Soilbuild Construction Group (ZQM) H1 2026 earnings summary

Executive summary

• Record 1HFY2026 net profit of S$35.6m, up 25.8% YoY, on revenue growth of 6.5% and gross profit growth of 21.0%.

• The S$800m order book at 30 Jun 2026 and S$180m of new contracts secured since FY2025-end support revenue visibility.

• A 1.6-cent interim dividend per share was declared in the 50th anniversary year, representing ~30% of 1HFY2026 net profit.

Financial highlights

• Revenue rose 6.5% YoY to S$290.6m from S$272.8m; gross profit increased 21.0% to S$52.7m from S$43.6m.

• Profit before tax rose 28.6% to S$43.5m and net profit rose 25.8% to S$35.6m.

• Administrative expenses increased 22.1% to S$9.4m; finance expenses fell 43.1% to S$0.8m, while tax expense rose 42.7% to S$7.9m.

• A S$0.445m expected-credit-loss allowance write-back followed receivables collections; the prior-year period recorded a S$0.741m allowance.

• Operating cash flow was S$56.5m versus S$47.1m in 1HFY2025; cash and cash equivalents were S$185.2m at 30 Jun 2026.

Outlook and guidance

• The S$800m order book comprised S$560m of construction and S$240m of precast and prefabrication work.

• Since FY2025-end, one construction contract at Seletar West Road and three precast supply contracts added S$180m in contract value.

• Tendering focuses on quality projects supporting margin resilience, across public- and private-sector opportunities.

• A potential listing of the precast and prefabrication business remains under evaluation; no decision, timing or terms are settled, and completion is uncertain.