Gross profit margin rose by 4.0 percentage points y-o-y to 48.3%, compared against FY2025’s figure of 44.3%. On the other hand, revenue increased by 5% y-o-y to $46.5 million, slightly behind the analysts’ FY2026 forecasts at 96%.
UOB KayHian analysts Tang Kai Jie and Heidi Mo have maintained their “buy” call on Reclaims Global (SGX:NEX
) after its recent FY2026 results.
In their April 20 report, the analysts highlighted that Reclaims Global’s FY2026 earnings was above their expectation. “FY2026 net profit of $6.8 million forms 113% of our forecasts. The stronger performance was supported by higher profitability amid better project mix on the back of a strong construction upcycle in Singapore,” write both Tang and Mo.
