Soilbuild Construction Group has reported record earnings of $63.6 million for the FY2025 ended Dec 31, 2025, 139.4% higher or 2.39 times up y-o-y.
“FY2025 stands out as a landmark year, with our financial results highlighting nearly five decades of the group’s progress and achievements,” says Lim Han Ren, executive director and group CEO.
During the year, revenue rose by 50.8% y-o-y to $590.7 million due to broadbased growth across Soilbuild’s businesses — construction and precast and prefabrication.
Construction revenue rose by 49.2% y-o-y to $476.6 million, while revenue for precast and prefabrication grew by 54.4% y-o-y to $111.7 million. Others also saw growth, with revenue of $2.4 million up from $0.1 million in FY2024.
The higher construction revenue was due to key contributions from several projects including the building of the PSA Supply Chain Hub, the building of a multiple-user industrial development at Tuas South Avenue, the construction of a public housing development in Toa Payoh and others. According to the group, revenue may vary from time to time depending on the progress of construction contracts.
The growth in precast and prefabrication revenue was due to higher product sales.
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Gross profit surged by 100.3% y-o-y to $93.2 million as gross profit margin improved to 15.8% from 11.9% due to improved operating efficiencies and disciplined cost management.
With improved profitability, depreciation and other adjustments, as well as changes in working capital, Soilbuild generated $157 million of net cash from its operating activities in FY2025.
As at Dec 31, 2025, the group has an order book of about $1.07 billion, which “highlights the group’s growth momentum,” says Lim. The order book includes four new construction contracts and 14 new precast supply and delivery contracts valued at about $0.5 billion in total.
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The group has proposed a final dividend of 2.5 cents per share, bringing its full-year dividend per share to 4.5 cents, representing a payout ratio of 31.2%. In FY2024, Soilbuild paid out a total of 3 cents per share representing a payout ratio of 18.7%.
The final dividend is subject to shareholders’ approval at Soilbuild’s next annual general meeting (AGM).
“As the group continues to deliver improved financial results, we are delighted to share such achievements with our shareholders. The FY2025’s dividend payout ratio of over 30% of net profits reflects our appreciation for our shareholders’ support. Moving forward, we remain committed to delivering sustainable value,” Lim concludes.
Shares in Soilbuild closed 2 cents lower or 1.85% down at $1.06 on Feb 26.
