Sporeshare
05-26 11:20

$Boustead(F9D.SI)$  

Special dividend of 4.5 cents pkus final dividend of 4 cents. XD 7 August

2026 Highlights:

• Net profit for the Group was 145% higher year-on-year at S$232.6 million, mainly due to the

sale of the Group’s assets to UI Boustead REIT, as well as material improvement in share of

loss of associates and joint ventures (upon reversal of a S$7.0 million liability related to a fee

imposed by a landowner). For a comparative review, after adjusting for other gains/losses and

impairments, all net of non-controlling interests, net profit for FY2026 would have been 35%

lower year-on-year.

• Overall revenue was 18% higher year-on-year at S$624.4 million, mainly due to significantly

higher revenue from the Real Estate Solutions Division and higher revenue from the Energy

Engineering Division.

• The Group’s engineering order backlog is currently approximately S$840 million (unrecognised

project revenue remaining at the end of FY2026 plus the total value of new orders secured

since then), of which S$94 million is under the Energy Engineering Division and S$746 million

is under the Real Estate Solutions Division.

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