KSH posts $6.8m net profit in FY2026

This is despite a weaker revenue as new projects remain in early stages.

KSH Holdings recorded a net profit attributable to owners of $6.8m for financial year (FY) 2026, with a construction order book of about $965m as at 31 March, according to its financial disclosure, reversing a net loss of $5.9m in FY2025.

Revenue for the year ended 31 March fell 17.4% to $149.9m. This is mainly due to the completion of several construction projects in the first half of the year; whilst newly secured projects in the latter part of FY2026 remained in early stages and did not contribute significantly to revenue.

The group achieved a higher gross profit margin during the year with cost of construction decreasing to $120.3m from $162.4m in the previous year.

Other income declined to $8.6m from $13.9m, mainly due to lower interest income, lower gains on disposal of plant and equipment, and lower fair value gains on investment properties, according to KSH.

Finance costs fell to $2.9m from $5.1m, mainly due to lower borrowing costs.

KSH proposed a final dividend of 1.00 Singapore cent per share. Total dividends for FY2026 amount to 1.50 cents per share.

Cash, fixed deposits, and bank balances totalled more than $145.2m as at 31 Marc. Gearing stood at 0.34 times.

In property development, KSH said its share of unrecognised attributable revenue from units sold was about $187m, to be recognised progressively based on construction progress.

The group noted progress across its Singapore residential joint venture projects, including The Arcady at Boon Keng, One Sophia / The Collective at One Sophia, Sora, and Bagnall Haus.

It also referred to industrial projects under development, including Gate+ at Tukang Innovative Drive, which was launched in May 2026.

Separately, KSH Holdings said its subsidiary accepted a letter of acceptance for a construction project worth more than $503m earlier this year that will contribute to financial results until 2030.

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