Boustead profit drops 3% in H1 amidst margin pressures

Its net profit was impacted by lower margins despite a stable dividend.

Boustead Singapore Limited reported a 3% decline in net profit to $34.9m for the six months ending 30 September 2025, as lower gross margins and softer operational performance weighed on earnings.

The company’s net profit attributable to shareholders was impacted by a decrease in gross margins, which fell to 38% from 40%.

Despite gains from improved performance in associates and joint ventures, profit before tax also declined by 4% to $50.4m.

Adjusted net profit, excluding exceptional items, saw a sharper decline of 27%, reflecting weaker core performance. However, Boustead maintained its interim dividend of 1.5 cents per share, aligned with last year’s payout, supported by a solid cash position.

Boustead’s order backlog stands at $396m, with a strong pipeline of contracts expected to drive performance for the remainder of FY2026.

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