EnGro Corporation Limited reported a net profit of S$17.9 million for the year ended 31 Dec 2025, swinging from S$1.1 million a year earlier, as strong construction demand in Singapore and Malaysia and sizeable fair-value gains from venture-capital holdings outweighed higher raw-material and logistics costs.
Basic earnings per share rose to 15.09 Singapore cents from 0.92 cents. The board proposed a first-and-final dividend of 3.0 cents and a special dividend of 1.0 cent per share, up from the 3.0-cent ordinary payout declared a year ago. Payment and books-closure dates will be announced later.
Group revenue climbed 33.5 per cent year-on-year (YoY) to S$247.6 million, driven chiefly by a 36.7 per cent expansion in the cement and ready-mix concrete (RMC) business to S$239.3 million as new batching plants in Singapore and Malaysia ramped up production. The specialty-polymer segment contributed S$8.3 million, down 17.7 per cent YoY on softer automotive demand, while the investments arm generated S$16.0 million of segment profit on net fair-value gains of S$15.3 million from technology-focused venture-capital funds. The food-and-beverage unit, now in liquidation, posted a small loss.
Operating profit before tax surged to S$19.0 million from S$1.2 million in FY2024. Depreciation rose 77.5 per cent to S$5.3 million following fleet renewal and new plant installations, while finance costs increased 30.9 per cent to S$1.3 million on higher hire-purchase borrowings. Share of losses from associates and joint ventures widened to S$11.5 million, mainly due to weak contributions from China associates and an expected-credit-loss provision for receivables.
Total assets expanded to S$354.9 million (FY2024: S$323.9 million) after S$12.6 million of new investments and a S$15.4 million uplift in the fair value of financial assets. Net cash stood at S$68.3 million. Capital expenditure reached S$16.0 million, including new truck fleets and RMC plant upgrades; a further S$1.4 million is committed for FY2026.
Looking ahead, EnGro said it expects to remain profitable in FY2026. The Building and Construction Authority projects Singapore construction demand of S$47 billion–S$53 billion, underpinned by public-sector infrastructure works, while southern Johor developments are set to support Malaysian demand. Management highlighted persistent risks from port congestion, elevated shipping rates and subdued construction activity in China. The specialty-polymer unit will focus on diversifying its customer base in Indonesia and broadening product applications to mitigate automotive sector volatility.