Nordic Group Limited posted a 9.0% year-on-year rise in net profit attributable to shareholders to S$19.02 million for the 12 months ended 31 December 2025, buoyed by wider gross margins following the reversal of unused contingency costs and increased in-house execution of subcontracting work.

Full-year revenue slipped 3.2% YoY to S$153.28 million, while basic earnings per share improved to 4.8 Singapore cents from 4.4 cents a year earlier. The board proposed a final dividend of 1.0745 Singapore cents per share, adding to the interim payout of 0.8276 cent. The total dividend of 1.9021 cents is 9% higher YoY, equating to a 40% payout ratio and a 4% dividend yield based on the share price of S$0.50 on 20 February 2026. Payment dates were not disclosed and the final dividend remains subject to shareholder approval.

Segmentally, Maintenance Services (MS) contributed 67% of group revenue, rising 9% YoY to S$102.8 million as contract renewals and new wins replenished the orderbook. Project Services (PS) revenue fell 17% to S$50.5 million after several projects reached completion in the second half, compressing the segment’s top-line share to 33%. Nevertheless, group gross profit climbed 10% to S$40.47 million and the margin widened 3.2 percentage points to 26.4%, reflecting higher PS profitability and cost reversals.

Headwinds included the softer PS revenue and a reduction in foreign-exchange gains to S$0.1 million from S$1.0 million in FY2024, partly offset by a S$0.9 million decline in net finance costs. Operating cash flow strengthened 53% to S$33.7 million, enabling the group to swing to a net cash position of S$4.1 million from net debt of S$16.3 million a year earlier.

Looking ahead, Nordic reported an outstanding orderbook of S$201.9 million at end-2025, split 67% MS and 33% PS, with deliveries scheduled mainly over the next 36 months. Management cited structural growth drivers in its core marine, semiconductor and defence markets, underpinned by record global shipbuilding backlogs, Southeast Asia’s expanding semiconductor manufacturing base and rising defence spending. The group intends to leverage its engineering capabilities to secure additional project work that can seed future maintenance contracts, while maintaining disciplined capital management to support dividends and potential growth initiatives.