Lum Chang FY2026 revenue at S$645.9 million, profit at S$51.9 million on stronger construction margins

SGX Filings
08/25

Lum Chang Holdings Limited reported a net profit of S$51.9 million for the year ended Jun 30, 2026, up 177 per cent year-on-year, lifted by improved project margins in its core construction business and higher contributions from restoration and interior fit-out contracts.

The company posted basic earnings per share of 9.46 Singapore cents (FY2025: 4.16 cents). It has already paid an interim ordinary dividend of 0.5 cent and an interim special dividend of 1.5 cents per share. The board has proposed a final ordinary dividend of 1.0 cent and a final special dividend of 2.0 cents, bringing the full-year payout to 5.0 cents, up from 4.0 cents a year earlier. Payment and record dates will be announced later.

Group revenue grew 40 per cent to S$645.9 million, driven mainly by a 53 per cent increase in construction revenue to S$522.2 million. Property sales contributed S$24.7 million, 72 per cent higher than the previous year, while restoration and interior fit-out revenue edged down 6 per cent to S$98.4 million as several large projects reached completion in FY2025.

By segment, profit before tax was as follows: • Construction: S$45.1 million (FY2025: S$9.5 million) • Restoration & interior fit-out: S$28.1 million (FY2025: S$16.5 million) • Property development & investment: loss of S$0.2 million (FY2025: profit of S$0.9 million) • Investment holding & others: loss of S$9.0 million (FY2025: loss of S$4.2 million)

Higher administrative costs and fair-value losses on investment properties and financial assets lifted other expenses, resulting in net other losses of S$1.4 million versus S$51,000 a year earlier. Finance costs fell 32 per cent to S$1.3 million on lower borrowing rates.

Cash generated from operations totalled S$112.4 million, supporting a year-end cash balance of S$174.7 million (FY2025: S$80.1 million). Net asset value rose to 55.64 cents per share from 44.66 cents.

The outstanding order book for construction and restoration projects stood at about S$1.04 billion as at Jun 30, 2026. During the year the group’s listed subsidiary, Lum Chang Creations, raised S$19.4 million through an initial public offering and a subsequent placement; Lum Chang’s stake was diluted from 71.11 per cent to 64.15 per cent but the unit remains a consolidated subsidiary. Post-year-end, a group subsidiary joined a consortium that won the S$2.1 billion Bayshore Drive mixed-use site, in which Lum Chang will hold a 7.5 per cent stake in the residential component.

Looking ahead, management noted that while construction activity remains firm, the sector continues to face elevated costs, manpower constraints and competitive tendering, which could squeeze margins. The company intends to maintain disciplined cost control, focus on project execution and selectively pursue new work to sustain its performance.

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