Global Resource Construction Ltd. booked a net profit attributable to shareholders of S$16.6 million for the six months ended Dec. 31, 2025, compared with S$1.5 million a year earlier, lifted by the first full-period consolidation of GRC Construction Group acquired in April 2025.

The Singapore-headquartered builder posted revenue of S$378.8 million, up from S$5.7 million in the previous year, while basic earnings per share rose to 0.49 Singapore cent from 0.14 cent. The company did not declare an interim dividend.

Segmentally, the building construction division generated S$18.1 million of pre-tax earnings, while civil infrastructure contributed S$2.0 million. The building construction (Australia) segment recorded a pre-tax loss of S$1.0 million. Property investment earned S$2.5 million before tax, and the remaining prefabrication technology, environmental & sustainability, procurement and “Others” segments posted modest results, bringing total pre-tax profit to S$20.1 million.

Operating expenses increased in tandem with activity, with administrative costs rising to S$21.8 million from S$1.7 million and employee benefits expanding to S$48.3 million from S$0.8 million. Finance costs declined 33.7 % to S$0.9 million following debt repayments.

Cash generated from operations reached S$9.7 million versus S$0.7 million a year earlier, aided by stronger profitability. Net cash used in financing activities widened to S$17.8 million after a S$4.4 million dividend payment in December 2025 and higher deposits pledged for banking facilities.

Looking ahead, the company cited a S$2.9 billion construction order book as at Dec. 31, up from S$2.3 billion at end-June, supported by new contract wins across public and private sectors. Management said it will “selectively secure projects” to capitalise on sustained domestic construction demand, while maintaining near-full occupancy across its three industrial properties to cushion against an anticipated moderation in industrial rents amid an expanding supply pipeline.

The group completed its redomiciliation from Bermuda to Singapore on Jan. 30, 2026, which will see its share premium account reclassified to share capital under local regulations. No numerical financial targets were provided.