EGP Energy Corporation Limited reported a net profit after tax of S$6.1 million for the six months ended Jun 30, up 179.3 per cent year-on-year, as a surge in transmission & distribution (T&D) and maintenance & services (M&S) work lifted revenue and margins.

Earnings per share rose to 2.69 Singapore cents from 0.96 cents a year earlier. Excluding one-off listing expenses of about S$0.9 million, adjusted net profit reached S$7.0 million. The company did not declare a dividend for the period.

Group revenue climbed 157.4 per cent to S$30.7 million. T&D sales more than doubled to S$20.8 million, supported by projects that started in late FY2025 and ramped up during the half, while M&S revenue jumped 159.8 per cent to S$9.9 million, aided by a new contract and approximately S$2.0 million from higher-margin ad-hoc services. Gross profit rose 227.3 per cent to S$10.1 million, with the margin widening to 32.9 per cent from 25.9 per cent a year ago.

Non-recurring IPO expenses trimmed reported earnings, and cash and bank balances eased to S$27.1 million from S$37.1 million at end-2025. The balance sheet remained ungeared, with no bank borrowings.

The order book stood at S$296.2 million as at the announcement date, underpinning revenue visibility through 2031. Management plans to deploy the S$27.4 million of net IPO proceeds to pursue strategic partnerships, joint ventures, acquisitions and selective regional expansion, while continuing to target tenders aligned with its expertise in high-voltage grid projects.

Executive chairman and chief executive Frankie Fan said the first-half performance reflected the group’s track record, long-standing customer relationships and experienced project team. He indicated that ongoing investments in Singapore’s grid renewal, renewable integration and data-centre developments should sustain demand, and added that the strengthened balance sheet positions the group to accelerate growth initiatives over the next 12 months.