OKP Holdings Limited posted a 33.0% year-on-year rise in net profit to 43.6 million Singapore dollars for the 12 months ended 31 December 2025, lifted by higher contributions from its construction and maintenance businesses.
Earnings per share climbed to 14.42 Singapore cents from 10.98 cents a year earlier. The board has proposed a total dividend of 2.0 Singapore cents a share—comprising a 0.7-cent final payout and a 1.3-cent special dividend—following a recent bonus-share issue.
Group revenue expanded 22.9% YoY to S$223.5 million. Construction remained the dominant driver, accounting for S$154.5 million, up 35.6% YoY, while maintenance revenue grew 6.2% to S$65.6 million. Rental income fell 43.7% to S$3.4 million because of renovation works at the Group’s Perth property and tenant transitions. Gross profit improved 24.5% to S$72.4 million, nudging the margin up 0.4 percentage point to 32.4%.
The rental decline and higher administrative expenses—mainly from increased staff remuneration—partly offset stronger construction margins, but other gains of S$1.8 million (versus a S$0.5 million loss in FY2024) cushioned the impact.
Free cash and cash equivalents rose to S$155.9 million from S$124.3 million, while net tangible assets stood at S$237.6 million, or 77.39 Singapore cents per share. The order book reached S$588.0 million, providing revenue visibility through 2031.
During the year the Group secured a S$258.3 million Land Transport Authority contract to build cycling paths across 11 eastern towns and a S$22.6 million JTC Corporation mandate for infrastructure works at CleanTech Loop. Its 74-unit Phoenix Residences project obtained its Certificate of Statutory Completion in August 2025, adding to recurring income streams from investment properties in Singapore and Australia.
Group Managing Director Or Toh Wat said the earnings jump reflected steady public-sector infrastructure demand and disciplined cost control. He noted that a focus on technology adoption and project execution would support competitiveness amid cost pressures linked to geopolitical tensions and supply-chain disruptions. Looking ahead, Or indicated the company will remain selective in bidding, concentrate on core transport-infrastructure projects, and explore property-development and investment opportunities to diversify earnings.
For 2026, management expects Singapore’s construction demand to stay healthy at S$47 billion–S$53 billion, underpinned by major public works such as Changi Airport Terminal 5 and new MRT extensions. OKP aims to leverage its A1 BCA grading, strong balance sheet and track record to capture forthcoming contracts while maintaining a disciplined approach to capital allocation and cost management.