HPC Holdings Limited (HPC, Stock Code: 1742) reported audited annual results for the year ended 31 October 2025. The company faced persistent increases in raw material and subcontractor costs, driven by logistics pressures and labor policy changes in Singapore. Despite these challenges, HPC secured seven new projects in 2025, amounting to a total contract sum of S$734.33 million. Two of the sizable awards were finalized shortly before year-end and did not contribute to 2025 financials.

During the period, revenue rose by 66.79% to approximately S$283.17 million from the previous S$169.78 million. This surge was attributed to more major ongoing projects entering their peak stages. The gross figure reversed from a loss of about S$5.01 million last year to a profit of around S$20.58 million, reflecting tender strategy optimization. Administrative expenses grew to S$14.45 million amid business expansion, while overall net profit after tax reached approximately S$35.3 million, reversing a net loss of S$8.48 million in the preceding year.

HPC’s gearing ratio declined to 11.20%, compared with last year’s 19.55%, on ongoing loan repayments and profit growth. The order book stood at S$1,370 million as of 31 October 2025, providing flexibility for more selective tenders. HPC anticipates continued Singapore construction demand driven by forecasted annual project values of S$39 to S$46 billion over the coming years. However, the company remains cautious about high material costs, labor constraints, and fierce market competition, with no final dividend recommended for the year under review.