Pan-United Corporation reported a net attributable profit of S$50.7 million for the year ended 31 Dec 2025, up 24 per cent year-on-year, lifted by higher sales volumes and cost efficiencies in its Singapore concrete operations.

Basic earnings per share rose to 7.25 Singapore cents from 5.85 cents a year earlier. The board recommended a final cash dividend of 3.5 Singapore cents per share, bringing the full-year payout to 4.5 cents, compared with 3.0 cents in FY24. The final dividend, subject to shareholder approval, will be paid on 15 May 2026 to shareholders on record as at 6 May 2026.

Group revenue advanced 11 per cent YoY to S$898.4 million, driven largely by the Concrete and Cement segment, which contributed S$889.8 million in external sales. Segment profit before tax from Concrete and Cement climbed to S$65.1 million, accounting for almost all of the group’s S$65.6 million pre-tax earnings. The smaller Trading and Others division posted a pre-tax profit of S$0.5 million on revenue of S$8.6 million.

Pan-United said the earnings growth was supported by tight working-capital management and continued investments in technology, which helped lift EBITDA 32 per cent to S$99.1 million. Capital expenditure rose accordingly, resulting in a 35 per cent increase in depreciation and amortisation expenses.

The group cautioned that rising operating costs, material price volatility and labour constraints remain industry headwinds. Nevertheless, Singapore’s Building and Construction Authority projects ready-mix concrete demand of 15 million–16 million cubic metres in 2026, up from 14.6 million cubic metres in 2025, underpinned by major infrastructure and commercial projects. Pan-United also expects steady demand in Malaysia and Vietnam, supported by public infrastructure and industrial developments.

Strategically, management indicated that higher capital spending will continue to focus on productivity-enhancing technology and capacity expansion to meet projected regional demand while maintaining a net cash position.