Grandshores Technology (1647.HK) Announces Interim Results for Six Months Ended 30 September 2025

Bulletin Express
2025/11/28

Grandshores Technology Group Limited (Stock Code: 1647) disclosed its unaudited interim results for the six months ended 30 September 2025, reporting total revenue of approximately S$44.21 million, down from S$48.58 million in the corresponding period last year. Despite the revenue decrease, the Group narrowed its loss for the period to about S$1.58 million, compared to a loss of around S$3.04 million in the prior year.

Integrated Building Services revenue rose from approximately S$28.63 million to about S$31.34 million. In contrast, Building Construction Works revenue declined from around S$19.45 million to approximately S$9.75 million, mainly due to the completion of several key projects during the period. The Information Technology Development and Application segment posted a significant increase, up from roughly S$0.49 million to S$3.12 million, partly driven by stronger digital asset prices and higher trading volumes.

Gross profit increased to around S$7.92 million, compared to S$6.45 million in the last period, and gross profit margin rose from 13.3% to 17.9%. The company attributed the margin improvement in part to the higher contribution of its Information Technology Development and Application segment.

The Group cited forecasts from Singapore’s Building and Construction Authority, which project total construction demand for 2025 in the range of S$47 to S$53 billion, though it also cautioned that ongoing global uncertainties and labor shortages may continue to impact the sector. No interim dividend was recommended for the period under review.

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