VICOM Ltd (V01) announced its unaudited results for the first quarter ended Mar, 31 2026, reporting higher revenue, profit and cash balances.

Group revenue rose 11.5% year on year to 37.2 million Singapore dollars, supported by sustained demand for core services and contributions from the ERP 2.0 on-board unit installation project.

Operating profit increased 33.7% to 12.0 million Singapore dollars, while profit after tax and minority interest advanced 33.6% to 10.0 million Singapore dollars. The company cited higher revenue, partly offset by increased staff costs and higher tax expenses.

As at Mar, 31 2026, cash and cash equivalents stood at 59.9 million Singapore dollars, up from 57.9 million Singapore dollars at the end of Dec, 31 2025. Total assets reached 258.9 million Singapore dollars, exceeding total liabilities of 85.2 million Singapore dollars.

Net cash generated during the quarter amounted to 2.0 million Singapore dollars after capital expenditure of 11.6 million Singapore dollars, mainly related to progress billings for the Jalan Papan project.

VICOM said its overall performance remained resilient despite softer demand for oil and gas testing services and a slower pace of ERP 2.0 installation activities in March.