Kim Heng reported a FY 2025 net loss of SGD 9.6 million, with revenue of SGD 121.0 million (-1.4%) and EBITDA of SGD 8.5 million (-52.4%). Gross profit was SGD 22.6 million (-27.0%), with gross margin at 19% (FY 2024: 25%). For 2H 2025, Kim Heng posted a net loss of SGD 10.9 million on revenue of SGD 53.9 million (-19.8%), with gross profit of SGD 7.4 million (-52.4%) and gross margin of 14% (2H 2024: 23%). As at 31 Dec 2025, Kim Heng had total assets of SGD 169.9 million and total equity of SGD 48.8 million, with cash and cash equivalents of SGD 5.4 million. The group said 2H revenue fell mainly due to no new shipbuilding projects secured, delayed vessel deliveries, and dry docking of some vessels, partly offset by higher material sales and marine offshore support services as client rigs arrived in Singapore. It also noted growth expectations for its geotechnical survey segment and stable charter utilisation in FY 2026, supported by increased offshore energy activity and demand for specialised vessels.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kim Heng Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: BLENG98H1202OXSP) on February 27, 2026, and is solely responsible for the information contained therein.