Kingsmen Creatives FY2025 revenue slips to S$372.5 million, profit edges up to S$13.7 million on margin gains

SGX Filings
Feb 20

Kingsmen Creatives Ltd. reported a net profit attributable to shareholders of S$13.70 million for the 12 months ended 31 Dec 2025, up 4.2 per cent year-on-year, as improved project margins offset a decline in turnover.

Earnings per share rose to 6.78 Singapore cents from 6.51 cents a year earlier. The board proposed a final, tax-exempt dividend of 3.0 cents per share, compared with 2.0 cents last year, payable on 29 May 2026 to shareholders on record as at 15 May 2026.

Group revenue slipped 4.1 per cent YoY to S$372.54 million, weighed down by a 7.9 per cent fall in the Exhibitions, Thematic & Attractions (ETA) segment to S$172.41 million and a marginal 0.6 per cent dip in Retail & Corporate Interiors (RCI) revenue to S$170.20 million. Research & Design (R&D) grew 5.0 per cent to S$19.97 million, while Experiential Marketing eased 9.0 per cent to S$9.97 million.

Gross profit improved 1.9 per cent to S$92.20 million, lifting the margin to 24.7 per cent from 23.3 per cent a year earlier, thanks to higher-margin projects in selected markets. Segment-level pre-tax contributions showed RCI leading with S$9.62 million (FY2024: S$13.15 million), followed by ETA at S$6.33 million (FY2024: S$1.66 million) and R&D at S$1.73 million (FY2024: S$1.34 million). Experiential Marketing posted a pre-tax loss of S$0.33 million, reversing from a profit of S$0.56 million the year before.

Cost discipline supported the bottom line. Employee benefits expense fell 5.1 per cent to S$62.71 million on lower headcount and reduced bonuses, while interest expense dropped 42.0 per cent to S$0.64 million following debt repayments and lower borrowing rates. Other income declined sharply due to the absence of a prior-year gain on asset disposal and foreign-exchange gains.

The group closed the year with S$91.08 million in cash and cash equivalents, up from S$78.06 million, after generating S$33.49 million in operating cash flow. Capital expenditure totalled S$5.95 million. Net borrowings fell to S$11.75 million from S$16.79 million.

Kingsmen said demand for “immersive and distinctive experiences” is underpinning activity in its ETA division, while brand refreshes and new-market roll-outs are supporting RCI. As at 31 Jan 2026 the order book stood at S$151 million, with about S$127 million expected to be recognised in FY2026.

Management indicated it will continue to build end-to-end experiential capabilities to deliver “transformative solutions” and views the overall market outlook as positive across all business lines.

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