Nam Lee Pressed Metal Industries has doubled its bottom line for the financial year ended 30 September 2025, posting a net profit of S$24.8 million, up 102.7 year-on-year, as a rebound in construction projects and stronger reefer-container orders lifted revenue.

Earnings per share rose to 10.25 Singapore cents from 5.06 cents. The board has proposed a final tax-exempt dividend of 3.0 Singapore cents a share, compared with a 1.5-cent final dividend and a 0.5-cent special payout a year earlier. The S$7.26 million distribution is subject to shareholder approval at the forthcoming AGM, with a payment date to be announced.

Group revenue increased 15.7 per cent to S$208.6 million. By segment, aluminium products contributed S$134.7 million (+15.0 YoY), UPVC products S$38.1 million (+3.8 YoY) and mild-steel and stainless-steel items S$35.7 million (+35.3 YoY). Pre-tax profit climbed to S$12.3 million from the aluminium division (+124.7 YoY) and to S$10.7 million from UPVC (+264.3 YoY), while mild-steel and stainless-steel earnings were steady at S$8.8 million. Group gross margin expanded to 24.5 per cent from 19.1 per cent, reflecting a richer product mix and improved container volumes.

Administrative expenses widened 28.8 per cent to S$15.0 million due to higher performance-linked remuneration, but this was more than offset by stronger operating leverage. Other operating expenses fell 39.8 per cent to S$2.0 million, helped by lower foreign-exchange losses. Net finance costs were broadly unchanged at S$2.0 million.

Operating cash flow rose sharply to S$28.0 million, underpinning S$25.4 million in net financing outflows that included S$20.0 million of loan repayments and S$4.8 million in dividends. Year-end borrowings fell to S$20.9 million from S$41.0 million, boosting the net cash position to S$31.9 million. Net assets improved to S$187.1 million, translating into a net asset value of 77.29 cents per share.

Looking ahead, Nam Lee expects demand from Singapore’s construction sector to remain firm, citing Building and Construction Authority projections of S$39 billion to S$46 billion in annual demand between 2026 and 2029. Management also anticipates continued recovery in aluminium orders after a subdued period, although it cautions that global trade tensions, market volatility and uncertainties in the US economy could temper growth. The group said it will focus on cost control, operational efficiency and timely project execution to sustain profitability across its aluminium, UPVC and steel product lines.