Global Resource Construction Ltd. reported a net profit attributable to shareholders of S$16.6 million for the six months ended Jun 30 2026, more than doubling the S$5.9 million earned a year earlier, as the first full‐period contribution from the recently acquired GRC Construction Group lifted earnings.
Revenue surged to S$425.6 million, up from S$132.4 million in the prior‐year period, while basic and diluted earnings per share improved to 0.49 Singapore cents from 0.31 cents YoY. The board did not declare an interim dividend; the company paid a final dividend of 0.13 Singapore cents per share for the previous financial year.
By segment, building construction remained the primary earnings engine, delivering pre-tax profit of S$23.1 million on revenue of S$258.0 million. Property investment contributed S$3.3 million in pre-tax profit, supported by near-full occupancy across three industrial assets. Building construction (Australia) was marginally profitable at S$0.05 million. Civil infrastructure, prefabrication technology, and environmental & sustainability operations posted pre-tax losses of S$4.8 million, S$0.8 million and S$1.6 million respectively, reflecting start-up and project mobilisation costs.
Administrative expenses rose to S$21.5 million from S$9.4 million, driven by higher staffing and operating costs following the consolidation of GRC Construction. Finance costs eased 30 per cent to S$0.8 million due to lower borrowing costs, while income tax expense climbed to S$2.3 million in line with stronger profitability.
The enlarged group closed June with a construction order book of about S$3.2 billion, up from S$2.3 billion a year earlier, after securing several new contracts. Management said it will prioritise prudent project execution, disciplined tendering and cost control to defend margins amid rising input costs and labour constraints. It expects its healthy order backlog and stable industrial property portfolio to underpin performance over the next 12 months, although geopolitical and macroeconomic uncertainties could temper growth.