OKP Holdings Limited announced on Apr, 22 2026 that its revenue for the year ended Dec, 31 2025 rose 22.9% to 223.5 million Singapore dollars, supported by increased recognition from ongoing and newly awarded construction and maintenance contracts.
The civil engineering group’s net construction order book stood at 588.0 million Singapore dollars at year-end 2025, with projects scheduled through 2031. A major contributor is a 258.3 million Singapore dollars Land Transport Authority contract awarded in May 2025 for the design and construction of the Cycling Path Network in Singapore’s East Region. Based on Land Transport Authority data, about 730 km of cycling paths have been completed nationwide, leaving an estimated 570 km to meet the 1,300 km target by 2030.
Management told the Securities Investors Association (Singapore) that it will keep pursuing public-sector infrastructure work, including roads and drainage projects, while exploring diversification and strategic partnerships in Singapore and overseas to replenish its order book.
Separately, the company sold two freehold properties in Kampong Bahru Road for 14.88 million Singapore dollars, compared with their carrying value of 15.6 million Singapore dollars and original cost of 12.76 million Singapore dollars. The disposal, carried out after arm’s-length negotiations, aimed to unlock value, bolster cash reserves and enhance financial flexibility.
On governance, the board said it retains ultimate responsibility for sustainability, receiving regular updates beyond its two scheduled annual meetings. Anti-money-laundering and sanctions risks are deemed highly material due to the group’s property activities in Singapore and Australia, with compliance frameworks in place.
The audit committee maintains a rolling three-year internal audit roadmap executed by external provider HLS Risk Advisory Services. In 2025, audits covered project management, sales-to-collection and IT general controls, yielding three findings (one medium, two low priority), all of which are being addressed.