BRC Asia Limited reported a record net profit attributable to shareholders of S$94.3 million for the 12 months ended 30 September 2025, edging up 1% year-on-year, as deliveries from a S$1.9 billion order book gained pace in the second half of the financial year.

Earnings per share rose marginally to 34.37 Singapore cents from 34.10 cents a year earlier. The board proposed a final cash dividend of 7 Singapore cents and a special dividend of 7 cents, lifting the full-year payout to 20 cents a share. Payment dates were not disclosed.

Revenue increased 5% YoY to S$1.553 billion, with second-half turnover climbing 16% to S$837.4 million on higher construction activity, particularly work on projects such as Changi Airport Terminal 5. Gross profit expanded 4% to S$159.7 million, while the full-year gross margin stayed stable at 10.3%. Operating expenses fell 11% to S$56.6 million, mainly because of lower finance costs, reduced foreign-exchange losses and reversals of expected credit losses. Other income dropped to S$9.1 million from S$22.5 million due to the absence of a one-off disposal gain booked in FY2024.

The company cited declining steel selling prices as a drag on revenue growth and noted that the operating profit margin narrowed slightly to 7.3% from 7.5%. Nevertheless, a 23% increase in contributions from its China joint venture and cost control measures helped to stabilise bottom-line performance.

During the year, BRC Asia broadened its regional footprint by acquiring Malaysia-based Southern Steel Mesh and bringing BRC Asia (Thailand) into full operation. Cash and equivalents stood at S$203.1 million at end-September, underpinning the group’s capacity to fund growth and sustain dividends.

Chief executive Seah Kiin Peng said the acceleration of domestic construction work, especially in the latter half of FY2025, had converted the order pipeline into earnings and should persist into FY2026. He added that public-sector infrastructure, new public housing and private projects such as Marina Bay Sands’ expansion are expected to keep Singapore’s construction demand within the Building and Construction Authority’s S$39 billion–S$46 billion forecast range for 2026. Seah noted that overseas operations in Malaysia and Thailand are intended to complement the core Singapore business and support longer-term shareholder returns.