ISOTeam has an existing order book of $76.2 million, of which 80% is slated to be completed within the next 18 months.
Shareholders can also look forward to ISOTeam’s new drone testing to begin by 2Q2026. ISOTeam is currently the only local contractor that’s using drones. The move could reduce costs by 30% to 40% and position it well in terms of technology, lower labour use and costs given the Singapore government’s push to use technology to reduce manpower, Seet notes.
“ISOTeam will begin testing its AI (artificial intelligence) drone-painting solution on an HDB site by 2Q2026 and it will be rolled out to more estates, if successful,” he writes.
With these factors, Seet expects stronger earnings for the FY2026 ended June as several job recognitions have been delayed to the 1HFY2026. The company’s full-year bottom line could also be helped by the increased speed of contract wins in recent months. Seet’s FY2026 core net profit estimate of $7 million is lower than the consensus net profit estimate of $8 million.
Seet is also anticipating a potential sale of non-core assets worth around $7 million to $10 million. He believes a portion of the proceeds from the sale could be used to reward shareholders with special dividends.
As at 10.16am, shares in ISOTeam are trading flat at 8.5 cents.
