Beng Kuang explained that the revenue timing delays arose from external parties’ revisions to project scope and work sequencing for optimisation and life-extension of floating assets.
IE remained as the main revenue contributor for Beng Kuang, accounting for 80% of total revenue in FY2025.
Gross profit margin improved by 2.5 percentage points to 37.1%, compared against FY2024’s figure of 34.6%. The higher gross profit margin was a result of cost minimisation initiatives and improvement on productivity.
As a result, gross profit declined at a slower pace of 6.0% y-o-y to $36.4 million.
See also: Reclaims Global reports higher earnings of $6.8 million for FY2026, up 23% y-o-y
With the absence of a one-off gain worth $5.5 million from the partial disposal of Batam shipyard property back in FY2024 and foreign exchange loss, Beng Kuang’s net profit was down nearly 41% y-o-y to $12.5 million.
Beng Kuang has proposed a cash dividend of 0.6 cents per share and this represents a dividend payout of 23.5% of the net profit attributable to shareholders in FY2025.
“Looking ahead, our BKM 2.0 strategy provides a clear roadmap to position Beng Kuang as a more resilient, asset-light and service-centric platform, supporting sustainable value creation over the longer term,” says Yong Jiunn Run, Beng Kuang’s CEO.
Shares in Beng Kuang closed up by 0.5 cents, or 1.82% at 28 cents on Feb 12.
