Beng Kuang Marine (SGX:BEZ
) (Beng Kuang) has reported a lower net profit of $12.5 million for FY2025 ended Dec 31, 2025.
Revenue dropped 12.3% y-o-y to $98.2 million, mainly due to timing delays in offshore asset integrity projects within the Infrastructure Engineering (IE) division.
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: Singapore Paincare reports net loss of around $47,000
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.
