Boustead Singapore has reported earnings of $34.9 million for the 1HFY2026 ended Sept 30, down 3% y-o-y.
Revenue for the group for the first half of the year was marginally lower y-o-y at $294 million, compared to the $295.2 million reported in the same period a year ago.
This is due to higher revenue from the geospatial division, offsetting lower revenues from the real estate solutions division and healthcare division.
The lower revenue has resulted in lower earnings, which Boustead says is offset by lower other losses and material improvement in share of loss of associates and joint ventures.
Boustead’s engineering order backlog currently stands at approximately $396 million (unrecognised project revenue remaining at the end of 1H FY2026 plus the total value of new orders secured since then), of which $122 million is under the energy engineering division and $274 million is under the real estate solutions division.
Boustead says that challenging business conditions continue to persist, but it recently managed to secure a project with a contract value of over $100 million in November 2025.
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The board has declared an interim dividend of 1.5 cents per share for the 1HFY2026.
Shares in Boustead closed 1 cent higher or 0.568% up at $1.77 on Nov 10.
