BRC Asia has reported revenue of $837.4 million for its 2HFY2025, up 16% y-o-y. However, earnings in the same period was down 5% y-o-y to $52.2 million with lower net margins.
For the full year ended Sept 30, the steel supplier reported earnings of $94.3 million, up 1% y-o-y. Revenue in the same period was up 5% to $1.55 billion.
The company plans to pay a final dividend of 7 cents plus a special dividend of 7 cents, bringing total dividend for FY2025 to 20 cents, representing a payout ratio of 58.2% and a dividend yield of 4.9%.
In the preceding FY2024, the company paid a total of 20 cents as well.
BRC's order book is at $1.9 billion, thanks to major wins such as the Changi Airport Terminal 5 substructure.
Positive developments across both the public and private sectors continued to support domestic construction demand in Singapore in 2025.
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Citing official projections, domestic construction demand is projected to remain strong at between $39 billion and S$46 billion for 2026.
"Despite ongoing macroeconomic uncertainties, the group remains cautiously optimistic about the market outlook and is committed to fully participating in the domestic construction upcycle," the company says.
With the acquisition of Southern Steel Mesh in Malaysia, BRC will continue to grow its overseas presence as well.
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"We are encouraged to see positive progress in the growth of domestic construction offtake, which accelerated the conversion of our robust sales order book into deliveries and earnings in the second half of 2025, a trend we expect to continue into the next year," says executive director and group CEO Seah Kiin Peng.
"We remain committed to fully participating in this ongoing upcycle and supporting our customers
"We also believe that the growth from our overseas markets will complement our domestic performance and collectively contribute to greater long-term value for our shareholders," adds Seah.
BRC Asia shares closed at $4.02 on Nov 21, down 1.95% for the day but up 57.65% year to date.
