Interior fit-out provider Lincotrade & Associates Holdings (SGX:BFT
) (Lincotrade) has reported a sharp increase in its net profit after tax to $3.9 million in 1HYF2026, ended Dec 31, 2025, on back of higher revenue and gross profit.
Revenue surged 58.2% y-o-y to $53.3 million, driven by strong performance in both the commercial and residential segments, where revenue increased by 66.0% and 166.0% y-o-y respectively in the same period.
Meanwhile, gross profit witnessed a larger jump of 94% y-o-y to $8.0 million due to higher margin commercial projects being undertaken in the same period and better cost management at Lincotrade’s China subsidiary.
Gross profit margin increased by approximately 2.8 percentage points to 15.0% in 1HFY2026, compared against 12.2% in the corresponding period.
On back of the results improvement, Lincotrade announced an interim dividend of 0.88 cents per share, which represents a payout ratio of around 41% of net profit in 1HFY2026.
As at Dec 31, 2025, Lincotrade’s order book hit a record high of $117.2 million, supported by the higher order book from its commercial segment, in particular from the data centres project. The order book will be fulfilled across the next two years.
See also: Marco Polo Marine reports revenue of $32.8 mil for 1QFY2026
In 1HFY2026, the company secured a new data centre project for a contract sum worth $29.1 million, which is targeted to be complete by this calendar year.
On the other hand, the company said it is still waiting for the relevant authorities to approve its Temporary Occupation Permit (TOP) application for the Tuas Factory.
The factory will have a 204-bed ancillary workers dormitory that will save recurring accommodation costs for its workers, while the unutilised beds also offer potential for an additional steady stream of recurring income, subject to the relevant authority’s approvals.
“Moving forward, we aim to leverage our momentum to drive initiatives that strengthen our order book, enhance operational capabilities, and capitalise on emerging opportunities that create long-term value for both our business and our stakeholders,” says Jackie Soh, executive director and CEO of Lincotrade.
Lincotrade shares held steady at 25 cents on Feb 12.
