Lincotrade & Associates Holdings has reported earnings of $2.6 million for the full year ended June 30, up 11.5% y-o-y.
The company increased its revenue by 8.5% y-o-y to $73.6 million for FY2025, driven by its commercial business segment that saw revenue increasing 17.3% to $66.1 million.
Lincotrade provides interior fitting-out services, additions and alteration (A&A) works and other building construction services for commercial, residential and showflats. It has in recent years focused on securing commercial projects which have higher margins, the group says.
Meanwhile, revenue from its residential and showflats segments decreased 18.3% and 44.3% respectively, due to lower percentage of works completed from ongoing projects and completed projects of larger showflats.
By geography, Singapore remained the main revenue contributor for the group. Revenue from the group’s Malaysia operations increased to $4 million in FY2025 from the new data centre project in Johor, Malaysia.
The group’s cash and cash equivalents stood at $12.6 million as at June 30. It used net cash of $2.3 million in investing activities and there was a net cash inflow of $2.1 million in financing activities.
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As at June 30, the group’s order book increased by 74.4% to $68.9 million, of which 89.6% are commercial projects to be fulfilled over the next two years.
The board of directors has recommended a final dividend of 0.66 cents per share, translating to a dividend payout of about 44% of earnings.
Shares in Lincotrade closed at 0.7 cents higher or 9.333% up at 8.2 cents on Aug 29.
