Reclaims Global (SGX:NEX
) has reported a 23% y-o-y increase in net profit to $6.8 million for FY2026, ended Jan 31, 2026.
Revenue saw a growth of 4.8% y-o-y to $46.5 million, mainly driven by stronger market demand for the excavation services and logistics and leasing segments.
For FY2026, Reclaims Global’s excavation services and logistics and leasing segments saw higher topline growth of 14.8% and 33.2% y-o-y to $35.0 million and $10.6 million respectively while recycling segment saw a significant dip of 85.4% y-o-y to just $800,000 due to changes in project mix.
With the increase in other gains arising from disposal of property, plant and equipment and lower cost of materials, services and consumables, Reclaims Global’s profit before tax increased 23.2% y-o-y to $7.9 million.
As of Jan 31, 2026, Reclaims Global’s total assets increased to $55.3 million. With total liabilities of $8.1 million, this results in its net assets increased to $47.2 million.
Reclaims Global has proposed a final and special dividend of 1.0 cents per share. Together with the interim dividend of 0.5 cent per share, this brings its dividend payout ratio to 54% of its FY2026 net profit.
See also: The Assembly Place posts 6.4% increase in FY2025 earnings to $6.6 mil
“The improved financial results give us the confidence to enhance our dividend payout, rewarding shareholders while continuing to invest in strategic initiatives that drive long-term value. Looking ahead, we aim to deliver consistent and sustainable value creation while sharing the benefits with our shareholders,” says Tan Kok Huat, executive director and CEO of Reclaims Global.
Shares in Reclaims Global closed 1 cent lower, or down 4.44% to 21.5 cents on Mar 31.
