Its Engineering, Procurement, and Construction (EPC) business continued to be the main revenue contributor, with progressive rollout of projects which commenced the prior financial year continuing into FY2025.
Sanli’s Operations and Maintenance (O&M) business revenue almost doubled in the year due to its engineering capabilities and track record in this niche industry.
However, under its Emerging Business Segments (EBS), revenue dipped due to reduced business activities following the completion of a major contract in the prior year. The group says that it is actively pursuing tender opportunities in Singapore, Malaysia and Thailand where demand for sustainable industrial solutions continues to grow.
Despite the growth in yearly revenue, earnings dipped due to weighing down by residual impacts from legacy Covid-19 era projects. This is due to higher labour costs and raw material price increases for such projects nearing completion.
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The group’s financing costs for FY2025 also increased to $2.3 million due to higher interest expenses from the property loan for 22 Chin Bee Drive and additional short-term financing for major EPC and O&M projects.
Operating expenses increased to S$2.5 million in FY2025due to higher depreciation of property, plant and equipment.
The group’s order book stood at $228.6 million as at March 31, and total assets comprised $104.7 million current assets and $21.1 million non-current assets.
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Sanli has proposed a dividend of 0.173 cents per share.
Shares in Sanli closed 0.1 cents lower or 1.124% down at 8.8 cents on May 28.
