Boustead Singapore net profit soars 58% to $59.1m in H2

This comes amidst a 42% revenue decline.

Boustead Singapore posted a 58% jump in net profit to $59.1m for the second half ended 31 March 2025 (2H FY2025).

The group said it was driven by a one-off $29.0m gain from transferring Boustead Projects’ fund management business to UIB1. This gain, along with lower tax expenses, offset weaker performance across key divisions.

However, revenue for the period fell 42% year-on-year to $231.9m, mainly due to lower contributions from the Real Estate Solutions and Energy Engineering divisions, following a smaller order backlog at the end of FY2024.

For the full year (FY2025), revenue declined 31% to $527.1m.

Still, net profit rose 48% to $95.0m, supported by the same one-off gain and tax savings. After adjusting for exceptional items, full-year net profit was up 8% YoY.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia