OKP Holdings H1 profit jumps 43.8% on project gains

Construction and maintenance activity pushed revenue to $113.8m.

OKP Holdings Limited’s net profit rose 43.8% to $27.3m in the first half (H1) of 2026, up from $19.0m in the previous year.

Revenue increased 9% to $113.8m from $104.3m, whilst profit attributable to equity holders rose 43.9% to $27.5m from $19.1m

Growth in the construction and maintenance segments drove the revenue increase, which rose 9.5% and 11.0%, respectively.

Basic earnings per share for H1 stood at 5.12 Singapore cents, compared to 3.56 Singapore cents in H1 2025.

“The improvement in both segments was mainly attributable to higher work volume from ongoing projects and contributions from newly secured projects during the period,” OKP said.

Rental income fell 40.9% to $1.1m due to the continued vacancy of its Australian property following tenant departures.

The group’s gross profit increased by 33.1% to $42.8m, whilst the gross profit margin improved by 6.8 percentage points to 37.6%.

It reported net tangible assets (NTA) of $254.1m, whilst NTA per share was 47.30 Singapore cents as at 30 June 2026.

Cash and cash equivalents stood at $187.0m, an increase of $25.3m from $161.7m as at 31 December 2025.

“To commemorate OKP’s 60th anniversary, the Board of Directors has declared a one-tier tax-exempt special interim cash dividend of 0.6 Singapore cent per share. The dividend will be paid on 28 September 2026 to entitled shareholders,” OKP said.

The Group’s order book stood at $727.3m, with projects extending till 2031. It secured $252.6m in Land Transport Authority contracts in March and May for commuter infrastructure works, including along the Jurong Regional Line.

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