Boustead profit drops 3% in H1 amidst margin pressures

Its net profit was impacted by lower margins despite a stable dividend.

Boustead Singapore Limited reported a 3% decline in net profit to $34.9m for the six months ending 30 September 2025, as lower gross margins and softer operational performance weighed on earnings.

The company’s net profit attributable to shareholders was impacted by a decrease in gross margins, which fell to 38% from 40%.

Despite gains from improved performance in associates and joint ventures, profit before tax also declined by 4% to $50.4m.

Adjusted net profit, excluding exceptional items, saw a sharper decline of 27%, reflecting weaker core performance. However, Boustead maintained its interim dividend of 1.5 cents per share, aligned with last year’s payout, supported by a solid cash position.

Boustead’s order backlog stands at $396m, with a strong pipeline of contracts expected to drive performance for the remainder of FY2026.

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