Lum Chang Creations net profit jumps 72% in FY 2026

Higher-margin projects lifted profitability despite an 11% decline in FY2026 revenue.

Lum Chang Creations’ net profit attributable to shareholders rose 72% to $22.3m in FY2026, supported by higher-margin projects and disciplined cost management.

Revenue declined 11% to $101.6m from $113.6m because of the timing and progress of the group’s project mix.

Despite the lower revenue, gross profit increased 61% to $36m. Gross profit margin widened by 15.8 percentage points to 35.5% from 19.7%.

Net profit margin nearly doubled to 21.9% from 11.4%, whilst earnings per share increased 54% to 3.55 cents.

Administrative and general expenses rose to $8.5m from $6.2m due to higher staff costs and corporate expenses incurred as a listed group.

Lum Chang Creations had $33.6m in cash and cash equivalents as of 30 June after paying $14.8m in dividends during the financial year. Its net assets more than doubled to $50.5m, supported by FY2026 profit and proceeds from a share placement.

The board proposed a final dividend of one cent per share, subject to shareholder approval. Together with the interim dividend, total FY2026 distributions will amount to approximately $14.5m, representing a payout ratio of about 65%.

The group’s order book stood at approximately $141.7m, providing revenue visibility over the next two to three years.

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