REVENUE (S$’000) Group’s revenue increased by 5.7% to S$182.4 million. The increase in revenue was primarily attributable to higher revenue recognition from construction projects that have made significant progress during the current reporting year, such as Tengah Plantation C5 and Solitaire on Cecil. FY2021 76,952 FY2022 148,067 FY2023 199,789 FY2025 182,368 FY2024 172,597 GROSS PROFIT/LOSS (S$’000) Cost of sales decreased to S$169.1 million as compared to S$178.0 million in FY2024, due to effective cost and project management. The Group’s gross profit stood at S$13.3 million as compared to a gross loss of S$5.4 million in FY2024. The improved gross profit was driven primarily by the near-completion of pre-pandemic projects, which incurred higher construction costs. Improved construction productivity also played a significant part. Gross profit margin was 7.3% as compared to a negative gross profit margin of 3.1% in FY2024. 13,307 FY2021 7,488 FY2022 (30,792) FY2023 (26,366) FY2025 FY2024 (5,428) NET PROFIT/LOSS AFTER TAX (S$’000) The Group recorded a net profit after tax of S$10.2 million as compared to a net loss after tax of S$3.9 million in FY2024. FY2021 (20,180) FY2022 (46,591) FY2023 (51,216) FY2025 FY2024 (3,916) 10,154 ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 10 FINANCIAL HIGHLIGHTS
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