---
title: "Tiong Seng Holdings expects to incur losses in the fiscal year 2025 | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276208847.md"
description: "Tiong Seng is expected to report a net loss in the fiscal year 2025, primarily due to a decline in revenue and increased costs. The net profit for the fiscal year 2024 is projected to be 2.8 million yuan. The company confirmed the final losses from old projects, affected by rising material, labor, and subcontracting costs. Tiong Seng will announce its performance before March 1, 2026, and the stock price was 0.101 yuan at the close of trading on Monday, unchanged"
datetime: "2026-02-18T08:27:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276208847.md)
  - [en](https://longbridge.com/en/news/276208847.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276208847.md)
---

# Tiong Seng Holdings expects to incur losses in the fiscal year 2025 | Lianhe Zaobao

Mainboard-listed construction and developer Tiong Seng announced on Monday (February 16) that, according to unaudited consolidated management accounts, the group expects to turn from profit to loss for the fiscal year 2025 ending last year. The net profit for the fiscal year 2024 was SGD 2.8 million.

The group anticipates a net loss primarily due to a decline in revenue, as well as a timing difference between variable costs and corresponding revenue recognition, which still requires client assessment and approval. Additionally, the group has confirmed the final losses from old projects undertaken before the COVID-19 pandemic, mainly due to increased material, labor, and subcontracting costs incurred in the first half of the fiscal year 2025.

Tiong Seng will announce its performance before March 1, 2026.

#### Further Reading

Tiong Seng reappoints Bai Lian Yuan as Executive Director and CEO

The group's stock price closed at SGD 0.101 on Monday, unchanged.

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