Boustead posts 3% drop in H1 net profit as US tariffs moderate energy sector activities

Boustead Singapore reported a 3% decline in H1 net profit to S$34.9 million, with revenue at S$294 million. The drop was attributed to slower real estate revenue and flat contributions from the energy sector due to US tariffs. The company declared an unchanged interim cash dividend of S$0.015 per share. Despite challenges, the geospatial division saw a 10% revenue increase. Boustead's engineering order backlog is S$396 million, and it anticipates satisfactory results in FY2026, barring unforeseen circumstances.