BRC Asia's net profit in the second half of the year fell by 5% to 52.2 million yuan | Lianhe Zaobao
BRC Asia's net profit in the second half of the fiscal year 2025 fell by 5% to 52.2 million yuan, while the annual net profit rose by 1% year-on-year to 94.1 million yuan, and revenue increased by 5% year-on-year to 1.55 billion yuan. The board of directors recommends a final dividend of 0.07 yuan per share and a special dividend of 0.08 yuan, bringing the total annual dividend to 0.20 yuan per share. The revenue growth was mainly due to an increase in project orders, but the decline in steel prices offset some of the growth. Other income fell by 60% year-on-year, and operating expenses decreased by 11%. As of the end of September, the total amount of uncompleted orders reached 1.9 billion yuan
BRC Asia's net profit for the second half of the 2025 fiscal year fell by 5% to 52.2 million yuan, down from 55 million yuan in the same period last year.
For the full year, net profit rose by 1% year-on-year to 94.1 million yuan, while revenue increased by 5% year-on-year to 1.55 billion yuan.
The board of directors proposed a final dividend of 7 cents per share and a special dividend of 8 cents, bringing the total annual dividend to 20 cents per share. The calculated dividend payout ratio and dividend yield are 58.2% and 4.9%, respectively.
BRC Asia noted in its earnings report released on Sunday (November 23) that revenue growth was mainly driven by strong project order growth in the second half of the year. However, the decline in steel prices offset some of this growth.
Other income fell by 60% year-on-year, dropping from 22.5 million yuan in the same period last year to 9.1 million yuan, primarily due to the absence of a one-time gain of 16.5 million yuan from the sale of Pristine Islands Investment shares last year, as well as a decrease in fair value gains from the investment in Angkasa Daehan Steel.
Thanks to lower interest rates, improved operating cash flow, and reduced net foreign exchange losses, operating expenses decreased by 11% year-on-year to 56.6 million yuan.
Further Reading
BRC Asia's net profit rises 9% to 42.07 million yuan in the first half
As of the end of September this year, BRC Asia's total uncompleted orders amounted to 1.9 billion yuan, providing a guarantee for profits over the next five years.
Looking ahead to 2026, the company expects domestic construction demand to remain strong, supported by government-led new build projects for pre-purchased housing, public medical facilities, and upgrades to transportation infrastructure, including subway enhancements and road projects.
Demand for construction in the private sector is also expected to remain active, mainly due to the expansion plans for Marina Bay Sands, the restart of previously delayed commercial and hotel development projects, and upcoming data center projects.
BRC Asia closed at 4.02 yuan on Friday (21st), down 1.95%
