The Group delivered steady results for 1H 2025, with revenue increasing 3.4% to S$295.5 million and PATMI rising 29.2% to S$28.0 million, reflecting operational resilience and financial discipline in a fluid macro environment. An interim dividend of 2 cents per share, representing a 67% payout of 1H 2025 NPAT, has been declared for payment on 2 September 2025. Business Segments Flexible Staffing (FS) Revenue increased by S$10.5m (4.1%) to S$265.8m, maintaining its share of Group revenue at 89.9% and contribution to gross profit (GP) at 52.0%. Contractor volume grew by 3.7% to 16,140, led by activity in Taipei, Jakarta, and Shanghai. GP per contractor declined 6.3%, resulting in a 2.8% reduction in FS GP to S$31.8m. GP Margin eased to 12.0% (1H 2024: 12.8%), largely due to higher volume contributions from lower-margin international markets, and a dip in volumes from the relatively higher-margin Singapore FS business.
Outlook…
