Singapore Tech Eng Ltd (SGGKF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome to SC Engineering's full year 2025 results briefing. We will begin with a presentation by our Group CFO, Cedric Foo. Our Group President and CEO, Vincent Chong, will then give his remarks. After that, we will end today's session with a Q&A from the analysts. Without further ado, may I invite Cedric to give his presentation, please. Yeah, thank you. First of all, welcome to the SD Engineering's full year 2025 results briefing. Good morning to all participants, whether you're in person here or via the webcast. Slide 2. Before I begin, I would like to bring your attention to slide number 2, which states, amongst others, that the Group's actual performance, outcomes and results in the future may differ materially from those expressed in forward-looking statements herein. Slide 3. This is our agenda for today. I am very pleased to present our 25 full-year results, covering the following topics. Group Highlights. business segment discussions, portfolio management, productivity, contract wins and audiobook, debt, dividends and outlook. Group highlights. Slide number five. In the second half of 2025, we continued to streamline our portfolio with four significant divestments. We also recorded non-cash impairments relating to our SECCOM business. These actions, with their one-off effects, affected our reported financial statements and distorted the group's underlying base operating performance. To enable our stakeholders to better assess the financial performance underlying our continuing businesses, we will be using the term BOP, or Base Operating Performance, throughout this presentation. Some of you call it by other names like clean or underlying, but it means the same thing, or non-GAAP. On a BOP basis, we delivered an excellent set of results for 202...