Records 33.0% Growth In Profit To S$43.6 Million

30 Tagore Lane

Singapore 787484

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For Immediate Release

OKP HOLDINGS LIMITED RECORDS 33.0% GROWTH IN PROFIT TO S$43.6 MILLION

• Achieves record revenue of S$223.5 million, up 22.9%, driven by s trong performance from both cons truction and maintenance s egments
• Healthy order book of S$588.0 million1, with revenue vis ibility extending to 2031
• Strong balance s heet, with an increas e in free cas h and cas h equivalents to S$155.9 million, up from S$124.3 million as at 31 December 2024
• Higher quantum of total dividends propos ed, following the recent bonus is s ue, at 2.0 Singapore cents per s hare, cons is ting of final dividend of 0.7 Singapore cent per share and s pecial dividend of 1.3 Singapore cents per s hare

1 As at 31 December 2025.

2 Based on 306,961,494 shares as at 31 December 2025.

43.7% decrease in rental income. Net profit attributable to equity holders for FY2025 was S$44.3 million, a 31.3% increase from S$33.7 million in FY2024.

Following the recent bonus issue on the basis of three bonus shares for every four existing shares, the Board of Directors has increased the quantum of total dividends proposed for FY2025, recommending a final dividend of 0.7 Singapore cent per share and a special dividend of 1.3 Singapore cents per share, to reward shareholders for their continued support.

Group Managing Director, Mr Or Toh Wat (胡土发), said, "We are pleased to have delivered a strong performance in FY2025, driven by positive revenue growth in our core businesses of construction and maintenance. The Group continues to be supported by a steady pipeline of public sector infrastructure projects. Our robust order book of S$588.0 million, underpinned by our decades-long track record and core

engineering capabilities, reflects the continued trust of our customers and positions us well to capitalise on growth opportunities. This is supported by our ongoing focus on technology adoption, innovation and best practices to strengthen our competitive edge."

"We remain committed to sustaining our growth momentum through disciplined cost management and prudent financial management. We will continue to focus on projects that align with our core competencies in transport infrastructure and civil engineering, while exploring selective opportunities and strategic partnerships to diversify our earnings base through property developments and other investments. Our focus remains on building a sustainable and resilient business anchored on disciplined

execution and strong project delivery capabilities to drive sustainable long-term growth."

Review of Performance

The Group reported a significant 22.9% increase in revenue for FY2025, primarily contributed by increases in revenue of 35.6% and 6.2% from the construction and maintenance segments respectively.

The increases in the construction and maintenance segments' revenue to S$154.5 million and S$65.6 million respectively, were mainly attributed to a higher percentage of revenue recognised from various ongoing and newly awarded construction projects as they progressed to a more active phase in FY2025.

Both the construction and maintenance segments continue to be the major contributors to the Group's revenue, accounting for 69.1% and 29.4% of the Group's FY2025 revenue respectively.

The 43.7% decrease in the Group's rental income to S$3.4 million was mainly due to ongoing major renovations at the property located at 6-8 Bennett Street, East Perth, Western Australia, and the transition period following tenant departures during FY2024.

The Group's gross profit increased by 24.5% to S$72.4 million in FY2025 from S$58.2 million in FY2024 while gross profit margin improved by 0.4 percentage points to 32.4%. The higher gross profit margin was mainly attributed to a notable improvement in the gross profit margin in the construction segment, due to higher contributions from

several projects which had commanded better margins in FY2025. This was partially offset by a decline in the maintenance segment's gross profit margin as several projects progressed to more active phases, where a higher proportion of costs were incurred.

The Group recorded other gains of S$1.8 million in FY2025, from a loss of S$0.5 million in FY2024. This was due to a decrease in foreign exchange loss of S$1.2 million arising from the revaluation of assets and liabilities denominated in Australia Dollars to Singapore Dollars; a decrease of S$1.7 million in fair value loss on investment properties; and an increase of S$0.6 million in government grants. These were partially offset by a decrease in interest income by S$0.5 million resulting from lower interest rate from bank deposits; a decrease in dividend income by S$0.5 million; and an increase in loss on disposal of right-of-use assets by S$0.2 million in FY2025.

Administrative expenses for FY2025 increased by S$2.8 million to S$20.6 million, as a result of an increase in directors' remuneration reflecting the higher profit generated by the Group and an increase in employee compensation due to salary adjustment and higher provision for bonus, partially offset by decreases in depreciation of property, plant and equipment and in medical expenses.

Correspondingly, the Group recorded net profit attributable to equity holders of S$44.3 million for FY2025 as compared to net profit attributable to equity holders of S$33.7 million for FY2024.

For the second half ended 31 December 2025 ("2H2025"), revenue grew by 10.5% to S$119.1 million as compared to S$107.9 million in the corresponding period a year ago ("2H2024"). Net profit attributable to equity holders was S$25.1 million for 2H2025 as compared to S$21.8 million for 2H2024.

Balance Sheet Highlights

The Group's balance sheet remains strong with net tangible assets ("NTA") of S$237.6 million while NTA per share was 77.39 Singapore cents as at 31 December 2025.

OKP's free cash and cash equivalents stood at S$155.9 million as at 31 December 2025, marking a notable increase of S$31.6 million from S$124.3 million a year ago.

Earnings per share (basic) for FY2025 stood at 14.42 Singapore cents, as compared to earnings per share (basic) of 10.98 Singapore cents in FY2024.

Based on OKP's closing share price of S$0.86 as at 24 February 2026, the Group's market capitalisation is S$462.0 million.

Propos ed Dividend

To reward shareholders for their continued support, the Board has recommended a final dividend of 2.0 Singapore cents per share, consisting of a final dividend of 0.7 Singapore cent per share and a special dividend of 1.3 Singapore cents per share.

Outlook

Based on figures released by the Ministry of Trade and Industry ("MTI") on 10 February 2026, Singapore's economy expanded by 5.0% in 2025, easing from the 5.3% growth in 2024. In the fourth quarter of 2025, Singapore's economy expanded by 6.9% year-on-year, faster than the 4.6% growth in the previous quarter. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 2.1%, moderating from the 2.6% expansion in the third quarter. MTI has upgraded Singapore's GDP growth forecast from 1.0 to 3.0 per cent to 2.0 to 4.0 per cent for 2026.