Overview
Singapore HR services provider's FY2026 revenue rose 20% yr/yr, driven by client and training growth
Gross profit up 25% yr/yr, with margin expanding to 29.2%
Net profit rose 51% yr/yr, company ended year with net cash position
Outlook
Company sees strong demand ahead as global offshore wind sector projected to grow 24% annually to 2030
Result Drivers
CLIENT AND TRAINING GROWTH - Revenue growth driven by higher demand from existing clients, new clients, and increased contribution from training segment
TRAINING SEGMENT EXPANSION - Training segment, consolidated under Trainergy, grew to 7.3% of group revenue, aided by full-year contribution from Spain centre
MARGIN IMPROVEMENT - Gross profit margin expanded to 29.2% from 28.1% due to outpacing revenue growth and operational scale
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
$23.19 mln
FY Gross Profit
$6.77 mln
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