SINGAPORE (EDGEPROP) - KSH Holdings has returned to profitability in the first half of FY2026 ended Sept 30, posting a net profit of $5.3 million, a sharp turnaround from the $6.5 million loss in the same period the previous financial year. The group's revenue rose 19.7% to $63.1 million, driven by robust construction activity and higher work progress on ongoing projects. Its construction order book has strengthened to over $500 million, and the company maintains a healthy financial position with more than $114 million in cash and a lower gearing ratio of 0.20x. Property development joint ventures in Singapore, including The Arcady at Boon Keng, One Sophia/The Collective at One Sophia, Sora, and Bagnall Haus, continue to achieve steady sales, with unrecognised attributable revenue from sold units at $168 million. Overseas, its China projects are also progressing, though the market remains challenging.

KSH has proposed an interim dividend of 0.50 Singapore cent per ordinary share, reflecting its commitment to shareholder returns. Executive Chairman Choo Chee Onn commented, "Our return to profitability reflects the success of our disciplined execution and focus on quality growth." The group remains cautiously optimistic, citing signs of recovery in key sectors, supported by easing interest rates and stabilising inflation, but will continue to exercise financial prudence amid global uncertainties.