In a market where construction margins are tight and economic headwinds persist, BBR Holdings (S) Ltd (“BBR” or the “Group”) is quietly proving that resilience pays off.
The Group delivered a resilient performance for the six-month period ended 30 June 2025 (“1H2025”), supported by a diversified business portfolio and a growing order book. Revenue rose to S$114.4 million, underpinned by strong contributions from its General Construction, Specialised Engineering, and Accommodation business segments.
The accommodation business contributed S$18.3 million in recurring revenue during 1H2025, providing a stable, reliable income stream that complements BBR’s core construction operations. This segment enhances earnings visibility and supports medium-term growth, reinforcing the Group’s diversified business model.
BBR’s general construction and specialised engineering businesses remain the backbone of the Group. In 1H2025, the Group secured approximately S$220 million in new contracts, including Housing and Development Board residential and community works, bored piling works, and a major infrastructure project in eastern Singapore.
These wins expand the Group’s construction order book to about S$400 million as at 30 June 2025, offering visibility well into FY2026, reflecting BBR’s market competitiveness and reputation for timely project execution.
The macroeconomic environment remains uneven. While Singapore’s GDP is projected to grow between 1.5% and 2.5% in 2025, inflationary pressures in manpower and materials persist, and global trade continues to adjust to new geopolitical realities. The construction sector remains resilient, expanding 6.0% year-on-year in Q2 2025, but margins across the industry are tight.
The Building and Construction Authority projects total construction demand to reach S$47 billion to S$53 billion in 2025. While cost pressures from manpower and materials persist, BBR’s diversified business model, disciplined cost management, and strong forward order book provide a firm foundation for navigating these challenges.
With a robust project pipeline, recurring rental income from its accommodation business, and a measured approach to property development, BBR continues to balance resilience with growth. The Group’s focus remains on disciplined cost control, timely project execution, and prudent capital allocation, positioning it to deliver sustainable value to shareholders over the medium term.
BBR’s story in 1H2025 is not one of chasing short-term spikes, but of laying firm foundations.