Boustead Singapore Past Earnings Performance

Past criteria checks 4/6

Boustead Singapore has been growing earnings at an average annual rate of 2.7%, while the Construction industry saw earnings growing at 16.3% annually. Revenues have been declining at an average rate of 3.4% per year. Boustead Singapore's return on equity is 16.2%, and it has net margins of 17.9%.

Key information

2.74%

Earnings growth rate

2.77%

EPS growth rate

Construction Industry Growth	20.19%
Revenue growth rate	-3.42%
Return on equity	16.18%
Net Margin	17.88%
Last Earnings Update	30 Sep 2025

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Boustead Singapore makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:BSTG.F Revenue, expenses and earnings (SGD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 25	526	94	138
30 Jun 25	526	95	136
31 Mar 25	527	95	135
31 Dec 24	611	84	136
30 Sep 24	695	73	137
30 Jun 24	731	69	137
31 Mar 24	768	64	137
31 Dec 23	725	57	128
30 Sep 23	683	50	119
30 Jun 23	622	47	114
31 Mar 23	562	45	109
31 Dec 22	550	39	111
30 Sep 22	538	32	113
30 Jun 22	585	31	112
31 Mar 22	632	31	112
31 Dec 21	684	72	112
30 Sep 21	736	113	113
30 Jun 21	711	113	111
31 Mar 21	686	113	109
31 Dec 20	705	77	107
30 Sep 20	724	40	104
30 Jun 20	742	35	102
31 Mar 20	727	31	102
31 Dec 19	633	29	94
30 Sep 19	561	29	93
30 Jun 19	511	30	105
31 Mar 19	471	33	92
31 Dec 18	435	33	99
30 Sep 18	392	32	95
30 Jun 18	384	32	95
31 Mar 18	385	26	94
31 Dec 17	388	27	93
30 Sep 17	402	29	94
30 Jun 17	410	29	93
31 Mar 17	434	33	94
31 Dec 16	455	28	93
30 Sep 16	482	26	95
30 Jun 16	484	29	96
31 Mar 16	487	28	95
31 Dec 15	497	42	101
30 Sep 15	532	46	101
30 Jun 15	547	53	102
31 Mar 15	556	63	105

Quality Earnings: BSTG.F has a high level of non-cash earnings.

Growing Profit Margin: BSTG.F's current net profit margins (17.9%) are higher than last year (10.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: BSTG.F's earnings have grown by 2.7% per year over the past 5 years.

Accelerating Growth: BSTG.F's earnings growth over the past year (28.2%) exceeds its 5-year average (2.7% per year).

Earnings vs Industry: BSTG.F earnings growth over the past year (28.2%) exceeded the Construction industry 26.2%.

Return on Equity

High ROE: BSTG.F's Return on Equity (16.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/31 13:49
End of Day Share Price	2025/11/03 00:00
Earnings	2025/09/30
Annual Earnings	2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Boustead Singapore Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Khang Chuen Ong	CGS International
Yew Kiang Wong	CLSA
Joshua Tan	Phillip Securities (HK)