Lum Chang Creations Limited reported a 72% year-on-year surge in net profit attributable to equity holders to 22.3 million Singapore dollars for the 12 months ended Jun 30, lifted by wider margins on a series of higher-value contracts that offset softer revenue.

Full-year revenue declined 11% YoY to S$101.6 million, but gross profit expanded 61% to S$36.0 million, raising the gross margin to 35.5% from 19.7%. Earnings per share rose 54% to 3.55 Singapore cents. The board has proposed a final cash dividend of 1.0 Singapore cent a share, following an interim payout of 2.5 cents in February; the two distributions bring total FY2026 dividends to S$14.5 million, or about 65% of annual earnings, well above the company’s minimum 30% payout commitment.

Management attributed the earnings jump to the completion of several projects booked at stronger margins as well as disciplined cost control. Administrative and general expenses rose to S$8.5 million from S$6.2 million, reflecting higher payroll and listing-related costs, but these were more than offset by operating leverage. LCC ended June with S$33.6 million in cash and minimal borrowings after paying S$14.8 million in dividends and raising S$11.4 million in gross proceeds from a share placement.

The group’s order book stood at about S$141.7 million at the date of the announcement, underpinned by contracts such as the S$31.9 million redevelopment of the Registries of Civil and Muslim Marriages Building, the S$31.5 million Orchard Road Presbyterian Church project and the S$21.7 million Covenant Evangelical Free Church mandate. In July it added a S$32.9 million job for architectural works at Teck Ghee Station on the North–South Corridor, extending revenue visibility into FY2029.

During the year the company moved from the Catalist to the SGX Mainboard, was included in the MSCI Global Micro Cap – Singapore Index, completed a S$11.4 million private placement at S$0.759 a share and executed a one-for-one bonus issue that doubled its share capital to 660 million shares. Its Malaysian subsidiary also secured a CIDB unlimited tender qualification, positioning the group to bid for larger interior fit-out and refurbishment projects across the border.

Managing director Lim Thiam Hooi said the maiden year as a listed entity was “defining” for LCC, noting that the firm’s enhanced profitability, Mainboard upgrade and expanding order book underscore its growth prospects. He added that the company will focus on disciplined bidding, cost control and regional expansion to sustain earnings momentum despite industry headwinds such as elevated construction costs and labour constraints. The group expects renovation and conservation demand in Singapore to remain resilient, supported by the Urban Redevelopment Authority’s push for adaptive reuse of heritage buildings and the Building and Construction Authority’s forecast for steady annual construction demand of S$47-53 billion in 2026.