Lincotrade & Associates - SAC Capital 2025-11-12: Strong FY25 Performance With Margin Expansion

Lincotrade & Associates: Strong FY25 Performance With Margin Expansion

Published:
Lincotrade (SGX:BFT) | SGinvestors.io
  • Lincotrade & Associates Holdings Limited (SGX:BFT) is a Singapore-based interior fitting-out specialist with over 30 years of experience and an established track record in commercial, residential premises as well as showflats and sales galleries. The Group was listed on the SGX Catalist board in August 2022 following a reverse takeover of Fabchem China.
  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -

Lincotrade delivered a stellar financial performance in FY25.

  • Lincotrade’s FY25 revenue increased 8.5% y-o-y to S$73.6 million, while gross profit jumped 17.3% y-o-y to S$9.2 million, reflecting strong execution and margin improvements. The profit attributable to equity holders of the Company increased 11.5% y-o-y to S$2.6 million.
  • With a strategic focus in recent years on securing commercial projects, which generally have higher margins, the Group’s overall gross margin expanded from 11.6% in FY24 to 12.5% in FY25.
  • See Lincotrade's dividends. Proposed final dividend of 0.66 Singapore cents per share translates to a dividend payout of approximately 44% of net profit attributable to shareholders of the Company in FY25, exceeding its dividend policy to distribute at least 20%.

Lincotrade’s order book stood at S$68.9M.

  • Read more at SGinvestors.io.





Matthias Chan SAC Capital Research | Maorong Liu SAC Capital Research | https://www.saccapital.com.sg/ 2025-11-12



Read also SAC's most recent report:
2025-12-05 Lincotrade & Associates - Enhanced Revenue Visibility With Record Order Book.

Price targets by other brokers at Lincotrade Target Prices.

Listing of research reports at Lincotrade Analyst Reports.

Relevant links:
Lincotrade Share Price History,
Lincotrade Announcements,
Lincotrade Dividend Payout Dates & Corporate Actions,
Lincotrade News






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