NASDAQ : FBGL
FBS Global Limited — Financial statements
Industrials · Engineering & Construction · Singapore
Last price 2.1409 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 2.89M
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Financial statements
FBS Global Limited (FBGL) reported revenue of 25.86M SGD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 25.86M | 25.86M | 13.85M | 21.81M | 16.82M | 22.74M |
| Cost of Revenue | 23.23M | 23.23M | 12.60M | 19.17M | 14.64M | 18.89M |
| Gross Profit | 2.63M | 2.63M | 1.25M | 2.64M | 2.18M | 3.84M |
| Selling, General & Admin | 3.88M | 3.88M | 2.06M | 2.29M | 2.09M | 1.51M |
| Research & Development | 674.50K | 674.50K | ||||
| Operating Expenses | 4.56M | 4.56M | 2.22M | 2.69M | 2.11M | 2.11M |
| Operating Income | -1.93M | -1.93M | -967.33K | -44.75K | 74.50K | 1.73M |
| Interest Expense | -14.46K | -14.46K | -65.92K | -77.10K | -83.28K | -85.37K |
| Currency Exchange Gain (Loss) | -282.44K | -282.44K | 46.86K | -2.91K | 4.51K | 103.70K |
| Other Non Operating Income (Expenses) | 191.70K | 191.70K | 136.38K | 91.45K | 215.18K | 259.86K |
| EBT Excluding Unusual Items | -2.04M | -2.04M | -850.00K | -33.31K | 210.92K | 2.01M |
| Other Unusual Items | 133.15K | |||||
| Pretax Income | -2.04M | -2.04M | -850.00K | -33.31K | 210.92K | 2.14M |
| Income Tax Expense | -35.64K | -38.00K | 142.29K | 364.13K | ||
| Net Income | -2.04M | -2.04M | -814.37K | 4.68K | 68.63K | 1.78M |
| Net Income to Common | -2.04M | -2.04M | -814.37K | 4.68K | 68.63K | 1.78M |
| Shares Outstanding (Basic) | 1.34M | 1.34M | 1.12M | 1.12M | 1.12M | 1.12M |
| Shares Outstanding (Diluted) | 1.34M | 1.34M | 1.12M | 1.12M | 1.12M | 1.12M |
| EPS (Basic) | -1.52 | -1.52 | -0.72 | 0.00 | 0.06 | 1.58 |
| EPS (Diluted) | -1.52 | -1.52 | -0.72 | 0.00 | 0.06 | 1.58 |
| Free Cash Flow | -4.19M | -4.19M | -197.21K | 3.63M | -537.48K | -1.50M |
| Free Cash Flow Per Share | -3.13 | -3.13 | -0.17 | 3.23 | -0.48 | -1.33 |
| Gross Margin | 10.16% | 10.16% | 9.03% | 12.13% | 12.97% | 16.91% |
| Operating Margin | -7.47% | -7.47% | -6.99% | -0.21% | 0.44% | 7.61% |
| Profit Margin | -7.87% | -7.87% | -5.88% | 0.02% | 0.41% | 7.82% |
| Free Cash Flow Margin | -16.21% | -16.21% | -1.42% | 16.65% | -3.19% | -6.59% |
| EBITDA | -1.77M | -1.77M | -796.98K | 116.96K | 221.21K | 1.88M |
| EBITDA Margin | -6.83% | -6.83% | -5.75% | 0.54% | 1.31% | 8.28% |
| D&A For EBITDA | 165.64K | 165.64K | 170.34K | 161.71K | 146.71K | 152.03K |
| EBIT | -1.93M | -1.93M | -967.33K | -44.75K | 74.50K | 1.73M |
| EBIT Margin | -7.47% | -7.47% | -6.98% | -0.21% | 0.44% | 7.61% |
| Effective Tax Rate | 67.46% | 17.00% |
Balance sheet
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.04M | 4.04M | 2.98M | 4.48M | 1.89M | 3.56M |
| Cash & Short-Term Investments | 4.04M | 4.04M | 2.98M | 4.48M | 1.89M | 3.56M |
| Accounts Receivable | 13.31M | 13.31M | 6.49M | 8.64M | 10.44M | 11.28M |
| Other Receivables | 232.88K | 232.88K | 230.84K | 100.87K | ||
| Receivables | 13.55M | 13.55M | 6.72M | 8.85M | 10.44M | 11.38M |
| Prepaid Expenses | 808.45K | 808.45K | 29.67K | 36.92K | 20.29K | 23.59K |
| Restricted Cash | 1.28M | 1.28M | 100.00K | 107.88K | ||
| Other Current Assets | 4.22M | 4.22M | 91.81K | 108.16K | 91.73K | 28.16K |
| Total Current Assets | 23.89M | 23.89M | 9.83M | 13.48M | 12.54M | 15.10M |
| Property, Plant & Equipment | 3.51M | 3.51M | 4.31M | 3.69M | 3.85M | 3.83M |
| Long-Term Deferred Tax Assets | 304.48K | 304.48K | 304.48K | 268.21K | 272.78K | 273.86K |
| Long-Term Deferred Charges | 127.42K | 127.42K | 1.25M | 828.46K | 522.99K | |
| Total Assets | 27.84M | 27.84M | 15.69M | 18.27M | 17.19M | 19.21M |
| Accounts Payable | 3.04M | 3.04M | 1.27M | 2.48M | 2.08M | 1.28M |
| Accrued Expenses | 932.81K | 932.81K | 948.42K | 547.66K | 475.51K | 1.63M |
| Short-Term Debt | 18.77K | 18.77K | 522.85K | 83.39K | 150.43K | 542.18K |
| Current Portion of Long-Term Debt | 119.01K | 119.01K | 696.96K | 1.45M | 1.15M | 1.72M |
| Current Portion of Leases | 722.51K | 16.68K | 16.68K | 17.08K | ||
| Current Income Taxes Payable | 107.25K | 107.25K | 203.52K | 307.27K | 196.58K | 524.14K |
| Current Unearned Revenue | 4.04M | 4.04M | 805.16K | 1.48M | 425.33K | 804.10K |
| Other Current Liabilities | 6.63M | 6.63M | 6.12M | 5.91M | 5.88M | 6.28M |
| Total Current Liabilities | 14.89M | 14.89M | 11.28M | 12.27M | 10.38M | 12.79M |
| Long-Term Debt | 9.85K | 9.85K | 129.20K | 890.33K | 1.69M | 2.55M |
| Long-Term Leases | 11.12K | 27.80K | 44.48K | |||
| Total Liabilities | 14.90M | 14.90M | 11.41M | 13.17M | 12.10M | 15.38M |
| Common Stock | 18.24K | 18.24K | 15.20K | 15.20K | 15.20K | 15.20K |
| Additional Paid-In Capital | 13.38M | 13.38M | 2.68M | 2.68M | 2.68M | 1.48M |
| Retained Earnings | -456.00K | -456.00K | 1.58M | 2.39M | 2.39M | 2.32M |
| Shareholders' Equity | 12.94M | 12.94M | 4.28M | 5.09M | 5.09M | 3.82M |
| Total Liabilities & Equity | 27.84M | 27.84M | 15.69M | 18.27M | 17.19M | 19.21M |
| Total Debt | 147.63K | 147.63K | 2.07M | 2.45M | 3.04M | 4.87M |
| Net Cash (Debt) | 3.89M | 3.89M | 912.08K | 2.03M | -1.15M | -1.31M |
| Net Cash Per Share | 2.91 | 2.91 | 0.81 | 1.81 | -1.02 | -1.16 |
| Filing Date Shares Outstanding | 1.35M | 1.35M | 1.35M | 1.12M | 1.40M | 1.12M |
| Total Common Shares Outstanding | 1.35M | 1.35M | 1.12M | 1.12M | 1.12M | 1.12M |
| Working Capital | 9.01M | 9.01M | -1.46M | 1.21M | 2.17M | 2.31M |
| Book Value Per Share | 9.58 | 9.58 | 3.80 | 4.53 | 4.52 | 3.40 |
| Tangible Book Value | 12.94M | 12.94M | 4.28M | 5.09M | 5.09M | 3.82M |
| Tangible Book Value Per Share | 9.58 | 9.58 | 3.80 | 4.53 | 4.52 | 3.40 |
| Buildings | 5.12M | 5.12M | 5.12M | 5.12M | 5.12M | 5.12M |
| Machinery | 719.54K | 719.54K | 670.25K | 694.96K | 819.70K | 783.81K |
Cash flow statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -2.04M | -2.04M | -814.37K | 4.68K | 68.63K | 1.78M |
| Depreciation & Amortization | 877.02K | 877.02K | 866.08K | 161.71K | 146.71K | 152.03K |
| Provision & Write-off of Bad Debts | 154.08K | 399.28K | 17.27K | 599.71K | ||
| Other Operating Activities | 8.61K | 8.61K | -12.00K | 4.57K | 1.08K | -53.94K |
| Change in Accounts Receivable | -6.82M | -6.82M | 1.99M | 1.40M | 820.40K | -6.96M |
| Change in Accounts Payable | 1.78M | 1.78M | -1.22M | 399.84K | 802.00K | 352.27K |
| Change in Unearned Revenue | 3.23M | 3.23M | -677.79K | 1.06M | -378.77K | 671.50K |
| Change in Income Taxes | -98.31K | -98.31K | -334.59K | 110.69K | -327.56K | 722.53K |
| Change in Other Net Operating Assets | -1.05M | -1.05M | -82.29K | 94.10K | -1.58M | 1.27M |
| Operating Cash Flow | -4.11M | -4.11M | -122.07K | 3.63M | -435.24K | -1.47M |
| Capital Expenditures | -79.04K | -79.04K | -75.14K | -3.26K | -102.24K | -25.30K |
| Other Investing Activities | -4.08M | -4.08M | 212.79K | -242.79K | ||
| Investing Cash Flow | -4.16M | -4.16M | 137.66K | -246.05K | -102.24K | -25.30K |
| Short-Term Debt Issued | 188.86K | 188.86K | 468.39K | 311.01K | 278.00 | 12.58K |
| Long-Term Debt Issued | 481.62K | 1.51M | 1.14M | 1.58M | ||
| Total Debt Issued | 188.86K | 188.86K | 950.01K | 1.82M | 1.14M | 1.59M |
| Short-Term Debt Repaid | -692.93K | -692.93K | -28.93K | -378.05K | -383.59K | -40.62K |
| Long-Term Debt Repaid | -708.43K | -708.43K | -2.01M | -2.03M | -2.58M | -1.47M |
| Total Debt Repaid | -1.40M | -1.40M | -2.04M | -2.41M | -2.96M | -1.51M |
| Net Debt Issued (Repaid) | -1.21M | -1.21M | -1.09M | -589.79K | -1.82M | 79.91K |
| Issuance of Common Stock | 10.70M | 10.70M | 1.20M | |||
| Other Financing Activities | 1.13M | 1.13M | -424.99K | -305.47K | -522.99K | -1.30M |
| Financing Cash Flow | 10.61M | 10.61M | -1.51M | -895.26K | -1.14M | -1.22M |
| Net Cash Flow | 2.34M | 2.34M | -1.50M | 2.49M | -1.68M | -2.72M |
| Free Cash Flow | -4.19M | -4.19M | -197.21K | 3.63M | -537.48K | -1.50M |
| Free Cash Flow Margin | -16.21% | -16.21% | -1.42% | 16.65% | -3.19% | -6.59% |
| Free Cash Flow Per Share | -3.13 | -3.13 | -0.17 | 3.23 | -0.48 | -1.33 |
| Levered Free Cash Flow | -8.02M | -8.02M | 916.17K | 3.40M | -529.77K | -4.18M |
| Unlevered Free Cash Flow | -8.01M | -8.01M | 957.38K | 3.45M | -477.72K | -4.12M |
| Cash Interest Paid | 14.46K | 14.46K | 65.92K | 75.25K | 81.33K | 85.37K |
| Cash Income Tax Paid | 126.29K | 126.29K | 187.66K | 26.51K | 361.79K | 22.42K |
| Change in Working Capital | -2.96M | -2.96M | -315.86K | 3.06M | -668.92K | -3.95M |
Ratios
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.98M | 13.09M | ||||
| Enterprise Value | -41.27K | 8.22M | ||||
| Last Close Price | 2.21 | 9.70 | ||||
| PS Ratio | 0.15 | 0.65 | ||||
| PB Ratio | 0.30 | 1.30 | ||||
| P/TBV Ratio | 0.30 | 1.30 | ||||
| EV/Sales Ratio | 0.41 | |||||
| Debt / Equity Ratio | 0.01 | 0.01 | 0.48 | 0.48 | 0.60 | 1.27 |
| Debt / EBITDA Ratio | 20.94 | 13.74 | 2.59 | |||
| Debt / FCF Ratio | 0.68 | |||||
| Net Debt / Equity Ratio | -0.30 | -0.30 | -0.21 | -0.40 | 0.23 | 0.34 |
| Net Debt / EBITDA Ratio | 2.20 | 2.20 | 1.14 | -17.38 | 5.20 | 0.69 |
| Net Debt / FCF Ratio | 0.93 | 0.93 | 4.62 | -0.56 | -2.14 | -0.87 |
| Asset Turnover | 1.19 | 1.19 | 0.81 | 1.23 | 0.93 | 1.29 |
| Quick Ratio | 1.18 | 1.18 | 0.86 | 1.07 | 1.19 | 1.17 |
| Current Ratio | 1.60 | 1.60 | 0.87 | 1.10 | 1.21 | 1.18 |
| Return on Equity (ROE) | -23.65% | -23.65% | -17.37% | 0.09% | 1.54% | 66.28% |
| Return on Assets (ROA) | -5.54% | -5.54% | -3.56% | -0.16% | 0.26% | 6.13% |
| Return on Invested Capital (ROIC) | -21.34% | -31.10% | -30.09% | -0.96% | 0.43% | 28.02% |
| Return on Capital Employed (ROCE) | -14.90% | -14.90% | -21.90% | -0.70% | 1.10% | 27.00% |
| Earnings Yield | -53.56% | -12.10% | ||||
| FCF Yield | -109.83% | -24.90% | ||||
| Buyback Yield / Dilution | -18.87% | -18.87% |