NSL Ltd reported net profit attributable to shareholders of S$23.06 million for the 12 months ended Jun 30 2026, down 38 per cent year-on-year, as weaker contributions from its Environmental Services arm and lower one-off gains offset a stronger showing at the Precast & Prefabricated Bathroom Unit (PBU) division.

Basic and diluted earnings per share slipped to 6.17 cents from 9.96 cents a year earlier. The board has proposed a final cash dividend of 3 cents per share, on top of the 2-cent interim payment made on 18 Mar 2026, bringing the total fiscal-year payout to 5 cents. This compares with 4.5 cents for the previous 18-month period (3 cents interim and 1.5 cents final).

Group revenue fell 17 per cent to S$385.89 million on softer sales at the Environmental Services and PBU units over the longer comparative base year, which spanned 18 months. By segment, the Precast & PBU division remained the key driver with S$326.94 million in revenue (-7 per cent YoY) and pre-tax profit of S$45.81 million (+34 per cent) as higher volumes in Singapore offset project delays in Malaysia and Dubai. Environmental Services turnover halved to S$44.76 million and booked a pre-tax loss of S$10.99 million versus a S$7.29 million profit previously, hit by reduced industrial wastewater volumes and a S$6.5 million impairment on plant and equipment. The Chemicals division’s revenue slid to S$3.64 million (-45 per cent), but pre-tax profit improved to S$2.46 million after exiting its loss-making roadstone business.

Group profitability was weighed by lower other income and the absence of a S$5.4 million divestment gain that boosted the prior period. Finance costs fell 47 per cent to S$1.02 million following the full repayment of a bank loan in September 2024.

NSL said its order books in Singapore, Malaysia and Dubai should support a “satisfactory” performance at the precast operations over the next 12 months, although the Finnish PBU business will remain constrained by a subdued housing market. The Environmental Services arm faces “challenging” conditions and management will focus on lifting capacity utilisation at the industrial wastewater plant.

During the year the group expanded its footprint by raising its stake in Dubai Precast L.L.C. from 45 per cent to full ownership (completed post-balance-sheet on 6 Jul 2026) and completed the buy-out of minority shareholders in Malaysia’s Bold Hill Trading. Capital expenditure reached S$13.83 million, mainly for precast capacity in Malaysia, while net cash inflows totalled S$26.64 million, leaving cash and equivalents at S$153.23 million as of Jun 30 2026.