Skip to content
MARKETS / NASDAQ / FBGL
NASDAQ · GENERAL BLDG CONTRACTORS - RESIDENTIAL BLDGS · SMALL CAP

FBS Global Ltd. FBGL

4 fiscal years on record · SGD · FY2025 reported · SEC filings only
SGD 25.9M
▲ 86.8% YoY
SGD -2.0M
SGD -4.2M
In brief

What this company does

Our Group is comprised of the Company, FBS Global Limited, its operating subsidiary Finebuild Systems Pte. Ltd. (“FBS SG”), which is held through Success Elite Developments Limited (“SEDL”), a wholly-owned subsidiary of the Company, and FBS Holdings Pte. Ltd., a wholly-owned subsidiary of SEDL. Our Company was incorporated in the Cayman Islands on March 10, 2022 under the Companies Act as an exempted company with limited liability. On August 2, 2022, under a group reorganization, our Company became the holding company of our group of companies comprised of Success Elite Developments Limited, a wholly-owned subsidiary, which in turn holds FBS SG, which is our operating company based out of Singapore, FBS Holdings and Bright Bless Developments Limited, a wholly-owned subsidiary. On February 7, 2025, we completed our initial public offering of 2,250,000 Ordinary Shares at a public offering price of US$4.50 per share. We are a Singapore based green building contractor and an established interior fit-out specialist with a track record of over 20 years in institutional, residential, commercial and industrial building projects. We also try to recommend and introduce green features to the buildings we construct.

Written from the business description in FBS Global Ltd's annual report to the U.S. Securities and Exchange Commission, filed 30 April 2026. Every sentence was checked against that document before publication.

Growth
SGD 25.9M
Revenue, FY2025 · full 4-year series below
Revenue SGD M Net income SGD M
FY2025 · Revenue 25.9 · Net income -2.0
10M20M2022202320242025
Compound annual growth
+15.4%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−8 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -7.5% · Net -7.9%
-2%-4%-6%2022202320242025
ROE
FY2025 · ROE -23.6%
-10%-20%2022202320242025

Each SGD of equity lost 24 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow SGD M
FY2025 · FCF -4.2
2M-2M-4M2022202320242025

Total assetsSGD 27.8M
EquitySGD 12.9M
CashSGD 5.3M
Gross debtSGD 131,306.00
Net debtSGD -5.2M
Current ratio1.60×

The company holds more cash than debt.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · SGD
row low → row highnegative
Metric 2025202420232022
Revenue SGD B0.00.00.00.0
Operating income SGD B−0.0−0.0−0.00.0
EBITDA SGD B−0.0−0.00.00.0
Income tax SGD B·−0.0−0.00.0
Net income SGD B−0.0−0.00.00.0
Free cash flow SGD B−0.0−0.00.0−0.0
EPS, diluted SGD −0.15−0.070.000.01
Dividend / sh SGD ····
Payout %····
ROE %−23.6−17.40.11.3
Shares out B0.010.010.010.01

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 1 failures in 20 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 75 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente1 failures
ActivityGeneral Bldg Contractors - Residential Bldgs
Listed onNASDAQ
Incorporated inoutside the United States — SEC code E9
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

Share this section

Download image