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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

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

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
10M20M
20222025
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%
202220232025
ROE
FY2025 · ROE -23.6%
-10%-20%
202220232025
Three returns, three denominators.

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
2M3M-2M-3M
202220232025

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—not applicable◌not available in our data
FBGL, 4-year financial record
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 % — not applicable: no dividend————
ROE %−23.6−17.40.11.3
Shares out B0.010.010.010.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 1 failure in 20 reconciliationsAUDITED

Reconciled in 3 of the 4 fiscal years we could check. 30 checks were skipped: the balance sheet is not tagged before 2022. 15 checks were skipped: EPS is not tagged before 2022. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency1 failure
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

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