FBGL
FBGL
FBS Global Limited Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2024 | $2.98M ▼ | $15.69M ▼ | $11.41M ▼ | $4.28M ▼ |
| Q2-2024 | $4.6M ▲ | $17.69M ▼ | $12.57M ▼ | $5.12M ▲ |
| Q4-2023 | $4.48M ▲ | $18.27M ▲ | $13.17M ▲ | $5.09M ▲ |
| Q2-2023 | $2.44M ▲ | $16.64M ▼ | $12.09M ▼ | $4.55M ▼ |
| Q4-2022 | $1.89M | $17.19M | $12.1M | $5.09M |
What's financially strong about this company?
The company has no goodwill or intangible asset risk, and it reduced its total debt significantly this quarter. Most assets are tangible and liquid, with a solid investment in property and equipment.
What are the financial risks or weaknesses?
Cash reserves are shrinking fast, and current assets are not enough to cover near-term bills. Equity and retained earnings are dropping, and the company is relying more on payables to suppliers.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|
5-Year Trend Analysis
A comprehensive look at FBS Global Limited Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Key positives include a relatively clean and de‑levered balance sheet, an established reputation in complex and sustainable construction projects, and demonstrated—though inconsistent—ability to generate strong revenue and cash in favorable periods. The company’s specialization in green building, end‑to‑end service capability, and experience with high‑spec institutional projects provide a differentiated niche within a large regional market.
Main concerns are the sharp recent deterioration in revenue and profitability, persistent pressure on operating margins, and weak short‑term liquidity. Cash flows are highly volatile, with the latest year showing substantial cash burn alongside debt repayment. The project‑based nature of the business, intense competition, and reliance on winning new green projects add further uncertainty. Innovation plans are still in their early stages and have not yet translated into stable financial performance.
The forward picture is mixed. Strategically, FBGL is aligned with powerful long‑term trends toward green and sustainable construction, supported by government targets and increasing client awareness. Financially, however, the company is entering this next phase from a position of weakness: lower revenue, negative earnings, and tighter liquidity. The medium‑term trajectory will largely depend on its ability to rebuild a robust order book of green projects, improve cost discipline, and turn its sustainability focus and planned innovation spending into more stable, higher‑quality earnings and cash flows.
About FBS Global Limited Ordinary Shares
https://www.fbsglobal.com.sgFBS Global Limited engages in providing construction and engineering services in Singapore. It undertakes interior fit-out works for institutional, residential, commercial, and industrial building projects. The company also supplies building materials and precast concrete components; recycles construction and industrial wastes; and offers pavement consultancy services.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2024 | $2.98M ▼ | $15.69M ▼ | $11.41M ▼ | $4.28M ▼ |
| Q2-2024 | $4.6M ▲ | $17.69M ▼ | $12.57M ▼ | $5.12M ▲ |
| Q4-2023 | $4.48M ▲ | $18.27M ▲ | $13.17M ▲ | $5.09M ▲ |
| Q2-2023 | $2.44M ▲ | $16.64M ▼ | $12.09M ▼ | $4.55M ▼ |
| Q4-2022 | $1.89M | $17.19M | $12.1M | $5.09M |
What's financially strong about this company?
The company has no goodwill or intangible asset risk, and it reduced its total debt significantly this quarter. Most assets are tangible and liquid, with a solid investment in property and equipment.
What are the financial risks or weaknesses?
Cash reserves are shrinking fast, and current assets are not enough to cover near-term bills. Equity and retained earnings are dropping, and the company is relying more on payables to suppliers.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|
5-Year Trend Analysis
A comprehensive look at FBS Global Limited Ordinary Shares's financial evolution and strategic trajectory over the past five years.
Key positives include a relatively clean and de‑levered balance sheet, an established reputation in complex and sustainable construction projects, and demonstrated—though inconsistent—ability to generate strong revenue and cash in favorable periods. The company’s specialization in green building, end‑to‑end service capability, and experience with high‑spec institutional projects provide a differentiated niche within a large regional market.
Main concerns are the sharp recent deterioration in revenue and profitability, persistent pressure on operating margins, and weak short‑term liquidity. Cash flows are highly volatile, with the latest year showing substantial cash burn alongside debt repayment. The project‑based nature of the business, intense competition, and reliance on winning new green projects add further uncertainty. Innovation plans are still in their early stages and have not yet translated into stable financial performance.
The forward picture is mixed. Strategically, FBGL is aligned with powerful long‑term trends toward green and sustainable construction, supported by government targets and increasing client awareness. Financially, however, the company is entering this next phase from a position of weakness: lower revenue, negative earnings, and tighter liquidity. The medium‑term trajectory will largely depend on its ability to rebuild a robust order book of green projects, improve cost discipline, and turn its sustainability focus and planned innovation spending into more stable, higher‑quality earnings and cash flows.
CEO
Poh Guan Ang