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FBGL Financials FBS Global Ltd

4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings, in SGD as reported — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 15.4% per year over the past 3 years.
  • Operating margin has contracted, at -7.5% in the latest year.

Financial health

  • The company holds more cash (SGD 5M) than total debt (SGD 128854).
  • Total debt has grown slower than revenue (-76.8% vs 15.4% per year).
  • Operating income covered interest expense -133.5× in the latest year, down from 0.9× 3 years ago.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 1.3 years of cash runway.
Revenue & net income
-SGD 2M SGD 12M SGD 26M SGD 0 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-8% 3% 13% 0% 2022 2023 2024 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-19% -9% 1% 0% 2022 2023 2024 2025
ROEROA
Free cash flow (CFO − capex)
-SGD 4M -SGD 280708 SGD 4M SGD 0 2022 2023 2024 2025
Free cash flow
Cash vs total debt
SGD 0 SGD 3M SGD 5M 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-SGD 4M SGD 3M SGD 11M SGD 0 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 SGD 26M -SGD 2M 10.2% -7.5% -15.7% -7.3% -SGD 4M SGD 128854 SGD 5M
2024 SGD 14M -SGD 814366 9.0% -7.0% -19.0% -5.2% -SGD 197210 SGD 843529 SGD 3M
2023 SGD 22M SGD 4685 12.1% -0.2% 0.1% 0.0% SGD 4M SGD 2M SGD 4M
2022 SGD 17M SGD 68627 13.0% 0.4% 1.3% 0.4% -SGD 537477 — SGD 2M

Valuation over time

How the market has priced FBGL against its own fundamentals since 2025-02 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 6.7 13.4 Feb '25 May '25 Aug '25 Nov '25 Feb '26 May '26 Aug '26 Nov '26
P/S

Frequently asked questions

Is FBGL growing its revenue and profit?

Over the past 3 years, FBS Global Ltd's revenue has grown 15.4% per year. These are computed facts, not advice.

How much debt does FBGL have?

As of FY2025, FBS Global Ltd reported SGD 128854 of total debt against SGD 5M of cash; operating income covered interest expense -133.5×.

What is FBGL's profit margin?

In FY2025, gross margin was 10.2%, operating margin -7.5%, and net margin -7.9%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — its annual and interim reports, in SGD as reported (valuation multiples convert at the Federal Reserve H.10 rate of each date, via FRED) (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (annual and interim filings, reported in SGD) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · FX: Federal Reserve H.10 via FRED (DEXSIUS; 1 SGD = 0.7827 USD on 2026-10-30), the rate of each date for the valuation history · This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis. · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.