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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
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.
The price-to-sales ratio has fallen from 12.5× (Feb '25) to 1.5× (Nov '26).
Price / sales (P/S)
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.