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The latest announcement is out from Vicom Ltd ( (SG:WJP) ).
Vicom Ltd reported a resilient first-quarter performance for 2026, driven by sustained demand across its core testing and inspection services and contributions from the ERP 2.0 OBU installation project. While testing demand from the Oil & Gas sector softened in March due to Middle East tensions and ERP installation activities slowed as the project neared completion, the company’s diversification helped buffer these headwinds.
Revenue rose 11.5% year on year to $37.2 million, lifting operating profit by 33.7% to $12.1 million and pushing PATMI up 33.6% to $10.0 million despite higher staff costs and taxes. The balance sheet remained robust with $59.9 million in cash, rising non-current assets tied to ongoing projects such as Jalan Papan, and lower overall liabilities, supporting continued investment capacity and offering stakeholders confidence in the group’s financial strength and growth trajectory.
More about Vicom Ltd
Vicom Ltd operates in the testing and inspection services industry, providing vehicle inspection and technical testing services, including work for the Oil & Gas sector. The group also undertakes installation projects such as the ERP 2.0 On-Board Unit rollout, positioning it as a diversified provider of safety, compliance and infrastructure-related services in Singapore.
Average Trading Volume: 105,246
Technical Sentiment Signal: Buy
Current Market Cap: S$631.1M
See more data about WJP stock on TipRanks’ Stock Analysis page.