FBGL on Nasdaq

FBS Global Ltd

FBS Global Ltd is a general bldg contractors - residential bldgs company in the Cayman Islands.¹ Its shares trade on Nasdaq under the symbol FBGL.¹

Price unavailable

Last updated Oct 21, 2026.

Overview

$19.1MRevenue, fiscal 2025²

-$1.5MNet income, fiscal 2025²

Compare with OneConstruction Group Ltd, SPRINGVIEW HOLDINGS LTD or Xinyuan Real Estate, or pick any stock.

TickerFBGL on Nasdaq¹
IndustryGeneral Bldg Contractors - Residential Bldgs¹
HeadquartersE9¹
Incorporated inCayman Islands³
Business address74 Tagore Lane,, #02-00 Sindo Industrial, Singapore, U0 787498³
Filer categoryNon-accelerated filer, Emerging growth company³

See how the biggest companies compare on our leaderboards

Limited (“SEDL”), a wholly-owned subsidiary of the Company, and FBS Holdings Pte. Ltd., a wholly-owned subsidiary of SEDL.⁴ From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

10.2%Gross margin²

-7.5%Operating margin²

-7.9%Net margin²

84.3%Revenue growth, 2025²

-15.7%Return on equity²

0.00×Debt to equity²

-$3.1MFree cash flow²

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Revenue from construction contracts brought in 100% of the revenue FBS Global Ltd broke down this way in fiscal 2025.

Revenue from construction contracts25.8M SGD²100%up 86% from 2024
Sale of Construction Construction Materials51.7K SGD²0%up 3728% from 2024

Products and services by year

Products and services	2023	2024	2025
Revenue from construction contracts	21.8M SGD	13.8M SGD	25.8M SGD
Sale of Construction Construction Materials	4.7K SGD	1.4K SGD	51.7K SGD

Where the money goes

Where each dollar of revenue went, fiscal 2025

Cost of revenue

Cost of revenue90¢$17.2M
Research and development3¢$499.1K
Other costs8¢$1.4M

Out of $19.1M in revenue.² The company lost money this year.

Financial statements

Revenue⁵⁶²$19.1M in 2025+19% since 2023

Gross profit⁵⁶²$1.9M in 2025−1% since 2023

Operating income⁵⁶²-$1.4M in 2025+4215% since 2023

Net income⁶²-$1.5M in 2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Revenue	25.9M SGD	13.8M SGD	21.8M SGD
Cost of revenue	23.2M SGD	12.6M SGD	19.2M SGD
Gross profit	2.6M SGD	1.3M SGD	2.6M SGD
Provision for credit loss		154.1K SGD	399.3K SGD
General and administrative expenses	3.9M SGD	2.1M SGD	2.3M SGD
Research and development expenses	674.5K SGD
Total operating expenses	4.6M SGD	2.2M SGD	2.7M SGD
Income (loss) from operations	-1.9M SGD	-967.3K SGD	-44.8K SGD
Interest expenses, net	-14.5K SGD	-65.9K SGD	-77.1K SGD
Finance expense, net	-7.5K SGD	-4.3K SGD	-8.1K SGD
Other income	199.2K SGD	140.7K SGD	99.5K SGD
Foreign exchange (loss) gain, net	-282.4K SGD	46.9K SGD	-2.9K SGD
Total other income (expenditure), net	-105.2K SGD	117.3K SGD	11.4K SGD
(Loss) income before provision for income taxes	-2.0M SGD	-850.0K SGD	-33.3K SGD
Income tax benefit		35.6K SGD	38.0K SGD
Net income (loss)	-2.0M SGD	-814.4K SGD	4.7K SGD
Comprehensive income (loss)	-2.0M SGD	-814.4K SGD	4.7K SGD
Earnings per share - basic	-0.11 SGD	-0.07 SGD	0.00 SGD
Earnings per share - diluted	-0.15 SGD	-0.07 SGD	0.00 SGD
Weighted average shares outstanding, basic	13.4M shares	11.2M shares	11.2M shares
Weighted average shares outstanding, diluted	13.4M shares	11.2M shares	11.2M shares

Total assets⁵⁶²$20.6M in 2025+52% since 2023

Total liabilities⁵⁶²$11.0M in 2025+13% since 2023

Shareholders’ equity⁶²$9.6M in 2025+234% since 2021

Cash⁵⁶²$3.9M in 2025+19% since 2023

Long-term debt⁵⁶²$7.3K in 2025−99% since 2023

Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 6 quarters (quarterly), latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2022-07-31
Cash	4.0M SGD	3.0M SGD	4.5M SGD
Restricted cash	1.3M SGD
Accounts receivable, net	3.6M SGD	2.8M SGD
Contract assets	9.7M SGD	3.7M SGD
Income tax recoverable	232.9K SGD	230.8K SGD
Prepayments and other current assets	917.8K SGD	91.5K SGD
Total current assets	23.9M SGD	9.8M SGD
Property, plant and equipment	3.5M SGD	3.6M SGD
Deferred offering cost		1.3M SGD
Deffered Expenditure	127.4K SGD
Deferred tax assets, net	304.5K SGD	304.5K SGD
Right of use assets, net- related party		711.4K SGD
Total non-current assets	3.9M SGD	5.9M SGD
Total assets	27.8M SGD	15.7M SGD
Accounts payable	3.0M SGD	1.3M SGD
Contract liabilities	4.0M SGD	805.2K SGD
Current portion of bank borrowings	119.0K SGD	697.0K SGD
Dividend payable	5.8M SGD	5.8M SGD
Financing lease liabilities- current		11.1K SGD
Operating lease liabilities- current- related party		711.4K SGD
Accrued expenses and other current liabilities	1.7M SGD	1.2M SGD
Tax payable	107.2K SGD	203.5K SGD
Total current liabilities	14.9M SGD	11.3M SGD
Bank borrowings, non-current	9.8K SGD	129.2K SGD
Total non-current liabilities	9.8K SGD	129.2K SGD
Total liabilities	14.9M SGD	11.4M SGD
Ordinary shares, 500,000,000 shares authorized; US$0.001 par value, 11,250,000* shares issued and outstanding as of December 31, 2022 and 2023, respectively	18.2K SGD	15.2K SGD
Additional paid in capital	13.4M SGD	2.7M SGD
Retained earnings	-456.0K SGD	1.6M SGD
Total shareholders' equity	12.9M SGD	4.3M SGD	5.1M SGD	5.1M SGD
Total liabilities and shareholders' equity	27.8M SGD	15.7M SGD
Common stock, shares authorized	500.0M shares	500.0M shares
Common stock, par value	0.00 SGD	0.00 SGD			0.00 SGD
Common stock, shares issued	13.5M shares	11.2M shares			11.2M shares
Common stock, shares outstanding	13.5M shares	11.2M shares

Period ending	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2022-07-31	2022-02-28
Cash	4.0M SGD	3.0M SGD	4.5M SGD
Restricted cash	1.3M SGD
Accounts receivable, net	3.6M SGD	2.8M SGD
Contract assets	9.7M SGD	3.7M SGD
Income tax recoverable	232.9K SGD	230.8K SGD
Prepayments and other current assets	917.8K SGD	91.5K SGD
Total current assets	23.9M SGD	9.8M SGD
Property, plant and equipment	3.5M SGD	3.6M SGD
Deferred offering cost		1.3M SGD
Deffered Expenditure	127.4K SGD
Deferred tax assets, net	304.5K SGD	304.5K SGD
Right of use assets, net- related party		711.4K SGD
Total non-current assets	3.9M SGD	5.9M SGD
Total assets	27.8M SGD	15.7M SGD
Accounts payable	3.0M SGD	1.3M SGD
Contract liabilities	4.0M SGD	805.2K SGD
Current portion of bank borrowings	119.0K SGD	697.0K SGD
Dividend payable	5.8M SGD	5.8M SGD
Financing lease liabilities- current		11.1K SGD
Operating lease liabilities- current- related party		711.4K SGD
Accrued expenses and other current liabilities	1.7M SGD	1.2M SGD
Tax payable	107.2K SGD	203.5K SGD
Total current liabilities	14.9M SGD	11.3M SGD
Bank borrowings, non-current	9.8K SGD	129.2K SGD
Total non-current liabilities	9.8K SGD	129.2K SGD
Total liabilities	14.9M SGD	11.4M SGD
Ordinary shares, 500,000,000 shares authorized; US$0.001 par value, 11,250,000* shares issued and outstanding as of December 31, 2022 and 2023, respectively	18.2K SGD	15.2K SGD
Additional paid in capital	13.4M SGD	2.7M SGD
Retained earnings	-456.0K SGD	1.6M SGD
Total shareholders' equity	12.9M SGD	4.3M SGD	5.1M SGD	5.1M SGD
Total liabilities and shareholders' equity	27.8M SGD	15.7M SGD
Common stock, shares authorized	500.0M shares	500.0M shares				500.0M shares
Common stock, par value	0.00 SGD	0.00 SGD			0.00 SGD	0.00 SGD
Common stock, shares issued	13.5M shares	11.2M shares			11.2M shares
Common stock, shares outstanding	13.5M shares	11.2M shares

Cash from operations⁵⁶²-$3.0M in 2025

Capital spending⁵⁶²$58.5K in 2025+2327% since 2023

Free cash flow⁵⁶²-$3.1M in 2025

Every line of the cash flow as filed: the last 3 fiscal years, latest first.²

Period ending	2025-12-31	2024-12-31	2023-12-31
Net income (loss)	-2.0M SGD	-814.4K SGD	4.7K SGD
Provision for credit losses		154.1K SGD	399.3K SGD
Depreciation of property and equipment	165.6K SGD	170.3K SGD	161.7K SGD
Deferred tax expense (benefit)		-36.3K SGD	4.6K SGD
Amortization of right-of-use assets and interest of lease liabilities	720.0K SGD	720.0K SGD
Accounts receivable	-757.3K SGD	690.7K SGD	-115.7K SGD
Contract assets	-6.1M SGD	1.3M SGD	1.5M SGD
Income tax recoverable		-230.8K SGD
Prepayments and other current assets	-826.3K SGD	23.6K SGD	-3.1K SGD
Accounts payable	1.8M SGD	-1.2M SGD	399.8K SGD
Contract liabilities	3.2M SGD	-677.8K SGD	1.1M SGD
Taxes payable	-98.3K SGD	-103.8K SGD	110.7K SGD
Accrued expenses and other current liabilities	496.3K SGD	614.1K SGD	97.1K SGD
Net cash (used in) provided by operating activities	-4.1M SGD	-122.1K SGD	3.6M SGD
Purchase of property, plant and equipment	-79.0K SGD	-75.1K SGD	-3.3K SGD
Loan to related parties	-200 SGD		-1.1M SGD
Other receivable	-4.1M SGD
Collection from loans to related parties		212.8K SGD	887.2K SGD
Net cash (used in) provided by investing activities	-4.2M SGD	137.7K SGD	-246.1K SGD
Proceeds from bank borrowings		481.6K SGD	1.5M SGD
Repayment of bank borrowings	-697.3K SGD	-2.0M SGD	-2.0M SGD
Financing lease liabilities	-11.1K SGD	-16.7K SGD	-16.7K SGD
Proceeds from borrowings from related party	188.9K SGD	468.4K SGD	311.0K SGD
Repayment of borrowings from related party	-692.9K SGD	-28.9K SGD	-378.0K SGD
Net proceed from initial public offering	10.7M SGD
Deferred expenditure	-127.4K SGD
Payment for deferred offering cost	1.3M SGD	-425.0K SGD	-305.5K SGD
Net cash (used in)/from financing activities	10.6M SGD	-1.5M SGD	-895.3K SGD
Net changes in cash and restricted cash	2.3M SGD	-1.5M SGD	2.5M SGD
Cash paid for income tax	126.3K SGD	187.7K SGD	26.5K SGD
Cash paid for interest	14.5K SGD	65.9K SGD	75.3K SGD
Operating lease right-of-use assets obtained in exchange for operating lease liabilities		1.4M SGD

Compare FBS Global Ltd with another company

Corporate structure

FBS Global Ltd sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FBS Global Ltd

Poh Guan Ang Filed SCHEDULE 13G on FBS Global Ltd, latest May 14, 2025

FBS Global Ltd E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FBS Global Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Item	Latest	A year before	Change
Property and equipment, before depreciation	$4.5M² Dec 31, 2025	$4.5M⁶ Dec 31, 2024	0%
Accumulated depreciation	$1.9M² Dec 31, 2025	$1.8M⁶ Dec 31, 2024	+5.4%
Property and equipment, net	$2.6M² Dec 31, 2025	$2.7M⁶ Dec 31, 2024	−3.7%
Operating-lease assets (leased space)	$533.5K⁶ Dec 31, 2024

Leadership

Who has led FBS Global Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

Poh Guan Ang2026–now

Chief financial officer

Chong Ye Chew2026–now

Chief executive officerPoh Guan Ang Mar 18, 2026 to now⁷
Chief financial officerChong Ye Chew Mar 18, 2026 to now⁸

Board members and other officers (4)

Board memberChen Yung Kong Mar 18, 2026 to now⁹
Board memberPoh Guan Ang Mar 18, 2026 to now⁷
Board memberCharlie Yi Apr 10, 2026 to now¹⁰
Board memberPuay Khng Lee Apr 10, 2026 to now¹¹

Timeline

Mar 18, 2026New chief executive Poh Guan Ang becomes CEO⁷

Filings

99 filings to the SEC since October 2021: 3 annual reports, 6 insider forms, 1 large holders, 89 other. The latest 20:

Oct 13, 20266-K EDGAR
Oct 9, 20266-K EDGAR
Sep 24, 20266-K EDGAR
Sep 14, 20266-K EDGAR
Sep 1, 20266-K EDGAR
Aug 4, 2026144/A EDGAR
Jul 23, 2026144 EDGAR
Apr 30, 202620-F EDGAR
Apr 16, 20266-K EDGAR
Apr 10, 20263 EDGAR
Apr 10, 20263 EDGAR
Mar 18, 20263 EDGAR
Mar 18, 20263 EDGAR
Mar 18, 20263 EDGAR
Mar 18, 20263 EDGAR
Mar 12, 20266-K EDGAR
Mar 2, 20266-K EDGAR
Feb 27, 2026F-1/A EDGAR
Feb 26, 20266-K EDGAR
Nov 14, 20256-K EDGAR

The 99 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Poh Guan AngSCHEDULE 13G, 1 filing May 14, 2025¹²

SEC filer profile

How FBS Global Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

Name on EDGARFBS Global Ltd¹
CIK0001938534
Filer statusNon-accelerated filer an emerging growth company; a shell company⁴
Incorporated inCayman Islands⁴
Fiscal year endsDecember 31¹
Industry code (SIC)1520 General Bldg Contractors - Residential Bldgs¹
SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance¹
Business address74 Tagore Lane,, #02-00 Sindo Industrial, Singapore, U0 787498¹
Phone65 62857781¹
Shares outstanding13,500,000 shares as of Dec 31, 2025⁴
AuditorNLA DFK Assurance PAC, Singapore PCAOB ID 6889; it also attests to the company’s internal control over financial reporting⁴
On EDGAR sinceSep 13, 2022¹
Filings99 in all: CORRESP (21), F-1/A (16), 6-K (14), UPLOAD (12), 3 (6), F-1 (4), 20-F (3), DRS/A (3)¹
All 23 form types
EFFECT (3), DRSLTR (2), FWP (2), RW (2), 144 (1), 144/A (1), 424B3 (1), 424B4 (1), 8-A12B (1), 8-A12B/A (1), CERT (1), DRS (1), NT 20-F (1), POS AM (1), SCHEDULE 13G (1)
Latest filingsAnnual report (20-F) Apr 30, 2026

Securities registered for trading

Class	Symbol	Exchange
Ordinary shares, par value US$0.001 per share	FBGL	NASDAQ

From the cover page of the 20-F filed Apr 30, 2026 (Section 12(b) of the Exchange Act).⁴

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARFBS Global Ltd filings on SEC EDGAR
2
SEC EDGARFBS Global Ltd 10-K for fiscal 2025
3
SEC EDGARFBS Global Ltd filings on SEC EDGAR
4
SEC EDGARFBS Global Ltd annual report, Item 1 (Business)
5
SEC EDGARFBS Global Ltd 10-K for fiscal 2023
6
SEC EDGARFBS Global Ltd 10-K for fiscal 2024
7
SEC EDGARPoh Guan Ang, Chief executive officer
8
SEC EDGARChong Ye Chew, Chief financial officer
9
SEC EDGARChen Yung Kong, Board member
10
SEC EDGARCharlie Yi, Board member
11
SEC EDGARPuay Khng Lee, Board member
12
SEC EDGARPoh Guan Ang SCHEDULE 13G on FBS Global Ltd