ISOTeam Secures S\$26.6 Million in New Contracts, Bolstering Order Book to S\$176.2 Million

Key Highlights

• First major contract wins of 2026 total S\$26.6 million, boosting ISOTeam’s order book to approximately S\$176.2 million.
• Diverse projects awarded including Coating & Painting, Interior Design, Repairs & Redecoration, Addition & Alteration, Landscaping, Electrical Works, and Renewable Solutions.
• Positive outlook as Singapore construction demand remains robust, projected between S\$45.0 billion and S\$53.0 billion for 2026.

In-Depth Details of New Contract Wins

ISOTeam Ltd., a leading player in Singapore’s building maintenance and estate upgrading industry, has announced a substantial series of contract wins valued at approximately S\$26.6 million for the start of 2026. This fresh influx of contracts brings the company’s order book to a healthy S\$176.2 million, reflecting strong market momentum and the Group’s competitiveness in securing new business.

Breakdown of Major Contracts Secured

• Coating & Painting Projects:
  • Two projects at Changi East and Loyang Crescent, with a combined contract value of approximately S\$1.8 million.
  • Expected completion: July 2026.
• Interior Design Projects:
  • Three projects at Pasir Ris Link, Pagoda Street, and Rifle Range Road.
  • Total value: S\$0.6 million.
  • Expected completion: February 2026.
• Repairs & Redecoration Projects:
  • Four projects located at Boon Lay, Pioneer, Nanyang and Nee Soon Central Divisions, Sengkang East Way, Anchorvale Drive, and Bedok Central.
  • Total value: S\$13.4 million.
  • Expected completion: September 2027.
• Addition & Alteration Projects:
  • Two projects at Boon Lay Place and Fort Canning Park.
  • Total value: S\$6.5 million.
  • Expected completion: October 2027.
• Landscaping Projects:
  • Five projects across Cheng San-Seletar, Paya Lebar, Serangoon Divisions, Jurong East, and Changi Planning Areas.
  • Total value: S\$2.8 million.
  • Expected completion: March 2029.
• Electrical Work Project:
  • One project at Dover Crescent.
  • Value: S\$0.5 million.
  • Expected completion: January 2027.
• Renewable Solution Project:
  • One project valued at S\$1.0 million.
  • Expected completion: June 2026.

CEO’s Outlook and Industry Context

Mr. Anthony Koh, ISOTeam’s Group Executive Director and Chief Executive Officer, commented that the contract wins mark a “good start to the year” and reflect an acceleration in tender activities since the second half of the previous year. He expects this positive momentum to persist into 2026, supported by Singapore’s robust construction sector and ongoing public sector upgrading initiatives. These market conditions are anticipated to create more opportunities for ISOTeam, underpinning further growth prospects.

Why This Matters to Shareholders

• Significant order book growth strengthens the company’s revenue visibility and financial stability.
• Wider project mix demonstrates ISOTeam’s ability to secure and deliver a broad range of services across public and private sectors, reinforcing its competitive position.
• Strong sector outlook with Singapore’s construction demand projected at S\$45–53 billion for 2026, providing a supportive environment for continued contract wins.
• Potential price-sensitive information: The sizable contract wins and the resulting boost to the order book could positively influence investor sentiment and ISOTeam’s share price, especially if the company continues to secure contracts at this pace.

About ISOTeam Ltd.

Established in 1998 and listed on Catalist of the Singapore Exchange (SGX-ST) since 2013 (Ticker: 5WF), ISOTeam is a well-recognised, eco-conscious specialist in building maintenance, estate upgrading, Repairs & Redecoration (R&R), and Addition & Alteration (A&A) works. The company has completed over 950 projects for more than 7,700 buildings and provides specialist services including Coating & Painting, waterproofing, interior design, landscaping, mechanical & electrical works, vector control, and handyman services. Its major clients include town councils, government bodies, and private sector building owners.

Investor Considerations

• The S\$26.6 million in new contracts provides strong revenue visibility through 2029, with projects spanning both public and private sectors.
• ISOTeam’s diversified order book and established track record may enhance its competitive advantage and margin stability.
• The ongoing recovery and growth in Singapore’s construction sector could further drive ISOTeam’s contract wins, supporting long-term value creation for shareholders.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should do their own due diligence and consult with professional advisors before making investment decisions. The information presented here is based on public disclosures and may be subject to change.

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