Global Resource Construction Ltd. Awarded AUD67 Million Building Works Contract for “Max Apartments” Project in Australia

Singapore, 30 April 2026 – Global Resource Construction Ltd. (“GRC” or the “Company”) has announced a significant development that could have a material impact on its future earnings and shareholder value. The Company’s subsidiary, GRC Buxton Pty Ltd, has secured a prestigious building works contract valued at approximately AUD67.0 million from Bazem Pty Ltd. This contract is a substantial addition to the Company’s project portfolio and represents a major milestone in its overseas expansion strategy.

Key Points for Investors

• Major Contract Win: GRC Buxton Pty Ltd will design and construct a high-profile residential development dubbed “Max Apartments” in Forest Hill, Victoria, Australia.
• Project Scope: The development consists of 115 apartments, distributed across a six-level and a five-level tower, both built above a two-level basement. The project also features an extensive landscaped common podium, catering to modern residential needs and enhancing community living.
• Contract Value: The contract is valued at approximately AUD67.0 million, which is a significant addition to the Company’s order book and may positively impact the Company’s financial performance.
• Construction Timeline: The project is scheduled to commence in the second quarter of 2026, with a construction period of 20 months. This means the project is expected to be completed by late 2027 or early 2028.
• Financial Impact: The contract is expected to contribute positively to both the net tangible assets and the earnings per share of Global Resource Construction Ltd. for the financial year ending 31 December 2026.
• No Conflict of Interest: According to the Board, none of the Directors or substantial shareholders has any direct or indirect interest in the contract, except through their ordinary shareholdings or board positions in the Company.

Implications for Shareholders

• Potential Share Price Catalyst: The award of this large-scale, overseas contract signals GRC’s growing reputation and capability in the international construction market, especially in Australia. Such wins can boost investor confidence and may result in upward movement in the Company’s share price.
• Revenue and Earnings Visibility: With a contract value of AUD67 million and a fixed construction period, shareholders can expect improved revenue visibility and potentially higher earnings for the FY2026 financial year.
• Strategic Growth: This project aligns with GRC’s strategy to expand its presence in high-potential markets, diversifying its revenue base and strengthening its brand as a global construction player.
• No Related Party Transactions: The absence of related party interests reduces governance risk and supports the integrity and transparency of the transaction.

Project Overview

The “Max Apartments” development is a residential project comprising 115 apartments across two towers (six and five levels, respectively), both positioned above a two-level basement. An extensive landscaped podium will provide shared amenities and green spaces, catering to the lifestyle needs of modern urban residents in the thriving Forest Hill area of Victoria.

The contract is targeted to commence in Q2 2026, with a total construction period of 20 months. The Company expects this project to have a meaningful impact on its financial metrics for the year ending 31 December 2026.

Conclusion

This contract win is a noteworthy achievement for Global Resource Construction Ltd. and is likely to be viewed positively by the market. The scale, location, and value of the project, together with its expected positive financial contribution, make this announcement potentially price sensitive and highly relevant for shareholders and prospective investors.

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 conduct their own due diligence and consult with financial advisors before making any investment decisions.

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