Investor Relations
UPHOLDING GOOD INVESTOR RELATIONS
Worldwide and in Singapore, investors are getting more savvy and discerning. There is a rise in demand for listed companies to demonstrate greater transparency and improve corporate governance in their business activities. Investors look for distinct and precise disclosures. In response to this call, the Group seeks to provide its stakeholders with comprehensive and accurate information on its business and financial performance.
We are dedicated to ensuring that our investors have the latest information and are kept abreast of our strategic directions, business operations and market situation to assist them in making informed investment decisions. To achieve this goal, our organisation engages proactively and virtually, if need be, with our investors through various contact points. Our senior management and investor relations (IR) team make themselves accessible via various communication channels to the investment and financial community and the media.
Our guiding principle in relation to our shareholders is our pledge to maximising their return on investment while maintaining high-quality products and services. We are determined to grow long-term value for all our investors and stakeholders. We aim to develop a steadfast and sustainable company, shaping our future by enhancing our skillsets, experience and knowledge so as to fulfil our vision to be a leading transport infrastructure and civil engineering company in Singapore and overseas. Through consistent enhancements, we can achieve good business progress and deliver superior results to meet the expectations of our shareholders and investors.
To maintain our leadership position in the competitive environment, we actively monitor the external business and macroeconomic situation affecting our business and address issues strategically. We keep up to date on the best practices by setting up good management practices and efficient operational processes. We emphasise to all our employees the importance of delivering top-notch services, which exceed customers' expectations.
The Singapore Stock Exchange's 2026 Mini-guide for Audit and Remuneration Committees, Trust at the Core: Strengthening Governance in an Age of Complexity, highlights the concept of Trust 2.0 - a proactive, holistic approach to embedding integrity, accountability, and transparency throughout an organisation. At OKP, we are actively implementing these principles to strengthen our corporate governance framework and cultivate a culture of trust and accountability. By aligning our practices with these guidelines, we aim to reinforce investor confidence, promote transparency and support sustainable long-term value creation for all stakeholders.
We have been recognised for our sound investor relations efforts through the years. In 2025, we were the winner of the Most Transparent Company (Small Cap) at the Securities Investors Association (Singapore) (SIAS) Investors' Choice Awards.
ENSURING GOOD CORPORATE GOVERNANCE
As a listed company, OKP is dedicated to ensuring sound corporate governance, whereby we manage, direct and balance the interests of all our stakeholders, which include customers, workers, suppliers, business partners, investors and the public. We believe that good corporate governance is pivotal in drawing and keeping investors' confidence and backing as well as attracting new investors.
Our organisation is of the view that sound corporate governance is an essential pillar of our long-term strategy to deliver sustainable business success and excellent value. As we remain agile and adapt to market changes, we will continue to embrace the best corporate practices and principles in the way we operate, and remain committed to gaining trust with all stakeholders.
The Group fully supports the pledge towards board diversity, which was introduced for listed companies by the Singapore Institute of Directors and Singapore Exchange (SGX) in 2015. The pledge states: "We, as corporations, are committed to promoting diversity as a key attribute of a well-functioning and effective board. We believe that a diverse board will enhance decision making by harnessing the variety of skills, industry and business experiences, gender, age, ethnicity and culture, geographical background and nationalities, tenure of service, and other distinguishing qualities of the members of the board."
Within OKP, we have instituted processes to improve our corporate governance framework to deliver a culture of integrity, accountability and transparency, and reinforce management oversight.
One way we achieve this is by endorsing the criteria used to score the Singapore Governance and Transparency Index (SGTI), which is jointly conducted by CPA Australia, National University of Singapore Business School's Centre for Governance and Sustainability and the Singapore Institute of Directors.
Since 2017, the SGTI is a unified framework comprising two separate categories - the General Category, and the REIT and Business Trust Category. In 2024, the SGTI was re-introduced as a dynamic index designed to reflect continuous changes in sustainable corporate governance regulations and practices. The index placed greater emphasis on environment, social and governance (ESG), increasing both the number of sustainability-related questions and its overall weighting. Building on this foundation, SGTI 2025 further extended this framework by incorporating additional sustainability disclosures, including climate reporting.
For the 2025 rankings, researchers assessed the disclosures of 467 listed companies as well as 42 Reits and business trusts. These included their annual and sustainability reports, websites, SGX announcements, as well as media coverage related to these companies.
SGTI 2025 had a mean score of 70.9 points out of a maximum achievable score of 143 points. Using a fivepronged evaluation framework BREAD, the base score covers five dimensions: Board Responsibilities (35 points), Rights of Shareholders (10 points), ESG and Stakeholders (20 points), Accountability and Audit (10 points), and Disclosure and Transparency (25 points). The final score is derived from the base score and an adjustment for bonuses and penalties.
A Business Times online report on 14 August 2025 ranked OKP 122 in SGTI 2025's General Category with an overall score of 78.9 (including 13 bonus points). This was up from the 199th ranking in SGTI 2024 with a score of 71.
As a responsible company committed to solid corporate governance, we fully back the Corporate Governance Week 2025, which is organised annually by the SIAS. Its focus on building and implementing excellence in corporate governance echoes the way the company manages its business and how it communicates with its shareholders. Our representatives took part in the SIAS Corporate Governance Week Conference with the theme Creating Sustainable Value -- Building Corporate Culture & Governance for Long Term Success, which was held from 6-11 November 2025.
INVESTOR RELATIONS POLICY
Our organisation has a distinctive IR policy, which is to ensure objective, transparent and principled business dealings with all its stakeholders. We prioritise releasing appropriate and material information according to these basic principles and in accordance with the SGX's rules. We provide shareholders and other parties in the financial markets with the same information about matters that may influence our share price at the same time.
We have won numerous awards and accolades over the years, which is a testimony to our IR efforts and commitment to sound corporate governance. These include the following:
> Winner in the Most Transparent Company Award (Small Caps) at the SIAS Investors' Choice Award 2025;
> Runner-up in the Most Transparent Company Award in the Construction and Materials; and Mainboard Small Caps categories at the SIAS 16th Investors' Choice Awards 2015;
> Best Investor Relations Award (Gold) in the "Companies
with less than $300 million market capitalisation" category at Singapore Corporate Awards (SCA) 2015;
> Merit for the Singapore Corporate Governance Award under Mainboard Small Caps category; and runner-up for the Most Transparent Company Award in the Constructions and Materials category at SIAS 15th Investors' Choice Awards 2014;
> Best Investor Relations Awards (Bronze) in the "Companies with less than $300 million in market capitalisation" category at SCA 2013;
> Winner of the Most Transparent Company Award under Mainboard Small Caps category at SIAS 14th Investors' Choice Awards 2013;
> Winner of the Most Transparent Company Award under Mainboard Small Caps category at SIAS 13th Investors' Choice Awards 2012;
> Best Investor Relations Awards (Bronze) in the "Companies with less than $300 million in market capitalisation" category at SCA 2012;
> Best Investor Relations Award (Gold) in the "Companies with less than $300 million in market capitalisation" category at SCA 2009; and
> Best Investor Relations Award (Silver) in the Small Market Capitalisation category at SCA 2008.
DIVIDEND POLICY
The Group does not have a formal dividend policy. Several factors affect the form, frequency and amount of dividend payable on our shares. These include OKP's financial position, results of operations, capital needs, expansion plans, and what the Board of Directors deems appropriate.
To reward shareholders for their staunch backing, the Board has recommended a final dividend of 2.0 Singapore cents per share, comprising a final dividend of 0.7 Singapore cent per share and a special dividend of 1.3 Singapore cents per share.
This quantum of dividend has jumped by 40.0 per cent from $7.7 million a year ago to $10.7 million in FY2025. Based on OKP's share price of $0.73 (being closing price as at 31 December 2025, and adjusting for the bonus issue that was completed in February 2026 on the assumption that the bonus issue had been completed as at 31 December 2025), this translates to a dividend yield of 2.7 per cent.
ACTIVELY ENGAGING WITH SHAREHOLDERS
Today, the investment environment is very demanding, with the call for better corporate governance. As such, we are whole-heartedly aware of the importance of engaging and communicating effectively with all our stakeholders. Our goal is to foster frequent two-way investor communication by using various touchpoints with existing and potential investors, financial analysts and the media. These platforms include group briefings to analysts, media and investors; one-to-one meetings with shareholders and potential investors; annual general meetings; annual and sustainability reports; and corporate announcements and online communication via the investor relations section of our corporate website.
More details of our activities are as follows:
- ANNUAL GENERAL MEETING
An important conduit for the Group to interact with investors is the annual general meeting (AGM), which is held every April. Besides providing an opportunity for investors to raise any issue, the AGM also enables the Board of Directors and senior management team to brief shareholders on the company's latest developments. The AGM also offers an opportunity for shareholders to raise questions and vote on the resolutions being tabled. All Directors, including the Chairpersons of the Audit, Nominating and Remuneration Committees, are present to respond to questions from shareholders relating to the past, current and future directions of OKP's business, explain decisions made and address all concerns being brought up. - ANNOUNCEMENTS OF CORPORATE DEVELOPMENTS
As the Group aims for open, transparent and factual disclosure to assist investors in making informed decisions on investments, we prioritise sending out timely announcements on new contracts, strategic developments, financial results and other material information. To ensure fair and immediate dissemination of information, we post our announcements through the SGXNet website, press releases, email alerts and our investor-friendly website.
Our investor relations website is an important avenue through which we broadcast our news to the investment community. It is a resource for corporate, financial and stock information, and announcements of major business developments. The website also houses our half-yearly results and annual and sustainability reports.
Since 2003, our organisation has featured webcasts comprising videos of full-year results, messages and presentation slides, thus enabling those who could not be physically present at AGMs to be kept up-to-date of our latest financial and operational performance. All our announcements are posted quickly on our website, following its release to the SGX. Through this approach, all shareholders and investors are kept informed of our latest business developments at the same time and effectively. - ANALYST AND MEDIA BRIEFINGS
The Group organises a small group post-results briefing with analysts after the announcement of its full year financial results. This is hosted by the senior management team, which includes the Group Managing Director, an Executive Director and the Group Financial Controller. In addition to the briefing, the management team will also make themselves available to meet with analysts, fund managers and investors, to address their queries and provide clarifications on the Group's performance, operations and outlook. The Group also provides a video webcast on its full year financial results to ensure information is accessible to a wide base of investors.
Outside of the financial results announcement periods, the senior management team engages analysts, fund managers and investors to provide deeper insights into the OKP's business and strategic priorities. This is done through email, telephone, as well as one-on-one meetings. During the year, the Group met with research analysts from RHB, Lim & Tan Securities and SAC Capital, and also engaged with several fund managers and retail investors.
Where relevant opportunities arise, the Group participates in media interviews to provide shareholders and the public with a clearer understanding of its business and long-term direction.
During the year, Group received extensive media coverage, appearing in 78 media articles across a range of media platforms, including The Straits Times, The Business Times, Lianhe Zaobao, The Edge Singapore, Singapore Business Review, Investor-One, and DollarsAndSense.sg.
In FY2025, OKP's management team took part in several media interviews with top-tier media publications to discuss our organisation's business strategy, priorities and outlook. Three news reports were published. In March 2025, the Group was featured in SGX's 10 in 10 Market Dialogue series titled 10 in 10 with OKP Holdings - Charting Growth in Construction, which was also published in The Edge Singapore. In April 2025, our Group Managing Director Mr Or Toh Wat participated in a one-on-one interview with The Edge. This interview resulted in an article titled Gridlock to goldmine: OKP Holdings cashes in on road ruckuses, where he discussed the Group's transport infrastructure and civil engineering business. In February 2026, our Executive Director Mr Daniel Or also spoke to The Business Times to discuss OKP's strategies as well as opportunities and challenges he sees in the construction industry. The outcome was an article with the headline "OKP Holdings poised for Singapore construction boom".
Our Group Managing Director Mr Or Toh Wat's interview with Lianhe Zaobao was published on 17 June 2024 with the headline "胡'标控股以居安思危精神迎'新'". Our organisation was also mentioned in a CNA online write-up entitled Singapore employers to face higher costs, operational challenges in preparing for erratic weather on 2 October 2024.
The Group is covered by two research firms, Lim & Tan and Tickrs, both of which initiated coverage last year in April 2025 and July 2025 respectively. As at June 2025, Lim & Tan maintains a “BUY” rating on OKP Holdings with a target price of S$0.97. Tickrs also maintains a “BUY” rating on the Group with a target price of S$1.20 as at August 2025.
We view investors as key stakeholders of the Group and recognises that regular, transparent communication is essential for building trust and strengthening long-term relationships. Through consistent and purposeful engagement, we aim to enhance investors' understanding of our performance, strategic priorities and long-term growth prospects.
- ANNUAL AND SUSTAINABILITY REPORTS
Since FY2022, the Group has published two separate reports - an annual report and a sustainability report. These two reports enable investors and other stakeholders to have a more comprehensive overview of OKP's business, financial and sustainability performance. Both our annual and sustainability reports are a vital communication channel for stakeholders and other interested parties. Therefore, we put in a great deal of effort to make sure that the reports offer an accurate and thorough view of our activities during the year as well as our developments, policies and strategic direction in the future. The annual report, sustainability report and the notice of AGM are uploaded on SGXNet and the company's website at least 14 days before the annual general meeting.
Our efforts have paid off and our annual reports have won numerous awards, which included the following:
> Best Annual Report Award (Gold) in the “Companies with less than $300 million in market capitalisation” category at Singapore Corporate Awards (SCA) 2016, 2013 and 2010;
> Best Annual Report Award (Silver) in the “Companies with less than $300 million in market capitalisation” category at SCA 2009;
> Best Annual Report Award (Gold) for Sesdaq company at the Inaugural SCA 2006 for excellent standards of corporate disclosure; and
> Second runner-up at 30th Annual Report Awards 2004 in the Sesdaq-listed companies category organised by the Institute of Certified Public Accountants of Singapore, Investment Management Association of Singapore, Securities Investors Association (Singapore), Singapore Institute of Management, Singapore Institute of Directors, Singapore Exchange Limited and The Business Times. - COMMUNICATING ONLINE
With the Internet being so prevalent, it is now a necessity to use technology as a key and invaluable means to communicate with all our stakeholders. Thus, OKP makes full use of technology by conducting an annual webcast to communicate with our investors and taking questions online via an Online Management Question-and-Answer forum with investors through Shareinvestor.com.
We leveraged on digital conduits such as live webcasts and video conferencing to reach out to the investment community more effectively. Through these channels, all shareholders and other interested parties will be able to offer their feedback and queries to our management and be assured of appropriate responses. We also update our website on regularly to provide the latest information on our operations and corporate developments.
