Ley Choon says FY2026 staff costs rise 20% as headcount climbs 15% for new projects

• Ley Choon addressed SIAS queries on FY2026 margin pressure, citing staff costs up 20% to SGD 52.5 million on revenue up 10.3%.
• Headcount rose about 15% for new project mobilisations, driving about 51% of the staff-cost increase; timing mismatch delayed related revenue recognition.
• Foreign worker levies, outsourced dormitory costs accounted for about 31% of the rise; wage increments contributed about 18%.
• Higher subcontracting costs tied to heavier work volume on one project, temporary reliance during contract ramp-up; not expected to persist.
• Board reviewing a structured forward-guidance framework for FY2026-27; workforce-related cost increases seen as “new normal,” fuel costs viewed as cyclical.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ley Choon Group Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 0RQGVTVY5FI759ZK) on July 24, 2026, and is solely responsible for the information contained therein.