YY Group Secures 3-Year Facility Maintenance Contract with a Major International Bank

Rhea-AI Summary

YY Group (NASDAQ: YYGH) announced a three-year facility maintenance services contract with a major international bank in Singapore, signed on December 1, 2025. The agreement expands YY Group's integrated facilities management (IFM) portfolio into the banking and financial services sector and is expected to increase the stability and visibility of its recurring service revenues. Under the engagement YY Group will deliver cleaning operations, building maintenance support, and integrated service coordination across the bank's Singapore facilities. The company has begun mobilizing dedicated teams and operational technologies to serve assigned sites as part of its strategy to diversify clients and scale long-term revenue streams.

Positive

• 3-year contract with a major international bank signed on December 1, 2025
• Entry into banking sector expands client diversification beyond hotels, malls, and hospitals
• Mobilization started with dedicated teams and operational technologies for assigned sites

Negative

• None.

Insights

Facilities & Revenue Integration Expert

Three-year IFM contract with a major bank strengthens recurring revenue and client diversification for YY Group.

YY Groupthree-year facility maintenance services contract announced on Dec 1, 2025 to provide cleaning, building maintenance support, and integrated service coordination across the bank's Singapore facilities. The agreement brings a new institutional client type to the company's existing portfolio of hotels, malls, hospitals, and offices, which can raise the profile and predictability of recurring service revenues.

The business impact depends on execution risk and contract scale. Successful mobilisation of dedicated teams and operational technologies can convert the contract into steady cash flow and referenceability in the financial sector; failures in delivery would reverse those benefits. Key dependencies include operational ramp-up, compliance with the bank's standards, and retention across the three-year term.

Watchable items in the near term include completion of mobilisation and any disclosed contract value or scope expansions; over the three-year term, monitor client retention and whether additional banking or institutional wins follow. These milestones will determine whether the contract meaningfully shifts YY Group's revenue mix and long-term recurring revenue stability.

New Partnership Broadens Client Base and Enhances Business Quality with Stable, Long-Term Revenue

SINGAPORE, Dec. 1, 2025 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced that it has signed a three-year facility maintenance services contract with a major international bank in Singapore. This multi-year agreement with a globally recognized financial services provider reinforces YY Group's leadership in Singapore's IFM industry while elevating the stability and visibility of its recurring service revenues.

The new contract also represents a major milestone in YY Group's growth and diversification strategy, marking its entry into the banking and financial services sector. With an existing IFM customer portfolio spanning hotels, shopping malls, hospitals, and commercial office buildings, this win further diversifies the Company's client and revenue base and increases its presence in Singapore's fast-growing commercial and institutional facilities markets. YY Group's integrated IFM service model enables clients to consolidate essential facility functions under a single provider, improving accountability, compliance, and operational cost efficiency.

Mike Fu, Group Chief Executive Officer of YY Group, commented, "Partnering with a major international bank is an important step in our growth journey. Their confidence in YY Group's services affirms the strength of our operating model and our ability to meet the rigorous standards of the financial services sector. This milestone also advances our revenue and sector diversification strategy, supporting long-term revenue stability and opening new growth pathways and opportunities for broadening service adoption. As our IFM business continues to scale, we remain committed to delivering the highest level of service excellence and creating long-term value for our stakeholders."

Under this engagement, YY Group will provide cleaning operations, building maintenance support, and integrated service coordination across the bank's portfolio of facilities and operational sites in Singapore. The Company has already begun mobilizing dedicated teams and operational technologies to ensure timely service and efficient workforce management at all assigned sites.

The addition of the bank portfolio further strengthens YY Group's position at the forefront of Singapore's high-potential IFM landscape. YY Group will continue pursuing opportunities in both established and emerging market segments as part of its broader strategy to diversify and scale across sectors, deepen client relationships, and build long-term recurring revenue streams.

About YY Holdings Limited

YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered, technology-enabled platform providing flexible, scalable workforce solutions and integrated facility management (IFM) services across Asia and beyond. The Group operates through two core verticals: on-demand staffing and IFM, delivering agile, reliable support to industries such as hospitality, logistics, retail, and healthcare.

Leveraging proprietary digital platforms and IoT-driven systems, YY Group enables clients to meet fluctuating labor demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Asia, Europe, Africa, Oceania and the Middle East.

Listed on the Nasdaq Capital Market, YY Group is committed to service excellence, operational innovation, and long-term value creation for clients and shareholders.

For more information on the Company, please visit https://yygroupholding.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality market, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "target," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.

Investor Contact
Jason Phua Zhi Yong, Chief Financial Officer
YY Group
enquiries@yygroupholding.com 

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SOURCE YY Group Holding Limited

FAQ

What did YYGH announce on December 1, 2025 regarding new contracts?

YYGH announced a three-year facility maintenance services contract with a major international bank in Singapore.

How will the YYGH contract with the bank affect its revenue profile?

The company said the contract should increase the stability and visibility of recurring service revenues by adding multi-year IFM work.

What services will YYGH provide under the Singapore bank contract (YYGH)?

YYGH will provide cleaning operations, building maintenance support, and integrated service coordination across the bank's portfolio in Singapore.

When will YYGH begin work under the three-year bank contract in Singapore?

YYGH has already begun mobilizing dedicated teams and operational technologies to serve assigned sites.

Does the YYGH announcement disclose the contract value or revenue impact?

No contract value or specific revenue figures were disclosed in the announcement.

What strategic benefit does the YYGH bank contract provide to investors?

The contract supports YYGH's strategy to diversify clients, scale IFM services, and build long-term recurring revenue streams.