FBS Global (FBGL) lands S$104.8M in Singapore construction and retrofit work

Rhea-AI Filing Summary

FBS Global Limited reports that between September 2024 and February 2026 it was awarded eight construction-related contracts and sub-contracts in Singapore with an aggregate value of S$104,831,270. The work covers additions and alterations, renovations, new buildings, thermal insulation, drywall systems, ceilings, interior fit-outs, retrofits and workers’ dormitory facilities.

Four of these awards are government-related sub-contracts with a combined value of S$46,253,096, focused on specialized public infrastructure, including thermal insulation to slab soffits, lead-lined drywall partitions, false ceilings and large-scale retrofitting of public buildings and annex blocks. The company stresses that these contract amounts are not booked revenue and there is no assurance it will earn all or any of these sums; actual revenue will depend on successful performance and accounting recognition.

Insights

Construction sector equity analyst

FBS Global secures sizable Singapore contracts but revenue remains uncertain.

FBS Global Limited has been awarded eight Singapore construction and fit-out contracts totaling S$104,831,270, including four government-related sub-contracts worth S$46,253,096. The scope spans specialized works such as thermal insulation, lead-lined drywall and major retrofits, underscoring technical capabilities in public infrastructure projects.

The company explicitly notes that these contract sums are not yet revenue and there is no guarantee it will realize all or any of the amounts. Earnings impact hinges on successful execution, variation orders and timing of revenue recognition under applicable accounting standards. Future updates in filings will clarify how much of this pipeline converts into recognized revenue.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

Commission file number: 001-42508

FBS Global Limited

(Exact name of registrant as specified in its charter)

74 Tagore Lane, #02-00 Sindo Industrial Estate

Singapore 787498

Tel: +65 62857781

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Entry into Material Definitive Agreements

Between September 2024 and February 2026, FBS Global Limited (the “Company”) was awarded eight separate contracts and sub-contracts for various construction-related works in Singapore. The aggregate total contract and sub-contract value is S$104,831,270. The works generally comprise additions and alterations, renovations, new building erection, thermal insulation installation, drywall partition systems (including lead-lined variants), false ceiling works, interior design and fit-out elements, retrofitting of existing structures including new annex blocks, and ancillary workers’ dormitory facilities. Of these awards, four are sub-contracts where the Company was engaged by main contractors appointed by the Singapore government. These four government-related sub-contracts have a combined value of S$46,253,096 and involve specialized public infrastructure works including thermal insulation to slab soffits, drywall partitions with lead lining and false ceilings, and large-scale retrofitting of public buildings and annex blocks. These projects highlight the Company’s expertise in delivering high-specification construction services to the Singapore public sector.

Any reference in this Form 6-K to a “contract,” “contract sum,” or other amounts does not represent revenue or anticipated future revenue of the Company. No guarantee or representation is made that the Company will be entitled to all or any portion of such amounts. The Company is still in the process of performing these contracts, and there can be no assurance that the Company will be able to perform them in whole or in part. Actual revenue, if any, will depend on the Company’s performance under the relevant agreements and recognition in accordance with applicable accounting standards.

Forward-Looking Statements

Matters discussed in this report may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, other than statements of historical facts. The words “believe,” “anticipate,” “intends,” “estimate,” “potential,” “may,” “should,” “expect” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this report are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	FBS Global Limited
Date: February 26, 2026	By:	/s/ Ang Poh Guan
		Ang Poh Guan
		Executive Director and Chief Executive Officer

FAQ

What new contracts did FBGL secure according to the February 2026 6-K?

FBGL reports eight new contracts and sub-contracts in Singapore with aggregate value of S$104,831,270. They cover additions, renovations, new building erection, thermal insulation, drywall, ceilings, interior fit-outs, retrofits and workers’ dormitory facilities awarded between September 2024 and February 2026.

How much are FBS Global Limited’s government-related sub-contracts worth?

FBS Global’s filing states four government-related sub-contracts have a combined value of S$46,253,096. These involve specialized public infrastructure works, including thermal insulation to slab soffits, lead-lined drywall partitions, false ceilings and large-scale retrofitting of public buildings and annex blocks in Singapore.

Do the reported contract sums in FBGL’s 6-K represent guaranteed revenue?

No, the filing clarifies the contract sums do not represent revenue or guaranteed future revenue. The company notes there is no assurance it will receive all or any of these amounts; revenue depends on contract performance and accounting recognition rules.

What type of construction work is FBS Global Limited performing under these contracts?

The contracts cover a wide range of works, including additions and alterations, renovations, new building erection, thermal insulation installation, drywall partition systems with lead lining, false ceilings, interior design and fit-out, retrofitting of existing structures and ancillary workers’ dormitory facilities.

Why are FBS Global’s government-related projects highlighted in the 6-K filing?

The 6-K notes that four projects are government-related sub-contracts involving specialized public infrastructure. These projects highlight FBS Global’s expertise in delivering high-specification construction services to the Singapore public sector, particularly for complex insulation, lead-lined drywall and large-scale retrofit work.

What risks does FBGL mention regarding the new contract awards?

FBGL states there is no guarantee it will be entitled to all or any contract amounts. It cautions that performance is still ongoing, and actual revenue, if any, will depend on successfully fulfilling agreements and recognizing income under applicable accounting standards.