FBS Global went public in February 2025, raising $10.1 million in gross proceeds and beginning trading on Nasdaq Capital Market under the symbol FBGL. As a Singapore-based green building contractor and interior fit-out specialist, the company serves institutional, residential, commercial, industrial and public infrastructure projects with services including interior fit-out elements, built-in furniture, mechanical and electrical services, and sourcing of construction materials.
Cyborg Score Rationale
FBS Global received a Nasdaq deficiency notice in April 2026 for failing to meet the $1.00 minimum bid price requirement for continued listing. Net loss widened to S$2.04 million in FY 2025, a 150% deterioration from FY 2024. The company faces near-term compliance pressures and profitability challenges despite revenue growth.
Top Insights
FBS Global received a Nasdaq deficiency notice in April 2026 and has until October 12, 2026, to regain compliance by maintaining a minimum closing bid of $1.00 for ten consecutive business days
FY 2025 revenue grew 87% to S$25.9 million but net loss widened to S$2.04 million, reflecting growth-stage profitability challenges
The company secured exclusive international commercialization rights for green and intelligent building technologies
Notable completed projects include Marina One, Sengkapi General Hospital, Outram Community Hospital and South Beach Development in downtown Singapore
Named Competitors
Tiong Seng Holdings Limited — Construction and building services provider
Koon Holdings Limited — Building and construction services
Econ Corporation Limited — Interior fit-out and construction services
Recent Developments
(June 2026) Company continues trading on Nasdaq Capital Market despite April 2026 deficiency notice; has until October 12, 2026, to restore compliance
(April 2026) Received Nasdaq deficiency notice for failing to meet $1.00 minimum bid price requirement
(February 2025) Completed IPO on Nasdaq Capital Market, raising $10.1 million in gross proceeds
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