5 Small and Mid-Cap Singapore Stocks That Grew Their Revenue and Profits

Tue, 26 Aug 2025, 7:30 pm 5 min read

Most investors focus their attention on the blue-chip and REIT space as these sectors contain large, well-known businesses.

While this approach is sound, these investors may also miss out on gems in the small and mid-cap space.

Such companies may be smaller in size, but could also display healthy growth that will cause their share prices to appreciate over the long term.

We shine the spotlight on five small and mid-sized companies that grew both their revenue and earnings during the recent earnings season.

First Resources is a leading palm oil producer that manages over 260,000 hectares of oil palm plantations across Indonesia.

The group’s principal activities include the cultivation, harvesting, and sale of crude palm oil (CPO) and palm kernel (PK).

For the first half of 2025 (1H 2025), sales jumped 47.4% year on year to US$673.9 million.

This growth was supported by higher average selling prices and stronger sales volumes.

Gross profit climbed 50.4% year on year to US$280.9 million, and underlying net profit soared 67.8% year on year to US$152 million.

The CPO producer declared an interim dividend of S$0.045, 28.6% higher than the S$0.035 paid out a year ago.

First Resources also enjoyed contributions from its acquisition of PT Austindo Nusantara Jaya (ANJ) in May 2025.

Looking ahead, management expects seasonally higher output in 2H 2025.

The integration of ANJ should also add to the group’s total volume, allowing it to report a better financial performance.

Frencken is a technology solutions company that serves customers in the aerospace, analytical life sciences, healthcare, industrial, and semiconductor sectors.

The group has 19 operating sites and employs more than 3,600 staff.

For 1H 2025, revenue rose 15.7% year on year to S$431.4 million, while gross profit increased by 10.2% year on year to S$60.9 million.

Net profit increased by 9.9% year on year to S$19.9 million.

Free cash flow soared more than sixfold year on year from S$2.3 million to S$15 million.

For 2H 2025, the group expects revenue to be stable compared with 1H 2025.

Management intends to look for opportunities to execute its strategic initiatives, including the development of larger and improved manufacturing facilities in the US and Singapore.

Just last week, Frencken broke ground on its new facility in Kaki Bukit Avenue 5 in Singapore.

This larger and improved facility will help to expand and consolidate the group’s Mechatronics division.

Construction will commence in the third quarter of 2025 (3Q 2025) and be completed by 1Q 2027, and the new facility will be 1.4 times the size of Frencken’s current combined operations.