YYForce says Singapore and Malaysia demand lifted first-half revenue to US$32.7m
The Singapore-headquartered workforce and facility-management operator reported stronger outsourcing demand and new IFM contracts, while labour costs cut margin and it withdrew its full-year outlook.
YYForce said first-half revenue rose 26.8% year on year to US$32.66 million, with stronger customer demand in Singapore and Malaysia helping to lift its manpower-outsourcing business.
The Singapore-headquartered workforce-management and integrated-facility-management provider reported unaudited results for the six months ended 30 June on 24 September. Manpower-outsourcing revenue rose 62.4% to US$15.55 million, while IFM revenue increased 11.1% to US$16.06 million.
The company attributed the outsourcing increase primarily to customer demand in Singapore and Malaysia, alongside contributions from its Hong Kong and Thailand subsidiaries. It said IFM growth was supported by new contract wins, project renewals and full-period contributions from Property Facility Services and Uniforce Security Services, acquired in 2025.
The update supplies a more concrete read on the region’s labour-intensive services market than the company’s technology roadmap: YYForce reported 212 employers using its manpower services and 218 IFM customers at the period end. Its current revenue still came from workforce and facility-management businesses; the company said its AI, automation and robotics initiatives did not contribute materially during the first half.
Growth did not remove cost pressure. Gross margin fell to 10.1% from 16.6% a year earlier, which YYForce attributed principally to higher labour costs and casual-worker hourly wages rising faster than billing rates. The company said it is repricing contracts at renewal, renegotiating or exiting engagements that no longer cover their cost, and tightening scheduling to reduce unbilled hours.
Net loss narrowed 13.8% to US$7.06 million, while operating loss narrowed 32.2% to US$5.21 million. YYForce also withdrew its fiscal-2026 outlook, saying labour-cost pressure meant investors should no longer rely on the projections it issued in March.
For regional employers and facility operators, the release points to a near-term commercial test: service demand can grow rapidly, but pricing, scheduling and contract renewal discipline determine whether that growth improves margins.
Source: YYForce release via GlobeNewswire.
