NSL (SGX:N02) Net Income: S$26.1 Mil (TTM As of Dec. 2025)


SGX:N02 NSL Ltd SGX:N02
44 GF Score
Price S$0.87
GF Value S$0.77
Valuation Modestly Overvalued
! 5 Warning Signs
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What is NSL Net Income?

NSL SGX:N02 44 Net Income is S$26.1 Mil as of Dec. 2025. GuruFocus rates SGX:N02 with a GF Score™ of 44/100 and a GF Value™ of S$0.77 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. NSL's Net Income for the six months ended in Dec. 2025 was S$10.2 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was S$26.1 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. NSL's Earnings per Share (Diluted) for the six months ended in Dec. 2025 was S$0.03.


NSL  (SGX:N02) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

NSL's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2025 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


NSL Net Income Related Terms


NSL Net Income Historical Data

* Premium members only.

The historical data trend for NSL's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NSL Net Income Chart

NSL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Jun25
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.90 10.70 -18.70 21.26 34.87

NSL Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -25.76 2.32 18.94 15.93 10.19
SGX:N02
44GF Score
NSL Ltd SGX:N02
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
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NSL Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

NSL's Net Income for the fiscal year that ended in Jun. 2025 is calculated as

Net Income(A: Jun. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=43.403+-7.571+0+-0.964
=34.9

NSL's Net Income for the quarter that ended in Dec. 2025 is calculated as

Net Income(Q: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=15.565+-5.308+0+-0.064
=10.2

Net Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$26.1 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of S$26.1 Mil mean?
NSL (SGX:N02) has a Net Income of S$26.1 Mil as of Dec. 2025. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on NSL and its competitors.
Is NSL's Net Income too high?
NSL's current Net Income is S$26.1 Mil. Overall, NSL has a GF Score™ of 44/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NSL's Net Income compare to CRH and VMC?
NSL's Net Income of S$26.1 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a Building Materials company?
A good Net Income depends on the Building Materials industry context. However, Net Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on NSL and its competitors. NSL's current Net Income is S$26.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NSL stock overvalued right now?
Based on GuruFocus' analysis, NSL (SGX:N02) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.77, compared to a current price of S$0.87 — trading 13% above its estimated fair value. The current Net Income is S$26.1 Mil. NSL's overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For NSL (SGX:N02), the current Net Income is S$26.1 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NSL (SGX:N02) Overvalued in 2026?

Based on GuruFocus' analysis, NSL stock appears to be overvalued. The current stock price of S$0.87 is trading 13% above its estimated GF Value™ of S$0.77. GuruFocus considers NSL to be Modestly Overvalued.

Key valuation signals for SGX:N02:

  • Net Income: S$26.1 Mil
  • GF Value™: S$0.77 vs. price of S$0.87 (13% above fair value)
  • GF Score™: 44/100 with 5 warning signs

No single metric tells the full story. See the SGX:N02 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NSL Business Description

Address 317 Outram Road, No. 03-02, Singapore, SGP, 169075
NSL Ltd is an investment holding company. It is engaged in the manufacturing and sale of building materials, recycled oil and other petroleum-related products, refractory materials, road stones, and the provision of environmental services and the sale of related products. The company's business operations are grouped into three main divisions: Precast and Prefabricated Bathroom Unit; Provision of Environmental Services and Chemicals. The precast and prefabricated bathroom unit segment generates more revenue than other segments. Business operations of the company are conducted in Singapore, Malaysia, China, the UAE, Finland, Germany, and other countries.
44GF Score

Get the complete analysis for SGX:N02

Net Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.87
Price
S$0.77
GF Value