HRnetGroup: The first dividend hike in four years
HRnetGroup’s board proposed a total dividend of S$0.042 per share for 2025, up from S$0.04. That breaks a four-year streak of holding the payout flat between 2021 and 2024. The numbers back it up. Net profit jumped 15% year on year (YoY) to S$51.2 million – notable given that management had flagged tariff-related risks to hiring plans earlier in the year. The Flexible Staffing (FS) division did the heavy lifting, with revenue rising 3.2% YoY to S$524.1 million. That’s nearly 90% of the group’s top line....Dividend growth tends to grab headlines when it comes from Singapore’s big banks or blue-chip REITs.
Smaller companies rarely get the same attention.
That’s a shame.
Three SGX-listed small caps – HRnetGroup (SGX: CHZ), Info-Tech Systems (SGX: I49), and Credit Bureau Asia (SGX: TCU) – all raised their dividends in 2025.
Each sits on a debt-free balance sheet.
And each generated enough free cash flow to comfortably fund its higher payout.
