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ATTIKA GROUP LTD. — Capital/Financing Update 2025
Nov 23, 2025
67595_rns_2025-11-23_fe0139e0-ca1b-4ee3-8787-66c29432ed68.pdf
Capital/Financing Update
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ATTIKA GROUP LTD.
(Incorporated in the Republic of Singapore) (Company Registration Number: 202432308C)
FOR IMMEDIATE RELEASE
Attika Awarded Three Projects With A Combined Value
of S$26 Million
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Largest award is an interior fit-out services contract for a data centre in Singapore
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Second award is a clean-room contract for the automotive and industrial sector
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Contracts align with growth strategy to capture opportunities in high-specification projects with elevated entry barriers
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Received commendation from Fortis Construction recognising technical capabilities and operational excellence in complex data centre environments
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Third award is a 36-month term contract with NLB for libraries fit-out services
Singapore, 24 November, 2025 – Attika Group Ltd. (“ Attika ” or “ the Company ”, and together with its subsidiaries, “ the Group ”) is pleased to update that it has recently been awarded three projects with a combined value of S$26 million. The largest award is a contract to provide interior fit-out services for a data centre located in Singapore, representing close to 80% of the combined contract value. The Group has also secured a clean-room contract from a global company that designs and manufactures automotive propulsion systems and clean, efficient technology solutions for combustion, hybrid, and electric vehicles, while the third contract is an interior fit-out project under a term contract with the National Library Board ("NLB").
Strategic Expansion into High-Specification Sectors
The data centre contract award underscores Attika's successful execution of its growth strategy to expand into high-specification domains, particularly data centres and semiconductor clean rooms. These sectors present compelling long-term opportunities due to their stringent technical requirements and high barriers to entry, with contracts typically awarded to contractors who have demonstrated proven capabilities in similar complex environments.
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ATTIKA GROUP LTD.
(Incorporated in the Republic of Singapore) (Company Registration Number: 202432308C)
The second project involves reinforcement works for floor loading at a validation lab located at Ang Mo Kio Industrial Park 1. Scheduled for completion by 31 January 2026, this contract marks an important step in the Group's expansion into the clean-room space.
Both the data centre and clean-room projects align with Attika's strategic direction to capture a larger share of these markets, where demand is driven by Singapore's position as a regional technology hub and the ongoing expansion of advanced manufacturing capabilities.
The data centre sector in Singapore continues to expand significantly. Last month, the government announced plans to build a low-carbon data centre park on Jurong Island with up to 700 MW of capacity – its largest such facility. With 20 hectares of land set aside on Jurong Island for this development, the project could substantially increase Singapore's total data centre capacity, which currently stands at more than 1.4 gigawatts across over 70 data centres. This expanding infrastructure landscape reinforces the long-term growth potential for contractors with proven capabilities in this specialised sector.[1]
Industry Recognition Validates Capabilities
Meanwhile, the Group's capabilities in the data centre sector have been independently validated through a formal letter of appreciation from Fortis Construction Pte Ltd (“ Fortis Construction ”). The commendation recognises the contributions of Attika Interior + MEP Pte Ltd (“Attika Interior + MEP”), the Group’s subsidiary, as the interior fit-out trade partner on a recent data centre project.
In its letter, Fortis Construction highlighted Attika's "strong technical capabilities, professionalism, and a collaborative spirit," praising the team's "adaptive and solution-driven approach" and its ability to respond constructively to changes in design direction, timelines, and site conditions. The commendation noted Attika's "proactive coordination, open communication, and the quality of their workmanship," describing the Group as a "reliable and effective trade partner" with a "mature understanding of complex, high-specification environments."
1 Singapore to build 700MW data centre park on Jurong Island, pilot biomethane imports: Tan See Leng - The Business Times, 27 October 2025
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ATTIKA GROUP LTD.
(Incorporated in the Republic of Singapore) (Company Registration Number: 202432308C)
This independent endorsement serves as a strong reference for future tenders in the fast-growing data centre sector.
Strengthening Public Sector Presence
The Group is also preparing to commence its first interior fit-out project under a term contract secured with the NLB in late 2024. The contract appoints Attika Interior + MEP as the contractor for the provision of interior fitting-out services for NLB's libraries.
Running for an initial term of 36 months, with an option for the NLB to extend for two subsequent 12month periods, the contract is expected to generate steady workflow for the Group. Attika anticipates undertaking approximately one to two library upgrading projects for the NLB annually throughout the contract's duration, reinforcing the Group's position as a trusted partner for public sector refurbishment and upgrading works.
Commenting on these developments, Executive Chairman and Managing Director Steven Tan said: “ These contract wins mark an important milestone in Attika's strategic evolution. Our focus on data centres and clean rooms is deliberate – these are high-growth sectors with significant barriers to entry, where technical excellence and proven track records are essential. The commendation from Fortis Construction is particularly meaningful given their reputation for demanding standards, and it validates our capabilities in these complex environments. Together with our expanding partnership with the NLB, we are building a diversified foundation that positions Attika for sustained growth. We remain focused on delivering quality whilst strategically advancing our presence in sectors that will drive our long-term development. ”
The abovementioned contracts are not expected to have a material impact on the earnings per share and net tangible assets per share of the Group for the current financial year ending 31 December 2025.
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ATTIKA GROUP LTD.
(Incorporated in the Republic of Singapore) (Company Registration Number: 202432308C)
Investor Relatons and Media Contact:
Ms Emily Choo Email: [email protected] Mobile: +65 9734 6565
About Atka Group Ltd.
Listed on the Catalist Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) since 8 November 2024, Attika Group Ltd. (the "Company", together with its subsidiaries, the "Group") is a commercial interior decoration and Mechanical, Electrical, and Plumbing ("MEP") engineering company based in Singapore.
The Group delivers integrated solutions for commercial interior fit-out projects, covering design, production, construction, project management, and maintenance services. Operating its own carpentry workshop, Attika maintains an in-house team of full-time tradesmen, including carpenters, metalworkers, and MEP engineers, enabling efficient project delivery.
Attika holds nine workhead registrations with the Building and Construction Authority ("BCA"), serving both private and public sector clients across the following areas: Interior Decoration and Finishing Works (Grade L6), Electrical Engineering (Grade L5), and Air-Conditioning, Refrigeration, and Ventilation Works (Grade L4). The Group's L6 grading permits it to tender for public sector interior decoration projects without tendering or project value limits.
For more information, please visit htps://atka-interior.com/
Disclaimer
This press release contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company’s and the Group’s control, which may cause actual results, performance, or achievements of the Company and the Group to be materially different from the results, performance, or expectations implied by these forward-looking statements.
This press release has been reviewed by the Company's sponsor, RHB Bank Berhad (the " Sponsor ") in accordance with Rule 226(2)(b) of the Catalist Rules.
This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (“ SGX-ST ”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.
The contact person for the Sponsor is Mr Alvin Soh, Head, Corporate Finance, RHB Bank Berhad, at 90 Cecil Street, #03-00 RHB Bank Building, Singapore 069531, Telephone: +65 6320 0627.
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