23 February 2026 | News
Image Courtesy: Public Domain
Primech Holdings Limited (Nasdaq: PMEC), an established technology-driven facility services provider serving public and private sectors primarily in Singapore, announced that its subsidiary Primech A & P Pte. Ltd. (“Primech A & P”) has secured and signed multiple major commercial contracts with a combined estimated value of approximately US$9.50 million.
Select contracts are expected to incorporate deployment of the Company’s HYTRON AI-powered cleaning robotics platform, supporting operational efficiency improvements and reinforcing Primech’s strategy to integrate automation across its commercial services portfolio.
The newly secured commercial contracts include:
• Two-year agreement valued at approximately US$914,640 for cleaning services at a prominent office tower and podium
• Three-year agreement valued at approximately US$3,863,688 for comprehensive cleaning services across a major integrated commercial development
• One-year agreement valued at approximately US$4,724,060 covering cleaning, refuse disposal, and pest control services for a leading financial institution
Collectively, these contracts represent approximately US$9.50 million in secured commercial revenue. The mandates demonstrate Primech A & P’s ability to compete for and execute large-scale commercial contracts across diverse asset classes.
The combination of multi-year and high-value annual contracts enhances forward revenue visibility and strengthens the Group’s recurring income base, supporting greater earnings stability and operational leverage.
These contract awards reflect continued trust and confidence from major corporate clients in Primech A & P’s ability to meet the operational, compliance, and service requirements of large commercial and institutional properties.
The Company’s integrated service platform, spanning cleaning, waste management, and pest control, supports cross-device delivery within complex environments and strengths its competitive positioning in Singapore’s commercial facilities management market.
Primech A & P remains focused on disciplined growth through operational efficiency, workforce capability development, and continued integration of technology across its service platform.
The newly secured contracts strengthen the Company’s commercial portfolio, enhance earnings visibility, and support scalable expansion within Singapore’s facilities management sector, reinforcing Primech’s commitment to long-term shareholder value creation.
