YY Group Holding Limited announced a three‑year facility maintenance services agreement with a major international bank headquartered in Singapore. The contract will see YY Group deliver cleaning operations, building maintenance support and integrated service coordination across the bank’s portfolio of facilities and operational sites in the city.
The agreement covers all of the bank’s Singapore‑based sites, including its headquarters, regional offices and retail branches. YY Group will manage day‑to‑day cleaning, routine maintenance, and the coordination of third‑party service providers, ensuring compliance with the bank’s stringent health, safety and regulatory standards.
This deal marks YY Group’s first entry into the banking and financial services sector, expanding a client base that has traditionally focused on hospitality, retail and healthcare. In the first half of 2025, the company reported revenue of $29.4 million, up 53 % year‑over‑year, and a gross profit of $4.6 million, reflecting a 15.5 % gross margin. The new contract is expected to add a stable, recurring revenue stream that will support the company’s broader diversification strategy.
“Partnering with a major international bank is an important step in our growth journey,” said CEO Mike Fu. “Their confidence in YY Group’s services affirms the strength of our operating model and our ability to meet the rigorous standards of the financial services sector. This milestone also advances our revenue and sector diversification strategy, supporting long‑term revenue stability and opening new growth pathways.”
Financial terms of the contract were not disclosed, but the multi‑year nature of the agreement is expected to contribute significantly to YY Group’s recurring service revenues. The deal underscores the company’s technology‑enabled platform, which integrates digital tools and IoT‑driven systems to deliver efficient, scalable facility management solutions.
The integrated facility management market in Singapore is projected to reach US$4.25 billion by 2030, and YY Group’s recent acquisitions—such as PFS, Uniforce Security and Pest Fighter Management—have broadened its service portfolio. By securing a high‑profile banking client, YY Group strengthens its competitive position and demonstrates its ability to win contracts in highly regulated, high‑trust sectors.
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