YY Group Holding Limited has secured a SGD 10.5 million credit facility from United Overseas Bank, backed by Enterprise Singapore, to support its manpower outsourcing and integrated facilities management businesses. The facility provides flexible working capital for ongoing operations and growth initiatives.
The financing is expected to cut YY Group’s annual finance costs by roughly 8%, improving cash‑flow efficiency as the company expands its on‑demand workforce platform and IFM services across Asia, Europe, Africa, Oceania and the Middle East. The drawdown structure allows the firm to access funds on an as‑needed basis, aligning liquidity with the timing of new contracts and expansion projects.
The new capital will accelerate technology investments, including AI‑driven staffing algorithms and robotic cleaning solutions, and support additional acquisitions and market entries. Management highlighted recent moves into the Netherlands in September 2025 and Egypt by July 2025, underscoring a strategy to become a global technology‑enabled platform for flexible labor and facility management.
YY Group’s financial performance has shown steady growth, with FY 2024 revenue of SGD 41.1 million and FY 2023 revenue of SGD 31.77 million. First‑half 2025 revenue rose 33.7% to SGD 47.6 million, while gross profit margins have hovered around 15 %. The new facility strengthens the company’s balance sheet and provides a cost‑effective source of capital to sustain that growth trajectory.
CEO Mike Fu said the partnership with UOB and Enterprise Singapore “reflects confidence in our business and marks a significant step forward in our growth journey.” He added that the facility “enhances the group’s cost of capital and financial flexibility, supporting growth initiatives and cash‑flow management.” The financing positions YY Group to scale its technology platform and expand its global footprint while maintaining disciplined cost management.
The credit facility also signals to investors that YY Group is proactively managing its capital structure, reducing reliance on higher‑cost debt and positioning itself for future acquisitions and technology development. The 8 % reduction in finance costs translates to significant savings over the life of the facility, freeing cash for strategic initiatives.
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