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Producer Manufacturing

Hyflux Ltd.

Company Background

Hyflux ranks among the global leaders in water treatment. It has set up water recycling and desalination plants around the world. The business was founded by Olivia Lum, a former chemist at Glaxo Pharmaceutical, in 1989. Under the name Hydrochem, it started as a trading company that sold water systems in its home market of Singapore, along with Malaysia and Indonesia. Ten years later, it began manufacturing its own treatment membranes. Its seawater desalination plants play an integral role in the city-state, where fresh water is scarce.

Today, Lum owns about 30% of Hyflux's stock and holds the posts of executive chairman and group CEO. She remains the driving force behind the company's international expansion. In recent years, Hyflux has been exploring new markets in Latin America and Africa, aiming to build on its presence across Southeast Asia, China, India and the Middle East. In 2014, Hyflux partnered with Mexico's infrastructure bank, Banco Interacciones, to implement water and other projects there. Hyflux also formed a joint venture to develop water treatment plants in Nigeria.

Business Summary

Hyflux Ltd. is an investment holding company, which engages in providing water and energy solutions for communities and industries. It operates through the Municipal and Industrial business segments. The Municipal segment supplies a range of infrastructure solutions including water, power, and waste-to-energy to municipalities and governments. The Industrial segment offers liquid separation applications for industrial customers such as the pharmaceutical, biotechnology, food processing, and petrochemical oil-related industries. The company was founded by Ooi Lin Lum in 1989 and is headquartered in Singapore.

Financial Highlights

Dec 2017 SGDUSD
Gross Profit11.65M8.44M
Operating income-35.38M-25.63M
Income before tax-37.17M-26.93M
Net income-65.26M-47.27M
Diluted EPS-0.11-0.08
Dividends Per Share00
Total Assets3,653.22M2,733.63M
Total liabilities3,140.46M2,349.94M
Total equity487.21M364.57M
Operating cash flow-332.96M-241.19M
Currency in SGDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 535.79M 321.39M 445.24M 830.63M 353.62M
Gross Profit 177.10M 61.56M 136.81M 189.88M 11.65M
Operating income 98.11M 4.65M 60.26M 193.43M -35.38M
Income before tax 56.97M 64.37M 69.56M 145.66M -37.17M
Net income 44.02M 37.66M 26.80M 78.62M -65.26M
EBITDA 116.41M 25.35M 79.63M 211.43M -6.46M
Diluted EPS 0.02 0.01 0.00 0.06 -0.11
Dividends Per Share 0.02 0.02 0.01 0.00 0
Total Assets 2,396.50M 2,741.71M 3,040.07M 3,842.40M 3,653.22M
Total liabilities 1,510.21M 1,868.82M 2,197.14M 3,079.59M 3,140.46M
Total equity 882.57M 868.08M 829.54M 741.48M 487.21M
Operating cash flow -458.34M -267.83M -113.94M -372.08M -332.96M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 428.17M 253.66M 323.75M 601.62M 256.16M
Gross Profit 141.53M 48.59M 99.48M 137.53M 8.44M
Operating income 78.40M 3.67M 43.81M 140.10M -25.63M
Income before tax 45.53M 50.80M 50.58M 105.50M -26.93M
Net income 35.18M 29.73M 19.48M 56.94M -47.27M
EBITDA 93.03M 20.01M 57.90M 153.14M -4.68M
Diluted EPS 0.01 0.01 0.00 0.05 -0.08
Dividends Per Share 0.01 0.01 0.01 0.00 0
Total Assets 1,898.07M 2,069.06M 2,142.93M 2,659.65M 2,733.63M
Total liabilities 1,196.11M 1,410.32M 1,548.75M 2,131.65M 2,349.94M
Total equity 699.01M 655.10M 584.74M 513.24M 364.57M
Operating cash flow -366.28M -211.39M -82.85M -269.49M -241.19M

Valuation Measures

Dec 2017
Operating margin-10.00%
Profit margin-18.45%


  • Executive Chairman & Group Chief Executive Officer: Ooi Lin Lum
  • Group Executive Vice President-Operations: Cheow Teck Chang
  • Group Chief Financial Officer & Group EVP: Suat Wah Lim
  • Group Senior Vice President-Investment: Tien Liang Nah
  • Group Executive Vice President: Aik Hock Cheong


  • LUM OOI LIN /HYFLUX/ (30.9%)
  • Hyflux Ltd. (9.1%)
  • GOI SENG HUI (3.4%)
  • Calvert Research & Management (2.0%)
  • JGC Corp. (1.7%)
  • Dimensional Fund Advisors LP (1.6%)
  • The Vanguard Group, Inc. (1.3%)
  • ACTIAM NV (0.7%)
  • Norges Bank Investment Management (0.6%)

Contact Details

  • Website:
  • Address: Hyflux Innovation Centre, 80 Bendemeer Road, Singapore, 339949, Singapore
  • Phone: +65.6214.0777

Related Companies

  • Newspring Utility Pte Ltd.
  • Hyflux Utility WWTP (LP) Pte Ltd.
  • Hyflux Membrane Manufacturing (S) Pte Ltd.
  • Hydrochem Saudi Ltd.
  • Hyflux Asset Management Pte Ltd.
  • H. J. Technical Consultant Ltd.
  • H. J. Newspring Ltd.
  • Hyflux Consumer Products Pte Ltd.
  • Hyflux Filtech (Shanghai) Co. Ltd.
  • Hyflux Engineering Pte Ltd.
  • Lube Oil Re-refining Co. LLC
  • Spring China Utility Ltd. /5 Wastewater Treatment Plants/
  • Spring China Utility Ltd.
  • Hyflux CEPAration Technologies BV


  • Veolia Environnement SA
  • Shikun & Binui Ltd
Last Updated on 23 Oct, 2018

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