Manpower & care services & guarding & security services.
Tigbur exited 2025 stronger on revenue, profit, and balance sheet, but most of the improvement came from higher activity volume and lower accounting noise rather than from a real step change in core margin.
Tigbur ended 2025 with real profit improvement, but reported operating-profit growth overstates the cleaner improvement in the underlying business. Part of the gap comes from lower goodwill impairment and a larger contribution from investment-property revaluation.
Tigbur ended 2025 with a strong balance sheet, but on a full cash-use view almost no real surplus was left after receivables, lease principal, dividends, and investment.
