diff --git a/callbacks.go b/callbacks.go
index 2a296d0..6096a26 100644
--- a/callbacks.go
+++ b/callbacks.go
@@ -6,10 +6,59 @@ import (
 	"strings"
 )
 
+// binding is a single binding registered with Kong.
+type binding struct {
+	// fn is a function that returns a value of the target type.
+	fn reflect.Value
+
+	// val is a value of the target type.
+	// Must be set if done and singleton are true.
+	val reflect.Value
+
+	// singleton indicates whether the binding is a singleton.
+	// If true, the binding will be resolved once and cached.
+	singleton bool
+
+	// done indicates whether a singleton binding has been resolved.
+	// If singleton is false, this field is ignored.
+	done bool
+}
+
+// newValueBinding builds a binding with an already resolved value.
+func newValueBinding(v reflect.Value) *binding {
+	return &binding{val: v, done: true, singleton: true}
+}
+
+// newFunctionBinding builds a binding with a function
+// that will return a value of the target type.
+//
+// The function signature must be func(...) (T, error) or func(...) T
+// where parameters are recursively resolved.
+func newFunctionBinding(f reflect.Value, singleton bool) *binding {
+	return &binding{fn: f, singleton: singleton}
+}
+
+// Get returns the pre-resolved value for the binding,
+// or false if the binding is not resolved.
+func (b *binding) Get() (v reflect.Value, ok bool) {
+	return b.val, b.done
+}
+
+// Set sets the value of the binding to the given value,
+// marking it as resolved.
+//
+// If the binding is not a singleton, this method does nothing.
+func (b *binding) Set(v reflect.Value) {
+	if b.singleton {
+		b.val = v
+		b.done = true
+	}
+}
+
 // A map of type to function that returns a value of that type.
 //
 // The function should have the signature func(...) (T, error). Arguments are recursively resolved.
-type bindings map[reflect.Type]any
+type bindings map[reflect.Type]*binding
 
 func (b bindings) String() string {
 	out := []string{}
@@ -21,17 +70,18 @@ func (b bindings) String() string {
 
 func (b bindings) add(values ...any) bindings {
 	for _, v := range values {
-		v := v
-		b[reflect.TypeOf(v)] = func() (any, error) { return v, nil }
+		val := reflect.ValueOf(v)
+		b[val.Type()] = newValueBinding(val)
 	}
 	return b
 }
 
 func (b bindings) addTo(impl, iface any) {
-	b[reflect.TypeOf(iface).Elem()] = func() (any, error) { return impl, nil }
+	val := reflect.ValueOf(impl)
+	b[reflect.TypeOf(iface).Elem()] = newValueBinding(val)
 }
 
-func (b bindings) addProvider(provider any) error {
+func (b bindings) addProvider(provider any, singleton bool) error {
 	pv := reflect.ValueOf(provider)
 	t := pv.Type()
 	if t.Kind() != reflect.Func {
@@ -47,7 +97,7 @@ func (b bindings) addProvider(provider any) error {
 		}
 	}
 	rt := pv.Type().Out(0)
-	b[rt] = provider
+	b[rt] = newFunctionBinding(pv, singleton)
 	return nil
 }
 
@@ -148,19 +198,29 @@ func callAnyFunction(f reflect.Value, bindings bindings) (out []any, err error)
 	t := f.Type()
 	for i := 0; i < t.NumIn(); i++ {
 		pt := t.In(i)
-		argf, ok := bindings[pt]
+		binding, ok := bindings[pt]
 		if !ok {
 			return nil, fmt.Errorf("couldn't find binding of type %s for parameter %d of %s(), use kong.Bind(%s)", pt, i, t, pt)
 		}
+
+		// Don't need to call the function if the value is already resolved.
+		if val, ok := binding.Get(); ok {
+			in = append(in, val)
+			continue
+		}
+
 		// Recursively resolve binding functions.
-		argv, err := callAnyFunction(reflect.ValueOf(argf), bindings)
+		argv, err := callAnyFunction(binding.fn, bindings)
 		if err != nil {
 			return nil, fmt.Errorf("%s: %w", pt, err)
 		}
 		if ferrv := reflect.ValueOf(argv[len(argv)-1]); ferrv.IsValid() && ferrv.Type().Implements(callbackReturnSignature) && !ferrv.IsNil() {
 			return nil, ferrv.Interface().(error) //nolint:forcetypeassert
 		}
-		in = append(in, reflect.ValueOf(argv[0]))
+
+		val := reflect.ValueOf(argv[0])
+		binding.Set(val)
+		in = append(in, val)
 	}
 	outv := f.Call(in)
 	out = make([]any, len(outv))
diff --git a/context.go b/context.go
index ebf4c31..7b1d482 100644
--- a/context.go
+++ b/context.go
@@ -120,10 +120,19 @@ func (c *Context) BindTo(impl, iface any) {
 // This is useful when the Run() function of different commands require different values that may
 // not all be initialisable from the main() function.
 //
-// "provider" must be a function with the signature func(...) (T, error) or func(...) T, where
-// ... will be recursively injected with bound values.
+// "provider" must be a function with the signature func(...) (T, error) or func(...) T,
+// where ... will be recursively injected with bound values.
 func (c *Context) BindToProvider(provider any) error {
-	return c.bindings.addProvider(provider)
+	return c.bindings.addProvider(provider, false /* singleton */)
+}
+
+// BindSingletonProvider allows binding of provider functions.
+// The provider will be called once and the result cached.
+//
+// "provider" must be a function with the signature func(...) (T, error) or func(...) T,
+// where ... will be recursively injected with bound values.
+func (c *Context) BindSingletonProvider(provider any) error {
+	return c.bindings.addProvider(provider, true /* singleton */)
 }
 
 // Value returns the value for a particular path element.
@@ -792,7 +801,7 @@ func (c *Context) RunNode(node *Node, binds ...any) (err error) {
 					methodt := t.Method(i)
 					if strings.HasPrefix(methodt.Name, "Provide") {
 						method := p.Method(i)
-						if err := methodBinds.addProvider(method.Interface()); err != nil {
+						if err := methodBinds.addProvider(method.Interface(), false /* singleton */); err != nil {
 							return fmt.Errorf("%s.%s: %w", t.Name(), methodt.Name, err)
 						}
 					}
diff --git a/options.go b/options.go
index 6263202..d20b2fb 100644
--- a/options.go
+++ b/options.go
@@ -210,15 +210,33 @@ func BindTo(impl, iface any) Option {
 
 // BindToProvider binds an injected value to a provider function.
 //
-// The provider function must have the signature:
+// The provider function must have one of the following signatures:
 //
-//	func() (any, error)
+//	func(...) (T, error)
+//	func(...) T
+//
+// Where arguments to the function are injected by Kong.
 //
 // This is useful when the Run() function of different commands require different values that may
 // not all be initialisable from the main() function.
 func BindToProvider(provider any) Option {
 	return OptionFunc(func(k *Kong) error {
-		return k.bindings.addProvider(provider)
+		return k.bindings.addProvider(provider, false /* singleton */)
+	})
+}
+
+// BindSingletonProvider binds an injected value to a provider function.
+// The provider function must have the signature:
+//
+//	func(...) (T, error)
+//	func(...) T
+//
+// Unlike [BindToProvider], the provider function will only be called
+// at most once, and the result will be cached and reused
+// across multiple recipients of the injected value.
+func BindSingletonProvider(provider any) Option {
+	return OptionFunc(func(k *Kong) error {
+		return k.bindings.addProvider(provider, true /* singleton */)
 	})
 }
 
diff --git a/options_test.go b/options_test.go
index e549475..791cb64 100644
--- a/options_test.go
+++ b/options_test.go
@@ -119,6 +119,43 @@ func TestBindToProvider(t *testing.T) {
 	assert.True(t, cli.Called)
 }
 
+func TestBindSingletonProvider(t *testing.T) {
+	type (
+		Connection struct{}
+		ClientA    struct{ conn *Connection }
+		ClientB    struct{ conn *Connection }
+	)
+
+	var numConnections int
+	newConnection := func() *Connection {
+		numConnections++
+		return &Connection{}
+	}
+
+	var cli struct{}
+	app, err := New(&cli,
+		BindSingletonProvider(newConnection),
+		BindToProvider(func(conn *Connection) *ClientA {
+			return &ClientA{conn: conn}
+		}),
+		BindToProvider(func(conn *Connection) *ClientB {
+			return &ClientB{conn: conn}
+		}),
+	)
+	assert.NoError(t, err)
+
+	ctx, err := app.Parse([]string{})
+	assert.NoError(t, err)
+
+	_, err = ctx.Call(func(a *ClientA, b *ClientB) {
+		assert.NotZero(t, a.conn)
+		assert.NotZero(t, b.conn)
+
+		assert.Equal(t, 1, numConnections, "expected newConnection to be called only once")
+	})
+	assert.NoError(t, err)
+}
+
 func TestFlagNamer(t *testing.T) {
 	var cli struct {
 		SomeFlag string