Link: https://links.sgx.com/1.0.0/corporate-announcements/MMALGWBX1L7M7U5Q/cda634fbe4862598f6a3a81cad2cd0d2e509d8a37c59d2db55682b79dc376731

Summary:

• Group revenue fell 9.7% year-on-year to S$71.0 million for 1H FY2026, driven mainly by softer freight and chemical logistics volumes in the freight and logistics segment.

• Gross profit declined 6.8% to S$22.5 million, as lower activity levels more than offset cost efficiencies and slightly reduced operating expenses.

• Net profit rose 34.9% to S$6.1 million, supported by higher finance income, lower finance costs, a S$0.7 million impairment reversal on associates, and a S$1.2 million profit contribution from associates.

• Earnings attributable to shareholders increased 56.4% to S$5.2 million, lifting basic EPS to 0.76 Singapore cents from 0.49 Singapore cents a year earlier.

• Total equity grew modestly to S$239.5 million, while net asset value per share edged up to 34.06 Singapore cents as at 31 October 2025.

• Operating cash flow remained strong with S$15.2 million generated in 1H FY2026, though overall cash outflows for investing and financing activities kept cash and cash equivalents broadly stable at about S$61.0 million.

• The Group signalled a cautious outlook amid ongoing global trade uncertainties and logistics sector volatility and did not declare an interim dividend to conserve working capital.