Koda 1H2026 net profit nearly triples to US$1.2m on higher margins; NAV climbs to 57.1 US cents per share
Summary:
-
Revenue rose 6.8% year on year to US$29.6m, driven mainly by stronger export sales to the US and Europe, partly offset by weaker Asia-Pacific demand amid soft China consumption.
-
Net profit attributable to shareholders jumped 180% to US$1.17m as gross margin improved 2.0 percentage points to 31.7% on better factory efficiency and higher utilisation.
-
Equity attributable to owners increased to US$47.5m, lifting net asset value per share to 57.11 US cents (73.33 Singapore cents) as at 31 December 2025.
-
Working capital expanded, with trade receivables up US$3.4m on longer US credit terms and other receivables higher on supplier prepayments and VAT recoverables, while bank borrowings and total liabilities also rose.
-
Management cites healthy US order backlogs and outsourcing shifts to Vietnam and expects to remain profitable in 2H2026, while flagging ongoing trade policy and FX uncertainties.