Tiong Woon 1H FY2026 profit up 13% to S$13.6m on 14% revenue growth and stronger crane utilisation
Summary:
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Revenue rose 14% to S$89.7 million for 1H FY2026, driven mainly by higher Heavy Lift & Haulage and Marine Transportation contributions in Singapore, Thailand and Brunei.
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Gross profit increased 27% to S$38.5 million and gross margin expanded to 43% from 39%, reflecting better pricing and utilisation in core lifting and marine segments.
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Net profit grew 13% year on year to S$13.6 million, even after lower other income, higher impairment on receivables and reduced currency gains.
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Operating cash flow was strong at S$29.2 million, funding S$26.8 million of capex on cranes and equipment and leaving cash and bank deposits up to S$80.9 million.
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Net asset value per share rose to 143.13 cents from 139.02 cents as at 30 June 2025; no interim dividend was declared, with the board maintaining its practice of paying at year-end.