Tiong Woon lifts 1H FY2026 profit 13% to S$13.6m on 14% revenue growth and fatter 42.9% margins
Summary:
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Group revenue climbed 14% year on year to S$89.7 million in 1H FY2026, led by heavier project volumes in Heavy Lift & Haulage and stronger Marine Transportation chartering activity.
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Gross profit rose 27% to S$38.5 million, with gross margin expanding 4.4 percentage points to 42.9% on better pricing and asset utilisation.
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Net profit attributable to equity holders increased 13% to S$13.6 million, lifting earnings per share from 5.20 cents to 5.89 cents.
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The Group’s balance sheet remains robust, with net assets of S$331.8 million, net asset value per share of S$1.43 and cash of S$80.9 million as at 31 December 2025.
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Management remains positive on near- and mid‑term demand for heavy lift solutions across construction, petrochemical, semiconductor, infrastructure and data centre projects in Singapore and key regional markets, while flagging geopolitical risks and a high‑cost environment.