Eneco turns around with 6M2025 net profit of S$0.7m and S$3.4m operating cash, balance sheet strengthened
Summary:
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Group revenue rose 3% year on year to S$16.48 million for the six months ended 31 December 2025, driven by steady demand at its RichLand Logistics division.
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Eneco swung to a net profit of S$0.69 million from a S$0.31 million loss, as disciplined cost management cut total operating expenses by 4% to S$16.28 million and lifted EBITDA 23% to S$4.18 million.
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Operating cash flow was robust at S$3.41 million, taking cash and bank balances to S$28.57 million and lifting total equity to S$34.27 million, with NAV per share at 0.90 Singapore cents as at 31 December 2025.
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The Group plans to drive further organic growth in logistics via efficiency gains and broader service offerings, while actively assessing selective M&A to build a diversified portfolio of profitable, cashflow-generative businesses.
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In February 2026, Eneco signed a non-binding MOU to acquire Fastweld Engineering Construction, marking a strategic move into engineering and maintenance services for marine, offshore and industrial clients.