BH Global (BQN) investor relations material

Executive summary

• 1H2026 revenue rose 12% YoY to $27.3m; net profit was $1.3m versus a $0.4m loss, with higher sales and lower operating expenses supporting the turnaround.

• Profit before tax included a $1.206m gain on deconsolidation of subsidiaries; no adjusted profit figure was stated.

Financial highlights

• Revenue increased to $27.289m from $24.411m; gross profit rose to $10.874m from $9.478m.

• Selling and distribution expenses fell to $5.764m from $7.231m; administrative expenses declined to $3.719m from $4.152m.

• Profit before tax was $1.665m versus a $0.439m loss; net profit was $1.301m versus a $0.426m loss.

• Attributable profit was $1.447m versus a $3,000 loss; basic and diluted EPS were 0.48 cents versus less than 0.01 cent loss.

Outlook and guidance

• Management was cautious but constructive on the remainder of 2026, with priorities including revenue diversification, cross-division collaboration and stronger engineering and technical capabilities.

• Strategic transition aims to expand from product supply into integrated engineering and technical solutions, combining supply, system integration, engineering support and value-added services.

• Opportunities include maritime maintenance and retrofit, ASEAN infrastructure, cybersecurity, energy efficiency, vessel electrification and emissions-reduction solutions.