Hong Lai Huat Group (CTO) investor relations material

Executive summary

• 1HFY2026 revenue rose 121% YoY to S$1.686m; attributable profit was S$1.119m versus a S$1.457m loss a year earlier.

• Results benefited from stronger marble gross profit, rental income and a higher share of joint-venture profit, following a shift toward recurring income.

Financial highlights

• Gross profit reached S$789k versus S$121k; profit before tax was S$1.214m versus a S$1.412m loss, and net profit was S$1.197m versus a S$1.444m loss.

• Other income increased 34% YoY to S$836k, mainly from foreign-exchange gains and higher interest income; administrative expenses fell 17% to S$1.88m and other expenses to nil.

Outlook and guidance

• Marble exports are expected to recover gradually and remain steady in H2 2026; operations will be adjusted as needed to manage disruption.

• Focus remains on leasing and selling completed developments while scaling marble mining; two land parcels are at design stage, with launches dependent on suitable market conditions.

• A measured approach prioritizes cost control and preserving the balance sheet over launching projects into a weak market.