SHS Holdings (566) investor relations material

Executive summary

• 1H26 revenue rose 258.6% YoY to S$174.0m, driven by a full six-month contribution from Commodities; attributable net loss widened to S$3.3m from S$2.0m.

• Total comprehensive loss was S$5.1m, including a S$0.9m FVOCI fair-value loss; shareholders’ equity was S$134.5m at 30 June 2026.

Financial highlights

• Revenue increased to S$174.0m from S$48.5m; gross profit fell 57.4% to S$2.4m as the revenue mix shifted toward lower-margin Commodities.

• Loss before tax widened to S$3.2m from S$2.0m; higher other income and lower operating expenses partly offset weak gross profit and higher finance costs.

• Other income rose 284.0% to S$4.4m, mainly on higher foreign-exchange gains, dividend income and rental income.

Outlook and guidance

• Management remains cautiously optimistic; focus areas include operational efficiency, cost management and disciplined capital allocation.

• Commodities priorities are improving efficiency and capacity utilisation while maintaining prudent capital management.

• Renewable-energy demand from sustainability and decarbonisation trends is expected to support long-term opportunities; project awards and competition may affect execution.