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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Treasure
Treasure (TRE) investor relations material
Treasure has been delisted
Treasure H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2025 earnings summary14 Aug, 2025
Executive summary
Net profit for the first half of 2025 reached USD 67.9 million, primarily from Hyundai Glovis share of profit.
Hyundai Glovis demonstrated resilience and strong third-party volume growth, supporting robust balance sheet and dividend capacity.
Dividend of NOK 0.70 per share was paid in May 2025.
Financial highlights
Operating income for H1 2025 was USD 213 thousand, with operating loss of USD 100 thousand.
Share of profit from Hyundai Glovis was USD 70.5 million, up from USD 49.1 million in H1 2024.
Profit for the period was USD 67.9 million, compared to USD 46.8 million in H1 2024.
Basic/diluted EPS for H1 2025 was USD 0.33, up from USD 0.23 in H1 2024.
Total comprehensive income for H1 2025 was USD 127.7 million, driven by currency translation gains.
Outlook and guidance
Future performance is closely tied to Hyundai Glovis share price, which is subject to global trade, logistics, and company-specific factors.
Forward-looking statements are based on reasonable assumptions but subject to significant uncertainties.
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Frequently asked questions
Treasure ASA is a Norwegian investment company focused primarily on transportation and logistics. The company holds a stake in Hyundai Glovis Co. Ltd., a South Korean firm that specializes in these services. Treasure ASA operates as a subsidiary of Wilh. Wilhelmsen Holding ASA, leveraging its interest in Hyundai Glovis to provide exposure to global logistics markets. Its business activities revolve around managing financial assets and maintaining its strategic investment in Hyundai Glovis. The company is headquartered in Lysaker, Norway, and its shares are listed on the Oslo Stock Exchange.