AMOS Group (49B) H2 2026 earnings summary

Executive summary

• Divested Marine operations in January 2026 and refocused on the core Energy supply chain business; Marine results are classified as discontinued operations.

• Continuing-operations revenue fell 30.2% YoY, while the total FY2026 loss widened to S$14.8m, reflecting lower gross profit and a larger inventory write-down.

• Cost and balance-sheet reductions continued: distribution and administrative expenses fell S$2.1m combined, inventories declined 54.4%, and bank borrowings fell 50.1%.

Financial highlights

• Continuing-operations revenue was S$26.7m versus S$38.3m in FY2025; gross profit was S$6.2m versus S$13.3m.

• Continuing-operations loss before tax widened to S$11.5m from S$3.3m; total loss was S$14.8m versus S$10.0m, including a S$3.0m discontinued-operations loss.

• Total comprehensive loss was S$15.0m versus S$7.4m; basic and diluted loss per share was 6.91 cents versus 4.80 cents.

• Inventory write-down rose to S$4.5m from S$0.5m; FY2026 continuing-operations results were also affected by lower revenue and gross profit.

• Cash and cash equivalents at year-end were S$2.8m versus S$4.7m; operating activities used S$2.3m versus generating S$1.7m in FY2025.

Outlook and guidance

• Strategic focus shifted to the core Energy supply chain business, alongside initiatives to streamline the cost base and reduce debt.

• Following year-end, bank borrowings were fully repaid using proceeds from a further subsidiary equity disposal and a S$4.0m related-party loan; the loan bears 2.4% interest and is repayable on 31 December 2027.

• Sustainability reporting is expected to be rebuilt as continuing operations stabilise, with quantitative environmental and workforce reporting to resume when material and reliably comparable.