AP Oil International (5AU) H1 2026 earnings summary

Executive summary

• Revenue rose 3% YoY to S$28.125m and gross profit increased 13% to S$5.183m, while profit after tax fell 8% to S$751k.

• Profit was pressured by lower interest income and other gains, plus higher other losses; cash and cash equivalents ended June at S$22.759m, down from S$26.995m at Dec 2025.

Financial highlights

• Revenue was S$28.125m, up 3% YoY; cost of sales was S$22.942m and gross profit was S$5.183m, up 13%.

• Profit before tax fell 5% YoY to S$898k; profit after tax declined 8% to S$751k.

• Other gains decreased to S$139k from S$471k, mainly reflecting the absence of a prior-year S$252k FX gain and non-recurrence of S$44k income from a 2019 agreement.

• Other losses rose to S$99k from S$30k, primarily due to FX adjustment losses; interest income fell 45% to S$191k as bank deposit rates declined.

• Total comprehensive income was S$1.228m versus a S$1.576m loss in 1H2025, reflecting S$477k of positive other comprehensive income, including translation gains.

Outlook and guidance

• Medium- and long-term prospects were viewed with cautious optimism; risk management and evaluation of strategic investments remain priorities.

• No interim dividend was recommended pending full-year results.