British and Malayan Holdings (CJN) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 17% YoY to S$877,000, mainly from trustee services to new clients; total income increased 19% to S$1,109,000.

• Loss before tax narrowed 10% YoY to S$714,000 as higher revenue and associate profit partly offset higher operating expenses.

Financial highlights

• Revenue was S$877,000 versus S$748,000; share of profit from the associate increased to S$153,000 from S$72,000.

• Total expenses included employee benefits of S$1,044,000, other expenses of S$678,000, depreciation of S$94,000 and finance costs of S$7,000.

• Net loss was S$714,000 versus S$793,000; cash and cash equivalents fell to S$3,277,000 from S$4,435,000 at 30 June 2025.

Outlook and guidance

• New customer leads strengthened through increased industry profile; discussions are ongoing for opportunities with prospective partners.

• No interim dividend was declared as cash is being conserved for business growth and opportunities.