Casa Holdings (C04) H1 2026 earnings summary

Executive summary

• HY2026 revenue fell 17.3% YoY to $8.7m; consolidated net loss was $25k versus net profit of $361k, while profit attributable to equity holders was $104k versus $431k.

• Lower sales and higher administrative expenses weighed on earnings; higher other gains and improved gross margin partly offset the pressure.

Financial highlights

• Revenue declined 17.3% YoY to $8.707m; gross profit fell 11.1% to $4.040m, while gross margin improved to 46.4% from 43.1%.

• Administrative expenses rose 14.2% to $4.541m; this included $0.3m of non-recurring professional fees for the proposed Polybuilding acquisition.

• Other gains, net, increased 46.0% to $2.141m; pre-tax result was a $28k loss versus $418k profit, and consolidated net result was a $25k loss versus $361k profit.

• Other comprehensive income was $215k, including $276k fair-value gains on financial assets at FVOCI; total comprehensive income was $190k versus a loss of $805k.

Outlook and guidance

• Management expects a challenging environment and plans to prioritize cost discipline, operational efficiency, working-capital management and prudent capital allocation while pursuing opportunities.

• The revised Teluk Jawa development plan was submitted to authorities; approval is expected by Q4 2026, with recommencement dependent on approval and timing.

• The proposed acquisition of 80% of Polybuilding is subject to completion; an extraordinary general meeting is scheduled for 29 May 2026.