Chasen Holdings (5NV) H1 2026 earnings summary

Executive summary

• H1 FY2026 continuing operations returned to profitability: revenue S$50.5m and profit after tax S$0.9m, versus S$59.7m revenue and S$12.2m loss a year earlier.

• Lower revenue largely reflected the prior disposal of a China subsidiary and weaker Specialist Relocation activity; improved cost control supported the return to profit.

Financial highlights

• Continuing revenue fell 15% YoY to S$50.534m; gross profit declined 7% to S$9.966m, while gross margin rose 1.7 percentage points to 19.7%.

• Continuing profit before tax was S$0.556m versus a S$11.930m loss; continuing profit after tax was S$0.869m versus a S$12.153m loss.

• Total period profit was S$0.869m versus S$26.736m, which included S$38.889m profit from discontinued operations in the prior period.

• Other operating income increased to S$1.577m, mainly from recovery of previously provided doubtful debts; administrative costs fell S$0.6m, mainly on lower professional fees.

Outlook and guidance

• Selective pursuit of 3PL opportunities and continued cost control are priorities; focus remains on semiconductor, TFT LCD, EV battery and Singapore renewable-energy markets.

• Flexible adaptation to economic conditions and pursuit of growth opportunities across the diversified portfolio remain the stated approach.