COSCO SHIPPING International (Singapore) (F83) H1 2025 earnings summary

Executive summary

• 1H 2025 revenue rose 11% YoY to $90.969m; profit attributable to equity holders increased 15% to $2.625m, supported by higher margins and lower finance costs.

• Results were unaudited and unreviewed; cash and cash equivalents were $47.745m at 30 June 2025.

Financial highlights

• Gross profit rose 15% to $23.124m; cost of sales increased 9% to $67.846m, in line with higher supply chain management, transportation and ship repair activity.

• Profit before tax increased 18% to $5.978m; profit for the period rose 20% to $3.327m, while basic and diluted EPS were both 0.12 cents, up from 0.10 cents.

• Other income fell 28% to $1.404m, including lower interest income and no settlement income or government grants; interest income decreased 52% to $0.29m.

• Other losses were $0.665m versus a $0.416m gain; higher FX losses and administrative expenses partly offset earnings growth.

• Finance costs declined 19% to $4.780m, mainly due to repayment of borrowings; associate profit decreased 16% to $2.107m, mainly on lower contribution from COSCO SHIPPING Bulk SEA.

Outlook and guidance

• JILH Phase II construction commenced in June 2025 and is expected to be completed in 4Q 2026.

• Malaysia operations are being integrated and restructured by centralising warehousing, container depot and land transportation businesses.

• Strategic priorities include infrastructure and network expansion across Singapore, Malaysia and Southeast Asia; investment opportunities will be assessed for strategic fit.

• Long-term focus remains building an integrated shipping and logistics service provider in Southeast and South Asia while delivering sustainable shareholder value.