COSCO SHIPPING International (Singapore) (F83) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 12% YoY to $194.0 million; profit before tax increased 49% to $14.1 million and net profit attributable to equity holders rose 45% to $7.9 million.

• Higher sales from Logistics and Ship Repair and Marine Engineering, plus lower distribution and finance costs, drove the profit increase.

Financial highlights

• Gross profit increased 10% YoY to $46.5 million; cost of sales rose 13%, faster than revenue growth of 12%.

• Finance costs fell 35% to $7.5 million, mainly due to lower borrowing costs after repayment of most borrowings.

• Net profit attributable to equity holders was $7.9 million versus $5.5 million in FY2024; income tax expense rose 78% on higher profit before tax.

Outlook and guidance

• Focus remains on strengthening the integrated shipping and logistics position across Southeast and South Asia, with continued monitoring of regional sector developments.

• Plans include exploring infrastructure development and network expansion aligned with core competencies, alongside operational optimisation and long-term infrastructure investment.

• Capital allocation is to remain prudent; disciplined execution is intended to support competitiveness and sustainable shareholder value.