CSC Holdings (C06) H2 2026 earnings summary

Executive summary

• FY26 revenue rose 18.5% to $400.4m and net profit attributable to shareholders increased 42.9% to $2.7m, supported by higher Singapore project activity and cost discipline.

• Operating cash flow improved to $43.9m from $12.0m; cash and cash equivalents reached $22.0m at 31 March 2026.

• Margin quality remained a focus: gross margin fell to 9.6% from 10.5%, reflecting lower-margin Malaysia projects and higher Q4 energy and raw material costs.

Financial highlights

• Revenue was $400.4m, up 18.5% YoY; gross profit rose 9.0% to $38.6m.

• EBITDA increased 3.0% to $32.3m; profit attributable to shareholders was $2.7m versus $1.9m, and basic EPS was 0.08 cents versus 0.05 cents.

• Total profit was $2.858m versus $2.544m; net finance expenses declined 8.7% to $6.0m, while other income fell to $1.2m from $2.3m, mainly on lower gains from aged-equipment disposals.

• Total assets were $394.2m versus $396.3m; operating cash flow increased to $43.9m from $12.0m, and cash and cash equivalents rose to $22.0m from $19.1m.

Outlook and guidance

• The order book was ~$220m at 30 April 2026, versus $270m at 31 October 2025; replenishment depends on tender outcomes and completed projects.

• Malaysia operations are expected to normalise and return to a positive contribution in FY27 as deferred piling projects commence and FY26 project costs are fully recognised.

• The new equipment service centre is expected to scale in FY27, broaden service revenue and contribute positively as it approaches full capacity.

• Selective bidding and cost control remain priorities; short foundation project cycles of three to six months allow new tender prices to reflect changing input costs more quickly.