Ellipsiz (BIX) H1 2026 earnings summary

Executive summary

• H1 FY2026 continuing-operations revenue rose 24% YoY to $34.6m, but net profit fell to $0.5m from $1.3m as gross margin narrowed and the indoor golf business incurred startup losses.

• Total profit was $0.5m versus $3.0m in H1 FY2025, which included $1.693m from discontinued operations and a $2.338m disposal gain.

Financial highlights

• Revenue was $34.570m versus $27.911m; gross profit increased to $6.314m from $5.845m, while gross margin declined to 18% from 21%.

• Operating profit was $381k versus $944k; continuing-operations PBT was $745k versus $1.704m, and net profit was $462k versus $1.286m.

• Other income rose 30% to $771k, including $316k fair-value gain on FVPL assets and $153k net FX gain; finance income declined 42% to $447k.

• Basic and diluted EPS was 0.40 cents versus 2.13 cents; continuing-operations EPS was 0.40 cents versus 1.12 cents.

Outlook and guidance

• IFH targets to start construction of Singapore’s fourth egg farm in H1 2026 or shortly after land alienation, subject to approvals and no unforeseen circumstances.

• Two indoor golf simulator centres remain in startup phase; efforts with Uplay Ventures will refine the offering and marketing and broaden customer reach.

• No H1 FY2026 dividend was declared or recommended, with cash to be preserved for working capital and investments.