Ellipsiz (BIX) H2 2026 earnings summary

Executive summary

• FY2026 revenue rose 24% YoY to $71.5m; continuing-operations profit after tax increased to $1.7m from $1.1m, while total profit fell 39% to $1.7m due to FY2025’s discontinued-operations disposal gain.

• 2HFY2026 profit after tax was $1.2m versus a $0.2m loss in 2HFY2025, supported by higher other income, lower other expenses and a right-of-use asset impairment reversal.

Financial highlights

• FY2026 revenue was $71.536m, up 24% YoY; gross profit was $12.765m versus $12.243m, while gross margin declined to 18% from 21%.

• Operating profit rose to $1.484m from $0.416m; profit before tax increased to $2.098m from $1.727m.

• FY2026 continuing-operations profit after tax was $1.676m versus $1.052m; total profit was $1.676m versus $2.745m, including FY2025 discontinued-operations profit of $1.693m.

• Other income increased 81% to $1.607m, mainly from higher fair-value gains on financial assets; finance income fell 43% to $0.783m as interest rates declined.

Outlook and guidance

• A final tax-exempt dividend of 0.5 cent per share was recommended for FY2026, subject to shareholder approval, versus 1.0 cent for FY2025.

• Construction of Singapore’s fourth egg farm is targeted for Q4 2026 or shortly after land alienation; groundbreaking is scheduled for 29 September 2026.

• The indoor golf simulator business remains in startup phase; plans include refining its offering and marketing with NTUC Club, while feasibility studies will assess long-term options for the Bintan land.