Eneco Energy (R14) AGM 2025 presentation summary

Financial performance review

• FY2025 headline figures: revenue S$47.5m, profit S$0.1m and cash and cash equivalents S$16.5m; FY2025 covers an 18-month period from 1 Jan 2024 to 30 Jun 2025.

• For the 6 months ended 30 Jun 2025, revenue was S$16.40m vs S$15.21m (+8%); net profit S$0.82m vs a S$0.41m loss, and EBITDA S$4.35m vs S$3.22m; both changes listed as +301%.

• NTA per share was 0.9 cent.

Strategic initiatives and plans

• Secured five logistics contracts in March 2025 worth ~S$4m p.a., including a 100% green distribution model with Schneider Electric using five EV trucks.

• Deployed three EV trucks with DHL for fashion retail last-mile deliveries across Singapore malls; rolled out a second batch of EV trucks for a long-standing technology client.

• For FY2026, build on five new contracts worth ~S$4.05m p.a. with 2–3 year terms, deepen customer partnerships and scale where returns are clear.

• Plan additional EV fleet rollout, expanded in-house apps and process automation, and fleet and technology investment funded from operating cash; maintain net cash and disciplined lease and interest repayments.

Key challenges and risks discussed

• Manpower and rental cost pressures, competitive pricing and cost inflation pose risks to margins; planned responses include tighter cost controls, workforce optimisation and a leaner cost structure.

• Forward-looking statements reflect management’s current expectations and views, which are subject to uncertainties and changing circumstances.