Eneco Energy (R14) H1 2026 earnings summary

Executive summary

• H1 FY2026 returned to profitability, with revenue up 3% YoY to S$16.48m and net profit of S$0.69m versus a S$0.31m loss; improved earnings reflected higher activity and lower expenses.

• Total equity rose to S$34.27m and cash and bank deposits stood at S$28.57m at 31 Dec 2025.

Financial highlights

• Total costs and operating expenses declined S$0.68m to S$16.28m; service costs rose S$0.48m while staff costs fell S$0.88m.

• PBT was S$0.88m versus a S$0.01m loss; basic and diluted EPS were both 0.02 cents, compared with a 0.01-cent loss per share.

• EBITDA rose 23% YoY to S$4.18m from S$3.39m.

• Other income declined 30% to S$0.69m, mainly due to lower grant and interest income and cessation of third-party IT support services.

• Finance costs declined 35% YoY to S$0.24m, mainly due to lower financing and interest charges.

Outlook and guidance

• Focus remains on organic logistics growth through improved operational efficiency, productivity and cost discipline.

• Selective inorganic opportunities will be assessed to build a diversified portfolio of profitable, cashflow-generative businesses; opportunities remain subject to approvals where applicable and market conditions.

• No material adverse factors or events were known to have a significant expected impact over the next reporting period or 12 months.