Eneco Energy (R14) H2 2026 earnings summary

Executive summary

• FY2026 revenue rose 7.6% YoY to S$34.03 million on an indicative 12-month comparative basis; profit after tax increased to S$1.88 million from S$0.07 million.

• Cash and bank deposits increased by S$11.28 million to S$27.82 million at 30 June 2026; operating activities generated S$7.39 million in net cash.

Financial highlights

• Revenue was S$34.03 million versus indicative FY2025 revenue of S$31.64 million; higher contributions from operating subsidiaries drove the increase.

• Profit before tax was S$2.44 million, compared with S$0.45 million on an indicative 12-month FY2025 basis; profit after tax was S$1.88 million versus S$0.07 million.

• Total operating expenses were S$33.01 million; indicative FY2025 expenses were S$32.78 million. Salaries and employee benefits fell 6.9% to S$13.52 million on a normalized basis.

• Other income was S$1.42 million, down from S$1.58 million on an indicative 12-month basis, mainly due to lower grant and interest income.

Outlook and guidance

• Priorities include strengthening the logistics core, improving operational efficiency, maintaining cost discipline and selectively pursuing complementary growth opportunities.

• Increased airborne trade volumes amid seaborne transportation disruptions may support demand for time-sensitive logistics services.