Enviro-Hub (L23) H1 2025 earnings summary

Executive summary

• H1 2025 revenue rose 35% YoY to $19.661m, driven mainly by recycling; continuing operations recorded a $450k loss.

• Total loss was $444k versus $64k in H1 2024; total comprehensive loss was $712k.

Financial highlights

• Gross profit increased 14% to $4.251m, while gross margin fell to 22% from 26% as precious metal sales carried lower margins.

• Operating profit was $839k versus $1.353m; continuing loss before tax was $420k versus $33k.

• Net finance costs declined 15% to $865k, mainly due to term-loan repayments and lower interest rates.

• Basic and diluted EPS from continuing operations was a loss of 0.02 cents, versus a loss of 0.01 cents in H1 2024.

Outlook and guidance

• Rental growth in light industrial and warehouse sectors is expected to flatten in H2 2025 amid weaker global manufacturing and increased Singapore supply.

• Plans include pursuing business opportunities, optimizing liquidity, managing expenses and interest costs through loan repricing or refinancing, and streamlining core businesses.