LHT Holdings (BEI) H1 2025 earnings summary

Executive summary

• HY2025 revenue rose 6.6% YoY to S$14.47m, led by stronger pallet and packaging sales; net profit fell 9.7% to S$1.34m as gross profit and other income declined.

• Profit before tax increased 1.9% to S$1.82m, with lower finance and administrative expenses offsetting weaker gross profit and other income.

Financial highlights

• Gross profit decreased 3.0% YoY to S$5.07m; revenue growth was outweighed by cost of sales rising 12.6% to S$9.39m.

• Other income fell 8.4% to S$1.71m, mainly on lower fixed-deposit interest, stock write-backs and logistics income; finance costs declined 44.7% to S$0.21m.

• Income tax expense rose to S$0.48m from S$0.30m; total comprehensive income decreased 21.4% to S$1.20m, including S$0.14m foreign currency translation loss.

Outlook and guidance

• Persistent global economic headwinds and geopolitical tensions are expected to sustain industry volatility and weigh on near-term growth visibility.

• Production-base relocation may incur short-term costs; the new setup is expected to improve cost efficiency and operational flexibility after transition.

• A customer notified LHT Ecotech Resources of termination of its woodchip supply agreement; discussions continue, and absent agreed terms, the agreement expires on or around FY2025-end.