Lion Asiapac (BAZ) H1 2026 earnings summary

Executive summary

• H1 revenue rose 53% YoY to S$14.5m; continuing operations earned S$1.2m after tax, while total net loss was S$6.4m including the CESB disposal loss.

• Q2 revenue increased 25% YoY to S$6.4m and net profit was S$0.9m, versus S$26,000 in the prior-year quarter.

Financial highlights

• H1 other income and gains rose to S$1.6m from S$0.5m, mainly due to CESB receivables recovery and foreign exchange gains.

• H1 total net loss of S$6.4m included S$7.56m from discontinued operations; continuing operations reported S$1.16m net profit.

• Q2 profit before tax was S$1.05m, versus S$139,000 a year earlier; H1 profit before tax from continuing operations was S$1.44m, versus a S$69,000 loss.

Outlook and guidance

• Focus remains on cost management, operating efficiency and stronger customer relationships to navigate risks and competition in roofing; new investment opportunities are also being explored.

• No dividend was declared, with cash conservation cited as necessary for future operations.