Lum Chang (L19) H1 2026 earnings summary

Executive summary

• 1H2026 revenue fell 8% YoY to $220.6m, while gross profit rose 53% to $29.7m and net profit increased 122% to $10.6m.

• Profit before tax more than doubled to $13.5m, supported by stronger Construction and Restoration and Interior fit-out performance.

Financial highlights

• Revenue was $220.6m, down 8% YoY; gross profit was $29.7m, up 53%, with improved overall gross margins from more efficient cost management and resource utilisation.

• Administrative and general expenses rose 28% to $16.7m, mainly from higher staff-related and professional costs; finance expenses fell 38% to $0.7m.

• Net profit attributable to equity holders increased 108% to $7.3m; net profit was $10.6m, up 122% YoY.

• Operating cash flow was $8.9m versus $77.1m in 1H2025; cash and cash equivalents at period-end were $88.9m versus $80.1m at 30 June 2025.

Outlook and guidance

• Results were in line with the profit guidance announced on 15 January 2026.

• Construction and restoration/interior fit-out projects in progress totaled $981.0m at 31 December 2025; $63.4m of new restoration and interior fit-out projects were secured in H1.

• A tax-exempt interim ordinary dividend of 0.5 cent per share and special dividend of 1.5 cents per share were proposed; payment is scheduled for 16 March 2026.