Multi-Chem (AWZ) H1 2026 earnings summary

Executive summary

• H1 2026 revenue rose 15% YoY to $346.4m; profit before tax increased 14% to $19.4m and profit after tax rose 6% to $15.0m.

• Growth was attributed mainly to higher customer demand and significant IT transactions; outlook remains exposed to global economic and geopolitical uncertainty.

Financial highlights

• Revenue was $346.4m, up 15% YoY; gross profit increased 10% to $49.0m.

• Profit before tax rose to $19.4m from $17.1m; excluding net FX differences, PBT was $19.8m versus $17.7m.

• Profit after tax was $15.0m, up 6% YoY; income tax expense increased to $4.4m from $2.8m, mainly reflecting higher PBT.

• Gross profit growth reflected higher revenue and lower inventory obsolescence allowance and inventory write-offs; higher staff, commission, marketing and promotion costs partly offset the increase in PBT.

Outlook and guidance

• Near-term IT performance remains dependent on political and economic developments; inflation, interest-rate movements, geopolitical conflicts and US tariffs weigh on the global outlook.

• IT remains a critical business requirement, with security an integral part of IT infrastructure; plans include developing best-of-breed products, regional expansion and closer work with key partners.

• Mature M.Tech offices are expected to contribute more to performance; the IT business operated in 24 cities across 13 Asia Pacific countries as at 30 June 2026.