MYP (F86) H1 2026 earnings summary

Executive summary

• 1HFY2026 revenue rose 1.8% YoY to $9.345m; operating activities profit increased 11.3% to $5.801m, and net profit was $1.203m versus a $2.206m loss in 1HFY2025.

• Results benefited from lower net finance costs and operating expenses; cash flow from operations was $6.187m.

Financial highlights

• Revenue was $9.345m, up 1.8% YoY; operating profit was $5.801m, up 11.3%; profit before tax was $1.175m versus a $2.201m loss.

• Net profit attributable to owners was $1.203m versus a $2.206m loss; basic and diluted EPS were 0.08 cents versus a loss of 0.14 cents.

• Total expenses fell 28.2% YoY to $8.147m, led by lower direct property operating costs, other operating expenses and net finance costs.

• Net finance costs declined 37.6% YoY to $4.626m, primarily reflecting lower bank loan interest rates; finance income was $1.671m versus $1.681m.

Outlook and guidance

• Monitoring office rental market conditions and bank interest rate fluctuations; continuing to explore strategic investments in value assets with attractive return potential.

• No dividend recommended for 1HFY2026, with resources retained for investment purposes and a strong balance sheet to support long-term growth.