Nam Lee Pressed Metal Industries (G0I) H1 2026 earnings summary

Executive summary

• H1 FY2026 revenue rose 28.0% YoY to S$127.4m, while profit after tax increased 4.3% to S$12.2m; gross margin fell to 20.9% from 23.1%.

• Higher reefer-container revenue drove growth, partly offset by lower construction-business revenue recognition.

Financial highlights

• Revenue increased to S$127.4m from S$99.5m; gross profit rose 16.2% to S$26.7m.

• Operating profit was S$14.9m, up 2.7%; profit before tax rose 7.1% to S$15.1m and profit for the period rose 4.3% to S$12.2m.

• Other operating expenses increased to S$2.7m from S$0.3m, mainly due to a S$1.5m expected credit loss allowance and foreign-exchange loss.

• Other income rose to S$1.0m, mainly on derivative fair-value gains, partly offset by lower rental income; finance costs declined to S$0.9m from S$1.0m.

Outlook and guidance

• Aluminium is expected to perform better than in the prior financial year; building products are expected to track the stable outlook for Singapore construction.

• Priorities include operational resilience, targeted growth, cost management, efficiency, timely project execution and productivity improvements.