New Toyo International Holdings (N08) H1 2026 earnings summary

Executive summary

• H1 2026 revenue fell 18.7% YoY to S$129.06m, while profit before tax rose 32.6% to S$4.65m and profit attributable to owners increased 68.0% to S$3.73m.

• Gross margin improved to 12.2% from 10.0%, primarily reflecting stronger Trading division margins.

Financial highlights

• Revenue was S$129.063m, down 18.7% YoY; gross profit declined 1.1% to S$15.747m.

• Operating profit rose 29.5% to S$5.182m; profit before tax increased 32.6% to S$4.654m.

• Net profit was S$3.485m versus S$2.414m; profit attributable to owners was S$3.733m versus S$2.222m.

• Basic and diluted EPS were both 0.85 cents, up from 0.51 cents in H1 2025.

• Operating cash flow was S$4.004m versus an outflow of S$2.884m, mainly due to working-capital changes.

Outlook and guidance

• Focus areas include operational efficiency, resource optimization, cost control, innovation, and disciplined capital allocation to support resilience and long-term growth.

• An interim tax-exempt cash dividend of 0.80 cents per ordinary share was declared, versus 0.50 cents for H1 2025; payment and books-closure dates to be advised.

• Heightened geopolitical tensions may affect global trade, supply chains, costs, and market conditions; developments will be monitored amid ongoing uncertainty.