Qian Hu Corporation (BCV) H1 2025 earnings summary

Executive summary

• H1 revenue was $35.091m, down 0.2% YoY; gross profit rose 1.1% to $12.464m, while profit for the period fell 65.3% to $109,244.

• Fish and Accessories contributed 89.2% of revenue; H2 2025 profitability is expected to be maintained, barring unforeseen circumstances.

Financial highlights

• Operating result was $326,488, down 36.1%; profit before tax was $190,536, down 51.1%.

• Profit attributable to owners was $30,729, reported as $31,000 and down 87.7% from $251,000; basic and diluted EPS were 0.03 Singapore cents, versus 0.22 cents.

• Net cash from operating activities increased to $577,265 from $374,144, supported by inventory reduction and grant reimbursement receipts.

• Cash and cash equivalents were $14.079m at 30 June 2025; total assets were $58.376m and total liabilities $16.958m.

Outlook and guidance

• H2 2025 profitability is expected to be maintained, barring unforeseen circumstances.

• Priorities include innovation, product diversification, resilient distribution, digitalisation, AI-enabled productivity and strategic partnerships for growth and regional expansion.