Steamships Trading Company (SST) H1 2026 earnings summary

Executive summary

• Revenue from ordinary operations rose 14.3% year-over-year to K413.4 million, while profit attributable to members declined 12.2% to K21.8 million due to significant one-off expenses and lower other income.

• Underlying profit attributable to shareholders increased 27.2% year-over-year, reflecting strong operational performance across all divisions.

• All divisions performed in line with management expectations, with continued investment in upgrades and refurbishments.

Financial highlights

• Profit from ordinary operations after tax decreased 10.2% year-over-year to K23.6 million.

• Basic and diluted EPS fell to 70.3 toea from 80.1 toea year-over-year.

• Net operating cash flow increased to K115.8 million from K69.3 million year-over-year.

• Capital investment for the period was K164.0 million, up from K130.5 million in the prior year.

• Interim dividend of 35 toea per share proposed, subject to Board approval.

Outlook and guidance

• Management remains cautiously optimistic for the second half, supported by ongoing investments and positive sentiment from increased resource sector activity.