Link: https://links.sgx.com/1.0.0/corporate-announcements/8ZQMNIPZU2KCOQNJ/e73d8d256c87e0a72fd05c37152309606f166a0f9ea126c6bd1040b8744f4f00

Summary:

• Group revenue edged up 0.4% year-on-year to US$25.4 million for the six months ended 30 September 2025, driven by the renewal of a five-year time charter for m.v. Boheme.

• Ship Owning segment profit surged 84.3% on stronger charter income; Agency and Logistics profit fell 73.8% due to fewer high-margin projects.

• Net profit attributable to owners jumped 24.8% to US$9.6 million; basic and diluted earnings per share both up to 2.39 US cents.

• Operating cash inflow reached US$12.1 million; cash and bank balances rose to US$89.1 million, with zero net gearing.

• Net asset value per share increased to 34.3 US cents (from 32.7 US cents at March 2025).

• No dividend declared for the half-year period; Board will assess final payout at year-end.

• Group remains cautious in evaluating new investment opportunities amid ongoing market volatility, maintaining a prudent stance on capital allocation and vessel deployment.

• m.v. Boheme enters final charter renewal before scheduled retirement and demolition.