• Authorised to repurchase up to 10% of its issued ordinary shares, excluding treasury shares and subsidiary holdings.

• The share buy-back initiative underscores the Group’s commitment to disciplined capital allocation and long-term shareholder value, backed by its strengthened financial position and liquidity.

• Delivered significant improvement in FY2026 profitability, with revenue up 7.6% to S$34.03 million on an indicative 12-month equivalent basis, net profit of S$1.88 million and EBITDA of S$8.81 million.

• Cash and bank deposits rose by S$11.28 million to S$27.82 million as at 30 June 2026, driven by warrant exercise proceeds and positive operating cash flow.

• Complements the Group’s inaugural dividend of approximately S$0.90 million for FY2026, reflecting its focus on delivering sustainable returns to shareholders.

• The Company’s market capitalisation was approximately S$26.6 million as at 5 November 2026.

Commenting on the establishment of the S$5 million share buy-back programme, Mr Ang Jun Long, Executive Director of Eneco, said: “The approval of the share buy-back mandate marks another important milestone in our efforts to strengthen shareholder value. With the significant improvement in our financial performance and a stronger balance sheet in recent years, we are now in a better position to adopt a more proactive approach towards capital management.

The S$5 million share buy-back programme underscores our commitment to enhancing shareholder returns and reflects our confidence in the Group’s underlying fundamentals and long-term growth prospects.

Together with our inaugural dividend for FY2026, this initiative reflects our dedication to sharing the benefits of the Group’s progress with shareholders. We will continue to exercise financial discipline in allocating capital, balancing shareholder returns with investments that support the sustainable growth of our core logistics business and longer-term strategic objectives.”

See link for full announcement: https://links.sgx.com/FileOpen/EEL_Press%20Release%20-%2010%20Nov%202026.ashx?App=Announcement&FileID=910905