Lion Asiapac swings to S$1.2m half-year profit on 53% revenue jump and CESB disposal gains, cash hoard rises to S$46m
Summary:
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Group revenue for the half year to 31 December 2025 rose 53% to S$14.5 million, driven by higher trading orders and increased supply of roofing solutions, lifting continuing operations from a S$0.2 million loss to a S$1.2 million net profit.
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Roofing solutions delivered a S$0.4 million segment profit while trading and investment holding recorded losses of S$0.1 million and S$0.4 million respectively, with group profit also reflecting a S$7.5 million loss from discontinued operations tied to the disposal of Compact Energy Sdn. Bhd., including S$9.3 million of recycled FX losses.
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Cash and cash equivalents surged by S$8.3 million to S$46.0 million, mainly from CESB disposal proceeds net of capital distribution and stronger customer collections, while borrowings increased S$1.8 million to S$6.4 million to fund roofing working capital.
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A capital reduction of S$11.0 million cut share capital to S$36.5 million and returned cash to shareholders, while net asset value per share stood at 63.13 cents as at 31 December 2025 versus 72.50 cents at 30 June 2025.
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Translation reserves narrowed sharply from negative S$10.4 million to negative S$0.5 million after deconsolidation of CESB, leaving shareholders’ equity (including non-controlling interests) at S$52.4 million against total assets of S$64.1 million.