Eneco Achieves Significant Improvement in Profitability for FY2026; Inaugural Dividends Proposed with Dividend Payout of Nearly 50%
• The Group’s logistics division, operating under RichLand Logistics Services, continued to be the ,primary revenue contributor, accounting for substantially all external revenue and generating segment profit of S$3.22 million for FY2026.
• Revenue increased 7.6% year-on-year on an indicative 12-month equivalent basis to S$34.03 million, reflecting improved performance and higher contributions from the Group’s operating subsidiaries.
• Net profit increased significantly to S$1.88 million for FY2026, compared to S$0.10 million for the 18- month comparative period or S$0.07 million on an indicative 12-month equivalent basis.
• Cash and bank deposits also increased significantly by S$11.28 million to S$27.82 million as at 30 June 2026, while the Company’s market capitalisation was approximately S$34 million as at 26 August 2026.
• Maintained positive operating cash generation, delivering S$7.39 million in net cash from operating activities in FY2026.
• Inaugural dividends of S$0.9 million proposed under the new leadership since December 2024 with dividend payout of nearly 50% of profit after tax.
• Continued focus on strengthening the Group’s core logistics business and pursuing inorganic growth opportunities, while maintaining strict cost discipline and efficiency.
Commenting on the Group’s FY2026 and outlook, Mr Ang Jun Long, Executive Director of Eneco,
said: “We are encouraged by the Group’s performance in FY2026, with both revenue and profitability recording year-on-year improvements, underpinned by stronger operational execution, disciplined cost management and continued efforts to enhance efficiency across the business.
We believe this progress reflects the meaningful work undertaken over the past 18 months to strengthen our operations, sharpen our strategic focus and position the Group on a more sustainable growth trajectory. These efforts have laid a stronger foundation for the Group to build on its recent momentum and pursue opportunities for further growth.
Our liquidity position has also continued to strengthen with cash and deposits increasing to S$27.82 million and S$7.39 million in net cash generated from operating activities, providing greater financial resilience and flexibility.
Looking ahead, we will remain focused on strengthening our core logistics business, improving operational efficiency and selectively pursuing opportunities that complement our existing capabilities.
With a stronger foundation and clearer strategic direction, we are committed to building a more resilient
business model and creating sustainable long-term value for our shareholders”.