Hong Leong Asia has reported earnings of $56.01 million for the 1HFY2025 ended June 30, up 13.1% y-o-y.
The group’s revenue for 1HFY2025 came in 25.7% y-o-y higher at $2.83 billion, and net profit after tax came in 30.9% y-o-y higher at $121.2 million.
This brings the group’s earnings per share for the 1HFY2025 to 7.49 cents per share.
The group says that earnings grew due to a strong performance at Yuchai and higher precast concrete volumes in 1HFY2025. Excluding last year’s one-time gain of $3.3 million from disposal of associates, 1HFY2025 earnings would have grown 21.2% y-o-y.
Yuchai’s revenue grew 30.8% y-o-y — powertrain units sold in 1HFY2025 increased 29.9% y-o-y to 250,396 units, with growth in all key powertrain segments. In the power generation segment, especially for data centres, robust sales have contributed to the strong results. Export sales volumes from OEM customers were notably strong in 1H 2025 and Yuchai gained market share in almost all segments amidst a weak domestic market.
In Singapore and Malaysia, building materials (BMU) revenue declined 3.5% y-o-y largely due to lower sales volume for ready-mix concrete, which was partially offset by higher precast concrete sales volume.
See also: SingPost reports 60% lower operating profit in 1QFY2026 business update
Regardless, BMU’s order book grew in 1HFY2025, supported by the rise in commercial and
public housing projects.
The board of directors have declared an interim dividend of 2 cents per share for the 1HFY2025.
Hong Leong Asia says that it does not expect the US tariffs to have any direct impact on its operations.
Shares in Hong Leong Asia closed 2 cents higher or 1.087% up at $1.86 on Aug 12.
