Skylink Holdings has reported a net profit of $1.80 million for 1HFY2026 ended Sept 30, up 32.7% y-o-y.
The Catalist-listed vehicle specialist posted a revenue of $16.14 million for the 1HFY2026, up 33.8% y-o-y.
This was driven mainly from the group’s commercial vehicle leasing and engineering businesses. The group has three core business segments, commercial vehicle leasing, credit and engineering.
Revenue from the commercial leasing segment increased by 52.6% y-o-y, backed by increased fleet size and higher longer term contracts value with minimum lease commitment period of 1 year and above.
Revenue from the engineering segment increased 11.6% y-o-y after securing maiden contracts for MRO services with a major bus operator in Singapore.
Revenue from the credit segment declined 20.3% y-o-y due to higher hirer settlements and recognition of lower interest income towards the end of the hire purchase term.
See also: Nam Cheong earnings down 3% y-o-y to RM45.8 mil in 3QFY2025 from absence of one-off costs
Skylink generated a cash flow of $5.84 million in 1HFY2026 with cash and cash equivalents of $7.41 million as at end Sept.
The group had total liabilities of $109.81 million as at Sept 30, comprising current liabilities of $37.69 million and non-current liabilities of $72.12 million. The total of which are mainly the bank borrowings, payables and the RTO-related Convertible Bond of $5.00 million.
Shares in Skylink closed 0.5 cents lower or 1.695% down at 29 cents on Nov 14.
