Sunright Limited (SGX:S71
) (Sunright) reversed back into the black with a net profit of $1.4 million in 1HFY2026, ended Jan 31, 2026, compared against a loss of $4.6 million a year ago.
Revenue was up by 15% y-o-y to $40.1 million, driven by higher equipment deliveries and services as a result of increased demand in the computing and data centers.
Other income increased from by more than 220% y-o-y to $2.1 million, mainly due to net gain on disposal of property, plant and equipment and assets held for sale of $1.1 million and net fair value gain on investment securities of $0.4 million.
Other expenses decreased by 15% y-o-y to $10.1 million, mainly attributable to lower utilities and repair and maintenance expenses, reversal of impairment loss on trade receivables and absence of net fair value loss on investment securities.
Earnings per share in 1HFY2026 stood at 0.4 cent compared to a loss per share of 2.8 cents a year ago.
As at Jan 31, cash and short-term deposits amount to $83.8 million. With loans and borrowings at $16.2 million, Sunright is in a net cash position of $67.6 million.
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“We are strengthening our technology platforms, engineering capabilities and operational readiness to support customers in higher-value, performance-critical environments such as artificial intelligence, power management and advanced automotive systems,” says Sam Lim, Sunright’s executive chairman and CEO.
Sunright’s share price saw a gain of more than 71% over the past six months and has a current market capitalisation of nearly $40 million.
Shares in Sunright was up 1.5 cents, or 4.84% higher at 32.5 cents on March 13.
