Tiong Woon Corporation Holding (SGX:BQM
) (Tiong Woon) has reported earnings of $13.6 million for 1HFY2026 ended Dec 31, 2025, an increase of 13% y-o-y.
Revenue for 1HFY2026 grew by 14% y-o-y to $89.7 million. The increase in revenue was mainly attributable to higher contribution from its heavy lift and haulage and marine transportation segments.
Meanwhile, gross profit gained 27% y-o-y to $38.5 million and gross profit margin improved by 4.4 percentage points to 42.9%, compared against 38.5% a year ago.
The improvement was due to higher margins generated from both its heavy lift and haulage and marine transportation segments.
Tiong Woon’s net assets as at Dec 31, 2025 stood at $331.8 million and this translates to a net asset value per share of $1.43.
“In the face of rising geopolitical uncertainties, intensifying competition, escalating costs and tight manpower in Singapore and the region, we will continue to explore new opportunities while streamlining operations to sustain local and regional growth,” says Ang Kah Hong, Tiong Woon’s executive chairman.
See also: Singapore Paincare reports net loss of around $47,000
Shares in Tiong Woon closed 2.5 cents lower or 2.51% down at 97 cents on Feb 13.
