Catalist-board Sheffield Green has reported a net profit of more than US$0.49 ($0.62) million, a 389% y-o-y increase, for the six months Dec 31, 2025. The human resource provider for the renewable energy industry has also declared an interim dividend of 0.2 cents per share.
Revenue for the period rose approximately 36% to nearly US$12.2 million, attributed to the acquisition of new major clients and a net increase in manpower demand from existing clients. The company adds that its “strategic” move into the training centre is paying off, with the Taiwan and Spain training centres contributing to the reporting period’s revenue.
Due to additional headcount for the training segment, and higher operating expenses following the acquisition of a training centre business in Spain, Sheffield’s administrative expenses rose by 20% to US$2.08 million for the period.
Providing more details on its new training business, Sheffield says the segment generated US$0.7 million revenue following the January 2025 commencement of training courses in Taiwan and the Spanish acquisition in June 2025. For Taiwan, Sheffield believes that the business is yet to fulfil its potential and plans to step up marketing efforts. It points out that while the Spanish business is maintaining stable revenue and consistent performance with healthy gross margins, the company will not rest on its laurels and is striving to increase market share.
Outlook-wise, sustained global demand for specialised offshore wind personnel will ensure resiliency of Sheffield’s core manpower business. The company notes that the wind sector in Europe will generate more than 600,000 jobs by 2030, with demand for offshore wind energy picking up speed. Regionally, Sheffield sees opportunities in Taiwan which is seeking to increase its offshore wind capacity to 13.1 GW by 2030.
The counter’s share price remained unchanged on Feb 12.
