Singamas Container (716) H2 2025 earnings summary

Executive summary

• Consolidated revenue for FY2025 was US$481.5 million, down 17% year-over-year, with net profit attributable to owners at US$17.4 million, a 49% decrease, and basic EPS at US0.73 cent.

• Owns a leasing fleet of 108,000 TEU, operates five factories and eight depots in China, and upgraded Huizhou and Shanghai plants to boost ESS and customized container production.

• Final dividend proposed at HK2 cents per share, with interim dividend of HK3 cents paid; total payout ratio at 88% for FY2025.

• Green Tenaga subsidiary advanced ESG and net zero initiatives, including BESS solutions and youth training partnerships.

Financial highlights

• Gross profit for FY2025 was US$70.8 million, down from US$92.8 million in FY2024; profit before tax was US$26.9 million.

• Net asset value per share was US23.30 cents at year-end, nearly unchanged.

• Total comprehensive income was US$23.1 million, compared to US$32.4 million in 2024.

• Cash and cash equivalents at year-end were US$174.9 million, down from US$198.4 million.

• Dividend payout ratio reached 88% for FY2025.

Outlook and guidance

• Global container production expected to drop to 3.6 million TEU in 2026 from 6.5 million TEU in 2025, with average 20-foot container price forecast to rise 2.6% to US$1,710.

• Demand for dry freight containers remains unpredictable for 1H 2026 due to geopolitical tensions and trade policies.

• Anticipates growth in ESS container demand due to global energy transition.

• Focus remains on expanding customized container business and ESS container production.

• Management expects transformation to deliver more stable returns to shareholders.