Westports Holdings (WPRTS) Q2 2025 earnings summary

Executive summary

• Operational revenue for Q2 2025 rose 10% year-over-year to RM607 million, driven by higher container revenue.

• Profit before tax for Q2 2025 increased 13% year-over-year to RM301 million, with profit after tax up 14% to RM232 million.

• For the first half of 2025, operational revenue reached RM1.2 billion, up 10% year-over-year, with profit before tax up 12% and profit after tax up 11%.

Financial highlights

• Q2 2025 revenue: RM691.1 million, up 25% year-over-year; H1 2025 revenue: RM1.31 billion, up 20%.

• Q2 2025 gross profit: RM395.8 million, up 18% year-over-year; H1 2025 gross profit: RM776.8 million, up 18%.

• Q2 2025 basic EPS: 6.79 sen, up 14% year-over-year; H1 2025 basic EPS: 13.32 sen, up 11%.

• Net cash generated from operating activities in H1 2025: RM716.5 million.

• Cash and cash equivalents at 30 June 2025: RM644.1 million.

Outlook and guidance

• Management expects single-digit positive container volume growth for 2025, but notes challenges from global economic headwinds and tariff volatility.

• Revised container tariff to be implemented in three phases, with the first 15% increase effective 15 July 2025.