Courage Investment Group Limited released a positive profit alert, projecting a profit attributable to owners of not less than US$1.70 million for the six months ended 30 June 2026 (HY2026). This marks a sharp rebound from the US$1.70 million loss recorded in the corresponding period of 2025.

Management attributes the expected turnaround to three main factors:

1. Marine logistics uptrend: A substantial rise in the Baltic Supramax Index lifted freight rates, significantly boosting revenue from the Group’s core marine logistic transportation operations.

2. Cost efficiencies: Ongoing measures to tighten management controls, cut expenses, and enhance operational efficiency supported margin improvement during the period.

3. Diversification benefits: The acquisition of a Mongolian mining-truck business, completed on 31 December 2025, added a new and stable revenue stream in HY2026.

The Group is finalising its unaudited interim results, which remain subject to review by the audit committee. The official HY2026 results are scheduled for release before the end of August 2026. Investors are advised to exercise caution when trading the Company’s shares until the full interim report is available.