TS Wonders reported interim results for the six months ended 30 June 2026 showing solid top-line expansion and a sharp rebound in earnings.

Revenue reached S$38.18 million, up 8.9% year-on-year, driven mainly by a S$3.27 million increase in nut sales, which now represent 70.9% of group turnover. Chip revenue eased 3.4% to S$9.68 million, while “Others” contributed S$1.43 million.

Gross profit improved 6.4% to S$9.73 million. Group gross margin slipped to 25.5% from 26.1%, reflecting higher raw-nut input costs. The profit before taxation margin expanded to 11.3% (H1 2025: 8.9%) on the back of a swing to a S$0.17 million net gain from other gains/losses versus a S$0.79 million loss a year earlier and disciplined cost control. Finance costs remained low at S$32,000.

Profit before taxation climbed 38.4% to S$4.31 million, while net profit surged 51.8% to S$3.32 million, lifting basic EPS to 0.33 Singapore cents (H1 2025: 0.22 cents).

On the balance-sheet, bank balances and cash increased 19.1% to S$46.00 million, underpinning a robust current ratio of 9.7 times. The group had no bank borrowings at period-end, reducing the gearing ratio to nil from 0.002 times at end-2025. Net assets stood at S$91.47 million, up 3.8%.

Segmentally, nuts delivered gross profit of S$6.48 million at a 23.9% margin (-0.6 ppt), while chips maintained a 29.8% margin, generating S$2.89 million in gross profit. Singapore remained the largest market with 57.6% of sales, followed by Malaysia at 34.3%, where revenue rose 23.8% year-on-year.

Administrative expenses edged up 4.2% to S$3.55 million, reflecting higher staff and maintenance costs, while selling and distribution costs were broadly stable at S$2.26 million. Other income declined to S$0.25 million due to lower bank-interest receipts.

No interim dividend was declared, consistent with the prior-year period. A final dividend of 0.23 Hong Kong cents per share for FY 2025 was paid on 30 June 2026.

Management highlighted ongoing demand growth for healthy snack products and reaffirmed a prudent approach to cost and capital allocation. As at the reporting date, approximately HK$5.70 million of IPO proceeds remained unutilised, earmarked for expanding nut and potato-chip capacity by end-2027.