Nam Cheong reported 2H2025 revenue of MYR341.5 million, up 22.7% HoH, with gross profit of MYR160.0 million (gross margin 46.9%). Operating profit rose 78.2% HoH to MYR212.8 million, while finance costs were MYR9.5 million. Profit attributable to owners of the parent was MYR189.6 million, up 17.4% YoY and up 2.4x HoH; core PATMI was MYR156.4 million (up 2.2x HoH). Other income increased to MYR115.4 million (more than 18x HoH), driven mainly by higher gains from vessel sales, gains on derecognition of payables and foreign exchange gains, while selling and administrative expenses rose 97.6% HoH to MYR53.0 million due to higher staff and marketing costs. For FY2025, revenue declined 9.5% YoY to MYR619.7 million and PATMI was MYR269.2 million. The group said more long-term charter contracts commenced in 2H2025, and it expects higher vessel utilisation in FY2026 supported by long-term charters, alongside potential vessel monetisation to support fleet renewal and capital recycling.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nam Cheong Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 43LIT0F2HF4E6VBA) on February 27, 2026, and is solely responsible for the information contained therein.