Tiong Woon Corporation Holding Ltd (BQM) reported revenue of 89.7 million Singapore dollars for the six months ended Dec, 31 2025, a 14 % increase from the prior-year period.

Net profit attributable to equity holders rose 13 % year on year to 13.6 million Singapore dollars, while profit before tax reached 17.3 million Singapore dollars, also up 13 %.

Gross profit climbed 27 % to 38.5 million Singapore dollars, lifting the gross profit margin to 42.9 % from 38.5 % a year earlier. Earnings per share improved to 5.89 cents from 5.20 cents.

By segment, Heavy Lift and Haulage external revenue advanced 15 % to 88.1 million Singapore dollars, generating profit before tax of 16.4 million Singapore dollars. Marine Transportation revenue increased 56 % to 1.5 million Singapore dollars with stable profit before tax of 0.9 million Singapore dollars. Trading revenue fell 86 % to 0.1 million Singapore dollars, contributing profit before tax of 0.009 million Singapore dollars.

As of Dec, 31 2025, the group’s net assets stood at 331.8 million Singapore dollars, equivalent to a net asset value of 1.43 Singapore dollars per share. Cash and cash equivalents totaled 80.9 million Singapore dollars.

The company said it expects demand for heavy lift and haulage services to remain resilient in Singapore and key regional markets, supported by ongoing investments in construction, petrochemical, semiconductor, infrastructure, logistics, heavy transport, biopharmaceutical and data-centre sectors.

The announcement was released on Feb, 13 2026.