PSC Corporation Ltd. reported a net profit of S$10.7 million for the six months ended 30 Jun 2026, down 16.7 per cent year-on-year (YoY) as mark-to-market losses on financial assets and a higher tax charge offset stronger sales in both its Consumer Essentials and Packaging divisions.
Earnings per share slipped to 1.47 Singapore cents from 1.79 cents a year earlier. The board declared two cash distributions: an interim dividend of S$0.003 per share and a special dividend of S$0.072 per share, compared with an interim payout of S$0.002 a year ago. Both dividends are tax-exempt (one-tier) and will be paid on 22 Oct 2026 to shareholders on record as at 8 Oct 2026.
Group revenue rose 5.7 per cent YoY to S$248.7 million. Consumer Essentials contributed S$131.2 million, up 5.6 per cent on higher sales volumes, while Packaging added S$117.6 million, gaining 5.8 per cent as the Renminbi strengthened against the Singapore dollar. Operating profit before unallocated corporate expenses increased 8.8 per cent to S$16.4 million, with Packaging delivering S$9.2 million (up 14.3 per cent) and Consumer Essentials S$7.2 million (up 2.4 per cent).
However, finance income fell 26.9 per cent to S$2.3 million following lower interest rates, while finance costs surged 81.8 per cent to S$3.0 million owing mainly to unrealised fair-value losses on financial assets. Tax expense climbed 43.9 per cent to S$3.9 million, reflecting higher taxable profits and the expiry of a preferential tax rate at a China subsidiary.
Operating cash flow amounted to S$4.2 million. After paying total dividends of S$32.1 million—including S$22.3 million to non-controlling interests—and net loan repayments of S$9.1 million, cash and cash equivalents declined to S$186.1 million from S$205.0 million at the start of the year.
Looking ahead, management flagged intensifying competition from private-label brands, cautious consumer spending and persistent supply-chain cost pressures. In response, the group plans to step up marketing efforts to defend brand share, while the Packaging segment will focus on operational efficiency and cost control amid volatile raw-material prices and geopolitical uncertainties. The company noted that its strong net-cash position provides flexibility to pursue selective growth opportunities and the recently incorporated Malaysian coffee-roasting subsidiary forms part of its strategy to expand product offerings and regional presence.