Tai Sin Electric Limited posted a net profit attributable to shareholders of S$7.4 million for the six months ended Dec 31 2025, down 53.1 per cent year-on-year, as the group booked an S$11.8 million provision for onerous contracts following the recent spike in copper prices.

Group revenue rose 20.0 per cent to S$282.2 million, lifting basic earnings per share to 1.62 Singapore cents from 3.45 cents a year earlier. The board declared an unchanged interim tax-exempt dividend of 0.75 Singapore cent per share, payable on Mar 31 2026 to shareholders on record as of Mar 24 2026.

By segment, Cable & Wire remained the main contributor with sales climbing 17.2 per cent to S$197.5 million, although its pre-tax profit plunged to S$2.3 million (1H FY25: S$15.0 million) after the onerous-contract charge. Electrical Material Distribution revenue gained 23.3 per cent to S$60.8 million, driving pre-tax profit up to S$3.5 million. Test & Inspection revenue eased 7.5 per cent to S$14.4 million, trimming pre-tax earnings to S$0.2 million. The newly created Renewable Energy Solution unit, consolidated from November 2025, contributed S$9.5 million of sales and S$3.3 million of pre-tax profit, buoyed by a S$2.7 million bargain-purchase gain.

Group gross profit margin narrowed to 12.1 per cent from 17.6 per cent, reflecting the onerous-contract provision and higher material costs. Administrative and selling expenses rose in line with recent acquisitions and expansion in Malaysia, Indonesia and Thailand.

During the half, Tai Sin completed the S$7.3 million acquisition of BayWa r.e.’s solar distribution businesses in Thailand and the Philippines, establishing the Renewable Energy Solution segment. It also invested S$1.5 million for a 25 per cent stake in e-mobility firm EV Mobility, underscoring its push into the clean-energy value chain.

Looking ahead, the company signalled a cautious outlook amid global economic uncertainty, supply-chain constraints and volatile copper prices. Nonetheless, management expects energy-transition spending, data-centre build-outs and Southeast Asia’s infrastructure demand to underpin long-term growth, with the new renewable-energy platform positioned to capture emerging opportunities.