Yeo’s H1 profit rises 12% amidst cost pressures

F&B revenue rose 9% to $152.7m across four markets.

Yeo Hiap Seng Limited (Yeo’s) reported net profit of $1.8m in the first half (H1) of 2026, up 12% from $1.6m a year earlier.

Revenue rose 8% year on year (YoY) to $159.8m from $148.6m, whilst food and beverage revenue increased 9% to $152.7m from $140.5m.

“This is supported by continued business growth in Malaysia, Singapore, Cambodia, and Australia,” the group said in a bourse filing.

Gross profit rose 7% to $50.1m from $46.7m, whilst gross margin remained unchanged at 31.4%.

Other gains totalled $7.9m, largely driven by fair-value gains on investment properties, which are non-operating in nature.

The group continued to optimise operations, improve productivity and manage costs during the period as it focused on restoring operating profitability through operational efficiencies, procurement savings, product mix optimisation, and cost controls.

Yeo’s subsidiary, Yeo Hiap Seng (Guangdong) Food & Beverages Ltd, also signed a manufacturing cooperation and facility lease agreement with a third party for its China operations.

The arrangement is expected to lower manufacturing costs in China and generate additional income from leasing spare facility capacity.

Yeo’s said the changes are not expected to have a material financial impact on the group for the financial year ending 31 December 2026.

The group expects volatility in raw and packaging material prices, freight and energy costs, and foreign exchange to weigh on financial performance amidst ongoing Middle East geopolitical conflicts.

“To navigate these challenges, the Group is maintaining rigorous cost discipline, whilst driving targeted product innovation to meet evolving consumer needs and making selective investments in core growth areas,” it said.

The group had $185.6m in cash, including fixed deposits, whilst earnings per share rose to 0.28 cents from 0.25 cents. Net margin remained unchanged at 1.1%.

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