Beng Kuang’s net profit drops by over 50% in H1

Earnings declined to $2.91m for H1 2025, from $3.06m the previous year.

Beng Kuang Marine Limited reported a revenue of $50.79m and a net profit of $6.88m in the first half of 2025.

Revenue was down by 15.2% while net profit declined by 52.2% in H1 2025 compared to the same period last year.

The group posted a profit attributable to shareholders of $2.91m for H1 2025, also down from the $3.06m recorded in H1 2024 (excluding a one-time gain of $5.51m).

The company said that despite the absence of other gains and foreign exchange losses affecting its financial results in H1 2025, the group’s underlying performance has been resilient with healthy cash flow generation.

The company also expects the emerging growth trends in the offshore and marine sector to support stable business performance through the second half of 2025.

“In the face of ongoing economic and geopolitical uncertainties, our first-half results underscore the robustness and resilience of our asset-light, service-oriented business model,” Yong Jiunn Run, CEO of Beng Kuang Group, said.

“Our continued focus on cash flow, profitability, and sustainability underpins our disciplined cost management and ongoing efforts to enhance operational efficiency,” Yong added.