Revenue slump drives Mooreast into $2.8m loss in H1

Loss per share stood at $0.0109.

Mooreast Holdings reported a net loss after tax of $2.8m for the six months ended 30 June 2026, reversing a $3.5m net profit a year earlier.

The group’s revenue fell 51% year on year to $12.3m from $25.2m due to lower contributions across all business divisions and project delivery timing.

However, gross profit margin rose to 48% during the period, on improved cost management and project mix, though gross profit itself fell to $5.9m from $10.9m on the lower revenue base.

Loss per share was $0.0109, versus earnings per share of $0.0137 in H1 2025.

Mooreast expects second-half revenue to improve as scheduled projects complete, though near-term earnings will be weighed down by start-up costs at 60 Shipyard Crescent ahead of its operational launch.

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