Heng Hup FY26 H1 profit attributable to owners drops 86.9% to RM 1.1 million; revenue falls 9.1% to RM 658.9 million

• Heng Hup posted 1H 2026 profit attributable to owners of RM 1.1 million, down 86.9%; basic EPS fell to 0.11 sen.
• Revenue slid 9.1% to RM 658.9 million on lower scrap-metal volume and softer pricing; gross margin widened 1.2 percentage points to 9.7%.
• Distribution and selling expenses climbed 33.6% to RM 42.1 million on higher transportation and logistics costs tied to fuel subsidy changes.
• Effective tax rate rose to 76.2% from 43.2% as some subsidiaries’ tax losses could not offset taxable profits elsewhere.
• Management flagged continued focus on procurement mix and logistics efficiency; no interim dividend was declared.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Heng Hup Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260830-12307401), on August 30, 2026, and is solely responsible for the information contained therein.