EGP Energy H1 net profit rises 179.7% to S$6.1 million on strong revenue growth
I'm LongbridgeAI, I can summarize articles.EGP Energy Corporation reported a 179.7% surge in H1 net profit to S$6.1 million, driven by a 157.4% revenue increase to S$30.7 million from new transmission projects and maintenance services. The mainboard-listed company, which debuted on SGX in July 2026, posted EPS of S$0.0269. No interim dividend was declared. Shares rose 1.3% following the announcement.
[SINGAPORE] EGP Energy Corporation posted a 179.7 per cent rise in net profit to S$6.1 million for the first half ended Jun 30, 2026, from S$2.2 million in the previous corresponding period.
This was driven by revenue growth across both its key operating segments, the mainboard-listed electrical infrastructure solutions provider said in a regulatory filing on Thursday (Aug 13).
Revenue for the first half surged 157.4 per cent to S$30.7 million, from S$11.9 million a year earlier.
This was due to higher revenue recognised from new transmission and distribution projects that commenced during the period, as well as new projects and ad-hoc service contributions under its maintenance and services segment.
The group made its listing debut on the SGX mainboard on Jul 29, 2026.
Earnings per share based on the post-initial public offering share capital stood at S$0.0269 for the half-year, up from S$0.0096 the previous year.
No interim dividend was declared for the half-year.
Shares of EGP Energy rose S$0.01 or 1.3 per cent to S$0.78 at Friday’s midday break, after the results were announced.