ZACD Group Ltd. (ZACD, 08313) reported a solid turnaround for the six months ended 30 June 2026, moving from a loss to profitability on higher project-management income, tighter cost control and sizeable write-backs of earlier loan provisions.
Key Financials • Revenue rose 15.10 % year on year to S$1.60 million, driven chiefly by a S$0.86 million jump in acquisitions and project-management fees linked to the La Ville and Landmark developments. • Net profit reached S$0.59 million, reversing the S$0.73 million loss recorded in 1H 2025; profit before tax was S$0.59 million versus a S$0.70 million deficit. • Earnings per share turned positive at 0.03 Singapore cents (1H 2025: ‑0.04 Singapore cents). • Gross staff costs declined 14.3 % to S$1.50 million following headcount reduction from 27 to 16. • Reversals of impairment on financial assets totalled S$1.83 million, contrasting with a S$0.01 million provision a year earlier. • Fair-value loss on a financial derivative tied to a put option granted to an investor was S$0.22 million, against a S$0.67 million gain in the comparative period. • Other income fell to S$0.07 million (1H 2025: S$0.20 million) owing to the absence of corporate service fees booked last year.
Balance-Sheet Highlights • Total assets edged up to S$28.02 million (31 Dec 2025: S$27.28 million). • Net assets increased 3.5 % to S$14.78 million, lifting net asset value to 0.74 Singapore cents per share. • Cash and cash equivalents more than doubled to S$8.70 million after net loan repayments from real-estate funds; net cash position stood at S$8.38 million with a 2.2 % gearing ratio. • Current ratio remained robust despite a reduction in net current assets to S$13.54 million (31 Dec 2025: S$15.65 million).
Cash Flow Operating activities consumed S$0.27 million, while investing inflows of S$5.59 million—largely loan recoveries—drove a S$4.77 million increase in cash. Financing outflows totalled S$0.55 million.
Segment Performance • Investment management revenue dropped to S$0.68 million (-48.7 %) as performance and establishment fees tapered. • Acquisitions and project-management fees surged to S$0.91 million (+1,720 %), offsetting the decline in fund fees. • Property management revenue was stable at S$0.02 million.
Dividend No interim dividend was declared, unchanged from last year.
Outlook Management highlighted continued construction progress at Media Circle, Tanjong Rhu (Arina East Residences), The Landmark and Mount Emily projects, alongside plans to launch a Singapore industrial fund targeting development and strata-sale opportunities.
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