Cool Link (Holdings) Limited (Cool Link, 08491) reported an unaudited net loss attributable to shareholders of S$0.30 million for the six months ended 30 June 2026, reversing a S$0.11 million profit in the prior-year period. The swing into the red was driven by rising cost of sales and higher administrative outlays despite modest topline expansion.
Key financials • Revenue rose 2.8% year on year to S$14.56 million, supported by higher sales volumes in frozen products. • Cost of sales increased 9.6% to S$11.38 million, compressing gross profit by 17.9% to S$3.18 million. Gross margin declined to 21.9% from 27.2%. • Selling and distribution costs were reduced 45.6% to S$0.60 million, reflecting lower advertising and promotion spending. • Administrative and other operating expenses climbed 20.8% to S$2.92 million, mainly due to higher Hong Kong office rent and staff costs. • Finance costs fell 21.3% to S$0.19 million on lower interest expenses. • Basic and diluted loss per share stood at 0.07 Singapore cent versus earnings of 0.03 Singapore cent a year earlier. • The board declared no interim dividend.
Balance sheet and cash flow • Cash and cash equivalents increased to S$8.23 million from S$7.17 million at end-2025, helped by S$1.60 million net operating cash inflow. • Net assets slipped to S$20.73 million (31 Dec 2025: S$21.03 million). • Total borrowings (bank loans and lease liabilities) eased to S$6.89 million; gearing rose to 33.2% from 30.7% due to lower equity. • Quick ratio stood at 1.89x (31 Dec 2025: 2.36x). • Capital expenditure was modest at S$0.04 million, focused on delivery equipment. • No material capital commitments or acquisitions were reported; potential M&A funds of HK$30.00 million from a previous rights issue remain unutilised.
Outlook Management cited persistent geopolitical tensions and interest-rate uncertainties as external headwinds but remains intent on expanding market presence and diversifying income streams through brand promotion and regional opportunities.
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