Cool Link (Holdings) Limited released unaudited results for the six months ended 30 June 2026, showing a swing to a net loss of S$0.30 million from a profit of S$0.11 million in the prior-year period. Basic and diluted earnings per share reversed to a loss of 0.07 Singapore cents versus earnings of 0.03 cents a year earlier.
Revenue edged up 2.8% year on year to S$14.56 million, driven mainly by higher frozen-product sales. However, cost of sales climbed 9.6% to S$11.38 million, compressing gross profit by 17.9% to S$3.18 million and pulling gross margin down to 21.9% from 27.2%.
Operating expenses moved in opposite directions: selling and distribution costs fell 45.6% to S$0.60 million, but administrative and other operating expenses rose 20.8% to S$2.92 million, primarily on higher Hong Kong office rent and staff costs. Finance costs decreased 21.3% to S$0.19 million due to lower interest on bank borrowings.
Balance-sheet metrics remained stable. Cash and cash equivalents increased to S$8.23 million from S$7.17 million at year-end 2025, while net assets stood at S$20.73 million (31 December 2025: S$21.03 million). The quick ratio slipped to 1.89 times from 2.36 times, and the gearing ratio (total borrowings to equity) rose to 33.2% from 30.7% after total borrowings reached S$6.93 million.
Operating cash flow generated S$1.60 million (1H 2025: S$2.01 million), capex remained low at S$0.04 million, and no interim dividend was declared.
Management cited elevated operating expenses and geopolitical uncertainties, including the Russia-Ukraine conflict and potential interest-rate shifts, as headwinds, but reiterated plans to pursue brand promotion, product-quality initiatives and selective expansion to bolster long-term growth.
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