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Tiong Woon Lifts First-Half Earnings on Strong Heavy Lift and Marine Demand

Story Highlights
  • Tiong Woon grew first-half revenue and profit on stronger heavy lift and marine contributions, with margins and earnings per share improving.
  • Backed by a strong cash position, the Group is renewing its fleet and streamlining operations to sustain regional growth amid rising costs and competition.
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Tiong Woon Lifts First-Half Earnings on Strong Heavy Lift and Marine Demand

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An announcement from Tiong Woon Corporation Holding Ltd ( (SG:BQM) ) is now available.

Tiong Woon Corporation Holding Ltd reported a 14% rise in revenue to $89.7 million for the six months ended 31 December 2025, driven mainly by stronger contributions from its Heavy Lift and Haulage and Marine Transportation segments. Gross profit climbed 27% to $38.5 million with margin improving to 42.9%, while net profit attributable to equity holders increased 13% to $13.6 million, supporting earnings per share growth and a solid net asset value per share of $1.43.

The Group underscored its strong cash position of $80.9 million and highlighted ongoing efforts to renew and expand its fleet to boost operational efficiency and customer satisfaction. Management acknowledged headwinds from geopolitical uncertainty, competition, rising costs and manpower constraints in Singapore and the region, but signalled that Tiong Woon will continue to streamline operations and pursue new opportunities to sustain its local and regional growth trajectory.

The most recent analyst rating on (SG:BQM) stock is a Buy with a S$1.00 price target. To see the full list of analyst forecasts on Tiong Woon Corporation Holding Ltd stock, see the SG:BQM Stock Forecast page.

More about Tiong Woon Corporation Holding Ltd

Tiong Woon Corporation Holding Ltd is a Singapore-listed mainboard company that operates as a one-stop integrated heavy lift specialist and service provider. The Group focuses on heavy lift and haulage as well as marine transportation services, supporting infrastructure and industrial projects in Singapore and the broader region.

Average Trading Volume: 313,953

Technical Sentiment Signal: Buy

Current Market Cap: S$229.9M

For a thorough assessment of BQM stock, go to TipRanks’ Stock Analysis page.

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