Q2 Financial Results | |||||||||||||||||
($ in millions, except earnings per share) |
Q2 FY2026 |
Q1 FY2026 |
Q2 FY2025 |
Q/Q |
Y/Y |
||||||||||||
Revenues |
$ |
136.6 |
$ |
130.8 |
$ |
126.9 |
4 |
% |
8 |
% |
|||||||
Gross profit |
$ |
11.0 |
$ |
10.7 |
$ |
8.6 |
3 |
% |
28 |
% |
|||||||
Operating expenses |
$ |
7.7 |
$ |
7.6 |
$ |
6.4 |
1 |
% |
20 |
% |
|||||||
Operating profit |
$ |
3.4 |
$ |
3.3 |
$ |
2.5 |
3 |
% |
36 |
% |
|||||||
Net income |
$ |
0.8 |
$ |
1.4 |
$ |
0.6 |
(43) |
% |
33 |
% |
|||||||
EPS1
|
$ |
0.01 |
$ |
0.05 |
$ |
0.03 |
(80) |
% |
(67) |
% |
|||||||
Revenue by Reportable Segments | |||||||||||||||||
($ in millions) |
Q2 FY2026 |
Q1 FY2026 |
Q2 FY2025 |
Q/Q |
Y/Y |
||||||||||||
North Asia |
$ |
29.5 |
$ |
23.9 |
$ |
22.8 |
23 |
% |
29 |
% |
|||||||
ROW |
$ |
55.4 |
$ |
55.7 |
$ |
59.8 |
(1) |
% |
(7) |
% |
|||||||
Thailand |
$ |
51.7 |
$ |
51.2 |
$ |
44.3 |
1 |
% |
17 |
% |
|||||||
Total |
$ |
136.6 |
$ |
130.8 |
$ |
126.9 |
4 |
% |
8 |
% |
|||||||
Investor Relations Contact: | ||
Pacific Holdings Group | ||
2901 Dallas Parkway, Suite 360 | ||
Plano, TX 75093 | ||
Attn: Paul Weber | ||
Phone: (469) 797-7191 | ||
Email: pweber@pusa.com | ||
ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||||||||||||||||||||||||||||
CONSOLIDATED INCOME STATEMENTS | |||||||||||||||||||||||||||||
(Amounts in thousands of US Dollars, except share data) | |||||||||||||||||||||||||||||
For the three months |
For the six months |
||||||||||||||||||||||||||||
ended June 30, |
ended June 30, |
||||||||||||||||||||||||||||
2026 |
2025 |
2026 |
2025 |
||||||||||||||||||||||||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||||||||||||||||||||||
US$'000 |
US$'000 |
US$'000 |
US$'000 |
||||||||||||||||||||||||||
Revenue |
$ |
136,648 |
$ |
126,906 |
$ |
267,494 |
$ |
227,493 |
|||||||||||||||||||||
Cost of sales |
(125,636) |
(118,298) |
(245,808) |
(215,220) |
|||||||||||||||||||||||||
Gross profit |
11,012 |
8,608 |
21,686 |
12,273 |
|||||||||||||||||||||||||
Other operating income |
395 |
192 |
512 |
227 |
|||||||||||||||||||||||||
Selling, general and administrative expenses |
(7,687) |
(6,434) |
(15,332) |
(12,860) |
|||||||||||||||||||||||||
Other operating expenses |
(334) |
51 |
(334) |
(1) |
|||||||||||||||||||||||||
Net impairment loss on financial and contract assets |
23 |
65 |
152 |
106 |
|||||||||||||||||||||||||
Operating profit |
3,409 |
2,482 |
6,684 |
(255) |
|||||||||||||||||||||||||
Finance costs |
(449) |
(563) |
(799) |
(977) |
|||||||||||||||||||||||||
Finance income |
284 |
44 |
303 |
66 |
|||||||||||||||||||||||||
Gain on disposal of investment |
(13) |
— |
1,031 |
— |
|||||||||||||||||||||||||
Exchange gain |
230 |
331 |
592 |
605 |
|||||||||||||||||||||||||
Other income |
46 |
(92) |
119 |
106 |
|||||||||||||||||||||||||
Other expense |
61 |
(80) |
(166) |
(80) |
|||||||||||||||||||||||||
Profit before tax |
3,567 |
2,121 |
7,763 |
(536) |
|||||||||||||||||||||||||
Income tax expense |
(1,370) |
(762) |
(2,510) |
(401) |
|||||||||||||||||||||||||
Profit for the period |
$ |
2,197 |
$ |
1,359 |
$ |
5,253 |
$ |
(937) |
|||||||||||||||||||||
Attributable to: |
|||||||||||||||||||||||||||||
Equity holders of the parent |
781 |
578 |
2,211 |
(901) |
|||||||||||||||||||||||||
Non-controlling interests |
1,416 |
781 |
3,042 |
(36) |
|||||||||||||||||||||||||
2,197 |
1,359 |
5,253 |
(937) |
||||||||||||||||||||||||||
Basic and diluted profit per share |
$ |
0.01 |
$ |
0.03 |
$ |
0.06 |
$ |
(0.04) |
|||||||||||||||||||||
Basic and diluted weighted average common shares outstanding |
41,232,454 |
20,616,227 |
34,863,953 |
20,616,227 |
|||||||||||||||||||||||||
ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||||||||||||||||||||||||||||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||||||||||||||||||||||||||
(Amounts in thousands of US Dollars, except share data) | |||||||||||||||||||||||||||||
For the three months |
For the six months |
||||||||||||||||||||||||||||
ended June 30, |
ended June 30, |
||||||||||||||||||||||||||||
2026 |
2025 |
2026 |
2025 |
||||||||||||||||||||||||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||||||||||||||||||||||
US$'000 |
US$'000 |
US$'000 |
US$'000 |
||||||||||||||||||||||||||
Profit for the period |
2,197 |
1,359 |
5,253 |
(937) |
|||||||||||||||||||||||||
Other comprehensive income |
|||||||||||||||||||||||||||||
Other comprehensive income to be reclassified to profit or loss in subsequent periods: |
|||||||||||||||||||||||||||||
Exchange differences on translation of foreign operations, net of tax of nil |
(547) |
8,916 |
(4,745) |
11,046 |
|||||||||||||||||||||||||
(547) |
8,916 |
(4,745) |
11,046 |
||||||||||||||||||||||||||
Other comprehensive income/(loss) not to be reclassified to profit or loss in subsequent periods: |
|||||||||||||||||||||||||||||
Changes in the fair value of equity instruments measured at FVOCI |
63 |
(12) |
(817) |
(18) |
|||||||||||||||||||||||||
Income tax effect |
(13) |
3 |
163 |
4 |
|||||||||||||||||||||||||
50 |
(9) |
(654) |
(14) |
||||||||||||||||||||||||||
Re-measuring losses on defined benefit plans |
12 |
(43) |
71 |
(54) |
|||||||||||||||||||||||||
Income tax effect |
(2) |
9 |
(14) |
11 |
|||||||||||||||||||||||||
10 |
(34) |
57 |
(43) |
||||||||||||||||||||||||||
Other comprehensive income for the year, net of tax |
(487) |
8,873 |
(5,342) |
10,989 |
|||||||||||||||||||||||||
Total comprehensive income for the period, net of tax |
1,710 |
10,232 |
(89) |
10,052 |
|||||||||||||||||||||||||
Attributable to: |
|||||||||||||||||||||||||||||
Equity holders of the parent |
853 |
7,022 |
280 |
7,119 |
|||||||||||||||||||||||||
Non-controlling interests |
857 |
3,210 |
(369) |
2,933 |
|||||||||||||||||||||||||
$ |
1,710 |
$ |
10,232 |
$ |
(89) |
$ |
10,052 |
||||||||||||||||||||||
ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||||||||||
CONSOLIDATED BALANCE SHEETS | |||||||||||
As of June 30, 2026 (Unaudited) |
As of
December 31, 2025
(Audited)
|
||||||||||
US$'000 |
US$'000 |
||||||||||
Assets |
|||||||||||
Current assets |
|||||||||||
Cash and cash equivalents |
64,584 |
33,163 |
|||||||||
Financial assets at fair value through profit or loss |
— |
61 |
|||||||||
Trade receivables |
112,678 |
103,535 |
|||||||||
Other receivables |
227 |
936 |
|||||||||
Contract assets |
11,894 |
7,748 |
|||||||||
Due from related parties |
484 |
3,905 |
|||||||||
Inventories |
171,278 |
151,515 |
|||||||||
Prepayments |
3,491 |
3,118 |
|||||||||
Assets classified as held for sale |
805 |
782 |
|||||||||
Other current assets |
6,192 |
4,336 |
|||||||||
371,633 |
309,099 |
||||||||||
Non-current assets |
|||||||||||
Financial assets at fair value through other comprehensive income |
3,301 |
4,161 |
|||||||||
Property, plant and equipment |
51,168 |
53,683 |
|||||||||
Right of use assets |
2,350 |
2,879 |
|||||||||
Investment properties |
512 |
536 |
|||||||||
Intangible assets |
44 |
65 |
|||||||||
Investments in associates |
830 |
875 |
|||||||||
Deferred tax assets |
5,731 |
6,169 |
|||||||||
Other non-current assets |
4,619 |
4,228 |
|||||||||
68,555 |
72,596 |
||||||||||
Total assets |
440,188 |
381,695 |
|||||||||
ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||||||||||
CONSOLIDATED BALANCE SHEETS | |||||||||||
As of June 30, 2026 (Unaudited) |
As of
December 31, 2025
(Audited)
|
||||||||||
US$'000 |
US$'000 |
||||||||||
Liabilities |
|||||||||||
Current liabilities |
|||||||||||
Interest-bearing loans and borrowings |
58,455 |
41,828 |
|||||||||
Trade and other payables |
54,760 |
58,184 |
|||||||||
Due to related parties |
17,180 |
9,590 |
|||||||||
Financial liabilities at fair value through profit or loss |
56 |
— |
|||||||||
Accruals |
6,060 |
11,079 |
|||||||||
Current tax liabilities |
2,196 |
644 |
|||||||||
Employee benefit liabilities |
1,124 |
2,507 |
|||||||||
Financial lease liabilities |
1,026 |
1,113 |
|||||||||
Other current liabilities |
14,870 |
6,877 |
|||||||||
155,727 |
131,822 |
||||||||||
Non-current liabilities |
|||||||||||
Interest-bearing loans and borrowings |
— |
510 |
|||||||||
Employee benefit liabilities |
7,621 |
6,524 |
|||||||||
Lease liabilities |
1,038 |
1,473 |
|||||||||
Deferred tax liabilities |
4,511 |
4,239 |
|||||||||
Other non-current liabilities |
828 |
175 |
|||||||||
13,998 |
12,921 |
||||||||||
Total liabilities |
169,725 |
144,743 |
|||||||||
Equity |
|||||||||||
Issued capital |
413 |
206 |
|||||||||
Additional paid-in capital |
151,973 |
118,103 |
|||||||||
Treasury shares |
(38) |
(38) |
|||||||||
Retained earnings |
67,298 |
65,087 |
|||||||||
Other components of equity |
(14,997) |
(13,066) |
|||||||||
Equity attributable to equity holders of the parent |
204,649 |
170,292 |
|||||||||
Non-controlling interests |
65,814 |
66,660 |
|||||||||
Total equity |
270,463 |
236,952 |
|||||||||
Total liabilities and equity |
440,188 |
381,695 |
|||||||||
ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED AND SUBSIDIARIES | |||||||||||||||||||||||
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||||||||||||||||
For the three months |
For the six months |
||||||||||||||||||||||
ended June 30, |
ended June 30, |
||||||||||||||||||||||
2026 |
2025 |
2026 |
2025 |
||||||||||||||||||||
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
||||||||||||||||||||
US$'000 |
US$'000 |
US$'000 |
US$'000 |
||||||||||||||||||||
Net cash used in operating activities |
$ |
(17,963) |
$ |
(15,454) |
$ |
(16,392) |
$ |
(17,462) |
|||||||||||||||
Net cash used in investing activities |
(1,136) |
(919) |
(2,066) |
(2,966) |
|||||||||||||||||||
Net cash provided by financing activities |
10,482 |
11,577 |
51,066 |
19,612 |
|||||||||||||||||||
Effect of exchange rate |
(17) |
1,508 |
(1,187) |
1,749 |
|||||||||||||||||||
Net decrease in cash and cash equivalents |
(8,634) |
(3,288) |
31,421 |
933 |
|||||||||||||||||||
Cash and cash equivalents at beginning of period |
73,218 |
38,256 |
33,163 |
34,035 |
|||||||||||||||||||
Cash and cash equivalents at end of period |
$ |
64,584 |
$ |
34,968 |
$ |
64,584 |
$ |
34,968 |
|||||||||||||||