Singapore-listed Salt Investments Limited has announced a remarkable 361% increase in revenue for the first quarter of FY2026, reaching S$5.3 million. This significant growth is attributed to the strong performance of its newly acquired subsidiaries, Prosper Excel Engineering Pte Ltd. and TT Oil Pte. Ltd., which have bolstered the company’s topline.
The company’s gross profit more than tripled from the previous quarter, rising to S$493,000, although the gross profit margin slightly decreased to 9.4%. Administrative expenses saw a year-on-year increase due to costs associated with the new subsidiaries and higher senior executive expenses, but they decreased by 29.6% compared to the last quarter.
Salt Investments also reported a reduced net loss attributable to equity holders of S$417,000, a 56% improvement from the previous quarter. The acquisition of a 60% shareholding in TT Oil Pte Ltd. in June 2025 has strengthened the company’s vertical integration in the marine ecosystem, particularly in the wholesale supply of marine lubricants.
The Group has secured commitments for an equity fundraise of S$5.75 million to support its operating expenses and working capital as it continues to expand in the maritime industry. Executive Director and CEO Dennis Goh stated, “Our recent performance signals early positive indicators as we reposition Salt Investments for scalable and sustainable growth.”
Salt Investments, listed on the Singapore Exchange, operates in the infrastructure, marine, and offshore sectors, focusing on building an integrated maritime ecosystem across Southeast Asia.
“`
