The latest earnings season has seen a significant shift for more than 20 companies listed on the Singapore Exchange (SGX), as they moved from losses to profits. This turnaround highlights a diverse range of factors driving these improvements, from operational enhancements to favourable market conditions.
Ouhua Energy Holdings reported a notable return to profitability in the first half of 2026, with a profit of RMB95.8m, compared to a loss of RMB33.5m in the same period last year. The company attributed this success to stronger liquefied petroleum gas (LPG) margins, driven by price increases following supply disruptions in the Middle East. The company also benefited from lower-cost inventory secured before the escalation of conflicts in the region.
Similarly, Food Empire Holdings achieved a profit of US$35.4m in the first half of 2026, reversing a loss of US$1.5m from the previous year. This improvement was supported by a 15% increase in revenue, reaching a record US$315.1m, with significant growth in Russia and Central Asia. The absence of a prior-period fair-value loss on its Renaissance Energy investment also contributed to the positive outcome.
Nera Telecommunications also returned to profitability, with a profit of S$0.5m compared to a loss of S$1.8m in the first half of 2025. The company’s revenue increased by 1.1%, whilst gross profit rose by 8.1%. The turnaround was further supported by reduced foreign-exchange losses, lower restructuring costs, and a 40.9% increase in order intake.
These results underscore the varied factors influencing profit recoveries across different sectors, providing a broader perspective on the earnings landscape for SGX-listed companies.
