May 14, 2026
Cargo Handlers Limited (CHL)
Unaudited financials for the six months ended March 31, 2026:
Cargo Handlers Limited (CHL) for the six months ended March 31, 2026, reported an 11% decrease in Revenue totaling $213.12 million compared to $240.25 million in the corresponding period last year. Revenue for the second quarter had a 19% decrease to close at $105.17 million compared to $129.30 million for the comparable quarter of 2025.
Cost of Sales amounted to $3.30 million (2025: $3.33 million), representing a decrease of 1% year over year. Consequently, Gross Profit decreased by 11% to $209.82 million compared to $236.92 million for the six months ended March 31, 2025. The company booked Gross Profit of $103.18 million for the second quarter versus $127.15 million reported for the similar quarter of 2025.
Administrative Expenses increased by 6% to close at $27.84 million (2025: $26.25 million), while Other Operating Expenses increased by 5% from $126.31 million in 2025 to $132.18 million in the period under review. As a result, total expenses for the six months ended March 31, 2026, amounted to $160.02 million, a 5% increase relative to $152.57 million reported in 2025.
Operating Profit for the six months ended March 31, 2026, amounted to $49.80 million, a 41% decrease relative to $84.35 million reported in 2025. Operating Profit for the second quarter amounted to $17.80 million (2025: $39.18 million). Finance Costs totalled $9,123, a 99% decrease from the corresponding period last year (2025: $1.36 million).
Interest Income for the six months amounted to $13.26 million, broadly in line with the $13.24 million reported in 2025. Share of Profit of Associates decreased by 21% to $48.82 million, compared to $61.85 million in the prior year. For the second quarter, Share of Profit of Associates amounted to $19.49 million, down 43% from $34.31 million in the comparable quarter of 2025.
Profit Before Taxation for the six months ended March 31, 2026, amounted to $113.79 million, a 31% decrease relative to $164.99 million reported in 2025. Profit Before Taxation for the second quarter amounted to $47.62 million (2025: $87.16 million).
Taxation for the six months ended March 31, 2026, had a 48% decrease to reach $17.65 million (2025: $33.68 million). Net Profit for the six months amounted to $96.13 million, a 27% decrease from the $131.31 million reported in 2025. For the second quarter, Net Profit was $39.69 million (2025: $65.18 million).
Consequently, Earnings Per Share for the six months amounted to $0.26 (2025: EPS: $0.35), while Earnings Per Share for the quarter totaled $0.11 (2025: EPS: $0.17). The twelve-month trailing EPS was $0.69, and the number of stock units used in these calculations was 374,658,300.
Notably, CHL’s stock price closed the trading period on May 13, 2026, at a price of $16.25 with a corresponding P/E ratio of 23.43x.
Balance Sheet Highlights
The company’s assets totalled $1.53 billion (2025: $1.39 billion). The increase in total assets was mainly driven by higher short-term deposits, which rose to $707.42 million from $560.89 million, as well as an increase in Investment in Associate, which rose to $593.78 million from $449.89 million. This was partly offset by lower Cash and Cash Equivalents, which declined to $48.46 million from $71.29 million, and a reduction in Property, Plant and Equipment to $126.68 million from $153.93 million.
Shareholders’ Equity was $1.45 billion (2025: $1.25 billion), representing a book value per share of $3.49 (2025: $3.01).
Disclaimer
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