Reclaims Global net profit climbs 53.1% to $3.8m in H1

Revenue jumped 52.9% to $33.3m from $21.8m.

Reclaims Global Limited’s net profit jumped 53.1% year-on-year to $3.8m in the first half ended 31 July 2026, up from $2.5m.

Revenue rose 52.9% to $33.3m from $21.8m a year earlier, whilst profit before tax climbed 64.9% to $4.7m from $2.9m.

Excavation Services remained the largest revenue contributor, increasing 47.3% to $24.1m from $16.4m.

Revenue from Logistics and Leasing grew 52% to $7.2m from $4.8m, whilst Recycling revenue surged 171.9% to $1.7m from $600,000.

Higher business volumes also lifted the group’s costs, including materials, services, and consumables as well as employee expenses.

Reclaims Global said it was more selective in bidding for new projects during the first quarter amidst volatile energy prices.

Higher diesel costs were factored in for later tenders, it added.

The group completed two freehold property investments during the half, including the $35.1m acquisition of Lasidon Holdings Pte. Ltd., which owns a commercial property at 291 Serangoon Road.

It also bought an industrial property at 464 Tagore Industrial Avenue for $20.5m.

Reclaims Global declared an interim dividend of 0.25 cents per share.

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