Tai Sin Electric warns of profit hit as copper spike triggers provisions

Company says contracts won at fixed prices were unfinished at 31 Dec. 2025, prompting added provisions after copper rose.

Tai Sin Electric expects to report a significantly lower net profit for the half year ended 31 Dec. 2025, citing a sharp rise in copper prices that triggered additional provisions for onerous contracts.

The company said the profit decline stems primarily from a sudden surge in copper prices towards the end of Dec. 2025.

This required the group to make additional provisions for contracts secured earlier at fixed selling prices that remained uncompleted as of 31 Dec. 2025, the filing showed.

Tai Sin said it is finalising its unaudited management accounts for 1HFY2026. The group will disclose further details on its financial performance when it releases its unaudited consolidated results via SGXNet before 14 Feb.

The company advised shareholders and potential investors to exercise caution when dealing in its shares pending the release of the full financial results.

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