SST 2026 Appendix 4D - Half Yearly Results

Key points

• Revenue increased by 14.3% to K413.4 million
• Profit after tax decreased by 12.2% to K21.8 million
• Proposed interim dividend of 35 toea, subject to approval

Full summary

Steamships Trading Company Ltd (SST) has released its half-yearly results for the six months ended 30 June 2026. The company reported a 14.3% increase in revenues from ordinary operations to K413.4 million, up from K361.6 million in the same period last year. Profit after tax decreased by 12.2% to K21.8 million, compared to K24.8 million in the previous year. The decrease in profit was primarily due to a K6.8 million cash expenditure related to the ongoing upgrade of the enterprise resource planning (ERP) system, partially offset by a net gain of K1.1 million from insurance proceeds and K0.4 million from property disposals. The company's underlying profit attributable to shareholders increased by 27.2% to K25.5 million. The company's net operating cash flow increased to K115.8 million from K69.3 million in the previous year. The company had K28.0 million in cash and bank on 30 June 2026, compared to K37.9 million on 30 June 2025. An interim dividend of 35 toea has been proposed, subject to board approval.

Guidance

Revenue increased 14.3% to K413.4 million, profit after tax decreased 12.2% to K21.8 million

Outlook

Steamships remains cautiously optimistic about trading conditions for the second half of the year, supported by ongoing investments and strengthening business sentiment.