Proplastics Limited delivered a strong performance for the six months ended 30 June 2026, with revenue, profitability and cash generation all improving year-on-year despite a challenging global operating environment.
Revenue rose 22% to US$11.73 million from US$9.59 million in the same period last year, supported by a 23% increase in sales volumes. Export sales at US$0.6 million were in line with the company’s strategy. Gross profit increased to US$3.89 million from US$3.23 million, while profit before tax jumped 50% to US$901,323. Profit for the period nearly doubled, rising 79% to US$623,819 compared to US$348,168 in H1 2025, with basic earnings per share improving to 0.24 cents from 0.13 cents. Overheads were well contained at 22% of turnover.
The balance sheet remained solid. Total assets grew to US$26.58 million from US$24.71 million at 31 December 2025, driven by property, plant and equipment of US$14.40 million and a build-up in inventories to US$7.09 million ahead of the peak demand season. Trade and other receivables stood at US$4.14 million.
Cash flow from operations was healthy at US$1.18 million, up from US$996,124. The company invested US$341,340 in property, plant and equipment, and paid out US$294,000 in borrowings.
In its commentary, the company noted that while global geopolitical tensions and supply chain pressures continued, local conditions remained stable. Proplastics benefited from demand across agriculture, mining, water, construction and government infrastructure projects. With demand expected to remain firm into the second half, the company said it is well positioned to capitalize on opportunities and continues to invest in capacity, efficiency and sustainability through its ESG framework.
