YHI International Ltd reported a net loss of S$0.1 million for the 12 months ended Dec 31 2025, reversing from a profit of S$9.5 million a year earlier, as one-off retrenchment expenses and the shutdown of its Suzhou and Taiwan alloy-wheel plants weighed on the bottom line.

Basic earnings per share fell to a loss of 0.31 Singapore cent from earnings of 3.29 cents a year ago. The board has proposed a first-and-final cash dividend of 1.72 cent per share, down from 2.30 cents a year earlier; the payment date will be announced later.

Group revenue slipped 3.2 per cent year-on-year (YoY) to S$393.3 million. Distribution activities, which contributed 84.4 per cent of turnover, edged up 0.7 per cent to S$331.8 million, supported by higher tyre and wheel sales. Manufacturing revenue fell 20.1 per cent YoY to S$61.5 million after the mid-year plant closures.

By operating segment, distribution delivered S$13.6 million in profit before tax (PBT), down 13.9 per cent, while manufacturing recorded a PBT loss of S$10.5 million versus a S$2.3 million profit previously. The rental segment contributed PBT of S$2.0 million, broadly stable YoY.

Administrative expenses rose 17.1 per cent to S$54.9 million after the group booked S$8.3 million in retrenchment costs tied to the plant shutdowns. Finance costs increased 10.7 per cent to S$3.6 million on higher borrowing levels, although net cash from operations improved to S$23.0 million.

Looking ahead, the group said it will consolidate all wheel manufacturing into its Malaysia facility by end-Mar 2026, convert the Suzhou site into a rental asset and continue restructuring efforts to streamline costs. Management described the outlook for its core tyres and energy distribution businesses as “resilient” but cautioned that global trade tensions and economic uncertainty remain key risks.