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Rex International swings to 1H FY26 profit of US$84.04 million; revenue falls 59.3% to US$62.75 million
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Rex International swings to 1H FY26 profit of US$84.04 million; revenue falls 59.3% to US$62.75 million
  • Rex International Holding swung to profit after tax of US$84.04 million in 1H FY2026 from a loss, on a US$144.72 million deconsolidation gain.
  • Revenue fell 59.3% to US$62.75 million, reflecting crude oil and gas sales from Oman, Norway, Germany until April 9.
  • Adjusted EBITDA dropped 69.3% to US$20.75 million.
  • Cash, cash equivalents, quoted investments totaled US$19.14 million at June 30, 2026.
  • CEO Per Lind flagged preparations for a three-well Yumna Field drilling program in Oman, with a revised start date to be updated.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rex International Holding Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: I1SYL6J0Q0QAFTS2) on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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