Earnings ·
INNEOVA reports $25.8M revenue, down 16% in H1 2026
INEOINNEOVA Holdings Ltd
INNEOVA Holdings reported unaudited interim results for the six months ended June 30, 2026, showing total revenue of approximately $25.8 million, a decrease of 16.2% from $30.8 million in the prior year period. Net income was approximately $0.3 million, up slightly from $0.2 million in H1 2025, while operating income declined to $0.7 million from $1.1 million. The revenue drop was primarily driven by a $4.3 million decrease in the Automotive Division and lower demand in the Middle East due to regional conflict. The company operates as a Singapore-based provider of automotive and industrial spare parts and engineering services.