Earnings ·
CL Workshop Group reports $1.74M loss on H1 revenue drop to $2.96M
NWGLCL Workshop Group Ltd
CL Workshop Group reported a net loss of $1.74 million for the six months ended June 30, 2026, compared to a net profit of $57,000 in the prior year period. Revenue fell 63.7% to $2.96 million from $8.15 million due to declining consumer demand and lower product prices amid global economic headwinds. Gross profit collapsed to $135,000 from $2.32 million as gross margins compressed significantly across key segments like flooring. The company cited geopolitical conflicts, tariffs, and a downturn in the home building sector as primary drivers of the revenue decline. CL Workshop Group operates as a forestry holding company trading logs, decking, and flooring products globally.