Mewah International Inc. · SGX:MV4
Mewah International — H1 2026 Earnings Presentation
24 slides from Mewah International's earnings presentation, August 2026
Slide 1: H1 2026 Financial Results Summary
H1 2026 Financial Results Summary
Slide 2: Notice
NOTICE This presentation has been prepared by Mewah International Inc. for information purposes and should be read together with the Financial Statements for the First Half Year Ended 30 June 2026 (“H12026”) which were lodged to SGXNET on 14 August 2026. This presentation is not to be interpreted as
Slide 3: Contents
CONTENTS Cash Flow Statement Balance Sheet Income Statement Performance Summary Mewah International Inc. | H1 2026 Financial Results Summary 2
Slide 4: Performance Summary
Performance Summary Income Statement Balance Sheet Cash Flow Statement PERFORMANCE SUMMARY Mewah International Inc. | H1 2026 Financial Results Summary 3
Slide 5: H1 Performance Summary
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 PERFORMANCE SUMMARY NET PROFIT* In US$mil -68.7% 37.6 11.8 H1 2025 H1 2026 * Profit after tax attributable to equity holders of the Company Mewah International Inc. | H1 2026 Financial Results Summary 4
Slide 6: CPO Prices
Performance Summary Income Statement Balance Sheet Cash Flow Statement CPO PRICES H1 2025 H1 2026 CPO Prices (USD) 1,400 CPO Prices (RM) 6,000 Operating Margin per MT (USD) 1,200 Operating Margin % 5,000 CPO Prices - MYR per MT CPO Prices - US$ per MT 1,000 4,000 800 3,000 600 4.9% 2,000 400 4.1% 20
Slide 7: Income Statement
Performance Summary Income Statement Balance Sheet Cash Flow Statement INCOME STATEMENT Mewah International Inc. | H1 2026 Financial Results Summary 6
Slide 8: H1 Income Statement
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 INCOME STATEMENT % H1 2026 H1 2025 change Sales volume (MT'000) 2,365.0 2,537.3 -6.8% Average selling prices per MT (US$) 1,188.7 1,177.9 0.9% Revenue 2,811.3 2,988.7 -5.9% OM per MT (US$) 48.8 58.0 -15.9% Operating margin ("O
Slide 9: H1 Sales Volume & Revenue
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 SALES VOLUME & REVENUE In US$ million, unless stated otherwise Change H1 2025 H1 2026 -6.8% +0.9% % Sales Volume -5.9% 2,537.3 2,365.0 -6.8% (MT’000) Avg Selling Price 2,988.7 1,177.9 1,188.7 0.9% 2,811.3 (ASP) (US$) Revenue 2
Slide 10: H1 Segmental Sales Volume & Revenue
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 SEGMENTAL SALES VOLUME & REVENUE In US$ million, unless stated otherwise BULK H1 2025 H1 2026 Change % -4.2% 3.1% Sales Volume (MT’000) 1,986.3 1,903.2 -4.2% 2,245.0 -1.2% 2,218.1 Avg Selling Price (ASP) 1,130.2 1,165.5 3.1% (
Slide 11: H1 Geographical Spread – Revenue
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 GEOGRAPHICAL SPREAD – REVENUE TOTAL Based on Billing address of the customer Americas Pacific Americas Pacific Europe Europe 1% Oceania 1% Oceania 4% 3% 2% 2% Middle East Middle East 9% 13% Africa 4% H1 2026 Africa 5% H1 2025
Slide 12: H1 Geographical Spread – Revenue: Bulk
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 GEOGRAPHICAL SPREAD – REVENUE BULK Based on Billing address of the customer Europe Pacific Europe Pacific 2% Oceania 2% Oceania Middle East 1% 1% Middle East 10% 15% Rest of Asia 23% H1 2026 Rest of Asia H1 2025 22% Malaysia/
Slide 13: H1 Geographical Spread – Revenue: Consumer Pack
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 GEOGRAPHICAL SPREAD – REVENUE CONSUMER PACK Based on Billing address of the customer Pacific Americas Pacific Americas Oceania Europe 3% Oceania 7% 5% 7% 3% Europe 9% Malaysia/ Singapore Malaysia/ 26% Middle East Singapore Mid
Slide 14: H1 Operating Margin
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 OPERATING MARGIN In US$ million, unless stated otherwise Change H1 2025 H1 2026 % -6.8% -15.9% Sales Volume 2,537.3 2,365.0 -6.8% (MT’000) -21.6% Operating Margin per 147.0 58.0 48.8 -15.9% MT (US$) 115.3 Operating Margin 147.
Slide 15: H1 Segmental Operating Margin
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 SEGMENTAL OPERATING MARGIN In US$ million, unless stated otherwise BULK H1 2025 H1 2026 Change % Sales Volume (MT’000) 1,986.3 1,903.2 -4.2% -4.2% 2.1% 86.1 84.2 -2.2% Operating Margin per MT 43.3 44.2 2.1% (US$) H1 2025 Volum
Slide 16: Balance Sheet
Performance Summary Income Statement Balance Sheet Cash Flow Statement BALANCE SHEET Mewah International Inc. | H1 2026 Financial Results Summary 15
Slide 17: Source & Application of Capital
Performance Summary Income Statement Balance Sheet Cash Flow Statement SOURCE & APPLICATION OF CAPITAL Balance Sheet as at 30 June 2026 In US$ million 1,507.7 1,507.7 Current net debt 494.1 52.4% Working 943.0 capital Equity 62.5% 47.6% 448.9 Non-current 118.0 Long-term debt investments 20.9% 564.7
Slide 18: Source & Application of Capital
Performance Summary Income Statement Balance Sheet Cash Flow Statement SOURCE & APPLICATION OF CAPITAL In US$ million 30-Jun-26 % 31-Dec-25 % Change Long-term investments 564.7 37.5% 550.8 35.8% 2.5% Working capital 943.0 62.5% 986.9 64.2% -4.4% Total investments 1507.7 100% 1537.7 100% -2.0% Equity
Slide 19: Source & Application of Capital
Performance Summary Income Statement Balance Sheet Cash Flow Statement SOURCE & APPLICATION OF CAPITAL In US$ million 30 Jun 2026 31 Dec 2025 1,507.7 1,507.7 1,537.6 1,537.6 Current net debt Current net debt 494.1 515.0 32.8% 33.5% Working capital Working capital 943.0 Non-current net debt 986.8 Non
Slide 20: Liquidity
Performance Summary Income Statement Balance Sheet Cash Flow Statement LIQUIDITY In US$ million Non-current debt Current debt Cash & cash equivalents Term loan repayment schedule 30 Jun 2026 Gross debt and (in US$ million) Gross debt, 819 Gross debt, 662 Gross debt, 800 net debt Net debt, 644 Net de
Slide 21: Cycle Time
Performance Summary Income Statement Balance Sheet Cash Flow Statement CYCLE TIME 57 46 44 69 66 66 FY 2024 FY 2025 H1 2026 FY 2024 FY 2025 H1 2026 Cycle time Inventory days FY 2024 FY 2025 H1 2026 40 30 22 (10) (13) (15) FY 2024 FY 2025 H1 2026 Trade receivable days Trade payable days * Cycle time
Slide 22: Cash Flow Statement
Performance Summary Income Statement Balance Sheet Cash Flow Statement CASH FLOW STATEMENT Mewah International Inc. | H1 2026 Financial Results Summary 21
Slide 23: H1 Cash Flow Statement
Performance Summary Income Statement Balance Sheet Cash Flow Statement H1 CASH FLOW STATEMENT H1 2026 H1 2025 Operating cash flows before working capital changes 63.3 93.7 Changes in operating assets and liabilities 39.8 (140.4) Net interest and income tax payment (24.2) (27.3) Net cash flows from/(
Slide 24: Thank you
Thank you Any questions, contact: Rajesh Shroff, Chief Financial Officer Ph: (65) 6829 5255| mail: ir@mewahgroup.com Mewah International Inc. | H1 2026 Financial Results Summary 23