Treasure (TRE) H1 2025 earnings summary

Executive summary

• Net profit for the first half of 2025 reached USD 67.9 million, primarily from Hyundai Glovis share of profit.

• Hyundai Glovis demonstrated resilience and strong third-party volume growth, supporting robust balance sheet and dividend capacity.

• Dividend of NOK 0.70 per share was paid in May 2025.

Financial highlights

• Operating income for H1 2025 was USD 213 thousand, with operating loss of USD 100 thousand.

• Share of profit from Hyundai Glovis was USD 70.5 million, up from USD 49.1 million in H1 2024.

• Profit for the period was USD 67.9 million, compared to USD 46.8 million in H1 2024.

• Basic/diluted EPS for H1 2025 was USD 0.33, up from USD 0.23 in H1 2024.

• Total comprehensive income for H1 2025 was USD 127.7 million, driven by currency translation gains.

Outlook and guidance

• Future performance is closely tied to Hyundai Glovis share price, which is subject to global trade, logistics, and company-specific factors.

• Forward-looking statements are based on reasonable assumptions but subject to significant uncertainties.