Early signs of stabilisation in a year of transition
Q2 2026 KEY INDICATORS (Apr–Jun)
Jan–Jun 2026 KEY INDICATORS (H1)
Aaron Wong, Interim CEO of Magle Group, commented:
"The second quarter showed early signs of stabilisation. Revenue recovered against the second quarter last year, supported by improved production efficiences. EBITDA in the second quarter was positive, which was an improvement both on the same period last year and preceding quarter.
These are early indicators. The Group remains loss-making, the quarter still carried substantial non-recurring costs connected with the restructuring, and the reported figures should not be read as the run-rate of the business. In parallel, we have agreed with our principal bondholders the terms of a recapitalisation of the balance sheet, which is now being implemented and on which the Group's continued operation depends. There remains a great deal to do. As stated in the first quarter, the turnaround is expected to take twelve to eighteen months, and our progress is better judged over that period than on any single quarter."