Straco Corporation posted a net profit attributable to shareholders of S$2.94 million for the six months ended Jun 30, 2026, down 45.1% year-on-year as fewer visitors at its China attractions and a month-long shutdown of the Singapore Flyer weighed on earnings.

Group revenue declined 19.3% YoY to S$26.38 million, while basic earnings per share slipped to 0.34 Singapore cents from 0.63 cents a year earlier. The board did not declare an interim dividend, consistent with the prior-year period; a final dividend of 1.50 cents a share for FY2025 was paid earlier in the year.

By segment, the aquariums division remained the main profit generator, contributing S$6.84 million in pre-tax earnings, 13% lower YoY. The Singapore giant observation wheel and related attractions (GOW) swung to a pre-tax loss of S$2.66 million from a profit of S$2.01 million, reflecting the suspension of rides at the Singapore Flyer in March for cable-replacement works. The smaller “Others” segment, which includes the cable-car facility, earned S$0.37 million, down from S$0.47 million.

Overall visitation across Straco’s sites fell 18% to 1.06 million. China attractions saw combined revenue dip 8% YoY to S$17.0 million as cautious consumer spending tempered domestic tourism demand. Revenue at the Singapore Flyer dropped more than 30% to S$9.37 million following the temporary closure.

Total expenses, excluding finance costs, declined 11.9% to S$22.54 million, helped by lower utilities tariffs in Singapore and reduced professional fees, partly offset by higher marketing spend and an increase in sales commissions to ferry operators at Underwater World Xiamen. A foreign-exchange gain of S$1.38 million, stemming from a stronger renminbi against the Singapore dollar, also cushioned earnings.

During the half, the group invested S$4.48 million in capital expenditure, mainly for spoke-cable replacements and restroom upgrades at the Singapore Flyer and refurbishment works at its aquariums. Net operating cash inflow halved to S$5.68 million, while cash and cash equivalents stood at S$179.33 million at period end.

Looking ahead, Straco highlighted subdued consumer sentiment in China despite steady domestic travel volumes, and noted that emerging attractions and continued growth in Singapore’s tourism sector could reshape competitive dynamics. The company said it will monitor macroeconomic uncertainties and manage operations prudently over the next 12 months.