INNEOVA Holdings Ltd (INEO) Form 6-K — Oct 14, 2026
INNEOVA Holdings (formerly SAG Holdings, Nasdaq: INEO) reported H1 FY2026 revenue of approximately $25.8 million, down 16.2% from $30.8 million a year earlier, driven primarily by a $4.3 million decline in its Automotive division. Despite the revenue drop, net income edged up to approximately $0.3 million from $0.2 million, with EPS flat at $0.02, as cost of revenue fell 18% and operating cash flow swung positive to $1.4 million. Revenue declines were attributed to the migration of the retail business from Automotive to Industrial, softer Engineering demand in Singapore, and a roughly $1.5 million Middle East revenue drop tied to the war in the region.
Key figures
- Eps
- 0.02
- Revenue
- 25795000
- Net Income
- 274000
- Revenue Yoy
- -16.2%
- Total Assets
- 47552000
- Cash Position
- 644000
- Shares Outstanding
- 16170000
- Inventories
- 16927000
- Gross profit
- 5433000
- Cost of revenue
- 20362000
- Restricted cash
- 314000
- Prior year revenue
- 30771000
- Operating cash flow
- 1421000
- Income from operations
- 711000
- Accounts receivable net
- 11703000
- Automotive division revenue
- 8100000
- Industrial division revenue
- 16000000
- Engineering division revenue
- 1677000
- Prior year income from operations
- 1102000
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