Nature Wood Group Limited, which rebranded to CL Workshop Group Limited on December 29 2025, posted a net profit of $0.1 million for the six months ended June 30 2025, a turnaround from a $0.2 million loss in the same period a year earlier. Revenue fell 24.8 % to $8.9 million, driven largely by a $0.8 million contribution from a discontinued operation; core business revenue was $8.1 million, down from $11.9 million in the prior year.
The revenue decline reflects a broader contraction in the home‑building and renovation markets, where demand has weakened and product prices have slipped. The company’s core segments—wood panels and decorative plywood—saw modest sales, while the discontinued operation’s sale provided a one‑time boost that masks underlying weakness in the core business.
Selling and distribution costs dropped 26.2 % to $1.0 million, in line with lower sales volumes. Administrative expenses, however, rose 53.8 % to $1.5 million, largely due to investments in expanding the product mix and supporting the new carbon‑credit and decorative‑plywood initiatives. The higher overhead is a deliberate cost‑optimization strategy aimed at positioning the company for future growth.
The $0.1 million profit was largely a result of a gain on the disposal of the discontinued operation, which offset higher operating costs. While the one‑time gain lifted earnings, it also highlights that the core operating margin remains under pressure, underscoring the need for sustained demand recovery and cost discipline.
Beyond the earnings, the company completed a significant corporate overhaul: a new controlling shareholder acquired 86.82 % of the shares on October 22 2025, new board and senior management were installed on November 3, and a share reorganization created Class A and Class B ordinary shares effective December 29. The rebranding to CL Workshop Group Limited and the expansion of the carbon‑credit business—cemented by a sale and purchase agreement in late 2024—signal a strategic pivot toward higher‑margin, sustainability‑focused revenue streams.
Management emphasized that cost‑optimization initiatives and the development of new revenue streams such as carbon credits and decorative plywood are central to its strategy. The company remains cautious about the near‑term demand outlook but is confident that the new initiatives will drive long‑term profitability once the core business stabilizes.
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