Back 02 May 2025

Metro Holdings Ltd Forecasts FY2025 Loss Driven by Non-Cash Items and China Property Headwinds

Link: https://links.sgx.com/1.0.0/corporate-announcements/W5UJ6YJGZ1A846EI/1bdecf217a0d396303683004706111d8e5c7df73d1635a7f9b2c2e5850cfa197

Summary:

  • Metro Holdings Limited anticipates reporting a loss attributable to shareholders for the financial year ended 31 March 2025.
  • The expected loss is largely attributed to non-cash items, including fair value losses on investment properties and impairment losses on development properties and underlying investments.
  • Operating results from the Group's associates and joint ventures also contributed to the anticipated loss.
  • The ongoing challenges in the China property sector are highlighted as a significant contributing factor to these losses.
  • Despite the expected loss, its largely non-cash nature is not projected to materially affect the Group’s operational cash flows or corporate funding requirements.