Link: https://links.sgx.com/1.0.0/corporate-announcements/VBID9QAVROOVJ5YV/769c7be75ed25864e8a76e24ba1133bee529f9c581a8beaef62619c44317a2b1

Summary:

• Annica Holdings Limited has released its unaudited consolidated financial results for the first quarter ended 31 March 2025.
• The company reported a significant 63% increase in revenue, reaching S$2.85 million, primarily driven by improved performance in its integrated engineering solutions in Indonesia and the renewable segment.
• Gross profit also saw a substantial rise of 54% to S$1.4 million for the quarter.
• Annica successfully reduced its loss from continuing operations to S$(99,000) in 1Q2025, a notable improvement from the S$(218,000) loss in the same period last year.
• The Group, involved in oilfield equipment trading, industrial plant engineering services, and renewable energy systems, is strategically positioned to leverage opportunities within the Southeast Asia energy sector.