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13 May 2025
OneApex Limited Faces HY2025 Challenges: Increased Loss, Revenue Decline, and Significant Decrease in Asset Base
Summary:
- OneApex Limited reported an increased loss of approximately S$0.63 million for the half year ended 31 March 2025, compared to a loss of approximately S$0.26 million in the corresponding period of the previous year.
- Revenue from continuing operations decreased by 19% year-on-year to S$21,000.
- Other income saw a significant increase of 555% to S$216,000, and the Group recorded a gain of approximately S$0.04 million from the sale of discontinued operations.
- Total assets decreased significantly by approximately S$11.18 million, from S$24.99 million as at 30 September 2024 to S$13.81 million as at 31 March 2025.
- Net asset value per ordinary share decreased from 19.96 Singapore cents as at 30 September 2024 to 9.73 Singapore cents as at 31 March 2025.