Link: https://links.sgx.com/1.0.0/corporate-announcements/0BK0VY5D8FMT4OR4/9b58d9b596cd1fa33c29fa235968d3f8fce12d6db904bfc82f54d45bc797db36

Summary:

• Sevens Atelier Limited experienced a significant 90% decrease in revenue, reporting S$0.18 million for the first quarter ended 31 March 2025.
• The substantial revenue decline was attributed to projects in their final completion stages or early phases where performance obligations were not yet met.
• This resulted in a significant decrease in gross profit and an increased loss before tax of S$507,000 for the quarter.
• Despite the challenging quarterly financials, the company has a secured order book of S$15.62 million in its Design & Build division, offering revenue visibility.
• The Board has affirmed that the going concern basis is appropriate for the financial statements, notwithstanding the widening negative working capital position.