Back 14 May 2025

Figtree Holdings Limited Faces Significant Headwinds in 1Q 2025: Increased Loss, Sharp Revenue Drop, and Going Concern Doubts

Link: https://links.sgx.com/1.0.0/corporate-announcements/WYZ2CH8VJGJ6QILK/0992cb759decd46e74f63b4f94461fecbd1bfee85c39d0249839ff8beed1c763

Summary:

  • Figtree Holdings Limited is releasing quarterly financial statements following a disclaimer of opinion issued by its auditors for recent financial years.
  • The Group reported an increased loss for the first quarter of 2025, with a loss of S$1,462,255 compared to S$1,061,189 in the corresponding period of the previous year.
  • Revenue for the quarter decreased significantly by 91.9% to S$179,026, resulting in a gross loss of S$47,233.
  • Basic and diluted loss per share increased to (0.39) cents for the quarter.
  • The Group faces material uncertainties, including net current liabilities and the net loss for the period, which may cast significant doubt on its ability to continue as a going concern.