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