Back 14 May 2025

Ossia International Limited Navigates FY2025: Revenue Growth and Strong Associated Company Contribution Contrast with Profit Dip

Link: https://links.sgx.com/1.0.0/corporate-announcements/W0UQER85X1KESOTP/fd6f702cbd0f54c0a319edfa736dca7d248da5d2c39d021ad472ccafbc88782c

Summary:

  • Ossia International Limited reported an increase in revenue of 2.7%, reaching $18.383 million for the financial year ended 31 March 2025.
  • Profit for the period, net of tax, decreased by 8.0% to $6.047 million, while total comprehensive income for the year increased to $7.965 million.
  • The Group's share of results of its associated company increased from $5.07 million in the previous year to $6.05 million.
  • Trade and other receivables increased to $8.15 million, which included a $2.95 million buyback consideration receivable and $1.2 million dividend receivable.
  • As at 31 March 2025, the Group had a low gearing ratio of 0.03 times, and no dividend was declared or recommended for the period to conserve capital.