Back 14 May 2025

Katrina Group Ltd. Faces Headwinds in 1Q 2025: Revenue Falls Sharply, Net Loss Reported, Shareholder Support Secured

Link: https://links.sgx.com/1.0.0/corporate-announcements/2E76B0WYCZDHDX29/ef601b8866f234a1565e253d0fe07c46b509d289154c6417d5c754786907988a

Summary:

  • Katrina Group Ltd. reported a decrease in revenue by 21.4% to S$11.2 million for the first quarter ended 31 March 2025.
  • The Group recorded a net loss after tax of S$1.0 million for the quarter.
  • As at 31 March 2025, the Group's working capital position was negative at S$19.3 million.
  • No dividend was declared or recommended for the quarter as the Group was loss-making.
  • The controlling shareholder has provided an undertaking to financially support the Group as and when required for a period of 15 months.