Link: https://links.sgx.com/1.0.0/corporate-announcements/G04DA1OMTGDP23H9/dbca9c4abb65f7c1a93bd4da27a956d8267e849974ee2d75d2a371a1eb4ee897

Summary:

• Astaka Holdings Limited reported an 11.9% increase in revenue, reaching RM11.727 million for the first quarter of FY2025, largely driven by progressive revenue recognition from The Aliva project.
• The Group achieved an improvement in gross profit, recording approximately RM1.42 million for the quarter, a recovery from a gross loss in the corresponding period of the previous year.
• Despite the revenue growth and gross profit improvement, the Group reported a higher net loss of RM4.62 million for the three-month period ended 31 March 2025.
• The unaudited statements show net cash used in operating activities but net cash generated from financing activities, primarily from advances by affiliated corporations and non-controlling shareholders.
• The Board believes the Group can continue as a going concern, citing support from stakeholders and the controlling shareholder's commitment to provide continued financial support and not demand repayment.