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16 May 2025
Food Innovators Holdings Limited FY2025: First Half Growth Contrasts with Second Half Decline in Sales and Profitability
Summary:
- This announcement from Food Innovators Holdings Limited provides additional disclosure for its full year results for the financial year ended 28 February 2025 (FY2025), specifically detailing the breakdown of sales and operating profit/(loss) after tax by half-year.
- For the first half of FY2025, sales increased by 4% to S$21,607,000, with operating profit after tax shifting from a loss of S$952,000 in FY2024 to a profit of S$67,000.
- In contrast, for the second half of FY2025, sales decreased by 6% to S$21,529,000.
- Operating profit after tax for the second half of FY2025 changed from a profit of S$1,148,000 in FY2024 to a loss of S$4,239,000, indicating a significant downturn in profitability.