Link: https://links.sgx.com/1.0.0/corporate-announcements/BHPILR85ZYP0Q7JQ/735d6c9dd77954b59e70a40b362078f7a49cd147ee98fb8a23287918c6a2e256

Summary:

• Rich Capital Holdings Limited (RCHL) reported a net loss of $1.07 million for the financial year ended 31 March 2025 (FY2025), a marginal improvement from the $1.14 million loss recorded in FY2024.
• Revenue for FY2025 saw a significant decrease to $1.24 million from $4.89 million in FY2024, primarily attributed to the nearing completion of most of the Group's construction projects.
• While cost of sales also decreased, the decline in revenue led to a reduction in gross profit, although general and administrative expenses were lowered by approximately 17%.
• The Group's financial position weakened, with shareholders' equity decreasing to $1.86 million and a net decrease of $1.24 million in cash and cash equivalents for FY2025.
• RCHL maintains a cautiously optimistic outlook for the real estate market, expecting lower revenue in FY2026 as it focuses on carefully evaluating and selecting new construction projects and monitoring market trends; no dividend was declared for FY2025.