AMOS Group Narrows Losses in FY2025 Amid Improved Margins and Cost Controls
Summary:
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Revenue Decline: AMOS Group's revenue decreased by 22.0% year-on-year to S$74.5 million in FY2025, down from S$95.5 million in FY2024.
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Gross Profit Margin Improvement: Despite the revenue drop, gross profit margin improved to 25.5% in FY2025 from 21.5% in FY2024, indicating better cost management and pricing strategies.
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Reduced Net Loss: The company reported a net loss of S$10.2 million in FY2025, a significant improvement from a net loss of S$24.5 million in the previous year.
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Operating Expenses Lowered: Administrative expenses decreased by 17.0% to S$15.8 million, and distribution costs fell by 11.8% to S$7.6 million, reflecting ongoing efficiency improvements.
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Asset Base Adjustment: Total assets decreased to S$94.6 million as of 31 March 2025, from S$113.7 million the previous year, primarily due to reductions in inventories and trade receivables.
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Liabilities Reduction: Total liabilities were reduced to S$38.1 million, down from S$50.0 million, mainly through repayment of bank borrowings and lease liabilities.
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Positive Outlook: The company continues to focus on operational efficiency and cost control measures to navigate the challenging market conditions and aims to return to profitability in the coming fiscal year.