Back 16 Jun 2025

Baker Technology Issues Profit Warning for 1H2025 Amid Lower Revenue and FX Losses

Link: https://links.sgx.com/1.0.0/corporate-announcements/8M59NJHHK12V12WK/342ce43f7133846036df394c4b296bc986a929f161c00dc0020a0d05a17e1cef

Summary:

  • Baker Technology expects to report a net loss after tax for the six months ending 30 June 2025 (1H2025), reversing the net profit recorded in the same period last year.

  • The anticipated loss is primarily due to lower revenue and foreign exchange losses from the weakening of the US Dollar against the Singapore Dollar.

  • The figures are based on a preliminary review of the Group’s unaudited management accounts.

  • Full unaudited results for 1H2025 will be released on or before 14 August 2025.

  • Shareholders and investors are advised to exercise caution when trading the Company’s shares.

  • The announcement reflects the Group’s commitment to transparency ahead of earnings disclosure.