Back 26 Jun 2025

Renaissance United Signals FY2025 Loss Amid Rising Gas Distribution Costs and Asset Impairments

Link: https://links.sgx.com/1.0.0/corporate-announcements/C0RG270QAQ1DEI5I/9edf732774dc7a51c5d25b335aa9e54b1a7081cd37dee9a11ca259da9bb9fcb8

Summary:

  • Renaissance United Limited expects to report a net loss for the financial year ended 30 April 2025 (FY25).

  • The loss is mainly driven by weaker performance in the Group’s gas distribution business.

  • Elevated operational costs have pressured margins in the gas segment.

  • The company has impaired the carrying value of related intangible assets.

  • Full unaudited FY25 results will be released on or before 29 June 2025.

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