Back 08 Jul 2025

KOP Limited FY2025: Revenue Falls 14% Amid Project Completion, Returns to Profit with S$1.0 Million Net Income

Link: https://links.sgx.com/1.0.0/corporate-announcements/LV89TKEZJ8ZA4MTH/58570f47668e14e69d8e91607bb4f247d37954be455a9e791441ebf90b00f0c1

Summary:

  • Revenue: Declined by 14% to S$69.7 million (FY2024: S$80.7 million), mainly due to the completion and full sale of Dalvey Haus.

  • Gross Profit: Fell by 21% to S$19.0 million (FY2024: S$24.0 million).

  • Net Result: Achieved a profit after tax of S$1.0 million, reversing last year’s loss of S$1.2 million, driven by cost controls and lower finance costs.

  • Finance Costs: Dropped sharply by 85% to S$0.5 million after repayment of bank and shareholder loans.

  • Hospitality: Montigo Resorts showed resilience with ongoing refurbishments and new leadership.

  • Expansion: Ellen Kensington hotel in London began partial operations under the Montigo brand.

  • Dividend: Proposed final one-tier tax-exempt dividend of 0.09 Singapore cent per share for FY2025.

  • Outlook: Focus on disciplined pursuit of new projects in Singapore, Indonesia, and the UK, with continued emphasis on operational efficiency and sustainability.