Link: https://links.sgx.com/1.0.0/corporate-announcements/Y5NIV6TZMYRLAVTL/0449f762b9f037e06b7c8175377b4e995d6e43154c605394dc95aca444afb071

Summary:

• Financial Performance: Medinex Limited recorded a 1.8% increase in revenue to approximately S$12.9 million for FY2025, driven mainly by growth in its business support services segment. Net profit rose to S$2.83 million, a 194% increase over FY2024, supported by higher operational efficiency and cost optimisation.

• Segment Highlights: The business support services segment expanded with new offerings, including payment support, while medical services saw slight declines due to disposals. Pharmaceutical and medical support services revenues also dipped marginally.

• Cost & Efficiency: The Group managed employee costs strategically through overseas hiring despite increased headcount, reduced amortisation and depreciation, and controlled finance costs.

• Cash & Financial Position: Operating cash flow remained strong at S$3.35 million. The Group reduced bank borrowings by S$0.51 million and ended FY2025 with a net cash increase of S$0.39 million.

• Sustainability & ESG: The Group advanced on ESG integration by aligning disclosures with GRI Standards and incorporating TCFD recommendations. Achievements included zero breaches in anti-corruption, customer data privacy, and environmental compliance. Energy use and Scope 1 & 2 emissions were reduced by 4% each, although water consumption increased due to expansion in Malaysia.

• Human Capital & Governance: Workforce diversity maintained with women representing 77% of total employees and 60% of key management. Average training hours increased by 40% to 17.3 hours per employee. Zero discrimination or PDPA breaches were reported.

• Future Outlook: The Group aims to deepen digitalisation, migrate tax and compilation work online, expand service offerings, and continue energy and emission reductions. A new materiality assessment is planned for FY2026 to refine ESG targets.