Link: https://links.sgx.com/1.0.0/corporate-announcements/DVBW4LLN33Q6IZAN/a1066f79ecf951cd5249889519db9798308ca9d016b459cbd8dc94ab83fb403d

Summary:

• Financial Overview (1H2025):

  • Revenue: $35.1M, flat YoY (↓0.2%)

  • Net Profit: $31K, ↓87.7% from $251K in 1H2024

  • Gross Profit: Up slightly by 1.1% to $12.5M

  • EPS: Fell to 0.03 cents (from 0.22 cents)

  • NAV/share: 34.46 cents, down 1.7%

  • Cash Position: Strong at $14.1M

• Segment Performance:

  • Fish: Revenue up 5.3% to $15.2M; profit ↓11.8% due to lower handling fees

  • Accessories: Revenue ↓3.9% but profit ↑81.3% from improved margins and inventory management

  • Plastics: Revenue ↓4.4%, profit ↓23.2% due to higher raw material costs and product mix changes

• Operating Challenges:

  • Global volatility from geopolitical tensions, rising energy prices, and US tariffs

  • Ongoing supply chain disruptions and cost escalations from regional sourcing shifts

• Strategic Response & Outlook:

  • Doubling down on innovation, AI adoption, and regional distribution expansion

  • Exploring strategic partnerships to diversify revenue streams

  • Group expects to remain profitable in 2H2025, barring unforeseen challenges