Link: https://links.sgx.com/1.0.0/corporate-announcements/GG2HBDAGAFSKXJ1Z/3f563952161957a1050bbebd67f7068a51a04cae62de19d479f6b87d6111c88b

Summary:

• Memiontec Holdings Ltd. anticipates reporting a net loss for the six-month period ended 30 June 2025, contrasting with a net profit in the same period last year.

• Losses are primarily attributed to lower gross margins from ongoing PUB projects in Singapore under their Total Solutions with Engineering, Procurement, and Construction segment.

• The reduced margins are a result of prolonged construction periods leading to higher manpower and finance costs.

• Project budgets have been revised to reflect increased cost estimates through to project completion.

• The affected projects are expected to be completed by the end of the financial year ending 31 December 2025, barring unforeseen circumstances.

• Detailed 1H2025 financial results will be released on or before 14 August 2025.

• Shareholders and potential investors are advised to exercise caution when dealing in company shares.