Link: https://links.sgx.com/1.0.0/corporate-announcements/4SFT0VISX33P7NIF/63394a3166251e0062934e7dd51f1bc2e61d2c80e45de04ff2a80b85c4311795

Summary:

• The Group expects to report a net loss for the half year ended 30 June 2025 (1H2025), compared to a net profit of S$5.0 million in 1H2024 and S$2.8 million for FY2024.

• Losses mainly result from finalizing losses on projects secured before the Covid pandemic, which were affected by higher material, labour, and subcontracting costs.

• This guidance is based on unaudited management accounts; more details will be released with the 1H2025 results by 12 August 2025.

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