Link: https://links.sgx.com/1.0.0/corporate-announcements/WC3L93FQM3GBWYIT/7f4f8b66a8c522f336d2e9ac6a4132b40237b2c9f59fb3117a3593754ca9efbf

Summary:

• Revenue for H1 2025 was S$87.5 million, a 20% increase year-on-year, driven by a 35% rise in sales volume despite an 11% drop in average selling prices.

• Gross profit increased to S$11.0 million; gross profit margin softened slightly from 13.6% to 12.6%.

• Net profit for H1 2025 grew by 5% year-on-year to S$3.62 million.

• Profit before tax from continuing operations was S$4.30 million, a small decrease compared to H1 2024.

• Earnings per share (for continuing operations): 1.32 cents.

• Cash and cash equivalents at 30 June 2025: S$54.77 million.

• Net assets as at 30 June 2025: S$149.8 million.

• Myanmar subsidiary has been disposed of, incurring a loss under discontinued operations.

• No dividend was declared for H1 2025.

• The Group’s operations were not materially impacted by seasonal or cyclical trends during the period.