Link: https://links.sgx.com/1.0.0/corporate-announcements/BE3JWVMI5HWZZQQJ/42776e9774285d9e078250f294c052d414218bd711096987db5b7ed66f4b7784

Summary:

• Revenue: Rose 31.2% to S$242.96m in 1H2025, driven by stronger performance across core segments.

• Net profit: Jumped 76.4% to S$31.83m, reflecting operating leverage from higher sales and segment mix.

• Pre-tax profit: Increased 77.6% to S$40.12m, signaling broad-based margin improvement.

• Retail and trading: Segment revenue climbed 43.2% to S$187.7m, supported by higher gold prices and increased trading volume.

• Pawnbroking: Revenue up 7.2% to S$43.2m, underpinned by higher interest income from an expanded pawnbroking receivables portfolio.

• Operating results: Record performance attributed to robust core business growth and strengthened retail/trading capabilities in Singapore and Malaysia.

• Cash and equivalents: Stood at S$18.9m as at 30 June 2025, supporting ongoing operations and expansion.

• Geographic expansion: Strategic growth in Singapore and Malaysia continued to gain momentum through organic initiatives and acquisitions.

• Costs and productivity: Management highlighted continued focus on productivity enhancements and cost efficiency to sustain margins.

• Macroeconomic factors: Expected interest rate reductions seen as supportive for financial performance going forward.

• Outlook: Company plans to sustain momentum via organic expansion and selective M&A, leveraging diversified offerings and a customer-centric approach.

• Leadership comment: Management emphasized innovation and disciplined execution as key drivers of sustainable, long-term value creation.