Link: https://links.sgx.com/1.0.0/corporate-announcements/N97I5J3QTOK1ER3S/e7455ed01488fe780718be2c0a3c8ffb01374b4541e8fa8dd2a74e849e5638da

Summary:

• Net sales rose 7% to US$67.4 million for FY2025, driven by new product introductions and growth across Asia Pacific (+9%), the Americas (+3%), and Europe (+10%).

• Gross profit margin declined to 28% (from 30% in FY2024) due to U.S. tariff pressures, impacting overall profitability.

• Net loss narrowed slightly to US$10.5 million (vs. US$10.8 million in FY2024); net loss for 2H FY2025 was US$4.4 million (vs. US$6.8 million in 2H FY2024).

• Losses included a US$3.1 million employee severance payment; excluding this, FY2025 net loss was US$7.4 million.

• Operating expenses and R&D costs fell, reflecting payroll reductions after restructuring; net cash used in operations was US$11.5 million for the year.

• Group maintained a healthy net asset value per share of US$0.58 at 30 June 2025, but cash and cash equivalents decreased to US$29.8 million.

• No final dividend recommended for FY2025.

• Outlook: Company expects operational efficiencies and strategic initiatives to support gradual improvement in FY2026, but remains cautious due to global macro uncertainties, U.S.-China tariff risks, and potential challenges in semiconductor supply and demand.