Link: https://links.sgx.com/1.0.0/corporate-announcements/9NL390RLPEZTE7ST/d6295f21dbec9c79b6e4978a4f1dde78c7be80ad63503a98e86345168235e7bb

Summary:

• Group revenue for FY2025 rose by 6.7% year-on-year to S$64.5 million, led by higher sales in its Marine & Offshore segment.

• Gross profit increased by 3.9% to S$23.4 million, though gross margin slipped to 36.1% from 37.3% due to competitive pricing pressures.

• Profit after tax surged 62.3% to S$1.5 million (FY2024: S$0.9 million), with diluted earnings per share at 0.62 cents (up from 0.38 cents).

• Marine & Offshore segment revenue grew 6.9% year-on-year, while the Others segment (mainly water treatment/property consultancy) grew 3.4%.

• Administrative expenses rose 2.9%, attributed mainly to necessary salary upgrades for competitiveness.

• Finance costs fell 11.3%, and tax expense dropped 28.5%, reflecting lower contributions from higher-tax regions.

• Dividend of S$0.001 per share declared, matching last year.

• Net asset value per share increased to 10.57 cents (from 10.03 cents).

• Total assets as of June 2025 were S$57.1 million; no significant post-balance sheet events reported.

• The company’s primary focus remains on marine, offshore, and oil & gas sectors, with smaller contributions from water treatment and property development.