Link: https://links.sgx.com/1.0.0/corporate-announcements/0PKXZXE56VCNXM31/337c94691a58e1a4b6dcb7394497281e16181b16038f2adb23912a6b3f341952

Summary:

• Group revenue fell 10% to S$7.37 million (FY2024: S$8.18 million) driven by lower sales in Trading & Distribution; Precision Engineering saw modest growth from data storage sector demand.

• Gross loss narrowed to S$0.31 million (FY2024: S$0.60 million), with negative gross margin improving to -4.2% (FY2024: -7.3%) due to better production and machine utilization.

• Administrative expenses rose 1.7% to S$1.46 million, mainly from higher directors’ and professional fees.

• Loss after tax improved to S$2.39 million (FY2024: S$2.72 million), with basic/diluted loss per share at 2.22 cents (FY2024: 2.53 cents).

• Cash and cash equivalents declined by S$1.75 million to S$3.62 million, mainly due to higher net cash used in operating activities.

• Overall net asset value per share fell to 6.92 cents (from 9.03 cents).

• No final dividend is proposed for FY2025, in order to conserve cash for working capital and capex.

• Management remains cautious due to a challenging and volatile economic outlook, focusing on marketing, cost controls, and future growth opportunities.