Link: https://links.sgx.com/1.0.0/corporate-announcements/1FQE4GARJMSX72WM/26cef70d08236fd5a6f8ec103f7b6c9422f668be5361da26400b3340cda194c1

Summary:

• Full-year group revenue down 7.6% to S$106.1 million (FY2024: S$114.9 million), mainly due to softer demand across Metals and Engineering segments.

• Net profit fell to S$9.54 million (FY2025) from S$12.73 million (FY2024); 2H profit also down to S$3.46 million from S$5.69 million prior year 2H.

• Basic and diluted EPS: 8.08 cents (FY2025) vs 10.78 cents (FY2024).

• Gross profit margin contracted to 25.6% (FY2025) from 27.2% (FY2024) on competitive pressures and cost fluctuations.

• Net asset value per share rose to 81.64 cents (from 74.85 cents).

• Final dividend for FY2025: 1.3 cents per share, lower than FY2024’s 1.67 cents.

• Total assets increased to S$179.1 million (from S$159.0 million), partly due to property, plant, and equipment expansion and new investments.

• Cash and cash equivalents climbed to S$20.07 million (from S$17.04 million).

• Significant subsequent events: Further warrant exercise in Eneco Energy, now holding 951 million shares (~28.85% stake), and new property acquisition at 1 Benoi Road, Singapore.

• Management stresses continued vigilance amid market uncertainties, focus on core steel/engineering businesses, and prudent capital deployment.