CFM Holdings Issues Profit Guidance: Loss Expected for FY2025
Link: https://links.sgx.com/1.0.0/corporate-announcements/5MO2GQMV68ISTQ9T/e0a71c5987931023b110aa83429b669d8aba67815744bbde62b6727490600c50
Summary:
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CFM Holdings expects to report a net loss after tax for FY2025, compared to a net profit in FY2024.
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The anticipated loss is mainly due to significantly lower revenue in the metal stamping, components and parts, and cleanroom segments.
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Revenue decline resulted from customer overstocking in the prior year, end-of-life product cycles, and the maturation of contracts.
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The tooling segment saw some improvement in revenue.
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Lower operational costs and tax expenses were not sufficient to offset the overall revenue drop.
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Unaudited FY2025 results will be announced on or before 29 August 2025.
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Shareholders and investors are advised to exercise caution when dealing in the company’s shares.