Link: https://links.sgx.com/1.0.0/corporate-announcements/LRBX8MVM8KGYUQBS/8cae19e7a9bf79a2fbc7c2a2dc2836fb22971dff065d710045d1b75553a1a25c

Summary:

• Full-year group revenue grew 5.6% to S$17.6 million, supported by a major SG60 project.

• Gross profit up 7.8% to S$8.85 million; gross margin improved to 50.2%.

• Continuing operations posted net profit of S$0.26 million (vs. net loss of S$0.85 million last year).

• No dividend declared for FY2025, as cash is being preserved for operational liquidity and investments.

• Cash and cash equivalents declined to S$4.25 million (from S$9.8 million), largely due to substantial investments in new property development projects.

• Non-current liabilities rose sharply, mainly due to S$33.5 million in new borrowings for property development.

• SG60 government contract and new land acquisition are expected to support future performance, despite challenging gifts market conditions.

• Net asset value per share: 31.26 cents (down from 42.83 cents).

• No significant changes to share capital or treasury shares during the year.