Link: https://links.sgx.com/1.0.0/corporate-announcements/3ZDLLM6ONOHG156O/e5f8f1867060eedba16bd49da44ded4eedc89c4f588b4438245e4c27f78e832c

Summary:

• Group revenue declined 16% to S$24.7 million (FY2024: S$29.6 million), mainly from lower orders in the metal stamping segment across Europe, Malaysia, China, and Singapore.

• Gross profit dropped 37% to S$5.1 million (FY2024: S$8.1 million); gross margin slipped as sales volume fell.

• Net loss after tax of S$305,000, versus a net profit of S$1.8 million last year.

• Loss driven by softer revenue, lower margin, and higher impairment related to subsidiary operations; partially offset by reduced finance and administrative costs.

• Cash and cash equivalents decreased slightly to S$13.4 million (from S$14.0 million), with net cash generated from operations at S$1.75 million.

• Net asset value per share: 11.12 cents (up from 10.98 cents); no dividend declared for FY2025 due to losses.

• Inventory and trade receivables decreased, reflecting tighter working capital.

• Management highlights ongoing impact from global tariffs, supply chain shifts, and slowdowns in Europe and US; cautious outlook for next 12 months.