Link: https://links.sgx.com/1.0.0/corporate-announcements/74X55SFIWIYCMJLD/082953bbc4f0ad4f83a431cf946f5f34e9c83d6f35ed8fcbb6c45ca133ab1a51

Summary:

• Full-year group revenue grew 16% to S$57.8 million (FY2024: S$49.8 million), with strongest demand from engineering services and sales of chemicals/equipment in the Distribution and Services Solutions (DSS) segment.

• Gross profit rose 15% to S$12.2 million, maintaining gross margin at 21%.

• Net profit (attributable to shareholders) was S$3.6 million (vs. S$3.8 million loss in FY2024), thanks to higher activity, the gain on subsidiary disposal, and recovery from discontinued operations.

• Earnings per share: 2.19 cents (vs. loss of 2.31 cents in FY2024).

• Dividends: Special interim dividend of 5 cents per share paid in FY2025; 1 cent per share final dividend for previous year (FY2024: 1 cent per share only).

• Net asset value per share: 56.94 cents (down from 59.74 cents), mainly due to distribution and FX translation losses.

• Cash and cash equivalents: S$52.2 million (vs. S$54.9 million).

• Completed disposal of Axis-Tec Pte. Ltd. (APSS segment), booking a gain and shifting focus toward property, engineering, and new ventures (sports/lifestyle).

• Management outlook: cautiously optimistic, focusing on service innovation, prudent expansion, and further capital deployment.