Back 27 Aug 2025

Spindex Industries FY2025 Results: Revenue Stable, Net Profit Down, Maintains Dividend

Link: https://links.sgx.com/1.0.0/corporate-announcements/HH4QL83OVDA85ABQ/c418470fd8fb132fc1ee1825ad6e27c548471feb17e5192f8da738a4d6ddb669

Summary:

  • Group revenue up 0.4% to S$181.0 million (FY2024: S$180.3 million); Imaging & Printing rose 7.1%, Machinery & Automotive down 0.7%, Consumer Products declined 1.0%.

  • Net profit dropped 57.4% to S$6.6 million (FY2024: S$15.6 million), mainly impacted by higher administrative expenses (net forex loss S$5.1m and S$5.5m impairment in China).

  • Gross profit margin steady at 21.2% despite higher costs; gross profit S$38.4 million (up 0.7%).

  • Earnings per share: 5.75 cents (FY2024: 13.49 cents).

  • Net asset value per share: 146.05 cents (up from 144.56 cents).

  • Final dividend: 2.0 cents per share proposed (payable Nov 18, 2025, if approved).

  • Cash and cash equivalents increased to S$62.3 million (from S$61.0 million).

  • Balance sheet remains strong: total loans/borrowings low at S$5.1 million.

  • Outlook: Cautious due to volatility and tariffs; group to prioritize efficiency, operational discipline, and selective investment for growth.

  1. https://links.sgx.com/FileOpen/Spindex_%20FY2025%20Full%20Year%20Financial%20Statement.ashx?App=Announcement&FileID=857307