Link: https://links.sgx.com/1.0.0/corporate-announcements/WVMPBYMC6L2L0ZUF/df5831aa2e3fe6a40b736286fab8340ea7bfc64d19dca6af42b6b1408c655d4f

Summary:

• Full-year group revenue: S$480.7 million (up 20% from S$400.7 million last year), led by strong cable & wire and material distribution growth.

  • Cable & wire: S$340.2m (up ~25%)

  • Electrical material distribution: S$107.5m (up ~13%)

  • Test & inspection: S$29.9m; Switchboard: S$3.1m

• Net profit attributable to shareholders: S$25.9 million (up 77.7% from S$14.6 million).

• Gross profit: S$80.2 million (up 20.7%), with group gross margin stable at 16.7%.

• EPS: 5.64 cents (up from 3.18 cents)

• Final & interim dividends: Total S$10.8m paid (final dividend 1.6 cents/share for FY24, interim 0.75 cent/share for FY25).

• Net asset value per share: S$0.483 (up from S$0.45).

• Cash and cash equivalents at year end: S$38.3 million (up from S$27.4m).

• Total assets: S$375.5 million

• Segment notes:

  • Singapore remains the main market, but Malaysia and Vietnam saw significant growth.

  • Higher operating profit and reversals in provisions for onerous contracts boosted results.

• Events after year-end: Subsidiary acquired 25% stake in Singapore’s EV Mobility Pte. Ltd. for $1.5m cash on 1 Aug 2025; binding offers made for Thai and Philippine acquisitions.

• Outlook: Management remains positive, focusing on core strengths, market expansion, and prudent investment.

Tai Sin Electric delivered robust growth in both top line and bottom line, maintained a strong balance sheet, and expanded regionally in FY2025.