Link: https://links.sgx.com/1.0.0/corporate-announcements/ZHNU38LOGH8APIJV/c8eabb9817fc3aec7bc6f6e6b59bd37b887b00bfdad4d208561a330046528950

Summary:

• Group revenue: S$29.8 million (virtually flat from FY2024). Modern trade revenue dipped, general trade and export sales rose, food services slightly down.

• Gross profit: S$7.4 million (up 1.6%); gross margin improved to 24.8% (from 24.4% previous year).

• Net loss after tax: S$305,000 (FY2024: loss of S$227,000) driven by higher marketing, admin, and finance costs; partial offset from a gain on joint venture disposal and forex gains.

• EPS: Loss per share 0.14 cents (vs. 0.11 cents last year).

• Segment/geographic notes: Singapore revenue fell 4.6%, Malaysia up 12.1%, exports up 15.9%. General trade and “Others” (export/e-commerce) segments showed strength.

• Balance sheet/cash: Net asset value per share: 12.29 cents (down slightly). Cash and cash equivalents: S$2.6 million (down from S$5.6 million). Borrowings rose (new factory investment).

• No dividend for FY2025—cash preserved for working capital and future growth.

• Strategic update: Group is managing cost discipline, operational efficiency, and preparing for the full launch of its new manufacturing facility in Malaysia. Market conditions remain highly competitive and cost pressures/high meat prices are ongoing.

The company plans to realize long-term benefits from efficiency improvements, export expansion, and the new plant, despite reporting losses in the last two years.