Link: https://links.sgx.com/1.0.0/corporate-announcements/KJOGFO307ETYPRK0/69a4464d1286d81ed45f9b4371bbf5a760da6784a965496519d228ffc9668038

Summary:

• Revenue: S$28.04 million (up 17.3% from S$23.91m last year). Gains came from higher revenue in Security & Manpower, Transport, and a new Investment Properties segment, offset by lower Engineering Services.

• Profitability: Net loss after tax was S$891,000, versus a loss of S$593,000 in FY2024. Loss per share: 0.61 cents.

• Gross profit: S$3.65m (up 20.5%). Margin rose to 13% (from 12.7%), mainly due to higher bus utilization and better-margin Security & Manpower contracts.

• Segment breakdown:

  • Engineering Services: Revenue S$7.89m (down, mainly from contract completions last year)

  • Transport Services: Revenue S$5.55m (up, more/longer contracts)

  • Security & Manpower: Revenue S$13.1m (up, more contracts, higher deployment)

  • Investment Properties: Revenue S$1.5m (new segment)

• Balance Sheet:

  • Non-current assets: S$22.6m (up, due to investment property acquisition)

  • Net asset value per share: 10.3 cents (up from 10.7 cents)

  • Cash and cash equivalents: S$2.0m (down from S$3.2m, mainly due to property acquisition)

  • Loans/borrowings rose to S$13.9m (from S$9.4m, to fund new property)

• No dividend declared due to the FY2025 loss.

• Outlook:

  • Transport and Security & Manpower expected to sustain growth in the year ahead due to new contracts.

  • Engineering focused on higher-margin projects in a robust Singapore construction pipeline.

  • Investment property segment to benefit from further asset enhancement and a new dormitory launch in FY2026.

  • The Group remains cautiously optimistic, with liquidity supported by shareholder/holding company backing for at least 12 months and positive operating cash flows.