Link: https://links.sgx.com/1.0.0/corporate-announcements/XHCTRM3VCA9PGHB5/21f1e56fc203795475194d5b96bd7d9f225d31895a7710a73ad85bbac9e11ca6

Summary:

• Revenue: S$1.86 million (up 18% from S$1.58m FY2024), mainly from trustee fees (S$1.65m) and other service fees (S$204k).

• Net Loss: S$1.54 million (lower loss vs. S$1.77m FY2024).

• Loss per Share: 0.18 cents (vs. 0.20 cents).

• Net Asset Value per Share: 94 cents (down from S$1.12).

• Total Assets: S$9.7 million (down from S$13.0m), with cash & cash equivalents at S$4.4m (down from S$4.9m), and other financial assets at S$2.3m (down from S$3.6m).

• Total Equity: S$8.27m (down from S$9.81m).

• No Borrowings or secured debt; zero-debt position maintained.

• No Dividend declared for FY2025 (none for FY2024).

• Operating Cash Flow: Negative S$1.41m (better than -S$1.70m FY2024).

Other Key Notes:

• Segment: Operations remain solely in Singapore, focusing on trustee services.

• Associate investment: Carrying value in Precepts Group International at S$2.0m.

• Outlook: The trust business in Singapore remains competitive and challenging. Management is working to raise BMT’s profile within the financial/wealth space and is exploring new partnership opportunities.

BMH continues to maintain a strong liquidity position and zero gearing, focusing on business growth and cost control, with a pipeline for new customer leads but no distribution to shareholders for FY2025.