Link: https://links.sgx.com/1.0.0/corporate-announcements/H8276XFIC1HRUF56/15278623f95ac056a74321974dba3580f6e152d7350cb2e9b33b3535c4964223

Summary:

• Revenue: S$33.53 million (up 11.1% vs. S$30.17m FY2024), mainly due to the extension of the reporting period to 15 months and strong performance in Taiwan’s branded goods distribution business.

• Gross Profit: S$17.89 million (higher, but gross margin down 3.8% due to a weaker New Taiwan Dollar and higher costs).

• Net Profit (attributable to owners): S$9.3 million (up 41.1% from S$6.59m), supported by increased share of profit from an associate and one-off TUMI asset buyback gain.

• EPS: 3.68 cents (up from 2.61 cents).

• Net Asset Value: 25.99 cents per share (up from 21.89 cents).

• Cash and Bank Balances: S$18.42 million (up from S$11.36m).

• Borrowings: Nil (down from S$1.77 million).

• Dividend: Proposed final dividend of 0.7 Singapore cent per share (same as FY2024), subject to AGM approval.

• Other Highlights:

  • Inventories and receivables down, reflecting seasonal and structural business changes post-TUMI brand buyback.

  • Total comprehensive income rose nearly 200% (to S$14.7 million).

  • Gearing ratio near zero; total equity strengthened.

  • No material related party transactions or subsequent financial events.

Outlook: The company will continue to focus on cost control, brand partnership expansion, and market-aligned distribution strategies, with a strong balance sheet supporting growth and ongoing dividend payments.