Link: https://links.sgx.com/1.0.0/corporate-announcements/LIXWVKYMXVE8A1AU/983007a0981d8f1f23bc8fcff581543daf1b4b7fcf90da0dbb0704a894744c32

Summary:

• Group revenue for FY2025 grew 4.6% to S$73.4 million, supported by foreign exchange gains despite marginal sales declines in Malaysian subsidiaries.

• Tong Guan Food Products (TGF) revenue was flat due to weaker festive sales and lost brand distribution rights, with profit after tax of S$767,000 following higher costs from new warehouse and office openings.

• Swee Hin Chan Company (SHC) saw slightly lower revenue and posted a loss after tax of S$87,000, mainly due to higher trade receivables impairment despite improved margins.

• Share of profit from associates improved to S$124,000, reversing a loss the previous year, attributed to better results from United Malayan Flour and lower losses at SGProtein.

• Allowance for impairment of trade receivables rose sharply to S$547,000 from S$60,000 last year.

• Final dividend proposed: 1 cent per share, subject to AGM approval, to be paid on 12 December 2025.

• Management remains cautious for the next 12 months due to global trade uncertainties and inflationary pressures but expects favorable pricing to support associated milling operations.