Link: https://links.sgx.com/1.0.0/corporate-announcements/ABA4WGH4HHPNXLQ1/3fe023223ebfff38f980df344173dcef8dd9b2878f4ea12e208644f3bd367b86

Summary:

• Revenue remained flat at S$29.8 million, with Singapore market contributing S$21.4 million, Malaysia up 12% to S$4.2 million, and other markets up 16% to S$4.2 million.

• Net loss after tax was S$0.3 million, similar to last year; EBITDA remained positive at S$1.6 million.

• Gross profit margin improved slightly to 24.8% amid favorable product mix and revenue resilience across general trade and export channels.

• Major new factory acquisition in Johor, Malaysia; halal certification obtained August 2025, set to begin operations in late 2025, boosting capacity and market reach.

• Acquired Fung Mei heritage brand, expanding portfolio with traditional Hong Kong-style waxed and preserved meats.

• Operates three manufacturing facilities and markets over 1,100 SKUs under eight brands, including flagship brands “Golden Bridge” and “Kelly’s.”

• Faced macroeconomic headwinds (inflation, competition), but responded with strategic investments, cost management, and expanded e-commerce presence.

• Sustainability focuses include robust safety management (FSSC 22000), food hygiene (SG Grade ‘A’), halal certification, and social responsibility.

• Board and management remain cautiously optimistic, emphasizing continuous brand building, geographic diversification, and long-term value creation for stakeholders.