Link: https://links.sgx.com/1.0.0/corporate-announcements/1IWIDY8OKMPFZQ5Q/0e09102ddd73de8db7eec51285e97c423ed784e60c5bcb06cdbad942731cd0ed

Summary:

• Ossia reported total sales of $33.53 million for the 15-month period ended June 2025, up 11.1% from the previous year, mainly due to the extended reporting period.

• Gross profit margin decreased slightly, affected by a weaker New Taiwan Dollar and higher inventory costs; other operating income surged thanks to a $0.74 million one-time gain from TUMI Taiwan asset buyback.

• Operating costs—including distribution and administration—rose, but underlying administrative cost growth remained modest at 1.7%.

• Income from associates increased 83.5% to $9.30 million, aided by the longer reporting window and strong associate performance.

• Inventory decreased to $12.23 million following the seasonal sales cycle and the closure of TUMI business; trade receivables fell to $1.98 million, reflecting efficient cash collection and business adjustments.

• The group fully repaid its bank borrowings and is now debt-free, with strengthened supplier relationships and a leaner balance sheet.

• Strong cash flow was generated, allowing for strategic debt reduction; dividend payout slightly reduced over the longer period.

• Ossia’s proactive operational adjustments and cost management have positioned it well for future market demands.