Link: https://links.sgx.com/1.0.0/corporate-announcements/4WT1OYVNMR7K29X6/ee23bfcc5fa566f1a8c4cd0d257dbd94fd5e52417a54bcb90c97c0774b3a5c49

Summary:

• Group revenue fell 16.9% year-on-year to S$32.87 million, with sharp declines in consumer electronics, automotive, and data storage segments due to weaker sales in China and Philippines.

• Net loss after tax improved slightly to S$3.35 million (from S$3.43 million prior year) as cost discipline offset lower sales.

• Prudent cost controls, substantial disposal of assets, and higher other income (notably S$1.61m gain on Malaysian property sale) cushioned results.

• Employee benefits and operating expenses reduced through workforce cutbacks and decreased professional fees.

• Cash and bank balances rose to S$5.96 million (up from S$3.93 million), aided by asset sales and cautious expense policies.

• No dividend declared for FY2025, with board maintaining focus on cash preservation and business stability due to global macro uncertainty.

• Management remains cautious, prioritizing core engineering services and cost efficiency as key strategies for next 12 months.