Back 31 Oct 2025

Chemical Industries (Far East) expects 1H FY2026 net loss, citing intense competition, weak demand, and higher Singapore carbon tax

Link: https://links.sgx.com/1.0.0/corporate-announcements/9PKZ11KP21J4ZGET/7ad53bacb9c985c445ce0e1e798297a5359c6cdff5c4ebb8e9e7a061ea8ef8c6

Summary:

  • Board’s preliminary review signals a net loss for six months ended September 30, 2025.

  • Loss attributed to intense market competition, declining customer volumes, and weak industrial demand from facility closures and macroeconomic softness.

  • Higher energy costs and increases in Singapore’s carbon tax further eroded margins.

  • Investors advised to act cautiously pending full unaudited financial statements, due by November 14, 2025.

  1. https://links.sgx.com/FileOpen/20251031_CIL_ProfitGuidance.ashx?App=Announcement&FileID=865673