Link: https://links.sgx.com/1.0.0/corporate-announcements/9MQCH8HBXI4TFFOT/f66ae4134440f71a048c36e8bb4847c60286dff04d266f724d94656713f4aa1e

Summary:

• The Group reported a steady year following last year’s turnaround, with continued momentum and operational stability, mainly attributed to a recovering regional hospitality sector and a resilient management team.

• Travelodge Myeongdong City Hall ("TLMC") in Seoul benefited from the international tourism rebound; Datapulse holds a 15% stake in another Seoul hotel and 5% in Travelodge Harbourfront Singapore.

• RK One Hotel Management LLC issued a termination notice for the Hotel Management Agreement for TLMC, expiring December 2025. From January 2026, RK One will self-manage and rebrand TLMC as Klaven Hotel Myeongdong City Hall to pursue greater operational efficiencies.

• Business outlook for hospitality remains cautiously optimistic, supported by tourism recovery, but weighed down by exchange volatility, inflation, labour costs, and rising competition. The Group is also exploring diversification beyond hospitality.

• FY2025 revenue fell slightly to $6.0 million (from $6.2 million in FY2024); net cash remains healthy at $10.6 million by year-end.

• No dividend is recommended for FY2025, in order to conserve cash for operations and future opportunities.

• Financial performance highlights:

  • Profit attributable to owners: $0.8 million (down from $4.5 million in FY2024).

  • Staff costs, hotel expenses, and depreciation all declined, mainly due to lower headcount and currency translation effects.

  • Asset management fee revenue ceased after the agreement expired in December 2023.

  • No reported compliance breaches, data privacy incidents, or workplace injuries.

• Sustainability remains a strategic focus:

  • Board committed to ESG practices and compliance with new Singapore Exchange climate disclosure regulations (ISSB, TCFD).

  • Environmental initiatives include energy optimization, plastic reduction (water dispensers instead of bottles), and greener housekeeping protocols.

  • Continued progress in diversity and inclusivity: balanced gender ratio and fair practices in recruitment and advancement.

  • Data protection policies aligned with Singapore PDPA and South Korea PIPA standards, achieving zero incidents for FY2025.

• The Group aims to sustain strong governance, operational resilience, and responsible growth, actively engaging stakeholders and prioritizing long-term value.