Link: https://links.sgx.com/1.0.0/corporate-announcements/HRUVSU5EEIZYVTVK/5e6030a3ab2a0be5d765223c6a2d21e94bce314d8c71c615976f787128f71257

Summary:

• Q3 2025 revenue increased 15% year-on-year to S$5.0 million, driven by stronger heat exchanger segment activity; gross profit grew 16% to S$1.4 million.

• Net loss for the quarter reduced to S$0.3 million from S$0.6 million last year, reflecting higher revenue, better operating income, and a 25% drop in finance costs as borrowings fell.

• 9M 2025 revenue up 6% to S$15.2 million; net loss widened slightly to S$0.7 million, mainly due to rising staff and administrative costs.

• Operating cash flow improved to S$1.5 million for 9M 2025 and total cash/cash equivalents rose to S$1.7 million, showing effective working capital management.

• No dividend declared due to continued losses; net asset value held at S$10.2 million and group equity remains robust.

• Key focus remains on boosting heat exchanger expansion, restructuring underperforming segments, and executing cost control to restore profitability in a tough environment.