Link: https://links.sgx.com/1.0.0/corporate-announcements/I58AXSQ8G40UMVGW/650636e8e310b83a4b336dd877cf98e1a2f81b465dcf658f45a3ece2a2c349a3

Summary:

• Revenue for six months ended 30 September 2025 dropped 23.6% year-on-year to S$9.86 million due to project completion in smart urban development.

• Gross profit fell 22.1% to S$2.84 million. Gross profit margin compressed on lower volumes, but expenses were tightly managed.

• Net loss for the period was S$744,000, improving from a S$123,000 loss last year. Quarterly profit in Q2 (S$52,000) helped offset 1Q losses.

• Administrative expenses declined 11.1%; finance costs down 36.3% on debt reduction.

• Net current liabilities at S$1.42 million; cash position at S$1.28 million (end-September 2025).

• Two share placements completed Aug/Nov 2025 raise S$1.88 million for working capital and operations.

• No interim dividend declared due to accumulated losses and ongoing capital constraints.

• Company actively bidding for new projects in urban development and water/environment segment. Management projects gradual performance improvement on continued cost discipline and new contract wins.