Link: https://links.sgx.com/1.0.0/corporate-announcements/G3N6LN3ZU5HG6418/f6748dc48c17cf44f94ed41af81d3afd8f75fc0a16d777f5eaad4017ab5a0272

Summary:

• Full-year revenue fell 1.9% to S$20.3 million; net loss after tax reached S$2.0 million, reversing prior-year net profit of S$8.0 million.

• Loss primarily due to absence of one-off asset disposal gains (S$4.6 million last year), depreciation of Malaysian Ringgit (resulting in S$1.0 million FX loss), and S$0.7 million write-off of property development costs in Malaysia.

• Trading division sales in Singapore remained resilient amid heightened market competition; group cut inventories and improved cash collections.

• Operating cash outflow for year was S$2.4 million, driven mainly by dividend payout and reduced reliance on bank financing.

• Group paid S$2.1 million in dividends during FY2025 and proposes a final dividend of 0.5 cent per share, showing confidence in liquidity.

• Management will focus on expanding product visibility, strengthening ecommerce channels, cost management, and seeking new development opportunities—especially in recovering Malaysia property market.

• Board highlights strong balance sheet (S$28.1 million cash) and healthy working capital to support future initiatives and shareholder rewards.