Link: https://links.sgx.com/1.0.0/corporate-announcements/3E203F8OE8P5KDXM/f3da432544502a20fe8ab3a27c4167b8027e5c41cbb28e50205bbfce27f177ce

Summary:

• Revenue collapsed to S$4.2 million in FY2025 from S$5.7 million, driven by intense competition and aggressive pricing pressures in the maintenance services segment that eroded both volume and margins

• The company posted a net loss of S$4.3 million versus a S$1.9 million profit in FY2024, with the prior year's profitability largely attributed to one-off gains of S$6.3 million from discontinued operations

• Gross profit margin improved to 31% from 27% despite revenue decline, though administrative expenses rose 6% due to higher manpower costs and professional fees for exploring new business ventures

• Successfully completed disposal of 70% stake in Life Science Incubator Holdings for S$2.7 million in December 2024, generating a gain of S$501,000 and exiting the co-working laboratory space business

• Cash position strengthened to S$2.7 million from S$881,000 following subsidiary disposals, though the company plans to pursue fundraising to support growth initiatives including potential acquisition of income-generating assets

• New business ventures in mineral sands trading through AcroMeta Minerals and lifestyle business expansion face delays, with mineral sand supply negotiations failing to materialize and departure of key director impacting lifestyle business plans