Link: https://links.sgx.com/1.0.0/corporate-announcements/HWXSY3KYEWEXWT05/cccd6a16c9d83223022f1ecaeefb7f34e25cdc3d97e9dcec9c571cf0b3911c42

Summary:

• Revenue jumped to about S$5.04 million for the 18 months to 30 June 2025, up from roughly S$0.36 million in FY2023, mainly powered by the acquisition and consolidation of The Pines Melaka under Falcon Pace Sdn. Bhd.​

• Despite the top-line surge and gross profit of around S$2.36 million (c. 47% margin), the Group reported a net loss after tax of approximately S$2.62 million, driven by higher manpower, overheads, hotel operating costs, and one-off acquisition and integration expenses.​

• Total assets more than doubled to about S$5.93 million, supported by S$3.52 million of goodwill from Falcon Pace, new office fit-outs and right-of-use assets, while total liabilities climbed to S$3.73 million on new borrowings and higher payables, flipping the Group into roughly S$1.98 million negative working capital.​

• Sunrise exited its China property consultancy business in 2024 and is now anchored on Malaysian hospitality, with The Pines Melaka benefiting from a post-pandemic tourism rebound and positioned to ride government-backed Visit Malaysia 2026 and tourism budget support.​

• Looking ahead, the Group is pursuing a proposed acquisition of Fuzhou Tianfujia Industrial Co., Ltd and a diversification into industrial minerals and renewable energy, subject to shareholder approval at an EGM on 19 December 2025.​