Link: https://links.sgx.com/1.0.0/corporate-announcements/H2P7171K03R8LRBO/a80af0d39117775e6def39cbf210e6421090ec485e00bf216c36932f931c0ba1

Summary:

• Sen Yue Holdings delivered 107.1% revenue growth, from S$33.59 million in FY2024 to S$69.57 million in FY2025, powered mainly by its Resources Recovery segment, which surged 187.9% to S$54.57 million

• Group gross profit jumped from S$1.01 million to S$6.39 million, lifting gross margin from 3.0% to 9.2%, while the bottom line reversed from a S$12.14 million net loss in FY2024 to a S$0.18 million net profit attributable to shareholders in FY2025

• The EV-focused Resources Recovery business benefited from higher availability of battery scrap and stronger demand for black mass, offsetting a 47.0% revenue decline in the Metal Components segment to S$1.52 million amid weak demand and competition

• ED Coating remained a steady contributor, with revenue up 10.5% year on year to S$14.05 million, supported by stable operations and expanded capabilities such as hot-dip zinc galvanising

• The Group’s balance sheet stayed sound with positive working capital of S$8.63 million (up from S$7.13 million), although equity attributable to owners eased slightly to S$23.37 million and NAV per share slipped from 0.73 to 0.72 Singapore cents

• Management highlighted geopolitical and automotive-sector headwinds but reiterated strategic focus on EV battery recycling, technology enhancement, and operational efficiency to capture growing global demand for sustainable waste and battery management