Hafary FY2025 profit up 8% to S$31.1m on 9% revenue growth and stronger tile demand
Summary:
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Hafary Holdings’ FY2025 revenue rose 9.1% to S$287.0m, driven mainly by higher sales across its General, Project and Manufacturing segments.
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Profit net of tax increased 8.2% to S$31.1m, with profit attributable to shareholders up 8.4% to S$29.9m and earnings per share rising to 6.94 cents from 6.40 cents.
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2H2025 performance softened versus 2H2024, with period profit down 7.0% to S$17.2m and operating margin pressured by higher purchases, inventory impairment and other expenses.
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The Group generated strong operating cash flow of S$57.8m in FY2025 (FY2024: S$22.6m), ending the year with S$22.0m in cash and maintaining substantial undrawn bank facilities despite S$11.8m in dividends and continued capex.
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Net assets attributable to shareholders increased to S$146.1m from S$129.3m, with NAV per share up and management highlighting continued investments in capacity and properties across Singapore, Malaysia and Vietnam.