YKGI FY2025 net profit dips 20% to S$3.9m despite 6.6% revenue growth to S$70.1m, as wage and depreciation costs outpace topline
Summary:
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FY2025 revenue rose 6.6% to S$70.1 million, led by higher contributions from new F&B outlets, an additional Suntec City food court and Macau CHICHA San Chen stores, but other income halved to S$0.6 million on lower government grants.
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Net profit attributable to shareholders fell 19.5% to S$3.84 million, with Group net profit down 17.9% to S$3.90 million, as employee benefits (+8.5% to S$18.8 million) and depreciation (+22.7% to S$11.7 million) rose faster than sales.
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Segment results remained positive across Food Courts, F&B Operations and Franchise, delivering combined segment profit of S$6.1 million, though higher finance costs (+26.5% to S$1.78 million) and corporate expenses reduced profit before tax by 23.2% to S$4.28 million.
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The balance sheet stayed asset‑heavy with PPE increasing to S$43.3 million on S$27.7 million of capex (mainly right‑of‑use additions), while net cash from operations rose to S$17.4 million and year‑end cash was steady at S$21.4 million despite S$13.9 million of lease and debt service and S$3.1 million in dividends.
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NAV per share edged up to 4.71 cents from 4.60 cents, equity attributable to shareholders was broadly flat at S$19.8 million after S$0.5 million of share buybacks (3.82 million treasury shares), and the Group reiterated confidence in its multi‑brand F&B and franchise expansion strategy in Singapore and Macau.