AMOS Group (49B) H2 2025 earnings summary

Executive summary

• FY2025 revenue fell to S$58.1m from S$74.5m; net loss narrowed to S$10.0m from S$24.6m, aided by lower expenses and no repeat of FY2024’s major asset impairments.

• Gross margin improved to 25.5% from 21.5%, while total comprehensive loss narrowed to S$7.4m from S$25.2m.

• Improvement actions included expense reduction, working-capital reductions and debt repayments; cash and cash equivalents ended FY2025 at S$4.7m.

Financial highlights

• Revenue was S$58.107m, down from S$74.469m; gross profit was S$14.815m versus S$16.003m.

• Net loss was S$9.998m versus S$24.583m; loss before tax improved to S$10.208m from S$24.522m.

• Distribution and administrative expenses declined by S$4.3m combined; administrative expenses included S$0.3m of restructuring costs and S$0.1m of non-recurring General Offer expenses.

• Finance costs decreased to S$1.156m from S$1.540m; FY2025 also included a S$0.149m reversal of trade-receivable impairment, versus a S$0.476m impairment in FY2024.

• FY2025 included a S$2.341m after-tax property revaluation gain in other comprehensive income; FY2024 included S$9.9m of impairment losses on property, right-of-use assets and intangibles.

Outlook and guidance

• FY2026 sustainability targets include zero hazardous waste, non-hazardous waste below 200 tonnes, zero environmental incidents and zero recordable workplace incidents.

• Management is exploring delisting options with SGX; share trading suspension was extended to 10 September 2025, with the process ongoing at the financial statement authorization date.