British and Malayan Holdings (CJN) H2 2025 earnings summary

Executive summary

• FY2025 trustee revenue rose 17.5% YoY to $1.857m; net loss narrowed to $1.536m from $1.766m.

• The Singapore trustee business increased marketing activity and strengthened its pipeline of prospective customer leads; plans also include diversifying revenue streams.

Financial highlights

• Revenue was $1.857m, up from $1.580m; interest income fell to $186,073 from $298,629.

• Employee benefits expense increased to $2.220m from $2.171m; other expenses were $1.078m versus $1.088m.

• Net loss was $1.536m versus $1.766m; loss per share improved to $0.18 from $0.20.

• Operating cash outflow was $1.406m versus $1.698m; investing activities generated $1.468m versus an $871k outflow.

Outlook and guidance

• Management is developing new customer leads through trust-service support providers and discussing opportunities with prospective partners.

• Revenue and income diversification is a stated priority; no final dividend was declared as resources are retained for the development phase.

• The Singapore trust market remains competitive and challenging, while management sees demand for bespoke services.