Casa Holdings (C04) H1 2025 earnings summary

Executive summary

• HY2025 revenue rose 2.7% YoY to $10.531m, while profit attributable to equity holders fell 40.0% to $431k.

• Net foreign-exchange gains and amortisation gains lifted other gains to $1.451m; cash fell to $27.185m after operating and financing outflows.

Financial highlights

• Gross profit increased 2.6% to $4.543m; gross margin was 43.1% versus 43.2% YoY.

• Profit before tax declined 41.5% to $418k; consolidated profit after tax fell 48.0% to $361k.

• Selling and distribution expenses decreased 10.1% to $1.688m and administrative expenses decreased 3.0% to $3.976m.

• Other gains, net, rose to $1.451m from $345k, including $428k net currency translation gain and $1.038m gain on amortisation of interest-free non-current payables.

Outlook and guidance

• Management expects a challenging path but remains optimistic, with a cautious operating strategy amid tariff, FX, competition, overhead and staff-retention pressures.

• Priorities include stronger brand and product-awareness campaigns, broader product ranges, new local and Southeast Asian online channels, and monitoring Malaysian property opportunities amid gradual market improvement.