Green Build Technology (Y06) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose to S$1.216m from S$91k, while net loss widened to S$1.149m from S$598k; hotel management and consultancy became the continuing business after project operations were discontinued.

• The auditor disclaimed an opinion, citing insufficient evidence on the going-concern assumption and uncertainty over whether a S$38k bad-debt write-off belonged in FY2025 or FY2024.

Financial highlights

• Continuing-operations revenue was S$1.216m vs S$91k; gross profit was S$51k vs a S$23k gross loss, and loss from continuing operations was S$1.029m vs S$803k.

• Net loss was S$1.149m vs S$598k; FY2025 included S$36k goodwill impairment, S$32k loss on deconsolidation and S$51k loss on remeasurement of interest.

• Administrative expenses increased to S$1.011m from S$765k, mainly because hotel-business expenses covered a full year in FY2025 vs one month in FY2024.

• Discontinued operations recorded a S$120k net loss vs S$205k net profit; contracts with a trade debtor were ended during FY2025, leaving no revenue from those operations that year.

Outlook and guidance

• Plans focus on growing hotel management and consultancy and consulting and management services for old-estate refurbishment, while exploring new business opportunities to broaden revenue.

• Management cited sourcing new projects, growth in continuing-business revenue, potential fundraising and investor interest as support for the going-concern basis; these outcomes remain uncertain.

• A 51% stake in Hotel Nuve Urbane, operator of a 62-room hotel, was acquired after year-end; the business is expected to expand the hospitality portfolio.