GRP (BLU) Q3 2026 earnings summary

Executive summary

• 9MFY2025 loss before tax widened to $7.65m from $0.94m, mainly due to negative property revenue from project cost revisions and LAD provisions.

• Stronger metrology demand partly offset property weakness; cash and bank balances reached $19.56m at 31 March 2025.

Financial highlights

• 9MFY2025 revenue fell 63.1% YoY to $5.85m; gross profit was negative $3.08m versus positive $3.60m.

• 9MFY2025 loss before tax was $7.65m versus $0.94m; net loss was $7.96m versus $1.46m, including discontinued operations.

• 9MFY2025 basic and diluted loss per share was 2.968 cents versus 0.660 cents; no dividend was declared.

• 3QFY2025 revenue was negative $3.90m versus positive $4.80m; loss before tax was $8.15m versus $0.65m.

Outlook and guidance

• Phase 1 and 2 of the Perak affordable housing project are targeted for completion by June 2026; Phase 3 is to follow, with total project cost expected to overrun.

• Remaining PRC authority refund of RMB14.55m (~$2.71m) is expected to be recovered by 31 December 2025, based on the authority's 2025 budget assurance.