Jadason Enterprises (J03) H2 2024 earnings summary

Executive summary

• FY2024 revenue rose to S$25.3m from S$21.9m; loss after tax narrowed to S$1.1m from S$8.0m, helped by higher sales, cost controls and lease-related gains.

• The PCB equipment and services business remains exposed to a difficult, cyclical operating environment; strategy includes cost discipline and exploring new markets and investment opportunities.

Financial highlights

• Revenue was S$25.307m vs S$21.924m; gross profit was S$2.890m vs S$0.770m.

• Loss before tax narrowed to S$1.022m from S$7.971m; loss after tax was S$1.102m vs S$7.972m.

• Other income increased to S$2.210m from S$0.672m, including a S$1.056m lease-termination gain and S$0.602m reversal of unused reinstatement provision.

• Administrative expenses fell to S$3.4m from S$4.8m, while other expenses fell to S$1.8m from S$3.5m; higher FX loss partly offset the improvement.

• Basic and diluted loss per share was 0.15 cents vs 1.10 cents.

Outlook and guidance

• No numerical guidance was stated; management plans to monitor conditions and adjust strategy as markets change.

• Priorities include cost management, operational rationalisation, leasing or disposing of used machines, and evaluating acquisitions, joint ventures or strategic alliances.

• The stated objective is to pursue new business and investment opportunities that add stakeholder value and support exit from the SGX financial-entry watch-list.