Jadason Enterprises (J03) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose to S$29.1m from S$25.3m; profit after tax was S$1.4m versus a S$1.1m loss in FY2024.

• PCB equipment and supplies remained the largest business; a January 2026 acquisition added technology services focused on digital twins, 3D and AI solutions.

Financial highlights

• Revenue was S$29.077m versus S$25.307m; gross profit was S$3.245m versus S$2.890m.

• Profit before tax was S$1.388m versus a S$1.022m loss; net profit was S$1.418m versus a S$1.102m loss.

• Other income increased to S$2.775m from S$2.210m, including S$1.186m gain on asset disposals and S$929k equipment rental income.

• Other expenses fell to S$42k from S$1.781m, mainly because FY2024 impairment and reinstatement costs did not recur; finance costs were S$27k versus S$71k.

• Operating cash outflow was S$2.243m; investing inflow was S$1.884m and financing outflow was S$834k. Cash ended at S$4.743m, down from S$6.012m.

Outlook and guidance

• Cost management, operational rationalisation and leasing or disposal of used machines remain priorities.

• AI adoption is expected to create opportunities to support government and enterprise digital transformation initiatives.

• No dividend was recommended for FY2025 given the challenging operating environment.