Lion Asiapac (BAZ) H1 2025 earnings summary

Executive summary

• H1 revenue fell 16% YoY to S$16.6m, mainly from absent steel trading orders; higher roofing and lime sales partly offset the decline. Net loss after tax was S$131k versus S$647k profit a year earlier.

• Q2 revenue declined 12% YoY to S$8.3m and net profit was S$26k versus S$511k; lower other income, including reduced foreign-exchange gains, weighed on results.

Financial highlights

• H1 PBT was S$2k versus S$819k; other income and gains fell 42% to S$865k, while goods and materials costs declined 26% to S$11.6m.

• H1 other income was lower partly because prior-year negative goodwill and a natural-gas compensation-claim reversal did not recur, and foreign-exchange gains decreased.

• Q2 goods and materials costs fell 19% YoY to S$5.7m, in line with lower trading orders; other income and gains fell 54% to S$468k.

Outlook and guidance

• With the economic outlook uncertain, a prudent approach to managing challenges and pursuing new opportunities was indicated.