Lion Asiapac (BAZ) Q1 2025 earnings summary

Executive summary

• Q1 FY2025 revenue fell 20% YoY to S$8.265m; the period recorded a net loss of S$157k versus net profit of S$136k a year earlier.

• Total comprehensive income was S$1.226m, supported by S$1.383m of net other comprehensive income, mainly currency translation gains.

Financial highlights

• Revenue declined 20% to S$8.265m, primarily on lower steel trading orders, partly offset by higher roofing solutions supply; purchases fell 31% to S$5.836m.

• Other income and gains decreased to S$486k from S$826k; prior-year negative goodwill and a natural gas compensation claim were absent, partly offset by higher late-payment interest and lower FX losses.

• PBT was a loss of S$105k versus profit of S$214k; net loss was S$157k versus net profit of S$136k.

• Cost increases in depreciation, amortisation, employee benefits, other expenses and finance costs were mainly linked to Semangat, with Q1 carrying three months of costs versus one month in the prior-year quarter.

Outlook and guidance

• Economic outlook remains uncertain; prudent management of challenges and pursuit of new opportunities were indicated.