Lion Asiapac (BAZ) Q3 2025 earnings summary

Executive summary

• Q3 revenue fell 36% YoY to S$6.6m; net loss was S$0.4m versus net profit of S$45k. 9M revenue declined 23% to S$23.2m, with a net loss of S$0.6m versus profit of S$0.7m.

• Lower trading orders drove the revenue decline; stronger roofing solutions and lime sales partly offset the weakness over 9M.

Financial highlights

• Q3 gross materials and consumables costs decreased 44% to S$4.4m; 9M costs fell 32% to S$15.9m, in line with fewer trading orders.

• 9M net other income and gains declined 41% to S$1.1m, reflecting the absence of prior-year negative goodwill and natural gas claim reversal, plus lower FX gains.

• 9M loss attributable to owners was S$585k; basic and diluted EPS was negative 0.72 cents versus positive 0.86 cents.

• Assets were S$72.2m, liabilities S$11.2m and total equity S$61.0m at 31 March 2025.

Outlook and guidance

• With the economic outlook uncertain, management plans to remain prudent in managing challenges and pursue new opportunities.