mm2 Asia (1B0) H2 2025 earnings summary

Executive summary

• FY2025 revenue fell 13.9% YoY to S$165.1 million; total losses widened to S$122.4 million from S$1.9 million.

• H2 FY2025 was challenging amid legal and financial issues in cinema; priorities include creditor negotiations, growing core content, new content-driven ventures, and divesting non-core businesses.

Financial highlights

• Revenue was S$165.1 million vs S$191.8 million in FY2024; gross profit was S$17.1 million vs S$50.4 million.

• Net loss before tax was S$116.3 million vs net profit before tax of S$3.7 million; EBITDA was S$14.6 million vs S$41.1 million.

• Equity-holder losses from continuing operations were S$99.7 million vs S$5.6 million; discontinued operations losses were S$5.1 million vs S$0.5 million.

Outlook and guidance

• Focus is on managing creditor relationships, growing the core business, expanding into content-driven ventures, and divesting non-core businesses.

• Active creditor engagement is ongoing to negotiate fair solutions and support long-term viability.