PSC Corporation (DM0) H2 2025 earnings summary

Executive summary

• FY2025 revenue fell 2.4% YoY to S$477.2m and profit attributable to owners declined 5.0% to S$21.6m amid competition and RMB depreciation.

• Consumer operations remained resilient in Singapore and Malaysia; total assets rose 1.4% to S$607.4m and cash and cash equivalents increased 6.5% to S$205.0m.

Financial highlights

• Revenue was S$477.190m versus S$488.649m; gross profit was S$112.755m versus S$117.081m.

• Results from operating activities were S$30.583m versus S$33.373m; profit before tax was S$35.495m versus S$38.215m.

• Profit for the year was S$29.076m versus S$30.320m; profit attributable to owners was S$21.624m versus S$22.753m.

• Operating cash flow was S$37.151m versus S$43.198m; cash and cash equivalents at year-end were S$204.983m versus S$192.419m.

Outlook and guidance

• Outlook anticipates a tougher business landscape, with rising costs and continued global trade tensions posing challenges; regional consumption demand is expected to increase.

• Fortune's new Malaysia manufacturing facility is expected to operate by Q2 2026, adding capacity for soya products, noodles and desserts.

• Priorities include expanding distribution in Singapore and regional markets, growing online and direct-to-consumer channels, and improving productivity through automation and cost control.