Jubilee Industries Swings to Profit in FY2025 After Major Restructuring
Summary:
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Turnaround Achieved: Jubilee Industries posted a net profit of S$1.78 million in FY2025, reversing a net loss of S$9.7 million in the previous year.
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Key Divestments: The company divested its Electronics Business Unit, including WE Components and Honfoong Plastic, generating a S$4 million gain.
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Debt Significantly Reduced: Total liabilities dropped from S$34.3 million to S$4 million, following repayments of bank loans and lease obligations.
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Strategic Focus Shift: Jubilee is now focused solely on its Mechanical Business Unit, which showed resilience and growth amid global trade tensions.
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Cash Flow Update: Cash reserves declined to S$7.5 million from S$13.4 million, primarily due to financing outflows and operational expenses.
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Clean Audit: The company received an unqualified audit opinion, confirming the reliability of its financial reporting.
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Forward Strategy: Jubilee aims to unlock shareholder value through asset monetization and is seeking new revenue streams for sustained growth.