Back 30 May 2025

MCHL Rebounds to Profit in FY2025 Following Revenue Surge

Link: https://links.sgx.com/1.0.0/corporate-announcements/NZMW5G95WZFETYB4/2a76a15607a3a5be6eefcf70bbe175e2a252a6cba85002f073b088b43e377edd

Summary:

  • Revenue Growth: MCHL reported a significant increase in revenue, reaching S$36.98 million in FY2025, up from S$6.25 million in FY2024.

  • Return to Profitability: The company achieved a net profit of S$451,000 in FY2025, reversing a net loss of S$5.56 million in the previous year.

  • Operating Expenses: Despite the revenue growth, operating expenses rose, including a S$7.47 million impairment loss on joint ventures.

  • Asset Position: Total assets increased to S$4.58 million as of March 31, 2025, from S$2.9 million the previous year, driven by higher cash and receivables.

  • Equity Status: The company's equity remained negative at S$10.28 million, though improved from a deficit of S$11.99 million in FY2024.

  • Audit Compliance: Following a prior disclaimer of opinion, MCHL is now required to announce quarterly financial statements in compliance with SGX Catalist Rule 705.