Tritech Group Returns to Profit in FY2025 Despite Revenue Dip
Summary:
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Revenue Decline: Tritech Group's revenue fell to S$24.8 million in FY2025 from S$27.3 million in FY2024, mainly due to the completion of certain smart urban development projects.
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Return to Profitability: The company posted a net profit of S$72,000, marking a turnaround from a S$2.3 million net loss the previous year.
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Reduced Operating Expenses: Administrative expenses dropped to S$4.4 million from S$6.3 million, driven by lower consultancy and legal fees across corporate and environmental segments.
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Cash Flow Movements: There was a net operating cash outflow of S$0.4 million. Investing activities generated S$1.7 million from the disposal of investment property, while financing outflows totaled S$1.8 million due to loan and lease repayments.
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Balance Sheet Adjustments: Total assets declined to S$22.1 million from S$27.4 million, and liabilities reduced to S$20.1 million from S$25.5 million, reflecting tighter operations and lower debt.
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Negative Working Capital: Working capital remained negative at S$2.4 million, down from S$1.7 million the previous year, signaling ongoing liquidity pressures.
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No Dividend Declared: Due to accumulated losses, no dividend was declared for FY2025.