Powermatic Data Systems Reports 22% Profit Decline in FY2025 Amid Revenue Contraction
Summary:
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Revenue Decline: The company’s revenue decreased by 49% year-on-year to S$14.36 million in FY2025, down from S$28.10 million in FY2024.
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Net Profit Drop: Net profit fell by 22% to S$3.25 million in FY2025, compared to S$4.19 million in the previous year.
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Gross Profit Reduction: Gross profit declined by 56% to S$6.81 million in FY2025, from S$15.32 million in FY2024, reflecting the impact of reduced sales.
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Other Income Increase: Other gains rose by 9% to S$1.51 million, up from S$1.38 million in FY2024, providing some offset to the decline in core revenue.
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Operating Expenses: Administrative expenses increased by 9% to S$2.91 million, while marketing and distribution costs rose by 2% to S$1.60 million.
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Balance Sheet Position: Total assets stood at S$86.81 million as of 31 March 2025, with cash and bank balances of S$63.46 million, indicating a strong liquidity position.
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Equity Stability: Total equity remained relatively stable at S$74.55 million, compared to S$74.73 million in the previous year.