HS Optimus Holdings Reports Wider FY2025 Loss Amid Rising Costs and Currency Impact
Summary:
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Revenue Decline: HS Optimus Holdings Limited reported a 6% year-on-year decrease in revenue, totaling S$14.44 million for the fiscal year ended 31 March 2025, down from S$15.31 million in FY2024.
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Increased Net Loss: The company’s net loss widened to S$2.58 million in FY2025, compared to a loss of S$1.95 million in the previous year, primarily due to higher administrative expenses and foreign exchange losses.
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Administrative Expenses Surge: Administrative expenses rose by 61% to S$7.34 million, up from S$4.55 million in FY2024, attributed to increased staff costs and professional fees.
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Foreign Exchange Losses: The company recorded a foreign currency translation loss of S$1.66 million, including a S$1.92 million loss from the deregistration of a foreign subsidiary, impacting overall profitability.
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Asset Growth: Total assets increased to S$47.06 million as of 31 March 2025, from S$37.35 million the previous year, mainly due to the acquisition of an investment property valued at S$11.25 million.
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Equity Position: Total equity decreased slightly to S$26.35 million, down from S$26.61 million in FY2024, reflecting the net loss incurred during the year.
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No Dividend Declared: The company did not declare any dividend for FY2025, consistent with its approach in the previous fiscal year.