Ossia International Reports 6.6% Increase in FY2025 Net Profit Amid Stable Revenue
Summary:
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Revenue Stability: Ossia International Limited reported revenue of S$29.94 million for the fiscal year ended 31 March 2025, a slight decrease of 0.7% compared to S$30.17 million in FY2024.
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Net Profit Growth: Net profit increased by 6.6% to S$7.02 million, up from S$6.59 million in the previous year, driven by higher contributions from associated companies and improved operating income.
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Operating Income: Profit from operations stood at S$1.98 million, down from S$2.86 million in FY2024, reflecting increased cost of sales and administrative expenses.
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Share of Results from Associated Company: The company's share of results from its associated company rose by 19.5% to S$6.05 million, compared to S$5.07 million in the prior year.
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Total Comprehensive Income: Total comprehensive income surged to S$11.26 million, a significant increase from S$4.98 million in FY2024, bolstered by foreign currency translation gains and property revaluation surplus from the associated company.
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Balance Sheet Strength: Total assets increased to S$68.37 million as of 31 March 2025, up from S$62.11 million the previous year, while total liabilities decreased to S$6.18 million from S$6.80 million, resulting in net assets of S$62.19 million.
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Earnings Per Share: Basic and diluted earnings per share improved to 3.7 cents in FY2025, compared to 3.5 cents in FY2024.