Link: https://links.sgx.com/1.0.0/corporate-announcements/1C7OFBNNG80CJECT/166b1e137700364bbfd724e34c1513012d5c04cab58fbd313d2723a714857a12

Summary: 

V2Y Corporation Ltd. announced mixed Q1 2025 results, highlighting aggressive growth in new segments but persistent losses. Key details:

• Revenue explosion: Revenue soared 753.5% YoY to S$606k, driven by newly operational food & beverage (S$419k) and trading (S$170k) segments.

• Persistent losses: Net loss narrowed 30.7% YoY to S$149k, with accumulated losses reaching S$5.75 million.

• Segment performance: Insurtech revenue grew 139% YoY to S$17k, while F&B/trading contributed 97% of total revenue but at lower margins (7.75% gross margin vs. 49% in Insurtech).

• Financial restructuring: Disposed of three loss-making F&B subsidiaries in April 2025 (S$880k sale) and raised S$451k via share placement to focus on Insurtech.

• Liquidity concerns: Net liabilities position of S$558k, with cash reserves dropping 75% QoQ to S$33k. Directors cite reliance on new business pipelines and cost controls to maintain going concern status.

The company plans to reallocate resources from divested F&B operations to scale its Insurtech platform, which provides warranty management services for electronics brands.