Link: https://links.sgx.com/1.0.0/corporate-announcements/SBHM88A8O9MZVUZT/64dd8e40bd840996439065cb3ede870b4e01fd4b50e9658df9785dee0308f199

Summary:

• Revenue for 1H 2025 was S$30.3 million, down 4.6% from S$31.8 million in 1H 2024, mainly due to lower sales in the UK, US, Australia, and Italy.

• Gross profit was steady at S$9.1 million, but profit before tax decreased by 13.1% to S$1.95 million because of higher operating costs and lower other income.

• Net profit attributable to owners stood at S$1.68 million, slightly down from S$1.74 million the previous year.

• Earnings per share were 4.75 cents, compared to 4.92 cents last year.

• Net asset value per share rose to 134.5 cents as of 30 June 2025 from 133.3 cents at 31 December 2024.

• Cash and cash equivalents increased to S$23.2 million; current ratio remains healthy at 2.8.

• No interim dividend declared for 1H 2025, consistent with the company’s usual practice.

• The group expects a stronger second half, despite ongoing tariff, supply chain, and market challenges; continues to strengthen supply chain and engage with customers globally.