Back 07 Aug 2025

Southern Archipelago Ltd. Issues Profit Warning for 1H 2025 Due to One-Off Adjustment

Link: https://links.sgx.com/1.0.0/corporate-announcements/E11OC31UVRSCFN4Y/7005524316e01b56b27373f63db013c2c9c422e1c3b8eddf51ab08beb61beeaa

Summary:

  • Southern Archipelago Ltd. expects to report a net loss for the six months ended 30 June 2025.

  • The anticipated loss is primarily attributed to a one-off non-accounting adjustment of approximately S$0.83 million from the voluntary liquidation of dormant subsidiary Trackplus Sdn. Bhd.

  • This adjustment does not reflect changes in the Group’s operational performance or cashflow.

  • Excluding the one-off loss, the Group would have recorded a net profit for 1H 2025.

  • More details will be provided when unaudited consolidated financial results are announced on or before 14 August 2025.

  • Shareholders are advised to exercise caution when dealing in the Company’s shares.

  1. https://links.sgx.com/FileOpen/SAL%20Announcement%20%20-%20Profit%20warning%20for%20the%20six%20months%20ended%2030%20June%202025.ashx?App=Announcement&FileID=854626