Link: https://links.sgx.com/1.0.0/corporate-announcements/O9T3GOZ9RGS9APXY/ac9b9e490933b94a2be5009753e6cd6b128b8c8fd8852bf83cce27243f51a73d

Summary:

• Net profit for 1H 2025: S$1.6 million (down 50% from 1H 2024’s S$3.2 million).

• Revenue fell 10.1% to S$148.6 million; core F&B sales declined 7.6% to S$140.5 million.

• Gross profit margin decreased to 31.4% (from 32.7%); gross profit was S$46.7 million, down 13.7% year-on-year.

• Net margin dropped to 1.1% (from 1.9%); EPS fell by 51.9%.

• Revenue was impacted by earlier Chinese New Year shipment recognition in prior year, weaker Hari Raya sales, and the loss of Oatly co-packing revenue (S$5.6 million).

• Other gains from investment property revaluation and asset sales partially offset by currency translation losses (non-operating).

• Balance sheet remains strong: cash and financial assets total S$199.9 million, same as end-FY2024.

• Outlook: cautious consumer sentiment amid economic and geopolitical uncertainty; management focused on higher-margin products, operational efficiency, innovation, and cost effectiveness.

• Group remains committed to leveraging its strong balance sheet to pursue strategic long-term opportunities.