Forise 1H2025: Expects net loss amid diversification prep and higher professional expenses; results due by 14 Aug 2025
Link: https://links.sgx.com/1.0.0/corporate-announcements/LGXEEZ0DNO7XNBBC/bb3d6096fdeeaf6969d00c4274834c40a3c99c484a9ff221b143e80038e16f31
Summary:
-
Guidance: The Group expects to report a net loss for HY2025 based on preliminary review.
-
Drivers: Preparatory and professional costs tied to proposed strategic diversification and ongoing investment initiatives (legal, financial, tax, valuation) with limited new revenue contribution yet.
-
Strategic diversification: Plan to expand into automation solutions and integrated import/export trading of systems and hardware, serving industries such as dipped latex, agriculture, palm oil, and automotive; subject to shareholder approval at EGM on 13 Aug 2025.
-
Timing: Unaudited HY2025 results to be announced on or before 14 Aug 2025.
-
Caution: Board advises investors to exercise caution when dealing in the Company’s shares.