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08 Aug 2025
Asiatic Group (Holdings) 1Q2026: Expects net loss; margin pressure from lower electricity tariffs and FX loss on USD receivables
Link: https://links.sgx.com/1.0.0/corporate-announcements/0RBSPWVI50497BCH/9caa63bd8ca4e01ed3491d634d6aa1c37ef2ba27710446e47287eb96ca4641f8
Summary:
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Guidance: The Group expects to report a net loss for 1Q2026 based on preliminary unaudited results.
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Drivers:
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Gross margin: Lower margins in Energy Services due to customers switching to lower-tariff plans and a regulated tariff cut in Cambodia; Fire Protection Solutions margin also declined from inflationary cost pressures.
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Foreign exchange: FX loss from USD depreciation against SGD on USD-denominated receivables.
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Timing: Unaudited 1Q2026 results to be announced on or before 14 August 2025.
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Caution: Shareholders and investors should exercise caution when trading the Company’s shares.