Link: https://links.sgx.com/1.0.0/corporate-announcements/4HIHBHDDX6AMA399/82a749b8b540be9fec114c381c6ae919450fa78bf6acd19d1219bf30d5750899

Summary:

• Revenue: S$7.67 million (up 13.8%), led by Europe (+26% to S$4.39m); Australia/NZ S$3.08m (-2.5%); Asia/Others S$0.20m (+101%). Product mix: wood-based S$7.27m (95%), outdoor lifestyle S$0.25m, others S$0.15m.

• Profit/Loss: Net loss S$0.60 million (vs S$0.83m); loss before tax S$0.58m; basic/diluted LPS 0.04 cent (vs 0.06 cent).

• Gross profit: S$0.68 million (+16.1%); gross margin 8.8% (from 8.7%) on prudent procurement.

• Operating expenses: Selling/marketing S$0.25m (-9%); administrative S$0.96m (-17%); finance costs S$0.09m (-8%); other income S$0.12m (-19%); other losses S$0.07m (mainly FX).

• Cash flow: Net cash used in operating activities S$0.33m; investing outflow S$0.00m; financing inflow S$0.22m (advances from controlling shareholder S$0.27m); period-end cash and cash equivalents S$0.12m.

• Balance sheet: Total assets S$11.30m; total liabilities S$3.68m; equity S$7.62m; NAV per share 0.48 cent (down from 0.52 cent); borrowings S$0.09m; other financial liability S$1.76m; payables S$1.45m.

• Other notes: Rental income from Indonesia properties S$0.11m; investment properties S$3.42m; property, plant and equipment S$5.77m.

• Dividend: No interim dividend due to lack of accumulated profits.

• Outlook: Cautious on global trade; monitoring potential US tariff impacts on supply chains though no direct US exposure.