Abundance International flags significant FY2025 net loss on sharp chemical price declines and inventory losses
Summary:
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Abundance International expects to report a net loss for FY2025, reversing from the previous year, after a preliminary review of its draft unaudited consolidated results.
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The loss is mainly driven by lower revenue following an unexpected drop in average selling prices of certain chemical products amid softer global economic conditions, oversupply and weaker customer demand.
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Losses booked in 1H FY2025 were further exacerbated in 2H, including sales of some inventory at a gross loss to manage stock levels and cash flow, resulting in a significant full-year loss.
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The group plans to release its FY2025 financial results announcement on or before 28 February 2026 and cautions shareholders and investors to exercise care when dealing in its securities.