Mencast issues FY2025 profit warning, flags swing to net loss on softer demand and one-off impairment
Summary:
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Mencast Holdings expects to report a net loss for FY2025, reversing from a net profit in FY2024 after a preliminary review of unaudited consolidated results.
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The loss is mainly driven by lower revenue and compressed gross margins amid softer demand in certain business segments and project timing differences during the year.
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Results are further hit by a one-off non-cash impairment of a specific asset and receivables tied primarily to a debtor-specific credit event.
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Additional non-recurring and exceptional expenses incurred in FY2025 will also weigh on earnings, adding to the expected net loss.
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The company plans to release its FY2025 unaudited results on or before 1 March 2026 and has urged investors to exercise caution when dealing in its shares.