Soup Holdings guides to narrower FY2025 loss on outlet underperformance, impairments and contract expiry in processing arm
Summary:
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Soup Holdings expects to report a loss for FY2025, but smaller than the loss recorded in the previous financial year.
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The shortfall is driven by losses at one underperforming outlet and a central kitchen in their early ramp-up phase, though cost-cutting measures have been implemented to stem further losses.
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The Group will book non-cash impairment charges on plant, equipment and right-of-use assets tied to three underperforming business units.
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Revenue has declined in the food processing, distribution and procurement services segment after key ready-meal supply contracts expired amid market saturation and tough macro conditions.
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Full unaudited FY2025 results will be released in due course, and the Board has urged shareholders and investors to exercise caution when dealing in the company’s securities.