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16 Feb 2026
Tiong Seng warns of FY2025 net loss versus S$2.8m profit in FY2024 on lower revenue and legacy project cost overruns
Summary:
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Tiong Seng Holdings expects to report a net loss for FY2025, reversing from a S$2.8 million net profit in FY2024 based on preliminary unaudited accounts.
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The loss is mainly driven by lower revenue and timing differences where variable order costs have been recognised but the corresponding revenue is still pending customer assessment and approval.
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The Group also booked final losses from legacy pre‑Covid projects, reflecting higher materials, labour and subcontracting costs incurred and recognised in 1H FY2025.
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Detailed unaudited FY2025 results are expected to be released by 1 March 2026, and the Board has urged shareholders and investors to exercise caution when trading the shares.