Captii FY2025 loss narrows to S$4.7m as gross margin jumps to 64% despite 9% revenue decline and S$4.2m venture FV hit
Summary:
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Group revenue fell 9.2% to S$15.9 million, with Unifiedcomms down 2.9% and GlobeOSS down 18.6%, as both managed services and system sales softened.
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Gross profit nonetheless rose 8.4% to S$10.2 million and gross margin expanded from 53.4% to 63.9%, helped by richer system‑sale mix at Unifiedcomms and lower third‑party costs at GlobeOSS.
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Net loss narrowed to S$4.8 million from S$8.7 million, as FY2025 fair value loss on the Captii Ventures portfolio was cut to S$4.2 million from S$6.2 million, with no repeat of the S$2.1 million goodwill impairment and other asset impairments booked in 2024.
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Venture investments at fair value through profit or loss fell to S$6.6 million from S$10.9 million, while group NAV per share slipped to 83.14 cents from 95.23 cents as equity attributable to owners dropped to S$26.6 million.
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Operating cash flow swung to a S$5.2 million inflow from a S$0.6 million outflow, lifting cash and cash equivalents to S$11.1 million; management remains cautious given underperforming managed service contracts, pricing pressure and weak venture markets but expects strengthened fundamentals to support a better 2026.