Asiatic Group flags swing to 3Q2026 net loss on lower margins, FX hit
Summary:
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Asiatic Group (Holdings) expects a net loss for the third quarter ended 31 December 2025 (3Q2026), reversing from a net profit in the second quarter ended 30 September 2025.
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The profit warning is driven mainly by a decrease in gross margin at the Energy Services division, as customers switched to lower-tariff electricity plans and Cambodian regulated tariffs were revised down in 2025.
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The Fire Protection Solutions division also recorded thinner gross margins, largely due to inflation pushing up the cost of goods.
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The Group booked foreign-exchange losses on USD-denominated receivables from customers and related companies after the USD weakened against the SGD during 3Q2026.
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Management will release full unaudited 3Q2026 results on or before 14 February 2026 and urges shareholders and potential investors to exercise caution when dealing in the shares.