Asiatic Group 3Q FY2026 swings to S$0.56m loss; nine‑month earnings almost wiped out despite stable revenue
Summary:
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Group posted a net loss attributable to shareholders of S$0.56m for 3Q FY2026, versus a S$0.61m profit a year earlier, as gross margins compressed and FX swung to a loss.
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For the nine months to 31 Dec 2025, revenue inched up 1.2% to S$31.6m but net profit fell to S$0.14m from S$0.82m, with earnings per share dropping from 0.03 to near zero.
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The Group remains highly leveraged with loans and borrowings of S$13.6m and total liabilities of S$27.1m, while current liabilities exceed current assets by S$7.46m, keeping going‑concern risk elevated.
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Management is relying on continued bank support, roll‑over of key term loans and a S$15.7m non‑demandable amount due to a subsidiary over the next 12 months to sustain operations.
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Legal and arbitration exposures persist, including a US$2.6m payable to supplier Tela and ongoing SIAC arbitrations over a Cambodian JV, with outcomes potentially affecting control and obligations.