Straits Trading flags FY2025 swing to higher net loss on non-cash impairments and fair value hits
Summary:
-
The Straits Trading Company expects to report a higher net attributable loss for FY2025, reversing a net profit in 2024.
-
The loss mainly reflects a non-cash impairment following loss of control over an investment and cessation of equity accounting, adverse fair value changes on investment properties amid higher cap rates and weaker sentiment, and a net loss from remeasurement of its Exchangeable Bonds tied to a prior redemption event.
-
These fair value and impairment losses are non-cash and are not expected to affect operating cash flow.
-
The Group reiterates that its overall business and financial position remains healthy, with sufficient liquidity to meet operational and financial commitments.
-
Unaudited FY2025 results will be released on or around 27 February 2026; shareholders and investors are urged to exercise caution when dealing in the shares meanwhile.