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20 Feb 2026
Kingsmen swings to FY2025 net loss of S$10.3m on 5% revenue drop and project delays; no dividend declared
Summary:
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Group revenue slipped 5.0% year on year to S$285.8 million in FY2025, as weaker demand and delays in key projects weighed on Exhibitions and certain Design & Production jobs.
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Kingsmen recorded a net loss attributable to shareholders of about S$10.3 million for FY2025, reversing from a profit in the prior year on lower gross profit and higher operating costs.
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The balance sheet remained geared to ongoing projects, but profitability was hurt by cost overruns and slower client spending across some markets.
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The Board did not recommend any dividend for FY2025, citing the full‑year loss and the need to conserve cash to support operations and future growth initiatives.