Trendlines swings to FY2025 profit with US$1.9m net income and 16% jump in portfolio fair value to US$76.5m
Summary:
-
Group returned to profitability with net income attributable to equity holders of US$1.9 million in FY2025, versus a US$9.4 million loss in FY2024.
-
Total income recovered to US$9.9 million and income before tax reached US$1.5 million, driven by a US$7.1 million net gain in the fair value of portfolio companies.
-
IFRS portfolio fair value rose 15.7% to US$76.5 million and non-IFRS portfolio fair value increased to US$127.7 million, reflecting higher valuations from favourable fundraising and portfolio progress.
-
Total assets grew 13.9% year on year to US$85.8 million and total equity rose to US$77.4 million, supported by oversubscribed S$3.9 million rights issue and S$6.4 million in private placements.
-
Portfolio companies delivered a record year of external fundraising, with multiple successful rounds and FDA clearances underpinning management’s focus on long-term value creation and strategic exits.