Mooreast swings to FY2025 net profit of S$3.6m on 53% revenue jump and 5‑ppt margin gain, backed by strong S$9.4m operating cash flow
Summary:
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FY2025 revenue surged 53% to S$38.3 million as Mooreast completed several high‑value mooring projects, with gross profit up 72% to S$17.2 million.
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Gross profit margin improved to 45% from 40% on tighter project cost management, lifting profit before tax to S$4.7 million versus a S$2.1 million loss in FY2024.
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The Group swung to a net profit of S$3.6 million from a S$2.3 million loss, with earnings per share reversing to 1.41 Singapore cents from a 0.89‑cent loss.
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Operating cash flow more than tripled to S$9.4 million, boosting cash and cash equivalents to S$18.2 million and raising NAV per share to 8.7 cents from 7.4 cents.
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Management expects stable demand from offshore oil & gas and marine to underpin earnings while it ramps up capacity (including the 60 Shipyard Crescent acquisition) and partnerships to capture floating offshore renewables opportunities.