ABR Holdings FY2025 profit slips 8% to S$3.35m despite 6% revenue rise; operating cash flow S$25.8m and 1.5‑cent total dividend maintained
Summary:
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Group revenue grew 5.5% to S$143.0 million, driven by F&B sales, but gross profit was flat at S$57.7 million and profit attributable to owners fell 7.9% to S$3.35 million as outlet and admin costs rose.
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PAT margin eased to about 2.3%, with profit before tax down 22.9% to S$3.40 million on higher depreciation from new outlets and a larger cost base, partly offset by a 35% jump in other income to S$4.17 million and stronger associate contributions.
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Share of results of equity‑accounted investees almost doubled to S$2.54 million, supporting earnings, while finance costs declined 8.0% to S$2.27 million as borrowings and lease liabilities were gradually amortised.
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The balance sheet remained solid: equity attributable to owners rose to S$100.0 million, NAV per share edged up to 49.8 cents, and cash and cash equivalents increased to S$34.7 million, with net cash from operations at S$25.8 million.
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The board paid a 0.25‑cent interim and a 1.25‑cent tax‑exempt final dividend for FY2025 (unchanged 1.5 cents total), signalling continued capital discipline as the Group invests in its Swensen’s core, new F&B concepts and property assets in Singapore and Malaysia.