Plato Capital swings to FY2025 S$3.7m net loss on S$5.0m asset impairment, despite higher interest income and stronger JV/associate contributions
Summary:
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FY2025 revenue from credit‑facility interest rose 13.4% to S$0.62 million, while total revenue plus other income fell 24.1% to S$0.87 million as bank‑deposit interest and miscellaneous gains more than halved.
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The Group recorded a S$3.69 million net loss versus a S$0.60 million profit in FY2024, mainly due to a S$5.04 million impairment on property, plant and equipment and S$1.04 million impairment on financial assets, partly offset by higher FX gains and lower staff costs.
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Share of profit from joint ventures almost doubled to S$0.83 million and associates’ contribution rose to S$1.57 million from S$0.73 million, reflecting better performance across the investment portfolio.
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Cash and cash equivalents slipped to S$12.63 million from S$13.86 million after a S$2.23 million operating cash outflow, while total assets remained steady at S$64.6 million and net assets eased slightly to S$62.5 million; group NAV per share dipped marginally to S$4.84 from S$4.85.
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No dividend was declared as the board prioritised capital preservation and continued deployment into joint ventures, associates and Malaysian listed securities amid ongoing valuation volatility.