Legion Consortium Limited (02129) expects to post a loss before tax of no less than S$5.10 million for the year ended 31 December 2025 (FY2025), reversing the S$5.90 million pre-tax profit recorded in FY2024.
Management attributes the projected downturn to five main factors:
1. Revenue contraction: Turnover is anticipated to fall 7.40 % to about S$61.20 million from S$66.10 million a year earlier, driven by weaker market demand that reduced sales volumes in trucking and freight-forwarding services.
2. Margin pressure: Increased maintenance and logistics-related expenses pushed overall operating costs higher, compressing profitability.
3. Lower other income: Fixed-deposit interest income declined and adverse foreign-exchange movements further weighed on earnings.
4. Elevated operating expenses: Additional professional fees, bank charges and other administrative costs increased overheads.
5. Impairments: The company expects to recognise write-downs on intangible assets and trade receivables, adding to the loss.
The figures are based on unaudited management accounts. Audited results are scheduled for release by end-March 2026. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.
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