Oceanscape International Ltd. reported FY2025 revenue of SGD 0.6 million (-33.3%) and a total comprehensive loss of SGD 2.2 million (+32.7%). For continuing operations, FY2025 revenue was SGD 7,000 (from the renewable energy segment) and loss before tax was SGD 2.5 million (+136.2%), with administrative expenses of SGD 1.6 million (+53.4%) and other operating expenses of SGD 0.9 million (a provision for loss on allowance on receivables related to uncollected consideration from the divestment of its food and beverage subsidiaries). Discontinued operations recorded FY2025 revenue of SGD 0.6 million (-33.3%) and profit before tax of SGD 0.3 million, supported by a net gain from disposal of subsidiaries of SGD 0.5 million. As at 31 Dec 2025, the group had cash and cash equivalents of SGD 203,000 and negative equity of SGD 2.2 million (net asset value per share: -0.41 cents). Oceanscape said it completed the disposal of three food and beverage-related subsidiaries on 4 Apr 2025 and disposed of two Insurtech subsidiaries on 30 Dec 2025, and noted shareholders approved diversification into renewable energy and commodities trading on 25 Nov 2025. The company also disclosed a financing commitment of up to SGD 20.0 million from its executive chairman (including a SGD 15.0 million interest-free loan and a SGD 5.0 million interest-free convertible loan), with SGD 1.0 million drawn as at 31 Dec 2025 and a further SGD 0.5 million drawn on 3 Feb 2026; it also received a whitewash waiver from Singapore’s Securities Industry Council on 29 Jan 2026, subject to shareholder approval.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Oceanscape International Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 6ZL5VQ7TNEM7NIZ2) on February 28, 2026, and is solely responsible for the information contained therein.
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