Mencast reported a net loss of SGD 3.6 million for FY2025, with revenue of SGD 46.3 million (-13%) and gross profit of SGD 10.3 million (-35%). Loss per share for FY2025 was 0.74 Singapore cents, and net asset value per share was 6.39 Singapore cents as at 31 December 2025. For 2HY2025, Mencast posted a net loss of SGD 3.4 million on revenue of SGD 21.3 million (-24%). By segment in FY2025, revenue was SGD 23.1 million for Marine, SGD 20.2 million for Energy Services and SGD 3.0 million for Offshore & Engineering. Management said FY2025 conditions were uneven amid geopolitical uncertainties and cost volatility, with results affected by one-off items including a debt impairment, an impairment loss on a vessel and vessel recovery-related expenses; it expects the next 12 months to remain challenging. Cash and cash equivalents were SGD 7.9 million as at 31 December 2025, and total borrowings (including liabilities under the disposal group held-for-sale) were SGD 116.4 million. The group also highlighted an event after year-end: on 16 February 2026, a unit granted an option to purchase for the proposed disposal of its 42B Penjuru Road leasehold property for SGD 21.0 million, with the option valid until 18 March 2026.
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. Mencast Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: DLWI75OEWMXUA4ZB) on February 27, 2026, and is solely responsible for the information contained therein.
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