Baker Tech reported FY2025 revenue of SGD 48.4 million (down 47%) and a net loss of SGD 25.3 million, versus a net profit in FY2024, according to its unaudited results for the year ended 31 December 2025. For 2H2025, revenue was SGD 25.4 million (down 36%) and net loss was SGD 8.0 million, compared with a profit in 2H2024. FY2025 gross profit was SGD 2.5 million (down 93%) and loss before tax was SGD 24.8 million. Baker Tech said the FY2025 loss reflected lower contributions from chartering, fabrication and spares sales in line with lower revenue, an additional vessel impairment loss of SGD 2.0 million, and a foreign exchange loss of SGD 6.7 million. Cash and short-term deposits were SGD 95.2 million at 31 December 2025, down from SGD 112.0 million, while total equity was SGD 234.4 million. The board recommended a final cash dividend of 1.5 cents per share (tax exempt, one-tier) for FY2025. In its outlook, Baker Tech said offshore market prospects for 2026 appear mixed with limited visibility amid vessel supply constraints and uncertainty in the wind sector, and flagged ongoing uncertainty in Malaysia linked to unresolved issues between Petronas and Petros.
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. Baker Technology Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: YN52ZI1Z4TRM971F) on February 27, 2026, and is solely responsible for the information contained therein.
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