Oceanus posts FY net loss of SGD8.3 million from profit as revenue slips 4% to SGD279.6 million

Reuters02-27 23:26
Oceanus posts FY net loss of SGD8.3 million from profit as revenue slips 4% to SGD279.6 million

Oceanus posted a FY2025 net loss of SGD8.3 million, compared with a profit in the prior year, as revenue fell 4% to SGD279.6 million. Gross profit was SGD18.4 million, while other operating income declined 70% to SGD4.8 million and other operating expenses decreased 13% to SGD20.7 million. Finance costs rose 44% to SGD6.6 million. Basic EPS was a loss of 0.032 Singapore cents for FY2025. Oceanus ended FY2025 with cash and bank balances of SGD12.1 million and total equity of SGD53.3 million; net asset value per share was 0.21 Singapore cents. Management said the year reflected deliberate streamlining, with certain non-core businesses such as media, fruits trading and B2C e-commerce distribution scaled back to focus on Trade & Distribution, Logistics (4PL) and its ODIN financial technology platform. The group also highlighted the establishment of Oceanus US in FY2025 and noted a February 2026 partnership with Clearwater Capital to launch verifiable tokenisation of trade flows on ODIN’s blockchain platform.

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. Oceanus Group Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: U1ZKNS0MP78WQLPJ) on February 27, 2026, and is solely responsible for the information contained therein.

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