Progen’s FY2025 revenue fell to SGD 5.1 million (down 11.2%), reflecting a decline in products and installation to SGD 3.9 million (down 16.7%), partly offset by servicing and maintenance of SGD 0.5 million (up 8.9%) and rental income of SGD 0.7 million (up 15.9%) on higher occupancy. The group posted a net loss attributable to shareholders of SGD 0.7 million for FY2025, with basic and diluted loss per share of 0.177 cents. For 2H FY2025, revenue was SGD 3.0 million (down 27.5%) and net profit attributable to shareholders was SGD 0.1 million (down 71.9%). Progen said the products and installation decline was linked to a major project at Tan Quee Lan reaching its final stage with slower revenue recognition, while new projects were at an initial slow start stage. Other income for FY2025 was SGD 0.2 million (down 50.5%), mainly due to no share of profits from an associated company, alongside lower interest income and a smaller fair value gain on investment securities; the group also recorded a share of loss of an associated company of SGD 0.1 million. As at 31 Dec 2025, net asset value per share was 6.400 cents, with cash and cash equivalents of SGD 0.6 million and fixed deposits of SGD 9.3 million. Progen maintained a “challenging” 12-month outlook and said it will continue exploring new business opportunities while consolidating and optimising resources across its businesses; no dividend was declared for FY2025 as the group and company were loss-making.
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. Progen Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: GUFI3HIXP47ZYKSA) on February 28, 2026, and is solely responsible for the information contained therein.
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