SDAI Limited: Net Profit Declined by 114,707 in FY2024

Business Description

SDAI Limited is a company incorporated in Singapore, engaged in the provision of various business services. The company operates in Singapore and has subsidiaries in other countries. The company’s core business segments include revenue generation, cost of sales, and various operating expenses.

Financial Statement Analysis

Based on the financial report for the financial year ended 31 December 2024 (FY2024), the following key findings are observed:

Income Statement

– The company’s revenue remained constant at S\$520,771 compared to the previous year. – The company’s net loss decreased by S\$114,707 from S\$1,829,035 to S\$1,714,328, primarily due to a fair value gain on loan and gain on extinguishment of loans. – The company incurred finance costs of S\$108,372, which increased by S\$97,542 compared to the previous year.

Balance Sheet

– The company’s total assets remained constant at S\$1,254,221. – The company’s total liabilities decreased by S\$114,707 from S\$8,802,569 to S\$8,687,862, mainly due to the decrease in borrowings. – The company’s total equity improved by S\$114,707 from a deficit of S\$7,548,348 to a deficit of S\$7,433,641.

Cash Flow Statement

– The company’s net cash used in operating activities remained constant at S\$3,400,392. – The company generated net cash from financing activities of S\$3,783,803, primarily from proceeds from loans. – The company’s cash and cash equivalents increased from S\$475,835 to S\$725,607 at the end of FY2024.

Recommendation

Based on the financial report, the following recommendations can be made:

For Current Shareholders

Investors currently holding SDAI Limited shares should consider holding their position. While the company’s net profit declined in FY2024, the financial statements indicate improvements in the company’s financial position, with a decrease in total liabilities and an increase in cash and cash equivalents. The company’s ability to generate cash flow through financing activities suggests that it is taking measures to improve its financial stability.

For Potential Investors

Potential investors should closely monitor the company’s future financial performance and strategic initiatives. The decline in net profit and the company’s continued loss-making position may be a concern, but the improvements in the balance sheet and cash flow position could indicate a turnaround in the company’s financial situation. Potential investors should conduct further research and analysis before making an investment decision.

Disclaimer

This report is based solely on the information provided in the financial report for SDAI Limited for the financial year ended 31 December 2024. The recommendations made in this report are not a guarantee of future performance and should be considered in conjunction with other research and analysis. Investors should seek professional advice before making any investment decisions.

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