Kinergy Corporation Ltd. Issues Profit Warning for FY2025
Kinergy Corporation Ltd. Issues Profit Warning for FY2025
Key Points for Investors
- Significant Net Loss Expected for FY2025: Kinergy Corporation Ltd. (the “Company”) has announced, based on preliminary unaudited management accounts, that it expects to record a net loss of approximately S\$6.6 million for the year ended 31 December 2025. This marks a substantial increase from the net loss of S\$3.6 million recorded in FY2024.
- Revenue Growth: The Group’s revenue is anticipated to grow to approximately S\$106.0 million in FY2025, up from S\$99.0 million in FY2024. This demonstrates continued top-line growth despite the increased net loss.
- Improved Gross Profit: Gross profit is expected to increase to S\$8.0 million for FY2025, compared to S\$6.3 million in the previous year. This indicates operational improvements at the gross margin level.
- One-off Income Impact: The higher net loss in FY2025 is primarily attributed to the absence of a one-off carry income of approximately S\$8.1 million that was recognized in FY2024. The exclusion of this non-recurring gain has resulted in a less favorable bottom line for FY2025, despite underlying improvements.
Important Information for Shareholders
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Potential Share Price Impact: The announcement of a larger net loss, particularly when compared to the previous year, is potentially price sensitive. Investors should be aware that the absence of the S\$8.1 million one-off income significantly affects year-on-year earnings comparability and may lead to negative investor sentiment or share price volatility.
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Results Not Yet Audited: The figures provided are based on management’s preliminary assessment of unaudited consolidated accounts. The final results are subject to further audit, review, and possible adjustment. The audited annual results are expected to be published by the end of March 2026.
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Caution Advised: The Board explicitly advises shareholders and potential investors to exercise caution when dealing in shares of the Company until the final results are released.
Detailed Financial Overview
Based on information currently available, Kinergy Corporation Ltd. anticipates the following for FY2025:
- Revenue of approximately S\$106.0 million, up from S\$99.0 million in FY2024.
- Net loss of approximately S\$6.6 million, compared to a net loss of S\$3.6 million in FY2024.
- Gross profit of S\$8.0 million, up from S\$6.3 million year-on-year.
- The increased net loss is mainly due to the absence of the S\$8.1 million one-off carry income that was recognized in FY2024, not due to operational deterioration.
The Company is in the process of finalizing its audited consolidated financial statements for FY2025. All numbers are subject to change pending the completion of this process.
Leadership and Governance
The Board comprises a mix of executive, non-executive, and independent non-executive directors. The executive team is led by Mr. Lim Kuak Choi Leslie, who also serves as CEO. The announcement is authorized by the Board and was published on 23 February 2026.
Investor Guidance
Shareholders are strongly advised to review the upcoming annual results announcement for the year ended 31 December 2025, which is expected to be published by the end of March 2026. Until then, caution is advised when dealing in the Company’s shares.
Disclaimer: This article is based on the Company’s voluntary announcement and preliminary unaudited management accounts. The final audited results may differ. Investors should exercise caution and consult the official audited financial statements before making investment decisions. The information above does not constitute investment advice.
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