Charisma Energy Services Limited: Financial Analysis
2Q & 1H 2025

Financial Metrics Highlighted in the Report

The report states that the Group is expected to report a substantial net profit for the second quarter (2Q 2025) and six months ended 30 June 2025 (1H 2025). No other financial metrics (such as revenue, EPS, EBITDA, assets, liabilities, or cash flow) are provided in the announcement [[1]].

Year-on-Year and Quarter-on-Quarter Comparison

There is no historical financial data or comparative figures from previous quarters or years included in the report. Thus, no comparison can be made on a year-on-year or quarter-on-quarter basis [[1]].

Exceptional Earnings and Expenses

The substantial net profit expected in 2Q 2025 and 1H 2025 is primarily due to a one-off gain arising from the completion of the Group’s debt restructuring. This gain is specifically described as a non-cash item [[1]].

Asset Revaluation

There is no mention of asset revaluation or any delay in the revaluation of assets in the report [[1]].

Early or Delayed Booking of Profit or Loss

The one-off gain is attributed to the completion of debt restructuring and is not described as being booked early or delayed. There is no indication of any manipulation in the timing of profit or loss recognition [[1]].

Chairman Statement

No Chairman’s statement is included or extracted in this announcement. The document is signed by the Company Secretary, Cho Form Po [[1]].

Directors’ Pay

No information is provided about directors’ pay in this announcement [[1]].

Potential Divestment, Listing, or Fundraising

There is no mention of any potential divestment, listing, or fundraising activities in the document [[1]].

Exceptional Events or Risks

There are no references to natural disasters, disputes, court cases, government policy changes, cessation of tax benefits, or macroenvironmental risks that may impact the company’s performance in this announcement [[1]].

Shares Buyback, Dilution, or New Issuance

No mention is made of any shares buyback, dilution, new share issuance, or related mandates or plans [[1]].

Unusual Flow of Funds

No unusual flow of funds to related companies, or suspicious gains, losses, or expenses, are mentioned [[1]].

Sudden Jump in Net Profit, Revenue, or EPS

The company expects to report a substantial net profit for 2Q 2025 and 1H 2025, primarily due to a one-off, non-cash gain from debt restructuring [[1]].

Proposed Dividend

No information regarding dividends or changes to dividend policy is provided in this announcement [[1]].

Other Corporate Actions

No other proposed corporate actions are mentioned in the report [[1]].

Investor-Relevant Details

• The substantial net profit for 2Q 2025 and 1H 2025 is driven by a one-off, non-cash gain from debt restructuring.
• Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares due to the nature of the gain being non-recurring.
• Further financial details will be announced in the interim financial statements before or on 14 August 2025.
• This announcement has been reviewed by the Company’s sponsor, but not by the Singapore Exchange Securities Trading Limited, which assumes no responsibility for its contents [[1]][[2]].

Forecasted Events or Developments

No specific forecasted events or developments are mentioned that could have a positive or negative impact on the company [[1]].

Insights on the Report

The announcement is neutral to slightly positive in tone, as the company will report a substantial net profit, but this is due to a one-off, non-cash gain from debt restructuring. This does not indicate an improvement in operational performance or recurring profitability. The explicit caution to shareholders and potential investors suggests that this profit is not sustainable and that the underlying business performance may not have improved. Investors should await the full interim financial statements for a clearer picture of the company’s operational health and future prospects [[1]].

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