Asian Micro Holdings Limited FY2025 Interim Financial Results: Revenue Growth, No Dividend Declared for Year Ended 30 June 2025 20

Asian Micro Holdings Limited: FY2025 Financial Results Analysis

Asian Micro Holdings Limited, a Singapore-based group engaged in compressed natural gas (CNG), clean room supplies, and property leasing, has released its condensed interim financial statements for the year ended 30 June 2025. Below is a comprehensive analysis of the Group’s performance, key metrics, and outlook.

Key Financial Metrics and Performance Table

Metric	FY2025 (Full Year)	FY2024 (Full Year)	YoY Change
Revenue	S\$6.56 million	S\$4.75 million	+38%
Gross Profit Margin	26%	21%	+5pp
Net Loss	S\$0.20 million	S\$0.73 million	-73% (narrowed loss)
EPS (Basic/Diluted)	Not disclosed	Not disclosed	–
Dividend per Share	NIL	NIL	No Change
Cash & Cash Equivalents	S\$0.60 million	S\$0.40 million	+50%

Segmental Performance

Natural Gas Vehicle (NGV) Related Business: Remained the largest contributor with revenue of S\$4.81 million (up from S\$4.10 million), reflecting sector resilience and volume growth.
Manufacturing & Trading: Revenue increased to S\$0.75 million from S\$0.63 million, showing improvement in clean room packaging business, especially in Thailand and the Philippines.
Property Business: Significant growth to S\$0.99 million (from S\$0.02 million), underpinning improved gross profit margins for the Group.

Balance Sheet Highlights

Current Assets: Increased to S\$4.49 million, mainly due to growth in development properties.
Current Liabilities: Rose to S\$3.63 million, driven by increased payables, accrued expenses, contract liabilities, and a director loan.
Non-Current Assets & Liabilities: Largely stable with minor changes from depreciation and lease repayments.

Cash Flow Summary

Net cash and cash equivalents increased by S\$0.20 million to S\$0.60 million, mainly due to financing inflows (notably an interest-free loan from a major shareholder/director) offsetting operating and investing cash outflows.

Dividends

No dividends were declared for FY2025, consistent with the prior year. Management cited a need to conserve cash for daily operations and business needs.

Related Party Transactions and Funding

Rental Payments: S\$63,000 paid to ACI Technology (S) Pte Ltd, controlled by major shareholders/directors, for factory and office leases.
Shareholder Loan: Interest-free loan of RM5,000,000 (of which RM1,000,000 disbursed as of 30 June 2025) from the Controlling Shareholder/CEO to support working capital.
IPT Mandate: No general mandate obtained from shareholders for interested person transactions (IPT).

Chairman’s Statement and Tone

Management expects the operating business environment over the next 12 months to remain challenging due to global economic uncertainties. Despite the challenging market condition in which the businesses operate, the Group remains focused on enhancing operational efficiency, exercising strict cost control, conserving cash and ensuring long-term sustainability of its existing businesses.

The Chairman’s tone is cautious but proactive, emphasizing cost management and sustainability amid uncertainty.

Notable Corporate Actions and Events

No share buybacks, placements, or dilution occurred.
On 4 September 2024, the company increased its stake in Leverage Income Sdn Bhd to 49% via a subscription for additional shares, signaling commitment to its property and development segment.
No major divestments, IPOs, or asset sales reported.
No material subsequent events or legal disputes disclosed.

Outlook

The Group acknowledges a challenging macroeconomic environment but is committed to operational efficiency and cash conservation. No forecasts or profit guidance were provided for FY2026.

Conclusion: Performance and Recommendation

Overall Assessment: Asian Micro Holdings Limited delivered a significantly improved top line and narrowed net loss for FY2025, with meaningful contributions from the NGV and property segments. However, persistent losses, tight working capital, and no dividend payout reflect ongoing operational challenges. The Group’s dependence on shareholder funding and related-party support is notable, and the Chairman’s statement signals a defensive stance amid global headwinds.

Investor Recommendations

If You Are Currently Holding the Stock:
- Consider holding if you are a long-term investor with a high risk tolerance and confidence in management’s ability to navigate macro headwinds. The improved revenue trend and narrowing loss are positives, but continued vigilance is warranted given the lack of dividend and ongoing losses.
- Monitor upcoming quarters for sustained profitability, cash flow improvements, and reduction in related-party dependence.
If You Are Not Currently Holding the Stock:
- Adopt a wait-and-see approach. Entry may be more attractive if the Group demonstrates consistent profitability, delivers stronger cash flows, or provides clearer growth and dividend prospects.
- Investors seeking immediate returns or lower-risk profiles may wish to look elsewhere until financial stability is more firmly established.

Disclaimer: This analysis is based solely on information disclosed in the FY2025 interim financial statements of Asian Micro Holdings Limited. It does not constitute financial advice or a specific investment recommendation. Please consult your professional adviser before making investment decisions.