Nanyang NewDev reported FY2025 revenue of SGD 5.9 million (down 16.3%) and a loss after tax of SGD 7.7 million (more than doubled). Loss attributable to owners was SGD 6.8 million (more than doubled), with basic loss per share of 1.34 cents. For 2H2025, revenue was SGD 3.3 million (down 5.8%) and loss after tax was SGD 5.4 million (more than tripled). Gross profit for FY2025 was SGD 0.9 million (down 41.0%), while general and administrative expenses rose to SGD 6.3 million (up 56.3%), including higher legal and professional fees linked to a settlement agreement and corporate exercises, and cessation payments. The group recorded impairment losses on financial assets of SGD 1.1 million and impairment losses on non-financial assets of SGD 0.7 million. Cash and cash equivalents ended FY2025 at SGD 8.4 million; fixed deposits were nil, which the company attributed to lower USD funds available and cash used in operations. Net asset value per share was 1.17 cents at 31-Dec-2025. Management said weaker demand and intensified price competition weighed on sales and margins, and noted a write-down of aging inventories at its China subsidiary. Post-period, Nanyang NewDev completed its name change and announced a SGD 4.2 million convertible notes subscription agreement, as well as an agreement to invest into Gold Bar Pte. Ltd. for a 55% stake (not completed as of the announcement date). No dividend was declared for FY2025.

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. Nanyang New Development Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: A2H2NMKFMD3W75B7) on March 01, 2026, and is solely responsible for the information contained therein.