Quarterly ResultMay 18, 2026, 07:01 AM
INNEOVA Holdings Reports FY2025 Net Loss $0.4M; Secures PSA Contract
AI Summary
INNEOVA Holdings Limited announced its audited financial results for fiscal year ended December 31, 2025, reporting a net loss of $0.4 million, a decline from net income of $0.4 million in 2024, on revenue of $58.4 million, down 6.9%. Despite softer international demand, the company strengthened operating cash generation by 75% to $4.4 million and reduced bank borrowings by $3.4 million. Key strategic milestones included a multi-year overhaul contract win from PSA Singapore, a Hydrogen Pathfinder Pilot with HyCee Pte. Ltd., and a post-year-end partnership to distribute XCMG electric material handling equipment in Singapore.
Key Highlights
- Net Loss: $0.4 million for FY2025, compared to net income of $0.4 million in 2024.
- Revenue: $58.4 million, a 6.9% decrease from $62.7 million in the prior year.
- Net Cash Provided by Operating Activities: $4.4 million, a 75% increase from $2.5 million.
- Bank Borrowings: Reduced by $3.4 million to $18.9 million as of December 31, 2025.
- Gross Profit: $11.2 million, with margin at 19.2% (vs. 19.6% in 2024).
- Secured multi-year overhaul contract from PSA Singapore.
- Partnered with HyCee Pte. Ltd. for Hydrogen Pathfinder Pilot.
- Signed distribution partnership with XCMG for electric material handling equipment.
Price Impact
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