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First Sponsor : The Group Reported A Net Loss Of S$97.7 Million And S$78.8 Million For 2H2025 And FY2025 Respectively
First Sponsor : The Group Reported A Net Loss Of S$97.7 Million And S$78.8 Million For 2H2025 And FY2025
About this update from First Sponsor Group Ltd
FIRST SPONSOR GROUP LIMITED Co Reg. No: 195714 | Business Address: 19 Lorong Telok, Singapore 049031 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Press Release THE GROUP REPORTED A NET LOSS OF S$97.7 MILLION AND S$78.8 MILLION FOR 2H2025 AND FY2025 RESPECTIVELY, DUE MAINLY TO NET UNREALISED MARK-TO-MARKET LOSS FROM THE EXISTING FINANCIAL DERIVATIVES AS AT 31 DECEMBER 2025 AND NET LOSS IN RESPECT OF FINANCIAL DERIVATIVES THAT MATURED DURING 2H2025 AND FY2025, AS WELL AS NET NON-CASH IMPAIRMENT CHARGES AND FAIR VALUE ADJUSTMENTS ON THE GROUP'S DEVELOPMENT PROJECTS IN THE PRC AND INVESTMENT PROPERTIES RESPECTIVELY NOTWITHSTANDING THE 2H2025 AND FY2025 NET LOSS, AS AT 31 DECEMBER 2025, NET GEARING RATIO STOOD AT APPROXIMATELY 0.56X WITH TOTAL CASH AND AVAILABLE UNDRAWN COMMITTED BANK FACILITIES IN EXCESS OF S$520.0 MILLION TO MEET THE GROUP'S OPERATIONAL AND FINANCIAL COMMITMENTS THE GROUP IS IN A SOUND FINANCIAL POSITION TO NOT ONLY NAVIGATE THROUGH THE GEOPOLITICAL AND ECONOMIC CHALLENGES AND UNCERTAINTIES, BUT ALSO TO CAPITALISE ON ANY FAVOURABLE BUSINESS OPPORTUNITIES THAT MAY ARISE Singapore, 24 February 2026 - Singapore Exchange ("SGX") Main Board-listed First Sponsor Group Limited ("First Sponsor" or the "Company", and together with its subsidiaries, associated companies and joint ventures, the "Group") today announced the Group's unaudited financial results for the second half ("2H2025") and full year ("FY2025") ended 31 December 2025. Financial Highlights In S$'000 2H2025 2H2024 Change % FY2025 FY2024 Change % Revenue 137,825 144,686 (4.7%) 291,714 317,559 (8.1%) (Loss)/profit attributable to equity holders of the Company (97,735) 81,093 N.M. (78,757) 93,017 N.M. Total comprehensive (loss)/income attributable to equity holders of the Company (23,726) 50,043 N.M. (11,016) 74,434 N.M. The Board recommended a final tax-exempt (one-tier) cash dividend of 3.69 Singapore cents per share for FY2025. If approved, the total dividend declared for FY2025 will be 4.79 Singapore cents per share, representing a 3% growth from FY2024. This reflects the Board's confidence in the long-term prospects of the Group, notwithstanding the prolonged challenging market conditions in the PRC and the accounting losses reporte...
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