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Profit Vanishes! What Hit OneApex In FY2025?

Episode 340 Published 11 months, 2 weeks ago
Description

OneApex Limited’s FY2025 results highlight a sharp reversal in financial performance, recording a net loss after tax compared to the prior year’s net profit. This major change is largely due to the recognition of significant property development revenue in the previous financial year, with the current year relying mostly on property management fees. The Group also completed the disposal of its financial services segment early in the reporting period. Management is now concentrating on selling the remaining property unit and monitoring the market for suitable acquisition opportunities.

 

• The substantial revenue decline for continuing operations was linked to the major recognition of property sales in the preceding financial year, with no similar sales occurring in FY2025

 

• The Group strategically divested its financial services operations, which are now classified as discontinued

 

• Due to the recorded loss, no dividend was recommended, prioritizing cash retention for future growth


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