GRANDSHORES (HKEX: 01647) has released its financial results for the year ended March 31, 2026. The company reported a revenue of approximately S$85.854 million, representing a decrease of 21.79% compared to the previous year.

The loss attributable to the company's owners was about S$2.8009 million, which marks an increase of approximately 173.64% year-on-year. The basic and diluted loss per share was 0.23 Singapore cents.

According to the announcement, the widened loss was primarily due to a decrease in gross profit during the review period and an increase in losses from other income and expenses. This negative impact was partially offset by a reversal of impairment losses on financial assets recorded in the current year, compared to impairment losses recognized in the prior year.