Resources Global Development FY2025 revenue steady at S$119.9 million, audited profit rises to S$37.2 million on one-off gain from associate stake sale

SGX Filings
Apr 10

Resources Global Development Limited has reported an audited net profit of S$37.20 million for the year ended 31 Dec 2025, up from S$22.84 million in the unaudited results released in February. The near-S$14.4 million uplift was chiefly driven by a remeasurement gain booked on the partial divestment of the group’s 31.22 per cent stake in Indonesian associate PT SINI.

Revenue was unchanged at S$119.86 million. Basic and diluted earnings per share came in at 4.97 Singapore cents, versus the previously disclosed 2.49 Singapore cents in the unaudited statement. The company did not declare a dividend for the period.

Performance drivers • Other income surged to S$18.97 million from S$4.68 million after the remaining 16.22 per cent interest in PT SINI was reclassified to a financial asset and marked to fair value, creating a S$13.8 million fair-value remeasurement gain. • Gross profit edged down 0.3 per cent to S$37.48 million as cost of sales and services ticked 0.2 per cent higher to S$82.38 million. • Administrative expenses were trimmed 2.4 per cent to S$7.70 million, aided by a S$0.5 million reversal of over-accrued post-employment benefit liabilities after an actuarial review. • The disposal of the 15 per cent stake in PT SINI generated proceeds of S$5.8 million and a direct gain of S$4.4 million; combining this with the fair-value uplift on the retained interest lifted pre-tax profit to S$39.62 million.

Headwinds • Currency translation differences sliced S$4.96 million from other comprehensive income as the group translated Indonesian-rupiah assets into Singapore dollars. • Fair-value gains recognised in other comprehensive income were revised to S$71.55 million, down from S$86.55 million in the unaudited results, reflecting the reclassification of the PT SINI holding.

Strategic moves Management said the partial exit from PT SINI aligns with the group’s capital-recycling strategy and provides flexibility to fund future growth projects. The reclassification of the remaining stake allows the group to mark the holding to market, capturing any subsequent valuation changes via other comprehensive income.

No financial targets, executive commentary or market outlook were disclosed in the filing.

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