FJ Benjamin Holdings widens net loss in FY 2025
FJ Benjamin Holdings Limited reported a widened net loss of $16.6 million for FY 2025, compared to a loss of $6.1 million in FY 2024. Revenue fell by 22.9% to $60.5 million, driven by a 32.8% drop in Singapore and a 10.0% decline in Malaysia. The decrease was attributed to the closure of unprofitable stores and weak consumer sentiment, along with a $6 million drop in exports to Indonesia due to reduced purchasing needs.
The group said revenue for the year also declined by 22.9% to $60.5m.
FJ Benjamin Holdings Limited has reported a net loss attributable to shareholders of $16.6m in the financial year 2025, as compared to a net loss of $6.1m in FY2024.
The group said revenue for the year also declined by 22.9% to $60.5m, as sales in Singapore and Malaysia fell by 32.8% and 10.0%, respectively.
The decrease was partly attributable to the closure of non-profitable stores, as well as persistently weak consumer sentiment.
Moreover, exports from Singapore to the Indonesian associate declined by $6m due to reduced purchasing requirements.
