First Sponsor expects 1H2026 net loss on S$33.2 million derivatives mark-to-market hit

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First Sponsor Group Ltd. expects a net loss in the first half of 2026, primarily driven by S$33.2 million in unrealized mark-to-market losses on financial derivatives due to currency fluctuations and an additional S$10.7 million from matured hedges. The company also reported a share of loss from associate NSI of approximately S$6 million linked to property adjustments. Despite these losses, First Sponsor maintains strong liquidity with over S$270 million in cash and undrawn bank facilities as of June 30, 2026.

  • First Sponsor guided for a net loss in 1H2026, driven by derivative fair-value losses, FX losses on matured hedges, and an associate loss. * Expected net unrealized mark-to-market loss on financial derivatives of S$ 33.2 million, mainly from CNH and A$ strength versus the Singapore dollar. * Planned recognition of a further S$ 10.7 million net loss from financial derivatives that matured during the period. * Share of loss from associate NSI of about € 4 million, or about S$ 6 million at €1:S$1.49, tied to property value adjustments. * Liquidity cited at over S$ 270 million of cash and undrawn committed bank facilities as of June 30, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Sponsor Group Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: C03E8VQU4STSG8YT) on July 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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