First Sponsor FY2025 net loss looms as foreign currencies surge

First Sponsor Group Limited anticipates a net loss for 2H2025 and FY2025, primarily due to fair value losses on financial derivatives linked to the strengthening of foreign currencies against the Singapore dollar. Projected unrealized mark-to-market losses on derivatives are $58.6m for 2H2025 and $56.1m for FY2025, alongside net foreign exchange losses of $21.4m and $20m, respectively. Despite the losses, the group's financial position remains robust with a net gearing ratio of 0.56x and over $500m in cash and bank facilities as of December 31, 2025.