---
title: "SMJF: FY2026 revenue rose 3.6%, but IPO costs and lower margins resulted in a S$0.9M net loss"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294087681.md"
description: "Revenue grew 3.6% to S$17.4 million in FY2026, but higher IPO-related expenses and lower gross margins led to a net loss of S$0.9 million. Export sales now comprise over half of revenue, increasing exposure to margin pressure and FX risk.Original document: SMJ International Holdings Inc. [SMJF] SEC 20-F Annual Report — Jul. 28 2026DisclaimerThis is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source."
datetime: "2026-07-28T15:24:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294087681.md)
  - [en](https://longbridge.com/en/news/294087681.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294087681.md)
---

# SMJF: FY2026 revenue rose 3.6%, but IPO costs and lower margins resulted in a S$0.9M net loss

Revenue grew 3.6% to S$17.4 million in FY2026, but higher IPO-related expenses and lower gross margins led to a net loss of S$0.9 million. Export sales now comprise over half of revenue, increasing exposure to margin pressure and FX risk.

Original document: SMJ International Holdings Inc. \[SMJF\] SEC 20-F Annual Report — Jul. 28 2026

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

### Related Stocks

- [SMJF.US](https://longbridge.com/en/quote/SMJF.US.md)

## Related News & Research

- [SMJ International proposes bylaw changes easing written resolution threshold, removing Class B conversion triggers](https://longbridge.com/en/news/295266464.md)
- [SMJ International addresses shareholder questions ahead of Sept. 15 vote on charter changes](https://longbridge.com/en/news/295266306.md)
- [KMDA: Record-high revenue and profit growth in H1 and Q2 2026, with 2026 guidance reaffirmed](https://longbridge.com/en/news/295655423.md)
- [INR: Q2 2026 delivered record production, margin, and capital efficiency, with robust 2026 growth outlook](https://longbridge.com/en/news/295449560.md)
- [RXT: Q2 2026 revenue grew 0.6% to $670M; net loss widened to $68M; FY 2026 revenue guided at $2.45–$2.55B](https://longbridge.com/en/news/295454040.md)