Episodes

Monday Aug 11, 2025
Monday Aug 11, 2025
GSH Corporation Limited experienced an increase in revenue and operating profit during the first half of 2025, although it still reported a net loss for the period. The Group's financial position saw shifts in various asset and liability categories, reflecting strategic divestments and operational changes.
• Explore how the Group's hospitality business showed an encouraging increase in revenue• Discover the impact of a key asset divestment, leading to a significant change in the investment property portfolio• Unpack the dynamics of cash flows, highlighting the interplay between operating, investing, and financing activities

Monday Aug 11, 2025
Monday Aug 11, 2025
For the first half of 2025, Tye Soon Limited experienced a modest increase in group turnover, though this was partially offset by currency appreciation of the Singapore Dollar against key operating currencies. Despite resilient demand for automotive parts, profitability saw a decrease, primarily due to higher foreign exchange losses and a softer margin outlook influenced by a cautious global trading environment.
• Explore the nuanced impact of currency movements on Tye Soon's reported revenue across its main overseas markets• Uncover how shifts in global trade and competitive pressures influenced customer sentiment and profitability during the period• Delve into changes in the company's financial health, including movements in inventory levels, receivables, and cash balances, alongside an increase in net gearing

Saturday Aug 09, 2025
Saturday Aug 09, 2025
For the first half of FY2025, Avarga Limited experienced a significant decrease in its reported net profit, primarily influenced by the re-presentation of discontinued operations and a substantial one-off expense. The core building products business demonstrated a slight decline in revenue and gross profit, attributed partly to currency fluctuations.
• The Group’s financial results reflect a considerable shift in overall profitability, impacted by strategic adjustments and specific charges• The balance sheet saw notable changes, including an increase in trade receivables and a significant rise in total liabilities, driven by increased facility utilisation and payables• A major business segment was reclassified as discontinued operations, fundamentally altering the Group's reporting structure and financial comparison

Friday Aug 08, 2025
Friday Aug 08, 2025
Sembcorp Industries delivered a resilient performance in the first half of 2025, navigating macroeconomic uncertainties and continuing its strategic transformation towards a low-carbon future. The Group's diversified portfolio helped underpin its earnings stability.
• The Gas and Related Services segment maintained steady earnings, offsetting lower market prices with new contributions from recent acquisitions• The Renewables segment experienced significant growth in operational capacity and improved performance in certain markets, though it faced higher curtailment and lower tariffs in others• The Integrated Urban Solutions segment delivered stable results, supported by increased land sales and operational efficiency gains, amidst ongoing portfolio optimisation

Friday Aug 08, 2025
Friday Aug 08, 2025
Broadway Industrial Group Limited navigated a dynamic landscape in the first half of 2025, with overall financial performance reflecting normalising demand in its core HDD segment. Despite these challenges, the Group demonstrated improved operating cash flow and is actively pursuing strategic initiatives for future growth.
• Discover how shifts in HDD market dynamics impacted revenue and profitability• Learn about the Group's strategic vertical integration and new factory contributions• Uncover insights into cost management and efforts to optimise operational assets

Thursday Aug 07, 2025
Thursday Aug 07, 2025
For the first half of 2025, Serial System Ltd demonstrated a significant financial turnaround, moving from a previous net loss to achieving profitability. This improved performance was supported by growth in revenue across its diverse business segments, coupled with enhanced gross profit margins.
• Discover how Serial System Ltd successfully transitioned from a period of loss to a profitable outcome in 1H2025• Explore the drivers behind increased sales, including strong demand for AI-related products and growth in household appliances, automotive, mobile, gaming, and data centre sectors• Learn about the strategic shifts that led to improved gross profit margins, focusing on higher-margin products and customers

Thursday Aug 07, 2025
Thursday Aug 07, 2025
For the first half of 2025, Pavillon Holdings Ltd. reported a significant shift from a net profit in the prior period to a net loss. Overall revenue saw a slight decrease, though contributions from China operations increased, partially offsetting a decline in restaurant revenue. Expenses rose considerably, particularly finance expenses and currency exchange losses due to the depreciation of the Renminbi against the Singapore Dollar. Other operating expenses also increased, driven by higher administrative, occupancy, and marketing costs. Strategic changes included the reclassification of associated companies, Fengchi IOT and Daju, as subsidiaries, which impacted various financial lines, including interest income and depreciation.
Despite the net loss, the Group saw a substantial net increase in cash and cash equivalents, primarily from investing activities, largely due to proceeds from the disposal of investments classified as financial assets at fair value through other comprehensive income (FVOCI). The Group continues to operate within a dynamic and competitive environment, facing challenges like rising costs and cautious consumer spending due to global economic uncertainties and potential US tariffs.
• Discover why Pavillon Holdings Ltd. experienced a dramatic reversal from profit to loss in the first half of 2025, despite some areas showing growth• Uncover the major operational shifts, including significant consolidations, that reshaped the company's financial landscape and drove up key expenses• Learn how strategic asset decisions generated substantial cash inflows, providing a crucial financial uplift during a period of challenging market conditions

Wednesday Aug 06, 2025
Wednesday Aug 06, 2025
Venture Corporation Limited experienced a year-on-year revenue decline, mainly due to lower customer demand in the Lifestyle technology domain. Despite this, the Group's second quarter showed sequential improvement, with revenue growth across most technology domains. Venture maintained a healthy net profit margin and a robust balance sheet, boasting a strong net cash position.
• Discover how R&D efforts improved product longevity, influencing sales volumes in certain areas• Uncover how proactive working capital management enhanced the Group's overall financial standing• Learn about the Board's latest dividend declaration, signalling strong financial health and commitment to shareholders

Wednesday Aug 06, 2025
Wednesday Aug 06, 2025
Hock Lian Seng Holdings Limited reported a mixed financial performance for the first half of 2025. While the Group saw increased revenue, primarily from its civil engineering segment, it experienced a substantial decline in gross profit due to elevated cost pressures and reduced property sales. This, combined with lower other income, resulted in a decreased profit before tax for the period.
• Discover how increased project activity in civil engineering faced significant cost pressures, impacting overall profitability• Uncover why property development sales declined, contributing to a lower gross profit• Explore the challenging industry conditions, including labour shortages and rising costs, that influenced the Group’s results

Tuesday Aug 05, 2025
Tuesday Aug 05, 2025
HG Metal Manufacturing Limited experienced a period of increased revenue driven by a substantial rise in sales volume, even as average selling prices for steel products continued to decline. The Group's financial results were shaped by changes in operating expenses, finance costs, and the absence of a previously discontinued operation. Facing persistent market pressures, the company is adjusting its strategies to maintain competitiveness and profitability.
• The Group's sales volume saw a significant uplift, helping to bolster overall revenue despite ongoing price reductions in the steel market• A major factor in the financial reporting was the completion of a divestment, removing a segment that had previously incurred losses• Management is actively enhancing inventory controls and pursuing operational efficiencies to navigate volatile market dynamics and secure margins





