TOMO Holdings (06928) issues profit warning, expecting a loss of approximately 3.7 million Singapore dollars in 2025.

TOMO HOLDINGS (06928) announced that the group is expected to incur a loss of approximately 3.7 million Singapore dollars for the year ending December 31, 2025 (current year), compared to a loss of approximately 2.6 million Singapore dollars in the previous year (corresponding year). The Board of Directors believes that the increase in losses is mainly due to the following reasons: travel and entertainment expenses increased from approximately 100,000 Singapore dollars in the corresponding year to around 300,000 Singapore dollars in the current year, as a result of increasing marketing activities to improve the group's business; and foreign exchange gains and losses changed from a net gain of approximately 200,000 Singapore dollars to a net loss of around 300,000 Singapore dollars. Foreign exchange gains and losses mainly reflect the exchange differences arising from settling foreign exchange transactions and the translation of foreign currency denominated assets and liabilities at year-end exchange rates, as well as fair value gains on investment properties.