- Established in 1974
- Singapore - Korea - China - Malaysia - Vietnam
United Arab Emirates - Azerbaijan - United Kingdom
Financials Results
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Revenue
FY2026 vs FY2025
For the 12 months ended 31 March 2026 ("FY2026"), the Group's revenue from continuing operations was S$26.7 million, a decrease of S$11.6 million or 30.2% from S$38.3 million in the corresponding period ended 31 March 2025 ("FY2025").
2H FY2026 vs 2H FY2025
For six months ended 31 March 2026 ("2H FY2026"), the Group's revenue was S$13.1 million, a decrease of S$5.6 million or 29.8% from S$18.7 million in the corresponding period ended 31 March 2025 ("2H FY2025").
Gross profit
FY2026 vs FY2025
The Group reported gross profit from continuing operations of S$6.2 million in FY2026, a decrease of S$7.1 million or 53.5% from S$13.3 million in FY2025. Gross profit margin declined from 33.3% in FY2025 to 23.1% in FY2026.
2H FY2026 vs 2H FY2025
The Group reported gross profit of S$3.2 million in 2H FY2026, a decrease of S$2.7 million or 45.8% from a gross profit of S$5.9 million in 2H FY2025. Gross profit margin declined from 29.4% in 2H FY2025 to 24.5% in 2H FY2026.
Distribution costs
FY2026 vs FY2025
Distribution costs from continuing operations decreased by S$0.6 million or 20.7% from S$3.1 million in FY2025 to S$2.4 million in FY2026.
2H FY2026 vs 2H FY2025
Distribution costs decreased by S$0.3 million or 23.2% from S$1.5 million in 2H FY2025 to S$1.2 million in 2H FY2026.
Administrative expenses
FY2026 vs FY2025
Administrative expenses from continuing operations decreased by S$1.4 million or 12.9% from S$11.2 million in FY2025 to S$9.8 million in FY2026, reflecting continued overhead reduction and headcount optimisation across the Group.
2H FY2026 vs 2H FY2025
Administrative expenses decreased by S$1.7 million or 25.1% to S$4.8 million in 2H FY2026 compared to S$6.5 million in 2H FY2025.
Other operating income
FY2026 vs FY2025
Other operating income from continuing operations increased by S$0.5 million from S$0.1 million in FY2025 to S$0.6 million in FY2026.
2H FY2026 vs 2H FY2025
Other operating income decreased by S$0.3 million from S$0.1 million in 2H FY2025 to S$0.4 million in 2H FY2026.
Other operating expenses
FY2026 vs FY2025
Other operating expenses from continuing operations were S$0.7 million in FY2026 compared to S$0.8 million in FY2025, a decrease of S$0.1 million.
2H FY2026 vs 2H FY2025
Other operating expenses in 2H FY2026 were S$0.3 million compared to other operating income of S$33 thousand in 2H FY2025, an increase of S$0.3 million.
Impairment loss on trade receivables
FY2026 vs FY2025 and 2H FY2026 vs 2H FY2025
Reversal of impairment loss on trade receivables of S$0.2 million and S$0.1 million were recognised in FY2026 and 2H FY2026 respectively, as compared to reversal of impairment loss of S$0.1 million and S$0.4 million in both FY2025 and 2H FY2025.
Impairment loss on property, plant and equipment, right-of-use assets and intangible assets
FY2026 vs FY2025 and 2H FY2026 vs 2H FY2025
There was no material impairment loss recognised on property, plant and equipment, right-of-use assets and intangible assets in FY2026, 2H FY2026, FY2025 and 2H FY2025.
Provision for inventory
The Group recognised an inventory write-down of S$4.5 million during FY2026, of which the substantial majority was recognised in 2H FY2026. The write-down arose from management's annual net realisable value review of inventories carried out in accordance with SFRS, which identified the following:
(i) ageing and slow-moving stock holdings in legacy product lines for which forward demand visibility has reduced;
(ii) specific items where the estimated selling price net of costs to complete and sell has fallen below carrying cost due to competitive pricing pressure and changes in customer specification; and
The inventory write-down is a non-cash charge with no impact on the Group's operating cash flow in FY2026. Excluding the inventory write-down, other operating expenses for FY2026 from continuing operations would have been broadly in line with FY2025. The remaining carrying value of inventory as at 31 March 2026 of S$9.4 million represents management's best estimate of net realisable value based on current market conditions and is reviewed at each reporting date.
Finance costs
FY2026 vs FY2025 and 2H FY2026 vs 2H FY2025
Finance costs decreased by S$0.4 million or 33.4% from S$1.1 million in FY2025 to S$0.7 million in FY2026 and decreased by S$0.2 million or 37.2% from S$0.5 million in 2H FY2025 to S$0.3 million in 2H FY2026. This reflects the substantial repayment of bank borrowings during the year.
Loss from continuing operations
FY2026 vs FY2025
The Group reported loss from continuing operations was S$11.6 million in FY2026 compared to S$3.3 million in FY2025. Excluding the inventory write-down of S$4.5 million, the underlying loss before income tax from continuing operations for FY2026 would have been approximately S$7.1 million.
2H FY2026 vs 2H FY2025
The Group reported a loss from continuing operations of S$7.7 million in 2H FY2026 compared to S$2.6 million in 2H FY2025, with the increase primarily reflecting the timing of recognition of the inventory write-down.
Loss from discontinued operations
For FY2026, the Marine operations contributed a total loss after tax of S$3.2 million compared to FY2025 loss after tax of S$6.7 million. Please refer to the loss from discontinued operations disclosure above for details.
Total comprehensive income for the period
FY2026 vs FY2025
The total comprehensive loss for FY2026 was S$14.7 million compared to a total comprehensive loss of S$7.4 million for FY2025.
2H FY2026 vs 2H FY2025
The total comprehensive loss for 2H FY2026 was S$9.9 million compared to total comprehensive loss of S$1.6 million in 2H FY2025.
Current assets
Current assets at the Group level decreased by S$18.6 million or 45.0% from S$41.3 million as at 31 March 2025 to S$22.7 million as at 31 March 2026. This was mainly due to: (i) a decrease in inventories by S$11.2 million; (ii) a decrease in trade receivables of S$5.0 million; and (iii) a decrease in cash and cash equivalents of S$2.2 million; (iv) a decrease in contract assets of S$1.3m, offset by an increase in other receivables of S$1.1 million.
Current assets at company level decreased by S$2.7 million or 88.9% from S$3.0 million as at 31 March 2025 to S$0.3 million as at 31 March 2026. This was mainly due to: (i) a decrease in trade receivables by S$2.0 million; (ii) a decrease in Cash and cash equivalents by S$0.3 million; (iii) a decrease in contract assets by S$0.5 million, offset by an increase in other receivables by S$0.1 million.
Non-current assets
Non-current assets at the Group level decreased by S$3.6 million or 6.9% from S$53.3 million as at 31 March 2025 to S$49.7 million as at 31 March 2026. The decrease was mainly due to: (i) a decrease of S$3.1 million in property, plant and equipment; (ii) a decrease of S$0.5 million in right-of-use assets.
Non-current assets at company level decreased by S$72.5 million or 46.1% from S$157.5 million as at 31 March 2025 to S$85.0 million as at 31 March 2026. The decrease is mainly due to the decrease of Subsidiaries.
Current liabilities
Current liabilities at the Group level decreased by S$8.1 million or 27.9% from S$29.0 million as at 31 March 2025 to S$20.9 million as at 31 March 2026. The decrease was mainly due to repayment of S$5.1 million in bank borrowings and a reduction of S$2.7 million in trade and other payables.
Other Payables of S$9.8 million as at 31 March 2025 at the Group level are mainly:
Other Payables of S$10.5 million as at 31 March 2026 at the Group level are mainly:
Current liabilities at the Company level increased by S$4.3 million or 67.2% from S$6.4 million as at 31 March 2025 to S$10.7 million as at 31 March 2026.
Non-current liabilities
Non-current liabilities at the Group level decreased by S$1.2 million or 13.1% from S$9.1 million as at 31 March 2025 to S$7.9 million as at 31 March 2026. The decrease was mainly due to a decrease of S$0.9 million in lease liabilities.
Capital, reserves and non-controlling interests
Shareholders’ equity decreased by S$13.0 million or 23.1% from S$56.5 million as at 31 March 2025 to S$43.5 million as at 31 March 2026 due to total comprehensive loss of S$14.7 million incurred in FY2026, offset by the net equity change from the recognition of non-controlling interest of S$1.7 million.
The cash and cash equivalents at 31 March 2026 decreased by S$1.5 million or 33.3% from S$4.7 million as at 31 March 2025 to S$3.2 million as at 31 March 2026.
Net cash generated from operating activities
Net cash outflow of S$0.9 million from operating activities in FY2026 as compared to net cash inflow of S$1.7 million in FY2025. Net cash used in operating cash before changes in working capital in FY2026 was S$6.3 million as compared to S$3.5 million in FY2025.
Net working capital inflow was S$5.5 million in FY2026 as compared to inflow of S$5.3 million in FY2025. The net working capital inflow in FY2026 was mainly contributed by i) a decrease in trade and other receivables of S$3.5 million and ii) a decrease in inventories of S$6.3 million and (iii) a decrease in contract assets of S$1.2 million, offset by i) a decrease in trade and other payables of S$5.2 million and ii) an decrease in contract liabilities of S$0.3 million.
Net cash generated from / (used in) investing activities
Net cash of S$1.9 million was generated from investing activities in FY2026 as compared to S$4.4 million generated from investing activities in FY2025.
Net cash used in financing activities
Net cash of S$2.7 million was used in financing activities in FY2026 as compared to S$8.5 million in FY2025. The net cash used in FY2026 was mainly due to repayment of bank borrowings and interest of S$5.1 million, repayment of lease liabilities and interests of S$1.1 million, offset by S$3.2 million short-term advance from related corporations, and the release of restricted cash at a bank of S$0.4 million.
AMOS Group Limited is a long-established supplier of products and service to energy customers from facilities operating in Asia, the Middle East, and the United Kingdom. The business prospects for AMOS are impacted by shifts in the global trade of goods as well as the development of current and existing energy resources. The Group is focusing efforts to drive sales and streamline costs to meet its financial obligations.