Great Eastern Holdings delivered solid performance and growth despite facing a challenging business environment characterised by market volatility and shifting interest rate conditions. Although total weighted new sales declined, a successful shift in the product mix led to an improvement in overall margins and a subsequent increase in the long-term profitability measure for new business. This increase in overall profit was largely driven by robust investment results from the shareholders’ fund.

• Sales volumes softened, yet the Group achieved stronger long-term new business profitability by strategically adapting its product mix to align with customer needs

• Discover how effective portfolio management and favourable market conditions generated a significant boost in the profit derived from the shareholders’ fund

• Understand the impact of a challenging market sentiment in certain regions and the shift away from specific premium sales following a move towards longer-term financial planning priorities

Wilmar International Limited's third quarter of 2025 saw significant improvements in core profitability, reflecting stronger operational success across all key segments. The Food Products segment performed better, boosted by steady sales growth and strong results in China, while the Feed & Industrial Products segment recorded favourable outcomes. However, overall results were unfortunately impacted by a substantial compensation payment arising from an Indonesia Supreme Court decision concerning historical actions during a cooking oil shortage. Despite this setback, the Group achieved stable operating cash flows and reduced its net debt, maintaining a cautiously optimistic outlook.

• Stellar operational results across core segments fueled a significant jump in core profitability during the quarter

• Discover the surprising reason behind the Group reporting a net loss, linked to a compensation payment tied to prior actions concerning cooking oil scarcity in Indonesia

• Market factors, including the softening of commodity prices, led to lower working capital needs, improving the Group's overall financial obligations

Lion Asiapac Limited’s First Quarter saw significant upheaval following the completion of a major subsidiary disposal, Compact Energy Sdn Bhd (CESB). This transaction fundamentally impacted the financial results, leading the Group to incur an expected loss due primarily to required accounting adjustments related to foreign currency reserves. Despite this, the core continuing operations showed growth, and the Group plans to strengthen these activities amidst an uncertain economic climate.

• A major subsidiary disposal was finalized, leading to a financial loss due to the de-consolidation of foreign currency translation reserves

• The Group's remaining core businesses achieved higher top-line performance, driven by increased trading and roofing solution supply

• The future strategy involves focusing on core growth areas and exploring new opportunities, exercising prudence due to the uncertain economic outlook

This episode reveals a period of resilience and strategic growth. Sheng Siong Group delivered increased profitability, driven by expanding its physical presence and continually improving its sales mix, even as it contended with high operational costs and competitive pressures. Management is focused on enhancing efficiency and preparing for future expansion by committing to a major new infrastructure project. The outlook acknowledges persistent external risks, reinforcing the strategy of offering value to consumers who remain cautious amid global uncertainty.

• The company’s store network continued to expand aggressively, driving strong top-line performance across the period

• Management successfully improved profit margins through a better product assortment, mitigating the impact of rising expenses from staffing and new leases

• A significant investment has been announced for a new distribution hub and headquarters, designed to support the Group’s extensive long-term store opening strategy

Miyoshi Limited's full financial year results confirm significant challenges stemming from an uncertain global economic outlook. The Group recorded a net loss as revenue declined across all operating segments, exacerbated by weaker demand and discontinued customer orders in Asia. Management remains focused on core integrated engineering services and maintaining strict cost discipline amidst these persistent headwinds. The Board adopted a prudent approach regarding shareholder returns.

• Explore how market weakness in China and the Philippines drove down sales in key business segments, including Automotive and Consumer Electronics

• Uncover the significant workforce restructuring and headcount reductions implemented across certain subsidiaries to manage costs and improve operational efficiencies

• Learn why the Board chose to conserve cash reserves rather than recommending a dividend for the financial year amidst the challenging business environment

LMIRT Management reports substantial operational improvements for the third quarter of 2025, driven by strategic asset enhancement initiatives (AEIs) and a refined tenant mix. The focused approach on enhancing asset quality and maintaining prudent capital management has strengthened portfolio resilience and contributed to a positive financial turnaround, positioning the Trust for sustained competitiveness in Indonesia’s evolving retail market.

• Strategic upgrades have paid off, successfully driving stronger shopper engagement and visitor traffic across key geographical regions

• The Trust maintained a healthy level of occupied space, reflecting robust underlying performance and achieving positive rental agreements upon renewal

• A recent major capital exercise was launched to improve financial flexibility, reduce existing obligations, and fund ongoing portfolio improvements

The period saw Mapletree Industrial Trust Management navigate a fluid global economic landscape. Operational performance demonstrated stability, supported by strong rental reversions and longer lease commitments in Singapore. However, financial outcomes were affected by foreign exchange headwinds and the absence of a large one-off gain realized previously. Strategic divestments were completed to streamline the portfolio and enhance financial flexibility for investment opportunities, particularly in expanding data centre markets.

• Explore how strategic sales of properties in Singapore unlocked value and bolstered the capital structure

• Uncover the stable operational results, driven by positive rental trends and an increase in overall lease to expiry

• Understand the impact of global uncertainty, currency fluctuations, and the absence of prior period exceptional gains

Singapore Paincare Holdings Limited reports a net loss for the financial year ended 30 June 2025 (FY2025). This financial reversal was driven by a confluence of factors, including operational difficulties, non-operating losses, and strategic investments. Management noted that the tightening of claims processes by insurers also impacted revenue.

• The financial outcome was negatively affected by necessary impairment charges, specifically those relating to goodwill and plant and equipment, due to the underperformance of various clinics

• The Group recorded a share of losses from a joint venture and associates, with the joint venture loss primarily caused by a revaluation loss on an investment

• In response to evolving market conditions, the Group undertook a significant rebranding exercise and increased investments in marketing and digital transformation initiatives, including the acquisition of AI technologies

Nomura Holdings reported another strong overall performance, underscoring the success of its strategy to strengthen the business model for sustained delivery. The results highlight significant divisional accomplishments, including key milestones in recurring revenue and asset accumulation. Wholesale delivered a substantially more robust performance, reflecting effective capital discipline, while the Banking division also booked solid revenues.

• The Wealth Management division achieved record high recurring revenue assets, a milestone driven by a prolonged sequence of net inflows

• Investment Management celebrated assets under management reaching an all-time high, maintaining strong momentum due to a consistent record of net inflows

• Wholesale pretax income jumped significantly compared to the previous year, supported by record high revenues generated by the Equities business

Mapletree Logistics Trust Management delivered another quarter of resilient operational performance, highlighted by stable sequential results and proactive capital management efforts that helped reduce borrowing costs. Despite lingering macroeconomic caution and the impact of weaker foreign currencies year-on-year, the portfolio maintained a high level of occupancy. The Manager continues its strategy of portfolio rejuvenation, focusing on green initiatives and disciplined risk mitigation.

• Operational Excellence: Portfolio space utilization improved, reflecting robust leasing demand and resilient performance across key markets

• Financial Foresight: Learn how the Manager leveraged favorable market shifts and hedging strategies to achieve lower financing expenses this quarter

• Future-Proofing the Assets: Strategic divestments and the completion of a major redevelopment project pave the way for a modern, high-potential asset base