Thai Beverage PLC's financial year saw overall revenue and profit declines, impacted by soft consumer sentiment and economic challenges. However, the Beer business was resilient, achieving net profit growth through efficiency gains, contrasting with struggles elsewhere.

• Increased investment in brand building and currency fluctuation squeezed the Spirits segment’s profits

• The Food segment posted a net loss driven by higher operational costs tied to restaurant expansion and weaker demand

• Non-Alcoholic Beverages saw profit decrease due to expiring tax incentives and high brand spending

Net Pacific Financial Holdings reported a higher consolidated net loss for the first quarter ended 30 September 2025, reflecting persistent challenges across its diversified segments. The newly expanded businesses struggled with external economic factors and internal operational efficiency hurdles. Management is implementing significant strategic adjustments in key segments to enhance profitability and secure stronger market positioning moving forward.

• The Golf Business segment experienced losses as its operating costs exceeded revenue, driven by slowing consumer spending and intense competition from low-cost solutions in China

• Losses in the Luggage Business were attributed to the inability to achieve optimal production efficiency, primarily resulting from project delays caused by client-driven factors like design variations and prolonged development cycles

• The Financing Business segment recorded lower profit compared to the preceding period because it lacked a non-recurring positive reversal of expected credit loss that was recorded previously

BRC Asia Limited achieved a record net profit for the full year 2025, primarily driven by strong market demand and the conversion of a robust sales order book into deliveries. The Group saw increased revenue and gross profit, particularly in the latter half of the year, while simultaneously realizing substantial reductions in finance costs due to improved operating cash flow and lower interest rates. The strong financial footing and strategic acquisition activity position the company to fully engage in the projected domestic construction upcycle.

• The outstanding sales order book provides multi-year earnings visibility, bolstered by major infrastructure project wins, including a significant airport substructure contract

• Strategic actions strengthened the Group’s regional presence through the acquisition of a new subsidiary, extending its reach in overseas markets

• Operating performance benefited from efficient financial management, including reduced interest expenses and lower net foreign exchange losses

The 3Q25 review for Sri Trang Gloves (Thailand) reveals a rebound in sales volume, fueled by renewed purchase orders after clarity on US tariffs. However, profitability margins were constrained by fierce industry competition and adverse currency appreciation. Financially, the company shows improved liquidity and maintains a healthy balance sheet with strong operating cash flow. Management continues to prioritize production efficiency through technology, market expansion across regions, and strong adherence to ambitious environmental, social, and governance (ESG) commitments.

• How did the resumed purchase orders, following regulatory clarity, drive an increase in sales volume during this performance period?

• Explore the strategic adoption of automation and Artificial Intelligence to boost operational efficiency and enhance product quality across manufacturing lines

• Discover how intense market competition and unfavourable currency appreciation impacted overall gross margins and profitability

The latest performance review highlights a challenging period dominated by global market uncertainties and declining rubber prices, resulting in a net loss, a reversal from the previous year's profit. Despite these pressures, the Group sustained strong financial resilience, effectively managing liquidity and maintaining a solid capital structure. Strategic efforts continued to focus on core operations and advancing sustainability commitments.

• The market grappled with heightened caution and delayed purchases, largely stemming from prolonged uncertainty surrounding international reciprocal tariff policies

• The glove business experienced stronger sales volume as certain customer orders that were previously postponed finally returned to the order books

• Prudent management resulted in a significant reduction in liabilities, achieved mainly through the repayment of short-term institutional borrowings

GDS Global Limited achieved a financial turnaround for the full year ended 30 September 2025, moving from a prior year net loss to a net profit. This recovery was fueled by strong revenue growth, especially from door and shutter systems projects and export sales. Management is building on this momentum by strengthening its business foundation and pursuing opportunities in premium security solutions.

• Witness the company’s decisive return to a profitable financial performance

• Understand the key role of specialized fire-insulated and blast-mitigating solutions in the Group’s growth strategy

• See how robust operating activities led to a positive shift in cash flow and the maintenance of a healthy cash position with zero borrowings

United Food Holdings Limited released condensed interim financial statements detailing a period of significant corporate upheaval and financial strain. The company is navigating a mandatory delisting notice from the SGX-ST and is currently arranging to finalize a fair and reasonable exit offer for shareholders. Amid accumulating losses, the Group has also classified major operations—including its additive related and animal feed/traditional medicine segments—as discontinued, pending potential disposal. Furthermore, the figures have not been audited or reviewed, raising concerns about internal controls and liquidity.

• Explore the fate of the company following a notice of delisting from the Official List of the Singapore Exchange Securities Limited

• Uncover the management’s decision to classify several key business interests as discontinued operations ahead of a planned disposal

• Investigate the controversy surrounding the results, including director concerns over unresolved audit issues, a lack of professional guidance, and internal control weaknesses

This episode delves into the operations and strategic outlook of HG Metal Manufacturing Limited, a company with over fifty years of experience as a trusted leader in steel solutions. Despite facing global challenges, including a worldwide oversupply of steel and associated downward pressure on prices, the Group reported resilient underlying financial stability. The presentation highlights the Group's comprehensive services, strategic transformation focusing on digitalisation, and efforts to optimise costs and capacity to strengthen its market position in Southeast Asia.

• Discover how the Group, a key player in the construction steel supply chain, is capitalising on major public infrastructure and housing projects in Singapore

• Learn about the integrated end-to-end solutions offered, ranging from global sourcing and distribution to advanced fabrication for construction projects

• Explore the Group’s strategic response to volatile market conditions, including measures to adopt agile procurement and secure long-term client contracts for order book stability

The Bank of the Philippine Islands (BPI) reported a strong net income for the first nine months of the year, demonstrating resilience through substantial revenue expansion. This vigorous growth in total revenues successfully mitigated the impact of higher operating expenses and increased provisions recognized during the period. The Bank maintained robust financial metrics, including capital ratios which remained comfortably above the minimum regulatory requirements. Additionally, BPI marked a strategic milestone with continued expansion in Asia and saw the affirmation of its investment-grade credit rating with a stable outlook.

• Find out how the growth of the average earning asset base drove a significant increase in net interest income

• Explore how strategic geographic expansion was achieved with the opening of a wholly owned subsidiary in a dynamic financial center

• Discover how strong revenue generation led to an improved operating efficiency ratio for the Bank

The latest results for Wilton Resources Corporation reveal operations grappling with the aftermath of a major weather event, which caused operational disruptions and power instability at the gold processing facility. Despite these challenges, the Group managed to decrease its net loss and achieved an improved gross profit compared to the prior period. Management is focusing on maintenance to ensure stable electricity supply and has secured a working capital loan facility. Furthermore, the Group is actively discussing the resolution of outstanding liabilities while pursuing strategic options to ensure its ability to continue operating.

• Unstable power supply resulting from a natural disaster forced the suspension of operations at the main processing facility

• Management is pursuing a phased plan to resume gold ore processing, starting with readily available surface materials before tackling deeper resources

• The Group is in ongoing discussions with professional firms and key creditors to evaluate strategic alternatives and amicably resolve substantial liabilities