First Sponsor FY2025 net loss looms as foreign currencies surge

The loss is primarily attributed to fair value losses on financial derivatives.

First Sponsor Group Limited expects to report a net loss for the six months (2H2025) and the full financial year ended 31 December 2025 (FY2025).

The loss is primarily attributed to fair value losses on financial derivatives resulting from the strengthening of foreign currencies against the Singapore dollar, and net foreign exchange losses, the group said in a bourse filing dated January 14.

The group expects to recognise net unrealised mark-to-market losses on derivatives of $58.6m for 2H2025 and $56.1m for FY2025.

In addition, matured derivatives are expected to result in net foreign exchange losses of $21.4m and $20m for the respective periods.

Net loss for 2H2025 is due to the Euro, Chinese yuan, and Australian dollar becoming stronger against the Singapore dollar.

Meanwhile, the full financial year’s loss is attributed to the Euro gaining value, and to a lesser extent, the Australian dollar, though this was partially offset by the Chinese yuan weakening against the Singapore dollar during that period.

Despite the projected net loss, the group’s financial position remains strong with a net gearing ratio of approximately 0.56x and over $500m in cash and available bank facilities as of 31 December 2025.

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