Amos Group's FY2026 loss doubles to $14.7m
Loss from continuing operations rose to $11.6m.
Amos Group Limited reported wider losses for the year ended 31 March 2026 (FY2026), alongside weaker revenue and profitability.
Total comprehensive loss for FY2026 was $14.7m, compared with a loss of $7.4m in FY2025.
Loss from continuing operations rose to $11.6m from $3.3m a year earlier.
The result includes a $4.5m inventory write-down; excluding this, the underlying pre-tax loss from continuing operations would have been about S$7.1m.
The Marine segment posted a smaller loss after tax of $3.2m versus $6.7m in the prior year.
Revenue from continuing operations fell 30.2% year-on-year to $26.7m, down from $38.3m in FY2025.
Gross profit declined to $6.2m from $13.3m, whilst gross margin narrowed to 23.1% from 33.3%.
On structural changes, the group sold a 12% stake in MOS Supply Pte Ltd and AMOS Malaysia Sdn. Bhd. (and their subsidiaries) to CR3 Pte Ltd for $1.7m under a joint venture arrangement.
After completion, Amos Group retained an 88% controlling interest, whilst CR3 holds 12%.
Separately, AMOS International (S) Pte. Ltd. sold its entire stake in Amos International (HK) Limited and Amos Korea Co. Ltd. to Everise Shipping (Singapore) Holdings Pte. Ltd. for $256k in cash, exiting both entities fully.