Luminor Financial forecasts net loss for H1 2025

This is due to an increase in amortisation of intangibles regarding the FHPL crowdfunding platform.

Luminor Financial Holdings expects to record a net loss for the first half of 2025, following a preliminary review of the unaudited financial results.

The group attributes this to an increase in the amortisation of intangibles related to Funded Here Pte. Ltd.’s (FHPL) crowdfunding platform, which reached the minimum viable product stage in May 2024.

There is also an increase in operating expenditure from FHPL to boost its business operations and sales.

The company is in the process of finalising the unaudited consolidated financial statements to be released by 14 August 2025.