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Straits Trading reports net loss of $20.4m in H1

EBITDA declined by 16.6% to $55.3m.

The Straits Trading Company Limited reported a total comprehensive loss of $20.4m for the first half of 2025 (H1 2025).

In a bourse filing, the company said this was driven by the loss of share of results of an associate and remeasurement of exchangeable bonds due to the relevant redemption event of the bonds.

EBITDA declined by 16.6% to $55.3m.

Its property segment also reported a net loss of $13.2m, due to the absence of net fair value gains on investment properties recognised in H1 2024. This was partially offset by a lower share of loss from associates.

The resources segment, through the group’s 52%-owned Malaysia Smelting Corporation Berhad (MSC), recorded a net profit of $8.4m, down from $11.3m in H1 2024.

The hospitality segment, through the group’s 30%-owned Far East Hospitality Holdings (FEHH), reported a net loss of $1.7m, from a net profit of $1.8m in H1 2024, weighed down by ongoing refurbishment works at its owned hotel in Australia and a lower share of results from its associates due to softer market demand.

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