F J Benjamin Holdings Ltd navigated a challenging FY2025, recording decreased turnover due to persistently weak consumer sentiment and the closure of non-profitable stores, particularly in Singapore and Malaysia. Despite implementing various cost management measures, including headcount rationalisation and the relocation of back-end offices, the Group reported a significant net loss. The results also involved substantial charges related to expected credit losses and asset impairments. Looking ahead, the future performance is subject to uncertainty following the mutual agreement to terminate a major brand relationship in key Southeast Asian markets.
• The Group took action to "right-size" its operations, driving down operational expenses through lower staff costs and reduced advertising
• Significant impairments were recognized, reflecting the difficult operational and financial environment faced by an associate company
• A major partnership concerning retail and distribution for a significant brand is set to conclude, raising expectations of a material impact on the Group's results for the upcoming financial year
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