New Toyo International Holdings Ltd reported a net profit attributable to shareholders of S$4.18 million for the 12 months ended 31 Dec 2025, down 55.2% year-on-year (YoY) from S$9.34 million, as lower volumes in its specialty papers and trading units offset gains in printed cartons and labels.
Earnings per share slipped to 0.95 Singapore cents from 2.13 cents a year earlier. The board has already paid an interim tax-exempt dividend of 0.50 Singapore cent per share (FY24: 0.90 cent). No final dividend was proposed; the previous year’s final payout was 0.90 Singapore cent.
Full-year revenue edged 2.1% lower to S$310.84 million (FY24: S$317.54 million). Segmentally, specialty papers contributed S$98.85 million (-6.4% YoY) and printed cartons & labels (PCL) S$81.47 million (+6.8%), while trading declined 4.3% to S$122.33 million. The food & beverage (F&B) arm almost doubled turnover to S$1.17 million. Before corporate costs and eliminations, pre-tax earnings were led by specialty papers at S$7.19 million, followed by PCL at S$3.66 million and investment holding at S$1.23 million. Trading broke even with S$0.11 million, whereas F&B posted a pre-tax loss of S$0.91 million.
Group gross profit narrowed to S$31.92 million (-6.1% YoY) and margin slipped to 10.3% from 10.7%, reflecting weaker pricing and volumes in specialty papers and trading. Other income fell to S$5.66 million from S$7.05 million, mainly because last year’s reversal of S$2.46 million in impairment on Middle East plant and equipment was pared to S$1.38 million this year. Administrative expenses rose 9.4% to S$20.08 million on higher professional fees, travel costs and a one-off charity donation tied to the group’s 50th anniversary, while distribution costs eased 8.8% to S$5.37 million on lower freight charges. Net finance costs increased 76.3% to S$0.93 million as interest income declined.
Inventories were reduced by S$14.0 million, helping lift year-end cash and bank balances to S$23.42 million from S$20.13 million. Group net asset value per share slipped to 32.75 Singapore cents from 34.78 cents, reflecting the fall in retained earnings after dividend distributions totalling S$6.14 million.
Looking ahead, the board said trading conditions remain challenging amid geopolitical uncertainty, cost pressures and shifting customer requirements. Management will focus on optimising production capacity, tightening cost controls and safeguarding cash flows, while continuing to invest in innovation and sustainability to bolster competitiveness.