Oceanus Group Ltd reported a net loss of S$8.35 million for the 12 months ended 31 Dec 2025, reversing the S$1.37 million profit recorded a year earlier, as foreign-exchange losses, impairments and higher financing costs offset gains from cost savings.

Earnings per share slipped to a loss of 0.03 Singapore cent from an earnings of 0.01 cent a year ago. The board did not recommend a dividend, unchanged from the previous year.

Full-year revenue fell 4 per cent year-on-year to S$279.56 million after the group deliberately scaled back lower-margin trading and certain non-core distribution activities. Distribution remained the dominant arm, contributing S$278.32 million in revenue and S$1.31 million in pre-tax profit. The Services segment booked revenue of S$1.19 million and a pre-tax loss of S$0.22 million, while Others registered S$43,000 in sales and a pre-tax loss of S$7.97 million.

Gross profit narrowed 10 per cent to S$18.38 million, in line with the smaller topline and a shift away from low-margin operations. Other operating income dropped to S$4.80 million from S$15.76 million due mainly to the absence of disposal gains booked in 2024. Finance costs rose 18 per cent to S$6.59 million, reflecting heavier draw-downs of revolving credit facilities to fund working capital and inventory build-ups.

The company attributed the earnings reversal to three main headwinds: unrealised foreign-exchange losses of S$2.35 million, impairment charges on legacy assets, and higher interest expenses. Adjusting for these non-recurring items, management said normalised net profit would have been about S$0.77 million.

During the year Oceanus sharpened its focus on three core pillars—Trade & Distribution, fourth-party logistics, and its blockchain-enabled Oceanus Digital Intelligence Network (ODIN). It incorporated Oceanus US to deepen its presence in North America and joined the International Factoring Association to widen trade-finance channels. In February 2026 the group partnered Clearwater Capital to tokenise trade flows on ODIN, aiming to address the global trade-finance gap.

Looking ahead, the group expects macroeconomic uncertainties—ranging from geopolitical tensions to climate-related supply disruptions—to persist. Management intends to tighten cost controls, shorten customer payment terms and expand its technology-driven trade-finance platform to support earnings recovery and sustain long-term growth.