Davis Commodities Ltd. has reported its financial results for the year ended December 31, 2024, showing a notable shift from the previous year's performance. The company recorded a net loss of approximately USD 3.5 million, a significant decline from the net income of approximately USD 1.1 million reported for 2023. This downturn follows a net income of USD 4.6 million in 2022. The decline in net income was influenced by adverse weather conditions impacting key product yields, such as sugar, rice, and palm oil, which led to lower sales volumes. This was compounded by a shift in consumer demand toward more affordable substitutes due to elevated prices, further affecting sales. In terms of other financial metrics, the income before tax expense also fell, registering a loss of USD 3.351 million in 2024, compared to a positive figure of USD 1.235 million in the previous year. The company faced challenges across its sugar, rice, and palm oil sectors, contributing to a decrease in overall revenue. Despite these setbacks, Davis Commodities Ltd. continues to operate, leveraging its financial resources and banking facilities to manage its short-term cash needs. The company remains focused on its operations in Singapore, where its subsidiaries generate the consolidated financial results.