First Sponsor Flags Net Loss for H2 2025

MT Newswires

01/15

First Sponsor (SGX:ADN) expects to book a net loss for the second half of the year ended Dec. 31, 2025, according to a Wednesday filing with the Singapore Exchange.

Shares of the investor and developer of residential properties were down nearly 1% in Thursday trading.

The company has attributed the loss to fair value loss on its derivatives due to the strengthening of foreign currencies against the Singapore dollar and difficult real estate market in China.

The company will release its financial results on or around Feb. 25, the filing added.

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