Singapore-listed logging company Jawala, which operates in Sabah, has issued a profit warning, cautioning that it expects to report a net loss for the full fiscal year 2025 ending July 31.

The company attributed the anticipated losses to reduced sales during the second half of the fiscal year, stemming from operational delays in logging and production activities amid challenging market conditions and unfavorable weather patterns.

Additionally, Jawala anticipates recording a diminished fair value gain on its biological assets, further impacting profitability.

The company is scheduled to announce its full-year results on September 29.

Jawala completed its public listing in June 2018, successfully raising RM13.3 million during the initial public offering.

During the first half of FY2025 ending January 31, Jawala recorded revenue of RM7.5 million, marking a significant increase from RM141,000 in the corresponding period last year, reflecting the resumption of its logging operations.

Despite the revenue growth, operational costs also escalated, resulting in Jawala maintaining a loss position with RM1.7 million in red ink, though this represented an improvement from the RM2.6 million loss recorded in the first half of FY2024.

Jawala's shares were last traded at 25 cents, representing a substantial gain of 108.33% year-to-date.