FSM HOLDINGS (01721) announced that compared to the loss attributable to owners of the company of approximately SGD 413,000 recorded in the same period of 2024, the group expects to record a loss attributable to owners of the company of approximately SGD 3.8 million to SGD 4.2 million for the six months ending June 30, 2025. The significant increase in loss is mainly attributable to net foreign exchange losses of approximately SGD 2.9 million during the period due to the appreciation of the Singapore dollar against the US dollar and Hong Kong dollar, while a net foreign exchange gain of approximately SGD 1.181 million was recorded in the same period of 2024.