Avarga posted FY2025 net profit of SGD 19.8 million (down 46%) on revenue of SGD 1.5 billion (down 4%), according to its results for the year ended 31 December 2025. Profit before income tax was SGD 13.4 million (down 78%). For 2H2025, net profit was SGD 16.5 million (up 38%) on revenue of SGD 736.6 million (down 5%). The building products business (Taiga) remained the only active operating segment, with FY2025 revenue of SGD 1.5 billion (down 4%). Avarga said FY2025 results reflected a non-recurring withholding tax expense of SGD 18.7 million, and impairment losses on goodwill and intangible assets of SGD 19.1 million related to Taiga’s U.S. subsidiary. Discontinued operations contributed FY2025 profit of SGD 16.2 million, including a gain on disposal of assets/subsidiary corporations of SGD 18.3 million, following the cessation of the Group’s paper manufacturing operations in Malaysia after 31 December 2024 and the sale of related land and buildings in August and November 2025. Avarga ended FY2025 with total assets of SGD 534.9 million and cash and cash equivalents of SGD 82.1 million, versus SGD 715.1 million and SGD 200.6 million a year earlier. Net asset value per share was SGD 2.82. The company paid an interim exempt dividend of SGD 1.20 per share for FY2025 (SGD 109.0 million) and said no final dividend was declared as it has no distributable reserves.

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