HPC HOLDINGS (01742) announced that, based on a preliminary assessment of currently available information and subject to any adjustments for asset impairment, fair value changes, provisions, or other items, the Group expects a significant increase in profit after tax for the fiscal year ending October 31, 2025, compared to the audited results for the year ended October 31, 2024.

The increase is approximately S$43.8 million, shifting from a loss of about S$8.5 million for the year ended October 31, 2024, to a profit after tax of around S$35.3 million for the year ending October 31, 2025.

The anticipated significant rise in profit after tax is primarily attributable to factors including a surge in revenue resulting from the timely completion of several projects with tight schedules, as well as fair value gains arising from a bargain purchase completed during the year.

The Board of Directors believes that the Group's financial position remains robust, supported by sufficient reserves and liquid assets.