Great Harvest Maeta Holdings Limited Reports 4.4% Revenue Increase to US$14 Million for Year Ended March 2025, Despite Operating Loss of US$6.39 Million

Reuters
Jun 26
Great Harvest Maeta Holdings Limited Reports 4.4% Revenue Increase to US$14 Million for Year Ended March 2025, Despite Operating Loss of US$6.39 Million

Great Harvest Maeta Holdings Limited has announced its audited consolidated final results for the year ended 31 March 2025. The company reported a revenue of $14.038 million, representing a 4.4% increase compared to the $13.452 million recorded for the previous year. Despite the rise in revenue, the company experienced a gross loss of $1.096 million, a decline from a gross profit of $510,000 in the prior year. This was primarily due to an increase in the cost of services, which rose to $15.134 million from $12.942 million. The company also reported an operating loss of $6.387 million, compared to a smaller operating loss of $530,000 in the previous year. This was influenced by a significant provision for impairment losses on property, plant, and equipment amounting to $6.944 million, a reversal from the previous year's reversal of impairment losses of $872,000. Other notable financial activities include other gains of $3.972 million, substantially up from $600,000 the previous year, largely attributed to gains on the modification of convertible bonds and the reversal of expected penalty interest for convertible bonds. Finance costs decreased to $3.996 million from $5.053 million, while finance income slightly decreased to $9,000 from $37,000. The company's business segments include chartering of vessels and property investment and development.

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