ES Group (SGX:5RC) is expecting to report a net loss in 2025, compared to a net profit a year earlier, according to a Friday filing with the Singapore Exchange.
The company has attributed the outlook to a decrease in revenue due to lower orders from its new building and repair segment.
Meanwhile, the company's vessel, ES Jewel, ceased operations for more than four months during the period, along with the unavailability of another vessel, ES Aspire, due to repair and maintenance.
The provider of management and technical services is expected to release its financials on or before March 1, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.