ZACD (08313) issued a profit warning, expecting a net loss of approximately SGD 730,000 for the midterm.

ZACD (08313) announced that the Group is expected to incur a net loss of approximately SGD 730,000 for the six months ending June 30, 2025, which is an improvement of SGD 690,000, or 48.6%, compared to the net loss of approximately SGD 1.42 million in the same period last year. The improvement in the Group's financial performance is mainly attributed to: a fair value gain of approximately SGD 670,000 from financial derivatives, an increase of SGD 970,000 compared to the previous losses of approximately SGD 290,000; a reduction in employee costs of approximately SGD 230,000; and a decrease in income tax expenses of approximately SGD 150,000. Income decreased from approximately SGD 1.76 million in the previous period to approximately SGD 1.39 million in the current reporting period. The decrease in income is mainly due to: a reduction in dividend income of approximately SGD 130,000; a decrease in management fees from developer special purpose companies and real estate funds managed by the Group of approximately SGD 300,000; and a decrease in performance fees from real estate funds managed by the Group of approximately SGD 590,000. These income reductions were offset by a one-time tender fee of approximately SGD 500,000 paid by Media Circle Fund and Laserblue's special purpose entity developers for the successful acquisition of residential projects, and an increase in company expenses of approximately SGD 110,000.