Chemicals supplier Abundance International warns that it will report a loss for its FY2025 ended Dec 2025.
The company attributes the poorer showing to an "unexpected" decline in the average selling prices of "certain" chemical products caused by weaker economic conditions which in turn reduced demand and over supply.
Losses already incurred in its 1HFY2025 were "further exacerbated" in the subsequent 2HFY2025.
"In addition, to manage inventory levels and cashflow requirements, a portion of the group’s inventory was sold at a gross loss in the second half of FY2025," the company says.
It expects to report its FY2025 numbers on or before Feb 28.
Abundance International shares closed at 2.6 cents, up 30% in the past year.
