Kingsmen Creatives has posted a net profit of $1.6 million for the 1HFY2025 ended June 30, up 27.5% y-o-y.
The group’s revenue declined 6.5% y-o-y to $162.1 million, primarily due to the completion of several key projects in 2024 alongside the scheduling of new projects in the pipeline.
The group’s exhibitions, thematic & attractions division saw a 16.1% y-o-y decrease in revenue. While this segment benefitted from rising demand for audience engagement through new shows, branded pop-ups, and experiential initiatives, the completion of several key projects in 2024, alongside the scheduling of new projects in the pipeline, resulted in a decline in revenue in 1HFY2025.
The retail & corporate interiors division saw revenue grow 3.3% y-o-y due to growing demand from regional and global brands looking to refresh their retail environments, reposition themselves, and launch new concepts.
Likewise the research & design division reported 16.9% y-oy increase in revenue, while the experiential marketing division saw a 25.3% y-o-y decrease in revenue due to the completion of several large-scale activation events and conferences in 2024.
The group reported a profit of $141,000 from share of results of associates compared to a loss in the same period a year ago.
See also: Creative remains in the red for FY2025; guides for better FY2026
As at July 31, the group has secured contracts worth $345 million, of which $278 million will be recognised in 2025.
The group has not declared any dividend for this reporting period.
Shares in Kingsmen closed 0.5 cents lower or 0.971% down at 51 cents on Aug 14.
