Raffles completes fiscal 2025 results audit

Executive Summary

• Raffles Financial Group Ltd. has completed its audit for the fiscal year ended June 30, 2025, receiving an unqualified audit opinion.
• The company reported a total comprehensive income of $10.14 million SGD, driven by a substantial unrealized gain on investments, despite a net income of only $95,938 SGD.
• The company intends to immediately apply to the Canadian Securities Exchange (CSE) and OTCQX for the resumption of trading for its common shares, citing a strong liquidity position with net current assets exceeding $47.3 million SGD.

Key Details

• Audit Status: Unqualified audit opinion issued by auditor HML PLT for the fiscal year ended June 30, 2025.
• Total Comprehensive Income: $10.14 million SGD.
• Net Income: $95,938 SGD.
• Unrealized Gain on Investments: $10.90 million SGD.
• Foreign Currency Translation Loss: $850,000 SGD.
• Net Current Assets: Exceeding $47.3 million SGD (as of June 30, 2025).
• Net Assets: $46.4 million SGD, composed primarily of financial assets measured at fair value through other comprehensive income.
• Trading Status: Company is proceeding with applications to the Canadian Securities Exchange and OTCQX to resume trading of common shares.
• Strategic Focus: Leveraging current assets to drive fintech initiatives and resume supply chain fintech services.

Notable Quotes

• "The past years have been undeniably difficult as we navigated various corporate and regulatory hurdles... The successful completion of this audit and our return to a positive comprehensive income position reflect the resilience of Raffles Financial Group. We are now focused on leveraging our $47-million (Singaporean) in current assets to drive our fintech initiatives forward." — Board of Directors