YY Group 39.3% Revenue Surge to $57.2M, Targets 2026 Profitability
Full year 2025 revenue rose 39.3% to US$57.2 million, with gross profit up 50.2% to US$7.9 million and margin expanding to 13.8% from 12.8%. Operating losses widened to US$20.6 million due to share-based pay and US$9.6 million impairments as the company targets US$103–110 million revenue and non-IFRS profitability in 2026.
1. Full Year Financial Results
In fiscal 2025 YY Group delivered US$57.2 million in revenue, up 39.3% year over year, and gross profit of US$7.9 million, up 50.2%, driving margin expansion to 13.8% from 12.8%.
2. Operating Losses and Cost Optimization
Operating losses widened to US$20.6 million in 2025, compared to US$4.1 million in 2024, primarily due to US$6.6 million of share-based compensation and US$9.6 million of goodwill impairments as part of exiting underperforming subsidiaries and streamlining costs.
3. Segment Growth Drivers
Manpower services revenue grew 29.4% while integrated facilities management (IFM) revenue rose 40.7%, supported by strategic acquisitions and geographic expansion across Singapore, Hong Kong, Thailand, and Malaysia, with manpower app downloads reaching 903,952 and IFM customer count more than doubling to 274.
4. 2026 Outlook and Profitability Path
The company projects US$103–110 million in FY2026 revenue and aims for non-IFRS net profitability, citing a strong pipeline, operational infrastructure and cost-optimization measures as foundations for earnings generation.