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The latest update is out from Raffles Financial Group ( (TSE:RICH) ).
Raffles Financial Group has reported a milestone turnaround for the financial year ended June 30, 2025, with an unqualified audit opinion issued by HML PLT and a total comprehensive income of S$10.14 million. The result reflects net income of S$95,938, boosted by a substantial unrealized investment gain of S$10.90 million and offset by a foreign currency translation loss of S$0.85 million.
The group also highlighted a strong liquidity position, with net current assets exceeding S$47.3 million and net assets of S$46.4 million, largely consisting of financial assets classified as FVOCI, which underpins its plans to expand supply chain fintech services. With the FY2025 audit completed, Raffles Financial Group will apply to the Canadian Securities Exchange and OTCQX to resume trading in its common shares, a key step toward restoring market activity and liquidity for shareholders after a period of regulatory and corporate challenges.
More about Raffles Financial Group
Raffles Financial Group Limited is a Singapore-based company listed on the Canadian Securities Exchange under the symbol RICH and trading on the OTCQX as RAFFF. The company focuses on supply chain fintech services and holds a portfolio of financial assets measured at fair value through other comprehensive income, supporting its activities in financial technology and related investment operations.
Technical Sentiment Signal: Sell
Current Market Cap: C$142.7M
Learn more about RICH stock on TipRanks’ Stock Analysis page.