BREAKING:

Figtree Holdings Limited reveals its latest unaudited financial statements, navigating challenging global political and economic conditions. The report highlights a significant decline in revenue and reduced gross profit compared to the previous period, stemming from smaller projects and lower margins. The Group continues to face material uncertainties regarding its ability to continue as a going concern, relying heavily on continued support from a corporate shareholder. Management's current strategy focuses intensely on conserving cash, strengthening the financial position, and actively seeking opportunities to enhance liquidity while persisting in tendering for new design and build projects.

• Discover how global challenges impacted the Group's turnover, resulting in a substantial drop in revenue compared to the prior period

• Uncover the critical financial dependency issues, as the Group relies on continued support from a corporate shareholder to address material uncertainties regarding its ability to continue as a going concern

• Learn about management's strategy to conserve cash and explore ways to unlock value from existing assets amidst persistent cost pressures on labour and materials

WATCH THE EXPLAINER VIDEO BELOW:

LISTEN TO THE PODCAST BELOW:

BREAKING: 

This episode dives into Figtree Holdings' full-year 2024 financial results, unraveling the complexities behind the numbers. We discuss the disclaimer of opinion from auditors, a key concern for investors, and explore the stories behind the revenue growth driven by new projects in Australia and China. The discussion emphasizes the challenges posed by rising costs, particularly from the Esme development project.

The conversation shifts to major red flags, including a significant $2 million impairment loss and a crucial going concern warning, highlighting financial stability concerns. We examine the reliance on shareholder loans and their implications for Fig Tree's future viability. The episode concludes with a forward-looking perspective, discussing Fig Tree's outlook amid global challenges and their strategic diversifications to adapt and thrive in a competitive construction industry.

There will be an EGM on

Event dates:

For more information, click here: FIGTREE HOLDINGS LIMITED 2024 EGM