Plastic products maker Vicplas FY loss widens on higher raw material, labor costs

Vicplas International

25/09/2026 10:45

Overview
Singapore plastic products maker's full-year revenue rose 10% yr/yr to S$127.3 mln
Company reported full-year net loss of S$5.1 mln, widened from prior year
Adjusted EBITDA for the year declined 19.6% yr/yr

Outlook
Company did not provide specific financial guidance or outlook in the interim financial statements

Result Drivers
HIGHER COSTS - Increased raw material, consumables, and employee expenses contributed to wider net loss
PIPES DEMAND AND VOLUMES – Pipes and fittings revenue rose 25.0% to S$48.2 mln, supported by Singapore construction activity, Malaysia sales and higher production volumes
MEXICO RAMP-UP COSTS – Medical devices' loss widened to S$8.7 mln as Mexico incurred a full year of operating costs while projects ramped up, alongside higher input prices

Company press release: ID:nSN669lWL

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
S$127.30 mln
 
FY Net Loss
 
S$5.10 mln
 
FY Adjusted EBITDA
 
S$6.80 mln
 
FY Pretax Loss
 
S$4.50 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)