IN BRIEF: Aseana Properties swings to profit but NAV falls back
Aseana Properties Ltd - Jersey-based property development company focused on Vietnam and Malaysia Swings to pretax profit of USD13.6 million in 2025 from USD5.5 million loss the year prior, as revenue shoots up to USD14.4 million from USD2.9 million. Bottom line also benefits from foreign exchange gain of USD13.3 million compared to USD3.1 million in 2024. Net asset value per share as December 31 was USD0.19 down from USD0.24 the year before. Focus in 2025 was on preserving cash balances, safeguarding ownership of remaining assets, and raising funds and bank refinancing. Asset sales remains a strategic option, but in a "measured manner so as not to compromise shareholder value." No dividend was declared or paid in the financial years 2025 and 2024. Read More