PanUnited's stock fell 4.62% in post-market trading on Friday, as investors reacted to the company's latest financial disclosures.

The decline followed the release of the company's responses to shareholders and SIAS ahead of its April 23 AGM, which revealed significant write-offs and increased depreciation. Pan-United reported a leasehold land write-off of SGD 13.5 million due to lease expiries and an intangibles write-off of SGD 1.87 million for older systems no longer in use. Additionally, depreciation rose to SGD 30.2 million from SGD 21.5 million, driven by additions in property, plant and equipment.

Despite reporting an 11% increase in FY2025 revenue to SGD 898.4 million and a 32% rise in EBITDA to SGD 99.1 million, the write-offs and higher depreciation likely weighed on investor sentiment, leading to the stock's decline.