Metis Energy Limited reported a net loss of S$12.53 million for the year ended 31 December 2025, an improvement from the S$13.26 million loss booked a year earlier. The narrower deficit was mainly helped by a swing to a S$1.57 million net foreign-exchange gain, compared with a S$6.76 million loss in FY2024.

Revenue slipped 3 per cent year-on-year to S$4.67 million, reflecting marginally lower electricity sales from the group’s 47.15 MWp operational rooftop solar portfolio in Vietnam. Basic loss per share eased to 0.41 Singapore cent from 0.44 Singapore cent. The company did not declare a dividend.

By segment, the renewable-energy arm posted a pre-tax loss of S$6.92 million, versus S$7.30 million a year earlier, weighed down by a one-off S$3.24 million impairment after the discontinuation of a commercial-and-industrial rooftop project and a S$2.14 million fair-value loss on the electricity derivative tied to the 111 MWp Project Gunsynd in Australia. The corporate and others division recorded a pre-tax loss of S$5.32 million, narrowing from S$5.89 million in FY2024 as unrealised foreign-exchange movements turned favourable.

Operating expenses rose on interest costs, which remained broadly stable at S$4.86 million, and depreciation and amortisation of S$2.35 million. These were partially offset by the foreign-exchange gain noted above.

On the balance-sheet front, total assets increased to S$250.1 million from S$216.2 million, largely due to capital expenditure on Project Gunsynd. Net debt expanded as borrowings climbed to S$107.9 million, up from S$66.2 million, following additional project financing and related-party loans. Cash and bank deposits ended the year at S$17.89 million, compared with S$16.62 million a year earlier.

Looking ahead, Metis Energy said it remains focused on three priorities: bolstering revenue and cost efficiency across existing assets, securing additional funding to complete its development pipeline, and closely managing construction timelines and budgets to bring new cash-generating projects online. The board reiterated efforts to steer the group back to profitability but offered no quantitative guidance for FY2026.