Totm Technologies expects FY2026 net loss on associate remeasurement hit

Reuters2026/07/24 13:59

By:Reuters

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Totm Technologies flagged an expected net loss for FY ended May 31, 2026, based on a preliminary review of unaudited results.
The loss is mainly driven by a remeasurement loss on retained interest following loss of significant influence over an associate investment.
The investment was reclassified to financial assets at fair value through profit or loss from equity accounting, weighing on earnings.
Worsening profitability at the investee versus the prior financial year also contributed.
Unaudited full-year results are slated for release on or around July 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Totm Technologies Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: WGRCMSEMR60ZDOPG) on July 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Totm Technologies expects FY2026 net loss on associate remeasurement hit

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