JE CLEANTECH (JCSE) ANNOUNCES RESULTS FOR H1 2025

Rhea-AI Summary

JE Cleantech (NASDAQ: JCSE) reported unaudited H1 2025 results for the six months ended June 30, 2025, with revenue of S$6.5 million, gross profit of S$1.6 million and a net loss of S$0.8 million.

Group revenue declined 39.5% year-over-year, driven by rescheduled delivery and commissioning of major precision cleaning system orders. The cleaning systems segment generated S$2.8 million (H1 2024: S$7.0 million), while centralized dishwashing services delivered S$3.7 million, roughly flat year-over-year. The Group reported an order book of approximately S$16.0 million as at June 30, 2025 and stated no material order cancellations during the period.

Positive

• Order book of approximately S$16.0 million as at June 30, 2025
• Centralized dishwashing revenue stable at S$3.7 million in H1 2025
• Gross profit of S$1.6 million in H1 2025

Negative

• Group revenue declined 39.5% year-over-year in H1 2025
• Cleaning systems revenue fell to S$2.8 million from S$7.0 million in H1 2024
• Net loss of S$0.8 million due to revenue shortfall vs fixed operating costs

Insights

financial analyst

H1 2025 shows a sharp revenue drop and a small net loss, while order backlog remains intact.

The Group reported revenue of S$6.5 million, gross profit of S$1.6 million and a net loss of S$0.8 million for the six months ended June 30, 2025. Revenue fell 39.5% year‑over‑year, driven by the cleaning systems segment decline to approximately S$2.8 million from S$7.0 million, which the company attributes to rescheduled deliveries and commissioning.

The business model relies on equipment deliveries and recurring service revenue; the centralized dishwashing segment remained steady at about S$3.7 million, while the order book stood at approximately S$16.0 million as at June 30, 2025. Risks include fixed operating costs that exceeded lower revenue, producing the reported net loss, and timing sensitivity of major order execution. Watch the conversion of the S$16.0 million order book into recognized revenue and quarterly operating cash flow over the next two reporting periods (next two quarters)."

• Singapore-based JE Cleantech, a cleantech company focused on the manufacturing of precision cleaning systems and provision of centralized dishwashing, announced its H1 2025 results today
• Overall Group revenue declined 39.5 per cent compared to the corresponding period last year (H1 2024), caused by the rescheduling of delivery and commissioning of major orders of precision cleaning systems to a later period this year
• The Group maintains a healthy order book value for its cleaning systems and other equipment of approximately S$16.0 million as at June 30, 2025
  
  

SINGAPORE, Oct. 30, 2025 (GLOBE NEWSWIRE) -- Singapore-headquartered, NASDAQ-listed precision cleaning and cleantech equipment manufacturer and service provider of centralized dishwashing JE Cleantech Holdings Ltd (NASDAQ: JCSE) (“JE Cleantech” or, together with its subsidiaries, the “Group”) has released its unaudited financial results for the six months ended June 30, 2025 (H1 2025), with revenue of S$6.5 million, gross profit of S$1.6 million and net loss of S$0.8 million for the period. The net loss was mainly attributable to lower revenue, which was insufficient to cover the Group’s fixed and recurring operating and administrative expenses.

The Group’s cleaning systems and other equipment business segment generated revenue of approximately S$2.8 million in H1 2025, compared to S$7.0 million in the corresponding period in 2024. The decrease was mainly due to rescheduling of delivery and commissioning of major orders to a later period this year. Despite this, the Group did not experience any material order cancellations during the reporting period and maintains a healthy order book value for its cleaning systems and other equipment of approximately S$16.0 million as at June 30, 2025.

Meanwhile, the Group’s centralized dishwashing and ancillary services business segment recorded revenue of approximately S$3.7 million in H1 2025, which was comparable to that of the corresponding period in 2024.

Commenting on JE Cleantech’s performance, Founder and CEO Ms. Hong Bee Yin said, “We believe that ongoing economic uncertainty has affected our revenue performance. Nevertheless, the Group continues to focus on strengthening market traction for our products and services, while developing adjacent product offerings to diversify our revenue streams.”

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About JE Cleantech Holdings Limited

JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of precision cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Group also provides centralized dishwashing services through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. JE Cleantech is listed on NASDAQ since 2022. For more information about JE Cleantech, please visit: www.jecleantech.sg.

Disclaimer: Forward looking statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," “aim” or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues among other things involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.

For media enquiries, please contact:
Jason Long
Email address: enquiry@jecleantech.sg
Phone number: +65 63684198
Other number: +65 66029468

FAQ

What were JE Cleantech's H1 2025 revenue and net loss for JCSE?

JE Cleantech reported S$6.5 million revenue and a S$0.8 million net loss for H1 2025.

Why did JCSE revenue decline 39.5% in H1 2025?

Revenue declined mainly because delivery and commissioning of major precision cleaning orders were rescheduled to later in the year.

How large was JE Cleantech's order book as of June 30, 2025 for JCSE?

The Group reported an order book of approximately S$16.0 million as at June 30, 2025.

How did JCSE's cleaning systems segment perform in H1 2025 versus H1 2024?

Cleaning systems revenue was S$2.8 million in H1 2025 compared with S$7.0 million in H1 2024.

Did JE Cleantech report order cancellations in H1 2025 for JCSE?

No; the Group stated it did not experience any material order cancellations during the reporting period.

What steps is JE Cleantech pursuing after H1 2025 results for JCSE?

Management said the Group is focusing on strengthening market traction and developing adjacent product offerings to diversify revenue.