YY Group Reports Unaudited Second Half and Full Year 2025 Earnings Results Highlighting Accelerating Revenue Growth, Expanding Margins and Positioning for Profitability in 2026
Rhea-AI Summary
YY Group (NASDAQ:YYGH) reported unaudited FY2025 revenue of US$57.2M, up 39.3% YoY, and H2 revenue of US$31.5M. Gross profit rose to US$7.9M (+50.2% YoY) and gross margin expanded to 13.8%. FY2025 included US$9.6M impairments and US$6.6M share-based compensation. The company reaffirmed FY2026 revenue guidance of US$103M–US$110M and expects non-IFRS profitability in 2026.
Positive
- Revenue +39.3% YoY to US$57.2M
- Gross profit +50.2% YoY to US$7.9M
- Gross margin expanded to 13.8% (from 12.8%)
- IFM customer base more than doubled in 2025
Negative
- Operating loss of US$20.6M for full year 2025
- IFRS net loss of US$21.6M in 2025
- US$9.6M goodwill and intangible impairments
- US$6.6M in non-cash share-based compensation
News Market Reaction – YYGH
On the day this news was published, YYGH declined 1.86%, reflecting a mild negative market reaction. Argus tracked a trough of -14.2% from its starting point during tracking. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $100K from the company's valuation, bringing the market cap to $5.27M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
YYGH gained 5.92% while peers were mixed: EJH was modestly up (0.47%) and MRM, CLIK, IVP, TRNR showed declines between about -2.68% and -15%, pointing to a stock-specific earnings reaction rather than a broad sector move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 09 | FY2025 prelim earnings | Positive | -8.5% | Preliminary FY2025 revenue and margin expansion guidance with strong YoY growth. |
| Sep 10 | H1 2024 earnings | Positive | -0.9% | Strong H1 2024 revenue and gross profit growth plus user expansion post-IPO. |
| May 14 | FY2023 earnings | Positive | -16.0% | FY2023 revenue and profit growth with expanded services and new markets. |
Past earnings-related headlines for YYGH have often been followed by negative 1-day moves despite positive growth metrics, suggesting a history of downside reactions to earnings news.
Over the past two years, YYGH’s key updates have centered on rapid revenue and gross profit growth. Prior earnings pieces highlighted strong FY2023 results and robust first-half 2024 momentum, followed by preliminary FY2025 figures projecting higher revenue and margin expansion. Despite broadly positive fundamentals, the stock moved down after these earnings releases. Today’s detailed FY2025 unaudited results, confirming revenue of US$57M–$58M and gross margin of up to 13.8%, extend that narrative of growth yet occur against a backdrop of historically weak earnings-day price reactions.
Historical Comparison
Past earnings releases for YYGH saw an average move of about -8.47%. Today’s positive 5.92% reaction to detailed FY2025 results contrasts sharply with that pattern.
Earnings news has progressed from FY2023 results to H1 2024, then preliminary FY2025 figures and now fuller unaudited FY2025 details, showing continued top-line expansion and margin gains.
Market Pulse Summary
This announcement details FY2025 revenue of US$57.2 million with gross margin expanding to 13.8%, alongside significant operating and non-IFRS losses driven largely by share-based compensation and impairment charges. Management reiterated FY2026 revenue guidance of US$103–US$110 million and a goal of non-IFRS profitability. Investors may watch upcoming audited results, any updates to guidance, and execution on cost optimization and AI initiatives as key checkpoints for the evolving growth-to-profitability transition.
Key Terms
non-ifrs financial
ifrs financial
reverse stock split financial
goodwill and intangible assets financial
impairment charges financial
AI-generated analysis. Not financial advice.
Full year revenue grew
Singapore, April 20, 2026 (GLOBE NEWSWIRE) -- YY Group Reports Unaudited Second Half and Full Year 2025 Earnings Results Highlighting Accelerating Revenue Growth, Expanding Margins and Positioning for Profitability in 2026
Full year revenue grew
Full year gross profit increased
Company expects to achieve non-IFRS net profitability in fiscal year 2026; formal profitability guidance to follow
YY Group Holding Limited (NASDAQ: YYGH) (“YY Group” or the “Company”), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced its unaudited financial results for the six months and the full year ended December 31, 2025. The Company delivered strong revenue and gross profit growth, reflecting the returns on a year of deliberate investment in geographic expansion, strategic acquisitions, and operational infrastructure, while taking decisive steps to optimize its cost structure heading into 2026. These results are subject to final review and will be confirmed when YY Group reports its Management’s Discussion and Analysis of Financial Condition and Results of Operations and Audited Financial Statements for the six months ended December 31, 2025 and fiscal year ended December 31, 2025.
Second Half and Full Year 2025 Financial Highlights:
Total revenues increased
Gross profit increased
The Company recorded operating losses of US
"Fiscal year 2025 was a year of purposeful investment in which we prioritized building the geographic reach, operational scale, and client relationships needed to support our next phase of growth,” said Mike Fu, CEO of YY Group. “Full year revenue of US
Second Half and Full Year 2025 Operational Highlights:
| Six Months Ended December 31, | Full Year Ended December 31, | |||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||
| Manpower Services | ||||||||||||
| YY Circle App downloads* | 317,563 | 54,663 | 903,952 | 519,228 | ||||||||
| YY Circle App monthly active users | 40,459 | 34,952 | 40,688 | 35,152 | ||||||||
| Job fulfillment rate | 95 | % | 94 | % | 95 | % | 96 | % | ||||
| Number of Employers* | 102 | 95 | 305 | 214 | ||||||||
| IFM Services | ||||||||||||
| Number of customers* | 84 | 24 | 274 | 132 | ||||||||
| Average revenue per customer* | — | — | 119,887 | 176,823 | ||||||||
The IFM customer base more than doubled in 2025 through both organic growth and acquisitions completed during the year, diversifying the average revenue per customer downward as newly acquired clients carry individually smaller contract values. The Company views this as a positive development that reduces client concentration risk and creates cross-selling opportunities across its bundled service offerings. *For the six months ended December 31, app downloads, number of employers, and number of IFM customers reflect new additions during the period. For the full year, these figures represent cumulative totals as of December 31. Average revenue per IFM customer is presented on a full-year basis only, as the six-month metric is not directly comparable due to differences in the calculation base. | ||||||||||||
Jason Phua, Chief Financial Officer of YY Group, added, "Strong full-year revenue and gross profit growth alongside a gross margin expansion to
FY2026 Guidance
On March 12, 2026, the Company issued its first formal revenue guidance. The Company currently expects FY2026 revenue of US
Management Message
In lieu of a conference call, the Company’s management has prepared a brief video discussing the financial and operational results for the period. The video is available on the Company’s official YouTube channel at https://www.youtube.com/watch?v=-rOW2dECz1I for investors and stakeholders to view at their convenience.
Second Half 2025 Financial Results
Revenues were US
- Revenues from Manpower Services were US
$13.4 million , an increase of35.7% compared with US$9.9 million for the same period of 2024, driven by the successful scale-up of on-demand workforce solutions and continued global expansion. This segment’s gross profit margin was11.7% , compared with14.8% for the same period of 2024, reflecting competitive pricing to drive client acquisition and volume growth. Absolute gross profit increased year over year. - Revenues from IFM Services were US
$18.4 million , an increase of53.7% compared with US$12.0 million for the same period of 2024, primarily attributable to continued contract procurement and business acquisitions. This segment’s gross profit margin was13.7% , compared with11.9% for the same period of 2024, due to increasing scale efficiencies and the integration of higher-margin acquired service lines. - Revenues from Others were negative US
$0.3 million , reflecting a one-time adjustment related to the timing of revenue recognition for YY Smart Tech.
Cost of revenues was US
Gross profit was US
Total operating expenses were US
Selling and marketing expenses were US
General and administrative expenses were US
Loss from operations was US
Net loss attributable to ordinary shareholders was US
Non-IFRS net loss attributable to ordinary shareholders was US
Basic and diluted net loss per ordinary share1 were both US
Non-IFRS basic and diluted net loss per ordinary share1 was US
Full Year 2025 Financial Results
Revenues for full year 2025 were US
- Revenues from Manpower Services were US
$23.0 million , an increase of29.4% compared with US$17.8 million in 2024, driven by the successful scale-up of on-demand workforce solutions and continued global expansion. This segment’s gross profit margin was13.8% , compared with15.5% in 2024, reflecting competitive pricing to drive client acquisition and volume growth. Absolute gross profit increased year over year. - Revenues from IFM Services were US
$32.9 million , an increase of40.7% compared with US$23.3 million in 2024, primarily attributable to continued contract procurement and business acquisitions. This segment’s gross profit margin was13.2% , compared with10.8% in 2024, due to increasing scale efficiencies and the integration of higher-margin acquired service lines. - Revenues from Others were US
$1.4 million . This segment’s gross profit margin was27.5% for 2025.
Cost of revenues for the full year was US
Gross profit for the full year was US
Total operating expenses for the full year were US
Selling and marketing expenses for the full year were US
General and administrative expenses for the full year were US
Loss from operations was US
Net loss attributable to ordinary shareholders for the full year was US
Non-IFRS net loss attributable to ordinary shareholders for the full year was US
Full year basic and diluted net loss per ordinary share2 were both US
Non-IFRS full year basic and diluted net loss per ordinary share2 were both US
About YY Group Holding Limited
YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered, technology-enabled platform providing flexible, scalable workforce solutions and integrated facility management (IFM) services across Asia and beyond. The Group operates through two core verticals: on-demand staffing and IFM, delivering agile, reliable support to industries such as hospitality, logistics, retail, and healthcare.
Leveraging proprietary digital platforms and IoT-driven systems, YY Group enables clients to meet fluctuating labor demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Asia, Europe, Africa, Oceania and the Middle East.
Listed on the Nasdaq Capital Market, YY Group is committed to service excellence, operational innovation, and long-term value creation for clients and shareholders.
For more information on the Company, please visit https://yygroupholding.com/.
Non-IFRS Financial Measures
The Company uses non-IFRS measures such as non-IFRS net loss/profit in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that non-IFRS financial measures help identify underlying trends in the Company's business that could otherwise be distorted by the effect of certain expenses that the Company includes in its results for the period. The Company believes that non-IFRS financial measures provide useful information about its results of operations, enhance the overall understanding of its past performance and future prospects, and allow for greater visibility with respect to key metrics used by its management in its financial and operational decision-making.
Non-IFRS financial measures have limitations as analytical tools and should not be considered in isolation or construed as an alternative to IFRS financial measures or any other measure of performance or as an indicator of its operating performance. Investors are encouraged to review non-IFRS financial measures and the reconciliation to their most directly comparable IFRS measures. Non-IFRS financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure.
For more information on the Company’s non-IFRS financial measures, please see the section titled “Unaudited reconciliations of IFRS and non-IFRS financial measures.”
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality and manpower markets in Hong Kong and the broader Southeast Asian region, including Malaysia, Singapore, and Thailand, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.
Investor Contact
Jason Zhi Yong Phua, Chief Financial Officer
YY Group
enquiries@yygroupholding.com
Unaudited and Unreviewed Reconciliation of IFRS and Non-IFRS Financial Measures
| 2025 | 2025 | |||
| Non-IFRS reconciliation | ||||
| $ | $ | |||
| Revenue | 57,245,167 | 57,245,167 | ||
| Cost of revenue | (49,347,666 | ) | (49,347,666 | ) |
| Gross profit | 7,897,501 | 7,897,501 | ||
| Other income | 1,169,718 | 1,169,718 | ||
| Selling and marketing expenses | (2,731,035 | ) | (579,170 | ) |
| General and administrative expenses | (19,679,803 | ) | (15,234,268 | ) |
| Impairment loss on intangible asset | (4,063,000 | ) | - | |
| Impairment loss on goodwill | (5,551,429 | ) | - | |
| Other expenses | (57,201 | ) | (57,201 | ) |
| Change in fair value of investment property | 38,296 | - | ||
| Change in fair value of warrant liability | 2,383,178 | - | ||
| Operating (loss)/profit | (20,593,775 | ) | (6,803,420 | ) |
| Finance cost | (1,028,787 | ) | (1,028,787 | ) |
| (Loss)/Profit before tax | (21,622,562 | ) | (7,832,207 | ) |
| Income tax expenses | 38,764 | 38,764 | ||
| (Loss)/Profit for the period | (21,583,798 | ) | (7,793,443 | ) |
| Profit attributable to: | ||||
| Non-controlling interests | (164,656 | ) | (164,656 | ) |
| Owners of the Company | (21,419,142 | ) | (7,628,787 | ) |
| Adding back: | ||||
| Share-based compensation | (6,597,400 | ) | ||
| Impairment loss on intangible asset | (4,063,000 | ) | ||
| Impairment loss on goodwill | (5,551,429 | ) | ||
| Change in fair value of investment property | 38,296 | |||
| Change in fair value of warrant liability | 2,383,178 | |||
| (21,419,142 | ) | |||
1 Per-share amounts have been retroactively adjusted to reflect the Company’s 50-for-1 reverse stock split effective March 23, 2026 and are based on the weighted-average number of ordinary shares outstanding of 1,151,339 during the second half of 2025, as adjusted for the reverse stock split.
2 Per-share amounts have been retroactively adjusted to reflect the Company’s 50-for-1 reverse stock split effective March 23, 2026 and are based on the weighted-average number of ordinary shares outstanding of 974,686 during FY2025, as adjusted for the reverse stock split.
