PMEC

SINGAPORE, July 24, 2025 (GLOBE NEWSWIRE) -- Primech Holdings Limited (Nasdaq: PMEC), an established technology-driven facilities-services provider to public and private-sector customers in Singapore, today reported audited financial results for the fiscal year ended March 31, 2025. FY 2025 Highlights: Revenue grew 2.5% to $74.3 million for the fiscal year ended March 31, 2025, compared with revenue of $72.5 million in fiscal year 2024. Gross profit margin expanded 130 basis points to 23.6% as technology adoption and grant support offset wage pressures. Net loss narrowed 40% to $2.2 million, or $(0.05) per basic and diluted share, compared to a net loss of $3.2 million, or $(0.10) per share. Cash and cash equivalents increased by 32.7% to $10.1 million; total assets were $41.2 million, and total liabilities were $26.5 million. Future contracted revenue, scheduled for recognition in FY 2026 and onward, totals $120.8 million, providing multi-year visibility. Fiscal Year 2025 Financial Results: Primech A&P Highlights: Over $18.9 million in new contracts secured during fiscal year 2025, including a major contract extension worth $8.3 million Industry recognition achievements, including ASEAN Public Toilet Award for Newton Food Centre management and LOO Awards 2024 Best Market Award Sustainability leadership with nomination as a finalist for the Singapore Apex Corporate Sustainability Awards in the "LowCarbonSG" category Strategic partnerships, including membership in the Singapore International Facility Management Association (SIFMA) Primech AI Highlights: Revolutionary HYTRON robot launch with successful deployments at Temasek Polytechnic, a major Singapore shopping mall, and one of Singapore's largest hospitals Global expansion achievements, including partnerships in Hong Kong (Chinachem Group), Japan (Golden Rim Investment), and Europe (TCOrobotics GmbH covering Germany, Austria, and Switzerland) Technology excellence recognition, winning the Robotics category at the Singapore Business Review Technology Excellence Awards 2025 Advanced AI integration incorporating NVIDIA Jetson Orin technology components for enhanced robotics performance Manufacturing scale-up with a China production partnership targeting 300 robots' initial production capacity Product innovation with the launch of the compact HYTRON Lite model optimized for space-constrained environments CEO...