REF Holdings expects profit to fall by up to 50% in 2025

The company cited an anticipated drop in revenue.

REF Holdings Limited expects profit attributable to owners of the company to decrease approximately 40% to 50% for the year ended 31 December 2025 (FY2025), according to a press release.

The expected decline compares with profit attributable to owners of approximately $5.7m for the corresponding period last year. The company cited a decrease in revenue as the primary reason for the anticipated drop.

The financial information is based on a preliminary review of unaudited consolidated management accounts and information currently available to the board, and has not been audited or reviewed by the independent auditors or the audit committee. The results remain subject to possible adjustments upon further review.

The audited annual results for the year ended 31 December 2025 are expected to be published on 5 March 2026.