Ohmyhome (OMH) H2 2025 earnings summary

Executive summary

• Revenue grew 12.5% year-over-year to S$12.2 million in 2025, driven by property management and digital marketing services, despite a 32.6% decline in brokerage revenue.

• Net loss widened to S$9.2 million in 2025 from S$4.4 million in 2024, mainly due to a S$4.7 million goodwill impairment and increased administrative expenses.

• Gross margin declined to 31.9% in 2025 from 40.5% in 2024, reflecting higher costs in property management and digital marketing segments.

• The company completed acquisitions in the Philippines and expanded digital marketing services, diversifying revenue streams.

Financial highlights

• Total revenue: S$12.2 million in 2025 (up 12.5% YoY); property management revenue up 43.1% to S$6.0 million; digital marketing contributed S$0.3 million.

• Brokerage revenue fell 32.6% to S$2.6 million; emerging and other services revenue rose 18% to S$3.3 million.

• Gross profit: S$3.9 million in 2025 (down 11.3% YoY); gross margin 31.9%.

• Operating expenses: S$13.2 million in 2025 (up 50% YoY), driven by goodwill impairment and higher staff costs.

• Net loss: S$9.2 million in 2025 (vs. S$4.4 million in 2024).

• Cash and cash equivalents: S$4.6 million as of Dec 31, 2025.

Outlook and guidance

• Management expects continued growth in property management and digital marketing, with ongoing cost optimization.

• Liquidity is sufficient for the next 12 months, but future financing may be needed for expansion.

• No cash dividends are expected in the foreseeable future; earnings will be retained for growth.