It is mainly due to no revenue from the OJJ Foods project.
Figtree Holdings posted a loss of $1.7m for H1, according to the company's unaudited report.
It is mainly due to the OJJ Foods Pte project having no revenue during the period, whilst it contributed revenue in H1 2023.
Loss attributable to owners of the company is at $1.6m, whilst loss per share is $0.45.
Figtree Holdings said that it generated a positive cash flow with $3m cash and cash equivalents.