Hyphens Pharma profit dives 44% in 2025 despite record 40.7% gross margins

Net profit fell to $6.1m in 2025 as higher costs and inventory write-offs offset proprietary brand growth.

Hyphens Pharma International Limited posted a net profit of $6.1m for the year ended 31 December 2025, down 44% from $10.9m in FY2024.

Basic earnings per share fell to 1.89 Singapore cents from 3.30 cents a year earlier, according to the company’s FY2025 financial statements.

Revenue declined 9.2% to $177.4m, as lower sales from the Pharmaceutical and Medical Aesthetics segment and the Digital Platform and e-Pharmacy segment outweighed a 33.1% increase in Proprietary Brands revenue to $36.7m.

Gross profit rose 3.8% to $72.2m, with the gross margin improving to 40.7% from 35.6%, reflecting higher-margin products in the company’s portfolio.

Hyphens Pharma said that despite challenges including foreign exchange volatility, elevated operating costs, and inventory write-offs, its diversified business model across three segments, namely Pharmaceutical and Medical Aesthetics, Proprietary Brands, and Digital Platform and e-Pharmacy, provides resilience.

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