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Financials

Annual Report 2025

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Consolidated Statement of Comprehensive Income (Group)

18 metrics

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Consolidated Statement of Comprehensive Income (Group) from Annual Report 2025
Metric / unit 2025Group2024Group Source
Income statement
Revenue$ 15,956,02015,574,677 PDF p. 57
Cost of sales$ (7,628,495)(6,417,227) PDF p. 57
Gross profit$ 8,327,5259,157,450 PDF p. 57
Other income
- Interest$ 526,392588,370 PDF p. 57
- Others$ 11,49455,196 PDF p. 57
Expenses
Distribution and marketing expenses$ (79,074)(70,029) PDF p. 57
Administrative expenses$ (2,656,809)(2,554,212) PDF p. 57
Other operating (expenses)/income$ (623,550)249,046 PDF p. 57
Finance costs$ (2,806)(7,563) PDF p. 57
Income statement
Profit before tax$ 5,503,1727,418,258 PDF p. 57
Tax expense$ (1,079,269)(1,445,902) PDF p. 57
Profit for the financial year$ 4,423,9035,972,356 PDF p. 57
Other comprehensive income
Currency translation differences on consolidation$ 129,379311,227 PDF p. 57
Total comprehensive income for the financial year$ 4,553,2826,283,583 PDF p. 57
Profit attributable to
Equity holders of the Company$ 4,423,9035,972,356 PDF p. 57
Total comprehensive income attributable to
Equity holders of the Company$ 4,553,2826,283,583 PDF p. 57
Earnings per share (cents per share)
- Basiccents per share 1.932.63 PDF p. 57
- Dilutedcents per share 1.932.61 PDF p. 57
Definitions & sources

For the financial year ended 31 December 2025. Currency Singapore Dollar. Company does not present a separate income statement; Company statement of changes in equity shows profit and total comprehensive income of 3,658,144 (2025) and 2,776,975 (2024) (page 58).

Statements of Financial Position (Group and Company)

26 metrics

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Statements of Financial Position (Group and Company) from Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Non-current assets
Property, plant and equipment$ 629,145625,701–– PDF p. 57
Right-of-use assets$ 39,065145,606–– PDF p. 57
Intangible asset$ 111,091123,242–– PDF p. 57
Investment in subsidiaries$ ––2,052,3391,813,804 PDF p. 57
Deferred tax assets$ 44,75922,045–– PDF p. 57
Total non-current assets$ 824,060916,5942,052,3391,813,804 PDF p. 57
Current assets
Trade and other receivables$ 1,327,6981,850,336238,2131,118,105 PDF p. 57
Cash and cash equivalents$ 23,643,88721,606,00510,073,1808,904,845 PDF p. 57
Tax recoverable$ 220,191185,650–– PDF p. 57
Total current assets$ 25,191,77623,641,99110,311,39310,022,950 PDF p. 57
Assets
Total assets$ 26,015,83624,558,58512,363,73211,836,754 PDF p. 57
Equity
Share capital$ 8,214,1827,576,6478,214,1827,576,647 PDF p. 57
Currency translation reserve$ 68,665(60,714)–– PDF p. 57
Merger reserve$ (1,455,778)(1,455,778)–– PDF p. 57
Share-based reserve$ –209,000–209,000 PDF p. 57
Retained earnings$ 16,441,85215,467,0933,787,6193,578,619 PDF p. 57
Total equity$ 23,268,92121,736,24812,001,80111,364,266 PDF p. 57
Non-current liabilities
Lease liabilities$ 7,50310,044–– PDF p. 57
Total non-current liabilities$ 7,50310,044–– PDF p. 57
Current liabilities
Trade and other payables$ 1,423,6351,423,595361,931472,488 PDF p. 57
Contract liabilities$ 489,693431,613–– PDF p. 57
Lease liabilities$ 21,313116,728–– PDF p. 57
Tax payable$ 804,771840,357–– PDF p. 57
Total current liabilities$ 2,739,4122,812,293361,931472,488 PDF p. 57
Liabilities
Total liabilities$ 2,746,9152,822,337361,931472,488 PDF p. 57
Equity and liabilities
Total equity and liabilities$ 26,015,83624,558,58512,363,73211,836,754 PDF p. 57
Definitions & sources

Singapore Dollar; statements as at financial year ended 31 December 2025.

Consolidated Statement of Comprehensive Income (Group)

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Consolidated Statement of Comprehensive Income (Group) from Annual Report 2025
Metric / unit 2025Group, FY ended 31 December 2025, $2024Group, FY ended 31 December 2024, $ Source
Income statement
Revenue$ 15,956,02015,574,677 PDF p. 57
Cost of sales$ (7,628,495)(6,417,227) PDF p. 57
Gross profit$ 8,327,5259,157,450 PDF p. 57
Other income
- Interest$ 526,392588,370 PDF p. 57
- Others$ 11,49455,196 PDF p. 57
Expenses
Distribution and marketing expenses$ (79,074)(70,029) PDF p. 57
Administrative expenses$ (2,656,809)(2,554,212) PDF p. 57
Other operating (expenses)/income$ (623,550)249,046 PDF p. 57
Finance costs$ (2,806)(7,563) PDF p. 57
Income statement
Profit before tax$ 5,503,1727,418,258 PDF p. 57
Tax expense$ (1,079,269)(1,445,902) PDF p. 57
Profit for the financial year$ 4,423,9035,972,356 PDF p. 57
Other comprehensive income (item that is or may be reclassified subsequently to profit or loss)
Currency translation differences on consolidation$ 129,379311,227 PDF p. 57
Comprehensive income
Total comprehensive income for the financial year$ 4,553,2826,283,583 PDF p. 57
Profit attributable to
Equity holders of the Company$ 4,423,9035,972,356 PDF p. 57
Total comprehensive income attributable to
Equity holders of the Company$ 4,553,2826,283,583 PDF p. 57
Earnings per share (cents per share)
- Basiccents per share 1.932.63 PDF p. 57
- Dilutedcents per share 1.932.61 PDF p. 57
Definitions & sources

No non-controlling interests are shown; profit and total comprehensive income are attributable solely to equity holders of the Company.

Consolidated Statement of Cash Flows (Group)

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Consolidated Statement of Cash Flows (Group) from Annual Report 2025
Metric / unit 2025Group, FY ended 31 December 2025, $2024Group, FY ended 31 December 2024, $ Source
Cash flows from operating activities
Profit before tax$ 5,503,1727,418,258 PDF p. 59
Adjustments for
Amortisation of intangible asset$ 16,48415,791 PDF p. 59
Bad debts written off$ 9,1852,340 PDF p. 59
Depreciation of property, plant and equipment$ 136,677111,224 PDF p. 59
Depreciation of right-of-use assets$ 129,501126,527 PDF p. 59
Interest income$ (526,392)(588,370) PDF p. 59
Interest expense$ 2,8067,563 PDF p. 59
Share-based payment expense$ 428,535431,145 PDF p. 59
Unrealised exchange loss/(gain)$ 613,615(294,454) PDF p. 59
Cash flows from operating activities
Operating cash flow before movement in working capital$ 6,313,5837,230,024 PDF p. 59
Trade and other receivables$ 5,266(154,111) PDF p. 59
Trade and other payables and contract liabilities$ 57,536(233,132) PDF p. 59
Currency translation adjustments$ (643,698)434,616 PDF p. 59
Cash generated from operations$ 5,732,6877,277,397 PDF p. 59
Income tax paid$ (1,185,215)(1,156,198) PDF p. 59
Income tax refund$ 20,642- PDF p. 59
Net cash generated from operating activities$ 4,568,1146,121,199 PDF p. 59
Cash flows from investing activities
Purchases of property, plant and equipment$ (115,804)(411,439) PDF p. 59
Repayment from/(disbursement for) loan receivables$ 646,700(662,650) PDF p. 59
Interest received$ 371,929517,124 PDF p. 59
Net cash generated from/(used in) investing activities$ 902,825(556,965) PDF p. 59
Cash flows from financing activities
Repayments of lease liabilities$ (120,490)(131,110) PDF p. 59
Interest paid$ (2,806)(7,563) PDF p. 59
Dividends paid to shareholders$ (3,449,144)(2,903,252) PDF p. 59
Net cash used in financing activities$ (3,572,440)(3,041,925) PDF p. 59
Closing cash
Net increase in cash and cash equivalents$ 1,898,4992,522,309 PDF p. 59
Cash and cash equivalents at beginning of the financial year$ 21,606,00518,954,671 PDF p. 59
Effects of exchange rate changes on cash and cash equivalents$ 139,383129,025 PDF p. 59
Cash and cash equivalents at end of the financial year$ 23,643,88721,606,005 PDF p. 59
Definitions & sources

Only the Group has a cash flow statement; no Company cash flow statement is presented.

Reconciliation of movements of liabilities to cash flows arising from financing activities - Lease liabilities (Group)

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Reconciliation of movements of liabilities to cash flows arising from financing activities - Lease liabilities (Group) from Annual Report 2025
Metric / unit 2025Group, lease liabilities, 2025, $2024Group, lease liabilities, 2024, $ Source
Lease liabilities
Balance at 1 January$ 126,772230,817 PDF p. 59
Changes from financing cash flows
- Repayments$ (120,490)(131,110) PDF p. 59
- Interest paid$ (2,806)(7,563) PDF p. 59
Non-cash changes
- Interest expense$ 2,8067,563 PDF p. 59
- New lease$ 21,89017,790 PDF p. 59
Lease liabilities
Effect of changes in foreign exchange rates$ 6449,275 PDF p. 59
Balance at 31 December$ 28,816126,772 PDF p. 59
Definitions & sources

Consolidated Statement of Changes in Equity (Group) - 2025

9 metrics

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Consolidated Statement of Changes in Equity (Group) - 2025 from Annual Report 2025
Metric / unit 2025Group 2025, Share capital (Note 17), $2025Group 2025, Currency translation reserve (Note 18), $2025Group 2025, Merger reserve (Note 19), $2025Group 2025, Share-based reserve (Note 20), $2025Group 2025, Retained earnings, $2025Group 2025, Total equity, $ Source
Group 2025
At 1 January 2025$ 7,576,647(60,714)(1,455,778)209,00015,467,09321,736,248 PDF p. 58
Profit for the financial year$ ––––4,423,9034,423,903 PDF p. 58
Group 2025 - Other comprehensive income
Currency translation differences on consolidation$ –129,379–––129,379 PDF p. 58
Other comprehensive income for the financial year, net of tax$ –129,379–––129,379 PDF p. 58
Group 2025
Total comprehensive income for the financial year$ –129,379–––129,379 PDF p. 58
Dividend$ ––––(3,449,144)(3,449,144) PDF p. 58
Share-based payment expense$ –––428,535–428,535 PDF p. 58
Issue of new shares pursuant to SPRINT$ 637,535––(637,535)–– PDF p. 58
At 31 December 2025$ 8,214,18268,665(1,455,778)-16,441,85223,268,921 PDF p. 58
Definitions & sources

Total comprehensive income row is printed with retained earnings '–' and total 129,379 as shown in the source, although profit of 4,423,903 is shown above. No non-controlling interest column.

Consolidated Statement of Changes in Equity (Group) - 2024

8 metrics

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Consolidated Statement of Changes in Equity (Group) - 2024 from Annual Report 2025
Metric / unit 2024Group 2024, Share capital (Note 17), $2024Group 2024, Currency translation reserve (Note 18), $2024Group 2024, Merger reserve (Note 19), $2024Group 2024, Share-based reserve (Note 20), $2024Group 2024, Retained earnings, $2024Group 2024, Total equity, $ Source
Group 2024
At 1 January 2024$ 7,145,502(371,941)(1,455,778)209,00012,397,98917,924,772 PDF p. 58
Profit for the financial year$ ––––5,972,3565,972,356 PDF p. 58
Group 2024 - Other comprehensive income
Currency translation differences on consolidation$ –311,227–––311,227 PDF p. 58
Other comprehensive income for the financial year, net of tax$ –311,227–––311,227 PDF p. 58
Group 2024
Total comprehensive income for the financial year$ –311,227––5,972,3566,283,583 PDF p. 58
Dividend$ ––––(2,903,252)(2,903,252) PDF p. 58
Share-based payment expense$ –––431,145–431,145 PDF p. 58
At 31 December 2024$ 7,576,647(60,714)(1,455,778)209,00015,467,09321,736,248 PDF p. 58
Definitions & sources

SPRINT row layout is wrapped in source; cell positions inferred from column alignment (CTR and merger reserve shown as –). No non-controlling interest column.

Statement of Changes in Equity (Company) - 2025

6 metrics

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Statement of Changes in Equity (Company) - 2025 from Annual Report 2025
Metric / unit 2025Company 2025, Share capital (Note 17), $2025Company 2025, Share-based reserve (Note 20), $2025Company 2025, Retained earnings, $2025Company 2025, Total equity, $ Source
Company 2025
At 1 January 2025$ 7,576,647209,0003,578,61911,364,266 PDF p. 58
Profit and total comprehensive income for the financial year$ ––3,658,1443,658,144 PDF p. 58
Dividend$ ––(3,449,144)(3,449,144) PDF p. 58
Share-based payment expense$ -428,535–428,535 PDF p. 58
Issue of new shares pursuant to SPRINT$ 637,535(637,535)–- PDF p. 58
At 31 December 2025$ 8,214,182–3,787,61912,001,801 PDF p. 58
Definitions & sources

Statement of Changes in Equity (Company) - 2024

6 metrics

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Statement of Changes in Equity (Company) - 2024 from Annual Report 2025
Metric / unit 2024Company 2024, Share capital (Note 17), $2024Company 2024, Share-based reserve (Note 20), $2024Company 2024, Retained earnings, $2024Company 2024, Total equity, $ Source
Company 2024
At 1 January 2024$ 7,145,502209,0003,704,89611,059,398 PDF p. 58
Profit and total comprehensive income for the financial year$ ––2,776,9752,776,975 PDF p. 58
Dividend$ ––(2,903,252)(2,903,252) PDF p. 58
Share-based payment expense$ –431,145–431,145 PDF p. 58
Issue of new shares pursuant to SPRINT$ 431,145(431,145)–- PDF p. 58
At 31 December 2024$ 7,576,647209,0003,578,61911,364,266 PDF p. 58
Definitions & sources

Note 9 Earnings per share (Group)

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Note 9 Earnings per share (Group) from Annual Report 2025
Metric / unit 2025Group 20252024Group 2024 Source
Basic EPS
Net profit attributable to equity holders of the Company$ 4,423,9035,972,356 PDF p. 64
Earnings per share (cents per share)
- Basiccents per share 1.932.63 PDF p. 64
Diluted EPS
Adjustment for share awardsnumber of shares -1,466,667 PDF p. 64
Earnings per share (cents per share)
- Dilutedcents per share 1.932.61 PDF p. 64
Definitions & sources

As at 31 December 2025, the Group did not have any dilutive potential ordinary shares. As at 31 December 2024, the Group's potential ordinary shares comprised employee share awards.

The diluted net profit attributable to equity holders is the same as basic: 4,423,903 (2025) and 5,972,356 (2024).

Where the money comes from

Segment information

By business

Segment information - 2025 by business segment 7 lines
Segment information - 2025 by business segment
Item / unit 2025Business impact assessment and recognition, $2025Exhibitions, $2025Business media, $2025Investment holding, $2025Eliminations, $2025Consolidated total, $ Source
Segment revenue
- Sales to external customers$ 15,255,728580,964119,328––15,956,020 PDF p. 74
- Intersegment revenue$ ––6,4834,610,319(4,616,802)– PDF p. 74
Total revenue$ 15,255,728580,964125,8114,610,319(4,616,802)15,956,020 PDF p. 74
Segment results
Bad debts written off$ (9,185)-–––(9,185) PDF p. 74
Segment profit$ 5,929,117(43,884)14,5803,650,759(3,887,767)5,662,805 PDF p. 74
Segment assets
Segment assets$ 2,035,815219,49741,956238,213(1,096,692)1,438,789 PDF p. 74
Segment liabilities
Segment liabilities$ 2,302,037271,27012,994423,246(1,096,219)1,913,328 PDF p. 74
Notes

Reportable segments: business impact assessment and recognition, exhibitions, business media and investment holding. Segment assets exclude property, plant and equipment, right-of-use assets, deferred tax assets, loan receivable, cash and cash equivalents and tax recoverable (unallocated). Segment liabilities exclude lease liabilities and current tax payable (unallocated).

Segment information - 2025 reconciliation to consolidated (single-value rows) 13 lines
Segment information - 2025 reconciliation to consolidated (single-value rows)
Item / unit 2025Consolidated total, $ Source
Unallocated income
- Interest income$ 526,392 PDF p. 74
- Other income$ 11,494 PDF p. 74
Unallocated expenses
- Depreciation$ (266,178) PDF p. 74
- Share-based payments$ (428,535) PDF p. 74
- Interest expense$ (2,806) PDF p. 74
Reconciliation
Profit before tax$ 5,503,172 PDF p. 74
Tax expense$ (1,079,269) PDF p. 74
Profit for the financial year$ 4,423,903 PDF p. 74
Assets
Unallocated assets$ 24,577,047 PDF p. 74
Total assets$ 26,015,836 PDF p. 74
Unallocated assets include
Additions to non-current assets$ 137,694 PDF p. 74
Liabilities
Unallocated liabilities$ 833,587 PDF p. 74
Total liabilities$ 2,746,915 PDF p. 74
Notes

Single-column reconciling items printed under the 2025 segment table.

Segment information - 2024 by business segment 7 lines
Segment information - 2024 by business segment
Item / unit 2024Business impact assessment and recognition, $2024Exhibitions, $2024Business media, $2024Investment holding, $2024Eliminations, $2024Consolidated total, $ Source
Segment revenue
- Sales to external customers$ 14,488,2441,040,26846,165––15,574,677 PDF p. 74
- Intersegment revenue$ –––3,448,300(3,448,300)– PDF p. 74
Total revenue$ 14,488,2441,040,26846,1653,448,300(3,448,300)15,574,677 PDF p. 74
Segment results
Bad debts written off$ (1,755)(585)–––(2,340) PDF p. 74
Segment profit$ 7,013,741377,422(31,792)2,858,129(2,766,349)7,451,151 PDF p. 74
Segment assets
Segment assets$ 1,394,650193,48516,3451,118,106(1,411,658)1,310,928 PDF p. 74
Segment liabilities
Segment liabilities$ 2,534,256215,00815,753528,137(1,437,946)1,855,208 PDF p. 74
Notes

Comparative year 2024 as printed in Note 26.

Segment information - 2024 reconciliation to consolidated (single-value rows) 13 lines
Segment information - 2024 reconciliation to consolidated (single-value rows)
Item / unit 2024Consolidated total, $ Source
Unallocated income
- Interest income$ 588,370 PDF p. 74
- Other income$ 55,196 PDF p. 74
Unallocated expenses
- Depreciation$ (237,751) PDF p. 74
- Share-based payments$ (431,145) PDF p. 74
- Interest expense$ (7,563) PDF p. 74
Reconciliation
Profit before tax$ 7,418,258 PDF p. 74
Tax expense$ (1,445,902) PDF p. 74
Profit for the financial year$ 5,972,356 PDF p. 74
Assets
Unallocated assets$ 23,247,657 PDF p. 74
Total assets$ 24,558,585 PDF p. 74
Unallocated assets include
Additions to non-current assets$ 429,229 PDF p. 74
Liabilities
Unallocated liabilities$ 967,129 PDF p. 74
Total liabilities$ 2,822,337 PDF p. 74
Notes

Single-column reconciling items printed under the 2024 segment table.

By geography

Geographical information - revenue and non-current assets 13 lines
Geographical information - revenue and non-current assets — Group
Item / unit 2025$2024$ Source
Revenue
Singapore$ 1,818,9541,284,515 PDF p. 75
Malaysia$ 5,081,4675,347,577 PDF p. 75
Revenue - People’s Republic of China
- Mainland China$ 1,018,968752,794 PDF p. 75
- Hong Kong$ 1,007,6771,011,337 PDF p. 75
Revenue
Taiwan$ 2,098,6721,888,162 PDF p. 75
Philippines$ 703,853949,853 PDF p. 75
Indonesia$ 962,840745,470 PDF p. 75
Vietnam$ 649,5261,837,338 PDF p. 75
Thailand$ 2,482,0271,494,065 PDF p. 75
Cambodia$ 132,036152,887 PDF p. 75
Others$ –110,679 PDF p. 75
Revenue (total, unlabelled)
15,956,020$ 15,956,02015,574,677 PDF p. 75
Non-current assets
Malaysia$ 779,301894,549 PDF p. 75
Notes

Revenue and non-current assets based on the geographical locations of where the events are held and assets respectively.

Non-current assets information presented above are non-current assets as presented on the statements of financial position excluding deferred tax assets.

Total revenue row has no printed label.

Debt

Borrowings

Borrowing notes 1 tables

Group carrying amount of lease liabilities (Note 11)

Group carrying amount of lease liabilities (Note 11) — Group
Item / unit 2025$2024$ Source
Lease liabilities - Current
-Related party (Current)$ 10,44789,132 PDF p. 65
-Third party (Current)$ 10,86627,596 PDF p. 65
Current lease liabilities total$ 21,313116,728 PDF p. 65
Lease liabilities - Non-current
-Related party (Non-current)$ -10,044 PDF p. 65
-Third party (Non-current)$ 7,503– PDF p. 65
Non-current lease liabilities total$ 7,50310,044 PDF p. 65
Lease liabilities - Total
Total carrying amount of lease liabilities$ 28,816126,772 PDF p. 65
Notes

Total row has no printed label; it follows Non-current subtotal. Related party/third party split as printed. No bank borrowings disclosed.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend policy The Group reaffirms its dividend policy, maintaining its targeted annual payout ratio of 50% of profit attributable to equity holders of the Company, Group PDF p. 20

Dividends declared and proposed

ItemValuePeriod / scopeSource
Provision 11.6 – Dividend Policy 1.50 Singapore cents per ordinary share FY2025 final dividend, one-tier tax exempt, proposed subject to shareholder approval at the forthcoming AGM PDF p. 43
23 Dividends $0.015 per share Company, proposed final exempt dividend for FY ended 31 December 2025 PDF p. 69
Final exempt dividend of $0.017 per share paid in respect of $0.017 per share Company, final exempt dividend for FY ended 31 December 2024, paid in 2024 column (comparative) PDF p. 69
Final exempt dividend of $0.015 per share paid in respect of $0.015 per share Company, final exempt dividend paid, 2025 column PDF p. 69

Payout

ItemValuePeriod / scopeSource
Dividend paid 3,449,144 S$ Group economic value distributed, FY2025 (FY2024: 2,903,252; FY2023: 3,047,400) PDF p. 20

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Audit firm Baker Tilly TFW LLP Group PDF p. 56
Engagement partner Sek See Mun Group PDF p. 56

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.