Annual Report 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Plant and equipmentSingapore dollars thousands | 3,866 | 4,898 | 4 | 8 | PDF p. 50 |
| Intangible assetsSingapore dollars thousands | 23,989 | 24,530 | – | – | PDF p. 50 |
| Investments in subsidiariesSingapore dollars thousands | – | – | 19,986 | 19,986 | PDF p. 50 |
| Deferred tax assetsSingapore dollars thousands | 145 | 234 | – | – | PDF p. 50 |
| Total non-current assetsSingapore dollars thousands | 28,000 | 29,662 | 19,990 | 19,994 | PDF p. 50 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 29,335 | 34,445 | – | – | PDF p. 50 |
| Trade and other receivablesSingapore dollars thousands | 34,969 | 45,423 | 20,424 | 20,600 | PDF p. 50 |
| PrepaymentsSingapore dollars thousands | 4,437 | 2,530 | 101 | 119 | PDF p. 50 |
| Other financial assetsSingapore dollars thousands | 20 | 270 | – | – | PDF p. 50 |
| Cash and cash equivalentsSingapore dollars thousands | 26,834 | 23,420 | 208 | 106 | PDF p. 50 |
| Total current assetsSingapore dollars thousands | 95,595 | 106,088 | 20,733 | 20,825 | PDF p. 50 |
| Total assetsSingapore dollars thousands | 123,595 | 135,750 | 40,723 | 40,819 | PDF p. 50 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 35,216 | 35,216 | 35,216 | 35,216 | PDF p. 50 |
| Treasury sharesSingapore dollars thousands | (87) | (85) | (87) | (85) | PDF p. 50 |
| Retained earningsSingapore dollars thousands | 43,499 | 45,231 | 4,674 | 4,654 | PDF p. 50 |
| Other reservesSingapore dollars thousands | (8,569) | (9,464) | – | – | PDF p. 50 |
| Equity attributable to equity | |||||
| holders of the CompanySingapore dollars thousands | 70,059 | 70,898 | 39,803 | 39,785 | PDF p. 50 |
| Non-controlling interestsSingapore dollars thousands | 2,509 | 3,568 | – | – | PDF p. 50 |
| Total equitySingapore dollars thousands | 72,568 | 74,466 | 39,803 | 39,785 | PDF p. 50 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 848 | 1,024 | – | – | PDF p. 50 |
| Other financial liabilitiesSingapore dollars thousands | 3,108 | 2,573 | – | – | PDF p. 50 |
| Total non-current liabilitiesSingapore dollars thousands | 3,956 | 3,597 | – | – | PDF p. 50 |
| Current liabilities | |||||
| Income tax payableSingapore dollars thousands | 2,178 | 2,576 | – | – | PDF p. 50 |
| Other financial liabilitiesSingapore dollars thousands | 6,320 | 11,541 | – | – | PDF p. 50 |
| Trade and other payablesSingapore dollars thousands | 38,573 | 43,570 | 920 | 1,034 | PDF p. 50 |
| Total current liabilitiesSingapore dollars thousands | 47,071 | 57,687 | 920 | 1,034 | PDF p. 50 |
| Total liabilitiesSingapore dollars thousands | 51,027 | 61,284 | 920 | 1,034 | PDF p. 50 |
| Total equity and liabilitiesSingapore dollars thousands | 123,595 | 135,750 | 40,723 | 40,819 | PDF p. 50 |
Original report: PDF p. 50 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated profit and comprehensive income — FY2025 source | |||
| RevenueSingapore dollars thousands | 177,367 | 195,420 | PDF p. 49 |
| Cost of salesSingapore dollars thousands | (105,185) | (125,913) | PDF p. 49 |
| Gross profitSingapore dollars thousands | 72,182 | 69,507 | PDF p. 49 |
| Other income and gainsSingapore dollars thousands | 386 | 693 | PDF p. 49 |
| Distribution costsSingapore dollars thousands | (40,854) | (39,739) | PDF p. 49 |
| Administrative expensesSingapore dollars thousands | (15,529) | (15,232) | PDF p. 49 |
| Finance costsSingapore dollars thousands | (520) | (565) | PDF p. 49 |
| Other lossesSingapore dollars thousands | (7,603) | (1,705) | PDF p. 49 |
| Profit before taxSingapore dollars thousands | 8,062 | 12,959 | PDF p. 49 |
| Income tax expenseSingapore dollars thousands | (1,945) | (2,104) | PDF p. 49 |
| Profit for the yearSingapore dollars thousands | 6,117 | 10,855 | PDF p. 49 |
| Items that may be reclassified subsequently to | |||
| profit or loss Exchange differences on translating foreign operations, net of taxSingapore dollars thousands | 882 | 625 | PDF p. 49 Label p. 49 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | 882 | 625 | PDF p. 49 |
| Total comprehensive income for the yearSingapore dollars thousands | 6,999 | 11,480 | PDF p. 49 |
| Profit for the year attributable to: Equity holders of the CompanySingapore dollars thousands | 5,844 | 10,194 | PDF p. 49 Label p. 49 |
| Non-controlling interestsSingapore dollars thousands | 273 | 661 | PDF p. 49 |
| SubtotalSingapore dollars thousands | 6,117 | 10,855 | PDF p. 49 |
| Total comprehensive income for the year attributable to: | |||
| Equity holders of the CompanySingapore dollars thousands | 6,739 | 10,760 | PDF p. 49 |
| Non-controlling interestsSingapore dollars thousands | 260 | 720 | PDF p. 49 |
| SubtotalSingapore dollars thousands | 6,999 | 11,480 | PDF p. 49 |
Original report: PDF p. 49 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share currency unit | |||
| BasicSingapore cents per share | 1.89 | 3.30 | PDF p. 49 |
| DilutedSingapore cents per share | 1.86 | 3.24 | PDF p. 49 |
Original report: PDF p. 49 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — Share capital | 2025Group — Treasury shares | 2025Group — Retained earnings | 2025Group — Other reserves | 2025Group — Equity attributable to owners | 2025Group — Non-controlling interests | 2025Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group | ||||||||
| Current year At 1 January 2025 35,216Singapore dollars thousands | 35,216 | (85) | 45,231 | (9,464) | 70,898 | 3,568 | 74,466 | PDF p. 51 Label p. 51 |
| Changes in equity Total comprehensive income for the yearSingapore dollars thousands | – | – | 5,844 | 895 | 6,739 | 260 | 6,999 | PDF p. 51 Label p. 51 |
| Dividends paid (Note 13)Singapore dollars thousands | – | – | (4,633) | – | (4,633) | (847) | (5,480) | PDF p. 51 |
| Purchase of treasury shares (Note 20)Singapore dollars thousands | – | (2) | – | – | (2) | – | (2) | PDF p. 51 Label p. 51 |
| Acquisition of non-controlling interests without change in control (Note 16)Singapore dollars thousands | – | – | (2,943) | – | (2,943) | (472) | (3,415) | PDF p. 51 Label p. 51 |
| At 31 December 2025 35,216Singapore dollars thousands | 35,216 | (87) | 43,499 | (8,569) | 70,059 | 2,509 | 72,568 | PDF p. 51 |
Original report: PDF p. 51 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group — Share capital | 2024Group — Treasury shares | 2024Group — Retained earnings | 2024Group — Other reserves | 2024Group — Equity attributable to owners | 2024Group — Non-controlling interests | 2024Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group | ||||||||
| Previous year At 1 January 2024 35,216Singapore dollars thousands | 35,216 | – | 37,765 | (9,995) | 62,986 | 2,876 | 65,862 | PDF p. 51 Label p. 51 |
| Changes in equity Total comprehensive income for the yearSingapore dollars thousands | – | – | 10,194 | 566 | 10,760 | 720 | 11,480 | PDF p. 51 Label p. 51 |
| Dividends paid (Note 13)Singapore dollars thousands | – | – | (2,656) | – | (2,656) | – | (2,656) | PDF p. 51 |
| Share-based payments (Note 22)Singapore dollars thousands | – | – | – | (35) | (35) | – | (35) | PDF p. 51 |
| Purchase of treasury shares (Note 20)Singapore dollars thousands | – | (85) | – | – | (85) | – | (85) | PDF p. 51 Label p. 51 |
| Acquisition of non-controlling interests without change in control (Note 16)Singapore dollars thousands | – | – | (72) | – | (72) | (28) | (100) | PDF p. 51 Label p. 51 |
| At 31 December 2024 35,216Singapore dollars thousands | 35,216 | (85) | 45,231 | (9,464) | 70,898 | 3,568 | 74,466 | PDF p. 51 |
Original report: PDF p. 51 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company — Share capital | 2025Company — Treasury shares | 2025Company — Retained earnings | 2025Company — Other reserves | 2025Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Company | ||||||
| Current year At 1 January 2025 35,216Singapore dollars thousands | 35,216 | (85) | 4,654 | – | 39,785 | PDF p. 52 Label p. 52 |
| Changes in equity Total comprehensive income for the yearSingapore dollars thousands | – | – | 4,653 | – | 4,653 | PDF p. 52 Label p. 52 |
| Dividends paid (Note 13)Singapore dollars thousands | – | – | (4,633) | – | (4,633) | PDF p. 52 |
| Purchase of treasury shares (Note 20)Singapore dollars thousands | – | (2) | – | – | (2) | PDF p. 52 |
| At 31 December 2025 35,216Singapore dollars thousands | 35,216 | (87) | 4,674 | – | 39,803 | PDF p. 52 |
Original report: PDF p. 52 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company — Share capital | 2024Company — Treasury shares | 2024Company — Retained earnings | 2024Company — Other reserves | 2024Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Company | ||||||
| Previous year At 1 January 2024 35,216Singapore dollars thousands | 35,216 | – | 2,837 | 35 | 38,088 | PDF p. 52 Label p. 52 |
| Changes in equity Total comprehensive income for the yearSingapore dollars thousands | – | – | 4,473 | – | 4,473 | PDF p. 52 Label p. 52 |
| Dividends paid (Note 13)Singapore dollars thousands | – | – | (2,656) | – | (2,656) | PDF p. 52 |
| Purchase of treasury shares (Note 20)Singapore dollars thousands | – | (85) | – | – | (85) | PDF p. 52 |
| Share-based payments (Note 22)Singapore dollars thousands | – | – | – | (35) | (35) | PDF p. 52 |
| At 31 December 2024 35,216Singapore dollars thousands | 35,216 | (85) | 4,654 | – | 39,785 | PDF p. 52 |
Original report: PDF p. 52 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before taxSingapore dollars thousands | 8,062 | 12,959 | PDF p. 53 |
| Adjustments for: | |||
| Amortisation of intangible assetsSingapore dollars thousands | 1,044 | 1,043 | PDF p. 53 |
| Depreciation of plant and equipmentSingapore dollars thousands | 1,767 | 2,012 | PDF p. 53 |
| Interest incomeSingapore dollars thousands | (55) | (150) | PDF p. 53 |
| Interest expenseSingapore dollars thousands | 520 | 565 | PDF p. 53 |
| Loss/(gain) on disposal of plant and equipmentSingapore dollars thousands | 88 | (5) | PDF p. 53 |
| Changes in fair value of derivative instruments at FVTPLSingapore dollars thousands | 250 | (180) | PDF p. 53 |
| Net effect of exchange rate changes in consolidating foreign operationsSingapore dollars thousands | 842 | 657 | PDF p. 53 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 12,518 | 16,901 | PDF p. 53 |
| Trade and other receivablesSingapore dollars thousands | 10,454 | (4,182) | PDF p. 53 |
| PrepaymentsSingapore dollars thousands | (1,907) | (474) | PDF p. 53 |
| InventoriesSingapore dollars thousands | 5,110 | (8,916) | PDF p. 53 |
| Trade and other payablesSingapore dollars thousands | (4,997) | (915) | PDF p. 53 |
| Net cash flows from operationsSingapore dollars thousands | 21,178 | 2,414 | PDF p. 53 |
| Income taxes paidSingapore dollars thousands | (2,430) | (2,354) | PDF p. 53 |
| Net cash generated from operating activitiesSingapore dollars thousands | 18,748 | 60 | PDF p. 53 |
| Cash flows from investing activities | |||
| Purchase of plant and equipment (Notes 14 and 19A)Singapore dollars thousands | (755) | (1,183) | PDF p. 53 |
| Purchase of intangible assetsSingapore dollars thousands | (503) | (1,998) | PDF p. 53 |
| Acquisition of non-controlling interests (Notes 16 and 27)Singapore dollars thousands | (3,415) | (100) | PDF p. 53 |
| Proceeds from disposal of plant and equipmentSingapore dollars thousands | – | 10 | PDF p. 53 |
| Interest receivedSingapore dollars thousands | 55 | 150 | PDF p. 53 |
| Net cash used in investing activitiesSingapore dollars thousands | (4,618) | (3,121) | PDF p. 53 |
| Cash flows from financing activities | |||
| Dividends paid to equity owners of the CompanySingapore dollars thousands | (4,633) | (2,656) | PDF p. 53 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | (847) | – | PDF p. 53 |
| Payment of lease liabilitiesSingapore dollars thousands | (1,468) | (1,568) | PDF p. 53 |
| Increase in new loans and borrowingsSingapore dollars thousands | 12,900 | 9,009 | PDF p. 53 |
| Loans and borrowings paidSingapore dollars thousands | (16,303) | (1,250) | PDF p. 53 |
| Purchase of treasury shares (Note 20)Singapore dollars thousands | (2) | (85) | PDF p. 53 |
| Interest paidSingapore dollars thousands | (363) | (338) | PDF p. 53 |
| Net cash (used in)/generated from financing activitiesSingapore dollars thousands | (10,716) | 3,112 | PDF p. 53 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 3,414 | 51 | PDF p. 53 |
| Cash and cash equivalents at beginning of yearSingapore dollars thousands | 23,420 | 23,369 | PDF p. 53 |
| Cash and cash equivalents at end of year (Note 19)Singapore dollars thousands | 26,834 | 23,420 | PDF p. 53 |
Original report: PDF p. 53 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — original highlights | 2024Group — original highlights | 2023Group — original highlights | Source |
|---|---|---|---|---|
| Original financial highlights | ||||
| REVENUESingapore dollars millions | 177.4 | 195.4 | 170.6 | PDF p. 14 |
| PROFIT, NET OF TAXSingapore dollars millions | 6.1 | 10.9 | 8.6 | PDF p. 14 |
Original report: PDF p. 14 ↗
Original chart amounts are in Singapore dollar millions. Category names retain each report’s own segment definitions.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — original highlights | 2024Group — original highlights | 2023Group — original highlights | Source |
|---|---|---|---|---|
| Original financial highlights | ||||
| Pharmaceutical & Medical AestheticsSingapore dollars millions | 101.3 | 124.2 | 102.2 | PDF p. 14 |
| Proprietary BrandsSingapore dollars millions | 36.7 | 27.6 | 25.7 | PDF p. 14 |
| Digital Platform & E-PharmacySingapore dollars millions | 39.4 | 43.6 | 42.7 | PDF p. 14 |
Original report: PDF p. 14 ↗
Original chart amounts are in Singapore dollar millions. Category names retain each report’s own segment definitions.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — original highlights | 2024Group — original highlights | 2023Group — original highlights | Source |
|---|---|---|---|---|
| Original financial highlights | ||||
| SingaporeSingapore dollars millions | 93.2 | 90.9 | 85.0 | PDF p. 14 |
| VietnamSingapore dollars millions | 39.5 | 57.1 | 49.0 | PDF p. 14 |
| MalaysiaSingapore dollars millions | 27.4 | 25.8 | 17.2 | PDF p. 14 |
| OthersSingapore dollars millions | 17.3 | 21.6 | 19.4 | PDF p. 14 |
Original report: PDF p. 14 ↗
Original chart amounts are in Singapore dollar millions. Category names retain each report’s own segment definitions.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| EPS calculation inputs — Note12 | |||
| Profit attributable to owners of the CompanySingapore dollars thousands | 5,844 | 10,194 | PDF p. 74 |
| Basicthousand shares | 308,874 | 308,958 | PDF p. 74 |
| Dilutive share awards effectthousand shares | 5,854 | 5,854 | PDF p. 74 |
| Dilutedthousand shares | 314,728 | 314,812 | PDF p. 74 |
Original report: PDF p. 74 ↗
Share counts are in thousands; the dilution derives from performance share awards.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Dividends paid / proposed at year-end — Note13 | |||
| Final exempt (1-tier) dividends paid of 1.50 centsSingapore dollars thousands | 4,633 | 2,656 | PDF p. 74 |
| Final exempt (1-tier) dividends proposed of 1.50 centsSingapore dollars thousands | 4,633 | 4,633 | PDF p. 74 |
Original report: PDF p. 74 ↗
The paid column identifies the year in which payment occurred. Proposed dividends were not liabilities at the respective year-ends and were subject to shareholder approval at the annual report date.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group and Company — attributable dividend year | 2023Group and Company — attributable dividend year | Source |
|---|---|---|---|
| Paid dividend rate — attributable financial year | |||
| Final exempt (1-tier) dividendsSingapore cents per share | 1.50 | 0.86 | PDF p. 74 |
Original report: PDF p. 74 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company — attributable dividend year | 2024Group and Company — attributable dividend year | Source |
|---|---|---|---|
| Proposed dividend rate — respective financial year-end | |||
| Final exempt (1-tier) dividendsSingapore cents per share | 1.50 | 1.50 | PDF p. 74 |
Original report: PDF p. 74 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Plant and equipmentSingapore dollars thousands | 4,864 | 3,017 | 9 | 37 | PDF p. 92 |
| Intangible assetsSingapore dollars thousands | 23,575 | 19,072 | – | – | PDF p. 92 |
| Investments in subsidiariesSingapore dollars thousands | – | – | 19,886 | 19,886 | PDF p. 92 |
| Investment in an associateSingapore dollars thousands | – | 2,667 | – | – | PDF p. 92 |
| Deferred tax assetsSingapore dollars thousands | 172 | 61 | – | – | PDF p. 92 |
| Total non-current assetsSingapore dollars thousands | 28,611 | 24,817 | 19,895 | 19,923 | PDF p. 92 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 25,529 | 21,260 | – | – | PDF p. 92 |
| Trade and other receivablesSingapore dollars thousands | 41,110 | 31,106 | 18,841 | 20,678 | PDF p. 92 |
| PrepaymentsSingapore dollars thousands | 2,056 | 806 | 77 | 174 | PDF p. 92 |
| Other financial assetsSingapore dollars thousands | 90 | – | – | – | PDF p. 92 |
| Cash and cash equivalentsSingapore dollars thousands | 23,369 | 36,480 | 356 | 4,656 | PDF p. 92 |
| Total current assetsSingapore dollars thousands | 92,154 | 89,652 | 19,274 | 25,508 | PDF p. 92 |
| Total assetsSingapore dollars thousands | 120,765 | 114,469 | 39,169 | 45,431 | PDF p. 92 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 35,216 | 35,083 | 35,216 | 35,083 | PDF p. 92 |
| Retained earningsSingapore dollars thousands | 37,765 | 43,760 | 2,837 | 8,714 | PDF p. 92 |
| Other reservesSingapore dollars thousands | (9,995) | (9,816) | 35 | – | PDF p. 92 |
| Equity attributable to equity holders of the | |||||
| CompanySingapore dollars thousands | 62,986 | 69,027 | 38,088 | 43,797 | PDF p. 92 |
| Non-controlling interestsSingapore dollars thousands | 2,876 | 1,245 | – | – | PDF p. 92 |
| Total equitySingapore dollars thousands | 65,862 | 70,272 | 38,088 | 43,797 | PDF p. 92 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 1,253 | 793 | – | – | PDF p. 92 |
| Other financial liabilities, non-currentSingapore dollars thousands | 4,406 | 3,330 | – | – | PDF p. 92 |
| Total non-current liabilitiesSingapore dollars thousands | 5,659 | 4,123 | – | – | PDF p. 92 |
| Current liabilities | |||||
| Income tax payableSingapore dollars thousands | 2,535 | 2,657 | – | 14 | PDF p. 92 |
| Other financial liabilities, currentSingapore dollars thousands | 2,416 | 2,340 | – | – | PDF p. 92 |
| Trade and other payablesSingapore dollars thousands | 44,293 | 35,077 | 1,081 | 1,620 | PDF p. 92 |
| Total current liabilitiesSingapore dollars thousands | 49,244 | 40,074 | 1,081 | 1,634 | PDF p. 92 |
| Total liabilitiesSingapore dollars thousands | 54,903 | 44,197 | 1,081 | 1,634 | PDF p. 92 |
| Total equity and liabilitiesSingapore dollars thousands | 120,765 | 114,469 | 39,169 | 45,431 | PDF p. 92 |
Original report: PDF p. 92 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Consolidated profit and comprehensive income — FY2023 source | |||
| RevenueSingapore dollars thousands | 170,595 | 162,316 | PDF p. 91 |
| Cost of salesSingapore dollars thousands | (108,694) | (99,507) | PDF p. 91 |
| Gross profitSingapore dollars thousands | 61,901 | 62,809 | PDF p. 91 |
| Other income and gainsSingapore dollars thousands | 735 | 658 | PDF p. 91 |
| Distribution costsSingapore dollars thousands | (35,891) | (33,267) | PDF p. 91 |
| Administrative expensesSingapore dollars thousands | (14,125) | (14,561) | PDF p. 91 |
| Finance costsSingapore dollars thousands | (278) | (238) | PDF p. 91 |
| Other lossesSingapore dollars thousands | (2,322) | (1,584) | PDF p. 91 |
| Share of profit from an equity-accounted associateSingapore dollars thousands | 545 | 474 | PDF p. 91 |
| Profit before taxSingapore dollars thousands | 10,565 | 14,291 | PDF p. 91 |
| Income tax expenseSingapore dollars thousands | (1,985) | (2,882) | PDF p. 91 |
| Profit for the yearSingapore dollars thousands | 8,580 | 11,409 | PDF p. 91 |
| Items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translating foreign operations, net of taxSingapore dollars thousands | (189) | 96 | PDF p. 91 |
| Other comprehensive (loss) income for the year, net of taxSingapore dollars thousands | (189) | 96 | PDF p. 91 |
| Total comprehensive income for the yearSingapore dollars thousands | 8,391 | 11,505 | PDF p. 91 |
| Profit attributable to: Equity holders of the CompanySingapore dollars thousands | 8,568 | 11,351 | PDF p. 91 Label p. 91 |
| Non-controlling interestsSingapore dollars thousands | 12 | 58 | PDF p. 91 |
| Profit net of taxSingapore dollars thousands | 8,580 | 11,409 | PDF p. 91 |
| Total comprehensive income attributable to: | |||
| Equity holders of the CompanySingapore dollars thousands | 8,383 | 11,447 | PDF p. 91 |
| Non-controlling interestsSingapore dollars thousands | 8 | 58 | PDF p. 91 |
| Total comprehensive income for the yearSingapore dollars thousands | 8,391 | 11,505 | PDF p. 91 |
Original report: PDF p. 91 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Earnings per share currency unit | |||
| BasicSingapore cents per share | 2.77 | 3.68 | PDF p. 91 |
| DilutedSingapore cents per share | 2.77 | 3.66 | PDF p. 91 |
Original report: PDF p. 91 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — Share capital | 2023Group — Retained earnings | 2023Group — Other reserves | 2023Group — Equity attributable to owners | 2023Group — Non-controlling interests | 2023Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| Group | |||||||
| Current year: Opening balance at 1 January 2023Singapore dollars thousands | 35,083 | 43,760 | (9,816) | 69,027 | 1,245 | 70,272 | PDF p. 93 Label p. 93 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | – | 8,568 | (185) | 8,383 | 8 | 8,391 | PDF p. 93 Label p. 93 |
| Dividends paid (Note 13)Singapore dollars thousands | – | (14,563) | – | (14,563) | – | (14,563) | PDF p. 93 |
| Issue of shares pursuant to share awards under HSP (Note 21)Singapore dollars thousands | 133 | – | – | 133 | – | 133 | PDF p. 93 Label p. 93 |
| Share-based payments under HSP (Note 23A)Singapore dollars thousands | – | – | 35 | 35 | – | 35 | PDF p. 93 Label p. 93 |
| Issue of shares to non-controlling interests in subsidiaries (Note 16)Singapore dollars thousands | – | – | (29) | (29) | 319 | 290 | PDF p. 93 Label p. 93 |
| Arising from acquisition of a subsidiary (Notes 16 and 26)Singapore dollars thousands | – | – | – | – | 1,304 | 1,304 | PDF p. 93 Label p. 93 |
| Closing balance at 31 December 2023Singapore dollars thousands | 35,216 | 37,765 | (9,995) | 62,986 | 2,876 | 65,862 | PDF p. 93 |
Original report: PDF p. 93 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Share capital | 2022Group — Retained earnings | 2022Group — Other reserves | 2022Group — Equity attributable to owners | 2022Group — Non-controlling interests | 2022Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| Group | |||||||
| Previous year: Opening balance at 1 January 2022Singapore dollars thousands | 35,083 | 34,609 | (14,956) | 54,736 | – | 54,736 | PDF p. 93 Label p. 93 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | – | 11,351 | 96 | 11,447 | 58 | 11,505 | PDF p. 93 Label p. 93 |
| Dividends paid (Note 13)Singapore dollars thousands | – | (2,069) | – | (2,069) | – | (2,069) | PDF p. 93 |
| Issue of shares to non-controlling interests in subsidiary (Note 16)Singapore dollars thousands | – | (131) | 5,044 | 4,913 | 1,187 | 6,100 | PDF p. 93 Label p. 93 |
| Closing balance at 31 December 2022Singapore dollars thousands | 35,083 | 43,760 | (9,816) | 69,027 | 1,245 | 70,272 | PDF p. 93 |
Original report: PDF p. 93 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company — Share capital | 2023Company — Retained earnings | 2023Company — Other reserves | 2023Company — Total equity | Source |
|---|---|---|---|---|---|
| Company | |||||
| Current year: Opening balance at 1 January 2023Singapore dollars thousands | 35,083 | 8,714 | – | 43,797 | PDF p. 93 Label p. 93 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | – | 8,686 | – | 8,686 | PDF p. 93 Label p. 93 |
| Dividends paid (Note 13)Singapore dollars thousands | – | (14,563) | – | (14,563) | PDF p. 93 |
| Issue of shares pursuant to share awards under HSP (Note 21)Singapore dollars thousands | 133 | – | – | 133 | PDF p. 93 Label p. 93 |
| Share-based payments under HSP (Note 23A)Singapore dollars thousands | – | – | 35 | 35 | PDF p. 93 |
| Closing balance at 31 December 2023Singapore dollars thousands | 35,216 | 2,837 | 35 | 38,088 | PDF p. 93 |
Original report: PDF p. 93 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company — Share capital | 2022Company — Retained earnings | 2022Company — Other reserves | 2022Company — Total equity | Source |
|---|---|---|---|---|---|
| Company | |||||
| Previous year: Opening balance at 1 January 2022Singapore dollars thousands | 35,083 | 7,192 | – | 42,275 | PDF p. 93 Label p. 93 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | – | 3,591 | – | 3,591 | PDF p. 93 Label p. 93 |
| Dividends paid (Note 13)Singapore dollars thousands | – | (2,069) | – | (2,069) | PDF p. 93 |
| Closing balance at 31 December 2022Singapore dollars thousands | 35,083 | 8,714 | – | 43,797 | PDF p. 93 |
Original report: PDF p. 93 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before taxSingapore dollars thousands | 10,565 | 14,291 | PDF p. 94 |
| Adjustments for: | |||
| Amortisation of intangible assetsSingapore dollars thousands | 702 | 658 | PDF p. 94 |
| Depreciation of plant and equipmentSingapore dollars thousands | 2,096 | 2,064 | PDF p. 94 |
| Interest incomeSingapore dollars thousands | (341) | (42) | PDF p. 94 |
| Interest expenseSingapore dollars thousands | 278 | 238 | PDF p. 94 |
| (Gain) loss on disposal of plant and equipmentSingapore dollars thousands | (5) | 3 | PDF p. 94 |
| Fair value gain arising from remeasurement of interest in associate as a result of business combinationSingapore dollars thousands | (165) | – | PDF p. 94 Label p. 94 |
| Expenses in connection with acquisition of a subsidiarySingapore dollars thousands | 65 | – | PDF p. 94 |
| Share of profit from an equity-accounted associateSingapore dollars thousands | (545) | (474) | PDF p. 94 |
| Net effect of exchange rate changes in consolidating foreign operationsSingapore dollars thousands | (166) | 148 | PDF p. 94 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 12,484 | 16,886 | PDF p. 94 |
| Trade and other receivablesSingapore dollars thousands | (9,239) | (2,563) | PDF p. 94 |
| PrepaymentsSingapore dollars thousands | (1,130) | (167) | PDF p. 94 |
| InventoriesSingapore dollars thousands | (3,524) | 4,030 | PDF p. 94 |
| Trade and other payablesSingapore dollars thousands | 9,653 | 842 | PDF p. 94 |
| Net cash flows from operationsSingapore dollars thousands | 8,244 | 19,028 | PDF p. 94 |
| Income taxes paidSingapore dollars thousands | (2,599) | (2,151) | PDF p. 94 |
| Net cash flows from operating activitiesSingapore dollars thousands | 5,645 | 16,877 | PDF p. 94 |
| Cash flows from investing activities | |||
| Acquisition of a subsidiary, net of cash acquired (Note 26)Singapore dollars thousands | (751) | – | PDF p. 94 |
| Dividend received from an associateSingapore dollars thousands | 123 | 58 | PDF p. 94 |
| Consideration adjustment for acquisition of subsidiariesSingapore dollars thousands | – | 179 | PDF p. 94 |
| Proceeds from disposal of shares in an associateSingapore dollars thousands | – | 27 | PDF p. 94 |
| Purchase of plant and equipment (Notes 14 and 20A)Singapore dollars thousands | (304) | (558) | PDF p. 94 |
| Purchase of intangible assetsSingapore dollars thousands | (896) | (757) | PDF p. 94 |
| Proceeds from disposal of plant and equipmentSingapore dollars thousands | 7 | 2 | PDF p. 94 |
| Interest receivedSingapore dollars thousands | 341 | 42 | PDF p. 94 |
| Net cash flows used in investing activitiesSingapore dollars thousands | (1,480) | (1,007) | PDF p. 94 |
| Cash flows from financing activities | |||
| Dividends paid to equity ownersSingapore dollars thousands | (14,563) | (2,069) | PDF p. 94 |
| Payment of principal portion of lease liabilitiesSingapore dollars thousands | (1,185) | (1,024) | PDF p. 94 |
| Proceeds from borrowingsSingapore dollars thousands | – | 5,000 | PDF p. 94 |
| Repayment of borrowingsSingapore dollars thousands | (1,250) | (6,620) | PDF p. 94 |
| Issue of shares to non-controlling interests of a subsidiarySingapore dollars thousands | – | 6,100 | PDF p. 94 |
| Interest paidSingapore dollars thousands | (278) | (238) | PDF p. 94 |
| Net cash flows (used in) from financing activitiesSingapore dollars thousands | (17,276) | 1,149 | PDF p. 94 |
| Net (decrease) increase in cash and cash equivalentsSingapore dollars thousands | (13,111) | 17,019 | PDF p. 94 |
| Cash and cash equivalents, beginning balanceSingapore dollars thousands | 36,480 | 19,461 | PDF p. 94 |
| Cash and cash equivalents, ending balance (Note 20)Singapore dollars thousands | 23,369 | 36,480 | PDF p. 94 |
Original report: PDF p. 94 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group — restated comparative, Note26 | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Plant and equipmentSingapore dollars thousands | 3,017 | 4,408 | 37 | 79 | PDF p. 70 |
| Intangible assetsSingapore dollars thousands | 19,072 | 18,300 | – | – | PDF p. 70 |
| Investment in subsidiariesSingapore dollars thousands | – | – | 19,886 | 19,420 | PDF p. 70 |
| Investment in an associateSingapore dollars thousands | 2,667 | 2,306 | – | – | PDF p. 70 |
| Deferred tax assetsSingapore dollars thousands | 61 | 65 | – | – | PDF p. 70 |
| Total non-current assetsSingapore dollars thousands | 24,817 | 25,079 | 19,923 | 19,499 | PDF p. 70 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 21,260 | 25,290 | – | – | PDF p. 70 |
| Trade and other receivablesSingapore dollars thousands | 31,106 | 28,722 | 20,678 | 20,688 | PDF p. 70 |
| PrepaymentsSingapore dollars thousands | 806 | 639 | 174 | 80 | PDF p. 70 |
| Cash and cash equivalentsSingapore dollars thousands | 36,480 | 19,461 | 4,656 | 3,221 | PDF p. 70 |
| Total current assetsSingapore dollars thousands | 89,652 | 74,112 | 25,508 | 23,989 | PDF p. 70 |
| Total assetsSingapore dollars thousands | 114,469 | 99,191 | 45,431 | 43,488 | PDF p. 70 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 35,083 | 35,083 | 35,083 | 35,083 | PDF p. 70 |
| Retained earningsSingapore dollars thousands | 43,760 | 34,609 | 8,714 | 7,192 | PDF p. 70 |
| Other reservesSingapore dollars thousands | (9,816) | (14,956) | – | – | PDF p. 70 |
| Equity attributable to equity holders of the | |||||
| CompanySingapore dollars thousands | 69,027 | 54,736 | 43,797 | 42,275 | PDF p. 70 |
| Non-controlling interestsSingapore dollars thousands | 1,245 | – | – | – | PDF p. 70 |
| Total equitySingapore dollars thousands | 70,272 | 54,736 | 43,797 | 42,275 | PDF p. 70 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 793 | 1,018 | – | – | PDF p. 70 |
| Other fi nancial liabilities, non-currentSingapore dollars thousands | 3,330 | 880 | – | – | PDF p. 70 |
| Total non-current liabilitiesSingapore dollars thousands | 4,123 | 1,898 | – | – | PDF p. 70 |
| Current liabilities | |||||
| Income tax payableSingapore dollars thousands | 2,657 | 1,705 | 14 | 3 | PDF p. 70 |
| Trade and other payablesSingapore dollars thousands | 35,077 | 33,563 | 1,620 | 1,210 | PDF p. 70 |
| Other fi nancial liabilities, currentSingapore dollars thousands | 2,340 | 7,289 | – | – | PDF p. 70 |
| Total current liabilitiesSingapore dollars thousands | 40,074 | 42,557 | 1,634 | 1,213 | PDF p. 70 |
| Total liabilitiesSingapore dollars thousands | 44,197 | 44,455 | 1,634 | 1,213 | PDF p. 70 |
| Total equity and liabilitiesSingapore dollars thousands | 114,469 | 99,191 | 45,431 | 43,488 | PDF p. 70 |
Original report: PDF p. 70 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Consolidated profit and comprehensive income — FY2022 source | |||
| RevenueSingapore dollars thousands | 162,316 | 125,883 | PDF p. 69 |
| Cost of salesSingapore dollars thousands | (99,507) | (77,800) | PDF p. 69 |
| Gross profi tSingapore dollars thousands | 62,809 | 48,083 | PDF p. 69 |
| Other income and gainsSingapore dollars thousands | 658 | 964 | PDF p. 69 |
| Distribution costsSingapore dollars thousands | (33,267) | (28,394) | PDF p. 69 |
| Administrative expensesSingapore dollars thousands | (14,561) | (11,639) | PDF p. 69 |
| Finance costsSingapore dollars thousands | (238) | (95) | PDF p. 69 |
| Other lossesSingapore dollars thousands | (1,584) | (680) | PDF p. 69 |
| Share of profi t from an equity-accounted associateSingapore dollars thousands | 474 | 17 | PDF p. 69 |
| Profi t before taxSingapore dollars thousands | 14,291 | 8,256 | PDF p. 69 |
| Income tax expenseSingapore dollars thousands | (2,882) | (1,410) | PDF p. 69 |
| Profi t for the yearSingapore dollars thousands | 11,409 | 6,846 | PDF p. 69 |
| Items that may be reclassifi ed subsequently to profi t or loss: | |||
| Exchange diff erences on translating foreign operations, net of taxSingapore dollars thousands | 96 | 33 | PDF p. 69 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | 96 | 33 | PDF p. 69 |
| Total comprehensive income for the yearSingapore dollars thousands | 11,505 | 6,879 | PDF p. 69 |
| Profi t attributable to: Equity holders of the CompanySingapore dollars thousands | 11,351 | 6,846 | PDF p. 69 Label p. 69 |
| Non-controlling interestsSingapore dollars thousands | 58 | – | PDF p. 69 |
| Profi t net of taxSingapore dollars thousands | 11,409 | 6,846 | PDF p. 69 |
| Total comprehensive income attributable to: | |||
| Equity holders of the CompanySingapore dollars thousands | 11,447 | 6,879 | PDF p. 69 |
| Non-controlling interestsSingapore dollars thousands | 58 | – | PDF p. 69 |
| Total comprehensive income for the yearSingapore dollars thousands | 11,505 | 6,879 | PDF p. 69 |
Original report: PDF p. 69 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Earnings per share currency unit | |||
| BasicSingapore cents per share | 3.68 | 2.27 | PDF p. 69 |
| DilutedSingapore cents per share | 3.66 | 2.27 | PDF p. 69 |
Original report: PDF p. 69 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Total equity | 2022Group — Non-controlling interests | 2022Group — Equity attributable to owners | 2022Group — Share capital | 2022Group — Retained earnings | 2022Group — Other reserves | Source |
|---|---|---|---|---|---|---|---|
| Group | |||||||
| Current year: Opening balance at 1 January 2022Singapore dollars thousands | 54,736 | – | 54,736 | 35,083 | 34,609 | (14,956) | PDF p. 71 Label p. 71 |
| Changes in equity: Issue of share capital to non-controlling interests in subsidiary (Note 16)Singapore dollars thousands | 6,100 | 1,187 | 4,913 | – | (131) | 5,044 | PDF p. 71 Label p. 71 |
| Total comprehensive income for the yearSingapore dollars thousands | 11,505 | 58 | 11,447 | – | 11,351 | 96 | PDF p. 71 |
| Dividends paid (Note 13)Singapore dollars thousands | (2,069) | – | (2,069) | – | (2,069) | – | PDF p. 71 |
| Closing balance at 31 December 2022Singapore dollars thousands | 70,272 | 1,245 | 69,027 | 35,083 | 43,760 | (9,816) | PDF p. 71 |
Original report: PDF p. 71 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — restated — Total equity | 2021Group — restated — Non-controlling interests | 2021Group — restated — Equity attributable to owners | 2021Group — restated — Share capital | 2021Group — restated — Retained earnings | 2021Group — restated — Other reserves | Source |
|---|---|---|---|---|---|---|---|
| Group | |||||||
| Previous year (restated): Opening balance at 1 January 2021Singapore dollars thousands | 47,175 | – | 47,175 | 32,641 | 29,626 | (15,092) | PDF p. 71 Label p. 71 |
| Changes in equity: Issuance of new shares pursuant to acquisition of subsidiaries (as previously reported) (Notes 21 and 26)Singapore dollars thousands | 2,442 | – | 2,442 | 2,442 | – | – | PDF p. 71 Label p. 71 |
| Prior year adjustments (Note 26)Singapore dollars thousands | 103 | – | 103 | – | – | 103 | PDF p. 71 |
| Issuance of new shares pursuant to acquisition of subsidiaries (restated)Singapore dollars thousands | 2,545 | – | 2,545 | 2,442 | – | 103 | PDF p. 71 Label p. 71 |
| Total comprehensive income for the yearSingapore dollars thousands | 6,879 | – | 6,879 | – | 6,846 | 33 | PDF p. 71 |
| Dividends paid (Note 13)Singapore dollars thousands | (1,863) | – | (1,863) | – | (1,863) | – | PDF p. 71 |
| Closing balance at 31 December 2021 (restated)Singapore dollars thousands | 54,736 | – | 54,736 | 35,083 | 34,609 | (14,956) | PDF p. 71 Label p. 71 |
Original report: PDF p. 71 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company — Total equity | 2022Company — Share capital | 2022Company — Retained earnings | Source |
|---|---|---|---|---|
| Company | ||||
| Current year: Opening balance at 1 January 2022Singapore dollars thousands | 42,275 | 35,083 | 7,192 | PDF p. 71 Label p. 71 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 3,591 | – | 3,591 | PDF p. 71 Label p. 71 |
| Dividends paid (Note 13)Singapore dollars thousands | (2,069) | – | (2,069) | PDF p. 71 |
| Closing balance at 31 December 2022Singapore dollars thousands | 43,797 | 35,083 | 8,714 | PDF p. 71 |
Original report: PDF p. 71 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company — Total equity | 2021Company — Share capital | 2021Company — Retained earnings | Source |
|---|---|---|---|---|
| Company | ||||
| Previous year: Opening balance at 1 January 2021Singapore dollars thousands | 37,713 | 32,641 | 5,072 | PDF p. 71 Label p. 71 |
| Changes in equity: Issuance of new shares pursuant to acquisition of subsidiaries (Notes 21 and 26)Singapore dollars thousands | 2,442 | 2,442 | – | PDF p. 71 Label p. 71 |
| Total comprehensive income for the yearSingapore dollars thousands | 3,983 | – | 3,983 | PDF p. 71 |
| Dividends paid (Note 13)Singapore dollars thousands | (1,863) | – | (1,863) | PDF p. 71 |
| Closing balance at 31 December 2021Singapore dollars thousands | 42,275 | 35,083 | 7,192 | PDF p. 71 |
Original report: PDF p. 71 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Cash fl ows from operating activities | |||
| Profi t before taxSingapore dollars thousands | 14,291 | 8,256 | PDF p. 72 |
| Adjustments for: | |||
| Amortisation of intangible assetsSingapore dollars thousands | 658 | 427 | PDF p. 72 |
| Depreciation of plant and equipmentSingapore dollars thousands | 2,064 | 1,777 | PDF p. 72 |
| Interest incomeSingapore dollars thousands | (42) | (74) | PDF p. 72 |
| Interest expenseSingapore dollars thousands | 238 | 95 | PDF p. 72 |
| Loss on disposal of plant and equipmentSingapore dollars thousands | 3 | 2 | PDF p. 72 |
| Loss on disposal of subsidiarySingapore dollars thousands | – | 2 | PDF p. 72 |
| Expenses in connection with acquisition of subsidiariesSingapore dollars thousands | – | 415 | PDF p. 72 |
| Share of profi t of an equity-accounted associateSingapore dollars thousands | (474) | (17) | PDF p. 72 |
| Net eff ect of exchange rate changes in consolidating foreign operationsSingapore dollars thousands | 148 | 34 | PDF p. 72 |
| Operating cash fl ows before changes in working capitalSingapore dollars thousands | 16,886 | 10,917 | PDF p. 72 |
| Trade and other receivablesSingapore dollars thousands | (2,563) | (1,988) | PDF p. 72 |
| PrepaymentsSingapore dollars thousands | (167) | 20 | PDF p. 72 |
| InventoriesSingapore dollars thousands | 4,030 | (4,608) | PDF p. 72 |
| Trade and other payablesSingapore dollars thousands | 842 | 3,112 | PDF p. 72 |
| Net cash fl ows from operationsSingapore dollars thousands | 19,028 | 7,453 | PDF p. 72 |
| Income taxes paidSingapore dollars thousands | (2,151) | (1,415) | PDF p. 72 |
| Net cash fl ows from operating activitiesSingapore dollars thousands | 16,877 | 6,038 | PDF p. 72 |
| Cash fl ows from investing activities | |||
| Acquisition of subsidiaries, net of cash acquired (Note 26)Singapore dollars thousands | – | (14,156) | PDF p. 72 |
| Dividend received from an associateSingapore dollars thousands | 58 | – | PDF p. 72 |
| Consideration adjustment for acquisition of subsidiariesSingapore dollars thousands | 179 | – | PDF p. 72 |
| Proceeds from disposal of shares in an associateSingapore dollars thousands | 27 | – | PDF p. 72 |
| Down-payment for plant and equipmentSingapore dollars thousands | – | (139) | PDF p. 72 |
| Purchase of plant and equipment (Notes 14 and 20A)Singapore dollars thousands | (558) | (562) | PDF p. 72 |
| Purchase of intangible assetsSingapore dollars thousands | (757) | (134) | PDF p. 72 |
| Proceed from sale of plant and equipmentSingapore dollars thousands | 2 | – | PDF p. 72 |
| Interest receivedSingapore dollars thousands | 42 | 74 | PDF p. 72 |
| Net cash fl ows used in investing activitiesSingapore dollars thousands | (1,007) | (14,917) | PDF p. 72 |
| Cash fl ows from fi nancing activities | |||
| Dividends paid to equity ownersSingapore dollars thousands | (2,069) | (1,863) | PDF p. 72 |
| Payment of principal portion of lease liabilitiesSingapore dollars thousands | (1,024) | (905) | PDF p. 72 |
| Interest paidSingapore dollars thousands | (238) | (95) | PDF p. 72 |
| Proceeds from borrowingsSingapore dollars thousands | 5,000 | 4,243 | PDF p. 72 |
| Repayment of borrowingsSingapore dollars thousands | (6,620) | (566) | PDF p. 72 |
| Issue of shares to non-controlling interests of a subsidiarySingapore dollars thousands | 6,100 | – | PDF p. 72 |
| Net cash fl ows from fi nancing activitiesSingapore dollars thousands | 1,149 | 814 | PDF p. 72 |
| Net increase (decrease) in cash and cash equivalentsSingapore dollars thousands | 17,019 | (8,065) | PDF p. 72 |
| Cash and cash equivalents, statement of cash fl ows, beginning balanceSingapore dollars thousands | 19,461 | 27,526 | PDF p. 72 |
| Cash and cash equivalents, statement of cash fl ows, ending balance (Note 20)Singapore dollars thousands | 36,480 | 19,461 | PDF p. 72 |
Original report: PDF p. 72 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — original highlights | 2021Group — original highlights | 2020Group — original highlights | 2019Group — original highlights | 2018Group — original highlights | Source |
|---|---|---|---|---|---|---|
| Original financial highlights | ||||||
| REVENUESingapore dollars millions | 162.3 | 125.9 | 121.0 | 116.3 | 115.9 | PDF p. 16 |
| PROFIT, NET OF TAXSingapore dollars millions | 11.4 | 6.8 | 6.2 | 6.5 | 5.4 | PDF p. 16 |
Original report: PDF p. 16 ↗
Original chart amounts are in Singapore dollar millions. Category names retain each report’s own segment definitions.
* Restated for prior years: revenue FY2020 121.0*, FY2019 116.3*, FY2018 115.9*; Specialty Pharma Principals FY2020 62.0*, FY2019 62.0*, FY2018 64.4*; Vietnam FY2020 43.9*, FY2019 43.6*, FY2018 47.7*. Original markers are retained in cell evidence and this note.
^ FY2021 and FY2020 profit net of tax include JSS & COVID-related provision. # FY2018 profit 5.4# includes IPO expense of S$0.9 million.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — original highlights | 2021Group — original highlights | 2020Group — original highlights | 2019Group — original highlights | 2018Group — original highlights | Source |
|---|---|---|---|---|---|---|
| Original financial highlights | ||||||
| Specialty Pharma PrincipalsSingapore dollars millions | 95.7 | 65.6 | 62.0 | 62.0 | 64.4 | PDF p. 16 |
| Proprietary BrandsSingapore dollars millions | 23.4 | 19.1 | 18.1 | 14.5 | 13.2 | PDF p. 16 |
| Medical Hypermart & DigitalSingapore dollars millions | 43.2 | 41.2 | 40.9 | 39.8 | 38.3 | PDF p. 16 |
Original report: PDF p. 16 ↗
Original chart amounts are in Singapore dollar millions. Category names retain each report’s own segment definitions.
* Restated for prior years: revenue FY2020 121.0*, FY2019 116.3*, FY2018 115.9*; Specialty Pharma Principals FY2020 62.0*, FY2019 62.0*, FY2018 64.4*; Vietnam FY2020 43.9*, FY2019 43.6*, FY2018 47.7*. Original markers are retained in cell evidence and this note.
^ FY2021 and FY2020 profit net of tax include JSS & COVID-related provision. # FY2018 profit 5.4# includes IPO expense of S$0.9 million.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — original highlights | 2021Group — original highlights | 2020Group — original highlights | 2019Group — original highlights | 2018Group — original highlights | Source |
|---|---|---|---|---|---|---|
| Original financial highlights | ||||||
| SingaporeSingapore dollars millions | 84.5 | 64.1 | 60.8 | 57.5 | 53.9 | PDF p. 16 |
| VietnamSingapore dollars millions | 54.6 | 41.6 | 43.9 | 43.6 | 47.7 | PDF p. 16 |
| MalaysiaSingapore dollars millions | 15.1 | 10.6 | 7.9 | 8.0 | 7.7 | PDF p. 16 |
| OthersSingapore dollars millions | 8.1 | 9.6 | 8.4 | 7.2 | 6.6 | PDF p. 16 |
Original report: PDF p. 16 ↗
Original chart amounts are in Singapore dollar millions. Category names retain each report’s own segment definitions.
* Restated for prior years: revenue FY2020 121.0*, FY2019 116.3*, FY2018 115.9*; Specialty Pharma Principals FY2020 62.0*, FY2019 62.0*, FY2018 64.4*; Vietnam FY2020 43.9*, FY2019 43.6*, FY2018 47.7*. Original markers are retained in cell evidence and this note.
^ FY2021 and FY2020 profit net of tax include JSS & COVID-related provision. # FY2018 profit 5.4# includes IPO expense of S$0.9 million.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — restated | 2021Group — previously reported | Source |
|---|---|---|---|
| Novem purchase consideration — original / restated FY2021 — Note26 | |||
| Consideration transferred in cash (1)Singapore dollars thousands | 14,559 | 14,738 | PDF p. 111 |
| Shares issued, at fair valueSingapore dollars thousands | 2,545 | 2,442 | PDF p. 111 |
| Total consideration transferredSingapore dollars thousands | 17,104 | 17,180 | PDF p. 111 |
Original report: PDF p. 111 ↗
Completion accounts reduce cash consideration by179thousand. Share fair value is retrospectively adjusted to the transaction date, increasing Group capital reserves by103thousand. The original and restated Group assets/equity are retained side by side with explicit labels.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | 2021Company | 2020Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Plant and equipmentSingapore dollars thousands | 4,171 | 4,807 | 79 | 124 | PDF p. 53 |
| Intangible assetsSingapore dollars thousands | 20,150 | 7,890 | – | – | PDF p. 53 |
| Investment in subsidiariesSingapore dollars thousands | – | – | 19,420 | 19,220 | PDF p. 53 |
| Investment in an associateSingapore dollars thousands | 307 | – | – | – | PDF p. 53 |
| Deferred tax assetsSingapore dollars thousands | 65 | 47 | – | – | PDF p. 53 |
| Total non-current assetsSingapore dollars thousands | 24,693 | 12,744 | 19,499 | 19,344 | PDF p. 53 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 25,076 | 16,888 | – | – | PDF p. 53 |
| Trade and other receivablesSingapore dollars thousands | 28,543 | 23,736 | 20,688 | 5,569 | PDF p. 53 |
| PrepaymentsSingapore dollars thousands | 639 | 564 | 80 | 64 | PDF p. 53 |
| Cash and cash equivalentsSingapore dollars thousands | 19,461 | 27,526 | 3,221 | 13,449 | PDF p. 53 |
| Total current assetsSingapore dollars thousands | 73,719 | 68,714 | 23,989 | 19,082 | PDF p. 53 |
| Total assetsSingapore dollars thousands | 98,412 | 81,458 | 43,488 | 38,426 | PDF p. 53 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 35,083 | 32,641 | 35,083 | 32,641 | PDF p. 53 |
| Retained earningsSingapore dollars thousands | 34,609 | 29,626 | 7,192 | 5,072 | PDF p. 53 |
| Other reservesSingapore dollars thousands | (15,059) | (15,092) | – | – | PDF p. 53 |
| Total equitySingapore dollars thousands | 54,633 | 47,175 | 42,275 | 37,713 | PDF p. 53 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 342 | 409 | – | – | PDF p. 53 |
| Other fi nancial liabilities, non-currentSingapore dollars thousands | 880 | 3,558 | – | – | PDF p. 53 |
| Total non-current liabilitiesSingapore dollars thousands | 1,222 | 3,967 | – | – | PDF p. 53 |
| Current liabilities | |||||
| Income tax payableSingapore dollars thousands | 1,705 | 1,345 | 3 | 3 | PDF p. 53 |
| Trade and other payablesSingapore dollars thousands | 33,563 | 27,555 | 1,210 | 710 | PDF p. 53 |
| Other fi nancial liabilities, currentSingapore dollars thousands | 7,289 | 1,416 | – | – | PDF p. 53 |
| Total current liabilitiesSingapore dollars thousands | 42,557 | 30,316 | 1,213 | 713 | PDF p. 53 |
| Total liabilitiesSingapore dollars thousands | 43,779 | 34,283 | 1,213 | 713 | PDF p. 53 |
| Total equity and liabilitiesSingapore dollars thousands | 98,412 | 81,458 | 43,488 | 38,426 | PDF p. 53 |
Original report: PDF p. 53 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Consolidated profit and comprehensive income — FY2021 source | |||
| RevenueSingapore dollars thousands | 125,883 | 120,977 | PDF p. 52 |
| Cost of salesSingapore dollars thousands | (77,800) | (77,341) | PDF p. 52 |
| Gross profi tSingapore dollars thousands | 48,083 | 43,636 | PDF p. 52 |
| Other income and gainsSingapore dollars thousands | 964 | 2,295 | PDF p. 52 |
| Distribution costsSingapore dollars thousands | (28,394) | (26,523) | PDF p. 52 |
| Administrative expensesSingapore dollars thousands | (11,639) | (10,138) | PDF p. 52 |
| Finance costsSingapore dollars thousands | (95) | (110) | PDF p. 52 |
| Other lossesSingapore dollars thousands | (680) | (2,052) | PDF p. 52 |
| Share of profi t of an equity-accounted associateSingapore dollars thousands | 17 | – | PDF p. 52 |
| Profi t before taxSingapore dollars thousands | 8,256 | 7,108 | PDF p. 52 |
| Income tax expenseSingapore dollars thousands | (1,410) | (945) | PDF p. 52 |
| Profi t for the yearSingapore dollars thousands | 6,846 | 6,163 | PDF p. 52 |
| Items that may be reclassifi ed subsequently to profi t or loss: | |||
| Exchange diff erences on translating foreign operations, net of taxSingapore dollars thousands | 33 | (60) | PDF p. 52 |
| Other comprehensive income (loss) for the year, net of taxSingapore dollars thousands | 33 | (60) | PDF p. 52 |
| Total comprehensive incomeSingapore dollars thousands | 6,879 | 6,103 | PDF p. 52 |
Original report: PDF p. 52 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Earnings per share currency unit | |||
| BasicSingapore cents per share | 2.27 | 2.05 | PDF p. 52 |
| DilutedSingapore cents per share | 2.27 | 2.05 | PDF p. 52 |
Original report: PDF p. 52 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Total equity | 2021Group — Share capital | 2021Group — Retained earnings | 2021Group — Other reserves | Source |
|---|---|---|---|---|---|
| Group | |||||
| Current year: Opening balance at 1 January 2021Singapore dollars thousands | 47,175 | 32,641 | 29,626 | (15,092) | PDF p. 54 Label p. 54 |
| Changes in equity: Issuance of new shares pursuant to acquisition of subsidiaries (Notes 21 and 26)Singapore dollars thousands | 2,442 | 2,442 | – | – | PDF p. 54 Label p. 54 |
| Total comprehensive income for the yearSingapore dollars thousands | 6,879 | – | 6,846 | 33 | PDF p. 54 |
| Dividends paid (Note 13)Singapore dollars thousands | (1,863) | – | (1,863) | – | PDF p. 54 |
| Closing balance at 31 December 2021Singapore dollars thousands | 54,633 | 35,083 | 34,609 | (15,059) | PDF p. 54 |
Original report: PDF p. 54 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group — Total equity | 2020Group — Share capital | 2020Group — Retained earnings | 2020Group — Other reserves | Source |
|---|---|---|---|---|---|
| Group | |||||
| Previous year: Opening balance at 1 January 2020Singapore dollars thousands | 44,076 | 32,641 | 26,467 | (15,032) | PDF p. 54 Label p. 54 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 6,103 | – | 6,163 | (60) | PDF p. 54 Label p. 54 |
| Dividends paid (Note 13)Singapore dollars thousands | (3,004) | – | (3,004) | – | PDF p. 54 |
| Closing balance at 31 December 2020Singapore dollars thousands | 47,175 | 32,641 | 29,626 | (15,092) | PDF p. 54 |
Original report: PDF p. 54 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company — Total equity | 2021Company — Share capital | 2021Company — Retained earnings | Source |
|---|---|---|---|---|
| Company | ||||
| Current year: Opening balance at 1 January 2021Singapore dollars thousands | 37,713 | 32,641 | 5,072 | PDF p. 54 Label p. 54 |
| Changes in equity: Issuance of new shares pursuant to acquisition of subsidiaries (Notes 21 and 26)Singapore dollars thousands | 2,442 | 2,442 | – | PDF p. 54 Label p. 54 |
| Total comprehensive income for the yearSingapore dollars thousands | 3,983 | – | 3,983 | PDF p. 54 |
| Dividends paid (Note 13)Singapore dollars thousands | (1,863) | – | (1,863) | PDF p. 54 |
| Closing balance at 31 December 2021Singapore dollars thousands | 42,275 | 35,083 | 7,192 | PDF p. 54 |
Original report: PDF p. 54 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Company — Total equity | 2020Company — Share capital | 2020Company — Retained earnings | Source |
|---|---|---|---|---|
| Company | ||||
| Previous year: Opening balance at 1 January 2020Singapore dollars thousands | 37,553 | 32,641 | 4,912 | PDF p. 54 Label p. 54 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 3,164 | – | 3,164 | PDF p. 54 Label p. 54 |
| Dividends paid (Note 13)Singapore dollars thousands | (3,004) | – | (3,004) | PDF p. 54 |
| Closing balance at 31 December 2020Singapore dollars thousands | 37,713 | 32,641 | 5,072 | PDF p. 54 |
Original report: PDF p. 54 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Cash fl ows from operating activities | |||
| Profi t before taxSingapore dollars thousands | 8,256 | 7,108 | PDF p. 55 |
| Adjustments for: | |||
| Amortisation of intangible assetsSingapore dollars thousands | 427 | 401 | PDF p. 55 |
| Depreciation of plant and equipmentSingapore dollars thousands | 1,777 | 1,680 | PDF p. 55 |
| Interest incomeSingapore dollars thousands | (74) | (180) | PDF p. 55 |
| Interest expenseSingapore dollars thousands | 95 | 110 | PDF p. 55 |
| Loss (gain) on disposal of plant and equipmentSingapore dollars thousands | 2 | (4) | PDF p. 55 |
| Loss on disposal of subsidiarySingapore dollars thousands | 2 | – | PDF p. 55 |
| Expenses in connection with acquisition of subsidiariesSingapore dollars thousands | 415 | – | PDF p. 55 |
| Share of profi t of an equity-accounted associateSingapore dollars thousands | (17) | – | PDF p. 55 |
| Net eff ect of exchange rate changes in consolidating foreign operationsSingapore dollars thousands | 34 | (114) | PDF p. 55 |
| Operating cash fl ows before changes in working capitalSingapore dollars thousands | 10,917 | 9,001 | PDF p. 55 |
| Trade and other receivablesSingapore dollars thousands | (1,988) | (767) | PDF p. 55 |
| PrepaymentsSingapore dollars thousands | 20 | (198) | PDF p. 55 |
| InventoriesSingapore dollars thousands | (4,608) | (5,457) | PDF p. 55 |
| Trade and other payablesSingapore dollars thousands | 3,112 | 2,612 | PDF p. 55 |
| Net cash fl ows from operationsSingapore dollars thousands | 7,453 | 5,191 | PDF p. 55 |
| Income taxes paidSingapore dollars thousands | (1,415) | (1,061) | PDF p. 55 |
| Net cash fl ows from operating activitiesSingapore dollars thousands | 6,038 | 4,130 | PDF p. 55 |
| Cash fl ows from investing activities | |||
| Acquisition of subsidiaries, net of cash acquired (Note 26)Singapore dollars thousands | (14,156) | – | PDF p. 55 |
| Down-payment for plant and equipmentSingapore dollars thousands | (139) | – | PDF p. 55 |
| Purchase of plant and equipment (Notes 14 and 20A)Singapore dollars thousands | (562) | (371) | PDF p. 55 |
| Purchase of intangible assetsSingapore dollars thousands | (134) | (829) | PDF p. 55 |
| Proceed from sale of plant and equipmentSingapore dollars thousands | – | 7 | PDF p. 55 |
| Interest receivedSingapore dollars thousands | 74 | 180 | PDF p. 55 |
| Net cash fl ows used in investing activitiesSingapore dollars thousands | (14,917) | (1,013) | PDF p. 55 |
| Cash fl ows from fi nancing activities | |||
| Dividends paid to equity ownersSingapore dollars thousands | (1,863) | (3,004) | PDF p. 55 |
| Payment of principal portion of lease liabilitiesSingapore dollars thousands | (905) | (783) | PDF p. 55 |
| Interest paidSingapore dollars thousands | (95) | (110) | PDF p. 55 |
| Proceeds from borrowingsSingapore dollars thousands | 4,243 | 2,441 | PDF p. 55 |
| Repayment of borrowingsSingapore dollars thousands | (566) | (300) | PDF p. 55 |
| Net cash fl ows from (used in) fi nancing activitiesSingapore dollars thousands | 814 | (1,756) | PDF p. 55 |
| Net (decrease) increase in cash and cash equivalentsSingapore dollars thousands | (8,065) | 1,361 | PDF p. 55 |
| Cash and cash equivalents, statement of cash fl ows, beginning balanceSingapore dollars thousands | 27,526 | 26,165 | PDF p. 55 |
| Cash and cash equivalents, statement of cash fl ows, ending balance (Note 20)Singapore dollars thousands | 19,461 | 27,526 | PDF p. 55 |
Original report: PDF p. 55 ↗
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.
Financial years end on 31 December. Monetary amounts are Singapore dollar thousands and EPS is Singapore cents per share. Consolidated profit, comprehensive income and cash flows, plus Group / Company financial position and changes in equity, are printed. Separate Company primary income, comprehensive income and cash flow statements are not printed.
Original chart amounts are in Singapore dollar millions. Category names retain each report’s own segment definitions.
The current report’s highlights span FY2023–FY2025; the FY2022 report separately provides a five-year FY2018–FY2022 summary. Full primary comparison statements cover FY2020–FY2025, with the original FY2021 and subsequent restatement both retained.
Share buy-back appendix financial impacts are hypothetical scenarios and are excluded from actual historical financial tables. Bank capital and REIT distribution ratios are not applicable to this pharmaceutical business.
* Restated for prior years: revenue FY2020 121.0*, FY2019 116.3*, FY2018 115.9*; Specialty Pharma Principals FY2020 62.0*, FY2019 62.0*, FY2018 64.4*; Vietnam FY2020 43.9*, FY2019 43.6*, FY2018 47.7*. Original markers are retained in cell evidence and this note.
^ FY2021 and FY2020 profit net of tax include JSS & COVID-related provision. # FY2018 profit 5.4# includes IPO expense of S$0.9 million.
FY2021 Group financial position and equity were explicitly restated in FY2022 after finalising Novem purchase price allocation. Original FY2021 Group total assets98,412and equity54,633 differ from restated99,191and54,736. No correction to the original report is inferred.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.