Annual Report 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Continuing operations | |||
| Revenue$’000 | 269 | 22,428 | PDF p. 75 |
| Cost of sales$’000 | (87) | (22,425) | PDF p. 75 |
| Gross profit$’000 | 182 | 3 | PDF p. 75 |
| Other operating income$’000 | 6,840 | 4,037 | PDF p. 75 |
| Administrative expenses$’000 | (11,944) | (7,264) | PDF p. 75 |
| Other operating expenses$’000 | (15,543) | (14,823) | PDF p. 75 |
| Loss from operating activities$’000 | (20,465) | (18,047) | PDF p. 75 |
| Finance income$’000 | 1,507 | 2,183 | PDF p. 75 |
| Finance costs$’000 | (21) | (18) | PDF p. 75 |
| Net finance income$’000 | 1,486 | 2,165 | PDF p. 75 |
| Share of results of associates (net of tax)$’000 | 874 | 208 | PDF p. 75 |
| Loss before tax$’000 | (18,105) | (15,674) | PDF p. 75 |
| Tax (expense)/credit$’000 | (320) | 14 | PDF p. 75 |
| Loss from continuing operations, net of tax$’000 | (18,425) | (15,660) | PDF p. 75 |
| Discontinued operations | |||
| Loss from discontinued operations, net of tax$’000 | – | (2,188) | PDF p. 75 |
| Loss for the year$’000 | (18,425) | (17,848) | PDF p. 75 |
| Other comprehensive income/(loss); items that may be reclassified subsequently to profit or loss | |||
| Foreign currency translation differences relating to foreign operations, net of nil tax$’000 | (489) | 411 | PDF p. 75 |
| Other comprehensive income/(loss); items that will not be reclassified subsequently to profit or loss | |||
| Foreign currency translation differences relating to foreign operations, net of nil tax$’000 | 34 | (96) | PDF p. 75 |
| Fair value loss on other investments at FVOCI$’000 | (112) | (137) | PDF p. 75 |
| Other comprehensive income/(loss) | |||
| Other comprehensive (loss)/income for the year, net of nil tax$’000 | (567) | 178 | PDF p. 75 |
| Total comprehensive loss for the year$’000 | (18,992) | (17,670) | PDF p. 75 |
| Loss for the year attributable to; Owners of the Company | |||
| Loss from continuing operations$’000 | (18,405) | (15,616) | PDF p. 75 |
| Loss from discontinued operations$’000 | – | (1,593) | PDF p. 75 |
| Loss for the year attributable to; Owners of the Company subtotal | |||
| Subtotal$’000 | (18,405) | (17,209) | PDF p. 75 |
| Loss for the year attributable to; Non-controlling interests | |||
| Loss from continuing operations$’000 | (20) | (44) | PDF p. 75 |
| Loss from discontinued operations$’000 | – | (595) | PDF p. 75 |
| Loss for the year attributable to; Non-controlling interests subtotal | |||
| Subtotal$’000 | (20) | (639) | PDF p. 75 |
| Loss for the year attributable to subtotal | |||
| Subtotal$’000 | (18,425) | (17,848) | PDF p. 75 |
| Total comprehensive loss attributable to | |||
| Owners of the Company$’000 | (19,006) | (16,935) | PDF p. 75 |
| Non-controlling interests$’000 | 14 | (735) | PDF p. 75 |
| Total comprehensive loss for the year$’000 | (18,992) | (17,670) | PDF p. 75 |
| Loss per share attributable to owners of the Company | |||
| Basic and dilutedcents per share | (0.53) | (0.50) | PDF p. 75 |
| Loss per share attributable to owners of the Company - Continuing operations | |||
| Basic and dilutedcents per share | (0.53) | (0.45) | PDF p. 75 |
Original report: PDF p. 75 ↗
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Assets; Non-Current Assets | |||||
| Property, plant and equipment$’000 | 1,014 | 1,102 | 3 | 38 | PDF p. 74 |
| Right-of-use assets$’000 | 818 | 895 | 432 | 709 | PDF p. 74 |
| Investment in subsidiaries$’000 | – | – | 420 | 201 | PDF p. 74 |
| Investment in associates$’000 | 4,288 | 9,478 | 4,277 | 5,765 | PDF p. 74 |
| Other investments$’000 | 300 | 443 | – | – | PDF p. 74 |
| Financial assets$’000 | – | 1,401 | – | 1,401 | PDF p. 74 |
| Other receivables$’000 | 17,736 | 24,525 | – | 6,922 | PDF p. 74 |
| Assets; Non-Current Assets subtotal | |||||
| Subtotal$’000 | 24,156 | 37,844 | 5,132 | 15,036 | PDF p. 74 |
| Assets; Current Assets | |||||
| Other investments$’000 | – | 8 | – | – | PDF p. 74 |
| Financial assets$’000 | 21,283 | 12,031 | 20,808 | 10,667 | PDF p. 74 |
| Inventories$’000 | 3 | – | – | – | PDF p. 74 |
| Trade and other receivables$’000 | 9,920 | 17,480 | 37,147 | 35,073 | PDF p. 74 |
| Prepaid operating expenses$’000 | 131 | 87 | 48 | 62 | PDF p. 74 |
| Bank deposits pledged$’000 | 139 | 147 | – | – | PDF p. 74 |
| Cash and bank deposits$’000 | 21,566 | 26,188 | 12,457 | 21,206 | PDF p. 74 |
| Assets; Current Assets subtotal | |||||
| Subtotal$’000 | 53,042 | 55,941 | 70,460 | 67,008 | PDF p. 74 |
| Assets | |||||
| Total Assets$’000 | 77,198 | 93,785 | 75,592 | 82,044 | PDF p. 74 |
| Equity | |||||
| Share capital$’000 | 213,470 | 213,470 | 213,470 | 213,470 | PDF p. 74 |
| Capital reserve$’000 | 17,959 | 17,931 | – | – | PDF p. 74 |
| Merger reserve$’000 | 3,714 | 3,714 | 898 | 898 | PDF p. 74 |
| Fair value reserve$’000 | (331) | (219) | – | – | PDF p. 74 |
| Foreign currency translation reserve$’000 | 708 | 1,197 | – | – | PDF p. 74 |
| Accumulated losses$’000 | (171,036) | (152,631) | (146,625) | (138,941) | PDF p. 74 |
| Equity attributable to owners of the Company$’000 | 64,484 | 83,462 | 67,743 | 75,427 | PDF p. 74 |
| Non-controlling interests$’000 | (652) | (772) | – | – | PDF p. 74 |
| Total Equity$’000 | 63,832 | 82,690 | 67,743 | 75,427 | PDF p. 74 |
| Liabilities; Non-Current Liabilities | |||||
| Lease liabilities$’000 | 268 | 271 | 93 | 271 | PDF p. 74 |
| Liabilities; Non-Current Liabilities subtotal | |||||
| Subtotal$’000 | 268 | 271 | 93 | 271 | PDF p. 74 |
| Liabilities; Current Liabilities | |||||
| Derivative liabilities$’000 | 175 | – | 175 | – | PDF p. 74 |
| Lease liabilities$’000 | 418 | 465 | 179 | 273 | PDF p. 74 |
| Trade and other payables$’000 | 12,200 | 10,359 | 7,402 | 6,073 | PDF p. 74 |
| Income tax payable$’000 | 305 | – | – | – | PDF p. 74 |
| Liabilities; Current Liabilities subtotal | |||||
| Subtotal$’000 | 13,098 | 10,824 | 7,756 | 6,346 | PDF p. 74 |
| Liabilities | |||||
| Total Liabilities$’000 | 13,366 | 11,095 | 7,849 | 6,617 | PDF p. 74 |
| Total Equity and Liabilities$’000 | 77,198 | 93,785 | 75,592 | 82,044 | PDF p. 74 |
Original report: PDF p. 74 ↗
*Less than $1,000
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Continuing operations | |||
| Revenue$’000 | 269 | 22,428 | PDF p. 75 |
| Cost of sales$’000 | (87) | (22,425) | PDF p. 75 |
| Gross profit$’000 | 182 | 3 | PDF p. 75 |
| Other operating income$’000 | 6,840 | 4,037 | PDF p. 75 |
| Administrative expenses$’000 | (11,944) | (7,264) | PDF p. 75 |
| Other operating expenses$’000 | (15,543) | (14,823) | PDF p. 75 |
| Loss from operating activities$’000 | (20,465) | (18,047) | PDF p. 75 |
| Finance income$’000 | 1,507 | 2,183 | PDF p. 75 |
| Finance costs$’000 | (21) | (18) | PDF p. 75 |
| Net finance income$’000 | 1,486 | 2,165 | PDF p. 75 |
| Share of results of associates (net of tax)$’000 | 874 | 208 | PDF p. 75 |
| Loss before tax$’000 | (18,105) | (15,674) | PDF p. 75 |
| Tax (expense)/credit$’000 | (320) | 14 | PDF p. 75 |
| Loss from continuing operations, net of tax$’000 | (18,425) | (15,660) | PDF p. 75 |
| Discontinued operations | |||
| Loss from discontinued operations, net of tax$’000 | – | (2,188) | PDF p. 75 |
| Profit or loss | |||
| Loss for the year$’000 | (18,425) | (17,848) | PDF p. 75 |
| Other comprehensive income/(loss): items that may be reclassified subsequently to profit or loss | |||
| Foreign currency translation differences relating to foreign operations, net of nil tax$’000 | (489) | 411 | PDF p. 75 |
| Other comprehensive income/(loss): items that will not be reclassified subsequently to profit or loss | |||
| Foreign currency translation differences relating to foreign operations, net of nil tax$’000 | 34 | (96) | PDF p. 75 |
| Fair value loss on other investments at FVOCI$’000 | (112) | (137) | PDF p. 75 |
| Other comprehensive income/(loss) | |||
| Other comprehensive (loss)/income for the year, net of nil tax$’000 | (567) | 178 | PDF p. 75 |
| Comprehensive income | |||
| Total comprehensive loss for the year$’000 | (18,992) | (17,670) | PDF p. 75 |
| Loss for the year attributable to: Owners of the Company | |||
| Loss from continuing operations$’000 | (18,405) | (15,616) | PDF p. 75 |
| Loss from discontinued operations$’000 | – | (1,593) | PDF p. 75 |
| Loss for the year attributable | |||
| Owners of the Company, total$’000 | (18,405) | (17,209) | PDF p. 75 |
| Loss for the year attributable to: Non-controlling interests | |||
| Loss from continuing operations$’000 | (20) | (44) | PDF p. 75 |
| Loss from discontinued operations$’000 | – | (595) | PDF p. 75 |
| Loss for the year attributable | |||
| Non-controlling interests, total$’000 | (20) | (639) | PDF p. 75 |
| Loss for the year, total$’000 | (18,425) | (17,848) | PDF p. 75 |
| Total comprehensive loss attributable | |||
| Owners of the Company$’000 | (19,006) | (16,935) | PDF p. 75 |
| Non-controlling interests$’000 | 14 | (735) | PDF p. 75 |
| Total comprehensive loss for the year$’000 | (18,992) | (17,670) | PDF p. 75 |
| Loss per share attributable to owners of the Company | |||
| Basic and dilutedcents per share | (0.53) | (0.50) | PDF p. 75 |
| Loss per share attributable to owners of the Company - Continuing operations | |||
| Basic and dilutedcents per share | (0.53) | (0.45) | PDF p. 75 |
Original report: PDF p. 75 ↗
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Loss before tax, continuing operations$’000 | (18,105) | (15,674) | PDF p. 78 |
| Loss before tax, discontinued operations$’000 | – | (2,188) | PDF p. 78 |
| Loss before tax, subtotal$’000 | (18,105) | (17,862) | PDF p. 78 |
| Adjustments for operating activities | |||
| Bad debts written off$’000 | 124 | 272 | PDF p. 78 |
| Depreciation of property, plant and equipment$’000 | 109 | 166 | PDF p. 78 |
| Depreciation of right-of-use assets$’000 | 448 | 667 | PDF p. 78 |
| Expected credit losses recognised on trade and other receivables$’000 | 1,454 | 8,959 | PDF p. 78 |
| Fair value loss on other investments at FVTPL$’000 | – | 258 | PDF p. 78 |
| Fair value loss on promissory notes at FVTPL$’000 | 789 | 4,555 | PDF p. 78 |
| Fair value loss on convertible promissory notes at FVTPL$’000 | – | 149 | PDF p. 78 |
| Fair value loss on derivative liabilities$’000 | 175 | – | PDF p. 78 |
| Finance income$’000 | (1,507) | (2,262) | PDF p. 78 |
| Finance costs$’000 | 21 | 172 | PDF p. 78 |
| Impairment loss recognised on associates$’000 | 5,711 | – | PDF p. 78 |
| Impairment loss recognised on property, plant and equipment$’000 | – | 138 | PDF p. 78 |
| Impairment loss recognised on right-of-use assets$’000 | – | 98 | PDF p. 78 |
| Loss on disposal of property, plant and equipment$’000 | – | 24 | PDF p. 78 |
| Net fair value loss/(gain) on equity securities at FVTPL$’000 | 3,164 | (1,491) | PDF p. 78 |
| Net unrealised (gain)/loss on foreign exchange$’000 | 3,158 | (905) | PDF p. 78 |
| Share of results of associates (net of tax)$’000 | (874) | (188) | PDF p. 78 |
| Withholding tax expenses$’000 | 194 | 401 | PDF p. 78 |
| Cash Flows from Operating Activities | |||
| Operating results before working capital changes$’000 | (5,139) | (6,849) | PDF p. 78 |
| Working capital changes | |||
| Change in properties for sales$’000 | – | 22,994 | PDF p. 78 |
| Change in inventories$’000 | – | 1 | PDF p. 78 |
| Change in trade and other receivables$’000 | 9,590 | (5,137) | PDF p. 78 |
| Change in prepaid operating expenses$’000 | (44) | 101 | PDF p. 78 |
| Change in trade and other payables$’000 | 1,297 | 4,019 | PDF p. 78 |
| Cash Flows from Operating Activities | |||
| Cash generated from operating activities$’000 | 5,704 | 15,129 | PDF p. 78 |
| Tax paid$’000 | (12) | – | PDF p. 78 |
| Net cash from operating activities$’000 | 5,692 | 15,129 | PDF p. 78 |
| Cash Flows from Investing Activities | |||
| Acquisition of associates$’000 | (4) | – | PDF p. 78 |
| Repayments from/(advances granted to) associates$’000 | 305 | (7,315) | PDF p. 78 |
| Interest received$’000 | 215 | 597 | PDF p. 78 |
| Loans granted to an external party$’000 | (33) | (1,526) | PDF p. 78 |
| Net cash inflows arising from acquisition of subsidiaries$’000 | 661 | 2,686 | PDF p. 78 |
| Net cash outflows arising from disposal of subsidiaries$’000 | – | (9,203) | PDF p. 78 |
| Proceeds from disposal of property, plant and equipment$’000 | – | 3 | PDF p. 78 |
| Proceeds from disposal of investment securities$’000 | 51,119 | 45,714 | PDF p. 78 |
| Purchase of investment securities$’000 | (62,923) | (49,342) | PDF p. 78 |
| Purchase of convertible promissory notes$’000 | – | (1,145) | PDF p. 78 |
| Purchase of other investments$’000 | – | (19) | PDF p. 78 |
| Purchase of property, plant and equipment$’000 | (70) | (13) | PDF p. 78 |
| Redemption of promissory notes$’000 | – | 85 | PDF p. 78 |
| Repayments from related parties$’000 | 629 | 658 | PDF p. 78 |
| Net cash used in investing activities$’000 | (10,101) | (18,820) | PDF p. 78 |
| Cash Flows from Financing Activities | |||
| Changes in bank deposits pledged$’000 | 8 | (5) | PDF p. 78 |
| Interest paid$’000 | (3) | – | PDF p. 78 |
| Issuance of promissory notes$’000 | – | 1,425 | PDF p. 78 |
| Principal element of lease payment$’000 | (420) | (749) | PDF p. 78 |
| Repayment of lease interest$’000 | (18) | (25) | PDF p. 78 |
| Net cash (used in)/from financing activities$’000 | (433) | 646 | PDF p. 78 |
| Cash Flows | |||
| Net decrease in cash and cash equivalents$’000 | (4,842) | (3,045) | PDF p. 79 |
| Effect of exchange rate changes on cash and cash equivalents$’000 | 220 | 375 | PDF p. 79 |
| Cash and cash equivalents at beginning of year$’000 | 26,188 | 28,858 | PDF p. 79 |
| Cash and cash equivalents at end of year$’000 | 21,566 | 26,188 | PDF p. 79 |
Original report: PDF p. 78 ↗ PDF p. 79 ↗
The cash flow statement continues onto physical page 79; the listed rows complete the primary statement. Note A is a financing activities reconciliation schedule with columns for Bank deposits pledged, Lease liabilities, Non-trade amounts due to ultimate holding company, Promissory notes payable, and Total, each in $’000. Full schedule table is not reproduced here; the primary statement concludes with the four cash and cash equivalent reconciliation rows shown above.
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; total operations | 2024Group; total operations | Source |
|---|---|---|---|
| Per-share data | |||
| Loss per share attributable to owners of the Company (cents per share) - Basic and dilutedcents per share | (0.53) | (0.50) | PDF p. 75 |
| Per-share data; continuing operations | |||
| Loss per share attributable to owners of the Company - Continuing operations (cents per share) - Basic and dilutedcents per share | (0.53) | (0.45) | PDF p. 75 |
Original report: PDF p. 75 ↗
The Group states that basic and diluted loss per share are calculated by dividing the loss for the year attributable to owners of the Company by the weighted average number of ordinary shares.
The Group states that diluted loss per share is the same as basic loss per share because there were no potential dilutive ordinary shares at the end of the financial year.
The Company states that it recorded a net loss and consequently, no dividend was declared or recommended for FY2025. The report says it has no fixed dividend policy.
No five-year summary or bank/REIT-specific ratio data was located in the inspected pages.
Where the money comes from
| Item / unit | 2025Property development, continuing operations | 2025Investment business, continuing operations | 2025Food and Beverage, continuing operations | 2025Corporate and others, continuing operations | 2025Total | Source |
|---|---|---|---|---|---|---|
| Segment results | ||||||
| Revenue$'000 | 49 | – | 220 | – | 269 | PDF p. 128 |
| Segment loss from operation$'000 | (7,790) | (763) | 39 | (11,951) | (20,465) | PDF p. 128 |
| Finance income$'000 | 1,069 | 6 | – | 432 | 1,507 | PDF p. 128 |
| Finance costs$'000 | – | (7) | (1) | (13) | (21) | PDF p. 128 |
| Segment profit/(loss) before tax$'000 | (6,721) | (764) | 38 | (11,532) | (18,979) | PDF p. 128 |
| Share of results of associates$'000 | – | – | – | 874 | 874 | PDF p. 128 |
| Other material items of income and expense | ||||||
| - Bad debts written off$'000 | – | (124) | – | – | (124) | PDF p. 128 |
| - Depreciation of right-of-use assets$'000 | (87) | (52) | (32) | (277) | (448) | PDF p. 128 |
| Assets and liabilities | ||||||
| Reportable segment assets$'000 | 24,569 | 4,759 | 908 | 42,674 | 72,910 | PDF p. 128 |
| Investment in associates$'000 | – | 11 | – | 4,277 | 4,288 | PDF p. 128 |
| Capital expenditures$'000 | (1) | (69) | – | – | (70) | PDF p. 128 |
| Reportable segment liabilities$'000 | 1,939 | 1,499 | 220 | 9,708 | 13,366 | PDF p. 128 |
Units $'000. Header: Continuing operations; Property development, Investment business, Food and Beverage, Corporate and others, Total; 31 December 2025.
| Item / unit | 2024Property development, continuing operations | 2024Investment business, continuing operations | 2024Corporate and others, continuing operations | 2024Biomedical, discontinued operations | 2024Food and Beverage, discontinued operations | 2024Property investment, discontinued operations | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|
| Segment results | ||||||||
| Revenue$'000 | 22,428 | – | – | – | 1,503 | – | 23,931 | PDF p. 129 |
| Segment loss from operation$'000 | (2,037) | (1,860) | (14,150) | – | (2,093) | – | (20,140) | PDF p. 129 |
| Finance income$'000 | 1,099 | 4 | 1,080 | – | 79 | – | 2,262 | PDF p. 129 |
| Finance costs$'000 | – | (2) | (16) | – | (154) | – | (172) | PDF p. 129 |
| Segment loss before tax$'000 | (938) | (1,858) | (13,086) | – | (2,168) | – | (18,050) | PDF p. 129 |
| Share of results of associates$'000 | – | – | 208 | – | (20) | – | 188 | PDF p. 129 |
| Assets and liabilities | ||||||||
| Reportable segment assets$'000 | 34,539 | 3,909 | 45,859 | – | – | – | 84,307 | PDF p. 129 |
| Investment in associates$'000 | – | 10 | 9,468 | – | – | – | 9,478 | PDF p. 129 |
| Capital expenditures$'000 | (2) | – | (2) | – | (9) | – | (13) | PDF p. 129 |
| Reportable segment liabilities$'000 | 2,504 | 167 | 8,424 | – | – | – | 11,095 | PDF p. 129 |
Units $'000. Column order as printed: Property development, Investment business, Corporate and others (continuing); Biomedical, Food and Beverage, Property investment (discontinued); Total.
| Item / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Revenues | |||
| Total revenue for reportable segments$'000 | 269 | 23,931 | PDF p. 130 |
| Elimination of discontinued operations$'000 | – | (1,503) | PDF p. 130 |
| Consolidated revenue$'000 | 269 | 22,428 | PDF p. 130 |
| Loss before tax | |||
| Total loss before tax for reportable segments$'000 | (7,447) | (4,964) | PDF p. 130 |
| Loss before tax for corporate and other segments$'000 | (11,532) | (13,086) | PDF p. 130 |
| Share of results of associates$'000 | 874 | 208 | PDF p. 130 |
| Consolidated loss before tax from continuing operations$'000 | (18,105) | (15,674) | PDF p. 130 |
| Assets | |||
| Total assets for reportable segments$'000 | 30,236 | 38,448 | PDF p. 130 |
| Assets for corporate and other segments$'000 | 42,674 | 45,859 | PDF p. 130 |
| Investment in associates$'000 | 4,288 | 9,478 | PDF p. 130 |
| Consolidated total assets$'000 | 77,198 | 93,785 | PDF p. 130 |
| Liabilities | |||
| Total liabilities for reportable segments$'000 | 3,658 | 2,671 | PDF p. 130 |
| Liabilities corporate and other segments$'000 | 9,708 | 8,424 | PDF p. 130 |
| Consolidated total liabilities$'000 | 13,366 | 11,095 | PDF p. 130 |
Units $'000.
| Item / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Revenue | |||
| Singapore$'000 | 220 | 1,423 | PDF p. 131 |
| United States of America$'000 | 49 | 22,428 | PDF p. 131 |
| Others$'000 | – | 80 | PDF p. 131 |
| Exclude discontinued operations$'000 | – | (1,503) | PDF p. 131 |
| Consolidated revenue$'000 | 269 | 22,428 | PDF p. 131 |
| Non-current assets | |||
| Singapore$'000 | 887 | 2,569 | PDF p. 131 |
| United States of America$'000 | 5,175 | 10,499 | PDF p. 131 |
| Others$'000 | 358 | 251 | PDF p. 131 |
Units $'000. Based on the geographical location of customers and assets. Non-current assets consist of property, plant and equipment, right-of-use assets, investment in associates, other investments and financial assets as presented in the statements of financial position.
Major customer: There is a major customer (2024: two major customers) from the property development segment contributing revenue which is greater than 10% of the total revenue for the current financial year.
Debt
| Item / unit | 2025The Group | 2024The Group | 2025The Company | 2024The Company | Source |
|---|---|---|---|---|---|
| Undiscounted lease payments due | |||||
| - Less than 1 year$'000 | 429 | 475 | 182 | 282 | PDF p. 116 |
| - Between 2 and 5 years$'000 | 273 | 276 | 95 | 276 | PDF p. 116 |
| Less: Future interest cost$'000 | (16) | (15) | (5) | (14) | PDF p. 116 |
| Total | |||||
| Lease liabilities$'000 | 686 | 736 | 272 | 544 | PDF p. 116 |
| Presented as | |||||
| - Non-current$'000 | 268 | 271 | 93 | 271 | PDF p. 116 |
| - Current$'000 | 418 | 465 | 179 | 273 | PDF p. 116 |
The Group's lease liabilities are secured by the lessors' title to the leased assets. There are no externally imposed covenants on the above lease arrangements.
Interest expense on lease liabilities of $18,000 (2024: $25,000) is recognised within "finance costs".
No bank borrowings or loans are presented in the statements of financial position.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Foo Kon Tan LLP | Group and Company, FY2025 | PDF p. 73 |
| Engagement partner | Chin Bo Wui | Group and Company, FY2025 | PDF p. 73 |
| Opinion | true and fair view | Group and Company, year ended 31 December 2025 | PDF p. 70 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Key Audit Matters | We have determined that there are no key audit matters to communicate in our report. | Group, FY2025 | PDF p. 70 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Basis of preparation (going concern) | The financial statements have been prepared on a going concern basis | Group, FY2025 | PDF p. 80 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
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.