Secura 43B
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+0.00% +0.00 Updated 26 Oct 2026, 17:16 SGT
Financials
2025 Annual Report
Explore the statements
11 tablesConsolidated Statement of Comprehensive Income (Group)
20 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| Revenue$'000 | 53,123 | 58,714 | PDF p. 113 |
| Cost of sales$'000 | (43,955) | (48,715) | PDF p. 113 |
| Gross profit$'000 | 9,168 | 9,999 | PDF p. 113 |
| Other operating income$'000 | 1,774 | 2,362 | PDF p. 113 |
| Distribution and selling expenses$'000 | (2,211) | (2,141) | PDF p. 113 |
| Administrative expenses$'000 | (7,536) | (7,011) | PDF p. 113 |
| Finance costs$'000 | (117) | (143) | PDF p. 113 |
| Share of results of joint ventures and associate$'000 | 491 | 403 | PDF p. 113 |
| Profit before tax$'000 | 1,569 | 3,469 | PDF p. 113 |
| Income tax expenses$'000 | (279) | (258) | PDF p. 113 |
| Profit for the year$'000 | 1,290 | 3,211 | PDF p. 113 |
| Other comprehensive income | |||
| Share of foreign currency translation of joint venture and associate$'000 | (155) | (111) | PDF p. 113 |
| Foreign currency translation arising from disposal of a joint venture$'000 | – | 51 | PDF p. 113 |
| Foreign currency translation arising from dissolution of a subsidiary$'000 | (109) | – | PDF p. 113 |
| Total comprehensive income for the year$'000 | 1,026 | 3,151 | PDF p. 113 |
| Profit for the year attributable to | |||
| Owners of the company$'000 | 1,303 | 3,328 | PDF p. 113 |
| Non-controlling interest$'000 | (13) | (117) | PDF p. 113 |
| Total comprehensive income attributable to | |||
| Owners of the company$'000 | 1,039 | 3,268 | PDF p. 113 |
| Non-controlling interest$'000 | (13) | (117) | PDF p. 113 |
| Earnings per share (cents per share) | |||
| Basic and diluted earnings per sharecents per share | 0.33 | 0.83 | PDF p. 113 |
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Definitions & sources
Original report: PDF p. 113 ↗
Amounts in $'000 except earnings per share in cents per share. Basic and diluted EPS note 26. No separate Company income statement was presented.
Balance Sheets (Group and Company) – assets and current liabilities
26 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipment$'000 | 19,559 | 20,356 | 13,748 | 13,898 | PDF p. 111 |
| Right-of-use assets$'000 | 803 | 1,124 | – | – | PDF p. 111 |
| Investment property$'000 | – | – | 2,146 | 2,235 | PDF p. 111 |
| Intangible assets$'000 | 1,429 | 1,705 | 35 | 33 | PDF p. 111 |
| Investment in subsidiaries$'000 | – | – | 22,559 | 23,344 | PDF p. 111 |
| Investment in joint ventures$'000 | 146 | 152 | – | – | PDF p. 111 |
| Investment in associates$'000 | 2,328 | 1,985 | – | – | PDF p. 111 |
| Deferred tax assets$'000 | 4 | 4 | – | – | PDF p. 111 |
| Subtotal$'000 | 24,269 | 25,326 | 38,488 | 39,510 | PDF p. 111 |
| Current assets | |||||
| Inventories$'000 | 663 | 688 | – | – | PDF p. 111 |
| Trade and other receivables$'000 | 10,730 | 11,279 | 22 | 65 | PDF p. 111 |
| Contract assets$'000 | 2,350 | 2,215 | – | – | PDF p. 111 |
| Prepayments$'000 | 1,623 | 1,010 | 20 | 23 | PDF p. 111 |
| Amounts due from subsidiaries$'000 | – | – | 2,055 | 754 | PDF p. 111 |
| Cash and cash equivalents$'000 | 19,751 | 20,507 | 6,820 | 8,755 | PDF p. 111 |
| Subtotal$'000 | 35,117 | 35,699 | 8,917 | 9,597 | PDF p. 111 |
| Assets | |||||
| Total assets$'000 | 59,386 | 61,025 | 47,405 | 49,107 | PDF p. 111 |
| Current liabilities | |||||
| Trade and other payables$'000 | 7,283 | 7,991 | 727 | 705 | PDF p. 111 |
| Contract liabilities$'000 | 715 | 684 | – | – | PDF p. 111 |
| Loans and borrowings$'000 | 308 | 428 | 250 | 250 | PDF p. 111 |
| Lease liabilities$'000 | 220 | 360 | – | – | PDF p. 111 |
| Amounts due to subsidiaries$'000 | – | – | 3,279 | 4,436 | PDF p. 111 |
| Amounts due to a joint venture$'000 | 285 | 285 | – | – | PDF p. 111 |
| Income tax payable$'000 | 307 | 604 | – | – | PDF p. 111 |
| Subtotal$'000 | 9,118 | 10,352 | 4,256 | 5,391 | PDF p. 111 |
| Net current assets$'000 | 25,999 | 25,347 | 4,661 | 4,206 | PDF p. 111 |
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Definitions & sources
Original report: PDF p. 111 ↗
Amounts in $'000. Balance sheets continue on the next page (page 112 physical).
Balance Sheets (Group and Company) – non-current liabilities and equity
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current liabilities | |||||
| Loans and borrowings$'000 | 1,519 | 1,850 | 1,492 | 1,765 | PDF p. 112 |
| Lease liabilities$'000 | 545 | 722 | – | – | PDF p. 112 |
| Other payables$'000 | 654 | 1,054 | 175 | 575 | PDF p. 112 |
| Provision for reinstatement cost$'000 | 51 | 51 | – | – | PDF p. 112 |
| Deferred tax liabilities$'000 | 645 | 618 | – | – | PDF p. 112 |
| Subtotal$'000 | 3,414 | 4,295 | 1,667 | 2,340 | PDF p. 112 |
| Liabilities | |||||
| Total liabilities$'000 | 12,532 | 14,647 | 5,923 | 7,731 | PDF p. 112 |
| Net assets$'000 | 46,854 | 46,378 | 41,482 | 41,376 | PDF p. 112 |
| Equity | |||||
| Share capital$'000 | 61,644 | 61,644 | 61,644 | 61,644 | PDF p. 112 |
| Other reserves$'000 | (17,087) | (16,712) | – | 111 | PDF p. 112 |
| Retained earnings/(Accumulated losses)$'000 | 2,186 | 1,322 | (20,162) | (20,379) | PDF p. 112 |
| Equity attributable to owners of the Company$'000 | 46,743 | 46,254 | 41,482 | 41,376 | PDF p. 112 |
| Non-controlling interest$'000 | 111 | 124 | – | – | PDF p. 112 |
| Total equity$'000 | 46,854 | 46,378 | 41,482 | 41,376 | PDF p. 112 |
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Definitions & sources
Original report: PDF p. 112 ↗
Amounts in $'000. Continuation of balance sheets from page 111.
Consolidated Cash Flow Statement (Group)
40 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, $'000 | 2024Group, $'000 | Source |
|---|---|---|---|
| Operating activities | |||
| Profit before tax$'000 | 1,569 | 3,469 | PDF p. 117 |
| Operating activities - Adjustments | |||
| Amortisation of intangible assets$'000 | 42 | 26 | PDF p. 117 |
| Amortisation of right-of-use assets$'000 | 355 | 342 | PDF p. 117 |
| Depreciation of property, plant and equipment$'000 | 1,095 | 1,162 | PDF p. 117 |
| Finance costs$'000 | 117 | 143 | PDF p. 117 |
| Fair value adjustment for deferred consideration$'000 | (400) | (300) | PDF p. 117 |
| Loss/(gain) on disposal of property, plant and equipment$'000 | 29 | (2) | PDF p. 117 |
| Impairment of goodwill$'000 | 620 | – | PDF p. 117 |
| Interest income$'000 | (271) | (408) | PDF p. 117 |
| Loss on disposal of a joint venture$'000 | – | 51 | PDF p. 117 |
| Gain on dissolution of a subsidiary$'000 | (109) | – | PDF p. 117 |
| Loss on disposal of a subsidiary$'000 | – | 3 | PDF p. 117 |
| Share of results of joint venture and associate$'000 | (491) | (403) | PDF p. 117 |
| Unrealised exchange gain, net$'000 | (6) | (8) | PDF p. 117 |
| Operating activities | |||
| Operating cash flows before working capital changes$'000 | 2,550 | 4,075 | PDF p. 117 |
| Decrease in inventories$'000 | 26 | 156 | PDF p. 117 |
| Decrease in trade and other receivables and contract assets$'000 | 414 | 1,287 | PDF p. 117 |
| (Increase)/decrease in prepayments$'000 | (613) | 38 | PDF p. 117 |
| Decrease in trade and other payables and contract liabilities$'000 | (675) | (535) | PDF p. 117 |
| Increase in amount due from a joint venture$'000 | – | 238 | PDF p. 117 |
| Cash flows generated from operations$'000 | 1,702 | 5,259 | PDF p. 117 |
| Interest received$'000 | 271 | 364 | PDF p. 117 |
| Interest paid$'000 | (117) | (143) | PDF p. 117 |
| Tax paid$'000 | (550) | (86) | PDF p. 117 |
| Net cash flows generated from operating activities$'000 | 1,306 | 5,394 | PDF p. 117 |
| Investing activities | |||
| Proceeds from disposal of property, plant and equipment$'000 | 17 | 3 | PDF p. 117 |
| Proceeds from disposal of a joint venture$'000 | – | 371 | PDF p. 117 |
| Additions to property, plant and equipment and intangible assets$'000 | (728) | (338) | PDF p. 117 |
| Net cash inflow from disposal of a subsidiary$'000 | – | 39 | PDF p. 117 |
| Dividend received from an associate company$'000 | – | 93 | PDF p. 117 |
| Net cash flows (used in)/generated from investing activities$'000 | (711) | 168 | PDF p. 117 |
| Financing activities | |||
| Payment of principal portion of leases liabilities$'000 | (350) | (327) | PDF p. 117 |
| Dividends on ordinary shares$'000 | (550) | (550) | PDF p. 117 |
| Proceeds from loan from a shareholder of a subsidiary$'000 | – | 279 | PDF p. 117 |
| Repayment of bank loans$'000 | (451) | (500) | PDF p. 117 |
| Net cash flows used in financing activities$'000 | (1,351) | (1,098) | PDF p. 117 |
| Net change in cash | |||
| Net (decrease)/increase in cash and cash equivalents$'000 | (756) | 4,464 | PDF p. 117 |
| Effect of exchange rate changes on cash and cash equivalents$'000 | – | – | PDF p. 117 |
| Cash and cash equivalents as at 1 January$'000 | 20,507 | 16,043 | PDF p. 117 |
| Cash and cash equivalents as at 31 December$'000 | 19,751 | 20,507 | PDF p. 117 |
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Definitions & sources
Original report: PDF p. 117 ↗
Note column references omitted from values. Units $'000 as printed. No Company cash flow statement is presented.
Consolidated Statement of Comprehensive Income (Group)
20 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, $'000 | 2024Group, $'000 | Source |
|---|---|---|---|
| Profit or loss | |||
| Revenue$'000 | 53,123 | 58,714 | PDF p. 113 |
| Cost of sales$'000 | (43,955) | (48,715) | PDF p. 113 |
| Gross profit$'000 | 9,168 | 9,999 | PDF p. 113 |
| Other operating income$'000 | 1,774 | 2,362 | PDF p. 113 |
| Distribution and selling expenses$'000 | (2,211) | (2,141) | PDF p. 113 |
| Administrative expenses$'000 | (7,536) | (7,011) | PDF p. 113 |
| Finance costs$'000 | (117) | (143) | PDF p. 113 |
| Share of results of joint ventures and associate$'000 | 491 | 403 | PDF p. 113 |
| Profit before tax$'000 | 1,569 | 3,469 | PDF p. 113 |
| Income tax expenses$'000 | (279) | (258) | PDF p. 113 |
| Profit for the year$'000 | 1,290 | 3,211 | PDF p. 113 |
| Other comprehensive income: items that may be reclassified subsequently to profit or loss | |||
| Share of foreign currency translation of joint venture and associate$'000 | (155) | (111) | PDF p. 113 |
| Foreign currency translation arising from disposal of a joint venture$'000 | – | 51 | PDF p. 113 |
| Foreign currency translation arising from dissolution of a subsidiary$'000 | (109) | – | PDF p. 113 |
| Total comprehensive income | |||
| Total comprehensive income for the year$'000 | 1,026 | 3,151 | PDF p. 113 |
| Profit for the year attributable to | |||
| Owners of the company$'000 | 1,303 | 3,328 | PDF p. 113 |
| Non-controlling interest$'000 | (13) | (117) | PDF p. 113 |
| Total comprehensive income attributable to | |||
| Owners of the company$'000 | 1,039 | 3,268 | PDF p. 113 |
| Non-controlling interest$'000 | (13) | (117) | PDF p. 113 |
| Earnings per share (cents per share) | |||
| Basic and diluted earnings per sharecents per share | 0.33 | 0.83 | PDF p. 113 |
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Definitions & sources
Original report: PDF p. 113 ↗
Units $'000 except EPS in cents per share. No Company comprehensive income statement is presented separately (Company profit shown in statement of changes in equity).
Statement of Changes in Equity - Group, year ended 31 December 2025
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, Share capital, $'000 | 2025Group, Merger reserve, $'000 | 2025Group, Foreign currency translation reserve, $'000 | 2025Group, Employee share option reserve, $'000 | 2025Group, Other reserves, $'000 | 2025Group, Retained earnings/(accumulated losses), $'000 | 2025Group, Total attributable to owners, $'000 | 2025Group, Non-controlling interest, $'000 | 2025Group, Total equity, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Group | ||||||||||
| At 1 January 2025$'000 | 61,644 | (16,291) | (532) | 111 | (16,712) | 1,322 | 46,254 | 124 | 46,378 | PDF p. 114 |
| Profit for the year$'000 | – | – | – | – | – | 1,303 | 1,303 | (13) | 1,290 | PDF p. 114 |
| Group - Other comprehensive income | ||||||||||
| Share of foreign currency translation of joint venture and associate$'000 | – | – | (155) | – | (155) | – | (155) | – | (155) | PDF p. 114 |
| Foreign currency translation arising from dissolution of a subsidiary$'000 | – | – | (109) | – | (109) | – | (109) | – | (109) | PDF p. 114 |
| Other comprehensive income for the year, net of tax$'000 | – | – | (264) | – | (264) | – | (264) | – | (264) | PDF p. 114 |
| Group | ||||||||||
| Total comprehensive income for the year$'000 | – | – | (264) | – | (264) | 1,303 | 1,039 | (13) | 1,026 | PDF p. 114 |
| Group - Transactions within owners, recognised directly in equity | ||||||||||
| Transfer upon the lapse of the employee share options$'000 | – | – | – | (111) | (111) | 111 | – | – | – | PDF p. 114 |
| Group - Contributions by and distributions to owners | ||||||||||
| Dividends paid on ordinary shares (Note 27)$'000 | – | – | – | – | – | (550) | (550) | – | (550) | PDF p. 114 |
| Group | ||||||||||
| At 31 December 2025$'000 | 61,644 | (16,291) | (796) | – | (17,087) | 2,186 | 46,743 | 111 | 46,854 | PDF p. 114 |
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Definitions & sources
Original report: PDF p. 114 ↗
Values in column order: share capital, merger reserve, FX translation reserve, employee share option reserve, other reserves, retained earnings/(accumulated losses), total, NCI, total equity. Notes 20(a),(b),(c) refer to merger, FX translation and employee share option reserves.
Statement of Changes in Equity - Group, year ended 31 December 2024
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group, Share capital, $'000 | 2024Group, Merger reserve, $'000 | 2024Group, Foreign currency translation reserve, $'000 | 2024Group, Employee share option reserve, $'000 | 2024Group, Other reserves, $'000 | 2024Group, Retained earnings/(accumulated losses), $'000 | 2024Group, Total attributable to owners, $'000 | 2024Group, Non-controlling interest, $'000 | 2024Group, Total equity, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Group | ||||||||||
| At 1 January 2024$'000 | 61,644 | (16,291) | (472) | 111 | (16,652) | (1,456) | 43,536 | 241 | 43,777 | PDF p. 115 |
| Profit for the year$'000 | – | – | – | – | – | 3,328 | 3,328 | (117) | 3,211 | PDF p. 115 |
| Group - Other comprehensive income | ||||||||||
| Share of foreign currency translation of joint$'000 | – | – | (111) | – | (111) | – | (111) | – | (111) | PDF p. 115 |
| Foreign currency translation arising from$'000 | – | – | 51 | – | 51 | – | 51 | – | 51 | PDF p. 115 |
| Other comprehensive income for the year,$'000 | – | – | (60) | – | (60) | – | (60) | – | (60) | PDF p. 115 |
| Group | ||||||||||
| Total comprehensive income for$'000 | – | – | (60) | – | (60) | 3,328 | 3,268 | (117) | 3,151 | PDF p. 115 |
| Group - Contributions by and distributions to owners | ||||||||||
| Dividends paid on ordinary shares (Note 27)$'000 | – | – | – | – | – | (550) | (550) | – | (550) | PDF p. 115 |
| Group | ||||||||||
| At 31 December 2024$'000 | 61,644 | (16,291) | (532) | 111 | (16,712) | 1,322 | 46,254 | 124 | 46,378 | PDF p. 115 |
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Definitions & sources
Original report: PDF p. 115 ↗
Values in column order: share capital, merger reserve, FX translation reserve, employee share option reserve, other reserves, retained earnings/(accumulated losses), total, NCI, total equity.
Statement of Changes in Equity - Company
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company, Share capital, $'000 | 2025Company, Other reserves, $'000 | 2025Company, Accumulated losses, $'000 | 2025Company, Total equity, $'000 | Source |
|---|---|---|---|---|---|
| Company 2025 | |||||
| At 1 January 2025$'000 | 61,644 | 111 | (20,379) | 41,376 | PDF p. 116 |
| Profit for the year, representing total comprehensive income for the year$'000 | – | – | 656 | 656 | PDF p. 116 |
| Company 2025 - Transaction within owners, recognised directly in equity | |||||
| Transaction upon the lapse of the employee share options$'000 | – | (111) | 111 | – | PDF p. 116 |
| Company 2025 - Contributions by and distributions to owners | |||||
| Dividends paid on ordinary shares (Note 27)$'000 | – | – | (550) | (550) | PDF p. 116 |
| Company 2025 | |||||
| At 31 December 2025$'000 | 61,644 | – | (20,162) | 41,482 | PDF p. 116 |
| Company 2024 | |||||
| At 1 January 2024$'000 | 61,644 | 111 | (22,205) | 39,550 | PDF p. 116 |
| Profit for the year, representing total comprehensive income for the year$'000 | – | – | 2,376 | 2,376 | PDF p. 116 |
| Company 2024 - Contributions by and distributions to owners | |||||
| Dividends paid on ordinary shares (Note 27)$'000 | – | – | (550) | (550) | PDF p. 116 |
| Company 2024 | |||||
| At 31 December 2024$'000 | 61,644 | 111 | (20,379) | 41,376 | PDF p. 116 |
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Definitions & sources
Original report: PDF p. 116 ↗
Both FY2025 and FY2024 movements are listed; rows beginning 'At 1 January 2024' through 'At 31 December 2024' are the 2024 comparative year, other rows are 2025. Other reserves per Note 20(c). Values in column order: share capital, other reserves, accumulated losses, total equity.
Key Financial Information (S$'000) – five-year
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| FINANCIAL PERFORMANCE | ||||||
| RevenueS$'000 | 37,269 | 48,637 | 59,677 | 58,714 | 53,123 | PDF p. 7 |
| Gross profitS$'000 | 4,234 | 4,912 | 6,278 | 9,999 | 9,168 | PDF p. 7 |
| EBITDA1S$'000 | 3,995 | 2,420 | 3,225 | 4,082 | 2,526 | PDF p. 7 |
| Profit before taxS$'000 | 2,842 | 1,512 | 1,265 | 3,469 | 1,569 | PDF p. 7 |
| Profit attributable to owners of the CompanyS$'000 | 2,441 | 1,289 | 1,045 | 3,328 | 1,303 | PDF p. 7 |
| PER SHARE | ||||||
| Earnings per share (cents)cents | 0.61 | 0.32 | 0.26 | 0.83 | 0.33 | PDF p. 7 |
| Net asset value per share (cents)cents | 11.06 | 10.90 | 10.88 | 11.56 | 11.69 | PDF p. 7 |
| FINANCIAL POSITION | ||||||
| Cash and cash equivalentsS$'000 | 17,412 | 16,490 | 16,043 | 20,507 | 19,751 | PDF p. 7 |
| Total assetsS$'000 | 54,221 | 56,071 | 59,254 | 61,025 | 59,386 | PDF p. 7 |
| Shareholders’ equityS$'000 | 44,232 | 43,588 | 43,536 | 46,254 | 46,743 | PDF p. 7 |
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Definitions & sources
Original report: PDF p. 7 ↗
1 Excludes share of results from joint ventures and associates, impairment losses, write-down of assets, fair value adjustments for deferred consideration and gain on dissolution of a subsidiary.
Note 26 Earnings per share
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share | |||
| Profit for the year attributable to owners of the Company ($’000)$'000 | 1,303 | 3,328 | PDF p. 161 |
| Weighted average number of ordinary shares for basic and diluted earnings per share computation (’000)'000 shares | 400,002 | 400,002 | PDF p. 161 |
| Earnings per ordinary share – Basic and diluted (cents)cents | 0.33 | 0.83 | PDF p. 161 |
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Definitions & sources
Original report: PDF p. 161 ↗
Diluted EPS is the same as basic EPS as share options granted under the ESOS were excluded due to anti-dilutive effect and the 2,800,000 share options previously granted lapsed on 29 April 2025.
Note 27 Dividends
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group/Company | 2024Group/Company | Source |
|---|---|---|---|
| Declared and paid during the financial year | |||
| First and final one-tier tax exempt dividend for 2024: 0.1375 cents per share (2023: 0.1375 cents per share)$'000 | 550 | 550 | PDF p. 162 |
| Proposed but not recognised as a liability as at 31 December | |||
| First and final one-tier tax exempt dividend for 2025: 0.1375 cents per share (2024: 0.1375 cents per share)$'000 | 550 | 550 | PDF p. 162 |
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Definitions & sources
Original report: PDF p. 162 ↗
Proposed dividends are subject to shareholders' approval at the AGM. Per-share rates (0.1375 cents) are embedded in the row labels; columns are 2025 and 2024 amounts in $'000 (paid in year: for FY2024 and FY2023 dividends respectively).
Where the money comes from
Segment information
By business
Business segments - year ended 31 December 2025 ($'000) 16 lines
| Item / unit | 2025Corporate | 2025Security Guarding | 2025Security Printing | 2025Security Technology and Consultancy | 2025Cyber Security | 2025Elimination | 2025Total (Group) | Source |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| External customers$'000 | – | 39,131 | 5,794 | 2,071 | 6,127 | – | 53,123 | PDF p. 164 |
| Inter-segment$'000 | 1,152 | 47 | 11 | 1,011 | 122 | (2,343) | – | PDF p. 164 |
| Total revenue$'000 | 1,152 | 39,178 | 5,805 | 3,082 | 6,249 | (2,343) | 53,123 | PDF p. 164 |
| Results | ||||||||
| Interest income$'000 | 149 | 84 | 38 | – | – | – | 271 | PDF p. 164 |
| Depreciation of property, plant and equipment, investment property$'000 | (246) | (147) | (435) | (27) | (240) | – | (1,095) | PDF p. 164 |
| Amortisation of right-of-use assets$'000 | – | – | (78) | – | (277) | – | (355) | PDF p. 164 |
| Amortisation of intangible assets$'000 | (4) | – | (1) | – | (37) | – | (42) | PDF p. 164 |
| Share of results of joint venture and associate$'000 | – | – | 491 | – | – | – | 491 | PDF p. 164 |
| Gain on dissolution of a subsidiary$'000 | – | – | 109 | – | – | – | 109 | PDF p. 164 |
| Fair value adjustment for deferred consideration (Note 16)$'000 | 400 | – | – | – | – | – | 400 | PDF p. 164 |
| Impairment of goodwill (Note 7)$'000 | (620) | – | – | – | – | – | (620) | PDF p. 164 |
| Segment (loss)/profit$'000 | (1,070) | 939 | 1,557 | (52) | (84) | – | 1,290 | PDF p. 164 |
| Assets | ||||||||
| Segment assets, representing total assets$'000 | 24,845 | 18,967 | 14,781 | 2,005 | 4,305 | (5,517) | 59,386 | PDF p. 164 |
| Liabilities | ||||||||
| Segment liabilities, representing total liabilities$'000 | 5,750 | 4,670 | 3,037 | 1,473 | 3,287 | (5,685) | 12,532 | PDF p. 164 |
| Other disclosures | ||||||||
| Investment in joint venture and associate$'000 | 2,474 | – | – | – | – | – | 2,474 | PDF p. 164 |
| Capital expenditure$'000 | 8 | 147 | 79 | 5 | 489 | – | 728 | PDF p. 164 |
Notes
Note A: Inter-segment sales, interest income, assets and liabilities are eliminated on consolidation. (Note A marker on Total column.)
Business segments - year ended 31 December 2024 ($'000) 16 lines
| Item / unit | 2024Corporate | 2024Security Guarding | 2024Security Printing | 2024Security Technology and Consultancy | 2024Cyber Security | 2024Elimination | 2024Total (Group) | Source |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| External customers$'000 | – | 44,311 | 5,410 | 2,819 | 6,174 | – | 58,714 | PDF p. 165 |
| Inter-segment$'000 | 1,104 | 38 | 15 | 377 | 122 | (1,656) | – | PDF p. 165 |
| Total revenue$'000 | 1,104 | 44,349 | 5,425 | 3,196 | 6,296 | (1,656) | 58,714 | PDF p. 165 |
| Results | ||||||||
| Interest income$'000 | 250 | 124 | 36 | – | – | (2) | 408 | PDF p. 165 |
| Depreciation of property, plant and equipment, investment property$'000 | (251) | (171) | (514) | (47) | (179) | – | (1,162) | PDF p. 165 |
| Amortisation of right-of-use assets$'000 | – | – | (78) | – | (264) | – | (342) | PDF p. 165 |
| Amortisation of intangible assets$'000 | (3) | (1) | – | – | (22) | – | (26) | PDF p. 165 |
| Share of results of joint venture and associate$'000 | – | – | 403 | – | – | – | 403 | PDF p. 165 |
| Loss on disposal of a joint venture (Note 9)$'000 | – | – | (51) | – | – | – | (51) | PDF p. 165 |
| Reversal of impairment loss on investment in a subsidiary (Note 8)$'000 | 2,450 | – | – | – | – | (2,450) | – | PDF p. 165 |
| Fair value adjustment for deferred consideration$'000 | 300 | – | – | – | – | – | 300 | PDF p. 165 |
| Segment (loss)/profit$'000 | (319) | 2,538 | 1,128 | 6 | (142) | – | 3,211 | PDF p. 165 |
| Assets | ||||||||
| Segment assets, representing total assets$'000 | 25,764 | 19,364 | 15,193 | 1,596 | 4,610 | (5,502) | 61,025 | PDF p. 165 |
| Liabilities | ||||||||
| liabilities$'000 | 7,730 | 6,062 | 2,864 | 993 | 2,946 | (5,948) | 14,647 | PDF p. 165 |
| Other disclosures | ||||||||
| Investment in joint venture and associate$'000 | 2,137 | – | – | – | – | – | 2,137 | PDF p. 165 |
| Capital expenditure$'000 | 16 | 41 | 179 | 4 | 98 | – | 338 | PDF p. 165 |
Notes
Note A: Inter-segment sales, interest income, assets and liabilities are eliminated on consolidation.
The liabilities row label is printed as 'Segment liabilities, representing total' on the preceding line, continued as 'liabilities'.
By geography
Geographical information - Non-current assets ($'000) 3 lines
| Item / unit | 2025Group non-current assets by geographical location | 2024Group non-current assets by geographical location | Source |
|---|---|---|---|
| Non-current assets | |||
| Singapore$'000 | 21,941 | 23,341 | PDF p. 166 |
| Bangladesh$'000 | 2,328 | 1,985 | PDF p. 166 |
| Total non-current assets (unlabelled total row)$'000 | 24,269 | 25,326 | PDF p. 166 |
Notes
Revenue is solely generated from operations in Singapore.
Non-current assets information presented above consist of property, plant and equipment, right-of-use assets, intangible assets, investments in joint ventures and associates and deferred tax assets.
Debt
Borrowings
Liquidity risk maturity profile – Group
| Item / unit | 2025one year or less | 2025one to five years | 2025more than five years | 2025total | 2024one year or less | 2024one to five years | 2024more than five years | 2024total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Financial liabilities | |||||||||
| Lease liabilities$'000 | 240 | 365 | 247 | 852 | 370 | 497 | 336 | 1,203 | PDF p. 169PDF p. 170 |
| Bank loans$'000 | 430 | 1,417 | 189 | 2,036 | 551 | 1,485 | 501 | 2,537 | PDF p. 169PDF p. 170 |
Notes
Based on contractual undiscounted repayment obligations.
Borrowing notes 2 tables
Loans and borrowings
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current | |||||
| Bank loans$'000 | 308 | 428 | 250 | 250 | PDF p. 152 |
| Non-current | |||||
| Bank loans$'000 | 1,519 | 1,850 | 1,492 | 1,765 | PDF p. 152 |
| Total | |||||
| Total loans and borrowings$'000 | 1,827 | 2,278 | 1,742 | 2,015 | PDF p. 152 |
Notes
Bank loan of the Company is denominated in SGD and bears interest at 2.25% (2024: 2.25%) below the bank's commercial financing rate per annum. As at 31 December 2025 and 31 December 2024, the bank loan is secured by a mortgage over the Company's freehold land and building (Note 4 and Note 6) and is repayable over 180 monthly principal instalments ending July 2031.
Bank loan of a subsidiary is denominated in SGD, bear interest at floating rate ranging from 4.25% to 4.75% (2024: 2.25% to 7.75%) and is guaranteed by a director of a subsidiary.
Reconciliation of liabilities arising from financing activities, year 2025
| Item / unit | 20251.1.2025 opening | 2025cash flows | 2025accretion of interests | 2025addition | 2025other | 202531.12.2025 closing | Source |
|---|---|---|---|---|---|---|---|
| Lease liabilities | |||||||
| Lease liabilities – current$'000 | 360 | (385) | 35 | 33 | 177 | 220 | PDF p. 153 |
| Lease liabilities – non-current$'000 | 722 | – | – | – | (177) | 545 | PDF p. 153 |
| Bank loans | |||||||
| Bank loans – current$'000 | 428 | (451) | – | – | 331 | 308 | PDF p. 153 |
| Bank loans – non-current$'000 | 1,850 | – | – | – | (331) | 1,519 | PDF p. 153 |
| Total | |||||||
| Total$'000 | 3,360 | (836) | 35 | 33 | – | 2,592 | PDF p. 153 |
Notes
The ‘Other’ column includes the reclassification of non-current portion of loans and borrowings due to passage of time.
Total row has no printed label.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company does not have a fixed dividend policy. The form, frequency and amount of future dividends that the Directors may recommend or declare in respect of any particular financial year or period will be subject to, inter alia, the Group’s level of earnings, general business and financial condition, results of operations, capital requirements, cash flow, plans for expansion and other factors which the Directors may deem appropriate. In addition, the Company is a holding company and depends upon the receipt of dividends and other distributions from the subsidiaries to pay the dividends. Any payouts of dividends declared, being interim or final, will be clearly communicated to Shareholders in public announcements on SGXNET when the Company announces its financial results. | Company | PDF p. 93 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| First and final one-tier tax exempt dividend for 2025 | 0.1375 cents per share | FY2025 proposed, subject to shareholders' approval at AGM; first and final, tax-exempt (one-tier) | PDF p. 162 |
| First and final one-tier tax exempt dividend for 2024 | 0.1375 cents per share | FY2024 dividend declared and paid during FY2025 (comparative: 2023 dividend 0.1375 cents paid in 2024) | PDF p. 162 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Proposed but not recognised as a liability as at 31 December | 550 $'000 | Group/Company, FY2025 proposed (comparative 2024: 550) | PDF p. 162 |
Extracted from 2025 Annual Report and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | Ernst & Young LLP | Group | PDF p. 110 |
| Engagement partner | Lim Kian Giap | Group | PDF p. 110 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”) so as to give a true and fair view | Group and Company | PDF p. 106 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Impairment assessments of the Company’s investment in subsidiaries, the Group’s goodwill, property, plant, and equipment, and the assessment of the fair value of deferred consideration | Management performs periodic and annual impairment reviews of goodwill and conducts impairment assessments for identified property, plant, and equipment where there are indications of impairment. | Group and Company | PDF p. 107 |
Extracted from 2025 Annual Report 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 2025 Annual Report, 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.