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Financials
Annual Report 2025
Explore the statements
8 tablesStatements of Financial Position as at 31 December 2025 (Group and Company)
26 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentS$'000 | 167 | 5 | 167 | 5 | PDF p. 58 |
| Intangible assets and goodwillS$'000 | 858 | 1,892 | - | - | PDF p. 58 |
| Investments in subsidiariesS$'000 | - | - | 1,028 | 2,348 | PDF p. 58 |
| Other investmentsS$'000 | 1 | 1 | 1 | 1 | PDF p. 58 |
| SubtotalS$'000 | 1,026 | 1,898 | 1,196 | 2,354 | PDF p. 58 |
| Current assets | |||||
| Trade and other receivablesS$'000 | 55 | 111 | 45 | 38 | PDF p. 58 |
| PrepaymentsS$'000 | 6 | 29 | 2 | - | PDF p. 58 |
| Cash and cash equivalentsS$'000 | 493 | 140 | 349 | 124 | PDF p. 58 |
| SubtotalS$'000 | 554 | 280 | 396 | 162 | PDF p. 58 |
| Assets | |||||
| Total assetsS$'000 | 1,580 | 2,178 | 1,592 | 2,516 | PDF p. 58 |
| Equity | |||||
| Share capitalS$'000 | 101,634 | 99,504 | 101,634 | 99,504 | PDF p. 58 |
| Other reservesS$'000 | (664) | (664) | - | - | PDF p. 58 |
| Currency translation reserveS$'000 | 1,435 | 1,435 | 1,275 | 1,275 | PDF p. 58 |
| Accumulated lossesS$'000 | (101,779) | (99,271) | (102,228) | (99,468) | PDF p. 58 |
| Equity attributable to owner of the CompanyS$'000 | 626 | 1,004 | 681 | 1,311 | PDF p. 58 |
| Non-controlling interestsS$'000 | - | - | - | - | PDF p. 58 |
| Total equityS$'000 | 626 | 1,004 | 681 | 1,311 | PDF p. 58 |
| Non-current liabilities | |||||
| Lease LiabilitiesS$'000 | 25 | - | 25 | - | PDF p. 58 |
| Deferred tax liabilitiesS$'000 | - | 37 | - | - | PDF p. 58 |
| SubtotalS$'000 | 25 | 37 | 25 | - | PDF p. 58 |
| Current liabilities | |||||
| Trade and other payablesS$'000 | 776 | 1,049 | 741 | 1,205 | PDF p. 58 |
| Contract liabilitiesS$'000 | 8 | 88 | - | - | PDF p. 58 |
| Lease liabilitiesS$'000 | 145 | - | 145 | - | PDF p. 58 |
| SubtotalS$'000 | 929 | 1,137 | 886 | 1,205 | PDF p. 58 |
| Liabilities | |||||
| Total liabilitiesS$'000 | 954 | 1,174 | 911 | 1,205 | PDF p. 58 |
| Equity and liabilities | |||||
| Total equity and liabilitiesS$'000 | 1,580 | 2,178 | 1,592 | 2,516 | PDF p. 58 |
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Definitions & sources
Original report: PDF p. 58 ↗
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Comprehensive Income for the financial year ended 31 December 2025 (Group)
20 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| RevenueS$'000 | 191 | 771 | PDF p. 59 |
| Other incomeS$'000 | 12 | 13 | PDF p. 59 |
| Less: Expenses | |||
| Cost of services and salesS$'000 | (107) | (343) | PDF p. 59 |
| Depreciation and amortisation expensesS$'000 | (178) | (203) | PDF p. 59 |
| Employee benefits expensesS$'000 | (768) | (776) | PDF p. 59 |
| Lease expensesS$'000 | (3) | (3) | PDF p. 59 |
| Other expensesS$'000 | (467) | (520) | PDF p. 59 |
| Impairment loss on goodwill and intangible assetsS$'000 | (1,111) | (1,200) | PDF p. 59 |
| Loss allowance on trade receivablesS$'000 | (28) | (19) | PDF p. 59 |
| Finance costsS$'000 | (86) | (6) | PDF p. 59 |
| Income statement | |||
| Loss before income taxS$'000 | (2,545) | (2,286) | PDF p. 59 |
| Income tax creditS$'000 | 37 | 5 | PDF p. 59 |
| Loss for the yearS$'000 | (2,508) | (2,281) | PDF p. 59 |
| Other comprehensive income | |||
| Other comprehensive loss for the year, net of taxS$'000 | - | - | PDF p. 59 |
| Total comprehensive loss for the yearS$'000 | (2,508) | (2,281) | PDF p. 59 |
| Loss attributable to | |||
| Owners of the CompanyS$'000 | (2,508) | (2,281) | PDF p. 59 |
| Non-controlling interestsS$'000 | - | - | PDF p. 59 |
| SubtotalS$'000 | (2,508) | (2,281) | PDF p. 59 |
| Loss per share attributable to Owners of the Company - Continuing operations | |||
| - Basic (cents per share)cents per share | (0.0455) | (0.0457) | PDF p. 59 |
| - Diluted (cents per share)cents per share | (0.0455) | (0.0457) | PDF p. 59 |
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Definitions & sources
Original report: PDF p. 59 ↗
The accompanying notes form an integral part of these financial statements.
Only a consolidated statement is presented; no separate Company income statement is printed.
Consolidated Statement of Comprehensive Income
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| RevenueS$'000 | 191 | 771 | PDF p. 59 |
| Other incomeS$'000 | 12 | 13 | PDF p. 59 |
| Expenses | |||
| Cost of services and salesS$'000 | (107) | (343) | PDF p. 59 |
| Depreciation and amortisation expensesS$'000 | (178) | (203) | PDF p. 59 |
| Employee benefits expensesS$'000 | (768) | (776) | PDF p. 59 |
| Lease expensesS$'000 | (3) | (3) | PDF p. 59 |
| Other expensesS$'000 | (467) | (520) | PDF p. 59 |
| Impairment loss on goodwill and intangible assetsS$'000 | (1,111) | (1,200) | PDF p. 59 |
| Loss allowance on trade receivablesS$'000 | (28) | (19) | PDF p. 59 |
| Finance costsS$'000 | (86) | (6) | PDF p. 59 |
| Income statement | |||
| Loss before income taxS$'000 | (2,545) | (2,286) | PDF p. 59 |
| Income tax creditS$'000 | 37 | 5 | PDF p. 59 |
| Loss for the yearS$'000 | (2,508) | (2,281) | PDF p. 59 |
| Other comprehensive income | |||
| Other comprehensive loss for the year, net of taxS$'000 | - | - | PDF p. 59 |
| Total comprehensive loss for the yearS$'000 | (2,508) | (2,281) | PDF p. 59 |
| Loss attributable to | |||
| Owners of the CompanyS$'000 | (2,508) | (2,281) | PDF p. 59 |
| Non-controlling interestsS$'000 | - | - | PDF p. 59 |
| Loss per share attributable to Owners of the Company - Continuing operations | |||
| - Basic (cents per share)cents per share | (0.0455) | (0.0457) | PDF p. 59 |
| - Diluted (cents per share)cents per share | (0.0455) | (0.0457) | PDF p. 59 |
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Definitions & sources
Original report: PDF p. 59 ↗
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Changes in Equity - year ended 31 December 2025
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group - Share capital | 2025Group - Other reserve | 2025Group - Currency translation reserve | 2025Group - Accumulated losses | 2025Group - Equity attributable to owners of the Company | 2025Group - Non-controlling interests | 2025Group - Total | Source |
|---|---|---|---|---|---|---|---|---|
| Opening balance | ||||||||
| Balance at 1 January 2025S$'000 | 99,504 | (664) | 1,435 | (99,271) | 1,004 | - | 1,004 | PDF p. 60 |
| Movements | ||||||||
| Loss for the yearS$'000 | - | - | - | (2,508) | (2,508) | - | (2,508) | PDF p. 60 |
| Other comprehensive lossS$'000 | - | - | - | - | - | - | - | PDF p. 60 |
| Total comprehensive loss for the yearS$'000 | - | - | - | (2,508) | (2,508) | - | (2,508) | PDF p. 60 |
| Transactions with owners | ||||||||
| Issuance of ordinary shares and recognition of share based paymentS$'000 | 2,130 | - | - | - | 2,130 | - | 2,130 | PDF p. 60 |
| Total transactions with owners, recognised directly in equityS$'000 | 2,130 | - | - | - | 2,130 | - | 2,130 | PDF p. 60 |
| Closing balance | ||||||||
| Balance at 31 December 2025S$'000 | 101,634 | (664) | 1,435 | (101,779) | 626 | - | 626 | PDF p. 60 |
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Definitions & sources
Original report: PDF p. 60 ↗
The accompanying notes form an integral part of these financial statements.
No separate Company statement of changes in equity is presented in the report pages read.
Consolidated Statement of Changes in Equity - year ended 31 December 2024
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group - Share capital | 2024Group - Other reserve | 2024Group - Currency translation reserve | 2024Group - Accumulated losses | 2024Group - Equity attributable to owners of the Company | 2024Group - Non-controlling interests | 2024Group - Total | Source |
|---|---|---|---|---|---|---|---|---|
| Opening balance | ||||||||
| Balance at 1 January 2024S$'000 | 98,834 | (554) | 1,435 | (96,990) | 2,725 | - | 2,725 | PDF p. 61 |
| Movements | ||||||||
| Loss for the yearS$'000 | - | - | - | (2,281) | (2,281) | - | (2,281) | PDF p. 61 |
| Other comprehensive lossS$'000 | - | - | - | - | - | - | - | PDF p. 61 |
| Total comprehensive loss for the yearS$'000 | - | - | - | (2,281) | (2,281) | - | (2,281) | PDF p. 61 |
| Transactions with owners | ||||||||
| Issuance of ordinary shares and recognition of share based paymentS$'000 | 670 | (70) | - | - | 600 | - | 600 | PDF p. 61 |
| Reversal of share optionsS$'000 | - | (40) | - | - | (40) | - | (40) | PDF p. 61 |
| Total transactions with owners, recognised directly in equityS$'000 | 670 | (110) | - | - | 560 | - | 560 | PDF p. 61 |
| Closing balance | ||||||||
| Balance at 31 December 2024S$'000 | 99,504 | (664) | 1,435 | (99,271) | 1,004 | - | 1,004 | PDF p. 61 |
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Definitions & sources
Original report: PDF p. 61 ↗
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Cash Flows
24 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Loss before income taxS$'000 | (2,545) | (2,286) | PDF p. 62 |
| Adjustments for | |||
| Depreciation and amortisation expensesS$'000 | 178 | 203 | PDF p. 62 |
| Share-based compensationS$'000 | - | (40) | PDF p. 62 |
| Interest expensesS$'000 | 86 | 6 | PDF p. 62 |
| Loss on disposal of property, plant and equipmentS$'000 | - | 1 | PDF p. 62 |
| Loss allowance on trade receivablesS$'000 | 28 | 19 | PDF p. 62 |
| Impairment loss on goodwill and intangible assetsS$'000 | 1,111 | 1,200 | PDF p. 62 |
| Cash flows from operating activities | |||
| Operating cash flows before working capital changesS$'000 | (1,142) | (897) | PDF p. 62 |
| Working capital changes | |||
| Trade and other receivablesS$'000 | 28 | (66) | PDF p. 62 |
| PrepaymentsS$'000 | 23 | (5) | PDF p. 62 |
| Trade and other payables and contract liabilitiesS$'000 | (295) | 10 | PDF p. 62 |
| Cash flows from operating activities | |||
| Cash used in operationsS$'000 | (1,386) | (958) | PDF p. 62 |
| Income taxS$'000 | - | - | PDF p. 62 |
| Net cash used in operating activitiesS$'000 | (1,386) | (958) | PDF p. 62 |
| Cash flows from investing activity | |||
| Purchase of property, plant and equipmentS$'000 | (2) | - | PDF p. 62 |
| Net cash used in investing activityS$'000 | (2) | - | PDF p. 62 |
| Cash flows from financing activities | |||
| Proceeds from issuance of new ordinary sharesS$'000 | 2,130 | 600 | PDF p. 62 |
| Interest paidS$'000 | (13) | (4) | PDF p. 62 |
| Repayment of lease obligationsS$'000 | (136) | (139) | PDF p. 62 |
| Advances from a directorS$'000 | (240) | 240 | PDF p. 62 |
| Net cash generated from financing activitiesS$'000 | 1,741 | 697 | PDF p. 62 |
| Closing cash | |||
| Net increase/(decrease) in cash and cash equivalentsS$'000 | 353 | (261) | PDF p. 62 |
| Cash and cash equivalents at the beginning of the yearS$'000 | 140 | 401 | PDF p. 62 |
| Cash and cash equivalents at the end of the yearS$'000 | 493 | 140 | PDF p. 62 |
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Definitions & sources
Original report: PDF p. 62 ↗
The accompanying notes form an integral part of these financial statements.
Financial Highlights (FY2023-FY2025)
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group, S$000 | 2024Group, S$000 | 2025Group, S$000 | Source |
|---|---|---|---|---|
| RESULTS | ||||
| RevenueS$000 | 398 | 771 | 191 | PDF p. 8 |
| Loss from continuing operationsS$000 | (2,186) | (2,281) | (2,508) | PDF p. 8 |
| Loss per share attributable to owners of the company (S$ cents) - Continuing operationsS$ cents | (0.04160) | (0.04570) | (0.04550) | PDF p. 8 |
| FINANCIAL POSITIONS | ||||
| Total AssetsS$000 | 3,790 | 2,178 | 1,580 | PDF p. 8 |
| Total LiabilitiesS$000 | 1,065 | 1,174 | 954 | PDF p. 8 |
| Total BorrowingsS$000 | - | - | - | PDF p. 8 |
| Shareholders' Equity attributable to equity holders of the CompanyS$000 | 2,725 | 1,004 | 626 | PDF p. 8 |
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Definitions & sources
Original report: PDF p. 8 ↗
Header: Expressed in S$000. The loss-per-share label wraps across lines in the source; the quote shows the values row only.
Note 24 Basic and diluted loss per share
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Numerator | |||
| Loss attributable to owners of the parent (S$’000)S$’000 | (2,508) | (2,281) | PDF p. 91 |
| Denominator | |||
| Weighted average number of ordinary shares in issue during the financial yearnumber of shares | 5,509,157,443 | 4,987,965,981 | PDF p. 91 |
| Basic loss per share | |||
| Basic loss per share (S$ cents)S$ cents | (0.0455) | (0.0457) | PDF p. 91 |
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Definitions & sources
Original report: PDF p. 91 ↗
Diluted loss per share is the same as basic because potential ordinary shares are anti-dilutive. As at 31 December 2025, the Company does not have any dilutive potential ordinary shares (2024: 370,000,000 Option Shares (“Call Option”) at the option exercise price of S$0.003 per Option Share).
The face of the income statement (p.59) shows Basic and Diluted (cents per share) of (0.0455) and (0.0457) for 2025 and 2024.
Dividend: the Board has not declared or recommended any dividend for FY2025 (p.35).
Where the money comes from
Segment information
By business
Business segments - Group 2025 results 6 lines
| Item / unit | 2025Group FinTech business, S$'000 | 2025Group Corporate & others, S$'000 | 2025Group Total, S$'000 | Source |
|---|---|---|---|---|
| 2025 Results | ||||
| RevenueS$'000 | 191 | - | 191 | PDF p. 93 |
| Operating lossS$'000 | (1,535) | (924) | (2,459) | PDF p. 93 |
| Interest expenseS$'000 | - | (86) | (86) | PDF p. 93 |
| Loss before income taxS$'000 | (1,535) | (1,010) | (2,545) | PDF p. 93 |
| Income taxS$'000 | 37 | - | 37 | PDF p. 93 |
| Loss for the financial yearS$'000 | (1,498) | (1,010) | (2,508) | PDF p. 93 |
Notes
Geographical information: The Group's reported segments are in Singapore. Segments: FinTech business; Corporate & others.
Business segments - Group 2024 results 6 lines
| Item / unit | 2024Group FinTech business, S$'000 | 2024Group Corporate & others, S$'000 | 2024Group Total, S$'000 | Source |
|---|---|---|---|---|
| 2024 Results | ||||
| RevenueS$'000 | 771 | - | 771 | PDF p. 94 |
| Operating lossS$'000 | (1,546) | (734) | (2,280) | PDF p. 94 |
| Interest expenseS$'000 | - | (6) | (6) | PDF p. 94 |
| Loss before income taxS$'000 | (1,546) | (740) | (2,286) | PDF p. 94 |
| Income taxS$'000 | 5 | - | 5 | PDF p. 94 |
| Loss for the financial yearS$'000 | (1,541) | (740) | (2,281) | PDF p. 94 |
Business segments - Group 2025 assets, liabilities and other segment information 7 lines
| Item / unit | 2025Group FinTech business, S$'000 | 2025Group Corporate & others, S$'000 | 2025Group Total, S$'000 | Source |
|---|---|---|---|---|
| 2025 | ||||
| Segment total assetsS$'000 | 1,016 | 564 | 1,580 | PDF p. 94 |
| Segment total liabilitiesS$'000 | 149 | 805 | 954 | PDF p. 94 |
| 2025 Other segment information - Additions to non-current assets | ||||
| Property, plant and equipmentS$'000 | - | 2 | 2 | PDF p. 94 |
| Intangible assetsS$'000 | 109 | - | 109 | PDF p. 94 |
| 2025 Other segment information | ||||
| Depreciation and amortisation expensesS$'000 | (32) | (146) | (178) | PDF p. 94 |
| Impairment loss on goodwill and intangible assetsS$'000 | (1,111) | - | (1,111) | PDF p. 94 |
| Loss allowance for trade receivablesS$'000 | (28) | - | (28) | PDF p. 94 |
Business segments - Group 2024 assets, liabilities and other segment information 5 lines
| Item / unit | 2024Group FinTech business, S$'000 | 2024Group Corporate & others, S$'000 | 2024Group Total, S$'000 | Source |
|---|---|---|---|---|
| 2024 | ||||
| Segment total assetsS$'000 | 2,010 | 168 | 2,178 | PDF p. 94 |
| Segment total liabilitiesS$'000 | 204 | 970 | 1,174 | PDF p. 94 |
| 2024 Other segment information | ||||
| Depreciation and amortisation expensesS$'000 | (31) | (172) | (203) | PDF p. 94 |
| Impairment loss on goodwillS$'000 | (1,200) | - | (1,200) | PDF p. 94 |
| Loss allowance for trade receivablesS$'000 | (19) | - | (19) | PDF p. 94 |
Debt
Borrowings
Lease liabilities maturity analysis and current/non-current split (Note 13)
| Item / unit | 2025Group and Company | Source |
|---|---|---|
| Minimum lease payments due | ||
| - Not later than one financial yearS$'000 | 150 | PDF p. 84 |
| - Between one financial year and five financial yearsS$'000 | 25 | PDF p. 84 |
| Lease liabilities | ||
| Less: Future interest expenseS$'000 | (5) | PDF p. 84 |
| Present value of lease liabilitiesS$'000 | 170 | PDF p. 84 |
| Presented in statements of financial position | ||
| - CurrentS$'000 | 145 | PDF p. 84 |
| - Non-currentS$'000 | 25 | PDF p. 84 |
Notes
No 2024 comparative column printed for the maturity analysis.
Borrowing notes 1 tables
Lease liabilities movement (Note 13)
| Item / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Lease liabilities | |||
| At 1 JanuaryS$'000 | - | 139 | PDF p. 84 |
| AdditionsS$'000 | 306 | - | PDF p. 84 |
| Lease payments | |||
| - Principal portionS$'000 | (136) | (139) | PDF p. 84 |
| Lease liabilities | |||
| At 31 DecemberS$'000 | 170 | - | PDF p. 84 |
Notes
The lease term is 2 years and 2 months (2024: 3 years) for the current financial year. The effective interest rate for the lease liability is 5.3% (2024: 5.3%) per annum.
Lease liabilities are denominated in Singapore dollar. Interest rates are fixed at the contract date.
Report states the Group had no borrowings as at 31 December 2025 (Total Borrowings nil FY2023-FY2025).
Payout
Dividends & distributions
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend for FY2025 | The Board has not declared or recommended any dividend for FY2025, as the Group does not have profits available for the declaration of a dividend. | FY2025 | PDF p. 35 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | Nexia Singapore PAC | Group and Company, FY2025 | PDF p. 57 |
| Engagement partner | Chan Rouh Ting | Group and Company, FY2025 | PDF p. 57 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company, FY2025 · As at 2025-12-31 | PDF p. 53 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Material Uncertainty Related to Going Concern | These conditions and events indicate that a material uncertainty exists that may cast significant doubt on the Group’s and the Company’s ability to continue as going concerns. | Group and Company, FY2025 · As at 2025-12-31 | PDF p. 53 |
| Material Uncertainty Related to Going Concern | Our opinion is not modified in respect of this matter. | Group and Company, FY2025 | PDF p. 53 |
| Going concern assumptions | The directors of the Company are of the view that the use of the going concern assumption in the preparation and presentation of the financial statements for the financial year ended 31 December 2025 is appropriate | Group and Company, Note 4 | PDF p. 74 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.