Oceanus 579
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Financials
Oceanus Group Limited Annual Report FY2025
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26 tablesStatements of Financial Position
35 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position | |||||
| Plant and equipmentSGD thousand | 781 | 1,685 | 661 | 1,442 | PDF p. 121 |
| Right-of-use assetsSGD thousand | 1,735 | 1,818 | 966 | 1,610 | PDF p. 121 |
| Intangible assetsSGD thousand | 44 | 906 | - | - | PDF p. 121 |
| Investment propertiesSGD thousand | - | - | - | - | PDF p. 121 |
| SubsidiariesSGD thousand | - | - | 1 | 1 | PDF p. 121 |
| AssociatesSGD thousand | 1,353 | 4,906 | - | - | PDF p. 121 |
| Other investmentsSGD thousand | 941 | 387 | - | - | PDF p. 121 |
| Deferred tax assetsSGD thousand | - | 426 | - | - | PDF p. 121 |
| Other receivablesSGD thousand | 1,229 | - | 21,400 | 15,772 | PDF p. 121 |
| Non-current assetsSGD thousand | 6,083 | 10,128 | 23,028 | 18,825 | PDF p. 121 |
| Trade and other receivablesSGD thousand | 111,643 | 120,880 | 18,184 | 32,266 | PDF p. 121 |
| InventoriesSGD thousand | 41,618 | 21,320 | - | - | PDF p. 121 |
| PrepaymentsSGD thousand | 6,596 | 3,156 | 120 | - | PDF p. 121 |
| Derivative financial instrumentsSGD thousand | 13 | - | - | - | PDF p. 121 |
| Cash and bank balancesSGD thousand | 8,126 | 9,800 | 846 | 584 | PDF p. 121 |
| Current assets before assets held for saleSGD thousand | 167,996 | 155,156 | 19,150 | 32,850 | PDF p. 121 |
| Assets held for saleSGD thousand | 6,374 | 7,557 | - | - | PDF p. 121 |
| Current assets including assets held for saleSGD thousand | 174,370 | 162,713 | 19,150 | 32,850 | PDF p. 121 |
| Total assetsSGD thousand | 180,453 | 172,841 | 42,178 | 51,675 | PDF p. 121 |
| Share capitalSGD thousand | 684,734 | 683,855 | 684,734 | 683,855 | PDF p. 121 |
| ReservesSGD thousand | (639,214) | (628,500) | (659,121) | (652,111) | PDF p. 121 |
| Equity attributable to owners of the CompanySGD thousand | 45,520 | 55,355 | 25,613 | 31,744 | PDF p. 121 |
| Non-controlling interestsSGD thousand | 5,107 | 6,069 | - | - | PDF p. 121 |
| Total equitySGD thousand | 50,627 | 61,424 | 25,613 | 31,744 | PDF p. 121 |
| Non-current borrowingsSGD thousand | 25,339 | 3,446 | 4,937 | 2,226 | PDF p. 121 |
| Non-current lease liabilitiesSGD thousand | 928 | 1,155 | 402 | 1,155 | PDF p. 121 |
| Non-current liabilitiesSGD thousand | 26,267 | 4,601 | 5,339 | 3,381 | PDF p. 121 |
| Current derivative financial instrumentsSGD thousand | 355 | - | 1 | - | PDF p. 121 |
| Current borrowingsSGD thousand | 79,837 | 77,717 | 8,556 | 13,900 | PDF p. 121 |
| Current lease liabilitiesSGD thousand | 1,017 | 903 | 753 | 677 | PDF p. 121 |
| Trade and other payablesSGD thousand | 14,700 | 17,817 | 1,472 | 1,684 | PDF p. 121 |
| Contract liabilitiesSGD thousand | 1,391 | 4,602 | - | - | PDF p. 121 |
| Current liabilitiesSGD thousand | 103,559 | 106,816 | 11,226 | 16,550 | PDF p. 121 |
| Total liabilitiesSGD thousand | 129,826 | 111,417 | 16,565 | 19,931 | PDF p. 121 |
| Total equity and liabilitiesSGD thousand | 180,453 | 172,841 | 42,178 | 51,675 | PDF p. 121 |
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Original report: PDF p. 121 ↗
Consolidated Statement of Profit or Loss and Other Comprehensive Income
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | Source |
|---|---|---|---|
| Consolidated Statement of Profit or Loss and Other Comprehensive Income | |||
| RevenueSGD thousand | 279,517 | 289,479 | PDF p. 122 |
| Other incomeSGD thousand | 5,004 | 15,633 | PDF p. 122 |
| Purchases and related costsSGD thousand | (281,480) | (272,458) | PDF p. 122 |
| Changes in inventoriesSGD thousand | 20,298 | 2,169 | PDF p. 122 |
| Amortisation of intangible assetsSGD thousand | (32) | (9) | PDF p. 122 |
| Depreciation of plant and equipmentSGD thousand | (911) | (1,037) | PDF p. 122 |
| Depreciation of right-of-use assetsSGD thousand | (897) | (893) | PDF p. 122 |
| Impairment losses on trade receivablesSGD thousand | (448) | - | PDF p. 122 |
| Impairment losses on other receivablesSGD thousand | (389) | (2,300) | PDF p. 122 |
| Staff costsSGD thousand | (6,697) | (5,914) | PDF p. 122 |
| Other operating expensesSGD thousand | (15,118) | (16,107) | PDF p. 122 |
| Finance costsSGD thousand | (6,590) | (5,612) | PDF p. 122 |
| Share of results of associates, net of taxSGD thousand | (363) | (496) | PDF p. 122 |
| (Loss)/Profit before taxation from continuing operationsSGD thousand | (8,106) | 2,455 | PDF p. 122 |
| TaxationSGD thousand | (1,909) | (1,160) | PDF p. 122 |
| (Loss)/Profit for the year from continuing operationsSGD thousand | (10,015) | 1,295 | PDF p. 122 |
| Profit/(Loss) from discontinued operation, net of taxSGD thousand | 1,624 | (1,206) | PDF p. 122 |
| (Loss)/Profit for the yearSGD thousand | (8,391) | 89 | PDF p. 122 |
| Foreign currency translation differences on consolidationSGD thousand | (3,422) | 212 | PDF p. 122 |
| Other comprehensive (loss)/income for the year, net of tax of nilSGD thousand | (3,422) | 212 | PDF p. 122 |
| Total comprehensive (loss)/income for the yearSGD thousand | (11,813) | 301 | PDF p. 122 |
| Owners of the Company — loss/profit from continuing operationsSGD thousand | (9,304) | 2,368 | PDF p. 122 |
| Owners of the Company — loss/profit from discontinued operationSGD thousand | 1,624 | (1,206) | PDF p. 122 |
| Owners of the Company — loss/profit subtotal (unlabelled)SGD thousand | (7,680) | 1,162 | PDF p. 122 |
| Non-controlling interests — loss/profitSGD thousand | (711) | (1,073) | PDF p. 122 |
| (Loss)/Profit attributable — unlabelled totalSGD thousand | (8,391) | 89 | PDF p. 122 |
| Owners of the Company — comprehensive loss/income from continuing operationsSGD thousand | (12,338) | 2,021 | PDF p. 122 |
| Owners of the Company — comprehensive loss/income from discontinued operationSGD thousand | 1,624 | (1,206) | PDF p. 122 |
| Owners of the Company — comprehensive loss/income subtotal (unlabelled)SGD thousand | (10,714) | 815 | PDF p. 122 |
| Non-controlling interests — comprehensive loss/incomeSGD thousand | (1,099) | (514) | PDF p. 122 |
| Total comprehensive loss/income attributable — unlabelled totalSGD thousand | (11,813) | 301 | PDF p. 122 |
| Basic and diluted EPS from continuing and discontinued operationsSingapore cents per share | (0.03) | 0.01 | PDF p. 122 |
| Basic and diluted EPS from continuing operationsSingapore cents per share | (0.04) | 0.01 | PDF p. 122 |
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Original report: PDF p. 122 ↗
Consolidated Statement of Cash Flows — Operating and Investing Activities
42 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | Source |
|---|---|---|---|
| Consolidated Statement of Cash Flows — Operating and Investing Activities | |||
| (Loss)/Profit before taxation — continuing operationsSGD thousand | (8,106) | 2,455 | PDF p. 125 |
| (Loss)/Profit before taxation — discontinued operationSGD thousand | 1,624 | (1,206) | PDF p. 125 |
| (Loss)/Profit before taxationSGD thousand | (6,482) | 1,249 | PDF p. 125 |
| Amortisation of intangible assetsSGD thousand | 32 | 9 | PDF p. 125 |
| Depreciation of investment propertiesSGD thousand | - | 2,343 | PDF p. 125 |
| Depreciation of plant and equipmentSGD thousand | 911 | 1,037 | PDF p. 125 |
| Depreciation of right-of-use assetsSGD thousand | 897 | 893 | PDF p. 125 |
| Equity-settled share-based payment expenseSGD thousand | 879 | 879 | PDF p. 125 |
| Fair value loss on contingent consideration receivable at FVTPLSGD thousand | 2,654 | 946 | PDF p. 125 |
| Fair value loss on other investments at FVTPLSGD thousand | 387 | 4,107 | PDF p. 125 |
| Gain on disposal of assets held for saleSGD thousand | (1,449) | - | PDF p. 125 |
| Gain on disposal of a subsidiarySGD thousand | - | (716) | PDF p. 125 |
| Gain on partial disposal of subsidiariesSGD thousand | - | (7,615) | PDF p. 125 |
| Impairment losses on intangible assetsSGD thousand | 1,756 | - | PDF p. 125 |
| Impairment losses on trade receivablesSGD thousand | 448 | - | PDF p. 125 |
| Impairment losses on other receivablesSGD thousand | 389 | 2,300 | PDF p. 125 |
| Interest expenseSGD thousand | 6,590 | 5,612 | PDF p. 125 |
| Interest incomeSGD thousand | (152) | (315) | PDF p. 125 |
| Loss on partial disposal of associatesSGD thousand | 1,825 | - | PDF p. 125 |
| Plant and equipment written offSGD thousand | 12 | - | PDF p. 125 |
| Share of results of associatesSGD thousand | 363 | 496 | PDF p. 125 |
| Operating profit before working capital changesSGD thousand | 9,060 | 11,225 | PDF p. 125 |
| Changes in trade and other receivablesSGD thousand | 4,613 | (8,194) | PDF p. 125 |
| Changes in inventoriesSGD thousand | (21,051) | (2,075) | PDF p. 125 |
| Changes in prepaymentsSGD thousand | (3,559) | 11,183 | PDF p. 125 |
| Changes in trade and other payablesSGD thousand | (3,415) | (4,622) | PDF p. 125 |
| Changes in contract liabilitiesSGD thousand | (3,236) | 2,699 | PDF p. 125 |
| Changes in derivative financial instrumentsSGD thousand | 342 | (23) | PDF p. 125 |
| Cash (used in)/generated from operationsSGD thousand | (17,246) | 10,193 | PDF p. 125 |
| Income taxes paidSGD thousand | (1,001) | (822) | PDF p. 125 |
| Interest receivedSGD thousand | 152 | 315 | PDF p. 125 |
| Net cash (used in)/generated from operating activitiesSGD thousand | (18,095) | 9,686 | PDF p. 125 |
| Acquisition of subsidiaries, net of cash acquiredSGD thousand | - | 920 | PDF p. 125 |
| Additions to intangible assetsSGD thousand | (940) | - | PDF p. 125 |
| Advances to non-controlling interestsSGD thousand | (69) | - | PDF p. 125 |
| Consideration receivedSGD thousand | 1,930 | - | PDF p. 125 |
| Disposal of other investmentsSGD thousand | - | 204 | PDF p. 125 |
| Partial disposal of subsidiaries, net of cash disposed ofSGD thousand | - | (185) | PDF p. 125 |
| Repayment of loans from a third partySGD thousand | 202 | - | PDF p. 125 |
| Purchase of other investmentsSGD thousand | (941) | (2,550) | PDF p. 125 |
| Purchase of plant and equipmentSGD thousand | (21) | (287) | PDF p. 125 |
| Net cash generated from/(used in) investing activitiesSGD thousand | 161 | (1,898) | PDF p. 125 |
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Original report: PDF p. 125 ↗
Consolidated Statement of Cash Flows — Financing Activities and Cash Reconciliation
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | Source |
|---|---|---|---|
| Consolidated Statement of Cash Flows — Financing Activities and Cash Reconciliation | |||
| Incorporation of a subsidiary with non-controlling interestSGD thousand | 137 | - | PDF p. 126 |
| Interest paidSGD thousand | (6,590) | (5,612) | PDF p. 126 |
| Payment of lease liabilitiesSGD thousand | (927) | (848) | PDF p. 126 |
| Proceeds from borrowingsSGD thousand | 65,111 | 373 | PDF p. 126 |
| Repayment of borrowingsSGD thousand | (41,098) | (10,698) | PDF p. 126 |
| Net cash generated from/(used in) financing activitiesSGD thousand | 16,633 | (16,785) | PDF p. 126 |
| Net decrease in cash and cash equivalentsSGD thousand | (1,301) | (8,997) | PDF p. 126 |
| Cash and cash equivalents at beginning of the yearSGD thousand | 9,800 | 19,007 | PDF p. 126 |
| Exchange differences on translation of cash and cash equivalentsSGD thousand | (373) | (210) | PDF p. 126 |
| Cash and cash equivalents at end of the yearSGD thousand | 8,126 | 9,800 | PDF p. 126 |
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Original report: PDF p. 126 ↗
Consolidated Statement of Changes in Equity — FY2025
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupCapital reserve | 2025GroupShare-based payment reserve | 2025GroupForeign currency translation reserve | 2025GroupStatutory reserve | 2025GroupAccumulated losses | 2025GroupEquity attributable to owners of the Company | 2025GroupNon-controlling interests | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Group equity movements FY2025 | ||||||||||
| Balance at 1 January 2025, as previously statedSGD thousand | 683,855 | (217,842) | 879 | 5,744 | 8,067 | (424,066) | 56,637 | 7,040 | 63,677 | PDF p. 123 |
| Effect of prior year adjustments (Note 38)SGD thousand | - | - | - | - | - | (1,282) | (1,282) | (971) | (2,253) | PDF p. 123 |
| Balance at 1 January 2025, as restatedSGD thousand | 683,855 | (217,842) | 879 | 5,744 | 8,067 | (425,348) | 55,355 | 6,069 | 61,424 | PDF p. 123 |
| Loss for the yearSGD thousand | - | - | - | - | - | (7,680) | (7,680) | (711) | (8,391) | PDF p. 123 |
| Other comprehensive loss for the yearSGD thousand | - | - | - | (3,034) | - | - | (3,034) | (388) | (3,422) | PDF p. 123 |
| Total comprehensive loss for the yearSGD thousand | - | - | - | (3,034) | - | (7,680) | (10,714) | (1,099) | (11,813) | PDF p. 123 |
| Issuance of ordinary sharesSGD thousand | 879 | - | (879) | - | - | - | - | - | - | PDF p. 123 |
| Share-based payment transactions (Note 25)SGD thousand | - | - | 879 | - | - | - | 879 | - | 879 | PDF p. 123 |
| Contributions by and distributions to owners — unlabelled subtotalSGD thousand | 879 | - | - | - | - | - | 879 | - | 879 | PDF p. 123 |
| Incorporation of a subsidiary with non-controlling interestSGD thousand | - | - | - | - | - | - | - | 137 | 137 | PDF p. 123 |
| Transactions with owners in their capacity as ownersSGD thousand | 879 | - | - | - | - | - | 879 | 137 | 1,016 | PDF p. 123 |
| Transfer to statutory reserveSGD thousand | - | - | - | - | 117 | (117) | - | - | - | PDF p. 123 |
| Balance at 31 December 2025SGD thousand | 684,734 | (217,842) | 879 | 2,710 | 8,184 | (433,145) | 45,520 | 5,107 | 50,627 | PDF p. 123 |
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Original report: PDF p. 123 ↗
Consolidated Statement of Changes in Equity — FY2024 (Restated)
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare capital | 2024GroupCapital reserve | 2024GroupShare-based payment reserve | 2024GroupForeign currency translation reserve | 2024GroupStatutory reserve | 2024GroupAccumulated losses | 2024GroupEquity attributable to owners of the Company | 2024GroupNon-controlling interests | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Group equity movements FY2024 | ||||||||||
| Balance at 1 January 2024SGD thousand | 683,855 | (217,842) | - | 6,091 | 8,067 | (426,510) | 53,661 | 7,710 | 61,371 | PDF p. 124 |
| Profit/(Loss) for the year, as restatedSGD thousand | - | - | - | - | - | 1,162 | 1,162 | (1,073) | 89 | PDF p. 124 |
| Other comprehensive (loss)/income for the year, as restatedSGD thousand | - | - | - | (347) | - | - | (347) | 559 | 212 | PDF p. 124 |
| Total comprehensive (loss)/income for the year, as restatedSGD thousand | - | - | - | (347) | - | 1,162 | 815 | (514) | 301 | PDF p. 124 |
| Share-based payment transactions (Note 25)SGD thousand | - | - | 879 | - | - | - | 879 | - | 879 | PDF p. 124 |
| Acquisition of subsidiaries, as restatedSGD thousand | - | - | - | - | - | - | - | (662) | (662) | PDF p. 124 |
| Disposal of subsidiariesSGD thousand | - | - | - | - | - | - | - | (465) | (465) | PDF p. 124 |
| Changes in ownership interests in subsidiaries — unlabelled subtotalSGD thousand | - | - | - | - | - | - | - | (1,127) | (1,127) | PDF p. 124 |
| Transactions with owners in their capacity as owners, as restatedSGD thousand | - | - | 879 | - | - | - | 879 | (1,127) | (248) | PDF p. 124 |
| Balance at 31 December 2024, as restatedSGD thousand | 683,855 | (217,842) | 879 | 5,744 | 8,067 | (425,348) | 55,355 | 6,069 | 61,424 | PDF p. 124 |
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Original report: PDF p. 124 ↗
FY2024 Restatement — Consolidated Financial Position
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupAs previously stated | 2024GroupAdjustments | 2024GroupAs restated | Source |
|---|---|---|---|---|
| FY2024 Restatement — Consolidated Financial Position | ||||
| Intangible assetsSGD thousand | 2,784 | (1,878) | 906 | PDF p. 197 |
| Deferred tax assetsSGD thousand | - | 426 | 426 | PDF p. 197 |
| Trade and other receivablesSGD thousand | 121,681 | (801) | 120,880 | PDF p. 197 |
| Accumulated lossesSGD thousand | (424,066) | (1,282) | (425,348) | PDF p. 197 |
| Non-controlling interestsSGD thousand | 7,040 | (971) | 6,069 | PDF p. 197 |
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Original report: PDF p. 197 ↗
FY2024 Restatement — Consolidated Profit or Loss and Other Comprehensive Income
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupAs previously stated | 2024GroupAdjustments | 2024GroupAs restated | Source |
|---|---|---|---|---|
| FY2024 Restatement — Consolidated Profit or Loss and Other Comprehensive Income | ||||
| Other operating expensesSGD thousand | 14,890 | 1,282 | 16,172 | PDF p. 197 |
| Profit before taxationSGD thousand | 2,531 | (1,282) | 1,249 | PDF p. 197 |
| Profit for the yearSGD thousand | 1,371 | (1,282) | 89 | PDF p. 197 |
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Original report: PDF p. 197 ↗
FY2024 Restatement — Consolidated Cash Flows
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupAs previously stated | 2024GroupAdjustments | 2024GroupAs restated | Source |
|---|---|---|---|---|
| FY2024 Restatement — Consolidated Cash Flows | ||||
| Net cash generated from operating activitiesSGD thousand | 8,169 | 1,517 | 9,686 | PDF p. 197 |
| Net cash used in investing activitiesSGD thousand | (381) | (1,517) | (1,898) | PDF p. 197 |
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Original report: PDF p. 197 ↗
Historical Consolidated Profit or Loss and Comprehensive Income — FY2024 Report
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group (as reported in FY2024 report) | 2023Group (as reported in FY2024 report) | Source |
|---|---|---|---|
| Historical consolidated income and comprehensive income — FY2024 annual report | |||
| RevenueSGD thousand | 290,611 | 344,277 | PDF p. 120 |
| Other operating incomeSGD thousand | 15,756 | 4,967 | PDF p. 120 |
| Cost of inventoriesSGD thousand | (270,289) | (318,798) | PDF p. 120 |
| Employee benefits expenseSGD thousand | (5,967) | (9,316) | PDF p. 120 |
| Depreciation and amortisation expenseSGD thousand | (4,282) | (5,048) | PDF p. 120 |
| Other operating expensesSGD thousand | (17,190) | (11,975) | PDF p. 120 |
| Finance costsSGD thousand | (5,612) | (5,214) | PDF p. 120 |
| Share of loss from equity-accounted associatesSGD thousand | (496) | – | PDF p. 120 |
| Profit / (loss) before taxSGD thousand | 2,531 | (1,107) | PDF p. 120 |
| Income tax expenseSGD thousand | (1,160) | (1,137) | PDF p. 120 |
| Profit / (loss) for the yearSGD thousand | 1,371 | (2,244) | PDF p. 120 |
| Exchange differences on translating foreign operations, net of taxSGD thousand | 56 | 4,055 | PDF p. 120 |
| Other comprehensive income for the year, net of taxSGD thousand | 56 | 4,055 | PDF p. 120 |
| Total comprehensive income for the year, net of taxSGD thousand | 1,427 | 1,811 | PDF p. 120 |
| Profit / (loss) attributable to owners of the parent, net of taxSGD thousand | 2,444 | (1,879) | PDF p. 120 |
| Loss attributable to non-controlling interests, net of taxSGD thousand | (1,073) | (365) | PDF p. 120 |
| Profit / (loss) net of taxSGD thousand | 1,371 | (2,244) | PDF p. 120 |
| Total comprehensive income attributable to owners of the parentSGD thousand | 2,097 | 2,117 | PDF p. 120 |
| Total comprehensive loss attributable to non-controlling interestsSGD thousand | (670) | (306) | PDF p. 120 |
| Total comprehensive incomeSGD thousand | 1,427 | 1,811 | PDF p. 120 |
| Basic earnings / (loss) per shareSingapore cents per share | 0.01 | (0.01) | PDF p. 120 |
| Diluted earnings / (loss) per shareSingapore cents per share | 0.01 | (0.01) | PDF p. 120 |
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Original report: PDF p. 120 ↗
Historical Consolidated Profit or Loss and Comprehensive Income — FY2022 Report
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group (as reported in FY2022 report) | 2021Group (as reported in FY2022 report) | Source |
|---|---|---|---|
| Historical consolidated income and comprehensive income — FY2022 annual report | |||
| RevenueSGD thousand | 234,501 | 140,370 | PDF p. 115 |
| Other operating incomeSGD thousand | 1,525 | 10,334 | PDF p. 115 |
| Cost of inventoriesSGD thousand | (216,129) | (130,144) | PDF p. 115 |
| Employee benefits expenseSGD thousand | (6,011) | (3,576) | PDF p. 115 |
| Depreciation and amortisation expenseSGD thousand | (3,943) | (2,588) | PDF p. 115 |
| Other operating expensesSGD thousand | (16,608) | (3,135) | PDF p. 115 |
| Finance costsSGD thousand | (4,144) | (1,744) | PDF p. 115 |
| Share of loss from equity-accounted associateSGD thousand | (5) | (14) | PDF p. 115 |
| (Loss)/Profit before taxSGD thousand | (10,814) | 9,503 | PDF p. 115 |
| Income tax expenseSGD thousand | (917) | (749) | PDF p. 115 |
| (Loss)/Profit for the yearSGD thousand | (11,731) | 8,754 | PDF p. 115 |
| Exchange differences on translating foreign operations, net of taxSGD thousand | 7,917 | (4,743) | PDF p. 115 |
| Other comprehensive income/(loss) for the year, net of taxSGD thousand | 7,917 | (4,743) | PDF p. 115 |
| Total comprehensive (loss)/income for the year, net of taxSGD thousand | (3,814) | 4,011 | PDF p. 115 |
| (Loss)/Profit attributable to owners of the parent, net of taxSGD thousand | (13,160) | 7,054 | PDF p. 115 |
| Profit attributable to non-controlling interests, net of taxSGD thousand | 1,429 | 1,700 | PDF p. 115 |
| (Loss)/Profit net of taxSGD thousand | (11,731) | 8,754 | PDF p. 115 |
| Total comprehensive (loss)/income attributable to owners of the parentSGD thousand | (5,905) | 2,117 | PDF p. 115 |
| Total comprehensive income attributable to non-controlling interestsSGD thousand | 2,091 | 1,894 | PDF p. 115 |
| Total comprehensive (loss)/incomeSGD thousand | (3,814) | 4,011 | PDF p. 115 |
| Basic earnings / (loss) per shareSingapore cents per share | (0.05) | 0.03 | PDF p. 116 |
| Diluted earnings / (loss) per shareSingapore cents per share | (0.05) | 0.03 | PDF p. 116 |
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Original report: PDF p. 115 ↗ PDF p. 116 ↗
Historical Statements of Financial Position — FY2024 Report
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group (as reported in FY2024 report) | 2023Group (as reported in FY2024 report) | 2024Company (as reported in FY2024 report) | 2023Company (as reported in FY2024 report) | Source |
|---|---|---|---|---|---|
| Historical Group and Company financial position — FY2024 report | |||||
| Property, plant and equipmentSGD thousand | 1,685 | 3,846 | 1,442 | 1,962 | PDF p. 121 |
| Right-of-use assetsSGD thousand | 1,818 | 2,815 | 1,610 | 2,255 | PDF p. 121 |
| Investment propertiesSGD thousand | – | 9,879 | – | – | PDF p. 121 |
| GoodwillSGD thousand | 216 | 579 | – | – | PDF p. 121 |
| Intangible assets other than goodwillSGD thousand | 2,568 | 288 | – | – | PDF p. 121 |
| Investments in subsidiariesSGD thousand | – | – | 1 | 1 | PDF p. 121 |
| Investment in associatesSGD thousand | 4,906 | 151 | – | – | PDF p. 121 |
| Financial assets at FVTPL, non-currentSGD thousand | 387 | 2,063 | – | – | PDF p. 121 |
| Other financial assets, non-currentSGD thousand | – | – | 15,772 | 31,017 | PDF p. 121 |
| Total non-current assetsSGD thousand | 11,580 | 19,621 | 18,825 | 35,235 | PDF p. 121 |
| InventoriesSGD thousand | 21,320 | 19,151 | – | – | PDF p. 121 |
| Trade and other receivablesSGD thousand | 121,297 | 112,508 | 3,257 | 5,947 | PDF p. 121 |
| Financial assets at FVTPL, currentSGD thousand | – | 202 | – | 202 | PDF p. 121 |
| Other financial assets, currentSGD thousand | 384 | – | 29,009 | 15,564 | PDF p. 121 |
| Other non-financial assetsSGD thousand | 3,156 | 14,147 | – | – | PDF p. 121 |
| Derivative financial instrumentsSGD thousand | – | 1 | – | – | PDF p. 121 |
| Cash and cash equivalentsSGD thousand | 9,800 | 19,007 | 584 | 2,691 | PDF p. 121 |
| Current assets before assets held for sale (unlabelled subtotal)SGD thousand | 155,957 | 165,016 | 32,850 | 24,404 | PDF p. 121 |
| Assets held for saleSGD thousand | 7,557 | – | – | – | PDF p. 121 |
| Total current assetsSGD thousand | 163,514 | 165,016 | 32,850 | 24,404 | PDF p. 121 |
| Total assetsSGD thousand | 175,094 | 184,637 | 51,675 | 59,639 | PDF p. 121 |
| Share capitalSGD thousand | 683,855 | 683,855 | 683,855 | 683,855 | PDF p. 121 |
| ReservesSGD thousand | (627,218) | (630,194) | (652,111) | (645,906) | PDF p. 121 |
| Equity attributable to owners of the CompanySGD thousand | 56,637 | 53,661 | 31,744 | 37,949 | PDF p. 121 |
| Non-controlling interestsSGD thousand | 7,040 | 7,710 | – | – | PDF p. 121 |
| Total equitySGD thousand | 63,677 | 61,371 | 31,744 | 37,949 | PDF p. 121 |
| Non-current lease liabilitiesSGD thousand | 1,155 | 2,059 | 1,155 | 1,831 | PDF p. 122 |
| Non-current other financial liabilitiesSGD thousand | 3,446 | 21,981 | 2,226 | 2,676 | PDF p. 122 |
| Total non-current liabilitiesSGD thousand | 4,601 | 24,040 | 3,381 | 4,507 | PDF p. 122 |
| Income tax payableSGD thousand | 5,777 | 5,439 | 289 | – | PDF p. 122 |
| Trade and other payablesSGD thousand | 17,817 | 22,148 | 1,684 | 1,784 | PDF p. 122 |
| Current derivative financial instrumentsSGD thousand | – | 24 | – | – | PDF p. 122 |
| Current lease liabilitiesSGD thousand | 903 | 964 | 677 | 595 | PDF p. 122 |
| Current other financial liabilitiesSGD thousand | 77,717 | 68,277 | 13,900 | 14,804 | PDF p. 122 |
| Other non-financial liabilitiesSGD thousand | 4,602 | 2,374 | – | – | PDF p. 122 |
| Total current liabilitiesSGD thousand | 106,816 | 99,226 | 16,550 | 17,183 | PDF p. 122 |
| Total liabilitiesSGD thousand | 111,417 | 123,266 | 19,931 | 21,690 | PDF p. 122 |
| Total equity and liabilitiesSGD thousand | 175,094 | 184,637 | 51,675 | 59,639 | PDF p. 122 |
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Original report: PDF p. 121 ↗ PDF p. 122 ↗
Historical Statements of Financial Position — FY2022 Report
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group (as reported in FY2022 report) | 2021Group (as reported in FY2022 report) | 2022Company (as reported in FY2022 report) | 2021Company (as reported in FY2022 report) | Source |
|---|---|---|---|---|---|
| Historical Group and Company financial position — FY2022 report | |||||
| Property, plant and equipmentSGD thousand | 4,572 | 1,860 | 2,551 | 22 | PDF p. 117 |
| Right-of-use assetsSGD thousand | 3,937 | 490 | 2,899 | – | PDF p. 117 |
| Investment propertiesSGD thousand | 12,753 | 16,593 | – | – | PDF p. 117 |
| GoodwillSGD thousand | 579 | 897 | – | – | PDF p. 117 |
| Investment in subsidiariesSGD thousand | – | – | 123 | 4 | PDF p. 117 |
| Investment in associateSGD thousand | 151 | 156 | – | – | PDF p. 117 |
| Financial assets at FVTPL, non-currentSGD thousand | 773 | 821 | – | – | PDF p. 117 |
| Other financial assets, non-currentSGD thousand | – | – | 25,420 | 7,718 | PDF p. 117 |
| Total non-current assetsSGD thousand | 22,765 | 20,817 | 30,993 | 7,744 | PDF p. 117 |
| InventoriesSGD thousand | 36,563 | 37,403 | – | – | PDF p. 117 |
| Trade and other receivablesSGD thousand | 83,253 | 46,555 | 6,001 | 6,683 | PDF p. 117 |
| Financial assets at FVTPL, currentSGD thousand | 1,726 | 1,704 | 1,726 | 1,704 | PDF p. 117 |
| Other financial assets, currentSGD thousand | – | – | 25,419 | 26,986 | PDF p. 117 |
| Other non-financial assetsSGD thousand | 12,149 | 368 | – | – | PDF p. 117 |
| Cash and cash equivalentsSGD thousand | 10,300 | 37,213 | 1,117 | 18,202 | PDF p. 117 |
| Total current assetsSGD thousand | 143,991 | 123,243 | 34,263 | 53,575 | PDF p. 117 |
| Total assetsSGD thousand | 166,756 | 144,060 | 65,256 | 61,319 | PDF p. 117 |
| Share capitalSGD thousand | 682,975 | 653,757 | 682,975 | 653,757 | PDF p. 117 |
| ReservesSGD thousand | (632,311) | (626,406) | (639,890) | (657,094) | PDF p. 117 |
| Equity attributable to owners of the CompanySGD thousand | 50,664 | 27,351 | 43,085 | (3,337) | PDF p. 117 |
| Non-controlling interestsSGD thousand | 8,016 | 5,925 | – | – | PDF p. 117 |
| Total equitySGD thousand | 58,680 | 33,276 | 43,085 | (3,337) | PDF p. 117 |
| Non-current lease liabilitiesSGD thousand | 3,058 | 310 | 2,427 | – | PDF p. 117 |
| Non-current other financial liabilitiesSGD thousand | 24,375 | 15,105 | 3,123 | 3,093 | PDF p. 117 |
| Total non-current liabilitiesSGD thousand | 27,433 | 15,415 | 5,550 | 3,093 | PDF p. 117 |
| Income tax payableSGD thousand | 5,407 | 5,449 | 90 | – | PDF p. 117 |
| Trade and other payablesSGD thousand | 22,955 | 22,746 | 1,789 | 22,433 | PDF p. 117 |
| Current lease liabilitiesSGD thousand | 965 | 190 | 537 | – | PDF p. 117 |
| Current other financial liabilitiesSGD thousand | 40,616 | 66,197 | 14,205 | 39,130 | PDF p. 117 |
| Other non-financial liabilitiesSGD thousand | 10,700 | 787 | – | – | PDF p. 117 |
| Total current liabilitiesSGD thousand | 80,643 | 95,369 | 16,621 | 61,563 | PDF p. 117 |
| Total liabilitiesSGD thousand | 108,076 | 110,784 | 22,171 | 64,656 | PDF p. 117 |
| Total equity and liabilitiesSGD thousand | 166,756 | 144,060 | 65,256 | 61,319 | PDF p. 117 |
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Original report: PDF p. 117 ↗
Historical Consolidated Cash Flows — FY2024 Report
47 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group (as reported in FY2024 report) | 2023Group (as reported in FY2024 report) | Source |
|---|---|---|---|
| Historical consolidated cashflows — FY2024 annual report | |||
| Profit / (loss) before taxSGD thousand | 2,531 | (1,107) | PDF p. 125 |
| Depreciation of property, plant and equipmentSGD thousand | 1,037 | 1,452 | PDF p. 125 |
| Depreciation of right-of-use assetsSGD thousand | 893 | 1,075 | PDF p. 125 |
| Deprecation of investment propertiesSGD thousand | 2,343 | 2,394 | PDF p. 125 |
| Depreciation of intangible assets other than goodwillSGD thousand | 9 | 127 | PDF p. 125 |
| Estimated credit loss allowance on other receivablesSGD thousand | 2,300 | – | PDF p. 125 |
| Fair value loss on reclassification of unquoted equity shares at FVTPL to investments in subsidiaries (Note 33A)SGD thousand | 3,246 | – | PDF p. 125 |
| Fair value loss on unquoted equity shares at FVTPLSGD thousand | 386 | – | PDF p. 125 |
| Fair value gain on quoted money market fund at FVTPLSGD thousand | – | (7) | PDF p. 125 |
| (Gain) / loss on disposals of quoted money market fund at FVTPLSGD thousand | (2) | 931 | PDF p. 125 |
| Gain on disposal of property, plant and equipmentSGD thousand | – | (39) | PDF p. 125 |
| Gain on disposal of subsidiariesSGD thousand | (716) | (580) | PDF p. 125 |
| Gain arising from loss of control on a group of subsidiariesSGD thousand | (7,615) | – | PDF p. 125 |
| Interest expenseSGD thousand | 5,612 | 5,214 | PDF p. 125 |
| Interest incomeSGD thousand | (315) | (114) | PDF p. 125 |
| Share of loss from equity-accounted associatesSGD thousand | 496 | – | PDF p. 125 |
| Share-based paymentsSGD thousand | 879 | 880 | PDF p. 125 |
| Net effect of foreign exchange rate in consolidating foreign operationsSGD thousand | 1,242 | 5,095 | PDF p. 125 |
| Operating cash flows before changes in working capitalSGD thousand | 12,326 | 15,321 | PDF p. 125 |
| InventoriesSGD thousand | (2,169) | 17,412 | PDF p. 125 |
| Trade and other receivablesSGD thousand | (9,609) | (29,056) | PDF p. 125 |
| Other non-financial assetsSGD thousand | 10,716 | (1,997) | PDF p. 125 |
| Derivative financial instrumentsSGD thousand | (23) | 27 | PDF p. 125 |
| Trade and other payablesSGD thousand | (4,835) | (807) | PDF p. 125 |
| Other non-financial liabilitiesSGD thousand | 2,586 | (8,326) | PDF p. 125 |
| Net cash flows from / (used in) operationsSGD thousand | 8,992 | (7,426) | PDF p. 125 |
| Income taxes paidSGD thousand | (822) | (1,105) | PDF p. 125 |
| Net cash flows from / (used in) operating activitiesSGD thousand | 8,170 | (8,531) | PDF p. 125 |
| Consideration receivable for disposal of a subsidiary (Note 21)SGD thousand | 1,746 | – | PDF p. 126 |
| Purchase of property, plant and equipmentSGD thousand | (287) | (808) | PDF p. 126 |
| Purchase of intangible assets other than goodwillSGD thousand | – | (415) | PDF p. 126 |
| Decrease in other financial assetsSGD thousand | (2,250) | (690) | PDF p. 126 |
| Disposal of property, plant and equipmentSGD thousand | – | 114 | PDF p. 126 |
| Interest receivedSGD thousand | 315 | 114 | PDF p. 126 |
| Disposal of subsidiaries (net of cash disposed) (Note 10)SGD thousand | (185) | – | PDF p. 126 |
| Acquisition of subsidiaries (net of cash acquired) (Note 33A)SGD thousand | 280 | – | PDF p. 126 |
| Net cash flows used in investing activitiesSGD thousand | (381) | (1,685) | PDF p. 126 |
| Lease liabilities — principal and interest portion paidSGD thousand | (975) | (1,177) | PDF p. 126 |
| Increase in new loans and borrowingsSGD thousand | 373 | 13,167 | PDF p. 126 |
| (Decrease) / increase in loans and borrowingsSGD thousand | (10,699) | 11,167 | PDF p. 126 |
| Net movements in amounts due to directorsSGD thousand | – | 933 | PDF p. 126 |
| Interest paidSGD thousand | (5,485) | (5,037) | PDF p. 126 |
| Net cash flows (used in) / from financing activitiesSGD thousand | (16,786) | 19,053 | PDF p. 126 |
| Net (decrease) / increase in cash and cash equivalentsSGD thousand | (8,997) | 8,837 | PDF p. 126 |
| Effect of cash and cash equivalent denominated in foreign currenciesSGD thousand | (210) | 72 | PDF p. 126 |
| Cash and cash equivalents, consolidated statement of cash flows, beginning balanceSGD thousand | 19,007 | 10,098 | PDF p. 126 |
| Cash and cash equivalents, consolidated statement of cash flows, ending balance (Note 24)SGD thousand | 9,800 | 19,007 | PDF p. 126 |
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Definitions & sources
Original report: PDF p. 125 ↗ PDF p. 126 ↗
Historical Consolidated Cash Flows — FY2022 Report
39 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group (as reported in FY2022 report) | 2021Group (as reported in FY2022 report) | Source |
|---|---|---|---|
| Historical consolidated cashflows — FY2022 annual report | |||
| (Loss)/Profit before taxSGD thousand | (10,814) | 9,503 | PDF p. 120 |
| Allowance for impairment on investmentsSGD thousand | 10 | 19 | PDF p. 120 |
| Depreciation of property, plant and equipmentSGD thousand | 876 | 128 | PDF p. 120 |
| Deprecation of investment propertiesSGD thousand | 2,583 | 2,307 | PDF p. 120 |
| Depreciation of right-of-use assetsSGD thousand | 520 | 153 | PDF p. 120 |
| Gain on disposal of plant and equipmentSGD thousand | (43) | – | PDF p. 120 |
| Interest expenseSGD thousand | 4,144 | 1,744 | PDF p. 120 |
| Interest incomeSGD thousand | (74) | (129) | PDF p. 120 |
| Goodwill written offSGD thousand | 318 | 85 | PDF p. 120 |
| Share of loss from equity-accounted associateSGD thousand | 5 | 14 | PDF p. 120 |
| Net effect of foreign exchange rate in consolidating foreign operationsSGD thousand | 5,722 | (5,802) | PDF p. 120 |
| Operating cash flows before changes in working capitalSGD thousand | 3,247 | 8,022 | PDF p. 120 |
| InventoriesSGD thousand | 840 | (22,308) | PDF p. 120 |
| Trade and other receivablesSGD thousand | (36,734) | (21,186) | PDF p. 120 |
| Other non-financial assetsSGD thousand | (11,781) | 958 | PDF p. 120 |
| Trade and other payablesSGD thousand | 4,838 | 491 | PDF p. 120 |
| Other non-financial liabilitiesSGD thousand | 7,913 | 185 | PDF p. 120 |
| Net cash flows used in operationsSGD thousand | (31,677) | (33,838) | PDF p. 120 |
| Income taxes paidSGD thousand | (959) | (361) | PDF p. 120 |
| Net cash flows used in operating activitiesSGD thousand | (32,636) | (34,199) | PDF p. 120 |
| Purchase of property, plant and equipmentSGD thousand | (3,701) | (2,105) | PDF p. 120 |
| Purchase of investment propertySGD thousand | – | (2) | PDF p. 120 |
| Acquisitions of subsidiaries (Note 31)SGD thousand | – | (483) | PDF p. 120 |
| Acquisitions of associateSGD thousand | – | (170) | PDF p. 120 |
| Increase in other financial assetsSGD thousand | 26 | 4,845 | PDF p. 120 |
| Disposal of property, plant and equipmentSGD thousand | 150 | (3) | PDF p. 120 |
| Interest receivedSGD thousand | 74 | 129 | PDF p. 120 |
| Net cash flows (used in)/from investing activitiesSGD thousand | (3,451) | 2,211 | PDF p. 120 |
| Issue of sharesSGD thousand | 29,218 | – | PDF p. 121 |
| Lease liabilities — principal and interest portion paidSGD thousand | (591) | (153) | PDF p. 121 |
| Increase in new loans and borrowingsSGD thousand | 32,670 | 49,243 | PDF p. 121 |
| (Decrease)/Increase in loans and borrowingsSGD thousand | (48,981) | 10,141 | PDF p. 121 |
| Net movements in amounts due to directorSGD thousand | – | 8 | PDF p. 121 |
| Interest paidSGD thousand | (4,144) | (1,732) | PDF p. 121 |
| Net cash flows from financing activitiesSGD thousand | 8,172 | 57,507 | PDF p. 121 |
| Net (decrease)/increase in cash and cash equivalentsSGD thousand | (27,915) | 25,519 | PDF p. 121 |
| Effect of cash and cash equivalent denominated in foreign currenciesSGD thousand | 1,002 | 210 | PDF p. 121 |
| Cash and cash equivalents, statement of cash flows, beginning balanceSGD thousand | 37,213 | 11,484 | PDF p. 121 |
| Cash and cash equivalents, statement of cash flows, ending balance (Note 21)SGD thousand | 10,300 | 37,213 | PDF p. 121 |
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Original report: PDF p. 120 ↗ PDF p. 121 ↗
Cash and Bank Balances by Currency
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Cash and Bank Balances by Currency | |||||
| Singapore dollarSGD thousand | 1,106 | 2,322 | 109 | 257 | PDF p. 170 |
| Australian dollarSGD thousand | 745 | - | - | - | PDF p. 170 |
| RenminbiSGD thousand | 635 | 3,113 | - | - | PDF p. 170 |
| United States dollarSGD thousand | 5,553 | 4,306 | 737 | 327 | PDF p. 170 |
| OthersSGD thousand | 87 | 59 | - | - | PDF p. 170 |
| Total cash and bank balancesSGD thousand | 8,126 | 9,800 | 846 | 584 | PDF p. 170 |
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Definitions & sources
Original report: PDF p. 170 ↗
Assets Held for Sale — Investment Properties
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Assets Held for Sale — Investment Properties | |||
| CostSGD thousand | 60,572 | 71,814 | PDF p. 170 |
| Accumulated depreciationSGD thousand | (54,198) | (64,257) | PDF p. 170 |
| Carrying amountSGD thousand | 6,374 | 7,557 | PDF p. 170 |
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Definitions & sources
Original report: PDF p. 170 ↗
Discontinued Operation — Live Marine Products
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Discontinued Operation — Live Marine Products | |||
| Rental incomeSGD thousand | 43 | 1,132 | PDF p. 180 |
| Gain on disposal of assets held for saleSGD thousand | 1,449 | - | PDF p. 180 |
| Other incomeSGD thousand | 201 | 123 | PDF p. 180 |
| Depreciation of investment properties (Note 6)SGD thousand | - | (2,343) | PDF p. 180 |
| Staff costsSGD thousand | (54) | (53) | PDF p. 180 |
| Other operating expensesSGD thousand | (15) | (65) | PDF p. 180 |
| Profit/(Loss) for the year attributable to discontinued operationSGD thousand | 1,624 | (1,206) | PDF p. 180 |
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Definitions & sources
Original report: PDF p. 180 ↗
EPS Calculation — Attributable Earnings
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | Source |
|---|---|---|---|
| EPS Calculation — Attributable Earnings | |||
| (Loss)/Profit attributable to ordinary shareholders from continuing and discontinued operationsSGD thousand | (7,680) | 1,162 | PDF p. 180 |
| (Loss)/Profit attributable to ordinary shareholders from continuing operationsSGD thousand | (9,304) | 2,368 | PDF p. 180 |
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Definitions & sources
Original report: PDF p. 180 ↗
EPS Calculation — Weighted Average Shares
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| EPS Calculation — Weighted Average Shares | |||
| Issued ordinary shares at beginning of yearshares | 25,665,018,696 | 25,665,018,696 | PDF p. 180 |
| Effect of ordinary shares issued during the yearshares | 77,646,640 | - | PDF p. 180 |
| Weighted average number of ordinary sharesshares | 25,742,665,336 | 25,665,018,696 | PDF p. 180 |
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Definitions & sources
Original report: PDF p. 180 ↗
Capital Management — Debt, Capital and Gearing
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Capital Management — Debt, Capital and Gearing | |||||
| Borrowings (Note 19)SGD thousand | 105,176 | 81,163 | 13,493 | 16,126 | PDF p. 196 |
| Lease liabilities (Note 20)SGD thousand | 1,945 | 2,058 | 1,155 | 1,832 | PDF p. 196 |
| Trade and other payables (Note 21)SGD thousand | 14,700 | 17,817 | 1,472 | 1,684 | PDF p. 196 |
| Total debtSGD thousand | 121,821 | 101,038 | 16,120 | 19,642 | PDF p. 196 |
| Less: Cash and bank balances (Note 15)SGD thousand | (8,126) | (9,800) | (846) | (584) | PDF p. 196 |
| Net debtSGD thousand | 113,695 | 91,238 | 15,274 | 19,058 | PDF p. 196 |
| Equity attributable to the owners of the CompanySGD thousand | 45,520 | 55,355 | 25,613 | 31,744 | PDF p. 196 |
| Total capitalSGD thousand | 45,520 | 55,355 | 25,613 | 31,744 | PDF p. 196 |
| Total capital and net debtSGD thousand | 159,215 | 146,593 | 40,887 | 50,802 | PDF p. 196 |
| Gearing ratio% | 71 | 62 | 37 | 38 | PDF p. 196 |
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Definitions & sources
Original report: PDF p. 196 ↗
FY2025 Financial Review — Headline Figures
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group (financial highlights in FY2025 report) | 2024Group (financial highlights in FY2025 report) | Source |
|---|---|---|---|
| FY2025 Financial Review — Headline Figures | |||
| Trading segment profit before taxSGD million | 2.3 | 0.2 | PDF p. 17 |
| Net working capitalSGD million | 70.8 | 55.9 | PDF p. 17 |
| Operating profit before working capital changesSGD million | 9.1 | 11.2 | PDF p. 17 |
| Total Group assetsSGD million | 180.5 | 172.8 | PDF p. 17 |
| RevenueSGD million | 279.5 | 289.5 | PDF p. 17 |
| Gross profitSGD million | 18.3 | 19.2 | PDF p. 17 |
| Net profitSGD million | -8.4 | 0.09 | PDF p. 17 |
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Definitions & sources
Original report: PDF p. 17 ↗
FY2024 Financial Highlights — As Originally Reported
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group (financial highlights in FY2024 report) | Source |
|---|---|---|
| FY2024 Financial Highlights — As Originally Reported | ||
| RevenueSGD million | 290.6 | PDF p. 16 |
| Gross ProfitSGD million | 20.3 | PDF p. 16 |
| Operating ProfitSGD million | 2.5 | PDF p. 16 |
| Net ProfitSGD million | 1.4 | PDF p. 16 |
| Total AssetsSGD million | 175.1 | PDF p. 16 |
| Total LiabilitiesSGD million | 111.4 | PDF p. 16 |
| Net Asset Value (NAV) per ShareSingapore cents per share | 0.22 | PDF p. 16 |
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Definitions & sources
Original report: PDF p. 16 ↗
FY2024 Financial Highlights — Printed Year-on-Year Changes
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group (financial highlights in FY2024 report) | Source |
|---|---|---|
| FY2024 Financial Highlights — Printed Year-on-Year Changes | ||
| Revenue — YoY change% | -16 | PDF p. 16 |
| Gross Profit — YoY change% | -20 | PDF p. 16 |
| Operating Profit — YoY change% | +327 | PDF p. 16 |
| Net Profit — YoY change% | +164 | PDF p. 16 |
| Total Assets — YoY change% | -5 | PDF p. 16 |
| Total Liabilities — YoY change% | -10 | PDF p. 16 |
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Definitions & sources
Original report: PDF p. 16 ↗
FY2022 Financial Highlights — Original Comparative Figures
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group (financial highlights in FY2022 report) | 2021Group (financial highlights in FY2022 report) | Source |
|---|---|---|---|
| FY2022 Financial Highlights — Original Comparative Figures | |||
| Record Revenue TurnoverSGD million | 234.5 | 140.4 | PDF p. 11 |
| Net AssetsSGD million | 58.7 | 33.3 | PDF p. 11 |
| Gross ProfitSGD million | 18.4 | 10.3 | PDF p. 11 |
| Working CapitalSGD million | 63.3 | 27.9 | PDF p. 11 |
| Loans ReducedSGD million | 65.0 | 81.3 | PDF p. 11 |
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Definitions & sources
Original report: PDF p. 11 ↗
FY2022 Financial Highlights — Printed Growth
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group (financial highlights in FY2022 report) | Source |
|---|---|---|
| FY2022 Financial Highlights — Printed Growth | ||
| Record Revenue Turnover — growth% | +67 | PDF p. 11 |
| Net Assets — growth% | +76 | PDF p. 11 |
| Gross Profit — growth% | +79 | PDF p. 11 |
| Working Capital — growth% | +127 | PDF p. 11 |
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Definitions & sources
Original report: PDF p. 11 ↗
Where the money comes from
Segment information
By business
Major customers revenue 5 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Information about major customers | |||
| Customer A (trading segment)S$ | 80,704 | 53,145 | PDF p. 185 |
| Customer B (trading segment)S$ | 34,422 | 48,789 | PDF p. 185 |
| Customer C (trading segment)S$ | 34,044 | - | PDF p. 185 |
| Customer D (trading segment)S$ | - | 30,899 | PDF p. 185 |
| TotalS$ | 149,170 | 132,833 | PDF p. 185 |
Notes
Revenue from three customers (2024: three customers) which individually contributed ten percent or more amounted to S$149,170,000 (2024: S$132,833,000). Amounts as printed in the table (S$ column header; presumably S$'000).
By geography
Geographical information - Revenue and Non-current assets 6 lines
| Item / unit | 2025Group Revenue | 2024Group Revenue | 2025Group Non-current assets | 2024Group Non-current assets (Restated) | Source |
|---|---|---|---|---|---|
| Principal markets | |||||
| Hong Kong SARnot stated | 145,265 | 105,524 | - | - | PDF p. 185 |
| Singaporenot stated | 24,948 | 21,335 | 5,136 | 6,658 | PDF p. 185 |
| Australianot stated | 7,792 | - | - | - | PDF p. 185 |
| Macaunot stated | 2,306 | 31,381 | - | - | PDF p. 185 |
| Thailandnot stated | 397 | 175 | - | - | PDF p. 185 |
| Othersnot stated | 358 | - | - | - | PDF p. 185 |
Notes
Revenue is based on the country in which the customer is located. Non-current assets are shown by the geographical area in which the assets are located.
Units not printed in the table header; the major customer table is in S$ and the figures are presumably in S$'000 but this is not stated on the page.
One row between Hong Kong SAR and Singapore (98,494 / 132,196 / 947 / 3,470) has no printed label in the text layer, so it was not extracted.
The 2024 Non-current assets column is marked (Restated).
Total row: 279,560 290,611 6,083 10,128 (unlabelled in text layer).
Debt
Borrowings
Borrowing notes 3 tables
Borrowings (non-current and current)
| Item / unit | 2025The Group | 2024The Group | 2025The Company | 2024The Company | Source |
|---|---|---|---|---|---|
| Non-current | |||||
| Bank loans (unsecured)S$'000 | 2,129 | 2,617 | 1,767 | 2,226 | PDF p. 172 |
| Bank loan (secured)S$'000 | - | 829 | - | - | PDF p. 172 |
| Loans from non-controlling interestsS$'000 | 7,352 | - | - | - | PDF p. 172 |
| Loan from a related partyS$'000 | 1,998 | - | - | - | PDF p. 172 |
| Loans from third partiesS$'000 | 13,860 | - | 3,170 | - | PDF p. 172 |
| Total non-current borrowingsS$'000 | 25,339 | 3,446 | 4,937 | 2,226 | PDF p. 172 |
| Current | |||||
| Bank loans (unsecured)S$'000 | 1,655 | 460 | 460 | 444 | PDF p. 172 |
| Bank loan (secured)S$'000 | 730 | 761 | - | - | PDF p. 172 |
| Loans from non-controlling interestsS$'000 | 4,996 | 7,793 | - | - | PDF p. 172 |
| Loan from a directorS$'000 | 919 | 934 | - | - | PDF p. 172 |
| Loans from third partiesS$'000 | 13,152 | 27,207 | - | 5,360 | PDF p. 172 |
| Convertible loan noteS$'000 | 8,096 | 8,096 | 8,096 | 8,096 | PDF p. 172 |
| Trust receiptsS$'000 | 50,289 | 32,466 | - | - | PDF p. 172 |
| Total current borrowingsS$'000 | 79,837 | 77,717 | 8,556 | 13,900 | PDF p. 172 |
| Total | |||||
| Total borrowingsS$'000 | 105,176 | 81,163 | 13,493 | 16,126 | PDF p. 172 |
Notes
Unit not printed in note header; S$'000 assumed from financial statements (not converted).
Bank loans fixed 2.5% to 6.5% p.a. (2024: 2.5% to 6.5%), repayable Nov 2026 to May 2030 (2024: May 2025 to Nov 2027). Secured bank loan secured by joint and several corporate guarantees from the Company and a non-controlling interest.
Loans from non-controlling interests unsecured, fixed 4% to 7% p.a. (2024: 4%), repayable Feb 2026 to May 2027 (2024: May 2025).
Loan from a related party unsecured, 8.5% fixed, repayable 14 March 2027.
Loan from a director unsecured, 2% fixed, repayable 22 December 2026 (2024: 21 December 2025).
Loans from third parties unsecured, fixed 7% to 12% (2024: 7% to 9%), repayable Feb 2026 to Dec 2027.
Convertible loan note US$6,000,000 issued 22 March 2022, 4.00% fixed, redeemable 22 March 2026 at par if not converted.
Trust receipts floating 4.87% to 8.46% (2024: 4.23% to 6.78%), maturity 5 to 210 days (2024: 7 to 120 days); secured by corporate guarantees and inventories of S$6,889,000.
Borrowings by currency denomination
| Item / unit | 2025The Group | 2024The Group | 2025The Company | 2024The Company | Source |
|---|---|---|---|---|---|
| Currency | |||||
| Singapore dollarS$'000 | 36,803 | 31,501 | 5,397 | 8,030 | PDF p. 174 |
| United States dollarS$'000 | 54,983 | 44,833 | 8,096 | 8,096 | PDF p. 174 |
| RenminbiS$'000 | 2,477 | 1,307 | - | - | PDF p. 174 |
| Australian dollarS$'000 | 10,913 | 3,522 | - | - | PDF p. 174 |
| TotalS$'000 | 105,176 | 81,163 | 13,493 | 16,126 | PDF p. 174 |
Notes
Unit not printed; S$'000 assumed.
Lease liabilities (Note 20)
| Item / unit | 2025The Group | 2024The Group | 2025The Company | 2024The Company | Source |
|---|---|---|---|---|---|
| Undiscounted lease payments due | |||||
| - Not later than one yearS$'000 | 1,097 | 984 | 793 | 754 | PDF p. 175 |
| - Later than one year and not later than five yearsS$'000 | 961 | 1,198 | 406 | 1,198 | PDF p. 175 |
| Lease liabilities | |||||
| Less: Unearned interest costS$'000 | (113) | (124) | (44) | (120) | PDF p. 175 |
| Represented by | |||||
| - Non-currentS$'000 | 928 | 1,155 | 402 | 1,155 | PDF p. 175 |
| - CurrentS$'000 | 1,017 | 903 | 753 | 677 | PDF p. 175 |
Notes
Unit not printed; S$'000 assumed. Lease liabilities denominated in Singapore dollar.
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 dividend will depend on the Group’s earnings, financial position, results of operations, capital needs, plans for expansion and other factors that the Board may deem appropriate. | Company | PDF p. 97 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend declared or recommended FY2025 | The Board did not declare or recommend any dividend payments for FY2025, as the Company was not profitable in FY2025. | FY2025 | PDF p. 97 |
Extracted from Oceanus Group Limited Annual Report FY2025 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 signature | Foo Kon Tan LLP | Group | PDF p. 120 |
| Audit report date | 15 April 2026 | Group · As at 2026-04-15 | PDF p. 120 |
| Opinion | properly drawn up in accordance with the | Group and Company | PDF p. 115 |
| Other Matter | another auditor who expressed an unmodified opinion on those financial statements on 7 April 2025 | Group, FY2024 comparatives · As at 2025-04-07 | PDF p. 117 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Accounting for step acquisition of subsidiaries with non-controlling interests (refer to Note 7 to the financial statements) | There is inherent uncertainty in the determination of the fair values of the identifiable assets acquired and liabilities assumed in the business combination. | Group | PDF p. 116 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern | there is no material | Group and Company | PDF p. 131 |
| Going concern | S$8,391,000 | Group | PDF p. 131 |
Extracted from Oceanus Group Limited Annual Report FY2025 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 Oceanus Group Limited Annual Report FY2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Units follow each row. Group and Company figures remain distinct. The latest report separately discloses Company financial position; income, equity changes and cashflow are Group consolidated.
FY2021–2024 figures reproduce the original FY2022 and FY2024 reports. FY2024 comparatives in the FY2025 report are restated and reclassified, with continuing and discontinued operations separated.
FY2024 total-operations EPS is printed as 0.01 Singapore cent. SGD 1,162 thousand over 25,665,018,696 weighted shares implies approximately 0.00453 cent (0.00 at two decimals); original EPS is retained.
Original FY2024 operating cashflow is 8,170, versus 8,169 in Note 38’s previously-stated column; financing is (16,786), versus (16,785) in the later comparative. FY2023 opening cash of 10,098 in the FY2024 report differs from FY2022 closing cash of 10,300 in the FY2022 report.
FY2021 highlighted gross profit is 10.3 million; revenue less inventory cost gives 10.226 million. The highlight does not define its formula; the source figure is retained.
No formal dividend policy is adopted. PRC bank funds of RMB 3,410,000 (SGD 635,000) in FY2025 and RMB 16,554,000 (SGD 3,106,000) in FY2024 are subject to exchange controls. Gearing is net debt divided by owners’ capital plus net debt; net debt includes borrowings, leases and payables less cash.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.