Annual Report 2026
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Income statement | |||
| Revenue$ | 6,954,860 | 7,365,107 | PDF p. 22 |
| Cost of sales$ | (7,265,085) | (7,677,335) | PDF p. 22 |
| Gross loss$ | (310,225) | (312,228) | PDF p. 22 |
| Other income$ | 51,575 | 42,468 | PDF p. 22 |
| Distribution and selling expenses$ | (785,378) | (699,986) | PDF p. 22 |
| Administrative expenses$ | (1,440,909) | (1,459,822) | PDF p. 22 |
| Other expenses$ | (12,802) | (43,220) | PDF p. 22 |
| Results from operating activities$ | (2,497,739) | (2,472,788) | PDF p. 22 |
| Finance costs$ | (26,534) | (21,811) | PDF p. 22 |
| Finance income$ | 20,832 | 103,362 | PDF p. 22 |
| Net finance (loss)/income$ | (5,702) | 81,551 | PDF p. 22 |
| Loss before tax$ | (2,503,441) | (2,391,237) | PDF p. 22 |
| Taxation$ | 233 | 660 | PDF p. 22 |
| Loss for the year$ | (2,503,208) | (2,390,577) | PDF p. 22 |
| Loss attributable to | |||
| Owners of the Company$ | (2,503,208) | (2,390,577) | PDF p. 22 |
| Loss per share attributable to owners of the Company (cents per share) | |||
| Basiccents per share | (2.33) | (2.22) | PDF p. 22 |
| Dilutedcents per share | (2.33) | (2.22) | PDF p. 22 |
Original report: PDF p. 22 ↗
Currency $ as printed. No separate Company income statement is presented.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Comprehensive income | |||
| Loss for the year$ | (2,503,208) | (2,390,577) | PDF p. 23 |
| Other comprehensive income: Item that may be reclassified subsequently to profit or loss | |||
| Foreign currency translation differences$ | 191,097 | 124,790 | PDF p. 23 |
| Other comprehensive income | |||
| Total other comprehensive income for the year, net of taxation$ | 191,097 | 124,790 | PDF p. 23 |
| Comprehensive income | |||
| Total comprehensive loss for the year$ | (2,312,111) | (2,265,787) | PDF p. 23 |
| Total comprehensive loss attributable to | |||
| Owners of the Company$ | (2,312,111) | (2,265,787) | PDF p. 23 |
Original report: PDF p. 23 ↗
Currency $ as printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipment$ | 3,531,726 | 3,504,062 | 39,644 | 47,573 | PDF p. 24 |
| Right-of-use assets$ | 368,810 | 606,840 | - | - | PDF p. 24 |
| Investments in subsidiary companies$ | - | - | 6,369,104 | 8,356,335 | PDF p. 24 |
| Intangible assets$ | 267 | 7,907 | - | - | PDF p. 24 |
| Deferred tax assets$ | 8,468 | 8,235 | 8,468 | 8,235 | PDF p. 24 |
| Trade and other receivables$ | 95,777 | 95,444 | - | - | PDF p. 24 |
| Subtotal$ | 4,005,048 | 4,222,488 | 6,417,216 | 8,412,143 | PDF p. 24 |
| Current assets | |||||
| Inventories$ | 622,955 | 296,272 | - | - | PDF p. 24 |
| Trade and other receivables$ | 1,734,964 | 1,415,739 | 2,099,888 | 2,073,731 | PDF p. 24 |
| Prepayments$ | 80,109 | 77,372 | 27,018 | 23,115 | PDF p. 24 |
| Loan to a subsidiary company$ | - | - | - | - | PDF p. 24 |
| Cash and cash equivalents$ | 1,486,552 | 3,620,646 | 27,961 | 23,312 | PDF p. 24 |
| Subtotal$ | 3,924,580 | 5,410,029 | 2,154,867 | 2,120,158 | PDF p. 24 |
| Current liabilities | |||||
| Trade and other payables$ | 2,314,680 | 1,469,525 | 379,390 | 337,856 | PDF p. 24 |
| Lease liabilities$ | 259,334 | 235,933 | - | - | PDF p. 24 |
| Subtotal$ | 2,574,014 | 1,705,458 | 379,390 | 337,856 | PDF p. 24 |
| Net current assets | |||||
| Net current assets$ | 1,350,566 | 3,704,571 | 1,775,477 | 1,782,302 | PDF p. 24 |
| Non-current liabilities | |||||
| Lease liabilities$ | 186,171 | 445,505 | - | - | PDF p. 24 |
| Provisions$ | 35,000 | 35,000 | - | - | PDF p. 24 |
| Subtotal$ | 221,171 | 480,505 | - | - | PDF p. 24 |
| Net assets | |||||
| Net assets$ | 5,134,443 | 7,446,554 | 8,192,693 | 10,194,445 | PDF p. 24 |
| Equity attributable to owners of the Company | |||||
| Share capital$ | 12,852,187 | 12,852,187 | 12,852,187 | 12,852,187 | PDF p. 24 |
| Translation reserve$ | 128,904 | (62,193) | - | - | PDF p. 24 |
| Accumulated losses$ | (7,846,648) | (5,343,440) | (4,659,494) | (2,657,742) | PDF p. 24 |
| Subtotal$ | 5,134,443 | 7,446,554 | 8,192,693 | 10,194,445 | PDF p. 24 |
Original report: PDF p. 24 ↗
Currency $ as printed. Subtotal rows have no printed label.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 30 June 2026, $ | 2025Group, year ended 30 June 2025, $ | Source |
|---|---|---|---|
| Profit | |||
| Loss for the year$ | (2,503,208) | (2,390,577) | PDF p. 23 |
| Other comprehensive income: Item that may be reclassified subsequently to profit or loss | |||
| Foreign currency translation differences$ | 191,097 | 124,790 | PDF p. 23 |
| Other comprehensive income | |||
| Total other comprehensive income for the year, net of taxation$ | 191,097 | 124,790 | PDF p. 23 |
| Total comprehensive loss | |||
| Total comprehensive loss for the year$ | (2,312,111) | (2,265,787) | PDF p. 23 |
| Total comprehensive loss attributable to | |||
| Owners of the Company$ | (2,312,111) | (2,265,787) | PDF p. 23 |
Original report: PDF p. 23 ↗
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
No non-controlling interests shown; all attributable to owners of the Company.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, Share capital (Note 19), $ | 2026Group, Accumulated losses, $ | 2026Group, Translation reserve (Note 20), $ | 2026Group, Total equity, $ | Source |
|---|---|---|---|---|---|
| 2026 | |||||
| At 1 July 2025$ | 12,852,187 | (5,343,440) | (62,193) | 7,446,554 | PDF p. 25 |
| Loss for the year$ | - | (2,503,208) | - | (2,503,208) | PDF p. 25 |
| 2026 Other comprehensive income | |||||
| Foreign currency translation differences$ | - | - | 191,097 | 191,097 | PDF p. 25 |
| Other comprehensive income for the year, net of taxation$ | - | - | 191,097 | 191,097 | PDF p. 25 |
| 2026 | |||||
| Total comprehensive loss for the year$ | - | (2,503,208) | 191,097 | (2,312,111) | PDF p. 25 |
| At 30 June 2026$ | 12,852,187 | (7,846,648) | 128,904 | 5,134,443 | PDF p. 25 |
Original report: PDF p. 25 ↗
The accompanying accounting policies and explanatory notes form an integral part of the financial statements
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, Share capital (Note 19), $ | 2025Group, Accumulated losses, $ | 2025Group, Translation reserve (Note 20), $ | 2025Group, Total equity, $ | Source |
|---|---|---|---|---|---|
| 2025 | |||||
| At 1 July 2024$ | 12,852,187 | (2,952,863) | (186,983) | 9,712,341 | PDF p. 25 |
| Loss for the year$ | - | (2,390,577) | - | (2,390,577) | PDF p. 25 |
| 2025 Other comprehensive loss | |||||
| Foreign currency translation differences$ | - | - | 124,790 | 124,790 | PDF p. 25 |
| Other comprehensive loss for the year, net of taxation$ | - | - | 124,790 | 124,790 | PDF p. 25 |
| 2025 | |||||
| Total comprehensive loss for the year$ | - | (2,390,577) | 124,790 | (2,265,787) | PDF p. 25 |
| At 30 June 2025$ | 12,852,187 | (5,343,440) | (62,193) | 7,446,554 | PDF p. 25 |
Original report: PDF p. 25 ↗
The accompanying accounting policies and explanatory notes form an integral part of the financial statements
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 30 June 2026, $ | 2025Group, year ended 30 June 2025, $ | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Loss before tax$ | (2,503,441) | (2,391,237) | PDF p. 26 |
| Operating - Adjustments for | |||
| Depreciation of property, plant and equipment$ | 152,471 | 172,871 | PDF p. 26 |
| Depreciation of right-of-use assets$ | 238,030 | 174,685 | PDF p. 26 |
| Amortisation of intangible assets$ | 1,164 | 3,172 | PDF p. 26 |
| Write-off of property, plant and equipment$ | 219 | - | PDF p. 26 |
| Gain on sale of intangible assets$ | (8,347) | - | PDF p. 26 |
| Gain on sale of property, plant and equipment$ | (1,845) | (2,413) | PDF p. 26 |
| Interest expense - lease liabilities$ | 26,534 | 21,811 | PDF p. 26 |
| Interest income$ | (20,832) | (103,362) | PDF p. 26 |
| Write-off of inventories$ | 541 | 1,703 | PDF p. 26 |
| Write-back of inventories, net$ | (5,263) | (9,638) | PDF p. 26 |
| Unrealised exchange loss$ | 2,798 | 201 | PDF p. 26 |
| Operating | |||
| Operating cash flows before changes in working capital$ | (2,117,971) | (2,132,207) | PDF p. 26 |
| Changes in working capital: (Increase)/decrease in | |||
| Inventories$ | (314,589) | 356,937 | PDF p. 26 |
| Trade and other receivables$ | (300,346) | 98,023 | PDF p. 26 |
| Prepayments$ | (335) | (8,448) | PDF p. 26 |
| Changes in working capital: Increase/(decrease) in | |||
| Trade and other payables$ | 825,782 | (7,798) | PDF p. 26 |
| Operating | |||
| Total changes in working capital$ | 210,512 | 438,714 | PDF p. 26 |
| Cash flows from operations$ | (1,907,459) | (1,693,493) | PDF p. 26 |
| Interest received$ | 20,832 | 123,126 | PDF p. 26 |
| Net cash flows used in operating activities$ | (1,886,627) | (1,570,367) | PDF p. 26 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment$ | (7,462) | (16,392) | PDF p. 27 |
| Purchase of intangible assets$ | (159) | (287) | PDF p. 27 |
| Proceeds from disposal of intangible assets$ | 15,000 | - | PDF p. 27 |
| Proceeds from sale of property, plant and equipment$ | 1,845 | 2,420 | PDF p. 27 |
| Net cash flows generated from/(used in) investing activities$ | 9,224 | (14,259) | PDF p. 27 |
| Cash flows from financing activities | |||
| Interest paid$ | (26,534) | (21,811) | PDF p. 27 |
| Payment of principal portion of lease liabilities$ | (235,933) | (124,503) | PDF p. 27 |
| Net cash flows used in financing activities$ | (262,467) | (146,314) | PDF p. 27 |
| Net change in cash | |||
| Net decrease in cash and cash equivalents$ | (2,139,870) | (1,730,940) | PDF p. 27 |
| Effect of exchange rate changes on cash and cash equivalents$ | 5,776 | (13,986) | PDF p. 27 |
| Cash and cash equivalents at beginning of year$ | 3,620,646 | 5,365,572 | PDF p. 27 |
| Cash and cash equivalents at end of year$ | 1,486,552 | 3,620,646 | PDF p. 27 |
Original report: PDF p. 26 ↗ PDF p. 27 ↗
Statement spans pages 26-27. The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group, FY2024 | 2025Group, FY2025 | 2026Group, FY2026 | Source |
|---|---|---|---|---|
| Per share | ||||
| BASIC/DILUTED LOSS PER SHARE (In Cents)cents | (2.53) | (2.22) | (2.33) | PDF p. 9 |
| Income | ||||
| LOSS AFTER TAX (In S$Million)S$ million | (2.7) | (2.4) | (2.5) | PDF p. 9 |
Original report: PDF p. 9 ↗
Values read from bar-chart data labels; text extraction is interleaved. The FY2024 turnover label could be 8.2 or the stray 8.6 also present in the extracted text; the 8.2 assignment is not certain. Bar-to-year mapping for turnover and NAV inferred from chart order.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY ended 30 June 2026 | 2025Group, FY ended 30 June 2025 | Source |
|---|---|---|---|
| Loss per share attributable to owners of the Company | |||
| Basiccents per share | (2.33) | (2.22) | PDF p. 22 |
| Dilutedcents per share | (2.33) | (2.22) | PDF p. 22 |
Original report: PDF p. 22 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Loss per share | |||
| Weighted average number of ordinary shares for basic and diluted loss per share computationnumber of shares | 107,580,980 | 107,580,980 | PDF p. 47 |
Original report: PDF p. 47 ↗
Basic and diluted loss per share are calculated by dividing the loss for the year attributable to owners of the Company by the weighted average number of ordinary shares. No share options were granted in FY2026 or FY2025.
Where the money comes from
| Item / unit | 2026Precision engineering | 2026Trading and distribution | 2026Investment and management services | 2026Adjustments and eliminations | 2026Total | 2025Precision engineering | 2025Trading and distribution | 2025Investment and management services | 2025Adjustments and eliminations | 2025Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Sales to external customers$ | 3,480,800 | 3,474,060 | - | - | 6,954,860 | 3,379,232 | 3,985,875 | - | - | 7,365,107 | PDF p. 72PDF p. 73 |
| Inter-segment sales$ | - | - | 1,068,000 | (1,068,000) | - | - | - | 1,068,000 | (1,068,000) | - | PDF p. 72PDF p. 73 |
| Total revenue$ | 3,480,800 | 3,474,060 | 1,068,000 | (1,068,000) | 6,954,860 | 3,379,232 | 3,985,875 | 1,068,000 | (1,068,000) | 7,365,107 | PDF p. 72PDF p. 73 |
| Results | |||||||||||
| Interest income$ | 20,832 | - | - | - | 20,832 | 103,362 | - | - | - | 103,362 | PDF p. 72PDF p. 73 |
| Interest expense - lease liabilities$ | (26,534) | - | - | - | (26,534) | (21,811) | - | - | - | (21,811) | PDF p. 72PDF p. 73 |
| Depreciation of plant and equipment$ | (143,057) | (255) | (9,159) | - | (152,471) | (163,311) | (410) | (9,150) | - | (172,871) | PDF p. 72PDF p. 73 |
| Depreciation of right-of-use assets$ | (238,030) | - | - | - | (238,030) | (174,685) | - | - | - | (174,685) | PDF p. 72PDF p. 73 |
| Amortisation of intangible assets$ | (1,164) | - | - | - | (1,164) | (3,074) | - | (98) | - | (3,172) | PDF p. 72PDF p. 73 |
| Impairment loss on loan to a subsidiary company$ | - | - | - | - | - | - | - | - | - | - | PDF p. 72PDF p. 73 |
| Other non-cash movements$ | 14,695 | - | - | - | 14,695 | 10,348 | - | - | - | 10,348 | PDF p. 72PDF p. 73 |
| Taxation$ | - | - | 233 | - | 233 | - | - | 660 | - | 660 | PDF p. 72PDF p. 73 |
| Segment (loss)/profit$ | (2,499,517) | 2,185 | (2,001,752) | 1,995,876 | (2,503,208) | (2,416,857) | 53,976 | (14,039) | (13,657) | (2,390,577) | PDF p. 72PDF p. 73 |
| Assets | |||||||||||
| Additions to non-current assets$ | 6,391 | - | 1,230 | - | 7,621 | 14,585 | 615 | 1,479 | - | 16,679 | PDF p. 72PDF p. 73 |
| Segment assets$ | 6,960,967 | 1,697,475 | 8,572,083 | (9,300,897) | 7,929,628 | 8,388,048 | 1,516,921 | 10,524,066 | (10,804,753) | 9,624,282 | PDF p. 72PDF p. 73 |
| Liabilities | |||||||||||
| Segment liabilities$ | 8,751,493 | 626,094 | 379,390 | (6,961,792) | 2,795,185 | 7,862,258 | 464,265 | 337,856 | (6,478,416) | 2,185,963 | PDF p. 72PDF p. 73 |
Notes A-F: A Inter-segment revenues are eliminated on consolidation. B Allowance for impairment loss for loan to a subsidiary, Santak Metal Manufacturing Pte. Ltd. C Other non-cash movements consist of net write-back of inventories $5,263 (2025: $9,638), write-off of inventories $541 (2025: $1,703), gain on sale of intangible assets $8,347 (2025: $Nil), gain on sale of PPE $1,845 (2025: $2,413) and write-off of PPE $219 (2025: $Nil). D Additions to non-current assets mainly comprises additions to property, plant and equipment. E Deducted from segment assets: Investments in subsidiary companies (6,369,104) (2025: (8,356,335)); Inter-segment assets (2,931,793) (2025: (2,448,418)); total (9,300,897) (2025: (10,804,753)). F Inter-segment liabilities deducted: (6,961,792) (2025: (6,478,416)).
Segment performance is evaluated based on operating profit or loss, measured differently in certain respects from the consolidated financial statements.
Notes A-F as printed on page 72 (see 2026 table notes). Note markers A-F appear at differing positions in the printed 2025 table.
| Item / unit | 2026revenue from major customers | 2025revenue from major customers | Source |
|---|---|---|---|
| Major customers | |||
| Customer A$ | 2,724,439 | 12,424 | PDF p. 75 |
| Customer B$ | 2,102,664 | 2,465,860 | PDF p. 75 |
| Customer C$ | 1,279,119 | 1,332,055 | PDF p. 75 |
| Customer D$ | 400,014 | 938,275 | PDF p. 75 |
| Customer E$ | 97,337 | 2,206,685 | PDF p. 75 |
| Total (unlabelled)$ | 6,603,573 | 6,955,299 | PDF p. 75 |
The Group derives revenue from five (2025: five) major customers from precision engineering segment and trading and distribution segment respectively. The total row has no printed label.
| Item / unit | 2026Revenue (by location of customers) | 2026Non-current assets (by location of assets) | 2025Revenue (by location of customers) | 2025Non-current assets (by location of assets) | Source |
|---|---|---|---|---|---|
| Singapore$ | 165,070 | 563,056 | 144,518 | 847,927 | PDF p. 75 |
| United States of America$ | 3,387,096 | - | 3,881,642 | - | PDF p. 75 |
| Malaysia$ | 2,835,448 | 3,441,992 | 150,170 | 3,374,561 | PDF p. 75 |
| Ireland$ | 400,014 | - | 938,275 | - | PDF p. 75 |
| Thailand$ | 134,969 | - | 2,227,265 | - | PDF p. 75 |
| Others$ | 32,263 | - | 23,237 | - | PDF p. 75 |
| Total$ | 6,954,860 | 4,005,048 | 7,365,107 | 4,222,488 | PDF p. 75 |
Non-current assets consist of property, plant and equipment, right-of-use assets, intangible assets, deferred tax assets and other receivables as presented in the consolidated statement of financial position.
Same footnote on non-current assets as the 2026 geographical table.
Debt
| Item / unit | 2026Within 1 year | 20261 to 5 years | 2026Total | Source |
|---|---|---|---|---|
| 2026 Financial liabilities and lease liabilities | ||||
| Lease liabilities$ | (274,521) | (189,404) | (463,925) | PDF p. 67 |
Contractual undiscounted payments. No 'after five years' bucket is printed.
| Item / unit | 2026Group 2026 – Within 1 year | 2026Group 2026 – 1 to 5 years | 2026Group 2026 – Total | 2025Group 2025 – Within 1 year | 2025Group 2025 – 1 to 5 years | 2025Group 2025 – Total | Source |
|---|---|---|---|---|---|---|---|
| Financial liabilities and lease liabilities | |||||||
| Lease liabilities$ | (274,521) | (189,404) | (463,925) | (262,470) | (463,925) | (726,395) | PDF p. 67 |
Contractual undiscounted payments. No 'after five years' bucket is printed.
| Item / unit | 202630 June 2026 | 202530 June 2025 | Source |
|---|---|---|---|
| Lease liabilities | |||
| Current$ | 259,334 | 235,933 | PDF p. 61 |
| Non-current$ | 186,171 | 445,505 | PDF p. 61 |
There are no right-of-use assets and lease liabilities in the Company.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 – Dividend policy | The Company does not have a formal policy on the payment of dividends. However, the Board is mindful of the need to reward shareholders as and when the performance of the Company, its projected capital requirements, cash-flow and operating requirements, allow for the payment of dividends. | Company | PDF p. 109 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| For FY2026, no dividend has been proposed | For FY2026, no dividend has been proposed by the Board as the Group intends to conserve cash for working capital and capital expenditure purposes (FY2025: Nil). | FY2026 and comparative FY2025: Nil | PDF p. 109 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Nexia Singapore PAC | Group | PDF p. 21 |
| Engagement partner | Chang Fook Kay | Group | PDF p. 21 |
| Opinion | properly drawn up in accordance with the provisions of the Singapore Companies Act 1967 | Group and Company | PDF p. 15 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Impairment assessment of property, plant and equipment (“PPE”) (the Group) | PPE carried at cost are subject to impairment assessment. | Group | PDF p. 16 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern basis | the directors are of the view that the use of the going concern basis of accounting in the preparation of these financial statements is appropriate. | Group | PDF p. 29 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2026, 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.