Asian Micro 585
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+0.00% +0.00 Updated 10 Nov 2026, 16:33 SGT
Financials
Annual Report 2026
Explore the statements
12 tablesBalance sheets (part 1: assets and current liabilities) - Group and Company
23 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Plant and equipment$ | 5,722 | 19,350 | 3,976 | 7,813 | PDF p. 71 |
| Investment properties$ | – | 338,226 | – | – | PDF p. 71 |
| Investments in subsidiaries$ | – | – | 2,090,565 | 2,090,565 | PDF p. 71 |
| Other receivables$ | 40,430 | 38,519 | – | – | PDF p. 71 |
| Subtotal$ | 46,152 | 396,095 | 2,094,541 | 2,098,378 | PDF p. 71 |
| Current assets | |||||
| Development properties$ | 3,844,425 | 3,100,116 | – | – | PDF p. 71 |
| Inventories$ | 64,786 | 15,274 | – | – | PDF p. 71 |
| Trade and other receivables$ | 798,618 | 741,535 | 6,616 | 6,922 | PDF p. 71 |
| Prepayments$ | 23,592 | 28,943 | 10,595 | 16,853 | PDF p. 71 |
| Due from subsidiaries (non-trade), net$ | – | – | 4,077 | 3,108 | PDF p. 71 |
| Income tax recoverable$ | 27,751 | 4,000 | – | – | PDF p. 71 |
| Cash and cash equivalents$ | 226,926 | 599,161 | 8,345 | 19,236 | PDF p. 71 |
| Subtotal$ | 4,986,098 | 4,489,029 | 29,633 | 46,119 | PDF p. 71 |
| Assets | |||||
| Total assets$ | 5,032,250 | 4,885,124 | 2,124,174 | 2,144,497 | PDF p. 71 |
| Current liabilities | |||||
| Trade and other payables$ | 1,024,838 | 1,948,227 | 18,172 | 12,830 | PDF p. 71 |
| Accrued expenses$ | 860,623 | 1,218,675 | 322,517 | 494,388 | PDF p. 71 |
| Due to subsidiaries (non-trade), net$ | – | – | 98,791 | 98,791 | PDF p. 71 |
| Loan from director$ | 344,612 | 301,987 | – | – | PDF p. 71 |
| Lease liabilities$ | – | 41,362 | – | 34,064 | PDF p. 71 |
| Income tax payable$ | 12,731 | 67,309 | – | – | PDF p. 71 |
| Contract liabilities$ | 392,919 | 55,436 | – | – | PDF p. 71 |
| Subtotal$ | 2,635,723 | 3,632,996 | 439,480 | 640,073 | PDF p. 71 |
| Net current assets/(liabilities)$ | 2,350,375 | 856,033 | (409,847) | (593,954) | PDF p. 71 |
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Definitions & sources
Original report: PDF p. 71 ↗
Amounts in $ (Singapore dollars) as at 30 June 2026 and 30 June 2025. Note references omitted from values.
Balance sheets (part 2: non-current liabilities and equity) - Group and Company
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Non-current liabilities | |||||
| Lease liabilities$ | – | 49,460 | – | 49,460 | PDF p. 72 |
| Deferred tax liabilities$ | 585 | 585 | 585 | 585 | PDF p. 72 |
| Subtotal$ | 585 | 50,045 | 585 | 50,045 | PDF p. 72 |
| Liabilities | |||||
| Total liabilities$ | 2,636,308 | 3,683,041 | 440,065 | 690,118 | PDF p. 72 |
| Net assets | |||||
| Net assets$ | 2,395,942 | 1,202,083 | 1,684,109 | 1,454,379 | PDF p. 72 |
| Equity attributable to owners of the Company | |||||
| Share capital$ | 48,628,881 | 47,682,830 | 48,628,881 | 47,682,830 | PDF p. 72 |
| Foreign currency translation reserve$ | (411,910) | (492,789) | – | – | PDF p. 72 |
| Other reserves$ | (1,441,018) | (1,441,018) | (1,441,018) | (1,441,018) | PDF p. 72 |
| Accumulated losses$ | (44,636,544) | (44,671,616) | (45,503,754) | (44,787,433) | PDF p. 72 |
| Subtotal$ | 2,139,409 | 1,077,407 | 1,684,109 | 1,454,379 | PDF p. 72 |
| Equity | |||||
| Non-controlling interests$ | 256,533 | 124,676 | – | – | PDF p. 72 |
| Total equity$ | 2,395,942 | 1,202,083 | 1,684,109 | 1,454,379 | PDF p. 72 |
| Equity and liabilities | |||||
| Total equity and liabilities$ | 5,032,250 | 4,885,124 | 2,124,174 | 2,144,497 | PDF p. 72 |
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Definitions & sources
Original report: PDF p. 72 ↗
Amounts in $ (Singapore dollars) as at 30 June 2026 and 30 June 2025.
Consolidated Statement of Comprehensive Income - Group
23 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Income statement | |||
| Revenue$ | 4,481,869 | 6,555,723 | PDF p. 73 |
| Cost of sales$ | (3,328,060) | (4,870,555) | PDF p. 73 |
| Gross profit$ | 1,153,809 | 1,685,168 | PDF p. 73 |
| Other items of income | |||
| Finance income$ | 1 | 1 | PDF p. 73 |
| Other income$ | 730,660 | 55,781 | PDF p. 73 |
| Other items of expense | |||
| Administrative expenses$ | (1,695,664) | (1,747,887) | PDF p. 73 |
| Distribution and selling expenses$ | (25,094) | (62,121) | PDF p. 73 |
| Finance expenses$ | (1,918) | (9,717) | PDF p. 73 |
| Other expenses$ | – | (19,257) | PDF p. 73 |
| Income statement | |||
| Profit/(loss) before tax$ | 161,794 | (98,032) | PDF p. 73 |
| Income tax expense$ | (26,970) | (97,697) | PDF p. 73 |
| Profit/(loss) for the year$ | 134,824 | (195,729) | PDF p. 73 |
| Other comprehensive income - items that may be reclassified subsequently to profit or loss | |||
| Foreign currency translation$ | 112,984 | 96,187 | PDF p. 73 |
| Other comprehensive income | |||
| Other comprehensive income for the year, net of tax$ | 112,984 | 96,187 | PDF p. 73 |
| Total comprehensive income for the year$ | 247,808 | (99,542) | PDF p. 73 |
| Profit/(loss) for the year attributable to | |||
| Owners of the Company$ | 35,072 | (358,115) | PDF p. 73 |
| Non-controlling interests$ | 99,752 | 162,386 | PDF p. 73 |
| Subtotal$ | 134,824 | (195,729) | PDF p. 73 |
| Total comprehensive income attributable to | |||
| Owners of the Company$ | 115,951 | (285,768) | PDF p. 73 |
| Non-controlling interests$ | 131,857 | 186,226 | PDF p. 73 |
| Subtotal$ | 247,808 | (99,542) | PDF p. 73 |
| Profit/(loss) per share attributable to owners of the Company (cents per share) | |||
| Basiccents per share | 0.001 | (0.021) | PDF p. 73 |
| Dilutedcents per share | 0.001 | (0.021) | PDF p. 73 |
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Definitions & sources
Original report: PDF p. 73 ↗
Amounts in $ (Singapore dollars) for the year ended 30 June 2026; EPS in cents per share. No separate Company income statement is presented.
Consolidated Statement of Comprehensive Income (Group), year ended 30 June 2026
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 30 June 2026, $ | 2025Group, year ended 30 June 2025, $ | Source |
|---|---|---|---|
| Income statement | |||
| Revenue$ | 4,481,869 | 6,555,723 | PDF p. 73 |
| Cost of sales$ | (3,328,060) | (4,870,555) | PDF p. 73 |
| Gross profit$ | 1,153,809 | 1,685,168 | PDF p. 73 |
| Other items of income | |||
| Finance income$ | 1 | 1 | PDF p. 73 |
| Other income$ | 730,660 | 55,781 | PDF p. 73 |
| Other items of expense | |||
| Administrative expenses$ | (1,695,664) | (1,747,887) | PDF p. 73 |
| Distribution and selling expenses$ | (25,094) | (62,121) | PDF p. 73 |
| Finance expenses$ | (1,918) | (9,717) | PDF p. 73 |
| Other expenses$ | – | (19,257) | PDF p. 73 |
| Income statement | |||
| Profit/(loss) before tax$ | 161,794 | (98,032) | PDF p. 73 |
| Income tax expense$ | (26,970) | (97,697) | PDF p. 73 |
| Profit/(loss) for the year$ | 134,824 | (195,729) | PDF p. 73 |
| Other comprehensive income - items that may be reclassified subsequently to profit or loss | |||
| Foreign currency translation$ | 112,984 | 96,187 | PDF p. 73 |
| Other comprehensive income | |||
| Other comprehensive income for the year, net of tax$ | 112,984 | 96,187 | PDF p. 73 |
| Total comprehensive income | |||
| Total comprehensive income for the year$ | 247,808 | (99,542) | PDF p. 73 |
| Profit/(loss) for the year attributable to | |||
| Owners of the Company$ | 35,072 | (358,115) | PDF p. 73 |
| Non-controlling interests$ | 99,752 | 162,386 | PDF p. 73 |
| Total comprehensive income attributable to | |||
| Owners of the Company$ | 115,951 | (285,768) | PDF p. 73 |
| Non-controlling interests$ | 131,857 | 186,226 | PDF p. 73 |
| Profit/(loss) per share attributable to owners of the Company (cents per share) | |||
| Basiccents per share | 0.001 | (0.021) | PDF p. 73 |
| Dilutedcents per share | 0.001 | (0.021) | PDF p. 73 |
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Definitions & sources
Original report: PDF p. 73 ↗
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Only Group statement printed; no separate Company income statement on this page.
Consolidated Cash Flow Statement (Group), year ended 30 June 2026
36 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 30 June 2026, $ | 2025Group, year ended 30 June 2025, $ | Source |
|---|---|---|---|
| Cash flow from operating activities | |||
| Profit/(loss) before tax$ | 161,794 | (98,032) | PDF p. 77 |
| Operating activities - Adjustments | |||
| Depreciation of plant and equipment$ | 18,317 | 25,491 | PDF p. 77 |
| Interest expense$ | 685 | 8,413 | PDF p. 77 |
| Interest income$ | (1) | (1) | PDF p. 77 |
| Gain on disposal of investment properties$ | (133,497) | – | PDF p. 77 |
| Gain on disposal of plant and equipment$ | (77,166) | – | PDF p. 77 |
| Gain on disposal of motor vehicle and full settlement of lease liabilities$ | (96,682) | – | PDF p. 77 |
| Write-off of plant and equipment$ | – | 275 | PDF p. 77 |
| Unrealised exchange loss/(gain), net$ | 13,822 | (7,342) | PDF p. 77 |
| Cash flow from operating activities | |||
| Operating cash flows before changes in working capital$ | (112,728) | (71,196) | PDF p. 77 |
| (Increase)/decrease in inventories$ | (49,512) | 43,246 | PDF p. 77 |
| (Increase)/decrease in trade and other receivables$ | (58,939) | 119,386 | PDF p. 77 |
| Decrease/(increase) in prepayments$ | 5,351 | (2,011) | PDF p. 77 |
| (Decrease)/increase in trade and other payables$ | (262,503) | 961,931 | PDF p. 77 |
| Increase in tax recoverable$ | (23,751) | – | PDF p. 77 |
| Increase in development properties$ | (666,284) | (1,127,789) | PDF p. 77 |
| Increase in contract liabilities$ | 337,483 | 55,436 | PDF p. 77 |
| Cash used in operations$ | (830,883) | (20,997) | PDF p. 77 |
| Interest income received$ | 1 | 1 | PDF p. 77 |
| Income taxes refunded$ | 6,949 | – | PDF p. 77 |
| Income taxes paid$ | (97,988) | (30,199) | PDF p. 77 |
| Net cash used in operating activities$ | (921,921) | (51,195) | PDF p. 77 |
| Cash flow from investing activities | |||
| Proceeds from disposal of investment properties$ | 481,257 | – | PDF p. 77 |
| Proceeds from disposal of plant and equipment$ | 111,829 | – | PDF p. 77 |
| Purchase of plant and equipment$ | (39,321) | (2,206) | PDF p. 77 |
| Net cash generated from/(used in) investing activities$ | 553,765 | (2,206) | PDF p. 77 |
| Cash flow from financing activities | |||
| Repayment of principal portion of lease liability$ | (10,041) | (43,511) | PDF p. 77 |
| Interest paid$ | (685) | (8,413) | PDF p. 77 |
| Share issuance expense$ | (20,251) | – | PDF p. 77 |
| Loan from director$ | 778,864 | 622,225 | PDF p. 77 |
| Repayment of loan from director$ | (751,224) | (320,238) | PDF p. 77 |
| Net cash (used in)/generated from financing activities$ | (3,337) | 250,063 | PDF p. 77 |
| Net change in cash | |||
| Net (decrease)/increase in cash and cash equivalents$ | (371,493) | 196,662 | PDF p. 77 |
| Effect of exchange rate changes in cash and cash equivalents$ | (742) | 1,136 | PDF p. 77 |
| Cash and cash equivalents at beginning of year$ | 599,161 | 401,363 | PDF p. 77 |
| Cash and cash equivalents at end of year$ | 226,926 | 599,161 | PDF p. 77 |
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Definitions & sources
Original report: PDF p. 77 ↗
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Group only; no Company cash flow statement printed.
Statements of Changes in Equity - Group, 2026
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, Total equity, $ | 2026Group, Equity attributable to owners of the Company, $ | 2026Group, Share capital (Note 15), $ | 2026Group, Accumulated losses, $ | 2026Group, Other reserves (Note 16(b)), $ | 2026Group, Foreign currency translation reserve (Note 16(a)), $ | 2026Group, Non-controlling interests, $ | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Group | ||||||||
| Balance at 1 July 2025$ | 1,202,083 | 1,077,407 | 47,682,830 | (44,671,616) | (1,441,018) | (492,789) | 124,676 | PDF p. 74 |
| Net profit for the year$ | 134,824 | 35,072 | – | 35,072 | – | – | 99,752 | PDF p. 74 |
| 2026 Group - Other comprehensive income: Foreign currency translation differences for foreign operations | ||||||||
| foreign operations$ | 112,984 | 80,879 | – | – | – | 80,879 | 32,105 | PDF p. 74 |
| 2026 Group | ||||||||
| Other comprehensive income for the year$ | 112,984 | 80,879 | – | – | – | 80,879 | 32,105 | PDF p. 74 |
| Total comprehensive income for the year$ | 247,808 | 115,951 | – | 35,072 | – | 80,879 | 131,857 | PDF p. 74 |
| 2026 Group - Contribution by and distribution to owners | ||||||||
| Issuance of ordinary shares$ | 946,051 | 946,051 | 946,051 | – | – | – | – | PDF p. 74 |
| 2026 Group | ||||||||
| Closing balance at 30 June 2026$ | 2,395,942 | 2,139,409 | 48,628,881 | (44,636,544) | (1,441,018) | (411,910) | 256,533 | PDF p. 74 |
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Original report: PDF p. 74 ↗
Statement of changes in equity for the year ended 30 June 2026. Attributable to owners of the Company columns: share capital, accumulated losses, other reserves, foreign currency translation reserve; plus non-controlling interests.
Statements of Changes in Equity - Group, 2025
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, Total equity, $ | 2025Group, Equity attributable to owners of the Company, $ | 2025Group, Share capital (Note 15), $ | 2025Group, Accumulated losses, $ | 2025Group, Other reserves (Note 16(b)), $ | 2025Group, Foreign currency translation reserve (Note 16(a)), $ | 2025Group, Non-controlling interests, $ | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 Group | ||||||||
| Balance at 1 July 2024$ | 1,293,643 | 1,363,175 | 47,682,830 | (44,313,501) | (1,441,018) | (565,136) | (69,532) | PDF p. 75 |
| Net (loss)/profit for the year$ | (195,729) | (358,115) | – | (358,115) | – | – | 162,386 | PDF p. 75 |
| 2025 Group - Other comprehensive income: Foreign currency translation differences for foreign operations | ||||||||
| foreign operations$ | 96,187 | 72,347 | – | – | – | 72,347 | 23,840 | PDF p. 75 |
| 2025 Group | ||||||||
| Other comprehensive income for the year$ | 96,187 | 72,347 | – | – | – | 72,347 | 23,840 | PDF p. 75 |
| Total comprehensive income for the year$ | (99,542) | (285,768) | – | (358,115) | – | 72,347 | 186,226 | PDF p. 75 |
| 2025 Group - Contribution by and distribution to owners | ||||||||
| Issuance of ordinary shares$ | 7,982 | – | – | – | – | – | 7,982 | PDF p. 75 |
| 2025 Group | ||||||||
| Closing balance at 30 June 2025$ | 1,202,083 | 1,077,407 | 47,682,830 | (44,671,616) | (1,441,018) | (492,789) | 124,676 | PDF p. 75 |
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Original report: PDF p. 75 ↗
Statement of changes in equity for the year ended 30 June 2025 (comparative).
Statements of Changes in Equity - Company, 2026
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Company, Total equity, $ | 2026Company, Share capital (Note 15), $ | 2026Company, Accumulated losses, $ | 2026Company, Other reserves (Note 16(b)), $ | Source |
|---|---|---|---|---|---|
| Company 2026 | |||||
| Balance as at 1 July 2025$ | 1,454,379 | 47,682,830 | (44,787,433) | (1,441,018) | PDF p. 76 |
| Net loss for the year, representing total comprehensive income for the year$ | (716,321) | – | (716,321) | – | PDF p. 76 |
| Issuance of ordinary shares$ | 946,051 | 946,051 | – | – | PDF p. 76 |
| Balance as at 30 June 2026$ | 1,684,109 | 48,628,881 | (45,503,754) | (1,441,018) | PDF p. 76 |
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Definitions & sources
Original report: PDF p. 76 ↗
Net loss row label wraps across two lines in the source; quote is whitespace-normalized joined text.
Statements of Changes in Equity - Company, 2025
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company, Total equity, $ | 2025Company, Share capital (Note 15), $ | 2025Company, Accumulated losses, $ | 2025Company, Other reserves (Note 16(b)), $ | Source |
|---|---|---|---|---|---|
| Company 2025 | |||||
| Balance as at 1 July 2024$ | 1,555,793 | 47,682,830 | (44,686,019) | (1,441,018) | PDF p. 76 |
| Net loss for the year, representing total comprehensive income for the year$ | (101,414) | – | (101,414) | – | PDF p. 76 |
| Balance as at 30 June 2025$ | 1,454,379 | 47,682,830 | (44,787,433) | (1,441,018) | PDF p. 76 |
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Definitions & sources
Original report: PDF p. 76 ↗
The 2025 net loss row label wraps across two lines; the quote is the second line carrying the values.
Financial Highlights (five-year summary)
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group, S$'000 | 2023Group, S$'000 | 2024Group, S$'000 | 2025Group, S$'000 | 2026Group, S$'000 | Source |
|---|---|---|---|---|---|---|
| RESULTS OF OPERATION | ||||||
| RevenueS$'000 | 4,773 | 3,206 | 4,753 | 6,556 | 4,482 | PDF p. 12 |
| TaxationS$'000 | (5) | (3) | (3) | (98) | (27) | PDF p. 12 |
| Attributable to | ||||||
| Owners of the CompanyS$'000 | (173) | (816) | (733) | (358) | 35 | PDF p. 12 |
| Non-controlling interestsS$'000 | 6 | 4 | 2 | 162 | 100 | PDF p. 12 |
| FINANCIAL POSITION | ||||||
| Non-current assetsS$'000 | 502 | 408 | 394 | 396 | 46 | PDF p. 12 |
| Current assetsS$'000 | 3,447 | 2,654 | 3,237 | 4,489 | 4,986 | PDF p. 12 |
| Current liabilitiesS$'000 | (1,554) | (1,262) | (2,246) | (3,633) | (2,636) | PDF p. 12 |
| Net current assetsS$'000 | 1,893 | 1,392 | 991 | 856 | 2,350 | PDF p. 12 |
| Non-current liabilitiesS$'000 | (70) | (135) | (91) | (50) | (1) | PDF p. 12 |
| REPRESENTING | ||||||
| Equity attributable to owners of the CompanyS$'000 | 2,156 | 1,523 | 1,363 | 1,077 | 2,139 | PDF p. 12 |
| Non-controlling interestsS$'000 | 169 | 142 | (69) | 125 | 257 | PDF p. 12 |
| Per share | ||||||
| NTA per Share (Singapore Cents)Singapore Cents | 0.15 | 0.10 | 0.08 | 0.07 | 0.09 | PDF p. 12 |
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Definitions & sources
Original report: PDF p. 12 ↗
Rows 'Loss/profit from operations before taxation and NCI', 'Net (loss)/profit from operations after taxation and NCI' and '(Loss)/profit per share attributable to owners of the Company (Singapore Cents)' have wrapped labels; values: before tax (162) (809) (728) (98) 162; after tax and NCI (167) (812) (731) (196) 135; per share (0.011) (0.051) (0.044) (0.021) 0.001. No dividend row printed.
Consolidated Statement of Comprehensive Income - per share data
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, cents per share | 2025Group, cents per share | Source |
|---|---|---|---|
| Profit/(loss) per share attributable to owners of the Company (cents per share) | |||
| Basiccents per share | 0.001 | (0.021) | PDF p. 73 |
| Dilutedcents per share | 0.001 | (0.021) | PDF p. 73 |
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Definitions & sources
Original report: PDF p. 73 ↗
Note 23 Profit/(loss) per share
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Profit/(loss) per share | |||
| Profit/(loss) for the year attributable to owners of the Company$ | 35,072 | (358,115) | PDF p. 110 |
| Weighted average number of ordinary shares for basic/diluted loss per shareNo. of shares | 2,384,449,490 | 1,714,656,597 | PDF p. 110 |
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Original report: PDF p. 110 ↗
Profit/(loss) per share is calculated by dividing the loss for the year, net of tax, attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the financial year.
Where the money comes from
Segment information
By business
Segment revenue and results by business segment (in $'000) 4 lines
| Item / unit | 2026Manufacturing and trading | 2025Manufacturing and trading | 2026NGV related business | 2025NGV related business | 2026Property business | 2025Property business | 2026Corporate and others | 2025Corporate and others | 2026Elimination | 2025Elimination | 2026Consolidated | 2025Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment revenue | |||||||||||||
| Sales to external customers$'000 | 822 | 745 | 3,401 | 4,812 | 259 | 999 | – | – | – | – | 4,482 | 6,556 | PDF p. 119 |
| Inter-segment sales$'000 | – | – | – | – | – | – | 1,253 | 1,250 | (1,253) | (1,250) | – | – | PDF p. 119 |
| Total revenue$'000 | 822 | 745 | 3,401 | 4,812 | 259 | 999 | 1,253 | 1,250 | (1,253) | (1,250) | 4,482 | 6,556 | PDF p. 119 |
| Segment results | |||||||||||||
| Segment (loss)/profit$'000 | (340) | (279) | 148 | (313) | 209 | 416 | (720) | (97) | 867 | 185 | 164 | (88) | PDF p. 119 |
Notes
* Less than $1,000
Finance expenses, finance income, profit before tax, tax expense and profit for the year are shown only in the Consolidated columns (2026, 2025).
Group financing (including finance costs) and income taxes are managed on a group basis and are not allocated to operating segments.
Material items of income/(expense) included in segment results (in $'000) 4 lines
| Item / unit | 2026Manufacturing and trading | 2025Manufacturing and trading | 2026NGV related business | 2025NGV related business | 2026Property business | 2025Property business | 2026Corporate and others | 2025Corporate and others | 2026Elimination | 2025Elimination | 2026Consolidated | 2025Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment results | |||||||||||||
| Foreign exchange (loss)/gain,net$'000 | (13) | (39) | (4) | 14 | (1) | (3) | (1) | (1) | 23 | 11 | 4 | (18) | PDF p. 120 |
| Inventories recognised as an expense in cost of sales$'000 | (533) | (489) | (2,396) | (3,602) | – | – | – | – | – | – | (2,928) | (4,091) | PDF p. 120 |
| Operating lease expenses$'000 | (33) | (33) | – | – | – | – | (37) | (37) | – | – | (70) | (70) | PDF p. 120 |
| Staff costs$'000 | (245) | (198) | (265) | (425) | – | (3) | (835) | (806) | – | – | (1,345) | (1,432) | PDF p. 120 |
Notes
Items are those included in segment results as printed.
Segment assets, liabilities, capital expenditure and depreciation (in $'000) 4 lines
| Item / unit | 2026Manufacturing and trading | 2025Manufacturing and trading | 2026NGV related business | 2025NGV related business | 2026Property business | 2025Property business | 2026Corporate and others | 2025Corporate and others | 2026Elimination | 2025Elimination | 2026Consolidated | 2025Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment results | |||||||||||||
| Segment assets$'000 | 6,672 | 6,187 | 1,570 | 1,778 | 4,594 | 3,641 | 10,476 | 9,893 | (18,280) | (16,614) | 5,032 | 4,885 | PDF p. 121 |
| Segment liabilities$'000 | (10,838) | (9,779) | (7,647) | (8,003) | (3,030) | (2,322) | (7,720) | (7,415) | 26,600 | 23,836 | (2,636) | (3,683) | PDF p. 121 |
| Capital expenditure$'000 | (37) | – | (1) | – | – | (1) | (1) | (1) | – | – | (39) | (2) | PDF p. 121 |
| Depreciation$'000 | (13) | (19) | (1) | (1) | – | – | (4) | (6) | – | – | (18) | (26) | PDF p. 121 |
Notes
(1) Inter-segment balances and transactions are eliminated on consolidation.
Total assets and Total liabilities are shown only in the Consolidated columns.
By geography
Geographical information: revenue and assets (in $'000) 2 lines
| Item / unit | 2026Singapore | 2025Singapore | 2026Malaysia | 2025Malaysia | 2026Thailand | 2025Thailand | 2026Philippines | 2025Philippines | 2026Total | 2025Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Geographical information | |||||||||||
| Revenue$'000 | 3,450 | 4,839 | 291 | 1,001 | 594 | 615 | 147 | 101 | 4,482 | 6,556 | PDF p. 121 |
| Assets$'000 | 1,074 | 1,383 | 3,958 | 3,502 | – | – | – | – | 5,032 | 4,885 | PDF p. 121 |
Notes
Geographical information is based on the location of the Group's assets; sales to external customers are based on the geographical location of customers.
Major customers: one NGV customer $3,401,069 (2025: $4,811,756); two manufacturing and trading customers $822,118 (2025: $715,711).
Debt
Borrowings
Group liquidity risk maturity profile 2025 (undiscounted) - debt-related lines
| Item / unit | 20251 year or less, $ | 20251 to 5 years, $ | 2025Total, $ | Source |
|---|---|---|---|---|
| Financial liabilities | ||||
| Loan from director (Note 13)$ | (301,987) | – | (301,987) | PDF p. 113 |
| Lease liabilities$ | (46,564) | (52,085) | (98,649) | PDF p. 113 |
Notes
Based on contractual undiscounted repayment obligations. Loan from director is unsecured, interest-free, repayable on demand (Note 13). No bank borrowings are disclosed.
Group liquidity risk maturity profile 2026 (undiscounted) - loan from director
| Item / unit | 20261 year or less, $ | 20261 to 5 years, $ | 2026Total, $ | Source |
|---|---|---|---|---|
| Financial liabilities | ||||
| Loan from director (Note 13)$ | (344,612) | – | (344,612) | PDF p. 113 |
Notes
No lease liabilities in 2026.
Borrowing notes 3 tables
Group lease liabilities carrying amount movements and current/non-current split
| Item / unit | 2026$ | 2025$ | Source |
|---|---|---|---|
| Lease liabilities | |||
| As at 1 July$ | 90,822 | 134,333 | PDF p. 102 |
| Settlement of lease liability$ | (80,781) | – | PDF p. 102 |
| As at 30 June$ | – | 90,822 | PDF p. 102 |
| Current$ | – | 41,362 | PDF p. 102 |
| Non-current$ | – | 49,460 | PDF p. 102 |
Notes
Average discount rate implicit in the leases is Nil (2025: 6.981% to 7.387%) per annum.
Lease liabilities as at 30 June 2025 of $90,822 (Group) and $83,524 (Company) relate to a motor vehicle held by key management personnel and a prime mover.
Company lease liabilities current/non-current split
| Item / unit | 2026$ | 2025$ | Source |
|---|---|---|---|
| Company lease liabilities | |||
| As at 30 June$ | – | 83,524 | PDF p. 103 |
| Current$ | – | 34,064 | PDF p. 103 |
| Non-current$ | – | 49,460 | PDF p. 103 |
Notes
The maturity analysis of lease liabilities is disclosed in Note 25 (b).
Company liquidity risk 2025 - lease liability
| Item / unit | 20251 year or less, $ | 20251 to 5 years, $ | 2025Total, $ | Source |
|---|---|---|---|---|
| Financial liabilities | ||||
| Lease liability$ | (39,096) | (52,085) | (91,181) | PDF p. 114 |
Notes
Company 2026 has no lease liability or borrowings line.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 - Dividend policy | The Company currently does not have a formal dividend policy. The Board considers factors such as the Group’s earnings, financial position, operations results, capital requirements, cash flows, development plans, and other factors before determining any dividends to be declared. No dividends were declared for FY2026 as the Company wishes to conserve cash so as to ensure sufficiency of funds for its daily business and operational needs. | FY2026 | PDF p. 35 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | Ernst & Young LLP | Group and Company, FY ended 30 June 2026 | PDF p. 70 |
| Engagement partner | Tan Peck Yen | Group and Company, FY ended 30 June 2026 | PDF p. 70 |
| Opinion | In our opinion, the accompanying consolidated financial statements of the Group, the balance sheet and the statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company, FY ended 30 June 2026 | PDF p. 66 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Expected credit losses on receivables | The Group estimated the expected credit losses (“ECL”) on trade receivables by establishing an ECL model in which the probability of default is estimated based on historical observed default rates of the debtors. | Group, as at 30 June 2026 · As at 2026-06-30 | PDF p. 67 |
| Net realisable value of development properties | Given the significance of the development properties balance to the Group’s financial statements and the judgement involved in assessing their recoverability, we identified the valuation of development properties as a key audit matter. | Group, as at 30 June 2026 · As at 2026-06-30 | PDF p. 68 |
Extracted from Annual Report 2026 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 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.