Annual Report 2026
Auditor’s opinion: give a true and fair view. Read auditor’s report (PDF p. 65)
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / 1 June 2025–31 May 2026 | 2025Group / 1 June 2024–31 May 2025 | Source |
|---|---|---|---|
| Group income statement | |||
| RevenueSingapore dollars in thousands | 137,612 | 126,519 | PDF p. 69 |
| Cost of salesSingapore dollars in thousands | (104,177) | (90,136) | PDF p. 69 |
| Gross profitSingapore dollars in thousands | 33,435 | 36,383 | PDF p. 69 |
| Other incomeSingapore dollars in thousands | 1,491 | 2,624 | PDF p. 69 |
| Expenses | |||
| Marketing and distribution costsSingapore dollars in thousands | (412) | (586) | PDF p. 69 |
| Administrative expensesSingapore dollars in thousands | (27,061) | (23,742) | PDF p. 69 |
| Finance costsSingapore dollars in thousands | (1,719) | (2,183) | PDF p. 69 |
| Other credit/(expenses)Singapore dollars in thousands | 16 | (55) | PDF p. 69 |
| Share of results of associatesSingapore dollars in thousands | (210) | (23) | PDF p. 69 |
| Profit before taxSingapore dollars in thousands | 5,540 | 12,418 | PDF p. 69 |
| Income tax expenseSingapore dollars in thousands | (2,444) | (3,569) | PDF p. 69 |
| Profit for the yearSingapore dollars in thousands | 3,096 | 8,849 | PDF p. 69 |
| Profit attributable to | |||
| Owners of the CompanySingapore dollars in thousands | 3,234 | 8,849 | PDF p. 69 |
| Non-controlling interestSingapore dollars in thousands | (138) | – | PDF p. 69 |
| Profit attributable to: | |||
| Profit for the yearSingapore dollars in thousands | 3,096 | 8,849 | PDF p. 69 |
| Earnings per share attributable to owners of the Company | |||
| - BasicSingapore cents per share | 0.39 | 1.15 | PDF p. 69 |
| - DilutedSingapore cents per share | 0.39 | 1.14 | PDF p. 69 |
Original report: PDF p. 69 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / 1 June 2025–31 May 2026 | 2025Group / 1 June 2024–31 May 2025 | Source |
|---|---|---|---|
| Group comprehensive income | |||
| Profit for the yearSingapore dollars in thousands | 3,096 | 8,849 | PDF p. 70 |
| Items that may be reclassified subsequently to profit or loss | |||
| Net change in fair value of cash flow hedgesSingapore dollars in thousands | – | (98) | PDF p. 70 |
| Foreign currency translationSingapore dollars in thousands | 985 | (1,046) | PDF p. 70 |
| Other comprehensive income for the year, net of taxSingapore dollars in thousands | 985 | (1,144) | PDF p. 70 |
| Total comprehensive income for the yearSingapore dollars in thousands | 4,081 | 7,705 | PDF p. 70 |
| Total comprehensive income attributable to | |||
| Owners of the CompanySingapore dollars in thousands | 4,219 | 7,705 | PDF p. 70 |
| Non-controlling interestSingapore dollars in thousands | (138) | – | PDF p. 70 |
| Attributable to: | |||
| Total comprehensive income for the yearSingapore dollars in thousands | 4,081 | 7,705 | PDF p. 70 |
Original report: PDF p. 70 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / 1 June 2025–31 May 2026 | 2025Group / 1 June 2024–31 May 2025 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars in thousands | 96,881 | 105,083 | PDF p. 71 |
| Intangible assetsSingapore dollars in thousands | 3,676 | 3,878 | PDF p. 71 |
| Investments in subsidiariesSingapore dollars in thousands | – | – | PDF p. 71 |
| Investments in associatesSingapore dollars in thousands | 1,599 | 1,726 | PDF p. 71 |
| Financial assets at fair value through profit or lossSingapore dollars in thousands | 18 | 22 | PDF p. 71 |
| Deferred tax assetsSingapore dollars in thousands | 1,493 | 1,008 | PDF p. 71 |
| Other receivablesSingapore dollars in thousands | – | – | PDF p. 71 |
| Total non-current assetsSingapore dollars in thousands | 103,667 | 111,717 | PDF p. 71 |
| Current assets | |||
| InventoriesSingapore dollars in thousands | 3,969 | 4,365 | PDF p. 71 |
| Trade and other receivablesSingapore dollars in thousands | 37,315 | 36,793 | PDF p. 71 |
| Prepaid operating expensesSingapore dollars in thousands | 1,434 | 919 | PDF p. 71 |
| Cash and short-term depositsSingapore dollars in thousands | 37,210 | 30,446 | PDF p. 71 |
| Total current assetsSingapore dollars in thousands | 79,928 | 72,523 | PDF p. 71 |
| Total assetsSingapore dollars in thousands | 183,595 | 184,240 | PDF p. 71 |
| Equity | |||
| Share capitalSingapore dollars in thousands | 93,365 | 85,145 | PDF p. 71 |
| Treasury sharesSingapore dollars in thousands | (1,865) | (1,865) | PDF p. 71 |
| Retained earnings/ (accumulated losses)Singapore dollars in thousands | 17,197 | 17,469 | PDF p. 71 |
| Other reservesSingapore dollars in thousands | 649 | (619) | PDF p. 71 |
| Equity attributable to owners of the CompanySingapore dollars in thousands | 109,346 | 100,130 | PDF p. 71 |
| Non-controlling interestSingapore dollars in thousands | 413 | – | PDF p. 71 |
| Total equitySingapore dollars in thousands | 109,759 | 100,130 | PDF p. 71 |
| Net current assetsSingapore dollars in thousands | 41,597 | 29,738 | PDF p. 71 |
Original report: PDF p. 71 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Company / 1 June 2025–31 May 2026 | 2025Company / 1 June 2024–31 May 2025 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars in thousands | 870 | 475 | PDF p. 71 |
| Intangible assetsSingapore dollars in thousands | – | – | PDF p. 71 |
| Investments in subsidiariesSingapore dollars in thousands | 56,154 | 57,261 | PDF p. 71 |
| Investments in associatesSingapore dollars in thousands | – | – | PDF p. 71 |
| Financial assets at fair value through profit or lossSingapore dollars in thousands | 18 | 22 | PDF p. 71 |
| Deferred tax assetsSingapore dollars in thousands | – | – | PDF p. 71 |
| Other receivablesSingapore dollars in thousands | 2,898 | 806 | PDF p. 71 |
| Total non-current assetsSingapore dollars in thousands | 59,940 | 58,564 | PDF p. 71 |
| Current assets | |||
| InventoriesSingapore dollars in thousands | – | – | PDF p. 71 |
| Trade and other receivablesSingapore dollars in thousands | 4,654 | 2,561 | PDF p. 71 |
| Prepaid operating expensesSingapore dollars in thousands | 86 | 80 | PDF p. 71 |
| Cash and short-term depositsSingapore dollars in thousands | 6,059 | 3,888 | PDF p. 71 |
| Total current assetsSingapore dollars in thousands | 10,799 | 6,529 | PDF p. 71 |
| Total assetsSingapore dollars in thousands | 70,739 | 65,093 | PDF p. 71 |
| Equity | |||
| Share capitalSingapore dollars in thousands | 93,365 | 85,145 | PDF p. 71 |
| Treasury sharesSingapore dollars in thousands | (1,865) | (1,865) | PDF p. 71 |
| Retained earnings/ (accumulated losses)Singapore dollars in thousands | (22,770) | (20,892) | PDF p. 71 |
| Other reservesSingapore dollars in thousands | 359 | 264 | PDF p. 71 |
| Equity attributable to owners of the CompanySingapore dollars in thousands | 69,089 | 62,652 | PDF p. 71 |
| Non-controlling interestSingapore dollars in thousands | – | – | PDF p. 71 |
| Total equitySingapore dollars in thousands | 69,089 | 62,652 | PDF p. 71 |
| Net current assetsSingapore dollars in thousands | 9,392 | 4,310 | PDF p. 71 |
Original report: PDF p. 71 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / 1 June 2025–31 May 2026 | 2025Group / 1 June 2024–31 May 2025 | Source |
|---|---|---|---|
| Non-current liabilities | |||
| Other liabilitiesSingapore dollars in thousands | 1,533 | 1,691 | PDF p. 72 |
| BorrowingsSingapore dollars in thousands | 21,407 | 27,447 | PDF p. 72 |
| Lease liabilitiesSingapore dollars in thousands | 9,470 | 9,136 | PDF p. 72 |
| Deferred tax liabilitiesSingapore dollars in thousands | 3,095 | 3,051 | PDF p. 72 |
| Total non-current liabilitiesSingapore dollars in thousands | 35,505 | 41,325 | PDF p. 72 |
| Current liabilities | |||
| Trade and other payablesSingapore dollars in thousands | 11,895 | 13,548 | PDF p. 72 |
| Other liabilitiesSingapore dollars in thousands | 8,444 | 9,895 | PDF p. 72 |
| BorrowingsSingapore dollars in thousands | 12,002 | 11,028 | PDF p. 72 |
| Lease liabilitiesSingapore dollars in thousands | 3,029 | 5,512 | PDF p. 72 |
| Tax payableSingapore dollars in thousands | 2,961 | 2,802 | PDF p. 72 |
| Total current liabilitiesSingapore dollars in thousands | 38,331 | 42,785 | PDF p. 72 |
| Total liabilitiesSingapore dollars in thousands | 73,836 | 84,110 | PDF p. 72 |
| Total equity and liabilitiesSingapore dollars in thousands | 183,595 | 184,240 | PDF p. 72 |
Original report: PDF p. 72 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Company / 1 June 2025–31 May 2026 | 2025Company / 1 June 2024–31 May 2025 | Source |
|---|---|---|---|
| Non-current liabilities | |||
| Other liabilitiesSingapore dollars in thousands | – | – | PDF p. 72 |
| BorrowingsSingapore dollars in thousands | – | – | PDF p. 72 |
| Lease liabilitiesSingapore dollars in thousands | – | – | PDF p. 72 |
| Deferred tax liabilitiesSingapore dollars in thousands | 243 | 222 | PDF p. 72 |
| Total non-current liabilitiesSingapore dollars in thousands | 243 | 222 | PDF p. 72 |
| Current liabilities | |||
| Trade and other payablesSingapore dollars in thousands | 119 | 50 | PDF p. 72 |
| Other liabilitiesSingapore dollars in thousands | 1,288 | 1,975 | PDF p. 72 |
| BorrowingsSingapore dollars in thousands | – | 194 | PDF p. 72 |
| Lease liabilitiesSingapore dollars in thousands | – | – | PDF p. 72 |
| Tax payableSingapore dollars in thousands | – | – | PDF p. 72 |
| Total current liabilitiesSingapore dollars in thousands | 1,407 | 2,219 | PDF p. 72 |
| Total liabilitiesSingapore dollars in thousands | 1,650 | 2,441 | PDF p. 72 |
| Total equity and liabilitiesSingapore dollars in thousands | 70,739 | 65,093 | PDF p. 72 |
Original report: PDF p. 72 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / Share capital | 2026Group / Treasury shares | 2026Group / Retained earnings | 2026Group / Other reserves, total | 2026Group / Translation reserve | 2026Group / Statutory reserve | 2026Group / Capital reserve | 2026Group / Share based payments reserve | 2026Group / Total attributable to owners of the Company | 2026Group / Non-controlling interest | 2026Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity / 2026 | ||||||||||||
| Balance at 1 June 2025Singapore dollars in thousands | 85,145 | (1,865) | 17,469 | (619) | (2,236) | 2,189 | (933) | 361 | 100,130 | – | 100,130 | PDF p. 73 |
| Profit for the yearSingapore dollars in thousands | – | – | 3,234 | – | – | – | – | – | 3,234 | (138) | 3,096 | PDF p. 73 |
| - Foreign currency translationSingapore dollars in thousands | – | – | – | 985 | 985 | – | – | – | 985 | – | 985 | PDF p. 73 |
| Other comprehensive income for the year, net of taxSingapore dollars in thousands | – | – | – | 985 | 985 | – | – | – | 985 | – | 985 | PDF p. 73 |
| Total comprehensive income for the yearSingapore dollars in thousands | – | – | 3,234 | 985 | 985 | – | – | – | 4,219 | (138) | 4,081 | PDF p. 73 |
| - Dividends paidSingapore dollars in thousands | – | – | (3,434) | – | – | – | – | – | (3,434) | – | (3,434) | PDF p. 73 |
| - Issuance of ordinary shares, netSingapore dollars in thousands | 8,201 | – | – | – | – | – | – | – | 8,201 | – | 8,201 | PDF p. 73 |
| - Share issued on exercise of share optionsSingapore dollars in thousands | 19 | – | – | – | – | – | – | – | 19 | – | 19 | PDF p. 73 |
| - Share based paymentsSingapore dollars in thousands | – | – | – | 95 | – | – | – | 95 | 95 | – | 95 | PDF p. 73 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | 8,220 | – | (3,434) | 95 | – | – | – | 95 | 4,881 | – | 4,881 | PDF p. 73 |
| Change in ownership interest in a subsidiary without loss of controlSingapore dollars in thousands | – | – | – | 116 | – | – | 116 | – | 116 | 551 | 667 | PDF p. 73 |
| Total changes in ownership interests in subsidiarySingapore dollars in thousands | – | – | – | 116 | – | – | 116 | – | 116 | 551 | 667 | PDF p. 73 |
| Total transactions with owners in their capacity as ownersSingapore dollars in thousands | – | – | – | 116 | – | – | 116 | – | 116 | 551 | 667 | PDF p. 73 |
| Transfer to statutory reserveSingapore dollars in thousands | – | – | (72) | 72 | – | 72 | – | – | – | – | – | PDF p. 73 |
| Balance at 31 May 2026Singapore dollars in thousands | 93,365 | (1,865) | 17,197 | 649 | (1,251) | 2,261 | (817) | 456 | 109,346 | 413 | 109,759 | PDF p. 73 |
Original report: PDF p. 73 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / Share capital | 2025Group / Treasury shares | 2025Group / Retained earnings | 2025Group / Other reserves, total | 2025Group / Cash flow hedge reserve | 2025Group / Translation reserve | 2025Group / Statutory reserve | 2025Group / Capital reserve | 2025Group / Share based payments reserve | 2025Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity / 2025 | |||||||||||
| Balance at 1 June 2024Singapore dollars in thousands | 85,145 | (1,778) | 10,695 | 269 | 98 | (1,190) | 2,040 | (933) | 254 | 94,331 | PDF p. 74 |
| Profit for the yearSingapore dollars in thousands | – | – | 8,849 | – | – | – | – | – | – | 8,849 | PDF p. 74 |
| - Foreign currency translationSingapore dollars in thousands | – | – | – | (1,046) | – | (1,046) | – | – | – | (1,046) | PDF p. 74 |
| - Net change in fair value of cash flow hedgesSingapore dollars in thousands | – | – | – | (98) | (98) | – | – | – | – | (98) | PDF p. 74 |
| Other comprehensive income for the year, net of taxSingapore dollars in thousands | – | – | – | (1,144) | (98) | (1,046) | – | – | – | (1,144) | PDF p. 74 |
| Total comprehensive income for the yearSingapore dollars in thousands | – | – | 8,849 | (1,144) | (98) | (1,046) | – | – | – | 7,705 | PDF p. 74 |
| - Dividends paidSingapore dollars in thousands | – | – | (1,926) | – | – | – | – | – | – | (1,926) | PDF p. 74 |
| - Purchase of treasury sharesSingapore dollars in thousands | – | (87) | – | – | – | – | – | – | – | (87) | PDF p. 74 |
| - Share based paymentsSingapore dollars in thousands | – | – | – | 107 | – | – | – | – | 107 | 107 | PDF p. 74 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | – | (87) | (1,926) | 107 | – | – | – | – | 107 | (1,906) | PDF p. 74 |
| Total transactions with owners in their capacity as ownersSingapore dollars in thousands | – | (87) | (1,926) | 107 | – | – | – | – | 107 | (1,906) | PDF p. 74 |
| Transfer to statutory reserveSingapore dollars in thousands | – | – | (149) | 149 | – | – | 149 | – | – | – | PDF p. 74 |
| Balance at 31 May 2025Singapore dollars in thousands | 85,145 | (1,865) | 17,469 | (619) | – | (2,236) | 2,189 | (933) | 361 | 100,130 | PDF p. 74 |
Original report: PDF p. 74 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Company / Share capital | 2026Company / Treasury shares | 2026Company / Accumulated losses | 2026Company / Other reserves, total | 2026Company / Capital reserve | 2026Company / Share based payments reserve | 2026Company / Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Company changes in equity / 2026 | ||||||||
| Balance at 1 June 2025Singapore dollars in thousands | 85,145 | (1,865) | (20,892) | 264 | (97) | 361 | 62,652 | PDF p. 75 |
| Profit for the yearSingapore dollars in thousands | − | − | 1,556 | − | − | − | 1,556 | PDF p. 75 |
| Total comprehensive income for the yearSingapore dollars in thousands | − | − | 1,556 | − | − | − | 1,556 | PDF p. 75 |
| Dividend paidSingapore dollars in thousands | − | − | (3,434) | − | − | − | (3,434) | PDF p. 75 |
| Issuance of ordinary shares, netSingapore dollars in thousands | 8,201 | − | − | − | − | − | 8,201 | PDF p. 75 |
| Shares issued on exercise of share optionsSingapore dollars in thousands | 19 | − | − | − | − | − | 19 | PDF p. 75 |
| Share based paymentsSingapore dollars in thousands | − | − | − | 95 | − | 95 | 95 | PDF p. 75 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | 8,220 | − | (3,434) | 95 | − | 95 | 4,881 | PDF p. 75 |
| Balance at 31 May 2026Singapore dollars in thousands | 93,365 | (1,865) | (22,770) | 359 | (97) | 456 | 69,089 | PDF p. 75 |
Original report: PDF p. 75 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / Share capital | 2025Company / Treasury shares | 2025Company / Accumulated losses | 2025Company / Other reserves, total | 2025Company / Capital reserve | 2025Company / Share based payments reserve | 2025Company / Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Company changes in equity / 2025 | ||||||||
| Balance at 1 June 2024Singapore dollars in thousands | 85,145 | (1,778) | (23,055) | 157 | (97) | 254 | 60,469 | PDF p. 75 |
| Profit for the yearSingapore dollars in thousands | − | − | 4,089 | − | − | − | 4,089 | PDF p. 75 |
| Total comprehensive income for the yearSingapore dollars in thousands | − | − | 4,089 | − | − | − | 4,089 | PDF p. 75 |
| Dividend paidSingapore dollars in thousands | − | − | (1,926) | − | − | − | (1,926) | PDF p. 75 |
| Purchase of treasury sharesSingapore dollars in thousands | − | (87) | − | − | − | − | (87) | PDF p. 75 |
| Share based paymentsSingapore dollars in thousands | − | − | − | 107 | − | 107 | 107 | PDF p. 75 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | − | (87) | (1,926) | 107 | − | 107 | (1,906) | PDF p. 75 |
| Balance at 31 May 2025Singapore dollars in thousands | 85,145 | (1,865) | (20,892) | 264 | (97) | 361 | 62,652 | PDF p. 75 |
Original report: PDF p. 75 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / 1 June 2025–31 May 2026 | 2025Group / 1 June 2024–31 May 2025 | Source |
|---|---|---|---|
| Cash flows from operating activities: | |||
| Profit before taxSingapore dollars in thousands | 5,540 | 12,418 | PDF p. 76 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars in thousands | 15,997 | 15,070 | PDF p. 76 |
| Gain on disposal of property, plant and equipmentSingapore dollars in thousands | (112) | (62) | PDF p. 76 |
| Property, plant and equipment written offSingapore dollars in thousands | – | 19 | PDF p. 76 |
| Impairment of property, plant and equipmentSingapore dollars in thousands | 1,432 | – | PDF p. 76 |
| Amortisation of intangible assetsSingapore dollars in thousands | 202 | 256 | PDF p. 76 |
| Net gain on disposal of intangible assetsSingapore dollars in thousands | – | (1,112) | PDF p. 76 |
| Allowance/(reversal of allowance) for expected credit loss, netSingapore dollars in thousands | 1,689 | (444) | PDF p. 76 |
| Bad debts written offSingapore dollars in thousands | 31 | 2 | PDF p. 76 |
| Fair value loss on financial assetsSingapore dollars in thousands | 4 | 2 | PDF p. 76 |
| Interest incomeSingapore dollars in thousands | (158) | (245) | PDF p. 76 |
| Interest expenseSingapore dollars in thousands | 1,719 | 2,183 | PDF p. 76 |
| Share of results of associatesSingapore dollars in thousands | 210 | 23 | PDF p. 76 |
| Share based payment expensesSingapore dollars in thousands | 95 | 107 | PDF p. 76 |
| Effect of exchange rate changesSingapore dollars in thousands | 449 | (207) | PDF p. 76 |
| Operating cash flows before changes in working capitalSingapore dollars in thousands | 27,098 | 28,010 | PDF p. 76 |
| Changes in working capital: | |||
| Decrease/(increase) in inventoriesSingapore dollars in thousands | 396 | (2,519) | PDF p. 76 |
| Increase in trade and other receivablesSingapore dollars in thousands | (2,242) | (85) | PDF p. 76 |
| (Increase)/decrease in prepaid operating expensesSingapore dollars in thousands | (515) | 253 | PDF p. 76 |
| Decrease in trade and other payablesSingapore dollars in thousands | (1,669) | (1,865) | PDF p. 76 |
| (Decrease)/increase in other liabilitiesSingapore dollars in thousands | (1,609) | 2,154 | PDF p. 76 |
| Cash flows from operationsSingapore dollars in thousands | 21,459 | 25,948 | PDF p. 76 |
| Interest receivedSingapore dollars in thousands | 158 | 245 | PDF p. 76 |
| Net income tax paidSingapore dollars in thousands | (2,665) | (3,715) | PDF p. 76 |
| Net cash flows generated from operating activitiesSingapore dollars in thousands | 18,952 | 22,478 | PDF p. 76 |
| Cash flows from investing activities: | |||
| Proceeds from disposal of property, plant and equipmentSingapore dollars in thousands | 521 | 179 | PDF p. 76 |
| Proceeds from disposal of intangible assets and financial asset at fair value through profit or lossSingapore dollars in thousands | – | 2,663 | PDF p. 76 |
| Purchase of property, plant and equipment (Note A)Singapore dollars in thousands | (4,410) | (7,717) | PDF p. 76 |
| Net cash flows used in investing activitiesSingapore dollars in thousands | (3,889) | (4,875) | PDF p. 76 |
Original report: PDF p. 76 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / 1 June 2025–31 May 2026 | 2025Group / 1 June 2024–31 May 2025 | Source |
|---|---|---|---|
| Cash flows from financing activities: | |||
| Dividends paid to ordinary shareholdersSingapore dollars in thousands | (3,434) | (1,926) | PDF p. 77 |
| Issuance of ordinary shares, netSingapore dollars in thousands | 8,220 | – | PDF p. 77 |
| Interest paidSingapore dollars in thousands | (1,719) | (2,183) | PDF p. 77 |
| Repayment of principal portion of lease liabilitiesSingapore dollars in thousands | (6,621) | (5,418) | PDF p. 77 |
| Proceeds from loans and borrowingsSingapore dollars in thousands | 14,191 | 6,890 | PDF p. 77 |
| Repayment of loans and borrowingsSingapore dollars in thousands | (19,461) | (10,599) | PDF p. 77 |
| Purchase of treasury sharesSingapore dollars in thousands | – | (87) | PDF p. 77 |
| Cash consideration from non-controlling interests for subscription of ordinary shares in a subsidiarySingapore dollars in thousands | 400 | – | PDF p. 77 |
| Net cash flows used in financing activitiesSingapore dollars in thousands | (8,424) | (13,323) | PDF p. 77 |
| Net increase in cash and cash equivalentsSingapore dollars in thousands | 6,639 | 4,280 | PDF p. 77 |
| Cash and cash equivalents at 1 JuneSingapore dollars in thousands | 30,446 | 26,485 | PDF p. 77 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars in thousands | 125 | (319) | PDF p. 77 |
| Cash and cash equivalents at 31 MaySingapore dollars in thousands | 37,210 | 30,446 | PDF p. 77 |
Original report: PDF p. 77 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / basic and diluted numerator / year ended 31 May 2026 | 2025Group / basic and diluted numerator / year ended 31 May 2025 | Source |
|---|---|---|---|
| EPS profit numerator | |||
| Profit attributable to owners of the Company used in the computation of basic and diluted earnings per shareSingapore dollars in thousands | 3,234 | 8,849 | PDF p. 98 |
Original report: PDF p. 98 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / thousand shares excluding treasury / year ended 31 May 2026 | 2025Group / thousand shares excluding treasury / year ended 31 May 2025 | Source |
|---|---|---|---|
| EPS weighted share denominator | |||
| Weighted average number of ordinary shares for basic earnings per share computationOrdinary shares in thousands | 827,965 | 770,715 | PDF p. 98 |
| Weighted average number of ordinary shares for diluted earnings per share computationOrdinary shares in thousands | 832,849 | 775,695 | PDF p. 98 |
Original report: PDF p. 98 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Cash and short-term deposits | |||||
| Cash at banks and on handSingapore dollars in thousands | 25,872 | 23,470 | 1,301 | 2,426 | PDF p. 112 |
| Short-term depositsSingapore dollars in thousands | 11,338 | 6,976 | 4,758 | 1,462 | PDF p. 112 |
| Cash and short-term depositsSingapore dollars in thousands | 37,210 | 30,446 | 6,059 | 3,888 | PDF p. 112 |
Original report: PDF p. 112 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026GKE Retails subsidiary / including consolidation adjustments, before intercompany eliminations | Source |
|---|---|---|
| GKE Retails / summarised balance sheet | ||
| Current AssetsSingapore dollars in thousands | 6,611 | PDF p. 108 |
| LiabilitiesSingapore dollars in thousands | (6,967) | PDF p. 108 |
| Net current liabilitiesSingapore dollars in thousands | (356) | PDF p. 108 |
| Non-current AssetsSingapore dollars in thousands | 2,413 | PDF p. 108 |
| LiabilitiesSingapore dollars in thousands | (1,025) | PDF p. 108 |
| Net non-current assetsSingapore dollars in thousands | 1,388 | PDF p. 108 |
| Net assetsSingapore dollars in thousands | 1,032 | PDF p. 108 |
Original report: PDF p. 108 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026GKE Retails subsidiary / including consolidation adjustments, before intercompany eliminations | Source |
|---|---|---|
| GKE Retails / summarised comprehensive income | ||
| RevenueSingapore dollars in thousands | 30,313 | PDF p. 108 |
| Loss before income tax expenseSingapore dollars in thousands | (348) | PDF p. 108 |
| Income tax expenseSingapore dollars in thousands | 2 | PDF p. 108 |
| Loss after taxSingapore dollars in thousands | (346) | PDF p. 108 |
| Other comprehensive incomeSingapore dollars in thousands | – | PDF p. 108 |
| Total comprehensive incomeSingapore dollars in thousands | (346) | PDF p. 108 |
Original report: PDF p. 108 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / 1 June 2023–31 May 2024 | Source |
|---|---|---|
| Group income statement | ||
| RevenueSingapore dollars in thousands | 110,555 | PDF p. 62 |
| Cost of salesSingapore dollars in thousands | (78,103) | PDF p. 62 |
| Gross profitSingapore dollars in thousands | 32,452 | PDF p. 62 |
| Other incomeSingapore dollars in thousands | 1,828 | PDF p. 62 |
| Expenses | ||
| Marketing and distribution costsSingapore dollars in thousands | (532) | PDF p. 62 |
| Administrative expensesSingapore dollars in thousands | (24,120) | PDF p. 62 |
| Finance costsSingapore dollars in thousands | (2,709) | PDF p. 62 |
| Other expensesSingapore dollars in thousands | (204) | PDF p. 62 |
| Share of results of associatesSingapore dollars in thousands | 45 | PDF p. 62 |
| Profit before taxSingapore dollars in thousands | 6,760 | PDF p. 62 |
| Income tax expenseSingapore dollars in thousands | (2,457) | PDF p. 62 |
| Profit for the yearSingapore dollars in thousands | 4,303 | PDF p. 62 |
| Profit attributable to | ||
| Owners of the CompanySingapore dollars in thousands | 4,303 | PDF p. 62 |
| Profit attributable to: | ||
| Profit for the yearSingapore dollars in thousands | 4,303 | PDF p. 62 |
| Earnings per share attributable to owners of the Company | ||
| - BasicSingapore cents per share | 0.56 | PDF p. 62 |
| - DilutedSingapore cents per share | 0.55 | PDF p. 62 |
Original report: PDF p. 62 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / 1 June 2023–31 May 2024 | Source |
|---|---|---|
| Group comprehensive income | ||
| Profit for the yearSingapore dollars in thousands | 4,303 | PDF p. 63 |
| Items that may be reclassified subsequently to profit or loss | ||
| Net change in fair value of cash flow hedgesSingapore dollars in thousands | (334) | PDF p. 63 |
| Foreign currency translationSingapore dollars in thousands | (366) | PDF p. 63 |
| Other comprehensive income for the year, net of taxSingapore dollars in thousands | (700) | PDF p. 63 |
| Total comprehensive income for the yearSingapore dollars in thousands | 3,603 | PDF p. 63 |
| Total comprehensive income attributable to | ||
| Owners of the CompanySingapore dollars in thousands | 3,603 | PDF p. 63 |
| Attributable to: | ||
| Total comprehensive income for the yearSingapore dollars in thousands | 3,603 | PDF p. 63 |
Original report: PDF p. 63 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / 1 June 2023–31 May 2024 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars in thousands | 110,474 | PDF p. 64 |
| Intangible assetsSingapore dollars in thousands | 4,634 | PDF p. 64 |
| Investments in subsidiariesSingapore dollars in thousands | – | PDF p. 64 |
| Investments in associatesSingapore dollars in thousands | 1,819 | PDF p. 64 |
| Financial assets at fair value through profit or lossSingapore dollars in thousands | 125 | PDF p. 64 |
| Deferred tax assetsSingapore dollars in thousands | 1,167 | PDF p. 64 |
| Other receivablesSingapore dollars in thousands | – | PDF p. 64 |
| Total non-current assetsSingapore dollars in thousands | 118,219 | PDF p. 64 |
| Current assets | ||
| InventoriesSingapore dollars in thousands | 1,846 | PDF p. 64 |
| Trade and other receivablesSingapore dollars in thousands | 37,308 | PDF p. 64 |
| Prepaid operating expensesSingapore dollars in thousands | 1,172 | PDF p. 64 |
| Derivative financial assetsSingapore dollars in thousands | 117 | PDF p. 64 |
| Cash and short-term depositsSingapore dollars in thousands | 26,485 | PDF p. 64 |
| Total current assetsSingapore dollars in thousands | 66,928 | PDF p. 64 |
| Total assetsSingapore dollars in thousands | 185,147 | PDF p. 64 |
| Equity | ||
| Share capitalSingapore dollars in thousands | 85,145 | PDF p. 64 |
| Treasury sharesSingapore dollars in thousands | (1,778) | PDF p. 64 |
| Retained earnings/(accumulated losses)Singapore dollars in thousands | 10,695 | PDF p. 64 |
| Other reservesSingapore dollars in thousands | 269 | PDF p. 64 |
| Total equitySingapore dollars in thousands | 94,331 | PDF p. 64 |
| Net current assetsSingapore dollars in thousands | 25,591 | PDF p. 64 |
Original report: PDF p. 64 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company / 1 June 2023–31 May 2024 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars in thousands | 190 | PDF p. 64 |
| Intangible assetsSingapore dollars in thousands | – | PDF p. 64 |
| Investments in subsidiariesSingapore dollars in thousands | 59,396 | PDF p. 64 |
| Investments in associatesSingapore dollars in thousands | – | PDF p. 64 |
| Financial assets at fair value through profit or lossSingapore dollars in thousands | 25 | PDF p. 64 |
| Deferred tax assetsSingapore dollars in thousands | – | PDF p. 64 |
| Other receivablesSingapore dollars in thousands | – | PDF p. 64 |
| Total non-current assetsSingapore dollars in thousands | 59,611 | PDF p. 64 |
| Current assets | ||
| InventoriesSingapore dollars in thousands | – | PDF p. 64 |
| Trade and other receivablesSingapore dollars in thousands | 5,504 | PDF p. 64 |
| Prepaid operating expensesSingapore dollars in thousands | 88 | PDF p. 64 |
| Derivative financial assetsSingapore dollars in thousands | – | PDF p. 64 |
| Cash and short-term depositsSingapore dollars in thousands | 3,700 | PDF p. 64 |
| Total current assetsSingapore dollars in thousands | 9,292 | PDF p. 64 |
| Total assetsSingapore dollars in thousands | 68,903 | PDF p. 64 |
| Equity | ||
| Share capitalSingapore dollars in thousands | 85,145 | PDF p. 64 |
| Treasury sharesSingapore dollars in thousands | (1,778) | PDF p. 64 |
| Retained earnings/(accumulated losses)Singapore dollars in thousands | (23,055) | PDF p. 64 |
| Other reservesSingapore dollars in thousands | 157 | PDF p. 64 |
| Total equitySingapore dollars in thousands | 60,469 | PDF p. 64 |
| Net current assetsSingapore dollars in thousands | 1,224 | PDF p. 64 |
Original report: PDF p. 64 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / 1 June 2023–31 May 2024 | Source |
|---|---|---|
| Non-current liabilities | ||
| Other liabilitiesSingapore dollars in thousands | 1,849 | PDF p. 65 |
| BorrowingsSingapore dollars in thousands | 31,653 | PDF p. 65 |
| Lease liabilitiesSingapore dollars in thousands | 12,804 | PDF p. 65 |
| Deferred tax liabilitiesSingapore dollars in thousands | 3,173 | PDF p. 65 |
| Total non-current liabilitiesSingapore dollars in thousands | 49,479 | PDF p. 65 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars in thousands | 15,352 | PDF p. 65 |
| Other liabilitiesSingapore dollars in thousands | 7,583 | PDF p. 65 |
| BorrowingsSingapore dollars in thousands | 10,666 | PDF p. 65 |
| Lease liabilitiesSingapore dollars in thousands | 4,770 | PDF p. 65 |
| Tax payableSingapore dollars in thousands | 2,966 | PDF p. 65 |
| Total current liabilitiesSingapore dollars in thousands | 41,337 | PDF p. 65 |
| Total liabilitiesSingapore dollars in thousands | 90,816 | PDF p. 65 |
| Total equity and liabilitiesSingapore dollars in thousands | 185,147 | PDF p. 65 |
Original report: PDF p. 65 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company / 1 June 2023–31 May 2024 | Source |
|---|---|---|
| Non-current liabilities | ||
| Other liabilitiesSingapore dollars in thousands | – | PDF p. 65 |
| BorrowingsSingapore dollars in thousands | 194 | PDF p. 65 |
| Lease liabilitiesSingapore dollars in thousands | – | PDF p. 65 |
| Deferred tax liabilitiesSingapore dollars in thousands | 172 | PDF p. 65 |
| Total non-current liabilitiesSingapore dollars in thousands | 366 | PDF p. 65 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars in thousands | 6,153 | PDF p. 65 |
| Other liabilitiesSingapore dollars in thousands | 1,126 | PDF p. 65 |
| BorrowingsSingapore dollars in thousands | 769 | PDF p. 65 |
| Lease liabilitiesSingapore dollars in thousands | 20 | PDF p. 65 |
| Tax payableSingapore dollars in thousands | – | PDF p. 65 |
| Total current liabilitiesSingapore dollars in thousands | 8,068 | PDF p. 65 |
| Total liabilitiesSingapore dollars in thousands | 8,434 | PDF p. 65 |
| Total equity and liabilitiesSingapore dollars in thousands | 68,903 | PDF p. 65 |
Original report: PDF p. 65 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / Share capital | 2024Group / Treasury shares | 2024Group / Retained earnings | 2024Group / Other reserves, total | 2024Group / Cash flow hedge reserve | 2024Group / Translation reserve | 2024Group / Statutory reserve | 2024Group / Capital reserve | 2024Group / Share based payments reserve | 2024Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity / 2024 | |||||||||||
| Balance at 1 June 2023Singapore dollars in thousands | 85,145 | (1,531) | 8,058 | 751 | 432 | (824) | 1,924 | (933) | 152 | 92,423 | PDF p. 67 |
| Profit for the yearSingapore dollars in thousands | – | – | 4,303 | – | – | – | – | – | – | 4,303 | PDF p. 67 |
| - Foreign currency translationSingapore dollars in thousands | – | – | – | (366) | – | (366) | – | – | – | (366) | PDF p. 67 |
| - Net change in fair value of cash flow hedgesSingapore dollars in thousands | – | – | – | (334) | (334) | – | – | – | – | (334) | PDF p. 67 |
| Other comprehensive income for the year, net of taxSingapore dollars in thousands | – | – | – | (700) | (334) | (366) | – | – | – | (700) | PDF p. 67 |
| Total comprehensive income for the yearSingapore dollars in thousands | – | – | 4,303 | (700) | (334) | (366) | – | – | – | 3,603 | PDF p. 67 |
| - Dividends paidSingapore dollars in thousands | – | – | (1,550) | – | – | – | – | – | – | (1,550) | PDF p. 67 |
| - Purchase of treasury sharesSingapore dollars in thousands | – | (247) | – | – | – | – | – | – | – | (247) | PDF p. 67 |
| - Share based paymentsSingapore dollars in thousands | – | – | – | 102 | – | – | – | – | 102 | 102 | PDF p. 67 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | – | (247) | (1,550) | 102 | – | – | – | – | 102 | (1,695) | PDF p. 67 |
| Total transactions with owners in their capacity as ownersSingapore dollars in thousands | – | (247) | (1,550) | 102 | – | – | – | – | 102 | (1,695) | PDF p. 67 |
| Transfer to statutory reserveSingapore dollars in thousands | – | – | (116) | 116 | – | – | 116 | – | – | – | PDF p. 67 |
| Balance at 31 May 2024Singapore dollars in thousands | 85,145 | (1,778) | 10,695 | 269 | 98 | (1,190) | 2,040 | (933) | 254 | 94,331 | PDF p. 67 |
Original report: PDF p. 67 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company / Share capital | 2024Company / Treasury shares | 2024Company / Accumulated losses | 2024Company / Other reserves, total | 2024Company / Capital reserve | 2024Company / Share based payments reserve | 2024Company / Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Company changes in equity / 2024 | ||||||||
| Balance at 1 June 2023Singapore dollars in thousands | 85,145 | (1,531) | (27,032) | 55 | (97) | 152 | 56,637 | PDF p. 68 |
| Profit for the yearSingapore dollars in thousands | − | − | 5,527 | − | − | − | 5,527 | PDF p. 68 |
| Total comprehensive income for the yearSingapore dollars in thousands | − | − | 5,527 | − | − | − | 5,527 | PDF p. 68 |
| Dividend paidSingapore dollars in thousands | − | − | (1,550) | − | − | − | (1,550) | PDF p. 68 |
| Purchase of treasury sharesSingapore dollars in thousands | − | (247) | − | − | − | − | (247) | PDF p. 68 |
| Share based paymentsSingapore dollars in thousands | − | − | − | 102 | − | 102 | 102 | PDF p. 68 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | − | (247) | (1,550) | 102 | − | 102 | (1,695) | PDF p. 68 |
| Balance at 31 May 2024Singapore dollars in thousands | 85,145 | (1,778) | (23,055) | 157 | (97) | 254 | 60,469 | PDF p. 68 |
Original report: PDF p. 68 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / 1 June 2023–31 May 2024 | Source |
|---|---|---|
| Cash flows from operating activities: | ||
| Profit before taxSingapore dollars in thousands | 6,760 | PDF p. 69 |
| Adjustments for: | ||
| Depreciation of property, plant and equipmentSingapore dollars in thousands | 15,361 | PDF p. 69 |
| Gain on disposal of property, plant and equipmentSingapore dollars in thousands | (23) | PDF p. 69 |
| Property, plant and equipment written offSingapore dollars in thousands | 153 | PDF p. 69 |
| Amortisation of intangible assetsSingapore dollars in thousands | 391 | PDF p. 69 |
| Net gain on disposal of intangible assetsSingapore dollars in thousands | − | PDF p. 69 |
| (Reversal of allowance)/allowance for expected credit loss, netSingapore dollars in thousands | 2,760 | PDF p. 69 |
| Bad debts written offSingapore dollars in thousands | − | PDF p. 69 |
| Fair value loss on financial assetsSingapore dollars in thousands | * | PDF p. 69 |
| Interest incomeSingapore dollars in thousands | (207) | PDF p. 69 |
| Interest expenseSingapore dollars in thousands | 2,709 | PDF p. 69 |
| Share of results of associatesSingapore dollars in thousands | (45) | PDF p. 69 |
| Share based payment expensesSingapore dollars in thousands | 102 | PDF p. 69 |
| Effect of exchange rate changesSingapore dollars in thousands | (18) | PDF p. 69 |
| Operating cash flows before changes in working capitalSingapore dollars in thousands | 27,943 | PDF p. 69 |
| Changes in working capital: | ||
| (Increase)/decrease in inventoriesSingapore dollars in thousands | 128 | PDF p. 69 |
| Increase in trade and other receivablesSingapore dollars in thousands | (4,010) | PDF p. 69 |
| Decrease/(increase) in prepaid operating expensesSingapore dollars in thousands | (141) | PDF p. 69 |
| (Decrease)/increase in trade and other payablesSingapore dollars in thousands | 901 | PDF p. 69 |
| Increase/(decrease) in other liabilitiesSingapore dollars in thousands | (160) | PDF p. 69 |
| Cash flows from operationsSingapore dollars in thousands | 24,661 | PDF p. 69 |
| Interest receivedSingapore dollars in thousands | 207 | PDF p. 69 |
| Net income tax paidSingapore dollars in thousands | (3,110) | PDF p. 69 |
| Net cash flows generated from operating activitiesSingapore dollars in thousands | 21,758 | PDF p. 69 |
| Cash flows from investing activities: | ||
| Dividend received from an associateSingapore dollars in thousands | 103 | PDF p. 69 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars in thousands | 28 | PDF p. 69 |
| Proceeds from disposal of intangible assets and financial asset at fair value through profit or lossSingapore dollars in thousands | − | PDF p. 69 |
| Purchase of property, plant and equipment (Note A)Singapore dollars in thousands | (2,358) | PDF p. 69 |
| Net cash flows used in investing activitiesSingapore dollars in thousands | (2,227) | PDF p. 69 |
Original report: PDF p. 69 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / 1 June 2023–31 May 2024 | Source |
|---|---|---|
| Cash flows from financing activities: | ||
| Dividends paid to ordinary shareholdersSingapore dollars in thousands | (1,550) | PDF p. 70 |
| Interest paidSingapore dollars in thousands | (2,731) | PDF p. 70 |
| Repayment of principal portion of lease liabilitiesSingapore dollars in thousands | (6,220) | PDF p. 70 |
| Proceeds from loans and borrowingsSingapore dollars in thousands | 1,886 | PDF p. 70 |
| Repayment of loans and borrowingsSingapore dollars in thousands | (13,867) | PDF p. 70 |
| Purchase of treasury sharesSingapore dollars in thousands | (247) | PDF p. 70 |
| Net cash flows used in financing activitiesSingapore dollars in thousands | (22,729) | PDF p. 70 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars in thousands | (3,198) | PDF p. 70 |
| Cash and cash equivalents at 1 JuneSingapore dollars in thousands | 29,760 | PDF p. 70 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars in thousands | (77) | PDF p. 70 |
| Cash and cash equivalents at 31 MaySingapore dollars in thousands | 26,485 | PDF p. 70 |
Original report: PDF p. 70 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / basic and diluted numerator / year ended 31 May 2024 | Source |
|---|---|---|
| EPS profit numerator | ||
| Profit attributable to owners of the Company used in the computation of basic and diluted earnings per shareSingapore dollars in thousands | 4,303 | PDF p. 89 |
Original report: PDF p. 89 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / thousand shares excluding treasury / year ended 31 May 2024 | Source |
|---|---|---|
| EPS weighted share denominator | ||
| Weighted average number of ordinary shares for basic earnings per share computationOrdinary shares in thousands | 774,725 | PDF p. 89 |
| Weighted average number of ordinary shares for diluted earnings per share computationOrdinary shares in thousands | 775,609 | PDF p. 89 |
Original report: PDF p. 89 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2024Company | Source |
|---|---|---|---|
| Cash and short-term deposits | |||
| Cash at banks and on handSingapore dollars in thousands | 20,690 | 1,006 | PDF p. 102 |
| Short-term depositsSingapore dollars in thousands | 5,795 | 2,694 | PDF p. 102 |
| Cash and short-term depositsSingapore dollars in thousands | 26,485 | 3,700 | PDF p. 102 |
Original report: PDF p. 102 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / re-presented per Note 34 / 1 June 2022–31 May 2023 | Source |
|---|---|---|
| Group income statement | ||
| RevenueSingapore dollars in thousands | 108,930 | PDF p. 63 |
| Cost of salesSingapore dollars in thousands | (77,321) | PDF p. 63 |
| Gross profitSingapore dollars in thousands | 31,609 | PDF p. 63 |
| Other incomeSingapore dollars in thousands | 2,025 | PDF p. 63 |
| Expenses | ||
| Marketing and distribution costsSingapore dollars in thousands | (426) | PDF p. 63 |
| Administrative expensesSingapore dollars in thousands | (23,035) | PDF p. 63 |
| Finance costsSingapore dollars in thousands | (2,846) | PDF p. 63 |
| Other expensesSingapore dollars in thousands | (579) | PDF p. 63 |
| Share of results of associatesSingapore dollars in thousands | 134 | PDF p. 63 |
| Profit before taxSingapore dollars in thousands | 6,882 | PDF p. 63 |
| Income tax expenseSingapore dollars in thousands | (2,973) | PDF p. 63 |
| Profit for the yearSingapore dollars in thousands | 3,909 | PDF p. 63 |
| Profit attributable to | ||
| Owners of the CompanySingapore dollars in thousands | 3,909 | PDF p. 63 |
| Profit attributable to: | ||
| Profit for the yearSingapore dollars in thousands | 3,909 | PDF p. 63 |
| Earnings per share attributable to owners of the Company | ||
| - BasicSingapore cents per share | 0.50 | PDF p. 63 |
| - DilutedSingapore cents per share | 0.50 | PDF p. 63 |
Original report: PDF p. 63 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / re-presented per Note 34 / 1 June 2022–31 May 2023 | Source |
|---|---|---|
| Group comprehensive income | ||
| Profit for the yearSingapore dollars in thousands | 3,909 | PDF p. 64 |
| Items that may be reclassified subsequently to profit or loss | ||
| Net change in fair value of cash flow hedgesSingapore dollars in thousands | 361 | PDF p. 64 |
| Foreign currency translationSingapore dollars in thousands | (1,428) | PDF p. 64 |
| Other comprehensive income for the year, net of taxSingapore dollars in thousands | (1,067) | PDF p. 64 |
| Total comprehensive income for the yearSingapore dollars in thousands | 2,842 | PDF p. 64 |
| Total comprehensive income attributable to | ||
| Owners of the CompanySingapore dollars in thousands | 2,842 | PDF p. 64 |
| Attributable to: | ||
| Total comprehensive income for the yearSingapore dollars in thousands | 2,842 | PDF p. 64 |
Original report: PDF p. 64 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / re-presented per Note 34 / 1 June 2022–31 May 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars in thousands | 123,824 | PDF p. 65 |
| Intangible assetsSingapore dollars in thousands | 5,043 | PDF p. 65 |
| Investments in subsidiariesSingapore dollars in thousands | – | PDF p. 65 |
| Investments in associatesSingapore dollars in thousands | 1,921 | PDF p. 65 |
| Financial assets at fair value through profit or lossSingapore dollars in thousands | 128 | PDF p. 65 |
| Deferred tax assetsSingapore dollars in thousands | 491 | PDF p. 65 |
| Other receivablesSingapore dollars in thousands | 38 | PDF p. 65 |
| Total non-current assetsSingapore dollars in thousands | 131,445 | PDF p. 65 |
| Current assets | ||
| InventoriesSingapore dollars in thousands | 1,974 | PDF p. 65 |
| Trade and other receivablesSingapore dollars in thousands | 36,020 | PDF p. 65 |
| Prepaid operating expensesSingapore dollars in thousands | 1,031 | PDF p. 65 |
| Derivative financial assetsSingapore dollars in thousands | 424 | PDF p. 65 |
| Cash and short-term depositsSingapore dollars in thousands | 29,760 | PDF p. 65 |
| Total current assetsSingapore dollars in thousands | 69,209 | PDF p. 65 |
| Total assetsSingapore dollars in thousands | 200,654 | PDF p. 65 |
| Equity | ||
| Share capitalSingapore dollars in thousands | 85,145 | PDF p. 65 |
| Treasury sharesSingapore dollars in thousands | (1,531) | PDF p. 65 |
| Retained earnings/ (accumulated losses)Singapore dollars in thousands | 8,058 | PDF p. 65 |
| Other reservesSingapore dollars in thousands | 751 | PDF p. 65 |
| Total equitySingapore dollars in thousands | 92,423 | PDF p. 65 |
| Net current assets/(liabilities)Singapore dollars in thousands | 25,415 | PDF p. 65 |
Original report: PDF p. 65 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / re-presented per Note 34 / 1 June 2022–31 May 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars in thousands | 259 | PDF p. 65 |
| Intangible assetsSingapore dollars in thousands | – | PDF p. 65 |
| Investments in subsidiariesSingapore dollars in thousands | 56,931 | PDF p. 65 |
| Investments in associatesSingapore dollars in thousands | – | PDF p. 65 |
| Financial assets at fair value through profit or lossSingapore dollars in thousands | 25 | PDF p. 65 |
| Deferred tax assetsSingapore dollars in thousands | – | PDF p. 65 |
| Other receivablesSingapore dollars in thousands | 8,001 | PDF p. 65 |
| Total non-current assetsSingapore dollars in thousands | 65,216 | PDF p. 65 |
| Current assets | ||
| InventoriesSingapore dollars in thousands | – | PDF p. 65 |
| Trade and other receivablesSingapore dollars in thousands | 12,529 | PDF p. 65 |
| Prepaid operating expensesSingapore dollars in thousands | 76 | PDF p. 65 |
| Derivative financial assetsSingapore dollars in thousands | – | PDF p. 65 |
| Cash and short-term depositsSingapore dollars in thousands | 3,735 | PDF p. 65 |
| Total current assetsSingapore dollars in thousands | 16,340 | PDF p. 65 |
| Total assetsSingapore dollars in thousands | 81,556 | PDF p. 65 |
| Equity | ||
| Share capitalSingapore dollars in thousands | 85,145 | PDF p. 65 |
| Treasury sharesSingapore dollars in thousands | (1,531) | PDF p. 65 |
| Retained earnings/ (accumulated losses)Singapore dollars in thousands | (27,032) | PDF p. 65 |
| Other reservesSingapore dollars in thousands | 55 | PDF p. 65 |
| Total equitySingapore dollars in thousands | 56,637 | PDF p. 65 |
| Net current assets/(liabilities)Singapore dollars in thousands | (4,244) | PDF p. 65 |
Original report: PDF p. 65 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / re-presented per Note 34 / 1 June 2022–31 May 2023 | Source |
|---|---|---|
| Non-current liabilities | ||
| Other liabilitiesSingapore dollars in thousands | 2,007 | PDF p. 66 |
| BorrowingsSingapore dollars in thousands | 41,340 | PDF p. 66 |
| Lease liabilitiesSingapore dollars in thousands | 17,835 | PDF p. 66 |
| Deferred tax liabilitiesSingapore dollars in thousands | 3,255 | PDF p. 66 |
| Total non-current liabilitiesSingapore dollars in thousands | 64,437 | PDF p. 66 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars in thousands | 14,451 | PDF p. 66 |
| Other liabilitiesSingapore dollars in thousands | 7,585 | PDF p. 66 |
| BorrowingsSingapore dollars in thousands | 13,043 | PDF p. 66 |
| Lease liabilitiesSingapore dollars in thousands | 5,870 | PDF p. 66 |
| Tax payableSingapore dollars in thousands | 2,845 | PDF p. 66 |
| Total current liabilitiesSingapore dollars in thousands | 43,794 | PDF p. 66 |
| Total liabilitiesSingapore dollars in thousands | 108,231 | PDF p. 66 |
| Total equity and liabilitiesSingapore dollars in thousands | 200,654 | PDF p. 66 |
Original report: PDF p. 66 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / re-presented per Note 34 / 1 June 2022–31 May 2023 | Source |
|---|---|---|
| Non-current liabilities | ||
| Other liabilitiesSingapore dollars in thousands | – | PDF p. 66 |
| BorrowingsSingapore dollars in thousands | 4,163 | PDF p. 66 |
| Lease liabilitiesSingapore dollars in thousands | 20 | PDF p. 66 |
| Deferred tax liabilitiesSingapore dollars in thousands | 152 | PDF p. 66 |
| Total non-current liabilitiesSingapore dollars in thousands | 4,335 | PDF p. 66 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars in thousands | 17,485 | PDF p. 66 |
| Other liabilitiesSingapore dollars in thousands | 1,095 | PDF p. 66 |
| BorrowingsSingapore dollars in thousands | 1,954 | PDF p. 66 |
| Lease liabilitiesSingapore dollars in thousands | 38 | PDF p. 66 |
| Tax payableSingapore dollars in thousands | 12 | PDF p. 66 |
| Total current liabilitiesSingapore dollars in thousands | 20,584 | PDF p. 66 |
| Total liabilitiesSingapore dollars in thousands | 24,919 | PDF p. 66 |
| Total equity and liabilitiesSingapore dollars in thousands | 81,556 | PDF p. 66 |
Original report: PDF p. 66 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / Share capital | 2023Group / Treasury shares | 2023Group / Retained earnings | 2023Group / Other reserves, total | 2023Group / Cash flow hedge reserve | 2023Group / Translation reserve | 2023Group / Statutory reserve | 2023Group / Capital reserve | 2023Group / Share based payments reserve | 2023Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity / 2023 | |||||||||||
| Balance at 1 June 2022Singapore dollars in thousands | 85,145 | (1,531) | 5,835 | 1,562 | 71 | 604 | 1,788 | (933) | 32 | 91,011 | PDF p. 68 |
| Profit for the yearSingapore dollars in thousands | – | – | 3,909 | – | – | – | – | – | – | 3,909 | PDF p. 68 |
| - Foreign currency translationSingapore dollars in thousands | – | – | – | (1,428) | – | (1,428) | – | – | – | (1,428) | PDF p. 68 |
| - Net change in fair value of cash flow hedgesSingapore dollars in thousands | – | – | – | 361 | 361 | – | – | – | – | 361 | PDF p. 68 |
| Other comprehensive income for the year, net of taxSingapore dollars in thousands | – | – | – | (1,067) | 361 | (1,428) | – | – | – | (1,067) | PDF p. 68 |
| Total comprehensive income for the yearSingapore dollars in thousands | – | – | 3,909 | (1,067) | 361 | (1,428) | – | – | – | 2,842 | PDF p. 68 |
| - Dividends paidSingapore dollars in thousands | – | – | (1,550) | – | – | – | – | – | – | (1,550) | PDF p. 68 |
| - Share based paymentsSingapore dollars in thousands | – | – | – | 120 | – | – | – | – | 120 | 120 | PDF p. 68 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | – | – | (1,550) | 120 | – | – | – | – | 120 | (1,430) | PDF p. 68 |
| Total transactions with owners in their capacity as ownersSingapore dollars in thousands | – | – | (1,550) | 120 | – | – | – | – | 120 | (1,430) | PDF p. 68 |
| Transfer to statutory reserveSingapore dollars in thousands | – | – | (136) | 136 | – | – | 136 | – | – | – | PDF p. 68 |
| Closing balance at 31 May 2023Singapore dollars in thousands | 85,145 | (1,531) | 8,058 | 751 | 432 | (824) | 1,924 | (933) | 152 | 92,423 | PDF p. 68 |
Original report: PDF p. 68 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / Share capital | 2023Company / Treasury shares | 2023Company / Accumulated losses | 2023Company / Other reserves, total | 2023Company / Capital reserve | 2023Company / Share based payments reserve | 2023Company / Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Company changes in equity / 2023 | ||||||||
| Balance at 1 June 2022Singapore dollars in thousands | 85,145 | (1,531) | (27,330) | (65) | (97) | 32 | 56,219 | PDF p. 69 |
| Profit for the yearSingapore dollars in thousands | − | − | 1,848 | − | − | − | 1,848 | PDF p. 69 |
| Total comprehensive income for the yearSingapore dollars in thousands | − | − | 1,848 | − | − | − | 1,848 | PDF p. 69 |
| Dividend paidSingapore dollars in thousands | − | − | (1,550) | − | − | − | (1,550) | PDF p. 69 |
| Share based paymentsSingapore dollars in thousands | − | − | − | 120 | − | 120 | 120 | PDF p. 69 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | − | − | (1,550) | 120 | − | 120 | (1,430) | PDF p. 69 |
| Closing balance at 31 May 2023Singapore dollars in thousands | 85,145 | (1,531) | (27,032) | 55 | (97) | 152 | 56,637 | PDF p. 69 |
Original report: PDF p. 69 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / re-presented per Note 34 / 1 June 2022–31 May 2023 | Source |
|---|---|---|
| Cash flows from operating activities: | ||
| Profit before taxSingapore dollars in thousands | 6,882 | PDF p. 70 |
| Adjustments for: | ||
| Depreciation of property, plant and equipmentSingapore dollars in thousands | 15,185 | PDF p. 70 |
| Amortisation of intangible assets – customer relationshipsSingapore dollars in thousands | 379 | PDF p. 70 |
| Amortisation of intangible assets – mining rightsSingapore dollars in thousands | 209 | PDF p. 70 |
| Gain on disposal of property, plant and equipmentSingapore dollars in thousands | (75) | PDF p. 70 |
| Allowance for expected credit loss, netSingapore dollars in thousands | 2,201 | PDF p. 70 |
| Bad debts written offSingapore dollars in thousands | 61 | PDF p. 70 |
| Fair value loss on financial assetsSingapore dollars in thousands | 42 | PDF p. 70 |
| Property, plant and equipment written offSingapore dollars in thousands | 18 | PDF p. 70 |
| Interest incomeSingapore dollars in thousands | (93) | PDF p. 70 |
| Interest expenseSingapore dollars in thousands | 2,846 | PDF p. 70 |
| Share of results of associatesSingapore dollars in thousands | (134) | PDF p. 70 |
| Share based payment expensesSingapore dollars in thousands | 120 | PDF p. 70 |
| Reversal of overprovision for withholding taxSingapore dollars in thousands | (365) | PDF p. 70 |
| Effect of exchange rate changesSingapore dollars in thousands | 1,048 | PDF p. 70 |
| Operating cash flows before changes in working capitalSingapore dollars in thousands | 28,324 | PDF p. 70 |
| Changes in working capital: | ||
| Decrease/(increase) in inventoriesSingapore dollars in thousands | (909) | PDF p. 70 |
| (Increase)/decrease in trade and other receivablesSingapore dollars in thousands | 991 | PDF p. 70 |
| (Increase)/decrease in prepaid operating expensesSingapore dollars in thousands | 815 | PDF p. 70 |
| Increase in trade and other payablesSingapore dollars in thousands | 767 | PDF p. 70 |
| Decrease in other liabilitiesSingapore dollars in thousands | (2,173) | PDF p. 70 |
| Cash flows from operationsSingapore dollars in thousands | 27,815 | PDF p. 70 |
| Interest receivedSingapore dollars in thousands | 93 | PDF p. 70 |
| Net income tax paidSingapore dollars in thousands | (2,940) | PDF p. 70 |
| Net cash flows generated from operating activitiesSingapore dollars in thousands | 24,968 | PDF p. 70 |
| Cash flows from investing activities: | ||
| Dividend received from an associateSingapore dollars in thousands | 128 | PDF p. 70 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars in thousands | 87 | PDF p. 70 |
| Proceeds from disposal of subsidiarySingapore dollars in thousands | 3,214 | PDF p. 70 |
| Purchase of property, plant and equipment (Note A)Singapore dollars in thousands | (6,307) | PDF p. 70 |
| Net cash flows used in investing activitiesSingapore dollars in thousands | (2,878) | PDF p. 70 |
Original report: PDF p. 70 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / re-presented per Note 34 / 1 June 2022–31 May 2023 | Source |
|---|---|---|
| Cash flows from financing activities: | ||
| Dividends paid to ordinary shareholdersSingapore dollars in thousands | (1,550) | PDF p. 71 |
| Interest paidSingapore dollars in thousands | (2,842) | PDF p. 71 |
| Repayment of principal portion of lease liabilitiesSingapore dollars in thousands | (6,413) | PDF p. 71 |
| Proceeds from loans and borrowingsSingapore dollars in thousands | 1,474 | PDF p. 71 |
| Repayment of loans and borrowingsSingapore dollars in thousands | (9,843) | PDF p. 71 |
| Purchase of treasury sharesSingapore dollars in thousands | – | PDF p. 71 |
| Net cash flows used in financing activitiesSingapore dollars in thousands | (19,174) | PDF p. 71 |
| Net (decrease)/increase in cash and cash equivalentsSingapore dollars in thousands | 2,916 | PDF p. 71 |
| Cash and cash equivalents at 1 JuneSingapore dollars in thousands | 27,106 | PDF p. 71 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars in thousands | (262) | PDF p. 71 |
| Cash and cash equivalents at 31 MaySingapore dollars in thousands | 29,760 | PDF p. 71 |
Original report: PDF p. 71 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / basic and diluted numerator / year ended 31 May 2023 | Source |
|---|---|---|
| EPS profit numerator | ||
| Profit attributable to owners of the Company used in the computation of basic and diluted earnings per shareSingapore dollars in thousands | 3,909 | PDF p. 90 |
Original report: PDF p. 90 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / thousand shares excluding treasury / year ended 31 May 2023 | Source |
|---|---|---|
| EPS share denominators | ||
| Weighted average number of ordinary shares for basic earnings per share computationOrdinary shares in thousands | 775,124 | PDF p. 90 |
| Weighted average number of ordinary shares for diluted earnings per share computationOrdinary shares in thousands | 775,124 | PDF p. 90 |
Original report: PDF p. 90 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2023Company | Source |
|---|---|---|---|
| Cash and short-term deposits | |||
| Cash at banks and on handSingapore dollars in thousands | 24,918 | 1,930 | PDF p. 103 |
| Short-term depositsSingapore dollars in thousands | 4,842 | 1,805 | PDF p. 103 |
| Cash and short-term depositsSingapore dollars in thousands | 29,760 | 3,735 | PDF p. 103 |
Original report: PDF p. 103 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / As previously reported | 2023Group / Reclassification | 2023Group / Re-presented | Source |
|---|---|---|---|---|
| Consolidated income statement | ||||
| Cost of salesSingapore dollars in thousands | 78,426 | (1,105) | 77,321 | PDF p. 129 |
| Original Note34reclassification | ||||
| Administrative expensesSingapore dollars in thousands | 21,930 | 1,105 | 23,035 | PDF p. 129 |
| Consolidated balance sheet | ||||
| Deferred tax assetsSingapore dollars in thousands | – | 491 | 491 | PDF p. 129 |
| Original Note34reclassification | ||||
| Deferred tax liabilitiesSingapore dollars in thousands | (2,764) | (491) | (3,255) | PDF p. 129 |
Original report: PDF p. 129 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / re-presented per Note 34 / 1 June 2021–31 May 2022 | Source |
|---|---|---|
| Group income statement | ||
| RevenueSingapore dollars in thousands | 104,803 | PDF p. 63 |
| Cost of salesSingapore dollars in thousands | (78,976) | PDF p. 63 |
| Gross profitSingapore dollars in thousands | 25,827 | PDF p. 63 |
| Other incomeSingapore dollars in thousands | 2,131 | PDF p. 63 |
| Expenses | ||
| Marketing and distribution costsSingapore dollars in thousands | (330) | PDF p. 63 |
| Administrative expensesSingapore dollars in thousands | (16,509) | PDF p. 63 |
| Finance costsSingapore dollars in thousands | (2,879) | PDF p. 63 |
| Other (expenses)/creditSingapore dollars in thousands | 84 | PDF p. 63 |
| Share of results of associatesSingapore dollars in thousands | 200 | PDF p. 63 |
| Profit before taxSingapore dollars in thousands | 8,524 | PDF p. 63 |
| Tax expenseSingapore dollars in thousands | (3,822) | PDF p. 63 |
| Profit for the yearSingapore dollars in thousands | 4,702 | PDF p. 63 |
| Profit attributable to | ||
| Owners of the CompanySingapore dollars in thousands | 4,702 | PDF p. 63 |
| Profit attributable to: | ||
| Profit for the yearSingapore dollars in thousands | 4,702 | PDF p. 63 |
| Earnings per share attributable to owners of the Company | ||
| - BasicSingapore cents per share | 0.61 | PDF p. 63 |
| - DilutedSingapore cents per share | 0.61 | PDF p. 63 |
Original report: PDF p. 63 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / re-presented per Note 34 / 1 June 2021–31 May 2022 | Source |
|---|---|---|
| Group comprehensive income | ||
| Profit for the yearSingapore dollars in thousands | 4,702 | PDF p. 64 |
| Items that may be reclassified subsequently to profit or loss | ||
| Net change in fair value of cash flow hedgesSingapore dollars in thousands | 1,204 | PDF p. 64 |
| Foreign currency translationSingapore dollars in thousands | (202) | PDF p. 64 |
| Other comprehensive income for the year, net of taxSingapore dollars in thousands | 1,002 | PDF p. 64 |
| Total comprehensive income for the yearSingapore dollars in thousands | 5,704 | PDF p. 64 |
| Total comprehensive income attributable to | ||
| Owners of the CompanySingapore dollars in thousands | 5,704 | PDF p. 64 |
| Attributable to: | ||
| Total comprehensive income for the yearSingapore dollars in thousands | 5,704 | PDF p. 64 |
Original report: PDF p. 64 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / re-presented per Note 34 / 1 June 2021–31 May 2022 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars in thousands | 132,436 | PDF p. 65 |
| Intangible assetsSingapore dollars in thousands | 5,696 | PDF p. 65 |
| Investments in subsidiariesSingapore dollars in thousands | – | PDF p. 65 |
| Investments in associatesSingapore dollars in thousands | 2,054 | PDF p. 65 |
| Financial assets at fair value through profit or lossSingapore dollars in thousands | 178 | PDF p. 65 |
| Other receivablesSingapore dollars in thousands | – | PDF p. 65 |
| Total non-current assetsSingapore dollars in thousands | 140,364 | PDF p. 65 |
| Current assets | ||
| InventoriesSingapore dollars in thousands | 1,065 | PDF p. 65 |
| Trade and other receivablesSingapore dollars in thousands | 42,526 | PDF p. 65 |
| Prepaid operating expensesSingapore dollars in thousands | 1,846 | PDF p. 65 |
| Derivative financial assetsSingapore dollars in thousands | 67 | PDF p. 65 |
| Cash and short-term depositSingapore dollars in thousands | 27,106 | PDF p. 65 |
| Total current assetsSingapore dollars in thousands | 72,610 | PDF p. 65 |
| Total assetsSingapore dollars in thousands | 212,974 | PDF p. 65 |
| Equity | ||
| Share capitalSingapore dollars in thousands | 85,145 | PDF p. 65 |
| Treasury sharesSingapore dollars in thousands | (1,531) | PDF p. 65 |
| Retained earnings/(accumulated losses)Singapore dollars in thousands | 5,835 | PDF p. 65 |
| Other reservesSingapore dollars in thousands | 1,562 | PDF p. 65 |
| Total equitySingapore dollars in thousands | 91,011 | PDF p. 65 |
| Net current assets/(liabilities)Singapore dollars in thousands | 29,378 | PDF p. 65 |
Original report: PDF p. 65 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / re-presented per Note 34 / 1 June 2021–31 May 2022 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars in thousands | 252 | PDF p. 65 |
| Intangible assetsSingapore dollars in thousands | – | PDF p. 65 |
| Investments in subsidiariesSingapore dollars in thousands | 57,157 | PDF p. 65 |
| Investments in associatesSingapore dollars in thousands | – | PDF p. 65 |
| Financial assets at fair value through profit or lossSingapore dollars in thousands | 67 | PDF p. 65 |
| Other receivablesSingapore dollars in thousands | 9,346 | PDF p. 65 |
| Total non-current assetsSingapore dollars in thousands | 66,822 | PDF p. 65 |
| Current assets | ||
| InventoriesSingapore dollars in thousands | – | PDF p. 65 |
| Trade and other receivablesSingapore dollars in thousands | 11,060 | PDF p. 65 |
| Prepaid operating expensesSingapore dollars in thousands | 73 | PDF p. 65 |
| Derivative financial assetsSingapore dollars in thousands | – | PDF p. 65 |
| Cash and short-term depositSingapore dollars in thousands | 5,783 | PDF p. 65 |
| Total current assetsSingapore dollars in thousands | 16,916 | PDF p. 65 |
| Total assetsSingapore dollars in thousands | 83,738 | PDF p. 65 |
| Equity | ||
| Share capitalSingapore dollars in thousands | 85,145 | PDF p. 65 |
| Treasury sharesSingapore dollars in thousands | (1,531) | PDF p. 65 |
| Retained earnings/(accumulated losses)Singapore dollars in thousands | (27,330) | PDF p. 65 |
| Other reservesSingapore dollars in thousands | (65) | PDF p. 65 |
| Total equitySingapore dollars in thousands | 56,219 | PDF p. 65 |
| Net current assets/(liabilities)Singapore dollars in thousands | (4,395) | PDF p. 65 |
Original report: PDF p. 65 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / re-presented per Note 34 / 1 June 2021–31 May 2022 | Source |
|---|---|---|
| Non-current liabilities | ||
| Other liabilitiesSingapore dollars in thousands | 2,164 | PDF p. 66 |
| BorrowingsSingapore dollars in thousands | 50,480 | PDF p. 66 |
| Lease liabilitiesSingapore dollars in thousands | 22,905 | PDF p. 66 |
| Deferred tax liabilitiesSingapore dollars in thousands | 3,182 | PDF p. 66 |
| Total non-current liabilitiesSingapore dollars in thousands | 78,731 | PDF p. 66 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars in thousands | 14,049 | PDF p. 66 |
| Other liabilitiesSingapore dollars in thousands | 8,173 | PDF p. 66 |
| BorrowingsSingapore dollars in thousands | 12,557 | PDF p. 66 |
| Lease liabilitiesSingapore dollars in thousands | 6,106 | PDF p. 66 |
| Tax payableSingapore dollars in thousands | 2,347 | PDF p. 66 |
| Total current liabilitiesSingapore dollars in thousands | 43,232 | PDF p. 66 |
| Total liabilitiesSingapore dollars in thousands | 121,963 | PDF p. 66 |
| Total equity and liabilitiesSingapore dollars in thousands | 212,974 | PDF p. 66 |
Original report: PDF p. 66 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / re-presented per Note 34 / 1 June 2021–31 May 2022 | Source |
|---|---|---|
| Non-current liabilities | ||
| Other liabilitiesSingapore dollars in thousands | – | PDF p. 66 |
| BorrowingsSingapore dollars in thousands | 6,117 | PDF p. 66 |
| Lease liabilitiesSingapore dollars in thousands | 57 | PDF p. 66 |
| Deferred tax liabilitiesSingapore dollars in thousands | 34 | PDF p. 66 |
| Total non-current liabilitiesSingapore dollars in thousands | 6,208 | PDF p. 66 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars in thousands | 17,790 | PDF p. 66 |
| Other liabilitiesSingapore dollars in thousands | 1,518 | PDF p. 66 |
| BorrowingsSingapore dollars in thousands | 1,939 | PDF p. 66 |
| Lease liabilitiesSingapore dollars in thousands | 36 | PDF p. 66 |
| Tax payableSingapore dollars in thousands | 28 | PDF p. 66 |
| Total current liabilitiesSingapore dollars in thousands | 21,311 | PDF p. 66 |
| Total liabilitiesSingapore dollars in thousands | 27,519 | PDF p. 66 |
| Total equity and liabilitiesSingapore dollars in thousands | 83,738 | PDF p. 66 |
Original report: PDF p. 66 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / Share capital | 2022Group / Treasury shares | 2022Group / Retained earnings | 2022Group / Other reserves, total | 2022Group / Cash flow hedge reserve | 2022Group / Translation reserve | 2022Group / Statutory reserve | 2022Group / Capital reserve | 2022Group / Share based payments reserve | 2022Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity / 2022 | |||||||||||
| Balance at 1 June 2021Singapore dollars in thousands | 85,145 | (1,531) | 4,502 | 259 | (1,133) | 806 | 1,519 | (933) | – | 88,375 | PDF p. 68 |
| Profit for the yearSingapore dollars in thousands | – | – | 4,702 | – | – | – | – | – | – | 4,702 | PDF p. 68 |
| - Foreign currency translationSingapore dollars in thousands | – | – | – | (202) | – | (202) | – | – | – | (202) | PDF p. 68 |
| - Net change in fair value of cash flow hedgesSingapore dollars in thousands | – | – | – | 1,204 | 1,204 | – | – | – | – | 1,204 | PDF p. 68 |
| Other comprehensive income for the year, net of taxSingapore dollars in thousands | – | – | – | 1,002 | 1,204 | (202) | – | – | – | 1,002 | PDF p. 68 |
| Total comprehensive income for the yearSingapore dollars in thousands | – | – | 4,702 | 1,002 | 1,204 | (202) | – | – | – | 5,704 | PDF p. 68 |
| - Dividends paid to ordinary sharesSingapore dollars in thousands | – | – | (3,100) | – | – | – | – | – | – | (3,100) | PDF p. 68 |
| - Share based paymentsSingapore dollars in thousands | – | – | – | 32 | – | – | – | – | 32 | 32 | PDF p. 68 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | – | – | (3,100) | 32 | – | – | – | – | 32 | (3,068) | PDF p. 68 |
| Total transactions with owners in their capacity as ownersSingapore dollars in thousands | – | – | (3,100) | 32 | – | – | – | – | 32 | (3,068) | PDF p. 68 |
| Transfer to statutory reserveSingapore dollars in thousands | – | – | (269) | 269 | – | – | 269 | – | – | – | PDF p. 68 |
| Closing balance at 31 May 2022Singapore dollars in thousands | 85,145 | (1,531) | 5,835 | 1,562 | 71 | 604 | 1,788 | (933) | 32 | 91,011 | PDF p. 68 |
Original report: PDF p. 68 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / Share capital | 2022Company / Treasury shares | 2022Company / Accumulated losses | 2022Company / Other reserves, total | 2022Company / Capital reserve | 2022Company / Share based payments reserve | 2022Company / Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Company changes in equity / 2022 | ||||||||
| Balance at 1 June 2021Singapore dollars in thousands | 85,145 | (1,531) | (26,965) | (97) | (97) | − | 56,552 | PDF p. 69 |
| Profit for the yearSingapore dollars in thousands | − | − | 2,735 | − | − | − | 2,735 | PDF p. 69 |
| Total comprehensive income for the yearSingapore dollars in thousands | − | − | 2,735 | − | − | − | 2,735 | PDF p. 69 |
| Dividend paid to ordinary sharesSingapore dollars in thousands | − | − | (3,100) | − | − | − | (3,100) | PDF p. 69 |
| Share based paymentsSingapore dollars in thousands | − | − | − | 32 | − | 32 | 32 | PDF p. 69 |
| Total contributions by and distributions to ownersSingapore dollars in thousands | − | − | (3,100) | 32 | − | 32 | (3,068) | PDF p. 69 |
| Closing balance at 31 May 2022Singapore dollars in thousands | 85,145 | (1,531) | (27,330) | (65) | (97) | 32 | 56,219 | PDF p. 69 |
Original report: PDF p. 69 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / re-presented per Note 34 / 1 June 2021–31 May 2022 | Source |
|---|---|---|
| Cash flows from operating activities: | ||
| Profit before taxSingapore dollars in thousands | 8,524 | PDF p. 70 |
| Adjustments for: | ||
| Depreciation of property, plant and equipmentSingapore dollars in thousands | 13,997 | PDF p. 70 |
| Amortisation of intangible assets – customer relationshipsSingapore dollars in thousands | 372 | PDF p. 70 |
| Amortisation of intangible assets – mining rightsSingapore dollars in thousands | – | PDF p. 70 |
| Gain on disposal of property, plant and equipmentSingapore dollars in thousands | (71) | PDF p. 70 |
| Gain on bargain purchaseSingapore dollars in thousands | (235) | PDF p. 70 |
| Allowance for expected credit loss, netSingapore dollars in thousands | 910 | PDF p. 70 |
| Bad debts written offSingapore dollars in thousands | – | PDF p. 70 |
| Fair value loss on financial assetsSingapore dollars in thousands | 88 | PDF p. 70 |
| Property, plant and equipment written offSingapore dollars in thousands | – | PDF p. 70 |
| Interest incomeSingapore dollars in thousands | (16) | PDF p. 70 |
| Interest expenseSingapore dollars in thousands | 2,879 | PDF p. 70 |
| Share of results of associatesSingapore dollars in thousands | (200) | PDF p. 70 |
| Share based payment expensesSingapore dollars in thousands | 32 | PDF p. 70 |
| Reversal of overprovision for withholding taxSingapore dollars in thousands | – | PDF p. 70 |
| Effect of exchange rate changesSingapore dollars in thousands | (6) | PDF p. 70 |
| Operating cash flows before changes in working capitalSingapore dollars in thousands | 26,274 | PDF p. 70 |
| Changes in working capital: | ||
| Increase in inventoriesSingapore dollars in thousands | (138) | PDF p. 70 |
| Decrease in trade and other receivablesSingapore dollars in thousands | 4,978 | PDF p. 70 |
| Decrease/(increase) in prepaid operating expensesSingapore dollars in thousands | (161) | PDF p. 70 |
| Increase in trade and other payablesSingapore dollars in thousands | 1,991 | PDF p. 70 |
| Decrease in other liabilitiesSingapore dollars in thousands | (4,429) | PDF p. 70 |
| Cash flows from operationsSingapore dollars in thousands | 28,515 | PDF p. 70 |
| Interest receivedSingapore dollars in thousands | 16 | PDF p. 70 |
| Net income tax paidSingapore dollars in thousands | (2,533) | PDF p. 70 |
| Net cash flows from operating activitiesSingapore dollars in thousands | 25,998 | PDF p. 70 |
| Cash flows from investing activities: | ||
| Dividend received from an associateSingapore dollars in thousands | – | PDF p. 70 |
| Net cash outflow on acquisition of a subsidiarySingapore dollars in thousands | (12,055) | PDF p. 70 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars in thousands | 85 | PDF p. 70 |
| Proceeds from disposal of subsidiarySingapore dollars in thousands | – | PDF p. 70 |
| Purchase of property, plant and equipment (Note A)Singapore dollars in thousands | (5,850) | PDF p. 70 |
| Net cash flows used in investing activitiesSingapore dollars in thousands | (17,820) | PDF p. 70 |
Original report: PDF p. 70 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / re-presented per Note 34 / 1 June 2021–31 May 2022 | Source |
|---|---|---|
| Cash flows from financing activities: | ||
| Dividends paid to ordinary shareholdersSingapore dollars in thousands | (3,100) | PDF p. 71 |
| Interest paidSingapore dollars in thousands | (2,861) | PDF p. 71 |
| Repayment of principal portion of lease liabilitiesSingapore dollars in thousands | (6,179) | PDF p. 71 |
| Proceeds from loans and borrowingsSingapore dollars in thousands | 9,679 | PDF p. 71 |
| Repayment of loans and borrowingsSingapore dollars in thousands | (9,400) | PDF p. 71 |
| Decrease in short-term deposit – pledgedSingapore dollars in thousands | 1,410 | PDF p. 71 |
| Net cash flows used in financing activitiesSingapore dollars in thousands | (10,451) | PDF p. 71 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars in thousands | (2,273) | PDF p. 71 |
| Cash and cash equivalents at 1 JuneSingapore dollars in thousands | 29,479 | PDF p. 71 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars in thousands | (100) | PDF p. 71 |
| Cash and cash equivalents at 31 MaySingapore dollars in thousands | 27,106 | PDF p. 71 |
Original report: PDF p. 71 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / basic and diluted numerator / year ended 31 May 2022 | Source |
|---|---|---|
| EPS profit numerator | ||
| Profit attributable to owners of the Company used in the computation of basic and diluted earnings per shareSingapore dollars in thousands | 4,702 | PDF p. 93 |
Original report: PDF p. 93 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / thousand shares excluding treasury / year ended 31 May 2022 | Source |
|---|---|---|
| EPS weighted share denominator | ||
| Weighted average number of ordinary shares for basic and diluted earnings per share computationOrdinary shares in thousands | 775,124 | PDF p. 93 |
Original report: PDF p. 93 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / As previously reported | 2022Group / Reclassification | 2022Group / Re-presented | Source |
|---|---|---|---|---|
| Consolidated Income Statement | ||||
| Cost of salesSingapore dollars in thousands | 78,526 | 450 | 78,976 | PDF p. 138 |
| Original Note34reclassification | ||||
| Administrative expensesSingapore dollars in thousands | 16,959 | (450) | 16,509 | PDF p. 138 |
Original report: PDF p. 138 ↗
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
Where the money comes from
| Item / unit | 2026Investment holding | 2026Warehouse and logistics | 2026Infrastructural materials and services | 2026Retail and distribution | 2026Agriculture | 2026Consolidation adjustments | 2026Total | Source |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| - External customers$'000 | – | 91,082 | 14,851 | 30,313 | 1,366 | – | 137,612 | PDF p. 135 |
| - Inter-segment$'000 | – | 568 | – | – | 29 | (597) | – | PDF p. 135 |
| Total revenue$'000 | – | 91,650 | 14,851 | 30,313 | 1,395 | (597) | 137,612 | PDF p. 135 |
| Results | ||||||||
| Results:$'000 | (1,730) | 25,820 | 1,971 | 924 | (188) | (243) | 26,554 | PDF p. 135 |
| Depreciation of property, plant and equipment$'000 | (210) | (13,342) | (647) | (1,074) | (336) | (388) | (15,997) | PDF p. 135 |
| Amortisation of intangible assets$'000 | – | (202) | – | – | – | – | (202) | PDF p. 135 |
| Allowance for expected credit loss, net$'000 | – | – | (1,678) | – | (11) | – | (1,689) | PDF p. 135 |
| Bad debts written off$'000 | – | (31) | – | – | – | – | (31) | PDF p. 135 |
| Impairment loss on investment in subsidiary$'000 | (1,707) | – | – | – | – | 1,707 | – | PDF p. 135 |
| Fair value loss on financial assets$'000 | (4) | – | – | – | – | – | (4) | PDF p. 135 |
| Gain on disposal of property, plant and equipment$'000 | 94 | 23 | 16 | (21) | – | – | 112 | PDF p. 135 |
| Impairment of property, plant and equipment$'000 | – | – | – | – | (1,432) | – | (1,432) | PDF p. 135 |
| Share of results of associates$'000 | – | – | (210) | – | – | – | (210) | PDF p. 135 |
| Dividend income$'000 | 5,000 | – | – | – | – | (5,000) | – | PDF p. 135 |
| Interest income$'000 | 131 | 144 | 5 | – | – | (122) | 158 | PDF p. 135 |
| Finance costs$'000 | (1) | (1,468) | (195) | (177) | – | 122 | (1,719) | PDF p. 135 |
| Segment profit/(loss)$'000 | 1,573 | 10,944 | (738) | (348) | (1,967) | (3,924) | 5,540 | PDF p. 135 |
(1) Inter-segment revenues are eliminated on consolidation. Segment performance is evaluated based on operating profit or loss; tax expense is managed on a group basis and not allocated. Column header: Infrastructural materials and services.
| Item / unit | 2026Investment holding | 2026Warehouse and logistics | 2026Infrastructural materials and services | 2026Retail and distribution | 2026Agriculture | 2026Consolidation adjustments | 2026Total | Source |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Investments in associates$'000 | – | 14 | 1,585 | – | – | – | 1,599 | PDF p. 136 |
| Additions to non-current assets (2)$'000 | 905 | 6,187 | 71 | 1,984 | 28 | – | 9,175 | PDF p. 136 |
| Segment assets (3)$'000 | 70,739 | 127,623 | 30,346 | 9,024 | 1,537 | (57,167) | 182,102 | PDF p. 136 |
| Segment liabilities | ||||||||
| Unallocated liabilities:$'000 | 1,407 | 54,947 | 12,246 | 7,993 | 504 | (9,317) | 67,780 | PDF p. 136 |
(1) Inter-segment revenues are eliminated on consolidation.
(2) Consist of additions to property, plant and equipment.
(3) Inter-segment assets and liabilities are eliminated to arrive at the total assets and liabilities reported in the consolidated balance sheet.
Unallocated items (deferred tax assets, deferred tax liabilities, tax payable) shown only in Total column. In the source, the 'Segment liabilities (3)' label and 'Unallocated liabilities:' label are on adjacent lines with the values (1,407 ... 67,780) on the Unallocated liabilities line; values are segment liabilities.
| Item / unit | 2025Investment holding | 2025Warehouse and logistics | 2025Infrastructural materials and services | 2025Retail and distribution | 2025Agriculture | 2025Consolidation adjustments | 2025Total | Source |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| - External customers$'000 | – | 94,682 | 24,294 | 6,290 | 1,253 | – | 126,519 | PDF p. 137 |
| - Inter-segment$'000 | – | 457 | – | – | 4 | (461) | – | PDF p. 137 |
| Total revenue$'000 | – | 95,139 | 24,294 | 6,290 | 1,257 | (461) | 126,519 | PDF p. 137 |
| Results | ||||||||
| Results:$'000 | (4,844) | 27,280 | 4,451 | (170) | (467) | 1,860 | 28,110 | PDF p. 137 |
| Depreciation of property, plant and equipment$'000 | (132) | (13,114) | (992) | (111) | (330) | (391) | (15,070) | PDF p. 137 |
| Amortisation of intangible assets$'000 | – | (201) | (55) | – | – | – | (256) | PDF p. 137 |
| (Allowance)/reversal of allowance for expected credit loss, net$'000 | – | (24) | 468 | – | – | – | 444 | PDF p. 137 |
| Bad debts written off$'000 | – | (2) | – | – | – | – | (2) | PDF p. 137 |
| Impairment loss on investment in subsidiary$'000 | (675) | – | – | – | – | 675 | – | PDF p. 137 |
| Property, plant and equipment written off$'000 | – | (19) | – | – | – | – | (19) | PDF p. 137 |
| Fair value loss on financial assets$'000 | (2) | – | – | – | – | – | (2) | PDF p. 137 |
| Gain on disposal of property, plant and equipment$'000 | 28 | 34 | – | – | – | – | 62 | PDF p. 137 |
| Net gain on disposal of intangible assets$'000 | – | – | 1,112 | – | – | – | 1,112 | PDF p. 137 |
| Share of results of associates$'000 | – | – | (23) | – | – | – | (23) | PDF p. 137 |
| Dividend income$'000 | 7,560 | – | – | – | – | (7,560) | – | PDF p. 137 |
| Interest income$'000 | 193 | 173 | 16 | – | – | (137) | 245 | PDF p. 137 |
| Finance costs$'000 | (54) | (2,008) | (245) | (7) | (6) | 137 | (2,183) | PDF p. 137 |
| Segment profit/(loss)$'000 | 2,074 | 12,119 | 4,732 | (288) | (803) | (5,416) | 12,418 | PDF p. 137 |
(1) Inter-segment revenues are eliminated on consolidation. Comparative year ended 31 May 2025.
| Item / unit | 2025Investment holding | 2025Warehouse and logistics | 2025Infrastructural materials and services | 2025Retail and distribution | 2025Agriculture | 2025Consolidation adjustments | 2025Total | Source |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Investments in associates$'000 | – | 14 | 1,712 | – | – | – | 1,726 | PDF p. 138 |
| Additions to non-current assets (2)$'000 | 416 | 7,779 | 141 | 1,692 | 181 | – | 10,209 | PDF p. 138 |
| Segment assets (3)$'000 | 65,093 | 128,278 | 31,905 | 6,830 | 3,565 | (52,439) | 183,232 | PDF p. 138 |
| Segment liabilities | ||||||||
| Unallocated liabilities:$'000 | 2,218 | 59,181 | 13,602 | 6,719 | 650 | (4,113) | 78,257 | PDF p. 138 |
(1) Inter-segment revenues are eliminated on consolidation.
(2) Consist of additions to property, plant and equipment.
(3) Inter-segment assets and liabilities are eliminated to arrive at the total assets and liabilities reported in the consolidated balance sheet.
Segment liabilities values appear on the 'Unallocated liabilities:' line in the source.
| Item / unit | 2026Revenue | 2025Revenue | 2026Non-current assets | 2025Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical segments | |||||
| Singapore$'000 | 121,967 | 102,212 | 89,213 | 99,465 | PDF p. 139 |
| People’s Republic of China$'000 | 14,851 | 24,294 | 9,309 | 9,412 | PDF p. 139 |
| Others$'000 | 794 | 13 | 2,035 | 84 | PDF p. 139 |
| Total$'000 | 137,612 | 126,519 | 100,557 | 108,961 | PDF p. 139 |
(1) Non-current assets information presented above consist of property, plant and equipment and intangible assets as presented in the balance sheets.
Revenue and non-current assets based on geographical location of customers and assets respectively.
Revenue from two major customers amount to $35,480,000 (2025: $20,026,000) for the financial year ended 31 May 2026, arising from sales by the warehouse and logistics segment and the retail and distribution segment.
Debt
| Item / unit | 2026One year or less, $'000 | 2026One to five years, $'000 | 2026Over five years, $'000 | 2026Total, $'000 | 2025One year or less, $'000 | 2025One to five years, $'000 | 2025Over five years, $'000 | 2025Total, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Financial liabilities | |||||||||
| Borrowings$'000 | 12,916 | 22,770 | 142 | 35,828 | 12,279 | 26,528 | 3,038 | 41,845 | PDF p. 130PDF p. 131 |
| Lease liabilities$'000 | 3,447 | 6,981 | 4,480 | 14,908 | 5,992 | 5,440 | 5,382 | 16,814 | PDF p. 130PDF p. 131 |
Based on contractual undiscounted repayment obligations.
| Item / unit | 2026Group, $'000 | 2025Group, $'000 | 2026Company, $'000 | 2025Company, $'000 | Source |
|---|---|---|---|---|---|
| Current | |||||
| - Unsecured$'000 | 942 | 1,090 | – | 194 | PDF p. 116 |
| - Secured$'000 | 11,060 | 9,938 | – | – | PDF p. 116 |
| Non-current | |||||
| - Secured$'000 | 21,407 | 27,447 | – | – | PDF p. 116 |
| Total | |||||
| Total borrowings$'000 | 33,409 | 38,475 | – | 194 | PDF p. 116 |
Current subtotal printed as 12,002 / 11,028 / – / 194 (unlabelled row). Interest rates and terms are in the Note 22 narrative on pages 117-119 (e.g. 18-year SGD commercial property loan fixed 2.75% for years 1-2 then 2.00% over SORA; RMB 1-year loans fixed 3.00%-5.60%; SGD term loans at 0.80%-1.75% over SORA; trust receipts 1.50% over Cost of Funds). Loans are SGD and RMB denominated; secured by mortgages of leasehold land/buildings/equipment and corporate guarantees.
| Item / unit | 2025Balance at 31 May 2025, $'000 | 2026Cash flows - Repayment, $'000 | 2026Cash flows - Proceeds, $'000 | 2026Addition of leases, $'000 | 2026Disposal of leases, $'000 | 2026Foreign exchange movement, $'000 | 2026Others, $'000 | 2026Balance at 31 May 2026, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Bank loans | |||||||||
| - Current$'000 | 11,028 | (19,461) | 14,191 | – | – | 204 | 6,040 | 12,002 | PDF p. 119 |
| - Non-current$'000 | 27,447 | – | – | – | – | – | (6,040) | 21,407 | PDF p. 119 |
| Lease liabilities | |||||||||
| - Current$'000 | 5,512 | (6,621) | – | 1,174 | (14) | (12) | 2,990 | 3,029 | PDF p. 119 |
| - Non-current$'000 | 9,136 | – | – | 3,324 | – | – | (2,990) | 9,470 | PDF p. 119 |
| Total | |||||||||
| Total$'000 | 53,123 | (26,082) | 14,191 | 4,498 | (14) | 192 | – | 45,908 | PDF p. 119 |
Disposal of leases column shown as printed; the printed header reads 'Disposal of leases' with 'Foreign exchange movement' following.
| Item / unit | 2024Balance at 31 May 2024, $'000 | 2025Repayment, $'000 | 2025Proceeds, $'000 | 2025Addition of leases, $'000 | 2025Foreign exchange movement, $'000 | 2025Others, $'000 | 2025Balance at 31 May 2025, $'000 | Source |
|---|---|---|---|---|---|---|---|---|
| Bank loans | ||||||||
| - Current$'000 | 10,666 | (10,599) | 6,636 | – | (135) | 4,460 | 11,028 | PDF p. 120 |
| - Non-current$'000 | 31,653 | – | 254 | – | – | (4,460) | 27,447 | PDF p. 120 |
| Lease liabilities | ||||||||
| - Current$'000 | 4,770 | (5,418) | – | 2,492 | – | 3,668 | 5,512 | PDF p. 120 |
| - Non-current$'000 | 12,804 | – | – | – | – | (3,668) | 9,136 | PDF p. 120 |
| Total | ||||||||
| Total$'000 | 59,893 | (16,017) | 6,890 | 2,492 | (135) | – | 53,123 | PDF p. 120 |
The ‘Others’ column relates to reclassification of non-current portion of loans and borrowings including obligations under leases due to passage of time and accretion of interests.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Group does not have a formal dividend policy at present. The form, frequency and amount of dividends declared each year will take into consideration the Group’s earnings, general financial condition, results of operations, capital requirements, cash flow, general business conditions, the Group’s development plans and other factors as the Board may deem appropriate. | Group | PDF p. 48 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim exempt (one-tier) dividend for FY2026 | 0.05 Singapore cents per share | FY2026 interim, one-tier tax exempt, declared and paid; FY2025 comparative also 0.05 | PDF p. 133 |
| final dividend (one-tier tax exempt) in respect of FY2026 | 0.10 Singapore cents per share | FY2026 proposed final, one-tier tax exempt, subject to shareholders’ approval at AGM | PDF p. 48 |
| Final exempt (one-tier) dividend for FY2025 | 0.35 Singapore cents per share | FY2025 final, one-tier tax exempt, paid during FY2026; comparative FY2024 final 0.20 | PDF p. 133 |
| total dividend | 0.15 Singapore cents per share | FY2026 total (interim 0.05 + proposed final 0.10) | PDF p. 48 |
| Dividend per share (SGD cent) | 0.4 SGD cent per share | FY2025 (financial year ended 31 May 2025); FY2024 0.2; FY2026 0.15 | PDF p. 17 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| dividend payout | approximately 39.8% (FY25: 34.8%) | FY2026; comparative FY2025 34.8% | PDF p. 10 |
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 |
|---|---|---|---|
| Auditor | Ernst & Young LLP | Group and Company, FY ended 31 May 2026 | PDF p. 68 |
| Engagement partner | Lim Huijing Amanda | Group | PDF p. 68 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Allowance for expected credit losses for trade receivables | Given the magnitude and that impairment assessment of trade receivables requires significant management judgment, we determined that this is a key audit matter. | Group | PDF p. 66 |
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.
Five full financial years FY2022–FY2026 end on 31 May. Latest comparative presentation: FY2026 annual supplies 2026/2025, FY2025 supplies 2024, FY2024 supplies 2023, and FY2023 supplies 2022. Five annual originals total 753 pages; two separately archived mandate addenda total 64 pages.
Statement money is Singapore dollars in thousands ($’000). EPS is Singapore cents per share; weighted average share denominators in Note 9 are thousands of ordinary shares excluding treasury. The original FY2024 comparative cash-flow fair-value-loss cell is printed −*; its footnote says less than $1,000. The displayed * retains that bound and does not assert an exact zero.
FY2024 Note 34 re-presents FY2023 cost of sales from 78,426 to 77,321 and administrative expenses from 21,930 to 23,035 (S$’000). Deferred tax assets increase 491 and deferred tax liabilities increase 491; total assets and liabilities each increase 491, with equity and net profit unchanged. FY2023 Note 34 re-presents FY2022 cost of sales from 78,526 to 78,976 and administrative expenses from 16,959 to 16,509. Both original bridges are shown; these are disclosed reclassifications.
FY2026 Group net profit 3,096 comprises owners profit 3,234 and NCI loss 138 (S$’000). Current Group equity includes NCI; historical equity retains the printed cash-flow-hedge reserve column. Group and Company component columns keep their original year and scope.
GKE Retails is a consolidated subsidiary with 60% Group interest and 40% NCI after the 27 June 2025 transaction, despite the contract title Joint Venture Agreement. The printed superscript footnote 1 after 60 is not 601%. External subscription consideration was $666,667 in cash and assets; consolidated cash flow reports 400 (S$’000) cash. The source equity statement separately reports 551 NCI and 116 capital reserve, total 667 (S$’000). These are distinct scopes.
FY2026 Note 9 prints basic and diluted denominators 827,965 and 832,849 thousand shares, an increment of 4,884 thousand. Its narrative says 4,618,000 share options were considered. Both original disclosures are retained; that EPS note provides no bridge for the difference. Original basic and diluted EPS both round to 0.39 cents using the printed denominators.
Current Ernst & Young LLP audit, engagement partner Lim Huijing Amanda, dated 31 August 2026, expresses a true and fair opinion. This is the opinion in this issuer’s original report.
Group income, comprehensive income and cash-flow statements, and Group/Company balance sheets and changes in equity are printed. Separate Company income, comprehensive-income and cash-flow primary statements are not printed.
Annual addenda dated 10 September 2026 and 10 September 2025 seek renewal of the Share Purchase Mandate and IPT General Mandate. Their illustrative financial effects are not replacement audited balances. The FY2025 addendum cover date is 10 September 2025 while its SGX broadcast is 9 September 2025; document and announcement dates remain distinct.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.