Annual Report 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| Group profit or loss and comprehensive income | |||
| RevenueSingapore dollars thousands | 56,752 | 54,723 | PDF p. 58 |
| Cost of salesSingapore dollars thousands | (47,304) | (44,900) | PDF p. 58 |
| Gross profitSingapore dollars thousands | 9,448 | 9,823 | PDF p. 58 |
| Interest incomeSingapore dollars thousands | 613 | 783 | PDF p. 58 |
| Other gainsSingapore dollars thousands | 722 | 931 | PDF p. 58 |
| Distribution costsSingapore dollars thousands | (2,118) | (2,150) | PDF p. 58 |
| Administrative expensesSingapore dollars thousands | (6,875) | (6,517) | PDF p. 58 |
| Finance costsSingapore dollars thousands | (128) | (136) | PDF p. 58 |
| Other losses and chargesSingapore dollars thousands | (42) | (601) | PDF p. 58 |
| Share of results of equity-accounted joint venturesSingapore dollars thousands | 225 | 96 | PDF p. 58 |
| Profit before taxSingapore dollars thousands | 1,845 | 2,229 | PDF p. 58 |
| Income tax expenseSingapore dollars thousands | (266) | (174) | PDF p. 58 |
| Profit for the yearSingapore dollars thousands | 1,579 | 2,055 | PDF p. 58 |
| Other comprehensive (loss)/income Items that may be reclassified subsequently to profit or loss Exchange differences on translation from functional currency to presentation currencySingapore dollars thousands | (1,908) | 1,153 | PDF p. 58 |
| Share of other comprehensive loss from equity-accounted joint ventures, net of taxSingapore dollars thousands | (174) | (34) | PDF p. 58 |
| Other comprehensive (loss)/income for the yearSingapore dollars thousands | (2,082) | 1,119 | PDF p. 58 |
| Total comprehensive (loss)/income for the yearSingapore dollars thousands | (503) | 3,174 | PDF p. 58 |
| Earnings per share Basic and dilutedSingapore cents per share | 0.96 | 1.25 | PDF p. 58 |
Original report: PDF p. 58 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before taxSingapore dollars thousands | 1,845 | 2,229 | PDF p. 61 |
| Adjustments for: | |||
| Interest incomeSingapore dollars thousands | (613) | (783) | PDF p. 61 |
| Interest expenseSingapore dollars thousands | 128 | 136 | PDF p. 61 |
| Interest income from insurance policySingapore dollars thousands | (68) | (61) | PDF p. 61 |
| Income from 2019 agreementSingapore dollars thousands | (70) | (100) | PDF p. 61 |
| Insurance premium charged to profit or lossSingapore dollars thousands | 9 | 9 | PDF p. 61 |
| Dividend incomeSingapore dollars thousands | (90) | (102) | PDF p. 61 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | 1,588 | 1,589 | PDF p. 61 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 341 | 342 | PDF p. 61 |
| Government grant income related to asset purchaseSingapore dollars thousands | (28) | (57) | PDF p. 61 |
| Share of results of equity – accounted joint ventures, net of taxSingapore dollars thousands | (225) | (96) | PDF p. 61 |
| Plant and equipment written-offSingapore dollars thousands | 4 | – | PDF p. 61 |
| Gain on disposal of plant and equipmentSingapore dollars thousands | (17) | (126) | PDF p. 61 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 2,804 | 2,980 | PDF p. 61 |
| InventoriesSingapore dollars thousands | 404 | (248) | PDF p. 61 |
| Trade and other receivablesSingapore dollars thousands | (501) | (196) | PDF p. 61 |
| Other assetsSingapore dollars thousands | (8) | 1,003 | PDF p. 61 |
| Trade and other payablesSingapore dollars thousands | (9) | (1,093) | PDF p. 61 |
| Net cash flows from operationsSingapore dollars thousands | 2,690 | 2,446 | PDF p. 61 |
| Net income taxes paidSingapore dollars thousands | (134) | (97) | PDF p. 61 |
| Net cash flows generated from operating activitiesSingapore dollars thousands | 2,556 | 2,349 | PDF p. 61 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (559) | (1,203) | PDF p. 61 |
| Proceeds from disposal of plant and equipmentSingapore dollars thousands | 19 | 135 | PDF p. 61 |
| Subscription of convertible promissory notesSingapore dollars thousands | – | (229) | PDF p. 61 |
| Receipt of income from 2019 agreementSingapore dollars thousands | 70 | 100 | PDF p. 61 |
| Interest receivedSingapore dollars thousands | 613 | 783 | PDF p. 61 |
| Dividends receivedSingapore dollars thousands | 90 | 102 | PDF p. 61 |
| Net cash flows generated from/(used in) investing activitiesSingapore dollars thousands | 233 | (312) | PDF p. 61 |
| Cash flows from financing activities | |||
| Dividends paidSingapore dollars thousands | (823) | (823) | PDF p. 61 |
| Repayment of lease liabilitiesSingapore dollars thousands | (312) | (302) | PDF p. 61 |
| Interest paidSingapore dollars thousands | (128) | (136) | PDF p. 61 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (1,263) | (1,261) | PDF p. 61 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 1,526 | 776 | PDF p. 61 |
| Cash and cash equivalents at beginning of the yearSingapore dollars thousands | 26,205 | 25,047 | PDF p. 61 |
| Net effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | (736) | 382 | PDF p. 61 |
| Cash and cash equivalents at end of the year (Note 23)Singapore dollars thousands | 26,995 | 26,205 | PDF p. 61 |
Original report: PDF p. 61 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars thousands | 12,991 | 14,527 | PDF p. 59 |
| Right-of-use assetsSingapore dollars thousands | 4,165 | 4,524 | PDF p. 59 |
| GoodwillSingapore dollars thousands | 409 | 409 | PDF p. 59 |
| Investments in subsidiariesSingapore dollars thousands | – | – | PDF p. 59 |
| Investments in joint venturesSingapore dollars thousands | 2,551 | 2,500 | PDF p. 59 |
| Deferred tax assetsSingapore dollars thousands | 45 | 45 | PDF p. 59 |
| Other financial assetsSingapore dollars thousands | 6,829 | 7,116 | PDF p. 59 |
| Other receivablesSingapore dollars thousands | 449 | 472 | PDF p. 59 |
| Total non-current assetsSingapore dollars thousands | 27,439 | 29,593 | PDF p. 59 |
| Current assets | |||
| InventoriesSingapore dollars thousands | 7,496 | 8,215 | PDF p. 59 |
| Trade and other receivablesSingapore dollars thousands | 6,448 | 6,117 | PDF p. 59 |
| Other assetsSingapore dollars thousands | 310 | 312 | PDF p. 59 |
| Cash and cash equivalentsSingapore dollars thousands | 26,995 | 26,205 | PDF p. 59 |
| Total current assetsSingapore dollars thousands | 41,249 | 40,849 | PDF p. 59 |
| Total assetsSingapore dollars thousands | 68,688 | 70,442 | PDF p. 59 |
| EQUITY AND LIABILITIES | |||
| Equity attributable to owners of the Company Share capitalSingapore dollars thousands | 6,606 | 6,606 | PDF p. 59 |
| Retained earningsSingapore dollars thousands | 49,564 | 48,808 | PDF p. 59 |
| Other reservesSingapore dollars thousands | 1,540 | 3,622 | PDF p. 59 |
| Total equitySingapore dollars thousands | 57,710 | 59,036 | PDF p. 59 |
| Non-current liabilities | |||
| Deferred tax liabilitiesSingapore dollars thousands | 596 | 618 | PDF p. 59 |
| Lease liabilities, non-currentSingapore dollars thousands | 4,251 | 4,530 | PDF p. 59 |
| Other non-financial liabilities, non-currentSingapore dollars thousands | 331 | 405 | PDF p. 59 |
| Total non-current liabilitiesSingapore dollars thousands | 5,178 | 5,553 | PDF p. 59 |
| Current liabilities | |||
| Income tax payableSingapore dollars thousands | 342 | 210 | PDF p. 59 |
| Lease liabilities, currentSingapore dollars thousands | 312 | 311 | PDF p. 59 |
| Trade and other payablesSingapore dollars thousands | 5,091 | 5,274 | PDF p. 59 |
| Other non-financial liabilities, currentSingapore dollars thousands | 55 | 58 | PDF p. 59 |
| Total current liabilitiesSingapore dollars thousands | 5,800 | 5,853 | PDF p. 59 |
| Total liabilitiesSingapore dollars thousands | 10,978 | 11,406 | PDF p. 59 |
| Total equity and liabilitiesSingapore dollars thousands | 68,688 | 70,442 | PDF p. 59 |
Original report: PDF p. 59 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / year ended December 31, 2025 | 2024Company / year ended December 31, 2024 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars thousands | 376 | 500 | PDF p. 59 |
| Right-of-use assetsSingapore dollars thousands | 988 | 1,106 | PDF p. 59 |
| GoodwillSingapore dollars thousands | – | – | PDF p. 59 |
| Investments in subsidiariesSingapore dollars thousands | 16,697 | 17,809 | PDF p. 59 |
| Investments in joint venturesSingapore dollars thousands | 493 | 518 | PDF p. 59 |
| Deferred tax assetsSingapore dollars thousands | – | – | PDF p. 59 |
| Other financial assetsSingapore dollars thousands | 6,508 | 6,778 | PDF p. 59 |
| Other receivablesSingapore dollars thousands | – | – | PDF p. 59 |
| Total non-current assetsSingapore dollars thousands | 25,062 | 26,711 | PDF p. 59 |
| Current assets | |||
| InventoriesSingapore dollars thousands | – | – | PDF p. 59 |
| Trade and other receivablesSingapore dollars thousands | 16,097 | 14,640 | PDF p. 59 |
| Other assetsSingapore dollars thousands | 9 | 10 | PDF p. 59 |
| Cash and cash equivalentsSingapore dollars thousands | 1,536 | 3,976 | PDF p. 59 |
| Total current assetsSingapore dollars thousands | 17,642 | 18,626 | PDF p. 59 |
| Total assetsSingapore dollars thousands | 42,704 | 45,337 | PDF p. 59 |
| EQUITY AND LIABILITIES | |||
| Equity attributable to owners of the Company Share capitalSingapore dollars thousands | 6,606 | 6,606 | PDF p. 59 |
| Retained earningsSingapore dollars thousands | 35,271 | 35,829 | PDF p. 59 |
| Other reservesSingapore dollars thousands | (2,884) | (890) | PDF p. 59 |
| Total equitySingapore dollars thousands | 38,993 | 41,545 | PDF p. 59 |
| Non-current liabilities | |||
| Deferred tax liabilitiesSingapore dollars thousands | – | – | PDF p. 59 |
| Lease liabilities, non-currentSingapore dollars thousands | 1,076 | 1,137 | PDF p. 59 |
| Other non-financial liabilities, non-currentSingapore dollars thousands | – | – | PDF p. 59 |
| Total non-current liabilitiesSingapore dollars thousands | 1,076 | 1,137 | PDF p. 59 |
| Current liabilities | |||
| Income tax payableSingapore dollars thousands | – | – | PDF p. 59 |
| Lease liabilities, currentSingapore dollars thousands | 61 | 59 | PDF p. 59 |
| Trade and other payablesSingapore dollars thousands | 2,574 | 2,596 | PDF p. 59 |
| Other non-financial liabilities, currentSingapore dollars thousands | – | – | PDF p. 59 |
| Total current liabilitiesSingapore dollars thousands | 2,635 | 2,655 | PDF p. 59 |
| Total liabilitiesSingapore dollars thousands | 3,711 | 3,792 | PDF p. 59 |
| Total equity and liabilitiesSingapore dollars thousands | 42,704 | 45,337 | PDF p. 59 |
Original report: PDF p. 59 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 / Share capital | 2025Group / year ended December 31, 2025 / Retained earnings | 2025Group / year ended December 31, 2025 / Other reserves | 2025Group / year ended December 31, 2025 / Total equity | Source |
|---|---|---|---|---|---|
| Group changes in equity | |||||
| At 1 January 2025Singapore dollars thousands | 6,606 | 48,808 | 3,622 | 59,036 | PDF p. 60 |
| Total comprehensive income/(loss) for the yearSingapore dollars thousands | – | 1,579 | (2,082) | (503) | PDF p. 60 |
| Dividends paid (Note 12)Singapore dollars thousands | – | (823) | – | (823) | PDF p. 60 |
| At 31 December 2025Singapore dollars thousands | 6,606 | 49,564 | 1,540 | 57,710 | PDF p. 60 |
Original report: PDF p. 60 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended December 31, 2024 / Share capital | 2024Group / year ended December 31, 2024 / Retained earnings | 2024Group / year ended December 31, 2024 / Other reserves | 2024Group / year ended December 31, 2024 / Total equity | Source |
|---|---|---|---|---|---|
| Group changes in equity | |||||
| At 1 January 2024Singapore dollars thousands | 6,606 | 47,576 | 2,503 | 56,685 | PDF p. 60 |
| Total comprehensive income for the yearSingapore dollars thousands | – | 2,055 | 1,119 | 3,174 | PDF p. 60 |
| Dividends paid (Note 12)Singapore dollars thousands | – | (823) | – | (823) | PDF p. 60 |
| At 31 December 2024Singapore dollars thousands | 6,606 | 48,808 | 3,622 | 59,036 | PDF p. 60 |
Original report: PDF p. 60 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / year ended December 31, 2025 / Share capital | 2025Company / year ended December 31, 2025 / Retained earnings | 2025Company / year ended December 31, 2025 / Other reserves | 2025Company / year ended December 31, 2025 / Total equity | Source |
|---|---|---|---|---|---|
| Company changes in equity | |||||
| At 1 January 2025Singapore dollars thousands | 6,606 | 35,829 | (890) | 41,545 | PDF p. 60 |
| Total comprehensive income/(loss) for the yearSingapore dollars thousands | – | 265 | (1,994) | (1,729) | PDF p. 60 |
| Dividends paid (Note 12)Singapore dollars thousands | – | (823) | – | (823) | PDF p. 60 |
| At 31 December 2025Singapore dollars thousands | 6,606 | 35,271 | (2,884) | 38,993 | PDF p. 60 |
Original report: PDF p. 60 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company / year ended December 31, 2024 / Share capital | 2024Company / year ended December 31, 2024 / Retained earnings | 2024Company / year ended December 31, 2024 / Other reserves | 2024Company / year ended December 31, 2024 / Total equity | Source |
|---|---|---|---|---|---|
| Company changes in equity | |||||
| At 1 January 2024Singapore dollars thousands | 6,606 | 36,367 | (2,134) | 40,839 | PDF p. 60 |
| Total comprehensive income for the yearSingapore dollars thousands | – | 285 | 1,244 | 1,529 | PDF p. 60 |
| Dividends paid (Note 12)Singapore dollars thousands | – | (823) | – | (823) | PDF p. 60 |
| At 31 December 2024Singapore dollars thousands | 6,606 | 35,829 | (890) | 41,545 | PDF p. 60 |
Original report: PDF p. 60 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|---|---|
| Original financial highlights summary | ||||
| Revenue ($’000)Singapore dollars thousands | 56,752 | 54,723 | 46,217 | PDF p. 7 |
| Gross Profit ($’000)Singapore dollars thousands | 9,448 | 9,823 | 7,713 | PDF p. 7 |
| Gross Margin (%)Percent | 16.6 | 18.0 | 16.7 | PDF p. 7 |
| Profit Before Tax ($’000)Singapore dollars thousands | 1,845 | 2,229 | 662 | PDF p. 7 |
| Net Profit After Tax ($’000)Singapore dollars thousands | 1,579 | 2,055 | 523 | PDF p. 7 |
| Net Margin (%)Percent | 2.8 | 3.8 | 1.1 | PDF p. 7 |
| Earnings Per Share (cents)Singapore cents per share | 0.96 | 1.25 | 0.32 | PDF p. 7 |
| Net Asset Per Share (cents)Singapore cents per share | 35.08 | 35.88 | 34.45 | PDF p. 7 |
| Ordinary SharesShares whole | 164,531,172 | 164,531,172 | 164,531,172 | PDF p. 7 |
Original report: PDF p. 7 ↗
Original highlights supply three years; complete primary statements cover five years. Whole ordinary share counts are distinct from rounded thousands in EPS notes.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|---|---|
| Original financial highlight chart | ||||
| REVENUESingapore dollars thousands | 56,752 | 54,723 | 46,217 | PDF p. 7 |
Original report: PDF p. 7 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|---|---|
| Original financial highlight chart | ||||
| GROSS PROFITSingapore dollars thousands | 9,448 | 9,823 | 7,713 | PDF p. 7 |
Original report: PDF p. 7 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|---|---|
| Original financial highlight chart | ||||
| PROFIT BEFORE TAXSingapore dollars thousands | 1,845 | 2,229 | 662 | PDF p. 7 |
Original report: PDF p. 7 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|---|---|
| Original financial highlight chart | ||||
| NET PROFIT AFTER TAXSingapore dollars thousands | 1,579 | 2,055 | 523 | PDF p. 7 |
Original report: PDF p. 7 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|---|---|
| Original financial highlight chart | ||||
| EARNINGS PER SHARESingapore cents per share | 0.96 | 1.25 | 0.32 | PDF p. 7 |
Original report: PDF p. 7 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|---|---|
| Original financial highlight chart | ||||
| NET ASSET PER SHARESingapore cents per share | 35.08 | 35.88 | 34.45 | PDF p. 7 |
Original report: PDF p. 7 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| Selected original note | |||
| Profit for the year attributable to owners of the CompanySingapore dollars thousands | 1,579 | 2,055 | PDF p. 83 |
| Weighted average number of sharesShares thousands | 164,531 | 164,531 | PDF p. 83 |
Original report: PDF p. 83 ↗
No potential dilutive ordinary shares existed; diluted EPS equals basic. The current note retains a $’000 heading above the denominator, but the denominator is a share count. Its thousand-share scale is corroborated by the share-capital note and the exact 164531172 ordinary shares in the highlights. No monetary unit is assigned to share counts.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company / payment year 2025 | 2024Group and Company / payment year 2024 | Source |
|---|---|---|---|
| Selected original note | |||
| Final tax-exempt (1-tier) dividends paidSingapore dollars thousands | 823 | 823 | PDF p. 84 |
Original report: PDF p. 84 ↗
Original current/prior paid rates in Singapore cents: 0.50 / 0.50. Payment years differ from the fiscal year to which a final dividend relates. The next proposed dividend is not a liability in these statements. FY2025 proposed final dividend is 0.50 cent per share, proposed26February2026, subject to shareholder approval.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / original dated movement row | Source |
|---|---|---|
| Group | ||
| At 1 January 2024Singapore dollars thousands | 5,118 | PDF p. 101 |
| Cash flowsSingapore dollars thousands | (438) | PDF p. 101 |
| Interest expenseSingapore dollars thousands | 136 | PDF p. 101 |
| (#) Non-cash transactionsSingapore dollars thousands | 25 | PDF p. 101 |
| At 31 December 2024Singapore dollars thousands | 4,841 | PDF p. 101 |
| Cash flowsSingapore dollars thousands | (440) | PDF p. 101 |
| Interest expenseSingapore dollars thousands | 128 | PDF p. 101 |
| (#) Non-cash transactionsSingapore dollars thousands | 34 | PDF p. 101 |
| At 31 December 2025Singapore dollars thousands | 4,563 | PDF p. 101 |
Original report: PDF p. 101 ↗
Each opening/intermediate/closing date is retained in the original row label. Cash flows include lease principal and interest; remeasurements are noncash.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|
| Group profit or loss and comprehensive income | ||
| RevenueSingapore dollars thousands | 46,217 | PDF p. 57 |
| Cost of salesSingapore dollars thousands | (38,504) | PDF p. 57 |
| Gross profitSingapore dollars thousands | 7,713 | PDF p. 57 |
| Interest incomeSingapore dollars thousands | 719 | PDF p. 57 |
| Other gainsSingapore dollars thousands | 387 | PDF p. 57 |
| Distribution costsSingapore dollars thousands | (1,971) | PDF p. 57 |
| Administrative expensesSingapore dollars thousands | (6,239) | PDF p. 57 |
| Finance costsSingapore dollars thousands | (142) | PDF p. 57 |
| Other losses and chargesSingapore dollars thousands | (44) | PDF p. 57 |
| Share of results of equity-accounted joint venturesSingapore dollars thousands | 239 | PDF p. 57 |
| Profit before taxSingapore dollars thousands | 662 | PDF p. 57 |
| Income tax expenseSingapore dollars thousands | (139) | PDF p. 57 |
| Profit for the yearSingapore dollars thousands | 523 | PDF p. 57 |
| Other comprehensive income/(loss) Items that may be reclassified subsequently to profit or loss Exchange differences on translation from functional currency to presentation currencySingapore dollars thousands | (670) | PDF p. 57 |
| Share of other comprehensive loss from equity-accounted joint ventures, net of taxSingapore dollars thousands | (109) | PDF p. 57 |
| Other comprehensive income/(loss) for the yearSingapore dollars thousands | (779) | PDF p. 57 |
| Total comprehensive income/(loss) for the yearSingapore dollars thousands | (256) | PDF p. 57 |
| Earnings per share Basic and dilutedSingapore cents per share | 0.32 | PDF p. 57 |
Original report: PDF p. 57 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before taxSingapore dollars thousands | 662 | PDF p. 60 |
| Adjustments for: | ||
| Interest incomeSingapore dollars thousands | (719) | PDF p. 60 |
| Interest expenseSingapore dollars thousands | 142 | PDF p. 60 |
| Interest income from insurance policySingapore dollars thousands | (57) | PDF p. 60 |
| Income from 2019 agreementSingapore dollars thousands | (120) | PDF p. 60 |
| Insurance premium charged to profit or lossSingapore dollars thousands | 9 | PDF p. 60 |
| Dividend incomeSingapore dollars thousands | – | PDF p. 60 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | 1,625 | PDF p. 60 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 337 | PDF p. 60 |
| Government grant income related to asset purchaseSingapore dollars thousands | (57) | PDF p. 60 |
| Share of results of equity-accounted joint ventures, net of taxSingapore dollars thousands | (239) | PDF p. 60 |
| Plant and equipment written-offSingapore dollars thousands | 1 | PDF p. 60 |
| Gain on disposal of plant and equipmentSingapore dollars thousands | (10) | PDF p. 60 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 1,574 | PDF p. 60 |
| InventoriesSingapore dollars thousands | 1,244 | PDF p. 60 |
| Trade and other receivablesSingapore dollars thousands | (121) | PDF p. 60 |
| Other assetsSingapore dollars thousands | (977) | PDF p. 60 |
| Trade and other payablesSingapore dollars thousands | 1,317 | PDF p. 60 |
| Net cash flows from operationsSingapore dollars thousands | 3,037 | PDF p. 60 |
| Net income taxes paidSingapore dollars thousands | (193) | PDF p. 60 |
| Net cash flows generated from operating activitiesSingapore dollars thousands | 2,844 | PDF p. 60 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars thousands | (2,474) | PDF p. 60 |
| Proceeds from disposal of plant and equipmentSingapore dollars thousands | 11 | PDF p. 60 |
| Receipt of government grant related to asset purchaseSingapore dollars thousands | 560 | PDF p. 60 |
| Subscription of convertible promissory notesSingapore dollars thousands | (235) | PDF p. 60 |
| Receipt of income from 2019 agreementSingapore dollars thousands | 120 | PDF p. 60 |
| Interest receivedSingapore dollars thousands | 719 | PDF p. 60 |
| Dividends receivedSingapore dollars thousands | 124 | PDF p. 60 |
| Net cash flows used in investing activitiesSingapore dollars thousands | (1,175) | PDF p. 60 |
| Cash flows from financing activities | ||
| Dividends paidSingapore dollars thousands | (823) | PDF p. 61 |
| Repayment of lease liabilitiesSingapore dollars thousands | (297) | PDF p. 61 |
| Interest paidSingapore dollars thousands | (142) | PDF p. 61 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (1,262) | PDF p. 61 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 407 | PDF p. 61 |
| Cash and cash equivalents at beginning of the yearSingapore dollars thousands | 24,698 | PDF p. 61 |
| Net effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | (58) | PDF p. 61 |
| Cash and cash equivalents at end of the year (Note 23)Singapore dollars thousands | 25,047 | PDF p. 61 |
Original report: PDF p. 60 ↗ PDF p. 61 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 14,581 | PDF p. 58 |
| Right-of-use assetsSingapore dollars thousands | 4,807 | PDF p. 58 |
| GoodwillSingapore dollars thousands | 409 | PDF p. 58 |
| Investments in subsidiariesSingapore dollars thousands | – | PDF p. 58 |
| Investments in joint venturesSingapore dollars thousands | 2,439 | PDF p. 58 |
| Deferred tax assetsSingapore dollars thousands | 52 | PDF p. 58 |
| Other financial assetsSingapore dollars thousands | 6,854 | PDF p. 58 |
| Other receivablesSingapore dollars thousands | 229 | PDF p. 58 |
| Total non-current assetsSingapore dollars thousands | 29,371 | PDF p. 58 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 7,733 | PDF p. 58 |
| Trade and other receivablesSingapore dollars thousands | 5,747 | PDF p. 58 |
| Other assetsSingapore dollars thousands | 1,348 | PDF p. 58 |
| Cash and cash equivalentsSingapore dollars thousands | 25,047 | PDF p. 58 |
| Total current assetsSingapore dollars thousands | 39,875 | PDF p. 58 |
| Total assetsSingapore dollars thousands | 69,246 | PDF p. 58 |
| EQUITY AND LIABILITIES | ||
| Equity attributable to owners of the Company Share capitalSingapore dollars thousands | 6,606 | PDF p. 58 |
| Retained earningsSingapore dollars thousands | 47,576 | PDF p. 58 |
| Other reservesSingapore dollars thousands | 2,503 | PDF p. 58 |
| Total equitySingapore dollars thousands | 56,685 | PDF p. 58 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | 637 | PDF p. 58 |
| Lease liabilitiesSingapore dollars thousands | 4,817 | PDF p. 58 |
| Other non-financial liabilitiesSingapore dollars thousands | 449 | PDF p. 58 |
| Total non-current liabilitiesSingapore dollars thousands | 5,903 | PDF p. 58 |
| Current liabilities | ||
| Income tax payableSingapore dollars thousands | 121 | PDF p. 58 |
| Lease liabilitiesSingapore dollars thousands | 301 | PDF p. 58 |
| Trade and other payablesSingapore dollars thousands | 6,180 | PDF p. 58 |
| Other non-financial liabilitiesSingapore dollars thousands | 56 | PDF p. 58 |
| Total current liabilitiesSingapore dollars thousands | 6,658 | PDF p. 58 |
| Total liabilitiesSingapore dollars thousands | 12,561 | PDF p. 58 |
| Total equity and liabilitiesSingapore dollars thousands | 69,246 | PDF p. 58 |
Original report: PDF p. 58 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / year ended December 31, 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 370 | PDF p. 58 |
| Right-of-use assetsSingapore dollars thousands | 1,139 | PDF p. 58 |
| GoodwillSingapore dollars thousands | – | PDF p. 58 |
| Investments in subsidiariesSingapore dollars thousands | 17,404 | PDF p. 58 |
| Investments in joint venturesSingapore dollars thousands | 502 | PDF p. 58 |
| Deferred tax assetsSingapore dollars thousands | – | PDF p. 58 |
| Other financial assetsSingapore dollars thousands | 6,527 | PDF p. 58 |
| Other receivablesSingapore dollars thousands | 600 | PDF p. 58 |
| Total non-current assetsSingapore dollars thousands | 26,542 | PDF p. 58 |
| Current assets | ||
| InventoriesSingapore dollars thousands | – | PDF p. 58 |
| Trade and other receivablesSingapore dollars thousands | 13,948 | PDF p. 58 |
| Other assetsSingapore dollars thousands | 10 | PDF p. 58 |
| Cash and cash equivalentsSingapore dollars thousands | 3,850 | PDF p. 58 |
| Total current assetsSingapore dollars thousands | 17,808 | PDF p. 58 |
| Total assetsSingapore dollars thousands | 44,350 | PDF p. 58 |
| EQUITY AND LIABILITIES | ||
| Equity attributable to owners of the Company Share capitalSingapore dollars thousands | 6,606 | PDF p. 58 |
| Retained earningsSingapore dollars thousands | 36,367 | PDF p. 58 |
| Other reservesSingapore dollars thousands | (2,134) | PDF p. 58 |
| Total equitySingapore dollars thousands | 40,839 | PDF p. 58 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | – | PDF p. 58 |
| Lease liabilitiesSingapore dollars thousands | 1,196 | PDF p. 58 |
| Other non-financial liabilitiesSingapore dollars thousands | – | PDF p. 58 |
| Total non-current liabilitiesSingapore dollars thousands | 1,196 | PDF p. 58 |
| Current liabilities | ||
| Income tax payableSingapore dollars thousands | – | PDF p. 58 |
| Lease liabilitiesSingapore dollars thousands | 58 | PDF p. 58 |
| Trade and other payablesSingapore dollars thousands | 2,257 | PDF p. 58 |
| Other non-financial liabilitiesSingapore dollars thousands | – | PDF p. 58 |
| Total current liabilitiesSingapore dollars thousands | 2,315 | PDF p. 58 |
| Total liabilitiesSingapore dollars thousands | 3,511 | PDF p. 58 |
| Total equity and liabilitiesSingapore dollars thousands | 44,350 | PDF p. 58 |
Original report: PDF p. 58 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended December 31, 2023 / Share capital | 2023Group / year ended December 31, 2023 / Retained earnings | 2023Group / year ended December 31, 2023 / Other reserves | 2023Group / year ended December 31, 2023 / Total equity | Source |
|---|---|---|---|---|---|
| Group changes in equity | |||||
| At 1 January 2023Singapore dollars thousands | 6,606 | 47,876 | 3,282 | 57,764 | PDF p. 59 |
| Total comprehensive income/(loss) for the yearSingapore dollars thousands | – | 523 | (779) | (256) | PDF p. 59 |
| Dividends paid (Note 12)Singapore dollars thousands | – | (823) | – | (823) | PDF p. 59 |
| At 31 December 2023Singapore dollars thousands | 6,606 | 47,576 | 2,503 | 56,685 | PDF p. 59 |
Original report: PDF p. 59 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / year ended December 31, 2023 / Share capital | 2023Company / year ended December 31, 2023 / Retained earnings | 2023Company / year ended December 31, 2023 / Other reserves | 2023Company / year ended December 31, 2023 / Total equity | Source |
|---|---|---|---|---|---|
| Company changes in equity | |||||
| At 1 January 2023Singapore dollars thousands | 6,606 | 36,718 | (1,493) | 41,831 | PDF p. 59 |
| Total comprehensive income/(loss) for the yearSingapore dollars thousands | – | 472 | (641) | (169) | PDF p. 59 |
| Dividends paid (Note 12)Singapore dollars thousands | – | (823) | – | (823) | PDF p. 59 |
| At 31 December 2023Singapore dollars thousands | 6,606 | 36,367 | (2,134) | 40,839 | PDF p. 59 |
Original report: PDF p. 59 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group and Company / payment year 2023 | Source |
|---|---|---|
| Selected original note | ||
| Final tax-exempt (1-tier) dividends paidSingapore dollars thousands | 823 | PDF p. 84 |
Original report: PDF p. 84 ↗
Original current/prior paid rates in Singapore cents: 0.50 / 0.50. Payment years differ from the fiscal year to which a final dividend relates. The next proposed dividend is not a liability in these statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended December 31, 2022 | Source |
|---|---|---|
| Group profit or loss and comprehensive income | ||
| RevenueSingapore dollars thousands | 61,111 | PDF p. 59 |
| Cost of salesSingapore dollars thousands | (52,352) | PDF p. 59 |
| Gross profitSingapore dollars thousands | 8,759 | PDF p. 59 |
| Interest incomeSingapore dollars thousands | 239 | PDF p. 59 |
| Other gainsSingapore dollars thousands | 454 | PDF p. 59 |
| Distribution costsSingapore dollars thousands | (1,738) | PDF p. 59 |
| Administrative expensesSingapore dollars thousands | (6,141) | PDF p. 59 |
| Finance costsSingapore dollars thousands | (171) | PDF p. 59 |
| Other lossesSingapore dollars thousands | (351) | PDF p. 59 |
| Share of results of equity-accounted joint venturesSingapore dollars thousands | 187 | PDF p. 59 |
| Profit before taxSingapore dollars thousands | 1,238 | PDF p. 59 |
| Income tax expenseSingapore dollars thousands | (140) | PDF p. 59 |
| Profit for the yearSingapore dollars thousands | 1,098 | PDF p. 59 |
| Other comprehensive loss Items that may be reclassified subsequently to profit or loss Exchange differences on translation from functional currency to presentation currencySingapore dollars thousands | (678) | PDF p. 59 |
| Share of other comprehensive loss from equity-accounted joint ventures, net of taxSingapore dollars thousands | (139) | PDF p. 59 |
| Other comprehensive loss for the yearSingapore dollars thousands | (817) | PDF p. 59 |
| Total comprehensive (loss)/income for the yearSingapore dollars thousands | 281 | PDF p. 59 |
| Earnings per share Basic and dilutedSingapore cents per share | 0.67 | PDF p. 59 |
Original report: PDF p. 59 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended December 31, 2022 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before taxSingapore dollars thousands | 1,238 | PDF p. 62 |
| Adjustments for: | ||
| Interest incomeSingapore dollars thousands | (239) | PDF p. 62 |
| Interest expenseSingapore dollars thousands | 171 | PDF p. 62 |
| Interest income from insurance policySingapore dollars thousands | (39) | PDF p. 62 |
| Income from 2019 agreement (Note 6)Singapore dollars thousands | – | PDF p. 62 |
| Insurance premium charged to profit or lossSingapore dollars thousands | 8 | PDF p. 62 |
| Dividend incomeSingapore dollars thousands | (59) | PDF p. 62 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | 1,363 | PDF p. 62 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 450 | PDF p. 62 |
| Government grant income related to asset purchaseSingapore dollars thousands | – | PDF p. 62 |
| Share of results of equity-accounted joint ventures, net of taxSingapore dollars thousands | (187) | PDF p. 62 |
| Plant and equipment written-offSingapore dollars thousands | 1 | PDF p. 62 |
| Gain on disposal of plant and equipmentSingapore dollars thousands | (16) | PDF p. 62 |
| Fair value loss on other financial assetsSingapore dollars thousands | 344 | PDF p. 62 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 3,035 | PDF p. 62 |
| InventoriesSingapore dollars thousands | (642) | PDF p. 62 |
| Trade and other receivablesSingapore dollars thousands | 265 | PDF p. 62 |
| Other assetsSingapore dollars thousands | (16) | PDF p. 62 |
| Trade and other payablesSingapore dollars thousands | (277) | PDF p. 62 |
| Net cash flows from operationsSingapore dollars thousands | 2,365 | PDF p. 62 |
| Net income taxes paidSingapore dollars thousands | (204) | PDF p. 62 |
| Net cash flows from operating activitiesSingapore dollars thousands | 2,161 | PDF p. 62 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars thousands | (446) | PDF p. 62 |
| Deposit paid for purchase of property, plant and equipmentSingapore dollars thousands | (1,846) | PDF p. 62 |
| Proceeds from disposal of plant and equipmentSingapore dollars thousands | 23 | PDF p. 62 |
| Receipt of government grant related to asset purchaseSingapore dollars thousands | – | PDF p. 62 |
| Investment in other financial assetsSingapore dollars thousands | (688) | PDF p. 62 |
| Subscription of convertible promissory noteSingapore dollars thousands | – | PDF p. 62 |
| Receipt of income/refund of prepayment for purchase of land from 2019 agreement (Note 6)Singapore dollars thousands | 139 | PDF p. 62 |
| Interest receivedSingapore dollars thousands | 239 | PDF p. 62 |
| Dividends receivedSingapore dollars thousands | 164 | PDF p. 62 |
| Net cash flows used in investing activitiesSingapore dollars thousands | (2,415) | PDF p. 62 |
| Cash flows from financing activities | ||
| Dividends paidSingapore dollars thousands | (1,645) | PDF p. 63 |
| Repayment of bank borrowingsSingapore dollars thousands | (5,324) | PDF p. 63 |
| Repayment of lease liabilitiesSingapore dollars thousands | (424) | PDF p. 63 |
| Interest paidSingapore dollars thousands | (171) | PDF p. 63 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (7,564) | PDF p. 63 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands | (7,818) | PDF p. 63 |
| Cash and cash equivalents at beginning of the yearSingapore dollars thousands | 32,775 | PDF p. 63 |
| Net effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | (259) | PDF p. 63 |
| Cash and cash equivalents at end of the year (Note 23)Singapore dollars thousands | 24,698 | PDF p. 63 |
Original report: PDF p. 62 ↗ PDF p. 63 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended December 31, 2022 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 11,685 | PDF p. 60 |
| Right-of-use assetsSingapore dollars thousands | 4,806 | PDF p. 60 |
| GoodwillSingapore dollars thousands | 409 | PDF p. 60 |
| Investments in subsidiariesSingapore dollars thousands | – | PDF p. 60 |
| Investments in joint venturesSingapore dollars thousands | 2,432 | PDF p. 60 |
| Deferred tax assetsSingapore dollars thousands | 50 | PDF p. 60 |
| Other financial assetsSingapore dollars thousands | 6,912 | PDF p. 60 |
| Other receivablesSingapore dollars thousands | – | PDF p. 60 |
| Total non-current assetsSingapore dollars thousands | 26,294 | PDF p. 60 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 9,117 | PDF p. 60 |
| Trade and other receivablesSingapore dollars thousands | 5,714 | PDF p. 60 |
| Other assetsSingapore dollars thousands | 2,749 | PDF p. 60 |
| Cash and cash equivalentsSingapore dollars thousands | 24,698 | PDF p. 60 |
| Total current assetsSingapore dollars thousands | 42,278 | PDF p. 60 |
| Total assetsSingapore dollars thousands | 68,572 | PDF p. 60 |
| EQUITY AND LIABILITIES | ||
| Equity attributable to owners of the Company Share capitalSingapore dollars thousands | 6,606 | PDF p. 60 |
| Retained earningsSingapore dollars thousands | 47,876 | PDF p. 60 |
| Other reservesSingapore dollars thousands | 3,282 | PDF p. 60 |
| Total equitySingapore dollars thousands | 57,764 | PDF p. 60 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | 640 | PDF p. 60 |
| Lease liabilitiesSingapore dollars thousands | 4,776 | PDF p. 60 |
| Other non-financial liabilitiesSingapore dollars thousands | – | PDF p. 60 |
| Total non-current liabilitiesSingapore dollars thousands | 5,416 | PDF p. 60 |
| Current liabilities | ||
| Income tax payableSingapore dollars thousands | 171 | PDF p. 60 |
| Lease liabilitiesSingapore dollars thousands | 283 | PDF p. 60 |
| Trade and other payablesSingapore dollars thousands | 4,938 | PDF p. 60 |
| Other non-financial liabilitiesSingapore dollars thousands | – | PDF p. 60 |
| Total current liabilitiesSingapore dollars thousands | 5,392 | PDF p. 60 |
| Total liabilitiesSingapore dollars thousands | 10,808 | PDF p. 60 |
| Total equity and liabilitiesSingapore dollars thousands | 68,572 | PDF p. 60 |
Original report: PDF p. 60 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / year ended December 31, 2022 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 442 | PDF p. 60 |
| Right-of-use assetsSingapore dollars thousands | 1,185 | PDF p. 60 |
| GoodwillSingapore dollars thousands | – | PDF p. 60 |
| Investments in subsidiariesSingapore dollars thousands | 17,256 | PDF p. 60 |
| Investments in joint venturesSingapore dollars thousands | 510 | PDF p. 60 |
| Deferred tax assetsSingapore dollars thousands | – | PDF p. 60 |
| Other financial assetsSingapore dollars thousands | 6,580 | PDF p. 60 |
| Other receivablesSingapore dollars thousands | – | PDF p. 60 |
| Total non-current assetsSingapore dollars thousands | 25,973 | PDF p. 60 |
| Current assets | ||
| InventoriesSingapore dollars thousands | – | PDF p. 60 |
| Trade and other receivablesSingapore dollars thousands | 12,975 | PDF p. 60 |
| Other assetsSingapore dollars thousands | 13 | PDF p. 60 |
| Cash and cash equivalentsSingapore dollars thousands | 6,454 | PDF p. 60 |
| Total current assetsSingapore dollars thousands | 19,442 | PDF p. 60 |
| Total assetsSingapore dollars thousands | 45,415 | PDF p. 60 |
| EQUITY AND LIABILITIES | ||
| Equity attributable to owners of the Company Share capitalSingapore dollars thousands | 6,606 | PDF p. 60 |
| Retained earningsSingapore dollars thousands | 36,718 | PDF p. 60 |
| Other reservesSingapore dollars thousands | (1,493) | PDF p. 60 |
| Total equitySingapore dollars thousands | 41,831 | PDF p. 60 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | – | PDF p. 60 |
| Lease liabilitiesSingapore dollars thousands | 1,218 | PDF p. 60 |
| Other non-financial liabilitiesSingapore dollars thousands | – | PDF p. 60 |
| Total non-current liabilitiesSingapore dollars thousands | 1,218 | PDF p. 60 |
| Current liabilities | ||
| Income tax payableSingapore dollars thousands | – | PDF p. 60 |
| Lease liabilitiesSingapore dollars thousands | 54 | PDF p. 60 |
| Trade and other payablesSingapore dollars thousands | 2,312 | PDF p. 60 |
| Other non-financial liabilitiesSingapore dollars thousands | – | PDF p. 60 |
| Total current liabilitiesSingapore dollars thousands | 2,366 | PDF p. 60 |
| Total liabilitiesSingapore dollars thousands | 3,584 | PDF p. 60 |
| Total equity and liabilitiesSingapore dollars thousands | 45,415 | PDF p. 60 |
Original report: PDF p. 60 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended December 31, 2022 / Share capital | 2022Group / year ended December 31, 2022 / Retained earnings | 2022Group / year ended December 31, 2022 / Other reserves | 2022Group / year ended December 31, 2022 / Total equity | Source |
|---|---|---|---|---|---|
| Group changes in equity | |||||
| At 1 January 2022Singapore dollars thousands | 6,606 | 48,423 | 4,099 | 59,128 | PDF p. 61 |
| Changes in equity Total comprehensive income/(loss) for the yearSingapore dollars thousands | – | 1,098 | (817) | 281 | PDF p. 61 |
| Dividends paid (Note 12)Singapore dollars thousands | – | (1,645) | – | (1,645) | PDF p. 61 |
| At 31 December 2022Singapore dollars thousands | 6,606 | 47,876 | 3,282 | 57,764 | PDF p. 61 |
Original report: PDF p. 61 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / year ended December 31, 2022 / Share capital | 2022Company / year ended December 31, 2022 / Retained earnings | 2022Company / year ended December 31, 2022 / Other reserves | 2022Company / year ended December 31, 2022 / Total equity | Source |
|---|---|---|---|---|---|
| Company changes in equity | |||||
| At 1 January 2022Singapore dollars thousands | 6,606 | 35,812 | (1,025) | 41,393 | PDF p. 61 |
| Changes in equity Total comprehensive income/(loss) for the yearSingapore dollars thousands | – | 2,551 | (468) | 2,083 | PDF p. 61 |
| Dividends paid (Note 12)Singapore dollars thousands | – | (1,645) | – | (1,645) | PDF p. 61 |
| At 31 December 2022Singapore dollars thousands | 6,606 | 36,718 | (1,493) | 41,831 | PDF p. 61 |
Original report: PDF p. 61 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / payment year 2022 | Source |
|---|---|---|
| Selected original note | ||
| Final tax-exempt (1-tier) dividends paidSingapore dollars thousands | 1,645 | PDF p. 87 |
Original report: PDF p. 87 ↗
Original current/prior paid rates in Singapore cents: 0.50 / 1.00. Payment years differ from the fiscal year to which a final dividend relates. The next proposed dividend is not a liability in these statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended December 31, 2021 | Source |
|---|---|---|
| Group profit or loss and comprehensive income | ||
| RevenueSingapore dollars thousands | 55,614 | PDF p. 57 |
| Cost of salesSingapore dollars thousands | (45,658) | PDF p. 57 |
| Gross profitSingapore dollars thousands | 9,956 | PDF p. 57 |
| Interest incomeSingapore dollars thousands | 115 | PDF p. 57 |
| Other gainsSingapore dollars thousands | 1,463 | PDF p. 57 |
| Distribution costsSingapore dollars thousands | (1,824) | PDF p. 57 |
| Administrative expensesSingapore dollars thousands | (6,498) | PDF p. 57 |
| Finance costsSingapore dollars thousands | (231) | PDF p. 57 |
| Other lossesSingapore dollars thousands | (77) | PDF p. 57 |
| Share of results of equity-accounted joint venturesSingapore dollars thousands | 71 | PDF p. 57 |
| Profit before taxSingapore dollars thousands | 2,975 | PDF p. 57 |
| Income tax expenseSingapore dollars thousands | (234) | PDF p. 57 |
| Profit for the yearSingapore dollars thousands | 2,741 | PDF p. 57 |
| Other comprehensive (loss)/income Items that may be reclassified subsequently to profit or loss Exchange differences on translation from functional currency to presentation currencySingapore dollars thousands | 875 | PDF p. 57 |
| Share of other comprehensive loss from equity-accounted joint ventures, net of taxSingapore dollars thousands | (15) | PDF p. 57 |
| Other comprehensive (loss)/income for the yearSingapore dollars thousands | 860 | PDF p. 57 |
| Total comprehensive income for the yearSingapore dollars thousands | 3,601 | PDF p. 57 |
| Earnings per share Basic and dilutedSingapore cents per share | 1.67 | PDF p. 57 |
Original report: PDF p. 57 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended December 31, 2021 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before taxSingapore dollars thousands | 2,975 | PDF p. 60 |
| Adjustments for: | ||
| Interest incomeSingapore dollars thousands | (115) | PDF p. 60 |
| Interest expenseSingapore dollars thousands | 231 | PDF p. 60 |
| Interest income from insurance policySingapore dollars thousands | (37) | PDF p. 60 |
| Insurance premium charged to profit or lossSingapore dollars thousands | 8 | PDF p. 60 |
| Dividend incomeSingapore dollars thousands | – | PDF p. 60 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | 1,334 | PDF p. 60 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 411 | PDF p. 60 |
| Share of results of equity-accounted joint ventures, net of taxSingapore dollars thousands | (71) | PDF p. 60 |
| Plant and equipment written-offSingapore dollars thousands | – | PDF p. 60 |
| Gain on disposal of plant and equipmentSingapore dollars thousands | (95) | PDF p. 60 |
| Fair value loss/(gain) on other financial assetsSingapore dollars thousands | (750) | PDF p. 60 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 3,891 | PDF p. 60 |
| InventoriesSingapore dollars thousands | (165) | PDF p. 60 |
| Trade and other receivablesSingapore dollars thousands | (970) | PDF p. 60 |
| Other assetsSingapore dollars thousands | (390) | PDF p. 60 |
| Trade and other payablesSingapore dollars thousands | (2,264) | PDF p. 60 |
| Net cash flows from operationsSingapore dollars thousands | 102 | PDF p. 60 |
| Net income taxes paidSingapore dollars thousands | (238) | PDF p. 60 |
| Net cash flows from/(used in) operating activitiesSingapore dollars thousands | (136) | PDF p. 60 |
| Cash flows from investing activities | ||
| Purchase of plant and equipmentSingapore dollars thousands | (1,314) | PDF p. 60 |
| Deposit paid for purchase of property, plant and equipmentSingapore dollars thousands | – | PDF p. 60 |
| Proceeds from disposal of plant and equipmentSingapore dollars thousands | 104 | PDF p. 60 |
| Investment in other financial assetsSingapore dollars thousands | – | PDF p. 60 |
| Refund of prepayment for purchase of landSingapore dollars thousands | 60 | PDF p. 60 |
| Interest receivedSingapore dollars thousands | 115 | PDF p. 60 |
| Dividends receivedSingapore dollars thousands | 150 | PDF p. 60 |
| Net cash flows used in investing activitiesSingapore dollars thousands | (885) | PDF p. 60 |
| Cash flows from financing activities | ||
| Dividends paidSingapore dollars thousands | (823) | PDF p. 60 |
| Repayment of bank borrowingsSingapore dollars thousands | (875) | PDF p. 60 |
| Repayment of lease liabilitiesSingapore dollars thousands | (358) | PDF p. 60 |
| Interest paidSingapore dollars thousands | (231) | PDF p. 60 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (2,287) | PDF p. 60 |
| Net decrease in cash and cash equivalentsSingapore dollars thousands | (3,308) | PDF p. 60 |
| Cash and cash equivalents at beginning of the yearSingapore dollars thousands | 35,735 | PDF p. 60 |
| Net effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | 348 | PDF p. 60 |
| Cash and cash equivalents at end of the year (note 22)Singapore dollars thousands | 32,775 | PDF p. 60 |
Original report: PDF p. 60 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended December 31, 2021 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 12,775 | PDF p. 58 |
| Right-of-use assetsSingapore dollars thousands | 5,300 | PDF p. 58 |
| GoodwillSingapore dollars thousands | 409 | PDF p. 58 |
| Investments in subsidiariesSingapore dollars thousands | – | PDF p. 58 |
| Investments in joint venturesSingapore dollars thousands | 2,509 | PDF p. 58 |
| Deferred tax assetsSingapore dollars thousands | 36 | PDF p. 58 |
| Other financial assetsSingapore dollars thousands | 6,619 | PDF p. 58 |
| Other assetsSingapore dollars thousands | 140 | PDF p. 58 |
| Total non-current assetsSingapore dollars thousands | 27,788 | PDF p. 58 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 8,567 | PDF p. 58 |
| Trade and other receivablesSingapore dollars thousands | 6,046 | PDF p. 58 |
| Other assetsSingapore dollars thousands | 887 | PDF p. 58 |
| Cash and cash equivalentsSingapore dollars thousands | 32,775 | PDF p. 58 |
| Total current assetsSingapore dollars thousands | 48,275 | PDF p. 58 |
| Total assetsSingapore dollars thousands | 76,063 | PDF p. 58 |
| EQUITY AND LIABILITIES | ||
| Equity attributable to owners of the Company Share capitalSingapore dollars thousands | 6,606 | PDF p. 58 |
| Retained earningsSingapore dollars thousands | 48,423 | PDF p. 58 |
| Other reservesSingapore dollars thousands | 4,099 | PDF p. 58 |
| Total equitySingapore dollars thousands | 59,128 | PDF p. 58 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | 646 | PDF p. 58 |
| Loans and borrowingsSingapore dollars thousands | 4,210 | PDF p. 58 |
| Lease liabilitiesSingapore dollars thousands | 5,077 | PDF p. 58 |
| Total non-current liabilitiesSingapore dollars thousands | 9,933 | PDF p. 58 |
| Current liabilities | ||
| Income tax payableSingapore dollars thousands | 237 | PDF p. 58 |
| Loans and borrowingsSingapore dollars thousands | 1,114 | PDF p. 58 |
| Lease liabilitiesSingapore dollars thousands | 410 | PDF p. 58 |
| Trade and other payablesSingapore dollars thousands | 5,241 | PDF p. 58 |
| Total current liabilitiesSingapore dollars thousands | 7,002 | PDF p. 58 |
| Total liabilitiesSingapore dollars thousands | 16,935 | PDF p. 58 |
| Total equity and liabilitiesSingapore dollars thousands | 76,063 | PDF p. 58 |
Original report: PDF p. 58 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company / year ended December 31, 2021 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 515 | PDF p. 58 |
| Right-of-use assetsSingapore dollars thousands | 1,263 | PDF p. 58 |
| GoodwillSingapore dollars thousands | – | PDF p. 58 |
| Investments in subsidiariesSingapore dollars thousands | 17,736 | PDF p. 58 |
| Investments in joint venturesSingapore dollars thousands | 516 | PDF p. 58 |
| Deferred tax assetsSingapore dollars thousands | – | PDF p. 58 |
| Other financial assetsSingapore dollars thousands | 6,619 | PDF p. 58 |
| Other assetsSingapore dollars thousands | – | PDF p. 58 |
| Total non-current assetsSingapore dollars thousands | 26,649 | PDF p. 58 |
| Current assets | ||
| InventoriesSingapore dollars thousands | – | PDF p. 58 |
| Trade and other receivablesSingapore dollars thousands | 13,929 | PDF p. 58 |
| Other assetsSingapore dollars thousands | 19 | PDF p. 58 |
| Cash and cash equivalentsSingapore dollars thousands | 4,420 | PDF p. 58 |
| Total current assetsSingapore dollars thousands | 18,368 | PDF p. 58 |
| Total assetsSingapore dollars thousands | 45,017 | PDF p. 58 |
| EQUITY AND LIABILITIES | ||
| Equity attributable to owners of the Company Share capitalSingapore dollars thousands | 6,606 | PDF p. 58 |
| Retained earningsSingapore dollars thousands | 35,812 | PDF p. 58 |
| Other reservesSingapore dollars thousands | (1,025) | PDF p. 58 |
| Total equitySingapore dollars thousands | 41,393 | PDF p. 58 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | – | PDF p. 58 |
| Loans and borrowingsSingapore dollars thousands | – | PDF p. 58 |
| Lease liabilitiesSingapore dollars thousands | 1,272 | PDF p. 58 |
| Total non-current liabilitiesSingapore dollars thousands | 1,272 | PDF p. 58 |
| Current liabilities | ||
| Income tax payableSingapore dollars thousands | – | PDF p. 58 |
| Loans and borrowingsSingapore dollars thousands | – | PDF p. 58 |
| Lease liabilitiesSingapore dollars thousands | 53 | PDF p. 58 |
| Trade and other payablesSingapore dollars thousands | 2,299 | PDF p. 58 |
| Total current liabilitiesSingapore dollars thousands | 2,352 | PDF p. 58 |
| Total liabilitiesSingapore dollars thousands | 3,624 | PDF p. 58 |
| Total equity and liabilitiesSingapore dollars thousands | 45,017 | PDF p. 58 |
Original report: PDF p. 58 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended December 31, 2021 / Share capital | 2021Group / year ended December 31, 2021 / Retained earnings | 2021Group / year ended December 31, 2021 / Other reserves | 2021Group / year ended December 31, 2021 / Total equity | Source |
|---|---|---|---|---|---|
| Group changes in equity | |||||
| At 1 January 2021Singapore dollars thousands | 6,606 | 46,505 | 3,239 | 56,350 | PDF p. 59 |
| Changes in equity Total comprehensive income for the yearSingapore dollars thousands | – | 2,741 | 860 | 3,601 | PDF p. 59 |
| Dividends paid (note 12)Singapore dollars thousands | – | (823) | – | (823) | PDF p. 59 |
| At 31 December 2021Singapore dollars thousands | 6,606 | 48,423 | 4,099 | 59,128 | PDF p. 59 |
Original report: PDF p. 59 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company / year ended December 31, 2021 / Share capital | 2021Company / year ended December 31, 2021 / Retained earnings | 2021Company / year ended December 31, 2021 / Other reserves | 2021Company / year ended December 31, 2021 / Total equity | Source |
|---|---|---|---|---|---|
| Company changes in equity | |||||
| At 1 January 2021Singapore dollars thousands | 6,606 | 34,185 | (1,767) | 39,024 | PDF p. 59 |
| Changes in equity Total comprehensive income for the yearSingapore dollars thousands | – | 2,450 | 742 | 3,192 | PDF p. 59 |
| Dividends paid (note 12)Singapore dollars thousands | – | (823) | – | (823) | PDF p. 59 |
| At 31 December 2021Singapore dollars thousands | 6,606 | 35,812 | (1,025) | 41,393 | PDF p. 59 |
Original report: PDF p. 59 ↗
Statements are in Singapore dollars thousands; EPS is in Singapore cents per share. All years end on 31 December. Group and Company scopes remain distinct.
Five years 2021–2025 are provided using the FY2025 original and original comparative columns from FY2024, FY2023 and FY2022. Parent Company financial position and changes in equity are disclosed; no separate Company income or cash flow statements are printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company / payment year 2021 | Source |
|---|---|---|
| Selected original note | ||
| Final tax-exempt (1-tier) dividends paidSingapore dollars thousands | 823 | PDF p. 85 |
Original report: PDF p. 85 ↗
Original current/prior paid rates in Singapore cents: 1.00 / 0.50. Payment years differ from the fiscal year to which a final dividend relates. The next proposed dividend is not a liability in these statements.
Where the money comes from
| Item / unit | 2025Manufacturing | 2025Trading | 2025Unallocated | 2025Total | 2024Manufacturing | 2024Trading | 2024Unallocated | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Revenue by segment$’000 | 36,917 | 21,883 | – | 58,800 | 39,174 | 17,604 | – | 56,778 | PDF p. 76 |
| Inter-segment sales$’000 | (818) | (1,230) | – | (2,048) | (732) | (1,323) | – | (2,055) | PDF p. 76 |
| Total revenue$’000 | 36,099 | 20,653 | – | 56,752 | 38,442 | 16,281 | – | 54,723 | PDF p. 76 |
| Gross profit$’000 | 7,569 | 1,879 | – | 9,448 | 7,999 | 1,824 | – | 9,823 | PDF p. 76 |
Blank cells are not printed in source. Interest income to joint-venture rows appear only in Unallocated and Total columns.
Blank cells are not printed in source.
| Item / unit | 2025Manufacturing | 2025Trading | 2025Unallocated | 2025Total | 2024Manufacturing | 2024Trading | 2024Unallocated | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Total assets for reportable segments$’000 | 19,828 | 5,514 | – | 25,342 | 22,838 | 4,337 | – | 27,175 | PDF p. 77 |
| Unallocated | |||||||||
| – Deferred tax assets$’000 | – | – | 45 | 45 | – | – | 45 | 45 | PDF p. 77 |
| – Cash and cash equivalents$’000 | – | – | 26,995 | 26,995 | – | – | 26,205 | 26,205 | PDF p. 77 |
| – Investments in joint ventures$’000 | – | – | 2,551 | 2,551 | – | – | 2,500 | 2,500 | PDF p. 77 |
| – Right-of-use assets$’000 | – | – | 4,165 | 4,165 | – | – | 4,524 | 4,524 | PDF p. 77 |
| – Other unallocated amounts$’000 | – | – | 9,590 | 9,590 | – | – | 9,993 | 9,993 | PDF p. 77 |
| Total assets$’000 | 19,828 | 5,514 | 43,346 | 68,688 | 22,838 | 4,337 | 43,267 | 70,442 | PDF p. 77 |
| Item / unit | 2025Manufacturing | 2025Trading | 2025Unallocated | 2025Total | 2024Manufacturing | 2024Trading | 2024Unallocated | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Total liabilities for reportable segments$’000 | 2,808 | 1,199 | – | 4,007 | 2,986 | 1,148 | – | 4,134 | PDF p. 77 |
| Unallocated | |||||||||
| – Deferred and current tax liabilities$’000 | – | – | 938 | 938 | – | – | 828 | 828 | PDF p. 77 |
| – Lease liabilities$’000 | – | – | 4,563 | 4,563 | – | – | 4,841 | 4,841 | PDF p. 77 |
| – Other unallocated amounts$’000 | – | – | 1,470 | 1,470 | – | – | 1,603 | 1,603 | PDF p. 77 |
| Total liabilities$’000 | 2,808 | 1,199 | 6,971 | 10,978 | 2,986 | 1,148 | 7,272 | 11,406 | PDF p. 77 |
| Item / unit | 2025Manufacturing | 2025Trading | 2025Unallocated | 2025Total | Source |
|---|---|---|---|---|---|
| Depreciation | |||||
| Depreciation 2025$’000 | 817 | 63 | 1,049 | 1,929 | PDF p. 78 |
| Capital expenditure | |||||
| Capital expenditure 2025$’000 | 328 | – | 231 | 559 | PDF p. 78 |
Row labels are the section headings Depreciation and Capital expenditure; the printed row label is the year.
| Item / unit | 2024Manufacturing | 2024Trading | 2024Unallocated | 2024Total | Source |
|---|---|---|---|---|---|
| Depreciation | |||||
| Depreciation 2024$’000 | 802 | 64 | 1,065 | 1,931 | PDF p. 78 |
| Capital expenditure | |||||
| Capital expenditure 2024$’000 | 812 | – | 416 | 1,228 | PDF p. 78 |
Row labels are the section headings Depreciation and Capital expenditure; the printed row label is the year.
| Item / unit | 2025Revenue | 2024Revenue | 2025Non-current assets | 2024Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical | |||||
| Singapore$’000 | 33,349 | 34,409 | 16,787 | 18,619 | PDF p. 78 |
| Southeast Asia (excluding Singapore)$’000 | 9,008 | 7,061 | 1,968 | 1,952 | PDF p. 78 |
| Middle East$’000 | 6,807 | 5,321 | – | – | PDF p. 78 |
| East Asia$’000 | 3,625 | 4,377 | 1,361 | 1,389 | PDF p. 78 |
| Indian Subcontinent$’000 | 3,178 | 2,013 | – | – | PDF p. 78 |
| Other region$’000 | 785 | 1,542 | – | – | PDF p. 78 |
| Total$’000 | 56,752 | 54,723 | 20,116 | 21,960 | PDF p. 78 |
The total row has no printed label.
Revenue is attributed to the geographical areas where they are derived by the Group. The non-current assets are analysed by the geographical areas in which the assets are located. The non-current assets exclude deferred tax assets, other financial assets and convertible promissory notes.
4G: One customer contributed more than 10% of the Group’s revenue (2024: one customer). Total sales to this customer for reporting year ended 31 December 2025 was approximately $12,665,000 (2024: $13,092,000).
Debt
| Item / unit | 2025less than one year | 2025one to five years | 2025over five years | 2025total | Source |
|---|---|---|---|---|---|
| Group 2025 | |||||
| Gross lease liabilities$'000 | 440 | 1,744 | 3,397 | 5,581 | PDF p. 107 |
Contractual undiscounted cash flows; differ from statement of financial position amounts.
| Item / unit | 2024less than one year | 2024one to five years | 2024over five years | 2024total | Source |
|---|---|---|---|---|---|
| Group 2024 | |||||
| Gross lease liabilities$'000 | 438 | 1,910 | 3,620 | 5,968 | PDF p. 107 |
Contractual undiscounted cash flows.
| Item / unit | 2025less than one year | 2025one to five years | 2025over five years | 2025total | Source |
|---|---|---|---|---|---|
| Company 2025 | |||||
| Gross lease liabilities$'000 | 90 | 361 | 933 | 1,384 | PDF p. 107 |
Contractual undiscounted cash flows.
| Item / unit | 2024less than one year | 2024one to five years | 2024over five years | 2024total | Source |
|---|---|---|---|---|---|
| Company 2024 | |||||
| Gross lease liabilities$'000 | 90 | 361 | 1,024 | 1,475 | PDF p. 107 |
Contractual undiscounted cash flows.
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Lease liabilities | |||||
| Non-current$'000 | 4,251 | 4,530 | 1,076 | 1,137 | PDF p. 103 |
| Current$'000 | 312 | 311 | 61 | 59 | PDF p. 103 |
| Total lease liabilities (unlabelled total row)$'000 | 4,563 | 4,841 | 1,137 | 1,196 | PDF p. 103 |
There are no external borrowings (Note 24, p.102). The carrying amount is a reasonable approximation of fair value (Level 2). Total row has no printed label.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company does not have a fixed dividend policy. The frequency and quantum of dividend declared each year will take into consideration the Group’s profit growth, cash position, projected capital requirements for business growth and other factors as the Board may deem appropriate. | Company | PDF p. 39 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| final tax exempt (one-tier) dividend | 0.50 cents per share | FY2025 proposed final dividend, tax-exempt (one-tier), per ordinary share | PDF p. 39 |
| Final tax-exempt (1-tier) dividends paid at 0.50 cent (2024: 0.50 cent) per share | 823 $’000 | Group and Company, 2025 (dividend paid in 2025) | PDF p. 84 |
| Final tax-exempt (1-tier) dividends paid at 0.50 cent (2024: 0.50 cent) per share | 823 $’000 | Group and Company, 2024 comparative | PDF p. 84 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividends declared | 823 $’000 | FY2025 (columns FY2023, FY2024, FY2025 all 823) | PDF p. 136 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| RSM SG Assurance LLP | RSM SG Assurance LLP | Group and Company | PDF p. 57 |
| engagement partner | Kelly Lee Pei Woon | Group and Company | PDF p. 57 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company | PDF p. 53 |
Extracted from Annual Report 2025 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 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Complete primary statements cover years ended 31 December 2021–2025. Group income, comprehensive income, cash flows, financial position and changes in equity are supplied with Company financial position and changes in equity. No separate Company income or cash flow statements are disclosed.
Monetary statements are Singapore dollars thousands; EPS and NAV use Singapore cents per share. Original highlights provide three years, alongside the five-year primary history. Exact ordinary share counts are distinguished from rounded thousands.
The current EPS note places the share denominator beneath a monetary header; its share nature and thousand-share scale are corroborated by the original share-capital note, historical EPS note and exact issued ordinary shares.
Paid final dividends are shown by payment year, with their original rates: 0.50 cent in 2021, 1.00 cent in 2022, and 0.50 cent in 2023–2025. These differ from the fiscal year to which each final dividend relates. The proposed FY2025 final dividend is 0.50 cent, subject to approval and not recognised as a liability.
The original shareholder total 75.99% equals the sum of rounded individual percentages; aggregate shares divided by issued shares round to 75.98%. Both original and independently calculated bases are disclosed. Public float is approximately 41% and has no exact share-count reconciliation in the report.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.