Polaris 5BI
Financials
Polaris Ltd. Annual Report 2025
Explore the statements
9 tablesConsolidated Statement of Comprehensive Income
23 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income | |||
| RevenueS$’000 | 25,320 | 23,499 | PDF p. 77 |
| Cost of salesS$’000 | (21,998) | (20,420) | PDF p. 77 |
| Gross profitS$’000 | 3,322 | 3,079 | PDF p. 77 |
| Other items of income | |||
| Other incomeS$’000 | 1,298 | 208 | PDF p. 77 |
| Other items of expense | |||
| Marketing and distributionS$’000 | (770) | (672) | PDF p. 77 |
| Administrative expensesS$’000 | (3,937) | (3,995) | PDF p. 77 |
| Finance costsS$’000 | (122) | (115) | PDF p. 77 |
| Other expensesS$’000 | (518) | (437) | PDF p. 77 |
| Impairment loss on other receivablesS$’000 | (720) | - | PDF p. 77 |
| Impairment loss on intangible assetS$’000 | - | (165) | PDF p. 77 |
| Income | |||
| Loss before income taxS$’000 | (1,447) | (2,097) | PDF p. 77 |
| Income tax creditS$’000 | 5 | 25 | PDF p. 77 |
| Loss for the yearS$’000 | (1,442) | (2,072) | PDF p. 77 |
| Attributable to | |||
| Equity holders of the CompanyS$’000 | (1,054) | (1,882) | PDF p. 77 |
| Non-controlling interestsS$’000 | (388) | (190) | PDF p. 77 |
| SubtotalS$’000 | (1,442) | (2,072) | PDF p. 77 |
| Other comprehensive loss, net of tax; items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translationS$’000 | (125) | (86) | PDF p. 77 |
| Other comprehensive loss, net of tax | |||
| Other comprehensive loss for the yearS$’000 | (125) | (86) | PDF p. 77 |
| Comprehensive income | |||
| Total comprehensive loss for the yearS$’000 | (1,567) | (2,158) | PDF p. 77 |
| Comprehensive loss attributable to | |||
| Equity holders of the CompanyS$’000 | (1,047) | (1,968) | PDF p. 77 |
| Non-controlling interestsS$’000 | (520) | (190) | PDF p. 77 |
| SubtotalS$’000 | (1,567) | (2,158) | PDF p. 77 |
| Loss per share attributable to equity holders of the Company | |||
| Basic and diluted (cents per share)cents per share | (0.006) | (0.011) | PDF p. 77 |
Definitions & sources
Original report: PDF p. 77 ↗
The accompanying notes form an integral part of these financial statements.
Statements of Financial Position — assets
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Assets; Non-Current Assets | |||||
| Property, plant and equipmentS$’000 | 1,058 | 3,332 | 839 | 3,058 | PDF p. 78 |
| Investments in subsidiariesS$’000 | - | - | 71 | 71 | PDF p. 78 |
| Deferred tax assetsS$’000 | 62 | 48 | - | - | PDF p. 78 |
| Assets; Non-Current Assets subtotal | |||||
| SubtotalS$’000 | 1,120 | 3,380 | 910 | 3,129 | PDF p. 78 |
| Assets; Current Assets | |||||
| Trade and other receivablesS$’000 | 2,031 | 2,651 | 2 | 75 | PDF p. 78 |
| Intangible assetS$’000 | - | - | - | - | PDF p. 78 |
| InventoriesS$’000 | 543 | 736 | - | - | PDF p. 78 |
| PrepaymentsS$’000 | 177 | 148 | 4 | 8 | PDF p. 78 |
| Cash and bank balancesS$’000 | 924 | 801 | 121 | 25 | PDF p. 78 |
| Assets; Current Assets subtotal | |||||
| SubtotalS$’000 | 3,675 | 4,336 | 127 | 108 | PDF p. 78 |
| Assets | |||||
| Total AssetsS$’000 | 4,795 | 7,716 | 1,037 | 3,237 | PDF p. 78 |
Definitions & sources
Original report: PDF p. 78 ↗
The accompanying notes form an integral part of these financial statements.
Statements of Financial Position — liabilities and equity
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Liabilities and Equity; Current Liabilities | |||||
| Loans and borrowingsS$’000 | 81 | 441 | 81 | 441 | PDF p. 79 |
| Trade and other payablesS$’000 | 821 | 640 | 130 | 215 | PDF p. 79 |
| Other liabilitiesS$’000 | 446 | 410 | 210 | 177 | PDF p. 79 |
| Tax payableS$’000 | 10 | 27 | - | - | PDF p. 79 |
| Liabilities and Equity; Current Liabilities subtotal | |||||
| SubtotalS$’000 | 1,358 | 1,518 | 421 | 833 | PDF p. 79 |
| Liabilities and Equity; Non-Current Liabilities | |||||
| Loans and borrowingsS$’000 | 420 | 1,790 | 420 | 1,790 | PDF p. 79 |
| Retirement benefit liabilitiesS$’000 | 245 | 171 | - | - | PDF p. 79 |
| Liabilities and Equity; Non-Current Liabilities subtotal | |||||
| SubtotalS$’000 | 665 | 1,961 | 420 | 1,790 | PDF p. 79 |
| Liabilities and Equity | |||||
| Total LiabilitiesS$’000 | 2,023 | 3,479 | 841 | 2,623 | PDF p. 79 |
| Equity attributable to Equity Holders of the Company | |||||
| Share capitalS$’000 | 4,491 | 4,491 | 4,491 | 4,491 | PDF p. 79 |
| Foreign currency translation reserveS$’000 | (636) | (643) | - | - | PDF p. 79 |
| Retained earnings/(accumulated losses)S$’000 | 551 | 1,605 | (4,295) | (3,877) | PDF p. 79 |
| Equity attributable to Equity Holders of the Company subtotal | |||||
| SubtotalS$’000 | 4,406 | 5,453 | 196 | 614 | PDF p. 79 |
| Equity | |||||
| Non-controlling interestsS$’000 | (1,634) | (1,216) | - | - | PDF p. 79 |
| Total EquityS$’000 | 2,772 | 4,237 | 196 | 614 | PDF p. 79 |
| Liabilities and Equity | |||||
| Total Liabilities and EquityS$’000 | 4,795 | 7,716 | 1,037 | 3,237 | PDF p. 79 |
Definitions & sources
Original report: PDF p. 79 ↗
The accompanying notes form an integral part of these financial statements.
Consolidated statement of comprehensive income
23 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income | |||
| RevenueS$’000 | 25,320 | 23,499 | PDF p. 77 |
| Cost of salesS$’000 | (21,998) | (20,420) | PDF p. 77 |
| Gross profitS$’000 | 3,322 | 3,079 | PDF p. 77 |
| Other items of income | |||
| Other incomeS$’000 | 1,298 | 208 | PDF p. 77 |
| Other items of expense | |||
| Marketing and distributionS$’000 | (770) | (672) | PDF p. 77 |
| Administrative expensesS$’000 | (3,937) | (3,995) | PDF p. 77 |
| Finance costsS$’000 | (122) | (115) | PDF p. 77 |
| Other expensesS$’000 | (518) | (437) | PDF p. 77 |
| Impairment loss on other receivablesS$’000 | (720) | - | PDF p. 77 |
| Impairment loss on intangible assetS$’000 | - | (165) | PDF p. 77 |
| Income statement | |||
| Loss before income taxS$’000 | (1,447) | (2,097) | PDF p. 77 |
| Income tax creditS$’000 | 5 | 25 | PDF p. 77 |
| Loss for the yearS$’000 | (1,442) | (2,072) | PDF p. 77 |
| Loss for the year attributable to | |||
| Equity holders of the CompanyS$’000 | (1,054) | (1,882) | PDF p. 77 |
| Non-controlling interestsS$’000 | (388) | (190) | PDF p. 77 |
| Total loss for the yearS$’000 | (1,442) | (2,072) | PDF p. 77 |
| Other comprehensive loss, net of tax | |||
| Exchange differences on translationS$’000 | (125) | (86) | PDF p. 77 |
| Other comprehensive loss for the yearS$’000 | (125) | (86) | PDF p. 77 |
| Comprehensive income | |||
| Total comprehensive loss for the yearS$’000 | (1,567) | (2,158) | PDF p. 77 |
| Total comprehensive loss for the year attributable to | |||
| Equity holders of the CompanyS$’000 | (1,047) | (1,968) | PDF p. 77 |
| Non-controlling interestsS$’000 | (520) | (190) | PDF p. 77 |
| Total comprehensive loss for the yearS$’000 | (1,567) | (2,158) | PDF p. 77 |
| Loss per share attributable to equity holders of the Company | |||
| Basic and diluted (cents per share)cents per share | (0.006) | (0.011) | PDF p. 77 |
Definitions & sources
Original report: PDF p. 77 ↗
Consolidated statement of cash flows
30 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Loss before income taxS$’000 | (1,447) | (2,097) | PDF p. 82 |
| Adjustments for | |||
| Depreciation of property, plant and equipmentS$’000 | 258 | 472 | PDF p. 82 |
| Impairment loss on other receivablesS$’000 | 720 | - | PDF p. 82 |
| Impairment loss on intangible assetsS$’000 | - | 165 | PDF p. 82 |
| Finance costsS$’000 | 122 | 115 | PDF p. 82 |
| Reversal of write-down on inventoriesS$’000 | - | (18) | PDF p. 82 |
| Inventories written downS$’000 | 97 | - | PDF p. 82 |
| Expected credit losses on receivablesS$’000 | 5 | 7 | PDF p. 82 |
| Bad debt write-offS$’000 | 11 | 64 | PDF p. 82 |
| Gain from disposal of fixed assetS$’000 | (1,178) | - | PDF p. 82 |
| Unrealised exchange gainS$’000 | 10 | (101) | PDF p. 82 |
| Cash Flows from Operating Activities | |||
| Operating cash flows before changes in working capitalS$’000 | (1,402) | (1,393) | PDF p. 82 |
| Changes in working capital | |||
| InventoriesS$’000 | 96 | 668 | PDF p. 82 |
| Trade and other receivablesS$’000 | (116) | (241) | PDF p. 82 |
| PrepaymentsS$’000 | (29) | 189 | PDF p. 82 |
| Trade and other payablesS$’000 | 181 | (75) | PDF p. 82 |
| Other liabilitiesS$’000 | 110 | (135) | PDF p. 82 |
| Cash Flows from Operating Activities | |||
| Cash flows used in operationsS$’000 | (1,160) | (987) | PDF p. 82 |
| Finance cost paidS$’000 | (122) | (88) | PDF p. 82 |
| Income taxes paidS$’000 | (26) | - | PDF p. 82 |
| Net cash flows used in operating activitiesS$’000 | (1,308) | (1,075) | PDF p. 82 |
| Cash Flows from Investing Activities | |||
| Purchase of property, plant and equipmentS$’000 | (144) | (62) | PDF p. 82 |
| Proceeds from disposal of fixed assetS$’000 | 3,305 | - | PDF p. 82 |
| Net cash flows generated from/(used in) investing activitiesS$’000 | 3,161 | (62) | PDF p. 82 |
| Cash Flows from Financing Activities | |||
| Repayments of bank loansS$’000 | (1,730) | (429) | PDF p. 82 |
| Principal payment of lease liabilitiesS$’000 | - | (47) | PDF p. 82 |
| Net cash flows used in financing activitiesS$’000 | (1,730) | (476) | PDF p. 82 |
| Cash Flows | |||
| Net increase/(decrease) in cash and cash equivalentsS$’000 | 123 | (1,613) | PDF p. 82 |
| Cash and cash equivalents at the beginning of the yearS$’000 | 801 | 2,414 | PDF p. 82 |
| Cash and cash equivalents at the end of the year (Note 19)S$’000 | 924 | 801 | PDF p. 82 |
Definitions & sources
Original report: PDF p. 82 ↗
Reconciliation of liabilities to cash flows from financing activities
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; opening balance at 1 January | 2025Group; repayments during year | 2025Group; closing balance at 31 December | Source |
|---|---|---|---|---|
| 2025 | ||||
| Bank loansS$’000 | 2,231 | (1,730) | 501 | PDF p. 83 |
| 2024 | ||||
| Bank loansS$’000 | 2,660 | (429) | 2,231 | PDF p. 83 |
| Lease liabilitiesS$’000 | 47 | (47) | - | PDF p. 83 |
| TotalS$’000 | 2,707 | (476) | 2,231 | PDF p. 83 |
Definitions & sources
Original report: PDF p. 83 ↗
The printed column labels are 1 January, Cash Flow (Repayments), and 31 December. The table presents separate 2025 and 2024 Group schedules; 2025 has only a Bank loans row.
Financial Highlights
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|
| Performance Indicators | ||||
| Direct economic value generated (Revenue)S$’000 | 22,119 | 23,499 | 25,320 | PDF p. 49 |
| Gross profitS$’000 | 2,272 | 3,079 | 3,322 | PDF p. 49 |
| Operating expensesS$’000 | 5,018 | 5,384 | 6,067 | PDF p. 49 |
| Income tax expenses/(credit)S$’000 | (17) | (25) | (5) | PDF p. 49 |
| Direct economic value generated by Singapore operations (Revenue)S$’000 | 11,437 | 8,651 | 7,485 | PDF p. 49 |
| Direct economic value generated by Indonesia operations (Revenue)S$’000 | 8,034 | 8,437 | 9,164 | PDF p. 49 |
| Direct economic value generated by Philippines operations (Revenue)S$’000 | 2,245 | 4,876 | 5,452 | PDF p. 49 |
Definitions & sources
Original report: PDF p. 49 ↗
The report labels this table “Financial Highlights” and gives three years, FY2023–FY2025; no five-year summary was located in the inspected report pages.
Net-debt-to-equity ratio and supporting capital figures
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Capital Management | |||
| Loans and borrowingsS$’000 | 501 | 2,231 | PDF p. 142 |
| Trade and other payablesS$’000 | 765 | 573 | PDF p. 142 |
| Less: Cash and bank balancesS$’000 | (924) | (801) | PDF p. 142 |
| Net debtS$’000 | 342 | 2,003 | PDF p. 142 |
| Equity attributable to the equity holders of the CompanyS$’000 | 4,406 | 5,453 | PDF p. 142 |
Definitions & sources
Original report: PDF p. 142 ↗
The report defines the gearing ratio as net debt divided by equity. Net debt includes loans and borrowings, trade and other payables less cash and bank balances. The Group says it will review policies to keep the gearing ratio below 50%.
Loss per share attributable to equity holders of the Company
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Loss per share attributable to equity holders of the Company | |||
| Basic and diluted (cents per share)cents per share | (0.006) | (0.011) | PDF p. 77 |
| Loss per Share | |||
| Weighted average number of ordinary shares for basic loss per share computationNo. of shares ’000 | 17,053,170 | 17,053,170 | PDF p. 113 |
Definitions & sources
Original report: PDF p. 77 ↗ PDF p. 113 ↗
Basic loss per share is calculated by dividing the loss for the year attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the financial year. The report states there was no dilution because there were no potential dilutive ordinary shares outstanding at the ends of the financial years ended 31 December 2025 and 2024.
Where the money comes from
Segment information
By business
Note 30(a) Segment Revenues and Results 6 lines
| Item / unit | 2025Segment revenue, Group | 2024Segment revenue, Group | 2025Segment profit/(loss), Group | 2024Segment profit/(loss), Group | Source |
|---|---|---|---|---|---|
| Segment revenue and results | |||||
| Pre-loved luxury goods salesS$'000 | 17,866 | 14,125 | (548) | (674) | PDF p. 143 |
| Consumer electronics salesS$'000 | 7,438 | 8,457 | 53 | 44 | PDF p. 143 |
| Customer servicesS$'000 | - | 731 | - | 144 | PDF p. 143 |
| Green protein salesS$'000 | 16 | 186 | (269) | (436) | PDF p. 143 |
| CorporateS$'000 | - | - | (567) | (720) | PDF p. 143 |
| Total (unlabelled)S$'000 | 25,320 | 23,499 | (1,331) | (1,642) | PDF p. 143 |
Notes
Revenue reported represents revenue from external customers. There were no inter-segment sales.
Segment profit/(loss) represents the profit/(loss) earned by each reportable operating segment prior to interest income and finance costs.
Group financing (including finance costs) and income taxes are managed on a group basis and are not allocated to operating segments.
Note 30(b) Segment assets and liabilities reconciliation 15 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Segment assets | |||
| Pre-loved luxury goods salesS$'000 | 2,592 | 1,950 | PDF p. 144 |
| Consumer electronic salesS$'000 | 1,166 | 2,021 | PDF p. 144 |
| Customer servicesS$'000 | - | 161 | PDF p. 144 |
| Green protein salesS$'000 | 123 | 365 | PDF p. 144 |
| CorporateS$'000 | 914 | 3,219 | PDF p. 144 |
| Total segment assetsS$'000 | 4,795 | 7,716 | PDF p. 144 |
| Consolidated total assetsS$'000 | 4,795 | 7,716 | PDF p. 144 |
| Segment liabilities | |||
| Pre-loved luxury goods salesS$'000 | 743 | 618 | PDF p. 144 |
| Consumer electronic salesS$'000 | 330 | 102 | PDF p. 144 |
| Customer servicesS$'000 | - | - | PDF p. 144 |
| Green protein salesS$'000 | 82 | 65 | PDF p. 144 |
| CorporateS$'000 | 367 | 463 | PDF p. 144 |
| Total segment liabilitiesS$'000 | 1,522 | 1,248 | PDF p. 144 |
| Unallocated: Loans and borrowings (excluding lease liabilities)S$'000 | 501 | 2,231 | PDF p. 144 |
| Consolidated total liabilitiesS$'000 | 2,023 | 3,479 | PDF p. 144 |
Notes
All assets are allocated to reportable segments; all liabilities are allocated to reportable segments other than loans and borrowings.
Note 30(c) Other Segment Information - Depreciation and Additions to non-current assets 6 lines
| Item / unit | 2025Depreciation, Group | 2024Depreciation, Group | 2025Additions to non-current assets, Group | 2024Additions to non-current assets, Group | Source |
|---|---|---|---|---|---|
| Depreciation / Additions to non-current assets | |||||
| Pre-loved luxury goods salesS$'000 | 53 | 60 | 142 | 43 | PDF p. 145 |
| Consumer electronics salesS$'000 | 1 | 2 | - | 17 | PDF p. 145 |
| Customer servicesS$'000 | - | - | - | - | PDF p. 145 |
| Green protein salesS$'000 | 112 | 86 | 2 | 2 | PDF p. 145 |
| CorporateS$'000 | 92 | 324 | - | - | PDF p. 145 |
| Total (unlabelled)S$'000 | 258 | 472 | 144 | 62 | PDF p. 145 |
Note 30(c) Other Segment Information - Cost of sales and Employee benefits expense 6 lines
| Item / unit | 2025Cost of sales, Group | 2024Cost of sales, Group | 2025Employee benefits expense, Group | 2024Employee benefits expense, Group | Source |
|---|---|---|---|---|---|
| Cost of sales / Employee benefits expense | |||||
| Pre-loved luxury goods salesS$'000 | 15,278 | 12,773 | 1,485 | 895 | PDF p. 145 |
| Consumer electronics salesS$'000 | 6,649 | 7,240 | 299 | 220 | PDF p. 145 |
| Customer servicesS$'000 | - | 18 | - | 483 | PDF p. 145 |
| Green protein salesS$'000 | 71 | 264 | 46 | 157 | PDF p. 145 |
| CorporateS$'000 | - | 125 | 458 | 631 | PDF p. 145 |
| Total (unlabelled)S$'000 | 21,998 | 20,420 | 2,288 | 2,386 | PDF p. 145 |
By geography
Note 30(d) Geographical Information 8 lines
| Item / unit | 2025Revenue, Group | 2024Revenue, Group | 2025Non-current assets, Group | 2024Non-current assets, Group | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| SingaporeS$'000 | 7,485 | 8,651 | 840 | 3,138 | PDF p. 145 |
| IndonesiaS$'000 | 9,164 | 8,437 | 202 | 212 | PDF p. 145 |
| PhilippinesS$'000 | 5,452 | 4,876 | 14 | 19 | PDF p. 145 |
| KoreaS$'000 | 1,523 | 1,321 | 1 | 11 | PDF p. 145 |
| South AfricaS$'000 | 75 | 81 | - | - | PDF p. 145 |
| ThailandS$'000 | 1,291 | 133 | 49 | - | PDF p. 145 |
| VietnamS$'000 | 330 | - | 14 | - | PDF p. 145 |
| Total (unlabelled)S$'000 | 25,320 | 23,499 | 1,120 | 3,380 | PDF p. 145 |
Notes
Revenue and non-current assets information based on the geographical location of customers and assets, respectively.
Non-current assets information presented above consists of property, plant and equipment and other financial assets as presented in the consolidated statement of financial position.
Revenues from 3 major customers amount to S$20,355,144 (2024: S$16,436,583), arising from sales by the consumer electronics sales segment and pre-loved luxury goods sales.
Debt
Borrowings
Borrowing notes 1 tables
Loans and Borrowings
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current | |||||
| Loan IS$'000 | 59 | 85 | 59 | 85 | PDF p. 127 |
| Loan IIS$'000 | - | 97 | - | 97 | PDF p. 127 |
| Enterprise loanS$'000 | 22 | 259 | 22 | 259 | PDF p. 127 |
| Non-current | |||||
| Loan IS$'000 | 420 | 721 | 420 | 721 | PDF p. 127 |
| Loan IIS$'000 | - | 1,047 | - | 1,047 | PDF p. 127 |
| Enterprise loanS$'000 | - | 22 | - | 22 | PDF p. 127 |
| Total | |||||
| TotalS$'000 | 501 | 2,231 | 501 | 2,231 | PDF p. 127 |
Notes
Maturity years printed: Loan I 2032; Loan II 2034; Enterprise loan 2026. Current subtotal printed: 81, 441, 81, 441. Non-current subtotal printed: 420, 1,790, 420, 1,790.
Loan I: secured by a first mortgage over the Group's commercial properties (Note 12) and bears interest at 2.25% (2024: 2.25%) below the Bank's Commercial Financing Rate (BCFR); BCFR is 6.25% (2024: 6.25%) per annum. No breach of loan covenants. Subsequent to year end, one of the commercial properties was sold (Note 31).
Loan II: was secured by a first mortgage over the Group's commercial properties (Note 12), bore interest at 1.58% (2024: 1.58%) below BCFR (2024: 6.25%). Repaid during the year.
Enterprise loan: repayable in 60 instalments, interest at 2.50% per annum. No breach of loan covenants.
All amounts in S$; no foreign-currency borrowings are shown in this note.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 | The Group does not have a formal dividend policy at present. The form, frequency and amount of dividends declared each year, if any, will take into consideration the Group’s profit, cash position, positive cash flow generated from operations, projected capital requirements for business growth and other factors as the Board may deem appropriate. | Group, FY2025 | PDF p. 27 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 | No dividends were declared or recommended for FY2025, as the Group did not have profits available for dividend declaration. | Group, FY2025 | PDF p. 27 |
Extracted from Polaris Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Moore Stephens LLP | Group | PDF p. 76 |
| Engagement partner | Mr. Christopher Bruce Johnson | Group | PDF p. 76 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company | PDF p. 71 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Loss allowance for trade and other receivables | The Group determines the expected credit loss (“ECL”) of trade and other receivables by making debtor-specific assessments of expected impairment losses for overdue trade and other receivables | Group | PDF p. 72 |
Extracted from Polaris Ltd. Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Polaris Ltd. Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.