OKP HOLDINGS LIMITED | Annual Report 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and cash equivalentsSingapore dollars | 161,735,189 | 130,774,815 | 3,681,674 | 2,105,930 | PDF p. 114 |
| Trade and other receivablesSingapore dollars | 17,696,372 | 18,637,889 | 24,470,525 | 32,249,506 | PDF p. 114 |
| Contract assetsSingapore dollars | 38,957,610 | 23,226,305 | – | – | PDF p. 114 |
| InventoriesSingapore dollars | 1,446,589 | 1,232,571 | – | – | PDF p. 114 |
| SubtotalSingapore dollars | 219,835,760 | 173,871,580 | 28,152,199 | 34,355,436 | PDF p. 114 |
| Non-current assets held for saleSingapore dollars | 14,880,000 | – | – | – | PDF p. 114 |
| SubtotalSingapore dollars | 234,715,760 | 173,871,580 | 28,152,199 | 34,355,436 | PDF p. 114 |
| Non-current assets | |||||
| Investments in subsidiary corporationsSingapore dollars | – | – | 19,534,144 | 19,534,144 | PDF p. 114 |
| Investment in a joint ventureSingapore dollars | 79,675 | 79,641 | – | – | PDF p. 114 |
| Investments in associated companiesSingapore dollars | 3,446,260 | 5,466,982 | – | – | PDF p. 114 |
| Investment propertiesSingapore dollars | 64,363,750 | 79,015,000 | – | – | PDF p. 114 |
| Other receivablesSingapore dollars | 3,417,063 | 3,075,250 | 1,370,239 | 1,307,057 | PDF p. 114 |
| Property, plant and equipmentSingapore dollars | 38,664,433 | 41,529,696 | 12,781,198 | 12,861,058 | PDF p. 114 |
| Intangible assetsSingapore dollars | 1,854,051 | 1,687,551 | 166,500 | – | PDF p. 114 |
| Other investments at amortised costSingapore dollars | – | 2,005,108 | – | – | PDF p. 114 |
| Deferred income tax assetsSingapore dollars | 3,561,788 | 2,231,052 | – | 5,014 | PDF p. 114 |
| SubtotalSingapore dollars | 115,387,020 | 135,090,280 | 33,852,081 | 33,707,273 | PDF p. 114 |
| Total assetsSingapore dollars | 350,102,780 | 308,961,860 | 62,004,280 | 68,062,709 | PDF p. 114 |
| Current liabilities | |||||
| Trade and other payablesSingapore dollars | 47,465,097 | 39,010,683 | 11,734,261 | 10,741,025 | PDF p. 114 |
| Contract liabilitiesSingapore dollars | 10,069,161 | 18,024,032 | – | – | PDF p. 114 |
| BorrowingsSingapore dollars | 23,956,209 | 12,024,406 | 6,057 | 1,831 | PDF p. 114 |
| Provision for an onerous contractSingapore dollars | 3,264,675 | – | – | – | PDF p. 114 |
| Current income tax liabilitiesSingapore dollars | 9,212,667 | 6,456,330 | 220,471 | 188,853 | PDF p. 114 |
| SubtotalSingapore dollars | 93,967,809 | 75,515,451 | 11,960,789 | 10,931,709 | PDF p. 114 |
| Non-current liabilities | |||||
| Trade and other payablesSingapore dollars | 11,619,576 | 9,980,168 | – | – | PDF p. 114 |
| BorrowingsSingapore dollars | 2,768,674 | 18,158,408 | 17,343 | 5,355 | PDF p. 114 |
| Deferred income tax liabilitiesSingapore dollars | 2,329,011 | 2,239,545 | – | – | PDF p. 114 |
| SubtotalSingapore dollars | 16,717,261 | 30,378,121 | 17,343 | 5,355 | PDF p. 114 |
| Total liabilitiesSingapore dollars | 110,685,070 | 105,893,572 | 11,978,132 | 10,937,064 | PDF p. 114 |
| NET ASSETSSingapore dollars | 239,417,710 | 203,068,288 | 50,026,148 | 57,125,645 | PDF p. 114 |
| EQUITY | |||||
| Capital and reserves attributable to equity holders of the Company Share capitalSingapore dollars | 36,832,301 | 36,832,301 | 36,832,301 | 36,832,301 | PDF p. 114 Label p. 114 |
| Treasury sharesSingapore dollars | (234,974) | (234,974) | (234,974) | (234,974) | PDF p. 114 |
| Other reservesSingapore dollars | 1,442,454 | 1,458,988 | – | – | PDF p. 114 |
| Retained profitsSingapore dollars | 185,119,187 | 148,537,916 | 13,428,821 | 20,528,318 | PDF p. 114 |
| SubtotalSingapore dollars | 223,158,968 | 186,594,231 | 50,026,148 | 57,125,645 | PDF p. 114 |
| Non-controlling interestsSingapore dollars | 16,258,742 | 16,474,057 | – | – | PDF p. 114 |
| Total equitySingapore dollars | 239,417,710 | 203,068,288 | 50,026,148 | 57,125,645 | PDF p. 114 |
Original report: PDF p. 114 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated profit / comprehensive income — FY2025 source | |||
| RevenueSingapore dollars | 223,464,567 | 181,751,868 | PDF p. 115 |
| Cost of salesSingapore dollars | (151,028,405) | (123,570,793) | PDF p. 115 |
| Gross profitSingapore dollars | 72,436,162 | 58,181,075 | PDF p. 115 |
| Other gains/(losses), netSingapore dollars | 1,831,699 | (506,539) | PDF p. 115 |
| Expenses | |||
| – AdministrativeSingapore dollars | (20,554,072) | (17,790,564) | PDF p. 115 |
| – FinanceSingapore dollars | (1,841,097) | (2,048,589) | PDF p. 115 |
| Share of (loss)/profit of associated companies and a joint ventureSingapore dollars | (441,376) | 221,476 | PDF p. 115 |
| Profit before income taxSingapore dollars | 51,431,316 | 38,056,859 | PDF p. 115 |
| Income tax expenseSingapore dollars | (7,850,041) | (5,287,244) | PDF p. 115 |
| Net profitSingapore dollars | 43,581,275 | 32,769,615 | PDF p. 115 |
| Items that may be reclassified subsequently to profit or loss: | |||
| – Currency translation differences arising from consolidation – lossSingapore dollars | (16,534) | (53,906) | PDF p. 115 |
| Items that will not be reclassified subsequently to profit or loss: | |||
| – Currency translation differences arising from consolidation attributable to non-controlling interests – lossSingapore dollars | (15,885) | (51,792) | PDF p. 115 Label p. 115 |
| 23(b)(ii)Singapore dollars | (32,419) | (105,698) | PDF p. 115 |
| Total comprehensive incomeSingapore dollars | 43,548,856 | 32,663,917 | PDF p. 115 |
| Profit/(loss) attributable to: | |||
| Equity holders of the companySingapore dollars | 44,255,310 | 33,704,546 | PDF p. 115 |
| Non-controlling interestsSingapore dollars | (674,035) | (934,931) | PDF p. 115 |
| SubtotalSingapore dollars | 43,581,275 | 32,769,615 | PDF p. 115 |
| Total comprehensive income/(loss) attributable to: | |||
| Equity holders of the companySingapore dollars | 44,238,776 | 33,650,640 | PDF p. 115 |
| Non-controlling interestsSingapore dollars | (689,920) | (986,723) | PDF p. 115 |
| SubtotalSingapore dollars | 43,548,856 | 32,663,917 | PDF p. 115 |
Original report: PDF p. 115 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Company (cents per share) | |||
| – BasicSingapore cents per share | 14.42 | 10.98 | PDF p. 115 |
| – DilutedSingapore cents per share | 14.42 | 10.98 | PDF p. 115 |
Original report: PDF p. 115 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — Share capital | 2025Group — Treasury shares | 2025Group — Other reserves | 2025Group — Retained profits | 2025Group — Equity attributable to owners | 2025Group — Non-controlling interests | 2025Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | ||||||||
| Beginning of financial yearSingapore dollars | 36,832,301 | (234,974) | 1,458,988 | 148,537,916 | 186,594,231 | 16,474,057 | 203,068,288 | PDF p. 116 |
| Profit/(loss) for the financial yearSingapore dollars | – | – | – | 44,255,310 | 44,255,310 | (674,035) | 43,581,275 | PDF p. 116 |
| Other comprehensive loss for the financial | ||||||||
| yearSingapore dollars | – | – | (16,534) | – | (16,534) | (15,885) | (32,419) | PDF p. 116 |
| Total comprehensive (loss)/income for the financial yearSingapore dollars | – | – | (16,534) | 44,255,310 | 44,238,776 | (689,920) | 43,548,856 | PDF p. 116 Label p. 116 |
| Fair value adjustment on interest-free loanSingapore dollars | – | – | – | – | – | 474,605 | 474,605 | PDF p. 116 |
| DividendsSingapore dollars | – | – | – | (7,674,039) | (7,674,039) | – | (7,674,039) | PDF p. 116 |
| End of financial yearSingapore dollars | 36,832,301 | (234,974) | 1,442,454 | 185,119,187 | 223,158,968 | 16,258,742 | 239,417,710 | PDF p. 116 |
Original report: PDF p. 116 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group — Share capital | 2024Group — Treasury shares | 2024Group — Other reserves | 2024Group — Retained profits | 2024Group — Equity attributable to owners | 2024Group — Non-controlling interests | 2024Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 | ||||||||
| Beginning of financial yearSingapore dollars | 36,832,301 | (234,974) | 5,679,528 | 119,437,794 | 161,714,649 | 7,747,972 | 169,462,621 | PDF p. 116 |
| Profit for the financial yearSingapore dollars | – | – | – | 33,704,546 | 33,704,546 | (934,931) | 32,769,615 | PDF p. 116 |
| Other comprehensive loss for the financial | ||||||||
| yearSingapore dollars | – | – | (53,906) | – | (53,906) | (51,792) | (105,698) | PDF p. 116 |
| Total comprehensive (loss)/income for the financial yearSingapore dollars | – | – | (53,906) | 33,704,546 | 33,650,640 | (986,723) | 32,663,917 | PDF p. 116 Label p. 116 |
| Fair value adjustment on interest-free loan 23b(iii)Singapore dollars | – | – | (4,166,634) | – | (4,166,634) | 9,712,808 | 5,546,174 | PDF p. 116 |
| DividendsSingapore dollars | – | – | – | (4,604,424) | (4,604,424) | – | (4,604,424) | PDF p. 116 |
| End of financial yearSingapore dollars | 36,832,301 | (234,974) | 1,458,988 | 148,537,916 | 186,594,231 | 16,474,057 | 203,068,288 | PDF p. 116 |
Original report: PDF p. 116 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net profitSingapore dollars | 43,581,275 | 32,769,615 | PDF p. 117 |
| Adjustments for: | |||
| – Income tax expenseSingapore dollars | 7,850,041 | 5,287,244 | PDF p. 117 |
| – Depreciation of property, plant and equipmentSingapore dollars | 6,146,422 | 6,135,197 | PDF p. 117 |
| – Amortisation of intangible assetsSingapore dollars | 11,100 | 2,320 | PDF p. 117 |
| – Net fair value loss on investment propertiesSingapore dollars | 1,212,316 | 2,935,973 | PDF p. 117 |
| – Net loss/(gain) on disposal of property, plant and equipmentSingapore dollars | 161,271 | (59,505) | PDF p. 117 |
| – Property, plant and equipment written offSingapore dollars | – | 2,900 | PDF p. 117 |
| – Loss on lease modificationSingapore dollars | 2,142 | – | PDF p. 117 |
| – Provision for an onerous contractSingapore dollars | 3,264,675 | – | PDF p. 117 |
| – Currency exchange (gains)/lossesSingapore dollars | (196,979) | 978,625 | PDF p. 117 |
| – Share of loss/(profit) of associated companies and a joint ventureSingapore dollars | 441,376 | (221,476) | PDF p. 117 |
| – Interest income – bank depositsSingapore dollars | (2,028,100) | (2,561,821) | PDF p. 117 |
| – Interest income – other investments at amortised costSingapore dollars | (31,491) | (35,787) | PDF p. 117 |
| – Interest expenseSingapore dollars | 1,841,097 | 2,048,589 | PDF p. 117 |
| Operating cash flow before working capital changesSingapore dollars | 62,255,145 | 47,281,874 | PDF p. 117 |
| Change in working capital: – InventoriesSingapore dollars | (214,018) | (238,137) | PDF p. 117 Label p. 117 |
| – Trade and other receivablesSingapore dollars | 941,517 | (11,449,234) | PDF p. 117 |
| – Contract assetsSingapore dollars | (15,731,305) | 4,076,811 | PDF p. 117 |
| – Trade and other payablesSingapore dollars | 8,454,415 | 858,387 | PDF p. 117 |
| – Contract liabilitiesSingapore dollars | (7,954,871) | 18,024,032 | PDF p. 117 |
| Cash generated from operationsSingapore dollars | 47,750,583 | 58,553,733 | PDF p. 117 |
| – Interest receivedSingapore dollars | 2,028,100 | 2,561,821 | PDF p. 117 |
| – Income tax paidSingapore dollars | (6,391,663) | (2,787,499) | PDF p. 117 |
| Net cash provided by operating activitiesSingapore dollars | 43,387,320 | 58,328,055 | PDF p. 117 |
| Cash flows from investing activities | |||
| – Additions to property, plant and equipmentSingapore dollars | (2,565,466) | (3,986,676) | PDF p. 117 |
| – Additions to investment propertiesSingapore dollars | (986,311) | (806,103) | PDF p. 117 |
| – Additions to intangible assetsSingapore dollars | (177,600) | – | PDF p. 117 |
| – Proceeds from disposal of property, plant and equipmentSingapore dollars | 505,309 | 87,509 | PDF p. 117 |
| – Proceeds from disposal of other investments at amortised costSingapore dollars | 2,000,000 | – | PDF p. 117 |
| – Proceeds received from capital reduction and dividend received from an associated companySingapore dollars | 1,237,499 | – | PDF p. 117 Label p. 117 |
| – Advances to associated companiesSingapore dollars | – | (750,000) | PDF p. 117 |
| – Repayment of loan by associated companiesSingapore dollars | – | 1,035,000 | PDF p. 117 |
| – Interest receivedSingapore dollars | 36,599 | 35,643 | PDF p. 117 |
| Net cash provided by/(used in) investing activitiesSingapore dollars | 50,030 | (4,384,627) | PDF p. 117 |
Original report: PDF p. 117 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| – Principal payment of lease liabilitiesSingapore dollars | (3,772,399) | (3,853,551) | PDF p. 118 |
| – Advance from a non-controlling interestSingapore dollars | 1,470,000 | 588,000 | PDF p. 118 |
| – Repayment of borrowingsSingapore dollars | (1,244,181) | (1,281,727) | PDF p. 118 |
| – Interest paidSingapore dollars | (1,269,563) | (1,573,377) | PDF p. 118 |
| – Dividends paid to equity holders of the CompanySingapore dollars | (7,674,039) | (4,604,424) | PDF p. 118 |
| – Decrease/(increase) in bank deposits pledgedSingapore dollars | 670,011 | (569,913) | PDF p. 118 |
| Net cash used in financing activitiesSingapore dollars | (11,820,171) | (11,294,992) | PDF p. 118 |
| Net increase in cash and cash equivalentsSingapore dollars | 31,617,179 | 42,648,436 | PDF p. 118 |
| Cash and cash equivalentsSingapore dollars | 24,311,054 | 81,745,1901 | PDF p. 118 |
| Effects of currency translation on cash and cash equivalentsSingapore dollars | 13,206 | (82,572) | PDF p. 118 |
| End of financial yearSingapore dollars | 155,941,439 | 124,311,054 | PDF p. 118 |
Original report: PDF p. 118 ↗
OriginalFY2025 cash opening is24,311,054 and its comparative is malformed81,745,1901. The current opening produces a100million cash-bridge discrepancy; the comparative is not an interpretable numeric amount. OriginalFY2024 cash flows are retained separately; no source value is replaced.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| For the year | ||||||
| Revenue - ConstructionSingapore dollars thousands | 154,472 | 113,953 | 102,409 | 81,920 | 56,560 | PDF p. 38 |
| Revenue - MaintenanceSingapore dollars thousands | 65,577 | 61,736 | 51,604 | 29,456 | 26,405 | PDF p. 38 |
| Revenue - Rental incomeSingapore dollars thousands | 3,415 | 6,063 | 6,379 | 6,270 | 7,070 | PDF p. 38 |
| Total revenueSingapore dollars thousands | 223,464 | 181,752 | 160,392 | 117,646 | 90,035 | PDF p. 38 |
| Revenue - Construction (% of total revenue)% | 69.1 | 62.7 | 63.8 | 69.7 | 62.8 | PDF p. 38 |
| Revenue - Maintenance (% of total revenue)% | 29.4 | 34.0 | 32.2 | 25.0 | 29.3 | PDF p. 38 |
| Revenue - Rental income (% of total revenue)% | 1.5 | 3.3 | 4.0 | 5.3 | 7.9 | PDF p. 38 |
| Gross profitSingapore dollars thousands | 72,436 | 58,181 | 24,721 | 10,818 | 6,793 | PDF p. 38 |
| Gross profit (%)% | 32.4 | 32.0 | 15.4 | 9.2 | 7.5 | PDF p. 38 |
| Earnings Before Interest, Taxation, Depreciation and Amortisation (EBITDA)Singapore dollars thousands | 59,430 | 46,244 | 58,301 | 6,756 | 9,890 | PDF p. 38 |
| EBITDA margin (%)% | 26.6 | 25.4 | 36.3 | 5.7 | 11.0 | PDF p. 38 |
| Finance expenseSingapore dollars thousands | 1,841 | 2,049 | 2,065 | 1,569 | 1,138 | PDF p. 38 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | 6,147 | 6,136 | 5,098 | 4,629 | 4,278 | PDF p. 38 |
| Amortisation of intangible assetsSingapore dollars thousands | 11 | 2 | 16 | 18 | 26 | PDF p. 38 |
| Profit before income taxSingapore dollars thousands | 51,431 | 38,057 | 51,122 | 540 | 4,448 | PDF p. 38 |
| Profit before income tax (%)% | 23.0 | 20.9 | 31.9 | 0.5 | 4.9 | PDF p. 38 |
| Net profitSingapore dollars thousands | 43,581 | 32,770 | 47,449 | 164 | 4,235 | PDF p. 38 |
| Net profit margin (%)% | 19.5 | 18.0 | 29.6 | 0.1 | 4.7 | PDF p. 38 |
| Profit after income tax and non-controlling interests (PATMI)Singapore dollars thousands | 44,255 | 33,705 | 44,619 | (1,019) | 1,515 | PDF p. 38 |
| PATMI Margin (%)% | 19.8 | 18.5 | 27.8 | (0.9) | 1.7 | PDF p. 38 |
Original report: PDF p. 38 ↗
n.m. 38.22 Price to Book ratio (Market capitalisation/net assets) 1.63 0.49 0.39 0.38 0.48 Enterprise value (Market cap + MI + Net debt) 271,090 15,644 18,097 63,276 52,813 Enterprise value multiple (Enterprise value/EBITDA) 4.56 0.34 0.31 9.37 5.34 Productivity Number of employees 1,003 960 871 861 812 Revenue/employee ($’000) 222.8 189.3 184.1 136.6 110.9 n.m. :not meaningful 1 Based on 306,961,494 shares (excluding treasury shares) prior to the bonus issue that was completed in February 2026 2 Based on 537,182,531 shares (excluding treasury shares) after the bonus issue that was completed in February 2026 3 Gross dividend yield is calculated based on share price of $0.73 (based on closing price as at 31 December 2025, and adjusting for the bonus issue that was completed in February 2026 on the assumption that the bonus issue had been completed as at 31 December 2025) SUSTAINING OUR GROWTH | SHAPING THE FUTURE 37
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| At year end | ||||||
| Current assetsSingapore dollars thousands | 234,716 | 173,871 | 123,125 | 69,476 | 76,325 | PDF p. 38 |
| Total assetsSingapore dollars thousands | 350,103 | 308,962 | 259,476 | 204,901 | 203,134 | PDF p. 38 |
| Current liabilitiesSingapore dollars thousands | 93,971 | 75,515 | 55,139 | 44,174 | 37,321 | PDF p. 38 |
| Total liabilitiesSingapore dollars thousands | 110,685 | 105,894 | 90,013 | 81,187 | 77,862 | PDF p. 38 |
| Total debt (i.e. bank borrowings & lease liabilities)Singapore dollars thousands | 26,725 | 30,183 | 31,991 | 36,711 | 40,424 | PDF p. 38 |
| Shareholders' equitySingapore dollars thousands | 223,158 | 186,594 | 161,715 | 118,759 | 121,708 | PDF p. 38 |
| Net assetsSingapore dollars thousands | 239,418 | 203,068 | 169,463 | 123,714 | 125,272 | PDF p. 38 |
| Operating cashflowSingapore dollars thousands | 43,387 | 58,328 | 75,250 | (6,557) | (5,992) | PDF p. 38 |
| Cash and cash equivalentsSingapore dollars thousands | 161,735 | 130,775 | 87,639 | 25,970 | 51,031 | PDF p. 38 |
| Net tangible assetsSingapore dollars thousands | 237,564 | 201,380 | 167,773 | 122,008 | 123,547 | PDF p. 38 |
| Net order bookSingapore dollars thousands | 587,992 | 600,670 | 518,591 | 358,182 | 329,258 | PDF p. 38 |
| At year end (cont’d) | ||||||
| Net order book - constructionSingapore dollars thousands | 442,316 | 438,510 | 383,423 | 301,693 | 280,237 | PDF p. 39 |
| Net order book - maintenanceSingapore dollars thousands | 145,676 | 162,160 | 135,168 | 56,489 | 49,021 | PDF p. 39 |
| Net order book - totalSingapore dollars thousands | 587,992 | 600,670 | 518,591 | 358,182 | 329,258 | PDF p. 39 |
| Net order book - construction (%)% | 75.2 | 73.0 | 73.9 | 84.2 | 85.1 | PDF p. 39 |
| Net order book - maintenance (%)% | 24.8 | 27.0 | 26.1 | 15.8 | 14.9 | PDF p. 39 |
| Number of shares (excluding treasury shares)’000 shares | 306,961 | 306,961 | 306,961 | 306,961 | 306,961 | PDF p. 39 |
| Adjusted weighted average number of ordinary shares - Basic’000 shares | 306,961 | 306,961 | 306,961 | 306,961 | 306,961 | PDF p. 39 |
| Adjusted weighted average number of ordinary shares - Fully diluted’000 shares | 306,961 | 306,961 | 306,961 | 306,961 | 306,961 | PDF p. 39 |
| Share price at year endSingapore cents per share | 127.00 | 32.50 | 21.50 | 15.50 | 19.50 | PDF p. 39 |
| Average closing share priceSingapore cents per share | 81.80 | 29.88 | 20.59 | 17.94 | 18.73 | PDF p. 39 |
| Market capitalisation as at 31 DecemberSingapore dollars thousands | 389,840 | 99,762 | 65,997 | 47,579 | 59,857 | PDF p. 39 |
| Capital expenditureSingapore dollars thousands | 3,947 | 8,079 | 7,308 | 8,638 | 7,198 | PDF p. 39 |
Original report: PDF p. 38 ↗ PDF p. 39 ↗
n.m. 38.22 Price to Book ratio (Market capitalisation/net assets) 1.63 0.49 0.39 0.38 0.48 Enterprise value (Market cap + MI + Net debt) 271,090 15,644 18,097 63,276 52,813 Enterprise value multiple (Enterprise value/EBITDA) 4.56 0.34 0.31 9.37 5.34 Productivity Number of employees 1,003 960 871 861 812 Revenue/employee ($’000) 222.8 189.3 184.1 136.6 110.9 n.m. :not meaningful 1 Based on 306,961,494 shares (excluding treasury shares) prior to the bonus issue that was completed in February 2026 2 Based on 537,182,531 shares (excluding treasury shares) after the bonus issue that was completed in February 2026 3 Gross dividend yield is calculated based on share price of $0.73 (based on closing price as at 31 December 2025, and adjusting for the bonus issue that was completed in February 2026 on the assumption that the bonus issue had been completed as at 31 December 2025) SUSTAINING OUR GROWTH | SHAPING THE FUTURE 37
Continued on physicalpage39; the opening eleven year-end rows are on38 and the remaining twelve on39.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Financial ratios — Profitability | ||||||
| Revenue growth (%)% | 22.9 | 13.3 | 36.3 | 30.7 | 29.3 | PDF p. 39 |
| PATMI growth (%)% | 31.3 | (24.5) | 4478.7 | (167.3) | (54.0) | PDF p. 39 |
| Return on assets (%) (PATMI/Total assets)% | 12.6 | 10.9 | 17.2 | (0.5) | 0.7 | PDF p. 39 |
| Return on equity (%) (PATMI/Ave shareholders equity)% | 21.6 | 19.4 | 31.8 | (0.8) | 1.2 | PDF p. 39 |
| Financial ratios — Liquidity | ||||||
| Current ratio (times)times | 2.5 | 2.3 | 2.2 | 1.6 | 2.0 | PDF p. 39 |
| Cash per share (cents)Singapore cents per share | 52.7 | 42.6 | 28.6 | 8.5 | 16.6 | PDF p. 39 |
| Net tangible assets per share (cents)Singapore cents per share | 77.4 | 65.6 | 54.7 | 39.7 | 40.2 | PDF p. 39 |
| Financial ratios — Leverage | ||||||
| Total debt to equity ratio (times) (Total debt/Total equity)times | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | PDF p. 39 |
| Interest cover (times) (EBITDA/Finance expense)times | 32.3 | 22.6 | 28.2 | 4.3 | 8.7 | PDF p. 39 |
| Investors’ Ratios | ||||||
| Earnings per share (cents) - BasicSingapore cents per share | 14.42 | 10.98 | 14.54 | (0.33) | 0.49 | PDF p. 39 |
| Earnings per share (cents) - Fully dilutedSingapore cents per share | 14.42 | 10.98 | 14.54 | (0.33) | 0.49 | PDF p. 39 |
| Gross dividend per share (cents) - ordinarySingapore cents per share | 0.7 | 1.0 | 1.2 | 0.7 | 0.7 | PDF p. 39 |
| Gross dividend per share (cents) - specialSingapore cents per share | 1.3 | 1.5 | 0.8 | 0.0 | 0.0 | PDF p. 39 |
| Total gross dividend per share (cents) (DPS)Singapore cents per share | 2.0 | 2.5 | 2.0 | 0.7 | 0.7 | PDF p. 39 |
| Total gross dividend (in quantum)Singapore dollars thousands | 10,744 | 7,674 | 6,139 | 2,149 | 2,149 | PDF p. 39 |
| Gross dividend yield (%) based on year end share price% | 2.7 | 7.7 | 9.3 | 4.5 | 3.6 | PDF p. 39 |
| Gross dividend payout (%) (DPS/Basic EPS)% | 13.9 | 22.8 | 13.8 | (212.1) | 142.9 | PDF p. 39 |
| Price Earnings ratio (Average share price/year end EPS)times | 5.67 | 2.72 | 1.42 | n.m. | 38.22 | PDF p. 39 |
| Price to Book ratio (Market capitalisation/net assets)times | 1.63 | 0.49 | 0.39 | 0.38 | 0.48 | PDF p. 39 |
| Enterprise value (Market cap + MI + Net debt)Singapore dollars thousands | 271,090 | 15,644 | 18,097 | 63,276 | 52,813 | PDF p. 39 |
| Enterprise value multiple (Enterprise value/EBITDA)times | 4.56 | 0.34 | 0.31 | 9.37 | 5.34 | PDF p. 39 |
| Productivity | ||||||
| Number of employeesemployees | 1,003 | 960 | 871 | 861 | 812 | PDF p. 39 |
| Revenue/employeeSingapore dollars thousands | 222.8 | 189.3 | 184.1 | 136.6 | 110.9 | PDF p. 39 |
Original report: PDF p. 39 ↗
n.m. 38.22 Price to Book ratio (Market capitalisation/net assets) 1.63 0.49 0.39 0.38 0.48 Enterprise value (Market cap + MI + Net debt) 271,090 15,644 18,097 63,276 52,813 Enterprise value multiple (Enterprise value/EBITDA) 4.56 0.34 0.31 9.37 5.34 Productivity Number of employees 1,003 960 871 861 812 Revenue/employee ($’000) 222.8 189.3 184.1 136.6 110.9 n.m. :not meaningful 1 Based on 306,961,494 shares (excluding treasury shares) prior to the bonus issue that was completed in February 2026 2 Based on 537,182,531 shares (excluding treasury shares) after the bonus issue that was completed in February 2026 3 Gross dividend yield is calculated based on share price of $0.73 (based on closing price as at 31 December 2025, and adjusting for the bonus issue that was completed in February 2026 on the assumption that the bonus issue had been completed as at 31 December 2025) SUSTAINING OUR GROWTH | SHAPING THE FUTURE 37
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group basic and diluted EPS inputs — Note32 | |||
| Net profit attributable to equity holders of the Company ($)Singapore dollars | 44,255,310 | 33,704,546 | PDF p. 170 |
| Weighted average number of ordinary shares outstanding forordinary shares | 306,961,494 | 306,961,494 | PDF p. 170 |
| Basic and diluted earnings per share (cents per share)Singapore cents per share | 14.42 | 10.98 | PDF p. 170 |
Original report: PDF p. 170 ↗
Original Note32/33; dividends paid are distinct from the FY2025 proposed distribution on the post-bonus share basis.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Ordinary dividends paid — Note33 | |||
| Final one-tier tax exempt dividend paid in respect of theSingapore dollars | 3,069,616 | 2,148,731 | PDF p. 170 |
| Special final interim one-tier tax exempt dividend paid in respect of theSingapore dollars | 4,604,423 | 2,455,692 | PDF p. 170 |
| SubtotalSingapore dollars | 7,674,039 | 4,604,423 | PDF p. 170 |
Original report: PDF p. 170 ↗
Original Note32/33; dividends paid are distinct from the FY2025 proposed distribution on the post-bonus share basis.
Paid final previous-year rates$0.010/$0.007 and special$0.015/$0.008. Proposed ordinary$0.007 plus special$0.013 on537,182,531shares, approximately$10,743,651, subject to28April2026AGM. Not reflected in these statements; appropriated inFY2026. The comparative paid total4,604,423 differs by1dollar from original primary cash-flow4,604,424; both original values retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group — Share capital | 2024Group — Treasury shares | 2024Group — Other reserves | 2024Group — Retained profits | 2024Group — Equity attributable to owners | 2024Group — Non-controlling interests | 2024Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 | ||||||||
| Beginning of financial yearSingapore dollars | 36,832,301 | (234,974) | 5,679,528 | 119,437,794 | 161,714,649 | 7,747,972 | 169,462,621 | PDF p. 115 |
| Profit/(loss) for the financial yearSingapore dollars | – | – | – | 33,704,546 | 33,704,546 | (934,931) | 32,769,615 | PDF p. 115 |
| Other comprehensive loss for the financial yearSingapore dollars | – | – | (53,906) | – | (53,906) | (51,792) | (105,698) | PDF p. 115 |
| Total comprehensive (loss)/income for the financial yearSingapore dollars | – | – | (53,906) | 33,704,546 | 33,650,640 | (986,723) | 32,663,917 | PDF p. 115 Label p. 115 |
| Fair value adjustment on interest-free loan 21(b)(iii)Singapore dollars | – | – | (4,166,634) | – | (4,166,634) | 9,712,808 | 5,546,174 | PDF p. 115 |
| DividendsSingapore dollars | – | – | – | (4,604,424) | (4,604,424) | – | (4,604,424) | PDF p. 115 |
| End of financial yearSingapore dollars | 36,832,301 | (234,974) | 1,458,988 | 148,537,916 | 186,594,231 | 16,474,057 | 203,068,288 | PDF p. 115 |
Original report: PDF p. 115 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — Share capital | 2023Group — Treasury shares | 2023Group — Other reserves | 2023Group — Retained profits | 2023Group — Equity attributable to owners | 2023Group — Non-controlling interests | 2023Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2023 | ||||||||
| Beginning of financial yearSingapore dollars | 36,832,301 | (234,974) | 3,659,659 | 78,501,849 | 118,758,835 | 4,955,615 | 123,714,450 | PDF p. 115 |
| Profit for the financial yearSingapore dollars | – | – | – | 44,619,484 | 44,619,484 | 2,829,702 | 47,449,186 | PDF p. 115 |
| Other comprehensive loss for the financial yearSingapore dollars | – | – | (38,869) | – | (38,869) | (37,345) | (76,214) | PDF p. 115 |
| Total comprehensive (loss)/income for the financial yearSingapore dollars | – | – | (38,869) | 44,619,484 | 44,580,615 | 2,792,357 | 47,372,972 | PDF p. 115 Label p. 115 |
| Fair value adjustment on interest-free loan 21(b)(iii)Singapore dollars | – | – | 2,058,738 | – | 2,058,738 | – | 2,058,738 | PDF p. 115 |
| DividendsSingapore dollars | – | – | – | (3,683,539) | (3,683,539) | – | (3,683,539) | PDF p. 115 |
| End of financial yearSingapore dollars | 36,832,301 | (234,974) | 5,679,528 | 119,437,794 | 161,714,649 | 7,747,972 | 169,462,621 | PDF p. 115 |
Original report: PDF p. 115 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2023Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net profitSingapore dollars | 32,769,615 | 47,449,186 | PDF p. 116 |
| Adjustments for: | |||
| – Income tax expenseSingapore dollars | 5,287,244 | 3,672,477 | PDF p. 116 |
| – Depreciation of property, plant and equipmentSingapore dollars | 6,135,197 | 5,098,498 | PDF p. 116 |
| – Amortisation of intangible assetsSingapore dollars | 2,320 | 16,180 | PDF p. 116 |
| – Net fair value loss/(gain) on investment propertiesSingapore dollars | 2,935,973 | (4,902,632) | PDF p. 116 |
| – Net gain on disposal of property, plant and equipmentSingapore dollars | (59,505) | (113,874) | PDF p. 116 |
| – Property, plant and equipment written offSingapore dollars | 2,900 | – | PDF p. 116 |
| – Gain on lease modificationSingapore dollars | – | (3,447) | PDF p. 116 |
| – Impairment loss on other receivablesSingapore dollars | – | 4,200,000 | PDF p. 116 |
| – Foreign exchange losses/(gains)Singapore dollars | 978,625 | (281,270) | PDF p. 116 |
| – Share of profit of associated companies and a joint ventureSingapore dollars | (221,476) | (204,234) | PDF p. 116 |
| – Interest income – bank depositsSingapore dollars | (2,561,821) | (1,398,011) | PDF p. 116 |
| – Interest income – other investments at amortised costSingapore dollars | (35,787) | (34,556) | PDF p. 116 |
| – Interest expenseSingapore dollars | 2,048,589 | 2,064,911 | PDF p. 116 |
| Operating cash flow before working capital changesSingapore dollars | 47,281,874 | 55,563,228 | PDF p. 116 |
| Change in working capital: – InventoriesSingapore dollars | (238,137) | 597,150 | PDF p. 116 Label p. 116 |
| – Trade and other receivablesSingapore dollars | (11,449,234) | 10,746,528 | PDF p. 116 |
| – Contract assetsSingapore dollars | 4,076,811 | (3,324,336) | PDF p. 116 |
| – Trade and other payablesSingapore dollars | 858,387 | 10,765,670 | PDF p. 116 |
| – Contract liabilitiesSingapore dollars | 18,024,032 | – | PDF p. 116 |
| Cash generated from operationsSingapore dollars | 58,553,733 | 74,348,240 | PDF p. 116 |
| – Interest receivedSingapore dollars | 2,561,821 | 1,398,011 | PDF p. 116 |
| – Income tax paidSingapore dollars | (2,787,499) | (495,830) | PDF p. 116 |
| Net cash generated from operating activitiesSingapore dollars | 58,328,055 | 75,250,421 | PDF p. 116 |
| Cash flows from investing activities | |||
| – Additions to property, plant and equipmentSingapore dollars | (3,986,676) | (4,916,081) | PDF p. 116 |
| – Additions to investment propertiesSingapore dollars | (806,103) | – | PDF p. 116 |
| – Proceeds from disposal of property, plant and equipmentSingapore dollars | 87,509 | 196,808 | PDF p. 116 |
| – Advances to associated companiesSingapore dollars | (750,000) | (1,000,000) | PDF p. 116 |
| – Repayment of loan by associated companiesSingapore dollars | 1,035,000 | 3,375,000 | PDF p. 116 |
| – Interest receivedSingapore dollars | 35,643 | 34,502 | PDF p. 116 |
| Net cash used in investing activitiesSingapore dollars | (4,384,627) | (2,309,771) | PDF p. 116 |
Original report: PDF p. 116 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2023Group | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| – Principal payment of lease liabilitiesSingapore dollars | (3,853,551) | (2,131,971) | PDF p. 117 |
| – Advance from a non-controlling interestSingapore dollars | 588,000 | 906,500 | PDF p. 117 |
| – Repayment of borrowingsSingapore dollars | (1,281,727) | (4,731,067) | PDF p. 117 |
| – Interest paidSingapore dollars | (1,573,377) | (1,615,126) | PDF p. 117 |
| – Dividends paid to equity holders of the CompanySingapore dollars | (4,604,424) | (3,683,539) | PDF p. 117 |
| – Bank deposits pledgedSingapore dollars | (569,913) | (718,466) | PDF p. 117 |
| Net cash used in financing activitiesSingapore dollars | (11,294,992) | (11,973,669) | PDF p. 117 |
| Net increase in cash and cash equivalentsSingapore dollars | 42,648,436 | 60,966,981 | PDF p. 117 |
| Cash and cash equivalents Beginning of financial yearSingapore dollars | 81,745,190 | 20,794,597 | PDF p. 117 Label p. 117 |
| Effects of currency translation on cash and cash equivalentsSingapore dollars | (82,572) | (16,388) | PDF p. 117 |
| End of financial yearSingapore dollars | 124,311,054 | 81,745,190 | PDF p. 117 |
Original report: PDF p. 117 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and cash equivalentsSingapore dollars | 87,639,038 | 25,969,979 | 2,118,148 | 1,460,711 | PDF p. 117 |
| Trade and other receivablesSingapore dollars | 7,188,655 | 17,935,183 | 26,434,152 | 17,789,356 | PDF p. 117 |
| Contract assetsSingapore dollars | 27,303,116 | 23,978,780 | – | – | PDF p. 117 |
| InventoriesSingapore dollars | 994,434 | 1,591,584 | – | – | PDF p. 117 |
| SubtotalSingapore dollars | 123,125,243 | 69,475,526 | 28,552,300 | 19,250,067 | PDF p. 117 |
| Non-current assets | |||||
| Investments in subsidiary corporationsSingapore dollars | – | – | 19,534,144 | 19,534,144 | PDF p. 117 |
| Investments in joint venturesSingapore dollars | 77,753 | 45,037 | – | – | PDF p. 117 |
| Investments in associated companiesSingapore dollars | 2,003,705 | 1,520,768 | – | – | PDF p. 117 |
| Investment propertiesSingapore dollars | 83,232,114 | 78,504,796 | – | – | PDF p. 117 |
| Other receivablesSingapore dollars | 6,603,939 | 13,490,357 | 1,246,788 | 1,189,299 | PDF p. 117 |
| Property, plant and equipmentSingapore dollars | 39,616,698 | 37,489,483 | 12,896,131 | 12,977,201 | PDF p. 117 |
| Intangible assetsSingapore dollars | 1,689,871 | 1,706,051 | 2,320 | 6,959 | PDF p. 117 |
| Other investments at amortised costSingapore dollars | 2,004,964 | 2,004,910 | – | – | PDF p. 117 |
| Deferred income tax assetsSingapore dollars | 1,121,365 | 664,350 | – | – | PDF p. 117 |
| SubtotalSingapore dollars | 136,350,409 | 135,425,752 | 33,679,383 | 33,707,603 | PDF p. 117 |
| Total assetsSingapore dollars | 259,475,652 | 204,901,278 | 62,231,683 | 52,957,670 | PDF p. 117 |
| Current liabilities | |||||
| Trade and other payablesSingapore dollars | 39,748,492 | 28,076,322 | 13,935,907 | 2,855,261 | PDF p. 117 |
| BorrowingsSingapore dollars | 12,295,230 | 15,831,283 | 1,758 | 3,450,000 | PDF p. 117 |
| Current income tax liabilitiesSingapore dollars | 3,094,992 | 266,204 | 205,368 | 73,368 | PDF p. 117 |
| SubtotalSingapore dollars | 55,138,714 | 44,173,809 | 14,143,033 | 6,378,629 | PDF p. 117 |
| Non-current liabilities | |||||
| Trade and other payablesSingapore dollars | 13,303,532 | 15,067,998 | – | – | PDF p. 117 |
| BorrowingsSingapore dollars | 19,695,946 | 20,879,759 | 7,253 | – | PDF p. 117 |
| Deferred income tax liabilitiesSingapore dollars | 1,874,839 | 1,065,262 | 9,522 | 6,918 | PDF p. 117 |
| SubtotalSingapore dollars | 34,874,317 | 37,013,019 | 16,775 | 6,918 | PDF p. 117 |
| Total liabilitiesSingapore dollars | 90,013,031 | 81,186,828 | 14,159,808 | 6,385,547 | PDF p. 117 |
| NET ASSETSSingapore dollars | 169,462,621 | 123,714,450 | 48,071,875 | 46,572,123 | PDF p. 117 |
| EQUITY | |||||
| Capital and reserves attributable to equity holders of the Company Share capitalSingapore dollars | 36,832,301 | 36,832,301 | 36,832,301 | 36,832,301 | PDF p. 117 Label p. 117 |
| Treasury sharesSingapore dollars | (234,974) | (234,974) | (234,974) | (234,974) | PDF p. 117 |
| Other reservesSingapore dollars | 5,679,528 | 3,659,659 | – | – | PDF p. 117 |
| Retained profitsSingapore dollars | 119,437,794 | 78,501,849 | 11,474,548 | 9,974,796 | PDF p. 117 |
| SubtotalSingapore dollars | 161,714,649 | 118,758,835 | 48,071,875 | 46,572,123 | PDF p. 117 |
| Non-controlling interestsSingapore dollars | 7,747,972 | 4,955,615 | – | – | PDF p. 117 |
| Total equitySingapore dollars | 169,462,621 | 123,714,450 | 48,071,875 | 46,572,123 | PDF p. 117 |
Original report: PDF p. 117 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Consolidated profit / comprehensive income — FY2023 source | |||
| RevenueSingapore dollars | 160,392,274 | 117,645,800 | PDF p. 118 |
| Cost of salesSingapore dollars | (135,670,717) | (106,828,217) | PDF p. 118 |
| Gross profitSingapore dollars | 24,721,557 | 10,817,583 | PDF p. 118 |
| Other (losses)/gains, net – Impairment loss on other receivablesSingapore dollars | (4,200,000) | (500,000) | PDF p. 118 Label p. 118 |
| – OthersSingapore dollars | 51,134,283 | 3,469,743 | PDF p. 118 |
| Expenses | |||
| – AdministrativeSingapore dollars | (18,673,500) | (12,393,887) | PDF p. 118 |
| – FinanceSingapore dollars | (2,064,911) | (1,568,868) | PDF p. 118 |
| Share of profit of associated companies and joint venturesSingapore dollars | 204,234 | 715,035 | PDF p. 118 |
| Profit before income taxSingapore dollars | 51,121,663 | 539,606 | PDF p. 118 |
| Income tax expenseSingapore dollars | (3,672,477) | (375,145) | PDF p. 118 |
| Net profitSingapore dollars | 47,449,186 | 164,461 | PDF p. 118 |
| Items that may be reclassified subsequently to profit or loss: | |||
| – Currency translation differences arising from consolidation – (loss)/gain 21(b)(ii)Singapore dollars | (76,214) | 426,894 | PDF p. 118 |
| Total comprehensive incomeSingapore dollars | 47,372,972 | 591,355 | PDF p. 118 |
| Profit/(loss) attributable to: | |||
| Equity holders of the companySingapore dollars | 44,619,484 | (1,018,636) | PDF p. 118 |
| Non-controlling interestsSingapore dollars | 2,829,702 | 1,183,097 | PDF p. 118 |
| SubtotalSingapore dollars | 47,449,186 | 164,461 | PDF p. 118 |
| Total comprehensive income/(loss) attributable to: | |||
| Equity holders of the companySingapore dollars | 44,580,615 | (800,919) | PDF p. 118 |
| Non-controlling interestsSingapore dollars | 2,792,357 | 1,392,274 | PDF p. 118 |
| SubtotalSingapore dollars | 47,372,972 | 591,355 | PDF p. 118 |
Original report: PDF p. 118 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Company (cents per share) | |||
| – BasicSingapore cents per share | 14.54 | (0.33) | PDF p. 118 |
| – DilutedSingapore cents per share | 14.54 | (0.33) | PDF p. 118 |
Original report: PDF p. 118 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — Share capital | 2023Group — Treasury shares | 2023Group — Other reserves | 2023Group — Retained profits | 2023Group — Equity attributable to owners | 2023Group — Non-controlling interests | 2023Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2023 | ||||||||
| Beginning of financial yearSingapore dollars | 36,832,301 | (234,974) | 3,659,659 | 78,501,849 | 118,758,835 | 4,955,615 | 123,714,450 | PDF p. 119 |
| Profit for the financial yearSingapore dollars | – | – | – | 44,619,484 | 44,619,484 | 2,829,702 | 47,449,186 | PDF p. 119 |
| Other comprehensive loss for the financial yearSingapore dollars | – | – | (38,869) | – | (38,869) | (37,345) | (76,214) | PDF p. 119 |
| Total comprehensive (loss)/income for the financial yearSingapore dollars | – | – | (38,869) | 44,619,484 | 44,580,615 | 2,792,357 | 47,372,972 | PDF p. 119 Label p. 119 |
| Fair value adjustment on interest-free loanSingapore dollars | – | – | 2,058,738 | – | 2,058,738 | – | 2,058,738 | PDF p. 119 |
| DividendsSingapore dollars | – | – | – | (3,683,539) | (3,683,539) | – | (3,683,539) | PDF p. 119 |
| End of financial yearSingapore dollars | 36,832,301 | (234,974) | 5,679,528 | 119,437,794 | 161,714,649 | 7,749,972 | 169,462,621 | PDF p. 119 |
Original report: PDF p. 119 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Share capital | 2022Group — Treasury shares | 2022Group — Other reserves | 2022Group — Retained profits | 2022Group — Equity attributable to owners | 2022Group — Non-controlling interests | 2022Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2022 | ||||||||
| Beginning of financial yearSingapore dollars | 36,832,301 | (234,974) | 3,441,942 | 81,669,216 | 121,708,485 | 3,563,341 | 125,271,826 | PDF p. 119 |
| (Loss)/profit for the financial yearSingapore dollars | – | – | – | (1,018,636) | (1,018,636) | 1,183,097 | 164,461 | PDF p. 119 |
| Other comprehensive income for the | ||||||||
| financial yearSingapore dollars | – | – | 217,717 | – | 217,717 | 209,177 | 426,894 | PDF p. 119 |
| Total comprehensive income/(loss) for the financial yearSingapore dollars | – | – | 217,717 | (1,018,636) | (800,919) | 1,392,274 | 591,355 | PDF p. 119 Label p. 119 |
| DividendsSingapore dollars | – | – | – | (2,148,731) | (2,148,731) | – | (2,148,731) | PDF p. 119 |
| End of financial yearSingapore dollars | 36,832,301 | (234,974) | 3,659,659 | 78,501,849 | 118,758,835 | 4,955,615 | 123,714,450 | PDF p. 119 |
Original report: PDF p. 119 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net profitSingapore dollars | 47,449,186 | 164,461 | PDF p. 120 |
| Adjustments for: | |||
| – Income tax expenseSingapore dollars | 3,672,477 | 375,145 | PDF p. 120 |
| – Depreciation of property, plant and equipmentSingapore dollars | 5,098,498 | 4,628,203 | PDF p. 120 |
| – Amortisation of intangible assetsSingapore dollars | 16,180 | 18,488 | PDF p. 120 |
| – Net fair value gain on investment propertiesSingapore dollars | (4,902,632) | (2,249,361) | PDF p. 120 |
| – Net gain on disposal of property, plant and equipmentSingapore dollars | (113,874) | (45,414) | PDF p. 120 |
| – Gain on lease modificationSingapore dollars | (3,447) | (3,368) | PDF p. 120 |
| – Impairment loss on other receivablesSingapore dollars | 4,200,000 | 500,000 | PDF p. 120 |
| – Currency exchange (gains)/lossesSingapore dollars | (281,270) | 956,446 | PDF p. 120 |
| – Share of profit of associated companies and joint venturesSingapore dollars | (204,234) | (715,035) | PDF p. 120 |
| – Interest income – bank depositsSingapore dollars | (1,398,011) | (215,744) | PDF p. 120 |
| – Interest income – other investments at amortised costSingapore dollars | (34,556) | (21,956) | PDF p. 120 |
| – Interest expenseSingapore dollars | 2,064,911 | 1,568,868 | PDF p. 120 |
| Operating cash flow before working capital changesSingapore dollars | 55,563,228 | 4,960,733 | PDF p. 120 |
| Change in working capital: – InventoriesSingapore dollars | 597,150 | 95,755 | PDF p. 120 Label p. 120 |
| – Trade and other receivablesSingapore dollars | 10,746,528 | (9,912,460) | PDF p. 120 |
| – Contract assetsSingapore dollars | (3,324,336) | (8,394,790) | PDF p. 120 |
| – Trade and other payablesSingapore dollars | 10,765,670 | 7,346,889 | PDF p. 120 |
| Cash provided by/(used in) operationsSingapore dollars | 74,348,240 | (5,903,873) | PDF p. 120 |
| – Interest receivedSingapore dollars | 1,398,011 | 215,744 | PDF p. 120 |
| – Income tax paidSingapore dollars | (495,830) | (868,485) | PDF p. 120 |
| Net cash provided by/(used in) operating activitiesSingapore dollars | 75,250,421 | (6,556,614) | PDF p. 120 |
| Cash flows from investing activities | |||
| – Additions to property, plant and equipmentSingapore dollars | (4,916,081) | (5,741,470) | PDF p. 120 |
| – Capital reduction in joint venturesSingapore dollars | – | 6,509 | PDF p. 120 |
| – Purchases of other investments at amortised costSingapore dollars | – | (2,000,000) | PDF p. 120 |
| – Proceeds from disposal of property, plant and equipmentSingapore dollars | 196,808 | 150,135 | PDF p. 120 |
| – Advances to associated companiesSingapore dollars | (1,000,000) | (2,125,000) | PDF p. 120 |
| – Repayment of loan by associated companiesSingapore dollars | 3,375,000 | – | PDF p. 120 |
| – Interest receivedSingapore dollars | 34,502 | 17,047 | PDF p. 120 |
| Net cash used in investing activitiesSingapore dollars | (2,309,771) | (9,692,779) | PDF p. 120 |
Original report: PDF p. 120 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| – Principal payment of lease liabilitiesSingapore dollars | (2,131,971) | (1,624,931) | PDF p. 121 |
| – Advance from a non-controlling interestSingapore dollars | 906,500 | 98,000 | PDF p. 121 |
| – Repayment of borrowingsSingapore dollars | (4,731,067) | (3,860,929) | PDF p. 121 |
| – Interest paidSingapore dollars | (1,615,126) | (1,128,722) | PDF p. 121 |
| – Dividends paid to equity holders of the CompanySingapore dollars | (3,683,539) | (2,148,731) | PDF p. 121 |
| – Bank deposits pledgedSingapore dollars | (718,466) | 20,127 | PDF p. 121 |
| Net cash used in financing activitiesSingapore dollars | (11,973,669) | (8,645,186) | PDF p. 121 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars | 60,966,981 | (24,894,579) | PDF p. 121 |
| Cash and cash equivalents Beginning of financial yearSingapore dollars | 20,794,597 | 45,835,274 | PDF p. 121 Label p. 121 |
| Effects of currency translation on cash and cash equivalentsSingapore dollars | (16,388) | (146,098) | PDF p. 121 |
| End of financial yearSingapore dollars | 81,745,190 | 20,794,597 | PDF p. 121 |
Original report: PDF p. 121 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | 2021Company | 2020Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and cash equivalentsSingapore dollars | 51,030,783 | 79,097,258 | 3,512,545 | 4,078,114 | PDF p. 144 |
| Trade and other receivablesSingapore dollars | 8,022,723 | 9,729,135 | 19,549,658 | 18,112,331 | PDF p. 144 |
| Contract assetsSingapore dollars | 15,583,990 | 14,238,867 | – | – | PDF p. 144 |
| InventoriesSingapore dollars | 1,687,339 | – | – | – | PDF p. 144 |
| SubtotalSingapore dollars | 76,324,835 | 103,065,260 | 23,062,203 | 22,190,445 | PDF p. 144 |
| Non-current assets | |||||
| Investments in subsidiary corporationsSingapore dollars | – | – | 19,218,773 | 19,218,773 | PDF p. 144 |
| Investments in joint venturesSingapore dollars | 32,020 | 35,690 | – | – | PDF p. 144 |
| Investments in associated companiesSingapore dollars | 915,536 | 410,670 | – | – | PDF p. 144 |
| Investment propertiesSingapore dollars | 78,486,763 | 52,107,236 | – | – | PDF p. 144 |
| Other receivablesSingapore dollars | 11,775,080 | 8,925,414 | – | – | PDF p. 144 |
| Property, plant and equipmentSingapore dollars | 33,581,226 | 30,783,933 | 13,079,711 | 13,184,193 | PDF p. 144 |
| Intangible assetsSingapore dollars | 1,724,539 | 1,751,026 | 11,599 | 16,238 | PDF p. 144 |
| Deferred income tax assetsSingapore dollars | 293,675 | – | – | – | PDF p. 144 |
| SubtotalSingapore dollars | 126,808,839 | 94,013,969 | 32,310,083 | 32,419,204 | PDF p. 144 |
| Total assetsSingapore dollars | 203,133,674 | 197,079,229 | 55,372,286 | 54,609,649 | PDF p. 144 |
| Current liabilities | |||||
| Trade and other payablesSingapore dollars | 20,729,433 | 20,180,048 | 2,941,210 | 3,111,926 | PDF p. 144 |
| Contract liabilitiesSingapore dollars | – | 8,933,714 | – | – | PDF p. 144 |
| BorrowingsSingapore dollars | 16,020,696 | 7,271,839 | 4,050,000 | 4,500,000 | PDF p. 144 |
| ProvisionsSingapore dollars | – | 1,400,000 | – | – | PDF p. 144 |
| Current income tax liabilitiesSingapore dollars | 570,691 | 763,530 | 60,168 | 60,168 | PDF p. 144 |
| SubtotalSingapore dollars | 37,320,820 | 38,549,131 | 7,051,378 | 7,672,094 | PDF p. 144 |
| Non-current liabilities | |||||
| Trade and other payablesSingapore dollars | 15,274,751 | 9,913,777 | – | – | PDF p. 144 |
| BorrowingsSingapore dollars | 24,402,905 | 24,328,597 | – | – | PDF p. 144 |
| Deferred income tax liabilitiesSingapore dollars | 863,372 | 1,104,355 | 9,556 | 10,095 | PDF p. 144 |
| SubtotalSingapore dollars | 40,541,028 | 35,346,729 | 9,556 | 10,095 | PDF p. 144 |
| Total liabilitiesSingapore dollars | 77,861,848 | 73,895,860 | 7,060,934 | 7,682,189 | PDF p. 144 |
| NET ASSETSSingapore dollars | 125,271,826 | 123,183,369 | 48,311,352 | 46,927,460 | PDF p. 144 |
| EQUITY | |||||
| Capital and reserves attributable to equity holders of the Company Share capitalSingapore dollars | 36,832,301 | 36,832,301 | 36,832,301 | 36,832,301 | PDF p. 144 Label p. 144 |
| Treasury sharesSingapore dollars | (234,974) | (234,974) | (234,974) | (234,974) | PDF p. 144 |
| Other reservesSingapore dollars | 3,441,942 | 3,243,331 | – | – | PDF p. 144 |
| Retained profitsSingapore dollars | 81,669,216 | 82,303,100 | 11,714,025 | 10,330,133 | PDF p. 144 |
| SubtotalSingapore dollars | 121,708,485 | 122,143,758 | 48,311,352 | 46,927,460 | PDF p. 144 |
| Non-controlling interestsSingapore dollars | 3,563,341 | 1,039,611 | – | – | PDF p. 144 |
| Total equitySingapore dollars | 125,271,826 | 123,183,369 | 48,311,352 | 46,927,460 | PDF p. 144 |
Original report: PDF p. 144 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Consolidated profit / comprehensive income — FY2021 source | |||
| RevenueSingapore dollars | 90,034,783 | 69,626,956 | PDF p. 145 |
| Cost of salesSingapore dollars | (83,241,349) | (62,250,854) | PDF p. 145 |
| Gross profitSingapore dollars | 6,793,434 | 7,376,102 | PDF p. 145 |
| Other gains, net – Interest income – bank depositsSingapore dollars | 135,660 | 544,307 | PDF p. 145 Label p. 145 |
| – Reversal of impairment loss on financial assetsSingapore dollars | – | 1,227,510 | PDF p. 145 |
| – OthersSingapore dollars | 7,603,962 | 8,931,534 | PDF p. 145 |
| Expenses | |||
| – AdministrativeSingapore dollars | (9,297,656) | (12,117,320) | PDF p. 145 |
| – FinanceSingapore dollars | (1,138,130) | (1,162,659) | PDF p. 145 |
| Share of profit/(loss) of associated companies and joint venturesSingapore dollars | 350,862 | (366,691) | PDF p. 145 |
| Profit before income taxSingapore dollars | 4,448,132 | 4,432,783 | PDF p. 145 |
| Income tax expenseSingapore dollars | (213,389) | (477,501) | PDF p. 145 |
| Net profitSingapore dollars | 4,234,743 | 3,955,282 | PDF p. 145 |
| Items that may be reclassified subsequently to profit or loss: | |||
| – Currency translation differences arising from consolidation 21(b)(ii)Singapore dollars | (400,299) | 404,189 | PDF p. 145 |
| Total comprehensive incomeSingapore dollars | 3,834,444 | 4,359,471 | PDF p. 145 |
| Profit attributable to: Equity holders of the companySingapore dollars | 1,514,867 | 3,292,980 | PDF p. 145 Label p. 145 |
| Non-controlling interestsSingapore dollars | 2,719,876 | 662,302 | PDF p. 145 |
| SubtotalSingapore dollars | 4,234,743 | 3,955,282 | PDF p. 145 |
| Total comprehensive income attributable to: | |||
| Equity holders of the companySingapore dollars | 1,310,714 | 3,499,116 | PDF p. 145 |
| Non-controlling interestsSingapore dollars | 2,523,730 | 860,355 | PDF p. 145 |
| SubtotalSingapore dollars | 3,834,444 | 4,359,471 | PDF p. 145 |
Original report: PDF p. 145 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Earnings per share attributable to equity holders of the Company (cents | |||
| per share) – BasicSingapore cents per share | 0.49 | 1.07 | PDF p. 145 Label p. 145 |
| – DilutedSingapore cents per share | 0.49 | 1.07 | PDF p. 145 |
Original report: PDF p. 145 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Share capital | 2021Group — Treasury shares | 2021Group — Other reserves | 2021Group — Retained profits | 2021Group — Equity attributable to owners | 2021Group — Non-controlling interests | 2021Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2021 | ||||||||
| Beginning of financial yearSingapore dollars | 36,832,301 | (234,974) | 3,243,331 | 82,303,100 | 122,143,758 | 1,039,611 | 123,183,369 | PDF p. 146 |
| Profit for the financial yearSingapore dollars | – | – | – | 1,514,867 | 1,514,867 | 2,719,876 | 4,234,743 | PDF p. 146 |
| Other comprehensive income | ||||||||
| for the financial yearSingapore dollars | – | – | (204,153) | – | (204,153) | (196,146) | (400,299) | PDF p. 146 |
| Total comprehensive income for the financial yearSingapore dollars | – | – | (204,153) | 1,514,867 | 1,310,714 | 2,523,730 | 3,834,444 | PDF p. 146 Label p. 146 |
| Fair value adjustment on interest-free loan 21(b)(iii)Singapore dollars | – | – | 402,764 | – | 402,764 | – | 402,764 | PDF p. 146 Label p. 146 |
| DividendsSingapore dollars | – | – | – | (2,148,751) | (2,148,751) | – | (2,148,751) | PDF p. 146 |
| End of financial yearSingapore dollars | 36,832,301 | (234,974) | 3,441,942 | 81,669,216 | 121,708,485 | 3,563,341 | 125,271,826 | PDF p. 146 |
Original report: PDF p. 146 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group — Share capital | 2020Group — Treasury shares | 2020Group — Other reserves | 2020Group — Retained profits | 2020Group — Equity attributable to owners | 2020Group — Non-controlling interests | 2020Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2020 | ||||||||
| Beginning of financial yearSingapore dollars | 36,832,301 | – | 2,987,070 | 81,163,498 | 120,982,869 | 179,256 | 121,162,125 | PDF p. 146 |
| Profit for the financial yearSingapore dollars | – | – | – | 3,292,980 | 3,292,980 | 662,302 | 3,955,282 | PDF p. 146 |
| Other comprehensive income | ||||||||
| for the financial yearSingapore dollars | – | – | 206,136 | – | 206,136 | 198,053 | 404,189 | PDF p. 146 |
| Total comprehensive income for the financial yearSingapore dollars | – | – | 206,136 | 3,292,980 | 3,499,116 | 860,355 | 4,359,471 | PDF p. 146 Label p. 146 |
| Purchase of treasury sharesSingapore dollars | – | (234,974) | – | – | (234,974) | – | (234,974) | PDF p. 146 |
| Fair value adjustment on interest-free loan 21(b)(iii)Singapore dollars | – | – | 50,125 | – | 50,125 | – | 50,125 | PDF p. 146 Label p. 146 |
| DividendsSingapore dollars | – | – | – | (2,153,378) | (2,153,378) | – | (2,153,378) | PDF p. 146 |
| End of financial yearSingapore dollars | 36,832,301 | (234,974) | 3,243,331 | 82,303,100 | 122,143,758 | 1,039,611 | 123,183,369 | PDF p. 146 |
Original report: PDF p. 146 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net profitSingapore dollars | 4,234,743 | 3,955,282 | PDF p. 147 |
| Adjustments for: | |||
| – Income tax expenseSingapore dollars | 213,389 | 477,501 | PDF p. 147 |
| – Depreciation of property, plant and equipmentSingapore dollars | 4,277,513 | 4,179,281 | PDF p. 147 |
| – Amortisation of intangible assetsSingapore dollars | 26,487 | 30,237 | PDF p. 147 |
| – Net fair value (gain)/loss on investment propertiesSingapore dollars | (4,371,481) | 677,432 | PDF p. 147 |
| – Net gain on disposal of property, plant and equipmentSingapore dollars | (89,552) | (31,382) | PDF p. 147 |
| – Property, plant and equipment written offSingapore dollars | 15,054 | 667 | PDF p. 147 |
| – Reversal of impairment loss on financial assetsSingapore dollars | – | (1,227,510) | PDF p. 147 |
| – Currency exchange losses/(gains)Singapore dollars | 974,619 | (418,253) | PDF p. 147 |
| – Share of (profit)/loss of associated companies and joint venturesSingapore dollars | (350,862) | 366,691 | PDF p. 147 |
| – Interest income – bank depositsSingapore dollars | (135,660) | (544,307) | PDF p. 147 |
| – Interest expenseSingapore dollars | 1,138,130 | 1,162,659 | PDF p. 147 |
| Operating cash flow before working capital changesSingapore dollars | 5,932,380 | 8,628,298 | PDF p. 147 |
| Changes in working capital: | |||
| – InventoriesSingapore dollars | (1,687,339) | – | PDF p. 147 |
| – Trade and other receivablesSingapore dollars | 1,706,412 | (2,592,595) | PDF p. 147 |
| – Contract assetsSingapore dollars | (1,345,123) | 1,427,522 | PDF p. 147 |
| – Contract liabilitiesSingapore dollars | (8,933,714) | 8,933,714 | PDF p. 147 |
| – Trade and other payablesSingapore dollars | 549,385 | 898,014 | PDF p. 147 |
| – ProvisionsSingapore dollars | (1,400,000) | 1,400,000 | PDF p. 147 |
| Cash (used in)/generated from operationsSingapore dollars | (5,177,999) | 18,694,953 | PDF p. 147 |
| – Interest receivedSingapore dollars | 135,660 | 544,307 | PDF p. 147 |
| – Income tax paidSingapore dollars | (949,535) | (545,328) | PDF p. 147 |
| Net cash (used in)/provided by operating activitiesSingapore dollars | (5,991,874) | 18,693,932 | PDF p. 147 |
| Cash flows from investing activities | |||
| – Additions to property, plant and equipmentSingapore dollars | (3,421,092) | (9,767,762) | PDF p. 147 |
| – Additions to investment propertiesSingapore dollars | (24,403,015) | – | PDF p. 147 |
| – Capital reduction in joint venturesSingapore dollars | – | 115,080 | PDF p. 147 |
| – Proceeds from disposal of an associated companySingapore dollars | – | 11,000,000 | PDF p. 147 |
| – Proceeds from disposal of property, plant and equipmentSingapore dollars | 197,318 | 132,925 | PDF p. 147 |
| – Advances to associated companiesSingapore dollars | (3,000,000) | (2,232,500) | PDF p. 147 |
| – Dividends received from joint venturesSingapore dollars | – | 450,000 | PDF p. 147 |
| Net cash used in investing activitiesSingapore dollars | (30,626,789) | (302,257) | PDF p. 147 |
Original report: PDF p. 147 ↗
Where the money comes from
| Item / unit | 2025Construction | 2025Maintenance | 2025Rental income | 2025Unallocated | 2025Total | 2024Construction | 2024Maintenance | 2024Rental income | 2024Unallocated | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Total segment revenue$ | 158,707,996 | 65,576,917 | 3,415,389 | – | 227,700,302 | 135,126,348 | 61,736,214 | 6,062,518 | – | 202,925,080 | PDF p. 181 |
| Inter-segment revenue$ | (4,235,735) | – | – | – | (4,235,735) | (21,173,212) | – | – | – | (21,173,212) | PDF p. 181 |
| Revenue from external parties$ | 154,472,261 | 65,576,917 | 3,415,389 | – | 223,464,567 | 113,953,136 | 61,736,214 | 6,062,518 | – | 181,751,868 | PDF p. 181 |
| Results | |||||||||||
| Gross profit$ | 59,260,581 | 11,342,566 | 1,833,015 | – | 72,436,162 | 35,312,486 | 18,929,967 | 3,938,622 | – | 58,181,075 | PDF p. 181 |
| Other income$ | – | – | (1,212,316) | 2,845,254 | 1,632,938 | – | – | (2,935,973) | 3,444,848 | 508,875 | PDF p. 181 |
| Other gains/ (losses)$ | – | – | – | 198,761 | 198,761 | – | – | – | (1,015,414) | (1,015,414) | PDF p. 181 |
| Administrative expense$ | – | – | (397,382) | (20,156,690) | (20,554,072) | – | – | (556,701) | (17,233,863) | (17,790,564) | PDF p. 181 |
| Finance expense$ | – | – | (1,582,911) | (258,186) | (1,841,097) | – | – | (1,792,915) | (255,674) | (2,048,589) | PDF p. 181 |
| Other items | |||||||||||
| Depreciation of property, plant and equipment$ | 4,262,571 | 1,624,030 | – | 259,821 | 6,146,422 | 4,518,365 | 1,112,860 | – | 503,972 | 6,135,197 | PDF p. 181 |
| Amortisation of intangible assets$ | – | – | – | 11,100 | 11,100 | – | – | – | 2,320 | 2,320 | PDF p. 181 |
| Fair value loss on investment properties$ | – | – | (1,212,316) | – | (1,212,316) | – | – | (2,935,973) | – | (2,935,973) | PDF p. 181 |
| Employee compensation$ | 31,077,815 | 11,262,567 | – | 17,886,732 | 60,227,114 | 29,595,847 | 7,978,726 | – | 14,775,938 | 52,350,511 | PDF p. 181 |
| Purchase of inventories and materials$ | 13,200,512 | 5,280,943 | – | – | 18,481,455 | 15,739,802 | 4,037,017 | – | – | 19,776,819 | PDF p. 181 |
| Subcontractor costs$ | 27,934,321 | 32,011,729 | – | – | 59,946,050 | 14,979,038 | 26,771,141 | – | – | 41,750,179 | PDF p. 181 |
Printed header: 2025 and 2024, each with Construction, Maintenance, Rental income, Unallocated, Total; unit $.
Income tax row: the printed row shows only 8 values (leading dashes for construction/maintenance not clearly aligned); the values were mapped by column position and the quote is as printed. Treat the segment allocation of this row with caution.
| Item / unit | 2025Total | 2024Total | Source |
|---|---|---|---|
| Results | |||
| Share of profit of a joint venture$ | 34 | 1,888 | PDF p. 181 |
| Share of (loss)/profit of associated companies$ | (441,410) | 219,588 | PDF p. 181 |
| Profit before tax$ | 51,431,316 | 38,056,859 | PDF p. 181 |
| Net profit$ | 43,581,275 | 32,769,615 | PDF p. 181 |
These lines are printed only in the total position in the segment table.
| Item / unit | 2025Construction | 2025Maintenance | 2025Rental income | 2025Unallocated | 2025Total | 2024Construction | 2024Maintenance | 2024Rental income | 2024Unallocated | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Segment assets$ | 41,436,780 | 15,211,026 | 86,502,766 | – | 143,150,572 | 30,469,188 | 11,511,888 | 85,149,155 | – | 127,130,231 | PDF p. 181 |
| Capital expenditure | |||||||||||
| Additions to: – Property, plant and equipment$ | – | 252,585 | – | 3,695,154 | 3,947,739 | 446,095 | 203,989 | – | 7,429,015 | 8,079,099 | PDF p. 181 |
| Additions to: – Investment properties$ | – | – | 986,311 | – | 986,311 | – | – | 806,103 | – | 806,103 | PDF p. 181 |
| Liabilities | |||||||||||
| Segment liabilities$ | 30,052,436 | 16,028,829 | 33,635,179 | – | 79,716,444 | 33,203,620 | 11,890,235 | 32,578,179 | – | 77,672,034 | PDF p. 181 |
Header columns as printed on the same page (2025 and 2024; Construction, Maintenance, Rental income, Unallocated, Total; $).
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Segment assets | |||
| Segment assets for reportable segments$ | 143,150,572 | 127,130,231 | PDF p. 182 |
| Unallocated | |||
| – Cash and cash equivalents$ | 158,342,657 | 127,382,283 | PDF p. 182 |
| – Deposits, prepayments, and other receivables$ | 3,017,945 | 2,649,989 | PDF p. 182 |
| – Intangible assets$ | 166,500 | – | PDF p. 182 |
| – Loans to associated companies and a joint venture$ | 3,417,063 | 3,075,250 | PDF p. 182 |
| – Investments in associated companies and a joint venture$ | 3,525,935 | 5,546,623 | PDF p. 182 |
| – Property, plant and equipment$ | 38,482,108 | 41,172,376 | PDF p. 182 |
| – Other investments at amortised cost$ | – | 2,005,108 | PDF p. 182 |
| Unallocated subtotal (unlabelled)$ | 206,952,208 | 181,831,629 | PDF p. 182 |
| Total | |||
| Total assets (unlabelled)$ | 350,102,780 | 308,961,860 | PDF p. 182 |
Subtotal and total rows are unlabelled in the source.
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Segment liabilities | |||
| Segment liabilities for reportable segments$ | 79,716,444 | 77,672,034 | PDF p. 182 |
| Unallocated | |||
| – Other payables$ | 14,164,823 | 11,966,593 | PDF p. 182 |
| – Current income tax liabilities$ | 9,056,198 | 6,299,861 | PDF p. 182 |
| – Deferred income tax liabilities$ | 2,329,011 | 2,239,545 | PDF p. 182 |
| – Borrowings$ | 5,418,594 | 7,715,539 | PDF p. 182 |
| Unallocated subtotal (unlabelled)$ | 30,968,626 | 28,221,538 | PDF p. 182 |
| Total | |||
| Total liabilities (unlabelled)$ | 110,685,070 | 105,893,572 | PDF p. 182 |
Subtotal and total rows are unlabelled in the source.
| Item / unit | 2025Singapore | 2025Australia | 2025Total | 2024Singapore | 2024Australia | 2024Total | Source |
|---|---|---|---|---|---|---|---|
| Segment revenue$ | 220,736,206 | 2,728,361 | 223,464,567 | 176,501,518 | 5,250,350 | 181,751,868 | PDF p. 183 |
| Segment non- current assets$ | 79,661,482 | 35,725,538 | 115,387,020 | 99,909,242 | 35,181,038 | 135,090,280 | PDF p. 183 |
| Segment assets$ | 313,680,496 | 36,422,284 | 350,102,780 | 272,982,258 | 35,979,602 | 308,961,860 | PDF p. 183 |
Segment revenue is based on the geographical location where revenue is generated; non-current assets and assets are based on the location of the assets.
Same basis as the 2025 geographical table.
Debt
| Item / unit | 2025Less than 1 year, $ | 2025Between 1 and 2 years, $ | 2025Between 2 and 5 years, $ | 2025Total, $ | Source |
|---|---|---|---|---|---|
| Group 2025 | |||||
| Borrowings$ | 24,731,529 | 1,800,534 | 1,151,853 | 27,683,916 | PDF p. 178 |
| Group 2024 | |||||
| Borrowings$ | 13,423,754 | 4,875,652 | 15,329,772 | 33,629,178 | PDF p. 178 |
Second row is the 2024 comparative with the same column headings.
| Item / unit | 2025Group, $ | 2024Group, $ | 2025Company, $ | 2024Company, $ | Source |
|---|---|---|---|---|---|
| Current | |||||
| Lease liabilities (Note 14)$ | 3,013,710 | 3,281,738 | 6,057 | 1,831 | PDF p. 159 |
| Bank loans$ | 20,942,499 | 8,742,668 | – | – | PDF p. 159 |
| Total current borrowings$ | 23,956,209 | 12,024,406 | 6,057 | 1,831 | PDF p. 159 |
| Non-current | |||||
| Lease liabilities (Note 14)$ | 2,768,674 | 4,888,630 | 17,343 | 5,355 | PDF p. 159 |
| Bank loans$ | – | 13,269,778 | – | – | PDF p. 159 |
| Total non-current borrowings$ | 2,768,674 | 18,158,408 | 17,343 | 5,355 | PDF p. 159 |
Total rows have no printed label; label descriptive. Bank loans secured by first legal mortgage over investment properties, certain bank deposits, corporate guarantees of the Company and charge over shares of a subsidiary corporation; lease liabilities of $4,233,259 (2024: $6,359,826) secured over leased assets. The effective interest rates for bank loans ranged from 2.14% to 6.15% per annum (2024: 4.27% to 6.45% per annum). RPC loan of $11,664,720 reclassified as current due to DSCR below 1.2 covenant; waiver granted 23 February 2026.
| Item / unit | 2025Group, $ | 2024Group, $ | 2025Company, $ | 2024Company, $ | Source |
|---|---|---|---|---|---|
| Contractual repricing dates | |||||
| Less than 1 year$ | 20,942,499 | 8,742,667 | – | – | PDF p. 159 |
| 1 - 5 years$ | – | 13,269,779 | – | – | PDF p. 159 |
| Total repricing exposure$ | 20,942,499 | 22,012,446 | – | – | PDF p. 159 |
Total row has no printed label.
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Fair value of non-current borrowings | |||
| Bank loans$ | – | 10,870,874 | PDF p. 160 |
The fair values of the non-current finance lease liabilities approximate their carrying amounts.
| Item / unit | 20251 January opening | 2025principal and interest payments | 2025additions during the year | 2025interest expense | 2025foreign exchange movement | 202531 December closing | Source |
|---|---|---|---|---|---|---|---|
| 2025 | |||||||
| Lease liabilities$ | 8,170,368 | (4,030,584) | 1,384,415 | 258,185 | – | 5,782,384 | PDF p. 161 |
| Bank loans$ | 22,012,446 | (2,255,559) | – | 1,011,378 | 174,234 | 20,942,499 | PDF p. 161 |
| 2024 (opening 1 January 2024 to closing 31 December 2024) | |||||||
| Lease liabilities$ | 7,931,497 | (4,109,224) | 4,092,422 | 255,673 | – | 8,170,368 | PDF p. 161 |
| Bank loans$ | 24,059,679 | (2,599,431) | – | 1,317,704 | (765,506) | 22,012,446 | PDF p. 161 |
Columns are the printed Non-cash changes headings; 2024 rows are the prior-year reconciliation.
| Item / unit | 2025SGD $ | 2025USD $ | 2025AUD $ | 2025Total $ | Source |
|---|---|---|---|---|---|
| 2025 Financial liabilities | |||||
| Borrowings$ | 15,060,162 | – | 11,664,721 | 26,724,883 | PDF p. 171 |
Columns are SGD, USD, AUD, Total for 2025.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| final one-tier tax exempt dividend | 0.007 $ per share | FY2025 proposed final ordinary dividend, one-tier tax exempt, for approval at AGM 28 April 2026 | PDF p. 202 |
| special one-tier tax exempt dividend | $0.013 | FY2025 proposed special dividend, one-tier tax exempt | PDF p. 202 |
| final one-tier tax exempt dividend | $0.01 | FY2024 final ordinary dividend (comparative), one-tier tax exempt | PDF p. 202 |
| special one-tier tax exempt dividend | $0.015 | FY2024 special dividend (comparative), one-tier tax exempt | PDF p. 202 |
| Total gross dividend per share (cents) (DPS) | 2.02 cents per share | FY2025 (2025 column); comparatives 2024: 2.5 | PDF p. 39 |
| Total gross dividend (in quantum) | 10,7442 $'000 | FY2025 (2025 column); comparative 2024: 7,674 | PDF p. 39 |
| Final one-tier tax exempt dividend paid in respect of the previous financial year | 3,069,616 $ | Group and Company; paid in 2025 in respect of FY2024 at $0.010 per share (2024 comparative: $0.007 per share, 2,148,731) | PDF p. 170 |
| Dividends (Note 33) recommended at AGM | $10,743,651 | Group and Company; proposed for FY2025 at AGM on 28 April 2026 | PDF p. 170 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Gross dividend payout (%) (DPS/Basic EPS) | 13.9% | FY2025 (2025 column); comparative 2024: 22.8% | PDF p. 39 |
| Gross dividend yield (%) based on year end share price | 2.7%3 | FY2025; comparative 2024: 7.7% | PDF p. 39 |
Extracted from OKP HOLDINGS LIMITED | Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | CLA Global TS Public Accounting Corporation | Group and Company, FY2025 | PDF p. 113 |
| Engagement director | Teh Yeu Horng | Group and Company, FY2025 | PDF p. 113 |
| Opinion | In our opinion, the accompanying consolidated financial statements of the Group and the balance sheet of the Company are properly drawn up in accordance with the provisions of the Singapore Companies Act 1967 | Group and Company, FY2025 | PDF p. 108 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Revenue from contracts with customers | At contract inception, the Group assesses whether the contract relates to construction and maintenance work under the control of the customer and therefore creates or enhances an asset under the customer’s control. | Group, FY2025 | PDF p. 108 |
| Valuation of investment properties | The investment properties are located in Australia and Singapore, and are measured at fair values. | Group, FY2025 | PDF p. 110 |
| Expected credit loss (“ECL”) of loan to an associated company | The loan is for the purpose of operating and development activities of the associated company. | Group, FY2025 | PDF p. 111 |
Extracted from OKP HOLDINGS LIMITED | 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 OKP HOLDINGS LIMITED | Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
The source prints consolidated income/comprehensive income, equity and cash flows and Group/Company balance sheets. Separate Company income/comprehensive-income/equity/cash-flow primary statements are not printed. The primary monetary unit isSingapore dollars, not dollar thousands; EPS retainsSingapore cents per share.
The originalFY2025 cash-opening line contains a100million bridge discrepancy and a malformed comparative token. These source defects are preserved and explicitly disclosed; extraction completeness is not a claim that every printed figure is interpretable or arithmetically consistent.
The originalFY2024 equity comparative is separately retained to corroborate the originalFY2023 closing non-controlling-interest discrepancy.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.