Asiatic 5CR
Financials
Annual Report 2026
Explore the statements
8 tablesStatements of Financial Position (Group and Company) as at 31 March 2026
36 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, $'000 | 2025Group, $'000 | 2026Company, $'000 | 2025Company, $'000 | Source |
|---|---|---|---|---|---|
| Assets - Non-Current | |||||
| Property, plant and equipment$'000 | 3,316 | 34,364 | – | 2 | PDF p. 76 |
| Investment in subsidiaries$'000 | – | – | 11,687 | 27,697 | PDF p. 76 |
| Right-of-use assets$'000 | 1,856 | 2,018 | – | – | PDF p. 76 |
| Deferred tax assets$'000 | – | 296 | – | – | PDF p. 76 |
| Other investments$'000 | 161 | 161 | – | – | PDF p. 76 |
| Subtotal$'000 | 5,333 | 36,839 | 11,687 | 27,699 | PDF p. 76 |
| Assets - Current | |||||
| Inventories$'000 | 3,989 | 4,825 | – | – | PDF p. 76 |
| Trade receivables$'000 | 4,156 | 5,918 | – | – | PDF p. 76 |
| Other receivables$'000 | 476 | 645 | – | – | PDF p. 76 |
| Contract assets$'000 | 446 | 169 | – | – | PDF p. 76 |
| Prepayments$'000 | 428 | 287 | 69 | 35 | PDF p. 76 |
| Cash and short-term deposits$'000 | 385 | 6,521 | 179 | 68 | PDF p. 76 |
| Subtotal$'000 | 9,880 | 18,365 | 248 | 103 | PDF p. 76 |
| Asset held for sale$'000 | 7,320 | – | – | – | PDF p. 76 |
| Subtotal$'000 | 17,200 | 18,365 | 248 | 103 | PDF p. 76 |
| Assets | |||||
| Total assets$'000 | 22,533 | 55,204 | 11,935 | 27,802 | PDF p. 76 |
| Equity | |||||
| Share capital$'000 | 54,815 | 54,815 | 54,815 | 54,815 | PDF p. 76 |
| Accumulated losses$'000 | (66,127) | (36,424) | (59,117) | (40,449) | PDF p. 76 |
| Foreign currency translation reserve$'000 | 642 | 1,175 | – | – | PDF p. 76 |
| Equity attributable to equity holders of the Company$'000 | (10,670) | 19,566 | (4,302) | 14,366 | PDF p. 76 |
| Non-controlling interests$'000 | 5,534 | 6,177 | – | – | PDF p. 76 |
| Total equity$'000 | (5,136) | 25,743 | (4,302) | 14,366 | PDF p. 76 |
| Liabilities - Non-Current | |||||
| Lease liabilities$'000 | 1,929 | 1,911 | – | – | PDF p. 76 |
| Deferred tax liabilities$'000 | 298 | 298 | – | – | PDF p. 76 |
| Subtotal$'000 | 2,227 | 2,209 | – | – | PDF p. 76 |
| Liabilities - Current | |||||
| Trade payables$'000 | 3,962 | 4,785 | – | – | PDF p. 76 |
| Other payables and accruals$'000 | 4,268 | 5,576 | 351 | 485 | PDF p. 76 |
| Amount due to a subsidiary$'000 | – | – | 15,867 | 12,936 | PDF p. 76 |
| Loans and borrowings$'000 | 13,483 | 15,727 | – | – | PDF p. 76 |
| Lease liabilities$'000 | 133 | 228 | – | – | PDF p. 76 |
| Income tax payables$'000 | 277 | 936 | 19 | 15 | PDF p. 76 |
| Subtotal$'000 | 22,123 | 27,252 | 16,237 | 13,436 | PDF p. 76 |
| Liability held for sale$'000 | 3,319 | – | – | – | PDF p. 76 |
| Subtotal$'000 | 25,442 | 27,252 | 16,237 | 13,436 | PDF p. 76 |
| Liabilities | |||||
| Total liabilities$'000 | 27,669 | 29,461 | 16,237 | 13,436 | PDF p. 76 |
| Equity and Liabilities | |||||
| Total equity and liabilities$'000 | 22,533 | 55,204 | 11,935 | 27,802 | PDF p. 76 |
Definitions & sources
Original report: PDF p. 76 ↗
Annexed notes form an integral part of these financial statements. Equity attributable to equity holders of the Company is negative for 2026 (printed in parentheses).
Consolidated Statement of Profit or Loss (Group) for the financial year ended 31 March 2026
24 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 31 March 2026, $'000 | 2025Group, year ended 31 March 2025 (Re-presented) (Note 32), $'000 | Source |
|---|---|---|---|
| Continuing operations - Revenue | |||
| Sale of goods$'000 | 16,194 | 17,803 | PDF p. 77 |
| Services rendered$'000 | 4,856 | 4,214 | PDF p. 77 |
| Subtotal$'000 | 21,050 | 22,017 | PDF p. 77 |
| Continuing operations | |||
| Other income$'000 | 63 | 1,259 | PDF p. 77 |
| Costs and expenses | |||
| Cost of sales$'000 | (10,950) | (10,839) | PDF p. 77 |
| Foreign exchange loss$'000 | (300) | (82) | PDF p. 77 |
| Staff costs$'000 | (6,158) | (6,132) | PDF p. 77 |
| Depreciation of property, plant and equipment$'000 | (448) | (453) | PDF p. 77 |
| Depreciation of right-of-use assets$'000 | (296) | (278) | PDF p. 77 |
| Impairment of goodwill$'000 | – | (175) | PDF p. 77 |
| Reversal of/(impairment of) financial assets, net$'000 | 2 | (14) | PDF p. 77 |
| Other operating expenses$'000 | (2,535) | (2,383) | PDF p. 77 |
| Finance costs$'000 | (753) | (1,043) | PDF p. 77 |
| Continuing operations | |||
| (Loss)/profit before taxation from continuing operations$'000 | (325) | 1,877 | PDF p. 77 |
| Taxation$'000 | 55 | (72) | PDF p. 77 |
| (Loss)/profit for the year from continuing operations$'000 | (270) | 1,805 | PDF p. 77 |
| Discontinued operations | |||
| (Loss)/profit for the year from discontinued operations$'000 | (29,670) | 127 | PDF p. 77 |
| (Loss)/profit for the year$'000 | (29,940) | 1,932 | PDF p. 77 |
| Attributable to Owners of the Company | |||
| - Continuing operations$'000 | (220) | 1,859 | PDF p. 77 |
| - Discontinued operations$'000 | (29,483) | 118 | PDF p. 77 |
| Subtotal$'000 | (29,703) | 1,977 | PDF p. 77 |
| Attributable to Non-controlling interests | |||
| - Continuing operations$'000 | (37) | (38) | PDF p. 77 |
| - Discontinued operations$'000 | (200) | (7) | PDF p. 77 |
| Subtotal$'000 | (29,940) | 1,932 | PDF p. 77 |
Definitions & sources
Original report: PDF p. 77 ↗
The 2025 comparatives are re-presented (Note 32). No separate Company income statement was presented in the pages read. The row 'Revenue' total has the note reference 28A printed in place of a label.
Consolidated Statement of Other Comprehensive Income (Group) and Earnings per share, year ended 31 March 2026
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 31 March 2026, $'000 (EPS in cents per share as printed row values) | 2025Group, year ended 31 March 2025 (Re-presented) (Note 32), $'000 | Source |
|---|---|---|---|
| Other comprehensive (loss)/income - Items that will be reclassified subsequently to profit or loss | |||
| Foreign currency translation arising from foreign operations$'000 | (533) | (146) | PDF p. 78 |
| Other comprehensive (loss)/income - Items that will not be reclassified subsequently to profit or loss | |||
| Foreign currency translation arising from foreign operations attributable to non-controlling interests$'000 | (406) | (76) | PDF p. 78 |
| Other comprehensive (loss)/income | |||
| Other comprehensive loss for the year, net of tax$'000 | (939) | (222) | PDF p. 78 |
| Total comprehensive (loss)/income for the year$'000 | (30,879) | 1,710 | PDF p. 78 |
| Total comprehensive (loss)/income attributable to Owners of the Company | |||
| - Continuing operations$'000 | (342) | 1,790 | PDF p. 78 |
| - Discontinued operations$'000 | (29,894) | 41 | PDF p. 78 |
| Subtotal$'000 | (30,236) | 1,831 | PDF p. 78 |
| Total comprehensive (loss)/income attributable to Non-controlling interests | |||
| - Continuing operations$'000 | (293) | (86) | PDF p. 78 |
| - Discontinued operations$'000 | (350) | (35) | PDF p. 78 |
| Subtotal$'000 | (30,879) | 1,710 | PDF p. 78 |
| Earnings per share (Basic and diluted) | |||
| - From continuing and discontinued operationsper share | (0.92) | 0.06 | PDF p. 78 |
| - From continuing operationsper share | (0.01) | 0.06 | PDF p. 78 |
| - From discontinued operationsper share | (0.91) | 0.00 | PDF p. 78 |
Definitions & sources
Original report: PDF p. 78 ↗
EPS is Basic and diluted; the EPS unit is not printed on the page read (per share), so unit given as 'per share'. No separate Company comprehensive income statement was presented.
Consolidated Statement of Other Comprehensive Income (Group)
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 31 March 2026, $'000 | 2025Group, year ended 31 March 2025, $'000 (Re-presented) (Note 32) | Source |
|---|---|---|---|
| Items that will be reclassified subsequently to profit or loss | |||
| Foreign currency translation arising from foreign operations$'000 | (533) | (146) | PDF p. 78 |
| Items that will not be reclassified subsequently to profit or loss | |||
| Foreign currency translation arising from foreign operations attributable to non-controlling interests$'000 | (406) | (76) | PDF p. 78 |
| Other comprehensive (loss)/income | |||
| Other comprehensive loss for the year, net of tax$'000 | (939) | (222) | PDF p. 78 |
| Total | |||
| Total comprehensive (loss)/income for the year$'000 | (30,879) | 1,710 | PDF p. 78 |
| Total comprehensive income attributable to Owners of the Company | |||
| - Continuing operations$'000 | (342) | 1,790 | PDF p. 78 |
| - Discontinued operations$'000 | (29,894) | 41 | PDF p. 78 |
| Owners of the Company total$'000 | (30,236) | 1,831 | PDF p. 78 |
| Total comprehensive income attributable to Non-controlling interests | |||
| - Continuing operations$'000 | (293) | (86) | PDF p. 78 |
| - Discontinued operations$'000 | (350) | (35) | PDF p. 78 |
| Non-controlling interests total$'000 | (30,879) | 1,710 | PDF p. 78 |
Definitions & sources
Original report: PDF p. 78 ↗
Printed as a separate statement following the Consolidated Statement of Profit or Loss. Unlabelled subtotal rows are labelled by the extractor. Earnings per share rows on the same page are not extracted.
Statement of Changes in Equity (Company)
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Company, Share capital, $'000 | 2026Company, Accumulated losses, $'000 | 2026Company, Total equity, $'000 | Source |
|---|---|---|---|---|
| FY2025 | ||||
| Balance at 1 April 2024$'000 | 54,815 | (40,562) | 14,253 | PDF p. 80 |
| Profit for the year, representing total comprehensive income for the year$'000 | – | 113 | 113 | PDF p. 80 |
| FY2025 closing / FY2026 opening | ||||
| Balance at 31 March and 1 April 2025$'000 | 54,815 | (40,449) | 14,366 | PDF p. 80 |
| FY2026 | ||||
| Loss for the year, representing total comprehensive income for the year$'000 | – | (18,668) | (18,668) | PDF p. 80 |
| FY2026 closing | ||||
| Balance at 31 March 2026$'000 | 54,815 | (59,117) | (4,302) | PDF p. 80 |
Definitions & sources
Original report: PDF p. 80 ↗
Table spans FY2025 and FY2026 movements.
Consolidated Statement of Cash Flows (Group)
39 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 31 March 2026, $'000 | 2025Group, year ended 31 March 2025, $'000 (Re-presented) (Note 32) | Source |
|---|---|---|---|
| Operating: (Loss)/profit before taxation | |||
| - Continuing operations$'000 | (325) | 1,877 | PDF p. 81 |
| - Discontinued operations$'000 | (29,424) | 385 | PDF p. 81 |
| (Loss)/profit before taxation total$'000 | (29,749) | 2,262 | PDF p. 81 |
| Operating: Adjustments for | |||
| Depreciation of property, plant and equipment$'000 | 1,650 | 1,765 | PDF p. 81 |
| Depreciation of right-of-use assets$'000 | 296 | 278 | PDF p. 81 |
| Interest expense$'000 | 753 | 1,043 | PDF p. 81 |
| Impairment of property, plant and equipment$'000 | 1,247 | 868 | PDF p. 81 |
| Impairment of goodwill$'000 | – | 175 | PDF p. 81 |
| (Reversal of impairment)/impairment of financial assets$'000 | (2) | 14 | PDF p. 81 |
| Gain on disposal of property, plant and equipment$'000 | (11) | (5) | PDF p. 81 |
| Write off of trade and other payables$'000 | – | (1,116) | PDF p. 81 |
| Provision/(write back) of stock obsolescence, net$'000 | 39 | (5) | PDF p. 81 |
| Currency alignment$'000 | (16) | 13 | PDF p. 81 |
| Operating: Discontinued operations | |||
| - Impairment loss recognised on remeasurement to fair value less costs to sell$'000 | 29,063 | – | PDF p. 81 |
| - Interest income$'000 | (58) | (107) | PDF p. 81 |
| Operating | |||
| Operating profit before working capital changes$'000 | 3,212 | 5,185 | PDF p. 81 |
| Decrease/(increase) in inventories$'000 | 688 | (1,119) | PDF p. 81 |
| (Increase)/decrease in trade and other receivables$'000 | (1,042) | 1,231 | PDF p. 81 |
| Increase in trade and other payables$'000 | 1,465 | 215 | PDF p. 81 |
| Cash generated from operations$'000 | 4,323 | 5,512 | PDF p. 81 |
| Interest received$'000 | 58 | 107 | PDF p. 81 |
| Income taxes paid$'000 | (738) | (369) | PDF p. 81 |
| Net cash generated from operating activities$'000 | 3,643 | 5,250 | PDF p. 81 |
| Investing | |||
| Purchases of property, plant and equipment$'000 | (45) | (347) | PDF p. 81 |
| Purchase of right-of-use assets$'000 | (16) | (13) | PDF p. 81 |
| Proceeds from sale of property, plant and equipment$'000 | 15 | – | PDF p. 81 |
| Payment of financial guarantee provided to a former associate company$'000 | – | (1,452) | PDF p. 81 |
| Net cash used in investing activities$'000 | (46) | (1,812) | PDF p. 81 |
| Financing | |||
| Repayment of term loans$'000 | (2,410) | (432) | PDF p. 81 |
| Drawdown of trust receipts$'000 | 174 | 1,153 | PDF p. 81 |
| Redemption of non-convertible bonds$'000 | (50) | – | PDF p. 81 |
| Repayment of principal portion of lease liabilities$'000 | (262) | (240) | PDF p. 81 |
| Repayment of advance from related parties$'000 | (180) | (50) | PDF p. 81 |
| Interest paid$'000 | (753) | (1,043) | PDF p. 81 |
| Net cash used in financing activities$'000 | (3,481) | (612) | PDF p. 81 |
| Cash and cash equivalents | |||
| Net increase in cash and cash equivalents$'000 | 116 | 2,826 | PDF p. 81 |
| Effect of exchange rate changes on cash and cash equivalents$'000 | 93 | 26 | PDF p. 81 |
| Cash and cash equivalents at beginning of year$'000 | 5,782 | 2,930 | PDF p. 81 |
| Cash and cash equivalents at end of year$'000 | 5,991 | 5,782 | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
Notes A (reconciliation of liabilities from financing activities) and B (right-of-use asset additions) are on page 82; the reconciliation table is not extracted because its OCR columns are merged. Note B: additions of right-of-use assets were $201,000 (2025 - $631,000). No separate Company cash flow statement is presented.
Earnings per share (basic and diluted), Group
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 31 March 2026 | 2025Group, year ended 31 March 2025 (Re-presented) | Source |
|---|---|---|---|
| Earnings per share (Basic and diluted) | |||
| - From continuing and discontinued operationsper share (unit not printed) | (0.92) | 0.06 | PDF p. 78 |
| - From continuing operationsper share (unit not printed) | (0.01) | 0.06 | PDF p. 78 |
| - From discontinued operationsper share (unit not printed) | (0.91) | 0.00 | PDF p. 78 |
Definitions & sources
Original report: PDF p. 78 ↗
Basic and diluted EPS are identical; no dilutive potential ordinary shares as at 31 March 2026 and 2025. Basic EPS = profit net of tax attributable to owners of the Company divided by weighted average number of ordinary shares outstanding.
Note 24 EPS computation data, Group
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 31 March 2026 | 2025Group, year ended 31 March 2025 | Source |
|---|---|---|---|
| 24 Earnings per share | |||
| (Loss)/profit for the year attributable to owners of the Company$'000 | (29,703) | 1,977 | PDF p. 116 |
| 24 Earnings per share (Cont’d) | |||
| Weighted average number of ordinary shares for basic and diluted earnings per share computation*:'000 shares | 3,233,423 | 3,233,423 | PDF p. 117 |
Definitions & sources
Original report: PDF p. 116 ↗ PDF p. 117 ↗
* The weighted average number of shares takes into account the weighted average effect of potential common shares that may be converted during the year.
Where the money comes from
Segment information
By business
Note C: Items deducted from segment profit to arrive at profit before tax 3 lines
| Item / unit | 2026The Group | 2025The Group | Source |
|---|---|---|---|
| Reconciliation of segment profit | |||
| Finance costs$'000 | (753) | (1,043) | PDF p. 121 |
| Elimination of discontinued operations$'000 | 29,424 | (385) | PDF p. 121 |
| Reconciliation of segment profit (total) | |||
| Subtotal$'000 | 28,671 | (1,428) | PDF p. 121 |
Notes
The following items are deducted from segment profit to arrive at “profit before tax” in the consolidated income statement. Total row has no printed label.
Note D: Items added to/(deducted from) segment assets to arrive at total assets 4 lines
| Item / unit | 2026The Group | 2025The Group | Source |
|---|---|---|---|
| Reconciliation of segment assets | |||
| Inter-segment assets$'000 | (35,678) | (20,975) | PDF p. 121 |
| Deferred tax assets$'000 | – | 296 | PDF p. 121 |
| Unallocated assets$'000 | 248 | 105 | PDF p. 121 |
| Reconciliation of segment assets (total) | |||
| Subtotal$'000 | (35,430) | (20,574) | PDF p. 121 |
Notes
Items added to/(deducted from) segment assets to arrive at total assets reported in the consolidated balance sheet. Total row has no printed label.
Note E: Items added to/(deducted from) segment liabilities to arrive at total liabilities 5 lines
| Item / unit | 2026The Group | 2025The Group | Source |
|---|---|---|---|
| Reconciliation of segment liabilities | |||
| Inter-segment liabilities$'000 | (52,203) | (48,946) | PDF p. 121 |
| Income tax payables$'000 | 277 | 936 | PDF p. 121 |
| Unallocated liabilities$'000 | 350 | 485 | PDF p. 121 |
| Deferred tax liabilities$'000 | 298 | 298 | PDF p. 121 |
| Reconciliation of segment liabilities (total) | |||
| Subtotal$'000 | (51,278) | (47,227) | PDF p. 121 |
Notes
Items added to/(deducted from) segment liabilities to arrive at total liabilities reported in the consolidated balance sheet. Total row has no printed label.
By geography
Geographical information 2026 (Revenue and non-current assets, S$'000, Re-presented) 2 lines
| Item / unit | 2026Singapore | 2026Cambodia | 2026Other countries | 2026Elimination (Discontinued operations) | 2026Total (Re-presented) | Source |
|---|---|---|---|---|---|---|
| Geographical information | ||||||
| 2026 Revenues$'000 | 18,120 | 22,124 | 2,930 | (22,124) | 21,050 | PDF p. 121 |
| Non-current assets$'000 | 5,333 | – | – | – | 5,333 | PDF p. 121 |
Notes
Revenue and non-current assets information based on the geographical location of customers and assets, respectively.
Non–current assets information presented above consist of property, plant and equipment, right-of-use assets, and other investments and excluded deferred tax assets.
Geographical information 2025 (Revenue and non-current assets, S$'000, Re-presented) 2 lines
| Item / unit | 2025Singapore | 2025Cambodia | 2025Other countries | 2025Elimination (Discontinued operations) | 2025Total (Re-presented) | Source |
|---|---|---|---|---|---|---|
| Geographical information | ||||||
| 2025 Revenues$'000 | 19,925 | 21,394 | 2,092 | (21,394) | 22,017 | PDF p. 121 |
| Non-current assets$'000 | 7,621 | 28,922 | – | – | 36,543 | PDF p. 121 |
Notes
Non–current assets information presented above consist of property, plant and equipment, right-of-use assets, and other investments and excluded deferred tax assets.
Debt
Borrowings
Group contractual undiscounted maturity profile, 31 March
| Item / unit | 2026Less than 1 year, $'000, 31 March 2026 | 2026Between 2 and 5 years, $'000, 31 March 2026 | 2026Over 5 years, $'000, 31 March 2026 | 2026Total, $'000, 31 March 2026 | 2025Less than 1 year, $'000, 31 March 2025 | 2025Between 2 and 5 years, $'000, 31 March 2025 | 2025Over 5 years, $'000, 31 March 2025 | 2025Total, $'000, 31 March 2025 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Financial liabilities, 31 March | |||||||||
| Loans and borrowings$'000 | 14,230 | – | – | 14,230 | 16,795 | – | – | 16,795 | PDF p. 126 |
| Lease liabilities$'000 | 241 | 551 | 3,248 | 4,040 | 333 | 532 | 3,335 | 4,200 | PDF p. 126 |
Notes
Maturity profile of financial liabilities based on contractual undiscounted repayment obligations.
Borrowing notes 1 tables
Loans and borrowings
| Item / unit | 2026$'000, as at 31 March 2026 | 2025$'000, as at 31 March 2025 | Source |
|---|---|---|---|
| Current | |||
| Bank overdrafts (Note 9)$'000 | 781 | 739 | PDF p. 110 |
| Term loans from banks$'000 | 10,838 | 13,248 | PDF p. 110 |
| Trust receipts$'000 | 1,584 | 1,410 | PDF p. 110 |
| Current subtotal (bank overdrafts, term loans, trust receipts)$'000 | 13,203 | 15,397 | PDF p. 110 |
| Non-convertible bonds | |||
| - Guaranteed bonds$'000 | 150 | 200 | PDF p. 110 |
| - Non-guaranteed bonds$'000 | 130 | 130 | PDF p. 110 |
| Total | |||
| Total loans and borrowings$'000 | 13,483 | 15,727 | PDF p. 110 |
Notes
All of the Group's loans and borrowings are denominated in SGD.
Bank overdrafts bear interest at 5.75% to 6.75% (2025 - 5.75% to 6.75%) per annum, repayable on demand, secured by corporate guarantee provided by the Company.
Term loans from banks bear interest ranging from 3.94% to 5.83% (2025 - 4.24% to 6.63%) per annum and are secured by corporate guarantee provided by the Company. Included in term loans is an amount of $10,838,000 (2025 - $8,314,000) secured by first fixed charge over certain property, plant and equipment (Note 3).
Trust receipts bear interest ranging from 2.80% to 3.01% (2025 - 4.09% to 4.67%) per annum, secured by corporate guarantee provided by the Company.
Guaranteed and non-guaranteed bonds bear interest at 10% (2025 - 10%) per annum, payable semi-annually in arrears; guaranteed bonds are guaranteed by the Company and subsidiary of the Group.
Group breached a financial covenant (loans to related parties not to exceed $13,600,000); non-current portion of $1,330,000 (2025 - $3,654,000) reclassified to current. Breach unremedied at 31 March 2026.
Subsequent to reporting date, on 29 April 2026 a subsidiary (AFS) entered a Supplementary Facility Letter with UOB; remaining amounts owing to be paid by 31 December 2026. Bond maturities were extended after year end.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company does not have a fixed dividend policy. Dividend decisions are subject to review of the Group’s financial performance, projected future capital needs and working capital requirements. The Company will communicate any dividend pay-outs to shareholders via announcements released on SGXNet. | Company | PDF p. 57 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| No dividend recommended for FY2026 | No dividend has been recommended for FY2026 as the Group is currently in a negative revenue reserve position and the Board of Directors deems it appropriate to conserve funds for the Group’s business activities and working capital requirements. | FY2026 | PDF p. 57 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | Foo Kon Tan LLP | Group and Company, FY ended 31 March 2026 | PDF p. 75 |
| Engagement partner | Ho Teik Tiong | Group and Company, FY ended 31 March 2026 | PDF p. 75 |
| Disclaimer of Opinion | We do not express an opinion on the accompanying financial statements. | Group and Company, FY ended 31 March 2026 | PDF p. 73 |
| Potential loss of control of the Company’s subsidiary, Colben Energy (Cambodia) PPSEZ Ltd (Note 2(b)(i)(b) and Note 27(b)) | we are unable to ascertain and determine if the Company continues to have control over CEZ, and accordingly, whether CEZ is appropriately classified as a subsidiary and consolidated as part of the Group. | Group, FY ended 31 March 2026 | PDF p. 73 |
| The use of going concern as a basis of accounting (Note 2(b)(i)(a) - Going concern) | We were unable to obtain sufficient appropriate audit evidence to ascertain whether the use of the going concern basis of accounting is appropriate | Group and Company, FY ended 31 March 2026 | PDF p. 74 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Material uncertainty related to going concern | The above event or conditions indicate the existence of material uncertainties which may cast significant doubt on the ability of the Group and of the Company to continue as going concern. | Group and Company, as at 31 March 2026 · As at 2026-03-31 | PDF p. 74 |
| Going concern (Note 2(b)(i)(a)) | exceeded the Group’s current assets by $8,242,000 (2025 - $8,887,000) | Group, as at 31 March 2026 (2025 comparative) · As at 2026-03-31 | PDF p. 83 |
Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.