EcoWise 5CT

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Financials

ecoWise Holdings Limited - Annual Report 2026

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Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group)

25 metrics

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Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group) from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group2025Group (Re-presented) Source
Continuing operations
Revenue$'000 31,21934,366 PDF p. 75
Cost of sales$'000 (26,553)(28,537) PDF p. 75
Gross profit$'000 4,6665,829 PDF p. 75
Provision/(reversal) of allowance for doubtful debts – net$'000 (247)3 PDF p. 75
Other income and (other losses) – net$'000 5311,315 PDF p. 75
Marketing and distribution expenses$'000 (498)(502) PDF p. 75
Administrative expenses$'000 (5,663)(5,326) PDF p. 75
Finance costs$'000 (404)(660) PDF p. 75
(Loss)/profit before income tax$'000 (1,615)659 PDF p. 75
Income tax expense$'000 (298)(70) PDF p. 75
(Loss)/profit, net of tax from continuing operations$'000 (1,913)589 PDF p. 75
Discontinued operations
Profit from discontinued operations, net of tax$'000 –935 PDF p. 75
Profit for the year
(Loss)/profit for the year$'000 (1,913)1,524 PDF p. 75
Other comprehensive income - Items that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations, net of tax$'000 565516 PDF p. 75
Reclassification to profit or loss upon disposal of foreign operations$'000 –400 PDF p. 75
Cash flow hedges, net of tax$'000 –32 PDF p. 75
Other comprehensive income - Item that will not be reclassified subsequently to profit or loss
Defined benefit plan - actuarial gain$'000 20– PDF p. 75
Other comprehensive income
Other comprehensive income, net of tax$'000 585948 PDF p. 75
Total comprehensive income
Total comprehensive (loss)/income$'000 (1,328)2,472 PDF p. 75
(Loss)/profit attributable to
Owners of the Company$'000 (1,913)1,489 PDF p. 75
Non-controlling interests$'000 –35 PDF p. 75
Subtotal$'000 (1,913)1,524 PDF p. 75
Total comprehensive (loss)/income attributable to
Owners of the Company$'000 (1,328)2,437 PDF p. 75
Non-controlling interests$'000 –35 PDF p. 75
Subtotal$'000 (1,328)2,472 PDF p. 75
Definitions & sources

Column 2025 labelled (Re-presented). Note references omitted from values. No separate Company income statement is presented.

Consolidated (Loss)/profit per share (Group)

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Consolidated (Loss)/profit per share (Group) from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group2025Group (Re-presented) Source
From continuing and discontinued operations (cents)
Basiccents (0.167)0.156 PDF p. 76
Dilutedcents (0.167)0.155 PDF p. 76
From continuing operations (cents)
Basiccents (0.167)0.058 PDF p. 76
Dilutedcents (0.167)0.057 PDF p. 76
From discontinued operations (cents)
Basiccents –0.098 PDF p. 76
Dilutedcents –0.098 PDF p. 76
Definitions & sources

Header shows $’000 but section headings and rows state cents; unit taken as cents per share.

Statements of Financial Position (Group and Company) - Assets and Equity

23 metrics

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Statements of Financial Position (Group and Company) - Assets and Equity from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group2025Group2026Company2025Company (Restated) Source
Non-current assets
Deferred tax assets$'000 20195–– PDF p. 77
Property, plant and equipment$'000 6,3836,9701616 PDF p. 77
Right-of-use assets$'000 1,0451,057116146 PDF p. 77
Investment properties$'000 9471,119–– PDF p. 77
Intangible assets$'000 –––– PDF p. 77
Investments in subsidiaries$'000 ––18,64319,143 PDF p. 77
Lease receivables, non-current$'000 –1,239–– PDF p. 77
Total non-current assets$'000 8,39510,58018,77519,305 PDF p. 77
Current assets
Trade and other receivables$'000 4,9279,1211,680625 PDF p. 77
Lease receivables, current$'000 1,2391,686–– PDF p. 77
Other current assets$'000 7331,1809846 PDF p. 77
Inventories$'000 2,2272,551–– PDF p. 77
Financial assets at fair value through profit or loss$'000 1,0481,111–– PDF p. 77
Cash and cash equivalents$'000 12,0117,2726,6386,007 PDF p. 77
Total current assets$'000 22,18522,9218,4166,678 PDF p. 77
Assets
Total assets$'000 30,58033,50127,19125,983 PDF p. 77
Equity
Share capital$'000 50,95350,95350,95350,953 PDF p. 77
Accumulated losses$'000 (29,147)(27,234)(37,102)(36,521) PDF p. 77
Foreign currency translation reserve (“FCTR”)$'000 (4,610)(5,175)–– PDF p. 77
Other reserves$'000 2,1772,157–– PDF p. 77
Equity attributable to owners of the Company$'000 19,37320,70113,85114,432 PDF p. 77
Non-controlling interests$'000 –(2)–– PDF p. 77
Total equity$'000 19,37320,69913,85114,432 PDF p. 77
Definitions & sources

Only the Company 2025 column is labelled (Restated). Note references omitted from values. Label 'Foreign currency translation reserve (“FCTR”)' and 'Financial assets at fair value through profit or loss' and 'Equity attributable to owners of the Company' wrap across two lines; quotes are the value-bearing line.

Statements of Financial Position (Group and Company) - Liabilities

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Statements of Financial Position (Group and Company) - Liabilities from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group2025Group2026Company2025Company (Restated) Source
Non-current liabilities
Deferred tax liabilities$'000 529745–– PDF p. 78
Provisions$'000 346354–– PDF p. 78
Loans and borrowings$'000 3,6784,050–– PDF p. 78
Lease liabilities$'000 1442004968 PDF p. 78
Total non-current liabilities$'000 4,6975,3494968 PDF p. 78
Current liabilities
Income tax payables$'000 25030372 PDF p. 78
Provisions$'000 581531–– PDF p. 78
Loans and borrowings$'000 1,189677–– PDF p. 78
Lease liabilities$'000 106761919 PDF p. 78
Trade and other payables$'000 4,3845,86613,26511,462 PDF p. 78
Total current liabilities$'000 6,5107,45313,29111,483 PDF p. 78
Liabilities
Total liabilities$'000 11,20712,80213,34011,551 PDF p. 78
Equity and liabilities
Total equity and liabilities$'000 30,58033,50127,19125,983 PDF p. 78
Definitions & sources

Continuation of the Statements of Financial Position. Only the Company 2025 column is labelled (Restated).

Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group)

23 metrics

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Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group) from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group, $'0002025Group, $'000 (Re-presented) Source
Continuing operations
Revenue$'000 31,21934,366 PDF p. 75
Cost of sales$'000 (26,553)(28,537) PDF p. 75
Gross profit$'000 4,6665,829 PDF p. 75
Provision/(reversal) of allowance for doubtful debts – net$'000 (247)3 PDF p. 75
Other income and (other losses) – net$'000 5311,315 PDF p. 75
Marketing and distribution expenses$'000 (498)(502) PDF p. 75
Administrative expenses$'000 (5,663)(5,326) PDF p. 75
Finance costs$'000 (404)(660) PDF p. 75
(Loss)/profit before income tax$'000 (1,615)659 PDF p. 75
Income tax expense$'000 (298)(70) PDF p. 75
(Loss)/profit, net of tax from continuing operations$'000 (1,913)589 PDF p. 75
Discontinued operations
Profit from discontinued operations, net of tax$'000 –935 PDF p. 75
Profit for the year
(Loss)/profit for the year$'000 (1,913)1,524 PDF p. 75
Other comprehensive income - Items that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations, net of tax$'000 565516 PDF p. 75
Reclassification to profit or loss upon disposal of foreign operations$'000 –400 PDF p. 75
Cash flow hedges, net of tax$'000 –32 PDF p. 75
Other comprehensive income - Item that will not be reclassified subsequently to profit or loss
Defined benefit plan - actuarial gain$'000 20– PDF p. 75
Other comprehensive income
Other comprehensive income, net of tax$'000 585948 PDF p. 75
Total comprehensive income
Total comprehensive (loss)/income$'000 (1,328)2,472 PDF p. 75
(Loss)/profit attributable to
Owners of the Company$'000 (1,913)1,489 PDF p. 75
Non-controlling interests$'000 –35 PDF p. 75
Total comprehensive (loss)/income attributable to
Owners of the Company$'000 (1,328)2,437 PDF p. 75
Non-controlling interests$'000 –35 PDF p. 75
Definitions & sources

2025 column headed '(Re-presented)'.

Attribution rows appear in two subsections (profit; total comprehensive income); the quote for the NCI row is the same text in both.

Earnings per share (continued statement of profit or loss, Group)

6 metrics

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Earnings per share (continued statement of profit or loss, Group) from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group, cents2025Group, cents (Re-presented) Source
From continuing and discontinued operations (cents)
Basiccents (0.167)0.156 PDF p. 76
Dilutedcents (0.167)0.155 PDF p. 76
From continuing operations (cents)
Basiccents (0.167)0.058 PDF p. 76
Dilutedcents (0.167)0.057 PDF p. 76
From discontinued operations (cents)
Basiccents –0.098 PDF p. 76
Dilutedcents –0.098 PDF p. 76
Definitions & sources

Consolidated Statement of Cash Flows (Group) - operating and investing activities

42 metrics

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Consolidated Statement of Cash Flows (Group) - operating and investing activities from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group, $'0002025Group, $'000 Source
Cash flows from operating activities
(Loss)/profit before tax from continuing operations$'000 (1,615)659 PDF p. 82
Profit from discontinued operations$'000 –935 PDF p. 82
Adjustments for
Depreciation of property, plant and equipment (Note 14)$'000 1,4651,646 PDF p. 82
Depreciation of right-of-use assets (Note 15)$'000 157400 PDF p. 82
Depreciation of investment properties (Note 16)$'000 134120 PDF p. 82
Fair value loss/(gain) on financial assets at fair value through profit or loss (Note 23)$'000 63(98) PDF p. 82
Gain on disposal of asset held for sale (Note 7)$'000 –(955) PDF p. 82
Gain on disposal of property, plant and equipment$'000 (16)(51) PDF p. 82
Gain on disposal of assets and liabilities directly associated with disposal group (Note 11)$'000 –(799) PDF p. 82
Gain on derecognition of lease liabilities (Note 7)$'000 –(70) PDF p. 82
Gain on derecognition of payables (Note 7)$'000 (53)– PDF p. 82
Impairment loss on investment properties (Note 16)$'000 38– PDF p. 82
Impairment loss on property, plant and equipment (Note 14)$'000 86– PDF p. 82
Inventories reversal (Note 22)$'000 (53)(2) PDF p. 82
Interest income (Note 7)$'000 (59)(3) PDF p. 82
Loss on derecognition of non-controlling interest (Note 7)$'000 2– PDF p. 82
Provision/(reversal) of allowance for doubtful debts, net$'000 247(3) PDF p. 82
Provision for retirement benefit obligations expenses, net$'000 1416 PDF p. 82
Reversal of provision for reinstatement cost (Note 7)$'000 –(84) PDF p. 82
Finance lease income (Note 6)$'000 (247)(416) PDF p. 82
Finance costs (Note 8)$'000 404660 PDF p. 82
Net foreign exchange gain$'000 (32)(155) PDF p. 82
Cash flows from operating activities
Operating cash flows before changes in working capital$'000 5351,800 PDF p. 82
Changes in working capital
Inventories$'000 377(214) PDF p. 82
Trade and other receivables$'000 3,964(7) PDF p. 82
Lease receivables$'000 1,9321,932 PDF p. 82
Other current assets$'000 153(332) PDF p. 82
Trade and other payables$'000 (1,482)(728) PDF p. 82
Provisions$'000 50(136) PDF p. 82
Currency translation adjustments$'000 393188 PDF p. 82
Cash flows from operating activities
Net cash flows from operations$'000 5,9222,503 PDF p. 82
Interest received$'000 513 PDF p. 82
Income tax paid$'000 (55)(256) PDF p. 82
Retirement benefit obligations paid$'000 (36)(34) PDF p. 82
Net cash flows from operating activities$'000 5,8822,216 PDF p. 82
Cash flows from investing activities
Acquisition of property, plant and equipment$'000 (664)(517) PDF p. 82
Additions to investment properties$'000 –(39) PDF p. 82
Additions to right-of-use assets$'000 (35)– PDF p. 82
Proceeds from disposal of property, plant and equipment$'000 3065 PDF p. 82
Proceeds from disposal of assets held for sale$'000 –7,421 PDF p. 82
Net cash outflow arising from disposal of subsidiaries (Note 11)$'000 –(18) PDF p. 82
Net cash flows (used in)/from investing activities$'000 (669)6,912 PDF p. 82
Definitions & sources

Continues on next page (financing activities and closing cash).

Consolidated Statement of Cash Flows (Group) - financing activities and closing cash (cont'd)

12 metrics

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Consolidated Statement of Cash Flows (Group) - financing activities and closing cash (cont'd) from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group, $'0002025Group, $'000 Source
Cash flows from financing activities
Repayments of loans and borrowings$'000 (398)(3,956) PDF p. 83
Proceeds from loans and borrowings$'000 335– PDF p. 83
Lease liabilities - principal portion paid$'000 (96)(472) PDF p. 83
Repayment of other payables to key management personnel$'000 –(598) PDF p. 83
Interest expense paid$'000 (339)(651) PDF p. 83
Issuance of new shares, net of issue costs$'000 –3,063 PDF p. 83
Decrease/(increase) in restricted cash balance$'000 92(5) PDF p. 83
Net cash flows used in financing activities$'000 (406)(2,619) PDF p. 83
Closing cash
Net increase in cash and cash equivalents$'000 4,8076,509 PDF p. 83
Effect of exchange rate changes on cash and cash equivalents$'000 2412 PDF p. 83
Cash and cash equivalents, beginning balance$'000 7,146625 PDF p. 83
Cash and cash equivalents, ending balance (Note 24(a))$'000 11,9777,146 PDF p. 83
Definitions & sources

Consolidated Statement of Changes in Equity (Group) - year ended 30 April 2026

8 metrics

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Consolidated Statement of Changes in Equity (Group) - year ended 30 April 2026 from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group, Total equity, $'0002026Group, Non-controlling interests, $'0002026Group, Attributable to owners of the Company, $'0002026Group, Share capital, $'0002026Group, Accumulated losses, $'0002026Group, FCTR, $'0002026Group, Other reserves, $'000 Source
Group
At 1 May 2025$'000 20,699(2)20,70150,953(27,234)(5,175)2,157 PDF p. 79
Loss for the financial year$'000 (1,913)–(1,913)–(1,913)–– PDF p. 79
Other comprehensive income
Exchange differences on translating foreign operations, net of tax$'000 565–565––565– PDF p. 79
Defined benefit plan - actuarial gain$'000 20–20–––20 PDF p. 79
Total other comprehensive income$'000 585–585––56520 PDF p. 79
Group
Derecognition of non-controlling interest on strike-off of a subsidiary$'000 22––––– PDF p. 79
Total comprehensive (loss)/income for the financial year$'000 (1,326)2(1,328)–(1,913)56520 PDF p. 79
At 30 April 2026$'000 19,373–19,37350,953(29,147)(4,610)2,177 PDF p. 79
Definitions & sources

Page is rotated; the 'Total comprehensive (loss)/income for the financial year' label wraps over two lines and the derecognition row's label wraps over two lines.

Consolidated Statement of Changes in Equity (Group) - year ended 30 April 2025 (comparative)

11 metrics

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Consolidated Statement of Changes in Equity (Group) - year ended 30 April 2025 (comparative) from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2025Group, Total equity, $'0002025Group, Non-controlling interests, $'0002025Group, Attributable to owners of the company, $'0002025Group, Share capital, $'0002025Group, Accumulated losses, $'0002025Group, FCTR, $'0002025Group, FCTR of disposal group classified as held for sale, $'0002025Group, Other reserves, $'000 Source
Group
At 1 May 2024$'000 15,164(37)15,20147,890(28,723)(5,668)(423)2,125 PDF p. 80
Profit for the financial year$'000 1,524351,489–1,489––– PDF p. 80
Other comprehensive income
Exchange differences on translating foreign operations, net of tax$'000 516–516––49323– PDF p. 80
Reclassification of FCTR of disposal group classified as held for sale$'000 400–400–––400– PDF p. 80
Cash flow hedges, net of tax$'000 32–32––––32 PDF p. 80
Total other comprehensive income$'000 948–948––49342332 PDF p. 80
Group
Total comprehensive income for the financial year$'000 2,472352,437–1,48949342332 PDF p. 80
Transactions with owners
Issuance of new shares (Note 25)$'000 3,200–3,2003,200–––– PDF p. 80
Share issue expenses (Note 25)$'000 (137)–(137)(137)–––– PDF p. 80
Total transactions with owners, recognised directly in equity$'000 3,063–3,0633,063–––– PDF p. 80
Group
At 30 April 2025$'000 20,699(2)20,70150,953(27,234)(5,175)–2,157 PDF p. 80
Definitions & sources

Page is rotated and carries the heading 'For the financial year ended 30 April 2026' though the movements are for the year ended 30 April 2025.

The 'Total comprehensive income for the financial year' label wraps over two lines.

Statement of Changes in Equity (Company)

9 metrics

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Statement of Changes in Equity (Company) from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Company, Total equity, $'000 (movements for year ended 30 April 2026 and comparative 2025 restated)2026Company, Share capital, $'0002026Company, Accumulated losses, $'000 Source
Company
At 1 May 2024$'000 10,27847,890(37,612) PDF p. 81
Total comprehensive (loss)/ income for the financial year (year ended 30 April 2025)
- As previously reported$'000 (1,231)–(1,231) PDF p. 81
- Prior year adjustment (Note 34)$'000 2,322–2,322 PDF p. 81
Company
Total comprehensive income for the financial year, as restated$'000 1,091–1,091 PDF p. 81
Issuance of new shares (Note 25)$'000 3,2003,200– PDF p. 81
Share issue expenses (Note 25)$'000 (137)(137)– PDF p. 81
At 30 April 2025$'000 14,43250,953(36,521) PDF p. 81
Company (year ended 30 April 2026)
Total comprehensive loss for the financial year$'000 (581)–(581) PDF p. 81
Company
At 30 April 2026$'000 13,85150,953(37,102) PDF p. 81
Definitions & sources

Columns are all labelled by the statement year 2026, but rows from 'At 1 May 2024' to 'At 30 April 2025' are the FY2025 movements (restated); rows after 'At 30 April 2025' are FY2026.

The comparative year is headed '(Restated)'. Prior year adjustment per Note 34.

The 'Total transactions with owners' row has a dash in the accumulated losses column printed on a separate line above the values; the quote shows only the numeric values.

Financial Highlights - Financial Results

8 metrics

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Financial Highlights - Financial Results from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group FY2026 ($'000)2025Group FY2025 ($'000)2024Group FY2024 ($'000) Source
Financial Results
Revenue$'000 31,21934,36631,388 PDF p. 9
Gross profit$'000 4,6665,8295,051 PDF p. 9
(Loss)/profit before income tax$'000 (1,615)659(897) PDF p. 9
(Loss)/profit from continuing operations, net of tax$'000 (1,913)589(1,296) PDF p. 9
Profit from discontinued operations, net of tax$'000 -935- PDF p. 9
Net (loss)/profit$'000 (1,913)1,524(1,296) PDF p. 9
Profit/(loss) attributable to non-controlling interest$'000 -35(1) PDF p. 9
(Loss)/profit attributable to owners of the Company$'000 (1,913)1,489(1,295) PDF p. 9
Definitions & sources

Financial Highlights - Statement of Financial Position

10 metrics

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Financial Highlights - Statement of Financial Position from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group FY2026 ($'000)2025Group FY2025 ($'000)2024Group FY2024 ($'000) Source
Statement of Financial Position
Property, plant and equipment$'000 6,3836,9707,778 PDF p. 9
Right-of-use assets$'000 1,0451,0571,165 PDF p. 9
Investment properties$'000 9471,1191,200 PDF p. 9
Cash and cash equivalents$'000 12,0117,272746 PDF p. 9
Current assets$'000 22,18522,92122,509 PDF p. 9
Total assets$'000 30,58033,50135,617 PDF p. 9
Current liabilities$'000 6,5107,45315,581 PDF p. 9
Total liabilities$'000 11,20712,80220,453 PDF p. 9
Working capital$'000 15,67515,4686,928 PDF p. 9
Equity attributable to owners of the Company$'000 19,37320,70115,201 PDF p. 9
Definitions & sources

Financial Highlights - Ratios

5 metrics

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Financial Highlights - Ratios from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group FY20262025Group FY20252024Group FY2024 Source
Ratios
Current ratio (times)times 3.413.081.44 PDF p. 9
Return on equity, attributable to owners of the Company (1)(2) (%)% (9.55)8.29(8.10) PDF p. 9
Return on assets(1)(3) (%)% (5.97)4.31(3.42) PDF p. 9
Basic (loss)/earnings per share (cents)cents (0.17)0.16(0.14) PDF p. 9
Net assets value per share (cents)cents 1.691.801.60 PDF p. 9
Definitions & sources

(1) In calculating return on equity attributable to owners of the Company and return on assets, (loss)/profit attributable owners of the Company have been used.

(2) Return on equity attributable to owners of the Company are calculated based on the average equity attributable to owners of the Company.

(3) Return on assets are calculated based on the average of total assets of the Group.

Note 13 (Loss)/earnings per share - profit and weighted average shares

5 metrics

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Note 13 (Loss)/earnings per share - profit and weighted average shares from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group FY20262025Group FY2025 Source
Net (loss)/profit attributable to equity holders
- (Loss)/profit from continuing operations$'000 (1,913)554 PDF p. 108
- Profit from discontinued operations$'000 –935 PDF p. 108
Basic
Issued ordinary shares at the beginning of the year'000 shares 1,157,483957,483 PDF p. 108
- Effect of treasury shares'000 shares (8,637)(8,637) PDF p. 108
- Effect of shares issued'000 shares –4,383 PDF p. 108
Definitions & sources

Row label continues '(loss)/earnings per share'; values 1,148,846 and 953,229 on the following line. Shares of no par value.

Note 13 (Loss)/earnings per share - EPS and diluted share count

7 metrics

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Note 13 (Loss)/earnings per share - EPS and diluted share count from ecoWise Holdings Limited - Annual Report 2026
Metric / unit 2026Group FY20262025Group FY2025 Source
Basic EPS
Continuing operations$ Cents (0.167)0.058 PDF p. 109
Discontinued operations$ Cents –0.098 PDF p. 109
Total$ Cents (0.167)0.156 PDF p. 109
Diluted share count
Effect of warrants on issue'000 shares –4,383 PDF p. 109
Diluted EPS
Continuing operations$ Cents (0.167)0.057 PDF p. 109
Discontinued operations$ Cents –0.098 PDF p. 109
Total$ Cents (0.167)0.155 PDF p. 109
Definitions & sources

Diluted weighted average shares: 1,148,846 (2026) and 957,612 (2025), in '000 (printed on the row 'Weighted average number of shares in issue for diluted (loss)/earnings per share').

200,000,000 warrants outstanding at 30 April 2026 (exercise price S$0.0165) excluded from 2026 diluted EPS as anti-dilutive.

Where the money comes from

Segment information

By business

Note 5(b) Profit or loss from continuing operations by operating segment 7 lines
Note 5(b) Profit or loss from continuing operations by operating segment
Item / unit 2026Renewable Energy2025Renewable Energy2026Resource Recovery2025Resource Recovery2026Integrated Environmental Management Solutions2025Integrated Environmental Management Solutions2026Eliminations2025Eliminations2026Group2025Group Source
Revenue
Revenue from external customers$'000 11,13410,54720,08523,704–115––31,21934,366 PDF p. 97
Inter-segment revenue$'000 1,8271,098–––186(1,827)(1,284)–– PDF p. 97
Segment revenue$'000 12,96111,64520,08523,704–301(1,827)(1,284)31,21934,366 PDF p. 97
Results
Segment results before allocation of corporate management fees$'000 2,7383,5677452,270–(165)(3,382)(2,692)1012,980 PDF p. 97
Allocated corporate management fees$'000 (2,539)(1,837)(843)(855)––3,3822,692–– PDF p. 97
Segment results$'000 1991,730(98)1,415–(165)––1012,980 PDF p. 97
Profit from discontinued operations, net of tax$'000 –180–737–18–––935 PDF p. 97
Notes

Segment results are before allocation of corporate management fees, finance income, dividend income, finance costs and income tax. Integrated Environmental Management Solutions segment was discontinued in the preceding financial year (subsidiaries disposed in FY ended 30 April 2025). Financial year ended 30 April 2026.

Note 5(b) Reconciliation to group result (Group only) 6 lines
Note 5(b) Reconciliation to group result (Group only)
Item / unit 2026Group2025Group Source
Reconciliation
Unallocated corporate results$'000 (1,312)(1,661) PDF p. 97
(Loss)/profit before finance costs and income tax expense$'000 (1,211)1,319 PDF p. 97
Finance costs$'000 (404)(660) PDF p. 97
Income tax expense$'000 (298)(70) PDF p. 97
(Loss)/profit from continuing operations, net of tax$'000 (1,913)589 PDF p. 97
(Loss)/profit for the financial year$'000 (1,913)1,524 PDF p. 97
Notes

Unallocated items shown only in Group columns.

Note 5(c) Assets, liabilities and capital expenditure by operating segment 7 lines
Note 5(c) Assets, liabilities and capital expenditure by operating segment
Item / unit 2026Renewable Energy2025Renewable Energy2026Resource Recovery2025Resource Recovery2026Integrated Environmental Management Solutions2025Integrated Environmental Management Solutions2026Eliminations2025Eliminations2026Group2025Group Source
Assets
Segment assets$'000 19,51623,99620,92527,337––(16,843)(24,258)23,59827,075 PDF p. 98
Liabilities
Segment liabilities$'000 20,97348,5166,85711,472––(23,939)(54,902)3,8915,086 PDF p. 98
Loans and borrowings allocated to operating segments$'000 1,3711,5493,4963,178––––4,8674,727 PDF p. 98
Income tax payable allocated to operating segments$'000 111153132148––––243301 PDF p. 98
Capital expenditure allocated to operating segments
Property, plant and equipment$'000 49843516271––––660506 PDF p. 98
Right-of-use assets$'000 105289––––––105289 PDF p. 98
Investment properties$'000 –39–––––––39 PDF p. 98
Notes

All assets allocated to segments other than corporate assets (unallocated). Liabilities allocated except deferred tax liabilities and corporate liabilities.

Note 5(c) Unallocated items and totals (Group only) 8 lines
Note 5(c) Unallocated items and totals (Group only)
Item / unit 2026Group2025Group Source
Assets
Deferred tax assets$'000 20195 PDF p. 98
Unallocated corporate assets$'000 6,9626,231 PDF p. 98
Total assets$'000 30,58033,501 PDF p. 98
Liabilities
Unallocated income tax payable$'000 72 PDF p. 98
Deferred tax liabilities$'000 529745 PDF p. 98
Total liabilities$'000 11,20712,802 PDF p. 98
Capital expenditure
Unallocated corporate capital expenditure on property, plant and equipment$'000 411 PDF p. 98
Total capital expenditure$'000 769845 PDF p. 98
Note 5(d) Other material items by operating segment 10 lines
Note 5(d) Other material items by operating segment
Item / unit 2026Renewable Energy2025Renewable Energy2026Resource Recovery2025Resource Recovery2026Integrated Environmental Management Solutions2025Integrated Environmental Management Solutions2026Eliminations2025Eliminations2026Group2025Group Source
Other material items
Depreciation of property, plant and equipment and investment properties: Allocated to operating segments$'000 9475186481,049–196––1,5951,763 PDF p. 99
Depreciation of right-of-use assets: Allocated to operating segments$'000 11218716183––––128370 PDF p. 99
Gain on disposal of property, plant and equipment$'000 (14)(23)(2)(28)––––(16)(51) PDF p. 99
Impairment loss on property, plant and equipment$'000 ––86–––––86– PDF p. 99
Impairment loss on investment properties$'000 38–––––––38– PDF p. 99
Gain on disposal of asset held for sale$'000 –––(955)–––––(955) PDF p. 99
Provision for benefit obligations expenses, net$'000 ––1416––––1416 PDF p. 99
Provision/(reversal) of allowance for doubtful receivables$'000 12–235(3)––––247(3) PDF p. 99
Reversal of allowance for stock obsolescence$'000 ––(53)(2)––––(53)(2) PDF p. 99
Reversal of provision of reinstatement cost$'000 –(84)–––––––(84) PDF p. 99
Notes

Unallocated corporate depreciation (PPE/investment properties) Group: 4 (2026), 3 (2025), total 1,599 / 1,766; unallocated ROU depreciation 29 / 30, total 157 / 400, printed in Group columns only.

Note 5(f) Information about major customers 2 lines
Note 5(f) Information about major customers
Item / unit 2026Group2025Group Source
Major customers
Top 1 customer in resource recovery segment$'000 8,53512,005 PDF p. 100
Top 2 customer in renewable energy segment$'000 4,4424,022 PDF p. 100

By geography

Note 5(e) Geographical information 5 lines
Note 5(e) Geographical information
Item / unit 2026Group Revenue2025Group Revenue2026Group Non-current assets2025Group Non-current assets Source
Geographical information
Singapore$'000 12,13612,0783,5464,100 PDF p. 100
Malaysia$'000 9,8199,4094,8295,046 PDF p. 100
Australia$'000 8,53512,127–– PDF p. 100
Others$'000 729752–– PDF p. 100
Total (unlabelled)$'000 31,21934,3668,3759,146 PDF p. 100
Notes

Revenues are attributed to countries on the basis of the customer’s location, irrespective of the origin of the goods and services. The non-current assets are analysed by the geographical area in which the assets are located. The non-current assets exclude any financial instruments and deferred tax assets.

Debt

Borrowings

Note 33(b) Liquidity risk - contractual undiscounted maturity

Note 33(b) Liquidity risk - contractual undiscounted maturity — Group
Item / unit 2026less than 1 year, $'0002026due within 2 to 5 years, $'0002026due after 5 years, $'0002026total, $'000 Source
Group 2026
Loans and borrowings$'000 1,5032,8402,0656,408 PDF p. 140
Lease liabilities$'000 121172–293 PDF p. 140
Notes

2025 Group: Loans and borrowings 973; 2,680; 2,796; 6,449. Lease liabilities 89; 240; –; 329. Company 2026 lease liabilities 23; 61; total 84 (2025: 23; 84; 107) on page 141.

Note 33(b) Liquidity risk - contractual undiscounted maturity

Note 33(b) Liquidity risk - contractual undiscounted maturity — Group
Item / unit 2026less than 1 year, $'0002026due within 2 to 5 years, $'0002026due after 5 years, $'0002026total, $'0002025less than 1 year, $'0002025due within 2 to 5 years, $'0002025due after 5 years, $'0002025total, $'000 Source
Group
Loans and borrowings$'000 1,5032,8402,0656,4089732,6802,7966,449 PDF p. 140
Lease liabilities$'000 121172–29389240–329 PDF p. 140
Notes

2025 Group: Loans and borrowings 973; 2,680; 2,796; 6,449. Lease liabilities 89; 240; –; 329. Company 2026 lease liabilities 23; 61; total 84 (2025: 23; 84; 107) on page 141.

Contractual undiscounted cash flows.

Borrowing notes 2 tables

Loans and borrowings

Loans and borrowings — Group
Item / unit 2026$'0002025$'000 Source
Non-current liabilities - floating rate
Bank loans A (Note 29(a))$'000 2,4852,674 PDF p. 132
Bank loans B (Note 29(b))$'000 1,1931,376 PDF p. 132
Non-current liabilities
Total non-current portion$'000 3,6784,050 PDF p. 132
Current liabilities - floating rate
Bank loans A (Note 29(a))$'000 351202 PDF p. 132
Bank loans B (Note 29(b))$'000 179173 PDF p. 132
Bankers’ acceptances A (Note 29(a))$'000 659302 PDF p. 132
Current liabilities
Total current portion$'000 1,189677 PDF p. 132
Total
Total non-current and current loans and borrowings$'000 4,8674,727 PDF p. 132
Non-current portion repayable
Due within 2 to 5 years$'000 1,9131,824 PDF p. 132
Due after 5 years$'000 1,7652,226 PDF p. 132
Notes

Bank loans A secured by a charge over the Group’s leasehold properties and leasehold lands and guaranteed by its related companies (Affin Bank Berhad). Bank loans B secured by a charge over three office units in PPE and two office units in investment properties and guaranteed by the Company; repayable in monthly instalments over 8 years from May 2025.

The carrying amounts of the current and non-current portions are reasonable approximation of fair values (Level 2).

Lease liabilities

Lease liabilities
Item / unit 2026Group, $'0002025Group, $'0002026Company, $'0002025Company, $'000 Source
Lease liabilities
Current$'000 106761919 PDF p. 133
Non-current$'000 1442004968 PDF p. 133
Notes

Total 250 (2025: 276) Group; 68 (2025: 87) Company. Finance lease liabilities interest rate range: 2026 3.68 to 4.25%; 2025 2.78 to 6.50%.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Provision 11.6 – Dividend Policy The Company recognises Shareholders’ desire to receive return on their investment and endeavours to maximise their return. The Company does not have a formal dividend policy in place. In determining whether dividends should be paid, the Board takes into consideration the Company’s working capital requirements and the need to retain profits for future investment. Company, FY2026 PDF p. 56

Dividends declared and proposed

ItemValuePeriod / scopeSource
Provision 11.6 – Dividend Policy the Board is not recommending dividend distribution to Shareholders for FY2026 as the Group made a net loss and there is no distributable income or reserves available for the payment of dividends. Group, FY2026 PDF p. 56
(l) Dividends. The Board has not recommended any dividend distribution to Shareholders for the financial year under review. Company, FY2026 PDF p. 36

Extracted from ecoWise Holdings Limited - Annual Report 2026 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Auditor Baker Tilly TFW LLP Group and Company, FY ended 30 April 2026 PDF p. 74
Engagement partner Low See Lien Group and Company PDF p. 74
Qualified Opinion Qualified Opinion Group and Company, FY ended 30 April 2026 PDF p. 70
Basis for Qualified Opinion we continue to be unable to determine whether any adjustments to those corresponding figures might have been necessary. Group, comparative figures FY ended 30 April 2025 PDF p. 70

Key audit matters

ItemValuePeriod / scopeSource
Revenue recognition We have determined revenue recognition to be a key audit matter as it is a key indicator of the Group’s performance. Group, FY ended 30 April 2026 PDF p. 71

Extracted from ecoWise Holdings Limited - 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 ecoWise Holdings Limited - 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.