Sakae 5DO
Financials
SAKAE HOLDINGS LTD. ANNUAL REPORT 2026
Explore the statements
6 tablesStatements of Financial Position at 30 June 2026 (Group and Company)
28 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipment$'000 | 102,390 | 102,113 | 100,851 | 98,802 | PDF p. 52 |
| Goodwill$'000 | 875 | – | – | – | PDF p. 52 |
| Investment property$'000 | 443 | 411 | – | – | PDF p. 52 |
| Investment in subsidiaries$'000 | – | – | 10 | 10 | PDF p. 52 |
| Trade and other receivables$'000 | – | – | 4,508 | 2,042 | PDF p. 52 |
| Total non-current assets$'000 | 103,708 | 102,524 | 105,369 | 100,854 | PDF p. 52 |
| Current assets | |||||
| Inventories$'000 | 599 | 292 | – | – | PDF p. 52 |
| Trade and other receivables$'000 | 1,983 | 1,784 | 373 | 242 | PDF p. 52 |
| Cash and cash equivalents$'000 | 1,003 | 1,514 | 239 | 380 | PDF p. 52 |
| Total current assets$'000 | 3,585 | 3,590 | 612 | 622 | PDF p. 52 |
| Assets | |||||
| Total assets$'000 | 107,293 | 106,114 | 105,981 | 101,476 | PDF p. 52 |
| Non-current liabilities | |||||
| Lease liabilities$'000 | 14,810 | 12,267 | 14,564 | 10,935 | PDF p. 52 |
| Deferred tax liabilities$'000 | 12,698 | 12,912 | 12,698 | 12,912 | PDF p. 52 |
| Total non-current liabilities$'000 | 27,508 | 25,179 | 27,262 | 23,847 | PDF p. 52 |
| Current liabilities | |||||
| Trade and other payables$'000 | 3,682 | 2,484 | 11,017 | 9,103 | PDF p. 52 |
| Provisions$'000 | 210 | 192 | – | – | PDF p. 52 |
| Lease liabilities$'000 | 1,260 | 1,649 | 196 | 91 | PDF p. 52 |
| Bank loans$'000 | 21,104 | 20,516 | 21,104 | 20,516 | PDF p. 52 |
| Income tax payable$'000 | 354 | 624 | 356 | 611 | PDF p. 52 |
| Total current liabilities$'000 | 26,610 | 25,465 | 32,673 | 30,321 | PDF p. 52 |
| Liabilities | |||||
| Total liabilities$'000 | 54,118 | 50,644 | 59,935 | 54,168 | PDF p. 52 |
| Net assets | |||||
| Net assets$'000 | 53,175 | 55,470 | 46,046 | 47,308 | PDF p. 52 |
| Equity | |||||
| Share capital$'000 | 10,736 | 10,736 | 10,736 | 10,736 | PDF p. 52 |
| Treasury shares$'000 | (951) | (951) | (951) | (951) | PDF p. 52 |
| Currency translation reserve$'000 | (1,040) | (1,053) | – | – | PDF p. 52 |
| Revaluation reserve$'000 | 76,071 | 75,573 | 76,071 | 75,573 | PDF p. 52 |
| Accumulated losses$'000 | (31,641) | (28,835) | (39,810) | (38,050) | PDF p. 52 |
| Total equity$'000 | 53,175 | 55,470 | 46,046 | 47,308 | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
The accompanying notes form an integral part of these financial statements.
Statement is at 30 June 2026.
Consolidated Statement of Cash Flows (Group)
32 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY ended 30 June 2026 | 2025Group, FY ended 30 June 2025 | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Loss before tax$'000 | (3,122) | (4,040) | PDF p. 55 |
| Adjustments for | |||
| Depreciation of property, plant and equipment$'000 | 4,214 | 4,408 | PDF p. 55 |
| Impairment loss on property, plant and equipment$'000 | – | 68 | PDF p. 55 |
| Gain on lease termination$'000 | (11) | – | PDF p. 55 |
| Loss on disposal of property, plant and equipment$'000 | 5 | 149 | PDF p. 55 |
| Fair value gain on investment property$'000 | (11) | (20) | PDF p. 55 |
| Impairment loss on financial assets$'000 | – | 109 | PDF p. 55 |
| Reversal of provision for reinstatement cost$'000 | (34) | (57) | PDF p. 55 |
| Unrealised foreign currency exchange loss$'000 | – | 1 | PDF p. 55 |
| Interest expense$'000 | 1,107 | 1,438 | PDF p. 55 |
| Interest income$'000 | (13) | (24) | PDF p. 55 |
| Cash flows from operating activities | |||
| Operating cash flows before working capital changes$'000 | 2,135 | 2,032 | PDF p. 55 |
| Trade and other receivables$'000 | 26 | 62 | PDF p. 55 |
| Inventories$'000 | (293) | 149 | PDF p. 55 |
| Trade and other payables$'000 | 248 | (421) | PDF p. 55 |
| Cash generated from operations$'000 | 2,116 | 1,822 | PDF p. 55 |
| Interest received$'000 | 13 | 24 | PDF p. 55 |
| Income tax paid, net$'000 | (270) | (220) | PDF p. 55 |
| Net cash generated from operating activities$'000 | 1,859 | 1,626 | PDF p. 55 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment$'000 | (78) | (282) | PDF p. 55 |
| Acquisition of subsidiaries, net of cash acquired$'000 | (181) | – | PDF p. 55 |
| Net cash used in investing activities$'000 | (259) | (282) | PDF p. 55 |
| Cash flows from financing activities | |||
| Repayment of leases$'000 | (1,585) | (1,767) | PDF p. 55 |
| Repayment of interest on lease liabilities$'000 | (515) | (607) | PDF p. 55 |
| Repayment of bank loans$'000 | (1,406) | (410) | PDF p. 55 |
| Proceed from bank loans$'000 | 1,994 | – | PDF p. 55 |
| Repayment of interest on bank loans$'000 | (592) | (831) | PDF p. 55 |
| Net cash used in financing activities$'000 | (2,104) | (3,615) | PDF p. 55 |
| Net change in cash | |||
| Net decrease in cash and cash equivalents$'000 | (504) | (2,271) | PDF p. 55 |
| Cash and cash equivalents at the beginning of financial year$'000 | 1,514 | 3,823 | PDF p. 55 |
| Effects of exchange rate changes on cash and cash equivalents$'000 | (7) | (38) | PDF p. 55 |
| Cash and cash equivalents at the end of financial year (Note 15)$'000 | 1,003 | 1,514 | PDF p. 55 |
Definitions & sources
Original report: PDF p. 55 ↗
The accompanying notes form an integral part of these financial statements.
No separate Company cash flow statement is presented; only a consolidated statement of cash flows.
Statements of Changes in Equity – Group
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group – Share capital | 2026Group – Treasury shares | 2026Group – Currency translation reserve | 2026Group – Revaluation reserve | 2026Group – Accumulated losses | 2026Group – Total equity | Source |
|---|---|---|---|---|---|---|---|
| Group FY2025 | |||||||
| Balance as at 1 July 2024$'000 | 10,736 | (951) | (1,098) | 75,502 | (24,808) | 59,381 | PDF p. 53 |
| Loss for the financial year$'000 | – | – | – | – | (4,027) | (4,027) | PDF p. 53 |
| Other comprehensive income, net of tax$'000 | – | – | 45 | 71 | – | 116 | PDF p. 53 |
| Total comprehensive income/(loss) for the financial year$'000 | – | – | 45 | 71 | (4,027) | (3,911) | PDF p. 53 |
| Balance as at 30 June 2025$'000 | 10,736 | (951) | (1,053) | 75,573 | (28,835) | 55,470 | PDF p. 53 |
| Group FY2026 | |||||||
| Loss for the financial year$'000 | – | – | – | – | (2,806) | (2,806) | PDF p. 53 |
| Other comprehensive income, net of tax$'000 | – | – | 13 | 498 | – | 511 | PDF p. 53 |
| Total comprehensive income/(loss) for the financial year$'000 | – | – | 13 | 498 | (2,806) | (2,295) | PDF p. 53 |
| Balance as at 30 June 2026$'000 | 10,736 | (951) | (1,040) | 76,071 | (31,641) | 53,175 | PDF p. 53 |
Definitions & sources
Original report: PDF p. 53 ↗
Rows are grouped by financial year (FY2025: 1 July 2024 to 30 June 2025; FY2026: to 30 June 2026). No non-controlling interest column is printed.
The accompanying notes form an integral part of these financial statements.
Statements of Changes in Equity (cont'd) – Company
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Company – Share capital | 2026Company – Treasury shares | 2026Company – Revaluation reserve | 2026Company – Accumulated losses | 2026Company – Total | Source |
|---|---|---|---|---|---|---|
| Company FY2025 | ||||||
| Balance as at 30 June 2025$'000 | 10,736 | (951) | 75,573 | (38,050) | 47,308 | PDF p. 54 |
| Company FY2026 | ||||||
| Balance as at 30 June 2026$'000 | 10,736 | (951) | 76,071 | (39,810) | 46,046 | PDF p. 54 |
Definitions & sources
Original report: PDF p. 54 ↗
Page 54 text layer is partly garbled by overlaid text. The Company opening balance at 1 July 2024 (10,736; (951); 75,502; (35,608); 49,679), the FY2025 loss (2,442) and OCI 71, and the FY2026 loss (1,760) and OCI 498 are also printed, but their row labels wrap and are interleaved with other text, so they are not extracted as separate rows.
The accompanying notes form an integral part of these financial statements.
Financial Highlights (Group, FY2024-FY2026)
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group, year ended 30 June 2024 | 2025Group, year ended 30 June 2025 | 2026Group, year ended 30 June 2026 | Source |
|---|---|---|---|---|
| RESULTS | ||||
| Revenue$'000 | 14,405 | 12,284 | 11,062 | PDF p. 18 |
| Loss before tax$'000 | (2,928) | (4,040) | (3,122) | PDF p. 18 |
| Loss attributable to shareholders$'000 | (3,303) | (4,027) | (2,806) | PDF p. 18 |
| Non-current assets$'000 | 103,236 | 102,524 | 103,708 | PDF p. 18 |
| Non-current liabilities$'000 | 24,527 | 25,179 | 27,508 | PDF p. 18 |
| Total equity$'000 | 59,381 | 55,470 | 53,175 | PDF p. 18 |
| Net assets per share (cents)cents | 42.73 | 39.91 | 38.26 | PDF p. 18 |
| Earnings/(losses) per share ("EPS"/"LPS")cents | (2.38) | (2.90) | (2.02) | PDF p. 18 |
Definitions & sources
Original report: PDF p. 18 ↗
Column order as printed: 2024, 2025, 2026. Unit header is $'000 except per-share rows (cents). No dividend row is printed.
Note 8 Losses per share (Group, FY2026 vs FY2025)
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, year ended 30 June 2026 | 2025Group, year ended 30 June 2025 | Source |
|---|---|---|---|
| Losses per share - earnings | |||
| Loss attributable to equity shareholders of the Company$'000 | (2,806) | (4,027) | PDF p. 68 |
| Number of shares | |||
| Issued ordinary shares'000 | 142,000 | 142,000 | PDF p. 68 |
| Effect of treasury shares'000 | (3,028) | (3,028) | PDF p. 68 |
| Losses per share | |||
| Basic and diluted losses per share (cents)cents | (2.02) | (2.90) | PDF p. 68 |
Definitions & sources
Original report: PDF p. 68 ↗
Basic and diluted losses per share are calculated by dividing the Group's loss for the financial year attributable to shareholders of the Company by the weighted-average number of ordinary shares outstanding during the financial year.
Weighted-average number of ordinary shares during the financial year is 138,972 ('000) for both 2026 and 2025 (the row text is garbled in the extraction, so no row is quoted).
Where the money comes from
Segment information
By business
Segment revenues by reportable segment (Note 26) 3 lines
| Item / unit | 2026Sakae Sushi | 2025Sakae Sushi | 2026Hei Sushi | 2025Hei Sushi | 2026Other products and services | 2025Other products and services | 2026Elimination | 2025Elimination | 2026Consolidated | 2025Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment revenues and results | |||||||||||
| Sales to external customers$'000 | 1,487 | 2,247 | 5,239 | 5,891 | 4,336 | 4,146 | –– | –– | 11,062 | 12,284 | PDF p. 96 |
| Intersegment sales$'000 | –– | –– | –– | –– | 1,559 | 1,864 | (1,559) | (1,864) | –– | –– | PDF p. 96 |
| Total revenue$'000 | 1,487 | 2,247 | 5,239 | 5,891 | 5,895 | 6,010 | (1,559) | (1,864) | 11,062 | 12,284 | PDF p. 96 |
Notes
Segment descriptions: Sakae Sushi; Hei Sushi; Other products and services (Cooking Art, Sakae Teppanyaki, Sakae Delivery, Senjyu, Nouvelle Events, Japanmartsg and Sakae Corporate Advisory).
Segment results, assets, liabilities and other items by reportable segment (Note 26) 5 lines
| Item / unit | 2026Sakae Sushi | 2025Sakae Sushi | 2026Hei Sushi | 2025Hei Sushi | 2026Other products and services | 2025Other products and services | 2026Total | 2025Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Segment revenues and results (cont'd) | |||||||||
| Segment profit/ (loss)$'000 | 65 | (258) | 2,976 | 2,284 | 1,649 | 1,838 | 4,690 | 3,864 | PDF p. 97 |
| Segment assets | |||||||||
| Segment assets$'000 | 2,582 | 3,594 | 1,206 | 2,162 | 1,835 | 1,682 | 5,623 | 7,438 | PDF p. 97 |
| Segment liabilities | |||||||||
| Segment liabilities$'000 | 2,875 | 2,980 | 989 | 1,750 | 1,338 | 836 | 5,202 | 5,566 | PDF p. 97 |
| Other segments items | |||||||||
| Property, plant and equipment written off$'000 | –– | –– | –– | –– | 173 | –– | 173 | –– | PDF p. 97 |
| Net impairment loss on trade receivables$'000 | –– | 109 | –– | –– | –– | –– | –– | 109 | PDF p. 97 |
Notes
Segment profit represents profit earned by each segment without allocation of depreciation of leasehold building and leasehold land, fair value gains/(loss) on investment property, central administration costs and directors' salaries, other operating income, finance costs and income tax expense.
Additions to PPE and impairment rows are garbled in the source text layer (digits duplicated); values interpreted by column position (e.g. Hei Sushi additions 53/1,091; Other 4/––). Shows 'Impairment of impairment property, plant and equipment' in source layer.
Reconciliation of segment totals to Group (Note 26) 13 lines
| Item / unit | 2026Group total | 2025Group total | Source |
|---|---|---|---|
| Segment reconciliation | |||
| Depreciation of leasehold building$'000 | (2,100) | (2,085) | PDF p. 97 |
| Depreciation of leasehold land$'000 | (313) | (240) | PDF p. 97 |
| Central administration costs and directors' salaries$'000 | (9,049) | (8,499) | PDF p. 97 |
| Other operating income$'000 | 4,746 | 4,338 | PDF p. 97 |
| Fair value gain on investment property$'000 | 11 | 20 | PDF p. 97 |
| Finance costs$'000 | (1,107) | (1,438) | PDF p. 97 |
| Loss before tax$'000 | (3,122) | (4,040) | PDF p. 97 |
| Tax credit$'000 | 316 | 13 | PDF p. 97 |
| Loss for the financial year$'000 | (2,806) | (4,027) | PDF p. 97 |
| Segment assets | |||
| Unallocated assets$'000 | 101,670 | 98,676 | PDF p. 97 |
| Total assets$'000 | 107,293 | 106,114 | PDF p. 97 |
| Segment liabilities | |||
| Unallocated liabilities$'000 | 48,916 | 45,078 | PDF p. 97 |
| Total liabilities$'000 | 54,118 | 50,644 | PDF p. 97 |
Notes
Unallocated assets: leasehold building, goodwill, leasehold land and investment property. Unallocated liabilities: deferred tax liabilities, income tax payable, bank loans and lease liabilities relating to leasehold land.
By geography
Geographical segments (Note 26) 3 lines
| Item / unit | 2026Revenue | 2025Revenue | 2026Non-current assets | 2025Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical segments | |||||
| Singapore$'000 | 10,560 | 11,461 | 102,764 | 101,395 | PDF p. 98 |
| Malaysia$'000 | 502 | 823 | 944 | 1,129 | PDF p. 98 |
| Total$'000 | 11,062 | 12,284 | 103,708 | 102,524 | PDF p. 98 |
Notes
Based on the locations of customers. Non-current assets are property, plant and equipment, goodwill and investment property.
Debt
Borrowings
Liquidity risk maturity profile – Group (contractual undiscounted)
| Item / unit | 20261 year or less, $'000 | 20261 to 5 years, $'000 | 2026More than 5 years, $'000 | 2026Total, $'000 | Source |
|---|---|---|---|---|---|
| Group 2026 | |||||
| Bank loans$'000 | 21,604 | – | – | 21,604 | PDF p. 89 |
| Lease liabilities$'000 | 1,712 | 2,635 | 21,670 | 26,017 | PDF p. 89 |
Notes
Based on contractual undiscounted repayment obligations; non-derivative financial liabilities.
Liquidity risk maturity profile – Group 2025 (contractual undiscounted)
| Item / unit | 20251 year or less, $'000 | 20251 to 5 years, $'000 | 2025More than 5 years, $'000 | 2025Total, $'000 | Source |
|---|---|---|---|---|---|
| Group 2025 | |||||
| Bank loans$'000 | 21,275 | – | – | 21,275 | PDF p. 89 |
| Lease liabilities$'000 | 2,235 | 4,263 | 20,973 | 27,471 | PDF p. 89 |
Notes
Based on contractual undiscounted repayment obligations.
Liquidity risk maturity profile – Company 2026 (contractual undiscounted)
| Item / unit | 20261 year or less, $'000 | 20261 to 5 years, $'000 | 2026More than 5 years, $'000 | 2026Total, $'000 | Source |
|---|---|---|---|---|---|
| Company 2026 | |||||
| Bank loans$'000 | 21,604 | – | – | 21,604 | PDF p. 89 |
| Lease liabilities$'000 | 600 | 2,397 | 21,670 | 24,667 | PDF p. 89 |
Notes
Based on contractual undiscounted repayment obligations.
Liquidity risk maturity profile – Company 2025 (contractual undiscounted)
| Item / unit | 20251 year or less, $'000 | 20251 to 5 years, $'000 | 2025More than 5 years, $'000 | 2025Total, $'000 | Source |
|---|---|---|---|---|---|
| Company 2025 | |||||
| Bank loans$'000 | 21,275 | – | – | 21,275 | PDF p. 89 |
| Lease liabilities$'000 | 580 | 2,899 | 20,973 | 24,452 | PDF p. 89 |
Notes
Based on contractual undiscounted repayment obligations.
Borrowing notes 2 tables
Bank loans
| Item / unit | 2026$'000 | 2025$'000 | Source |
|---|---|---|---|
| Bank loans | |||
| Loan A (Secured)$'000 | 21,104 | 19,977 | PDF p. 81 |
| Loan B (Unsecured)$'000 | – | 539 | PDF p. 81 |
| Total borrowings$'000 | 21,104 | 20,516 | PDF p. 81 |
Notes
Loan A: Short-term bank loans bear variable interest rates ranging from 2.37% to 3.95% (2025: 3.95% to 5.24%) per annum and are renewable upon maturity for one to three months (2025: one to three months). The Group has pledged the leasehold building [Note 9(iii)] with a net carrying amount of $86,500,000 (2025: $88,000,000) to secure the bank loans.
Loan B: 5-year Temporary Bridging Loan under Enterprise Financing Scheme was unsecured, bore fixed interest at 2% per annum. The loan was repaid during the financial year.
Management is of the view that the carrying amounts of the above loans approximate fair values. Currency not separately stated in the note; amounts in $'000 as printed.
Lease liabilities analysed as current and non-current
| Item / unit | 2026Group, $'000 | 2025Group, $'000 | 2026Company, $'000 | 2025Company, $'000 | Source |
|---|---|---|---|---|---|
| Lease liabilities | |||||
| Current$'000 | 1,260 | 1,649 | 196 | 91 | PDF p. 84 |
| Non-current$'000 | 14,810 | 12,267 | 14,564 | 10,935 | PDF p. 84 |
| Total lease liabilities (unlabelled total)$'000 | 16,070 | 13,916 | 14,760 | 11,026 | PDF p. 84 |
Notes
Total row has no printed label.
The Group does not face a significant liquidity risk with regards to its lease liabilities. Lease liabilities are monitored within the Group’s treasury function.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Baker Tilly TFW LLP | Group | PDF p. 50 |
| Engagement partner | Lee Chee Sum Gilbert | Group | PDF p. 50 |
| Opinion | true and fair view | Group and Company | PDF p. 46 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern assumption | there is no material uncertainty regarding the Group’s and the Company’s ability to continue as going concerns | Group and Company | PDF p. 64 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Valuation of leasehold building | Valuation of leasehold building is identified as a key audit matter because any significant changes in the key assumptions and estimations could result in a significant impact to the fair value of the leasehold building. | Group and Company | PDF p. 47 |
Extracted from SAKAE HOLDINGS LTD. 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 SAKAE HOLDINGS LTD. 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.