Sevens Atelier 5EW
SGD 0.026
+0.00% +0.00 Updated 23 Oct 2026, 17:16 SGT
Financials
Annual report 2025
Explore the statements
8 tablesConsolidated statement of profit or loss and other comprehensive income
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income and expenses | |||
| Revenue$’000 | 8,166 | 9,099 | PDF p. 90 |
| Cost of sales$’000 | (7,234) | (7,313) | PDF p. 90 |
| Gross profit$’000 | 932 | 1,786 | PDF p. 90 |
| Other income and gains$’000 | 109 | 767 | PDF p. 90 |
| Other losses$’000 | (4,520) | – | PDF p. 90 |
| Marketing and distribution costs$’000 | (94) | (121) | PDF p. 90 |
| Administrative expenses$’000 | (1,884) | (2,109) | PDF p. 90 |
| Finance costs$’000 | (21) | (28) | PDF p. 90 |
| (Loss)/ Profit before tax$’000 | (5,478) | 295 | PDF p. 90 |
| Income tax credit$’000 | – | 16 | PDF p. 90 |
| Profit and comprehensive income | |||
| (Loss)/ Profit for the year, representing total comprehensive (loss)/ income for the year attributable to equity holders of the Company$’000 | (5,478) | 311 | PDF p. 90 |
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Definitions & sources
Original report: PDF p. 90 ↗
The accompanying notes form an integral part of these financial statements. The printed row for the annual loss/profit states that it represents total comprehensive loss/income for the year attributable to equity holders of the Company. No separate reported-versus-adjusted profit presentation is shown in this statement.
(Loss)/ Earnings per share
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Per share data | |||
| Basic and dilutedCents per share | (2.55) | 0.14 | PDF p. 90 |
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Definitions & sources
Original report: PDF p. 90 ↗
Statements of financial position — Group
27 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| ASSETS — Non-current assets | |||
| Property, plant and equipment$’000 | 482 | 651 | PDF p. 91 |
| Right-of-use assets$’000 | 180 | 300 | PDF p. 91 |
| Goodwill$’000 | 5,145 | 9,193 | PDF p. 91 |
| Intangible assets$’000 | – | – | PDF p. 91 |
| Investments in subsidiaries$’000 | – | – | PDF p. 91 |
| Subtotal$’000 | 5,807 | 10,144 | PDF p. 91 |
| ASSETS — Current assets | |||
| Other assets$’000 | 110 | 65 | PDF p. 91 |
| Contract assets$’000 | 445 | 574 | PDF p. 91 |
| Trade and other receivables$’000 | 530 | 1,473 | PDF p. 91 |
| Cash and cash equivalents$’000 | 656 | 380 | PDF p. 91 |
| Subtotal$’000 | 1,741 | 2,492 | PDF p. 91 |
| ASSETS | |||
| Total assets$’000 | 7,548 | 12,636 | PDF p. 91 |
| LIABILITIES — Non-current liabilities | |||
| Other financial liabilities$’000 | – | 9 | PDF p. 91 |
| Lease liabilities$’000 | 68 | 201 | PDF p. 91 |
| Subtotal$’000 | 68 | 210 | PDF p. 91 |
| LIABILITIES — Current liabilities | |||
| Provisions$’000 | 114 | 108 | PDF p. 91 |
| Other financial liabilities$’000 | 9 | 52 | PDF p. 91 |
| Contract liabilities$’000 | 1,002 | 655 | PDF p. 91 |
| Lease liabilities$’000 | 133 | 126 | PDF p. 91 |
| Trade and other payables$’000 | 4,527 | 4,312 | PDF p. 91 |
| Subtotal$’000 | 5,785 | 5,253 | PDF p. 91 |
| LIABILITIES | |||
| Net current liabilities$’000 | (4,044) | (2,761) | PDF p. 91 |
| Total liabilities$’000 | 5,853 | 5,463 | PDF p. 91 |
| EQUITY — Equity attributable to owners of the company | |||
| Share capital$’000 | 15,390 | 15,390 | PDF p. 91 |
| Accumulated losses$’000 | (13,695) | (8,217) | PDF p. 91 |
| Subtotal$’000 | 1,695 | 7,173 | PDF p. 91 |
| EQUITY | |||
| Total equity and liabilities$’000 | 7,548 | 12,636 | PDF p. 91 |
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Definitions & sources
Original report: PDF p. 91 ↗
The accompanying notes form an integral part of these financial statements.
Statements of financial position — Company
27 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company | 2024Company | Source |
|---|---|---|---|
| ASSETS — Non-current assets | |||
| Property, plant and equipment$’000 | 1 | 1 | PDF p. 91 |
| Right-of-use assets$’000 | – | – | PDF p. 91 |
| Goodwill$’000 | – | – | PDF p. 91 |
| Intangible assets$’000 | – | – | PDF p. 91 |
| Investments in subsidiaries$’000 | 4,633 | 10,905 | PDF p. 91 |
| Subtotal$’000 | 4,634 | 10,906 | PDF p. 91 |
| ASSETS — Current assets | |||
| Other assets$’000 | 10 | 1 | PDF p. 91 |
| Contract assets$’000 | – | – | PDF p. 91 |
| Trade and other receivables$’000 | 12 | – | PDF p. 91 |
| Cash and cash equivalents$’000 | 50 | 72 | PDF p. 91 |
| Subtotal$’000 | 72 | 73 | PDF p. 91 |
| ASSETS | |||
| Total assets$’000 | 4,706 | 10,979 | PDF p. 91 |
| LIABILITIES — Non-current liabilities | |||
| Other financial liabilities$’000 | – | – | PDF p. 91 |
| Lease liabilities$’000 | – | – | PDF p. 91 |
| Subtotal$’000 | – | – | PDF p. 91 |
| LIABILITIES — Current liabilities | |||
| Provisions$’000 | – | – | PDF p. 91 |
| Other financial liabilities$’000 | – | – | PDF p. 91 |
| Contract liabilities$’000 | – | – | PDF p. 91 |
| Lease liabilities$’000 | – | – | PDF p. 91 |
| Trade and other payables$’000 | 1,933 | 1,432 | PDF p. 91 |
| Subtotal$’000 | 1,933 | 1,432 | PDF p. 91 |
| LIABILITIES | |||
| Net current liabilities$’000 | (1,861) | (1,359) | PDF p. 91 |
| Total liabilities$’000 | 1,933 | 1,432 | PDF p. 91 |
| EQUITY — Equity attributable to owners of the company | |||
| Share capital$’000 | 15,390 | 15,390 | PDF p. 91 |
| Accumulated losses$’000 | (12,617) | (5,843) | PDF p. 91 |
| Subtotal$’000 | 2,773 | 9,547 | PDF p. 91 |
| EQUITY | |||
| Total equity and liabilities$’000 | 4,706 | 10,979 | PDF p. 91 |
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Definitions & sources
Original report: PDF p. 91 ↗
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Profit or Loss and Other Comprehensive Income
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Profit or loss and other comprehensive income | |||
| (Loss)/ Profit for the year, representing total comprehensive (loss)/ income for the year attributable to equity holders of the Company$’000 | (5,478) | 311 | PDF p. 90 |
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Definitions & sources
Original report: PDF p. 90 ↗
Consolidated Statement of Cash Flows
27 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| (Loss)/ Profit before tax$’000 | (5,478) | 295 | PDF p. 93 |
| Cash Flows from Operating Activities adjustments | |||
| Impairment of goodwill$’000 | 4,048 | – | PDF p. 93 |
| Depreciation of property, plant and equipment$’000 | 170 | 169 | PDF p. 93 |
| Depreciation of right-of-use assets$’000 | 120 | 225 | PDF p. 93 |
| Reversal of provision for onerous contracts$’000 | – | (46) | PDF p. 93 |
| Reversal of impairment loss of trade receivables$’000 | – | (150) | PDF p. 93 |
| Reversal of over accruals in prior year$’000 | (31) | (90) | PDF p. 93 |
| Allowance for impairment on other receivables$’000 | 131 | – | PDF p. 93 |
| Allowance for impairment on trade receivables$’000 | 341 | – | PDF p. 93 |
| Interest expense$’000 | 21 | 28 | PDF p. 93 |
| Cash Flows from Operating Activities | |||
| Operating cash flows before working capital changes$’000 | (678) | 431 | PDF p. 93 |
| Changes in working capital | |||
| Trade and other receivables$’000 | 471 | 13 | PDF p. 93 |
| Contract assets$’000 | 129 | (411) | PDF p. 93 |
| Contract liabilities$’000 | 347 | (2,866) | PDF p. 93 |
| Other assets$’000 | (45) | 9 | PDF p. 93 |
| Trade and other payables$’000 | 246 | 1,733 | PDF p. 93 |
| Cash Flows from Operating Activities | |||
| Net cash flows generated from/ (used in) operating activities$’000 | 470 | (1,091) | PDF p. 93 |
| Cash Flows from Investing Activity | |||
| Purchase of property, plant and equipment$’000 | (1) | (104) | PDF p. 93 |
| Net cash flows used in investing activity$’000 | (1) | (104) | PDF p. 93 |
| Cash Flows from Financing Activities | |||
| Interest paid$’000 | (15) | (22) | PDF p. 93 |
| Principal payment of lease liabilities$’000 | (126) | (134) | PDF p. 93 |
| Repayment of bank loan$’000 | (52) | (51) | PDF p. 93 |
| Proceeds from issuances of shares$’000 | – | 90 | PDF p. 93 |
| Net cash flows used in financing activities$’000 | (193) | (117) | PDF p. 93 |
| Cash Flows | |||
| Net increase/ (decrease) in cash and cash equivalents$’000 | 276 | (1,312) | PDF p. 93 |
| Cash and cash equivalents at beginning of the year$’000 | 380 | 1,692 | PDF p. 93 |
| Cash and cash equivalents at end of the year$’000 | 656 | 380 | PDF p. 93 |
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Definitions & sources
Original report: PDF p. 93 ↗
Summary of Group’s financial performance in FY2025
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|
| Financial performance summary | ||||
| Direct Economic Value Generated (Revenue)SGD | 14,330,000 | 9,099,000 | 8,166,000 | PDF p. 37 |
| Operating ExpensesSGD | 12,122,000 | 7,313,000 | 7,233,000 | PDF p. 37 |
| Payment to Providers of Capital (Dividends)SGD | Nil | Nil | Nil | PDF p. 37 |
| Income Taxes PaidSGD | Nil | Nil | Nil | PDF p. 37 |
| Economic Value RetainedSGD | 2,208,000 | 1,786,000 | 933,000 | PDF p. 37 |
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Definitions & sources
Original report: PDF p. 37 ↗
The report labels the table “Summary of Group’s financial performance in FY2025” and provides FY2023–FY2025 columns. The unit printed in the summary labels is SGD. No further footnotes are printed for this table.
Consolidated statement of profit or loss and other comprehensive income — earnings per share
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| (Loss)/ earnings per share | |||
| Basic and dilutedCents | (2.55) | 0.14 | PDF p. 90 |
| Net (loss)/ profit attributable to equity holders of the Company ($’000)$’000 | (5,478) | 311 | PDF p. 110 |
| Basic (loss)/earnings per share (cents per share)cents per share | (2.55) | 0.14 | PDF p. 110 |
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Definitions & sources
Original report: PDF p. 90 ↗ PDF p. 110 ↗
The report states: “Basic (loss)/ earnings per share is calculated by dividing the net (loss)/ profit attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the financial year.”
The report states: “There is no difference between the basic and diluted earnings/ (loss) per share.”
Where the money comes from
Segment information
By business
Profit or loss from operating segments and reconciliations 14 lines
| Item / unit | 2025Building construction and design | 2024Building construction and design | 2025Renovation and interior design | 2024Renovation and interior design | 2025Others | 2024Others | 2025Group | 2024Group | Source |
|---|---|---|---|---|---|---|---|---|---|
| Revenue by segment | |||||||||
| External revenue$'000 | 7,641 | 7,717 | 525 | 1,382 | – | – | 8,166 | 9,099 | PDF p. 123 |
| Gross profit$'000 | 805 | 1,394 | 127 | 392 | – | – | 932 | 1,786 | PDF p. 123 |
| Profit or loss | |||||||||
| Finance costs$'000 | (20) | (26) | (1) | (2) | – | – | (21) | (28) | PDF p. 123 |
| Depreciation of property, plant and equipment$'000 | (169) | (168) | – | – | (1) | (1) | (170) | (169) | PDF p. 123 |
| Depreciation of right-of-use assets$'000 | (120) | (122) | – | – | – | (103) | (120) | (225) | PDF p. 123 |
| Employee benefits expenses$'000 | (409) | (327) | (158) | (138) | (477) | (473) | (1,044) | (938) | PDF p. 123 |
| Other losses | |||||||||
| - Allowance for impairment of trade receivables$'000 | (341) | – | – | – | – | – | (341) | – | PDF p. 123 |
| - Allowance for impairment of other receivables$'000 | (131) | – | – | – | – | – | (131) | – | PDF p. 123 |
| Profit or loss | |||||||||
| Impairment of goodwill$'000 | (4,048) | – | – | – | – | – | (4,048) | – | PDF p. 123 |
| Unallocated corporate expenses$'000 | – | – | – | – | (644) | (898) | (644) | (898) | PDF p. 123 |
| Other income and gains$'000 | 65 | 705 | 9 | 10 | 35 | 52 | 109 | 767 | PDF p. 123 |
| (Loss)/ Profit before tax$'000 | (4,368) | 1,456 | (23) | 262 | (1,087) | (1,423) | (5,478) | 295 | PDF p. 123 |
| Income tax credit$'000 | – | – | – | – | – | 16 | – | 16 | PDF p. 123 |
| (Loss)/ Profit for the year$'000 | (4,368) | 1,456 | (23) | 262 | (1,087) | (1,407) | (5,478) | 311 | PDF p. 123 |
Notes
Primary measure used to assess segment operating results is gross profit. The Cost of sales row is printed with only 7 values (one dash cell missing in the Others columns); values kept as printed, not aligned or inferred.
All of the Group's business segments operate in Singapore. Revenue from two (FY2024: three) major external customers was approximately 63% (FY2024: 41%) of Group revenue.
Assets, liabilities and reconciliations 3 lines
| Item / unit | 2025Building construction and design | 2024Building construction and design | 2025Renovation and interior design | 2024Renovation and interior design | 2025Others | 2024Others | 2025Group | 2024Group | Source |
|---|---|---|---|---|---|---|---|---|---|
| Assets, liabilities and reconciliations | |||||||||
| Segment assets$'000 | 4,886 | 5,421 | 185 | 98 | 2,477 | 7,117 | 7,548 | 12,636 | PDF p. 124 |
| Addition to | |||||||||
| - Property, plant and equipment$'000 | 1 | 104 | – | – | – | – | 1 | 104 | PDF p. 124 |
| Assets, liabilities and reconciliations | |||||||||
| Segment liabilities$'000 | 5,254 | 4,967 | 411 | 229 | 188 | 267 | 5,853 | 5,463 | PDF p. 124 |
Notes
All of the Group's business segments operate in Singapore; no separate geographical table is presented.
Debt
Borrowings
Borrowing notes 3 tables
Other financial liabilities (bank loan)
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Non-current | |||
| Bank loan$'000 | – | 9 | PDF p. 119 |
| Current | |||
| Bank loan$'000 | 9 | 52 | PDF p. 119 |
| Total | |||
| Total$'000 | 9 | 61 | PDF p. 119 |
Notes
Bank loan is repayable by equal monthly instalments over 5 years from March 2021 (page 120). Secured/unsecured status not stated.
Bank loan fixed interest rate
| Item / unit | 2025% | 2024% | Source |
|---|---|---|---|
| Interest rate | |||
| Bank loan% | 2.5 | 2.5 | PDF p. 120 |
Notes
The bank loan bears fixed interest rates as follows. Bank loan is repayable by equal monthly instalments over 5 years from March 2021.
Lease liabilities
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Lease liabilities | |||
| Lease liabilities - current$'000 | 133 | 126 | PDF p. 120 |
| Lease liabilities - non-current$'000 | 68 | 201 | PDF p. 120 |
Notes
Total 201 (2025) and 327 (2024). Weighted average incremental borrowing rate 5.25% (2024: 5.25%) per year. Total cash outflows for leases of $140,000 (2024: $154,000).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company does not have a fixed dividend policy. Nonetheless, Management will review, inter alia, the Group’s performance in the relevant financial period, projected capital needs and working capital requirements and make appropriate recommendations to the Board on dividend declaration. | Company | PDF p. 73 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Payment to Providers of Capital (Dividends) | Nil | Group, FY2025 (comparatives FY2024: Nil; FY2023: Nil) | PDF p. 37 |
Extracted from Annual report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | PKF-CAP LLP | Group and Company, FY2025 | PDF p. 89 |
| Engagement partner | Titus Kuan Tjian | Group and Company, FY2025 | PDF p. 89 |
| Opinion | Unmodified | Group and Company, year ended 31 December 2025 | PDF p. 85 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Material Uncertainty Related to Going Concern | These events or conditions indicate that a material uncertainty exists that may cast significant doubt on the Group’s and the Company’s ability to continue as going concerns. | Group and Company, FY2025 | PDF p. 85 |
| Note 2 Material uncertainty related to going concern | The Board and the Management are of the opinion that the use of going concern in the preparation of these financial statements is appropriate | Group and Company, FY2025 | PDF p. 94 |
Emphasis of matter
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Assistance in investigating by the Commercial Affairs Department (“CAD”) and the Monetary Authority of Singapore (“MAS”) | We draw your attention to Note 33 to the financial statements which describes the Company providing assistance in investigation by the CAD and the MAS. | Group and Company, FY2025 | PDF p. 85 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Accounting for construction and renovation contracts | Accordingly, we have assessed the accounting for construction and renovation contracts as a key audit matter. | Group, FY2025 | PDF p. 86 |
| Assessment of impairment of trade receivables and contract assets | We identified this as a key audit matter as the assessment of the determination of ECL requires management to exercise significant judgement and estimation. | Group, FY2025 | PDF p. 87 |
| Assessment of impairment of goodwill | We considered this a key audit matter due to the materiality of the balance, and the significant judgements and estimates involved in management’s assessment of the recoverable amount, including the estimation of future cash flows and the application of an appropriate discount rate. | Group, FY2025 | PDF p. 87 |
Extracted from Annual report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.