New Wave 5FX
Financials
Annual Report 2026
Explore the statements
10 tablesStatements of Financial Position (Group and Company)
34 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSGD | 1,846,848 | 1,841,120 | – | – | PDF p. 46 |
| Right-of-use assetsSGD | 343,233 | 558,680 | – | – | PDF p. 46 |
| Investment propertiesSGD | – | 5,170,000 | – | – | PDF p. 46 |
| Investments in subsidiariesSGD | – | – | 5,582,130 | 10,389,971 | PDF p. 46 |
| Intangible assetsSGD | – | – | – | – | PDF p. 46 |
| Deferred tax assetsSGD | – | 5,303 | – | – | PDF p. 46 |
| SubtotalSGD | 2,190,081 | 7,575,103 | 5,582,130 | 10,389,971 | PDF p. 46 |
| Current assets | |||||
| InventoriesSGD | 6,536,633 | 7,505,502 | – | – | PDF p. 46 |
| Trade and other receivablesSGD | 7,143,782 | 5,006,296 | 72,274 | – | PDF p. 46 |
| PrepaymentsSGD | 98,784 | 105,886 | 10,161 | 10,401 | PDF p. 46 |
| Cash and bank balancesSGD | 1,144,759 | 1,062,828 | 13,092 | 22,960 | PDF p. 46 |
| Current income tax recoverableSGD | 143,885 | 481,157 | – | – | PDF p. 46 |
| SubtotalSGD | 15,067,843 | 14,161,669 | 95,527 | 33,361 | PDF p. 46 |
| Assets held for saleSGD | 5,040,000 | – | – | – | PDF p. 46 |
| Current assets (total incl. assets held for sale) | |||||
| SubtotalSGD | 20,107,843 | 14,161,669 | 95,527 | 33,361 | PDF p. 46 |
| Current liabilities | |||||
| Trade and other payablesSGD | 6,540,007 | 5,109,382 | 3,547,191 | 3,325,498 | PDF p. 46 |
| Contract liabilitiesSGD | 465,504 | 780,695 | – | – | PDF p. 46 |
| Lease liabilitiesSGD | 136,314 | 294,985 | – | – | PDF p. 46 |
| Interest-bearing liabilitiesSGD | 3,432,844 | 4,747,810 | – | – | PDF p. 46 |
| SubtotalSGD | 10,574,669 | 10,932,872 | 3,547,191 | 3,325,498 | PDF p. 46 |
| Net current assets | |||||
| Net current assets/(liabilities)SGD | 9,533,174 | 3,228,797 | (3,451,664) | (3,292,137) | PDF p. 46 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSGD | 14,659 | – | – | – | PDF p. 46 |
| Lease liabilitiesSGD | 184,768 | 223,277 | – | – | PDF p. 46 |
| Interest-bearing liabilitiesSGD | 2,452,294 | 510,798 | – | – | PDF p. 46 |
| SubtotalSGD | 2,651,721 | 734,075 | – | – | PDF p. 46 |
| Net assets | |||||
| Net assetsSGD | 9,071,534 | 10,069,825 | 2,130,466 | 7,097,834 | PDF p. 46 |
| Equity | |||||
| Share capitalSGD | 27,459,753 | 27,459,753 | 27,459,753 | 27,459,753 | PDF p. 46 |
| Asset revaluation reserveSGD | 314,842 | 314,842 | – | – | PDF p. 46 |
| Share-based payment reserveSGD | 31,000 | 31,000 | 31,000 | 31,000 | PDF p. 46 |
| Foreign currency translation reserveSGD | (2,385,206) | (2,642,412) | – | – | PDF p. 46 |
| Accumulated lossesSGD | (16,694,822) | (15,277,214) | (25,360,287) | (20,392,919) | PDF p. 46 |
| Equity attributable to owners of the CompanySGD | 8,725,567 | 9,885,969 | 2,130,466 | 7,097,834 | PDF p. 46 |
| Non-controlling interestSGD | 345,967 | 183,856 | – | – | PDF p. 46 |
| Total equitySGD | 9,071,534 | 10,069,825 | 2,130,466 | 7,097,834 | PDF p. 46 |
Definitions & sources
Original report: PDF p. 46 ↗
Printed units: $ (Singapore dollars). Balance sheet as at 31 March 2026 with comparative 2025.
Label 'Equity attributable to owners of the Company' wraps over two lines; quote is the second line carrying the values.
Unlabelled subtotals under Non-current assets, Current assets, Current liabilities and Non-current liabilities have empty labels.
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Comprehensive Income (Group)
23 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Income statement | |||
| RevenueSGD | 20,844,150 | 17,106,044 | PDF p. 47 |
| Cost of salesSGD | (17,246,132) | (14,203,549) | PDF p. 47 |
| Gross profitSGD | 3,598,018 | 2,902,495 | PDF p. 47 |
| Other items of income | |||
| Interest incomeSGD | 6,025 | 6,586 | PDF p. 47 |
| Other incomeSGD | 818,153 | 198,537 | PDF p. 47 |
| Other items of expense | |||
| Distribution costsSGD | (389,613) | (336,286) | PDF p. 47 |
| Administrative expensesSGD | (4,126,679) | (3,953,631) | PDF p. 47 |
| Fair value loss on investment propertiesSGD | (130,000) | – | PDF p. 47 |
| Loss allowance reversed for trade receivablesSGD | 2,544 | 21,515 | PDF p. 47 |
| Other expensesSGD | (474,308) | (581,772) | PDF p. 47 |
| Finance costsSGD | (453,731) | (373,039) | PDF p. 47 |
| Income statement | |||
| Loss before income taxSGD | (1,149,591) | (2,115,595) | PDF p. 47 |
| Income tax expenseSGD | (142,378) | (5,883) | PDF p. 47 |
| Loss for the financial yearSGD | (1,291,969) | (2,121,478) | PDF p. 47 |
| Other comprehensive income: Items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of foreign operationsSGD | 293,678 | 291,127 | PDF p. 47 |
| Other comprehensive income | |||
| Total comprehensive income for the financial yearSGD | (998,291) | (1,830,351) | PDF p. 47 |
| Loss/(profit) for the financial year attributable to | |||
| Owners of the CompanySGD | (1,417,608) | (2,145,191) | PDF p. 47 |
| Non-controlling interestSGD | 125,639 | 23,713 | PDF p. 47 |
| Loss/(profit) for the financial year attributable to (total) | |||
| SubtotalSGD | (1,291,969) | (2,121,478) | PDF p. 47 |
| Total comprehensive income attributable to | |||
| Owners of the CompanySGD | (1,160,402) | (1,864,688) | PDF p. 47 |
| Non-controlling interestSGD | 162,111 | 34,337 | PDF p. 47 |
| Total comprehensive income attributable to (total) | |||
| SubtotalSGD | (998,291) | (1,830,351) | PDF p. 47 |
| Loss per share (Cents per share) | |||
| – Basic and dilutedcents per share | (0.08) | (0.12) | PDF p. 47 |
Definitions & sources
Original report: PDF p. 47 ↗
Printed units: $; loss per share in Cents per share.
The accompanying notes form an integral part of these financial statements.
No separate income statement for the Company is presented in the report pages read (only a Company statement of financial position).
Consolidated Statement of Comprehensive Income (Group)
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY ended 31 March 2026 | 2025Group, FY ended 31 March 2025 | Source |
|---|---|---|---|
| Income | |||
| Revenue$ | 20,844,150 | 17,106,044 | PDF p. 47 |
| Cost of sales$ | (17,246,132) | (14,203,549) | PDF p. 47 |
| Gross profit$ | 3,598,018 | 2,902,495 | PDF p. 47 |
| Other items of income | |||
| Interest income$ | 6,025 | 6,586 | PDF p. 47 |
| Other income$ | 818,153 | 198,537 | PDF p. 47 |
| Other items of expense | |||
| Distribution costs$ | (389,613) | (336,286) | PDF p. 47 |
| Administrative expenses$ | (4,126,679) | (3,953,631) | PDF p. 47 |
| Fair value loss on investment properties$ | (130,000) | – | PDF p. 47 |
| Loss allowance reversed for trade receivables$ | 2,544 | 21,515 | PDF p. 47 |
| Other expenses$ | (474,308) | (581,772) | PDF p. 47 |
| Finance costs$ | (453,731) | (373,039) | PDF p. 47 |
| Income | |||
| Loss before income tax$ | (1,149,591) | (2,115,595) | PDF p. 47 |
| Income tax expense$ | (142,378) | (5,883) | PDF p. 47 |
| Loss for the financial year$ | (1,291,969) | (2,121,478) | PDF p. 47 |
| Other comprehensive income: Items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of foreign operations$ | 293,678 | 291,127 | PDF p. 47 |
| Other comprehensive income | |||
| Total comprehensive income for the financial year$ | (998,291) | (1,830,351) | PDF p. 47 |
| Loss/(profit) for the financial year attributable to | |||
| Owners of the Company$ | (1,417,608) | (2,145,191) | PDF p. 47 |
| Non-controlling interest$ | 125,639 | 23,713 | PDF p. 47 |
| Total comprehensive income attributable to | |||
| Owners of the Company$ | (1,160,402) | (1,864,688) | PDF p. 47 |
| Non-controlling interest$ | 162,111 | 34,337 | PDF p. 47 |
| Loss per share (Cents per share) | |||
| – Basic and dilutedCents per share | (0.08) | (0.12) | PDF p. 47 |
Definitions & sources
Original report: PDF p. 47 ↗
Amounts in $ (Singapore dollars as printed '$'). Attribution subsections included.
Consolidated Statement of Cash Flows (Group)
39 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY ended 31 March 2026 | 2025Group, FY ended 31 March 2025 | Source |
|---|---|---|---|
| Operating activities | |||
| Loss before income tax$ | (1,149,591) | (2,115,595) | PDF p. 51 |
| Operating activities - Adjustments for | |||
| Loss allowance reversed for trade receivables, net$ | (2,544) | (21,515) | PDF p. 51 |
| Amortisation of right-of-use assets$ | 291,279 | 476,990 | PDF p. 51 |
| Bad debts written off$ | 99 | 4,687 | PDF p. 51 |
| Fair value loss on investment properties$ | 130,000 | – | PDF p. 51 |
| Depreciation of property, plant and equipment$ | 87,369 | 99,389 | PDF p. 51 |
| Gain on disposal of property, plant and equipment$ | (98,278) | (8,166) | PDF p. 51 |
| Gain on disposal of right-of-use assets$ | (52,236) | – | PDF p. 51 |
| Plant and equipment written off$ | 27 | 407 | PDF p. 51 |
| Gain on lease termination$ | (2,837) | (250) | PDF p. 51 |
| Interest expense$ | 453,731 | 373,039 | PDF p. 51 |
| Interest income$ | (6,025) | (6,586) | PDF p. 51 |
| Inventories written down/(back)$ | 23,865 | (395) | PDF p. 51 |
| Unrealised foreign exchange gain$ | (157,851) | (38,542) | PDF p. 51 |
| Operating activities | |||
| Operating cash flows before working capital changes$ | (482,992) | (1,236,537) | PDF p. 51 |
| Operating activities - Working capital changes | |||
| Inventories$ | 1,156,267 | 1,612,667 | PDF p. 51 |
| Trade and other receivables$ | (1,822,056) | (1,290,644) | PDF p. 51 |
| Trade and other payables$ | 1,304,719 | 1,125,080 | PDF p. 51 |
| Contract liabilities$ | (315,191) | 349,189 | PDF p. 51 |
| Prepayments$ | 9,070 | 77,703 | PDF p. 51 |
| Operating activities | |||
| Cash (used in)/from operations$ | (150,183) | 637,458 | PDF p. 51 |
| Interest received$ | 6,025 | 6,586 | PDF p. 51 |
| Income taxes refunded/(paid), net$ | 230,831 | (131,190) | PDF p. 51 |
| Net cash generated from operating activities$ | 86,673 | 512,854 | PDF p. 51 |
| Investing activities | |||
| Proceeds from disposal of property, plant and equipment$ | 119,314 | 15,348 | PDF p. 51 |
| Consideration received from disposal of right-of-use assets$ | 74,163 | – | PDF p. 51 |
| Purchase of property, plant and equipment$ | (27,571) | (42,534) | PDF p. 51 |
| Net cash generated from/(used in) investing activities$ | 165,906 | (27,186) | PDF p. 51 |
| Financing activities | |||
| Proceeds from trust receipts (Note A)$ | 4,272,699 | 8,490,074 | PDF p. 51 |
| Repayment of trust receipts (Note A)$ | (4,888,483) | (8,382,938) | PDF p. 51 |
| Proceeds from a term loan (Note A)$ | 2,599,622 | 1,500,000 | PDF p. 51 |
| Repayment of term loans (Note A)$ | (1,317,695) | (1,152,099) | PDF p. 51 |
| Repayment of principal portion of lease liabilities$ | (305,425) | (461,192) | PDF p. 51 |
| Interest paid$ | (453,731) | (373,039) | PDF p. 51 |
| Net cash used in financing activities$ | (93,013) | (379,194) | PDF p. 51 |
| Closing cash | |||
| Net change in cash and cash equivalents$ | 159,566 | 106,474 | PDF p. 51 |
| Cash and cash equivalents as at the beginning of the financial year$ | 881,941 | 758,309 | PDF p. 51 |
| Effects of currency translation on cash and cash equivalents$ | 29,825 | 17,158 | PDF p. 51 |
| Cash and cash equivalents as at the end of the financial year$ | 1,071,332 | 881,941 | PDF p. 51 |
Definitions & sources
Original report: PDF p. 51 ↗
Amounts in $. No Company cash flow statement is presented.
Note A: Reconciliation of liabilities arising from financing activities, FY2026 (Group)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, 1 April 2025 opening | 2026Group, Financing cash flows FY2026 | 2026Group, Non-cash: reclassification of trust receipts to term loans FY2026 | 2026Group, Non-cash: foreign exchange differences FY2026 | 2026Group, 31 March 2026 closing | Source |
|---|---|---|---|---|---|---|
| Note A 2026 | ||||||
| Trust receipts (Note 15)$ | 2,788,976 | (615,784) | (1,021,565) | 35,462 | 1,187,089 | PDF p. 52 |
| Term loans (Note 15)$ | 2,288,745 | 1,281,927 | 1,021,565 | 32,385 | 4,624,622 | PDF p. 52 |
| Note A 2026 (unlabelled total row) | ||||||
| Total$ | 5,077,721 | 666,143 | – | 67,847 | 5,811,711 | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
Column order as printed: 1 April 2025, Financing cash flows, Reclassification of trust receipts to term loans, Foreign exchange differences, 31 March 2026. Amounts in $.
Note A: Reconciliation of liabilities arising from financing activities, FY2025 (Group)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, 1 April 2024 opening | 2025Group, Financing cash flows FY2025 | 2025Group, Non-cash: foreign exchange differences FY2025 | 2025Group, 31 March 2025 closing | Source |
|---|---|---|---|---|---|
| Note A 2025 | |||||
| Trust receipts (Note 15)$ | 2,646,975 | 107,136 | 34,865 | 2,788,976 | PDF p. 52 |
| Term loan (Note 15)$ | 1,906,587 | 347,901 | 34,257 | 2,288,745 | PDF p. 52 |
| Note A 2025 (unlabelled total row) | |||||
| Total$ | 4,553,562 | 455,037 | 69,122 | 5,077,721 | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
Column order as printed: 1 April 2024, Financing cash flows, Foreign exchange differences (non-cash), 31 March 2025. Amounts in $.
Consolidated Statement of Changes in Equity, FY ended 31 March 2026 (Group)
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, Share capital | 2026Group, Asset revaluation reserve | 2026Group, Share-based payment reserve | 2026Group, Foreign currency translation reserve | 2026Group, Accumulated losses | 2026Group, Equity attributable to owners of the Company | 2026Group, Non-controlling interest | 2026Group, Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||
| Balance as at 1.4.2025$ | 27,459,753 | 314,842 | 31,000 | (2,642,412) | (15,277,214) | 9,885,969 | 183,856 | 10,069,825 | PDF p. 48 |
| Loss for the financial year$ | – | – | – | – | (1,417,608) | (1,417,608) | 125,639 | (1,291,969) | PDF p. 48 |
| Group - Other comprehensive income for the financial year | |||||||||
| Exchange differences on translation of foreign operations$ | – | – | – | 257,206 | – | 257,206 | 36,472 | 293,678 | PDF p. 48 |
| Group | |||||||||
| Total comprehensive income for the financial year$ | – | – | – | 257,206 | (1,417,608) | (1,160,402) | 162,111 | (998,291) | PDF p. 48 |
| Balance as at 31.3.2026$ | 27,459,753 | 314,842 | 31,000 | (2,385,206) | (16,694,822) | 8,725,567 | 345,967 | 9,071,534 | PDF p. 48 |
Definitions & sources
Original report: PDF p. 48 ↗
Amounts in $. Movements for FY2026 on pages 48 (physical).
Consolidated Statement of Changes in Equity, FY ended 31 March 2025 (Group comparative)
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, Share capital | 2025Group, Asset revaluation reserve | 2025Group, Share-based payment reserve | 2025Group, Foreign currency translation reserve | 2025Group, Accumulated losses | 2025Group, Equity attributable to owners of the Company | 2025Group, Non-controlling interest | 2025Group, Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||
| Balance as at 1.4.2024$ | 27,459,753 | 314,842 | 31,000 | (2,922,915) | (13,132,023) | 11,750,657 | 149,519 | 11,900,176 | PDF p. 49 |
| Loss for the financial year$ | – | – | – | – | (2,145,191) | (2,145,191) | 23,713 | (2,121,478) | PDF p. 49 |
| Group - Other comprehensive income for the financial year | |||||||||
| Exchange differences on translation of foreign operations$ | – | – | – | 280,503 | – | 280,503 | 10,624 | 291,127 | PDF p. 49 |
| Group | |||||||||
| Total comprehensive income for the financial year$ | – | – | – | 280,503 | (2,145,191) | (1,864,688) | 34,337 | (1,830,351) | PDF p. 49 |
| Balance as at 31.3.2025$ | 27,459,753 | 314,842 | 31,000 | (2,642,412) | (15,277,214) | 9,885,969 | 183,856 | 10,069,825 | PDF p. 49 |
Definitions & sources
Original report: PDF p. 49 ↗
Amounts in $.
Statements of Changes in Equity (Company), FY2026 and FY2025
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Company, Share capital | 2026Company, Share-based payment reserve | 2026Company, Accumulated losses | 2026Company, Total equity | Source |
|---|---|---|---|---|---|
| Company | |||||
| Balance as at 1.4.2025$ | 27,459,753 | 31,000 | (20,392,919) | 7,097,834 | PDF p. 50 |
| Company FY2026 | |||||
| Loss for the financial year, representing total comprehensive income for the financial year$ | – | – | (4,967,368) | (4,967,368) | PDF p. 50 |
| Company | |||||
| Balance as at 31.3.2026$ | 27,459,753 | 31,000 | (25,360,287) | 2,130,466 | PDF p. 50 |
| Company FY2025 | |||||
| Balance as at 1.4.2024$ | 27,459,753 | 31,000 | (19,823,123) | 7,667,630 | PDF p. 50 |
| Loss for the financial year, representing total comprehensive income for the financial year$ | – | – | (569,796) | (569,796) | PDF p. 50 |
| Balance as at 31.3.2025$ | 27,459,753 | 31,000 | (20,392,919) | 7,097,834 | PDF p. 50 |
Definitions & sources
Original report: PDF p. 50 ↗
Amounts in $. Rows for FY2025 movements (opening 1.4.2024 to closing 31.3.2025) are labelled with dates in the row labels and use the same four columns.
Note 25 Loss per share (Group)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Loss per share (Cents per share) | |||
| – Basic and dilutedCents per share | (0.08) | (0.12) | PDF p. 85 |
| The calculation of basic and diluted loss per share is based on | |||
| Loss attributable to the owners of the Company ($)$ | (1,417,608) | (2,145,191) | PDF p. 85 |
| Actual number of ordinary sharesnumber of shares | 1,727,469,695 | 1,727,469,695 | PDF p. 85 |
Definitions & sources
Original report: PDF p. 85 ↗
Basic loss per share is calculated by dividing the Group’s loss attributable to the owners of the parent by the actual number of shares in issue during the financial year.
Diluted loss per share for the current financial year is the same as the basic loss per share as the Group does not have any potential dilutive ordinary shares as at the end of the current and previous financial years.
Where the money comes from
Segment information
By business
Business segments – Group 16 lines
| Item / unit | 2026Components distribution | 2026Aluminium products distribution | 2026Unallocated | 2026Consolidated | 2025Components distribution | 2025Aluminium products distribution | 2025Unallocated | 2025Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| External revenue$ | 2,073,765 | 18,770,385 | – | 20,844,150 | 2,225,600 | 14,880,444 | – | 17,106,044 | PDF p. 88PDF p. 89 |
| Results | |||||||||
| Segment results$ | (10,820) | 618,729 | (801,146) | (193,237) | 133,026 | (520,374) | (785,415) | (1,172,763) | PDF p. 88PDF p. 89 |
| Interest income$ | 520 | 5,505 | – | 6,025 | 376 | 6,209 | 1 | 6,586 | PDF p. 88PDF p. 89 |
| Finance costs$ | (303,246) | (150,485) | – | (453,731) | (106,532) | (266,507) | – | (373,039) | PDF p. 88PDF p. 89 |
| Amortisation of right-of-use assets$ | – | (291,279) | – | (291,279) | – | (476,990) | – | (476,990) | PDF p. 88PDF p. 89 |
| (Loss)/Profit before income tax$ | (472,285) | 123,840 | (801,146) | (1,149,591) | PDF p. 88 | ||||
| Income tax expense$ | – | (142,378) | – | (142,378) | – | (5,883) | – | (5,883) | PDF p. 88PDF p. 89 |
| Loss after income tax$ | (472,285) | (18,538) | (801,146) | (1,291,969) | (2,684) | (1,333,380) | (785,414) | (2,121,478) | PDF p. 88PDF p. 89 |
| Capital expenditure | |||||||||
| Additions to non-current assets*$ | 21,759 | 237,468 | – | 259,227 | 27,412 | 309,084 | – | 336,496 | PDF p. 88PDF p. 89 |
| Assets and liabilities | |||||||||
| Segment assets$ | 6,364,980 | 15,765,806 | 23,253 | 22,154,039 | 7,151,110 | 14,065,841 | 33,361 | 21,250,312 | PDF p. 88PDF p. 89 |
| Current income tax recoverable$ | – | 143,885 | – | 143,885 | PDF p. 88 | ||||
| Total assets$ | 6,364,980 | 15,909,691 | 23,253 | 22,297,924 | 7,157,549 | 14,545,862 | 33,361 | 21,736,772 | PDF p. 88PDF p. 89 |
| Segment liabilities$ | 4,923,770 | 7,892,070 | 395,891 | 13,211,731 | 3,257,456 | 8,066,991 | 342,500 | 11,666,947 | PDF p. 88PDF p. 89 |
| Deferred tax liabilities$ | – | 14,659 | – | 14,659 | PDF p. 88 | ||||
| Total liabilities$ | 4,923,770 | 7,906,729 | 395,891 | 13,226,390 | 3,257,456 | 8,066,991 | 342,500 | 11,666,947 | PDF p. 88PDF p. 89 |
| Results | |||||||||
| Loss before income tax$ | (2,684) | (1,327,497) | (785,414) | (2,115,595) | PDF p. 89 | ||||
Notes
Header as printed: Components distribution / Aluminium products distribution / Unallocated / Consolidated; all in $. Year ended 31 March 2026.
All in $. Year ended 31 March 2025 (comparative).
* Additions to non-current assets comprise of additions of property, plant and equipment and right-of-use assets.
By geography
Geographical information – Non-current assets 1 lines
| Item / unit | 2026Singapore | 2026Malaysia | 2026People’s Republic of China | 2026Total | Source |
|---|---|---|---|---|---|
| Group 2026 | |||||
| Non-current assets (2026)$ | 519,230 | 1,401,055 | 269,796 | 2,190,081 | PDF p. 90 |
Notes
Columns apply to 2026 row; 2025 row has the same columns (Singapore 5,928,670; Malaysia 1,394,582; PRC 246,548; Total 7,569,800). All in $.
Sales revenue is based on the country in which goods are delivered (Note 20). Non-current assets consist primarily of property, plant and equipment, right-of-use assets, investment properties and intangible assets, shown by geographical area where located.
Major customers: Revenue from three (2025: four) major customers of the aluminium products distribution segment represents approximately 14% (2025: 14%) of total revenue.
Geographic revenue not printed in this note.
Geographical information – Non-current assets 2025 1 lines
| Item / unit | 2025Singapore | 2025Malaysia | 2025People’s Republic of China | 2025Total | Source |
|---|---|---|---|---|---|
| Group 2025 | |||||
| Non-current assets (2025)$ | 5,928,670 | 1,394,582 | 246,548 | 7,569,800 | PDF p. 90 |
Notes
All in $.
Debt
Borrowings
Lease liabilities maturity analysis, current/non-current and currency
| Item / unit | 2026$ | 2025$ | Source |
|---|---|---|---|
| Contractual undiscounted cash flows | |||
| Not later than a year$ | 148,043 | 313,268 | PDF p. 75 |
| Later than one year and not later than five years$ | 190,504 | 239,055 | PDF p. 75 |
| Total undiscounted (unlabelled subtotal)$ | 338,547 | 552,323 | PDF p. 75 |
| Less: Future interest expense$ | (17,465) | (34,061) | PDF p. 75 |
| Present value of lease liabilities$ | 321,082 | 518,262 | PDF p. 75 |
| Presented in the statement of financial position as | |||
| Current$ | 136,314 | 294,985 | PDF p. 75 |
| Non-current$ | 184,768 | 223,277 | PDF p. 75 |
| Currency denomination | |||
| Singapore dollar$ | – | 195,154 | PDF p. 75 |
| Malaysian ringgit$ | 123,148 | 170,783 | PDF p. 75 |
| Chinese renminbi$ | 197,934 | 152,325 | PDF p. 75 |
Notes
Interest rates are fixed at the contract date. Incremental borrowing rate ranged from 2.68% to 6.82% (2025: 2.68% to 6.82%).
Certain lease liabilities are secured by leased assets, which revert to the lessor on default; assets with carrying amount $33,839 (2025: $95,078) are secured over lease liabilities of $24,162 (2025: $81,587).
Contractual maturity analysis of financial liabilities (Group, undiscounted)
| Item / unit | 2026On demand or less than one year, $ | 2026Later than one year and not later than five years, $ | 2026More than five years, $ | 2026Total, $ | Source |
|---|---|---|---|---|---|
| 2026 Fixed interest bearing | |||||
| – term loan$ | 1,896,842 | 3,098,962 | – | 4,995,804 | PDF p. 96 |
| 2026 Financial liabilities | |||||
| Variable interest bearing$ | 1,894,049 | – | – | 1,894,049 | PDF p. 96 |
| Lease liabilities$ | 148,043 | 190,504 | – | 338,547 | PDF p. 96 |
Notes
Table based on undiscounted cash flows including interest and principal. (1) Excluded GST payables, deposits received from customers and accrued unutilised leave.
2025 comparative rows are given in the separate table for 2025.
Contractual maturity analysis of financial liabilities (Group, undiscounted)
| Item / unit | 2026On demand or less than one year, $ | 2026Later than one year and not later than five years, $ | 2026More than five years, $ | 2026Total, $ | 2025On demand or less than one year, $ | 2025Later than one year and not later than five years, $ | 2025More than five years, $ | 2025Total, $ | Source |
|---|---|---|---|---|---|---|---|---|---|
| Fixed interest bearing | |||||||||
| – term loan$ | 1,896,842 | 3,098,962 | – | 4,995,804 | 1,747,100 | – | – | 1,747,100 | PDF p. 96 |
| Financial liabilities | |||||||||
| Variable interest bearing$ | 1,894,049 | – | – | 1,894,049 | 3,084,989 | 318,757 | 298,834 | 3,702,580 | PDF p. 96 |
| Lease liabilities$ | 148,043 | 190,504 | – | 338,547 | 313,268 | 239,055 | – | 552,323 | PDF p. 96 |
Notes
Table based on undiscounted cash flows including interest and principal. (1) Excluded GST payables, deposits received from customers and accrued unutilised leave.
2025 comparative rows are given in the separate table for 2025.
Table based on undiscounted cash flows including interest and principal.
Borrowing notes 2 tables
Interest-bearing liabilities
| Item / unit | 2026$ | 2025$ | Source |
|---|---|---|---|
| Current liabilities | |||
| Term loans – secured$ | 2,172,328 | 1,554,025 | PDF p. 76 |
| Term loans – unsecured$ | – | 223,922 | PDF p. 76 |
| Bank overdrafts – unsecured$ | 73,427 | 180,887 | PDF p. 76 |
| Trust receipts – secured$ | 490,760 | – | PDF p. 76 |
| Trust receipts – unsecured$ | 696,329 | 2,788,976 | PDF p. 76 |
| Total current interest-bearing liabilities (unlabelled subtotal)$ | 3,432,844 | 4,747,810 | PDF p. 76 |
| Non-current liabilities | |||
| Term loans – secured$ | 2,452,294 | 510,798 | PDF p. 76 |
| Total | |||
| Total interest-bearing liabilities$ | 5,885,138 | 5,258,608 | PDF p. 76 |
Notes
Term loans are repayable over 60 to 240 monthly instalments from their respective first drawdown date.
Trust receipts have maturity date of 150 days from the date of invoice and/or the date of drawdown. During the financial year, trust receipt amounting to $1,021,565 were converted into term loans.
The Group's interest-bearing liabilities (term loans and trust receipts) amounting to $5,115,382 (2025: $2,064,823) were secured by corporate guarantees provided by the Company, a charge over a freehold property of the Group (Note 3) and charges over assets held for sale (Note 12) (2025: investment properties).
Company has no interest-bearing liabilities (shown as dash on balance sheet).
Interest-bearing liabilities by currency and undrawn facilities
| Item / unit | 2026$ | 2025$ | Source |
|---|---|---|---|
| Currency denomination | |||
| United States dollar$ | 895,422 | 1,990,879 | PDF p. 77 |
| Singapore dollar$ | 4,154,602 | 2,231,914 | PDF p. 77 |
| Malaysian ringgit$ | 835,114 | 1,035,815 | PDF p. 77 |
| Undrawn banking facilities | |||
| Facilities undrawn$ | 308,971 | 3,483,809 | PDF p. 77 |
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company currently does not have a fixed dividend policy. The declaration and payment of future dividends will depend upon the Group’s operating results, cash flows projections and investment plans. | Company, FY2026 | PDF p. 27 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend proposed for FY2026 | The Company did not propose any dividend payment as the Company did not have any distributable profits for FY2026. | Company, FY2026 | PDF p. 27 |
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 |
|---|---|---|---|
| BDO LLP | BDO LLP | Group and Company, FY ended 31 March 2026 | PDF p. 45 |
| Tan Yong Sheng, Kelvin | Tan Yong Sheng, Kelvin | Group and Company, FY ended 31 March 2026 | PDF p. 45 |
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.