EuroSports Gbl 5G1

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Financials

Annual report

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10 tables

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

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Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group) from Annual report
Metric / unit 2026Group, FY ended 31 March 20262025Group, FY ended 31 March 2025 Source
Income statement
Revenue$'000 41,39053,623 PDF p. 122
Cost of sales$'000 (35,241)(47,303) PDF p. 122
Gross profit$'000 6,1496,320 PDF p. 122
Other income$'000 1,7121,858 PDF p. 122
Interest income$'000 776 PDF p. 122
Other gains$'000 2,028– PDF p. 122
Marketing and distribution expenses$'000 (1,059)(1,477) PDF p. 122
Administrative expenses$'000 (7,566)(10,722) PDF p. 122
Other losses$'000 (159)(1,211) PDF p. 122
Finance costs$'000 (1,869)(1,104) PDF p. 122
Loss before tax$'000 (757)(6,260) PDF p. 122
Income tax credit/(expense)$'000 11(110) PDF p. 122
Net loss for the year$'000 (746)(6,370) PDF p. 122
Net loss for the year attributable to
Owners of the company$'000 (891)(5,761) PDF p. 122
Non-controlling interests$'000 145(609) PDF p. 122
Subtotal$'000 (746)(6,370) PDF p. 122
Loss per share
Basic and dilutedCents (0.35)(2.35) PDF p. 122
Definitions & sources

The accompanying notes form an integral part of these financial statements.

Statement is Group only; no separate Company income statement was printed in the primary statements.

Statements of Financial Position (Group and Company)

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Statements of Financial Position (Group and Company) from Annual report
Metric / unit 2026Group, as at 31 March 20262025Group, as at 31 March 20252026Company, as at 31 March 20262025Company, as at 31 March 2025 Source
Non-current assets
Plant and equipment$'000 1,1271,616–– PDF p. 123
Right-of-use assets$'000 1,5383,6011,4613,408 PDF p. 123
Intangible assets$'000 13,40113,365–– PDF p. 123
Investment in subsidiaries$'000 ––14,46912,444 PDF p. 123
Financial assets$'000 139139139139 PDF p. 123
Total non-current assets$'000 16,20518,72116,06915,991 PDF p. 123
Current assets
Inventories$'000 12,46415,293–– PDF p. 123
Trade and other receivables$'000 3,5051,8609,6948,594 PDF p. 123
Other non-financial assets$'000 6,9106,600573574 PDF p. 123
Cash and cash equivalents$'000 5,7527,3047746 PDF p. 123
Total current assets$'000 28,63131,05710,3449,214 PDF p. 123
Assets
Total assets$'000 44,83649,77826,41325,205 PDF p. 123
Equity
Share capital$'000 18,46918,46918,46918,469 PDF p. 123
Treasury shares$'000 (288)(3,810)(288)(3,810) PDF p. 123
Other reserves$'000 576627225– PDF p. 123
Accumulated losses$'000 (16,968)(14,854)(15,869)(14,307) PDF p. 123
Equity attributable to owners of the company$'000 1,7894322,537352 PDF p. 123
Non-controlling interests$'000 2,1403,275–– PDF p. 123
Total equity$'000 3,9293,7072,537352 PDF p. 123
Non-current liabilities
Other financial liabilities$'000 5,72912,6884,92912,239 PDF p. 123
Lease liabilities$'000 –1,919–1,919 PDF p. 123
Total non-current liabilities$'000 5,72914,6074,92914,158 PDF p. 123
Current liabilities
Trade and other payables$'000 5,6216,6057,5857,382 PDF p. 123
Other financial liabilities$'000 16,49710,7769,8491,800 PDF p. 123
Lease liabilities$'000 1,5911,7101,5131,513 PDF p. 123
Other non-financial liabilities$'000 11,43612,231–– PDF p. 123
Income tax payable$'000 33142–– PDF p. 123
Total current liabilities$'000 35,17831,46418,94710,695 PDF p. 123
Liabilities
Total liabilities$'000 40,90746,07123,87624,853 PDF p. 123
Equity and liabilities
Total equity and liabilities$'000 44,83649,77826,41325,205 PDF p. 123
Definitions & sources

The accompanying notes form an integral part of these financial statements.

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

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Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group) from Annual report
Metric / unit 2026Group, FY ended 31 March 2026, $'0002025Group, FY ended 31 March 2025, $'000 Source
Profit or loss
Revenue$'000 41,39053,623 PDF p. 122
Cost of sales$'000 (35,241)(47,303) PDF p. 122
Gross profit$'000 6,1496,320 PDF p. 122
Other income$'000 1,7121,858 PDF p. 122
Interest income$'000 776 PDF p. 122
Other gains$'000 2,028– PDF p. 122
Marketing and distribution expenses$'000 (1,059)(1,477) PDF p. 122
Administrative expenses$'000 (7,566)(10,722) PDF p. 122
Other losses$'000 (159)(1,211) PDF p. 122
Finance costs$'000 (1,869)(1,104) PDF p. 122
Loss before tax$'000 (757)(6,260) PDF p. 122
Income tax credit/(expense)$'000 11(110) PDF p. 122
Net loss for the year$'000 (746)(6,370) PDF p. 122
Net loss for the year attributable to
Owners of the company$'000 (891)(5,761) PDF p. 122
Non-controlling interests$'000 145(609) PDF p. 122
Loss per share
Basic and dilutedCents (0.35)(2.35) PDF p. 122
Definitions & sources

No separate other comprehensive income items are printed; statement titled Profit or Loss and Other Comprehensive Income. Loss per share in Cents. The accompanying notes form an integral part of these financial statements.

Consolidated Statement of Cash Flows (Group)

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Consolidated Statement of Cash Flows (Group) from Annual report
Metric / unit 2026Group, FY ended 31 March 2026, $'0002025Group, FY ended 31 March 2025, $'000 Source
Cash flows from/(used in) operating activities
Loss before tax$'000 (757)(6,260) PDF p. 125
Adjustments for
Depreciation of plant and equipment$'000 292399 PDF p. 125
Depreciation of right-of-use assets$'000 2,1532,630 PDF p. 125
Loss on disposal of plant and equipment$'000 159219 PDF p. 125
Changes in fair value of convertible bond$'000 (1,430)– PDF p. 125
Interest income$'000 (7)(76) PDF p. 125
Interest expense on financial liabilities$'000 1,695837 PDF p. 125
Interest expense on lease liabilities$'000 174267 PDF p. 125
Performance share expenses$'000 (148)446 PDF p. 125
Cash flows from/(used in) operating activities
Operating cash flows from/(used in) before changes in working capital$'000 2,131(1,538) PDF p. 125
Inventories$'000 2,829(3,170) PDF p. 125
Trade and other receivables$'000 (1,645)419 PDF p. 125
Other non-financial assets$'000 (310)(305) PDF p. 125
Other non-financial liabilities$'000 (795)239 PDF p. 125
Trade and other payables$'000 (984)1,534 PDF p. 125
Net cash flows used in operations$'000 1,226(2,821) PDF p. 125
Income tax expense$'000 (98)(69) PDF p. 125
Net cash flows from/(used in) operating activities$'000 1,128(2,890) PDF p. 125
Cash flows used in investing activities
Investment in subsidiary$'000 (1,800)– PDF p. 125
Additions to intangible assets$'000 (36)(2,018) PDF p. 125
Purchase of plant and equipment (Note 12)$'000 (25)(336) PDF p. 125
Disposal of plant and equipment$'000 6346 PDF p. 125
Interest income received$'000 776 PDF p. 125
Net cash flows used in investing activities$'000 (1,791)(2,232) PDF p. 125
Cash flows from financing activities
Repayment of loans borrowing$'000 (9,345)(25,428) PDF p. 125
Increase in loans and borrowing$'000 9,53737,062 PDF p. 125
Decrease/(increase) in security deposits for banking facilities$'000 941(1,206) PDF p. 125
Purchase of treasury shares$'000 (84)(387) PDF p. 125
Sale of treasury shares$'000 3,000– PDF p. 125
Repayment of lease liabilities$'000 (2,302)(3,286) PDF p. 125
Interest expense paid$'000 (1,695)(837) PDF p. 125
Net cash flows from financing activities$'000 525,918 PDF p. 125
Cash and cash equivalents
Net (decrease)/increase in cash and cash equivalents$'000 (611)796 PDF p. 125
Cash and cash equivalents, statement of cash flows, beginning balance$'000 1,533737 PDF p. 125
Cash and cash equivalents, statement of cash flows, ending balance (Note 20A)$'000 9221,533 PDF p. 125
Definitions & sources

The accompanying notes form an integral part of these financial statements. Only Group cash flow statement is printed (no Company cash flow).

Statements of Changes in Equity - Group, current year (1 April 2025 to 31 March 2026)

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Statements of Changes in Equity - Group, current year (1 April 2025 to 31 March 2026) from Annual report
Metric / unit 2026Group, Share capital, $'0002026Group, Treasury shares, $'0002026Group, Other reserves, $'0002026Group, Accumulated losses, $'0002026Group, Sub-total attributable to owners of the company, $'0002026Group, Non-controlling interests, $'0002026Group, Total equity, $'000 Source
Current year
Opening balance at 1 April 2025$'000 18,469(3,810)627(14,854)4323,2753,707 PDF p. 124
Total comprehensive loss for the year$'000 –––(891)(891)145(746) PDF p. 124
Purchase of treasury shares (Note 22)$'000 –(84)––(84)–(84) PDF p. 124
Disposal of treasury shares$'000 –3,606–(606)3,000–3,000 PDF p. 124
Acquisition of interest in a subsidiary without change in control$'000 –––(617)(617)(1,183)(1,800) PDF p. 124
Share-based payments (Note 9A)$'000 ––(51)–(51)(97)(148) PDF p. 124
Closing balance at 31 March 2026$'000 18,469(288)576(16,968)1,7892,1403,929 PDF p. 124
Definitions & sources

Current year, opening balance at 1 April 2025, closing at 31 March 2026. The accompanying notes form an integral part of these financial statements.

Statements of Changes in Equity - Group, previous year (1 April 2024 to 31 March 2025)

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Statements of Changes in Equity - Group, previous year (1 April 2024 to 31 March 2025) from Annual report
Metric / unit 2025Group, Share capital, $'0002025Group, Treasury shares, $'0002025Group, Other reserves, $'0002025Group, Accumulated losses, $'0002025Group, Sub-total attributable to owners of the company, $'0002025Group, Non-controlling interests, $'0002025Group, Total equity, $'000 Source
Previous year
Opening balance at 1 April 2024$'000 18,469(3,423)423(9,219)6,2503,76810,018 PDF p. 124
Total comprehensive loss for the year$'000 –––(5,761)(5,761)(609)(6,370) PDF p. 124
Purchase of treasury shares (Note 22)$'000 –(387)––(387)–(387) PDF p. 124
Share-based payments (Note 9A)$'000 ––204126330116446 PDF p. 124
Closing balance at 31 March 2025$'000 18,469(3,810)627(14,854)4323,2753,707 PDF p. 124
Definitions & sources

Previous year, opening balance at 1 April 2024, closing at 31 March 2025.

Statements of Changes in Equity - Company, current year (1 April 2025 to 31 March 2026)

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Statements of Changes in Equity - Company, current year (1 April 2025 to 31 March 2026) from Annual report
Metric / unit 2026Company, Share capital, $'0002026Company, Treasury shares, $'0002026Company, Other reserves, $'0002026Company, Accumulated losses, $'0002026Company, Total equity, $'000 Source
Current year
Opening balance at 1 April 2025$'000 18,469(3,810)–(14,307)352 PDF p. 124
Total comprehensive loss for the year$'000 –––(956)(956) PDF p. 124
Purchase of treasury shares (Note 22)$'000 –(84)––(84) PDF p. 124
Disposal of treasury shares$'000 –3,606–(606)3,000 PDF p. 124
Share-based payments (Note 9A)$'000 ––225–225 PDF p. 124
Closing balance at 31 March 2026$'000 18,469(288)225(15,869)2,537 PDF p. 124
Definitions & sources

Company current year.

Statements of Changes in Equity - Company, previous year (1 April 2024 to 31 March 2025)

4 metrics

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Statements of Changes in Equity - Company, previous year (1 April 2024 to 31 March 2025) from Annual report
Metric / unit 2025Company, Share capital, $'0002025Company, Treasury shares, $'0002025Company, Other reserves, $'0002025Company, Accumulated losses, $'0002025Company, Total equity, $'000 Source
Previous year
Opening balance at 1 April 2024$'000 18,469(3,423)–(12,402)2,644 PDF p. 124
Total comprehensive loss for the year$'000 –––(1,905)(1,905) PDF p. 124
Purchase of treasury shares (Note 22)$'000 –(387)––(387) PDF p. 124
Closing balance at 31 March 2025$'000 18,469(3,810)–(14,307)352 PDF p. 124
Definitions & sources

Company previous year.

Consolidated statement of profit or loss - Loss per share (Group)

1 metrics

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Consolidated statement of profit or loss - Loss per share (Group) from Annual report
Metric / unit 2026Group2025Group Source
Loss per share
Basic and dilutedCents (0.35)(2.35) PDF p. 122
Definitions & sources

Loss per share in cents.

Note 11 Loss per share (Group)

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Note 11 Loss per share (Group) from Annual report
Metric / unit 2026Group2025Group Source
Loss per share
Net loss attributable to equity holders of the company$'000 (891)(5,761) PDF p. 149
Definitions & sources

Diluted loss per share computation does not assume conversion of convertible bonds, as they are anti-dilutive. No other potentially dilutive ordinary shares during either year.

Where the money comes from

Segment information

By business

4B. Revenue by segment and segment results 9 lines
4B. Revenue by segment and segment results — Group
Item / unit 2026$'0002025$'000 Source
Revenue by segment
Automobiles distribution$'000 41,38653,606 PDF p. 139
Sustainable mobility$'000 23 PDF p. 139
Others$'000 214 PDF p. 139
Segment results
Automobiles distribution$'000 182(3,248) PDF p. 139
Sustainable mobility$'000 (918)(3,009) PDF p. 139
Others$'000 (21)(3) PDF p. 139
Loss before tax$'000 (757)(6,260) PDF p. 139
Income tax credit/(expense)$'000 11(110) PDF p. 139
Loss for the year$'000 (746)(6,370) PDF p. 139
Notes

Segment results sum to Loss before tax.

4C. Segment assets and reconciliation 4 lines
4C. Segment assets and reconciliation — Group
Item / unit 2026$'0002025$'000 Source
Segment assets
Automobiles distribution$'000 42,30561,736 PDF p. 140
Sustainable mobility$'000 17,65818,039 PDF p. 140
Others$'000 3051 PDF p. 140
Elimination of inter-segment assets$'000 (15,157)(30,048) PDF p. 140
4D. Segment liabilities and reconciliation 4 lines
4D. Segment liabilities and reconciliation — Group
Item / unit 2026$'0002025$'000 Source
Segment liabilities
Automobiles distribution$'000 38,94443,748 PDF p. 140
Sustainable mobility$'000 12,88711,977 PDF p. 140
Others$'000 4,6904,690 PDF p. 140
Elimination of inter-segment liabilities$'000 (15,614)(14,344) PDF p. 140
4E. Other material items and reconciliation 7 lines
4E. Other material items and reconciliation — Group
Item / unit 2026$'0002025$'000 Source
Depreciation of plant and equipment
Automobiles distribution$'000 222219 PDF p. 141
Sustainable mobility$'000 70180 PDF p. 141
Depreciation of right-of-use assets
Automobiles distribution$'000 1,8232,275 PDF p. 141
Sustainable mobility$'000 330355 PDF p. 141
Finance costs
Automobiles distribution$'000 1,7951,090 PDF p. 141
Sustainable mobility$'000 7414 PDF p. 141
Capital expenditure for intangible assets
Sustainable mobility$'000 362,018 PDF p. 141

By geography

4F. Geographical information - revenue by geographical market 2 lines
4F. Geographical information - revenue by geographical market — Group
Item / unit 2026$'0002025$'000 Source
Revenue by geographical market
Singapore$'000 31,40237,713 PDF p. 141
Southeast Asia (excluding Singapore)$'000 9,98815,910 PDF p. 141
Notes

Revenue analysed by geographical market, irrespective of the origin of the goods.

No geographical information is provided for non-current assets as the group’s operations are located primarily in Singapore.

Debt

Borrowings

Liquidity risk maturity analysis - Group

Liquidity risk maturity analysis - Group — Group
Item / unit 2026Less than 1 year, $'00020262–5 years, $'0002026Total, $'000 Source
2026
Other financial liabilities$'000 16,7966,21823,014 PDF p. 174
Lease liabilities$'000 1,622–1,622 PDF p. 174
Notes

Contractual undiscounted cash flows; 2025 comparatives: Other financial liabilities 11,868 / 12,659 / 24,527; Lease liabilities 2,257 / 1,542 / 3,799 (page 174).

Borrowing notes 3 tables

Other financial liabilities - Group

Other financial liabilities - Group — Group
Item / unit 2026$'0002025$'000 Source
Non-current - fixed interest rates
Convertible bond (Note 24D)$'000 –3,300 PDF p. 167
Long term loans (Note 24B)$'000 5,7299,388 PDF p. 167
Current - floating interest rates
Bank loans (Note 24A)$'000 –281 PDF p. 167
Trust receipts and bills payables (secured) (Note 24C)$'000 6683,006 PDF p. 167
Current - fixed interest rates
Short term loans (Note 24B)$'000 13,9597,489 PDF p. 167
Convertible bond (Note 24D)$'000 1,870– PDF p. 167
Non-current portion repayable
Due within 2 to 5 years$'000 5,72912,688 PDF p. 167
Notes

Non-current portion repayable: Due within 2 to 5 years 5,729 (2026), 12,688 (2025).

Other financial liabilities - Company

Other financial liabilities - Company — Company
Item / unit 2026$'0002025$'000 Source
Non-current
Convertible bond (Note 24D)$'000 –3,300 PDF p. 168
Long term loans (Note 24B)$'000 4,9298,939 PDF p. 168
Current
Short term loans (Note 24B)$'000 7,9791,800 PDF p. 168
Convertible bond (Note 24D)$'000 1,870– PDF p. 168
Non-current portion repayable
Due within 2 to 5 years$'000 4,92912,239 PDF p. 168
Notes

All fixed interest rate instruments. Non-current portion due within 2 to 5 years: 4,929 (2026), 12,239 (2025).

Lease liabilities - Group

Lease liabilities - Group — Group
Item / unit 2026$'0002025$'000 Source
Lease liabilities
Lease liabilities, current$'000 1,5911,710 PDF p. 170
Lease liabilities, non-current$'000 –1,919 PDF p. 170
Notes

Weighted average incremental borrowing rate range 5.68% to 5.72% (2025: 5.72%) per year (page 171).

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend Policy The Company does not have a formal dividend policy. In its evaluation and recommendation of dividends, the Board will take into account the Company’s operating performance, general financial condition, capital requirements, cash flow and other factors as the Directors may deem appropriate to ensure sustainable growth in the future. Company PDF p. 106

Dividends declared and proposed

ItemValuePeriod / scopeSource
No dividend is declared for FY2026 No dividend is declared for FY2026 as the Group has adopted a prudent approach in conserving cash for its ongoing business operations and strategic initiatives. Group, FY2026 PDF p. 106

Extracted from Annual report and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Audit firm RSM SG Assurance LLP Group and company, FY ended 31 March 2026 PDF p. 121
Engagement partner Tan Beng Teck Group and company, FY ended 31 March 2026 PDF p. 121
Disclaimer of Opinion We do not express an opinion on the accompanying consolidated financial statements of the group and the statement of financial position and statement of changes in equity of the company. Group and company, FY ended 31 March 2026 PDF p. 119
(2) Impairment assessment of the group’s intangible assets and prepayments we were unable to determine whether the carrying amounts of these non-financial assets as at 31 March 2026 are fairly stated Group, 31 March 2026 PDF p. 120
(3) Recoverability of the company’s investment in subsidiary and other receivables we were unable to determine whether the carrying amounts of these assets of the company as at 31 March 2026 are fairly stated Company, 31 March 2026 PDF p. 120

Going concern

ItemValuePeriod / scopeSource
(1) Going concern These conditions indicate that a material uncertainty exists that may cast significant doubt on the ability of the group and the company to continue as going concerns. Group and company, 31 March 2026 PDF p. 119
Going concern (Note 1) The financial statements of the group for the financial year ended 31 March 2026 have been prepared using the going concern assumption. Group, Note 1 PDF p. 126

Extracted from Annual report 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, 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.