Sitra 5LE

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Financials

ANNUAL REPORT 2025

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16 tables

Consolidated Statement of Comprehensive Income

22 metrics

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Consolidated Statement of Comprehensive Income from ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Income
RevenueS$ 15,376,58012,691,351 PDF p. 82
Cost of salesS$ (14,244,588)(11,500,119) PDF p. 82
Gross profitS$ 1,131,9921,191,232 PDF p. 82
Other incomeS$ 232,077252,732 PDF p. 82
Other (losses)/gains - netS$ (67,372)346,872 PDF p. 82
Expenses
- Selling and marketingS$ (478,909)(519,358) PDF p. 82
- AdministrativeS$ (1,916,514)(2,240,170) PDF p. 82
- FinanceS$ (186,016)(186,677) PDF p. 82
Income
Loss before income taxS$ (1,284,742)(1,155,369) PDF p. 82
Income taxS$ (13,999)(21,134) PDF p. 82
Loss for the yearS$ (1,298,741)(1,176,503) PDF p. 82
Other comprehensive income: Items that may be reclassified subsequently to profit or loss:
Currency translation differences arising from consolidationS$ (531,796)(35,722) PDF p. 82
Other comprehensive income: Items that will not be reclassified subsequently to profit or loss:
Revaluation gain on property, plant and equipment - netS$ 560,351682,638 PDF p. 82
Other comprehensive income
Other comprehensive income, net of taxS$ 28,555646,916 PDF p. 82
Comprehensive income
Total comprehensive loss for the yearS$ (1,270,186)(529,587) PDF p. 82
Loss for the year attributable to:
Equity holders of the CompanyS$ (1,249,665)(1,190,297) PDF p. 82
Non-controlling interestS$ (49,076)13,794 PDF p. 82
Loss for the year attributable to: subtotal
SubtotalS$ (1,298,741)(1,176,503) PDF p. 82
Total comprehensive loss for the year attributable to:
Equity holders of the CompanyS$ (1,257,378)(523,676) PDF p. 82
Non-controlling interestS$ (12,808)(5,911) PDF p. 82
Total comprehensive loss for the year attributable to: subtotal
SubtotalS$ (1,270,186)(529,587) PDF p. 82
Loss per share attributable to equity holders of the Company (cents per share)
- Basic and dilutedcents per share (0.08)(0.08) PDF p. 82
Definitions & sources

Original report: PDF p. 82 ↗

Expenses heading is unquantified. The accompanying notes form an integral part of these financial statements.

Consolidated Statement of Financial Position

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Consolidated Statement of Financial Position from ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
ASSETS — Current assets
Cash and bank balancesS$ 325,484237,620 PDF p. 83
Trade and other receivablesS$ 597,923813,488 PDF p. 83
InventoriesS$ 1,000,4521,411,068 PDF p. 83
Other current assetsS$ 180,365232,646 PDF p. 83
ASSETS — Current assets subtotal
SubtotalS$ 2,104,2242,694,822 PDF p. 83
ASSETS — Non-current assets
Property, plant and equipmentS$ 5,723,4295,935,342 PDF p. 83
Investment propertiesS$ 3,405,9213,460,132 PDF p. 83
Deferred tax assetsS$ 21,45723,434 PDF p. 83
ASSETS — Non-current assets subtotal
SubtotalS$ 9,150,8079,418,908 PDF p. 83
ASSETS
Total assetsS$ 11,255,03112,113,730 PDF p. 83
LIABILITIES — Current liabilities
Trade and other payablesS$ 1,955,9861,713,750 PDF p. 83
BorrowingsS$ 30,33291,766 PDF p. 83
LIABILITIES — Current liabilities subtotal
SubtotalS$ 1,986,3181,805,516 PDF p. 83
LIABILITIES — Non-current liabilities
Other financial liabilityS$ 1,853,0951,677,445 PDF p. 83
BorrowingsS$ –30,935 PDF p. 83
Deferred tax liabilitiesS$ 538,750380,750 PDF p. 83
LIABILITIES — Non-current liabilities subtotal
SubtotalS$ 2,391,8452,089,130 PDF p. 83
LIABILITIES
Total liabilitiesS$ 4,378,1633,894,646 PDF p. 83
EQUITY
Net assetsS$ 6,876,8688,219,084 PDF p. 83
EQUITY — Capital and reserves attributable to equity holders of the Company
Share capitalS$ 25,793,13025,793,130 PDF p. 83
Other reservesS$ 3,200,1753,207,888 PDF p. 83
Accumulated lossesS$ (22,593,947)(21,344,282) PDF p. 83
EQUITY — Capital and reserves attributable to equity holders subtotal
SubtotalS$ 6,399,3587,656,736 PDF p. 83
EQUITY
Non-controlling interestS$ 477,510562,348 PDF p. 83
Total equityS$ 6,876,8688,219,084 PDF p. 83
Definitions & sources

Original report: PDF p. 83 ↗

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

Statement of Financial Position

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Statement of Financial Position from ANNUAL REPORT 2025
Metric / unit 2025Company2024Company Source
ASSETS — Current assets
Cash and bank balancesS$ 3,4971,901 PDF p. 84
Other receivablesS$ 985,001938,828 PDF p. 84
Other current assetsS$ 1,4101,410 PDF p. 84
ASSETS — Current assets subtotal
SubtotalS$ 989,908942,139 PDF p. 84
ASSETS — Non-current assets
Investments in subsidiary corporationsS$ 6,890,4836,890,483 PDF p. 84
Plant and equipmentS$ 9,06115,501 PDF p. 84
ASSETS — Non-current assets subtotal
SubtotalS$ 6,899,5446,905,984 PDF p. 84
ASSETS
Total assetsS$ 7,889,4527,848,123 PDF p. 84
LIABILITIES — Current liabilities
Other payablesS$ 4,589,9704,083,469 PDF p. 84
LIABILITIES — Non-current liability
Other financial liabilityS$ 1,853,0951,677,445 PDF p. 84
LIABILITIES
Total liabilitiesS$ 6,443,0655,760,914 PDF p. 84
EQUITY
Net assetsS$ 1,446,3872,087,209 PDF p. 84
EQUITY — Capital and reserves attributable to equity holders of the Company
Share capitalS$ 25,793,13025,793,130 PDF p. 84
Other reservesS$ 14,39314,393 PDF p. 84
Accumulated lossesS$ (24,361,136)(23,720,314) PDF p. 84
EQUITY
Total equityS$ 1,446,3872,087,209 PDF p. 84
Definitions & sources

Original report: PDF p. 84 ↗

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

Consolidated Statement of Comprehensive Income

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Consolidated Statement of Comprehensive Income from ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Income statement
RevenueS$ 15,376,58012,691,351 PDF p. 82
Cost of salesS$ (14,244,588)(11,500,119) PDF p. 82
Gross profitS$ 1,131,9921,191,232 PDF p. 82
Other incomeS$ 232,077252,732 PDF p. 82
Other (losses)/gains - netS$ (67,372)346,872 PDF p. 82
Expenses
- Selling and marketingS$ (478,909)(519,358) PDF p. 82
- AdministrativeS$ (1,916,514)(2,240,170) PDF p. 82
- FinanceS$ (186,016)(186,677) PDF p. 82
Income statement
Loss before income taxS$ (1,284,742)(1,155,369) PDF p. 82
Income taxS$ (13,999)(21,134) PDF p. 82
Loss for the yearS$ (1,298,741)(1,176,503) PDF p. 82
Other comprehensive income; Items that may be reclassified subsequently to profit or loss
Currency translation differences arising from consolidationS$ (531,796)(35,722) PDF p. 82
Other comprehensive income; Items that will not be reclassified subsequently to profit or loss
Revaluation gain on property, plant and equipment - netS$ 560,351682,638 PDF p. 82
Other comprehensive income
Other comprehensive income, net of taxS$ 28,555646,916 PDF p. 82
Comprehensive income
Total comprehensive loss for the yearS$ (1,270,186)(529,587) PDF p. 82
Loss for the year attributable to
Equity holders of the CompanyS$ (1,249,665)(1,190,297) PDF p. 82
Non-controlling interestS$ (49,076)13,794 PDF p. 82
Attribution subtotalS$ (1,298,741)(1,176,503) PDF p. 82
Total comprehensive loss for the year attributable to
Equity holders of the CompanyS$ (1,257,378)(523,676) PDF p. 82
Non-controlling interestS$ (12,808)(5,911) PDF p. 82
Attribution subtotalS$ (1,270,186)(529,587) PDF p. 82
Loss per share attributable to equity holders of the Company (cents per share)
- Basic and dilutedcents per share (0.08)(0.08) PDF p. 82
Definitions & sources

Original report: PDF p. 82 ↗

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

Consolidated Statement of Cash flows

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Consolidated Statement of Cash flows from ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Cash Flows from Operating Activities
Loss for the yearS$ (1,298,741)(1,176,503) PDF p. 86
Adjustments for
- Depreciation of property, plant and equipmentS$ 296,560456,308 PDF p. 86
- Gain on disposal of plant and equipmentS$ –(11,664) PDF p. 86
- Gain on remeasurement of other financial liabilityS$ –(352,776) PDF p. 86
- Amortisation of notional interestS$ 175,650177,125 PDF p. 86
- Reversal of provision for slow-moving inventoryS$ (6,641)(14,264) PDF p. 86
- Unrealised currency translation loss/(gain)S$ 161,015(8,452) PDF p. 86
- Reversal of provision for advances to suppliersS$ (21,133)– PDF p. 86
- Bad debts written-offS$ 1,966– PDF p. 86
- Prepayments written-offS$ 12,667– PDF p. 86
- Interest incomeS$ (98)(4,811) PDF p. 86
- Interest expenseS$ 6,9088,757 PDF p. 86
- Income tax expenseS$ 13,99921,134 PDF p. 86
Cash Flows from Operating Activities
Adjustments subtotalS$ (657,848)(905,146) PDF p. 86
Change in working capital
- Trade and other receivablesS$ 246,863(137,324) PDF p. 86
- InventoriesS$ 417,257642,407 PDF p. 86
- Other current assetsS$ 39,61414,961 PDF p. 86
- Trade and other payablesS$ (138,764)419,816 PDF p. 86
Cash Flows from Operating Activities
Cash (used in)/generated from operationsS$ (92,878)34,714 PDF p. 86
Interest receivedS$ 984,811 PDF p. 86
Interest paidS$ (3,593)(3,750) PDF p. 86
Income tax paidS$ (26,130)(9,141) PDF p. 86
Net cash (used in)/generated from operating activitiesS$ (122,503)26,634 PDF p. 86
Cash Flows from Investing Activities
Additions of property, plant and equipmentS$ (4,250)(8,061) PDF p. 86
Additions of investment propertiesS$ –(40,118) PDF p. 86
Proceeds from disposal of property, plant and equipmentS$ –11,664 PDF p. 86
Net cash used in investing activitiesS$ (4,250)(36,515) PDF p. 86
Cash Flows from Financing Activities
Principal payment of lease liabilitiesS$ (90,083)(87,068) PDF p. 86
Advances from a controlling shareholder of the CompanyS$ 381,00076,000 PDF p. 86
Interest paidS$ (3,315)(5,007) PDF p. 86
Dividend paid to non-controlling interestS$ (72,030)(179,113) PDF p. 86
Net cash generated from/(used in) financing activitiesS$ 215,572(195,188) PDF p. 86
Cash Flows
Net increase/(decrease) in cash and cash equivalentsS$ 88,819(205,069) PDF p. 86
Cash and cash equivalents at 1 JanuaryS$ 236,403441,472 PDF p. 86
Cash and cash equivalents at 31 DecemberS$ 325,222236,403 PDF p. 86
Definitions & sources

Original report: PDF p. 86 ↗

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

Sustainability Performance at a Glance — Economic Revenue

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Sustainability Performance at a Glance — Economic Revenue from ANNUAL REPORT 2025
Metric / unit 2025Group, FY20252024Group, FY2024 Source
Economic
RevenueS$ million 15.412.7 PDF p. 15
Definitions & sources

Original report: PDF p. 15 ↗

The table introduction states: “A summary of our key sustainability performance in the financial year (“FY”) ended 31 December 2025 is as follows:”

Loss per share attributable to equity holders of the Company

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Loss per share attributable to equity holders of the Company from ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Loss per share attributable to equity holders of the Company
- Basic and dilutedcents per share (0.08)(0.08) PDF p. 82
Definitions & sources

Original report: PDF p. 82 ↗

The statement prints the heading unit as “(cents per share)”.

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

Loss per share calculation and share data

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Loss per share calculation and share data from ANNUAL REPORT 2025
Metric / unit 2025Group2024Group Source
Loss per share calculation
Loss for the year attributable to equity holders of the Company (S$)S$ (1,249,665)(1,190,297) PDF p. 104
Weighted average number of ordinary shares outstanding for basic and diluted loss per share (’000)’000 ordinary shares 1,483,3001,483,300 PDF p. 104
Basic and diluted loss per share (S$ cents per share)S$ cents per share (0.08)(0.08) PDF p. 104
Definitions & sources

Original report: PDF p. 104 ↗

The report defines the calculation: “Basic and diluted loss per share is calculated by dividing the loss attributable to equity holders of the Company by the weighted average number of ordinary shares outstanding during the financial year.”

Segment information — Revenue from major products (Note 28(a))

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Segment information — Revenue from major products (Note 28(a)) from ANNUAL REPORT 2025
Metric / unit 2025Group Revenue S$2025Group Revenue %2024Group Revenue S$2024Group Revenue % Source
Revenue from major products
Wood-based productsS$ / % 14,730,36595.8012,286,92096.81 PDF p. 132
Outdoor lifestyle furnitureS$ / % 314,7202.05230,4771.82 PDF p. 132
OthersS$ / % 331,4952.15173,9541.37 PDF p. 132
TotalS$ / % 15,376,580100.0012,691,351100.00 PDF p. 132
Definitions & sources

Original report: PDF p. 132 ↗

Revenues of S$3,930,712 (2024: S$2,464,142) are derived from a single external customer. These revenues are attributable to the sale of wood-based products in Australia/New Zealand.

No separate segmental information by business segment is presented, except for segment revenue. No revenue was generated from the property development business segment.

Segment information — Geographical information - Revenue (Note 28(b))

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Segment information — Geographical information - Revenue (Note 28(b)) from ANNUAL REPORT 2025
Metric / unit 2025Group Revenue S$2025Group Revenue %2024Group Revenue S$2024Group Revenue % Source
Geographical information - Revenue
EuropeS$ / % 8,568,94555.736,602,35752.02 PDF p. 132
Australia/New ZealandS$ / % 6,223,96640.485,666,77344.65 PDF p. 132
Asia/OthersS$ / % 583,6693.79422,2213.33 PDF p. 132
Total (unlabelled)S$ / % 15,376,580100.0012,691,351100.00 PDF p. 132
Definitions & sources

Original report: PDF p. 132 ↗

Total row has no printed label.

Segment information — Geographical information - Non-current assets (Note 28(b))

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Segment information — Geographical information - Non-current assets (Note 28(b)) from ANNUAL REPORT 2025
Metric / unit 2025Group Non-current assets S$2025Group Non-current assets %2024Group Non-current assets S$2024Group Non-current assets % Source
Geographical information - Non-current assets
EuropeS$ / % 14,1320.1520,4390.22 PDF p. 132
Asia/OthersS$ / % 9,115,21899.859,375,03599.78 PDF p. 132
Total (unlabelled)S$ / % 9,129,350100.009,395,474100.00 PDF p. 132
Definitions & sources

Original report: PDF p. 132 ↗

Total row has no printed label.

Borrowings — Note 21 Borrowings (Group)

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Borrowings — Note 21 Borrowings (Group) from ANNUAL REPORT 2025
Metric / unit 2025Group, S$2024Group, S$ Source
Current
- Bank overdrafts (Note 12)S$ 2621,217 PDF p. 116
- Lease liabilitiesS$ 30,07090,549 PDF p. 116
Current borrowings subtotalS$ 30,33291,766 PDF p. 116
Non-current
- Lease liabilitiesS$ –30,935 PDF p. 116
Total
Total borrowingsS$ 30,332122,701 PDF p. 116
Definitions & sources

Original report: PDF p. 116 ↗

Security granted: Lease liabilities are secured by the rights to the Group’s office premises as the legal title is retained by the lessor.

Bank overdrafts are not stated as secured or unsecured on this page. No interest rate range is disclosed for borrowings; Note 26 states 'the Group has no significant exposure to interest rate risk'.

The current subtotal row has no printed label; it is the total of the Current block.

Borrowings — Note 26(a)(i) Borrowings by currency denomination, 31 December 2025 (Group)

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Borrowings — Note 26(a)(i) Borrowings by currency denomination, 31 December 2025 (Group) from ANNUAL REPORT 2025
Metric / unit 2025SGD, S$2025USD, S$2025EUR, S$2025IDR, S$2025Others, S$2025Total, S$ Source
Financial liabilities
BorrowingsS$ (20,687)–(262)(9,383)–(30,332) PDF p. 120
Definitions & sources

Original report: PDF p. 120 ↗

Currency exposures of the Group as at 31 December 2025, as provided to key management.

Borrowings — Note 26(a)(i) Borrowings by currency denomination, 31 December 2024 (Group)

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Borrowings — Note 26(a)(i) Borrowings by currency denomination, 31 December 2024 (Group) from ANNUAL REPORT 2025
Metric / unit 2024SGD, S$2024USD, S$2024EUR, S$2024IDR, S$2024Others, S$2024Total, S$ Source
Financial liabilities
BorrowingsS$ (101,900)–(1,218)(19,583)–(122,701) PDF p. 121
Definitions & sources

Original report: PDF p. 121 ↗

Currency exposures of the Group as at 31 December 2024.

Borrowings — Note 26(c) Liquidity risk maturity analysis, Group, 2025 (contractual undiscounted cash flows)

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Borrowings — Note 26(c) Liquidity risk maturity analysis, Group, 2025 (contractual undiscounted cash flows) from ANNUAL REPORT 2025
Metric / unit 2025Less than 1 year, S$2025Between 1 and 5 years, S$2025After 5 years, S$2025Total, S$2025Carrying amount, S$ Source
2025
Bank overdraftsS$ 262––262262 PDF p. 128
Lease liabilitiesS$ 30,070––30,07030,070 PDF p. 128
Other financial liabilityS$ –2,080,000520,0002,600,0001,853,095 PDF p. 128
Definitions & sources

Original report: PDF p. 128 ↗

The table analyses non-derivative financial liabilities into maturity groupings based on remaining period from the balance sheet date to contractual maturity; amounts are contractual undiscounted cash flows. Balances due within 12 months equal their carrying amounts as the impact of discounting is not significant.

Other financial liability is deferred consideration for the acquisition of the remaining 46% of Mapur Rocky Resort Limited (Note 22), not classified as borrowings; included for context.

Borrowings — Note 26(c) Liquidity risk maturity analysis, Group, 2024 (contractual undiscounted cash flows)

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Borrowings — Note 26(c) Liquidity risk maturity analysis, Group, 2024 (contractual undiscounted cash flows) from ANNUAL REPORT 2025
Metric / unit 2024Less than 1 year, S$2024Between 1 and 5 years, S$2024After 5 years, S$2024Total, S$2024Carrying amount, S$ Source
2024
Bank overdraftsS$ 1,217––1,2171,217 PDF p. 128
Lease liabilitiesS$ 92,49531,038–123,533121,484 PDF p. 128
Other financial liabilityS$ –1,560,0001,040,0002,600,0001,677,445 PDF p. 128
Definitions & sources

Original report: PDF p. 128 ↗

Same basis as the 2025 table: contractual undiscounted cash flows.

Other financial liability is not classified as borrowings; included for context.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend Policy The Company does not have a dividend policy. As the Company had accumulated losses as at 31 December 2025 and its current priority is to achieve long-term capital growth for the benefit of shareholders, any profits generated shall therefore be retained for investment into the future. The Board will continue to monitor the financial position of the Company and will propose dividends at the appropriate time to the best interest of the shareholders. Company, FY2025 PDF p. 69

Dividends declared and proposed

ItemValuePeriod / scopeSource
No dividend declared or recommended for FY2025 No dividend has been declared or recommended for FY2025 Company, FY2025 PDF p. 69

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

ItemValuePeriod / scopeSource
Moore Stephens LLP Moore Stephens LLP Group and Company, FY2025 PDF p. 81
Engagement partner Neo Keng Jin Group and Company, FY2025 PDF p. 81
Opinion properly drawn up in accordance with the provisions of the Singapore Companies Act 1967 Group and Company, FY2025 PDF p. 78

Going concern

ItemValuePeriod / scopeSource
Going Concern Assumption These factors may cast significant doubt on the Group’s ability to continue as a going concern. Group, FY2025 PDF p. 88

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.