Annual report
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026The Group | 2025The Group | Source |
|---|---|---|---|
| Non-Current Assets | |||
| Plant and equipmentS$'000 | 370 | 559 | PDF p. 51 |
| Right-of-use assetsS$'000 | 953 | 1,842 | PDF p. 51 |
| Intangible assetsS$'000 | 2 | 3 | PDF p. 51 |
| SubsidiariesS$'000 | – | – | PDF p. 51 |
| SubtotalS$'000 | 1,325 | 2,404 | PDF p. 51 |
| Current Assets | |||
| InventoriesS$'000 | 1,932 | 3,157 | PDF p. 51 |
| Trade and other receivablesS$'000 | 1,212 | 1,843 | PDF p. 51 |
| PrepaymentsS$'000 | 94 | 254 | PDF p. 51 |
| Cash and bank balancesS$'000 | 312 | 1,390 | PDF p. 51 |
| SubtotalS$'000 | 3,550 | 6,644 | PDF p. 51 |
| Assets | |||
| Total assetsS$'000 | 4,875 | 9,048 | PDF p. 51 |
| Capital and Reserves | |||
| Share capitalS$'000 | 14,159 | 13,959 | PDF p. 51 |
| ReservesS$'000 | (27,031) | (24,162) | PDF p. 51 |
| Equity attributable to owners of the CompanyS$'000 | (12,872) | (10,203) | PDF p. 51 |
| Non-controlling interestsS$'000 | 1,056 | 1,058 | PDF p. 51 |
| Total equityS$'000 | (11,816) | (9,145) | PDF p. 51 |
| Non-Current Liabilities | |||
| Lease liabilitiesS$'000 | 432 | 835 | PDF p. 51 |
| Provision for restoration costsS$'000 | 128 | 116 | PDF p. 51 |
| SubtotalS$'000 | 560 | 951 | PDF p. 51 |
| Current Liabilities | |||
| Lease liabilitiesS$'000 | 838 | 1,145 | PDF p. 51 |
| Provision for restoration costsS$'000 | 54 | 94 | PDF p. 51 |
| BorrowingsS$'000 | 2,691 | 136 | PDF p. 51 |
| Trade and other payablesS$'000 | 8,414 | 7,220 | PDF p. 51 |
| Contract liabilitiesS$'000 | 4,014 | 8,527 | PDF p. 51 |
| Current tax payableS$'000 | 120 | 120 | PDF p. 51 |
| SubtotalS$'000 | 16,131 | 17,242 | PDF p. 51 |
| Liabilities | |||
| Total liabilitiesS$'000 | 16,691 | 18,193 | PDF p. 51 |
| Equity and Liabilities | |||
| Total equity and liabilitiesS$'000 | 4,875 | 9,048 | PDF p. 51 |
Original report: PDF p. 51 ↗
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Quotes are whole rows; Company columns on the same row are in the Company table.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026The Company | 2025The Company | Source |
|---|---|---|---|
| Non-Current Assets | |||
| SubsidiariesS$'000 | – | 1 | PDF p. 51 |
| Plant and equipmentS$'000 | – | – | PDF p. 51 |
| SubtotalS$'000 | – | 1 | PDF p. 51 |
| Current Assets | |||
| PrepaymentsS$'000 | 10 | 9 | PDF p. 51 |
| Cash and bank balancesS$'000 | 201 | – | PDF p. 51 |
| SubtotalS$'000 | 211 | 9 | PDF p. 51 |
| Assets | |||
| Total assetsS$'000 | 211 | 10 | PDF p. 51 |
| Capital and Reserves | |||
| Share capitalS$'000 | 14,159 | 13,959 | PDF p. 51 |
| ReservesS$'000 | (15,372) | (31,674) | PDF p. 51 |
| Equity attributable to owners of the CompanyS$'000 | (1,213) | (17,715) | PDF p. 51 |
| Total equityS$'000 | (1,213) | (17,715) | PDF p. 51 |
| Current Liabilities | |||
| BorrowingsS$'000 | 113 | 113 | PDF p. 51 |
| Trade and other payablesS$'000 | 1,311 | 17,612 | PDF p. 51 |
| SubtotalS$'000 | 1,424 | 17,725 | PDF p. 51 |
| Liabilities | |||
| Total liabilitiesS$'000 | 1,424 | 17,725 | PDF p. 51 |
| Equity and Liabilities | |||
| Total equity and liabilitiesS$'000 | 211 | 10 | PDF p. 51 |
Original report: PDF p. 51 ↗
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Company dashes are printed as '–'. Company-only rows with all dashes (e.g., Plant and equipment, Lease liabilities) are partially included; the Company column values are the last two numbers of each quoted row.
Company non-current/current subtotal rows and rows with dash-only company values omitted except where listed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Profit or loss | |||
| RevenueS$'000 | 11,877 | 40,817 | PDF p. 52 |
| Other operating incomeS$'000 | 342 | 456 | PDF p. 52 |
| Purchases and related costsS$'000 | (4,749) | (27,268) | PDF p. 52 |
| Changes in inventoriesS$'000 | (1,225) | 3,120 | PDF p. 52 |
| Amortisation of intangible assetS$'000 | (1) | (1) | PDF p. 52 |
| Depreciation of plant and equipmentS$'000 | (179) | (317) | PDF p. 52 |
| Depreciation of right-of-use assetsS$'000 | (1,155) | (1,056) | PDF p. 52 |
| Impairment losses on trade receivablesS$'000 | (669) | (221) | PDF p. 52 |
| Staff costsS$'000 | (3,295) | (4,086) | PDF p. 52 |
| Operating lease expenseS$'000 | (149) | (411) | PDF p. 52 |
| Other operating expensesS$'000 | (2,783) | (10,105) | PDF p. 52 |
| Finance costsS$'000 | (651) | (325) | PDF p. 52 |
| (Loss)/Profit before taxationS$'000 | (2,637) | 603 | PDF p. 52 |
| TaxationS$'000 | – | – | PDF p. 52 |
| (Loss)/Profit for the yearS$'000 | (2,637) | 603 | PDF p. 52 |
| Other comprehensive loss: Items that may be reclassified subsequently to profit or loss | |||
| Currency translation differences on consolidation of foreign operationsS$'000 | (234) | (830) | PDF p. 52 |
| Other comprehensive loss | |||
| Other comprehensive loss for the year, net of tax of nilS$'000 | (234) | (830) | PDF p. 52 |
| Total comprehensive loss for the yearS$'000 | (2,871) | (227) | PDF p. 52 |
| (Loss)/Profit attributable to | |||
| Owners of the CompanyS$'000 | (2,635) | 605 | PDF p. 52 |
| Non-controlling interestsS$'000 | (2) | (2) | PDF p. 52 |
| SubtotalS$'000 | (2,637) | 603 | PDF p. 52 |
| Total comprehensive loss attributable to | |||
| Owners of the CompanyS$'000 | (2,869) | (225) | PDF p. 52 |
| Non-controlling interestsS$'000 | (2) | (2) | PDF p. 52 |
| SubtotalS$'000 | (2,871) | (227) | PDF p. 52 |
| (Loss)/Earnings per share attributable to owners of the Company (Singapore cents) | |||
| - Basic and dilutedSingapore cents per share | (0.80) | 0.26 | PDF p. 52 |
Original report: PDF p. 52 ↗
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Only a consolidated statement is presented; no separate Company statement of profit or loss was seen.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, S$'000 | 2025Group, S$'000 | Source |
|---|---|---|---|
| Profit or loss | |||
| RevenueS$'000 | 11,877 | 40,817 | PDF p. 52 |
| Other operating incomeS$'000 | 342 | 456 | PDF p. 52 |
| Purchases and related costsS$'000 | (4,749) | (27,268) | PDF p. 52 |
| Changes in inventoriesS$'000 | (1,225) | 3,120 | PDF p. 52 |
| Amortisation of intangible assetS$'000 | (1) | (1) | PDF p. 52 |
| Depreciation of plant and equipmentS$'000 | (179) | (317) | PDF p. 52 |
| Depreciation of right-of-use assetsS$'000 | (1,155) | (1,056) | PDF p. 52 |
| Impairment losses on trade receivablesS$'000 | (669) | (221) | PDF p. 52 |
| Staff costsS$'000 | (3,295) | (4,086) | PDF p. 52 |
| Operating lease expenseS$'000 | (149) | (411) | PDF p. 52 |
| Other operating expensesS$'000 | (2,783) | (10,105) | PDF p. 52 |
| Finance costsS$'000 | (651) | (325) | PDF p. 52 |
| (Loss)/Profit before taxationS$'000 | (2,637) | 603 | PDF p. 52 |
| TaxationS$'000 | – | – | PDF p. 52 |
| (Loss)/Profit for the yearS$'000 | (2,637) | 603 | PDF p. 52 |
| Other comprehensive loss | |||
| Currency translation differences on consolidation of foreign operationsS$'000 | (234) | (830) | PDF p. 52 |
| Other comprehensive loss for the year, net of tax of nilS$'000 | (234) | (830) | PDF p. 52 |
| Total comprehensive loss for the yearS$'000 | (2,871) | (227) | PDF p. 52 |
| (Loss)/Profit attributable to | |||
| Owners of the CompanyS$'000 | (2,635) | 605 | PDF p. 52 |
| Non-controlling interestsS$'000 | (2) | (2) | PDF p. 52 |
| Total comprehensive loss attributable to | |||
| Owners of the CompanyS$'000 | (2,869) | (225) | PDF p. 52 |
| Non-controlling interestsS$'000 | (2) | (2) | PDF p. 52 |
| (Loss)/Earnings per share attributable to owners of the Company (Singapore cents) | |||
| - Basic and dilutedSingapore cents | (0.80) | 0.26 | PDF p. 52 |
Original report: PDF p. 52 ↗
Note column omitted. Currency translation differences may be reclassified subsequently to profit or loss. Net of tax of nil.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, Share capital S$'000 | 2026Group, Merger reserve S$'000 | 2026Group, Capital reserve S$'000 | 2026Group, Foreign currency translation reserve S$'000 | 2026Group, Accumulated losses S$'000 | 2026Group, Equity attributable to owners of the Company S$'000 | 2026Group, Non-controlling interests S$'000 | 2026Group, Total equity S$'000 | Source |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | |||||||||
| Balance at 1 April 2024S$'000 | 11,944 | (927) | (137) | 141 | (23,014) | (11,993) | 1,060 | (10,933) | PDF p. 53 |
| Profit/(Loss) for the yearS$'000 | – | – | – | – | 605 | 605 | (2) | 603 | PDF p. 53 |
| Other comprehensive loss for the yearS$'000 | – | – | – | (830) | – | (830) | – | (830) | PDF p. 53 |
| Total comprehensive (loss)/income for the yearS$'000 | – | – | – | (830) | 605 | (225) | (2) | (227) | PDF p. 53 |
| FY2025 Contributions by and distributions to owners | |||||||||
| Issuance of shares (Note 10)S$'000 | 2,015 | – | – | – | – | 2,015 | – | 2,015 | PDF p. 53 |
| FY2025 | |||||||||
| Transactions with owners in their capacity as ownersS$'000 | 2,015 | – | – | – | – | 2,015 | – | 2,015 | PDF p. 53 |
| Balance at 31 March 2025S$'000 | 13,959 | (927) | (137) | (689) | (22,409) | (10,203) | 1,058 | (9,145) | PDF p. 53 |
| FY2026 | |||||||||
| Balance at 1 April 2025S$'000 | 13,959 | (927) | (137) | (689) | (22,409) | (10,203) | 1,058 | (9,145) | PDF p. 53 |
| Loss for the yearS$'000 | – | – | – | – | (2,635) | (2,635) | (2) | (2,637) | PDF p. 53 |
| Other comprehensive loss for the yearS$'000 | – | – | – | (234) | – | (234) | – | (234) | PDF p. 53 |
| Total comprehensive loss for the yearS$'000 | – | – | – | (234) | (2,635) | (2,869) | (2) | (2,871) | PDF p. 53 |
| FY2026 Contributions by and distributions to owners | |||||||||
| Issuance of shares (Note 10)S$'000 | 200 | – | – | – | – | 200 | – | 200 | PDF p. 53 |
| FY2026 | |||||||||
| Transactions with owners in their capacity as ownersS$'000 | 200 | – | – | – | – | 200 | – | 200 | PDF p. 53 |
| Balance at 31 March 2026S$'000 | 14,159 | (927) | (137) | (923) | (25,044) | (12,872) | 1,056 | (11,816) | PDF p. 53 |
Original report: PDF p. 53 ↗
Values listed in column order: share capital, merger reserve, capital reserve, foreign currency translation reserve, accumulated losses, equity attributable to owners, non-controlling interests, total equity. Rows cover FY2025 (1 April 2024 to 31 March 2025) and FY2026 movements as labelled. No separate Company statement of changes in equity is printed.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, S$'000 | 2025Group, S$'000 | Source |
|---|---|---|---|
| Operating Activities | |||
| (Loss)/Profit before taxationS$'000 | (2,637) | 603 | PDF p. 54 |
| Operating Activities - Adjustments | |||
| Amortisation of intangible assetsS$'000 | 1 | 1 | PDF p. 54 |
| Depreciation of plant and equipmentS$'000 | 179 | 317 | PDF p. 54 |
| Depreciation of right-of-use assetsS$'000 | 1,155 | 1,056 | PDF p. 54 |
| Gain on disposal of plant and equipmentS$'000 | – | (37) | PDF p. 54 |
| Gain on lease terminationS$'000 | (2) | – | PDF p. 54 |
| Impairment losses on trade receivablesS$'000 | 669 | 221 | PDF p. 54 |
| Interest expenseS$'000 | 651 | 325 | PDF p. 54 |
| Plant and equipment written offS$'000 | 35 | 100 | PDF p. 54 |
| Provision reversedS$'000 | (5) | (64) | PDF p. 54 |
| Reversal of accrued expensesS$'000 | (10) | – | PDF p. 54 |
| Operating Activities | |||
| Operating profit before working capital changesS$'000 | 36 | 2,522 | PDF p. 54 |
| Changes in inventoriesS$'000 | 1,193 | (3,247) | PDF p. 54 |
| Changes in trade and other receivablesS$'000 | 121 | (1,123) | PDF p. 54 |
| Changes in prepaymentsS$'000 | 158 | (240) | PDF p. 54 |
| Changes in provisionS$'000 | (33) | (75) | PDF p. 54 |
| Changes in trade and other payablesS$'000 | 135 | 1,429 | PDF p. 54 |
| Changes in contract liabilitiesS$'000 | (4,580) | 5,942 | PDF p. 54 |
| Cash (used in)/generated from operationsS$'000 | (2,970) | 5,208 | PDF p. 54 |
| Restricted cashS$'000 | – | (85) | PDF p. 54 |
| Net cash (used in)/generated from operating activitiesS$'000 | (2,970) | 5,123 | PDF p. 54 |
| Investing Activities | |||
| Advances to related companiesS$'000 | (175) | (98) | PDF p. 54 |
| Proceeds from disposal of plant and equipmentS$'000 | – | 37 | PDF p. 54 |
| Purchase of plant and equipmentS$'000 | (21) | (241) | PDF p. 54 |
| Net cash used in investing activitiesS$'000 | (196) | (302) | PDF p. 54 |
| Financing Activities | |||
| Advances from/(repaid to) directorsS$'000 | 851 | (90) | PDF p. 54 |
| Advances from/(repaid to) related companiesS$'000 | 97 | (209) | PDF p. 54 |
| Interest paidS$'000 | (651) | (325) | PDF p. 54 |
| Payment of lease liabilitiesS$'000 | (964) | (1,172) | PDF p. 54 |
| Proceeds from borrowingsS$'000 | 3,343 | – | PDF p. 54 |
| Proceeds from issuance of sharesS$'000 | 200 | – | PDF p. 54 |
| Repayment of borrowingsS$'000 | (788) | (1,838) | PDF p. 54 |
| Net cash generated from/(used in) financing activitiesS$'000 | 2,088 | (3,634) | PDF p. 54 |
| Cash and cash equivalents | |||
| Net (decrease)/increase in cash and cash equivalentsS$'000 | (1,078) | 1,187 | PDF p. 54 |
| Cash and cash equivalents at beginning of the yearS$'000 | 1,305 | 118 | PDF p. 54 |
| Cash and cash equivalents at end of the yearS$'000 | 227 | 1,305 | PDF p. 54 |
Original report: PDF p. 54 ↗
Note column omitted. Cash and cash equivalents exclude restricted cash.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, Lease liabilities (Note 12) S$'000 | 2026Group, Borrowings (Note 14) S$'000 | 2026Group, Provision for restoration costs (Note 13) S$'000 | 2026Group, Amounts due to directors (non-trade) (Note 15) S$'000 | 2026Group, Amounts due to related companies (non-trade) (Note 15) S$'000 | 2026Group, Total S$'000 | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | |||||||
| Balance at 1 April 2024S$'000 | 1,436 | 3,374 | 238 | 429 | 568 | 6,045 | PDF p. 55 |
| FY2025 Changes from financing cash flows | |||||||
| - Advances repaid to directorsS$'000 | – | – | – | (90) | – | (90) | PDF p. 55 |
| - Interest paidS$'000 | (96) | (229) | – | – | – | (325) | PDF p. 55 |
| - Payment of lease liabilitiesS$'000 | (1,172) | – | – | – | – | (1,172) | PDF p. 55 |
| - Repayment of borrowingsS$'000 | – | (1,838) | – | – | – | (1,838) | PDF p. 55 |
| FY2025 Other changes | |||||||
| - Debt capitalisation (Note 10)S$'000 | – | (1,400) | – | (300) | (242) | (1,942) | PDF p. 55 |
| - Interest expenseS$'000 | 96 | 229 | – | – | – | 325 | PDF p. 55 |
| - New leasesS$'000 | 1,716 | – | 111 | – | – | 1,827 | PDF p. 55 |
| - Provision reversedS$'000 | – | – | (64) | – | – | (64) | PDF p. 55 |
| - Provision utilisedS$'000 | – | – | (75) | – | – | (75) | PDF p. 55 |
| FY2025 | |||||||
| Balance at 31 March 2025S$'000 | 1,980 | 136 | 210 | 39 | 117 | 2,482 | PDF p. 55 |
| FY2026 Changes from financing cash flows | |||||||
| - Advances from directorsS$'000 | – | – | – | 851 | – | 851 | PDF p. 55 |
| - Advances from related companiesS$'000 | – | – | – | – | 97 | 97 | PDF p. 55 |
| - Interest paidS$'000 | (84) | (567) | – | – | – | (651) | PDF p. 55 |
| - Payment of lease liabilitiesS$'000 | (964) | – | – | – | – | (964) | PDF p. 55 |
| - Proceeds from borrowingsS$'000 | – | 3,343 | – | – | – | 3,343 | PDF p. 55 |
| - Repayment of borrowingsS$'000 | – | (788) | – | – | – | (788) | PDF p. 55 |
| FY2026 Other changes | |||||||
| - Interest expenseS$'000 | 84 | 567 | – | – | – | 651 | PDF p. 55 |
| - Lease terminationS$'000 | (121) | – | – | – | – | (121) | PDF p. 55 |
| - New leasesS$'000 | 375 | – | 10 | – | – | 385 | PDF p. 55 |
| - Provision reversedS$'000 | – | – | (5) | – | – | (5) | PDF p. 55 |
| - Provision utilisedS$'000 | – | – | (33) | – | – | (33) | PDF p. 55 |
| FY2026 | |||||||
| Balance at 31 March 2026S$'000 | 1,270 | 2,691 | 182 | 890 | 214 | 5,247 | PDF p. 55 |
Original report: PDF p. 55 ↗
Values in column order: lease liabilities, borrowings, provision for restoration costs, amounts due to directors, amounts due to related companies, total. Rows are grouped by FY2025 (from 1 April 2024) and FY2026 (from 1 April 2025).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY2026 | 2025Group, FY2025 | Source |
|---|---|---|---|
| Note 23 (Loss)/Earnings per share | |||
| (Loss)/Profit attributable to ordinary shareholdersS$'000 | (2,635) | 605 | PDF p. 92 |
| Note 23 weighted average number of ordinary shares | |||
| Issued ordinary shares at beginning of yearnumber of shares | 328,128,683 | 232,172,215 | PDF p. 92 |
| Effect of ordinary shares issued during the yearnumber of shares | 344,423 | 1,577,367 | PDF p. 92 |
| Weighted average number of ordinary sharesnumber of shares | 328,473,106 | 233,749,582 | PDF p. 92 |
Original report: PDF p. 92 ↗
The diluted earnings per share is the same as the basic earnings per share as the Group does not have any dilutive potential ordinary shares during the reporting period.
Weighted average number of ordinary shares (basic and diluted) outstanding of 328,473,106 (2025: 233,749,582).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY2026 | 2025Group, FY2025 | Source |
|---|---|---|---|
| (Loss)/Earnings per share attributable to owners of the Company (Singapore cents) | |||
| - Basic and dilutedSingapore cents | (0.80) | 0.26 | PDF p. 52 |
Original report: PDF p. 52 ↗
Section header: (Loss)/Earnings per share attributable to owners of the Company (Singapore cents). Note reference 23.
Where the money comes from
| Item / unit | 2026Beauty, slimming and spa treatment for women | 2025Beauty, slimming and spa treatment for women | 2026Beauty, slimming and spa treatment for men | 2025Beauty, slimming and spa treatment for men | 2026Direct selling | 2025Direct selling | 2026Hairdressing | 2025Hairdressing | 2026Total | 2025Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment revenue | |||||||||||
| External revenueS$'000 | 3,467 | 3,760 | 238 | 159 | 8,172 | 36,898 | – | – | 11,877 | 40,817 | PDF p. 95 |
| Total revenueS$'000 | 3,467 | 3,760 | 238 | 159 | 8,172 | 36,898 | – | – | 11,877 | 40,817 | PDF p. 95 |
| Results | |||||||||||
| Segment resultsS$'000 | 331 | (3,105) | 747 | (810) | (3,069) | 4,988 | 5 | (145) | (1,986) | 928 | PDF p. 95 |
| Finance costsS$'000 | (651) | (325) | – | – | – | – | – | – | (651) | (325) | PDF p. 95 |
| (Loss)/Profit before taxationS$'000 | (320) | (3,430) | 747 | (810) | (3,069) | 4,988 | 5 | (145) | (2,637) | 603 | PDF p. 95 |
| Non-cash items | |||||||||||
| Amortisation of intangible assetsS$'000 | 1 | 1 | – | – | – | – | – | – | 1 | 1 | PDF p. 95 |
| Depreciation of plant and equipmentS$'000 | 169 | 308 | – | 2 | 10 | 7 | – | – | 179 | 317 | PDF p. 95 |
| Depreciation of right-of-use assetsS$'000 | 1,155 | 1,056 | – | – | – | – | – | – | 1,155 | 1,056 | PDF p. 95 |
| Impairment losses on trade receivablesS$'000 | – | 20 | – | – | 669 | 201 | – | – | 669 | 221 | PDF p. 95 |
| Plant and equipment written offS$'000 | 35 | 100 | – | – | – | – | – | – | 35 | 100 | PDF p. 95 |
| Capital expenditure | |||||||||||
| Additions to non-current assetsS$'000 | 406 | 2,037 | – | – | – | 31 | – | – | 406 | 2,068 | PDF p. 95 |
| Assets and liabilities | |||||||||||
| Segment assetsS$'000 | 1,755 | 3,058 | 6 | 7 | 3,028 | 5,897 | 86 | 86 | 4,875 | 9,048 | PDF p. 95 |
| Segment liabilitiesS$'000 | 9,274 | 8,458 | 206 | 145 | 6,729 | 8,712 | 362 | 758 | 16,571 | 18,073 | PDF p. 95 |
| Current tax payableS$'000 | 120 | 120 | – | – | – | – | – | – | 120 | 120 | PDF p. 95 |
Segment performance is evaluated based on operating profit or loss, which in certain respects is measured differently from the operating profit or loss in the consolidated financial statements.
The reporting segment results exclude income taxes which are not directly attributable to the business activities of any operating segment, and are not included in arriving at the operating results of the operating segment.
An unlabelled total-liabilities line (9,394 8,578 206 145 6,729 8,712 362 758 16,691 18,193) follows Current tax payable; its label is not printed so it was not extracted as a row.
Financial year ended 31 March 2026.
| Item / unit | 2026The Group | 2025The Group | Source |
|---|---|---|---|
| Additions to | |||
| - plant and equipmentS$'000 | 21 | 241 | PDF p. 96 |
| - right-of-use assetsS$'000 | 385 | 1,827 | PDF p. 96 |
Total additions 406 (2026) and 2,068 (2025) are printed as an unlabelled total line.
| Item / unit | 2026Revenue | 2025Revenue | 2026Non-current assets | 2025Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| SingaporeS$'000 | 3,376 | 5,907 | 1,225 | 2,229 | PDF p. 96 |
| Republic of ChinaS$'000 | 8,071 | 34,415 | 13 | 23 | PDF p. 96 |
| MalaysiaS$'000 | 430 | 495 | 87 | 152 | PDF p. 96 |
Non-current assets consist of plant and equipment, right-of-use assets and intangible assets.
Unlabelled totals: revenue 11,877 (2026) and 40,817 (2025); non-current assets 1,325 (2026) and 2,404 (2025).
No revenue from a single customer amounts to ten percent or more of Group revenue in either year.
Debt
| Item / unit | 2026The Group, S$'000 | 2025The Group, S$'000 | 2026The Company, S$'000 | 2025The Company, S$'000 | Source |
|---|---|---|---|---|---|
| Current | |||||
| Loans from directors (unsecured)S$'000 | 452 | 23 | – | – | PDF p. 86 |
| Loans from third parties (secured)S$'000 | 2,239 | 113 | 113 | 113 | PDF p. 86 |
| Total current borrowingsS$'000 | 2,691 | 136 | 113 | 113 | PDF p. 86 |
All borrowings are classified as Current. Loans from directors are unsecured, interest-free and repayable on demand. Third-party loans are secured by corporate and personal guarantees. The total row has no printed label.
| Item / unit | 2026S$'000 | 2025S$'000 | Source |
|---|---|---|---|
| Undiscounted lease payments due | |||
| - Year 1S$'000 | 856 | 1,233 | PDF p. 85 |
| - Year 2S$'000 | 385 | 624 | PDF p. 85 |
| - Year 3S$'000 | 61 | 217 | PDF p. 85 |
| - Year 4S$'000 | 13 | 37 | PDF p. 85 |
| - Year 5S$'000 | – | 13 | PDF p. 85 |
| Lease liabilities | |||
| Less: Unearned interest costS$'000 | (45) | (144) | PDF p. 85 |
| Represented by | |||
| - Non-currentS$'000 | 432 | 835 | PDF p. 85 |
| - CurrentS$'000 | 838 | 1,145 | PDF p. 85 |
The undiscounted total of 1,315 (2026) and 2,124 (2025) and the lease liabilities total of 1,270 (2026) and 1,980 (2025) are printed without a row label, so they are not extracted as rows. Lease liabilities relate to retail outlets and a motor vehicle, secured by the lessors' title to the leased assets.
| Item / unit | 2026S$'000 | 2025S$'000 | Source |
|---|---|---|---|
| Lease liabilities are denominated in the following currencies | |||
| Singapore dollarS$'000 | 1,172 | 1,865 | PDF p. 85 |
| Malaysian ringgitS$'000 | 98 | 115 | PDF p. 85 |
| Item / unit | 2026The Group, S$'000 | 2025The Group, S$'000 | 2026The Company, S$'000 | 2025The Company, S$'000 | Source |
|---|---|---|---|---|---|
| Fixed rate instruments - Financial liabilities | |||||
| - lease liabilities (Note 12)S$'000 | (1,270) | (1,980) | – | – | PDF p. 100 |
| - loans from third parties (Note 14)S$'000 | (2,239) | (113) | (113) | (113) | PDF p. 100 |
Lease liabilities and borrowings bear interest at fixed rates.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 — Dividend Policy | The Company does not have a fixed dividend policy. The form, frequency and amount of dividends would depend on the Company’s earnings, general financial condition, results of operations, capital requirements, cash flow, general business condition, development plans and other factors as the directors may deem appropriate that are beneficial to the Company. | Company | PDF p. 39 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend declared in FY2026 | The Company did not declare any dividend in FY2026 in view of the Group’s financial position as at 31 March 2026 and financial results for FY2026, as well as taking into account the operational and financial requirements of the Group. | FY2026 | PDF p. 39 |
Extracted from Annual report and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Foo Kon Tan LLP | Group and Company, FY ended 31 March 2026 | PDF p. 50 |
| Engagement partner | Cheong Wenjie | Group and Company, FY ended 31 March 2026 | PDF p. 50 |
| Auditor's report date | 11 September 2026 | Group and Company · As at 2026-09-11 | PDF p. 50 |
| Disclaimer of Opinion | We do not express an opinion on the accompanying consolidated financial statements of the Group and the statement of financial position of the Company. | Group and Company, FY ended 31 March 2026 | PDF p. 46 |
| Basis for Disclaimer of Opinion | we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements. | Group and Company, FY ended 31 March 2026 | PDF p. 46 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern | These conditions indicate the existence of multiple material uncertainties which may cast significant doubt on the Group’s and the Company’s ability to continue as going concern. | Group and Company, 31 March 2026 | PDF p. 49 |
| Going concern - financial support undertaking | the controlling shareholder of the Company, Suki Sushi Pte. Ltd., has given an undertaking to provide continuing financial support to the Group and the Company for the next 12 months | Group and Company | PDF p. 57 |
Extracted from Annual report and checked against the cited pages; see the original report for full context.
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.