Goodland 5PC
Financials
Annual Report 2025
Explore the statements
9 tablesConsolidated Statement of Comprehensive Income
25 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group, Restated | Source |
|---|---|---|---|
| Income statement | |||
| Revenue$ | 6,059,180 | 10,650,035 | PDF p. 52 |
| Cost of sales$ | (4,739,628) | (9,951,169) | PDF p. 52 |
| Gross profit$ | 1,319,552 | 698,866 | PDF p. 52 |
| Other income | |||
| Other operating income$ | 6,021,741 | 4,139,583 | PDF p. 52 |
| Finance income$ | 57,316 | 41,100 | PDF p. 52 |
| Expenses | |||
| Administrative expenses$ | (2,888,645) | (4,012,041) | PDF p. 52 |
| Finance costs$ | (2,264,236) | (2,777,388) | PDF p. 52 |
| Other operating expenses$ | (452,355) | (324,716) | PDF p. 52 |
| Share of associates’ results, net of tax$ | (153,251) | (27,419) | PDF p. 52 |
| Income statement | |||
| Profit/(loss) before taxation$ | 1,640,122 | (2,262,015) | PDF p. 52 |
| Income tax$ | (264,762) | 243,276 | PDF p. 52 |
| Profit/(loss) after taxation$ | 1,375,360 | (2,018,739) | PDF p. 52 |
| Other comprehensive loss/income: may be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of the financial statements of foreign entities$ | (1,672,526) | 7,100,171 | PDF p. 52 |
| Other comprehensive loss/income: will not be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of the financial statements of foreign entities$ | (720,892) | 3,046,270 | PDF p. 52 |
| Fair value (loss)/gain on financial assets, at FVOCI$ | (798,000) | 1,041,000 | PDF p. 52 |
| Other comprehensive income | |||
| Other comprehensive (loss)/income for the year, net of tax$ | (3,191,418) | 11,187,441 | PDF p. 52 |
| Comprehensive income | |||
| Total comprehensive (loss)/income for the year$ | (1,816,058) | 9,168,702 | PDF p. 52 |
| Profit/(loss) attributable to | |||
| Equity holders of the Company$ | 1,512,603 | (2,046,514) | PDF p. 52 |
| Non-controlling interests$ | (137,243) | 27,775 | PDF p. 52 |
| Subtotal$ | 1,375,360 | (2,018,739) | PDF p. 52 |
| Total comprehensive (loss)/income attributable to | |||
| Equity holders of the Company$ | (957,923) | 6,094,657 | PDF p. 52 |
| Non-controlling interests$ | (858,135) | 3,074,045 | PDF p. 52 |
| Subtotal$ | (1,816,058) | 9,168,702 | PDF p. 52 |
| Earnings/(loss) per share attributable to equity holders of the Company | |||
| - Basic earnings/(loss) per share (cents)cents per share | 0.42 | (0.57) | PDF p. 52 |
| - Diluted earnings/(loss) per share (cents)cents per share | 0.42 | (0.57) | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
2024 is marked Restated. The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Consolidated Statement of Financial Position
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, 30 September | 2024Group, Restated, 30 September | 2023Group, Restated, 1 October | Source |
|---|---|---|---|---|
| Non-Current Assets | ||||
| Property, plant and equipment$ | 1,940,444 | 1,950,667 | 2,002,302 | PDF p. 50 |
| Right-of-use assets$ | 175,305 | 238,818 | 353,209 | PDF p. 50 |
| Investment properties$ | 104,741,850 | 98,342,594 | 94,385,435 | PDF p. 50 |
| Associates$ | 850,000 | 6,103,251 | 13,250,581 | PDF p. 50 |
| Financial assets, at fair value through other comprehensive income (“FVOCI”)$ | 8,211,000 | 9,009,000 | 7,968,000 | PDF p. 50 |
| Deferred tax assets$ | 530,296 | 465,905 | 205,631 | PDF p. 50 |
| Subtotal$ | 116,448,895 | 116,110,235 | 118,165,158 | PDF p. 50 |
| Current Assets | ||||
| Trade and other receivables$ | 5,684,506 | 5,728,206 | 22,219,864 | PDF p. 50 |
| Contract assets$ | 42,764 | 129,828 | 17,919,286 | PDF p. 50 |
| Development properties$ | 234,280,543 | 216,340,360 | 202,470,749 | PDF p. 50 |
| Financial assets, at fair value through profit or loss (“FVTPL”)$ | 252,304 | 1,617,691 | 104,800 | PDF p. 50 |
| Cash and cash equivalents$ | 5,191,201 | 9,112,402 | 11,542,613 | PDF p. 50 |
| Subtotal$ | 245,451,318 | 232,928,487 | 254,257,312 | PDF p. 50 |
| Asset held-for-sale$ | - | 1,180,000 | - | PDF p. 50 |
| Subtotal$ | 245,451,318 | 234,108,487 | 254,257,312 | PDF p. 50 |
| Assets | ||||
| Total Assets$ | 361,900,213 | 350,218,722 | 372,422,470 | PDF p. 50 |
| Capital and Reserves | ||||
| Share capital$ | 63,280,416 | 63,280,416 | 63,280,416 | PDF p. 50 |
| Treasury shares$ | (9,609,538) | (9,609,538) | (9,562,616) | PDF p. 50 |
| Reserves$ | 130,040,478 | 133,063,049 | 128,314,902 | PDF p. 50 |
| Equity attributable to owners of the Company$ | 183,711,356 | 186,733,927 | 182,032,702 | PDF p. 50 |
| Non-controlling interests$ | 46,773,722 | 47,631,857 | 44,557,812 | PDF p. 50 |
| Total Equity$ | 230,485,078 | 234,365,784 | 226,590,514 | PDF p. 50 |
| Non-Current Liabilities | ||||
| Lease liabilities$ | 119,954 | 155,817 | 260,987 | PDF p. 50 |
| Bank borrowings$ | 12,787,418 | 13,462,849 | 14,018,864 | PDF p. 50 |
| Deferred tax liabilities$ | 19,050,710 | 18,848,426 | 17,693,656 | PDF p. 50 |
| Subtotal$ | 31,958,082 | 32,467,092 | 31,973,507 | PDF p. 50 |
| Current Liabilities | ||||
| Lease liabilities$ | 48,456 | 59,772 | 81,741 | PDF p. 50 |
| Trade and other payables$ | 5,871,652 | 5,831,805 | 15,990,670 | PDF p. 50 |
| Contract liabilities$ | 49,270 | 42,826 | 21,172 | PDF p. 50 |
| Bank borrowings$ | 93,487,675 | 77,451,443 | 97,764,866 | PDF p. 50 |
| Subtotal$ | 99,457,053 | 83,385,846 | 113,858,449 | PDF p. 50 |
| Equity and Liabilities | ||||
| Total Liabilities$ | 131,415,135 | 115,852,938 | 145,831,956 | PDF p. 50 |
| Total Equity and Liabilities$ | 361,900,213 | 350,218,722 | 372,422,470 | PDF p. 50 |
Definitions & sources
Original report: PDF p. 50 ↗
2024 and 1 October 2023 are marked Restated. The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Company Statement of Financial Position
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company, 30 September | 2024Company, 30 September | Source |
|---|---|---|---|
| Non-Current Assets | |||
| Subsidiaries$ | 9,879,248 | 9,879,248 | PDF p. 51 |
| Subtotal$ | 9,879,248 | 9,879,248 | PDF p. 51 |
| Current Assets | |||
| Trade and other receivables$ | 75,931,637 | 69,186,809 | PDF p. 51 |
| Cash and cash equivalents$ | 874,388 | 5,272,138 | PDF p. 51 |
| Subtotal$ | 76,806,025 | 74,458,947 | PDF p. 51 |
| Assets | |||
| Total Assets$ | 86,685,273 | 84,338,195 | PDF p. 51 |
| Capital and Reserves | |||
| Share capital$ | 63,280,416 | 63,280,416 | PDF p. 51 |
| Treasury shares$ | (9,609,538) | (9,609,538) | PDF p. 51 |
| Reserves$ | 12,399,745 | 14,848,082 | PDF p. 51 |
| Equity attributable to owners of the Company$ | 66,070,623 | 68,518,960 | PDF p. 51 |
| Current Liabilities | |||
| Trade and other payables$ | 20,614,650 | 15,819,235 | PDF p. 51 |
| Liabilities | |||
| Total Liabilities$ | 20,614,650 | 15,819,235 | PDF p. 51 |
| Equity and Liabilities | |||
| Total Equity and Liabilities$ | 86,685,273 | 84,338,195 | PDF p. 51 |
Definitions & sources
Original report: PDF p. 51 ↗
The annexed notes form an integral part of and should be read in conjunction with these financial statements.
Consolidated statement of comprehensive income
25 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group, restated | Source |
|---|---|---|---|
| Revenue and expenses | |||
| Revenue$ | 6,059,180 | 10,650,035 | PDF p. 52 |
| Cost of sales$ | (4,739,628) | (9,951,169) | PDF p. 52 |
| Gross profit$ | 1,319,552 | 698,866 | PDF p. 52 |
| Other income | |||
| Other operating income$ | 6,021,741 | 4,139,583 | PDF p. 52 |
| Finance income$ | 57,316 | 41,100 | PDF p. 52 |
| Expenses | |||
| Administrative expenses$ | (2,888,645) | (4,012,041) | PDF p. 52 |
| Finance costs$ | (2,264,236) | (2,777,388) | PDF p. 52 |
| Other operating expenses$ | (452,355) | (324,716) | PDF p. 52 |
| Share of associates’ results, net of tax$ | (153,251) | (27,419) | PDF p. 52 |
| Profit or loss | |||
| Profit/(loss) before taxation$ | 1,640,122 | (2,262,015) | PDF p. 52 |
| Income tax$ | (264,762) | 243,276 | PDF p. 52 |
| Profit/(loss) after taxation$ | 1,375,360 | (2,018,739) | PDF p. 52 |
| Other comprehensive (loss)/income after tax; items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of the financial statements of foreign entities$ | (1,672,526) | 7,100,171 | PDF p. 52 |
| Other comprehensive (loss)/income after tax; items that will not be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of the financial statements of foreign entities$ | (720,892) | 3,046,270 | PDF p. 52 |
| Fair value (loss)/gain on financial assets, at FVOCI$ | (798,000) | 1,041,000 | PDF p. 52 |
| Other comprehensive income | |||
| Other comprehensive (loss)/income for the year, net of tax$ | (3,191,418) | 11,187,441 | PDF p. 52 |
| Total comprehensive income | |||
| Total comprehensive (loss)/income for the year$ | (1,816,058) | 9,168,702 | PDF p. 52 |
| Profit/(loss) attributable to | |||
| Equity holders of the Company$ | 1,512,603 | (2,046,514) | PDF p. 52 |
| Non-controlling interests$ | (137,243) | 27,775 | PDF p. 52 |
| Unlabelled subtotal$ | 1,375,360 | (2,018,739) | PDF p. 52 |
| Total comprehensive (loss)/income attributable to | |||
| Equity holders of the Company$ | (957,923) | 6,094,657 | PDF p. 52 |
| Non-controlling interests$ | (858,135) | 3,074,045 | PDF p. 52 |
| Unlabelled subtotal$ | (1,816,058) | 9,168,702 | PDF p. 52 |
| Earnings/(loss) per share attributable to equity holders of the Company | |||
| Basic earnings/(loss) per share (cents)cents | 0.42 | (0.57) | PDF p. 52 |
| Diluted earnings/(loss) per share (cents)cents | 0.42 | (0.57) | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
The statement reports restated comparative results for 2024. The page does not show separate Company comprehensive income.
The page includes the note: “The annexed notes form an integral part of and should be read in conjunction with these financial statements.”
Consolidated statement of cash flows
40 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit/(loss) before taxation$ | 1,640,122 | (2,262,015) | PDF p. 55 |
| Adjustments for operating activities | |||
| Depreciation of property, plant and equipment$ | 106,158 | 140,398 | PDF p. 55 |
| Depreciation of right-of-use assets$ | 75,892 | 86,632 | PDF p. 55 |
| Fair value gain on investment properties$ | (5,429,620) | (3,910,000) | PDF p. 55 |
| Fair value gain on financial assets, at FVTPL$ | (42,088) | (16,537) | PDF p. 55 |
| Finance costs$ | 2,264,236 | 2,777,388 | PDF p. 55 |
| Interest income$ | (57,316) | (41,100) | PDF p. 55 |
| Dividend income from financial assets, at FVTPL$ | (2,586) | (6,991) | PDF p. 55 |
| Share of associates’ results$ | 153,251 | 27,419 | PDF p. 55 |
| Operating activities | |||
| Operating cash flows before working capital changes$ | (1,291,951) | (3,204,806) | PDF p. 55 |
| Change in trade and other receivables and contract assets$ | (128,652) | 25,341,732 | PDF p. 55 |
| Change in trade and other payables and contract liabilities$ | (35,451) | (2,914,736) | PDF p. 55 |
| Change in development properties$ | (20,477,707) | (2,451,490) | PDF p. 55 |
| Cash (used in)/generated from operations$ | (21,646,457) | 16,770,700 | PDF p. 55 |
| Interest received$ | 57,316 | 41,100 | PDF p. 55 |
| Income tax paid$ | - | - | PDF p. 55 |
| Net cash (used in)/generated from operating activities$ | (21,589,141) | 16,811,800 | PDF p. 55 |
| Cash Flows from Investing Activities | |||
| Purchase of property, plant and equipment (Note A)$ | (95,989) | (60,869) | PDF p. 55 |
| Purchase of financial assets, at fair value through profit or loss$ | (6,096,624) | (1,496,354) | PDF p. 55 |
| Proceeds from sale of financial assets, at FVTPL$ | 7,504,656 | - | PDF p. 55 |
| Proceeds from disposal of an investment property$ | 1,180,000 | - | PDF p. 55 |
| Advances to related parties$ | 3,548 | (313,459) | PDF p. 55 |
| Repayment of advances from non-controlling interests$ | 1,813 | 1,035 | PDF p. 55 |
| (Advances)/ repayment of advances from associates$ | (3,249) | 9,251,808 | PDF p. 55 |
| Dividends received from associates and financial assets, at FVTPL$ | 5,102,586 | 6,991 | PDF p. 55 |
| Net cash generated from investing activities$ | 7,596,741 | 7,389,152 | PDF p. 55 |
| Cash Flows from Financing Activities | |||
| Purchases of treasury shares$ | - | (46,922) | PDF p. 55 |
| Proceeds from bank loans (Note B)$ | 20,457,324 | 6,491,972 | PDF p. 55 |
| Repayment of bank loans (Note B)$ | (5,096,522) | (27,361,410) | PDF p. 55 |
| Principal repayment of lease liabilities (Note B)$ | (59,558) | (127,139) | PDF p. 55 |
| (Repayment of advances)/advances from related parties (Note B)$ | 164,689 | (328,684) | PDF p. 55 |
| Advances to non-controlling interests (Note B)$ | 17,412 | 141,414 | PDF p. 55 |
| (Repayment)/advances from directors (Note B)$ | (17,270) | 14,158 | PDF p. 55 |
| Interest paid (Note B)$ | (3,331,589) | (4,063,978) | PDF p. 55 |
| Dividend paid$ | (2,064,648) | (1,346,510) | PDF p. 55 |
| Net cash generated/(used in) from financing activities$ | 10,069,838 | (26,627,099) | PDF p. 55 |
| Cash reconciliation | |||
| Net decrease in cash and cash equivalents$ | (3,922,562) | (2,426,147) | PDF p. 55 |
| Cash and cash equivalents at beginning of financial year$ | 9,112,402 | 11,542,613 | PDF p. 55 |
| Effect of exchange rate changes on balances held in foreign currencies$ | 1,361 | (4,064) | PDF p. 55 |
| Cash and cash equivalents at end of financial year$ | 5,191,201 | 9,112,402 | PDF p. 55 |
Definitions & sources
Original report: PDF p. 55 ↗
The printed notes under this statement include: “A. During the financial year, the Group acquired property, plant and equipment with an aggregate cost of $95,989 (2024: $60,869) and cash payments of $95,989 (2024: $60,869) were made to purchase property, plant and equipment.”
The printed notes also include: “B. Reconciliation of movements of liabilities to cash flows arising from financing activities, excluding equity item:” The detailed reconciliation is on the following page and was not included in the requested primary statement extraction.
The page includes the note: “The annexed notes form an integral part of and should be read in conjunction with these financial statements.”
The statement presents Group columns only. The Company cash flow statement is not presented on the read pages.
Earnings/(loss) per share attributable to equity holders of the Company
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group, Restated | Source |
|---|---|---|---|
| Earnings/(loss) per share attributable to equity holders of the Company | |||
| - Basic earnings/(loss) per share (cents)Cents per share | 0.42 | (0.57) | PDF p. 52 |
| - Diluted earnings/(loss) per share (cents)Cents per share | 0.42 | (0.57) | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
The header identifies the 2024 comparative as “Restated”. The report states: “The basic and diluted earnings per share are the same as there were no potentially dilutive ordinary shares in issue as at 30 September 2025 and 30 September 2024.”
Earnings/(loss) per share calculation
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Earnings/(loss) per share calculation | |||
| Profit /(loss) attributable to owners of the Company ($)$ | 1,512,603 | (2,046,514) | PDF p. 104 |
| Weighted average number of ordinary shares issued used in the calculation of basic earnings per shareOrdinary shares | 359,069,118 | 359,080,572 | PDF p. 104 |
| Basic and diluted (loss)/earnings (cents per share)Cents per share | 0.42 | (0.57) | PDF p. 104 |
Definitions & sources
Original report: PDF p. 104 ↗
The report says the basic and diluted earnings per share are the same because there were no potentially dilutive ordinary shares in issue as at 30 September 2025 and 30 September 2024.
Dividends paid
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025The Group and The Company | 2024The Group and The Company | Source |
|---|---|---|---|
| Tax-exempt dividends paid | |||
| Special dividend of 0.075 cent (2024: 0.15 cent) per share, in respect of previous financial year$ | 269,302 | 538,604 | PDF p. 123 |
| Final dividend of 0.5 cent (2024: 0.15 cent) per share in respect of previous financial year$ | 1,795,346 | 538,604 | PDF p. 123 |
| Total tax-exempt dividends paid$ | 2,064,648 | 1,346,510 | PDF p. 123 |
Definitions & sources
Original report: PDF p. 123 ↗
The printed dividend descriptions are retained in the row labels. The report further states: “At the Annual General Meeting, a final dividend of 0.15 (2024: 0.5) Singapore cent per share and a special dividend of Nil (2024: 0.075) Singapore cent per share for the financial year ended 30 September 2025 will be proposed. These financial statements do not reflect this dividend, which will be accounted for in shareholder’s equity as an appropriation of retained earnings in the financial year ending 30 September 2025.”
Proposed final dividend per share
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group announcement, proposed for FY ended 30 September 2025 | Source |
|---|---|---|
| Dividend | ||
| final tax-exempt cash dividendSingapore cents per ordinary share | 0.15 | PDF p. 8 |
Definitions & sources
Original report: PDF p. 8 ↗
The dividend is subject to shareholders’ approval at the next Annual General Meeting, stated as 27 January 2026. The CEO message says it will be paid on or about 12 March 2026 if approved. This is a proposed dividend, not a dividend paid in the reported financial year.
Where the money comes from
Segment information
By business
Reconciliation of segment result to profit/(loss) before taxation (Note 34(a)) 6 lines
| Item / unit | 2025$ | 2024$ | Source |
|---|---|---|---|
| Segment result reconciliation | |||
| Segment result$ | 6,888,938 | 4,513,733 | PDF p. 109 |
| Finance costs$ | (2,264,236) | (2,777,388) | PDF p. 109 |
| Share of results of associates$ | (153,251) | (27,419) | PDF p. 109 |
| Administrative expenses$ | (2,888,645) | (4,012,041) | PDF p. 109 |
| Finance income$ | 57,316 | 41,100 | PDF p. 109 |
| Profit/(loss) before taxation$ | 1,640,122 | (2,262,015) | PDF p. 109 |
Notes
The main business segment table (property development, construction, property investment, others) is on physical pages 107-108, which have no extractable text; not extracted.
Reconciliation of segment assets to total assets (Note 34(b)) 6 lines
| Item / unit | 2025$ | 2024$ | Source |
|---|---|---|---|
| Segment assets reconciliation | |||
| Segment assets$ | 356,076,608 | 339,488,478 | PDF p. 109 |
| Property, plant and equipment$ | 9 | 151 | PDF p. 109 |
| Trade and other receivables$ | 380,091 | - | PDF p. 109 |
| Financial assets, at FVTPL$ | 252,304 | 1,617,691 | PDF p. 109 |
| Cash and cash equivalents$ | 5,191,201 | 9,112,402 | PDF p. 109 |
| Total assets$ | 361,900,213 | 350,218,722 | PDF p. 109 |
Notes
Reportable segments' assets are reconciled to total assets as follows.
Reconciliation of segment liabilities to total liabilities (Note 34(c)) 5 lines
| Item / unit | 2025$ | 2024$, Restated | Source |
|---|---|---|---|
| Segment liabilities reconciliation | |||
| Segment liabilities$ | 113,354,948 | 97,622,419 | PDF p. 109 |
| Trade and other payables$ | 31,094 | 186,674 | PDF p. 109 |
| Lease liabilities$ | 29,093 | 43,845 | PDF p. 109 |
| Borrowings$ | 18,000,000 | 18,000,000 | PDF p. 109 |
| Total liabilities$ | 131,415,135 | 115,852,938 | PDF p. 109 |
Notes
The 2024 column is headed 'Restated'.
By geography
Geographical segment, 2025 (Note 34(d)) 5 lines
| Item / unit | 2025Singapore, $ | 2025Malaysia, $ | 2025Total, $ | Source |
|---|---|---|---|---|
| 2025 | ||||
| External revenue$ | 6,029,104 | 30,076 | 6,059,180 | PDF p. 110 |
| Non-current assets excluding deferred tax assets and financial instruments$ | 85,925,670 | 21,781,929 | 107,707,599 | PDF p. 110 |
| Deferred tax assets$ | 530,296 | - | 530,296 | PDF p. 110 |
| Financial assets, at FVOCI$ | 8,211,000 | - | 8,211,000 | PDF p. 110 |
| Total non-current assets$ | 94,666,966 | 21,781,929 | 116,448,895 | PDF p. 110 |
Notes
Revenue and non-current assets based on geographical location of customers and assets. Revenue of approximately $4,880,000 (2024: $9,210,000) is derived from one external customer (2024: two customers), attributable to the Singapore property development segment.
Geographical segment, 2024 (Note 34(d)) 5 lines
| Item / unit | 2024Singapore, $ | 2024Malaysia, $ | 2024Total, $ | Source |
|---|---|---|---|---|
| 2024 | ||||
| External revenue$ | 10,630,970 | 19,065 | 10,650,035 | PDF p. 110 |
| Non-current assets excluding deferred tax assets and financial instruments$ | 95,008,468 | 11,626,862 | 106,635,330 | PDF p. 110 |
| Deferred tax assets$ | 465,905 | - | 465,905 | PDF p. 110 |
| Financial assets, at FVOCI$ | 9,009,000 | - | 9,009,000 | PDF p. 110 |
| Total non-current assets$ | 104,483,373 | 11,626,862 | 116,110,235 | PDF p. 110 |
Notes
Same table as 2025 geographical segment; 2024 comparatives.
Debt
Borrowings
Borrowing notes 4 tables
Bank borrowings
| Item / unit | 2025$ | 2024$ | Source |
|---|---|---|---|
| Non-current liabilities - Bank loans (secured); year of maturity 2025-2029 | |||
| Between two to five years$ | 12,787,418 | 12,248,177 | PDF p. 99 |
| Non-current liabilities - Bank loans (secured); year of maturity 2030-2034 | |||
| Repayable after five years$ | - | 1,214,672 | PDF p. 99 |
| Current liabilities - Bank loans (secured); year of maturity 2025-2027 | |||
| Repayable after one year, but within normal operating cycle$ | 44,088,817 | 31,379,246 | PDF p. 99 |
| Total | |||
| Total borrowings$ | 106,275,093 | 90,914,292 | PDF p. 99 |
Notes
Non-current subtotal 12,787,418 (2025) / 13,462,849 (2024); current subtotal 93,487,675 / 77,451,443 (printed on page 99). All bank loans are secured; no unsecured borrowings printed. Loans secured by mortgages, assignments, corporate guarantees by the Company, etc. (page 100). Currency: Singapore dollars ($).
Bank loans exposed to interest rate (fixed vs floating)
| Item / unit | 2025$ | 2024$ | Source |
|---|---|---|---|
| Interest rate exposure | |||
| At fixed rates$ | 108,321 | 1,393,936 | PDF p. 100 |
| At floating rates$ | 106,166,772 | 89,520,356 | PDF p. 100 |
Notes
Total 106,275,093 (2025) and 90,914,292 (2024).
Fair value of bank loans (secured)
| Item / unit | 2025Group carrying amount, $ | 2024Group carrying amount, $ | 2025Group fair value, $ | 2024Group fair value, $ | Source |
|---|---|---|---|---|---|
| Fair value of non-current borrowings | |||||
| Bank loans (secured)$ | 106,275,094 | 90,914,292 | 104,257,508 | 88,724,553 | PDF p. 99 |
Notes
Includes those repayable after 1 year but classified as current. Discount rate 5.25% in both 2025 and 2024 (page 100).
Lease liabilities - undiscounted lease payments and presentation
| Item / unit | 2025$ | 2024$ | Source |
|---|---|---|---|
| Undiscounted lease payments due | |||
| - Year 1$ | 59,012 | 71,853 | PDF p. 98 |
| - Year 2$ | 47,133 | 55,807 | PDF p. 98 |
| - Year 3$ | 40,981 | 43,929 | PDF p. 98 |
| - Year 4$ | 40,236 | 37,776 | PDF p. 98 |
| - Year 5$ | 22,488 | 37,031 | PDF p. 98 |
| - More than 5 years$ | - | 20,351 | PDF p. 98 |
| Less: Future interest cost$ | (41,440) | (51,158) | PDF p. 98 |
| Total | |||
| Lease liabilities$ | 168,410 | 215,589 | PDF p. 98 |
| Presented as | |||
| - Non-current$ | 119,954 | 155,817 | PDF p. 98 |
| - Current$ | 48,456 | 59,772 | PDF p. 98 |
Notes
Undiscounted total printed as 209,850 (2025) and 266,747 (2024). Incremental borrowing rate: 2.8% to 4.0% (2024: 2.92%) (page 99).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company does not have a formal dividend policy. Any declaration and payment of dividends will depend on, inter alia, the Group’s operating results, business and financial conditions, cash flow, capital requirements and other factors deemed relevant by the Board. There can be no assurance that dividends will be paid in the future or of the amount or timing of any dividends that will be paid in the future. | Company | PDF p. 37 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Proposed Final Dividend | 0.15 Singapore cent per ordinary share | FY2025 (year ended 30 September 2025), proposed, tax-exempt (one-tier) | PDF p. 131 |
| Books closure date | 12 February 2026 | FY2025 proposed final dividend · As at 2026-02-12 | PDF p. 131 |
| Proposed Final Dividend payment date | 12 March 2026 | FY2025 proposed final dividend · As at 2026-03-12 | PDF p. 131 |
| final dividend | 0.5 Singapore cent per share | FY2024 (comparative), final dividend proposed for year ended 30 September 2024 and paid in FY2025; tax-exempt | PDF p. 123 |
| special dividend | Nil | FY2025 proposed (year ended 30 September 2025); comparative 2024: 0.075 Singapore cent per share | PDF p. 123 |
| Interim dividend | Nil | Current financial year 2025; comparative 2024: 0.075 cent per share; tax-exempt | PDF p. 123 |
| Special dividend | 0.075 cent per share | Paid in 2025 in respect of previous financial year; comparative 2024: 0.15 cent; Group and Company; tax-exempt | PDF p. 123 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Tax-exempt dividends paid | 2,064,648 $ | Group and Company, 2025 (comparative 2024: 1,346,510) | PDF p. 123 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| NEXIA SINGAPORE PAC | NEXIA SINGAPORE PAC | Group | PDF p. 49 |
| Engagement partner | Chan Rouh Ting | Group | PDF p. 49 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)s”) so as to give a true and fair view | Group and Company | PDF p. 45 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern | The financial statements have been prepared on a going concern basis | Group | PDF p. 57 |
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.