OneApex 5SY
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Financials
Annual report
Explore the statements
11 tablesBalance sheets as at 30 September 2025 (Group and Company)
25 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipment$ | 207,727 | 97,389 | 17,653 | 57,074 | PDF p. 77 |
| Investment in subsidiaries$ | – | – | 1,569,625 | 4,338,055 | PDF p. 77 |
| Total non-current assets$ | 207,727 | 97,389 | 1,587,278 | 4,395,129 | PDF p. 77 |
| Current assets | |||||
| Cash and cash equivalents$ | 6,438,487 | 14,314,443 | 6,341,515 | 12,625,316 | PDF p. 77 |
| Trade receivables$ | 15,209 | 242,266 | 136,510 | 422,248 | PDF p. 77 |
| Other receivables$ | 44,274 | 190,604 | 31,936 | 99,738 | PDF p. 77 |
| Contract assets$ | – | 7,622,688 | – | – | PDF p. 77 |
| Completed property$ | 2,518,984 | 2,518,984 | – | – | PDF p. 77 |
| Total current assets$ | 9,016,954 | 24,888,985 | 6,509,961 | 13,147,302 | PDF p. 77 |
| Assets | |||||
| Total assets$ | 9,224,681 | 24,986,374 | 8,097,239 | 17,542,431 | PDF p. 77 |
| Current liabilities | |||||
| Other liabilities$ | 267,508 | 1,814,554 | 629,856 | 322,492 | PDF p. 77 |
| Lease liabilities$ | 2,657 | 17,875 | 2,657 | 17,875 | PDF p. 77 |
| Income tax payable$ | – | 2,465,908 | – | – | PDF p. 77 |
| Total current liabilities$ | 270,165 | 4,298,337 | 632,513 | 340,367 | PDF p. 77 |
| Net current assets$ | 8,746,789 | 20,590,648 | 5,877,448 | 12,806,935 | PDF p. 77 |
| Non-current liabilities | |||||
| Lease liabilities$ | 11,052 | 2,771 | 11,052 | 2,771 | PDF p. 77 |
| Total non-current liabilities$ | 11,052 | 2,771 | 11,052 | 2,771 | PDF p. 77 |
| Liabilities | |||||
| Total liabilities$ | 281,217 | 4,301,108 | 643,565 | 343,138 | PDF p. 77 |
| Net assets$ | 8,943,464 | 20,685,266 | 7,453,674 | 17,199,293 | PDF p. 77 |
| Capital, reserves and non-controlling interests | |||||
| Share capital$ | 13,292,106 | 13,292,106 | 13,292,106 | 13,292,106 | PDF p. 77 |
| (Accumulated losses)/ retained$ | (5,749,430) | 3,572,685 | (5,838,432) | 3,907,187 | PDF p. 77 |
| Equity attributable to owners of the$ | 7,542,676 | 16,864,791 | 7,453,674 | 17,199,293 | PDF p. 77 |
| Non-controlling interests$ | 1,400,788 | 3,820,475 | – | – | PDF p. 77 |
| Total equity$ | 8,943,464 | 20,685,266 | 7,453,674 | 17,199,293 | PDF p. 77 |
| Total liabilities and equity$ | 9,224,681 | 24,986,374 | 8,097,239 | 17,542,431 | PDF p. 77 |
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Original report: PDF p. 77 ↗
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Quotes are whitespace-normalized; some labels wrap over two printed lines in the source.
Consolidated statement of comprehensive income for the financial year ended 30 September 2025 (Group)
28 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Re-presented) | Source |
|---|---|---|---|
| Continuing operations | |||
| Revenue$ | 49,947 | 76,281,798 | PDF p. 78 |
| Other income$ | 241,824 | 1,519,194 | PDF p. 78 |
| Cost of properties sold$ | – | (58,770,164) | PDF p. 78 |
| Employee benefits expense$ | (991,109) | (1,607,264) | PDF p. 78 |
| Depreciation expense$ | (53,760) | (101,200) | PDF p. 78 |
| Other operating expenses$ | (575,128) | (485,049) | PDF p. 78 |
| Share of associate results$ | – | 791,487 | PDF p. 78 |
| Finance costs$ | (211) | (23,536) | PDF p. 78 |
| (Loss)/profit before tax from continuing operations$ | (1,328,437) | 17,605,266 | PDF p. 78 |
| Income tax expense$ | (11,065) | (2,458,823) | PDF p. 78 |
| (Loss)/profit for the year from continuing operations,$ | (1,339,502) | 15,146,443 | PDF p. 78 |
| Discontinued operations | |||
| Loss from discontinued operations, net of tax$ | (60,216) | (43,996) | PDF p. 78 |
| Gain on sale of discontinued operations$ | 35,465 | – | PDF p. 78 |
| (Loss)/profit for the year, net of tax$ | (1,364,253) | 15,102,447 | PDF p. 78 |
| Other comprehensive income for the year, net of tax$ | – | – | PDF p. 78 |
| Total comprehensive (loss)/income for the year,$ | (1,364,253) | 15,102,447 | PDF p. 78 |
| (Loss)/profit attributable to: Owners of the Company | |||
| (Loss)/profit from continuing operations, net of tax$ | (1,299,560) | 7,835,802 | PDF p. 78 |
| Profit/(loss) from discontinued operations, net of tax$ | 4,755 | (22,438) | PDF p. 78 |
| (Loss)/profit for the year attributable to owners of the Company$ | (1,294,805) | 7,813,364 | PDF p. 78 |
| Non-controlling Interests | |||
| (Loss)/profit from continuing operations, net of tax$ | (39,942) | 7,310,641 | PDF p. 78 |
| Loss from discontinued operations, net of tax$ | (29,506) | (21,558) | PDF p. 78 |
| (Loss)/profit for the year attributable to non-controlling interests$ | (69,448) | 7,289,083 | PDF p. 78 |
| Total comprehensive (loss)/income attributable to: Owners of the Company | |||
| Total comprehensive income/(loss) from discontinued operation, net of$ | 4,755 | (22,438) | PDF p. 79 |
| Total comprehensive (loss)/income for the year attributable to owners$ | (1,294,805) | 7,813,364 | PDF p. 79 |
| Total comprehensive (loss)/income attributable to: Non-controlling Interests | |||
| Total comprehensive loss from discontinued operation, net of tax$ | (29,506) | (21,558) | PDF p. 79 |
| Total comprehensive (loss)/income for the year attributable to non-$ | (69,448) | 7,289,083 | PDF p. 79 |
| Earnings per share | |||
| Basic and diluted (loss)/earnings per share from continuing operationscents per share | (1.54) | 9.27 | PDF p. 79 |
| Basic and diluted (loss)/earnings per share from continuing andcents per share | (1.53) | 9.25 | PDF p. 79 |
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Definitions & sources
Original report: PDF p. 78 ↗ PDF p. 79 ↗
(1) The comparative figures have been re-presented to report separately profit and loss items for continuing or discontinued operation.
The accompanying accounting policies and explanatory notes form an integral part of the financial statements.
Statement spans physical pages 78 and 79. Wrapped labels have the numbers on the continuation line; original_label is the first printed fragment.
Total comprehensive income from continuing operations attributable to owners (1,299,560; 7,835,802) and to NCI (39,942; 7,310,641) are on page 79 but not extracted as separate rows.
Consolidated statement of comprehensive income (Group) – part 1
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, FY ended 30 September 2025 | 2024Group, FY ended 30 September 2024, re-presented | Source |
|---|---|---|---|
| Continuing operations | |||
| Revenue$ | 49,947 | 76,281,798 | PDF p. 78 |
| Other income$ | 241,824 | 1,519,194 | PDF p. 78 |
| Cost of properties sold$ | – | (58,770,164) | PDF p. 78 |
| Employee benefits expense$ | (991,109) | (1,607,264) | PDF p. 78 |
| Depreciation expense$ | (53,760) | (101,200) | PDF p. 78 |
| Other operating expenses$ | (575,128) | (485,049) | PDF p. 78 |
| Share of associate results$ | – | 791,487 | PDF p. 78 |
| Finance costs$ | (211) | (23,536) | PDF p. 78 |
| (Loss)/profit before tax from continuing operations$ | (1,328,437) | 17,605,266 | PDF p. 78 |
| Income tax expense$ | (11,065) | (2,458,823) | PDF p. 78 |
| (Loss)/profit for the year from continuing operations,$ | (1,339,502) | 15,146,443 | PDF p. 78 |
| Discontinued operations | |||
| Loss from discontinued operations, net of tax$ | (60,216) | (43,996) | PDF p. 78 |
| Gain on sale of discontinued operations$ | 35,465 | – | PDF p. 78 |
| Total | |||
| (Loss)/profit for the year, net of tax$ | (1,364,253) | 15,102,447 | PDF p. 78 |
| Other comprehensive income for the year, net of tax$ | – | – | PDF p. 78 |
| Total comprehensive (loss)/income for the year,$ | (1,364,253) | 15,102,447 | PDF p. 78 |
| Profit attributable to: Owners of the Company | |||
| (Loss)/profit from continuing operations, net of tax$ | (1,299,560) | 7,835,802 | PDF p. 78 |
| Profit/(loss) from discontinued operations, net of tax$ | 4,755 | (22,438) | PDF p. 78 |
| (Loss)/profit for the year attributable to owners of the Company$ | (1,294,805) | 7,813,364 | PDF p. 78 |
| Profit attributable to: Non-controlling Interests | |||
| (Loss)/profit from continuing operations, net of tax$ | (39,942) | 7,310,641 | PDF p. 78 |
| Loss from discontinued operations, net of tax$ | (29,506) | (21,558) | PDF p. 78 |
| (Loss)/profit for the year attributable to non-controlling interests$ | (69,448) | 7,289,083 | PDF p. 78 |
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Definitions & sources
Original report: PDF p. 78 ↗
(1) The comparative figures have been re-presented to report separately profit and loss items for continuing or discontinued operation.
Consolidated statement of comprehensive income (Group) – part 2: total comprehensive income attribution and EPS
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, FY ended 30 September 2025 | 2024Group, FY ended 30 September 2024, re-presented | Source |
|---|---|---|---|
| Total comprehensive (loss)/income attributable to: Owners of the Company | |||
| Total comprehensive (loss)/income from continuing operations, net of$ | (1,299,560) | 7,835,802 | PDF p. 79 |
| Total comprehensive income/(loss) from discontinued operation, net of$ | 4,755 | (22,438) | PDF p. 79 |
| Total comprehensive (loss)/income for the year attributable to owners$ | (1,294,805) | 7,813,364 | PDF p. 79 |
| Total comprehensive (loss)/income attributable to: Non-controlling Interests | |||
| Total comprehensive (loss)/income from continuing operations, net of$ | (39,942) | 7,310,641 | PDF p. 79 |
| Total comprehensive loss from discontinued operation, net of tax$ | (29,506) | (21,558) | PDF p. 79 |
| Total comprehensive (loss)/income for the year attributable to non-$ | (69,448) | 7,289,083 | PDF p. 79 |
| Earnings per share | |||
| Basic and diluted (loss)/earnings per share from continuing operationscents | (1.54) | 9.27 | PDF p. 79 |
| Basic and diluted (loss)/earnings per share from continuing andcents | (1.53) | 9.25 | PDF p. 79 |
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Definitions & sources
Original report: PDF p. 79 ↗
(1) The comparative figures have been re-presented to report separate profit and loss items for continuing or discontinued operation.
Statement of changes in equity – Group, year ended 30 September 2025
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group Share capital (Note 15), $ | 2025Group Retained earnings/(accumulated losses), $ | 2025Group Attributable to owners of the Company, $ | 2025Group Non-controlling interests, $ | 2025Group Total equity, $ | Source |
|---|---|---|---|---|---|---|
| Group 2025 | ||||||
| Balance at 1 October 2024$ | 13,292,106 | 3,572,685 | 16,864,791 | 3,820,475 | 20,685,266 | PDF p. 80 |
| Group 2025 – Total comprehensive loss for the year | ||||||
| Loss for the year$ | – | (1,294,805) | (1,294,805) | (69,448) | (1,364,253) | PDF p. 80 |
| Group 2025 | ||||||
| Dividends paid (Note 28)$ | – | (8,027,310) | (8,027,310) | – | (8,027,310) | PDF p. 80 |
| Disposal of subsidiaries (Note$ | – | – | – | (350,239) | (350,239) | PDF p. 80 |
| Capital reduction by$ | – | – | – | (2,000,000) | (2,000,000) | PDF p. 80 |
| Balance at 30 September$ | 13,292,106 | (5,749,430) | 7,542,676 | 1,400,788 | 8,943,464 | PDF p. 80 |
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Original report: PDF p. 80 ↗
Statement of changes in equity – Group, year ended 30 September 2024
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group Share capital (Note 15), $ | 2024Group Retained earnings/(accumulated losses), $ | 2024Group Attributable to owners of the Company, $ | 2024Group Non-controlling interests, $ | 2024Group Total equity, $ | Source |
|---|---|---|---|---|---|---|
| Group 2024 | ||||||
| Balance at 1 October 2023$ | 13,292,106 | (4,240,679) | 9,051,427 | 3,281,392 | 12,332,819 | PDF p. 80 |
| Group 2024 – Total comprehensive income for the year | ||||||
| Profit for the year$ | – | 7,813,364 | 7,813,364 | 7,289,083 | 15,102,447 | PDF p. 80 |
| Group 2024 | ||||||
| Dividend paid to non-$ | – | – | – | (6,750,000) | (6,750,000) | PDF p. 80 |
| Balance at 30 September$ | 13,292,106 | 3,572,685 | 16,864,791 | 3,820,475 | 20,685,266 | PDF p. 80 |
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Original report: PDF p. 80 ↗
Label wraps: 'Dividend paid to non-controlling interests (Note 16)'.
Statement of changes in equity – Company, 2025
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company Share capital (Note 15), $ | 2025Company Retained earnings/(accumulated losses), $ | 2025Company Total equity, $ | Source |
|---|---|---|---|---|
| Company 2025 | ||||
| Balance at 1 October 2024$ | 13,292,106 | 3,907,187 | 17,199,293 | PDF p. 80 |
| Loss for the year, representing$ | – | (1,718,309) | (1,718,309) | PDF p. 80 |
| Dividends paid (Note 28)$ | – | (8,027,310) | (8,027,310) | PDF p. 80 |
| Balance at 30 September 2025$ | 13,292,106 | (5,838,432) | 7,453,674 | PDF p. 80 |
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Original report: PDF p. 80 ↗
Statement of changes in equity – Company, 2024
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Company Share capital (Note 15), $ | 2024Company Retained earnings/(accumulated losses), $ | 2024Company Total equity, $ | Source |
|---|---|---|---|---|
| Company 2024 | ||||
| Balance at 1 October 2023$ | 13,292,106 | (4,369,447) | 8,922,659 | PDF p. 80 |
| Profit for the year, representing$ | – | 8,276,634 | 8,276,634 | PDF p. 80 |
| Balance at 30 September 2024$ | 13,292,106 | 3,907,187 | 17,199,293 | PDF p. 80 |
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Original report: PDF p. 80 ↗
Consolidated statement of cash flows (Group)
36 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, FY ended 30 September 2025 | 2024Group, FY ended 30 September 2024, re-presented | Source |
|---|---|---|---|
| Operating activities | |||
| (Loss)/profit before income tax from continuing operations$ | (1,328,437) | 17,605,266 | PDF p. 81 |
| Loss before income tax from discontinued operations$ | (24,751) | (44,819) | PDF p. 81 |
| Subtotal before adjustments (unlabelled)$ | (1,353,188) | 17,560,447 | PDF p. 81 |
| Operating activities – Adjustments for | |||
| Interest expense$ | 211 | 23,536 | PDF p. 81 |
| Interest income$ | (146,640) | (107,204) | PDF p. 81 |
| Depreciation of property, plant and equipment$ | 53,760 | 101,200 | PDF p. 81 |
| Write-off of property, plant and equipment$ | 66,657 | – | PDF p. 81 |
| Gain on disposal of associated company$ | – | (1,404,851) | PDF p. 81 |
| Gain on disposal of subsidiary companies$ | (35,465) | – | PDF p. 81 |
| Share of profit from associated company$ | – | (791,487) | PDF p. 81 |
| Operating activities | |||
| Operating cash flows before changes in working capital$ | (1,414,665) | 15,381,641 | PDF p. 81 |
| Operating activities – working capital | |||
| Completed property$ | – | 51,066,988 | PDF p. 81 |
| Trade receivables$ | 167,750 | (20,293) | PDF p. 81 |
| Other receivables$ | (1,449,735) | 28,013 | PDF p. 81 |
| Contract assets$ | 7,622,688 | (7,622,688) | PDF p. 81 |
| Capitalised contract cost$ | – | 2,217,246 | PDF p. 81 |
| Contract liabilities$ | – | (30,490,754) | PDF p. 81 |
| Other liabilities$ | 108,156 | (4,945,661) | PDF p. 81 |
| Operating activities | |||
| Cash flows from operations$ | 5,034,194 | 25,614,492 | PDF p. 81 |
| Interest paid$ | (211) | (23,536) | PDF p. 81 |
| Income tax paid$ | (2,468,783) | (2,498) | PDF p. 81 |
| Net cash flows generated from operating activities$ | 2,565,200 | 25,588,458 | PDF p. 81 |
| Investing activities | |||
| Purchase of property, plant and equipment$ | (219,434) | (8,024) | PDF p. 81 |
| Proceeds from disposal of an associated company$ | – | 5,200,000 | PDF p. 81 |
| Net cash outflows from disposal of subsidiary companies$ | (312,544) | – | PDF p. 81 |
| Capital reduction in subsidiary company$ | (2,000,000) | – | PDF p. 81 |
| Interest received$ | 136,390 | 48,408 | PDF p. 81 |
| Net cash flows (used in)/generated from investing activities$ | (2,395,588) | 5,240,384 | PDF p. 81 |
| Financing activities | |||
| Net repayment of bank loans$ | – | (16,497,850) | PDF p. 81 |
| Repayment of principal portion of lease liabilities$ | (18,258) | (61,318) | PDF p. 81 |
| Dividends paid to non-controlling interests$ | – | (6,750,000) | PDF p. 81 |
| Dividends paid to owners of the Company$ | (8,027,310) | – | PDF p. 81 |
| Net cash flows used in financing activities$ | (8,045,568) | (23,309,168) | PDF p. 81 |
| Net change in cash | |||
| Net (decrease)/increase in cash and cash equivalents$ | (7,875,956) | 7,519,674 | PDF p. 81 |
| Cash and cash equivalents at beginning of the year$ | 14,314,443 | 6,794,769 | PDF p. 81 |
| Cash and cash equivalents at end of the year$ | 6,438,487 | 14,314,443 | PDF p. 81 |
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Original report: PDF p. 81 ↗
(1) The comparative figures have been re-presented to report separately profit and loss items for continuing or discontinued operation.
Note 23 (Loss)/earnings per share - Group
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Note 23 (Loss)/earnings per share | |||
| Number of ordinary sharesNo. of shares | 84,498,000 | 84,498,000 | PDF p. 116 |
| (Loss)/profit for the year attributable to owners of the Company from continuing operations$ | (1,299,560) | 7,835,802 | PDF p. 116 |
| (Loss)/earnings per share (cents) from continuing operationscents | (1.54) | 9.27 | PDF p. 116 |
| Profit/(loss) for the year attributable to owners of the Company from discontinued operations$ | 4,755 | (22,438) | PDF p. 116 |
| Earnings/(loss) per share (cents) from discontinued operationscents | 0.01 | (0.02) | PDF p. 116 |
| (Loss)/profit for the year attributable to owners of the Company from continuing and discontinued operations$ | (1,294,805) | 7,813,364 | PDF p. 116 |
| (Loss)/earnings per share (cents) from continuing and discontinued operationscents | (1.53) | 9.25 | PDF p. 116 |
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Original report: PDF p. 116 ↗
The fully diluted (loss)/earnings per share is equal to the basic (loss)/earnings per share as there is no dilution. (page 117)
Note 28 Dividends - Group and Company
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Ordinary dividends on ordinary shares | |||
| Final cash dividend for 2025: Nil (2024: 1 cent per share)$ | – | 844,980 | PDF p. 133 |
| Special dividends on ordinary shares | |||
| Special cash dividend for 2025: Nil (2024: 8.5 cents per share)$ | – | 7,182,330 | PDF p. 133 |
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Original report: PDF p. 133 ↗
Total dividends printed as – (2025) and 8,027,310 (2024).
Where the money comes from
Segment information
By business
Segment information - Continuing operations 2025: revenue and result (Note 24) 2 lines
| Item / unit | 2025Property development ($) | 2025Property management ($) | 2025Property investment ($) | 2025Total ($) | Source |
|---|---|---|---|---|---|
| Revenue | |||||
| External revenue$ | – | 49,947 | – | 49,947 | PDF p. 118 |
| Result | |||||
| Segment result$ | (68,819) | (312,540) | – | (381,359) | PDF p. 118 |
Notes
Unallocated rows show only a Total column value. Segment result represents profit earned by each segment without allocation of other income, corporate expenses and finance costs.
Segment information - 2025 segment assets and liabilities (continuing operations) 2 lines
| Item / unit | 2025Property development ($) | 2025Property management ($) | 2025Property investment ($) | 2025Total ($) | Source |
|---|---|---|---|---|---|
| Segment assets | |||||
| Segment assets$ | 2,895,648 | 347,097 | – | 3,242,745 | PDF p. 119 |
| Segment liabilities | |||||
| Segment liabilities$ | 89,260 | 94,071 | – | 183,331 | PDF p. 119 |
Notes
Unallocated corporate assets mainly comprise cash and cash equivalents and property, plant and equipment. Unallocated corporate liabilities include other payables and lease liabilities. Unallocated/total rows show only Total column value.
Segment information - Discontinued operations 2025 (Financial services) 3 lines
| Item / unit | 2025Discontinued operations - Financial services ($) | Source |
|---|---|---|
| Revenue | ||
| External revenue$ | 602,278 | PDF p. 119 |
| Result | ||
| Segment result$ | (24,751) | PDF p. 119 |
| Loss before income tax$ | (24,751) | PDF p. 119 |
Notes
Financial services segment relates to customer referral services; subsidiary disposed 6 February 2025.
Segment information - Continuing operations 2024 (Re-presented) 4 lines
| Item / unit | 2024Property development ($) | 2024Property management ($) | 2024Property investment ($) | 2024Total ($) | Source |
|---|---|---|---|---|---|
| Revenue | |||||
| External revenue$ | 76,226,884 | 54,914 | – | 76,281,798 | PDF p. 120 |
| Result | |||||
| Segment result$ | 17,080,394 | (273,618) | 2,196,278 | 19,003,054 | PDF p. 120 |
| Segment assets | |||||
| Segment assets$ | 10,865,698 | 221,183 | – | 11,086,881 | PDF p. 120 |
| Segment liabilities | |||||
| Segment liabilities$ | 3,697,812 | 14,630 | 3 | 3,712,445 | PDF p. 120 |
Notes
2024 unallocated corporate assets comprise cash and cash equivalents including unutilised proceeds from disposal of subsidiary, and property, plant and equipment. Unallocated/total rows show only Total column value.
Segment information - Discontinued operation 2024 (Re-presented, Financial services) 7 lines
| Item / unit | 2024Discontinued operation (Re-presented) - Financial services ($) | Source |
|---|---|---|
| Revenue | ||
| External revenue$ | 1,516,505 | PDF p. 121 |
| Result | ||
| Segment result$ | (44,819) | PDF p. 121 |
| Loss before income tax$ | (44,819) | PDF p. 121 |
| Segment assets | ||
| Segment assets$ | 1,338,249 | PDF p. 121 |
| Total assets$ | 1,338,249 | PDF p. 121 |
| Segment liabilities | ||
| Segment liabilities$ | 391,412 | PDF p. 121 |
| Total liabilities$ | 391,412 | PDF p. 121 |
Notes
Geographical information: The Group's operations are solely in Singapore. Major customer: $420,000 (2024: $1,176,667) of financial services (discontinued) revenue from the largest customer.
Debt
Borrowings
Note 26(b) Lease liabilities undiscounted maturity, Group 2025
| Item / unit | 2025weighted average effective interest rate % | 2025on demand or within 1 year, $ | 20252 to 5 years, $ | 2025total, $ | Source |
|---|---|---|---|---|---|
| Financial liabilities | |||||
| Lease liabilities% and $ | 2.30 | 3,216 | 11,524 | 14,740 | PDF p. 129 |
Notes
Undiscounted contractual amounts. Non-derivative financial liabilities of $267,508 (2024: $1,814,554) are non-interest bearing and repayable on demand or within 1 year.
Note 26(b) Lease liabilities undiscounted maturity, Company 2025
| Item / unit | 2025weighted average effective interest rate % | 2025on demand or within 1 year, $ | 20252 to 5 years, $ | 2025total, $ | Source |
|---|---|---|---|---|---|
| Financial liabilities | |||||
| Lease liabilities% and $ | 2.30 | 3,216 | 11,524 | 14,740 | PDF p. 130 |
Notes
Undiscounted contractual amounts.
Borrowing notes 3 tables
Note 14(b) Lease liabilities carrying amount and movements
| Item / unit | 2025financial year ended 30 September 2025 | 2024financial year ended 30 September 2024 | Source |
|---|---|---|---|
| Lease liabilities movement | |||
| At beginning of year$ | 20,646 | 81,964 | PDF p. 109 |
| Additions$ | 15,176 | – | PDF p. 109 |
| Accretion of interest$ | 211 | 2,042 | PDF p. 109 |
| Payments$ | (18,469) | (63,360) | PDF p. 109 |
| Disposal$ | (3,855) | – | PDF p. 109 |
| At end of year$ | 13,709 | 20,646 | PDF p. 109 |
| Lease liabilities current/non-current split | |||
| Current$ | 2,657 | 17,875 | PDF p. 109 |
| Non-current$ | 11,052 | 2,771 | PDF p. 109 |
Notes
Leases generally have lease terms between 2 to 5 years; obligations are secured by the lessor’s title to the leased assets.
The maturity analysis of lease liabilities is disclosed in Note 26(b).
Balance sheet lease liabilities (current and non-current)
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current liabilities | |||||
| Lease liabilities$ | 2,657 | 17,875 | 2,657 | 17,875 | PDF p. 77 |
| Non-current liabilities | |||||
| Lease liabilities$ | 11,052 | 2,771 | 11,052 | 2,771 | PDF p. 77 |
Notes
No bank loans or other borrowings appear on the balance sheet at 30 September 2025 or 2024.
Note 14(d) Reconciliation of liabilities arising from financing activities, year ended 30 September 2024
| Item / unit | 20231 October 2023 | 2024cash flows | 2024accretion of interest (non-cash) | 2024lease extension (non-cash) | 202430 September 2024 | Source |
|---|---|---|---|---|---|---|
| Reconciliation FY2024 | ||||||
| Bank loans$ | 16,497,850 | (16,497,850) | – | – | – | PDF p. 110 |
| Lease liabilities$ | 81,964 | (63,360) | 2,042 | – | 20,646 | PDF p. 110 |
Notes
Bank loans were fully repaid in the prior financial year (FY2024), per Note 26 capital management.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 | The Company does not have a fixed dividend policy. Nonetheless, key management personnel will review, inter alia, the Group’s performance in the relevant financial period/year, projected capital needs and working capital requirements and make appropriate recommendations to the Board on dividend declaration. | Company | PDF p. 62 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| No dividend declared or recommended for FY2025 | No dividend has been declared or recommended for FY2025 as the Company has recorded a loss for the financial year and it has deemed it necessary to retain the cash in the Group for its future growth. | Company, FY2025 | PDF p. 62 |
| Final cash dividend for 2025: Nil (2024: 1 cent per share) | 1 cents per share | Group and Company, FY2024 comparative (final cash dividend) | PDF p. 133 |
| Special cash dividend for 2025: Nil (2024: 8.5 cents per share) | 8.5 cents per share | Group and Company, FY2024 comparative (special cash dividend) | PDF p. 133 |
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
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Ernst & Young LLP | Ernst & Young LLP | Group and Company, FY ended 30 September 2025 | PDF p. 76 |
| engagement partner | Koh Jia Linn | Group | PDF p. 76 |
| 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. 73 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Net realisable value assessment of completed property | The carrying value of the Group’s completed property is significant to the audit due to the magnitude of the amount and the determination of its estimated net realisable value involves significant judgment by management | Group | PDF p. 74 |
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.