Aspial Lifestyle 5UF
Financials
Aspial Lifestyle Limited Annual Report 2025
Explore the statements
16 tablesGroup Comprehensive Income
24 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Comprehensive Income | |||
| RevenueSGD thousand | 830,083 | 587,559 | PDF p. 52 |
| Material costsSGD thousand | (527,967) | (372,390) | PDF p. 52 |
| Employee benefits expensesSGD thousand | (81,063) | (64,627) | PDF p. 52 |
| Depreciation and amortisationSGD thousand | (38,213) | (35,040) | PDF p. 52 |
| Finance costsSGD thousand | (32,656) | (34,519) | PDF p. 52 |
| Other operating expensesSGD thousand | (69,108) | (46,100) | PDF p. 52 |
| Interest incomeSGD thousand | 134 | 232 | PDF p. 52 |
| Rental incomeSGD thousand | 3,237 | 3,430 | PDF p. 52 |
| Other incomeSGD thousand | 18,053 | 6,587 | PDF p. 52 |
| Share of results of associateSGD thousand | 7 | 98 | PDF p. 52 |
| Profit before taxSGD thousand | 102,507 | 45,230 | PDF p. 52 |
| Income tax expenseSGD thousand | (18,145) | (10,427) | PDF p. 52 |
| Profit for the yearSGD thousand | 84,362 | 34,803 | PDF p. 52 |
| Net fair value changes on equity securities at FVOCISGD thousand | (113) | 826 | PDF p. 52 |
| Net loss / gain on cash flow hedgeSGD thousand | (2,735) | 370 | PDF p. 52 |
| Foreign currency translationSGD thousand | 2,550 | (334) | PDF p. 52 |
| Other comprehensive income net of taxSGD thousand | (298) | 862 | PDF p. 52 |
| Total comprehensive incomeSGD thousand | 84,064 | 35,665 | PDF p. 52 |
| Profit attributable to ownersSGD thousand | 80,717 | 34,326 | PDF p. 52 |
| Profit attributable to non-controlling interestsSGD thousand | 3,645 | 477 | PDF p. 52 |
| Total profit attributableSGD thousand | 84,362 | 34,803 | PDF p. 52 |
| Comprehensive income attributable to ownersSGD thousand | 79,899 | 35,369 | PDF p. 52 |
| Comprehensive income attributable to non-controlling interestsSGD thousand | 4,165 | 296 | PDF p. 52 |
| Total comprehensive income attributableSGD thousand | 84,064 | 35,665 | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
Group Earnings per Share
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Earnings per Share | |||
| Basic and diluted earnings per shareSingapore cents per share | 4.35 | 2.24 | PDF p. 52 |
Definitions & sources
Original report: PDF p. 52 ↗
Group and Company Financial Position
47 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Group and Company Financial Position | |||||
| Property plant and equipmentSGD thousand | 159,473 | 135,524 | 1 | 8 | PDF p. 53 |
| Investment propertySGD thousand | 411 | – | – | – | PDF p. 53 |
| Right-of-use assetsSGD thousand | 81,368 | 95,598 | – | – | PDF p. 53 |
| Intangible assetsSGD thousand | 24,805 | 27,278 | – | – | PDF p. 53 |
| Non-current other receivablesSGD thousand | 3,655 | 4,166 | – | – | PDF p. 53 |
| Investment in subsidiariesSGD thousand | – | – | 179,729 | 180,715 | PDF p. 53 |
| Investment in associateSGD thousand | 637 | 84 | – | – | PDF p. 53 |
| Investment securitiesSGD thousand | 1,302 | 1,415 | 1,302 | – | PDF p. 53 |
| Deferred tax assetsSGD thousand | 2,098 | 898 | 5 | – | PDF p. 53 |
| Total non-current assetsSGD thousand | 273,749 | 264,963 | 181,037 | 180,723 | PDF p. 53 |
| InventoriesSGD thousand | 245,536 | 218,312 | – | – | PDF p. 53 |
| Trade and other receivablesSGD thousand | 989,225 | 692,000 | 9 | – | PDF p. 53 |
| PrepaymentsSGD thousand | 2,837 | 2,431 | 33 | 38 | PDF p. 53 |
| Due from subsidiaries non-tradeSGD thousand | – | – | 214,282 | 179,997 | PDF p. 53 |
| Due from related companies non-tradeSGD thousand | 1,435 | 87 | – | – | PDF p. 53 |
| Derivative financial instruments assetsSGD thousand | – | 14,914 | – | – | PDF p. 53 |
| Cash and bank balancesSGD thousand | 86,475 | 42,742 | 8,119 | 5,449 | PDF p. 53 |
| Current assets excluding asset held for saleSGD thousand | 1,325,508 | 970,486 | 222,443 | 185,484 | PDF p. 53 |
| Asset held for saleSGD thousand | – | 4,950 | – | – | PDF p. 53 |
| Total current assetsSGD thousand | 1,325,508 | 975,436 | 222,443 | 185,484 | PDF p. 53 |
| Total assetsSGD thousand | 1,599,257 | 1,240,399 | 403,480 | 366,207 | PDF p. 53 |
| Trade and other payables currentSGD thousand | 390,967 | 218,119 | 2,188 | 2,239 | PDF p. 53 |
| Due to immediate holding company non-tradeSGD thousand | 4,440 | 8,308 | 56 | 3,948 | PDF p. 53 |
| Due to related companies non-tradeSGD thousand | 1,143 | 1,264 | – | – | PDF p. 53 |
| Derivative financial instruments liabilitiesSGD thousand | 12,460 | 15,869 | 122 | – | PDF p. 53 |
| Provision for taxationSGD thousand | 18,241 | 8,828 | – | 2 | PDF p. 53 |
| Interest-bearing loans currentSGD thousand | 530,835 | 468,388 | – | – | PDF p. 53 |
| Medium-Term Notes currentSGD thousand | – | 21,000 | – | 21,000 | PDF p. 53 |
| Lease liabilities currentSGD thousand | 24,076 | 25,140 | – | – | PDF p. 53 |
| Total current liabilitiesSGD thousand | 982,162 | 766,916 | 2,366 | 27,189 | PDF p. 53 |
| Net current assetsSGD thousand | 343,346 | 208,520 | 220,077 | 158,295 | PDF p. 53 |
| Other payables non-currentSGD thousand | 313 | 470 | – | – | PDF p. 53 |
| Interest-bearing loans non-currentSGD thousand | 107,212 | 72,411 | – | – | PDF p. 53 |
| Medium-Term Notes non-currentSGD thousand | 126,469 | 69,350 | 126,469 | 69,350 | PDF p. 53 |
| Deferred tax liabilitiesSGD thousand | 4,728 | 4,339 | – | 1 | PDF p. 53 |
| Lease liabilities non-currentSGD thousand | 62,059 | 74,633 | – | – | PDF p. 53 |
| Total non-current liabilitiesSGD thousand | 300,781 | 221,203 | 126,469 | 69,351 | PDF p. 53 |
| Total liabilitiesSGD thousand | 1,282,943 | 988,119 | 128,835 | 96,540 | PDF p. 53 |
| Net assetsSGD thousand | 316,314 | 252,280 | 274,645 | 269,667 | PDF p. 53 |
| Share capitalSGD thousand | 251,736 | 251,736 | 251,736 | 251,736 | PDF p. 53 |
| Treasury sharesSGD thousand | (957) | (19) | (957) | (19) | PDF p. 53 |
| Other reservesSGD thousand | (61,247) | (56,598) | 106 | (28) | PDF p. 53 |
| Revenue reserveSGD thousand | 111,491 | 45,243 | 23,760 | 17,978 | PDF p. 53 |
| Equity attributable to ownersSGD thousand | 301,023 | 240,362 | 274,645 | 269,667 | PDF p. 53 |
| Non-controlling interestsSGD thousand | 15,291 | 11,918 | – | – | PDF p. 53 |
| Total equitySGD thousand | 316,314 | 252,280 | 274,645 | 269,667 | PDF p. 53 |
| Total equity and liabilitiesSGD thousand | 1,599,257 | 1,240,399 | 403,480 | 366,207 | PDF p. 53 |
Definitions & sources
Original report: PDF p. 53 ↗
Group Changes in Equity 2024
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare capital | 2024GroupTreasury shares | 2024GroupOther reserves | 2024GroupRevenue reserve | 2024GroupEquity attributable to owners | 2024GroupNon-controlling interests | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group Changes in Equity 2024 | ||||||||
| Opening balance at 1 January 2024SGD thousand | 198,486 | (19) | (56,315) | 23,732 | 165,884 | 5,171 | 171,055 | PDF p. 54 |
| Profit for the yearSGD thousand | – | – | – | 34,326 | 34,326 | 477 | 34,803 | PDF p. 54 |
| Foreign currency translationSGD thousand | – | – | (153) | – | (153) | (181) | (334) | PDF p. 54 |
| Net fair value changes on equity securities at FVOCISGD thousand | – | – | 826 | – | 826 | – | 826 | PDF p. 54 |
| Net gain on cash flow hedgeSGD thousand | – | – | 370 | – | 370 | – | 370 | PDF p. 54 |
| Other comprehensive income net of taxSGD thousand | – | – | 1,043 | – | 1,043 | (181) | 862 | PDF p. 54 |
| Total comprehensive incomeSGD thousand | – | – | 1,043 | 34,326 | 35,369 | 296 | 35,665 | PDF p. 54 |
| Ordinary dividends cashSGD thousand | – | – | – | (12,815) | (12,815) | – | (12,815) | PDF p. 54 |
| Dividends paid to non-controlling interestsSGD thousand | – | – | – | – | – | (202) | (202) | PDF p. 54 |
| Ordinary shares issued under rights issueSGD thousand | 35,637 | – | – | – | 35,637 | – | 35,637 | PDF p. 54 |
| Share issuance expensesSGD thousand | (106) | – | – | – | (106) | – | (106) | PDF p. 54 |
| Issuance of ordinary sharesSGD thousand | 17,719 | – | – | – | 17,719 | – | 17,719 | PDF p. 54 |
| Capital contribution from non-controlling interestSGD thousand | – | – | – | – | – | 480 | 480 | PDF p. 54 |
| Acquisition of subsidiariesSGD thousand | – | – | (1,326) | – | (1,326) | 5,303 | 3,977 | PDF p. 54 |
| AdjustmentSGD thousand | – | – | – | – | – | 870 | 870 | PDF p. 54 |
| Total contributions by and distributions to ownersSGD thousand | 53,250 | – | (1,326) | (12,815) | 39,109 | 6,451 | 45,560 | PDF p. 54 |
| Closing balance at 31 December 2024SGD thousand | 251,736 | (19) | (56,598) | 45,243 | 240,362 | 11,918 | 252,280 | PDF p. 54 |
Definitions & sources
Original report: PDF p. 54 ↗
Group Changes in Equity 2025
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupTreasury shares | 2025GroupOther reserves | 2025GroupRevenue reserve | 2025GroupEquity attributable to owners | 2025GroupNon-controlling interests | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group Changes in Equity 2025 | ||||||||
| Opening balance at 1 January 2025SGD thousand | 251,736 | (19) | (56,598) | 45,243 | 240,362 | 11,918 | 252,280 | PDF p. 55 |
| Profit for the yearSGD thousand | – | – | – | 80,717 | 80,717 | 3,645 | 84,362 | PDF p. 55 |
| Foreign currency translationSGD thousand | – | – | 2,030 | – | 2,030 | 520 | 2,550 | PDF p. 55 |
| Net fair value changes on equity securities at FVOCISGD thousand | – | – | (113) | – | (113) | – | (113) | PDF p. 55 |
| Net loss on cash flow hedgeSGD thousand | – | – | (2,735) | – | (2,735) | – | (2,735) | PDF p. 55 |
| Other comprehensive income net of taxSGD thousand | – | – | (818) | – | (818) | 520 | (298) | PDF p. 55 |
| Total comprehensive incomeSGD thousand | – | – | (818) | 80,717 | 79,899 | 4,165 | 84,064 | PDF p. 55 |
| Ordinary dividends cashSGD thousand | – | – | – | (14,469) | (14,469) | – | (14,469) | PDF p. 55 |
| Dividends paid to non-controlling interestsSGD thousand | – | – | – | – | – | (1,323) | (1,323) | PDF p. 55 |
| Share-based compensation expenseSGD thousand | – | – | 104 | – | 104 | – | 104 | PDF p. 55 |
| Purchase of treasury sharesSGD thousand | – | (1,025) | – | – | (1,025) | – | (1,025) | PDF p. 55 |
| Treasury shares reissued under Performance Share PlanSGD thousand | – | 87 | (87) | – | – | – | – | PDF p. 55 |
| Adjustment on finalisation of purchase price allocationSGD thousand | – | – | (1,955) | – | (1,955) | 450 | (1,505) | PDF p. 55 |
| Capital contribution from non-controlling interestSGD thousand | – | – | – | – | – | 1,038 | 1,038 | PDF p. 55 |
| Change in ownership interests without a change in controlSGD thousand | – | – | (1,893) | – | (1,893) | (957) | (2,850) | PDF p. 55 |
| Total contributions by and distributions to ownersSGD thousand | – | (938) | (3,831) | (14,469) | (19,238) | (792) | (20,030) | PDF p. 55 |
| Closing balance at 31 December 2025SGD thousand | 251,736 | (957) | (61,247) | 111,491 | 301,023 | 15,291 | 316,314 | PDF p. 55 |
Definitions & sources
Original report: PDF p. 55 ↗
Company Changes in Equity 2024
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024CompanyShare capital | 2024CompanyTreasury shares | 2024CompanyOther reserves | 2024CompanyRevenue reserve | 2024CompanyTotal equity | Source |
|---|---|---|---|---|---|---|
| Company Changes in Equity 2024 | ||||||
| Opening balance at 1 January 2024SGD thousand | 198,486 | (19) | (28) | 4,801 | 203,240 | PDF p. 56 |
| Profit for the yearSGD thousand | – | – | – | 25,992 | 25,992 | PDF p. 56 |
| Total comprehensive incomeSGD thousand | – | – | – | 25,992 | 25,992 | PDF p. 56 |
| Ordinary dividends cashSGD thousand | – | – | – | (12,815) | (12,815) | PDF p. 56 |
| Ordinary shares issued under rights issueSGD thousand | 35,637 | – | – | – | 35,637 | PDF p. 56 |
| Share issuance expensesSGD thousand | (106) | – | – | – | (106) | PDF p. 56 |
| Issuance of ordinary sharesSGD thousand | 17,719 | – | – | – | 17,719 | PDF p. 56 |
| Total contributions by and distributions to ownersSGD thousand | 53,250 | – | – | (12,815) | 40,435 | PDF p. 56 |
| Closing balance at 31 December 2024SGD thousand | 251,736 | (19) | (28) | 17,978 | 269,667 | PDF p. 56 |
Definitions & sources
Original report: PDF p. 56 ↗
Company Changes in Equity 2025
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CompanyShare capital | 2025CompanyTreasury shares | 2025CompanyOther reserves | 2025CompanyRevenue reserve | 2025CompanyTotal equity | Source |
|---|---|---|---|---|---|---|
| Company Changes in Equity 2025 | ||||||
| Opening balance at 1 January 2025SGD thousand | 251,736 | (19) | (28) | 17,978 | 269,667 | PDF p. 56 |
| Profit for the yearSGD thousand | – | – | – | 20,251 | 20,251 | PDF p. 56 |
| Net fair value changes on equity securities at FVOCISGD thousand | – | – | 117 | – | 117 | PDF p. 56 |
| Total comprehensive incomeSGD thousand | – | – | 117 | 20,251 | 20,368 | PDF p. 56 |
| Ordinary dividends cashSGD thousand | – | – | – | (14,469) | (14,469) | PDF p. 56 |
| Share-based compensation expenseSGD thousand | – | – | 104 | – | 104 | PDF p. 56 |
| Purchase of treasury sharesSGD thousand | – | (1,025) | – | – | (1,025) | PDF p. 56 |
| Treasury shares reissued under Performance Share PlanSGD thousand | – | 87 | (87) | – | – | PDF p. 56 |
| Total contributions by and distributions to ownersSGD thousand | – | (938) | 17 | (14,469) | (15,390) | PDF p. 56 |
| Closing balance at 31 December 2025SGD thousand | 251,736 | (957) | 106 | 23,760 | 274,645 | PDF p. 56 |
Definitions & sources
Original report: PDF p. 56 ↗
Group Cash Flows from Operating Activities
30 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Cash Flows from Operating Activities | |||
| Profit before taxSGD thousand | 102,507 | 45,230 | PDF p. 57 |
| Depreciation of property plant and equipmentSGD thousand | 9,226 | 8,385 | PDF p. 57 |
| Fair value loss on investment propertySGD thousand | 14 | – | PDF p. 57 |
| Depreciation of right-of-use assetsSGD thousand | 26,717 | 24,875 | PDF p. 57 |
| Write-off of inventoriesSGD thousand | 839 | 43 | PDF p. 57 |
| Interest expenseSGD thousand | 32,656 | 34,519 | PDF p. 57 |
| Interest incomeSGD thousand | (134) | (232) | PDF p. 57 |
| Allowance for expected credit losses on interest receivablesSGD thousand | 5,332 | 4,266 | PDF p. 57 |
| Loss on disposal / write-off of property plant and equipmentSGD thousand | 993 | 747 | PDF p. 57 |
| Gain on sale and leaseback of property plant and equipmentSGD thousand | – | (539) | PDF p. 57 |
| Gain on disposal of subsidiariesSGD thousand | (2,045) | – | PDF p. 57 |
| Net fair value change on derivativesSGD thousand | 8,769 | 46 | PDF p. 57 |
| Intangible assets written offSGD thousand | 390 | 351 | PDF p. 57 |
| Amortisation of intangible assetsSGD thousand | 2,270 | 1,780 | PDF p. 57 |
| Unrealised foreign exchange differencesSGD thousand | (9,063) | (1,026) | PDF p. 57 |
| Share of results of associateSGD thousand | (7) | (98) | PDF p. 57 |
| Share-based compensation expenseSGD thousand | 104 | – | PDF p. 57 |
| Gain on termination / modification of leasesSGD thousand | (121) | (189) | PDF p. 57 |
| Loss on disposal of asset held for saleSGD thousand | 200 | – | PDF p. 57 |
| Operating cash flows before changes in working capitalSGD thousand | 178,647 | 118,158 | PDF p. 57 |
| Increase in inventoriesSGD thousand | (26,244) | (20,844) | PDF p. 57 |
| Increase in trade and other receivablesSGD thousand | (291,194) | (215,957) | PDF p. 57 |
| Increase / decrease in prepaymentsSGD thousand | (385) | 209 | PDF p. 57 |
| Increase in trade and other payablesSGD thousand | 169,704 | 108,921 | PDF p. 57 |
| Total changes in working capitalSGD thousand | (148,119) | (127,671) | PDF p. 57 |
| Cash flows from / used in operationsSGD thousand | 30,528 | (9,513) | PDF p. 57 |
| Interest paidSGD thousand | (28,844) | (31,260) | PDF p. 57 |
| Interest receivedSGD thousand | 134 | 15 | PDF p. 57 |
| Income taxes paidSGD thousand | (9,653) | (5,415) | PDF p. 57 |
| Net cash flows used in operating activitiesSGD thousand | (7,835) | (46,173) | PDF p. 57 |
Definitions & sources
Original report: PDF p. 57 ↗
Group Cash Flows from Investing Activities
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Cash Flows from Investing Activities | |||
| Purchase of property plant and equipmentSGD thousand | (33,611) | (10,707) | PDF p. 58 |
| Interest receivedSGD thousand | 125 | 232 | PDF p. 58 |
| Net cash inflow on acquisition of subsidiariesSGD thousand | – | 6,793 | PDF p. 58 |
| Proceeds from disposal of investment propertySGD thousand | 4,750 | – | PDF p. 58 |
| Proceeds from disposal of property plant and equipmentSGD thousand | 18 | 4,843 | PDF p. 58 |
| Purchase of intangible assetsSGD thousand | (1,920) | (2,576) | PDF p. 58 |
| Change in amount due from related company non-tradeSGD thousand | (490) | 697 | PDF p. 58 |
| Net cash flows used in investing activitiesSGD thousand | (31,128) | (718) | PDF p. 58 |
Definitions & sources
Original report: PDF p. 58 ↗
Group Cash Flows from Financing Activities
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Cash Flows from Financing Activities | |||
| Repayment of Medium-Term NotesSGD thousand | (21,000) | – | PDF p. 58 |
| Proceeds from issuance of Medium-Term NotesSGD thousand | 58,500 | 31,000 | PDF p. 58 |
| Medium-Term Notes issuance fee paidSGD thousand | (1,805) | (732) | PDF p. 58 |
| Proceeds of short-term bank borrowingsSGD thousand | 143,317 | 127,162 | PDF p. 58 |
| Repayment of short-term bank borrowingsSGD thousand | (56,250) | (73,645) | PDF p. 58 |
| Proceeds from term loansSGD thousand | 28,705 | 14,906 | PDF p. 58 |
| Repayment of term loansSGD thousand | (20,379) | (19,742) | PDF p. 58 |
| Purchase of treasury sharesSGD thousand | (1,025) | – | PDF p. 58 |
| Decrease in amount due to immediate holding company non-trade netSGD thousand | (2,787) | (485) | PDF p. 58 |
| Decrease in amount due to related companies non-trade netSGD thousand | (342) | (17,171) | PDF p. 58 |
| Proceeds from issuance of shares by subsidiaries to non-controlling interestsSGD thousand | 1,038 | 480 | PDF p. 58 |
| Proceeds from rights issueSGD thousand | – | 35,637 | PDF p. 58 |
| Rights issue expenses paidSGD thousand | – | (106) | PDF p. 58 |
| Dividends paid on ordinary sharesSGD thousand | (14,469) | (12,815) | PDF p. 58 |
| Dividends paid to non-controlling interestSGD thousand | (1,323) | (202) | PDF p. 58 |
| Interest paid on lease liabilitiesSGD thousand | (3,812) | (3,259) | PDF p. 58 |
| Payment of principal portion of lease liabilitiesSGD thousand | (26,124) | (24,101) | PDF p. 58 |
| Acquisition of non-controlling interests in subsidiariesSGD thousand | (325) | – | PDF p. 58 |
| Net cash flows from financing activitiesSGD thousand | 81,919 | 56,927 | PDF p. 58 |
Definitions & sources
Original report: PDF p. 58 ↗
Group Cash and Cash Equivalents Reconciliation
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Cash and Cash Equivalents Reconciliation | |||
| Net increase in cash and cash equivalentsSGD thousand | 42,956 | 10,036 | PDF p. 58 |
| Effect of exchange rate changesSGD thousand | 777 | 65 | PDF p. 58 |
| Cash and cash equivalents at beginning of yearSGD thousand | 42,742 | 32,641 | PDF p. 58 |
| Cash and cash equivalents at end of yearSGD thousand | 86,475 | 42,742 | PDF p. 58 |
Definitions & sources
Original report: PDF p. 58 ↗
Five-year Group Financial Highlights
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Five-year Group Financial Highlights | ||||||
| RevenueSGD thousand | 830,083 | 587,559 | 471,581 | 319,008 | 225,703 | PDF p. 12 |
| Profit before taxSGD thousand | 102,507 | 45,230 | 23,699 | 21,804 | 17,583 | PDF p. 12 |
| Profit after taxSGD thousand | 84,362 | 34,803 | 19,772 | 16,007 | 14,541 | PDF p. 12 |
| Total equitySGD thousand | 316,314 | 252,280 | 171,055 | 160,364 | 150,556 | PDF p. 12 |
| Net asset value attributable to ownersSGD thousand | 301,023 | 240,362 | 165,884 | 159,193 | 149,426 | PDF p. 12 |
| Earnings per share rounded to one decimalSingapore cents per share | 4.4 | 2.2 | 1.4 | 1.4 | 1.4 | PDF p. 12 |
Definitions & sources
Original report: PDF p. 12 ↗
Cash at Banks and on Hand
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Cash at Banks and on Hand | |||||
| Cash at banks and on handSGD thousand | 86,475 | 42,742 | 8,119 | 5,449 | PDF p. 99 |
Definitions & sources
Original report: PDF p. 99 ↗
Interest-bearing Loans and Total Borrowings
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Interest-bearing Loans and Total Borrowings | |||||
| Short-term bank borrowings currentSGD thousand | 522,805 | 434,570 | – | – | PDF p. 101 |
| Term loans currentSGD thousand | 8,030 | 33,818 | – | – | PDF p. 101 |
| Total current interest-bearing loansSGD thousand | 530,835 | 468,388 | – | – | PDF p. 101 |
| Term loans non-currentSGD thousand | 107,212 | 72,411 | – | – | PDF p. 101 |
| Total interest-bearing bank loansSGD thousand | 638,047 | 540,799 | – | – | PDF p. 101 |
| Medium-Term Notes current and non-currentSGD thousand | 126,469 | 90,350 | 126,469 | 90,350 | PDF p. 101 |
| Total loans and borrowingsSGD thousand | 764,516 | 631,149 | 126,469 | 90,350 | PDF p. 101 |
Definitions & sources
Original report: PDF p. 101 ↗
Medium-Term Notes by Series
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Medium-Term Notes by Series | |||||
| Series 003 Notes currentSGD thousand | – | 21,000 | – | 21,000 | PDF p. 103 |
| Total current Medium-Term NotesSGD thousand | – | 21,000 | – | 21,000 | PDF p. 103 |
| Series 004 Tranche 1 Notes non-currentSGD thousand | 33,090 | 69,350 | 33,090 | 69,350 | PDF p. 103 |
| Series 004 Tranche 2 Notes non-currentSGD thousand | 19,818 | – | 19,818 | – | PDF p. 103 |
| Series 005 Notes non-currentSGD thousand | 73,561 | – | 73,561 | – | PDF p. 103 |
| Total non-current Medium-Term NotesSGD thousand | 126,469 | 69,350 | 126,469 | 69,350 | PDF p. 103 |
| Total Medium-Term NotesSGD thousand | 126,469 | 90,350 | 126,469 | 90,350 | PDF p. 103 |
Definitions & sources
Original report: PDF p. 103 ↗
Ordinary Dividends Paid
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Ordinary Dividends Paid | |||
| Prior-year final dividend paidSGD thousand | 7,054 | 5,390 | PDF p. 114 |
| Current-year interim dividend paidSGD thousand | 7,415 | 7,425 | PDF p. 114 |
| Total ordinary dividends paidSGD thousand | 14,469 | 12,815 | PDF p. 114 |
Definitions & sources
Original report: PDF p. 114 ↗
Where the money comes from
Segment information
By business
Business segments 13 lines
| Item / unit | 2025Pawnbroking | 2025Secured lending | 2025Retail | 2025Others | 2025Elimination | 2025Total | 2024Pawnbroking | 2024Secured lending | 2024Retail | 2024Others | 2024Elimination | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Business segments | |||||||||||||
| Revenue$'000 | 92,009 | 11,504 | 726,570 | – | – | 830,083 | 70,485 | 5,997 | 511,077 | – | – | 587,559 | PDF p. 111PDF p. 112 |
| Inter-segment revenue$'000 | 56,640 | – | 10 | – | (56,650) | – | 57,192 | 113 | 12 | – | (57,317) | – | PDF p. 111PDF p. 112 |
| Segment results$'000 | 61,486 | 2,345 | 65,266 | 28,549 | (22,624) | 135,022 | 44,032 | 910 | 27,914 | 34,886 | (28,323) | 79,419 | PDF p. 111PDF p. 112 |
| Share of result of associate$'000 | – | (12) | – | 19 | – | 7 | – | – | (10) | 108 | – | 98 | PDF p. 111PDF p. 112 |
| Interest income$'000 | 4 | 30 | 90 | 6,155 | (6,145) | 134 | 5 | 57 | 398 | 3,830 | (4,058) | 232 | PDF p. 111PDF p. 112 |
| Finance costs$'000 | (19,166) | (936) | (7,166) | (12,953) | 7,565 | (32,656) | (19,743) | (106) | (7,364) | (11,493) | 4,187 | (34,519) | PDF p. 111PDF p. 112 |
| Profit before tax$'000 | 42,324 | 1,427 | 58,190 | 21,770 | (21,204) | 102,507 | 24,294 | 861 | 20,938 | 27,331 | (28,194) | 45,230 | PDF p. 111PDF p. 112 |
| Segment assets$'000 | 738,767 | 381,293 | 397,240 | 460,566 | (379,246) | 1,598,620 | 582,500 | 210,756 | 350,596 | 397,099 | (300,636) | 1,240,315 | PDF p. 111PDF p. 112 |
| Investment in associate$'000 | – | 588 | – | 49 | – | 637 | – | – | – | 84 | – | 84 | PDF p. 111PDF p. 112 |
| Segment liabilities$'000 | 620,126 | 383,663 | 274,205 | 386,549 | (381,600) | 1,282,943 | 494,254 | 212,082 | 256,924 | 325,506 | (300,647) | 988,119 | PDF p. 111PDF p. 112 |
| Capital expenditure$'000 | 2,827 | 3 | 3,905 | 26,961 | – | 33,696 | 3,014 | 1 | 5,714 | 2,070 | – | 10,799 | PDF p. 111PDF p. 112 |
| Depreciation and amortisation$'000 | 10,690 | 187 | 24,150 | 3,294 | (108) | 38,213 | 10,368 | 108 | 21,388 | 3,176 | – | 35,040 | PDF p. 111PDF p. 112 |
| Other significant non-cash expenses/(income)$'000 | 273 | (2,045) | 1,818 | 224 | – | 270 | 65 | 307 | 505 | (464) | – | 413 | PDF p. 111PDF p. 112 |
Notes
Notes column letters A–E omitted from values. Blank cells for Total assets/Total liabilities are printed blank (only Total column printed).
Capital expenditure comprises additions to property, plant and equipment.
Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Transfer prices between segments are based on contractual agreements; transfers eliminated on consolidation.
A: Inter-segment revenues are eliminated on consolidation. B: Profit from inter-segment sales deducted to arrive at profit before tax: 2025 (21,204); 2024 (28,194). C: Inter-segment assets deducted: 2025 (379,246); 2024 (300,636). D: Inter-segment liabilities deducted: 2025 (381,600); 2024 (300,647). E: Other non-cash expenses 2025/2024: loss on disposal/write-off of PPE 993/747; fair value loss on investment property 14/–; gain on sale and leaseback of PPE –/(539); write-off of inventories 839/43; intangible assets written off 390/351; loss on disposal of asset held for sale 200/–; gain on termination/modification of leases (121)/(189); gain on disposal of subsidiaries (2,045)/–; total 270/413.
'Others' segment includes rental of properties, provision of other support services, share of result of associate and investment holding (including investment properties), mainly intersegment transactions.
Notes column letters A–E omitted from values; see FY2025 table notes for definitions of A–E. Blank cells for Total assets/Total liabilities are printed blank.
By geography
Geographical segments 3 lines
| Item / unit | 2025Revenue | 2024Revenue | 2025Non-current assets | 2024Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical segments | |||||
| Singapore$'000 | 728,539 | 531,804 | 228,344 | 245,884 | PDF p. 114 |
| Others$'000 | 101,544 | 55,755 | 37,713 | 12,516 | PDF p. 114 |
| Total$'000 | 830,083 | 587,559 | 266,057 | 258,400 | PDF p. 114 |
Notes
Revenue and non-current assets information based on the geographical location of customers and assets respectively.
Non-current assets comprise property, plant and equipment, investment properties, right-of-use assets and intangible assets as presented in the consolidated statement of financial position.
Total row has no printed label.
Debt
Borrowings
Note 31(a) Group maturity profile - contractual undiscounted (debt and lease items)
| Item / unit | 20251 year or less | 20251 to 5 years | 2025Over 5 years | 2025Total | Source |
|---|---|---|---|---|---|
| Group 2025 Financial liabilities | |||||
| Interest-bearing loans$'000 | 535,355 | 51,967 | 83,882 | 671,204 | PDF p. 115 |
| Medium-Term Notes$'000 | 7,169 | 139,721 | – | 146,890 | PDF p. 115 |
| Lease liabilities$'000 | 29,673 | 55,532 | 17,088 | 102,293 | PDF p. 115 |
Notes
Based on contractual undiscounted repayment obligations.
Note 31(a) Group maturity profile 2024 - contractual undiscounted (debt and lease items)
| Item / unit | 20241 year or less | 20241 to 5 years | 2024Over 5 years | 2024Total | Source |
|---|---|---|---|---|---|
| Group 2024 Financial liabilities | |||||
| Interest-bearing loans$'000 | 473,820 | 28,330 | 69,959 | 572,109 | PDF p. 115 |
| Medium-Term Notes$'000 | 25,455 | 76,913 | – | 102,368 | PDF p. 115 |
| Lease liabilities$'000 | 28,409 | 66,495 | 20,011 | 114,915 | PDF p. 115 |
Notes
Based on contractual undiscounted repayment obligations.
Note 31(a) Company maturity profile - contractual undiscounted (Medium-Term Notes and guarantees)
| Item / unit | 20251 year or less | 20251 to 5 years | 2025Over 5 years | 2025Total | Source |
|---|---|---|---|---|---|
| Company 2025 Financial liabilities | |||||
| Medium-Term Notes$'000 | 7,169 | 139,721 | – | 146,890 | PDF p. 116 |
| Company 2025 | |||||
| Financial guarantees*$'000 | 477,755 | 37,668 | 63,173 | 578,596 | PDF p. 116 |
Notes
*This shows the contractual expiry by maturity of the Company’s contingent liabilities. The maximum amount of the financial guarantee contracts is allocated to the earliest period in which the guarantee could be called.
2024 Company: Medium-Term Notes 25,455 / 76,913 / – / 102,368; Financial guarantees 422,921 / 12,860 / 50,689 / 486,470 (printed in same table).
Borrowing notes 4 tables
Interest-bearing loans
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Secured borrowings - Current | |||||
| Short-term bank borrowings$'000 | 522,805 | 434,570 | – | – | PDF p. 101 |
| Term loans$'000 | 8,030 | 33,818 | – | – | PDF p. 101 |
| Current subtotal (unlabelled)$'000 | 530,835 | 468,388 | – | – | PDF p. 101 |
| Secured borrowings - Non-current | |||||
| Term loans$'000 | 107,212 | 72,411 | – | – | PDF p. 101 |
| Secured borrowings | |||||
| Secured borrowings total (unlabelled)$'000 | 638,047 | 540,799 | – | – | PDF p. 101 |
| Add: | |||||
| Medium-Term Notes$'000 | 126,469 | 90,350 | 126,469 | 90,350 | PDF p. 101 |
| Total | |||||
| Total loans and borrowings$'000 | 764,516 | 631,149 | 126,469 | 90,350 | PDF p. 101 |
Notes
All bank loans presented under 'Secured borrowings'; Medium-Term Notes (Note 24) added separately and are unsecured per Note 24.
Short-term bank borrowings of $506,805,000 (2024: $417,482,000) secured by fixed and floating charges on all assets of certain subsidiaries and corporate guarantee by the Company; $16,000,000 (2024: $16,000,000) secured by legal mortgage over freehold/leasehold properties and investment properties; $Nil (2024: $1,088,000) secured by legal mortgage over assets held for sale.
Medium-Term Notes - aggregate principal amount outstanding
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current | |||||
| Series 003 Notes$'000 | – | 21,000 | – | 21,000 | PDF p. 103 |
| Non-current | |||||
| Series 004 Tranche 1 Notes$'000 | 33,090 | 69,350 | 33,090 | 69,350 | PDF p. 103 |
| Series 004 Tranche 2 Notes$'000 | 19,818 | – | 19,818 | – | PDF p. 103 |
| Series 005 Notes$'000 | 73,561 | – | 73,561 | – | PDF p. 103 |
| Total | |||||
| Total$'000 | 126,469 | 90,350 | 126,469 | 90,350 | PDF p. 103 |
Notes
Notes are unsecured. Series 003 6.05% redeemed 24 January 2025; Series 004 Tranche 1 and 2 6.25% due 24 September 2027; Series 005 5.10% due 29 October 2029 ($75,000,000 issued). Series 004 Tranche 1 outstanding $53,500,000 after $36,500,000 exchanged.
Covenants: Consolidated Tangible Net Worth not less than $70,000,000 and Consolidated Total Borrowings to Consolidated Total Assets not exceeding 0.70:1.
Note 23(b) Weighted average effective annual interest rates of interest-bearing loans
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Effective interest rate | |||
| Short-term bank borrowings% | 3.93 | 5.19 | PDF p. 102 |
| Term loans% | 3.16 | 4.49 | PDF p. 102 |
Notes
Term loan stated ranges: $110,987,000 (2024: $94,207,000) at 1.0% to 5.7% (2024: 1.0% to 7.6%) secured by mortgage; $3,872,000 (2024: $4,439,000) at 2.4% to 4.9% (2024: 1.0% to 4.9%) secured by charge on receivables and inventories; $210,000 (2024: $5,362,000) at 2.0% to 2.5% (2024: 2.0% to 6.7%) secured by corporate guarantee; $173,000 (2024: $100,000) at 1.5% to 4.5% (2024: 4.5%) unsecured. In 2024 term loans of $2,121,000 at 1.7% to 4.6% secured over assets held for sale. Medium-Term Notes fixed: 6.05% (Series 003), 6.25% (Series 004), 5.10% (Series 005).
Note 25(b) Lease liabilities
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Lease liabilities movement | |||
| As at 31 December$'000 | 86,135 | 99,773 | PDF p. 106 |
| Lease liabilities | |||
| Current portion$'000 | 24,076 | 25,140 | PDF p. 106 |
| Non-current portion$'000 | 62,059 | 74,633 | PDF p. 106 |
Notes
Maturity analysis of lease liabilities is disclosed in Note 31(a).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company currently does not have a fixed dividend policy. | Company | PDF p. 32 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Final exempt (one-tier) dividend in respect of profits for 2024 | 0.38 cents per share | Group and Company, paid during 2025, in respect of FY2024 profits | PDF p. 114 |
| Interim exempt (one-tier) dividend in respect of profits for 2025 | 0.40 cents per share | Group and Company, paid during 2025, in respect of FY2025 profits | PDF p. 114 |
| Dividends proposed but not recognised as a liability | 0.80 cent per share | Company, FY ended 31 December 2025, proposed 25 February 2026 · As at 2026-02-25 | PDF p. 114 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| total dividend paid for FY2025 | $0.0120 per ordinary share, as compared to $0.0078 per ordinary share for FY2024 | FY2025 vs FY2024 | PDF p. 5 |
Extracted from Aspial Lifestyle Limited 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 |
|---|---|---|---|
| Auditor | Ernst & Young LLP | Group | PDF p. 51 |
| Engagement partner | Ho Shyan Yan | Group | PDF p. 51 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern basis of preparation | The financial statements of the Group and Company have been prepared on the basis that it will continue to operate as a going concern. | Group and Company | PDF p. 59 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Allowance for expected credit losses on pawnshop loans and interest receivables on pawnshop loans | Trade receivables, in particular pawnshop loans and interest receivables on pawnshop loans, are significant to the Group. | Group | PDF p. 48 |
| Existence of pledges, cash and inventories | The total amount of pledges, cash and inventories are material to the financial statements, and there is a higher inherent risk of theft and pilferage. | Group | PDF p. 49 |
| Acquisition of subsidiaries | Given the quantitative materiality of this acquisition and the significant management judgement required in the PPA exercise, we considered the accounting for the acquisition of NSK as a key audit matter. | Group | PDF p. 49 |
Extracted from Aspial Lifestyle Limited 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 Aspial Lifestyle Limited Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Amounts are in SGD thousands except earnings per share in Singapore cents. Group and Company statements are separately identified; treasury shares and negative reserves are retained as reported.
The Group reported negative operating cash flows in both years; financing inflows fund increases in inventories and receivables. Cash-flow closing cash agrees with cash and bank balances in financial position. Ordinary and non-controlling-interest dividends are separate.
The FY2025 equity statement includes adjustments on finalisation of purchase price allocation and changes in ownership without a change in control; these are not operating expenses.
Five-year highlights use the original FY2025 to FY2021 comparisons. Highlight EPS is rounded to one decimal cent; audited EPS is shown to two decimals. Net asset value in the highlights excludes non-controlling interests.
Cash of SGD 19.004 million (2024: SGD 17.473 million) is subject to a floating charge for bank borrowings but remains in reported cash and cash equivalents. Borrowings in the debt table exclude lease liabilities.
Ordinary dividends paid in FY2025 total SGD 14.469 million: prior-year final 0.38 cent plus current-year interim 0.40 cent. The additional FY2025 interim dividend of 0.80 cent (SGD 14.810 million), proposed on 25 February 2026, is not recognised as a year-end liability.
The Medium-Term Note values reconcile to the financial position. Series 003 was redeemed in January 2025; Series 004 carries a 6.25% coupon due September 2027; Series 005 carries a 5.10% coupon due October 2029. The report describes the Series 004 remaining aggregate as SGD 53.5 million, including the 20 million tranche.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.