Hafary 5VS

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Financials

Hafary Holdings Limited Annual Report 2025

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46 tables

Group / Company financial position — FY2025 source

35 metrics

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Group / Company financial position — FY2025 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 112,692110,853169270 PDF p. 108
Right-of-use assetsSingapore dollars thousands 132,166136,058–– PDF p. 108
Investment propertiesSingapore dollars thousands 24,51924,836–– PDF p. 108
Intangible assetsSingapore dollars thousands 7,5257,827–– PDF p. 108
Investments in subsidiariesSingapore dollars thousands ––9,2399,239 PDF p. 108
Investment in an associateSingapore dollars thousands 18,70020,265–– PDF p. 108
Investment in a joint ventureSingapore dollars thousands 1,702999–– PDF p. 108
Other financial assetsSingapore dollars thousands 224280187244 PDF p. 108
Total non-current assetsSingapore dollars thousands 297,528301,1189,5959,753 PDF p. 108
Current assets
InventoriesSingapore dollars thousands 124,147116,389–– PDF p. 108
Trade and other receivablesSingapore dollars thousands 59,34665,38937,67136,429 PDF p. 108
Other non-financial assetsSingapore dollars thousands 6,7846,60749 PDF p. 108
Cash and cash equivalentsSingapore dollars thousands 22,03022,5081951 PDF p. 108
Total current assetsSingapore dollars thousands 212,307210,89337,69436,489 PDF p. 108
Total assetsSingapore dollars thousands 509,835512,01147,28946,242 PDF p. 108
Equity
Share capitalSingapore dollars thousands 26,93026,93026,93026,930 PDF p. 108
Retained earningsSingapore dollars thousands 123,486105,4618,8237,696 PDF p. 108
Foreign currency translation reserveSingapore dollars thousands (4,297)(3,123)–– PDF p. 108
Equity, attributable to owners of the
companySingapore dollars thousands 146,119129,26835,75334,626 PDF p. 108
Non-controlling interestsSingapore dollars thousands 6,3576,492–– PDF p. 108
Total equitySingapore dollars thousands 152,476135,76035,75334,626 PDF p. 108
Non-current liabilities
Deferred tax liabilitiesSingapore dollars thousands 1,6971,634–– PDF p. 108
Loans and borrowings, non-currentSingapore dollars thousands 137,622152,055–– PDF p. 108
Lease liabilities, non-currentSingapore dollars thousands 16,59618,095–– PDF p. 108
Total non-current liabilitiesSingapore dollars thousands 155,915171,784–– PDF p. 108
Current liabilities
Income tax payableSingapore dollars thousands 7,9938,339–7 PDF p. 108
ProvisionSingapore dollars thousands 1,0321,070–– PDF p. 108
Trade and other payablesSingapore dollars thousands 59,65657,26311,53611,609 PDF p. 108
Derivative financial liabilitiesSingapore dollars thousands 248–– PDF p. 108
Loans and borrowings, currentSingapore dollars thousands 119,186123,851–– PDF p. 108
Lease liabilities, currentSingapore dollars thousands 3,7294,102–– PDF p. 108
Other non-financial liabilitiesSingapore dollars thousands 9,8469,794–– PDF p. 108
Total current liabilitiesSingapore dollars thousands 201,444204,46711,53611,616 PDF p. 108
Total liabilitiesSingapore dollars thousands 357,359376,25111,53611,616 PDF p. 108
Total equity and liabilitiesSingapore dollars thousands 509,835512,01147,28946,242 PDF p. 108
Definitions & sources

Original report: PDF p. 108 ↗

Group income and comprehensive income — FY2025 source

24 metrics

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Group income and comprehensive income — FY2025 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group income and comprehensive income — FY2025 source
RevenueSingapore dollars thousands 286,991263,136 PDF p. 107
Interest incomeSingapore dollars thousands 121204 PDF p. 107
Other income and gainsSingapore dollars thousands 7,68811,312 PDF p. 107
Changes in inventories of goods held for resaleSingapore dollars thousands 6,719(3,168) PDF p. 107
Purchases and related costsSingapore dollars thousands (175,781)(153,823) PDF p. 107
Employee benefits expensesSingapore dollars thousands (37,444)(36,316) PDF p. 107
Amortisation and depreciation expensesSingapore dollars thousands (13,125)(12,633) PDF p. 107
Impairment lossesSingapore dollars thousands (3,753)(704) PDF p. 107
Other lossesSingapore dollars thousands (378)(680) PDF p. 107
Finance costsSingapore dollars thousands (10,718)(12,176) PDF p. 107
Other expensesSingapore dollars thousands (23,575)(20,558) PDF p. 107
Share of profit from an equity-accounted associateSingapore dollars thousands 1,2851,528 PDF p. 107
Share of profit from an equity-accounted joint ventureSingapore dollars thousands 765787 PDF p. 107
Profit before income taxSingapore dollars thousands 38,79536,909 PDF p. 107
Income tax expenseSingapore dollars thousands (7,744)(8,210) PDF p. 107
Profit, net of taxSingapore dollars thousands 31,05128,699 PDF p. 107
Item that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations, net of taxSingapore dollars thousands (1,273)224 PDF p. 107
Total comprehensive income for the year, net of taxSingapore dollars thousands 29,77828,923 PDF p. 107
Profit attributable to: - Owners of the parent, net of taxSingapore dollars thousands 29,86527,551 PDF p. 107 Label p. 107
- Non-controlling interests, net of taxSingapore dollars thousands 1,1861,148 PDF p. 107
SubtotalSingapore dollars thousands 31,05128,699 PDF p. 107
Total comprehensive income attributable to:
- Owners of the parentSingapore dollars thousands 28,69127,786 PDF p. 107
- Non-controlling interestsSingapore dollars thousands 1,0871,137 PDF p. 107
SubtotalSingapore dollars thousands 29,77828,923 PDF p. 107
Definitions & sources

Original report: PDF p. 107 ↗

Basic / diluted EPS — FY2025 source

1 metrics

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Basic / diluted EPS — FY2025 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Earnings per share
Basic and dilutedSingapore cents per share 6.946.40 PDF p. 107
Definitions & sources

Original report: PDF p. 107 ↗

Group changes in equity — FY2025 source — ending2025

5 metrics

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Group changes in equity — FY2025 source — ending2025 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group — Total equity2025Group — Attributable to parent subtotal2025Group — Share capital2025Group — Retained earnings2025Group — Foreign currency translation reserve2025Group — Non-controlling interests Source
Group changes in equity — FY2025 source
Current year: Opening balance at 1 January 2025Singapore dollars thousands 135,760129,26826,930105,461(3,123)6,492 PDF p. 109 Label p. 109
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 29,77828,691–29,865(1,174)1,087 PDF p. 109 Label p. 109
Dividends paid (Note 14)Singapore dollars thousands (11,840)(11,840)–(11,840)–– PDF p. 109
Dividends paid to non-controlling interests in subsidiariesSingapore dollars thousands (1,222)––––(1,222) PDF p. 109 Label p. 109
Closing balance at 31 December 2025Singapore dollars thousands 152,476146,11926,930123,486(4,297)6,357 PDF p. 109
Definitions & sources

Original report: PDF p. 109 ↗

Group changes in equity — FY2025 source — ending2024

7 metrics

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Group changes in equity — FY2025 source — ending2024 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2024Group — Total equity2024Group — Attributable to parent subtotal2024Group — Share capital2024Group — Retained earnings2024Group — Foreign currency translation reserve2024Group — Non-controlling interests Source
Group changes in equity — FY2025 source
Previous year: Opening balance at 1 January 2024Singapore dollars thousands 125,835118,14826,93094,576(3,358)7,687 PDF p. 109 Label p. 109
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 28,92327,786–27,5512351,137 PDF p. 109 Label p. 109
Dividends paid (Note 14)Singapore dollars thousands (11,840)(11,840)–(11,840)–– PDF p. 109
Dividends paid to non-controlling interests in subsidiariesSingapore dollars thousands (3,013)––––(3,013) PDF p. 109 Label p. 109
Fair value gain on remeasurement of the previously held interests in the investeeSingapore dollars thousands 320––––320 PDF p. 109 Label p. 109
Acquisition of a non-controlling interest without a change in control (Note 19)Singapore dollars thousands (4,465)(4,826)–(4,826)–361 PDF p. 109 Label p. 109
Closing balance at 31 December 2024Singapore dollars thousands 135,760129,26826,930105,461(3,123)6,492 PDF p. 109
Definitions & sources

Original report: PDF p. 109 ↗

Company changes in equity — FY2025 source — ending2025

4 metrics

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Company changes in equity — FY2025 source — ending2025 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Company — Total equity2025Company — Share capital2025Company — Retained earnings Source
Company changes in equity — FY2025 source
Current year: Opening balance at 1 January 2025Singapore dollars thousands 34,62626,9307,696 PDF p. 109 Label p. 109
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 12,967–12,967 PDF p. 109 Label p. 109
Dividends paid (Note 14)Singapore dollars thousands (11,840)–(11,840) PDF p. 109
Closing balance at 31 December 2025Singapore dollars thousands 35,75326,9308,823 PDF p. 109
Definitions & sources

Original report: PDF p. 109 ↗

Company changes in equity — FY2025 source — ending2024

4 metrics

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Company changes in equity — FY2025 source — ending2024 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2024Company — Total equity2024Company — Share capital2024Company — Retained earnings Source
Company changes in equity — FY2025 source
Previous year: Opening balance at 1 January 2024Singapore dollars thousands 28,18326,9301,253 PDF p. 109 Label p. 109
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 18,283–18,283 PDF p. 109 Label p. 109
Dividends paid (Note 14)Singapore dollars thousands (11,840)–(11,840) PDF p. 109
Closing balance at 31 December 2024Singapore dollars thousands 34,62626,9307,696 PDF p. 109
Definitions & sources

Original report: PDF p. 109 ↗

Group cash flows — FY2025 source

28 metrics

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Group cash flows — FY2025 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Cash flows from operating activities
Profit before income taxSingapore dollars thousands 38,79536,909 PDF p. 110
Adjustments for:
Interest expense on borrowingsSingapore dollars thousands 9,93211,337 PDF p. 110
Interest expense on lease liabilitiesSingapore dollars thousands 786839 PDF p. 110
Interest incomeSingapore dollars thousands (121)(204) PDF p. 110
Depreciation of property, plant and equipmentSingapore dollars thousands 10,1299,717 PDF p. 110
Depreciation of right-of-use assetsSingapore dollars thousands 6,3085,757 PDF p. 110
Depreciation of investment propertiesSingapore dollars thousands 437202 PDF p. 110
Amortisation of intangible assetsSingapore dollars thousands 735833 PDF p. 110
Loss on disposal of plant and equipmentSingapore dollars thousands 6151 PDF p. 110
Gain on disposal of investment propertySingapore dollars thousands –(3,759) PDF p. 110
Negative goodwill arising from bargain purchaseSingapore dollars thousands (234)(529) PDF p. 110
Allowance for impairment of intangible assetsSingapore dollars thousands –898 PDF p. 110
Fair value gain on remeasurement of the previously held interests in the investeeSingapore dollars thousands –(446) PDF p. 110
Fair value losses on other financial assets, netSingapore dollars thousands 5694 PDF p. 110
Share of profit from an equity-accounted associateSingapore dollars thousands (1,285)(1,528) PDF p. 110
Share of profit from an equity-accounted joint ventureSingapore dollars thousands (765)(787) PDF p. 110
Net effect of exchange rate changes in consolidating subsidiariesSingapore dollars thousands 392(193) PDF p. 110
Operating cash flows before changes in working capitalSingapore dollars thousands 65,22659,191 PDF p. 110
InventoriesSingapore dollars thousands (6,825)(26,131) PDF p. 110
Trade and other receivablesSingapore dollars thousands 7,439(10,249) PDF p. 110
Other non-financial assetsSingapore dollars thousands (177)624 PDF p. 110
ProvisionSingapore dollars thousands (38)90 PDF p. 110
Trade and other payablesSingapore dollars thousands 3285,888 PDF p. 110
Derivative financial assetsSingapore dollars thousands (46)47 PDF p. 110
Other non-financial liabilitiesSingapore dollars thousands 521,930 PDF p. 110
Net cash flows from operationsSingapore dollars thousands 65,95931,390 PDF p. 110
Income taxes paidSingapore dollars thousands (8,105)(8,808) PDF p. 110
Net cash provided by operating activitiesSingapore dollars thousands 57,85422,582 PDF p. 110
Definitions & sources

Original report: PDF p. 110 ↗

Group cash flows — FY2025 source continuation

24 metrics

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Group cash flows — FY2025 source continuation from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Group cash flows — FY2025 source continuation
Cash flows used in investing activities Purchase of property, plant and equipment (Notes 15 and 26B)Singapore dollars thousands (11,790)(12,106) PDF p. 111 Label p. 111
Purchase of investment property (Note 17)Singapore dollars thousands (120)– PDF p. 111
Proceeds from disposal of plant and equipmentSingapore dollars thousands 46314 PDF p. 111
Proceeds from disposal of an investment propertySingapore dollars thousands –7,866 PDF p. 111
Acquisition of subsidiaries (net of cash acquired) (Note 37)Singapore dollars thousands (124)– PDF p. 111
Net movements in amount due from joint ventureSingapore dollars thousands 61(264) PDF p. 111
Net movements in amount due from other related partiesSingapore dollars thousands (130)290 PDF p. 111
Dividend income from an associate (Note 20)Singapore dollars thousands 1,1711,250 PDF p. 111
Interest income receivedSingapore dollars thousands 121204 PDF p. 111
Acquisition of a non-controlling interest without a change in controlSingapore dollars thousands –(4,465) PDF p. 111
Net cash used in investing activitiesSingapore dollars thousands (10,348)(7,211) PDF p. 111
Cash flows used in financing activities Dividends paid to equity ownersSingapore dollars thousands (11,840)(11,840) PDF p. 111 Label p. 111
Dividends paid to non-controlling interestsSingapore dollars thousands (1,222)(3,013) PDF p. 111
Net movements in amounts due to other related partiesSingapore dollars thousands –(889) PDF p. 111
Lease liabilities – principal portion paidSingapore dollars thousands (5,126)(5,039) PDF p. 111
Increase in trust receipts and bills payableSingapore dollars thousands 5,38527,643 PDF p. 111
Increase in new loans and borrowingsSingapore dollars thousands 8,80227,050 PDF p. 111
Loans and borrowings paidSingapore dollars thousands (33,285)(33,287) PDF p. 111
Interest expense paidSingapore dollars thousands (10,153)(11,327) PDF p. 111
Net cash used in financing activitiesSingapore dollars thousands (47,439)(10,702) PDF p. 111
Net increase in cash and cash equivalentsSingapore dollars thousands 674,669 PDF p. 111
Net effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands (545)(58) PDF p. 111
Cash and cash equivalents, beginning balanceSingapore dollars thousands 21,99317,382 PDF p. 111
Cash and cash equivalents, ending balance (Note 26A)Singapore dollars thousands 21,51521,993 PDF p. 111
Definitions & sources

Original report: PDF p. 111 ↗

Financial Highlights — For the Year

16 metrics

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Financial Highlights — For the Year from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025FY20252024FY20242023FY20232022FY20222021FY2021 Source
For the Year
Revenue - General$'000 142,702137,157139,732109,22582,716 PDF p. 23
Revenue - Project$'000 81,23679,49281,25959,66043,288 PDF p. 23
Revenue - Manufacturing$'000 63,05346,4875,431-- PDF p. 23
Total Revenue$'000 286,991263,136226,422168,885126,004 PDF p. 23
Revenue - General (% of Total Revenue)% 49.752.161.764.765.6 PDF p. 23
Revenue - Project (% of Total Revenue)% 28.330.235.935.334.4 PDF p. 23
Revenue - Manufacturing (% of Total Revenue)% 22.017.72.4-- PDF p. 23
Earnings Before Interest, Income Taxes and Depreciation (EBITDA)$'000 70,87765,39070,22051,54425,651 PDF p. 23
EBITDA Margin (%)% 24.724.931.030.520.4 PDF p. 23
Finance Cost (i.e. Interest Expense)$'000 10,71812,1769,4914,6163,204 PDF p. 23
Profit before Income Tax$'000 38,79536,90948,96937,58315,133 PDF p. 23
Profit before Income Tax Margin (%)% 13.514.021.622.312.0 PDF p. 23
Net Profit$'000 31,05128,69940,09630,63812,312 PDF p. 23
Net Profit Margin (%)% 10.810.917.718.19.8 PDF p. 23
Profit After Income Taxes and Non-Controlling Interest (PATNCI)$'000 29,86527,55139,06629,37211,580 PDF p. 23
PATNCI Margin (%)% 10.410.517.317.49.2 PDF p. 23
Definitions & sources

Original report: PDF p. 23 ↗

Financial Highlights — At Year End

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Financial Highlights — At Year End from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025FY20252024FY20242023FY20232022FY20222021FY2021 Source
At Year End
Non-Current Assets$'000 297,528301,118299,874276,206191,187 PDF p. 23
Current Assets$'000 212,307210,893171,727127,32294,836 PDF p. 23
Total Assets$'000 509,835512,011471,601403,528286,023 PDF p. 23
Non-Current Liabilities$'000 155,915171,784185,600187,285126,368 PDF p. 23
Current Liabilities$'000 201,444204,467160,166120,23182,249 PDF p. 23
Total Liabilities$'000 357,359376,251345,766307,516208,617 PDF p. 23
Total Debt$'000 277,133298,103272,943263,544181,483 PDF p. 23
Cash and Cash Equivalents$'000 22,03022,50817,89711,5046,070 PDF p. 23
Net Debt$'000 255,103275,595255,046252,040175,413 PDF p. 23
Shareholders' Equity$'000 146,119129,268118,14892,57175,475 PDF p. 23
Total Equity$'000 152,476135,760125,83596,01277,406 PDF p. 23
Number of Ordinary Shares ('000)'000 shares 430,550430,550430,550430,550430,550 PDF p. 23
Weighted Average Number of Ordinary Shares ('000) - Basic'000 shares 430,550430,550430,550430,550430,550 PDF p. 23
Weighted Average Number of Ordinary Shares ('000) - Diluted'000 shares 430,550430,550430,550430,550430,550 PDF p. 23
Share Price at Year End (cents)cents 51.030.530.520.017.0 PDF p. 23
Market Capitalisation as at Year End Date$'000 219,581131,318131,31886,11073,194 PDF p. 23
Definitions & sources

Original report: PDF p. 23 ↗

Financial Ratios and Per-Share Data

13 metrics

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Financial Ratios and Per-Share Data from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025FY20252024FY20242023FY20232022FY20222021FY2021 Source
Profitability
Revenue Growth (%)% 9.116.234.134.055.7 PDF p. 24
PATNCI Growth (%)% 8.4-29.533.0153.6120.2 PDF p. 24
Return on Assets (%) (PATNCI / Total Assets)% 5.95.48.37.34.0 PDF p. 24
Return on Equity (%) (PATNCI / Average Shareholders' Equity)% 21.722.337.135.015.8 PDF p. 24
Liquidity
Current Ratio (times)times 1.11.01.11.11.2 PDF p. 24
Cash as Per Share (cents)Singapore cents per share 5.15.24.22.71.4 PDF p. 24
Net Assets Per Share (cents)Singapore cents per share 33.930.027.421.517.5 PDF p. 24
Leverage
Net Debt to Equity Ratio (times) (Net Debt / Shareholders' Equity)times 1.72.12.22.72.3 PDF p. 24
Interest Cover (times) (EBITDA / Finance Cost)times 6.65.47.411.28.0 PDF p. 24
Investors' Ratio
Earnings Per Share (cents) (Basic and Fully Diluted)Singapore cents per share 6.96.49.16.82.7 PDF p. 24
Total Gross Dividend Per Share (cents) (DPS)Singapore cents per share 2.752.752.752.251.50 PDF p. 24
Gross Dividend Yield (%) Based on Year End Share Price% 5.49.09.011.28.8 PDF p. 24
Gross Dividend Payout (%) (Gross Dividend Paid / Profit After Tax Attributable to Shareholders)% 39.643.030.333.055.8 PDF p. 24
Definitions & sources

Original report: PDF p. 24 ↗

The ratio table defines Return on Assets as “PATNCI / Total Assets”; Return on Equity as “PATNCI / Average Shareholders' Equity”; Net Debt to Equity Ratio as “Net Debt / Shareholders' Equity”; Interest Cover as “EBITDA / Finance Cost”; Earnings Per Share as “Basic and Fully Diluted”; Gross Dividend Yield as “Based on Year End Share Price”; and Gross Dividend Payout as “Gross Dividend Paid / Profit After Tax Attributable to Shareholders.” (Physical page 24).

For basic EPS, the weighted average number of equity shares refers to shares in circulation during the reporting year; basic EPS is profit, net of tax attributable to owners of the parent divided by the weighted average ordinary shares outstanding during each reporting year. Diluted EPS is the same as basic EPS because no potential dilutive ordinary shares existed during the respective reporting years. (Physical page 139).

The financial statements disclose dividends paid for 2025 and 2024, Group and Company, in $’000. For FY2024, second interim tax exempt (1-tier) dividends paid of 0.75 cent per share (FY2023: 0.75 cents): 3,229 in each column; second special interim tax exempt (1-tier) dividends paid of 0.75 cent per share (FY2023: 0.75 cents): 3,229 in each column. For FY2025, interim tax exempt (1-tier) dividends paid of 0.75 cent per share (FY2024: 0.75 cents): 3,229 in each column; special interim tax exempt (1-tier) dividends paid of 0.50 cent per share (FY2024: 0.50 cents): 2,153 in each column. Total dividends paid: 11,840 in each column. The current year’s proposed second interim dividend of 0.75 cent per share and second special interim dividend of 0.75 cent per share, total $6,458,000, were approved on 6 February 2026, excluded as a liability, and paid on 25 February 2026. (Physical page 139).

The Chairman and CEO statement says the FY2025 total dividend was 2.75 Singapore cents per ordinary share, including an interim dividend of 0.75 Singapore cents and a special interim dividend of 0.5 Singapore cents declared on 8 August 2025 and paid on 22 August 2025; it also says a second interim dividend of 0.75 Singapore cents and second special interim dividend of 0.75 Singapore cents were declared on 6 February 2026 and distributed on 25 February 2026. (Physical pages 15–16).

Basic / diluted EPS inputs — Note13 FY2025 source

2 metrics

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Basic / diluted EPS inputs — Note13 FY2025 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
EPS numerator / weighted average number of equity shares
Profit, net of tax attributable to owners of the companySingapore dollars thousands 29,86527,551 PDF p. 138
Basicthousand shares 430,550430,550 PDF p. 138
Definitions & sources

Original report: PDF p. 138 ↗

Source share counts are thousands. Diluted EPS equals basic because there were no potential dilutive ordinary shares, Note13 physical139.

Dividends paid — Note14 FY2025 source

5 metrics

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Dividends paid — Note14 FY2025 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group and Company2024Group and Company Source
Dividends paid — Note14 FY2025 source
Second interim tax exempt (1-tier) dividends paid of 0.75 cent per share for FY2024 (FY2023: 0.75 cents)cents per share 3,2293,229 PDF p. 139 Label p. 139
Second special interim tax exempt (1-tier) dividends paid of 0.75 cent per share for FY2024 (FY2023: 0.75 cents)cents per share 3,2293,229 PDF p. 139 Label p. 139
Interim tax exempt (1-tier) dividends paid of 0.75 cent per share for FY2025 (FY2024: 0.75 cents)cents per share 3,2293,229 PDF p. 139 Label p. 139
Special interim tax exempt (1-tier) dividends paid of 0.50 cent per share for FY2025 (FY2024: 0.50 cents)cents per share 2,1532,153 PDF p. 139 Label p. 139
Total dividends paidSingapore dollars thousands 11,84011,840 PDF p. 139
Definitions & sources

Original report: PDF p. 139 ↗

Dividends paid rates — Note14 FY2025 source

4 metrics

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Dividends paid rates — Note14 FY2025 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group and Company; financial year of payment2024Group and Company; financial year of payment Source
Dividends paid — Note14 FY2025 source
Second interim tax exempt (1-tier) dividends paid of 0.75 cent perSingapore cents per share 0.750.75 PDF p. 139
Second special interim tax exempt (1-tier) dividends paid of 0.75 centSingapore cents per share 0.750.75 PDF p. 139
Interim tax exempt (1-tier) dividends paid of 0.75 cent per share forSingapore cents per share 0.750.75 PDF p. 139
Special interim tax exempt (1-tier) dividends paid of 0.50 cent perSingapore cents per share 0.500.50 PDF p. 139
Definitions & sources

Original report: PDF p. 139 ↗

Labels identify the dividend financial year, which may precede the cash-payment year.

Second FY2025 interim / special interim dividend — approved and paid after year end

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Second FY2025 interim / special interim dividend — approved and paid after year end from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group and Company Source
FY2025 dividend approved 6 February 2026 and paid 25 February 2026
a second interim dividend ofSingapore cents per share 0.75 PDF p. 139
a second special interim dividend ofSingapore cents per share 0.75 PDF p. 139
with a total of $6,458,000Singapore dollars 6,458,000 PDF p. 139
Definitions & sources

Original report: PDF p. 139 ↗

Historical approval6February2026, payment25February2026. Not a current pending dividend. Amount6458000 is full SGD, not SGDthousands.

Cash restrictions — Note26 FY2025 source

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Cash restrictions — Note26 FY2025 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Cash restrictions — Note26 FY2025 source
Not restricted in use #Singapore dollars thousands 21,51521,9931951 PDF p. 165 Label p. 165
Cash pledged for bank facilitiesSingapore dollars thousands 515515–– PDF p. 165
Total cash and cash equivalentsSingapore dollars thousands 22,03022,5081951 PDF p. 165
Definitions & sources

Original report: PDF p. 165 ↗

Cash flow cash reconciliation — Note26A FY2025 source

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Cash flow cash reconciliation — Note26A FY2025 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Cash flow cash reconciliation — Note26A FY2025 source
Amount as shown aboveSingapore dollars thousands 22,03022,508 PDF p. 165
Cash pledged for bank facilitiesSingapore dollars thousands (515)(515) PDF p. 165
Cash and cash equivalents for consolidated statement of cash flows purposes at end of the yearSingapore dollars thousands 21,51521,993 PDF p. 165 Label p. 165
Definitions & sources

Original report: PDF p. 165 ↗

Group / Company financial position — FY2023 source

36 metrics

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Group / Company financial position — FY2023 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2023Group2022Group2023Company2022Company Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 115,128104,086371473 PDF p. 103
Right-of-use assetsSingapore dollars thousands 134,168132,140–– PDF p. 103
Investment propertiesSingapore dollars thousands 21,18417,390–– PDF p. 103
Intangible assetsSingapore dollars thousands 8,476––– PDF p. 103
Investments in subsidiariesSingapore dollars thousands ––9,2399,239 PDF p. 103
Investment in an associateSingapore dollars thousands 20,35119,423–– PDF p. 103
Investments in joint venturesSingapore dollars thousands 1932,832–– PDF p. 103
Other financial assetsSingapore dollars thousands 374335338335 PDF p. 103
Total non-current assetsSingapore dollars thousands 299,874276,2069,94810,047 PDF p. 103
Current assets
InventoriesSingapore dollars thousands 90,25856,998–– PDF p. 103
Trade and other receivablesSingapore dollars thousands 56,34153,29630,30935,637 PDF p. 103
Derivative financial assetsSingapore dollars thousands –81–– PDF p. 103
Other non-financial assetsSingapore dollars thousands 7,2315,44323 PDF p. 103
Cash and cash equivalentsSingapore dollars thousands 17,89711,5043930 PDF p. 103
Total current assetsSingapore dollars thousands 171,727127,32230,35035,670 PDF p. 103
Total assetsSingapore dollars thousands 471,601403,52840,29845,717 PDF p. 103
Equity
Share capitalSingapore dollars thousands 26,93026,93026,93026,930 PDF p. 103
Retained earningsSingapore dollars thousands 94,57667,3501,2537,286 PDF p. 103
Foreign currency translation reserveSingapore dollars thousands (3,358)(1,709)–– PDF p. 103
Equity, attributable to owners of
the parentSingapore dollars thousands 118,14892,57128,18334,216 PDF p. 103
Non-controlling interestsSingapore dollars thousands 7,6873,441–– PDF p. 103
Total equitySingapore dollars thousands 125,83596,01228,18334,216 PDF p. 103
Non-current liabilities
Deferred tax liabilitiesSingapore dollars thousands 1,768886–– PDF p. 103
Loans and borrowings, non-currentSingapore dollars thousands 168,199173,016–– PDF p. 103
Lease liabilities, non-currentSingapore dollars thousands 15,63313,383–– PDF p. 103
Total non-current liabilitiesSingapore dollars thousands 185,600187,285–– PDF p. 103
Current liabilities
Income tax payableSingapore dollars thousands 8,8037,17216– PDF p. 103
ProvisionSingapore dollars thousands 9801,119–– PDF p. 103
Trade and other payablesSingapore dollars thousands 53,40726,65412,09911,501 PDF p. 103
Derivative financial liabilitiesSingapore dollars thousands 1––– PDF p. 103
Loans and borrowings, currentSingapore dollars thousands 86,30276,130–– PDF p. 103
Lease liabilities, currentSingapore dollars thousands 2,8091,015–– PDF p. 103
Other non-financial liabilitiesSingapore dollars thousands 7,8648,141–– PDF p. 103
Total current liabilitiesSingapore dollars thousands 160,166120,23112,11511,501 PDF p. 103
Total liabilitiesSingapore dollars thousands 345,766307,51612,11511,501 PDF p. 103
Total equity and liabilitiesSingapore dollars thousands 471,601403,52840,29845,717 PDF p. 103
Definitions & sources

Original report: PDF p. 103 ↗

Group income and comprehensive income — FY2023 source

24 metrics

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Group income and comprehensive income — FY2023 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2023Group2022Group Source
Group income and comprehensive income — FY2023 source
RevenueSingapore dollars thousands 226,422168,885 PDF p. 102
Interest incomeSingapore dollars thousands 180109 PDF p. 102
Other income and gainsSingapore dollars thousands 13,3726,950 PDF p. 102
Changes in inventories of goods held for resaleSingapore dollars thousands (1,478)10,923 PDF p. 102
Purchases and related costsSingapore dollars thousands (120,778)(100,970) PDF p. 102
Employee benefits expenseSingapore dollars thousands (34,030)(24,623) PDF p. 102
Amortisation and depreciation expenseSingapore dollars thousands (11,940)(9,454) PDF p. 102
Impairment lossesSingapore dollars thousands (157)(589) PDF p. 102
Other lossesSingapore dollars thousands (349)– PDF p. 102
Finance costsSingapore dollars thousands (9,491)(4,616) PDF p. 102
Other expensesSingapore dollars thousands (16,282)(13,073) PDF p. 102
Share of profit from an equity-accounted associateSingapore dollars thousands 3,2203,679 PDF p. 102
Share of profit from equity-accounted joint venturesSingapore dollars thousands 280362 PDF p. 102
Profit before income taxSingapore dollars thousands 48,96937,583 PDF p. 102
Income tax expenseSingapore dollars thousands (8,873)(6,945) PDF p. 102
Profit, net of taxSingapore dollars thousands 40,09630,638 PDF p. 102
Item that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations, net of taxSingapore dollars thousands (1,649)(1,642) PDF p. 102 Label p. 102
Total comprehensive income for the yearSingapore dollars thousands 38,44728,996 PDF p. 102
Profit attributable to: - Owners of the parent, net of taxSingapore dollars thousands 39,06629,372 PDF p. 102 Label p. 102
- Non-controlling interests, net of taxSingapore dollars thousands 1,0301,266 PDF p. 102
SubtotalSingapore dollars thousands 40,09630,638 PDF p. 102
Total comprehensive income attributable to:
- Owners of the parentSingapore dollars thousands 37,41727,730 PDF p. 102
- Non-controlling interestsSingapore dollars thousands 1,0301,266 PDF p. 102
SubtotalSingapore dollars thousands 38,44728,996 PDF p. 102
Definitions & sources

Original report: PDF p. 102 ↗

Basic / diluted EPS — FY2023 source

1 metrics

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Basic / diluted EPS — FY2023 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2023Group2022Group Source
Earnings per share
Basic and dilutedSingapore cents per share 9.076.82 PDF p. 102
Definitions & sources

Original report: PDF p. 102 ↗

Group changes in equity — FY2023 source — ending2023

6 metrics

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Group changes in equity — FY2023 source — ending2023 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2023Group — Total equity2023Group — Attributable to parent subtotal2023Group — Share capital2023Group — Retained earnings2023Group — Foreign currency translation reserve2023Group — Non-controlling interests Source
Group changes in equity — FY2023 source
Current year: Opening balance at 1 January 2023Singapore dollars thousands 96,01292,57126,93067,350(1,709)3,441 PDF p. 104 Label p. 104
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 38,44737,417–39,066(1,649)1,030 PDF p. 104 Label p. 104
Dividends paid (Note 14)Singapore dollars thousands (11,840)(11,840)–(11,840)–– PDF p. 104
Dividends paid to non-controlling interests in subsidiariesSingapore dollars thousands (1,141)––––(1,141) PDF p. 104 Label p. 104
Acquisition of subsidiaries (Note 37)Singapore dollars thousands 4,357––––4,357 PDF p. 104
Closing balance at 31 December 2023Singapore dollars thousands 125,835118,14826,93094,576(3,358)7,687 PDF p. 104
Definitions & sources

Original report: PDF p. 104 ↗

Group changes in equity — FY2023 source — ending2022

7 metrics

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Group changes in equity — FY2023 source — ending2022 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2022Group — Total equity2022Group — Attributable to parent subtotal2022Group — Share capital2022Group — Retained earnings2022Group — Foreign currency translation reserve2022Group — Non-controlling interests Source
Group changes in equity — FY2023 source
Previous year: Opening balance at 1 January 2022Singapore dollars thousands 77,40675,47526,93048,612(67)1,931 PDF p. 104 Label p. 104
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 28,99627,730–29,372(1,642)1,266 PDF p. 104 Label p. 104
Dividends paid (Note 14)Singapore dollars thousands (6,458)(6,458)–(6,458)–– PDF p. 104
Dividends paid to non-controlling interests in subsidiariesSingapore dollars thousands (942)––––(942) PDF p. 104 Label p. 104
Capital contribution by non-controlling interestSingapore dollars thousands 30––––30 PDF p. 104 Label p. 104
Acquisition of a non-controlling interest without a change in control (Note 19)Singapore dollars thousands (3,020)(4,176)–(4,176)–1,156 PDF p. 104 Label p. 104
Closing balance at 31 December 2022Singapore dollars thousands 96,01292,57126,93067,350(1,709)3,441 PDF p. 104
Definitions & sources

Original report: PDF p. 104 ↗

Company changes in equity — FY2023 source — ending2023

4 metrics

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Company changes in equity — FY2023 source — ending2023 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2023Company — Total equity2023Company — Share capital2023Company — Retained earnings Source
Company changes in equity — FY2023 source
Current year: Opening balance at 1 January 2023Singapore dollars thousands 34,21626,9307,286 PDF p. 104 Label p. 104
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 5,807–5,807 PDF p. 104 Label p. 104
Dividends paid (Note 14)Singapore dollars thousands (11,840)–(11,840) PDF p. 104
Closing balance at 31 December 2023Singapore dollars thousands 28,18326,9301,253 PDF p. 104
Definitions & sources

Original report: PDF p. 104 ↗

Company changes in equity — FY2023 source — ending2022

4 metrics

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Company changes in equity — FY2023 source — ending2022 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2022Company — Total equity2022Company — Share capital2022Company — Retained earnings Source
Company changes in equity — FY2023 source
Previous year: Opening balance at 1 January 2022Singapore dollars thousands 30,46126,9303,531 PDF p. 104 Label p. 104
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 10,213–10,213 PDF p. 104 Label p. 104
Dividends paid (Note 14)Singapore dollars thousands (6,458)–(6,458) PDF p. 104
Closing balance at 31 December 2022Singapore dollars thousands 34,21626,9307,286 PDF p. 104
Definitions & sources

Original report: PDF p. 104 ↗

Group cash flows — FY2023 source

26 metrics

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Group cash flows — FY2023 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2023Group2022Group Source
Cash flows from operating activities
Profit before taxSingapore dollars thousands 48,96937,583 PDF p. 105
Adjustments for:
Interest expense on borrowingsSingapore dollars thousands 8,9914,195 PDF p. 105
Interest expense on lease liabilitiesSingapore dollars thousands 500421 PDF p. 105
Interest incomeSingapore dollars thousands (180)(109) PDF p. 105
Depreciation of property, plant and equipmentSingapore dollars thousands 7,9696,638 PDF p. 105
Depreciation of right-of-use assetsSingapore dollars thousands 3,0232,517 PDF p. 105
Depreciation of investment propertiesSingapore dollars thousands 299299 PDF p. 105
Amortisation of intangible assetsSingapore dollars thousands 649– PDF p. 105
Gain on disposal of plant and equipmentSingapore dollars thousands (1)(163) PDF p. 105
Gain on disposal of quoted securitiesSingapore dollars thousands –(91) PDF p. 105
Gain on disposal of joint ventureSingapore dollars thousands (7,507)– PDF p. 105
Fair value gains on other financial assets, netSingapore dollars thousands (3)(124) PDF p. 105
Share of profit from an equity-accounted associateSingapore dollars thousands (3,220)(3,679) PDF p. 105
Share of profit from equity-accounted joint venturesSingapore dollars thousands (280)(362) PDF p. 105
Net effect of exchange rate changes in consolidating subsidiariesSingapore dollars thousands 72452 PDF p. 105
Operating cash flows before changes in working capitalSingapore dollars thousands 59,93347,177 PDF p. 105
InventoriesSingapore dollars thousands (26,321)(10,749) PDF p. 105
Trade and other receivablesSingapore dollars thousands 5,034(19,623) PDF p. 105
Other non-financial assetsSingapore dollars thousands (59)1,083 PDF p. 105
ProvisionSingapore dollars thousands (139)195 PDF p. 105
Trade and other payablesSingapore dollars thousands 21,8949,026 PDF p. 105
Derivative financial assets / (liabilities)Singapore dollars thousands 82(145) PDF p. 105
Other non-financial liabilitiesSingapore dollars thousands (2,055)3,304 PDF p. 105
Net cash flows from operationsSingapore dollars thousands 58,36930,268 PDF p. 105
Income taxes paidSingapore dollars thousands (7,951)(2,528) PDF p. 105
Net cash flows from operating activitiesSingapore dollars thousands 50,41827,740 PDF p. 105
Definitions & sources

Original report: PDF p. 105 ↗

Group cash flows — FY2023 source continuation

30 metrics

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Group cash flows — FY2023 source continuation from Hafary Holdings Limited Annual Report 2025
Metric / unit 2023Group2022Group Source
Cash flows from investing activities
Purchase of property, plant and equipment (Notes 15 and 26B)Singapore dollars thousands (18,949)(19,320) PDF p. 106
Purchase of investment property (Note 17)Singapore dollars thousands (4,093)(9,550) PDF p. 106
Upfront payment for right-of-use assets (Notes 16 and 26B)Singapore dollars thousands –(61,095) PDF p. 106
Proceeds from disposal of plant and equipmentSingapore dollars thousands 1299 PDF p. 106
Acquisition of subsidiaries (net of cash acquired) (Note 37)Singapore dollars thousands 619– PDF p. 106
Net movements in amount due from an associateSingapore dollars thousands –1,381 PDF p. 106
Net movements in amount due from joint venturesSingapore dollars thousands 14625 PDF p. 106
Net movements in amount due from other related partiesSingapore dollars thousands (2,462)– PDF p. 106
Proceeds from disposal of quoted securitiesSingapore dollars thousands –220 PDF p. 106
Dividend income from an associateSingapore dollars thousands 1,3121,059 PDF p. 106
Dividend income from joint venturesSingapore dollars thousands –137 PDF p. 106
Interest income receivedSingapore dollars thousands 8579 PDF p. 106
Net cash flows used in investing activitiesSingapore dollars thousands (23,473)(86,165) PDF p. 106
Cash flows from financing activities
Cash restricted in useSingapore dollars thousands –(515) PDF p. 106
Dividends paid to equity ownersSingapore dollars thousands (11,840)(6,458) PDF p. 106
Dividends paid to non-controlling interestsSingapore dollars thousands (1,141)(942) PDF p. 106
Net movements in amounts due to other related partiesSingapore dollars thousands –288 PDF p. 106
Net movements in amounts due to a director cum a shareholderSingapore dollars thousands –(519) PDF p. 106
Net movements in amounts due to a shareholderSingapore dollars thousands –(1,108) PDF p. 106
Lease liabilities – principal portion paidSingapore dollars thousands (1,595)(1,596) PDF p. 106
(Decrease) Increase in trust receipts and bills payableSingapore dollars thousands (5,057)7,277 PDF p. 106
Increase in new loans and borrowingsSingapore dollars thousands 33,70583,876 PDF p. 106
Loans and borrowings paidSingapore dollars thousands (25,034)(10,073) PDF p. 106
Interest expense paidSingapore dollars thousands (9,520)(3,846) PDF p. 106
Acquisition of a non-controlling interest without a change in controlSingapore dollars thousands –(3,020) PDF p. 106
Net cash flows (used in) from financing activitiesSingapore dollars thousands (20,482)63,364 PDF p. 106
Net increase in cash and cash equivalentsSingapore dollars thousands 6,4634,939 PDF p. 106
Net effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands (70)(20) PDF p. 106
Cash and cash equivalents, beginning balanceSingapore dollars thousands 10,9896,070 PDF p. 106
Cash and cash equivalents, ending balance (Note 26A)Singapore dollars thousands 17,38210,989 PDF p. 106
Definitions & sources

Original report: PDF p. 106 ↗

Group / Company financial position — FY2022 source

35 metrics

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Group / Company financial position — FY2022 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2022Group2021Group2022Company2021Company Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 104,08694,612473173 PDF p. 91
Right-of-use assetsSingapore dollars thousands 132,14071,751–– PDF p. 91
Investment propertiesSingapore dollars thousands 17,3904,172–– PDF p. 91
Investments in subsidiariesSingapore dollars thousands ––9,2399,239 PDF p. 91
Investment in an associateSingapore dollars thousands 19,42317,507–– PDF p. 91
Investments in joint venturesSingapore dollars thousands 2,8322,805–– PDF p. 91
Other financial assetsSingapore dollars thousands 335340335340 PDF p. 91
Total non-current assetsSingapore dollars thousands 276,206191,18710,0479,752 PDF p. 91
Current assets
InventoriesSingapore dollars thousands 56,99846,249–– PDF p. 91
Trade and other receivablesSingapore dollars thousands 53,29635,73335,63731,065 PDF p. 91
Derivative financial assetsSingapore dollars thousands 81––– PDF p. 91
Other non-financial assetsSingapore dollars thousands 5,4436,784385 PDF p. 91
Cash and cash equivalentsSingapore dollars thousands 11,5046,0703020 PDF p. 91
Total current assetsSingapore dollars thousands 127,32294,83635,67031,170 PDF p. 91
Total assetsSingapore dollars thousands 403,528286,02345,71740,922 PDF p. 91
Equity
Share capitalSingapore dollars thousands 26,93026,93026,93026,930 PDF p. 91
Retained earningsSingapore dollars thousands 67,35048,6127,2863,531 PDF p. 91
Foreign currency translation reserveSingapore dollars thousands (1,709)(67)–– PDF p. 91
Equity, attributable to owners of
the parentSingapore dollars thousands 92,57175,47534,21630,461 PDF p. 91
Non-controlling interestsSingapore dollars thousands 3,4411,931–– PDF p. 91
Total equitySingapore dollars thousands 96,01277,40634,21630,461 PDF p. 91
Non-current liabilities
Deferred tax liabilitiesSingapore dollars thousands 886953–– PDF p. 91
Loans and borrowings, non-currentSingapore dollars thousands 173,016112,924–– PDF p. 91
Lease liabilities, non-currentSingapore dollars thousands 13,38312,491–51 PDF p. 91
Total non-current liabilitiesSingapore dollars thousands 187,285126,368–51 PDF p. 91
Current liabilities
Income tax payableSingapore dollars thousands 7,1722,688–– PDF p. 91
ProvisionSingapore dollars thousands 1,119924–– PDF p. 91
Trade and other payablesSingapore dollars thousands 26,65417,66811,50110,360 PDF p. 91
Derivative financial liabilitiesSingapore dollars thousands –64–– PDF p. 91
Loans and borrowings, currentSingapore dollars thousands 76,13055,142–– PDF p. 91
Lease liabilities, currentSingapore dollars thousands 1,015926–50 PDF p. 91
Other non-financial liabilitiesSingapore dollars thousands 8,1414,837–– PDF p. 91
Total current liabilitiesSingapore dollars thousands 120,23182,24911,50110,410 PDF p. 91
Total liabilitiesSingapore dollars thousands 307,516208,61711,50110,461 PDF p. 91
Total equity and liabilitiesSingapore dollars thousands 403,528286,02345,71740,922 PDF p. 91
Definitions & sources

Original report: PDF p. 91 ↗

Group income and comprehensive income — FY2022 source

24 metrics

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Group income and comprehensive income — FY2022 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2022Group2021Group Source
Group income and comprehensive income — FY2022 source
RevenueSingapore dollars thousands 168,885126,004 PDF p. 90
Interest incomeSingapore dollars thousands 109161 PDF p. 90
Other income and gainsSingapore dollars thousands 6,9506,127 PDF p. 90
Changes in inventories of goods held for resaleSingapore dollars thousands 10,9232,485 PDF p. 90
Purchases and related costsSingapore dollars thousands (100,970)(69,944) PDF p. 90
Employee benefits expenseSingapore dollars thousands (24,623)(21,318) PDF p. 90
Amortisation and depreciation expenseSingapore dollars thousands (9,454)(7,475) PDF p. 90
Impairment lossesSingapore dollars thousands (589)(8,498) PDF p. 90
Other lossesSingapore dollars thousands –(194) PDF p. 90
Finance costsSingapore dollars thousands (4,616)(3,204) PDF p. 90
Other expensesSingapore dollars thousands (13,073)(10,573) PDF p. 90
Share of profit from an equity-accounted associateSingapore dollars thousands 3,6791,206 PDF p. 90
Share of profit from equity-accounted joint venturesSingapore dollars thousands 362356 PDF p. 90
Profit before income taxSingapore dollars thousands 37,58315,133 PDF p. 90
Income tax expenseSingapore dollars thousands (6,945)(2,821) PDF p. 90
Profit, net of taxSingapore dollars thousands 30,63812,312 PDF p. 90
Item that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations, net of taxSingapore dollars thousands (1,642)1,134 PDF p. 90
Total comprehensive income for the year, net of taxSingapore dollars thousands 28,99613,446 PDF p. 90
Profit attributable to: - Owners of the parent, net of taxSingapore dollars thousands 29,37211,580 PDF p. 90 Label p. 90
- Non-controlling interests, net of taxSingapore dollars thousands 1,266732 PDF p. 90
SubtotalSingapore dollars thousands 30,63812,312 PDF p. 90
Total comprehensive income attributable to:
- Owners of the parentSingapore dollars thousands 27,73012,714 PDF p. 90
- Non-controlling interestsSingapore dollars thousands 1,266732 PDF p. 90
SubtotalSingapore dollars thousands 28,99613,446 PDF p. 90
Definitions & sources

Original report: PDF p. 90 ↗

Basic / diluted EPS — FY2022 source

1 metrics

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Basic / diluted EPS — FY2022 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2022Group2021Group Source
Earnings per share
Basic and dilutedSingapore cents per share 6.822.69 PDF p. 90
Definitions & sources

Original report: PDF p. 90 ↗

Group changes in equity — FY2022 source — ending2022

7 metrics

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Group changes in equity — FY2022 source — ending2022 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2022Group — Total equity2022Group — Attributable to parent subtotal2022Group — Share capital2022Group — Retained earnings2022Group — Foreign currency translation reserve2022Group — Non-controlling interests Source
Group changes in equity — FY2022 source
Current year: Opening balance at 1 January 2022Singapore dollars thousands 77,40675,47526,93048,612(67)1,931 PDF p. 92 Label p. 92
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 28,99627,730–29,372(1,642)1,266 PDF p. 92 Label p. 92
Dividends paid (Note 14)Singapore dollars thousands (6,458)(6,458)–(6,458)–– PDF p. 92
Dividends paid to non-controlling interests in subsidiariesSingapore dollars thousands (942)––––(942) PDF p. 92 Label p. 92
Capital contribution by non-controlling interestSingapore dollars thousands 30––––30 PDF p. 92
Acquisition of a non-controlling interest without a change in control (Note 18)Singapore dollars thousands (3,020)(4,176)–(4,176)–1,156 PDF p. 92 Label p. 92
Closing balance at 31 December 2022Singapore dollars thousands 96,01292,57126,93067,350(1,709)3,441 PDF p. 92
Definitions & sources

Original report: PDF p. 92 ↗

Group changes in equity — FY2022 source — ending2021

6 metrics

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Group changes in equity — FY2022 source — ending2021 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Group — Total equity2021Group — Attributable to parent subtotal2021Group — Share capital2021Group — Retained earnings2021Group — Foreign currency translation reserve2021Group — Non-controlling interests Source
Group changes in equity — FY2022 source
Previous year: Opening balance at 1 January 2021Singapore dollars thousands 73,46871,30926,93045,580(1,201)2,159 PDF p. 92 Label p. 92
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 13,44612,714–11,5801,134732 PDF p. 92 Label p. 92
Dividends paid (Note 14)Singapore dollars thousands (6,458)(6,458)–(6,458)–– PDF p. 92
Dividends paid to non-controlling interests in subsidiariesSingapore dollars thousands (1,200)––––(1,200) PDF p. 92 Label p. 92
Acquisition of a non-controlling interest without a change in control (Note 18)Singapore dollars thousands (1,850)(2,090)–(2,090)–240 PDF p. 92 Label p. 92
Closing balance at 31 December 2021Singapore dollars thousands 77,40675,47526,93048,612(67)1,931 PDF p. 92
Definitions & sources

Original report: PDF p. 92 ↗

Company changes in equity — FY2022 source — ending2022

4 metrics

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Company changes in equity — FY2022 source — ending2022 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2022Company — Total equity2022Company — Share capital2022Company — Retained earnings Source
Company changes in equity — FY2022 source
Current year: Opening balance at 1 January 2022Singapore dollars thousands 30,46126,9303,531 PDF p. 92 Label p. 92
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 10,213–10,213 PDF p. 92 Label p. 92
Dividends paid (Note 14)Singapore dollars thousands (6,458)–(6,458) PDF p. 92
Closing balance at 31 December 2022Singapore dollars thousands 34,21626,9307,286 PDF p. 92
Definitions & sources

Original report: PDF p. 92 ↗

Company changes in equity — FY2022 source — ending2021

4 metrics

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Company changes in equity — FY2022 source — ending2021 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Company — Total equity2021Company — Share capital2021Company — Retained earnings Source
Company changes in equity — FY2022 source
Previous year: Opening balance at 1 January 2021Singapore dollars thousands 30,38026,9303,450 PDF p. 92 Label p. 92
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 6,539–6,539 PDF p. 92 Label p. 92
Dividends paid (Note 14)Singapore dollars thousands (6,458)–(6,458) PDF p. 92
Closing balance at 31 December 2021Singapore dollars thousands 30,46126,9303,531 PDF p. 92
Definitions & sources

Original report: PDF p. 92 ↗

Group cash flows — FY2022 source

25 metrics

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Group cash flows — FY2022 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2022Group2021Group Source
Cash flows from operating activities
Profit before income taxSingapore dollars thousands 37,58315,133 PDF p. 93
Adjustments for:
Interest expense on borrowingsSingapore dollars thousands 4,1952,818 PDF p. 93
Interest expense on lease liabilitiesSingapore dollars thousands 421386 PDF p. 93
Interest incomeSingapore dollars thousands (109)(161) PDF p. 93
Covid-19 related rent concessions from lessorSingapore dollars thousands –(14) PDF p. 93
Depreciation of property, plant and equipmentSingapore dollars thousands 6,6385,187 PDF p. 93
Depreciation of right-of-use assetsSingapore dollars thousands 2,5172,269 PDF p. 93
Depreciation of investment propertiesSingapore dollars thousands 29919 PDF p. 93
Gain on disposal of plant and equipmentSingapore dollars thousands (163)– PDF p. 93
Gain on disposal of quoted securitiesSingapore dollars thousands (91)– PDF p. 93
Fair value (gains) losses on other financial assets, netSingapore dollars thousands (124)72 PDF p. 93
Share of profit from an equity-accounted associateSingapore dollars thousands (3,679)(1,206) PDF p. 93
Share of profit from equity-accounted joint venturesSingapore dollars thousands (362)(356) PDF p. 93
Net effect of exchange rate changes in consolidating subsidiariesSingapore dollars thousands 5248 PDF p. 93
Operating cash flows before changes in working capitalSingapore dollars thousands 47,17724,195 PDF p. 93
InventoriesSingapore dollars thousands (10,749)4,689 PDF p. 93
Trade and other receivablesSingapore dollars thousands (19,623)(3,561) PDF p. 93
Other non-financial assetsSingapore dollars thousands 1,083(1,412) PDF p. 93
ProvisionSingapore dollars thousands 195199 PDF p. 93
Trade and other payablesSingapore dollars thousands 9,0262,973 PDF p. 93
Derivative financial assets / liabilitiesSingapore dollars thousands (145)73 PDF p. 93
Other non-financial liabilitiesSingapore dollars thousands 3,304(522) PDF p. 93
Net cash flows from operationsSingapore dollars thousands 30,26826,634 PDF p. 93
Income taxes paidSingapore dollars thousands (2,528)(1,129) PDF p. 93
Net cash flows from operating activitiesSingapore dollars thousands 27,74025,505 PDF p. 93
Definitions & sources

Original report: PDF p. 93 ↗

Group cash flows — FY2022 source continuation

29 metrics

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Group cash flows — FY2022 source continuation from Hafary Holdings Limited Annual Report 2025
Metric / unit 2022Group2021Group Source
Group cash flows — FY2022 source continuation
Cash flows used in investing activities Purchase of property, plant and equipment (Notes 15 and 25B)Singapore dollars thousands (19,320)(26,477) PDF p. 94 Label p. 94
Purchase of investment property (Note 17)Singapore dollars thousands (9,550)– PDF p. 94
Upfront payment for right-of-use assets (Notes 16 and 25B)Singapore dollars thousands (61,095)(31,771) PDF p. 94
Proceeds from disposal of plant and equipmentSingapore dollars thousands 29911 PDF p. 94
Deposits paid for property acquisitionSingapore dollars thousands –(878) PDF p. 94
Net movements in amount due from an associateSingapore dollars thousands 1,381(1,406) PDF p. 94
Net movements in amount due from joint venturesSingapore dollars thousands 62531 PDF p. 94
Proceeds from disposal of quoted securitiesSingapore dollars thousands 220– PDF p. 94
Dividend income from an associateSingapore dollars thousands 1,059– PDF p. 94
Dividend income from joint venturesSingapore dollars thousands 137350 PDF p. 94
Interest income receivedSingapore dollars thousands 7967 PDF p. 94
Net cash flows used in investing activitiesSingapore dollars thousands (86,165)(60,073) PDF p. 94
Cash flows from financing activities
Cash restricted in useSingapore dollars thousands (515)– PDF p. 94
Dividends paid to equity ownersSingapore dollars thousands (6,458)(6,458) PDF p. 94
Dividends paid to non-controlling interestsSingapore dollars thousands (942)(1,200) PDF p. 94
Net movements in amounts due to other related partiesSingapore dollars thousands 288– PDF p. 94
Net movements in amounts due to a director cum a shareholderSingapore dollars thousands (519)(1,052) PDF p. 94
Net movements in amounts due to a shareholderSingapore dollars thousands (1,108)(1,110) PDF p. 94
Lease liabilities – principal portion paidSingapore dollars thousands (1,596)(1,385) PDF p. 94
Increase in trust receipts and bills payableSingapore dollars thousands 7,2779,661 PDF p. 94
Increase in new loans and borrowingsSingapore dollars thousands 83,87652,614 PDF p. 94
Loans and borrowings paidSingapore dollars thousands (10,073)(11,062) PDF p. 94
Interest expense paidSingapore dollars thousands (3,846)(2,760) PDF p. 94
Acquisition of a non-controlling interest without a change in controlSingapore dollars thousands (3,020)(1,850) PDF p. 94
Net cash flows from financing activitiesSingapore dollars thousands 63,36435,398 PDF p. 94
Net increase in cash and cash equivalentsSingapore dollars thousands 4,939830 PDF p. 94
Net effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands (20)29 PDF p. 94
Cash and cash equivalents, beginning balanceSingapore dollars thousands 6,0705,211 PDF p. 94
Cash and cash equivalents, ending balance (Note 25A)Singapore dollars thousands 10,9896,070 PDF p. 94
Definitions & sources

Original report: PDF p. 94 ↗

FY2021 income reclassifications — Note37 FY2022 source

3 metrics

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FY2021 income reclassifications — Note37 FY2022 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Group — After reclassifications2021Group — Before reclassifications2021Group — Difference Source
Other Comprehensive Income
RevenueSingapore dollars thousands 126,004130,095(4,091) PDF p. 157
Other income and gainsSingapore dollars thousands 6,1272,0654,062 PDF p. 157
Other lossesSingapore dollars thousands (194)(223)29 PDF p. 157
Definitions & sources

Original report: PDF p. 157 ↗

Group / Company financial position — FY2021 source

35 metrics

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Group / Company financial position — FY2021 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Group2020Group2021Company2020Company Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 94,61272,501173268 PDF p. 72
Right-of-use assetsSingapore dollars thousands 71,75137,863–– PDF p. 72
Investment propertySingapore dollars thousands 4,1724,191–– PDF p. 72
Investments in subsidiariesSingapore dollars thousands ––9,2399,239 PDF p. 72
Investment in an associateSingapore dollars thousands 17,50715,753–– PDF p. 72
Investments in joint venturesSingapore dollars thousands 2,8052,655–– PDF p. 72
Other financial assetsSingapore dollars thousands 340412340412 PDF p. 72
Total non-current assetsSingapore dollars thousands 191,187133,3759,7529,919 PDF p. 72
Current assets
InventoriesSingapore dollars thousands 46,24950,938–– PDF p. 72
Trade and other receivablesSingapore dollars thousands 35,73329,96031,06530,529 PDF p. 72
Derivative financial assetsSingapore dollars thousands –9–– PDF p. 72
Other non-financial assetsSingapore dollars thousands 6,7845,372859 PDF p. 72
Cash and cash equivalentsSingapore dollars thousands 6,0705,2112022 PDF p. 72
Total current assetsSingapore dollars thousands 94,83691,49031,17030,560 PDF p. 72
Total assetsSingapore dollars thousands 286,023224,86540,92240,479 PDF p. 72
Equity
Share capitalSingapore dollars thousands 26,93026,93026,93026,930 PDF p. 72
Retained earningsSingapore dollars thousands 48,61245,5803,5313,450 PDF p. 72
Foreign currency translation reserveSingapore dollars thousands (67)(1,201)–– PDF p. 72
Equity, attributable to owners of the parentSingapore dollars thousands 75,47571,30930,46130,380 PDF p. 72
Non-controlling interestsSingapore dollars thousands 1,9312,159–– PDF p. 72
Total equitySingapore dollars thousands 77,40673,46830,46130,380 PDF p. 72
Non-current liabilities
Deferred tax liabilitiesSingapore dollars thousands 953664–– PDF p. 72
Other financial liabilities, non-currentSingapore dollars thousands 112,92482,256–– PDF p. 72
Lease liabilities, non-currentSingapore dollars thousands 12,4919,35551101 PDF p. 72
Total non-current liabilitiesSingapore dollars thousands 126,36892,27551101 PDF p. 72
Current liabilities
Income tax payableSingapore dollars thousands 2,6881,285–5 PDF p. 72
ProvisionSingapore dollars thousands 924725–– PDF p. 72
Trade and other payablesSingapore dollars thousands 17,66816,27510,3609,943 PDF p. 72
Derivative financial liabilitiesSingapore dollars thousands 64––– PDF p. 72
Other financial liabilities, currentSingapore dollars thousands 55,14234,597–– PDF p. 72
Lease liabilities, currentSingapore dollars thousands 9268815047 PDF p. 72
Other non-financial liabilitiesSingapore dollars thousands 4,8375,359–3 PDF p. 72
Total current liabilitiesSingapore dollars thousands 82,24959,12210,4109,998 PDF p. 72
Total liabilitiesSingapore dollars thousands 208,617151,39710,46110,099 PDF p. 72
Total equity and liabilitiesSingapore dollars thousands 286,023224,86540,92240,479 PDF p. 72
Definitions & sources

Original report: PDF p. 72 ↗

Group income and comprehensive income — FY2021 source

24 metrics

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Group income and comprehensive income — FY2021 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Group2020Group Source
Group income and comprehensive income — FY2021 source
RevenueSingapore dollars thousands 130,09584,315 PDF p. 71
Interest incomeSingapore dollars thousands 161105 PDF p. 71
Other gainsSingapore dollars thousands 2,0653,683 PDF p. 71
Changes in inventories of goods held for resaleSingapore dollars thousands 2,485446 PDF p. 71
Purchases and related costsSingapore dollars thousands (69,944)(44,571) PDF p. 71
Employee benefits expenseSingapore dollars thousands (21,318)(16,163) PDF p. 71
Amortisation and depreciation expenseSingapore dollars thousands (7,475)(7,248) PDF p. 71
Impairment lossesSingapore dollars thousands (8,498)(4,404) PDF p. 71
Other lossesSingapore dollars thousands (223)(575) PDF p. 71
Finance costsSingapore dollars thousands (3,204)(3,261) PDF p. 71
Other expensesSingapore dollars thousands (10,573)(7,910) PDF p. 71
Share of profit from an equity-accounted associateSingapore dollars thousands 1,2061,775 PDF p. 71
Share of profit from equity-accounted joint venturesSingapore dollars thousands 35668 PDF p. 71
Profit before income taxSingapore dollars thousands 15,1336,260 PDF p. 71
Income tax expenseSingapore dollars thousands (2,821)(725) PDF p. 71
Profit, net of taxSingapore dollars thousands 12,3125,535 PDF p. 71
Item that may be reclassified subsequently to profit or loss
Exchange differences on translating foreign operations, net of taxSingapore dollars thousands 1,134315 PDF p. 71
Total comprehensive income for the year, net of taxSingapore dollars thousands 13,4465,850 PDF p. 71
Profit attributable to: – Owners of the parent, net of taxSingapore dollars thousands 11,5805,260 PDF p. 71 Label p. 71
– Non-controlling interests, net of taxSingapore dollars thousands 732275 PDF p. 71
SubtotalSingapore dollars thousands 12,3125,535 PDF p. 71
Total comprehensive income attributable to:
– Owners of the parentSingapore dollars thousands 12,7145,575 PDF p. 71
– Non-controlling interestsSingapore dollars thousands 732275 PDF p. 71
SubtotalSingapore dollars thousands 13,4465,850 PDF p. 71
Definitions & sources

Original report: PDF p. 71 ↗

Basic / diluted EPS — FY2021 source

1 metrics

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Basic / diluted EPS — FY2021 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Group2020Group Source
Earnings per share
Basic and dilutedSingapore cents per share 2.691.22 PDF p. 71
Definitions & sources

Original report: PDF p. 71 ↗

Group changes in equity — FY2021 source — ending2021

6 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity — FY2021 source — ending2021 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Group — Total equity2021Group — Attributable to parent subtotal2021Group — Share capital2021Group — Retained earnings2021Group — Foreign currency translation reserve2021Group — Non-controlling interests Source
Group changes in equity — FY2021 source
Current year: Opening balance at 1 January 2021Singapore dollars thousands 73,46871,30926,93045,580(1,201)2,159 PDF p. 73 Label p. 73
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 13,44612,714–11,5801,134732 PDF p. 73 Label p. 73
Dividends paid (Note 14)Singapore dollars thousands (6,458)(6,458)–(6,458)–– PDF p. 73
Dividends paid to non-controlling interests in subsidiariesSingapore dollars thousands (1,200)––––(1,200) PDF p. 73 Label p. 73
Acquisition of a non-controlling interest without a change in control (Note 18)Singapore dollars thousands (1,850)(2,090)–(2,090)–240 PDF p. 73 Label p. 73
Closing balance at 31 December 2021Singapore dollars thousands 77,40675,47526,93048,612(67)1,931 PDF p. 73
Definitions & sources

Original report: PDF p. 73 ↗

Group changes in equity — FY2021 source — ending2020

5 metrics

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Group changes in equity — FY2021 source — ending2020 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2020Group — Total equity2020Group — Attributable to parent subtotal2020Group — Share capital2020Group — Retained earnings2020Group — Foreign currency translation reserve2020Group — Non-controlling interests Source
Group changes in equity — FY2021 source
Previous year: Opening balance at 1 January 2020Singapore dollars thousands 70,98768,96326,93043,549(1,516)2,024 PDF p. 73 Label p. 73
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 5,8505,575–5,260315275 PDF p. 73 Label p. 73
Dividends paid (Note 14)Singapore dollars thousands (3,229)(3,229)–(3,229)–– PDF p. 73
Dividends paid to non-controlling interests in subsidiariesSingapore dollars thousands (140)––––(140) PDF p. 73 Label p. 73
Closing balance at 31 December 2020Singapore dollars thousands 73,46871,30926,93045,580(1,201)2,159 PDF p. 73
Definitions & sources

Original report: PDF p. 73 ↗

Company changes in equity — FY2021 source — ending2021

4 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity — FY2021 source — ending2021 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Company — Total equity2021Company — Share capital2021Company — Retained earnings Source
Company changes in equity — FY2021 source
Current year: Opening balance at 1 January 2021Singapore dollars thousands 30,38026,9303,450 PDF p. 73 Label p. 73
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 6,539–6,539 PDF p. 73 Label p. 73
Dividends paid (Note 14)Singapore dollars thousands (6,458)–(6,458) PDF p. 73
Closing balance at 31 December 2021Singapore dollars thousands 30,46126,9303,531 PDF p. 73
Definitions & sources

Original report: PDF p. 73 ↗

Company changes in equity — FY2021 source — ending2020

4 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity — FY2021 source — ending2020 from Hafary Holdings Limited Annual Report 2025
Metric / unit 2020Company — Total equity2020Company — Share capital2020Company — Retained earnings Source
Company changes in equity — FY2021 source
Previous year: Opening balance at 1 January 2020Singapore dollars thousands 29,34326,9302,413 PDF p. 73 Label p. 73
Changes in equity: Total comprehensive income for the yearSingapore dollars thousands 4,266–4,266 PDF p. 73 Label p. 73
Dividends paid (Note 14)Singapore dollars thousands (3,229)–(3,229) PDF p. 73
Closing balance at 31 December 2020Singapore dollars thousands 30,38026,9303,450 PDF p. 73
Definitions & sources

Original report: PDF p. 73 ↗

Group cash flows — FY2021 source

35 metrics

Units appear below each metric. Scroll to compare years

Group cash flows — FY2021 source from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Group2020Group Source
Cash flows from operating activities
Profit before income taxSingapore dollars thousands 15,1336,260 PDF p. 74
Adjustments for:
Interest expense on borrowingsSingapore dollars thousands 2,8182,937 PDF p. 74
Interest expense on lease liabilitiesSingapore dollars thousands 386324 PDF p. 74
Interest incomeSingapore dollars thousands (161)(105) PDF p. 74
COVID-19 related rent concessions from lessorsSingapore dollars thousands (14)(74) PDF p. 74
Depreciation of property, plant and equipmentSingapore dollars thousands 5,1874,739 PDF p. 74
Depreciation of right-of-use assetsSingapore dollars thousands 2,2692,490 PDF p. 74
Depreciation of investment propertySingapore dollars thousands 1919 PDF p. 74
Gain on disposal of plant and equipmentSingapore dollars thousands –(1) PDF p. 74
Fair value losses on other financial assets, netSingapore dollars thousands 72110 PDF p. 74
Share of profit from an equity-accounted associateSingapore dollars thousands (1,206)(1,775) PDF p. 74
Share of profit from equity-accounted joint venturesSingapore dollars thousands (356)(68) PDF p. 74
Net effect of exchange rate changes in consolidating subsidiariesSingapore dollars thousands 4823 PDF p. 74
Operating cash flows before changes in working capitalSingapore dollars thousands 24,19514,879 PDF p. 74
InventoriesSingapore dollars thousands 4,6893,240 PDF p. 74
Trade and other receivablesSingapore dollars thousands (3,561)1,871 PDF p. 74
Other non-financial assetsSingapore dollars thousands (1,412)98 PDF p. 74
ProvisionSingapore dollars thousands 19989 PDF p. 74
Trade and other payablesSingapore dollars thousands 2,973(89) PDF p. 74
Derivative financial assets / liabilitiesSingapore dollars thousands 73(32) PDF p. 74
Other non-financial liabilitiesSingapore dollars thousands (522)2,170 PDF p. 74
Net cash flows from operationsSingapore dollars thousands 26,63422,226 PDF p. 74
Income taxes paidSingapore dollars thousands (1,129)(1,115) PDF p. 74
Net cash flows from operating activitiesSingapore dollars thousands 25,50521,111 PDF p. 74
Cash flows from investing activities
Purchase of property, plant and equipment (Notes 15 and 25A)Singapore dollars thousands (26,477)(2,264) PDF p. 74
Upfront payment for right-of-use assets (Notes 16 and 25A)Singapore dollars thousands (31,771)– PDF p. 74
Proceeds from disposal of plant and equipmentSingapore dollars thousands 1125 PDF p. 74
Refund of land premium (Note 15)Singapore dollars thousands –1,846 PDF p. 74
Net movements in amount due from an associateSingapore dollars thousands (1,406)– PDF p. 74
Deposits paid for property acquisitionSingapore dollars thousands (878)– PDF p. 74
Net movements in amount due from joint venturesSingapore dollars thousands 31389 PDF p. 74
Dividend income from an associateSingapore dollars thousands –1,410 PDF p. 74
Dividend income from joint venturesSingapore dollars thousands 35028 PDF p. 74
Interest income receivedSingapore dollars thousands 6722 PDF p. 74
Net cash flows (used in) from investing activitiesSingapore dollars thousands (60,073)1,456 PDF p. 74
Definitions & sources

Original report: PDF p. 74 ↗

Group cash flows — FY2021 source continuation

15 metrics

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Group cash flows — FY2021 source continuation from Hafary Holdings Limited Annual Report 2025
Metric / unit 2021Group2020Group Source
Cash flows from financing activities
Dividends paid to equity ownersSingapore dollars thousands (6,458)(3,229) PDF p. 75
Dividends paid to non-controlling interestsSingapore dollars thousands (1,200)(140) PDF p. 75
Net movements in amounts due to a director cum a shareholderSingapore dollars thousands (1,052)(331) PDF p. 75
Net movements in amounts due to a shareholderSingapore dollars thousands (1,110)(499) PDF p. 75
Lease liabilities – principal portion paidSingapore dollars thousands (1,385)(1,608) PDF p. 75
Increase (decrease) in trust receipts and bills payableSingapore dollars thousands 9,661(5,463) PDF p. 75
Increase from new borrowingsSingapore dollars thousands 52,61410,000 PDF p. 75
Decrease in other financial liabilitiesSingapore dollars thousands (11,062)(20,668) PDF p. 75
Interest expense paidSingapore dollars thousands (2,760)(2,988) PDF p. 75
Acquisition of a non-controlling interest without a change in controlSingapore dollars thousands (1,850)– PDF p. 75
Net cash flows from (used in) financing activitiesSingapore dollars thousands 35,398(24,926) PDF p. 75
Net increase (decrease) in cash and cash equivalentsSingapore dollars thousands 830(2,359) PDF p. 75
Net effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands 2911 PDF p. 75
Cash and cash equivalents, beginning balanceSingapore dollars thousands 5,2117,559 PDF p. 75
Cash and cash equivalents, ending balance (Note 25)Singapore dollars thousands 6,0705,211 PDF p. 75
Definitions & sources

Original report: PDF p. 75 ↗

Where the money comes from

Segment information

By business

Segment profit or loss 2025 (Group, $'000) 10 lines
Segment profit or loss 2025 (Group, $'000)
Item / unit 2025General2025Project2025Manufacturing2025Others2025Unallocated2025Group Source
2025
Total revenue by segment$'000 171,244102,83896,405––370,487 PDF p. 129
Inter-segment sales$'000 (28,542)(21,602)(33,352)––(83,496) PDF p. 129
Total revenue$'000 142,70281,23663,053––286,991 PDF p. 129
Recurring EBITDA$'000 42,72816,281(4,563)5,43147760,354 PDF p. 129
Amortisation and depreciation$'000 (8,134)(1,818)(960)(2,213)–(13,125) PDF p. 129
Finance costs$'000 (4,749)(497)(2,025)(3,447)–(10,718) PDF p. 129
Negative goodwill arising$'000 –––234–234 PDF p. 129
Share of profit from an$'000 –––1,285–1,285 PDF p. 129
Share of profit from an$'000 –––765–765 PDF p. 129
ORBIT$'000 29,84513,966(7,548)2,05547738,795 PDF p. 129
Notes

Income tax expense and Profit, net of tax are printed only in the Group column. Segments: General, Project, Manufacturing, Others. Recurring EBITDA and ORBIT are defined on p126. Rows with wrapped labels: Negative goodwill arising from bargain purchase; Share of profit from an equity-accounted associate; Share of profit from an equity-accounted joint venture.

Segment profit or loss 2024 (Group, $'000) 13 lines
Segment profit or loss 2024 (Group, $'000)
Item / unit 2024General2024Project2024Manufacturing2024Others2024Unallocated2024Group Source
2024
Total revenue by segment$'000 161,16496,95764,253––322,374 PDF p. 130
Inter-segment sales$'000 (24,007)(17,465)(17,766)––(59,238) PDF p. 130
Total revenue$'000 137,15779,49246,487––263,136 PDF p. 130
Recurring EBITDA$'000 37,30821,969(5,022)42888455,567 PDF p. 130
Amortisation and depreciation$'000 (8,408)(1,971)(672)(1,582)–(12,633) PDF p. 130
Finance costs$'000 (6,141)(461)(1,719)(3,855)–(12,176) PDF p. 130
Negative goodwill arising$'000 –––529–529 PDF p. 130
Fair value gain on$'000 –––446–446 PDF p. 130
Allowance for impairment of$'000 –––(898)–(898) PDF p. 130
Gain on disposal of an$'000 –––3,759–3,759 PDF p. 130
Share of profit from an$'000 –––1,528–1,528 PDF p. 130
Share of profit from an$'000 –––787–787 PDF p. 130
ORBIT$'000 22,75919,537(7,413)1,14288436,909 PDF p. 130
Notes

Income tax expense and Profit, net of tax printed only in the Group column. Wrapped labels: Negative goodwill arising from bargain purchase; Fair value gain on remeasurement of the previously held interests in the investee; Allowance for impairment of intangible assets; Gain on disposal of an investment property; Share of profit from an equity-accounted associate / joint venture.

Segment assets and liabilities 2025 ($'000) 2 lines
Segment assets and liabilities 2025 ($'000)
Item / unit 2025General2025Project2025Manufacturing2025Others2025Group Source
2025
Segment assets$'000 297,51761,21998,65352,446509,835 PDF p. 131
Segment liabilities$'000 217,13836,21778,58815,726347,669 PDF p. 131
Notes

Deferred tax liabilities, income tax payable and total liabilities printed only in Group column.

Segment assets and liabilities 2024 ($'000) 2 lines
Segment assets and liabilities 2024 ($'000)
Item / unit 2024General2024Project2024Manufacturing2024Others2024Group Source
2024
Segment assets$'000 302,03557,49398,54653,937512,011 PDF p. 131
Segment liabilities$'000 234,72538,39376,50716,653366,278 PDF p. 131
Notes

Deferred tax liabilities, income tax payable and total liabilities printed only in Group column.

Other material items – impairment and expenditure for non-current assets 2025 ($'000) 2 lines
Other material items – impairment and expenditure for non-current assets 2025 ($'000)
Item / unit 2025General2025Project2025Manufacturing2025Others2025Group Source
Impairment of assets
2025$'000 1,416798243–2,457 PDF p. 131
Expenditure for non-current assets
2025$'000 5,7127205,36413611,932 PDF p. 131
Notes

Row label is the year; section gives the item.

Other material items – impairment and expenditure for non-current assets 2024 ($'000) 2 lines
Other material items – impairment and expenditure for non-current assets 2024 ($'000)
Item / unit 2024General2024Project2024Manufacturing2024Others2024Group Source
Impairment of assets
2024$'000 (927)733–898704 PDF p. 131
Expenditure for non-current assets
2024$'000 5,5091731,9704,87712,529 PDF p. 131
Notes

Row label is the year; section gives the item.

By geography

Geographical information – Revenue and Non-current assets ($'000) 16 lines
Geographical information – Revenue and Non-current assets ($'000)
Item / unit 2025Revenue2024Revenue2025Non-current assets2024Non-current assets Source
Geographical
Singapore$'000 171,389167,049240,284245,511 PDF p. 132
Malaysia$'000 54,53453,87929,96226,745 PDF p. 132
Socialist Republic of Vietnam$'000 19967318,70020,265 PDF p. 132
People’s Republic of China$'000 8,4904,9596,6567,318 PDF p. 132
Republic of the Union of Myanmar$'000 2,0664881,702999 PDF p. 132
United States of America$'000 35,66628,953–– PDF p. 132
Taiwan$'000 3,2213,099–– PDF p. 132
Thailand$'000 8351,231–– PDF p. 132
Australia$'000 356512–– PDF p. 132
Philippines$'000 570470–– PDF p. 132
Republic of Indonesia$'000 7,819368–– PDF p. 132
Japan$'000 309294–– PDF p. 132
Hong Kong$'000 66255–– PDF p. 132
Cambodia$'000 679201–– PDF p. 132
Others$'000 792705–– PDF p. 132
Total$'000 286,991263,136297,304300,838 PDF p. 132
Notes

Total row has no printed label. Revenues are attributed to countries on the basis of the customer’s location, irrespective of the origin of the goods and services. The non-current assets are analysed by the geographical area in which the assets are located. The non-current assets exclude any financial instruments.

4F: There was no customer with sale transactions over 10% of the group’s revenue during the current and previous reporting years.

Debt

Borrowings

Liquidity risk – contractual undiscounted maturity: loans and borrowings and lease liabilities

Liquidity risk – contractual undiscounted maturity: loans and borrowings and lease liabilities — Group
Item / unit 2025Less than 1 year, $’00020251 to 3 years, $’00020253 to 5 years, $’0002025More than 5 years, $’0002025Total, $’0002024Less than 1 year, $’00020241 to 3 years, $’00020243 to 5 years, $’0002024More than 5 years, $’0002024Total, $’000 Source
Gross loans and borrowings$’000 123,68580,02614,08247,832265,625134,61992,21122,06264,228313,120 PDF p. 184
Lease liabilities$’000 4,4094,4813,18715,19527,2724,8405,4973,02616,30729,670 PDF p. 184
Notes

Contractual and undiscounted cash flows at end of reporting year. 2024 comparatives are in the next table. Trade and other payables omitted as not debt.

Comparative 2024 block of the same table.

Borrowing notes 4 tables

Loans and borrowings – non-current

Loans and borrowings – non-current — Group
Item / unit 2025$'0002024$'000 Source
Non-current
Bank loan F (secured) (Note 29C)$’000 5,3946,399 PDF p. 168
Bank loan H (secured) (Note 29E)$’000 30,76233,549 PDF p. 168
Bank loan I (secured) (Note 29F)$’000 3,6454,865 PDF p. 168
Bank loan J (secured) (Note 29F)$’000 3,2834,378 PDF p. 168
Bank loan P (secured) (Note 29H)$’000 10,28910,849 PDF p. 168
Bank loan Q (unsecured) (Note 29G)$’000 –226 PDF p. 168
Bank loan R (secured) (Note 29I)$’000 22,50523,639 PDF p. 168
Bank loan S (secured) (Note 29J)$’000 –588 PDF p. 168
Bank loan T (secured) (Note 29K)$’000 4,8465,376 PDF p. 168
Bank loan U (secured) (Note 29L)$’000 53,10056,100 PDF p. 168
Bank loan Y (unsecured) (Note 29N)$’000 3,7986,086 PDF p. 168
Non-current, total$’000 137,622152,055 PDF p. 168
Notes

Continued on next page (current portion).

Loans and borrowings – current

Loans and borrowings – current — Group
Item / unit 2025$'0002024$'000 Source
Current
Bank loan A (secured) (Note 29A)$’000 7,5008,000 PDF p. 168
Bank loan B (secured) (Note 29A)$’000 8,0008,000 PDF p. 168
Bank loan D (unsecured) (Note 29B)$’000 3,50010,200 PDF p. 168
Bank loan E (unsecured) (Note 29B)$’000 1,5003,500 PDF p. 168
Bank loan F (secured) (Note 29C)$’000 1,0671,066 PDF p. 168
Bank loan G (secured) (Note 29D)$’000 3,7503,750 PDF p. 168
Bank loan H (secured) (Note 29E)$’000 2,6562,345 PDF p. 168
Bank loan I (secured) (Note 29F)$’000 1,2181,216 PDF p. 168
Bank loan J (secured) (Note 29F)$’000 1,0951,095 PDF p. 168
Bank loan L (secured) (Note 29A)$’000 –2,000 PDF p. 168
Bank loan M (unsecured) (Note 29G)$’000 –388 PDF p. 168
Bank loan N (unsecured) (Note 29G)$’000 –430 PDF p. 168
Bank loan O (unsecured) (Note 29G)$’000 –118 PDF p. 168
Bank loan P (secured) (Note 29H)$’000 524472 PDF p. 168
Bank loan Q (unsecured) (Note 29G)$’000 226382 PDF p. 169
Bank loan R (secured) (Note 29I)$’000 1,1351,135 PDF p. 169
Bank loan S (secured) (Note 29J)$’000 585562 PDF p. 169
Bank loan T (secured) (Note 29K)$’000 496439 PDF p. 169
Bank loan U (secured) (Note 29L)$’000 3,0003,000 PDF p. 169
Bank loan V (unsecured) (Note 29M)$’000 9,50012,000 PDF p. 169
Bank loan W (unsecured) (Note 29G)$’000 –480 PDF p. 169
Bank loan X (unsecured) (Note 29B)$’000 1,5831,522 PDF p. 169
Bank loan Y (unsecured) (Note 29N)$’000 2,5322,435 PDF p. 169
Bank loan AA (unsecured) (Note 29O)$’000 –485 PDF p. 169
Bank loan AB (unsecured) (Note 29B)$’000 2,5003,000 PDF p. 169
Bank loan AC (unsecured) (Note 29B)$’000 3,1651,522 PDF p. 169
Bank loan AD (unsecured) (Note 29B)$’000 1,5831,522 PDF p. 169
Bank loan AE (unsecured) (Note 29M)$’000 1,835932 PDF p. 169
Bank loan AF (unsecured) (Note 29M)$’000 5,0002,000 PDF p. 169
Trust receipts and bills payable (Note 29P)$’000 55,23649,855 PDF p. 169
Current, total$’000 119,186123,851 PDF p. 169
Total
Total loans and borrowings$’000 256,808275,906 PDF p. 169
Notes

Current portion spans pages 168 and 169; page 169 repeats header 'Group 2025 2024 $’000 $’000'.

Non-current portion repayable

Non-current portion repayable — Group
Item / unit 2025$'0002024$'000 Source
Maturity profile
Due within two to five years$’000 91,09298,983 PDF p. 169
After five years$’000 46,53053,072 PDF p. 169
Total non-current portion$’000 137,622152,055 PDF p. 169
Notes

Header columns on page: Group 2025 2024 $’000 $’000.

Ranges of interest rates per annum paid

Ranges of interest rates per annum paid — Group
Item / unit 2025% per annum2024% per annum Source
Interest rates
Bank loan M (unsecured)% 2.002.00 PDF p. 170
Bank loan N (unsecured)% 2.002.00 PDF p. 170
Bank loan O (unsecured)% 2.002.00 PDF p. 170
Bank loan Q (unsecured)% 2.002.00 PDF p. 170
Bank loan W (unsecured)% 2.002.00 PDF p. 170
Notes

Page columns: Group 2025 % 2024 %. Loans with a single rate are shown as printed.

Payout

Dividends & distributions

Dividends declared and proposed

ItemValuePeriod / scopeSource
Interim tax exempt (1-tier) dividends paid of 0.75 cent per share for FY2025 (FY2024: 0.75 cents) 0.75 cents per share Group and Company, FY2025 interim dividend (comparative FY2024: 0.75 cents) PDF p. 139
Special interim tax exempt (1-tier) dividends paid of 0.50 cent per share for FY2025 (FY2024: 0.50 cents) 0.50 cents per share Group and Company, FY2025 special interim dividend (comparative FY2024: 0.50 cents) PDF p. 139
second interim dividend of 0.75 cent per share 0.75 cents per share FY2025 second interim dividend, declared after year end PDF p. 139
second special interim dividend of 0.75 cent per share 0.75 cents per share FY2025 second special interim dividend, declared after year end PDF p. 139
Second interim tax exempt (1-tier) dividends paid of 0.75 cent per share for FY2024 (FY2023: 0.75 cents) 0.75 cents per share Group and Company, FY2024 second interim dividend (comparative year) PDF p. 139
Second special interim tax exempt (1-tier) dividends paid of 0.75 cent per share for FY2024 (FY2023: 0.75 cents) 0.75 cents per share Group and Company, FY2024 second special interim dividend (comparative year) PDF p. 139
Total Gross Dividend Per Share (cents) (DPS) 2.75 cents FY2025 (comparative FY2024: 2.75) PDF p. 24

Payout

ItemValuePeriod / scopeSource
Gross Dividend Payout (%) (Gross Dividend Paid / Profit After Tax Attributable to Shareholders) 39.6% FY2025 (FY2024: 43.0%) PDF p. 24

Extracted from Hafary Holdings 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

ItemValuePeriod / scopeSource
Audit firm RSM SG Assurance LLP Group and company, FY2025 PDF p. 106
Engagement partner Tay Hui Jun, Sabrina Group audit, FY2025 PDF p. 106
Opinion properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”) so as to give a true and fair view Group and company, as at 31 December 2025 · As at 2025-12-31 PDF p. 101

Key audit matters

ItemValuePeriod / scopeSource
Assessment of expected credit loss allowance on trade receivables The group’s trade receivables totalled $52,243,000, representing 10% of the group’s total assets as at the end of the reporting year. Group, FY2025 PDF p. 102
Assessment of impairment allowance on inventories The group held inventories of $124,147,000, representing 24% of the group’s total assets as at end of the reporting year. Group, FY2025 PDF p. 103

Extracted from Hafary Holdings 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 Hafary Holdings Limited Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Financial years end 31 December. Monetary amounts are Singapore dollar thousands, EPS is Singapore cents per share. Separate Group / Company financial position and changes in equity are printed. Primary income, comprehensive income and cash flows are Group only; separate Company versions are not printed.

The latest report supplies five-year highlights FY2021–FY2025, including financial ratios, per-share data and thousand-share counts. Primary comparative originals span FY2020–FY2025.

FY2022 Note37 reclassifies FY2021 revenue130095 to126004, other income2065 to6127 and other losses(223) to(194); profit is unchanged. Both original and reclassified figures are retained, with the three original changes separately shown.

Note26 /26A explicitly distinguishes balance-sheet cash from cash-flow cash: pledged deposits515 SGDthousands in bothFY2025 andFY2024 are excluded from cash-flow amounts. The two measures are separately retained.

FY2021 reclassification changes presentation of revenue / other income / other losses without changing profit. The original FY2021 statements and revised FY2021 comparisons are separate source tables.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.