ISOTeam 5WF

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Financials

ANNUAL REPORT 2026

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41 tables

Group comprehensive income — FY2026 source

17 metrics

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Group comprehensive income — FY2026 source from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Group comprehensive income — FY2026 source
RevenueSingapore dollars thousands	105,748	119,208	PDF p. 87
Cost of salesSingapore dollars thousands	(86,392)	(100,102)	PDF p. 87
Gross profitSingapore dollars thousands	19,356	19,106	PDF p. 87
Other incomeSingapore dollars thousands	2,001	3,720	PDF p. 87
Marketing and distribution expensesSingapore dollars thousands	(827)	(839)	PDF p. 87
General and administrative expensesSingapore dollars thousands	(11,417)	(12,398)	PDF p. 87
Finance costsSingapore dollars thousands	(2,513)	(2,218)	PDF p. 87
Impairment loss on receivables and contract assetsSingapore dollars thousands	(69)	(105)	PDF p. 87
Other expensesSingapore dollars thousands	(807)	(601)	PDF p. 87
Profit before taxSingapore dollars thousands	5,724	6,665	PDF p. 87
Tax expenseSingapore dollars thousands	(895)	(1,108)	PDF p. 87
Profit and total comprehensive income for the financial yearSingapore dollars thousands	4,829	5,557	PDF p. 87
Profit and total comprehensive income attributable to: Equity holders of the CompanySingapore dollars thousands	4,903	5,132	PDF p. 87 Label p. 87
Non-controlling interestsSingapore dollars thousands	(74)	425	PDF p. 87
SubtotalSingapore dollars thousands	4,829	5,557	PDF p. 87
Earnings per share attributable to equity holders of the Company
Earnings per share attributable to equity holders of the Company Basic (cents)Singapore cents per share	0.63	0.73	PDF p. 87 Label p. 87
Diluted (cents)Singapore cents per share	0.56	0.73	PDF p. 87

Definitions & sources

Original report: PDF p. 87 ↗

Group and Company financial position — FY2026 source

36 metrics

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Group and Company financial position — FY2026 source from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	17,472	17,727	–	–	PDF p. 88
GoodwillSingapore dollars thousands	1,662	1,662	–	–	PDF p. 88
Intangible assetsSingapore dollars thousands	52	79	–	–	PDF p. 88
Other investmentsSingapore dollars thousands	7,353	7,353	7,353	7,353	PDF p. 88
Investment in subsidiariesSingapore dollars thousands	–	–	41,728	39,450	PDF p. 88
Deferred tax assetsSingapore dollars thousands	800	800	–	–	PDF p. 88
Total non-current assetsSingapore dollars thousands	27,339	27,621	49,081	46,803	PDF p. 88
Current assets
Contract assetsSingapore dollars thousands	48,161	41,370	–	–	PDF p. 88
InventoriesSingapore dollars thousands	17	–	–	–	PDF p. 88
Other investmentsSingapore dollars thousands	500	–	500	–	PDF p. 88
Trade and other receivablesSingapore dollars thousands	34,450	34,479	20,913	21,499	PDF p. 88
Cash and bank balancesSingapore dollars thousands	18,957	17,205	5,210	1,605	PDF p. 88
Total current assetsSingapore dollars thousands	102,085	93,054	26,623	23,104	PDF p. 88
Total assetsSingapore dollars thousands	129,424	120,675	75,704	69,907	PDF p. 88
Non-current liabilities
BorrowingsSingapore dollars thousands	9,762	7,676	2,653	442	PDF p. 88
Deferred tax liabilitiesSingapore dollars thousands	105	105	4	4	PDF p. 88
Derivative financial instrumentsSingapore dollars thousands	462	–	462	–	PDF p. 88
Lease liabilitiesSingapore dollars thousands	2,542	2,387	–	–	PDF p. 88
Total non-current liabilitiesSingapore dollars thousands	12,871	10,168	3,119	446	PDF p. 88
Current liabilities
Contract liabilitiesSingapore dollars thousands	831	675	–	–	PDF p. 88
Trade and other payablesSingapore dollars thousands	24,202	22,858	10,227	7,489	PDF p. 88
BorrowingsSingapore dollars thousands	29,397	36,574	9,452	15,002	PDF p. 88
Lease liabilitiesSingapore dollars thousands	631	593	–	–	PDF p. 88
Provision for taxationSingapore dollars thousands	1,395	1,381	–	–	PDF p. 88
Total current liabilitiesSingapore dollars thousands	56,456	62,081	19,679	22,491	PDF p. 88
Total liabilitiesSingapore dollars thousands	69,327	72,249	22,798	22,937	PDF p. 88
Net assetsSingapore dollars thousands	60,097	48,426	52,906	46,970	PDF p. 88
Share capital and reserves
Share capitalSingapore dollars thousands	42,266	35,027	42,266	35,027	PDF p. 88
Current liabilities
Treasury sharesSingapore dollars thousands	(152)	(152)	(152)	(152)	PDF p. 88
Accumulated profitsSingapore dollars thousands	24,797	20,529	10,587	12,079	PDF p. 88
Foreign currency translation reserveSingapore dollars thousands	30	30	–	–	PDF p. 88
Merger reserveSingapore dollars thousands	(7,305)	(7,305)	–	–	PDF p. 88
Other reservesSingapore dollars thousands	486	(91)	205	16	PDF p. 88
Equity attributable to equity holders of the CompanySingapore dollars thousands	60,122	48,038	52,906	46,970	PDF p. 88
Non-controlling interestsSingapore dollars thousands	(25)	388	–	–	PDF p. 88
TotalSingapore dollars thousands	60,097	48,426	52,906	46,970	PDF p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Group changes in equity — FY2026 source / ending 2026

11 metrics

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Group changes in equity — FY2026 source / ending 2026 from ANNUAL REPORT 2026
Metric / unit	2026GroupShare capital	2026GroupTreasury shares	2026GroupAccumulated profits	2026GroupForeign currency translation reserve	2026GroupMerger reserve	2026GroupOther reserves	2026GroupEquity attributable to equity holders of the Company	2026GroupNon-controlling interests	2026GroupTotal equity	Source
2026
Balance at 1.7.2025Singapore dollars thousands	35,027	(152)	20,529	30	(7,305)	(91)	48,038	388	48,426	PDF p. 89
Group changes in equity — FY2026 source / ending 2026
Profit and total comprehensive income for the financial yearSingapore dollars thousands	–	–	4,903	–	–	–	4,903	(74)	4,829	PDF p. 89 Label p. 89
Share issuance (Note 23)Singapore dollars thousands	7,001	–	–	–	–	–	7,001	–	7,001	PDF p. 89 Label p. 89
Share issue expense (Note 23)Singapore dollars thousands	(349)	–	–	–	–	–	(349)	–	(349)	PDF p. 89 Label p. 89
Dividend (Note 23)Singapore dollars thousands	–	–	(635)	–	–	–	(635)	–	(635)	PDF p. 89
Acquisition of non-controlling interests (Note 15)Singapore dollars thousands	–	–	–	–	–	388	388	(388)	–	PDF p. 89 Label p. 89
Equity-settled share-based payment exercised (Note 23)Singapore dollars thousands	587	–	–	–	–	(587)	–	–	–	PDF p. 89 Label p. 89
Equity-settled share-based payment (Note 7)Singapore dollars thousands	–	–	–	–	–	776	776	–	776	PDF p. 89 Label p. 89
Capital contributions from non-controlling interests (Note 15)Singapore dollars thousands	–	–	–	–	–	–	–	49	49	PDF p. 89 Label p. 89
Total transactions with ownersSingapore dollars thousands	7,239	–	(635)	–	–	577	7,181	(339)	6,842	PDF p. 89 Label p. 89
Balance at 30.6.2026Singapore dollars thousands	42,266	(152)	24,797	30	(7,305)	486	60,122	(25)	60,097	PDF p. 89

Definitions & sources

Original report: PDF p. 89 ↗

Zara 49%minority interest acquired 1 August 2025 forSGD1 without change of control. The minority carrying-value transfer 388 thousand is an equity transaction; consideration is below the statement monetary threshold, not zero. Source 119.

Group changes in equity — FY2026 source / ending 2025

9 metrics

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Group changes in equity — FY2026 source / ending 2025 from ANNUAL REPORT 2026
Metric / unit	2025GroupShare capital	2025GroupTreasury shares	2025GroupAccumulated profits	2025GroupForeign currency translation reserve	2025GroupMerger reserve	2025GroupOther reserves	2025GroupEquity attributable to equity holders of the Company	2025GroupNon-controlling interests	2025GroupTotal equity	Source
2025
Balance at 1.7.2024Singapore dollars thousands	54,321	(152)	(4,044)	30	(7,305)	62	42,912	(37)	42,875	PDF p. 90
Group changes in equity — FY2026 source / ending 2025
Profit and total comprehensive income for the financial yearSingapore dollars thousands	–	–	5,132	–	–	–	5,132	425	5,557	PDF p. 90 Label p. 90
Cancellation of share capital (Note 23)Singapore dollars thousands	(20,000)	–	20,000	–	–	–	–	–	–	PDF p. 90 Label p. 90
Dividend (Note 23)Singapore dollars thousands	–	–	(558)	–	–	–	(558)	–	(558)	PDF p. 90
Equity-settled share-based payment exercised (Note 23)Singapore dollars thousands	705	–	–	–	–	(705)	–	–	–	PDF p. 90 Label p. 90
Equity-settled share-based payment (Note 7)Singapore dollars thousands	–	–	–	–	–	552	552	–	552	PDF p. 90 Label p. 90
Transaction costs related to issue of ordinary shares (Note 23)Singapore dollars thousands	1	–	(1)	–	–	–	–	–	–	PDF p. 90 Label p. 90
Total transactions with ownersSingapore dollars thousands	(19,294)	–	19,441	–	–	(153)	(6)	–	(6)	PDF p. 90 Label p. 90
Balance at 30.6.2025Singapore dollars thousands	35,027	(152)	20,529	30	(7,305)	(91)	48,038	388	48,426	PDF p. 90

Definitions & sources

Original report: PDF p. 90 ↗

Group cash flows — FY2026 source / page 91

42 metrics

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Group cash flows — FY2026 source / page 91 from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Cash flows from operating activities
Profit before taxSingapore dollars thousands	5,724	6,665	PDF p. 91
Adjustments for:
Amortisation of intangible assetsSingapore dollars thousands	31	49	PDF p. 91
Depreciation of property, plant and equipmentSingapore dollars thousands	2,144	2,917	PDF p. 91
Loss/(gain) on disposal of property, plant and equipment, netSingapore dollars thousands	40	(33)	PDF p. 91
Impairment loss on receivables and contract assetsSingapore dollars thousands	69	105	PDF p. 91
Interest incomeSingapore dollars thousands	(75)	(45)	PDF p. 91
Interest expenseSingapore dollars thousands	2,259	1,928	PDF p. 91
Dividend incomeSingapore dollars thousands	(100)	–	PDF p. 91
Bad debts recoveredSingapore dollars thousands	(565)	(42)	PDF p. 91
Equity-settled share-based paymentsSingapore dollars thousands	776	552	PDF p. 91
Fair value gain on derivative financial instruments, netSingapore dollars thousands	(678)	–	PDF p. 91
Fair value gain on other investments, netSingapore dollars thousands	–	(2,678)	PDF p. 91
Operating profit before working capital changesSingapore dollars thousands	9,625	9,418	PDF p. 91
Contract assetsSingapore dollars thousands	(6,791)	867	PDF p. 91
Contract liabilitiesSingapore dollars thousands	156	(960)	PDF p. 91
Trade and other receivablesSingapore dollars thousands	574	(6,652)	PDF p. 91
Trade and other payablesSingapore dollars thousands	1,331	(2,575)	PDF p. 91
InventoriesSingapore dollars thousands	(17)	–	PDF p. 91
Cash generated from operationsSingapore dollars thousands	4,878	98	PDF p. 91
Interest receivedSingapore dollars thousands	75	45	PDF p. 91
Tax paidSingapore dollars thousands	(881)	–	PDF p. 91
Net cash generated from operating activitiesSingapore dollars thousands	4,072	143	PDF p. 91
Cash flows from investing activities
Additions to intangible assetsSingapore dollars thousands	(4)	–	PDF p. 91
Purchases of property, plant and equipment (Note 10)Singapore dollars thousands	(1,005)	(320)	PDF p. 91
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands	9	106	PDF p. 91
Placement of other investmentsSingapore dollars thousands	(500)	–	PDF p. 91
Dividend receivedSingapore dollars thousands	84	–	PDF p. 91
Net cash used in investing activitiesSingapore dollars thousands	(1,416)	(214)	PDF p. 91
Cash flows from financing activities
Proceeds from issuance of convertible bondsSingapore dollars thousands	3,000	–	PDF p. 91
Proceeds from issuance of ordinary sharesSingapore dollars thousands	7,001	–	PDF p. 91
Share issue expensesSingapore dollars thousands	(349)	–	PDF p. 91
Withdrawal/(placement) of fixed deposits pledged to bankSingapore dollars thousands	842	(3)	PDF p. 91
Placement of restricted cash collateralSingapore dollars thousands	(375)	–	PDF p. 91
Dividend paidSingapore dollars thousands	(635)	(558)	PDF p. 91
Drawdown of borrowingsSingapore dollars thousands	59,736	71,008	PDF p. 91
Repayment of borrowingsSingapore dollars thousands	(66,973)	(60,777)	PDF p. 91
Repayment of lease liabilitiesSingapore dollars thousands	(711)	(1,254)	PDF p. 91
Interest paidSingapore dollars thousands	(1,973)	(1,890)	PDF p. 91
Net cash (used in)/generated from financing activitiesSingapore dollars thousands	(437)	6,526	PDF p. 91
Net increase in cash and cash equivalentsSingapore dollars thousands	2,219	6,455	PDF p. 91
Cash and cash equivalents at beginning of financial yearSingapore dollars thousands	14,031	7,576	PDF p. 91
Cash and cash equivalents at end of financial yearSingapore dollars thousands	16,250	14,031	PDF p. 91

Definitions & sources

Original report: PDF p. 91 ↗

Cash and cash equivalents reconciliation — FY2026 source

7 metrics

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Cash and cash equivalents reconciliation — FY2026 source from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Cash and cash equivalents reconciliation — FY2026 source
Cash in hand and at bank (Note 18)Singapore dollars thousands	15,248	14,031	PDF p. 92
Cash collateral (Note 18)Singapore dollars thousands	375	–	PDF p. 92
Fixed deposits (Note 18)Singapore dollars thousands	3,334	3,174	PDF p. 92
SubtotalSingapore dollars thousands	18,957	17,205	PDF p. 92
Less: Fixed deposits pledged (Note 18)Singapore dollars thousands	(2,332)	(3,174)	PDF p. 92
Less: Cash collateral (Note 18)Singapore dollars thousands	(375)	–	PDF p. 92
SubtotalSingapore dollars thousands	16,250	14,031	PDF p. 92

Definitions & sources

Original report: PDF p. 92 ↗

Basic EPS inputs

3 metrics

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Basic EPS inputs from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Basic EPS inputs
Earnings attributable to equity holders of the CompanySingapore dollars thousands	4,903	5,132	PDF p. 108
Weighted-average number of ordinary shares in issueordinary shares thousands	776,841	702,338	PDF p. 108
Basic earnings per share (cents)Singapore cents per share	0.63	0.73	PDF p. 108

Definitions & sources

Original report: PDF p. 108 ↗

Diluted EPS inputs

9 metrics

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Diluted EPS inputs from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Diluted EPS inputs
Earnings attributable to equity holders of the CompanySingapore dollars thousands	4,903	5,132	PDF p. 109
Interest expenses on convertible bondsSingapore dollars thousands	322	–	PDF p. 109
Fair value gain on derivative financial instrumentsSingapore dollars thousands	(678)	–	PDF p. 109
Adjusted earnings attributable to equity holders of the CompanySingapore dollars thousands	4,547	5,132	PDF p. 109
Ordinary shares used in calculation of basic earningsordinary shares thousands	776,841	702,338	PDF p. 109
Potential convertible bonds to be exercisedordinary shares thousands	25,668	–	PDF p. 109
Potential ordinary shares issuable under ISOTeam PSPordinary shares thousands	3,066	–	PDF p. 109
Weighted average number of ordinary shares outstandingordinary shares thousands	805,575	702,338	PDF p. 109
Diluted earnings per share (cents)Singapore cents per share	0.56	0.73	PDF p. 109

Definitions & sources

Original report: PDF p. 109 ↗

Five-year financial highlights — FY2022–FY2026

4 metrics

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Five-year financial highlights — FY2022–FY2026 from ANNUAL REPORT 2026
Metric / unit	2022Group / source marked restated	2023Group / source marked restated	2024Group	2025Group	2026Group	Source
Financial and corporate highlights
RevenueSingapore dollars millions	96.5	110.4	130.2	119.2	105.7	PDF p. 8
Gross profitSingapore dollars millions	4.4	11.1	20.2	19.1	19.4	PDF p. 8
Gross profit marginpercent	4.6	10.1	15.5	16.0	18.3	PDF p. 8
(Loss)/profit attributable to equity holdersSingapore dollars millions	(13.2)	1.4	6.5	5.1	4.9	PDF p. 8

Definitions & sources

Original report: PDF p. 8 ↗

Original FY2022/FY2023 charts carry restated markers. Monetary summaries rounded to SGDmillions, not primary SGD thousands.

Three-year financial highlights — FY2024–FY2026

4 metrics

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Three-year financial highlights — FY2024–FY2026 from ANNUAL REPORT 2026
Metric / unit	2024Group	2025Group	2026Group	Source
Financial and corporate highlights
Equity attributable to equity holdersSingapore dollars millions	42.9	48.0	60.1	PDF p. 9
Earnings per shareSingapore cents per share	0.9	0.7	0.6	PDF p. 9
Return on equitypercent	15.2	10.7	8.2	PDF p. 9
Return on assetspercent	6.0	4.3	3.8	PDF p. 9

Definitions & sources

Original report: PDF p. 9 ↗

SummaryEPS rounded to 0.1 cent versus primaryEPS0.01 cent. Equity uses owner equity excludingNCI.

Proposed dividend — FY2026

2 metrics

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Proposed dividend — FY2026 from ANNUAL REPORT 2026
Metric / unit	2026Company	Source
Proposed dividend
Proposed dividend per shareSingapore cents per share	0.11	PDF p. 9
Proposed dividend payout ratiopercent	30	PDF p. 9

Definitions & sources

Original report: PDF p. 9 ↗

Approval condition confirmed in original AGM notice 145; note 127 states appropriation in FY2027.

Cash composition

4 metrics

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Cash composition from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Cash composition
Cash in hand and at bankSingapore dollars thousands	15,248	14,031	3,835	1,605	PDF p. 121
Fixed depositsSingapore dollars thousands	3,334	3,174	1,000	–	PDF p. 121
Cash collateralSingapore dollars thousands	375	–	375	–	PDF p. 121
SubtotalSingapore dollars thousands	18,957	17,205	5,210	1,605	PDF p. 121

Definitions & sources

Original report: PDF p. 121 ↗

Borrowings composition

10 metrics

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Borrowings composition from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Non-current liabilities
Term loansSingapore dollars thousands	7,630	7,676	521	442	PDF p. 121
Redeemable convertible bondsSingapore dollars thousands	2,132	–	2,132	–	PDF p. 121
SubtotalSingapore dollars thousands	9,762	7,676	2,653	442	PDF p. 121
Current liabilities
Factoring loanSingapore dollars thousands	124	507	–	–	PDF p. 121
Trust receipts*Singapore dollars thousands	11,845	14,847	–	–	PDF p. 121
Revolving credit facilitiesSingapore dollars thousands	9,750	6,829	2,700	3,180	PDF p. 121
Term loansSingapore dollars thousands	2,618	7,931	1,692	5,362	PDF p. 121
Commercial papersSingapore dollars thousands	5,060	6,460	5,060	6,460	PDF p. 121
SubtotalSingapore dollars thousands	29,397	36,574	9,452	15,002	PDF p. 121
TotalSingapore dollars thousands	39,159	44,250	12,105	15,444	PDF p. 121

Definitions & sources

Original report: PDF p. 121 ↗

Other investments composition

3 metrics

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Other investments composition from ANNUAL REPORT 2026
Metric / unit	2026Group and Company	2025Group and Company	Source
Other investments composition
Non-current asset Financial assets at fair value through profit or loss – Equity investment in sub-fund (unquoted)Singapore dollars thousands	7,353	7,353	PDF p. 116 Label p. 116
Current asset Financial assets at amortised cost – Debt securitySingapore dollars thousands	500	–	PDF p. 116 Label p. 116
TotalSingapore dollars thousands	7,853	7,353	PDF p. 116

Definitions & sources

Original report: PDF p. 116 ↗

Company accumulated profits movement

6 metrics

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Company accumulated profits movement from ANNUAL REPORT 2026
Metric / unit	2026Company	2025Company	Source
Company accumulated profits movement
At beginning of financial yearSingapore dollars thousands	12,080	(9,648)	PDF p. 127
(Loss)/profit and total comprehensive (loss)/income for the financial yearSingapore dollars thousands	(858)	2,287	PDF p. 127
Transaction costs related to issue of share capitalSingapore dollars thousands	–	(1)	PDF p. 127
Dividend paidSingapore dollars thousands	(635)	(558)	PDF p. 127
Cancellation of share capitalSingapore dollars thousands	–	20,000	PDF p. 127
At end of financial yearSingapore dollars thousands	10,587	12,080	PDF p. 127

Definitions & sources

Original report: PDF p. 127 ↗

Company accumulated profits note shows FY2025 closing/opening 12080 versus 12079 in the statements of financial position. Source values and internal movement arithmetic retained; no balancing adjustment or unsupported rounding explanation. This is a selected reserves note, not a fabricated full Company statement of changes in equity.

Dividends paid for previous financial year

1 metrics

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Dividends paid for previous financial year from ANNUAL REPORT 2026
Metric / unit	2026Company	2025Company	Source
Final exempt dividend of 0.08 cents (2025: 0.08 cents) per share paid in
Final exempt dividend of 0.08 cents (2025: 0.08 cents) per share paid in respect of the previous financial yearSingapore dollars thousands	635	558	PDF p. 127 Label p. 127

Definitions & sources

Original report: PDF p. 127 ↗

Cash paid in FY2026 was 0.08 cents per share for priorFY2025, totalling 635 thousand; FY2025 cash paid 558 thousand forpriorFY2024. Proposed FY2026 final 0.11 cents remains separate, not recognised as payable and subject to AGM resolution 2. Sources 127 and 145.

Group comprehensive income — FY2025 source

23 metrics

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Group comprehensive income — FY2025 source from ANNUAL REPORT 2026
Metric / unit	2025Group	2024Group	Source
Group comprehensive income — FY2025 source
RevenueSingapore dollars thousands	119,208	130,168	PDF p. 91
Cost of salesSingapore dollars thousands	(100,102)	(109,996)	PDF p. 91
Gross profitSingapore dollars thousands	19,106	20,172	PDF p. 91
Other incomeSingapore dollars thousands	3,720	5,732	PDF p. 91
Marketing and distribution expensesSingapore dollars thousands	(839)	(733)	PDF p. 91
General and administrative expensesSingapore dollars thousands	(12,398)	(13,169)	PDF p. 91
Finance costsSingapore dollars thousands	(2,218)	(2,494)	PDF p. 91
Impairment loss on receivables and contract assetsSingapore dollars thousands	(105)	(1,723)	PDF p. 91
Other expensesSingapore dollars thousands	(601)	(470)	PDF p. 91
Profit before taxSingapore dollars thousands	6,665	7,315	PDF p. 91
Tax expenseSingapore dollars thousands	(1,108)	(711)	PDF p. 91
Profit for the financial yearSingapore dollars thousands	5,557	6,604	PDF p. 91
Items that are or may be reclassified subsequently to profit or loss:
Other comprehensive loss Items that are or may be reclassified subsequently to profit or loss: Foreign currency translation loss arising on consolidationSingapore dollars thousands	–	(1)	PDF p. 91 Label p. 91
Other comprehensive loss for the financial year, net of taxSingapore dollars thousands	–	(1)	PDF p. 91
Total comprehensive income for the financial yearSingapore dollars thousands	5,557	6,603	PDF p. 91
Profit attributable to: Equity holders of the CompanySingapore dollars thousands	5,132	6,513	PDF p. 91 Label p. 91
Non-controlling interestsSingapore dollars thousands	425	91	PDF p. 91
SubtotalSingapore dollars thousands	5,557	6,604	PDF p. 91
Total comprehensive income attributable to:
Equity holders of the CompanySingapore dollars thousands	5,132	6,511	PDF p. 91
Non-controlling interestsSingapore dollars thousands	425	92	PDF p. 91
SubtotalSingapore dollars thousands	5,557	6,603	PDF p. 91
Earnings per share attributable to equity holders of the Company
Earnings per share attributable to equity holders of the Company Basic (cents)Singapore cents per share	0.73	0.94	PDF p. 91 Label p. 91
Diluted (cents)Singapore cents per share	0.73	0.93	PDF p. 91

Definitions & sources

Original report: PDF p. 91 ↗

Group and Company financial position — FY2025 source

33 metrics

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Group and Company financial position — FY2025 source from ANNUAL REPORT 2026
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	17,727	19,990	–	–	PDF p. 92
GoodwillSingapore dollars thousands	1,662	1,662	–	–	PDF p. 92
Intangible assetsSingapore dollars thousands	79	128	–	–	PDF p. 92
Other investmentsSingapore dollars thousands	7,353	4,675	7,353	4,675	PDF p. 92
Investment in subsidiariesSingapore dollars thousands	–	–	39,450	36,907	PDF p. 92
Deferred tax assetsSingapore dollars thousands	800	811	–	–	PDF p. 92
Total non-current assetsSingapore dollars thousands	27,621	27,266	46,803	41,582	PDF p. 92
Current assets
Contract assetsSingapore dollars thousands	41,370	42,237	–	–	PDF p. 92
Trade and other receivablesSingapore dollars thousands	34,479	27,890	21,499	12,215	PDF p. 92
Cash and bank balancesSingapore dollars thousands	17,205	10,911	1,605	1,101	PDF p. 92
Total current assetsSingapore dollars thousands	93,054	81,038	23,104	13,316	PDF p. 92
Total assetsSingapore dollars thousands	120,675	108,304	69,907	54,898	PDF p. 92
Non-current liabilities
BorrowingsSingapore dollars thousands	7,676	10,051	442	1,079	PDF p. 92
Deferred tax liabilitiesSingapore dollars thousands	105	105	4	4	PDF p. 92
Lease liabilitiesSingapore dollars thousands	2,387	2,622	–	–	PDF p. 92
Total non-current liabilitiesSingapore dollars thousands	10,168	12,778	446	1,083	PDF p. 92
Current liabilities
Contract liabilitiesSingapore dollars thousands	675	1,635	–	–	PDF p. 92
Trade and other payablesSingapore dollars thousands	22,858	25,433	7,489	4,017	PDF p. 92
BorrowingsSingapore dollars thousands	36,574	24,094	15,002	5,108	PDF p. 92
Lease liabilitiesSingapore dollars thousands	593	1,205	–	–	PDF p. 92
Provision for taxationSingapore dollars thousands	1,381	284	–	–	PDF p. 92
Total current liabilitiesSingapore dollars thousands	62,081	52,651	22,491	9,125	PDF p. 92
Total liabilitiesSingapore dollars thousands	72,249	65,429	22,937	10,208	PDF p. 92
Net assetsSingapore dollars thousands	48,426	42,875	46,970	44,690	PDF p. 92
Share capital and reserves
Share capitalSingapore dollars thousands	35,027	54,321	35,026	54,321	PDF p. 92
Current liabilities
Treasury sharesSingapore dollars thousands	(152)	(152)	(152)	(152)	PDF p. 92
Accumulated profits/(losses)Singapore dollars thousands	20,529	(4,044)	12,080	(9,648)	PDF p. 92
Foreign currency translation reserveSingapore dollars thousands	30	30	–	–	PDF p. 92
Merger reserveSingapore dollars thousands	(7,305)	(7,305)	–	–	PDF p. 92
Other reservesSingapore dollars thousands	(91)	62	16	169	PDF p. 92
Equity attributable to equity holders of the CompanySingapore dollars thousands	48,038	42,912	46,970	44,690	PDF p. 92
Non-controlling interestsSingapore dollars thousands	388	(37)	–	–	PDF p. 92
Total equitySingapore dollars thousands	48,426	42,875	46,970	44,690	PDF p. 92

Definitions & sources

Original report: PDF p. 92 ↗

Group changes in equity — FY2025 source / ending 2025

9 metrics

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Group changes in equity — FY2025 source / ending 2025 from ANNUAL REPORT 2026
Metric / unit	2025GroupShare capital	2025GroupTreasury shares	2025GroupAccumulated profits	2025GroupForeign currency translation reserve	2025GroupMerger reserve	2025GroupOther reserves	2025GroupEquity attributable to equity holders of the Company	2025GroupNon-controlling interests	2025GroupTotal equity	Source
2025
Balance at 1.7.2024Singapore dollars thousands	54,321	(152)	(4,044)	30	(7,305)	62	42,912	(37)	42,875	PDF p. 93
Group changes in equity — FY2025 source / ending 2025
Profit and total comprehensive income for the financial yearSingapore dollars thousands	–	–	5,132	–	–	–	5,132	425	5,557	PDF p. 93 Label p. 93
Cancellation of share capital (Note 22)Singapore dollars thousands	(20,000)	–	20,000	–	–	–	–	–	–	PDF p. 93 Label p. 93
Dividend (Note 22)Singapore dollars thousands	–	–	(558)	–	–	–	(558)	–	(558)	PDF p. 93
Equity-settled share-based payment vested (Note 22)Singapore dollars thousands	705	–	–	–	–	(705)	–	–	–	PDF p. 93 Label p. 93
Equity-settled share-based payment exercised (Note 7)Singapore dollars thousands	–	–	–	–	–	552	552	–	552	PDF p. 93 Label p. 93
Transaction costs related to issue of ordinary shares (Note 22)Singapore dollars thousands	1	–	(1)	–	–	–	–	–	–	PDF p. 93 Label p. 93
Total transactions with equity holders of the CompanySingapore dollars thousands	(19,294)	–	19,441	–	–	(153)	(6)	–	(6)	PDF p. 93 Label p. 93
Balance at 30.6.2025Singapore dollars thousands	35,027	(152)	20,529	30	(7,305)	(91)	48,038	388	48,426	PDF p. 93

Definitions & sources

Original report: PDF p. 93 ↗

Group changes in equity — FY2025 source / ending 2024

10 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity — FY2025 source / ending 2024 from ANNUAL REPORT 2026
Metric / unit	2024GroupShare capital	2024GroupTreasury shares	2024GroupAccumulated profits	2024GroupForeign currency translation reserve	2024GroupMerger reserve	2024GroupOther reserves	2024GroupEquity attributable to equity holders of the Company	2024GroupNon-controlling interests	2024GroupTotal equity	Source
2024
Balance at 1.7.2023Singapore dollars thousands	43,743	(152)	(10,557)	32	(7,305)	39	25,800	(129)	25,671	PDF p. 94
Group changes in equity — FY2025 source / ending 2024
Profit for the financial yearSingapore dollars thousands	–	–	6,513	–	–	–	6,513	91	6,604	PDF p. 94 Label p. 94
Foreign currency translation (loss)/ gain, net of tax (Note 23)Singapore dollars thousands	–	–	–	(2)	–	–	(2)	1	(1)	PDF p. 94 Label p. 94
Total comprehensive
Total comprehensive income/(loss) for the financial yearSingapore dollars thousands	–	–	6,513	(2)	–	–	6,511	92	6,603	PDF p. 94 Label p. 94
Issuance of ordinary shares via right issue (Note 22)Singapore dollars thousands	10,415	–	–	–	–	–	10,415	–	10,415	PDF p. 94 Label p. 94
Share issue expense (Note 22)Singapore dollars thousands	(150)	–	–	–	–	–	(150)	–	(150)	PDF p. 94 Label p. 94
Equity-settled share-based payment vested (Note 22)Singapore dollars thousands	313	–	–	–	–	(313)	–	–	–	PDF p. 94 Label p. 94
Equity-settled share-based payment (Note 7)Singapore dollars thousands	–	–	–	–	–	336	336	–	336	PDF p. 94 Label p. 94
Total transactions with equity holders of the CompanySingapore dollars thousands	10,578	–	–	–	–	23	10,601	–	10,601	PDF p. 94 Label p. 94
Balance at 30.6.2024Singapore dollars thousands	54,321	(152)	(4,044)	30	(7,305)	62	42,912	(37)	42,875	PDF p. 94

Definitions & sources

Original report: PDF p. 94 ↗

Group cash flows — FY2025 source / page 95

29 metrics

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Group cash flows — FY2025 source / page 95 from ANNUAL REPORT 2026
Metric / unit	2025Group	2024Group	Source
Cash flows from operating activities
Profit before taxSingapore dollars thousands	6,665	7,315	PDF p. 95
Adjustments for:
Amortisation of intangible assetsSingapore dollars thousands	49	136	PDF p. 95
Depreciation of property, plant and equipmentSingapore dollars thousands	2,917	3,101	PDF p. 95
Gain on disposal of property, plant and equipment (net)Singapore dollars thousands	(33)	(41)	PDF p. 95
Impairment loss on receivables and contract assetsSingapore dollars thousands	105	1,723	PDF p. 95
Interest incomeSingapore dollars thousands	(45)	(261)	PDF p. 95
Interest expenseSingapore dollars thousands	1,928	2,192	PDF p. 95
Bad debts recoveredSingapore dollars thousands	(42)	(24)	PDF p. 95
Inventories written offSingapore dollars thousands	–	159	PDF p. 95
Property, plant and equipment written offSingapore dollars thousands	–	8	PDF p. 95
Gain on lease modificationSingapore dollars thousands	–	(32)	PDF p. 95
Equity-settled share based paymentsSingapore dollars thousands	552	336	PDF p. 95
Gain on disposal of subsidiary (Note A)Singapore dollars thousands	–	(3,285)	PDF p. 95
Fair value gain on other investments, netSingapore dollars thousands	(2,678)	(1,208)	PDF p. 95
Operating profit before working capital changesSingapore dollars thousands	9,418	10,119	PDF p. 95
Contract assetsSingapore dollars thousands	867	(6,479)	PDF p. 95
Contract liabilitiesSingapore dollars thousands	(960)	(630)	PDF p. 95
Trade and other receivablesSingapore dollars thousands	(6,652)	(5,872)	PDF p. 95
Trade and other payablesSingapore dollars thousands	(2,575)	8,992	PDF p. 95
InventoriesSingapore dollars thousands	–	35	PDF p. 95
Cash generated from operationsSingapore dollars thousands	98	6,165	PDF p. 95
Interest receivedSingapore dollars thousands	45	261	PDF p. 95
Tax paidSingapore dollars thousands	–	(28)	PDF p. 95
Net cash generated from operating activitiesSingapore dollars thousands	143	6,398	PDF p. 95
Cash flows from investing activities
Additions to intangible assets (Note 13)Singapore dollars thousands	–	(4)	PDF p. 95
Purchases of property, plant and equipment (Note 10)Singapore dollars thousands	(320)	(1,170)	PDF p. 95
Proceeds from disposal of property, plant and equipment and asset held for saleSingapore dollars thousands	106	131	PDF p. 95
Net cash outflow on disposal of a subsidiary (Note A)Singapore dollars thousands	–	(7)	PDF p. 95
Net cash used in investing activitiesSingapore dollars thousands	(214)	(1,050)	PDF p. 95

Definitions & sources

Original report: PDF p. 95 ↗

Group cash flows — FY2025 source / page 96

13 metrics

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Group cash flows — FY2025 source / page 96 from ANNUAL REPORT 2026
Metric / unit	2025Group	2024Group	Source
Cash flows from financing activities
Proceeds from issuance of ordinary sharesSingapore dollars thousands	–	10,415	PDF p. 96
Share issue expensesSingapore dollars thousands	–	(150)	PDF p. 96
(Placement)/withdrawal of fixed deposits pledged to bankSingapore dollars thousands	(3)	996	PDF p. 96
Dividend paidSingapore dollars thousands	(558)	–	PDF p. 96
Drawdown of borrowingsSingapore dollars thousands	71,008	49,698	PDF p. 96
Repayment of borrowingsSingapore dollars thousands	(60,777)	(56,710)	PDF p. 96
Repayment of lease liabilitiesSingapore dollars thousands	(1,254)	(1,353)	PDF p. 96
Due to directors (non-trade)Singapore dollars thousands	–	(240)	PDF p. 96
Interest paidSingapore dollars thousands	(1,890)	(2,194)	PDF p. 96
Net cash generated from financing activitiesSingapore dollars thousands	6,526	462	PDF p. 96
Net increase in cash and cash equivalentsSingapore dollars thousands	6,455	5,810	PDF p. 96
Cash and cash equivalents at beginning of financial yearSingapore dollars thousands	7,576	1,766	PDF p. 96
Cash and cash equivalents at end of financial yearSingapore dollars thousands	14,031	7,576	PDF p. 96

Definitions & sources

Original report: PDF p. 96 ↗

Cash and cash equivalents reconciliation — FY2025 source

6 metrics

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Cash and cash equivalents reconciliation — FY2025 source from ANNUAL REPORT 2026
Metric / unit	2025Group	2024Group	Source
Cash and cash equivalents reconciliation — FY2025 source
Cash in hand and at bank (Note 18)Singapore dollars thousands	14,031	7,740	PDF p. 96
Fixed deposits (Note 18)Singapore dollars thousands	3,174	3,171	PDF p. 96
SubtotalSingapore dollars thousands	17,205	10,911	PDF p. 96
Less: Fixed deposits pledged (Note 18)Singapore dollars thousands	(3,174)	(3,171)	PDF p. 96
Less: Bank overdrafts (Note 19)Singapore dollars thousands	–	(164)	PDF p. 96
SubtotalSingapore dollars thousands	14,031	7,576	PDF p. 96

Definitions & sources

Original report: PDF p. 96 ↗

Group comprehensive income — FY2024 source

23 metrics

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Group comprehensive income — FY2024 source from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	Source
Group comprehensive income — FY2024 source
RevenueSingapore dollars thousands	130,168	110,400	PDF p. 87
Cost of salesSingapore dollars thousands	(109,996)	(99,338)	PDF p. 87
Gross profitSingapore dollars thousands	20,172	11,062	PDF p. 87
Other incomeSingapore dollars thousands	5,732	4,627	PDF p. 87
Marketing and distribution expensesSingapore dollars thousands	(733)	(814)	PDF p. 87
General and administrative expensesSingapore dollars thousands	(13,169)	(11,071)	PDF p. 87
Finance costsSingapore dollars thousands	(2,494)	(2,297)	PDF p. 87
Impairment loss on receivables and contract assetsSingapore dollars thousands	(1,723)	(775)	PDF p. 87
Other expensesSingapore dollars thousands	(470)	(244)	PDF p. 87
Profit before taxSingapore dollars thousands	7,315	488	PDF p. 87
Tax (expense)/creditSingapore dollars thousands	(711)	657	PDF p. 87
Profit for the financial yearSingapore dollars thousands	6,604	1,145	PDF p. 87
Items that are or may be reclassified subsequently to profit or loss:
Other comprehensive loss Items that are or may be reclassified subsequently to profit or loss: Foreign currency translation loss arising on consolidationSingapore dollars thousands	(1)	–	PDF p. 87 Label p. 87
Other comprehensive loss for the financial year, net of taxSingapore dollars thousands	(1)	–	PDF p. 87
Total comprehensive income for the financial yearSingapore dollars thousands	6,603	1,145	PDF p. 87
Profit/(loss) attributable to:
Profit/(loss) attributable to: Equity holders of the CompanySingapore dollars thousands	6,513	1,405	PDF p. 87 Label p. 87
Non-controlling interestsSingapore dollars thousands	91	(260)	PDF p. 87
SubtotalSingapore dollars thousands	6,604	1,145	PDF p. 87
Total comprehensive income/(loss) attributable to:
Total comprehensive income/(loss) attributable to: Equity holders of the CompanySingapore dollars thousands	6,511	1,404	PDF p. 87 Label p. 87
Non-controlling interestsSingapore dollars thousands	92	(259)	PDF p. 87
SubtotalSingapore dollars thousands	6,603	1,145	PDF p. 87
Earnings per share attributable to equity holders of the Company
Earnings per share attributable to equity holders of the Company Basic (cents)Singapore cents per share	0.94	0.28	PDF p. 87 Label p. 87
Diluted (cents)Singapore cents per share	0.93	0.28	PDF p. 87

Definitions & sources

Original report: PDF p. 87 ↗

Group and Company financial position — FY2024 source

35 metrics

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Group and Company financial position — FY2024 source from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	2024Company	2023Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	19,990	21,525	–	–	PDF p. 88
GoodwillSingapore dollars thousands	1,662	1,662	–	–	PDF p. 88
Intangible assetsSingapore dollars thousands	128	210	–	18	PDF p. 88
Other investmentsSingapore dollars thousands	4,675	3,467	4,675	3,467	PDF p. 88
Investment in subsidiariesSingapore dollars thousands	–	–	36,907	25,636	PDF p. 88
Deferred tax assetsSingapore dollars thousands	811	1,098	–	–	PDF p. 88
Total non-current assetsSingapore dollars thousands	27,266	27,962	41,582	29,121	PDF p. 88
Current assets
Contract assetsSingapore dollars thousands	42,237	36,064	–	–	PDF p. 88
InventoriesSingapore dollars thousands	–	194	–	–	PDF p. 88
Trade and other receivablesSingapore dollars thousands	27,890	29,875	12,215	6,852	PDF p. 88
Cash and bank balancesSingapore dollars thousands	10,911	6,799	1,101	266	PDF p. 88
Tax recoverableSingapore dollars thousands	–	112	–	–	PDF p. 88
Total current assetsSingapore dollars thousands	81,038	73,044	13,316	7,118	PDF p. 88
Total assetsSingapore dollars thousands	108,304	101,006	54,898	36,239	PDF p. 88
Non-current liabilities
BorrowingsSingapore dollars thousands	10,051	13,543	1,079	1,686	PDF p. 88
Deferred tax liabilitiesSingapore dollars thousands	105	105	4	4	PDF p. 88
Lease liabilitiesSingapore dollars thousands	2,622	3,305	–	–	PDF p. 88
Total non-current liabilitiesSingapore dollars thousands	12,778	16,953	1,083	1,690	PDF p. 88
Current liabilities
Contract liabilitiesSingapore dollars thousands	1,635	2,265	–	–	PDF p. 88
Trade and other payablesSingapore dollars thousands	25,433	24,337	4,017	2,980	PDF p. 88
BorrowingsSingapore dollars thousands	24,094	30,597	5,108	6,299	PDF p. 88
Lease liabilitiesSingapore dollars thousands	1,205	1,183	–	–	PDF p. 88
Provision for taxationSingapore dollars thousands	284	–	–	–	PDF p. 88
Total current liabilitiesSingapore dollars thousands	52,651	58,382	9,125	9,279	PDF p. 88
Total liabilitiesSingapore dollars thousands	65,429	75,335	10,208	10,969	PDF p. 88
Net assetsSingapore dollars thousands	42,875	25,671	44,690	25,270	PDF p. 88
Share capital and reserves
Share capitalSingapore dollars thousands	54,321	43,743	54,321	43,743	PDF p. 88
Current liabilities
Treasury sharesSingapore dollars thousands	(152)	(152)	(152)	(152)	PDF p. 88
Accumulated lossesSingapore dollars thousands	(4,044)	(10,557)	(9,648)	(18,467)	PDF p. 88
Foreign currency translation reserveSingapore dollars thousands	30	32	–	–	PDF p. 88
Merger reserveSingapore dollars thousands	(7,305)	(7,305)	–	–	PDF p. 88
Other reservesSingapore dollars thousands	62	39	169	146	PDF p. 88
Equity attributable to equity holders of the CompanySingapore dollars thousands	42,912	25,800	44,690	25,270	PDF p. 88 Label p. 88
Non-controlling interestsSingapore dollars thousands	(37)	(129)	–	–	PDF p. 88
Total equitySingapore dollars thousands	42,875	25,671	44,690	25,270	PDF p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Group changes in equity — FY2024 source / ending 2024

10 metrics

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Group changes in equity — FY2024 source / ending 2024 from ANNUAL REPORT 2026
Metric / unit	2024GroupShare capital	2024GroupTreasury shares	2024GroupAccumulated profits	2024GroupForeign currency translation reserve	2024GroupMerger reserve	2024GroupOther reserves	2024GroupEquity attributable to equity holders of the Company	2024GroupNon-controlling interests	2024GroupTotal equity	Source
2024
At 1.7.2023Singapore dollars thousands	43,743	(152)	(10,557)	32	(7,305)	39	25,800	(129)	25,671	PDF p. 89
Group changes in equity — FY2024 source / ending 2024
Profit for the financial yearSingapore dollars thousands	–	–	6,513	–	–	–	6,513	91	6,604	PDF p. 89
Foreign currency translation (loss)/gain, net of tax (Note 23)Singapore dollars thousands	–	–	–	(2)	–	–	(2)	1	(1)	PDF p. 89 Label p. 89
Total comprehensive
Total comprehensive income/(loss) for the financial yearSingapore dollars thousands	–	–	6,513	(2)	–	–	6,511	92	6,603	PDF p. 89 Label p. 89
Issuance of ordinary shares via right issue (Note 22)Singapore dollars thousands	10,415	–	–	–	–	–	10,415	–	10,415	PDF p. 89 Label p. 89
Share issue expense (Note 22)Singapore dollars thousands	(150)	–	–	–	–	–	(150)	–	(150)	PDF p. 89
Equity-settled share-based payment vested (Note 22)Singapore dollars thousands	313	–	–	–	–	(313)	–	–	–	PDF p. 89 Label p. 89
Equity-settled share-based payment (Note 7)Singapore dollars thousands	–	–	–	–	–	336	336	–	336	PDF p. 89 Label p. 89
Total transactions with equity holders of the CompanySingapore dollars thousands	10,578	–	–	–	–	23	10,601	–	10,601	PDF p. 89 Label p. 89
Balance at 30.6.2024Singapore dollars thousands	54,321	(152)	(4,044)	30	(7,305)	62	42,912	(37)	42,875	PDF p. 89

Definitions & sources

Original report: PDF p. 89 ↗

Group changes in equity — FY2024 source / ending 2023

8 metrics

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Group changes in equity — FY2024 source / ending 2023 from ANNUAL REPORT 2026
Metric / unit	2023GroupShare capital	2023GroupTreasury shares	2023GroupAccumulated profits	2023GroupForeign currency translation reserve	2023GroupMerger reserve	2023GroupOther reserves	2023GroupEquity attributable to equity holders of the Company	2023GroupNon-controlling interests	2023GroupTotal equity	Source
2023
At 1.7.2022Singapore dollars thousands	43,743	(152)	(11,962)	33	(7,338)	(60)	24,264	(3,344)	20,920	PDF p. 90
Group changes in equity — FY2024 source / ending 2023
Profit/(loss) for the financial yearSingapore dollars thousands	–	–	1,405	–	–	–	1,405	(260)	1,145	PDF p. 90
Foreign currency translation (loss)/gain, net of tax (Note 23)Singapore dollars thousands	–	–	–	(1)	–	–	(1)	1	–	PDF p. 90 Label p. 90
Total comprehensive
Total comprehensive income/(loss) for the financial yearSingapore dollars thousands	–	–	1,405	(1)	–	–	1,404	(259)	1,145	PDF p. 90 Label p. 90
Disposal of subsidiariesSingapore dollars thousands	–	–	–	–	33	(29)	4	3,474	3,478	PDF p. 90
Equity-settled share-based payment (Note 7)Singapore dollars thousands	–	–	–	–	–	128	128	–	128	PDF p. 90 Label p. 90
Total transactions with equity holders of the CompanySingapore dollars thousands	–	–	–	–	33	99	132	3,474	3,606	PDF p. 90 Label p. 90
Balance at 30.6.2023Singapore dollars thousands	43,743	(152)	(10,557)	32	(7,305)	39	25,800	(129)	25,671	PDF p. 90

Definitions & sources

Original report: PDF p. 90 ↗

Group cash flows — FY2024 source / page 91

24 metrics

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Group cash flows — FY2024 source / page 91 from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	Source
Cash flows from operating activities
Profit before taxSingapore dollars thousands	7,315	488	PDF p. 91
Adjustments for:
Amortisation of intangible assetsSingapore dollars thousands	136	287	PDF p. 91
Depreciation of property, plant and equipmentSingapore dollars thousands	3,101	3,381	PDF p. 91
Gain on disposal of property, plant and equipment (net)Singapore dollars thousands	(41)	(23)	PDF p. 91
Impairment loss on receivables and contract assetsSingapore dollars thousands	1,723	775	PDF p. 91
Interest incomeSingapore dollars thousands	(261)	(116)	PDF p. 91
Interest expenseSingapore dollars thousands	2,192	1,918	PDF p. 91
Bad debts written backSingapore dollars thousands	(24)	(38)	PDF p. 91
Inventories written offSingapore dollars thousands	159	–	PDF p. 91
Property, plant and equipment written offSingapore dollars thousands	8	–	PDF p. 91
Gain on lease modificationSingapore dollars thousands	(32)	–	PDF p. 91
Equity-settled share based paymentsSingapore dollars thousands	336	128	PDF p. 91
Gain on disposal of subsidiary(ies) (Notes A and B)Singapore dollars thousands	(3,285)	(2,447)	PDF p. 91
Fair value gain on other investments, netSingapore dollars thousands	(1,208)	–	PDF p. 91
Operating profit before working capital changesSingapore dollars thousands	10,119	4,353	PDF p. 91
Contract assetsSingapore dollars thousands	(6,479)	(12,595)	PDF p. 91
Contract liabilitiesSingapore dollars thousands	(630)	1,494	PDF p. 91
Trade and other receivablesSingapore dollars thousands	(5,872)	(14,528)	PDF p. 91
Trade and other payablesSingapore dollars thousands	8,992	10,851	PDF p. 91
InventoriesSingapore dollars thousands	35	(30)	PDF p. 91
Cash generated from/(used in) operationsSingapore dollars thousands	6,165	(10,455)	PDF p. 91
Interest receivedSingapore dollars thousands	261	116	PDF p. 91
Tax paidSingapore dollars thousands	(28)	(3)	PDF p. 91
Net cash generated from/(used in) operating activitiesSingapore dollars thousands	6,398	(10,342)	PDF p. 91

Definitions & sources

Original report: PDF p. 91 ↗

Group cash flows — FY2024 source / page 92

17 metrics

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Group cash flows — FY2024 source / page 92 from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	Source
Cash flows from investing activities
Additions to intangible assets (Note 13)Singapore dollars thousands	(4)	(80)	PDF p. 92
Purchases of property, plant and equipment (Note 10)Singapore dollars thousands	(1,170)	(1,101)	PDF p. 92
Proceeds from disposal of property, plant and equipment and asset held for saleSingapore dollars thousands	131	95	PDF p. 92
Net cash outflow on disposal of a subsidiary (Note A)Singapore dollars thousands	(7)	–	PDF p. 92
Net cash used in investing activitiesSingapore dollars thousands	(1,050)	(1,086)	PDF p. 92
Cash flows from financing activities
Proceeds from issuance of ordinary sharesSingapore dollars thousands	10,415	–	PDF p. 92
Share issue expensesSingapore dollars thousands	(150)	–	PDF p. 92
Withdrawal/(placement) of fixed deposits pledged to bankSingapore dollars thousands	996	(2,539)	PDF p. 92
Drawdown of borrowingsSingapore dollars thousands	49,698	43,669	PDF p. 92
Repayment of borrowingsSingapore dollars thousands	(56,710)	(41,056)	PDF p. 92
Repayment of lease liabilitiesSingapore dollars thousands	(1,353)	(1,257)	PDF p. 92
Due to directors (non-trade)Singapore dollars thousands	(240)	89	PDF p. 92
Interest paidSingapore dollars thousands	(2,194)	(1,823)	PDF p. 92
Net cash generated from/(used in) financing activitiesSingapore dollars thousands	462	(2,917)	PDF p. 92
Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands	5,810	(14,345)	PDF p. 92
Cash and cash equivalents at beginning of financial yearSingapore dollars thousands	1,766	16,111	PDF p. 92
Cash and cash equivalents at end of financial yearSingapore dollars thousands	7,576	1,766	PDF p. 92

Definitions & sources

Original report: PDF p. 92 ↗

Cash and cash equivalents reconciliation — FY2024 source

6 metrics

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Cash and cash equivalents reconciliation — FY2024 source from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	Source
Cash and cash equivalents reconciliation — FY2024 source
Cash in hand and at bank (Note 18)Singapore dollars thousands	7,740	2,632	PDF p. 92
Fixed deposits (Note 18)Singapore dollars thousands	3,171	4,167	PDF p. 92
SubtotalSingapore dollars thousands	10,911	6,799	PDF p. 92
Less: Fixed deposits pledged (Note 18)Singapore dollars thousands	(3,171)	(4,167)	PDF p. 92
Less: Bank overdrafts (Note 19)Singapore dollars thousands	(164)	(866)	PDF p. 92
SubtotalSingapore dollars thousands	7,576	1,766	PDF p. 92

Definitions & sources

Original report: PDF p. 92 ↗

Historical basic EPS inputs

3 metrics

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Historical basic EPS inputs from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	Source
Historical basic EPS inputs
Earnings attributable to equity holders of the CompanySingapore dollars thousands	6,513	1,405	PDF p. 110
Weighted-average number of ordinary shares in issueordinary shares thousands	695,941	497,830	PDF p. 110
Basic earnings per share (cents)Singapore cents per share	0.94	0.28	PDF p. 110

Definitions & sources

Original report: PDF p. 110 ↗

Group comprehensive income — FY2023 source

23 metrics

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Group comprehensive income — FY2023 source from ANNUAL REPORT 2026
Metric / unit	2023Group	2022Group / restated	Source
Group comprehensive income — FY2023 source
RevenueSingapore dollars thousands	110,400	96,483	PDF p. 83
Cost of salesSingapore dollars thousands	(99,338)	(92,054)	PDF p. 83
Gross profitSingapore dollars thousands	11,062	4,429	PDF p. 83
Other incomeSingapore dollars thousands	4,627	6,780	PDF p. 83
Marketing and distribution expensesSingapore dollars thousands	(814)	(985)	PDF p. 83
General and administrative expensesSingapore dollars thousands	(11,278)	(12,095)	PDF p. 83
Finance costsSingapore dollars thousands	(2,297)	(1,722)	PDF p. 83
Impairment loss on receivables and contract assetsSingapore dollars thousands	(568)	(9,770)	PDF p. 83
Other operating expensesSingapore dollars thousands	(244)	(1,437)	PDF p. 83
Share of results of associateSingapore dollars thousands	–	19	PDF p. 83
Profit/(loss) before taxSingapore dollars thousands	488	(14,781)	PDF p. 83
Tax creditSingapore dollars thousands	657	684	PDF p. 83
Profit/(loss) for the financial yearSingapore dollars thousands	1,145	(14,097)	PDF p. 83
Other comprehensive income
Items that are or may be reclassified subsequently to profit or loss: Foreign currency translation gainSingapore dollars thousands	–	55	PDF p. 83 Label p. 83
Items that are or may be reclassified subsequently to profit or loss:
Other comprehensive income for the financial year, net of taxSingapore dollars thousands	–	55	PDF p. 83
Total comprehensive income/(loss) for the financial yearSingapore dollars thousands	1,145	(14,042)	PDF p. 83
Profit/(loss) attributable to:
Profit/(loss) attributable to: Equity holders of the CompanySingapore dollars thousands	1,405	(13,244)	PDF p. 83 Label p. 83
Non-controlling interestsSingapore dollars thousands	(260)	(853)	PDF p. 83
SubtotalSingapore dollars thousands	1,145	(14,097)	PDF p. 83
Total comprehensive income/(loss) attributable to:
Total comprehensive income/(loss) attributable to: Equity holders of the CompanySingapore dollars thousands	1,404	(13,190)	PDF p. 83 Label p. 83
Non-controlling interestsSingapore dollars thousands	(259)	(852)	PDF p. 83
SubtotalSingapore dollars thousands	1,145	(14,042)	PDF p. 83
Earnings/(loss) per share attributable to equity holders of the Company
Earnings/(loss) per share attributable to equity holders of the Company Basic and diluted (cents)Singapore cents per share	0.28	(2.65)	PDF p. 83 Label p. 83

Definitions & sources

Original report: PDF p. 83 ↗

Original FY2022 Group comparatives and opening 1 July 2021 balance sheet are restated. Date 1 July 2021 is an opening position, not FY2021 annual results. Original prior-year adjustment and previously stated/restated equity balances retained. Company comparative bases follow their printed headers. Group equity component order differs from newer reports and is retained exactly.

Group and Company financial position — FY2023 source

36 metrics

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Group and Company financial position — FY2023 source from ANNUAL REPORT 2026
Metric / unit	2023Group	2022Group / restated	2021Group / opening1July2021 / restated	2023Company	2022Company	2021Company / opening1July2021	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	21,525	25,282	28,963	–	–	–	PDF p. 84
GoodwillSingapore dollars thousands	1,662	1,662	6,896	–	–	–	PDF p. 84
Intangible assetsSingapore dollars thousands	210	533	2,303	18	81	156	PDF p. 84
Other investmentsSingapore dollars thousands	3,467	–	7,980	3,467	–	7,980	PDF p. 84
Investment in subsidiariesSingapore dollars thousands	–	–	–	25,636	25,450	36,418	PDF p. 84
Investment in associateSingapore dollars thousands	–	–	48	–	–	–	PDF p. 84
Deferred tax assetsSingapore dollars thousands	1,098	700	–	–	–	–	PDF p. 84
Total non-current assetsSingapore dollars thousands	27,962	28,177	46,190	29,121	25,531	44,554	PDF p. 84
Current assets
Contract assetsSingapore dollars thousands	36,064	23,608	22,454	–	–	–	PDF p. 84
Asset held for saleSingapore dollars thousands	–	–	348	–	–	265	PDF p. 84
InventoriesSingapore dollars thousands	194	254	677	–	–	–	PDF p. 84
Trade and other receivablesSingapore dollars thousands	29,875	22,053	34,401	6,852	7,369	20,184	PDF p. 84
Cash and bank balancesSingapore dollars thousands	6,799	18,620	15,493	266	4,636	666	PDF p. 84
Tax recoverableSingapore dollars thousands	112	109	65	–	–	–	PDF p. 84
Total current assetsSingapore dollars thousands	73,044	64,644	73,438	7,118	12,005	21,115	PDF p. 84
Total assetsSingapore dollars thousands	101,006	92,821	119,628	36,239	37,536	65,669	PDF p. 84
Non-current liabilities
BorrowingsSingapore dollars thousands	13,543	17,960	16,923	1,686	2,267	–	PDF p. 84
Deferred tax liabilitiesSingapore dollars thousands	105	579	578	4	4	4	PDF p. 84
Lease liabilitiesSingapore dollars thousands	3,305	3,740	4,748	–	–	–	PDF p. 84
Total non-current liabilitiesSingapore dollars thousands	16,953	22,279	22,249	1,690	2,271	4	PDF p. 84
Current liabilities
Contract liabilitiesSingapore dollars thousands	2,265	2,590	3,518	–	–	–	PDF p. 84
Trade and other payablesSingapore dollars thousands	24,337	22,224	28,573	2,980	409	6,136	PDF p. 84
BorrowingsSingapore dollars thousands	30,597	23,520	28,462	6,299	7,094	8,600	PDF p. 84
Lease liabilitiesSingapore dollars thousands	1,183	1,288	1,775	–	–	–	PDF p. 84
Total current liabilitiesSingapore dollars thousands	58,382	49,622	62,328	9,279	7,503	14,736	PDF p. 84
Total liabilitiesSingapore dollars thousands	75,335	71,901	84,577	10,969	9,774	14,740	PDF p. 84
Net assetsSingapore dollars thousands	25,671	20,920	35,051	25,270	27,762	50,929	PDF p. 84
Share capital and reserves
Share capitalSingapore dollars thousands	43,743	43,743	43,743	43,743	43,743	43,743	PDF p. 84
Current liabilities
Treasury sharesSingapore dollars thousands	(152)	(152)	(3)	(152)	(152)	(3)	PDF p. 84
Accumulated (losses)/profitsSingapore dollars thousands	(10,557)	(11,962)	1,282	(18,467)	(15,847)	7,171	PDF p. 84
Foreign currency translation reserveSingapore dollars thousands	32	33	(21)	–	–	–	PDF p. 84
Merger reserveSingapore dollars thousands	(7,305)	(7,338)	(7,338)	–	–	–	PDF p. 84
Other reservesSingapore dollars thousands	39	(60)	(89)	146	18	18	PDF p. 84
Equity attributable to equity holders of the CompanySingapore dollars thousands	25,800	24,264	37,574	25,270	27,762	50,929	PDF p. 84 Label p. 84
Non-controlling interestsSingapore dollars thousands	(129)	(3,344)	(2,523)	–	–	–	PDF p. 84
Total equitySingapore dollars thousands	25,671	20,920	35,051	25,270	27,762	50,929	PDF p. 84

Definitions & sources

Original report: PDF p. 84 ↗

Group changes in equity — FY2023 source / ending 2023

9 metrics

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Group changes in equity — FY2023 source / ending 2023 from ANNUAL REPORT 2026
Metric / unit	2023GroupShare capital	2023GroupAccumulated losses	2023GroupMerger reserve	2023GroupTreasury shares	2023GroupForeign currency translation reserve	2023GroupOther reserves	2023GroupEquity attributable to equity holders of the Company	2023GroupNon-controlling interests	2023GroupTotal equity	Source
2023
At 1.7.2022, as restatedSingapore dollars thousands	43,743	(11,962)	(7,338)	(152)	33	(60)	24,264	(3,344)	20,920	PDF p. 85
Group changes in equity — FY2023 source / ending 2023
Profit/(loss) for the financial yearSingapore dollars thousands	–	1,405	–	–	–	–	1,405	(260)	1,145	PDF p. 85
Foreign currency translation (loss)/gain, net of tax (Note 26)Singapore dollars thousands	–	–	–	–	(1)	–	(1)	1	–	PDF p. 85 Label p. 85
Total comprehensive
Total comprehensive income/(loss) for the financial yearSingapore dollars thousands	–	1,405	–	–	(1)	–	1,404	(259)	1,145	PDF p. 85 Label p. 85
Changes in ownership interest in subsidiary Disposal of subsidiariesSingapore dollars thousands	–	–	33	–	–	(29)	4	–	4	PDF p. 85 Label p. 85
Elimination of non-controlling interest at disposalSingapore dollars thousands	–	–	–	–	–	–	–	3,474	3,474	PDF p. 85 Label p. 85
Equity-settled share-based payment (Note 7)Singapore dollars thousands	–	–	–	–	–	128	128	–	128	PDF p. 85 Label p. 85
Total transactions with equity holders of the CompanySingapore dollars thousands	–	–	33	–	–	99	132	3,474	3,606	PDF p. 85 Label p. 85
Balance at 30.6.2023Singapore dollars thousands	43,743	(10,557)	(7,305)	(152)	32	39	25,800	(129)	25,671	PDF p. 85

Definitions & sources

Original report: PDF p. 85 ↗

Group changes in equity — FY2023 source / ending 2022

10 metrics

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Group changes in equity — FY2023 source / ending 2022 from ANNUAL REPORT 2026
Metric / unit	2022Group / restatedShare capital	2022Group / restatedAccumulated losses	2022Group / restatedMerger reserve	2022Group / restatedTreasury shares	2022Group / restatedForeign currency translation reserve	2022Group / restatedOther reserves	2022Group / restatedEquity attributable to equity holders of the Company	2022Group / restatedNon-controlling interests	2022Group / restatedTotal equity	Source
2022
At 1.7.2021, as previously statedSingapore dollars thousands	43,743	(1,637)	(7,338)	(3)	(21)	(89)	34,655	(2,266)	32,389	PDF p. 86
Group changes in equity — FY2023 source / ending 2022
Prior year adjustment (Note 33)Singapore dollars thousands	–	2,919	–	–	–	–	2,919	(257)	2,662	PDF p. 86
At 1.7.2021, as restatedSingapore dollars thousands	43,743	1,282	(7,338)	(3)	(21)	(89)	37,574	(2,523)	35,051	PDF p. 86
Loss for the financial yearSingapore dollars thousands	–	(13,244)	–	–	–	–	(13,244)	(853)	(14,097)	PDF p. 86
Other comprehensive income
Foreign currency translation gain, net of tax (Note 26)Singapore dollars thousands	–	–	–	–	54	–	54	1	55	PDF p. 86 Label p. 86
Total comprehensive
Total comprehensive (loss)/income for the financial yearSingapore dollars thousands	–	(13,244)	–	–	54	–	(13,190)	(852)	(14,042)	PDF p. 86 Label p. 86
Contributions by and distributions
to equity holders Purchase of treasury shares (Note 25(b))Singapore dollars thousands	–	–	–	(149)	–	–	(149)	–	(149)	PDF p. 86 Label p. 86
Share-based payment to non-controlling interestSingapore dollars thousands	–	–	–	–	–	29	29	31	60	PDF p. 86 Label p. 86
Total transactions with equity holders of the CompanySingapore dollars thousands	–	–	–	(149)	–	29	(120)	31	(89)	PDF p. 86 Label p. 86
At 30.6.2022, as restatedSingapore dollars thousands	43,743	(11,962)	(7,338)	(152)	33	(60)	24,264	(3,344)	20,920	PDF p. 86

Definitions & sources

Original report: PDF p. 86 ↗

Group cash flows — FY2023 source / page 87

30 metrics

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Group cash flows — FY2023 source / page 87 from ANNUAL REPORT 2026
Metric / unit	2023Group	2022Group / restated	Source
Cash flows from operating activities
Profit/(loss) before taxSingapore dollars thousands	488	(14,781)	PDF p. 87
Adjustments for:
Amortisation of intangible assetsSingapore dollars thousands	287	404	PDF p. 87
Depreciation of property, plant and equipmentSingapore dollars thousands	3,381	4,309	PDF p. 87
(Gain)/loss on disposal of property, plant and equipment (net)Singapore dollars thousands	(23)	54	PDF p. 87
Impairment loss on receivables and contract assetsSingapore dollars thousands	775	9,770	PDF p. 87
Interest incomeSingapore dollars thousands	(116)	(108)	PDF p. 87
Interest expenseSingapore dollars thousands	2,227	1,677	PDF p. 87
Property, plant and equipment written offSingapore dollars thousands	–	59	PDF p. 87
Share of results of associateSingapore dollars thousands	–	(19)	PDF p. 87
Bargain purchase from acquisition of a businessSingapore dollars thousands	–	(21)	PDF p. 87
Impairment loss on intangible assetsSingapore dollars thousands	–	550	PDF p. 87
Intangible assets written offSingapore dollars thousands	–	545	PDF p. 87
Bad debts written backSingapore dollars thousands	(38)	(13)	PDF p. 87
Inventories written offSingapore dollars thousands	–	83	PDF p. 87
Gain on disposal of other investmentsSingapore dollars thousands	–	(3,775)	PDF p. 87
Gain on lease modificationSingapore dollars thousands	–	(59)	PDF p. 87
Equity-settled share-based paymentsSingapore dollars thousands	128	60	PDF p. 87
Loss on disposal of associates, netSingapore dollars thousands	–	25	PDF p. 87
Gain on disposal of subsidiaries (Note A)Singapore dollars thousands	(2,447)	(216)	PDF p. 87
Gain on derecognition of a subsidiarySingapore dollars thousands	–	(997)	PDF p. 87
Operating profit/(loss) before working capital changesSingapore dollars thousands	4,662	(2,453)	PDF p. 87
Contract assetsSingapore dollars thousands	(12,595)	(5,429)	PDF p. 87
Contract liabilitiesSingapore dollars thousands	1,494	(928)	PDF p. 87
Trade and other receivablesSingapore dollars thousands	(14,528)	4,867	PDF p. 87
Trade and other payablesSingapore dollars thousands	10,851	(1,734)	PDF p. 87
InventoriesSingapore dollars thousands	(30)	340	PDF p. 87
Cash used in operationsSingapore dollars thousands	(10,146)	(5,337)	PDF p. 87
Interest receivedSingapore dollars thousands	116	108	PDF p. 87
Tax paidSingapore dollars thousands	(3)	(8)	PDF p. 87
Net cash used in operating activitiesSingapore dollars thousands	(10,033)	(5,237)	PDF p. 87

Definitions & sources

Original report: PDF p. 87 ↗

Group cash flows — FY2023 source / page 88

19 metrics

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Group cash flows — FY2023 source / page 88 from ANNUAL REPORT 2026
Metric / unit	2023Group	2022Group / restated	Source
Cash flows from investing activities
Additions to intangible assetsSingapore dollars thousands	(80)	(14)	PDF p. 88
Purchases of property, plant and equipment (Note 10)Singapore dollars thousands	(1,101)	(776)	PDF p. 88
Proceeds from disposal of property, plant and equipment and asset held for saleSingapore dollars thousands	95	493	PDF p. 88
Proceeds from disposal of other investmentsSingapore dollars thousands	–	11,755	PDF p. 88
Proceeds from disposal of associatesSingapore dollars thousands	–	390	PDF p. 88
Net cash inflow from disposal and derecognition of subsidiaries (net) (Note A, B and C)Singapore dollars thousands	–	4,284	PDF p. 88
Net cash outflow for acquisition of a subsidiary (Note D)Singapore dollars thousands	–	(33)	PDF p. 88
Net cash (used in)/generated from investing activitiesSingapore dollars thousands	(1,086)	16,099	PDF p. 88
Cash flows from financing activities
(Placement)/withdrawal of fixed deposits pledged to bankSingapore dollars thousands	(2,539)	522	PDF p. 88
Drawdown of borrowingsSingapore dollars thousands	43,669	27,496	PDF p. 88
Repayment of borrowingsSingapore dollars thousands	(41,056)	(32,156)	PDF p. 88
Repayment of lease liabilitiesSingapore dollars thousands	(1,257)	(1,940)	PDF p. 88
Purchase of treasury sharesSingapore dollars thousands	–	(149)	PDF p. 88
Due to directors (non-trade)Singapore dollars thousands	89	(100)	PDF p. 88
Interest paidSingapore dollars thousands	(2,132)	(1,580)	PDF p. 88
Net cash used in financing activitiesSingapore dollars thousands	(3,226)	(7,907)	PDF p. 88
Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands	(14,345)	2,955	PDF p. 88
Cash and cash equivalents at beginning of financial yearSingapore dollars thousands	16,111	13,156	PDF p. 88
Cash and cash equivalents at end of financial yearSingapore dollars thousands	1,766	16,111	PDF p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Cash and cash equivalents reconciliation — FY2023 source

6 metrics

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Cash and cash equivalents reconciliation — FY2023 source from ANNUAL REPORT 2026
Metric / unit	2023Group	2022Group / restated	Source
Cash and cash equivalents reconciliation — FY2023 source
Cash in hand and at bank (Note 21)Singapore dollars thousands	2,632	11,780	PDF p. 88
Fixed deposits (Note 21)Singapore dollars thousands	4,167	6,840	PDF p. 88
SubtotalSingapore dollars thousands	6,799	18,620	PDF p. 88
Less: Fixed deposits pledged (Note 21)Singapore dollars thousands	(4,167)	(1,628)	PDF p. 88
Less: Bank overdrafts (Note 22)Singapore dollars thousands	(866)	(881)	PDF p. 88
SubtotalSingapore dollars thousands	1,766	16,111	PDF p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Comparative restatement — FY2022 comprehensive income

7 metrics

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Comparative restatement — FY2022 comprehensive income from ANNUAL REPORT 2026
Metric / unit	2022GroupAs previously reported	2022GroupAdjustment	2022GroupAs restated	Source
Consolidated statement of comprehensive income
RevenueSingapore dollars thousands	99,878	(3,395)	96,483	PDF p. 149
Group
General and administrative expensesSingapore dollars thousands	(12,460)	365	(12,095)	PDF p. 149
Loss before taxSingapore dollars thousands	(11,751)	(3,030)	(14,781)	PDF p. 149
Loss attributable to: Equity holders of the CompanySingapore dollars thousands	(9,954)	(3,290)	(13,244)	PDF p. 149 Label p. 149
Non-controlling interestSingapore dollars thousands	(1,113)	260	(853)	PDF p. 149
Total comprehensive loss attributable to:
Total comprehensive loss attributable to: Equity holders of the CompanySingapore dollars thousands	(9,900)	(3,290)	(13,190)	PDF p. 149 Label p. 149
Non-controlling interestsSingapore dollars thousands	(1,112)	260	(852)	PDF p. 149

Definitions & sources

Original report: PDF p. 149 ↗

Comparative restatement — FY2022 financial position/equity/cash flows

12 metrics

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Comparative restatement — FY2022 financial position/equity/cash flows from ANNUAL REPORT 2026
Metric / unit	2022GroupAs previously reported	2022GroupAdjustment	2022GroupAs restated	Source
Current assets
Contract assetsSingapore dollars thousands	23,553	55	23,608	PDF p. 150
Current liabilities
Contract liabilitiesSingapore dollars thousands	1,875	715	2,590	PDF p. 150
Trade and other payablesSingapore dollars thousands	22,516	(292)	22,224	PDF p. 150
Share capital and reserves
Accumulated lossesSingapore dollars thousands	(11,591)	(371)	(11,962)	PDF p. 150
Current liabilities
Non-controlling interestsSingapore dollars thousands	(3,347)	3	(3,344)	PDF p. 150
Consolidated statement of changes in equity
Accumulated lossesSingapore dollars thousands	(11,591)	(371)	(11,962)	PDF p. 150
Current liabilities
Non-controlling interestsSingapore dollars thousands	(3,347)	3	(3,344)	PDF p. 150
Cash flow from operating activities
Loss before taxSingapore dollars thousands	(11,751)	(3,030)	(14,781)	PDF p. 150
Current liabilities
Operating profit/(loss) before working capital changesSingapore dollars thousands	577	(3,030)	(2,453)	PDF p. 150
Contract assetsSingapore dollars thousands	(10,475)	5,046	(5,429)	PDF p. 150
Contract liabilitiesSingapore dollars thousands	363	(1,291)	(928)	PDF p. 150
Trade and other payablesSingapore dollars thousands	(1,009)	(725)	(1,734)	PDF p. 150

Definitions & sources

Original report: PDF p. 150 ↗

Comparative restatement — opening financial position/equity at1July2021

7 metrics

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Comparative restatement — opening financial position/equity at1July2021 from ANNUAL REPORT 2026
Metric / unit	2021Group / opening at1July2021As previously reported	2021Group / opening at1July2021Adjustment	2021Group / opening at1July2021As restated	Source
Current assets
Contract assetsSingapore dollars thousands	17,354	5,100	22,454	PDF p. 150
Current liabilities
Contract liabilitiesSingapore dollars thousands	1,512	2,006	3,518	PDF p. 150
Trade and other payablesSingapore dollars thousands	28,141	432	28,573	PDF p. 150
Share capital and reserves
Accumulated (losses)/profitsSingapore dollars thousands	(1,637)	2,919	1,282	PDF p. 150
Current liabilities
Non-controlling interestsSingapore dollars thousands	(2,266)	(257)	(2,523)	PDF p. 150
Consolidated statement of changes in equity
Accumulated (losses)/profitsSingapore dollars thousands	(1,637)	2,919	1,282	PDF p. 150
Current liabilities
Non-controlling interestsSingapore dollars thousands	(2,266)	(257)	(2,523)	PDF p. 150

Definitions & sources

Original report: PDF p. 150 ↗

Where the money comes from

Segment information

By business

Segment information 2026 (Note 30) 10 lines

Segment information 2026 (Note 30)
Item / unit	2026R&R, $'000	2026A&A, $'000	2026C&P, $'000	2026Others, $'000	2026Total, $'000	Source
Segment information 2026
Segment revenue$'000	23,432	46,646	13,673	21,997	105,748	PDF p. 140
Segment profits$'000	3,019	4,618	1,127	1,216	9,980	PDF p. 140
Segment assets$'000	16,345	38,500	12,614	27,103	94,562	PDF p. 140
Segment liabilities$'000	2,059	100	4,060	14,450	20,669	PDF p. 140
Other segments items
Share based compensation$'000	–	–	–	–	776	PDF p. 140
Fair value gain of derivative financial instruments$'000	–	–	–	678	678	PDF p. 140
Capital expenditure-property, plant and equipment$'000	–	–	–	–	1,957	PDF p. 140
Depreciation of property, plant and equipment$'000	–	–	–	–	2,144	PDF p. 140
Amortisation of intangible assets$'000	–	–	–	–	31	PDF p. 140
Impairment loss on receivables and contract assets$'000	–	–	69	–	69	PDF p. 140

Notes

Blank strings denote cells not printed (reconciling items shown only in Total column).

Fair value gain row label wraps over two lines in source; quote joined.

Segment information 2025 (Note 30) 9 lines

Segment information 2025 (Note 30)
Item / unit	2025R&R, $'000	2025A&A, $'000	2025C&P, $'000	2025Others, $'000	2025Total, $'000	Source
Segment information 2025
Segment revenue$'000	28,779	56,526	14,876	19,027	119,208	PDF p. 141
Segment profits$'000	3,504	4,187	1,013	987	9,691	PDF p. 141
Segment assets$'000	16,658	33,871	12,678	18,738	81,945	PDF p. 141
Segment liabilities$'000	3,145	191	4,525	18,644	26,505	PDF p. 141
Other segments items
Share based compensation$'000	–	–	–	–	552	PDF p. 141
Capital expenditure-property, plant and equipment$'000	–	–	–	–	727	PDF p. 141
Depreciation of property, plant and equipment$'000	–	–	–	–	2,917	PDF p. 141
Amortisation of intangible assets$'000	–	–	–	–	49	PDF p. 141
Impairment loss on receivables and contract assets$'000	–	–	–	105	105	PDF p. 141

Notes

Blank strings denote cells not printed (reconciling items shown only in Total column).

Segment performance is measured differently from net profit before tax; interest income and finance costs are not allocated to segments.

Debt

Borrowings

Remaining contractual maturities of borrowings

Remaining contractual maturities of borrowings
Item / unit	2026Group, $'000	2025Group, $'000	2026Company, $'000	2025Company, $'000	Source
Maturities of borrowings
Within 1 year$'000	29,397	36,574	9,452	15,002	PDF p. 122
Within 2 to 5 years$'000	4,677	3,863	2,653	442	PDF p. 122
Over 5 years$'000	5,085	3,813	–	–	PDF p. 122
Total maturities$'000	39,159	44,250	12,105	15,444	PDF p. 122

Notes

Total row has no printed label.

Liquidity risk – Group undiscounted maturity (borrowings and lease liabilities), At 30 June 2026

Liquidity risk – Group undiscounted maturity (borrowings and lease liabilities), At 30 June 2026 — Group
Item / unit	2026repayable on demand or within 1 year, $'000	2026within 2 to 5 years, $'000	2026over 5 years, $'000	2026total, $'000	Source
Group At 30 June 2026
Lease liabilities$'000	801	1,741	1,986	4,528	PDF p. 137
Borrowings$'000	29,703	5,549	6,572	41,824	PDF p. 137

Notes

Contractual undiscounted repayment obligations of financial liabilities.

Liquidity risk – Group undiscounted maturity, At 30 June 2025

Liquidity risk – Group undiscounted maturity, At 30 June 2025 — Group
Item / unit	2025repayable on demand or within 1 year, $'000	2025within 2 to 5 years, $'000	2025over 5 years, $'000	2025total, $'000	Source
Group At 30 June 2025
Lease liabilities$'000	741	1,573	2,059	4,373	PDF p. 137
Borrowings$'000	36,734	4,568	4,288	45,590	PDF p. 137

Notes

Contractual undiscounted repayment obligations.

Borrowing notes 1 tables

Borrowings

Borrowings
Item / unit	2026Group, $'000	2025Group, $'000	2026Company, $'000	2025Company, $'000	Source
Non-current liabilities
Term loans$'000	7,630	7,676	521	442	PDF p. 121
Redeemable convertible bonds$'000	2,132	–	2,132	–	PDF p. 121
Non-current borrowings subtotal$'000	9,762	7,676	2,653	442	PDF p. 121
Current liabilities
Factoring loan$'000	124	507	–	–	PDF p. 121
Trust receipts*$'000	11,845	14,847	–	–	PDF p. 121
Revolving credit facilities$'000	9,750	6,829	2,700	3,180	PDF p. 121
Term loans$'000	2,618	7,931	1,692	5,362	PDF p. 121
Commercial papers$'000	5,060	6,460	5,060	6,460	PDF p. 121
Current borrowings subtotal$'000	29,397	36,574	9,452	15,002	PDF p. 121
Total borrowings
Total$'000	39,159	44,250	12,105	15,444	PDF p. 121

Notes

*Trust receipts: see page 122 note – $11,845,000 (2025: $14,847,000) under supplier finance arrangements with extended payment terms of 60 to 210 days (2025: 60 to 210 days) vs original terms of 30 to 90 days.

Subtotal rows have no printed label.

Group security: charges over fixed deposits (Note 18); mortgage over Group's leasehold properties (Note 10); first fixed charge over receivables; corporate guarantee from the Company; corporate guarantee by subsidiary. Fixed deposits of $2,332,000 (2025: $3,174,000) pledged; cash collateral $375,000 (2025: $Nil).

Group interest: term loans included $Nil (2025: $600,000) at fixed Nil% (2025: 10.00%); other borrowings floating 2.87% to 6.21% (2025: 3.31% to 6.90%) per annum.

Company: all borrowings floating 3.84% to 4.58% (2025: 4.50% to 6.90%) except term loan $Nil (2025: $600,000) at Nil% (2025: 10.00%) and $2,213,000 (2025: $4,125,000) at floating 4.41% to 5.25% (2025: 5.10% to 7.13%).

Commercial papers unsecured, 3.85% per annum, matured September 2026. Convertible bonds $3.0 million issued 19 Sep 2025, unsecured, 4% per annum, three-year tenure, conversion price $0.09126 (floor $0.08126). All amounts in Singapore dollars ($).

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Provision 11.6 dividend policy	The Company has adopted a dividend policy whereby the Company shall recommend the distribution of at least 30% of the Company’s consolidated profit after tax and minority interests, excluding non-recurring, one-off and exceptional items, to its shareholders, in respect of future financial years ending 30 June (“FY”).	Company policy	PDF p. 72

Dividends declared and proposed

Item	Value	Period / scope	Source
Final dividend FY2026	0.11 Singapore cents per share	FY2026 proposed final, tax-exempt one tier, per ordinary share; subject to shareholder approval at AGM	PDF p. 72
Final exempt dividend of 0.08 cents (2025: 0.08 cents) per share	0.08 cents per share	FY2025 final exempt dividend, paid in FY2026; per share	PDF p. 127

Extracted from ANNUAL REPORT 2026 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	Baker Tilly TFW LLP	Group	PDF p. 86
Engagement partner	Ng Wei Lun	Group	PDF p. 86
Opinion	In our opinion, the accompanying consolidated financial statements of the Group and the statement of financial position of the Company are properly drawn up	Group and Company	PDF p. 83

Key audit matters

Item	Value	Period / scope	Source
Revenue recognition for service contracts	The Group recognises revenue from service contracts over time by reference to the stage of completion of the contract work.	Group	PDF p. 83

Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow ANNUAL REPORT 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Four official annual reports (FY2023, FY2024, FY2025 and FY2026; 634 pages) support primary comparisons for FY2022–FY2026. The opening balance sheet at 1 July 2021 is separately dated and is not FY2021 annual performance.

Group comprehensive income, Group and Company financial position, Group changes in equity, Group cash flows and cash composition are retained. This primary set does not disclose separate Company income, cash-flow or full changes-in-equity statements. Monetary amounts are Singapore dollars thousands unless a row specifies millions, shares, cents or percent.

FY2023 note 33 retrospectively changes revenue recognition from the output/survey-of-work method to the cost-to-cost input method. Before/adjustment/restated bridges cover FY2022 results, position, equity and cash flows, plus the opening position at 1 July 2021.

Later FY2023 comparatives in the FY2024 report reclassify SGD207 thousand between administrative expenses and impairment, and SGD309 thousand in cash-flow interest presentation. Net operating cash changes from (10,033) to (10,342), and net financing cash from (3,226) to (2,917); closing cash remains 1,766. Both reports already show rights-adjusted FY2023 basic EPS of 0.28 cents. Source versions remain distinct; no undocumented cause is inferred.

The latest summary prints FY2023 gross profit margin as 10.1%; exact primary amounts of 11,062 / 110,400 round to 10.0%. The source figure is retained. The source does not state its rounding method.

Company accumulated profits for FY2025 are 12,080 in note 23(c), versus 12,079 in the primary balance sheet (SGD thousands). Both source values are retained, without an invented balancing adjustment or rounding explanation.

Selected notes cover cash, borrowings, other investments, Company accumulated profits, dividends and EPS inputs. Other note tables are not claimed as extracted. Note 14 does not name the VCC/subfund or debt-security issuer.

The FY2026 proposed dividend is 0.11 Singapore cents per share, subject to AGM approval, and is not paid or recognised as a liability at 30 June 2026. The printed 30% payout uses NPAT excluding non-recurring, one-off and exceptional items. Cash dividends paid during FY2026 were SGD635 thousand for the prior FY2025 dividend of 0.08 cents per share.

EPS share denominators are thousands of shares. FY2026 diluted earnings add convertible-bond interest and deduct the derivative fair-value gain; potential bond and performance-share-plan shares increase the denominator. Source return ratios are retained; closing owner equity/Group assets reproduce them, but the source does not specify an average-balance formula.

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