Heptamax 8A1

SGD 0.128 +0.00% +0.00 Updated 2 Nov 2026, 17:14 SGT

Financials

ANNUAL REPORT 2025

Open annual report

Explore the statements

9 tables

Consolidated Statement of Comprehensive Income (profit or loss part)

15 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Comprehensive Income (profit or loss part) from ANNUAL REPORT 2025
Metric / unit	2025Group	2024Group	Source
Income statement
RevenueSGD'000	307	429	PDF p. 61
Other incomeSGD'000	14	10	PDF p. 61
Expenses
- Auditor’s remunerationSGD'000	(91)	(102)	PDF p. 61
- Purchase of materialSGD'000	(160)	(21)	PDF p. 61
- Depreciation of plant and equipmentSGD'000	(1)	(1)	PDF p. 61
- Directors’ feeSGD'000	(85)	(99)	PDF p. 61
- Employee compensationSGD'000	(427)	(406)	PDF p. 61
- Professional feesSGD'000	(653)	(527)	PDF p. 61
- Rental expenses - short-term leasesSGD'000	(12)	(4)	PDF p. 61
- Currency exchange losses – netSGD'000	(9)	(9)	PDF p. 61
- Unwinding interest on shareholder’s loanSGD'000	(39)	-	PDF p. 61
- Other operating expensesSGD'000	(48)	(36)	PDF p. 61
Total expensesSGD'000	(1,525)	(1,205)	PDF p. 61
Income statement
Loss before income taxSGD'000	(1,204)	(766)	PDF p. 61
Net lossSGD'000	(1,204)	(784)	PDF p. 61

Definitions & sources

Original report: PDF p. 61 ↗

*Amount less than SGD1,000.

Consolidated Statement of Comprehensive Income (other comprehensive income, attribution and EPS)

11 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Comprehensive Income (other comprehensive income, attribution and EPS) from ANNUAL REPORT 2025
Metric / unit	2025Group	2024Group	Source
Other comprehensive income: Items that may be reclassified subsequently to profit or loss: Currency exchange difference arising from consolidation
- GainSGD'000	20	13	PDF p. 62
Other comprehensive income: Items that will not reclassified subsequently to profit or loss: Currency exchange difference arising from consolidation
- GainSGD'000	1	-	PDF p. 62
Other comprehensive income
Other comprehensive income, net of taxSGD'000	21	13	PDF p. 62
Total comprehensive lossSGD'000	(1,183)	(771)	PDF p. 62
Net loss attributable to
- Equity holders of the CompanySGD'000	(1,198)	(779)	PDF p. 62
- Non-controlling interestsSGD'000	(6)	(5)	PDF p. 62
SubtotalSGD'000	(1,204)	(784)	PDF p. 62
Total comprehensive loss attributable to
- Equity holders of the CompanySGD'000	(1,178)	(766)	PDF p. 62
- Non-controlling interestsSGD'000	(5)	(5)	PDF p. 62
SubtotalSGD'000	(1,183)	(771)	PDF p. 62
Loss per share attributable to equity holders of the Company
- Basic and diluted losses per shareSGD cents per share	(2.69)	(1.83)	PDF p. 62

Definitions & sources

Original report: PDF p. 62 ↗

Page 62 continues the Consolidated Statement of Comprehensive Income for the financial year ended 31 December 2025.

Balance Sheets - Assets and Liabilities

16 metrics

Units appear below each metric. Scroll to compare years

Balance Sheets - Assets and Liabilities from ANNUAL REPORT 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Current assets
Cash and cash equivalentsSGD'000	453	372	227	110	PDF p. 63
Trade and other receivablesSGD'000	220	378	69	137	PDF p. 63
Other current assetsSGD'000	12	5	7	5	PDF p. 63
Tax recoverableSGD'000	24	-	-	-	PDF p. 63
SubtotalSGD'000	709	755	303	252	PDF p. 63
Non-current assets
Investments in subsidiary corporationsSGD'000	-	-	32	32	PDF p. 63
Plant and equipmentSGD'000	6	3	-	-	PDF p. 63
SubtotalSGD'000	6	3	32	32	PDF p. 63
ASSETS
Total assetsSGD'000	715	758	335	284	PDF p. 63
Current liabilities
Trade and other payablesSGD'000	254	324	91	214	PDF p. 63
Total current liabilities excluding liabilities relating to assets held-for-saleSGD'000	254	324	91	214	PDF p. 63
Liabilities directly associated with disposal group classified as held-for-saleSGD'000	6	-	-	-	PDF p. 63
SubtotalSGD'000	260	324	91	214	PDF p. 63
Non-current liabilities
Shareholder's loanSGD'000	399	-	399	-	PDF p. 63
LIABILITIES
Total liabilitiesSGD'000	659	324	490	214	PDF p. 63
NET ASSETS/ (LIABILITIES)SGD'000	56	434	(155)	70	PDF p. 63

Definitions & sources

Original report: PDF p. 63 ↗

*Amount less than SGD1,000.

Balance Sheets - Equity

6 metrics

Units appear below each metric. Scroll to compare years

Balance Sheets - Equity from ANNUAL REPORT 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
EQUITY - Capital and reserves attributable to equity holders of the Company
Share capitalSGD'000	33,997	33,347	33,997	33,347	PDF p. 64
Accumulated lossesSGD'000	(34,027)	(32,829)	(34,292)	(33,277)	PDF p. 64
Other reservesSGD'000	85	(75)	140	-	PDF p. 64
SubtotalSGD'000	55	443	(155)	70	PDF p. 64
EQUITY
Non-controlling interestsSGD'000	1	(9)	-	-	PDF p. 64
TOTAL EQUITYSGD'000	56	434	(155)	70	PDF p. 64

Definitions & sources

Original report: PDF p. 64 ↗

*Amount less than SGD1,000.

Consolidated Statement of Comprehensive Income (other comprehensive income and attributions)

8 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Comprehensive Income (other comprehensive income and attributions) from ANNUAL REPORT 2025
Metric / unit	2025Group, SGD'000	2024Group, SGD'000	Source
Other comprehensive income: Items that may be reclassified subsequently to profit or loss
- Gain (items that may be reclassified)SGD'000	20	13	PDF p. 62
Other comprehensive income: Items that will not reclassified subsequently to profit or loss
- Gain (items that will not be reclassified)SGD'000	1	-	PDF p. 62
Total
Total comprehensive lossSGD'000	(1,183)	(771)	PDF p. 62
Net loss attributable to
- Equity holders of the Company (net loss)SGD'000	(1,198)	(779)	PDF p. 62
- Non-controlling interests (net loss)SGD'000	(6)	(5)	PDF p. 62
Total comprehensive loss attributable to
- Equity holders of the Company (total comprehensive loss)SGD'000	(1,178)	(766)	PDF p. 62
- Non-controlling interests (total comprehensive loss)SGD'000	(5)	(5)	PDF p. 62
Loss per share attributable to equity holders of the Company
- Basic and diluted losses per shareSGD cents per share	(2.69)	(1.83)	PDF p. 62

Definitions & sources

Original report: PDF p. 62 ↗

Other comprehensive income, net of tax: 21 (2025), 13 (2024) (printed on a separate line with OCR text 'Other comprehensive income, net of tax 21 13').

Net loss (1,204)/(784) is on the preceding page 61.

Consolidated Statement of Changes in Equity - FY2025

8 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Changes in Equity - FY2025 from ANNUAL REPORT 2025
Metric / unit	2025Group, Share capital, SGD'000	2025Group, Accumulated losses, SGD'000	2025Group, Capital reserve, SGD'000	2025Group, Currency translation reserve, SGD'000	2025Group, Total attributable to equity holders of the Company, SGD'000	2025Group, Non-controlling interests, SGD'000	2025Group, Total equity, SGD'000	Source
2025
At 1 January 2025SGD'000	33,347	(32,829)	-	(75)	443	(9)	434	PDF p. 65
Loss for the financial yearSGD'000	-	(1,198)	-	-	(1,198)	(6)	(1,204)	PDF p. 65
Other comprehensive income for the financial yearSGD'000	-	-	-	20	20	1	21	PDF p. 65
Total comprehensive (loss)/income for the financial yearSGD'000	-	(1,198)	-	20	(1,178)	(5)	(1,183)	PDF p. 65
Issuance of new shares (Note 19)SGD'000	650	-	-	-	650	-	650	PDF p. 65
Fair value gain on shareholder’s loan (Note 20)SGD'000	-	-	140	-	140	-	140	PDF p. 65
Total transactions with owners, recognised directly in equitySGD'000	650	-	140	-	790	15	805	PDF p. 65
At 31 December 2025SGD'000	33,997	(34,027)	140	(55)	55	1	56	PDF p. 65

Definitions & sources

Original report: PDF p. 65 ↗

Incorporation of subsidiary row printed with only two values (15 15) in OCR; mapped to NCI and Total equity columns; the cells are as printed, not inferred beyond column placement.

Consolidated Statement of Changes in Equity - FY2024

5 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Changes in Equity - FY2024 from ANNUAL REPORT 2025
Metric / unit	2024Group, Share capital, SGD'000	2024Group, Accumulated losses, SGD'000	2024Group, Capital reserve, SGD'000	2024Group, Currency translation reserve, SGD'000	2024Group, Total attributable to equity holders of the Company, SGD'000	2024Group, Non-controlling interests, SGD'000	2024Group, Total equity, SGD'000	Source
2024
At 1 January 2024SGD'000	33,347	(32,050)	-	(88)	1,209	(4)	1,205	PDF p. 65
Loss for the financial yearSGD'000	-	(779)	-	-	(779)	(5)	(784)	PDF p. 65
Other comprehensive income for the financial yearSGD'000	-	-	-	13	13	-	13	PDF p. 65
Total comprehensive (loss)/income for the financial yearSGD'000	-	(779)	-	13	(766)	(5)	(771)	PDF p. 65
At 31 December 2024SGD'000	33,347	(32,829)	-	(75)	443	(9)	434	PDF p. 65

Definitions & sources

Original report: PDF p. 65 ↗

No Company-level statement of changes in equity was found in the financial statements.

Consolidated Statement of Cash Flows

19 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Cash Flows from ANNUAL REPORT 2025
Metric / unit	2025Group, SGD'000	2024Group, SGD'000	Source
Cash flows from operating activities
Loss before income taxSGD'000	(1,204)	(766)	PDF p. 66
Adjustments for
- Depreciation of plant and equipmentSGD'000	1	1	PDF p. 66
- Unwinding interest on shareholder’s loanSGD'000	39	-	PDF p. 66
- Unrealised currency translation loss, netSGD'000	21	13	PDF p. 66
Cash flows from operating activities
Operating cash flow before working capital (unlabelled subtotal)SGD'000	(1,143)	(760)	PDF p. 66
Change in working capital
- Trade and other receivablesSGD'000	158	9	PDF p. 66
- Other current assetsSGD'000	(6)	89	PDF p. 66
- Other payablesSGD'000	(65)	94	PDF p. 66
Cash flows from operating activities
Cash used in operationsSGD'000	(1,056)	(568)	PDF p. 66
Income tax paidSGD'000	(24)	(72)	PDF p. 66
Net cash used in operating activitiesSGD'000	(1,080)	(632)	PDF p. 66
Cash flows from investing activities
Purchase of plant and equipment, representing net cash used in investing activitiesSGD'000	(4)	(1)	PDF p. 66
Cash flows from financing activities
Contribution from non-controlling interest on incorporation of subsidiary corporationSGD'000	15	-	PDF p. 66
Proceed from issuance of new sharesSGD'000	650	-	PDF p. 66
Proceeds from shareholder’s loanSGD'000	500	-	PDF p. 66
Net cash generated from financing activitiesSGD'000	1,165	-	PDF p. 66
Net change in cash
Net increase/(decrease) in cash and cash equivalentsSGD'000	81	(633)	PDF p. 66
Cash and cash equivalents
Beginning of the financial yearSGD'000	372	1,005	PDF p. 66
End of the financial yearSGD'000	453	372	PDF p. 66

Definitions & sources

Original report: PDF p. 66 ↗

*Amount less than SGD1,000.

Reconciliation of liabilities arising from financing activities: Shareholder’s loan: 1 January 2025 -; Proceeds 500; Principal and interest payments -; Fair value gain on shareholder loan (140); Unwinding interest 39; 31 December 2025 399 (SGD'000).

Only a Group cash flow statement is presented; no Company cash flow statement.

Note 8 Loss per share

3 metrics

Units appear below each metric. Scroll to compare years

Note 8 Loss per share from ANNUAL REPORT 2025
Metric / unit	2025Group	2024Group	Source
Loss per share
Net loss attributable to equity holders of the Company (SGD’000)SGD'000	(1,198)	(779)	PDF p. 84
Weighted average number of ordinary shares outstanding for basic and diluted loss per share ('000)'000 shares	44,594	42,599	PDF p. 84
Basic and diluted loss per share (SGD cents)SGD cents	(2.69)	(1.83)	PDF p. 84

Definitions & sources

Original report: PDF p. 84 ↗

The fully diluted loss per share and basic loss per share are the same because there is no dilutive potential ordinary share.

Where the money comes from

Segment information

By business

Segment information 2024 (SGD'000) 10 lines

Segment information 2024 (SGD'000)
Item / unit	2024China	2024Malaysia	2024All other segments	2024Total	Source
2024
Revenue – sales to external partiesSGD'000	-	429	-	429	PDF p. 104
Expenses
Purchase of materialSGD'000	-	(21)	-	(21)	PDF p. 104
Employee compensationSGD'000	-	(90)	-	(316)	PDF p. 104
Results
Adjusted EBITSGD'000	-	261	-	(1,035)	PDF p. 104
Interest incomeSGD'000	-	8	-	8	PDF p. 104
Income tax expensesSGD'000	-	(18)	-	(18)	PDF p. 104
Net lossSGD'000	-	251	-	(1,035)	PDF p. 104
Segment result
Segment result include: Depreciation of plant and equipmentSGD'000	-	(1)	-	(1)	PDF p. 104
Assets
Segment assetsSGD'000	-	642	-	116	PDF p. 104
Liabilities
Segment liabilitiesSGD'000	-	121	-	203	PDF p. 104

Notes

OCR of this page is garbled: the header row mislabels segment columns and the Total column values for some rows (e.g. Employee compensation, Adjusted EBIT, Segment assets/liabilities) do not match the Malaysia column plus others; values reproduced as OCR printed, unverified against image.

Reconciliation of segment assets 3 lines

Reconciliation of segment assets — Group
Item / unit	2025SGD'000	2024SGD'000	Source
Segment assets
Segment assets for reportable segmentsSGD'000	442	642	PDF p. 105
Other segment assetsSGD'000	248	116	PDF p. 105
Total assetsSGD'000	690	758	PDF p. 105

Reconciliation of segment liabilities 3 lines

Reconciliation of segment liabilities — Group
Item / unit	2025SGD'000	2024SGD'000	Source
Segment liabilities
Segment liabilities for reportable segmentsSGD'000	60	121	PDF p. 105
Other segment liabilitiesSGD'000	574	203	PDF p. 105
Total liabilitiesSGD'000	634	324	PDF p. 105

Debt

Borrowings

Liquidity risk - contractual undiscounted maturity of non-derivative financial liabilities

Liquidity risk - contractual undiscounted maturity of non-derivative financial liabilities — Group
Item / unit	2025Less than 1 year SGD’000	2025Between 1 and 2 years SGD’000	2025Between 2 and 5 years SGD’000	Source
Group 2025
Trade and other payablesSGD’000	254	-	-	PDF p. 101
Shareholder’s loanSGD’000	-	-	500	PDF p. 101

Notes

Amounts are contractual undiscounted cash flows. Balances due within 12 months equal their carrying amounts as the impact of discounting is not significant.

The Group 2024 comparative shows only Trade and other payables: 324 (less than 1 year), - , -; no shareholder's loan in 2024.

Liquidity risk - maturity (Group 2024 comparative)

Liquidity risk - maturity (Group 2024 comparative) — Group
Item / unit	2024Less than 1 year SGD’000	2024Between 1 and 2 years SGD’000	2024Between 2 and 5 years SGD’000	Source
Group 2024
Trade and other payablesSGD’000	324	-	-	PDF p. 101

Notes

Amounts are contractual undiscounted cash flows.

Liquidity risk - maturity (Company 2025)

Liquidity risk - maturity (Company 2025) — Company
Item / unit	2025Less than 1 year SGD’000	2025Between 1 and 2 years SGD’000	2025Between 2 and 5 years SGD’000	Source
Company 2025
Trade and other payablesSGD’000	91	-	-	PDF p. 101
Shareholder’s loanSGD’000	-	-	500	PDF p. 101

Notes

Company 2024 comparative: Trade and other payables 214, -, -.

Borrowing notes 2 tables

Shareholder's loan (non-current)

Shareholder's loan (non-current)
Item / unit	2025Group SGD'000	2024Group SGD'000	2025Company SGD'000	2024Company SGD'000	Source
Non-current
Shareholder’s loanSGD'000	399	-	399	-	PDF p. 94

Notes

The shareholder’s loan is unsecured and interest-free and repayable on 30 June 2028.

The carrying amounts of the shareholder’s loan approximate their fair values as at the end of the financial year. Fair value is within level 2 of the fair value hierarchy.

Shareholder's loan - market borrowing rate

Shareholder's loan - market borrowing rate
Item / unit	2025Group %	2024Group %	2025Company %	2024Company %	Source
Market borrowing rate
Shareholder’s loan%	9.0	-	9.0	-	PDF p. 94

Notes

Market borrowing rate used to discount the interest-free shareholder's loan at initial recognition.

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Dividend policy	The Company does not have a fixed dividend policy. The payment of dividend is deliberated by the Board annually having regard to various factors, including the Company’s earnings, general financial condition, results of operations, capital requirements, cash flow, expected future earnings, capital expenditure and investment plans, the terms of borrowing arrangements (if any), general business condition, development plans and other factors as the Directors may deem appropriate. There can be no assurance that dividends will be paid in the future or of the amount or timing of any dividends that will be paid in the future. Where dividends are not paid, the Company expressly discloses the reasons in the announcement of the financial statements.	Company	PDF p. 50

Extracted from ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Audit firm	CLA Global TS Public Accounting Corporation	Group	PDF p. 60
Engagement director	Hock Xiu Min, Sandy	Group	PDF p. 60
Opinion	unmodified	Group and Company	PDF p. 57

Key audit matters

Item	Value	Period / scope	Source
Revenue recognition	We focused on this area because revenue recognition has been identified as a significant risk in accordance with SSA 315	Group	PDF p. 57

Extracted from ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

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

Comparative figures follow ANNUAL REPORT 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

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