UGHealthcare 8K7
SGD 0.073
+0.00% +0.00 Updated 3 Nov 2026, 17:16 SGT
Financials
ANNUAL REPORT 2026
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34 tablesGroup income and comprehensive income — FY2026 source
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Group income and comprehensive income — FY2026 source | |||
| RevenueSingapore dollars thousands | 150,824 | 144,074 | PDF p. 91 |
| Cost of salesSingapore dollars thousands | (107,953) | (109,335) | PDF p. 91 |
| Gross profitSingapore dollars thousands | 42,871 | 34,739 | PDF p. 91 |
| Other incomeSingapore dollars thousands | 2,588 | 2,006 | PDF p. 91 |
| Marketing and distribution expensesSingapore dollars thousands | (8,908) | (9,035) | PDF p. 91 |
| Administrative expensesSingapore dollars thousands | (28,406) | (26,519) | PDF p. 91 |
| Other expensesSingapore dollars thousands | (1,631) | (2,711) | PDF p. 91 |
| Finance costsSingapore dollars thousands | (2,540) | (2,186) | PDF p. 91 |
| Share of profit from equity-accounted for joint ventureSingapore dollars thousands | 29 | 47 | PDF p. 91 |
| Share of loss from equity-accounted for associatesSingapore dollars thousands | – | (84) | PDF p. 91 |
| Profit/(Loss) before income taxSingapore dollars thousands | 4,003 | (3,743) | PDF p. 91 |
| Income tax expenseSingapore dollars thousands | (1,353) | (979) | PDF p. 91 |
| Profit/(Loss) for the yearSingapore dollars thousands | 2,650 | (4,722) | PDF p. 91 |
| Items that may be reclassified subsequently to profit or loss, net of tax | |||
| Exchange differences on translating foreign operationsSingapore dollars thousands | 6,784 | (542) | PDF p. 91 |
| TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEARSingapore dollars thousands | 9,434 | (5,264) | PDF p. 91 |
| Profit/(Loss) attributable to: | |||
| - Owners of the CompanySingapore dollars thousands | 2,099 | (4,097) | PDF p. 91 |
| - Non-controlling interestsSingapore dollars thousands | 551 | (625) | PDF p. 91 |
| SubtotalSingapore dollars thousands | 2,650 | (4,722) | PDF p. 91 |
| Total comprehensive income/(loss) attributable to: | |||
| - Owners of the CompanySingapore dollars thousands | 9,006 | (4,959) | PDF p. 91 |
| - Non-controlling interestsSingapore dollars thousands | 428 | (305) | PDF p. 91 |
| SubtotalSingapore dollars thousands | 9,434 | (5,264) | PDF p. 91 |
| Earnings/(Loss) per share attributable to owners of the Company (cents) | |||
| - Basic/DilutedSingapore cents per share | 0.34 | (0.66) | PDF p. 91 |
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Definitions & sources
Original report: PDF p. 91 ↗
Group and Company balance sheet — FY2026 source / page 92
37 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| SubsidiariesSingapore dollars thousands | – | – | 31,024 | 31,024 | PDF p. 92 |
| Joint ventureSingapore dollars thousands | 849 | 826 | – | – | PDF p. 92 |
| AssociatesSingapore dollars thousands | – | – | – | – | PDF p. 92 |
| Property, plant and equipmentSingapore dollars thousands | 64,646 | 61,654 | – | – | PDF p. 92 |
| Intangible assetsSingapore dollars thousands | 4,076 | 4,625 | – | – | PDF p. 92 |
| GoodwillSingapore dollars thousands | 18,417 | 18,417 | – | – | PDF p. 92 |
| Financial asset held at fair value through profit or loss (“FVTPL”)Singapore dollars thousands | 10,574 | 10,056 | – | – | PDF p. 92 Label p. 92 |
| Derivative financial assetsSingapore dollars thousands | 65 | 91 | – | – | PDF p. 92 |
| Deferred tax assetsSingapore dollars thousands | 4,804 | 2,603 | – | – | PDF p. 92 |
| Total non-current assetsSingapore dollars thousands | 103,431 | 98,272 | 31,024 | 31,024 | PDF p. 92 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 58,886 | 64,431 | – | – | PDF p. 92 |
| Amounts due from subsidiariesSingapore dollars thousands | – | – | 67,649 | 70,403 | PDF p. 92 |
| Trade and other receivablesSingapore dollars thousands | 48,601 | 47,424 | 288 | 284 | PDF p. 92 |
| Derivative financial assetsSingapore dollars thousands | 125 | 32 | – | – | PDF p. 92 |
| Income tax assetsSingapore dollars thousands | 2,066 | 3,030 | – | – | PDF p. 92 |
| Cash and cash equivalentsSingapore dollars thousands | 27,410 | 23,291 | 12,613 | 12,489 | PDF p. 92 |
| Total current assetsSingapore dollars thousands | 137,088 | 138,208 | 80,550 | 83,176 | PDF p. 92 |
| Total assetsSingapore dollars thousands | 240,519 | 236,480 | 111,574 | 114,200 | PDF p. 92 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 59,652 | 59,652 | 59,652 | 59,652 | PDF p. 92 |
| ReservesSingapore dollars thousands | (62,685) | (69,592) | – | – | PDF p. 92 |
| Retained earningsSingapore dollars thousands | 174,791 | 172,692 | 21,780 | 20,953 | PDF p. 92 |
| Equity attributable to owners of the CompanySingapore dollars thousands | 171,758 | 162,752 | 81,432 | 80,605 | PDF p. 92 |
| Non-controlling interestsSingapore dollars thousands | (1,990) | (2,418) | – | – | PDF p. 92 |
| Total equitySingapore dollars thousands | 169,768 | 160,334 | 81,432 | 80,605 | PDF p. 92 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 3,109 | 2,246 | – | – | PDF p. 92 |
| Bank borrowingsSingapore dollars thousands | 18,567 | 22,502 | – | – | PDF p. 92 |
| Lease liabilitiesSingapore dollars thousands | 378 | 202 | – | – | PDF p. 92 |
| Total non-current liabilitiesSingapore dollars thousands | 22,054 | 24,950 | – | – | PDF p. 92 |
| Current liabilities | |||||
| Bank borrowingsSingapore dollars thousands | 20,674 | 24,259 | – | – | PDF p. 92 |
| Amounts due to subsidiariesSingapore dollars thousands | – | – | 28,845 | 32,242 | PDF p. 92 |
| Trade and other payablesSingapore dollars thousands | 25,432 | 25,782 | 1,282 | 1,303 | PDF p. 92 |
| Lease liabilitiesSingapore dollars thousands | 899 | 396 | – | – | PDF p. 92 |
| Derivative financial liabilitiesSingapore dollars thousands | 86 | 619 | – | – | PDF p. 92 |
| Income tax liabilitiesSingapore dollars thousands | 1,606 | 140 | 15 | 50 | PDF p. 92 |
| Total current liabilitiesSingapore dollars thousands | 48,697 | 51,196 | 30,142 | 33,595 | PDF p. 92 |
| Total liabilitiesSingapore dollars thousands | 70,751 | 76,146 | 30,142 | 33,595 | PDF p. 92 |
| Total equity and liabilitiesSingapore dollars thousands | 240,519 | 236,480 | 111,574 | 114,200 | PDF p. 92 |
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Definitions & sources
Original report: PDF p. 92 ↗
Group changes in equity — FY2026 source / ending 2025
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupForeign currency translation reserve | 2025GroupMerger reserves | 2025GroupOther reserves | 2025GroupRetained earnings | 2025GroupEquity attributable to owners | 2025GroupNon-controlling interests | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2026 source | |||||||||
| At 1 July 2024Singapore dollars thousands | 59,652 | (31,820) | (25,940) | (10,970) | 176,789 | 167,711 | (2,113) | 165,598 | PDF p. 93 |
| Loss for the yearSingapore dollars thousands | – | – | – | – | (4,097) | (4,097) | (625) | (4,722) | PDF p. 93 |
| Other comprehensive (loss)/ income: Exchange differences on translating foreign operationsSingapore dollars thousands | – | (862) | – | – | – | (862) | 320 | (542) | PDF p. 93 Label p. 93 |
| Total comprehensive loss | |||||||||
| Total comprehensive loss for the yearSingapore dollars thousands | – | (862) | – | – | (4,097) | (4,959) | (305) | (5,264) | PDF p. 93 Label p. 93 |
| At 30 June 2025Singapore dollars thousands | 59,652 | (32,682) | (25,940) | (10,970) | 172,692 | 162,752 | (2,418) | 160,334 | PDF p. 93 |
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Definitions & sources
Original report: PDF p. 93 ↗
Group changes in equity — FY2026 source / ending 2026
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026GroupShare capital | 2026GroupForeign currency translation reserve | 2026GroupMerger reserves | 2026GroupOther reserves | 2026GroupRetained earnings | 2026GroupEquity attributable to owners | 2026GroupNon-controlling interests | 2026GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Total comprehensive loss | |||||||||
| At 30 June 2025Singapore dollars thousands | 59,652 | (32,682) | (25,940) | (10,970) | 172,692 | 162,752 | (2,418) | 160,334 | PDF p. 93 |
| Profit for the yearSingapore dollars thousands | – | – | – | – | 2,099 | 2,099 | 551 | 2,650 | PDF p. 93 |
| Other comprehensive | |||||||||
| income/(loss): Exchange differences on translating foreign operationsSingapore dollars thousands | – | 6,907 | – | – | – | 6,907 | (123) | 6,784 | PDF p. 93 Label p. 93 |
| Total comprehensive | |||||||||
| Total comprehensive income for the yearSingapore dollars thousands | – | 6,907 | – | – | 2,099 | 9,006 | 428 | 9,434 | PDF p. 93 Label p. 93 |
| At 30 June 2026Singapore dollars thousands | 59,652 | (25,775) | (25,940) | (10,970) | 174,791 | 171,758 | (1,990) | 169,768 | PDF p. 93 |
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Definitions & sources
Original report: PDF p. 93 ↗
Company changes in equity — FY2026 source / ending 2025
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CompanyShare capital | 2025CompanyRetained earnings | 2025CompanyTotal equity | Source |
|---|---|---|---|---|
| Company changes in equity — FY2026 source | ||||
| At 1 July 2024Singapore dollars thousands | 59,652 | 22,644 | 82,296 | PDF p. 94 |
| Loss for the year, representing total comprehensive loss for the financial yearSingapore dollars thousands | – | (1,691) | (1,691) | PDF p. 94 Label p. 94 |
| At 30 June 2025Singapore dollars thousands | 59,652 | 20,953 | 80,605 | PDF p. 94 |
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Definitions & sources
Original report: PDF p. 94 ↗
Company changes in equity — FY2026 source / ending 2026
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026CompanyShare capital | 2026CompanyRetained earnings | 2026CompanyTotal equity | Source |
|---|---|---|---|---|
| Company changes in equity — FY2026 source | ||||
| At 30 June 2025Singapore dollars thousands | 59,652 | 20,953 | 80,605 | PDF p. 94 |
| Profit for the year, representing total comprehensive income for the financial yearSingapore dollars thousands | – | 827 | 827 | PDF p. 94 Label p. 94 |
| At 30 June 2026Singapore dollars thousands | 59,652 | 21,780 | 81,432 | PDF p. 94 |
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Definitions & sources
Original report: PDF p. 94 ↗
Group cash flows — FY2026 source / page 95
39 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Operating activities | |||
| Profit/(Loss) before income taxSingapore dollars thousands | 4,003 | (3,743) | PDF p. 95 |
| Adjustments for: | |||
| - Loss allowance on trade receivablesSingapore dollars thousands | 1,447 | 35 | PDF p. 95 |
| - Share of profit from equity-accounted for joint ventureSingapore dollars thousands | (29) | (47) | PDF p. 95 |
| - Share of loss from equity-accounted for associatesSingapore dollars thousands | – | 84 | PDF p. 95 |
| - Gain on disposal of property, plant and equipmentSingapore dollars thousands | (187) | – | PDF p. 95 |
| - Depreciation of property, plant and equipmentSingapore dollars thousands | 5,610 | 3,432 | PDF p. 95 |
| - Property, plant and equipment written offSingapore dollars thousands | 458 | 204 | PDF p. 95 |
| - Impairment of property, plant and equipmentSingapore dollars thousands | – | 783 | PDF p. 95 |
| - Reversal of impairment of property, plant and equipmentSingapore dollars thousands | (1,299) | – | PDF p. 95 |
| - Impairment of goodwillSingapore dollars thousands | – | 1,001 | PDF p. 95 |
| - Amortisation of intangible assetsSingapore dollars thousands | 248 | 295 | PDF p. 95 |
| - Intangible assets written offSingapore dollars thousands | 519 | – | PDF p. 95 |
| - Fair value (gain)/loss of derivative financial instrumentsSingapore dollars thousands | (442) | 571 | PDF p. 95 |
| - Interest expenseSingapore dollars thousands | 2,540 | 2,186 | PDF p. 95 |
| - Interest incomeSingapore dollars thousands | (624) | (793) | PDF p. 95 |
| - Loss/(Gain) on remeasurement of derivative financial assetsSingapore dollars thousands | 26 | (91) | PDF p. 95 |
| - Gain on remeasurement of previously held interests in associatesSingapore dollars thousands | – | (606) | PDF p. 95 |
| - Unrealised exchange differences, netSingapore dollars thousands | 2,382 | (3,141) | PDF p. 95 |
| Operating cash flows before movements in working capitalSingapore dollars thousands | 14,652 | 170 | PDF p. 95 |
| - Trade and other receivablesSingapore dollars thousands | (2,624) | (6,568) | PDF p. 95 |
| - Trade and other payablesSingapore dollars thousands | (350) | 6,510 | PDF p. 95 |
| Cash generated from/(used in) operationsSingapore dollars thousands | 17,223 | (3,006) | PDF p. 95 |
| Income taxes (paid)/refundedSingapore dollars thousands | (261) | 110 | PDF p. 95 |
| Net cash generated from/(used in) operating activitiesSingapore dollars thousands | 16,962 | (2,896) | PDF p. 95 |
| Investing activities | |||
| Acquisition of property, plant and equipmentSingapore dollars thousands | (2,617) | (3,155) | PDF p. 95 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars thousands | 191 | – | PDF p. 95 |
| Addition of intangible assetsSingapore dollars thousands | (195) | (173) | PDF p. 95 |
| Acquisition of subsidiaries, net of cash and cash equivalents acquiredSingapore dollars thousands | – | 34 | PDF p. 95 |
| Interest receivedSingapore dollars thousands | 624 | 793 | PDF p. 95 |
| Net cash used in investing activitiesSingapore dollars thousands | (1,997) | (2,501) | PDF p. 95 |
| Financing activities | |||
| Drawdown of borrowingsSingapore dollars thousands | 42,578 | 52,917 | PDF p. 95 |
| Increase in fixed deposits pledged to bankSingapore dollars thousands | (50) | (47) | PDF p. 95 |
| Repayment of borrowingsSingapore dollars thousands | (52,595) | (51,144) | PDF p. 95 |
| Repayment of lease liabilitiesSingapore dollars thousands | (1,181) | (641) | PDF p. 95 |
| Net cash (used in)/generated from financing activitiesSingapore dollars thousands | (11,248) | 1,085 | PDF p. 95 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands | 3,717 | (4,312) | PDF p. 95 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | 352 | (442) | PDF p. 95 |
| Cash and cash equivalents at beginning of financial yearSingapore dollars thousands | 22,637 | 27,391 | PDF p. 95 |
| Cash and cash equivalents at end of financial yearSingapore dollars thousands | 26,706 | 22,637 | PDF p. 95 |
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Definitions & sources
Original report: PDF p. 95 ↗
Group five-year financial highlights — FY2026 source
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2024Group — restated comparative | 2023Group | 2022Group | Source |
|---|---|---|---|---|---|---|
| Income Statement (S$’000) | ||||||
| RevenueSingapore dollars thousands | 150,824 | 144,074 | 115,205 | 101,133 | 232,598 | PDF p. 12 |
| Gross profitSingapore dollars thousands | 42,871 | 34,739 | 25,866 | 1,448 | 84,386 | PDF p. 12 |
| EBITDA (1)Singapore dollars thousands | 12,401 | 2,170 | (1,838) | (23,972) | 53,472 | PDF p. 12 |
| Profit/(Loss) before taxSingapore dollars thousands | 4,003 | (3,743) | (6,992) | (28,361) | 48,761 | PDF p. 12 |
| Net profit/(loss) (2)Singapore dollars thousands | 2,099 | (4,097) | (3,959) | (20,734) | 36,795 | PDF p. 12 |
| Balance Sheet (S$’000) | ||||||
| Total equitySingapore dollars thousands | 169,768 | 160,334 | 165,598 | 181,190 | 235,063 | PDF p. 12 |
| Total assetsSingapore dollars thousands | 240,519 | 236,480 | 231,368 | 229,996 | 288,039 | PDF p. 12 |
| Net asset value (3)Singapore dollars thousands | 171,758 | 162,752 | 167,711 | 180,844 | 228,900 | PDF p. 12 |
| Net tangible asset value (4)Singapore dollars thousands | 149,265 | 139,710 | 144,564 | 180,228 | 228,424 | PDF p. 12 |
| Per Share (Singapore Cents) | ||||||
| Basic earnings / (loss) (5)Singapore cents per share | 0.34 | (0.66) | (0.63) | (3.32) | 5.93 | PDF p. 12 |
| Net asset value (6)Singapore cents per share | 27.53 | 26.09 | 26.88 | 28.99 | 36.69 | PDF p. 12 |
| Net tangible asset value (6)Singapore cents per share | 23.93 | 22.40 | 23.17 | 28.89 | 36.62 | PDF p. 12 |
| DividendsSingapore cents per share | – | – | – | – | 0.64 | PDF p. 12 |
| Financial Ratios | ||||||
| Gross margin (7)percent | 28.4 | 24.1 | 22.5 | 1.4 | 36.3 | PDF p. 12 |
| EBITDA margin (7)percent | 8.2 | 1.5 | -1.6 | -23.7 | 23.0 | PDF p. 12 |
| Return on equity (8)percent | 1.3 | -2.5 | -2.3 | -10.1 | 17.5 | PDF p. 12 |
| Return on assets (9)percent | 0.9 | -1.8 | -1.7 | -8.0 | 13.2 | PDF p. 12 |
| Dividend payout ratiopercent | 0.0 | 0.0 | 0.0 | 0.0 | 10.8 | PDF p. 12 |
| Net gearing ratio (10)percent | 6.9 | 14.8 | 8.9 | Net Cash | Net Cash | PDF p. 12 |
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Definitions & sources
Original report: PDF p. 12 ↗
NAV is equity attributable to Company owners. NTA deducts goodwill/intangibles. EPS weighted average shares623.8mFY2023–FY2026,620.2mFY2022; NAV/NTA/DPS use closing623.8m shares for every disclosed year.
ROE/ROA use owner earnings divided by average owner equity/total assets. Summary net-gearing ratio differs from capital-management gearingNote36 (which includes trade payables and divides by total capital).
DPS relates to the financial year and differs from dividends paid during that year. FY2022 dividend0.64cents, FY2023–FY2026 dashes retained. Percent symbols are represented by row unit percent; original glyphs retained in evidence.
Financing liability reconciliation — FY2026 source / ending 2026
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026GroupOpening balance | 2026GroupCash repayments | 2026GroupCash drawdown | 2026GroupNoncash interest expenses | 2026GroupNoncash foreign exchange | 2026GroupNoncash acquisition | 2026GroupNoncash derecognition | 2026GroupClosing balance | Source |
|---|---|---|---|---|---|---|---|---|---|
| Liabilities | |||||||||
| BorrowingsSingapore dollars thousands | 46,761 | (52,595) | 42,578 | 2,497 | – | – | – | 39,241 | PDF p. 96 |
| Lease liabilitiesSingapore dollars thousands | 598 | (1,181) | – | 43 | – | 1,897 | (80) | 1,277 | PDF p. 96 |
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Definitions & sources
Original report: PDF p. 96 ↗
Interest is a noncash addition in this financing reconciliation; do not add an extra undisclosed interest payment line to the primary cash flow.
Financing liability reconciliation — FY2026 source / ending 2025
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupOpening balance | 2025GroupCash repayments | 2025GroupCash drawdown | 2025GroupNoncash interest expenses | 2025GroupNoncash foreign exchange | 2025GroupNoncash acquisition | 2025GroupNoncash derecognition | 2025GroupClosing balance | Source |
|---|---|---|---|---|---|---|---|---|---|
| Liabilities | |||||||||
| BorrowingsSingapore dollars thousands | 42,834 | (51,144) | 52,917 | 2,154 | – | – | – | 46,761 | PDF p. 96 |
| Lease liabilitiesSingapore dollars thousands | 882 | (641) | – | 32 | 19 | 383 | (77) | 598 | PDF p. 96 |
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Definitions & sources
Original report: PDF p. 96 ↗
Interest is a noncash addition in this financing reconciliation; do not add an extra undisclosed interest payment line to the primary cash flow.
Cash composition — FY2026 source
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Cash composition — FY2026 source | |||||
| Cash and bank balancesSingapore dollars thousands | 5,651 | 5,997 | 240 | 302 | PDF p. 139 |
| Fixed depositsSingapore dollars thousands | 21,759 | 17,294 | 12,373 | 12,187 | PDF p. 139 |
| Cash and cash equivalentsSingapore dollars thousands | 27,410 | 23,291 | 12,613 | 12,489 | PDF p. 139 |
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Definitions & sources
Original report: PDF p. 139 ↗
Cash equivalents after pledged deposits — FY2026 source
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Cash equivalents after pledged deposits — FY2026 source | |||
| Cash and bank balancesSingapore dollars thousands | 27,410 | 23,291 | PDF p. 140 |
| Fixed deposits pledged to financial institutionSingapore dollars thousands | (704) | (654) | PDF p. 140 |
| Cash and cash equivalentsSingapore dollars thousands | 26,706 | 22,637 | PDF p. 140 |
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Definitions & sources
Original report: PDF p. 140 ↗
Capital management debt and capital — FY2026 source
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Capital management debt and capital — FY2026 source | |||
| Net debtSingapore dollars thousands | 37,263 | 49,252 | PDF p. 167 |
| Total equity attributable to owners of the CompanySingapore dollars thousands | 171,758 | 162,752 | PDF p. 167 |
| Total capitalSingapore dollars thousands | 209,021 | 212,004 | PDF p. 167 |
| Capital management gearing | |||
| Gearing ratiopercent | 18 | 23 | PDF p. 167 |
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Definitions & sources
Original report: PDF p. 167 ↗
Capital gearing includes trade/other payables in debt and divides by owner equity plus debt. Five-year highlights net-gearing uses another formula and owner-equity denominator.
EPS weighted-average ordinary share count — FY2026 source
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group weighted average ordinary shares | 2025Group weighted average ordinary shares | Source |
|---|---|---|---|
| Number of ordinary shares | |||
| Weighted average number of ordinary shares for the purposes of basic sharesordinary shares | 623,825,811 | 623,825,811 | PDF p. 123 |
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Definitions & sources
Original report: PDF p. 123 ↗
Both years exact623825811ordinary shares; owner profit2099/owner loss4097SGDthousand gives printed0.34/(0.66)Singapore cents. No dilutive potential ordinary shares.
Group income and comprehensive income — FY2025 source
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group — restated comparative | Source |
|---|---|---|---|
| Group income and comprehensive income — FY2025 source | |||
| RevenueSingapore dollars thousands | 144,074 | 115,205 | PDF p. 96 |
| Cost of salesSingapore dollars thousands | (109,335) | (89,339) | PDF p. 96 |
| Gross profitSingapore dollars thousands | 34,739 | 25,866 | PDF p. 96 |
| Other incomeSingapore dollars thousands | 2,006 | 4,511 | PDF p. 96 |
| Marketing and distribution expensesSingapore dollars thousands | (9,035) | (8,484) | PDF p. 96 |
| Administrative expensesSingapore dollars thousands | (26,519) | (24,010) | PDF p. 96 |
| Other expensesSingapore dollars thousands | (2,711) | (3,516) | PDF p. 96 |
| Finance costsSingapore dollars thousands | (2,186) | (1,282) | PDF p. 96 |
| Share of profit from equity-accounted for joint ventureSingapore dollars thousands | 47 | - | PDF p. 96 |
| Share of loss from equity-accounted for associatesSingapore dollars thousands | (84) | (77) | PDF p. 96 |
| Loss before income taxSingapore dollars thousands | (3,743) | (6,992) | PDF p. 96 |
| Income tax (expense)/creditSingapore dollars thousands | (979) | 308 | PDF p. 96 |
| Loss for the yearSingapore dollars thousands | (4,722) | (6,684) | PDF p. 96 |
| Items that may be reclassified subsequently to profit or loss, net of tax | |||
| Exchange differences on translating foreign operationsSingapore dollars thousands | (542) | (8,908) | PDF p. 96 |
| TOTAL COMPREHENSIVE LOSS FOR THE YEARSingapore dollars thousands | (5,264) | (15,592) | PDF p. 96 |
| Loss attributable to: - Owners of the CompanySingapore dollars thousands | (4,097) | (3,959) | PDF p. 96 Label p. 96 |
| - Non-controlling interestsSingapore dollars thousands | (625) | (2,725) | PDF p. 96 |
| SubtotalSingapore dollars thousands | (4,722) | (6,684) | PDF p. 96 |
| Total comprehensive loss attributable to: | |||
| - Owners of the CompanySingapore dollars thousands | (4,959) | (13,133) | PDF p. 96 |
| - Non-controlling interestsSingapore dollars thousands | (305) | (2,459) | PDF p. 96 |
| SubtotalSingapore dollars thousands | (5,264) | (15,592) | PDF p. 96 |
| Loss per share attributable to owners of the Company (cents) | |||
| - Basic/DilutedSingapore cents per share | (0.66) | (0.63) | PDF p. 96 |
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Definitions & sources
Original report: PDF p. 96 ↗
Group and Company balance sheet — FY2025 source / page 97
24 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group — restated comparative | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| SubsidiariesSingapore dollars thousands | – | – | 31,024 | 31,024 | PDF p. 97 |
| Joint ventureSingapore dollars thousands | 826 | 732 | – | – | PDF p. 97 |
| AssociatesSingapore dollars thousands | – | 655 | – | – | PDF p. 97 |
| Property, plant and equipmentSingapore dollars thousands | 61,654 | 57,546 | – | – | PDF p. 97 |
| Intangible assetsSingapore dollars thousands | 4,625 | 4,730 | – | – | PDF p. 97 |
| GoodwillSingapore dollars thousands | 18,417 | 18,417 | – | – | PDF p. 97 |
| Financial asset held at fair value through profit or loss (“FVTPL”)Singapore dollars thousands | 10,056 | 9,572 | – | – | PDF p. 97 Label p. 97 |
| Derivative financial assetsSingapore dollars thousands | 91 | - | – | – | PDF p. 97 |
| Deferred tax assetsSingapore dollars thousands | 2,603 | 3,120 | – | – | PDF p. 97 |
| Total non-current assetsSingapore dollars thousands | 98,272 | 94,772 | 31,024 | 31,024 | PDF p. 97 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 64,431 | 61,313 | – | – | PDF p. 97 |
| Amounts due from subsidiariesSingapore dollars thousands | – | – | 70,403 | 72,359 | PDF p. 97 |
| Trade and other receivablesSingapore dollars thousands | 47,424 | 43,775 | 284 | 246 | PDF p. 97 |
| Derivative financial assetsSingapore dollars thousands | 32 | 10 | – | – | PDF p. 97 |
| Income tax assetsSingapore dollars thousands | 3,030 | 3,500 | – | – | PDF p. 97 |
| Cash and cash equivalentsSingapore dollars thousands | 23,291 | 27,998 | 12,489 | 17,164 | PDF p. 97 |
| Total current assetsSingapore dollars thousands | 138,208 | 136,596 | 83,176 | 89,769 | PDF p. 97 |
| Total assetsSingapore dollars thousands | 236,480 | 231,368 | 114,200 | 120,793 | PDF p. 97 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 59,652 | 59,652 | 59,652 | 59,652 | PDF p. 97 |
| ReservesSingapore dollars thousands | (69,592) | (68,730) | – | – | PDF p. 97 |
| Retained earningsSingapore dollars thousands | 172,692 | 176,789 | 20,953 | 22,644 | PDF p. 97 |
| Equity attributable to owners of the CompanySingapore dollars thousands | 162,752 | 167,711 | 80,605 | 82,296 | PDF p. 97 |
| Non-controlling interestsSingapore dollars thousands | (2,418) | (2,113) | – | – | PDF p. 97 |
| Total equitySingapore dollars thousands | 160,334 | 165,598 | 80,605 | 82,296 | PDF p. 97 |
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Definitions & sources
Original report: PDF p. 97 ↗
Group and Company balance sheet — FY2025 source / page 98
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group — restated comparative | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 2,246 | 2,339 | – | – | PDF p. 98 |
| Bank borrowingsSingapore dollars thousands | 22,502 | 24,927 | – | – | PDF p. 98 |
| Lease liabilitiesSingapore dollars thousands | 202 | 374 | – | – | PDF p. 98 |
| Total non-current liabilitiesSingapore dollars thousands | 24,950 | 27,640 | – | – | PDF p. 98 |
| Current liabilities | |||||
| Bank borrowingsSingapore dollars thousands | 24,259 | 17,907 | – | – | PDF p. 98 |
| Amounts due to subsidiariesSingapore dollars thousands | – | – | 32,242 | 36,922 | PDF p. 98 |
| Trade and other payablesSingapore dollars thousands | 25,782 | 19,272 | 1,303 | 1,433 | PDF p. 98 |
| Lease liabilitiesSingapore dollars thousands | 396 | 508 | – | – | PDF p. 98 |
| Derivative financial liabilitiesSingapore dollars thousands | 619 | 16 | – | – | PDF p. 98 |
| Income tax liabilitiesSingapore dollars thousands | 140 | 427 | 50 | 142 | PDF p. 98 |
| Total current liabilitiesSingapore dollars thousands | 51,196 | 38,130 | 33,595 | 38,497 | PDF p. 98 |
| Total liabilitiesSingapore dollars thousands | 76,146 | 65,770 | 33,595 | 38,497 | PDF p. 98 |
| Total equity and liabilitiesSingapore dollars thousands | 236,480 | 231,368 | 114,200 | 120,793 | PDF p. 98 |
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Definitions & sources
Original report: PDF p. 98 ↗
Group changes in equity — FY2025 source / ending 2024
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group — restated comparativeShare capital | 2024Group — restated comparativeForeign currency translation reserve | 2024Group — restated comparativeMerger reserves | 2024Group — restated comparativeOther reserves | 2024Group — restated comparativeRetained earnings | 2024Group — restated comparativeEquity attributable to owners | 2024Group — restated comparativeNon-controlling interests | 2024Group — restated comparativeTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2025 source | |||||||||
| At 1 July 2023Singapore dollars thousands | 59,652 | (22,646) | (25,940) | (10,970) | 180,748 | 180,844 | 346 | 181,190 | PDF p. 99 |
| Loss for the year (Restated)Singapore dollars thousands | – | – | – | – | (3,959) | (3,959) | (2,725) | (6,684) | PDF p. 99 |
| Other comprehensive (loss)/income: Exchange differences on translating foreign operationsSingapore dollars thousands | – | (9,174) | – | – | – | (9,174) | 266 | (8,908) | PDF p. 99 Label p. 99 |
| Total comprehensive loss for the year (Restated)Singapore dollars thousands | – | (9,174) | – | – | (3,959) | (13,133) | (2,459) | (15,592) | PDF p. 99 |
| At 30 June 2024 (Restated)Singapore dollars thousands | 59,652 | (31,820) | (25,940) | (10,970) | 176,789 | 167,711 | (2,113) | 165,598 | PDF p. 99 |
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Definitions & sources
Original report: PDF p. 99 ↗
Group changes in equity — FY2025 source / ending 2025
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupForeign currency translation reserve | 2025GroupMerger reserves | 2025GroupOther reserves | 2025GroupRetained earnings | 2025GroupEquity attributable to owners | 2025GroupNon-controlling interests | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2025 source | |||||||||
| At 30 June 2024 (Restated)Singapore dollars thousands | 59,652 | (31,820) | (25,940) | (10,970) | 176,789 | 167,711 | (2,113) | 165,598 | PDF p. 99 |
| Loss for the yearSingapore dollars thousands | – | – | – | – | (4,097) | (4,097) | (625) | (4,722) | PDF p. 99 |
| Other comprehensive (loss)/income: Exchange differences on translating foreign operationsSingapore dollars thousands | – | (862) | – | – | – | (862) | 320 | (542) | PDF p. 99 Label p. 99 |
| Total comprehensive loss for the yearSingapore dollars thousands | – | (862) | – | – | (4,097) | (4,959) | (305) | (5,264) | PDF p. 99 |
| At 30 June 2025Singapore dollars thousands | 59,652 | (32,682) | (25,940) | (10,970) | 172,692 | 162,752 | (2,418) | 160,334 | PDF p. 99 |
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Definitions & sources
Original report: PDF p. 99 ↗
Company changes in equity — FY2025 source / ending 2024
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024CompanyShare capital | 2024CompanyRetained earnings | 2024CompanyTotal equity | Source |
|---|---|---|---|---|
| Company changes in equity — FY2025 source | ||||
| At 1 July 2023Singapore dollars thousands | 59,652 | 21,834 | 81,486 | PDF p. 100 |
| Profit for the year, representing total comprehensive profit for the financial yearSingapore dollars thousands | – | 810 | 810 | PDF p. 100 Label p. 100 |
| At 30 June 2024Singapore dollars thousands | 59,652 | 22,644 | 82,296 | PDF p. 100 |
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Definitions & sources
Original report: PDF p. 100 ↗
Company changes in equity — FY2025 source / ending 2025
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CompanyShare capital | 2025CompanyRetained earnings | 2025CompanyTotal equity | Source |
|---|---|---|---|---|
| Company changes in equity — FY2025 source | ||||
| At 30 June 2024Singapore dollars thousands | 59,652 | 22,644 | 82,296 | PDF p. 100 |
| Loss for the year, representing total comprehensive loss for the financial yearSingapore dollars thousands | – | (1,691) | (1,691) | PDF p. 100 Label p. 100 |
| At 30 June 2025Singapore dollars thousands | 59,652 | 20,953 | 80,605 | PDF p. 100 |
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Definitions & sources
Original report: PDF p. 100 ↗
Group cash flows — FY2025 source / page 101
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group — restated comparative | Source |
|---|---|---|---|
| Operating activities | |||
| Loss before income taxSingapore dollars thousands | (3,743) | (6,992) | PDF p. 101 |
| Adjustments for: | |||
| - Loss allowance on trade receivablesSingapore dollars thousands | 35 | 28 | PDF p. 101 |
| - Share of profits from equity-accounted for joint ventureSingapore dollars thousands | (47) | - | PDF p. 101 |
| - Share of loss from equity-accounted for associatesSingapore dollars thousands | 84 | 77 | PDF p. 101 |
| - Depreciation of property, plant and equipmentSingapore dollars thousands | 3,432 | 3,851 | PDF p. 101 |
| - Property, plant and equipment written offSingapore dollars thousands | 204 | 239 | PDF p. 101 |
| - Impairment of property, plant and equipmentSingapore dollars thousands | 783 | - | PDF p. 101 |
| - Impairment of goodwillSingapore dollars thousands | 1,001 | - | PDF p. 101 |
| - Amortisation of intangible assetsSingapore dollars thousands | 295 | 21 | PDF p. 101 |
| - Fair value loss of derivative financial instrumentsSingapore dollars thousands | 571 | 193 | PDF p. 101 |
| - Interest expenseSingapore dollars thousands | 2,186 | 1,282 | PDF p. 101 |
| - Interest incomeSingapore dollars thousands | (793) | (2,009) | PDF p. 101 |
| - Gain on remeasurement of derivative financial assetsSingapore dollars thousands | (91) | - | PDF p. 101 |
| - Gain on remeasurement of previously held interests in associatesSingapore dollars thousands | (606) | (2,097) | PDF p. 101 |
| - Unrealised exchange differencesSingapore dollars thousands | (3,141) | (4,620) | PDF p. 101 |
| Operating cash flows before movements in working capitalSingapore dollars thousands | 170 | (10,027) | PDF p. 101 |
| Movements in working capital - InventoriesSingapore dollars thousands | (3,118) | 2,480 | PDF p. 101 Label p. 101 |
| - Trade and other receivablesSingapore dollars thousands | (6,568) | (6,109) | PDF p. 101 |
| - Trade and other payablesSingapore dollars thousands | 6,510 | 2,062 | PDF p. 101 |
| Cash used in operationsSingapore dollars thousands | (3,006) | (11,594) | PDF p. 101 |
| Income taxes refundedSingapore dollars thousands | 110 | 3,010 | PDF p. 101 |
| Net cash used in operating activitiesSingapore dollars thousands | (2,896) | (8,584) | PDF p. 101 |
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Definitions & sources
Original report: PDF p. 101 ↗
Group cash flows — FY2025 source / page 102
17 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group — restated comparative | Source |
|---|---|---|---|
| Investing activities | |||
| Acquisition of property, plant and equipmentSingapore dollars thousands | (3,155) | (2,514) | PDF p. 102 |
| Addition of intangible assetsSingapore dollars thousands | (173) | (39) | PDF p. 102 |
| Acquisition of subsidiaries, net of cash and cash equivalents acquiredSingapore dollars thousands | 34 | (21,791) | PDF p. 102 |
| Acquisition of a joint ventureSingapore dollars thousands | – | (732) | PDF p. 102 |
| Investment in financial asset at FVTPLSingapore dollars thousands | – | (9,572) | PDF p. 102 |
| Interest receivedSingapore dollars thousands | 793 | 2,009 | PDF p. 102 |
| Dividend received from an associateSingapore dollars thousands | – | 335 | PDF p. 102 |
| Net cash used in investing activitiesSingapore dollars thousands | (2,501) | (32,304) | PDF p. 102 |
| Financing activities | |||
| Drawdown of borrowingsSingapore dollars thousands | 52,917 | 37,699 | PDF p. 102 |
| Decrease in fixed deposits pledged to bankSingapore dollars thousands | (47) | (10) | PDF p. 102 |
| Repayment of borrowingsSingapore dollars thousands | (51,144) | (28,595) | PDF p. 102 |
| Repayment of lease liabilitiesSingapore dollars thousands | (641) | (732) | PDF p. 102 |
| Net cash generated from financing activitiesSingapore dollars thousands | 1,085 | 8,362 | PDF p. 102 |
| Net decrease in cash and cash equivalentsSingapore dollars thousands | (4,312) | (32,526) | PDF p. 102 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | (442) | (1,231) | PDF p. 102 |
| Cash and cash equivalents at beginning of financial yearSingapore dollars thousands | 27,391 | 61,148 | PDF p. 102 |
| Cash and cash equivalents at end of financial yearSingapore dollars thousands | 22,637 | 27,391 | PDF p. 102 |
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Definitions & sources
Original report: PDF p. 102 ↗
Group income and comprehensive income — FY2023 source
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Group income and comprehensive income — FY2023 source | |||
| RevenueSingapore dollars thousands | 101,133 | 232,598 | PDF p. 80 |
| Cost of salesSingapore dollars thousands | (99,685) | (148,212) | PDF p. 80 |
| Gross profitSingapore dollars thousands | 1,448 | 84,386 | PDF p. 80 |
| Other incomeSingapore dollars thousands | 2,700 | 727 | PDF p. 80 |
| Other items of expense | |||
| Marketing and distribution expensesSingapore dollars thousands | (6,501) | (7,745) | PDF p. 80 |
| Administrative expensesSingapore dollars thousands | (20,066) | (25,475) | PDF p. 80 |
| Other expensesSingapore dollars thousands | (5,584) | (2,426) | PDF p. 80 |
| Finance costsSingapore dollars thousands | (915) | (805) | PDF p. 80 |
| Share of profits from equity-accounted for associatesSingapore dollars thousands | 557 | 99 | PDF p. 80 |
| (Loss)/Profit before income taxSingapore dollars thousands | (28,361) | 48,761 | PDF p. 80 |
| Income tax credit/(expense)Singapore dollars thousands | 1,398 | (8,963) | PDF p. 80 |
| (LOSS)/PROFIT FOR THE YEARSingapore dollars thousands | (26,963) | 39,798 | PDF p. 80 |
| Items that may be reclassified subsequently to profit or loss, net of tax | |||
| Exchange differences on translating foreign operationsSingapore dollars thousands | (11,948) | 1,716 | PDF p. 80 |
| Other comprehensive (loss)/income for the year, net of taxSingapore dollars thousands | (11,948) | 1,716 | PDF p. 80 |
| TOTAL COMPREHENSIVE (LOSS)/INCOME FOR THE YEARSingapore dollars thousands | (38,911) | 41,514 | PDF p. 80 |
| (Loss)/Profit attributable to: - Owners of the CompanySingapore dollars thousands | (20,734) | 36,795 | PDF p. 80 Label p. 80 |
| - Non-controlling interestsSingapore dollars thousands | (6,229) | 3,003 | PDF p. 80 |
| SubtotalSingapore dollars thousands | (26,963) | 39,798 | PDF p. 80 |
| Total comprehensive (loss)/income attributable to: | |||
| - Owners of the CompanySingapore dollars thousands | (33,094) | 39,475 | PDF p. 80 |
| - Non-controlling interestsSingapore dollars thousands | (5,817) | 2,039 | PDF p. 80 |
| SubtotalSingapore dollars thousands | (38,911) | 41,514 | PDF p. 80 |
| (Loss)/Earnings per share attributable to owners of the Company (cents) | |||
| Basic/DilutedSingapore cents per share | (3.32) | 5.93 | PDF p. 80 |
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Definitions & sources
Original report: PDF p. 80 ↗
Group and Company balance sheet — FY2023 source / page 81
31 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| SubsidiariesSingapore dollars thousands | – | – | 31,024 | 54,621 | PDF p. 81 |
| AssociatesSingapore dollars thousands | 7,061 | 6,443 | – | – | PDF p. 81 |
| Property, plant and equipmentSingapore dollars thousands | 59,786 | 66,085 | – | – | PDF p. 81 |
| Intangible assetsSingapore dollars thousands | 616 | 476 | – | – | PDF p. 81 |
| Deferred tax assetsSingapore dollars thousands | 2,600 | 1,745 | – | – | PDF p. 81 |
| Total non-current assetsSingapore dollars thousands | 70,063 | 74,749 | 31,024 | 54,621 | PDF p. 81 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 54,544 | 61,834 | – | – | PDF p. 81 |
| Amounts due from subsidiariesSingapore dollars thousands | – | – | 13,530 | 26,406 | PDF p. 81 |
| Trade and other receivablesSingapore dollars thousands | 35,653 | 40,906 | 260 | 324 | PDF p. 81 |
| Income tax assetsSingapore dollars thousands | 7,991 | 10,332 | – | – | PDF p. 81 |
| Cash and cash equivalentsSingapore dollars thousands | 61,745 | 100,218 | 38,171 | 32,088 | PDF p. 81 |
| Total current assetsSingapore dollars thousands | 159,933 | 213,290 | 51,961 | 58,818 | PDF p. 81 |
| Total assetsSingapore dollars thousands | 229,996 | 288,039 | 82,985 | 113,439 | PDF p. 81 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 59,652 | 59,652 | 59,652 | 59,652 | PDF p. 81 |
| ReservesSingapore dollars thousands | (59,556) | (36,226) | – | – | PDF p. 81 |
| Retained earningsSingapore dollars thousands | 180,748 | 205,474 | 21,834 | 52,027 | PDF p. 81 |
| Equity attributable to owners of the CompanySingapore dollars thousands | 180,844 | 228,900 | 81,486 | 111,679 | PDF p. 81 |
| Non-controlling interestsSingapore dollars thousands | 346 | 6,163 | – | – | PDF p. 81 |
| Total equitySingapore dollars thousands | 181,190 | 235,063 | 81,486 | 111,679 | PDF p. 81 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 1,621 | 4,824 | – | – | PDF p. 81 |
| Bank borrowingsSingapore dollars thousands | 13,813 | 10,273 | – | – | PDF p. 81 |
| Lease liabilitiesSingapore dollars thousands | 595 | 724 | – | – | PDF p. 81 |
| Total non-current liabilitiesSingapore dollars thousands | 16,029 | 15,821 | – | – | PDF p. 81 |
| Current liabilities | |||||
| Bank borrowingsSingapore dollars thousands | 16,137 | 6,186 | – | – | PDF p. 81 |
| Trade and other payablesSingapore dollars thousands | 14,071 | 24,506 | 1,445 | 1,638 | PDF p. 81 |
| Lease liabilitiesSingapore dollars thousands | 582 | 798 | – | – | PDF p. 81 |
| Derivative financial liabilitiesSingapore dollars thousands | 332 | 98 | – | – | PDF p. 81 |
| Income tax liabilitiesSingapore dollars thousands | 1,655 | 5,567 | 54 | 122 | PDF p. 81 |
| Total current liabilitiesSingapore dollars thousands | 32,777 | 37,155 | 1,499 | 1,760 | PDF p. 81 |
| Total liabilitiesSingapore dollars thousands | 48,806 | 52,976 | 1,499 | 1,760 | PDF p. 81 |
| Total equity and liabilitiesSingapore dollars thousands | 229,996 | 288,039 | 82,985 | 113,439 | PDF p. 81 |
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Definitions & sources
Original report: PDF p. 81 ↗
Group changes in equity — FY2023 source / ending 2022
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022GroupShare capital | 2022GroupForeign currency translation reserve | 2022GroupMerger reserves | 2022GroupOther reserves | 2022GroupRetained earnings | 2022GroupEquity attributable to owners | 2022GroupNon-controlling interests | 2022GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2023 source | |||||||||
| At 1 July 2021Singapore dollars thousands | 57,745 | (12,966) | (25,940) | – | 171,797 | 190,636 | 4,124 | 194,760 | PDF p. 82 |
| Profit for the yearSingapore dollars thousands | – | – | – | – | 36,795 | 36,795 | 3,003 | 39,798 | PDF p. 82 |
| Other comprehensive | |||||||||
| income: Exchange differences on translating foreign operationsSingapore dollars thousands | – | 2,680 | – | – | – | 2,680 | (964) | 1,716 | PDF p. 82 Label p. 82 |
| Total comprehensive | |||||||||
| Total comprehensive income for the yearSingapore dollars thousands | – | 2,680 | – | – | 36,795 | 39,475 | 2,039 | 41,514 | PDF p. 82 Label p. 82 |
| Issuance of shares, pursuant to scrip dividendSingapore dollars thousands | 1,907 | – | – | – | – | 1,907 | – | 1,907 | PDF p. 82 Label p. 82 |
| Dividends (Note 20)Singapore dollars thousands | – | – | – | – | (3,118) | (3,118) | – | (3,118) | PDF p. 82 |
| At 30 June 2022Singapore dollars thousands | 59,652 | (10,286) | (25,940) | – | 205,474 | 228,900 | 6,163 | 235,063 | PDF p. 82 |
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Definitions & sources
Original report: PDF p. 82 ↗
Group changes in equity — FY2023 source / ending 2023
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023GroupShare capital | 2023GroupForeign currency translation reserve | 2023GroupMerger reserves | 2023GroupOther reserves | 2023GroupRetained earnings | 2023GroupEquity attributable to owners | 2023GroupNon-controlling interests | 2023GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Total comprehensive | |||||||||
| At 30 June 2022Singapore dollars thousands | 59,652 | (10,286) | (25,940) | – | 205,474 | 228,900 | 6,163 | 235,063 | PDF p. 82 |
| Loss for the yearSingapore dollars thousands | – | – | – | – | (20,734) | (20,734) | (6,229) | (26,963) | PDF p. 82 |
| Other comprehensive | |||||||||
| (loss)/income: Exchange differences on translating foreign operationsSingapore dollars thousands | – | (12,360) | – | – | – | (12,360) | 412 | (11,948) | PDF p. 82 Label p. 82 |
| Total comprehensive | |||||||||
| Total comprehensive (loss)/income for the yearSingapore dollars thousands | – | (12,360) | – | – | (20,734) | (33,094) | (5,817) | (38,911) | PDF p. 82 Label p. 82 |
| Changes arising from transactions between equity holders (Note 21)Singapore dollars thousands | – | – | – | (10,970) | – | (10,970) | – | (10,970) | PDF p. 82 Label p. 82 |
| Dividends (Note 20)Singapore dollars thousands | – | – | – | – | (3,992) | (3,992) | – | (3,992) | PDF p. 82 |
| At 30 June 2023Singapore dollars thousands | 59,652 | (22,646) | (25,940) | (10,970) | 180,748 | 180,844 | 346 | 181,190 | PDF p. 82 |
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Definitions & sources
Original report: PDF p. 82 ↗
Company changes in equity — FY2023 source / ending 2022
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022CompanyShare capital | 2022CompanyRetained earnings | 2022CompanyTotal equity | Source |
|---|---|---|---|---|
| Company changes in equity — FY2023 source | ||||
| At 1 July 2021Singapore dollars thousands | 57,745 | 53,451 | 111,196 | PDF p. 83 |
| Profit for the year, representing total comprehensive income for the financial yearSingapore dollars thousands | – | 1,694 | 1,694 | PDF p. 83 |
| Issuance of shares, pursuant to scrip dividendSingapore dollars thousands | 1,907 | – | 1,907 | PDF p. 83 |
| Dividends (Note 20)Singapore dollars thousands | – | (3,118) | (3,118) | PDF p. 83 |
| At 30 June 2022Singapore dollars thousands | 59,652 | 52,027 | 111,679 | PDF p. 83 |
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Definitions & sources
Original report: PDF p. 83 ↗
Company changes in equity — FY2023 source / ending 2023
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023CompanyShare capital | 2023CompanyRetained earnings | 2023CompanyTotal equity | Source |
|---|---|---|---|---|
| Company changes in equity — FY2023 source | ||||
| At 30 June 2022Singapore dollars thousands | 59,652 | 52,027 | 111,679 | PDF p. 83 |
| Loss for the year, representing total comprehensive loss for the financial yearSingapore dollars thousands | – | (26,201) | (26,201) | PDF p. 83 |
| Dividends (Note 20)Singapore dollars thousands | – | (3,992) | (3,992) | PDF p. 83 |
| At 30 June 2023Singapore dollars thousands | 59,652 | 21,834 | 81,486 | PDF p. 83 |
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Definitions & sources
Original report: PDF p. 83 ↗
Group cash flows — FY2023 source / page 84
36 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Operating activities | |||
| (Loss)/Profit before income taxSingapore dollars thousands | (28,361) | 48,761 | PDF p. 84 |
| Adjustments for: | |||
| - Loss allowance on trade receivablesSingapore dollars thousands | 42 | 25 | PDF p. 84 |
| - Gain on disposal of property, plant and equipmentSingapore dollars thousands | – | (22) | PDF p. 84 |
| - Gain on disposal of leaseSingapore dollars thousands | (20) | – | PDF p. 84 |
| - Share of profits from equity-accounted for associatesSingapore dollars thousands | (557) | (99) | PDF p. 84 |
| - Depreciation of property, plant and equipmentSingapore dollars thousands | 3,451 | 3,885 | PDF p. 84 |
| - Property, plant and equipment written offSingapore dollars thousands | 406 | 547 | PDF p. 84 |
| - Impairment of property, plant and equipmentSingapore dollars thousands | 5,327 | – | PDF p. 84 |
| - Amortisation of intangible assetsSingapore dollars thousands | 23 | 21 | PDF p. 84 |
| - Fair value loss/(gain) of derivative financial instrumentsSingapore dollars thousands | 235 | (267) | PDF p. 84 |
| - Interest expenseSingapore dollars thousands | 915 | 805 | PDF p. 84 |
| - Interest incomeSingapore dollars thousands | (2,153) | (427) | PDF p. 84 |
| - Unrealised exchange differencesSingapore dollars thousands | (17,590) | 4,399 | PDF p. 84 |
| Operating cash flows before movements in working capitalSingapore dollars thousands | (38,282) | 57,628 | PDF p. 84 |
| Movements in working capital - InventoriesSingapore dollars thousands | 7,290 | 10,574 | PDF p. 84 Label p. 84 |
| - Trade and other receivablesSingapore dollars thousands | 5,211 | 19,332 | PDF p. 84 |
| - Trade and other payablesSingapore dollars thousands | (10,416) | (10,249) | PDF p. 84 |
| Cash (used in)/generated from operationsSingapore dollars thousands | (36,197) | 77,285 | PDF p. 84 |
| Interest paidSingapore dollars thousands | (868) | (738) | PDF p. 84 |
| Income taxes paidSingapore dollars thousands | (4,230) | (22,597) | PDF p. 84 |
| Net cash (used in)/generated from operating activitiesSingapore dollars thousands | (41,295) | 53,950 | PDF p. 84 |
| Investing activities | |||
| Acquisition of property, plant and equipmentSingapore dollars thousands | (7,854) | (22,080) | PDF p. 84 |
| Addition of intangible assetsSingapore dollars thousands | (175) | (242) | PDF p. 84 |
| Interest receivedSingapore dollars thousands | 2,153 | 427 | PDF p. 84 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars thousands | – | 133 | PDF p. 84 |
| Dividend received from an associateSingapore dollars thousands | – | 562 | PDF p. 84 |
| Net cash used in investing activitiesSingapore dollars thousands | (5,876) | (21,200) | PDF p. 84 |
| Financing activities | |||
| Drawdown of borrowingsSingapore dollars thousands | 33,180 | 21,658 | PDF p. 84 |
| Decrease in fixed deposits pledged to bankSingapore dollars thousands | 41 | 6 | PDF p. 84 |
| Repayment of borrowingsSingapore dollars thousands | (19,689) | (20,459) | PDF p. 84 |
| Repayment of lease liabilitiesSingapore dollars thousands | (801) | (961) | PDF p. 84 |
| Dividend paidSingapore dollars thousands | (3,992) | (1,211) | PDF p. 84 |
| Net cash generated from/(used in) financing activitiesSingapore dollars thousands | 8,739 | (967) | PDF p. 84 |
| Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands | (38,432) | 31,783 | PDF p. 84 |
| Cash and cash equivalents at beginning of financial yearSingapore dollars thousands | 99,580 | 67,797 | PDF p. 84 |
| Cash and cash equivalents at end of financial yearSingapore dollars thousands | 61,148 | 99,580 | PDF p. 84 |
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Definitions & sources
Original report: PDF p. 84 ↗
PPE accumulated depreciation movement — FY2023 original / year 2022
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — PPE depreciation schedule, negative accumulated-depreciation movement | Source |
|---|---|---|
| PPE accumulated depreciation; negative movement as printed | ||
| DepreciationSingapore dollars thousands | (3,885) | PDF p. 115 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 115 ↗
Original PPE accumulated-depreciation movements3451/3885 corroborate cash-flow depreciation and latestFY2026 EBITDA forFY2023/FY2022; negative original movement signs retained.
PPE accumulated depreciation movement — FY2023 original / year 2023
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — PPE depreciation schedule, negative accumulated-depreciation movement | Source |
|---|---|---|
| PPE accumulated depreciation; negative movement as printed | ||
| DepreciationSingapore dollars thousands | (3,451) | PDF p. 115 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 115 ↗
Original PPE accumulated-depreciation movements3451/3885 corroborate cash-flow depreciation and latestFY2026 EBITDA forFY2023/FY2022; negative original movement signs retained.
Group five-year financial highlights — FY2025 source — as reported in the FY2025 annual report
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group — restated comparative | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Income Statement (S$’000) | ||||||
| RevenueSingapore dollars thousands | 144,074 | 115,205 | 101,133 | 232,598 | 338,401 | PDF p. 12 |
| Gross profitSingapore dollars thousands | 34,739 | 25,866 | 1,448 | 84,386 | 196,160 | PDF p. 12 |
| (Loss)/Profit before taxSingapore dollars thousands | (3,743) | (6,992) | (28,361) | 48,761 | 159,403 | PDF p. 12 |
| (Loss)/Profit attributable to owners of the CompanySingapore dollars thousands | (4,097) | (3,959) | (20,734) | 36,795 | 118,765 | PDF p. 12 |
| Balance Sheet (S$’000) | ||||||
| Total equitySingapore dollars thousands | 160,334 | 165,598 | 181,190 | 235,063 | 194,760 | PDF p. 12 |
| Total assetsSingapore dollars thousands | 236,480 | 231,368 | 229,996 | 288,039 | 268,287 | PDF p. 12 |
| Net asset value (1)Singapore dollars thousands | 162,752 | 167,711 | 180,844 | 228,900 | 190,636 | PDF p. 12 |
| Net tangible asset valueSingapore dollars thousands | 139,710 | 144,564 | 180,228 | 228,424 | 190,373 | PDF p. 12 |
| Per Share (Singapore Cents) | ||||||
| Basic earnings (2)Singapore cents per share | (0.66) | (0.63) | (3.32) | 5.93 | 19.42 | PDF p. 12 |
| Net asset value (3)Singapore cents per share | 26.09 | 26.88 | 28.99 | 36.69 | 30.93 | PDF p. 12 |
| Net tangible asset value (3)Singapore cents per share | 22.40 | 23.17 | 28.89 | 36.62 | 30.89 | PDF p. 12 |
| Dividends (3)Singapore cents per share | – | – | – | 0.640 | 0.611 | PDF p. 12 |
| Financial Ratios | ||||||
| Return on equity (4)percent | -2.5 | -2.3 | -10.1 | 17.5 | 97.8 | PDF p. 12 |
| Return on assets (5)percent | -1.8 | -1.7 | -8.0 | 13.2 | 62.3 | PDF p. 12 |
| Dividend payout ratiopercent | 0.0 | 0.0 | 0.0 | 10.8 | 3.1 | PDF p. 12 |
| Net gearing ratio (6)percent | 14.8 | 8.9 | Net Cash | Net Cash | Net Cash | PDF p. 12 |
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Definitions & sources
Original report: PDF p. 12 ↗
NAV is equity attributable to Company owners. NTA deducts goodwill/intangibles. EPS weighted average shares623.8mFY2023–FY2025,620.2mFY2022,611.5mFY2021; adjusted for1-to-3share split2October2020. NAV/NTA/DPS use closing shares623.8mFY2022–FY2025,616.3mFY2021.
ROE/ROA use owner earnings divided by average owner equity/total assets. Summary net-gearing ratio differs from capital-management gearingNote36 (which includes trade payables and divides by total capital).
DPS relates to the financial year and differs from dividends paid during that year. FY2022/FY2021 dividends0.640/0.611cents, FY2023–FY2025 dash retained. Percent symbols are represented by row unit percent; original glyphs retained in evidence.
Group income and comprehensive income — FY2021 source — as reported in the FY2025 annual report
23 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Group income and comprehensive income — FY2021 source | |||
| RevenueSingapore dollars thousands | 338,401 | 144,209 | PDF p. 70 |
| Cost of salesSingapore dollars thousands | (142,241) | (101,690) | PDF p. 70 |
| Gross profitSingapore dollars thousands | 196,160 | 42,519 | PDF p. 70 |
| Other incomeSingapore dollars thousands | 1,271 | 358 | PDF p. 70 |
| Other items of expense | |||
| Marketing and distribution expensesSingapore dollars thousands | (7,308) | (4,003) | PDF p. 70 |
| Administrative expensesSingapore dollars thousands | (33,066) | (13,715) | PDF p. 70 |
| Other expensesSingapore dollars thousands | (629) | (6,273) | PDF p. 70 |
| Finance costsSingapore dollars thousands | (604) | (1,985) | PDF p. 70 |
| Share of profits from equity-accounted for associatesSingapore dollars thousands | 3,579 | 1,156 | PDF p. 70 |
| Profit before income taxSingapore dollars thousands | 159,403 | 18,057 | PDF p. 70 |
| Income tax expenseSingapore dollars thousands | (39,459) | (2,971) | PDF p. 70 |
| PROFIT FOR THE YEARSingapore dollars thousands | 119,944 | 15,086 | PDF p. 70 |
| Items that may be reclassified subsequently to profit or loss, net of tax | |||
| Exchange differences on translating foreign operationsSingapore dollars thousands | 2,960 | (4,084) | PDF p. 70 |
| Other comprehensive income/(loss) for the year, net of taxSingapore dollars thousands | 2,960 | (4,084) | PDF p. 70 |
| TOTAL COMPREHENSIVE INCOME FOR THE YEARSingapore dollars thousands | 122,904 | 11,002 | PDF p. 70 |
| Profit attributable to: Owners of the CompanySingapore dollars thousands | 118,765 | 13,402 | PDF p. 70 Label p. 70 |
| Non-controlling interestsSingapore dollars thousands | 1,179 | 1,684 | PDF p. 70 |
| SubtotalSingapore dollars thousands | 119,944 | 15,086 | PDF p. 70 |
| Total comprehensive income attributable to: | |||
| Owners of the CompanySingapore dollars thousands | 120,831 | 9,987 | PDF p. 70 |
| Non-controlling interestsSingapore dollars thousands | 2,073 | 1,015 | PDF p. 70 |
| SubtotalSingapore dollars thousands | 122,904 | 11,002 | PDF p. 70 |
| Earnings per share attributable to owners of the Company (cents) | |||
| BasicSingapore cents per share | 19.42 | 2.28 | PDF p. 70 |
| DilutedSingapore cents per share | 19.42 | 2.26 | PDF p. 70 |
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Definitions & sources
Original report: PDF p. 70 ↗
Where the money comes from
Segment information
By business
Reconciliation of reportable segment totals 12 lines
| Item / unit | 2026$'000 | 2025$'000 | Source |
|---|---|---|---|
| Revenue | |||
| Total revenue for reportable segments$'000 | 272,291 | 270,250 | PDF p. 150 |
| Elimination of inter-segment revenue$'000 | (121,467) | (126,176) | PDF p. 150 |
| Total revenue$'000 | 150,824 | 144,074 | PDF p. 150 |
| Profit or loss | |||
| Total profit/(loss) for reportable segments$'000 | 3,974 | (3,706) | PDF p. 150 |
| Share of profits from equity-accounted for joint venture$'000 | 29 | 47 | PDF p. 150 |
| Share of loss from equity-accounted for associates$'000 | – | (84) | PDF p. 150 |
| Profit/(Loss) before income tax$'000 | 4,003 | (3,743) | PDF p. 150 |
| Assets | |||
| Total assets for reportable segments$'000 | 239,670 | 235,654 | PDF p. 150 |
| Investments in joint venture$'000 | 849 | 826 | PDF p. 150 |
| Total assets$'000 | 240,519 | 236,480 | PDF p. 150 |
| Liabilities | |||
| Total liabilities for reportable segments$'000 | 70,751 | 76,146 | PDF p. 150 |
| Total liabilities$'000 | 70,751 | 76,146 | PDF p. 150 |
Business segments - Revenue 4 lines
| Item / unit | 2026$'000 | 2026% of total | 2025$'000 | 2025% of total | Source |
|---|---|---|---|---|---|
| Revenue | |||||
| Latex examination gloves$'000 / % | 66,671 | 44 | 61,273 | 43 | PDF p. 151 |
| Nitrile examination gloves$'000 / % | 67,440 | 45 | 66,323 | 46 | PDF p. 151 |
| Other ancillary products$'000 / % | 16,713 | 11 | 16,478 | 11 | PDF p. 151 |
| Total$'000 / % | 150,824 | 100 | 144,074 | 100 | PDF p. 151 |
Business segments - Gross profit 4 lines
| Item / unit | 2026$'000 | 2026% of total | 2025$'000 | 2025% of total | Source |
|---|---|---|---|---|---|
| Gross profit | |||||
| Latex examination gloves$'000 / % | 19,904 | 46 | 15,727 | 45 | PDF p. 151 |
| Nitrile examination gloves$'000 / % | 18,732 | 44 | 15,691 | 45 | PDF p. 151 |
| Other ancillary products$'000 / % | 4,235 | 10 | 3,321 | 10 | PDF p. 151 |
| Total$'000 / % | 42,871 | 100 | 34,739 | 100 | PDF p. 151 |
Business segments - Gross profit margin 4 lines
| Item / unit | 2026% | 2025% | Source |
|---|---|---|---|
| Gross profit margin | |||
| Latex examination gloves% | 29.9 | 25.7 | PDF p. 151 |
| Nitrile examination gloves% | 27.8 | 23.7 | PDF p. 151 |
| Other ancillary products% | 25.3 | 20.2 | PDF p. 151 |
| Overall% | 28.4 | 24.1 | PDF p. 151 |
By geography
Geographic information - Revenues from external customers 7 lines
| Item / unit | 2026$'000 | 2025$'000 | Source |
|---|---|---|---|
| Revenues from external customers | |||
| Europe$'000 | 93,052 | 88,050 | PDF p. 152 |
| North America$'000 | 8,774 | 11,036 | PDF p. 152 |
| South America$'000 | 10,375 | 11,958 | PDF p. 152 |
| Africa$'000 | 10,561 | 8,219 | PDF p. 152 |
| Asia$'000 | 23,873 | 22,378 | PDF p. 152 |
| Malaysia #$'000 | 4,189 | 2,433 | PDF p. 152 |
| Total (unlabelled)$'000 | 150,824 | 144,074 | PDF p. 152 |
Notes
# Includes revenue from intermediaries that export our products to overseas market.
The revenue information above is based on the location of the customers.
Total row has no printed label.
Geographic information - Location of non-current assets 1 lines
| Item / unit | 2026Europe, $'000 | 2026North America, $'000 | 2026South America, $'000 | 2026Africa, $'000 | 2026Asia, $'000 | 2026Total, $'000 | Source |
|---|---|---|---|---|---|---|---|
| 2026 | |||||||
| Non-current assets (2026)$'000 | 20,958 | 402 | 7,606 | 2,354 | 72,111 | 103,431 | PDF p. 152 |
Notes
2025 row is in separate table below (same column layout).
Geographic information - Location of non-current assets (2025) 1 lines
| Item / unit | 2025Europe, $'000 | 2025North America, $'000 | 2025South America, $'000 | 2025Africa, $'000 | 2025Asia, $'000 | 2025Total, $'000 | Source |
|---|---|---|---|---|---|---|---|
| 2025 | |||||||
| Non-current assets (2025)$'000 | 19,606 | 394 | 5,843 | 1,773 | 70,656 | 98,272 | PDF p. 152 |
Notes
Major customers: Revenue from one major customer amounted to approximately $4,650,000 (2025: $5,545,000) which is derived from a mixture of segments.
Debt
Borrowings
Liquidity risk - Group contractual undiscounted maturity of borrowings and lease liabilities
| Item / unit | 2026effective interest rate % | 2026less than 1 year, $'000 | 20262 to 5 years, $'000 | 2026total, $'000 | Source |
|---|---|---|---|---|---|
| Financial liabilities, as at 30 June 2026 | |||||
| Bank borrowings% / $'000 | 4.88 | 23,065 | 18,797 | 41,862 | PDF p. 162 |
| Lease liabilities% / $'000 | 5.36 | 953 | 414 | 1,367 | PDF p. 162 |
Notes
Contractual undiscounted cash flows including interest and principal.
Liquidity risk - Group maturity as at 30 June 2025
| Item / unit | 2025effective interest rate % | 2025less than 1 year, $'000 | 20252 to 5 years, $'000 | 2025total, $'000 | Source |
|---|---|---|---|---|---|
| Financial liabilities, as at 30 June 2025 | |||||
| Bank borrowings% / $'000 | 5.05 | 25,742 | 25,835 | 51,577 | PDF p. 162 |
| Lease liabilities% / $'000 | 5.36 | 428 | 213 | 641 | PDF p. 162 |
Notes
Contractual undiscounted cash flows including interest and principal.
Borrowing notes 2 tables
Bank borrowings
| Item / unit | 2026$'000 | 2025$'000 | Source |
|---|---|---|---|
| Bank borrowings by type | |||
| Secured bank loans(1)$'000 | 21,454 | 25,422 | PDF p. 144 |
| Secured export invoice financing(2)$'000 | 5,875 | 9,279 | PDF p. 144 |
| Total$'000 | 39,241 | 46,761 | PDF p. 144 |
| Current | |||
| Amount due for settlement within 12 months(4)$'000 | (20,674) | (24,259) | PDF p. 144 |
| Non-current | |||
| Amount due for settlement after 12 months$'000 | 18,567 | 22,502 | PDF p. 144 |
Notes
(1) The weighted average effective interest rates of the Group's secured bank loans range from 3.00% to 6.00% (2025: 2.75% to 7.00%) and are secured by legal charges on leasehold land and buildings; guarantees from the Company; debentures over certain production lines; and keyman insurance.
(2) Export invoice financing repayable from 1 to 183 days (2025: 1 to 180 days); average effective interest rate 4.57% (2025: 5.09%). Corporate guarantee by the Company.
(3) Secured import and local purchase financing (2026: 11,912; 2025: 12,060) repayable 1-180 days; average effective rate 4.30% (2025: 4.40%). Corporate guarantee by the Company.
(4) Current amount consists of secured bank loans $2,887,000 (2025: $2,921,000), export invoice financing $5,875,000 (2025: $9,279,000) and import and local invoice financing $11,912,000 (2025: $12,060,000).
Weighted average effective interest rate for bank borrowings is 4.88% (2025: 5.05%). Carrying amounts approximate fair values.
Currency profile of Group borrowings
| Item / unit | 2026$'000 | 2025$'000 | Source |
|---|---|---|---|
| Currency profile | |||
| USD$'000 | 2,788 | 7,582 | PDF p. 144 |
| CNY$'000 | 4,989 | 4,145 | PDF p. 144 |
| EUR$'000 | 10,031 | 12,686 | PDF p. 144 |
| MYR$'000 | 21,433 | 22,243 | PDF p. 144 |
| SGD$'000 | – | 105 | PDF p. 144 |
Notes
Total 39,241 (2026) and 46,761 (2025).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 – Dividend policy | In the Company’s Offer Document dated 28 November 2014 (the “Offer Document”), the Company stated that it does not have a fixed dividend policy. However, it is also disclosed in the Offer Document that the Board intends to recommend and distribute dividends of at least 20% of the Group’s net profit after tax for each financial year commencing from the financial year ended 30 June 2016. | Group | PDF p. 77 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| No dividend has been declared for FY26 | No dividend has been declared for FY26 as the Group wishes to conserve cash for expansion and growth. | FY26 (year ended 30 June 2026) | PDF p. 77 |
| Dividends | – Singapore cents per share | FY2026 (FY2025 also –; FY2024 –; FY2023 –; FY2022 0.64) | PDF p. 12 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend payout ratio | 0.0% | FY2026; FY2025 0.0%; FY2024 0.0%; FY2023 0.0%; FY2022 10.8% | PDF p. 12 |
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 |
|---|---|---|---|
| FORVIS MAZARS LLP | FORVIS MAZARS LLP | Group and Company, FY ended 30 June 2026 | PDF p. 90 |
| Engagement partner | Chan Hock Leong, Rick | Group | PDF p. 90 |
| Opinion | In our opinion, the accompanying financial statements of the Group and the statement of financial position and statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company as at 30 June 2026 | PDF p. 84 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Valuation of inventories | Inventories are valued at the lower of cost and net realisable value (“NRV”). | Group · As at 30 June 2026 | PDF p. 85 |
| Impairment of goodwill | Management determines the recoverable amount of the CGU to which goodwill is allocated to, using the value-in-use method, estimated using discounted cash flow projections. | Group · As at 30 June 2026 | PDF p. 87 |
| Valuation of investment in the Active Retirement Home Project and Healthcare Project (“Project”) | Management determined the fair value of the financial asset using a market approach. | Group · As at 30 June 2026 | PDF p. 87 |
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.
Group income/comprehensive/cash flows and Group/Company balance sheets and equity changes retained. Separate Company income/comprehensive/cash-flow statements not disclosed. Monetary Singapore dollars thousands; EPS Singapore cents.
Primary statements and five-year highlights coverFY2022–FY2026. GroupFY2024 restated usingFY2025 original; Company comparison not restated. Fiscal dividend rates differ from cash payment periods.
Latest officialFY2026 report was published13October2026 after frozen9October2026 popularity snapshot; independently verified from SGX-linked official company website.
The SGX original and official company website copy have identical text, native word positions and page renderings across all200physical pages; their PDF byte hashes differ and both original files are archived.
HistoricalFY2025 original suppliesFY2025/FY2024 primary statements. GroupFY2024 restated for acquisition measurement-period adjustments,remeasurement gain and FVTPL asset reclassification; Company comparisons not restated. No opening third balance sheet disclosed because earliest opening comparison unaffected.
HistoricalFY2023 original suppliesFY2023/FY2022 primary statements. PPE accumulated-depreciation total movements3451/3885 corroborate original cash-flow depreciation3451/3885 and latest EBITDA reconciliation; original negative PPE movement signs retained.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.