Southern Arch A33
SGD 0.001
+0.00% +0.00 Updated 19 Oct 2026, 17:16 SGT
Financials
Annual Report 2025
Explore the statements
12 tablesConsolidated Statement of Comprehensive Income (Group)
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income | |||
| RevenueS$ | 3,961,146 | 4,816,725 | PDF p. 80 |
| Other gains/(losses) - netS$ | 80,083 | 272,015 | PDF p. 80 |
| Interest incomeS$ | 1,516 | 12,120 | PDF p. 80 |
| Expenses | |||
| - Raw materials and consumables usedS$ | (122,613) | (76,468) | PDF p. 80 |
| - Employee benefitsS$ | (2,270,628) | (2,263,016) | PDF p. 80 |
| - Depreciation of property and equipmentS$ | (787,586) | (731,742) | PDF p. 80 |
| - Amortisation of intangible assetsS$ | (13,842) | (6,674) | PDF p. 80 |
| - Other expensesS$ | (1,161,849) | (1,516,840) | PDF p. 80 |
| - Finance costsS$ | (422,559) | (270,591) | PDF p. 80 |
| Total expensesS$ | (4,779,077) | (4,865,331) | PDF p. 80 |
| Income | |||
| (Loss)/Profit before taxS$ | (736,332) | 235,529 | PDF p. 80 |
| Income tax expenseS$ | (197,823) | (388,252) | PDF p. 80 |
| Loss for the yearS$ | (934,155) | (152,723) | PDF p. 80 |
| Other comprehensive loss - items not reclassified | |||
| Actuarial loss on defined benefit planS$ | (25,659) | (12,915) | PDF p. 80 |
| Other comprehensive loss - foreign currency translation | |||
| - Loss on translating foreign operationsS$ | (1,380,406) | (183,231) | PDF p. 80 |
| - Reclassification of currency translation reserves upon voluntary liquidation of subsidiaryS$ | 828,412 | - | PDF p. 80 |
| Other comprehensive loss - foreign currency translation subtotal | |||
| SubtotalS$ | (551,994) | (183,231) | PDF p. 80 |
| Other comprehensive loss | |||
| Other comprehensive loss, net of taxS$ | (577,653) | (196,146) | PDF p. 80 |
| Total comprehensive loss | |||
| Total comprehensive loss for the year attributable to equity holders of the CompanyS$ | (1,511,808) | (348,869) | PDF p. 80 |
| Loss per share (S$ cents) | |||
| - BasicS$ cents per share | (0.0034) | (0.0006) | PDF p. 80 |
| - DilutedS$ cents per share | (0.0034) | (0.0006) | PDF p. 80 |
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Definitions & sources
Original report: PDF p. 80 ↗
Reclassification row label wraps: '- Reclassification of currency translation reserves upon voluntary liquidation of subsidiary'. Total comprehensive loss label wraps: '...attributable to equity holders of the Company'.
The accompanying notes form an integral part of these financial statements
Statements of Financial Position (Group)
29 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Current assets | |||
| Cash and bank balancesS$ | 341,575 | 414,142 | PDF p. 81 |
| Trade and other receivablesS$ | 274,989 | 601,581 | PDF p. 81 |
| Other assetsS$ | 92,417 | 93,593 | PDF p. 81 |
| Investment securitiesS$ | - | - | PDF p. 81 |
| Income tax receivableS$ | 525,058 | 183,738 | PDF p. 81 |
| Current assets subtotal | |||
| SubtotalS$ | 1,234,039 | 1,293,054 | PDF p. 81 |
| Non-current assets | |||
| Investments in subsidiariesS$ | - | - | PDF p. 81 |
| Investment in associateS$ | - | - | PDF p. 81 |
| Loans to subsidiariesS$ | - | - | PDF p. 81 |
| Property and equipmentS$ | 9,970,530 | 9,197,014 | PDF p. 81 |
| Intangible assetsS$ | 49,814 | 64,519 | PDF p. 81 |
| Deferred tax assetsS$ | 329,788 | 288,170 | PDF p. 81 |
| Non-current assets subtotal | |||
| SubtotalS$ | 10,350,132 | 9,549,703 | PDF p. 81 |
| Assets | |||
| Total AssetsS$ | 11,584,171 | 10,842,757 | PDF p. 81 |
| Current liabilities | |||
| Other payablesS$ | 1,192,420 | 540,381 | PDF p. 81 |
| BorrowingsS$ | 5,240,243 | 4,352,245 | PDF p. 81 |
| Loan from a subsidiaryS$ | - | - | PDF p. 81 |
| Lease liabilitiesS$ | 29,279 | 87,918 | PDF p. 81 |
| Current liabilities subtotal | |||
| SubtotalS$ | 6,461,942 | 4,980,544 | PDF p. 81 |
| Non-current liabilities | |||
| Lease liabilitiesS$ | 10,732 | 32,887 | PDF p. 81 |
| Defined benefit planS$ | 1,021,758 | 1,015,149 | PDF p. 81 |
| BorrowingsS$ | 3,159,367 | 2,371,997 | PDF p. 81 |
| Non-current liabilities subtotal | |||
| SubtotalS$ | 4,191,857 | 3,420,033 | PDF p. 81 |
| Liabilities | |||
| Total LiabilitiesS$ | 10,653,799 | 8,400,577 | PDF p. 81 |
| Net assets | |||
| Net Assets/(Liabilities)S$ | 930,372 | 2,442,180 | PDF p. 81 |
| Equity | |||
| Share capitalS$ | 127,338,850 | 127,338,850 | PDF p. 81 |
| ReservesS$ | 347,507 | 1,332,996 | PDF p. 81 |
| Accumulated lossesS$ | (126,755,985) | (126,229,666) | PDF p. 81 |
| Total EquityS$ | 930,372 | 2,442,180 | PDF p. 81 |
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Definitions & sources
Original report: PDF p. 81 ↗
The accompanying notes form an integral part of these financial statements
Group and Company columns share one page; this table holds the Group columns only.
Statements of Financial Position (Company)
29 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company | 2024Company | Source |
|---|---|---|---|
| Current assets | |||
| Cash and bank balancesS$ | 48,856 | 117,819 | PDF p. 81 |
| Trade and other receivablesS$ | 60,000 | 21,026 | PDF p. 81 |
| Other assetsS$ | 33,417 | 31,452 | PDF p. 81 |
| Investment securitiesS$ | - | - | PDF p. 81 |
| Income tax receivableS$ | - | - | PDF p. 81 |
| Current assets subtotal | |||
| SubtotalS$ | 142,273 | 170,297 | PDF p. 81 |
| Non-current assets | |||
| Investments in subsidiariesS$ | 79,917 | 79,917 | PDF p. 81 |
| Investment in associateS$ | - | - | PDF p. 81 |
| Loans to subsidiariesS$ | 6,233,626 | 6,212,237 | PDF p. 81 |
| Property and equipmentS$ | 43,692 | 125,111 | PDF p. 81 |
| Intangible assetsS$ | - | - | PDF p. 81 |
| Deferred tax assetsS$ | - | - | PDF p. 81 |
| Non-current assets subtotal | |||
| SubtotalS$ | 6,357,235 | 6,417,265 | PDF p. 81 |
| Assets | |||
| Total AssetsS$ | 6,499,508 | 6,587,562 | PDF p. 81 |
| Current liabilities | |||
| Other payablesS$ | 4,460,335 | 3,845,414 | PDF p. 81 |
| BorrowingsS$ | 4,412,185 | 3,722,185 | PDF p. 81 |
| Loan from a subsidiaryS$ | 5,590,000 | 5,590,000 | PDF p. 81 |
| Lease liabilitiesS$ | 29,279 | 87,918 | PDF p. 81 |
| Current liabilities subtotal | |||
| SubtotalS$ | 14,491,799 | 13,245,517 | PDF p. 81 |
| Non-current liabilities | |||
| Lease liabilitiesS$ | 10,732 | 32,887 | PDF p. 81 |
| Defined benefit planS$ | - | - | PDF p. 81 |
| BorrowingsS$ | - | - | PDF p. 81 |
| Non-current liabilities subtotal | |||
| SubtotalS$ | 10,732 | 32,887 | PDF p. 81 |
| Liabilities | |||
| Total LiabilitiesS$ | 14,502,531 | 13,278,404 | PDF p. 81 |
| Net assets | |||
| Net Assets/(Liabilities)S$ | (8,003,023) | (6,690,842) | PDF p. 81 |
| Equity | |||
| Share capitalS$ | 127,338,850 | 127,338,850 | PDF p. 81 |
| ReservesS$ | 4,618,640 | 4,618,640 | PDF p. 81 |
| Accumulated lossesS$ | (139,960,513) | (138,648,332) | PDF p. 81 |
| Total EquityS$ | (8,003,023) | (6,690,842) | PDF p. 81 |
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Definitions & sources
Original report: PDF p. 81 ↗
The accompanying notes form an integral part of these financial statements
Company columns of the same page; Group columns are in the separate table.
Consolidated Statement of Comprehensive Income
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income | |||
| RevenueS$ | 3,961,146 | 4,816,725 | PDF p. 80 |
| Other gains/(losses) - netS$ | 80,083 | 272,015 | PDF p. 80 |
| Interest incomeS$ | 1,516 | 12,120 | PDF p. 80 |
| Expenses | |||
| Total expensesS$ | (4,779,077) | (4,865,331) | PDF p. 80 |
| Income | |||
| (Loss)/Profit before taxS$ | (736,332) | 235,529 | PDF p. 80 |
| Income tax expenseS$ | (197,823) | (388,252) | PDF p. 80 |
| Loss for the yearS$ | (934,155) | (152,723) | PDF p. 80 |
| Other comprehensive loss - not reclassified | |||
| Actuarial loss on defined benefit planS$ | (25,659) | (12,915) | PDF p. 80 |
| Other comprehensive loss - may be reclassified | |||
| - Loss on translating foreign operationsS$ | (1,380,406) | (183,231) | PDF p. 80 |
| - Reclassification of currency translation reserves upon voluntary liquidation of subsidiaryS$ | 828,412 | - | PDF p. 80 |
| Foreign currency translation (subtotal)S$ | (551,994) | (183,231) | PDF p. 80 |
| Other comprehensive loss | |||
| Other comprehensive loss, net of taxS$ | (577,653) | (196,146) | PDF p. 80 |
| Total comprehensive loss | |||
| Total comprehensive loss for the year attributable to equity holders of the CompanyS$ | (1,511,808) | (348,869) | PDF p. 80 |
| Loss per share | |||
| - BasicS$ cents | (0.0034) | (0.0006) | PDF p. 80 |
| - DilutedS$ cents | (0.0034) | (0.0006) | PDF p. 80 |
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Definitions & sources
Original report: PDF p. 80 ↗
Figures in S$. Comprehensive loss attributable to equity holders of the Company. Loss per share in S$ cents.
Consolidated Statement of Changes in Equity - Group 2025
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group - Share capital | 2025Group - Share option reserve | 2025Group - Currency translation reserve | 2025Group - Other reserves | 2025Group - Accumulated losses | 2025Group - Total equity | Source |
|---|---|---|---|---|---|---|---|
| 2025 | |||||||
| Balance at 1 January 2025S$ | 127,338,850 | 4,618,640 | (5,020,642) | 1,734,998 | (126,229,666) | 2,442,180 | PDF p. 82 |
| Loss for the yearS$ | - | - | - | - | (934,155) | (934,155) | PDF p. 82 |
| 2025 Other comprehensive loss, net of tax | |||||||
| Foreign currency translation lossS$ | - | - | (551,994) | - | - | (551,994) | PDF p. 82 |
| Actuarial loss on defined benefit planS$ | - | - | - | - | (25,659) | (25,659) | PDF p. 82 |
| 2025 | |||||||
| Total comprehensive loss for the yearS$ | - | - | (551,994) | - | (959,814) | (1,511,808) | PDF p. 82 |
| Voluntary liquidation of a subsidiaryS$ | - | - | - | (433,495) | 433,495 | - | PDF p. 82 |
| Balance at 31 December 2025S$ | 127,338,850 | 4,618,640 | (5,572,636) | 1,301,503 | (126,755,985) | 930,372 | PDF p. 82 |
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Definitions & sources
Original report: PDF p. 82 ↗
Attributable to equity holders of the Company; S$. No non-controlling interests shown.
Consolidated Statement of Changes in Equity - Group 2024
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group - Share capital | 2024Group - Share option reserve | 2024Group - Currency translation reserve | 2024Group - Other reserves | 2024Group - Accumulated losses | 2024Group - Total equity | Source |
|---|---|---|---|---|---|---|---|
| 2024 | |||||||
| Balance at 1 January 2024S$ | 127,338,850 | 4,618,640 | (4,837,411) | 1,734,998 | (126,064,028) | 2,791,049 | PDF p. 83 |
| Loss for the yearS$ | - | - | - | - | (152,723) | (152,723) | PDF p. 83 |
| 2024 Other comprehensive loss, net of tax | |||||||
| Foreign currency translation lossS$ | - | - | (183,231) | - | - | (183,231) | PDF p. 83 |
| Actuarial loss on defined benefit planS$ | - | - | - | - | (12,915) | (12,915) | PDF p. 83 |
| 2024 | |||||||
| Total comprehensive loss for the yearS$ | - | - | (183,231) | - | (165,638) | (348,869) | PDF p. 83 |
| Balance at 31 December 2024S$ | 127,338,850 | 4,618,640 | (5,020,642) | 1,734,998 | (126,229,666) | 2,442,180 | PDF p. 83 |
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Definitions & sources
Original report: PDF p. 83 ↗
Attributable to equity holders of the Company; S$.
Consolidated Statement of Cash Flows
30 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Operating | |||
| (Loss)/Profit before taxS$ | (736,332) | 235,529 | PDF p. 84 |
| Operating - adjustments | |||
| Unrealised foreign exchange gainS$ | (753,698) | (142,164) | PDF p. 84 |
| Loss on voluntary liquidation of a dormant subsidiaryS$ | 828,412 | - | PDF p. 84 |
| Gain on lease terminationS$ | - | (530) | PDF p. 84 |
| Depreciation of property and equipmentS$ | 787,586 | 731,742 | PDF p. 84 |
| Amortisation of intangible assetsS$ | 13,842 | 6,674 | PDF p. 84 |
| Loss allowance on other receivablesS$ | 69,856 | - | PDF p. 84 |
| Loss allowance on trade receivablesS$ | 32,734 | - | PDF p. 84 |
| Loss on lease modificationS$ | 6,668 | - | PDF p. 84 |
| Interest expenseS$ | 422,559 | 270,591 | PDF p. 84 |
| Interest incomeS$ | (1,516) | (12,120) | PDF p. 84 |
| Operating | |||
| Operating cash flows before working capital changesS$ | 670,111 | 1,089,722 | PDF p. 84 |
| Operating - changes in working capital | |||
| ReceivablesS$ | 114,737 | (112,884) | PDF p. 84 |
| PayablesS$ | 661,979 | 11,131 | PDF p. 84 |
| Operating | |||
| Cash flows generated from operationsS$ | 1,446,827 | 987,969 | PDF p. 84 |
| Tax paidS$ | (626,342) | (759,358) | PDF p. 84 |
| Net cash flows generated from operating activitiesS$ | 820,485 | 228,611 | PDF p. 84 |
| Investing | |||
| Purchase of property and equipmentS$ | (2,396,106) | (5,028,730) | PDF p. 84 |
| Acquisition of intangible assetsS$ | (4,507) | (65,597) | PDF p. 84 |
| Interest receivedS$ | 1,516 | 12,120 | PDF p. 84 |
| Net cash flows used in investing activitiesS$ | (2,399,097) | (5,082,207) | PDF p. 84 |
| Financing | |||
| Principal repayment of lease liabilitiesS$ | (88,154) | (80,041) | PDF p. 84 |
| Repayment of borrowingsS$ | (1,749,212) | (620,282) | PDF p. 84 |
| Proceeds from borrowingsS$ | 3,720,526 | 3,119,571 | PDF p. 84 |
| Interest paidS$ | (349,890) | (227,641) | PDF p. 84 |
| Net cash flows generated from financing activitiesS$ | 1,533,270 | 2,191,607 | PDF p. 84 |
| Net change in cash | |||
| Net decrease in cash and bank balancesS$ | (45,342) | (2,661,989) | PDF p. 84 |
| Cash and bank balances at beginning of the yearS$ | 414,142 | 3,079,505 | PDF p. 84 |
| Effect of changes in foreign exchange rates on cash and bank balancesS$ | (27,225) | (3,374) | PDF p. 84 |
| Closing cash | |||
| Cash and cash balance at end of the yearS$ | 341,575 | 414,142 | PDF p. 84 |
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Definitions & sources
Original report: PDF p. 84 ↗
Figures in S$. Closing line printed as 'Cash and cash balance at end of the year'.
Audited Year End Summary – The Group Consolidated Statement of Comprehensive Income
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, 12 months ended 31 December 2025 | 2024Group, 12 months ended 31 December 2024 | Source |
|---|---|---|---|
| Consolidated Statement of Comprehensive Income | |||
| Operating RevenueS$ | 3,961,146 | 4,816,725 | PDF p. 10 |
| Other Gains – netS$ | 80,083 | 272,015 | PDF p. 10 |
| Interest IncomeS$ | 1,516 | 12,120 | PDF p. 10 |
| Total ExpensesS$ | (4,779,077) | (4,865,331) | PDF p. 10 |
| Income Tax ExpenseS$ | (197,823) | (388,252) | PDF p. 10 |
| Total LossS$ | (934,155) | (152,723) | PDF p. 10 |
| – Owners of the CompanyS$ | (934,155) | (152,723) | PDF p. 10 |
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Definitions & sources
Original report: PDF p. 10 ↗
Audited Year End Summary – The Group Consolidated Statements of Financial Position
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, as at 31 December 2025 | 2024Group, as at 31 December 2024 | Source |
|---|---|---|---|
| Consolidated Statements of Financial Position | |||
| Total AssetsS$ | 11,584,171 | 10,842,757 | PDF p. 10 |
| Total LiabilitiesS$ | (10,653,799) | (8,400,577) | PDF p. 10 |
| Net AssetsS$ | 930,372 | 2,442,180 | PDF p. 10 |
| Intangible AssetsS$ | 49,814 | 64,519 | PDF p. 10 |
| Net Tangible Assets – The GroupS$ | 880,558 | 2,377,661 | PDF p. 10 |
| Equity: The GroupS$ | 930,372 | 2,442,180 | PDF p. 10 |
| – Owners of the CompanyS$ | 930,372 | 2,442,180 | PDF p. 10 |
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Definitions & sources
Original report: PDF p. 10 ↗
Audited Year End Summary – Owners of the Company Per Share Computation
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Owners of the Company, 31 December 2025 | 2024Owners of the Company, 31 December 2024 | Source |
|---|---|---|---|
| Per Share Computation | |||
| Number of Sharesshares | 27,570,762,183 | 27,570,762,183 | PDF p. 10 |
| Net Assets Value per Share – in centscents | 0.0034 | 0.0089 | PDF p. 10 |
| Net Tangible Assets per Share – in centscents | 0.0032 | 0.0086 | PDF p. 10 |
| Weighted Average Number of Sharesshares | 27,570,762,183 | 27,570,762,183 | PDF p. 10 |
| Loss per Share – in centscents | (0.0034) | (0.0006) | PDF p. 10 |
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Definitions & sources
Original report: PDF p. 10 ↗
Note 10 Loss per share (Group)
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, FY2025 | 2024Group, FY2024 | Source |
|---|---|---|---|
| Note 10 Loss per share | |||
| Weighted average number of ordinary sharesshares | 27,570,762,183 | 27,570,762,183 | PDF p. 104 |
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Definitions & sources
Original report: PDF p. 104 ↗
Basic loss per share is calculated on the net loss attributable to equity holders of the Company divided by the weighted average number of ordinary shares outstanding during the financial year.
Diluted loss per share is the same as the basic loss per share as there were no dilutive potential ordinary shares outstanding as at 31 December 2025 and 2024.
Loss per share on Consolidated Statement of Comprehensive Income
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, S$ cents | 2024Group, S$ cents | Source |
|---|---|---|---|
| Loss per share (S$ cents) | |||
| - BasicS$ cents | (0.0034) | (0.0006) | PDF p. 80 |
| - DilutedS$ cents | (0.0034) | (0.0006) | PDF p. 80 |
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Definitions & sources
Original report: PDF p. 80 ↗
Where the money comes from
Segment information
By business
Operating segments – Group 2025 (S$) 12 lines
| Item / unit | 2025Investment holding | 2025Sterilisation | 2025Property | 2025Hospitality and wellness | 2025Total | Source |
|---|---|---|---|---|---|---|
| Group 2025 | ||||||
| External revenuesS$ | - | 3,961,146 | - | - | 3,961,146 | PDF p. 134 |
| Segment resultsS$ | (1,319,974) | 4,089,233 | (5,636) | (6,856) | 2,756,767 | PDF p. 134 |
| Employee compensationS$ | (824,474) | (1,446,154) | - | - | (2,270,628) | PDF p. 134 |
| Interest incomeS$ | 189 | 1,327 | - | - | 1,516 | PDF p. 134 |
| Finance costsS$ | (134,621) | (287,938) | - | - | (422,559) | PDF p. 134 |
| Depreciation and amortisationS$ | (82,112) | (719,316) | - | - | (801,428) | PDF p. 134 |
| Reportable segment (loss)/ profit before income taxS$ | (2,360,992) | 1,637,152 | (5,636) | (6,856) | (736,332) | PDF p. 134 |
| Group 2025 Capital expenditure | ||||||
| - property and equipmentS$ | - | 2,396,106 | - | - | 2,396,106 | PDF p. 134 |
| - intangible assetsS$ | - | 4,507 | - | - | 4,507 | PDF p. 134 |
| Capital expenditure (total)S$ | - | 2,400,613 | - | - | 2,400,613 | PDF p. 134 |
| Group 2025 | ||||||
| Segment assetsS$ | 130,370 | 11,118,738 | 5,275 | - | 11,254,383 | PDF p. 134 |
| Segment liabilitiesS$ | 5,076,764 | 5,571,909 | 5,126 | - | 10,653,799 | PDF p. 134 |
Notes
Performance is measured based on segment profit/(loss) before income tax. Unallocated assets comprise deferred tax assets.
Operating segments – Group 2024 (S$) 12 lines
| Item / unit | 2024Investment holding | 2024Sterilisation | 2024Property | 2024Hospitality and wellness | 2024Total | Source |
|---|---|---|---|---|---|---|
| Group 2024 | ||||||
| External revenuesS$ | - | 4,816,725 | - | - | 4,816,725 | PDF p. 135 |
| Segment resultsS$ | (541,857) | 4,046,328 | (9,394) | 355 | 3,495,432 | PDF p. 135 |
| Employee compensationS$ | (756,797) | (1,506,219) | - | - | (2,263,016) | PDF p. 135 |
| Interest incomeS$ | 310 | 11,809 | - | 1 | 12,120 | PDF p. 135 |
| Finance costsS$ | (158,095) | (112,496) | - | - | (270,591) | PDF p. 135 |
| Depreciation and amortisationS$ | (85,595) | (652,821) | - | - | (738,416) | PDF p. 135 |
| Reportable segment (loss)/ profit before income taxS$ | (1,542,034) | 1,786,601 | (9,394) | 356 | 235,529 | PDF p. 135 |
| Group 2024 Capital expenditure | ||||||
| - property and equipmentS$ | 1,098 | 5,027,632 | - | - | 5,028,730 | PDF p. 135 |
| - intangible assetsS$ | - | 65,597 | - | - | 65,597 | PDF p. 135 |
| Capital expenditure (total)S$ | 1,098 | 5,093,229 | - | - | 5,094,327 | PDF p. 135 |
| Group 2024 | ||||||
| Segment assetsS$ | 381,671 | 10,165,768 | 7,148 | - | 10,554,587 | PDF p. 135 |
| Segment liabilitiesS$ | 4,367,177 | 4,030,448 | 2,952 | - | 8,400,577 | PDF p. 135 |
Notes
Performance is measured based on segment profit/(loss) before income tax. Unallocated assets comprise deferred tax assets.
By geography
Geographical information – Group 2025 (S$) 3 lines
| Item / unit | 2025External revenues | 2025Non-current assets * | Source |
|---|---|---|---|
| Group 2025 | |||
| SingaporeS$ | - | 43,692 | PDF p. 136 |
| IndonesiaS$ | 3,961,146 | 9,976,652 | PDF p. 136 |
| Total (unlabelled)S$ | 3,961,146 | 10,020,344 | PDF p. 136 |
Notes
* Non-current assets exclude deferred tax assets.
Segment revenue is based on the geographical location of customers; segment assets on location of assets or underlying investments held. Printed text refers to three main geographical areas (Singapore, Malaysia and Indonesia) but only Singapore and Indonesia are tabulated.
Geographical information – Group 2024 (S$) 3 lines
| Item / unit | 2024External revenues | 2024Non-current assets * | Source |
|---|---|---|---|
| Group 2024 | |||
| SingaporeS$ | - | 125,111 | PDF p. 136 |
| IndonesiaS$ | 4,816,725 | 9,136,422 | PDF p. 136 |
| Total (unlabelled)S$ | 4,816,725 | 9,261,533 | PDF p. 136 |
Notes
* Non-current assets exclude deferred tax assets.
Debt
Borrowings
Liquidity risk maturity analysis - Group (contractual undiscounted cash flows)
| Item / unit | 2025Carrying amounts, S$ | 2025Contractual amounts, S$ | 2025< 1 year, S$ | 20251 - 5 years, S$ | 2025> 5 years, S$ | Source |
|---|---|---|---|---|---|---|
| Group 2025 | ||||||
| BorrowingsS$ | 8,399,610 | 9,512,828 | 5,640,873 | 2,839,581 | 1,032,374 | PDF p. 131 |
| Lease liabilitiesS$ | 40,011 | 41,750 | 30,200 | 11,550 | - | PDF p. 131 |
Notes
Amounts are contractual undiscounted cash flows based on remaining period from reporting date to contractual maturity. Balances due within 12 months equal their carrying amounts as the impact of discounting is not significant.
Liquidity risk maturity analysis - Group 2024 comparative
| Item / unit | 2024Carrying amounts, S$ | 2024Contractual amounts, S$ | 2024< 1 year, S$ | 20241 - 5 years, S$ | 2024> 5 years, S$ | Source |
|---|---|---|---|---|---|---|
| Group 2024 | ||||||
| BorrowingsS$ | 6,724,242 | 7,639,940 | 4,708,868 | 2,184,708 | 746,364 | PDF p. 131 |
| Lease liabilitiesS$ | 120,805 | 134,200 | 92,200 | 42,000 | - | PDF p. 131 |
Notes
Same table as 2025; 2024 block.
Liquidity risk maturity analysis - Company
| Item / unit | 2025Carrying amounts, S$ | 2025Contractual amounts, S$ | 2025< 1 year, S$ | 20251 – 5 years, S$ | Source |
|---|---|---|---|---|---|
| Company 2025 | |||||
| BorrowingsS$ | 4,412,185 | 4,541,729 | 4,541,729 | - | PDF p. 132 |
| Lease liabilitiesS$ | 40,011 | 41,750 | 30,200 | 11,550 | PDF p. 132 |
| Loan from a subsidiaryS$ | 5,590,000 | 6,103,100 | 6,103,100 | - | PDF p. 132 |
Notes
No > 5 years column printed for Company.
Liquidity risk maturity analysis - Company 2024 comparative
| Item / unit | 2024Carrying amounts, S$ | 2024Contractual amounts, S$ | 2024< 1 year, S$ | 20241 – 5 years, S$ | Source |
|---|---|---|---|---|---|
| Company 2024 | |||||
| BorrowingsS$ | 3,722,185 | 3,954,014 | 3,954,014 | - | PDF p. 132 |
| Lease liabilitiesS$ | 120,805 | 134,200 | 92,200 | 42,000 | PDF p. 132 |
| Loan from a subsidiaryS$ | 5,590,000 | 6,103,100 | 6,103,100 | - | PDF p. 132 |
Borrowing notes 3 tables
Borrowings
| Item / unit | 2025Group, S$ | 2024Group, S$ | 2025Company, S$ | 2024Company, S$ | Source |
|---|---|---|---|---|---|
| Current | |||||
| Secured - Loans from bank (a)S$ | 828,058 | 630,060 | - | - | PDF p. 115 |
| Unsecured - Loans from bank (b)S$ | 1,000,000 | 1,500,000 | 1,000,000 | 1,500,000 | PDF p. 115 |
| Loans from shareholders (c)S$ | 3,412,185 | 2,222,185 | 3,412,185 | 2,222,185 | PDF p. 115 |
| Total current borrowings (unlabelled subtotal)S$ | 5,240,243 | 4,352,245 | 4,412,185 | 3,722,185 | PDF p. 115 |
| Non-current | |||||
| Secured - Loans from bank (a)S$ | 3,159,367 | 2,371,997 | - | - | PDF p. 115 |
| Total | |||||
| Total borrowingsS$ | 8,399,610 | 6,724,242 | 4,412,185 | 3,722,185 | PDF p. 115 |
Notes
(a) Loans from bank are secured over the Group’s freehold land and building (Note 17). The loans from bank bear an interest of 7.75% (2024: 7.75%) per annum. The loans will mature between June 2029 and December 2033.
(b) Loans from bank are unsecured and bears interest of 2.5% plus bank’s Cost of Funds.
(c) Loans from shareholders are unsecured. One of these loans bear a fixed interest rate 2.00% (2024: 2.00% to 4.50%) per annum. The remaining loans carry a variable interest rate of 2.15% to 3.90% (2024: 4.00% to 4.65%) per annum, which is renewed and compounded weekly.
Page 116: As at 31 December 2025, the Company was in breach of a loan covenant which requires the Group to maintain a minimum net tangible asset (“NTA”) of S$2,000,000. The loan, amounting to S$1,000,000, was obtained for working capital purposes and is classified as current. The Company has not received any notice from the financial institution in respect of the breach; the breach may constitute an event of default giving the right to demand immediate repayment.
Lease liabilities
| Item / unit | 2025S$ | 2024S$ | Source |
|---|---|---|---|
| Current | |||
| BuildingS$ | 25,745 | 84,564 | PDF p. 116 |
| Office equipmentS$ | 3,534 | 3,354 | PDF p. 116 |
| Current lease liabilities (unlabelled subtotal)S$ | 29,279 | 87,918 | PDF p. 116 |
| Non-current | |||
| BuildingS$ | - | 18,619 | PDF p. 116 |
| Office equipmentS$ | 10,732 | 14,268 | PDF p. 116 |
| Non-current lease liabilities (unlabelled subtotal)S$ | 10,732 | 32,887 | PDF p. 116 |
| Total | |||
| Total lease liabilitiesS$ | 40,011 | 120,805 | PDF p. 116 |
Currency denomination of borrowings
| Item / unit | 2025Singapore Dollar, S$ | 2025Indonesian Rupiah, S$ | 2025Malaysian Ringgit, S$ | 2025United States Dollar, S$ | 2025Total, S$ | 2024Singapore Dollar, S$ | 2024Indonesian Rupiah, S$ | 2024Malaysian Ringgit, S$ | 2024United States Dollar, S$ | 2024Total, S$ | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||||
| BorrowingsS$ | (4,412,185) | (3,987,425) | - | - | (8,399,610) | (3,722,185) | (3,002,057) | - | - | (6,724,242) | PDF p. 127PDF p. 128 |
| Lease liabilitiesS$ | (40,011) | - | - | - | (40,011) | (120,805) | - | - | - | (120,805) | PDF p. 127PDF p. 128 |
Notes
Company 2025 Borrowings (4,412,185) all Singapore Dollar column, total (4,412,185). Table shows exposure by currency as presented to key management; amounts in S$.
Company 2024 Borrowings (3,722,185) all Singapore Dollar column, total (3,722,185).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company does not have a fixed dividend policy. The form, frequency and amount of future dividends declarations by the Company will depend on the Group’s earnings, general financial condition, results of operations, capital requirements, cash flow, general business condition, development plans and other factors as the directors may, in their absolute discretion, deem appropriate. | Company | PDF p. 60 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend for FY2025 | The Board is not recommending any dividend for FY2025, as the Board deemed more appropriate to retain the cash for the Group’s working capital purposes | FY2025 | PDF p. 60 |
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 |
|---|---|---|---|
| PKF-CAP LLP | PKF-CAP LLP | Group and Company, FY2025 | PDF p. 79 |
| Engagement partner | Titus Kuan Tjian | Group and Company, FY2025 | PDF p. 79 |
| Opinion | Unmodified | Group and Company, FY2025 | PDF p. 76 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Material Uncertainty Related to Going Concern | a material uncertainty exists that may cast significant doubt on the Group’s and the Company’s ability to continue as going concerns | Group and Company, 31 December 2025 | PDF p. 76 |
| Note 2.1 Material Uncertainty Related to Going Concern | The Company’s shareholders have provided a written undertaking to continue providing financial support to the Group for at least 12 months from the date of approval of these financial statements. | Group and Company, FY2025 | PDF p. 85 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Revenue recognition (Refer to Note 2.15 and Note 4) | Revenue recognition | Group, FY2025 | PDF p. 77 |
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.