Captii AWV
SGD 0.205
+0.00% +0.00 Updated 29 Oct 2026, 10:10 SGT
Financials
Annual Report 2025
Explore the statements
12 tablesConsolidated Statement of Comprehensive Income, year ended 31 December 2025
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| Revenue$'000 | 15,943 | 17,566 | PDF p. 47 |
| Cost of sales$'000 | (5,763) | (8,177) | PDF p. 47 |
| Gross profit$'000 | 10,180 | 9,389 | PDF p. 47 |
| Interest income$'000 | 134 | 140 | PDF p. 47 |
| Other income and gains$'000 | 89 | 66 | PDF p. 47 |
| Technical support expenses$'000 | (5,505) | (5,121) | PDF p. 47 |
| Distribution costs$'000 | (1,312) | (1,050) | PDF p. 47 |
| Administrative expenses$'000 | (3,097) | (3,051) | PDF p. 47 |
| Other losses$'000 | (4,650) | (8,816) | PDF p. 47 |
| Finance cost$'000 | (50) | (31) | PDF p. 47 |
| Loss before tax$'000 | (4,211) | (8,474) | PDF p. 47 |
| Income tax expense$'000 | (560) | (188) | PDF p. 47 |
| Loss, net of tax$'000 | (4,771) | (8,662) | PDF p. 47 |
| Other comprehensive loss: Items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translating foreign operations, net of tax$'000 | 859 | 1,307 | PDF p. 47 |
| Other comprehensive loss | |||
| Total comprehensive loss for the year$'000 | (3,912) | (7,355) | PDF p. 47 |
| Loss for the year attributable to | |||
| - Owners of the company$'000 | (4,741) | (6,945) | PDF p. 47 |
| - Non-controlling interests$'000 | (30) | (1,717) | PDF p. 47 |
| Subtotal$'000 | (4,771) | (8,662) | PDF p. 47 |
| Total comprehensive loss for the year attributable to | |||
| - Owners of the company$'000 | (3,864) | (5,711) | PDF p. 47 |
| - Non-controlling interests$'000 | (48) | (1,644) | PDF p. 47 |
| Subtotal$'000 | (3,912) | (7,355) | PDF p. 47 |
| Earnings per share | |||
| - Basic and diluted earnings per shareCents | (14.84) | (21.73) | PDF p. 47 |
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Definitions & sources
Original report: PDF p. 47 ↗
The accompanying notes form an integral part of these financial statements.
Statements of Financial Position as at 31 December 2025 - Group
29 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Non-current assets | |||
| Plant and equipment$'000 | 1,157 | 1,205 | PDF p. 48 |
| Investment property$'000 | 2,216 | 2,130 | PDF p. 48 |
| Intangible assets$'000 | 1,059 | 930 | PDF p. 48 |
| Investments in subsidiaries$'000 | − | − | PDF p. 48 |
| Other financial assets$'000 | 6,601 | 10,933 | PDF p. 48 |
| Deferred tax assets$'000 | 739 | 783 | PDF p. 48 |
| Total non-current assets$'000 | 11,772 | 15,981 | PDF p. 48 |
| Current assets | |||
| Inventories$'000 | 15 | 7 | PDF p. 48 |
| Trade and other receivables$'000 | 7,814 | 10,960 | PDF p. 48 |
| Other non-financial assets$'000 | 2,055 | 3,325 | PDF p. 48 |
| Cash and cash equivalents$'000 | 13,751 | 10,034 | PDF p. 48 |
| Total current assets$'000 | 23,635 | 24,326 | PDF p. 48 |
| Assets | |||
| Total assets$'000 | 35,407 | 40,307 | PDF p. 48 |
| Equity | |||
| Share capital$'000 | 31,948 | 31,948 | PDF p. 48 |
| Retained earnings (accumulated losses)$'000 | 4,264 | 9,005 | PDF p. 48 |
| Foreign currency translation reserve (adverse balance)$'000 | (9,644) | (10,521) | PDF p. 48 |
| Equity attributable to owners of the company$'000 | 26,568 | 30,432 | PDF p. 48 |
| Non-controlling interests$'000 | 4,833 | 4,881 | PDF p. 48 |
| Total equity$'000 | 31,401 | 35,313 | PDF p. 48 |
| Non-current liabilities | |||
| Lease liabilities$'000 | 254 | 520 | PDF p. 48 |
| Deferred tax liabilities$'000 | − | 13 | PDF p. 48 |
| Total non-current liabilities$'000 | 254 | 533 | PDF p. 48 |
| Current liabilities | |||
| Income tax payable$'000 | 195 | − | PDF p. 48 |
| Trade and other payables$'000 | 2,913 | 2,881 | PDF p. 48 |
| Other non-financial liabilities$'000 | 331 | 323 | PDF p. 48 |
| Borrowings$'000 | − | 910 | PDF p. 48 |
| Lease liabilities$'000 | 313 | 347 | PDF p. 48 |
| Total current liabilities$'000 | 3,752 | 4,461 | PDF p. 48 |
| Equity and liabilities | |||
| Total equity and liabilities$'000 | 35,407 | 40,307 | PDF p. 48 |
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Definitions & sources
Original report: PDF p. 48 ↗
The accompanying notes form an integral part of these financial statements.
Statements of Financial Position as at 31 December 2025 - Company
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company | 2024Company | Source |
|---|---|---|---|
| Non-current assets | |||
| Investments in subsidiaries$'000 | 24,930 | 25,166 | PDF p. 48 |
| Total non-current assets$'000 | 24,930 | 25,166 | PDF p. 48 |
| Current assets | |||
| Trade and other receivables$'000 | 4,109 | 8,411 | PDF p. 48 |
| Other non-financial assets$'000 | − | 2 | PDF p. 48 |
| Cash and cash equivalents$'000 | 628 | 638 | PDF p. 48 |
| Total current assets$'000 | 4,737 | 9,051 | PDF p. 48 |
| Assets | |||
| Total assets$'000 | 29,667 | 34,217 | PDF p. 48 |
| Equity | |||
| Share capital$'000 | 31,948 | 31,948 | PDF p. 48 |
| Retained earnings (accumulated losses)$'000 | (3,022) | 516 | PDF p. 48 |
| Equity attributable to owners of the company$'000 | 28,926 | 32,464 | PDF p. 48 |
| Total equity$'000 | 28,926 | 32,464 | PDF p. 48 |
| Current liabilities | |||
| Income tax payable$'000 | 20 | 3 | PDF p. 48 |
| Trade and other payables$'000 | 721 | 1,750 | PDF p. 48 |
| Total current liabilities$'000 | 741 | 1,753 | PDF p. 48 |
| Liabilities | |||
| Total liabilities$'000 | 741 | 1,753 | PDF p. 48 |
| Equity and liabilities | |||
| Total equity and liabilities$'000 | 29,667 | 34,217 | PDF p. 48 |
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Definitions & sources
Original report: PDF p. 48 ↗
The accompanying notes form an integral part of these financial statements.
Company columns taken from the same combined statement; Company dashes (−) are printed and preserved.
Consolidated Statement of Comprehensive Income (Group)
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, $'000 | 2024Group, $'000 | Source |
|---|---|---|---|
| Profit or loss | |||
| Loss, net of tax$'000 | (4,771) | (8,662) | PDF p. 47 |
| Other comprehensive loss: Items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translating foreign operations, net of tax$'000 | 859 | 1,307 | PDF p. 47 |
| Total | |||
| Total comprehensive loss for the year$'000 | (3,912) | (7,355) | PDF p. 47 |
| Loss for the year attributable to | |||
| - Owners of the company$'000 | (4,741) | (6,945) | PDF p. 47 |
| - Non-controlling interests$'000 | (30) | (1,717) | PDF p. 47 |
| Total comprehensive loss for the year attributable to | |||
| - Owners of the company$'000 | (3,864) | (5,711) | PDF p. 47 |
| - Non-controlling interests$'000 | (48) | (1,644) | PDF p. 47 |
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Definitions & sources
Original report: PDF p. 47 ↗
The accompanying notes form an integral part of these financial statements.
Company statement of comprehensive income is not presented (per Note 1, as permitted by the Companies Act 1967).
Consolidated Statement of Cash Flows (Group)
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, $'000 | 2024Group, $'000 | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Loss before tax$'000 | (4,211) | (8,474) | PDF p. 50 |
| Adjustment for | |||
| Interest income$'000 | (134) | (140) | PDF p. 50 |
| Fair value loss on unquoted investments$'000 | 4,213 | 6,227 | PDF p. 50 |
| Amortisation of intangible assets$'000 | 180 | 218 | PDF p. 50 |
| Depreciation of plant and equipment$'000 | 537 | 623 | PDF p. 50 |
| Impairment loss on plant and equipment$'000 | − | 106 | PDF p. 50 |
| Impairment loss on goodwill$'000 | − | 2,141 | PDF p. 50 |
| Impairment loss on deferred development costs$'000 | − | 207 | PDF p. 50 |
| Fair value loss on investment property$'000 | − | 3 | PDF p. 50 |
| Plant and equipment written off$'000 | 16 | − | PDF p. 50 |
| Gain on disposal of plant and equipment$'000 | (8) | − | PDF p. 50 |
| Interest expense$'000 | 50 | 31 | PDF p. 50 |
| Cash flows from operating activities | |||
| Operating cash flows before changes in working capital$'000 | 643 | 942 | PDF p. 50 |
| Inventories$'000 | (8) | (3) | PDF p. 50 |
| Trade and other receivables$'000 | 3,555 | (1,848) | PDF p. 50 |
| Other non-financial assets$'000 | 1,401 | 1,589 | PDF p. 50 |
| Trade and other payables$'000 | (121) | (746) | PDF p. 50 |
| Other non-financial liabilities$'000 | 1 | (159) | PDF p. 50 |
| Cash flows from operating activities (before income taxes paid) | |||
| Net cash flows from (used in) operating activities$'000 | 5,471 | (225) | PDF p. 50 |
| Cash flows from operating activities | |||
| Income taxes paid$'000 | (254) | (350) | PDF p. 50 |
| Cash flows from operating activities (after income taxes paid) | |||
| Net cash flows from (used in) operating activities$'000 | 5,217 | (575) | PDF p. 50 |
| Cash flows used in investing activities | |||
| Purchase of plant and equipment (Note 13)$'000 | (448) | (179) | PDF p. 50 |
| Proceeds from disposal of plant and equipment$'000 | 8 | − | PDF p. 50 |
| Proceeds from disposal of unquoted investments$'000 | − | 350 | PDF p. 50 |
| Investment in unquoted investments$'000 | − | (169) | PDF p. 50 |
| Payments for development costs (Note 15)$'000 | (268) | (509) | PDF p. 50 |
| Interest received$'000 | 134 | 140 | PDF p. 50 |
| Net cash flows used in investing activities$'000 | (574) | (367) | PDF p. 50 |
| Cash flows used in financing activities | |||
| Cash restricted in use$'000 | (58) | (61) | PDF p. 50 |
| Lease liabilities – principal portion paid$'000 | (370) | (350) | PDF p. 50 |
| Proceeds from interest bearing borrowings$'000 | − | 910 | PDF p. 50 |
| Repayment of interest bearing borrowings$'000 | (947) | (896) | PDF p. 50 |
| Interest paid$'000 | (50) | (31) | PDF p. 50 |
| Net cash flows used in financing activities$'000 | (1,425) | (428) | PDF p. 50 |
| Net change in cash | |||
| Net increase (decrease) in cash and cash equivalents$'000 | 3,218 | (1,370) | PDF p. 50 |
| Cash and cash equivalents, consolidated statement of cash flows, beginning balance$'000 | 7,546 | 8,662 | PDF p. 50 |
| Effect of exchange rate changes on cash and cash equivalents$'000 | 347 | 254 | PDF p. 50 |
| Cash and cash equivalents, consolidated statement of cash flows,$'000 | 11,111 | 7,546 | PDF p. 50 |
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Definitions & sources
Original report: PDF p. 50 ↗
The accompanying notes form an integral part of these financial statements.
Closing row label is wrapped: 'Cash and cash equivalents, consolidated statement of cash flows, ending balance (Note 22A)'. No Company cash flow statement is presented.
Statement of Changes in Equity - Group, current year (2025)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group Total equity, $'000 | 2025Group Attributable to owners of parent sub-total, $'000 | 2025Group Share capital, $'000 | 2025Group Retained earnings, $'000 | 2025Group Foreign exchange translation reserve, $'000 | 2025Group Non-controlling interest, $'000 | Source |
|---|---|---|---|---|---|---|---|
| Current year | |||||||
| Opening balance at 1 January 2025$'000 | 35,313 | 30,432 | 31,948 | 9,005 | (10,521) | 4,881 | PDF p. 49 |
| Current year - Changes in equity | |||||||
| Total comprehensive loss for the year$'000 | (3,912) | (3,864) | − | (4,741) | 877 | (48) | PDF p. 49 |
| Current year | |||||||
| Closing balance at 31 December 2025$'000 | 31,401 | 26,568 | 31,948 | 4,264 | (9,644) | 4,833 | PDF p. 49 |
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Definitions & sources
Original report: PDF p. 49 ↗
Group statement; the printed table covers current and previous year.
Statement of Changes in Equity - Group, previous year (2024)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group Total equity, $'000 | 2024Group Attributable to owners of parent sub-total, $'000 | 2024Group Share capital, $'000 | 2024Group Retained earnings, $'000 | 2024Group Foreign exchange translation reserve, $'000 | 2024Group Non-controlling interest, $'000 | Source |
|---|---|---|---|---|---|---|---|
| Previous year | |||||||
| Opening balance at 1 January 2024$'000 | 42,668 | 36,143 | 31,948 | 15,950 | (11,755) | 6,525 | PDF p. 49 |
| Previous year - Changes in equity | |||||||
| Total comprehensive loss for the year$'000 | (7,355) | (5,711) | − | (6,945) | 1,234 | (1,644) | PDF p. 49 |
| Previous year | |||||||
| Closing balance at 31 December 2024$'000 | 35,313 | 30,432 | 31,948 | 9,005 | (10,521) | 4,881 | PDF p. 49 |
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Definitions & sources
Original report: PDF p. 49 ↗
Group statement previous year.
Statement of Changes in Equity - Company, current year (2025)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company Total equity, $'000 | 2025Company Share capital, $'000 | 2025Company Retained earnings (accumulated loss), $'000 | Source |
|---|---|---|---|---|
| Current year | ||||
| Opening balance at 1 January 2025$'000 | 32,464 | 31,948 | 516 | PDF p. 49 |
| Current year - Changes in equity | ||||
| Total comprehensive loss for the year$'000 | (3,538) | − | (3,538) | PDF p. 49 |
| Current year | ||||
| Closing balance at 31 December 2025$'000 | 28,926 | 31,948 | (3,022) | PDF p. 49 |
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Definitions & sources
Original report: PDF p. 49 ↗
Company statement.
Statement of Changes in Equity - Company, previous year (2024)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Company Total equity, $'000 | 2024Company Share capital, $'000 | 2024Company Retained earnings (accumulated loss), $'000 | Source |
|---|---|---|---|---|
| Previous year | ||||
| Opening balance at 1 January 2024$'000 | 32,396 | 31,948 | 448 | PDF p. 49 |
| Previous year - Changes in equity | ||||
| Total comprehensive profit for the year$'000 | 68 | − | 68 | PDF p. 49 |
| Previous year | ||||
| Closing balance at 31 December 2024$'000 | 32,464 | 31,948 | 516 | PDF p. 49 |
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Definitions & sources
Original report: PDF p. 49 ↗
Company statement previous year.
Financial Highlights - Consolidated Income Statement Data
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Consolidated Income Statement Data | ||||||
| RevenueS$'000 | 23,871 | 23,249 | 18,281 | 17,566 | 15,943 | PDF p. 2 |
| Gross profitS$'000 | 11,630 | 11,302 | 8,515 | 9,389 | 10,180 | PDF p. 2 |
| Total other incomeS$'000 | 8,361 | 230 | 309 | 206 | 223 | PDF p. 2 |
| Total operating expensesS$'000 | 9,524 | 14,015 | 20,084 | 18,038 | 14,564 | PDF p. 2 |
| Finance costsS$'000 | 108 | 44 | 28 | 31 | 50 | PDF p. 2 |
| EBITDAS$'000 | 11,487 | (1,601) | (10,539) | (7,742) | (3,578) | PDF p. 2 |
| Profit before income taxS$'000 | 10,359 | (2,527) | (11,288) | (8,474) | (4,211) | PDF p. 2 |
| Net profitS$'000 | 9,511 | (3,244) | (11,717) | (8,662) | (4,771) | PDF p. 2 |
| Basic earnings per share (cents)cents | 28.40 | (10.98) | (26.34) | (21.73) | (14.84) | PDF p. 2 |
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Original report: PDF p. 2 ↗
(In S$'000 except per-share amounts). Years ended 31 Dec.
Financial Highlights - Consolidated Balance Sheet Data
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Consolidated Balance Sheet Data | ||||||
| Total assetsS$'000 | 71,369 | 63,134 | 48,075 | 40,307 | 35,407 | PDF p. 2 |
| Working capitalS$'000 | 18,995 | 21,622 | 19,229 | 19,865 | 19,883 | PDF p. 2 |
| Cash and cash equivalentsS$'000 | 13,823 | 13,223 | 10,965 | 10,034 | 13,751 | PDF p. 2 |
| BorrowingsS$'000 | 274 | 897 | 846 | 910 | - | PDF p. 2 |
| Shareholders' equityS$'000 | 51,972 | 46,323 | 36,143 | 30,432 | 26,568 | PDF p. 2 |
| Net asset value per ordinary share (cents)cents | 162.63 | 144.95 | 113.10 | 95.23 | 83.14 | PDF p. 2 |
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Definitions & sources
Original report: PDF p. 2 ↗
(In S$'000 except per-share amounts). Years ended 31 Dec.
Note 12 Earnings per share (Group)
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share | |||
| Loss, net of tax attributable to owners of the company$'000 | (4,741) | (6,945) | PDF p. 64 |
| Weighted average number of equity shares'000 shares | 31,957 | 31,957 | PDF p. 64 |
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Original report: PDF p. 64 ↗
Basic and diluted EPS computed on same basis as there are no potential dilutive ordinary shares; shares of no par value. Weighted average number of equity shares refers to shares in circulation during the reporting year. Basic EPS = profit net of tax attributable to owners divided by weighted average number of ordinary shares. Reported basic and diluted EPS: (14.84) cents 2025, (21.73) cents 2024 (per page 47 face of income statement, not re-quoted here).
Where the money comes from
Segment information
By business
Operating segments 2025 – profit or loss, assets and liabilities 22 lines
| Item / unit | 2025Unifiedcomms, $'000 | 2025GlobeOSS, $'000 | 2025Captii Ventures, $'000 | 2025Others, $'000 | 2025Elimination, $'000 | 2025Group, $'000 | Source |
|---|---|---|---|---|---|---|---|
| Revenue by segment | |||||||
| - External$'000 | 9,942 | 5,958 | − | 43 | − | 15,943 | PDF p. 56 |
| - Inter-segment$'000 | − | 536 | − | 515 | (1,051) | − | PDF p. 56 |
| Profit or loss | |||||||
| Cost of sales$'000 | (4,037) | (2,261) | − | (58) | 593 | (5,763) | PDF p. 56 |
| Gross profit$'000 | 5,905 | 4,233 | − | 500 | (458) | 10,180 | PDF p. 56 |
| Interest income$'000 | 53 | 81 | − | − | − | 134 | PDF p. 56 |
| Other income and gains$'000 | 224 | 11 | − | 111 | (257) | 89 | PDF p. 56 |
| Technical support expenses$'000 | (2,560) | (2,892) | − | (61) | 8 | (5,505) | PDF p. 56 |
| Distribution costs$'000 | (462) | (861) | − | − | 11 | (1,312) | PDF p. 56 |
| Administrative expenses$'000 | (2,009) | (623) | (298) | (789) | 622 | (3,097) | PDF p. 56 |
| Other losses$'000 | (252) | (16) | (4,330) | (4,815) | 4,763 | (4,650) | PDF p. 56 |
| Finance costs$'000 | (17) | (33) | − | − | − | (50) | PDF p. 56 |
| Profit (loss) before tax$'000 | 882 | (100) | (4,628) | (5,054) | 4,689 | (4,211) | PDF p. 56 |
| Income tax expense$'000 | (534) | 38 | − | (64) | − | (560) | PDF p. 56 |
| Profit (loss), net of tax$'000 | 348 | (62) | (4,628) | (5,118) | 4,689 | (4,771) | PDF p. 56 |
| Profit (loss), net of tax, attributable to | |||||||
| Owners of the company$'000 | 348 | (32) | (4,628) | (5,118) | 4,689 | (4,741) | PDF p. 56 |
| Non-controlling interests$'000 | − | (30) | − | − | − | (30) | PDF p. 56 |
| Other information | |||||||
| Depreciation of plant and equipment$'000 | (411) | (122) | − | (4) | − | (537) | PDF p. 56 |
| Amortisation of intangible assets$'000 | (181) | − | − | − | 1 | (180) | PDF p. 56 |
| Assets and liabilities and reconciliations | |||||||
| Segment assets$'000 | 18,321 | 12,530 | 6,622 | 36,702 | (39,507) | 34,668 | PDF p. 56 |
| Segment liabilities$'000 | 5,870 | 1,482 | 11,025 | 3,738 | (18,109) | 4,006 | PDF p. 56 |
| Other segment items: Capital expenditure | |||||||
| - Plant and equipment$'000 | 404 | 44 | − | − | − | 448 | PDF p. 56 |
| - Development costs$'000 | 247 | 21 | − | − | − | 268 | PDF p. 56 |
Notes
Segment descriptions: Unifiedcomms, GlobeOSS, Captii Ventures, Others (investment holding and operational headquarters). Total capital expenditure printed as 716 in Group column (unlabelled subtotal row). Other information rows for impairment/fair value loss on unquoted investments omitted for brevity except those listed.
Operating segments 2024 – profit or loss, assets and liabilities 22 lines
| Item / unit | 2024Unifiedcomms, $'000 | 2024GlobeOSS, $'000 | 2024Captii Ventures, $'000 | 2024Others, $'000 | 2024Elimination, $'000 | 2024Group, $'000 | Source |
|---|---|---|---|---|---|---|---|
| Revenue by segment | |||||||
| - External$'000 | 10,249 | 7,317 | − | − | − | 17,566 | PDF p. 57 |
| - Inter-segment$'000 | − | 475 | − | 469 | (944) | − | PDF p. 57 |
| Profit or loss | |||||||
| Cost of sales$'000 | (4,790) | (3,845) | − | (54) | 512 | (8,177) | PDF p. 57 |
| Gross profit$'000 | 5,459 | 3,947 | − | 415 | (432) | 9,389 | PDF p. 57 |
| Interest income$'000 | 57 | 83 | − | − | − | 140 | PDF p. 57 |
| Other income and gains$'000 | 174 | 29 | 122 | 89 | (348) | 66 | PDF p. 57 |
| Technical support expenses$'000 | (2,442) | (2,658) | − | (59) | 38 | (5,121) | PDF p. 57 |
| Distribution costs$'000 | (400) | (662) | − | − | 12 | (1,050) | PDF p. 57 |
| Administrative expenses$'000 | (1,937) | (543) | (347) | (801) | 577 | (3,051) | PDF p. 57 |
| Other losses$'000 | (2,485) | (53) | (6,227) | (208) | 157 | (8,816) | PDF p. 57 |
| Finance costs$'000 | (29) | (2) | − | − | − | (31) | PDF p. 57 |
| (Loss) profit before tax$'000 | (1,603) | 141 | (6,452) | (564) | 4 | (8,474) | PDF p. 57 |
| Income tax expense$'000 | (208) | 44 | − | (24) | − | (188) | PDF p. 57 |
| (Loss) profit, net of tax$'000 | (1,811) | 185 | (6,452) | (588) | 4 | (8,662) | PDF p. 57 |
| (Loss) profit, net of tax, attributable to | |||||||
| Owners of the company$'000 | (1,811) | 94 | (4,644) | (588) | 4 | (6,945) | PDF p. 57 |
| Non-controlling interests$'000 | − | 91 | (1,808) | − | − | (1,717) | PDF p. 57 |
| Other information | |||||||
| Depreciation of plant and equipment$'000 | (487) | (135) | − | (1) | − | (623) | PDF p. 57 |
| Amortisation of intangible assets$'000 | (220) | − | − | − | 2 | (218) | PDF p. 57 |
| Assets and liabilities and reconciliations | |||||||
| Segment assets$'000 | 18,446 | 13,723 | 10,962 | 40,912 | (44,519) | 39,524 | PDF p. 57 |
| Segment liabilities$'000 | 5,463 | 2,756 | 10,735 | 4,488 | (18,461) | 4,981 | PDF p. 57 |
| Other segment items: Capital expenditure | |||||||
| - Plant and equipment$'000 | 154 | 25 | − | − | − | 179 | PDF p. 57 |
| - Development costs$'000 | 509 | − | − | − | − | 509 | PDF p. 57 |
Notes
Total capital expenditure printed as 688 in Group column (unlabelled subtotal row). Other information rows (impairments, fair value losses) not all extracted.
By geography
Geographical segments – Group 7 lines
| Item / unit | 2025Group Revenue, $'000 | 2025Group Total assets, $'000 | 2025Group Non-current assets, $'000 | 2025Group Capital expenditure, $'000 | 2024Group Revenue, $'000 | 2024Group Total assets, $'000 | 2024Group Non-current assets, $'000 | 2024Group Capital expenditure, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Geographical segments | |||||||||
| South East Asia (#)$'000 | 15,670 | 33,640 | 10,899 | 631 | 17,231 | 38,280 | 15,157 | 688 | PDF p. 58 |
| South Asia$'000 | 96 | 508 | 49 | − | 86 | 535 | 41 | − | PDF p. 58 |
| Middle East and Africa$'000 | 177 | 171 | 85 | 85 | 249 | 135 | − | − | PDF p. 58 |
| Others$'000 | − | 349 | − | − | − | 574 | − | − | PDF p. 58 |
| (#) South East Asia included | |||||||||
| Singapore$'000 | 652 | 8,810 | 7,186 | 53 | 648 | 12,205 | 10,912 | − | PDF p. 58 |
| Malaysia$'000 | 13,371 | 22,046 | 3,542 | 578 | 15,297 | 23,041 | 3,435 | 688 | PDF p. 58 |
| Others$'000 | 1,647 | 2,784 | 171 | − | 1,286 | 3,034 | 810 | − | PDF p. 58 |
Notes
Total row (unlabelled): 15,943 34,668 11,033 716. Non-current assets exclude deferred tax assets. Revenues attributed by customer location.
Total row (unlabelled): 17,566 39,524 15,198 688.
Revenue by geography and business segment 3 lines
| Item / unit | 2025Unified comms, $'000 | 2025GlobeOSS, $'000 | 2025Others, $'000 | 2025Total, $'000 | 2024Unified comms, $'000 | 2024GlobeOSS, $'000 | 2024Others, $'000 | 2024Total, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| South East Asia$'000 | 9,669 | 5,958 | 43 | 15,670 | 9,914 | 7,317 | − | 17,231 | PDF p. 58 |
| South Asia$'000 | 96 | − | − | 96 | 86 | − | − | 86 | PDF p. 58 |
| Middle East and Africa$'000 | 177 | − | − | 177 | 249 | − | − | 249 | PDF p. 58 |
Notes
Total row (unlabelled): 9,942 5,958 43 15,943.
Total row (unlabelled): 10,249 7,317 − 17,566. The table sits under the 2024 geographic block on the same page; header_quote is the repeated column header.
Debt
Borrowings
Maturity analysis, 2025 (Group, contractual undiscounted cash flows)
| Item / unit | 2025Less than 1 year | 20252 – 5 years | 2025Total | Source |
|---|---|---|---|---|
| 2025 | ||||
| Gross lease liabilities$'000 | 329 | 266 | 595 | PDF p. 84 |
Notes
No gross borrowings commitments printed for 2025. Trade and other payables also shown (2,913; −; 2,913).
Maturity analysis, 2024 (Group, contractual undiscounted cash flows)
| Item / unit | 2024Less than 1 year | 20242 – 5 years | 2024Total | Source |
|---|---|---|---|---|
| 2024 | ||||
| Gross borrowings commitments$'000 | 931 | − | 931 | PDF p. 84 |
| Gross lease liabilities$'000 | 365 | 545 | 910 | PDF p. 84 |
Notes
Trade and other payables also shown (2,881; −; 2,881).
Borrowing notes 3 tables
Borrowings
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Financial instruments with floating interest rates | |||
| Term loan (Note 26A)$'000 | − | 910 | PDF p. 81 |
| Borrowings | |||
| Total current borrowings$'000 | − | 910 | PDF p. 81 |
Notes
Term loan is secured (Note 26A): secured by fixed deposits of the subsidiary approx $2,310,000, personal guarantee of a director of the subsidiary, and corporate guarantee of the company of $1,963,000. Drawn down December 2024 and fully repaid May 2025. All borrowings classified current; floating rate.
Floating interest rates paid on borrowings
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| The floating interest rates paid during the period | |||
| Term loan% | − | 4.81 | PDF p. 81 |
Lease liabilities
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Lease liabilities | |||
| Lease liabilities, current$'000 | 313 | 347 | PDF p. 82 |
| Lease liabilities, non-current$'000 | 254 | 520 | PDF p. 82 |
| Total lease liabilities$'000 | 567 | 867 | PDF p. 82 |
Notes
The weighted average incremental borrowing rate applied to lease liabilities recognised is 4.81% (2024: 4.81%) per year.
Lease liabilities under lease arrangements are secured by the right-of-use assets because these will revert to the lessor in the event of default.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The company does not have a fixed dividend policy. In considering the amount, frequency and form of dividend payments, the board takes into account the group’s financial results, cash position, capital requirements of the group’s growth and development plan, the company’s retained earnings and other factors. | Company | PDF p. 32 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | RSM SG Assurance LLP | Group and company, FY2025 | PDF p. 46 |
| Engagement partner | Lim Pei Lien | Group and company, FY2025 | PDF p. 46 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and company, FY2025 · As at 31 December 2025 | PDF p. 44 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Fair value of unquoted investments | unquoted investments, comprising mainly of unquoted equity investments and unquoted debt securities, amounted to $6.6 million and represented approximately 19% of the group’s total assets. | Group, FY2025 | PDF p. 44 |
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.