Acma AYV
SGD 0.053
+0.00% +0.00 Updated 19 Oct 2026, 14:19 SGT
Financials
Annual Report 2025
Explore the statements
7 tablesConsolidated statement of profit or loss and other comprehensive income (Group)
29 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| RevenueS$'000 | 7,899 | 9,418 | PDF p. 39 |
| Other incomeS$'000 | 104 | 1,279 | PDF p. 39 |
| Cost and expenses | |||
| Raw materials and consumables usedS$'000 | (4,702) | (6,139) | PDF p. 39 |
| Employee benefits expenseS$'000 | (3,463) | (3,501) | PDF p. 39 |
| Finance costsS$'000 | (92) | (508) | PDF p. 39 |
| Depreciation of property, plant and equipmentS$'000 | (246) | (261) | PDF p. 39 |
| Other operating expensesS$'000 | (1,005) | (900) | PDF p. 39 |
| Remeasurement of loss allowance on financial assets, netS$'000 | (36) | (33) | PDF p. 39 |
| Total costs and expensesS$'000 | (9,544) | (11,342) | PDF p. 39 |
| Income statement | |||
| Loss before income tax from continuing operationsS$'000 | (1,541) | (645) | PDF p. 39 |
| Income tax expenseS$'000 | (7) | (35) | PDF p. 39 |
| Loss from continuing operationsS$'000 | (1,548) | (680) | PDF p. 39 |
| Discontinued operations | |||
| Profit for the year from discontinued operations, net of taxationS$'000 | - | 1,455 | PDF p. 39 |
| Income statement | |||
| (Loss)/Profit for the yearS$'000 | (1,548) | 775 | PDF p. 39 |
| Other comprehensive loss | |||
| Exchange difference on translating foreign operationsS$'000 | - | (812) | PDF p. 39 |
| Other comprehensive loss for the yearS$'000 | - | (812) | PDF p. 39 |
| Total comprehensive income | |||
| TOTAL COMPREHENSIVE LOSS FOR THE YEARS$'000 | (1,548) | (37) | PDF p. 39 |
| Attributable to: Continuing operations, net of taxation | |||
| Owners of the CompanyS$'000 | (1,370) | (811) | PDF p. 39 |
| Non-controlling interestsS$'000 | (178) | 131 | PDF p. 39 |
| Attributable to: Discontinued operations, net of taxation | |||
| Owners of the CompanyS$'000 | - | 1,455 | PDF p. 39 |
| Non-controlling interestsS$'000 | - | - | PDF p. 39 |
| Total comprehensive (loss)/profit attributable to | |||
| Owners of the CompanyS$'000 | (1,370) | (168) | PDF p. 40 |
| Non-controlling interestsS$'000 | (178) | 131 | PDF p. 40 |
| (Loss)/Earnings per share | |||
| Basic loss per share from continuing operationscents per share | (3.20) | (1.90) | PDF p. 40 |
| Basic earnings per share from discontinued operationscents per share | - | 3.40 | PDF p. 40 |
| Total basic (loss)/earnings per sharecents per share | (3.20) | 1.50 | PDF p. 40 |
| Diluted loss per share from continuing operationscents per share | (3.20) | (1.90) | PDF p. 40 |
| Diluted earnings per share from discontinued operationscents per share | - | 3.40 | PDF p. 40 |
| Total diluted (loss)/earnings per sharecents per share | (3.20) | 1.50 | PDF p. 40 |
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Definitions & sources
Original report: PDF p. 39 ↗ PDF p. 40 ↗
The statement continues across physical pages 39 and 40. EPS is in cents per share. Subtotal rows for attributable totals ((1,548)/(680); -/1,455) are unlabelled and omitted.
Statements of financial position (Group and Company)
27 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentS$'000 | 583 | 714 | 363 | 561 | PDF p. 41 |
| Investments in subsidiariesS$'000 | - | - | 3,285 | 3,269 | PDF p. 41 |
| Total non-current assetsS$'000 | 583 | 714 | 3,648 | 3,830 | PDF p. 41 |
| Current assets | |||||
| InventoriesS$'000 | 2,282 | 1,193 | - | - | PDF p. 41 |
| Trade and other receivablesS$'000 | 2,271 | 4,943 | 1,215 | 3,629 | PDF p. 41 |
| Amounts owing by subsidiariesS$'000 | - | - | - | 870 | PDF p. 41 |
| Cash and bank balancesS$'000 | 1,613 | 1,977 | 28 | 80 | PDF p. 41 |
| Total current assetsS$'000 | 6,166 | 8,113 | 1,243 | 4,579 | PDF p. 41 |
| Assets | |||||
| Total assetsS$'000 | 6,749 | 8,827 | 4,891 | 8,409 | PDF p. 41 |
| Equity | |||||
| Share capitalS$'000 | 195,039 | 195,039 | 195,039 | 195,039 | PDF p. 41 |
| Accumulated lossesS$'000 | (194,497) | (193,127) | (193,503) | (192,212) | PDF p. 41 |
| Equity attributable to owners of the parentS$'000 | 542 | 1,912 | 1,536 | 2,827 | PDF p. 41 |
| Non-controlling interestsS$'000 | 550 | 728 | - | - | PDF p. 41 |
| Total equityS$'000 | 1,092 | 2,640 | 1,536 | 2,827 | PDF p. 41 |
| Non-current liabilities | |||||
| Lease liabilitiesS$'000 | 32 | 106 | 32 | 106 | PDF p. 41 |
| Deferred tax liabilitiesS$'000 | 9 | 9 | - | - | PDF p. 41 |
| Other payablesS$'000 | 200 | 200 | 200 | 200 | PDF p. 41 |
| Total non-current liabilitiesS$'000 | 241 | 315 | 232 | 306 | PDF p. 41 |
| Current liabilities | |||||
| Amounts owing to subsidiariesS$'000 | - | - | 2,152 | 3,780 | PDF p. 41 |
| Lease liabilitiesS$'000 | 74 | 82 | 74 | 82 | PDF p. 41 |
| Bank borrowingsS$'000 | 571 | 963 | - | - | PDF p. 41 |
| Trade and other payablesS$'000 | 4,025 | 4,293 | 897 | 1,414 | PDF p. 41 |
| Contract liabilities from contracts with customersS$'000 | 731 | 526 | - | - | PDF p. 41 |
| Income tax payablesS$'000 | 15 | 8 | - | - | PDF p. 41 |
| Total current liabilitiesS$'000 | 5,416 | 5,872 | 3,123 | 5,276 | PDF p. 41 |
| Liabilities | |||||
| Total liabilitiesS$'000 | 5,657 | 6,187 | 3,355 | 5,582 | PDF p. 41 |
| Equity and liabilities | |||||
| Total equity and liabilitiesS$'000 | 6,749 | 8,827 | 4,891 | 8,409 | PDF p. 41 |
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Definitions & sources
Original report: PDF p. 41 ↗
As at 31 December 2025, with comparatives as at 31 December 2024.
Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group) - comprehensive income and attribution
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, S$'000 | 2024Group, S$'000 | Source |
|---|---|---|---|
| Income statement | |||
| (Loss)/Profit for the yearS$'000 | (1,548) | 775 | PDF p. 39 |
| Other comprehensive loss | |||
| Exchange difference on translating foreign operationsS$'000 | - | (812) | PDF p. 39 |
| Other comprehensive loss for the yearS$'000 | - | (812) | PDF p. 39 |
| Total comprehensive income | |||
| TOTAL COMPREHENSIVE LOSS FOR THE YEARS$'000 | (1,548) | (37) | PDF p. 39 |
| Attributable to: Continuing operations, net of taxation (profit or loss) | |||
| Owners of the CompanyS$'000 | (1,370) | (811) | PDF p. 39 |
| Non-controlling interestsS$'000 | (178) | 131 | PDF p. 39 |
| Attributable to: Discontinued operations, net of taxation | |||
| Owners of the CompanyS$'000 | - | 1,455 | PDF p. 39 |
| Non-controlling interestsS$'000 | - | - | PDF p. 39 |
| Total comprehensive (loss)/profit attributable to | |||
| Owners of the CompanyS$'000 | (1,370) | (168) | PDF p. 40 |
| Non-controlling interestsS$'000 | (178) | 131 | PDF p. 40 |
| (Loss)/Earnings per share attributable to owners of the Company | |||
| Total basic (loss)/earnings per sharecents per share | (3.20) | 1.50 | PDF p. 40 |
| Total diluted (loss)/earnings per sharecents per share | (3.20) | 1.50 | PDF p. 40 |
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Definitions & sources
Original report: PDF p. 39 ↗ PDF p. 40 ↗
No separate Company comprehensive income statement is presented; Company's loss and total comprehensive loss appear in its statement of changes in equity.
Consolidated Statement of Cash Flows (Group)
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, S$'000 | 2024Group, S$'000 | Source |
|---|---|---|---|
| Operating activities | |||
| Loss before income tax from continuing operationsS$'000 | (1,541) | (645) | PDF p. 44 |
| Profit before income tax from discontinued operationsS$'000 | - | 1,239 | PDF p. 44 |
| Total (loss)/profit before income taxS$'000 | (1,541) | 594 | PDF p. 44 |
| Operating activities - Adjustments | |||
| Depreciation of property, plant and equipmentS$'000 | 246 | 401 | PDF p. 44 |
| Unrealised currency translation differencesS$'000 | 117 | (16) | PDF p. 44 |
| Write-off of other payablesS$'000 | (50) | - | PDF p. 44 |
| Write-off of other receivablesS$'000 | 3 | - | PDF p. 44 |
| Interest incomeS$'000 | - | (3) | PDF p. 44 |
| Interest expenseS$'000 | 92 | 538 | PDF p. 44 |
| Allowance on impairment of inventory obsolescenceS$'000 | 31 | 20 | PDF p. 44 |
| Reversal of over provision of sales commissionsS$'000 | - | (288) | PDF p. 44 |
| Gain on termination of leaseS$'000 | - | (277) | PDF p. 44 |
| Remeasurement of loss allowance on financial assets, netS$'000 | 36 | 33 | PDF p. 44 |
| Gain on disposal and deconsolidation of subsidiariesS$'000 | - | (80) | PDF p. 44 |
| Loss on write-off of property, plant and equipmentS$'000 | 7 | 10 | PDF p. 44 |
| Operating activities | |||
| Total operating cash (outflows)/inflow before movements in working capitalS$'000 | (1,059) | 932 | PDF p. 44 |
| Changes in working capital | |||
| Trade and other receivablesS$'000 | 2,669 | (1,849) | PDF p. 44 |
| InventoriesS$'000 | (1,120) | 190 | PDF p. 44 |
| Contract liabilities from contracts with customersS$'000 | 172 | (491) | PDF p. 44 |
| Trade and other payablesS$'000 | (291) | (571) | PDF p. 44 |
| Operating activities | |||
| Cash generated from/(used in) operationsS$'000 | 371 | (1,789) | PDF p. 44 |
| Income taxes paidS$'000 | - | (27) | PDF p. 44 |
| Net cash flows generated from/(used in) operating activitiesS$'000 | 371 | (1,816) | PDF p. 44 |
| Investing activities | |||
| Interest receivedS$'000 | - | 3 | PDF p. 44 |
| Purchase of property, plant and equipmentS$'000 | (122) | (181) | PDF p. 44 |
| Proceeds from disposal/deconsolidation of subsidiaries, netS$'000 | - | 5,394 | PDF p. 44 |
| Net cash flows (used in)/generated from investing activitiesS$'000 | (122) | 5,216 | PDF p. 44 |
| Financing activities | |||
| Interest paidS$'000 | (92) | (515) | PDF p. 45 |
| Proceeds from bank borrowingsS$'000 | 2,529 | 1,941 | PDF p. 45 |
| Repayment of bank borrowingsS$'000 | (2,492) | (6,104) | PDF p. 45 |
| Repayment of lease liabilitiesS$'000 | (82) | (141) | PDF p. 45 |
| Net cash flows used in financing activitiesS$'000 | (137) | (4,819) | PDF p. 45 |
| Net change in cash | |||
| Net increase/(decrease) in cash and cash equivalentsS$'000 | 112 | (1,419) | PDF p. 45 |
| Cash and cash equivalents at beginning of the financial yearS$'000 | 1,548 | 2,942 | PDF p. 45 |
| Effect of currency translation on cash and cash equivalentsS$'000 | (47) | 25 | PDF p. 45 |
| Closing cash | |||
| Cash and cash equivalents at end of the financial yearS$'000 | 1,613 | 1,548 | PDF p. 45 |
| Cash and cash equivalents comprise | |||
| Cash and bank balancesS$'000 | 1,613 | 1,977 | PDF p. 45 |
| Bank overdraftsS$'000 | - | (429) | PDF p. 45 |
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Definitions & sources
Original report: PDF p. 44 ↗ PDF p. 45 ↗
Footnote 1: During the financial year, the Group acquired property, plant and equipment with an aggregate cost of S$122,000 (2024: S$741,000) of which S$Nil (2024: S$560,000) was acquired by means of lease and S$122,000 (2024: S$181,000) by way of cash.
Only a consolidated cash flow statement is presented; no separate Company cash flow statement.
Earnings per share (Note 11) - Group
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, Total | 2024Group, Total | Source |
|---|---|---|---|
| Earnings per share | |||
| Weighted average number of ordinary shares in issue at beginning and end of the financial year'000 shares | 42,391 | 42,391 | PDF p. 74 |
| Basic and dilutedcents | (3.20) | 1.50 | PDF p. 74 |
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Definitions & sources
Original report: PDF p. 74 ↗
The basic and diluted (loss)/earnings per share is the same as there were no potentially dilutive instruments.
(Loss)/Profit attributable to ordinary shareholders: continuing (1,370) 2025, (811) 2024; discontinued - 2025, 1,455 2024; total (1,370), 644 (S$'000).
Earnings per share on face of consolidated statement of profit or loss
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share (cents per share) | |||
| Basic loss per share from continuing operationscents per share | (3.20) | (1.90) | PDF p. 40 |
| Basic earnings per share from discontinued operationscents per share | - | 3.40 | PDF p. 40 |
| Total basic (loss)/earnings per sharecents per share | (3.20) | 1.50 | PDF p. 40 |
| Diluted loss per share from continuing operationscents per share | (3.20) | (1.90) | PDF p. 40 |
| Diluted earnings per share from discontinued operationscents per share | - | 3.40 | PDF p. 40 |
| Total diluted (loss)/earnings per sharecents per share | (3.20) | 1.50 | PDF p. 40 |
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Definitions & sources
Original report: PDF p. 40 ↗
Net asset value per share (Note 18)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Net asset value per share | |||||
| Total equity excluding non-controlling interests (S$'000)S$'000 | 542 | 1,912 | 1,536 | 2,827 | PDF p. 82 |
| Total number of shares ('000)'000 shares | 42,391 | 42,391 | 42,391 | 42,391 | PDF p. 82 |
| Net asset value per share (cents)cents | 1.28 | 4.51 | 3.62 | 6.67 | PDF p. 82 |
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Definitions & sources
Original report: PDF p. 82 ↗
The Group's and the Company's net asset value per share as at 31 December is as follows.
Where the money comes from
Segment information
By business
Business segments – revenue and results, year ended 31 December 22 lines
| Item / unit | 2025Tooling and plastic injection moulding | 2025Communications, electronics and equipment distribution | 2025Investment | 2025Elimination | 2025Consolidated | 2024Tooling and plastic injection moulding | 2024Communications, electronics and equipment distribution | 2024Investment | 2024Tooling and plastic injection moulding (discontinued) | 2024Elimination | 2024Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| External customersS$'000 | 1,359 | 6,540 | - | - | 7,899 | 1,834 | 7,584 | - | 12,216 | - | 21,634 | PDF p. 88PDF p. 89 |
| Inter-segment(*)S$'000 | - | - | 1,174 | (1,174) | - | - | - | 1,174 | - | (1,174) | - | PDF p. 88PDF p. 89 |
| Total revenueS$'000 | 1,359 | 6,540 | 1,174 | (1,174) | 7,899 | 1,834 | 7,584 | 1,174 | 12,216 | (1,174) | 21,634 | PDF p. 88PDF p. 89 |
| Results | ||||||||||||
| Profit/(Loss) from operationsS$'000 | 103 | 579 | (1,858) | - | (1,176) | 446 | 619 | (2,066) | 1,329 | - | 328 | PDF p. 88PDF p. 89 |
| Depreciation of property, plant and equipmentS$'000 | (4) | (45) | (197) | - | (246) | (8) | (40) | (213) | (140) | - | (401) | PDF p. 88PDF p. 89 |
| Finance costsS$'000 | - | (82) | (10) | - | (92) | (382) | (105) | (21) | (30) | - | (538) | PDF p. 88PDF p. 89 |
| Loss on write-off of property, plant & equipmentS$'000 | - | (7) | - | - | (7) | - | - | (10) | - | - | (10) | PDF p. 88PDF p. 89 |
| Write-off of other receivablesS$'000 | - | - | (3) | - | (3) | PDF p. 88 | ||||||
| Write-off of other payablesS$'000 | 50 | - | - | - | 50 | PDF p. 88 | ||||||
| Allowance on impairment of inventory obsolescenceS$'000 | - | (31) | - | - | (31) | PDF p. 88 | ||||||
| Remeasurement of loss allowance on financial assets, netS$'000 | - | (36) | - | - | (36) | PDF p. 88 | ||||||
| Profit/(Loss) before income taxS$'000 | 149 | 378 | (2,068) | - | (1,541) | 56 | 1,329 | (2,030) | 1,239 | - | 594 | PDF p. 88PDF p. 89 |
| Income tax expenseS$'000 | (7) | - | - | - | (7) | PDF p. 88 | ||||||
| Net profit/(loss) for the financial yearS$'000 | 142 | 378 | (2,068) | - | (1,548) | 19 | 1,320 | (2,019) | 1,455 | - | 775 | PDF p. 88PDF p. 89 |
| Interest incomeS$'000 | - | - | 3 | - | - | 3 | PDF p. 89 | |||||
| Gain on disposal and deconsolidation of subsidiariesS$'000 | - | - | - | 80 | - | 80 | PDF p. 89 | |||||
| Insurance claim, net of compensation paidS$'000 | - | 620 | - | - | - | 620 | PDF p. 89 | |||||
| Reversal of over provision of sales commissionsS$'000 | - | 288 | - | - | - | 288 | PDF p. 89 | |||||
| Gain on termination of leaseS$'000 | - | - | 277 | - | - | 277 | PDF p. 89 | |||||
| Allowance on impairment of inventoryS$'000 | - | (20) | - | - | - | (20) | PDF p. 89 | |||||
| Remeasurement of loss allowance on financialS$'000 | - | (33) | - | - | - | (33) | PDF p. 89 | |||||
| Income tax (expense)/creditS$'000 | (37) | (9) | 11 | 216 | - | 181 | PDF p. 89 | |||||
Notes
(*) Inter-segment revenues are eliminated on consolidation.
Some row labels wrap across two lines in the source; the Gain on disposal and deconsolidation of subsidiaries and Remeasurement of loss allowance on financial assets, net rows are quoted from their second line (values line).
Business segments – assets and liabilities, as at 31 December 18 lines
| Item / unit | 2025Tooling and plastic injection moulding | 2025Communications, electronics and equipment distribution | 2025Investment | 2025Consolidated | 2024Tooling and plastic injection moulding | 2024Communications, electronics and equipment distribution | 2024Investment | 2024Tooling and plastic injection moulding (discontinued) | 2024Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Segment assetsS$'000 | 944 | 5,062 | 743 | 6,749 | 870 | 3,896 | 4,061 | - | 8,827 | PDF p. 90PDF p. 91 |
| Total assetsS$'000 | 944 | 5,062 | 743 | 6,749 | 870 | 3,896 | 4,061 | - | 8,827 | PDF p. 90PDF p. 91 |
| Liabilities | ||||||||||
| Total liabilitiesS$'000 | (419) | (3,823) | (1,415) | (5,657) | (350) | (3,716) | (2,121) | - | (6,187) | PDF p. 90PDF p. 91 |
| Net assets | ||||||||||
| Net assets/(liabilities)S$'000 | 525 | 1,239 | (672) | 1,092 | PDF p. 90 | |||||
| Capital expenditure | ||||||||||
| Capital expenditure – tangible assetsS$'000 | - | 122 | - | 122 | 14 | 81 | 86 | - | 181 | PDF p. 90PDF p. 91 |
| Other material non-cash items | ||||||||||
| Depreciation of property, plant and equipmentS$'000 | 4 | 45 | 197 | 246 | 8 | 40 | 213 | 140 | 401 | PDF p. 90PDF p. 91 |
| Finance costsS$'000 | - | 82 | 10 | 92 | 382 | 105 | 21 | 30 | 538 | PDF p. 90PDF p. 91 |
| Write-off of other payablesS$'000 | (50) | - | - | (50) | PDF p. 90 | |||||
| Remeasurement of loss allowance on financial assets, netS$'000 | - | 36 | - | 36 | - | 33 | - | - | 33 | PDF p. 90PDF p. 91 |
| Allowance on impairment of inventory obsolescenceS$'000 | - | 31 | - | 31 | - | 20 | - | - | 20 | PDF p. 90PDF p. 91 |
| Loss on write-off of property, plant and equipmentS$'000 | - | 7 | - | 7 | - | - | 10 | - | 10 | PDF p. 90PDF p. 91 |
| Write-off of other receivablesS$'000 | - | - | 3 | 3 | PDF p. 90 | |||||
| Net assets | ||||||||||
| Net assetsS$'000 | 520 | 180 | 1,940 | - | 2,640 | PDF p. 91 | ||||
| Other material non-cash items | ||||||||||
| Interest incomeS$'000 | - | - | (3) | - | (3) | PDF p. 91 | ||||
| Insurance claim, net of compensationS$'000 | - | (620) | - | - | (620) | PDF p. 91 | ||||
| Reversal of over provision of sales commissionsS$'000 | - | (288) | - | - | (288) | PDF p. 91 | ||||
| Gain on termination of leaseS$'000 | - | - | (277) | - | (277) | PDF p. 91 | ||||
| Gain on disposal and deconsolidation of subsidiariesS$'000 | - | - | - | (80) | (80) | PDF p. 91 | ||||
By geography
Geographical segments – revenue and certain assets information, financial years ended 31 December 2025 and 2024 7 lines
| Item / unit | 2025Singapore | 2024Singapore | 2025Europe (including UK) | 2024Europe (including UK) | 2025Rest of Asia | 2024Rest of Asia | 2025North America and others | 2024North America and others | 2025PRC (including HK) (discontinued) | 2024PRC (including HK) (discontinued) | 2025Consolidated | 2024Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| - Continued operationsS$'000 | 3,427 | 3,226 | 101 | 79 | 3,113 | 4,358 | 1,258 | 1,755 | - | - | 7,899 | 9,418 | PDF p. 92 |
| - Discontinued operationsS$'000 | - | 76 | - | 1,163 | - | - | - | 3,820 | - | 7,157 | - | 12,216 | PDF p. 92 |
| Other geographical information | |||||||||||||
| Segment assetsS$'000 | 6,749 | 8,827 | - | - | - | - | - | - | - | - | 6,749 | 8,827 | PDF p. 92 |
| Total assetsS$'000 | 6,749 | 8,827 | - | - | - | - | - | - | - | - | 6,749 | 8,827 | PDF p. 92 |
| Total liabilitiesS$'000 | (5,657) | (6,187) | - | - | - | - | - | - | - | - | (5,657) | (6,187) | PDF p. 92 |
| Net assetsS$'000 | 1,092 | 2,640 | - | - | - | - | - | - | - | - | 1,092 | 2,640 | PDF p. 92 |
| Non-current assetsS$'000 | 583 | 714 | - | - | - | - | - | - | - | - | 583 | 714 | PDF p. 92 |
Notes
Revenue is segmented based on the locations of the customers; assets are segmented based on the location where they are situated.
Debt
Borrowings
Borrowing notes 3 tables
Bank borrowings (Group, unsecured)
| Item / unit | 2025S$'000 | 2024S$'000 | Source |
|---|---|---|---|
| Unsecured | |||
| Bank loanS$'000 | - | 15 | PDF p. 84 |
| Bank overdrafts (Note 17)S$'000 | - | 429 | PDF p. 84 |
| Trust receipts and bills payableS$'000 | 571 | 519 | PDF p. 84 |
Notes
Total bank borrowings 571 (2025) and 963 (2024); total row printed without label.
Bank borrowings bear interest at rates ranging from 3.94% to 7.69% (2024: 4.50% to 9.19%) per annum.
The effective interest rate of the bank loan at reporting date is 3.70% (2024: 4.50%) per annum and the interest rate is repriced monthly.
Trust receipts and bills payable have maturities between 2 to 3 months (2024: 1 to 5 months).
All bank borrowings are classified as unsecured; no current/non-current split printed in this note.
Bank borrowings by currency denomination
| Item / unit | 2025S$'000 | 2024S$'000 | Source |
|---|---|---|---|
| Bank borrowings currency | |||
| Singapore dollarS$'000 | 412 | 586 | PDF p. 84 |
| United States dollarS$'000 | 159 | 377 | PDF p. 84 |
Notes
Total 571 (2025) and 963 (2024).
Note 21(b) Lease liabilities
| Item / unit | 2025Group, S$'000 | 2024Group, S$'000 | 2025Company, S$'000 | 2024Company, S$'000 | Source |
|---|---|---|---|---|---|
| Lease liabilities | |||||
| Non-currentS$'000 | 32 | 106 | 32 | 106 | PDF p. 84 |
| CurrentS$'000 | 74 | 82 | 74 | 82 | PDF p. 84 |
Notes
Total lease liabilities 106 (2025) and 188 (2024) for both Group and Company.
The maturity analysis of lease liabilities is disclosed in Note 28.
Lease liabilities are denominated in Singapore dollar.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company has not formally instituted a dividend policy. However pursuant to Rule 704(24) of the Singapore Exchange Listing Rules, in the event that the Board does not declare or recommend a dividend, the Company expressly disclose the reason for the decision together with the announcement of its financial results. | Company | PDF p. 27 |
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 | FORVIS MAZARS LLP | Group and Company, FY ended 31 December 2025 | PDF p. 38 |
| Engagement partner | Lai Keng Wei | Group and Company, FY ended 31 December 2025 | PDF p. 38 |
| Opinion | In our opinion, the accompanying financial statements of the Group and the statements of financial position and changes in equity of the Company are properly drawn up in accordance with the provisions of the Singapore Companies Act 1967 | Group and Company, FY ended 31 December 2025 | PDF p. 34 |
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.