NutryFarm International Limited Annual Report 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | Source |
|---|---|---|---|
| Profit or loss | |||
| RevenueUS$'000 | 84 | - | PDF p. 24 |
| Cost of salesUS$'000 | (70) | - | PDF p. 24 |
| Gross profitUS$'000 | 14 | - | PDF p. 24 |
| Other income/(expenses) | |||
| - Interest incomeUS$'000 | 1 | - | PDF p. 24 |
| - OthersUS$'000 | 728 | 467 | PDF p. 24 |
| Profit or loss | |||
| Administrative expensesUS$'000 | (2,215) | (412) | PDF p. 24 |
| Finance costsUS$'000 | (1,644) | (1,950) | PDF p. 24 |
| Loss before taxUS$'000 | (3,116) | (1,895) | PDF p. 24 |
| Tax expensesUS$'000 | - | - | PDF p. 24 |
| Loss for the yearUS$'000 | (3,116) | (1,895) | PDF p. 24 |
| Other comprehensive loss | |||
| Currency translation differences arising on consolidationUS$'000 | 4 | (1,960) | PDF p. 24 |
| Total comprehensive loss | |||
| Total comprehensive loss for the financial yearUS$'000 | (3,112) | (3,856) | PDF p. 24 |
| Loss attributable to | |||
| Equity holders of the CompanyUS$'000 | (3,116) | (1,895) | PDF p. 24 |
| Loss per share (cents per share) | |||
| Basic and Dilutedcents per share | (2.27) | (1.38) | PDF p. 24 |
Original report: PDF p. 24 ↗
The accompanying notes from an integral part of these financial statements.
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025; 2024 column labelled Restated.
Other comprehensive loss for the financial year, net of tax: 4 (2025), (1,961) (2024). Reclassification of currency translation differences on discontinued operations: - (2025), (1) (2024).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | 2023Group (Restated) | Source |
|---|---|---|---|---|
| Non-current assets | ||||
| Investment in subsidiariesUS$'000 | - | - | - | PDF p. 25 |
| Property, plant and equipmentUS$'000 | 502 | 3 | 3 | PDF p. 25 |
| Right-of-use assetsUS$'000 | 1,818 | - | - | PDF p. 25 |
| Other receivablesUS$'000 | 10,216 | 1 | 3 | PDF p. 25 |
| SubtotalUS$'000 | 12,536 | 4 | 6 | PDF p. 25 |
| Current assets | ||||
| Trade receivablesUS$'000 | 112 | 118 | 105 | PDF p. 25 |
| Other receivablesUS$'000 | 1,815 | 33 | 9 | PDF p. 25 |
| Tax recoverableUS$'000 | - | 4 | 3 | PDF p. 25 |
| Cash and bank balancesUS$'000 | 6,554 | 80 | 6 | PDF p. 25 |
| SubtotalUS$'000 | 8,481 | 235 | 123 | PDF p. 25 |
| Current liabilities | ||||
| Trade and other payablesUS$'000 | 15,990 | 9,613 | 7,229 | PDF p. 25 |
| Lease liabilitiesUS$'000 | 481 | - | - | PDF p. 25 |
| BorrowingsUS$'000 | 30,032 | 20,493 | 18,910 | PDF p. 25 |
| SubtotalUS$'000 | 46,503 | 30,106 | 26,139 | PDF p. 25 |
| Net current liabilities | ||||
| Net current liabilitiesUS$'000 | (38,022) | (29,871) | (26,016) | PDF p. 25 |
| Non-current liabilities | ||||
| Lease liabilitiesUS$'000 | 1,464 | - | - | PDF p. 25 |
| BorrowingsUS$'000 | 6,029 | - | - | PDF p. 25 |
| Provision for employee benefitsUS$'000 | - | - | 1 | PDF p. 25 |
| SubtotalUS$'000 | 7,493 | - | 1 | PDF p. 25 |
| Net liabilities | ||||
| Net liabilitiesUS$'000 | (32,979) | (29,867) | (26,011) | PDF p. 25 |
| Equity | ||||
| Share capitalUS$'000 | 1,751 | 1,751 | 1,751 | PDF p. 25 |
| Other reservesUS$'000 | 58,470 | 58,466 | 60,427 | PDF p. 25 |
| Accumulated lossesUS$'000 | (93,200) | (90,084) | (88,189) | PDF p. 25 |
| Total deficitUS$'000 | (32,979) | (29,867) | (26,011) | PDF p. 25 |
Original report: PDF p. 25 ↗
The accompanying notes form an integral part of the financial statements.
As at 30 September 2025; 2024 and 2023 Group columns labelled Restated. Quotes are full source rows (Group and Company columns share a line); only Group values are listed here.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company | 2024Company (Restated) | 2023Company (Restated) | Source |
|---|---|---|---|---|
| Non-current assets | ||||
| Investment in subsidiariesUS$'000 | 1,240 | 78 | 73 | PDF p. 25 |
| SubtotalUS$'000 | 1,240 | 78 | 73 | PDF p. 25 |
| Current assets | ||||
| Other receivablesUS$'000 | 33 | 33 | 9 | PDF p. 25 |
| Cash and bank balancesUS$'000 | 1,112 | - | - | PDF p. 25 |
| SubtotalUS$'000 | 2,442 | 33 | 9 | PDF p. 25 |
| Current liabilities | ||||
| Trade and other payablesUS$'000 | 10,576 | 9,275 | 6,959 | PDF p. 25 |
| BorrowingsUS$'000 | 22,638 | 17,969 | 16,780 | PDF p. 25 |
| Amounts due to subsidiariesUS$'000 | 9,141 | 9,099 | 8,546 | PDF p. 25 |
| SubtotalUS$'000 | 42,355 | 36,343 | 32,285 | PDF p. 25 |
| Net current liabilities | ||||
| Net current liabilitiesUS$'000 | (39,913) | (36,310) | (32,276) | PDF p. 25 |
| Net liabilities | ||||
| Net liabilitiesUS$'000 | (38,673) | (36,232) | (32,203) | PDF p. 25 |
| Equity | ||||
| Share capitalUS$'000 | 1,751 | 1,751 | 1,751 | PDF p. 25 |
| Other reservesUS$'000 | 58,271 | 58,087 | 60,247 | PDF p. 25 |
| Accumulated lossesUS$'000 | (98,695) | (96,070) | (94,201) | PDF p. 25 |
| Total deficitUS$'000 | (38,673) | (36,232) | (32,203) | PDF p. 25 |
Original report: PDF p. 25 ↗
The accompanying notes form an integral part of the financial statements.
As at 30 September 2025; Company 2024 and 2023 columns labelled Restated. Quotes are full source rows; only Company values are listed here. Company has no non-current liabilities rows with values (all '-').
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group, Restated | Source |
|---|---|---|---|
| Other comprehensive loss | |||
| Currency translation differences arising on consolidationUS$'000 | 4 | (1,960) | PDF p. 24 |
| Reclassification of currency translation differences on discontinued operationsUS$'000 | - | (1) | PDF p. 24 |
| Other comprehensive loss for the financial year, net of taxUS$'000 | 4 | (1,961) | PDF p. 24 |
| Total | |||
| Total comprehensive loss for the financial yearUS$'000 | (3,112) | (3,856) | PDF p. 24 |
| Loss attributable to | |||
| Loss for the yearUS$'000 | (3,116) | (1,895) | PDF p. 24 |
Original report: PDF p. 24 ↗
Page 24 only; no separate Company comprehensive income statement. 2024 column labelled Restated.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group, Restated | Source |
|---|---|---|---|
| Operating activities | |||
| Loss after taxUS$'000 | (3,116) | (1,895) | PDF p. 28 |
| Total lossUS$'000 | (3,116) | (1,895) | PDF p. 28 |
| Operating activities - Adjustments | |||
| Interest incomeUS$'000 | (1) | - | PDF p. 28 |
| Fair value gain on financial liabilitiesUS$'000 | (627) | - | PDF p. 28 |
| Depreciation of property, plant and equipmentUS$'000 | 96 | - | PDF p. 28 |
| Depreciation of right-of-use assetUS$'000 | 430 | - | PDF p. 28 |
| Interest expenseUS$'000 | 1,644 | 1,950 | PDF p. 28 |
| Reversal of provisions for employee benefitsUS$'000 | - | (1) | PDF p. 28 |
| Foreign exchange gainUS$'000 | (68) | (105) | PDF p. 28 |
| Operating activities | |||
| Operating cash flows before changes in working capitalUS$'000 | (1,642) | (51) | PDF p. 28 |
| Operating activities - Changes in operating assets and liabilities | |||
| Trade and other receivablesUS$'000 | (11,991) | (45) | PDF p. 28 |
| Trade, other payables and contract liabilitiesUS$'000 | 4,842 | (182) | PDF p. 28 |
| Operating activities | |||
| Cash used in operationsUS$'000 | (8,791) | (278) | PDF p. 28 |
| Tax paidUS$'000 | 4 | - | PDF p. 28 |
| Interest receivedUS$'000 | 1 | - | PDF p. 28 |
| Net cash used in operating activitiesUS$'000 | (8,786) | (278) | PDF p. 28 |
| Investing activities | |||
| Purchase of property, plant and equipmentUS$'000 | (595) | - | PDF p. 28 |
| Net cash used in investing activitiesUS$'000 | (595) | - | PDF p. 28 |
| Financing activities | |||
| Proceeds from loans from third partiesUS$'000 | 16,272 | 279 | PDF p. 28 |
| Proceeds from amount due to a directorUS$'000 | 31 | 27 | PDF p. 28 |
| Proceeds / (Repayment) from loans from related partiesUS$'000 | 27 | 46 | PDF p. 28 |
| Repayment of lease liabilitiesUS$'000 | (475) | - | PDF p. 28 |
| Net cash generated from financing activitiesUS$'000 | 15,855 | 352 | PDF p. 28 |
| Closing cash | |||
| Net increase in cash and cash equivalentsUS$'000 | 6,474 | 74 | PDF p. 28 |
| Cash and cash equivalents at beginning of financial yearUS$'000 | 80 | 6 | PDF p. 28 |
| Cash and cash equivalents at end of financial year (Note 15)US$'000 | 6,554 | 80 | PDF p. 28 |
Original report: PDF p. 28 ↗
Group only; no Company cash flow statement presented.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group FY2025 | 2024Group FY2024 (Restated) | Source |
|---|---|---|---|
| Income Statement | |||
| RevenueUS$'000 | 84 | - | PDF p. 4 |
| Loss Before TaxUS$'000 | (3,116) | (1,895) | PDF p. 4 |
| Net EarningsUS$'000 | (3,116) | (1,895) | PDF p. 4 |
Original report: PDF p. 4 ↗
FY2024 column labelled (Restated). Only a two-year highlights table is printed; no five-year summary.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group FY2025 | 2024Group FY2024 (Restated) | Source |
|---|---|---|---|
| Balance Sheet | |||
| Property, Plant & EquipmentUS$'000 | 502 | 3 | PDF p. 4 |
| Right-of-Use AssetsUS$'000 | 1,818 | - | PDF p. 4 |
| Trade ReceivablesUS$'000 | 112 | 118 | PDF p. 4 |
| Other ReceivablesUS$'000 | 12,031 | 38 | PDF p. 4 |
| Cash & Bank BalancesUS$'000 | 6,554 | 80 | PDF p. 4 |
| Total AssetsUS$'000 | 21,017 | 239 | PDF p. 4 |
| Trade and Other PayablesUS$'000 | 15,990 | 9,613 | PDF p. 4 |
| BorrowingsUS$'000 | 36,061 | 20,493 | PDF p. 4 |
| Lease LiabilitiesUS$'000 | 1,945 | - | PDF p. 4 |
| Total LiabilitiesUS$'000 | 53,996 | 30,106 | PDF p. 4 |
| Net (Liabilities)US$'000 | (32,979) | (29,867) | PDF p. 4 |
Original report: PDF p. 4 ↗
FY2024 column labelled (Restated).
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | Source |
|---|---|---|---|
| Loss per share | |||
| Loss for the financial year attributable to equity holders of the Company (US$’000)US$'000 | (3,116) | (1,895) | PDF p. 51 |
| Weighted average number of ordinary shares outstanding for basic loss per share (‘000)'000 shares | 137,422 | 137,422 | PDF p. 51 |
Original report: PDF p. 51 ↗
The 2024 basic loss per share is printed as (1,38) in Note 10 (comma as printed); the income statement prints (1.38).
Diluted loss per share is same as basic loss per share; conversion loans are anti-dilutive and excluded (2025); no potential dilutive shares in 2024.
The loss row label wraps across two lines: 'Loss for the financial year attributable to equity holders of the Company (US$’000)'.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group (Restated) | Source |
|---|---|---|---|
| Loss per share for loss attributable to equity holders of the Company (cents per share) | |||
| Basic and Dilutedcents per share | (2.27) | (1.38) | PDF p. 24 |
Original report: PDF p. 24 ↗
Dividend per share: none; the Company does not have a dividend policy and states 'For FY2025, no dividends will be declared to the shareholders.' (page 12).
Where the money comes from
| Item / unit | 2025Investment holding | 2025Fruits and related products | 2025Cloud computing and technical services | 2025Total | 2024Investment holding | 2024Fruits and related products | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Reportable segment revenue from external customersUS$'000 | - | 84 | - | 84 | - | - | - | PDF p. 47PDF p. 48 |
| Assets | ||||||||
| Segment assetsUS$'000 | 1,145 | 156 | 19,716 | 21,017 | 33 | 206 | 239 | PDF p. 47PDF p. 48 |
| Liabilities | ||||||||
| Segment liabilitiesUS$'000 | - | 2,575 | 18,146 | 20,721 | - | 2,861 | 2,861 | PDF p. 47PDF p. 48 |
| Unallocated liabilitiesUS$'000 | - | - | - | 33,275 | - | - | 27,245 | PDF p. 47PDF p. 48 |
| Other segment information - Depreciation | ||||||||
| - Property, plant and equipmentUS$'000 | - | - | (96) | (96) | PDF p. 47 | |||
| - Right-of-use assetsUS$'000 | - | - | (430) | (430) | PDF p. 47 | |||
| Other segment information | ||||||||
| Finance costsUS$'000 | (1,506) | - | (138) | (1,644) | (1,950) | - | (1,950) | PDF p. 47PDF p. 48 |
| Interest incomeUS$'000 | - | - | 1 | 1 | PDF p. 47 | |||
| Fair value gain on financial liabilitiesUS$'000 | - | - | 627 | 627 | PDF p. 47 | |||
Empty-string cells mean the report prints a single figure only in the Total column. The unlabelled 53,996 is the printed total of segment and unallocated liabilities. Segment assets exclude deferred tax assets and tax recoverable; segment liabilities exclude borrowings and tax payable. No inter-segment transactions in FY2025 or FY2024. Cloud computing segment newly presented in FY2025.
Empty-string cells mean only a Total figure is printed. The unlabelled 30,106 is the printed total liabilities.
| Item / unit | 2025Sales to external customers | 2024Sales to external customers (Restated) | 2025Non-current assets | 2024Non-current assets (Restated) | Source |
|---|---|---|---|---|---|
| Geographic information | |||||
| ThailandUS$'000 | 84 | - | 2 | 3 | PDF p. 48 |
| SingaporeUS$'000 | - | - | 2,318 | - | PDF p. 48 |
| Total (unlabelled)US$'000 | 84 | - | 2,320 | 3 | PDF p. 48 |
Based on geographic location of customers (revenue) and assets (non-current assets). Non-current assets are as presented on the consolidated balance sheet excluding other receivables. Major customer: revenue of US$84,000 derived from a single external customer (fruits trading).
Debt
| Item / unit | 2025Group carrying amount | 2025Group total contractual undiscounted cash flow | 2025Group within 1 year or on demand | 2025Group within 2-5 years | Source |
|---|---|---|---|---|---|
| Group 2025 | |||||
| Lease liabilitiesUS$'000 | 1,945 | 2,145 | 567 | 1,578 | PDF p. 70 |
| BorrowingsUS$'000 | 36,061 | 36,733 | 30,199 | 6,534 | PDF p. 70 |
Based on contractual undiscounted cash flows including interest. No after-five-years column printed.
| Item / unit | 2025Company carrying amount | 2025Company total contractual undiscounted cash flow | 2025Company within 1 year or on demand | 2025Company within 2-5 years | Source |
|---|---|---|---|---|---|
| Company 2025 | |||||
| BorrowingsUS$'000 | 22,638 | 22,638 | 22,638 | - | PDF p. 70 |
| Item / unit | 2025Group | 2024Group (Restated) | 2025Company | 2024Company (Restated) | Source |
|---|---|---|---|---|---|
| Loans classified as amortised costs | |||||
| Loans from third partiesUS$'000 | 22,638 | 17,969 | 22,638 | 17,969 | PDF p. 59 |
| Loans from related partiesUS$'000 | 2,550 | 2,524 | - | - | PDF p. 59 |
| Loans classified as fair value through profit or loss | |||||
| Loans with convertible featuresUS$'000 | 10,873 | - | - | - | PDF p. 59 |
| Borrowings | |||||
| TotalUS$'000 | 36,061 | 20,493 | 22,638 | 17,969 | PDF p. 59 |
| Classified as | |||||
| CurrentUS$'000 | 30,032 | 20,493 | 22,638 | 17,969 | PDF p. 59 |
| Non-currentUS$'000 | 6,029 | - | - | - | PDF p. 59 |
Third-party loans (NS and Corpbond) are unsecured, bear interests ranging from 3.70% to 12% per annum and are repayable on fixed maturity dates.
Loans from related parties are due on demand. The loans are denominated in Thai Baht.
Loans with conversion features (AI Nova, Group): carrying value US$11,500 thousand, fair value US$10,873 thousand; four loans dated 31 July 2025 (US$500,000, 7%, 2 years), 8 August 2025 (US$5,000,000, 7%, 2 years), 1 September 2025 (US$5,000,000, 7%, 1 year), 3 September 2025 (US$5,000,000, 7%, 3 years).
Loan from Alpha hill Pte. Ltd.: interest-free S$5,000,000 (US$3,872,000), repayable five years from disbursement date.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company does not have a dividend policy currently in place. In deciding whether to declare any dividends in a given financial year, the Company takes into account, inter alia, maximising shareholder value in the long term, the profits of the Company in a given year, future development and investment plans of the Company, projected capital expenditure, the market outlook for each of the Company’s areas of business, and the Company’s expected performance in the coming financial year. | Company | PDF p. 12 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| For FY2025 | For FY2025, no dividends will be declared to the shareholders. | FY2025 (financial year ended 30 September 2025) | PDF p. 12 |
Extracted from NutryFarm International Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Nexia Singapore PAC | Group and Company | PDF p. 23 |
| Engagement partner | Chan Rouh Ting | Group and Company | PDF p. 23 |
| Date | 19 August 2026 | Group and Company · As at 2026-08-19 | PDF p. 23 |
| Qualified Opinion | Qualified Opinion | Group and Company, year ended 30 September 2025 | PDF p. 19 |
| Basis for Qualified Opinion | our opinion on the current year’s financial statements is modified solely in respect of the corresponding figures presented for comparative figures and the Company’s amounts due to former subsidiaries, as disclosed in Note 11, amounting to US$9,141,000 (2024: US$9,099,000), as we were unable to obtain sufficient appropriate audit evidence to determine whether these balances were complete and accurate | Group and Company | PDF p. 19 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Material Uncertainty Related to Going Concern | These events and conditions indicate that 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 | PDF p. 20 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Emphasis of Matter – Notice of Compliance and Legal Proceedings | We draw attention to Notes 27 and 28 to the financial statements, which describe the regulatory matters, ongoing legal proceedings and contingent matters arising from events preceding the Company's restructuring. | Group and Company | PDF p. 20 |
Extracted from NutryFarm International Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.
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 NutryFarm International Limited 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.