Digilife Tech BAI
Financials
ANNUAL REPORT 2026
Explore the statements
11 tablesConsolidated Income Statement (Group)
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, period from 01.01.2025 to 31.03.2026 (15 months), S$'000 | 2024Group, year ended 31.12.2024 (re-presented), S$'000 | Source |
|---|---|---|---|
| Continuing operations | |||
| TurnoverS$'000 | 455 | – | PDF p. 63 |
| Operating expenses | |||
| Purchases and changes in inventories and direct service fees incurredS$'000 | (329) | – | PDF p. 63 |
| Other income - operatingS$'000 | 19 | – | PDF p. 63 |
| Personnel costsS$'000 | (1,659) | (208) | PDF p. 63 |
| Infrastructure costsS$'000 | (87) | (69) | PDF p. 63 |
| Other expenses - operatingS$'000 | (2,931) | (704) | PDF p. 63 |
| Other income - non-operatingS$'000 | 195 | – | PDF p. 63 |
| Other expenses - non-operatingS$'000 | (224) | – | PDF p. 63 |
| Interest income from cash depositsS$'000 | 135 | 72 | PDF p. 63 |
| Finance costs - interest expenseS$'000 | (200) | – | PDF p. 63 |
| Depreciation of property, plant and equipmentS$'000 | (611) | (11) | PDF p. 63 |
| Continuing operations | |||
| Loss before taxation from continuing operationsS$'000 | (5,237) | (920) | PDF p. 63 |
| TaxationS$'000 | – | – | PDF p. 63 |
| Loss for the period/year from continuing operationsS$'000 | (5,237) | (920) | PDF p. 63 |
| Discontinued operations | |||
| Loss for the period/year from discontinued operationsS$'000 | (15,130) | (2,576) | PDF p. 63 |
| Total | |||
| Total loss for the period/yearS$'000 | (20,367) | (3,496) | PDF p. 63 |
| Loss attributable to | |||
| Owners of the parentS$'000 | (19,907) | (3,496) | PDF p. 63 |
| Non-controlling interestS$'000 | (460) | – | PDF p. 63 |
| TotalS$'000 | (20,367) | (3,496) | PDF p. 63 |
| Loss per share - From continuing and discontinued operations | |||
| – Basic and diluted (cents per share)cents per share | (148.69) | (26.11) | PDF p. 63 |
| Loss per share - From continuing operations | |||
| – Basic and diluted (cents per share)cents per share | (35.68) | (6.87) | PDF p. 63 |
| Loss per share - From discontinued operations | |||
| – Basic and diluted (cents per share)cents per share | (113.01) | (19.24) | PDF p. 63 |
Definitions & sources
Original report: PDF p. 63 ↗
(i) The financial results for financial period 2026 cover a 15-month reporting period, whereas the comparative financial results for financial year 2024 cover a 12-month reporting period. Accordingly, a direct comparison between the two periods may not be meaningful.
(ii) The comparative financial year 2024 figures have been re-presented to separately disclose the results of continuing operations and discontinued operations, in line with the current year's presentation.
Consolidated Statement of Comprehensive Income (Group)
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, period from 01.01.2025 to 31.03.2026, S$'000 | 2024Group, year ended 31.12.2024, S$'000 | Source |
|---|---|---|---|
| Statement of comprehensive income | |||
| Loss for the period/yearS$'000 | (20,367) | (3,496) | PDF p. 64 |
| Items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of foreign operationsS$'000 | 9,690 | (1,211) | PDF p. 64 |
| Items that will not be reclassified subsequently to profit or loss | |||
| Remeasurement of defined benefit plansS$'000 | – | (19) | PDF p. 64 |
| Other comprehensive income | |||
| Other comprehensive income/(loss) for the period/year, net of taxS$'000 | 9,690 | (1,230) | PDF p. 64 |
| Total | |||
| Total comprehensive loss for the period/yearS$'000 | (10,677) | (4,726) | PDF p. 64 |
| Total comprehensive loss attributable to | |||
| Owners of the parentS$'000 | (10,217) | (4,719) | PDF p. 64 |
| Non-controlling interestS$'000 | (460) | (7) | PDF p. 64 |
| Total comprehensive loss for the period/yearS$'000 | (10,677) | (4,726) | PDF p. 64 |
Definitions & sources
Original report: PDF p. 64 ↗
Statements of Financial Position - Assets (Group and Company)
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, as at 31.03.2026, S$'000 | 2024Group, as at 31.12.2024, S$'000 | 2026Company, as at 31.03.2026, S$'000 | 2024Company, as at 31.12.2024, S$'000 | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| InventoriesS$'000 | 10 | 313 | – | – | PDF p. 65 |
| Trade receivablesS$'000 | 333 | 2,601 | 48 | 46 | PDF p. 65 |
| Other receivables and depositsS$'000 | 5,487 | 1,135 | 471 | 264 | PDF p. 65 |
| PrepaymentsS$'000 | 16 | 149 | 6 | 4 | PDF p. 65 |
| Due from subsidiariesS$'000 | – | – | 242 | 369 | PDF p. 65 |
| Cash and cash equivalentsS$'000 | 3,594 | 7,443 | 2,209 | 5,609 | PDF p. 65 |
| Fixed depositsS$'000 | – | 2,691 | – | – | PDF p. 65 |
| Tax recoverableS$'000 | 4 | 330 | – | – | PDF p. 65 |
| Assets of disposal group classified as heldS$'000 | – | 11,584 | – | – | PDF p. 65 |
| SubtotalS$'000 | 9,444 | 26,246 | 2,976 | 6,292 | PDF p. 65 |
| Non-current assets | |||||
| Property, plant and equipmentS$'000 | 17,817 | 1,213 | 2 | 4 | PDF p. 65 |
| Investment propertiesS$'000 | 1,794 | 2,267 | – | – | PDF p. 65 |
| Intangible assetsS$'000 | 393 | 848 | – | – | PDF p. 65 |
| Investment in subsidiariesS$'000 | – | – | 13,537 | 22,535 | PDF p. 65 |
| Investment in associateS$'000 | – | – | – | – | PDF p. 65 |
| Long-term loansS$'000 | – | – | 471 | 475 | PDF p. 65 |
| Deferred tax assetsS$'000 | 476 | 194 | – | – | PDF p. 65 |
| Other receivablesS$'000 | – | 29 | – | – | PDF p. 65 |
| Financial assets, at FVPLS$'000 | – | – | – | – | PDF p. 65 |
| Fixed depositsS$'000 | – | 510 | – | – | PDF p. 65 |
| SubtotalS$'000 | 20,480 | 5,061 | 14,010 | 23,014 | PDF p. 65 |
| Assets | |||||
| Total assetsS$'000 | 29,924 | 31,307 | 16,986 | 29,306 | PDF p. 65 |
Definitions & sources
Original report: PDF p. 65 ↗
Long-term loans and advances to subsidiaries and 'Assets of disposal group classified as held for sale' labels wrap across two lines; the first line is given as original_label.
Statements of Financial Position - Liabilities and Equity (Group and Company)
25 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, as at 31.03.2026, S$'000 | 2024Group, as at 31.12.2024, S$'000 | 2026Company, as at 31.03.2026, S$'000 | 2024Company, as at 31.12.2024, S$'000 | Source |
|---|---|---|---|---|---|
| Current liabilities | |||||
| Trade creditorsS$'000 | 271 | 1,035 | 47 | 47 | PDF p. 66 |
| Other creditors and accrualsS$'000 | 1,277 | 1,637 | 1,039 | 436 | PDF p. 66 |
| Contract liabilitiesS$'000 | 2 | 390 | – | – | PDF p. 66 |
| Lease liabilitiesS$'000 | 48 | 5 | – | 5 | PDF p. 66 |
| Loans and bank borrowingsS$'000 | 1,177 | 28 | – | – | PDF p. 66 |
| Due to subsidiariesS$'000 | – | – | 4,237 | 11,367 | PDF p. 66 |
| Tax payableS$'000 | – | 147 | – | – | PDF p. 66 |
| Liabilities directly associated with disposalS$'000 | – | 1,665 | – | – | PDF p. 66 |
| SubtotalS$'000 | 2,775 | 4,907 | 5,323 | 11,855 | PDF p. 66 |
| Non-current liabilities | |||||
| Lease liabilitiesS$'000 | – | 29 | – | – | PDF p. 66 |
| Provision for employee benefitsS$'000 | 5 | 57 | – | – | PDF p. 66 |
| Contract liabilitiesS$'000 | – | 308 | – | – | PDF p. 66 |
| Deferred tax liabilitiesS$'000 | 2,632 | 448 | – | – | PDF p. 66 |
| Loans and bank borrowingsS$'000 | 4,937 | 96 | – | – | PDF p. 66 |
| SubtotalS$'000 | 7,574 | 938 | – | – | PDF p. 66 |
| Liabilities | |||||
| Total liabilitiesS$'000 | 10,349 | 5,845 | 5,323 | 11,855 | PDF p. 66 |
| Equity attributable to owners of the Company | |||||
| Share capitalS$'000 | 549,704 | 549,704 | 549,704 | 549,704 | PDF p. 66 |
| Treasury sharesS$'000 | (1,399) | (1,399) | (1,399) | (1,399) | PDF p. 66 |
| Accumulated lossesS$'000 | (521,896) | (501,989) | (525,342) | (519,554) | PDF p. 66 |
| Other reservesS$'000 | (6,530) | (6,530) | (11,300) | (11,300) | PDF p. 66 |
| Translation reserveS$'000 | (4,575) | (14,265) | – | – | PDF p. 66 |
| SubtotalS$'000 | 15,304 | 25,521 | 11,663 | 17,451 | PDF p. 66 |
| Equity | |||||
| Non-controlling interestS$'000 | 4,271 | (59) | – | – | PDF p. 66 |
| Total equityS$'000 | 19,575 | 25,462 | 11,663 | 17,451 | PDF p. 66 |
| Total liabilities and equityS$'000 | 29,924 | 31,307 | 16,986 | 29,306 | PDF p. 66 |
Definitions & sources
Original report: PDF p. 66 ↗
Consolidated Statement of Comprehensive Income
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, period from 01.01.2025 to 31.03.2026 (15 months) | 2024Group, year ended 31.12.2024 | Source |
|---|---|---|---|
| Comprehensive income | |||
| Loss for the period/yearS$'000 | (20,367) | (3,496) | PDF p. 64 |
| Items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translation of foreign operationsS$'000 | 9,690 | (1,211) | PDF p. 64 |
| Items that will not be reclassified subsequently to profit or loss | |||
| Remeasurement of defined benefit plansS$'000 | – | (19) | PDF p. 64 |
| Other comprehensive income | |||
| Other comprehensive income/(loss) for the period/year, net of taxS$'000 | 9,690 | (1,230) | PDF p. 64 |
| Total | |||
| Total comprehensive loss for the period/yearS$'000 | (10,677) | (4,726) | PDF p. 64 |
| Total comprehensive loss attributable to | |||
| Owners of the parentS$'000 | (10,217) | (4,719) | PDF p. 64 |
| Non-controlling interestS$'000 | (460) | (7) | PDF p. 64 |
Definitions & sources
Original report: PDF p. 64 ↗
The period 01.01.2025 to 31.03.2026 covers 15 months versus 12 months for the comparative year (per income statement footnote on page 63). No separate Company statement of comprehensive income is printed.
Consolidated Statement of Changes in Equity - Group, period ended 31.03.2026
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, Share capital | 2026Group, Treasury shares | 2026Group, Accumulated losses | 2026Group, Other reserves | 2026Group, Translation reserve | 2026Group, Total attributable to owners of the Company | 2026Group, Non-controlling interest | 2026Group, Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| 31.03.2026 | |||||||||
| Balance at 1 January 2025S$'000 | 549,704 | (1,399) | (501,989) | (6,530) | (14,265) | 25,521 | (59) | 25,462 | PDF p. 67 |
| Loss for the periodS$'000 | – | – | (19,907) | – | – | (19,907) | (460) | (20,367) | PDF p. 67 |
| 31.03.2026 Other comprehensive (loss)/income, net of tax | |||||||||
| Exchange differences on translation of foreign operationsS$'000 | – | – | – | – | (1,270) | (1,270) | – | (1,270) | PDF p. 67 |
| Currency translation differences reclassified to profit or loss upon disposal of subsidiariesS$'000 | – | – | – | – | 10,960 | 10,960 | – | 10,960 | PDF p. 67 |
| 31.03.2026 | |||||||||
| Total comprehensive (loss)/income for the periodS$'000 | – | – | (19,907) | – | 9,690 | (10,217) | (460) | (10,677) | PDF p. 67 |
| Effect on non-controlling interest on acquisition of a subsidiaryS$'000 | – | – | – | – | – | – | 4,790 | 4,790 | PDF p. 67 |
| Balance at 31 March 2026S$'000 | 549,704 | (1,399) | (521,896) | (6,530) | (4,575) | 15,304 | 4,271 | 19,575 | PDF p. 67 |
Definitions & sources
Original report: PDF p. 67 ↗
Row labels wrap over several lines in the source; quotes are the numeric line of each row. Opening balance label printed 'Balance at 1 January 2025'. No separate Company statement of changes in equity is printed in the report.
Consolidated Statement of Changes in Equity - Group, year ended 31.12.2024
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group, Share capital | 2024Group, Treasury shares | 2024Group, Accumulated losses | 2024Group, Other reserves | 2024Group, Translation reserve | 2024Group, Total attributable to owners of the Company | 2024Group, Non-controlling interest | 2024Group, Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| 31.12.2024 | |||||||||
| Balance at 1 January 2024S$'000 | 549,704 | (1,399) | (498,474) | (6,530) | (13,061) | 30,240 | (52) | 30,188 | PDF p. 67 |
| Loss for the yearS$'000 | – | – | (3,496) | – | – | (3,496) | – | (3,496) | PDF p. 67 |
| 31.12.2024 Other comprehensive loss, net of tax | |||||||||
| Exchange differences on translation of foreign operationsS$'000 | – | – | – | – | (1,204) | (1,204) | (7) | (1,211) | PDF p. 67 |
| Remeasurement of defined benefit plansS$'000 | – | – | (19) | – | – | (19) | – | (19) | PDF p. 67 |
| 31.12.2024 | |||||||||
| Total comprehensive loss for the yearS$'000 | – | – | (3,515) | – | (1,204) | (4,719) | (7) | (4,726) | PDF p. 67 |
| Balance at 31 December 2024S$'000 | 549,704 | (1,399) | (501,989) | (6,530) | (14,265) | 25,521 | (59) | 25,462 | PDF p. 67 |
Definitions & sources
Original report: PDF p. 67 ↗
Row labels wrap over several lines in the source; quotes are the numeric line of each row.
Consolidated Statement of Cash Flows (operating activities)
27 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, period from 01.01.2025 to 31.03.2026 (15 months) | 2024Group, year ended 31.12.2024 | Source |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Loss before taxation from continuing operationsS$'000 | (5,237) | (920) | PDF p. 68 |
| Loss before taxation from discontinued operationsS$'000 | (15,091) | (2,353) | PDF p. 68 |
| Total loss before taxationS$'000 | (20,328) | (3,273) | PDF p. 68 |
| Adjustments for | |||
| Depreciation and amortisationS$'000 | 800 | 547 | PDF p. 68 |
| Allowance for impairment loss of trade debtsS$'000 | 19 | 68 | PDF p. 68 |
| Allowance for inventory obsolescenceS$'000 | 1,102 | 52 | PDF p. 68 |
| Interest income from cash depositsS$'000 | (265) | (350) | PDF p. 68 |
| Loss/(Gain) on revaluation of investment propertiesS$'000 | 224 | (57) | PDF p. 68 |
| Impairment loss on remeasurement of disposal groupS$'000 | 1,944 | 3,668 | PDF p. 68 |
| Fair value gain for financial assets, at FVPLS$'000 | – | (5) | PDF p. 68 |
| Gain on disposal of property, plant and equipmentS$'000 | – | (12) | PDF p. 68 |
| Loss on disposal of subsidiariesS$'000 | 11,793 | – | PDF p. 68 |
| Finance costsS$'000 | 207 | 39 | PDF p. 68 |
| Unrealised foreign exchange differencesS$'000 | (1,355) | (742) | PDF p. 68 |
| OthersS$'000 | (554) | – | PDF p. 68 |
| Cash Flows from Operating Activities | |||
| Operating cash flows before working capital changesS$'000 | (6,413) | (65) | PDF p. 68 |
| (Increase)/Decrease in inventoriesS$'000 | (459) | 204 | PDF p. 68 |
| Increase in trade receivablesS$'000 | (668) | (51) | PDF p. 68 |
| (Increase)/Decrease in other receivables and depositsS$'000 | (1,442) | 926 | PDF p. 68 |
| Decrease in prepaymentsS$'000 | – | 471 | PDF p. 68 |
| Increase in trade creditorsS$'000 | 470 | 1,088 | PDF p. 68 |
| Increase/(Decrease) in other creditors and accrualsS$'000 | 719 | (819) | PDF p. 68 |
| Decrease in contract liabilitiesS$'000 | – | (197) | PDF p. 68 |
| Cash flows (used in)/generated from operating activitiesS$'000 | (7,793) | 1,557 | PDF p. 68 |
| Interest paidS$'000 | (207) | (39) | PDF p. 68 |
| Income tax paidS$'000 | – | (257) | PDF p. 68 |
| Net cash flows (used in)/generated from operating activitiesS$'000 | (8,000) | 1,261 | PDF p. 68 |
Definitions & sources
Original report: PDF p. 68 ↗
Only a Group cash flow statement is printed; no Company cash flow statement.
Consolidated Statement of Cash Flows (investing and financing activities, closing cash)
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, period ended 31.03.2026 (15 months from 01.01.2025) | 2024Group, year ended 31.12.2024 | Source |
|---|---|---|---|
| Cash Flows from Investing Activities | |||
| Interest income received from cash depositsS$'000 | 265 | 350 | PDF p. 69 |
| Proceeds from disposal of property, plant and equipmentS$'000 | – | 91 | PDF p. 69 |
| Purchase of property, plant and equipmentS$'000 | (374) | (517) | PDF p. 69 |
| Net cash inflow on disposal of financial assets, at FVPLS$'000 | – | 290 | PDF p. 69 |
| Net cash outflow on acquisition of subsidiaryS$'000 | (4,969) | – | PDF p. 69 |
| Net cash inflow consequent to disposal of investment in subsidiaries (Note 20)S$'000 | 4,683 | – | PDF p. 69 |
| Net cash flows (used in)/generated from investing activitiesS$'000 | (395) | 214 | PDF p. 69 |
| Cash Flows from Financing Activities | |||
| Withdrawal of cash and bank deposits pledgedS$'000 | 4,721 | 634 | PDF p. 69 |
| Repayment of loans and bank borrowings, netS$'000 | (1,871) | (438) | PDF p. 69 |
| Repayment of lease liabilitiesS$'000 | (5) | (2) | PDF p. 69 |
| Net cash flows generated from financing activitiesS$'000 | 2,845 | 194 | PDF p. 69 |
| Cash and cash equivalents | |||
| Net (decrease)/increase in cash and cash equivalentsS$'000 | (5,550) | 1,669 | PDF p. 69 |
| Cash and cash equivalents at the beginning of the period/yearS$'000 | 9,144 | 7,475 | PDF p. 69 |
| Cash and cash equivalents at the end of the period/year (Note 16)S$'000 | 3,594 | 9,144 | PDF p. 69 |
Definitions & sources
Original report: PDF p. 69 ↗
Continuation of the Group cash flow statement from page 68.
Note 10 Loss per share (Group)
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, period from 01.01.2025 to 31.03.2026 (15 months), cents per share | 2024Group, year ended 31.12.2024, cents per share | Source |
|---|---|---|---|
| Basic and diluted earnings per share | |||
| From continuing operationsCents per share | (35.68) | (6.87) | PDF p. 102 |
| From discontinued operationsCents per share | (113.01) | (19.24) | PDF p. 102 |
Definitions & sources
Original report: PDF p. 102 ↗
Total basic and diluted loss per share row is unlabelled in source: (148.69) for period to 31.03.2026 and (26.11) for year ended 31.12.2024 (also shown on page 63 income statement).
The FP2026 period covers 15 months; FY2024 covers 12 months, so direct comparison may not be meaningful.
Income statement loss per share (Group)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, period from 01.01.2025 to 31.03.2026, cents per share | 2024Group, year ended 31.12.2024, cents per share | Source |
|---|---|---|---|
| Loss per share - From continuing and discontinued operations | |||
| – Basic and diluted (cents per share) (continuing and discontinued)cents per share | (148.69) | (26.11) | PDF p. 63 |
| Loss per share - From continuing operations | |||
| – Basic and diluted (cents per share) (continuing)cents per share | (35.68) | (6.87) | PDF p. 63 |
| Loss per share - From discontinued operations | |||
| – Basic and diluted (cents per share) (discontinued)cents per share | (113.01) | (19.24) | PDF p. 63 |
Definitions & sources
Original report: PDF p. 63 ↗
(i) The financial results for financial period 2026 cover a 15-month reporting period, whereas the comparative financial results for financial year 2024 cover a 12-month reporting period. Accordingly, a direct comparison between the two periods may not be meaningful.
(ii) The comparative financial year 2024 figures have been re-presented to separately disclose the results of continuing operations and discontinued operations, in line with the current year's presentation.
Original labels repeat in source; section distinguishes them.
Where the money comes from
Segment information
By business
Note 38(a) Operating Segments – Period from 01.01.2025 to 31.03.2026 results (S$'000) 9 lines
| Item / unit | 2026AEC, period 01.01.2025 to 31.03.2026 | 2026Inoperative companies, period 01.01.2025 to 31.03.2026 | 2026Total from continuing operations, period 01.01.2025 to 31.03.2026 | 2026Discontinued operation, period 01.01.2025 to 31.03.2026 | 2026Group, period 01.01.2025 to 31.03.2026 | Source |
|---|---|---|---|---|---|---|
| Operating segments | ||||||
| Turnover – external salesS$'000 | 455 | – | 455 | 26,751 | 27,206 | PDF p. 132 |
| Loss before taxation (excluding depreciation, amortisation, HQ costs and other non operating items)S$'000 | (423) | – | (423) | (1,290) | (1,713) | PDF p. 132 |
| Depreciation and amortisationS$'000 | (611) | – | (611) | (189) | (800) | PDF p. 132 |
| Impairment loss on remeasurement of disposal groupS$'000 | – | – | – | (1,944) | (1,944) | PDF p. 132 |
| Non operating items (net)S$'000 | – | (2,146) | (2,146) | (11,668) | (13,814) | PDF p. 132 |
| TaxationS$'000 | – | – | – | (39) | (39) | PDF p. 132 |
| Loss after taxationS$'000 | (1,034) | (2,146) | (3,180) | (15,130) | (18,310) | PDF p. 132 |
| Unallocated HQ costs – Group (net)*S$'000 | – | – | – | – | (2,057) | PDF p. 132 |
| Net profit/(loss) for the periodS$'000 | (1,034) | (2,146) | (3,180) | (15,130) | (20,367) | PDF p. 132 |
Notes
The asterisk on 'Unallocated HQ costs – Group (net)*' has no footnote printed on the page.
Note 38(a) Operating Segments – Segment assets, liabilities and capital expenditure at 31.03.2026 (S$'000) 3 lines
| Item / unit | 2026AEC, 31.03.2026 | 2026Inoperative companies, 31.03.2026 | 2026IHQ (unallocated), 31.03.2026 | 2026Total from continuing operations, 31.03.2026 | 2026Discontinued operation, 31.03.2026 | 2026Group, 31.03.2026 | Source |
|---|---|---|---|---|---|---|---|
| Operating segments | |||||||
| Segment assetsS$'000 | 16,932 | 8,867 | 4,125 | 29,924 | – | 29,924 | PDF p. 132 |
| Segment liabilitiesS$'000 | 8,512 | 553 | 1,284 | 10,349 | – | 10,349 | PDF p. 132 |
| Capital expenditureS$'000 | – | 595 | – | 595 | – | 595 | PDF p. 132 |
Note 38(a) Operating Segments – Year ended 31.12.2024 results (S$'000) 9 lines
| Item / unit | 2024ICT distribution and managed services, year ended 31.12.2024 | 2024Inoperative companies, year ended 31.12.2024 | 2024Total from continuing operations, year ended 31.12.2024 | 2024Discontinued operation, year ended 31.12.2024 | 2024Group, year ended 31.12.2024 | Source |
|---|---|---|---|---|---|---|
| Operating segments | ||||||
| Turnover – external salesS$'000 | – | – | – | 181,483 | 181,483 | PDF p. 132 |
| (Loss)/Profit before taxation (excluding depreciation, amortisation, HQ costs and other non operating items)S$'000 | (72) | (123) | (195) | 1,830 | 1,635 | PDF p. 132 |
| Depreciation and amortisationS$'000 | (11) | – | (11) | (536) | (547) | PDF p. 132 |
| Impairment loss on remeasurement of disposal groupS$'000 | – | – | – | (3,668) | (3,668) | PDF p. 132 |
| Non operating items (net)S$'000 | 71 | – | 71 | 21 | 92 | PDF p. 132 |
| TaxationS$'000 | – | – | – | (223) | (223) | PDF p. 132 |
| Loss after taxationS$'000 | (12) | (123) | (135) | (2,576) | (2,711) | PDF p. 132 |
| UnallocatedS$'000 | – | – | – | – | (785) | PDF p. 132 |
| (unlabelled total row after Unallocated)S$'000 | 12 | (123) | (135) | (2,576) | (3,496) | PDF p. 132 |
Notes
The final total row has no printed label. The ICT distribution value is printed as 12 (positive) although Loss after taxation is (12).
Note 38(a) Operating Segments – Segment assets, liabilities and capital expenditure at 31.12.2024 (S$'000) 3 lines
| Item / unit | 2024ICT distribution and managed services, 31.12.2024 | 2024Inoperative companies, 31.12.2024 | 2024HQ (unallocated), 31.12.2024 | 2024Total from continuing operations, 31.12.2024 | 2024Discontinued operation, 31.12.2024 | 2024Group, 31.12.2024 | Source |
|---|---|---|---|---|---|---|---|
| Operating segments | |||||||
| Segment assetsS$'000 | 12,503 | 1,293 | 5,927 | 19,723 | 11,584 | 31,307 | PDF p. 133 |
| Segment liabilitiesS$'000 | 2,988 | 705 | 487 | 4,180 | 1,665 | 5,845 | PDF p. 133 |
| Capital expenditureS$'000 | 525 | – | – | 525 | – | 525 | PDF p. 133 |
Notes
Row labels wrap over two lines in the source ('Segment liabilities', 'Capital expenditure').
Note 38(a) Reconciliation of segment assets and liabilities to total (Group, S$'000) 6 lines
| Item / unit | 202631.03.2026 | 202431.12.2024 | Source |
|---|---|---|---|
| Reconciliation | |||
| Total assets for reportable segmentsS$'000 | 29,924 | 31,307 | PDF p. 133 |
| Elimination of inter-segment assetsS$'000 | – | – | PDF p. 133 |
| Total assetsS$'000 | 29,924 | 31,307 | PDF p. 133 |
| Total liabilities for reportable segmentsS$'000 | 10,349 | 5,845 | PDF p. 133 |
| Elimination of inter-segment liabilitiesS$'000 | – | – | PDF p. 133 |
| Total liabilitiesS$'000 | 10,349 | 5,845 | PDF p. 133 |
By geography
Note 38(b) Geographical Information (S$'000) 4 lines
| Item / unit | 2026Turnover, period from 01.01.2025 to 31.03.2026 | 2024Turnover, year ended 31.12.2024 | 2026Non-current Assets, 31.03.2026 | 2024Non-current Assets, 31.12.2024 | 2026Capital Expenditure, period ended 31.03.2026 | 2024Capital Expenditure, year ended 31.12.2024 | Source |
|---|---|---|---|---|---|---|---|
| Geographical information | |||||||
| South Asia(b)S$'000 | 6,794 | 12,616 | 19,100 | 3,023 | 595 | 525 | PDF p. 133 |
| (total before discontinued operations; unlabelled)S$'000 | 27,206 | 181,483 | 20,004 | 4,328 | 595 | 525 | PDF p. 133 |
| Discontinued operationsS$'000 | (26,751) | (181,483) | – | – | – | – | PDF p. 133 |
| (continuing total; unlabelled)S$'000 | 455 | – | 20,004 | 4,328 | 595 | 525 | PDF p. 133 |
Notes
The Southeast Asia row prints only five values; the final capital expenditure cell is a single dash, so its column assignment (2026 vs 2024) is not determinable and the sixth cell is left unstated.
(a) Southeast Asia includes Singapore, Indonesia (discontinued operation), Malaysia and Thailand. Indonesia is the largest contributor at 99% (2024: 99%) for turnover.
(b) South Asia includes India. India is the largest contributor of non-current assets at 95% (2024: 70%)
* Non-current assets exclude financial assets and deferred tax assets.
Debt
Borrowings
Lease liabilities – minimum lease payments and present value by maturity
| Item / unit | 2026Group, 31.03.2026, S$'000 | 2024Group, 31.12.2024, S$'000 | 2026Company, 31.03.2026, S$'000 | 2024Company, 31.12.2024, S$'000 | Source |
|---|---|---|---|---|---|
| Minimum lease payments due | |||||
| – Not later than 1 yearS$'000 | 48 | 5 | – | 5 | PDF p. 130 |
| – Later than 1 year but within 5 yearsS$'000 | – | 29 | – | – | PDF p. 130 |
| Carrying amount of lease liabilities | |||||
| Present value of financial lease liabilitiesS$'000 | 48 | 34 | – | 5 | PDF p. 130 |
| Present value analysis | |||||
| Not later than 1 yearS$'000 | 48 | 5 | – | 5 | PDF p. 130 |
| Later than 1 year but within 5 yearsS$'000 | – | 29 | – | – | PDF p. 130 |
Notes
Future finance charges are nil ('–') in all columns. Lease contracts have average tenure of between 2 and 20 years (page 129).
Reconciliation (page 124): lease liabilities At 1 January 2025 34; acquisitions through business combination 19; repayments (5); At 31 March 2026 48.
Note 40(b) Liquidity risk – contractual undiscounted maturities of borrowings and lease liabilities
| Item / unit | 2026Within 1 year, S$'000 | 20261 to 5 years, S$'000 | 2026After 5 years, S$'000 | 2026Total, S$'000 | Source |
|---|---|---|---|---|---|
| Group 31.03.2026 Financial liabilities | |||||
| Lease liabilitiesS$'000 | 48 | – | – | 48 | PDF p. 139 |
Notes
Based on contractual undiscounted repayment obligations. Footnote markers ^ and * as printed on the following page: ^ includes interest payable from loans and bank borrowings of S$430,000; * includes interest payable from loans and bank borrowings of S$848,000.
Note 40(b) Liquidity risk – contractual undiscounted maturities of borrowings and lease liabilities (Group 31.12.2024)
| Item / unit | 2024Within 1 year, S$'000 | 20241 to 5 years, S$'000 | 2024After 5 years, S$'000 | 2024Total, S$'000 | Source |
|---|---|---|---|---|---|
| 31.12.2024 Financial liabilities | |||||
| Lease liabilitiesS$'000 | 5 | 29 | – | 34 | PDF p. 140 |
| Loans and bank borrowingsS$'000 | 30 | 103 | – | 133 | PDF p. 140 |
Notes
Printed under the heading 31.12.2024 within the Group table on page 140 (the Group heading appears on page 139). Company 31.12.2024: Lease liabilities 5 within 1 year, total 5; Company 31.03.2026 has no borrowings or lease liabilities listed.
Borrowing notes 1 tables
Loans and bank borrowings
| Item / unit | 2026Group, 31.03.2026, S$'000 | 2024Group, 31.12.2024, S$'000 | 2026Company, 31.03.2026, S$'000 | 2024Company, 31.12.2024, S$'000 | Source |
|---|---|---|---|---|---|
| Current | |||||
| Loans and bank borrowings – currentS$'000 | 1,177 | 28 | – | – | PDF p. 123 |
| Non-current | |||||
| Loans and bank borrowings – non currentS$'000 | 4,937 | 96 | – | – | PDF p. 123 |
Notes
The current loans of the Group bear interest rates of between 8% and 11% (2024: between 8% and 11%) per annum and are repayable within the next 12 months.
The non-current loans of the Group bear interest rate of between 8% and 11% (2024: 8%) per annum and is repayable within the next 5 years.
As at 31 March 2026, the loans were secured by the corporate guarantees provided by the Company. Please refer to Note 37 for information.
In the previous financial year, loans of S$28,000 were secured over a subsidiary's trade receivables (Note 12), inventories (Note 11) and fixed deposits pledged (Note 16 and Note 16(a)). The security had been released as at year end.
Total 6,114 (Group 2026) and 124 (Group 2024); Company nil. Period 31.03.2026 covers 01.01.2025 to 31.03.2026 (15 months). Note 37: corporate guarantees total facilities S$9,653,000, outstanding S$5,775,000 (2024: nil).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company does not have a dividend policy. The Board, in considering dividend payments, will take into account factors such as the Company’s earning, financial condition, capital requirements, business expansion plans and cash flow. | Company | PDF p. 33 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| No dividend declared for FP2026 | No dividend has been declared for FP2026 as the Group intends to retain funds to support the Group’s operational requirements, growth plans and ongoing business development initiatives. | Group, FP2026 | PDF p. 33 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | Moore Stephens LLP | Group | PDF p. 62 |
| Engagement partner | Ms Chong Jia Yun, Michelle | Group | PDF p. 62 |
| Opinion | In our opinion, the accompanying consolidated financial statements of the Group and the statement of financial position of the Company are properly drawn up | Group and Company | PDF p. 57 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow ANNUAL REPORT 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.