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Financials

ANNUAL REPORT 2025

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63 tables

Group profit or loss

19 metrics

Units appear below each metric. Scroll to compare years

Group profit or loss from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
Group profit or loss
RevenueSingapore dollars thousands 128,33444,260 PDF p. 80
Cost of salesSingapore dollars thousands (106,633)(32,644) PDF p. 80
Gross profitSingapore dollars thousands 21,70111,616 PDF p. 80
Other incomeSingapore dollars thousands 1,4006,677 PDF p. 80
Selling and distribution costsSingapore dollars thousands (5,830)(5,040) PDF p. 80
Administrative and general costsSingapore dollars thousands (8,133)(7,383) PDF p. 80
Other operating expensesSingapore dollars thousands (2,379)(1,476) PDF p. 80
Net impairment loss on financial assetsSingapore dollars thousands (2)(1,041) PDF p. 80
Finance costsSingapore dollars thousands (693)(572) PDF p. 80
Share of results of associatesSingapore dollars thousands 2882,848 PDF p. 80
Impairment loss on asset classified as held for saleSingapore dollars thousands (1,837)– PDF p. 80
Profit before taxSingapore dollars thousands 4,5155,629 PDF p. 80
Income tax expenseSingapore dollars thousands (741)(1,656) PDF p. 80
Profit net of taxSingapore dollars thousands 3,7743,973 PDF p. 80
Attributable to:
Owners of the CompanySingapore dollars thousands 3,1923,886 PDF p. 80
Non-controlling interestsSingapore dollars thousands 58287 PDF p. 80
SubtotalSingapore dollars thousands 3,7743,973 PDF p. 80
(cents per share)
BasicSingapore cents per share 2.272.76 PDF p. 80
DilutedSingapore cents per share 2.272.76 PDF p. 80
Definitions & sources

Original report: PDF p. 80 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group comprehensive income

12 metrics

Units appear below each metric. Scroll to compare years

Group comprehensive income from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
Group comprehensive income
Profit net of taxSingapore dollars thousands 3,7743,973 PDF p. 81
Items that will not be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands (334)(97) PDF p. 81
Surplus on revaluation of leasehold buildingSingapore dollars thousands 365355 PDF p. 81
Fair value gain/(loss) of equity investment – financial assets at FVOCISingapore dollars thousands 2,933(3,026) PDF p. 81
Items that are or may be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands 2086 PDF p. 81
Share of other comprehensive (loss)/income of associatesSingapore dollars thousands (758)201 PDF p. 81
Foreign currency translation on loss of control of subsidiaries and disposal group classified as held for saleSingapore dollars thousands (527)30 PDF p. 81
Other comprehensive income/(loss) for the financial year, net of taxSingapore dollars thousands 1,699(2,451) PDF p. 81
Total comprehensive income for the financial yearSingapore dollars thousands 5,4731,522 PDF p. 81
Total comprehensive income attributable to:
Owners of the CompanySingapore dollars thousands 5,2251,532 PDF p. 81
Non-controlling interestsSingapore dollars thousands 248(10) PDF p. 81
SubtotalSingapore dollars thousands 5,4731,522 PDF p. 81
Definitions & sources

Original report: PDF p. 81 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group cash flows

59 metrics

Units appear below each metric. Scroll to compare years

Group cash flows from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
Cash flows from operating activities
Profit before taxSingapore dollars thousands 4,5155,629 PDF p. 85
Adjustments for:
Amortisation of intangible assetsSingapore dollars thousands 136136 PDF p. 85
Bad debts recoveredSingapore dollars thousands (1)– PDF p. 85
Depreciation of property, plant and equipmentSingapore dollars thousands 688664 PDF p. 85
Depreciation of right-of-use assetsSingapore dollars thousands 263220 PDF p. 85
Dividend incomeSingapore dollars thousands (657)(945) PDF p. 85
Gain on disposal of assets of disposal group and assets classified as held for saleSingapore dollars thousands –(4,520) PDF p. 85
(Gain)/loss on disposal of a subsidiary, netSingapore dollars thousands (32)63 PDF p. 85
(Gain)/loss on disposal of property, plant and equipment, netSingapore dollars thousands (11)2 PDF p. 85
Gain on termination of leasesSingapore dollars thousands (7)(6) PDF p. 85
Impairment loss on trade receivablesSingapore dollars thousands 761,337 PDF p. 85
Interest expenseSingapore dollars thousands 693572 PDF p. 85
Interest incomeSingapore dollars thousands (223)(261) PDF p. 85
Impairment loss on asset classified as held for saleSingapore dollars thousands 1,837– PDF p. 85
Share of results of associatesSingapore dollars thousands (288)(2,848) PDF p. 85
(Writeback of allowance)/allowance for slow moving inventoriesSingapore dollars thousands (74)1,291 PDF p. 85
Writeback of impairment loss on trade receivablesSingapore dollars thousands (74)(296) PDF p. 85
Foreign currency exchange lossSingapore dollars thousands 487100 PDF p. 85
Operating cash flows before changes in working capitalSingapore dollars thousands 7,3281,138 PDF p. 85
Decrease/(increase) in:
InventoriesSingapore dollars thousands 2,687450 PDF p. 85
Trade and other receivablesSingapore dollars thousands (18,609)(3,191) PDF p. 85
Advance payment to suppliersSingapore dollars thousands 664(2,209) PDF p. 85
PrepaymentsSingapore dollars thousands 1052 PDF p. 85
DepositsSingapore dollars thousands 118 PDF p. 85
Amounts due from associatesSingapore dollars thousands 910(133) PDF p. 85
Increase/(decrease) in:
Trade and other payablesSingapore dollars thousands 22,278879 PDF p. 85
Contract liabilitiesSingapore dollars thousands 80927 PDF p. 85
Amount due to a related partySingapore dollars thousands –(8) PDF p. 85
Provision for post-employment benefitsSingapore dollars thousands (116)6 PDF p. 85
Cash generated from/(used in) operationsSingapore dollars thousands 15,962(2,971) PDF p. 85
Bad debts recovered receivedSingapore dollars thousands 1– PDF p. 85
Income taxes paidSingapore dollars thousands (488)(16) PDF p. 85
Interest income receivedSingapore dollars thousands 158180 PDF p. 85
Net cash generated from/(used in) operating activitiesSingapore dollars thousands 15,633(2,807) PDF p. 85
Cash flows from investing activities:
Advance consideration received in relation to disposal of an associateSingapore dollars thousands 13,611– PDF p. 86
Dividend income received, net of taxSingapore dollars thousands 5881,526 PDF p. 86
Interest income receivedSingapore dollars thousands 220214 PDF p. 86
Net cash outflow on disposal of assets of disposal group classified as held for sale (Note 17)Singapore dollars thousands –(616) PDF p. 86
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands 113 PDF p. 86
Purchase of property, plant and equipmentSingapore dollars thousands (120)(185) PDF p. 86
Purchase of equity investmentsSingapore dollars thousands (1,348)(148) PDF p. 86
Settlement Amount received pursuant to Deed of SettlementSingapore dollars thousands 9001,400 PDF p. 86
Net cash generated from investing activitiesSingapore dollars thousands 13,8622,194 PDF p. 86
Cash flows from financing activities:
Dividend paidSingapore dollars thousands (703)– PDF p. 86
Interest expense paidSingapore dollars thousands (486)(404) PDF p. 86
Interest expense paid to a related partySingapore dollars thousands –(31) PDF p. 86
Advances from a related partySingapore dollars thousands 40– PDF p. 86
Repayments of amount due to a related partySingapore dollars thousands –(189) PDF p. 86
(Increase)/decrease in pledged depositsSingapore dollars thousands (750)58 PDF p. 86
Repayments of term loansSingapore dollars thousands (482)(1,133) PDF p. 86
Drawdown of trust receiptsSingapore dollars thousands 42,21115,556 PDF p. 86
Repayments of trust receiptsSingapore dollars thousands (38,592)(15,181) PDF p. 86
Repayments of lease liabilities – principalSingapore dollars thousands (159)(276) PDF p. 86
Repayments of lease liabilities – interestSingapore dollars thousands (137)(157) PDF p. 86
Net cash generated from/(used in) financing activitiesSingapore dollars thousands 942(1,757) PDF p. 86
Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands 30,437(2,370) PDF p. 86
Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands (734)142 PDF p. 86
Cash and cash equivalents at 1 JanuarySingapore dollars thousands 7,7059,933 PDF p. 86
Cash and cash equivalents at 31 December (Note 34)Singapore dollars thousands 37,4087,705 PDF p. 86
Definitions & sources

Original report: PDF p. 85 ↗ PDF p. 86 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group financial position

50 metrics

Units appear below each metric. Scroll to compare years

Group financial position from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 9,5889,714 PDF p. 78
Right-of-use assetsSingapore dollars thousands 2,2252,462 PDF p. 78
Investment in subsidiariesSingapore dollars thousands –– PDF p. 78
Investment in associatesSingapore dollars thousands 2,2249,427 PDF p. 78
Intangible assetsSingapore dollars thousands –136 PDF p. 78
Financial assets at fair value through other comprehensive income (“FVOCI”)Singapore dollars thousands 10,1115,830 PDF p. 78
Other receivablesSingapore dollars thousands 465900 PDF p. 78
Amounts due from associateSingapore dollars thousands –15,990 PDF p. 78
Deferred tax assetsSingapore dollars thousands 1034 PDF p. 78
SubtotalSingapore dollars thousands 24,62344,493 PDF p. 78
Current assets
InventoriesSingapore dollars thousands 8,45911,084 PDF p. 78
Trade receivablesSingapore dollars thousands 31,70813,011 PDF p. 78
Other receivablesSingapore dollars thousands 9781,536 PDF p. 78
Advance payment to suppliersSingapore dollars thousands 1,6052,287 PDF p. 78
PrepaymentsSingapore dollars thousands 109119 PDF p. 78
DepositsSingapore dollars thousands 1516 PDF p. 78
Amounts due from associatesSingapore dollars thousands –2,053 PDF p. 78
Amounts due from subsidiariesSingapore dollars thousands –– PDF p. 78
Fixed and bank depositsSingapore dollars thousands 21,2487,210 PDF p. 78
Cash and bank balancesSingapore dollars thousands 23,9367,521 PDF p. 78
SubtotalSingapore dollars thousands 88,05844,837 PDF p. 78
Assets of disposal group classified as held for saleSingapore dollars thousands 21,913– PDF p. 78
SubtotalSingapore dollars thousands 109,97144,837 PDF p. 78
Current liabilities
Trade payablesSingapore dollars thousands 25,7706,951 PDF p. 78
Other payablesSingapore dollars thousands 20,0022,918 PDF p. 78
Contract liabilitiesSingapore dollars thousands 1,290437 PDF p. 78
Amount due to a related partySingapore dollars thousands 39– PDF p. 78
Amounts due to banksSingapore dollars thousands 10,3246,952 PDF p. 78
Term loansSingapore dollars thousands –482 PDF p. 78
Lease liabilitiesSingapore dollars thousands 179171 PDF p. 78
Provision for taxationSingapore dollars thousands 841616 PDF p. 78
SubtotalSingapore dollars thousands 58,44518,527 PDF p. 78
Net current assetsSingapore dollars thousands 51,52626,310 PDF p. 78
Non-current liabilities
Amounts due to subsidiariesSingapore dollars thousands –– PDF p. 79
Provision for post-employment benefitsSingapore dollars thousands 46162 PDF p. 79
Lease liabilitiesSingapore dollars thousands 2,3272,465 PDF p. 79
Deferred tax liabilitiesSingapore dollars thousands 1,2431,260 PDF p. 79
SubtotalSingapore dollars thousands 3,6163,887 PDF p. 79
Net assetsSingapore dollars thousands 72,53366,916 PDF p. 79
Equity
Share capitalSingapore dollars thousands 144,099144,099 PDF p. 79
Treasury sharesSingapore dollars thousands (25)(25) PDF p. 79
Foreign currency translation reserveSingapore dollars thousands (2,764)(1,643) PDF p. 79
Capital reserveSingapore dollars thousands 55 PDF p. 79
Revaluation reserveSingapore dollars thousands 8,4438,078 PDF p. 79
Reserves of disposal group classified as held for saleSingapore dollars thousands (440)– PDF p. 79
Other reservesSingapore dollars thousands (1,412)(4,641) PDF p. 79
Accumulated lossesSingapore dollars thousands (75,335)(77,824) PDF p. 79
Equity attributable to owners of the CompanySingapore dollars thousands 72,57168,049 PDF p. 79
Non-controlling interestsSingapore dollars thousands (38)(1,133) PDF p. 79
Total equitySingapore dollars thousands 72,53366,916 PDF p. 79
Definitions & sources

Original report: PDF p. 78 ↗ PDF p. 79 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Company financial position

50 metrics

Units appear below each metric. Scroll to compare years

Company financial position from ANNUAL REPORT 2025
Metric / unit 2025Company / year ended 31 December 20252024Company / year ended 31 December 2024 Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 104 PDF p. 78
Right-of-use assetsSingapore dollars thousands –– PDF p. 78
Investment in subsidiariesSingapore dollars thousands 53,67756,167 PDF p. 78
Investment in associatesSingapore dollars thousands 7323,545 PDF p. 78
Intangible assetsSingapore dollars thousands –– PDF p. 78
Financial assets at fair value through other comprehensive income (“FVOCI”)Singapore dollars thousands 10,1115,830 PDF p. 78
Other receivablesSingapore dollars thousands –900 PDF p. 78
Amounts due from associateSingapore dollars thousands –– PDF p. 78
Deferred tax assetsSingapore dollars thousands –– PDF p. 78
SubtotalSingapore dollars thousands 64,53066,446 PDF p. 78
Current assets
InventoriesSingapore dollars thousands –– PDF p. 78
Trade receivablesSingapore dollars thousands –– PDF p. 78
Other receivablesSingapore dollars thousands 11– PDF p. 78
Advance payment to suppliersSingapore dollars thousands –– PDF p. 78
PrepaymentsSingapore dollars thousands 1215 PDF p. 78
DepositsSingapore dollars thousands –– PDF p. 78
Amounts due from associatesSingapore dollars thousands –180 PDF p. 78
Amounts due from subsidiariesSingapore dollars thousands 5,3302,418 PDF p. 78
Fixed and bank depositsSingapore dollars thousands 13,498– PDF p. 78
Cash and bank balancesSingapore dollars thousands 1,1462,507 PDF p. 78
SubtotalSingapore dollars thousands 19,9975,120 PDF p. 78
Assets of disposal group classified as held for saleSingapore dollars thousands 2,983– PDF p. 78
SubtotalSingapore dollars thousands 22,9805,120 PDF p. 78
Current liabilities
Trade payablesSingapore dollars thousands –– PDF p. 78
Other payablesSingapore dollars thousands 14,495597 PDF p. 78
Contract liabilitiesSingapore dollars thousands –– PDF p. 78
Amount due to a related partySingapore dollars thousands –– PDF p. 78
Amounts due to banksSingapore dollars thousands –– PDF p. 78
Term loansSingapore dollars thousands –– PDF p. 78
Lease liabilitiesSingapore dollars thousands –– PDF p. 78
Provision for taxationSingapore dollars thousands –– PDF p. 78
SubtotalSingapore dollars thousands 14,495597 PDF p. 78
Net current assetsSingapore dollars thousands 8,4854,523 PDF p. 78
Non-current liabilities
Amounts due to subsidiariesSingapore dollars thousands –2,005 PDF p. 79
Provision for post-employment benefitsSingapore dollars thousands –– PDF p. 79
Lease liabilitiesSingapore dollars thousands –– PDF p. 79
Deferred tax liabilitiesSingapore dollars thousands 116116 PDF p. 79
SubtotalSingapore dollars thousands 1162,121 PDF p. 79
Net assetsSingapore dollars thousands 72,89968,848 PDF p. 79
Equity
Share capitalSingapore dollars thousands 144,099144,099 PDF p. 79
Treasury sharesSingapore dollars thousands (25)(25) PDF p. 79
Foreign currency translation reserveSingapore dollars thousands –– PDF p. 79
Capital reserveSingapore dollars thousands –– PDF p. 79
Revaluation reserveSingapore dollars thousands –– PDF p. 79
Reserves of disposal group classified as held for saleSingapore dollars thousands (296)– PDF p. 79
Other reservesSingapore dollars thousands (149)(3,378) PDF p. 79
Accumulated lossesSingapore dollars thousands (70,730)(71,848) PDF p. 79
Equity attributable to owners of the CompanySingapore dollars thousands 72,89968,848 PDF p. 79
Non-controlling interestsSingapore dollars thousands –– PDF p. 79
Total equitySingapore dollars thousands 72,89968,848 PDF p. 79
Definitions & sources

Original report: PDF p. 78 ↗ PDF p. 79 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group changes in equity / 2025

13 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity / 2025 from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 2025 / Share capital2025Group / year ended 31 December 2025 / Treasury shares2025Group / year ended 31 December 2025 / Foreign currency translation reserve2025Group / year ended 31 December 2025 / Capital reserve2025Group / year ended 31 December 2025 / Revaluation reserve2025Group / year ended 31 December 2025 / Reserves of disposal group classified as held for sale2025Group / year ended 31 December 2025 / Other reserves2025Group / year ended 31 December 2025 / Accumulated losses2025Group / year ended 31 December 2025 / Total attributable to owners of the Company2025Group / year ended 31 December 2025 / Non-controlling interests2025Group / year ended 31 December 2025 / Total equity Source
Group changes in equity
At 1 January 2025Singapore dollars thousands 144,099(25)(1,643)58,078–(4,641)(77,824)68,049(1,133)66,916 PDF p. 82
Profit net of taxSingapore dollars thousands –––––––3,1923,1925823,774 PDF p. 82
to profit or loss:
Foreign currency translationSingapore dollars thousands –––––––––(334)(334) PDF p. 82
Surplus on revaluation of leasehold buildingSingapore dollars thousands ––––365–––365–365 PDF p. 82
Fair value gain of equity investment – financial assets at FVOCISingapore dollars thousands ––––––2,933–2,933–2,933 PDF p. 82
Foreign currency translationSingapore dollars thousands ––20–––––20–20 PDF p. 82
Share of other comprehensive loss of associatesSingapore dollars thousands ––(711)––(47)––(758)–(758) PDF p. 82
Foreign currency translation on loss of loss of control of a subsidiarySingapore dollars thousands ––(527)–––––(527)–(527) PDF p. 82
Total comprehensive income/ (loss) for the financial yearSingapore dollars thousands ––(1,218)–365(47)2,9333,1925,2252485,473 PDF p. 82
Dividend paid (Note 35)Singapore dollars thousands –––––––(703)(703)–(703) PDF p. 82
Disposal of non-controlling interest in subsidiarySingapore dollars thousands –––––––––847847 PDF p. 82
Reserves attributable to disposal group classified as held for saleSingapore dollars thousands ––97––(393)296–––– PDF p. 82
At 31 December 2025Singapore dollars thousands 144,099(25)(2,764)58,443(440)(1,412)(75,335)72,571(38)72,533 PDF p. 82
Definitions & sources

Original report: PDF p. 82 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Company changes in equity / 2025

7 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2025 from ANNUAL REPORT 2025
Metric / unit 2025Company / year ended 31 December 2025 / Share capital2025Company / year ended 31 December 2025 / Treasury shares2025Company / year ended 31 December 2025 / Reserves of disposal group classified as held for sale2025Company / year ended 31 December 2025 / Other reserves2025Company / year ended 31 December 2025 / Accumulated losses2025Company / year ended 31 December 2025 / Total equity Source
Company changes in equity
At 1 January 2025Singapore dollars thousands 144,099(25)–(3,378)(71,848)68,848 PDF p. 84
Profit net of taxSingapore dollars thousands ––––1,8211,821 PDF p. 84
to profit or loss:
Fair value gain of equity investment – financial assets at FVOCISingapore dollars thousands –––2,933–2,933 PDF p. 84
Total comprehensive income for the financial yearSingapore dollars thousands –––2,9331,8214,754 PDF p. 84
Dividend paid (Note 35)Singapore dollars thousands ––––(703)(703) PDF p. 84
Reserves attributable to disposal group classified as held for saleSingapore dollars thousands ––(296)296–– PDF p. 84
At 31 December 2025Singapore dollars thousands 144,099(25)(296)(149)(70,730)72,899 PDF p. 84
Definitions & sources

Original report: PDF p. 84 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group changes in equity / 2024

12 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity / 2024 from ANNUAL REPORT 2025
Metric / unit 2024Group / year ended 31 December 2024 / Share capital2024Group / year ended 31 December 2024 / Treasury shares2024Group / year ended 31 December 2024 / Foreign currency translation reserve2024Group / year ended 31 December 2024 / Capital reserve2024Group / year ended 31 December 2024 / Revaluation reserve2024Group / year ended 31 December 2024 / Reserves of disposal group classified as held for sale2024Group / year ended 31 December 2024 / Other reserves2024Group / year ended 31 December 2024 / Accumulated losses2024Group / year ended 31 December 2024 / Total attributable to owners of the Company2024Group / year ended 31 December 2024 / Non-controlling interests2024Group / year ended 31 December 2024 / Total equity Source
Group changes in equity
At 1 January 2024Singapore dollars thousands 144,099(25)(2,058)57,723385(1,615)(81,997)66,517(2,875)63,642 PDF p. 83
Profit net of taxSingapore dollars thousands –––––––3,8863,886873,973 PDF p. 83
to profit or loss:
Foreign currency translationSingapore dollars thousands –––––––––(97)(97) PDF p. 83
Surplus on revaluation of leasehold buildingSingapore dollars thousands ––––355–––355–355 PDF p. 83
Fair value loss of equity investment – financial assets at FVOCISingapore dollars thousands ––––––(3,026)–(3,026)–(3,026) PDF p. 83
Foreign currency translationSingapore dollars thousands ––151––(65)––86–86 PDF p. 83
Share of other comprehensive income of associatesSingapore dollars thousands ––201–––––201–201 PDF p. 83
Foreign currency translation on loss of control of disposal group classified as held for sale and loss of control of subsidiariesSingapore dollars thousands ––63––(33)––30–30 PDF p. 83
Total comprehensive income/ (loss) for the financial yearSingapore dollars thousands ––415–355(98)(3,026)3,8861,532(10)1,522 PDF p. 83
Reserve transferred to accumulated losses on loss of control of disposal group classified as held for saleSingapore dollars thousands –––––(287)–287––– PDF p. 83
Disposal of non-controlling interest in disposal group classified as held for saleSingapore dollars thousands –––––––––1,7521,752 PDF p. 83
At 31 December 2024Singapore dollars thousands 144,099(25)(1,643)58,078–(4,641)(77,824)68,049(1,133)66,916 PDF p. 83
Definitions & sources

Original report: PDF p. 83 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Company changes in equity / 2024

5 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2024 from ANNUAL REPORT 2025
Metric / unit 2024Company / year ended 31 December 2024 / Share capital2024Company / year ended 31 December 2024 / Treasury shares2024Company / year ended 31 December 2024 / Reserves of disposal group classified as held for sale2024Company / year ended 31 December 2024 / Other reserves2024Company / year ended 31 December 2024 / Accumulated losses2024Company / year ended 31 December 2024 / Total equity Source
to profit or loss:
At 1 January 2024Singapore dollars thousands 144,099(25)–(352)(73,198)70,524 PDF p. 84
Profit net of taxSingapore dollars thousands ––––1,3501,350 PDF p. 84
Fair value loss of equity investment – financial assets at FVOCISingapore dollars thousands –––(3,026)–(3,026) PDF p. 84
Total comprehensive (loss)/ income for the financial yearSingapore dollars thousands –––(3,026)1,350(1,676) PDF p. 84
At 31 December 2024Singapore dollars thousands 144,099(25)–(3,378)(71,848)68,848 PDF p. 84
Definitions & sources

Original report: PDF p. 84 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Original five-year highlights / NET ASSETS VALUE PER SHARE

1 metrics

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Original five-year highlights / NET ASSETS VALUE PER SHARE from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 20242023Group / year ended 31 December 20232022Group / year ended 31 December 20222021Group / year ended 31 December 2021 Source
Original five-year financial highlights
NET ASSETS VALUE PER SHARESingapore cents per share 51.5948.3847.2960.0156.89 PDF p. 16
Definitions & sources

Original report: PDF p. 16 ↗

Each original chart amount is assigned to its printed FY category by native horizontal coordinates. NAV and EPS use owner equity/profit; current ratio includes held-for-sale current assets and liabilities.

Original five-year highlights / EARNINGS/(LOSS) PER SHARE

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Original five-year highlights / EARNINGS/(LOSS) PER SHARE from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 20242023Group / year ended 31 December 20232022Group / year ended 31 December 20222021Group / year ended 31 December 2021 Source
Original five-year financial highlights
EARNINGS/(LOSS) PER SHARESingapore cents per share 2.272.76(12.79)1.780.24 PDF p. 16
Definitions & sources

Original report: PDF p. 16 ↗

Each original chart amount is assigned to its printed FY category by native horizontal coordinates. NAV and EPS use owner equity/profit; current ratio includes held-for-sale current assets and liabilities.

Original five-year highlights / TURNOVER

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Original five-year highlights / TURNOVER from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 20242023Group / year ended 31 December 20232022Group / year ended 31 December 20222021Group / year ended 31 December 2021 Source
Original five-year financial highlights
TURNOVERSingapore dollars millions 128.3344.2650.30135.1459.82 PDF p. 16
Definitions & sources

Original report: PDF p. 16 ↗

Each original chart amount is assigned to its printed FY category by native horizontal coordinates. NAV and EPS use owner equity/profit; current ratio includes held-for-sale current assets and liabilities.

Original five-year highlights / PROFIT/(LOSS) BEFORE TAX

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Original five-year highlights / PROFIT/(LOSS) BEFORE TAX from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 20242023Group / year ended 31 December 20232022Group / year ended 31 December 20222021Group / year ended 31 December 2021 Source
Original five-year financial highlights
PROFIT/(LOSS) BEFORE TAXSingapore dollars millions 4.525.63(0.68)3.110.83 PDF p. 16
Definitions & sources

Original report: PDF p. 16 ↗

Each original chart amount is assigned to its printed FY category by native horizontal coordinates. NAV and EPS use owner equity/profit; current ratio includes held-for-sale current assets and liabilities.

Original five-year highlights / CURRENT RATIO

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Original five-year highlights / CURRENT RATIO from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 20242023Group / year ended 31 December 20232022Group / year ended 31 December 20222021Group / year ended 31 December 2021 Source
Original five-year financial highlights
CURRENT RATIOTimes 1.882.422.501.801.24 PDF p. 16
Definitions & sources

Original report: PDF p. 16 ↗

Each original chart amount is assigned to its printed FY category by native horizontal coordinates. NAV and EPS use owner equity/profit; current ratio includes held-for-sale current assets and liabilities.

EPS original owner-profit input / 2025

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EPS original owner-profit input / 2025 from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
EPS numerator
Profit net of tax attributable to owners of the CompanySingapore dollars thousands 3,1923,886 PDF p. 126
Definitions & sources

Original report: PDF p. 126 ↗

EPS original weighted-share input / 2025

1 metrics

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EPS original weighted-share input / 2025 from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
EPS denominator
Weighted average number of ordinary shares on issue (excluding treasury shares) for earnings per share computationThousands of shares 140,667140,667 PDF p. 126
Definitions & sources

Original report: PDF p. 126 ↗

Share counts are printed in thousands, not whole shares.

Original cash-flow cash reconciliation / 2025

4 metrics

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Original cash-flow cash reconciliation / 2025 from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
Original cash-flow cash reconciliation
Fixed and bank depositsSingapore dollars thousands 21,2487,210 PDF p. 126
Cash and bank balancesSingapore dollars thousands 23,9367,521 PDF p. 126
Less: Bank balances and deposits pledgedSingapore dollars thousands (7,776)(7,026) PDF p. 126
Cash and cash equivalentsSingapore dollars thousands 37,4087,705 PDF p. 126
Definitions & sources

Original report: PDF p. 126 ↗

The FY2023 cash-flow cash includes 1,084 thousand held-for-sale disposal-group cash and deducts pledged balances; it is not only balance-sheet cash.

Original defined capital-management gearing / 2025

10 metrics

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Original defined capital-management gearing / 2025 from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
Original capital-management gearing
Current liabilitiesSingapore dollars thousands 58,44518,527 PDF p. 144
Non-current liabilitiesSingapore dollars thousands 3,6163,887 PDF p. 144
Total liabilitiesSingapore dollars thousands 62,06122,414 PDF p. 144
Less:
Contract liabilitiesSingapore dollars thousands (1,290)(437) PDF p. 144
Advance consideration received in relation to disposal of PTGSingapore dollars thousands (13,498)– PDF p. 144
Provision for taxationSingapore dollars thousands (841)(616) PDF p. 144
Deferred taxationSingapore dollars thousands (1,243)(1,260) PDF p. 144
Total debtSingapore dollars thousands 45,18920,101 PDF p. 144
Equity attributable to the owners of the CompanySingapore dollars thousands 72,57168,049 PDF p. 144
Gearing ratioTimes 0.620.30 PDF p. 144
Definitions & sources

Original report: PDF p. 144 ↗

FY2022 original basis: amounts due to banks and term loans divided by owner equity less other reserves. FY2023 and later basis: total liabilities excluding contract liabilities, provision for taxation and deferred tax, divided by owner equity; FY2025 additionally excludes PTG disposal advance consideration. FY2022 original 0.31 is distinct from later FY2023 comparative 0.57. Do not treat these definitions as one uniform historical series.

Original issued and treasury share counts / 2025

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Original issued and treasury share counts / 2025 from ANNUAL REPORT 2025
Metric / unit 2025Group and Company / year ended 31 December 20252024Group and Company / year ended 31 December 2024 Source
Original share count in thousands
Issued and fully paid ordinary sharesThousands of shares 140,767140,767 PDF p. 120
Treasury sharesThousands of shares 100100 PDF p. 120
Definitions & sources

Original report: PDF p. 120 ↗

Both issued and treasury share counts are printed in thousands. The year-end eligible count is the difference, not the issued count including treasury.

Original ordinary dividend cash paid during FY2025

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Original ordinary dividend cash paid during FY2025 from ANNUAL REPORT 2025
Metric / unit 2025Group and Company / cash paid in reporting year / year ended 31 December 2025 Source
Final tax exempt dividend of $0.005 per share paid in respect of
the previous financial year ended 31 December 2024Singapore dollars thousands 703 PDF p. 127
Definitions & sources

Original report: PDF p. 127 ↗

703 thousand paid for the previous financial year is distinct from FY2025 proposed dividends.

Original proposed final dividend rate

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Original proposed final dividend rate from ANNUAL REPORT 2025
Metric / unit 2025Group and Company / proposed / year ended 31 December 20252024Group and Company / proposed / year ended 31 December 2024 Source
Proposed final dividend
final tax exempt dividendSingapore dollars per share 0.0050.005 PDF p. 127
Definitions & sources

Original report: PDF p. 127 ↗

The proposed FY2025 and FY2024 final rates are each S$0.005 per share. Proposed dividends are not year-end liabilities or cash paid during that year.

Original proposed special dividend rate

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Original proposed special dividend rate from ANNUAL REPORT 2025
Metric / unit 2025Group and Company / proposed / year ended 31 December 2025 Source
Proposed special dividend
special tax exempt dividendSingapore dollars per share 0.005 PDF p. 127
Definitions & sources

Original report: PDF p. 127 ↗

FY2025 special rate S$0.005 per share is additional to the final rate S$0.005. The source says prior-year special dividend Nil; no invented historical zero series.

Original proposed dividend cash estimate

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Original proposed dividend cash estimate from ANNUAL REPORT 2025
Metric / unit 2025Group and Company / proposed total / year ended 31 December 20252024Group and Company / proposed total / year ended 31 December 2024 Source
Original proposed dividends
approximatelySingapore dollars 1,407,000703,000 PDF p. 127
Definitions & sources

Original report: PDF p. 127 ↗

Whole Singapore dollars, not thousands. FY2025 final plus special together total approximately 1,407,000; FY2024 final approximately 703,000.

Reportable business-segment amounts

13 metrics

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Reportable business-segment amounts from ANNUAL REPORT 2025
Metric / unit 2025Group / Trading2024Group / Trading2025Group / Manufacturing/Design/Research and Development2024Group / Manufacturing/Design/Research and Development2025Group / Marine Logistics2024Group / Marine Logistics2025Group / Corporate/Others2024Group / Corporate/Others2025Group / Eliminations2024Group / Eliminations2025Group / Consolidated Group2024Group / Consolidated Group Source
Revenue:
External customersSingapore dollars thousands 109,15841,6631,3342,32017,842––277––128,33444,260 PDF p. 146
Intersegment salesSingapore dollars thousands 36742462733––3,2402,970(4,069)(3,745)–– PDF p. 146
Total revenueSingapore dollars thousands 109,52541,7051,7963,05317,842–3,2403,247(4,069)(3,745)128,33444,260 PDF p. 146
Result:Singapore dollars thousands 4,4391,045(447)2472692,4063,0493,003314(198)7,6246,503 PDF p. 146
Depreciation and amortisationSingapore dollars thousands (967)(906)(117)(111)––(3)(3)––(1,087)(1,020) PDF p. 146
Other non-cash income/(expenses)Singapore dollars thousands (63)(1,259)62(91)(2,575)626––2,575(626)(1)(1,350) PDF p. 146
Net impairment loss on financial assetsSingapore dollars thousands (2)(1,041)––––––––(2)(1,041) PDF p. 146
Finance costsSingapore dollars thousands (676)(536)(17)(35)–––(1)––(693)(572) PDF p. 146
Assets:Singapore dollars thousands 101,02171,1181,5601,9981,49216483,96768,025(60,544)(61,436)127,49679,869 PDF p. 146
Investment in associatesSingapore dollars thousands –––––2,4827,0886,945––7,0889,427 PDF p. 146
Liabilities:Singapore dollars thousands (57,084)(29,701)(6,098)(5,965)(83,031)(83,755)(26,060)(17,638)112,296116,521(59,977)(20,538) PDF p. 146
Other segment information:
Additions to non-current assets – Property, plant and equipmentSingapore dollars thousands 103147938––8–––120185 PDF p. 146
– Right-of-use assetsSingapore dollars thousands 47201–351––––––47552 PDF p. 146
Definitions & sources

Original report: PDF p. 146 ↗

Original footnotes: PT Eastern Jason allocation is based on operations/holding company; PTG associate held-for-sale value 4,864 is within Corporate/Others investments. Unallocated assets/liabilities are deferred tax assets, deferred tax liabilities and provision for tax.

Business-segment consolidated-only reconciliations

10 metrics

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Business-segment consolidated-only reconciliations from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
Revenue:
Interest incomeSingapore dollars thousands 223261 PDF p. 146
Share of results of associatesSingapore dollars thousands 2882,848 PDF p. 146
Impairment loss on asset classified as held for saleSingapore dollars thousands (1,837)– PDF p. 146
Profit before taxSingapore dollars thousands 4,5155,629 PDF p. 146
Income tax expenseSingapore dollars thousands (741)(1,656) PDF p. 146
Profit net of taxSingapore dollars thousands 3,7743,973 PDF p. 146
Unallocated assets (3)Singapore dollars thousands 1034 PDF p. 146
Total assetsSingapore dollars thousands 134,59489,330 PDF p. 146
Unallocated liabilities (3)Singapore dollars thousands (2,084)(1,876) PDF p. 146
Total liabilitiesSingapore dollars thousands (62,061)(22,414) PDF p. 146
Definitions & sources

Original report: PDF p. 146 ↗

Original blank non-Group component cells are excluded by explicit source column projection; they are not zero values.

Intersegment profit adjustments

6 metrics

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Intersegment profit adjustments from ANNUAL REPORT 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
Intersegment profit adjustments
Interest income from inter-segmentsSingapore dollars thousands 27 PDF p. 147
Interest expense from inter-segmentsSingapore dollars thousands (2)(7) PDF p. 147
(Loss)/profit from inter-segments operationSingapore dollars thousands (1,574)3,744 PDF p. 147
Exchange differences on quasi-equity loansSingapore dollars thousands 6,420(2,258) PDF p. 147
Dividend from subsidiaries and associatesSingapore dollars thousands (4,532)(1,684) PDF p. 147
SubtotalSingapore dollars thousands 314(198) PDF p. 147
Definitions & sources

Original report: PDF p. 147 ↗

Geographical revenue and non-current assets

9 metrics

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Geographical revenue and non-current assets from ANNUAL REPORT 2025
Metric / unit 2025Group / External revenue by customer location2024Group / External revenue by customer location2025Group / Non-current assets by asset location2024Group / Non-current assets by asset location Source
Geographical revenue and non-current assets
IndonesiaSingapore dollars thousands 2,0463,529697,392 PDF p. 147
JapanSingapore dollars thousands ––2,2242,190 PDF p. 147
People’s Republic of ChinaSingapore dollars thousands 8931,061–– PDF p. 147
SingaporeSingapore dollars thousands 13,7328,46611,30611,617 PDF p. 147
ThailandSingapore dollars thousands 27,10821,431–– PDF p. 147
United KingdomSingapore dollars thousands 55185438540 PDF p. 147
VietnamSingapore dollars thousands 78,8524,815–– PDF p. 147
OthersSingapore dollars thousands 5,6484,773–– PDF p. 147
SubtotalSingapore dollars thousands 128,33444,26014,03721,739 PDF p. 147
Definitions & sources

Original report: PDF p. 147 ↗

Noncurrent assets comprise PPE, ROU assets, associates and intangible assets. Customer and asset locations are separate bases.

Group profit or loss

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Group profit or loss from ANNUAL REPORT 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
Group profit or loss
RevenueSingapore dollars thousands 50,303 PDF p. 75
Cost of salesSingapore dollars thousands (37,027) PDF p. 75
Gross profitSingapore dollars thousands 13,276 PDF p. 75
Other incomeSingapore dollars thousands 1,563 PDF p. 75
Selling and distribution costsSingapore dollars thousands (5,420) PDF p. 75
Administrative and general costsSingapore dollars thousands (7,545) PDF p. 75
Other operating expensesSingapore dollars thousands (2,065) PDF p. 75
Net impairment loss on financial assetsSingapore dollars thousands (79) PDF p. 75
Finance costsSingapore dollars thousands (769) PDF p. 75
Share of results of associatesSingapore dollars thousands (638) PDF p. 75
Writeback of impairment loss on investment in associateSingapore dollars thousands 1,000 PDF p. 75
Profit/(loss) before taxSingapore dollars thousands (677) PDF p. 75
Income tax expenseSingapore dollars thousands (658) PDF p. 75
Profit/(loss) net of taxSingapore dollars thousands (1,335) PDF p. 75
Attributable to:
Owners of the CompanySingapore dollars thousands (17,989) PDF p. 75
Non-controlling interestsSingapore dollars thousands 16,654 PDF p. 75
SubtotalSingapore dollars thousands (1,335) PDF p. 75
(cents per share)
BasicSingapore cents per share (12.79) PDF p. 75
DilutedSingapore cents per share (12.79) PDF p. 75
Definitions & sources

Original report: PDF p. 75 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group comprehensive income

12 metrics

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Group comprehensive income from ANNUAL REPORT 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
Group comprehensive income
Profit/(loss) net of taxSingapore dollars thousands (1,335) PDF p. 76
Items that will not be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands (368) PDF p. 76
Surplus on revaluation of leasehold buildingSingapore dollars thousands 360 PDF p. 76
Fair value loss of equity investment – financial assets at FVOCISingapore dollars thousands (195) PDF p. 76
Items that are or may be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands 482 PDF p. 76
Share of other comprehensive income/(loss) of associatesSingapore dollars thousands (256) PDF p. 76
Foreign currency translation on loss of control of disposal group classified as held for sale and loss of control of subsidiariesSingapore dollars thousands (301) PDF p. 76
Other comprehensive loss for the financial year, net of taxSingapore dollars thousands (278) PDF p. 76
Total comprehensive income/(loss) for the financial yearSingapore dollars thousands (1,613) PDF p. 76
Total comprehensive income/(loss) attributable to:
Owners of the CompanySingapore dollars thousands (17,899) PDF p. 76
Non-controlling interestsSingapore dollars thousands 16,286 PDF p. 76
SubtotalSingapore dollars thousands (1,613) PDF p. 76
Definitions & sources

Original report: PDF p. 76 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group cash flows

63 metrics

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Group cash flows from ANNUAL REPORT 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
Cash flows from operating activities
Profit/(loss) before taxSingapore dollars thousands (677) PDF p. 80
Adjustments for:
Allowance/(writeback of allowance) for slow moving inventoriesSingapore dollars thousands (40) PDF p. 80
Amortisation of intangible assetsSingapore dollars thousands 137 PDF p. 80
Bad debts written offSingapore dollars thousands 8 PDF p. 80
Depreciation of property, plant and equipmentSingapore dollars thousands 1,585 PDF p. 80
Depreciation of right-of-use assetsSingapore dollars thousands 190 PDF p. 80
Dividend incomeSingapore dollars thousands – PDF p. 80
Gain on disposal of assets of disposal group and assets classified as held for saleSingapore dollars thousands (64) PDF p. 80
Loss/(gain) on disposal of a subsidiary, netSingapore dollars thousands (430) PDF p. 80
Loss/(gain) on disposal of property, plant and equipment, netSingapore dollars thousands (8) PDF p. 80
Gain on termination of leasesSingapore dollars thousands – PDF p. 80
Impairment loss on trade and other receivables (current)Singapore dollars thousands 274 PDF p. 80
Interest expenseSingapore dollars thousands 769 PDF p. 80
Implicit interest incomeSingapore dollars thousands (4) PDF p. 80
Interest incomeSingapore dollars thousands (186) PDF p. 80
Loss on settlement of loan to AzmilSingapore dollars thousands 1,710 PDF p. 80
Share of results of associatesSingapore dollars thousands 638 PDF p. 80
Writeback of impairment loss on investment in associateSingapore dollars thousands (1,000) PDF p. 80
Writeback of impairment loss on trade receivablesSingapore dollars thousands (195) PDF p. 80
Foreign currency exchange loss/(gain)Singapore dollars thousands (75) PDF p. 80
Operating cash flows before changes in working capitalSingapore dollars thousands 2,632 PDF p. 80
Decrease/(increase) in:
InventoriesSingapore dollars thousands 1,159 PDF p. 80
Trade and other receivablesSingapore dollars thousands 21,033 PDF p. 80
Advance payment to suppliersSingapore dollars thousands 926 PDF p. 80
PrepaymentsSingapore dollars thousands (8) PDF p. 80
DepositsSingapore dollars thousands (21) PDF p. 80
Amounts due from associatesSingapore dollars thousands (17,976) PDF p. 80
Increase/(decrease) in:
Trade and other payablesSingapore dollars thousands (2,146) PDF p. 80
Contract liabilitiesSingapore dollars thousands (1,443) PDF p. 80
Amount due to a related partySingapore dollars thousands 6 PDF p. 80
Provision for post-employment benefitsSingapore dollars thousands (18) PDF p. 80
Cash (used in)/generated from operationsSingapore dollars thousands 4,144 PDF p. 80
Income taxes paidSingapore dollars thousands (358) PDF p. 80
Interest income receivedSingapore dollars thousands 240 PDF p. 80
Net cash (used in)/generated from operating activitiesSingapore dollars thousands 4,026 PDF p. 80
Cash flows from investing activities:
Dividend income received, net of taxSingapore dollars thousands – PDF p. 81
Interest income receivedSingapore dollars thousands 6 PDF p. 81
Net cash outflow on disposal of assets of disposal group classified as held for sale (Note 17)Singapore dollars thousands – PDF p. 81
Proceeds from disposal of assets classified as held for saleSingapore dollars thousands 20,830 PDF p. 81
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands 10 PDF p. 81
Purchase of property, plant and equipmentSingapore dollars thousands (82) PDF p. 81
Purchase of quoted equity sharesSingapore dollars thousands – PDF p. 81
Repayment of loan from associateSingapore dollars thousands 2,530 PDF p. 81
Repayment of loan from investee companySingapore dollars thousands 218 PDF p. 81
Settlement Amount received pursuant to Deed of SettlementSingapore dollars thousands – PDF p. 81
Net cash generated from investing activitiesSingapore dollars thousands 23,512 PDF p. 81
Cash flows from financing activities:
Interest expense paidSingapore dollars thousands (652) PDF p. 81
Interest expense paid to a related partySingapore dollars thousands (68) PDF p. 81
Additions to amount due to a related partySingapore dollars thousands 2,410 PDF p. 81
Repayments of amount due to a related partySingapore dollars thousands (1,332) PDF p. 81
Decrease/(increase) in pledged depositsSingapore dollars thousands (7,062) PDF p. 81
Repayments of bank overdraftsSingapore dollars thousands (3,063) PDF p. 81
Drawdown of term loansSingapore dollars thousands 152 PDF p. 81
Repayments of term loansSingapore dollars thousands (6,168) PDF p. 81
Drawdown of trust receiptsSingapore dollars thousands 12,736 PDF p. 81
Repayments of trust receiptsSingapore dollars thousands (21,719) PDF p. 81
Repayments of lease liabilities – principalSingapore dollars thousands (158) PDF p. 81
Repayments of lease liabilities – interestSingapore dollars thousands (132) PDF p. 81
Net cash used in financing activitiesSingapore dollars thousands (25,056) PDF p. 81
Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands 2,482 PDF p. 81
Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands (92) PDF p. 81
Cash and cash equivalents at 1 JanuarySingapore dollars thousands 7,543 PDF p. 81
Cash and cash equivalents at 31 December (Note 34)Singapore dollars thousands 9,933 PDF p. 81
Definitions & sources

Original report: PDF p. 80 ↗ PDF p. 81 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group financial position

55 metrics

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Group financial position from ANNUAL REPORT 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 9,768 PDF p. 73
Right-of-use assetsSingapore dollars thousands 2,147 PDF p. 73
Investment in subsidiariesSingapore dollars thousands – PDF p. 73
Investment in associatesSingapore dollars thousands 7,183 PDF p. 73
Intangible assetsSingapore dollars thousands 272 PDF p. 73
Financial assets at fair value through other comprehensive income (“FVOCI”)Singapore dollars thousands 8,708 PDF p. 73
Other receivablesSingapore dollars thousands – PDF p. 73
Amounts due from subsidiarySingapore dollars thousands – PDF p. 73
Amounts due from associateSingapore dollars thousands – PDF p. 73
Deferred tax assetsSingapore dollars thousands 982 PDF p. 73
SubtotalSingapore dollars thousands 29,060 PDF p. 73
Current assets
InventoriesSingapore dollars thousands 12,948 PDF p. 73
Trade receivablesSingapore dollars thousands 11,772 PDF p. 73
Other receivablesSingapore dollars thousands 779 PDF p. 73
Advance payment to suppliersSingapore dollars thousands 65 PDF p. 73
PrepaymentsSingapore dollars thousands 174 PDF p. 73
DepositsSingapore dollars thousands 34 PDF p. 73
Amounts due from subsidiariesSingapore dollars thousands – PDF p. 73
Amounts due from associatesSingapore dollars thousands 17,937 PDF p. 73
Fixed and bank depositsSingapore dollars thousands 7,000 PDF p. 73
Cash and bank balancesSingapore dollars thousands 8,932 PDF p. 73
SubtotalSingapore dollars thousands 59,641 PDF p. 73
Assets of disposal group and assets classified as held for saleSingapore dollars thousands 4,962 PDF p. 73
SubtotalSingapore dollars thousands 64,603 PDF p. 73
Current liabilities
Trade payablesSingapore dollars thousands 6,429 PDF p. 73
Other payablesSingapore dollars thousands 4,368 PDF p. 73
Contract liabilitiesSingapore dollars thousands 503 PDF p. 73
Amounts due to subsidiariesSingapore dollars thousands – PDF p. 73
Amounts due to related partiesSingapore dollars thousands – PDF p. 73
Amounts due to banksSingapore dollars thousands 6,335 PDF p. 73
Term loansSingapore dollars thousands 1,133 PDF p. 73
Lease liabilitiesSingapore dollars thousands 175 PDF p. 73
Provision for taxationSingapore dollars thousands 20 PDF p. 73
SubtotalSingapore dollars thousands 18,963 PDF p. 73
Liabilities directly associated with disposal group held for saleSingapore dollars thousands 6,913 PDF p. 73
SubtotalSingapore dollars thousands 25,876 PDF p. 73
Net current assetsSingapore dollars thousands 38,727 PDF p. 73
Non-current liabilities
Amounts due to subsidiariesSingapore dollars thousands – PDF p. 74
Term loansSingapore dollars thousands 482 PDF p. 74
Provision for post-employment benefitsSingapore dollars thousands 156 PDF p. 74
Lease liabilitiesSingapore dollars thousands 2,207 PDF p. 74
Deferred tax liabilitiesSingapore dollars thousands 1,300 PDF p. 74
SubtotalSingapore dollars thousands 4,145 PDF p. 74
Net assetsSingapore dollars thousands 63,642 PDF p. 74
Equity
Share capitalSingapore dollars thousands 144,099 PDF p. 74
Treasury sharesSingapore dollars thousands (25) PDF p. 74
Foreign currency translation reserveSingapore dollars thousands (2,058) PDF p. 74
Capital reserveSingapore dollars thousands 5 PDF p. 74
Revaluation reserveSingapore dollars thousands 7,723 PDF p. 74
Reserves of disposal group classified as held for saleSingapore dollars thousands 385 PDF p. 74
Other reservesSingapore dollars thousands (1,615) PDF p. 74
Accumulated lossesSingapore dollars thousands (81,997) PDF p. 74
Equity attributable to owners of the CompanySingapore dollars thousands 66,517 PDF p. 74
Non-controlling interestsSingapore dollars thousands (2,875) PDF p. 74
Total equitySingapore dollars thousands 63,642 PDF p. 74
Definitions & sources

Original report: PDF p. 73 ↗ PDF p. 74 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Company financial position

55 metrics

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Company financial position from ANNUAL REPORT 2025
Metric / unit 2023Company / year ended 31 December 2023 Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 7 PDF p. 73
Right-of-use assetsSingapore dollars thousands – PDF p. 73
Investment in subsidiariesSingapore dollars thousands 57,282 PDF p. 73
Investment in associatesSingapore dollars thousands 3,545 PDF p. 73
Intangible assetsSingapore dollars thousands – PDF p. 73
Financial assets at fair value through other comprehensive income (“FVOCI”)Singapore dollars thousands 8,708 PDF p. 73
Other receivablesSingapore dollars thousands – PDF p. 73
Amounts due from subsidiarySingapore dollars thousands 900 PDF p. 73
Amounts due from associateSingapore dollars thousands – PDF p. 73
Deferred tax assetsSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 70,442 PDF p. 73
Current assets
InventoriesSingapore dollars thousands – PDF p. 73
Trade receivablesSingapore dollars thousands – PDF p. 73
Other receivablesSingapore dollars thousands – PDF p. 73
Advance payment to suppliersSingapore dollars thousands – PDF p. 73
PrepaymentsSingapore dollars thousands 12 PDF p. 73
DepositsSingapore dollars thousands 4 PDF p. 73
Amounts due from subsidiariesSingapore dollars thousands 3,764 PDF p. 73
Amounts due from associatesSingapore dollars thousands 164 PDF p. 73
Fixed and bank depositsSingapore dollars thousands – PDF p. 73
Cash and bank balancesSingapore dollars thousands 1,401 PDF p. 73
SubtotalSingapore dollars thousands 5,345 PDF p. 73
Assets of disposal group and assets classified as held for saleSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 5,345 PDF p. 73
Current liabilities
Trade payablesSingapore dollars thousands – PDF p. 73
Other payablesSingapore dollars thousands 742 PDF p. 73
Contract liabilitiesSingapore dollars thousands – PDF p. 73
Amounts due to subsidiariesSingapore dollars thousands 853 PDF p. 73
Amounts due to related partiesSingapore dollars thousands – PDF p. 73
Amounts due to banksSingapore dollars thousands – PDF p. 73
Term loansSingapore dollars thousands – PDF p. 73
Lease liabilitiesSingapore dollars thousands – PDF p. 73
Provision for taxationSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 1,595 PDF p. 73
Liabilities directly associated with disposal group held for saleSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 1,595 PDF p. 73
Net current assetsSingapore dollars thousands 3,750 PDF p. 73
Non-current liabilities
Amounts due to subsidiariesSingapore dollars thousands 3,550 PDF p. 74
Term loansSingapore dollars thousands – PDF p. 74
Provision for post-employment benefitsSingapore dollars thousands – PDF p. 74
Lease liabilitiesSingapore dollars thousands – PDF p. 74
Deferred tax liabilitiesSingapore dollars thousands 118 PDF p. 74
SubtotalSingapore dollars thousands 3,668 PDF p. 74
Net assetsSingapore dollars thousands 70,524 PDF p. 74
Equity
Share capitalSingapore dollars thousands 144,099 PDF p. 74
Treasury sharesSingapore dollars thousands (25) PDF p. 74
Foreign currency translation reserveSingapore dollars thousands – PDF p. 74
Capital reserveSingapore dollars thousands – PDF p. 74
Revaluation reserveSingapore dollars thousands – PDF p. 74
Reserves of disposal group classified as held for saleSingapore dollars thousands – PDF p. 74
Other reservesSingapore dollars thousands (352) PDF p. 74
Accumulated lossesSingapore dollars thousands (73,198) PDF p. 74
Equity attributable to owners of the CompanySingapore dollars thousands 70,524 PDF p. 74
Non-controlling interestsSingapore dollars thousands – PDF p. 74
Total equitySingapore dollars thousands 70,524 PDF p. 74
Definitions & sources

Original report: PDF p. 73 ↗ PDF p. 74 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group changes in equity / 2023

12 metrics

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Group changes in equity / 2023 from ANNUAL REPORT 2025
Metric / unit 2023Group / year ended 31 December 2023 / Share capital2023Group / year ended 31 December 2023 / Treasury shares2023Group / year ended 31 December 2023 / Foreign currency translation reserve2023Group / year ended 31 December 2023 / Capital reserve2023Group / year ended 31 December 2023 / Revaluation reserve2023Group / year ended 31 December 2023 / Reserves of disposal group classified as held for sale2023Group / year ended 31 December 2023 / Other reserves2023Group / year ended 31 December 2023 / Accumulated losses2023Group / year ended 31 December 2023 / Total attributable to owners of the Company2023Group / year ended 31 December 2023 / Non-controlling interests2023Group / year ended 31 December 2023 / Total equity Source
Group changes in equity
At 1 January 2023Singapore dollars thousands 144,099(25)(1,885)57,36312,290(1,133)(76,298)84,416(19,161)65,255 PDF p. 78
Loss net of taxSingapore dollars thousands –––––––(17,989)(17,989)16,654(1,335) PDF p. 78
to profit or loss:
Foreign currency translationSingapore dollars thousands –––––––––(368)(368) PDF p. 78
Surplus on revaluation of leasehold buildingSingapore dollars thousands ––––360–––360–360 PDF p. 78
Fair value loss of equity investment – financial assets at FVOCISingapore dollars thousands ––––––(195)–(195)–(195) PDF p. 78
Foreign currency translationSingapore dollars thousands ––482–––––482–482 PDF p. 78
Share of other comprehensive loss of associatesSingapore dollars thousands ––(256)–––––(256)–(256) PDF p. 78
Foreign currency translation on loss of control of subsidiarySingapore dollars thousands ––(301)–––––(301)–(301) PDF p. 78
Total comprehensive (loss)/income for the financial yearSingapore dollars thousands ––(75)–360–(195)(17,989)(17,899)16,286(1,613) PDF p. 78
Reserve transferred to accumulated losses on disposal of assets classified as held for saleSingapore dollars thousands –––––(12,290)–12,290––– PDF p. 78
Reserves attributable to disposal group classified as held for saleSingapore dollars thousands ––(98)––385(287)–––– PDF p. 78
At 31 December 2023Singapore dollars thousands 144,099(25)(2,058)57,723385(1,615)(81,997)66,517(2,875)63,642 PDF p. 78
Definitions & sources

Original report: PDF p. 78 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Company changes in equity / 2023

5 metrics

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Company changes in equity / 2023 from ANNUAL REPORT 2025
Metric / unit 2023Company / year ended 31 December 2023 / Share capital2023Company / year ended 31 December 2023 / Treasury shares2023Company / year ended 31 December 2023 / Other reserves2023Company / year ended 31 December 2023 / Accumulated losses2023Company / year ended 31 December 2023 / Total equity Source
subsequently to profit or loss:
At 1 January 2023Singapore dollars thousands 144,099(25)(157)(72,013)71,904 PDF p. 79
Loss net of taxSingapore dollars thousands –––(1,185)(1,185) PDF p. 79
Fair value loss of equity investment – financial assets at FVOCISingapore dollars thousands ––(195)–(195) PDF p. 79
Total comprehensive loss for the financial yearSingapore dollars thousands ––(195)(1,185)(1,380) PDF p. 79
At 31 December 2023Singapore dollars thousands 144,099(25)(352)(73,198)70,524 PDF p. 79
Definitions & sources

Original report: PDF p. 79 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

EPS original owner-profit input / 2024

1 metrics

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EPS original owner-profit input / 2024 from ANNUAL REPORT 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
EPS numerator
Profit/(loss) net of tax attributable to owners of the CompanySingapore dollars thousands (17,989) PDF p. 124
Definitions & sources

Original report: PDF p. 124 ↗

EPS original weighted-share input / 2024

1 metrics

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EPS original weighted-share input / 2024 from ANNUAL REPORT 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
EPS denominator
Weighted average number of ordinary shares on issue (excluding treasury shares) for earnings/(loss) per share computationThousands of shares 140,667 PDF p. 124
Definitions & sources

Original report: PDF p. 124 ↗

Share counts are printed in thousands, not whole shares.

Original cash-flow cash reconciliation / 2024

4 metrics

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Original cash-flow cash reconciliation / 2024 from ANNUAL REPORT 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
Original cash-flow cash reconciliation
Cash and bank balances and fixed and bank depositsSingapore dollars thousands 15,932 PDF p. 124
Cash and bank balances of disposal group classified as held for saleSingapore dollars thousands 1,084 PDF p. 124
Less: Bank balances and deposits pledgedSingapore dollars thousands (7,083) PDF p. 124
Cash and cash equivalentsSingapore dollars thousands 9,933 PDF p. 124
Definitions & sources

Original report: PDF p. 124 ↗

The FY2023 cash-flow cash includes 1,084 thousand held-for-sale disposal-group cash and deducts pledged balances; it is not only balance-sheet cash.

Original defined capital-management gearing / 2024

9 metrics

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Original defined capital-management gearing / 2024 from ANNUAL REPORT 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
Original capital-management gearing
Current liabilitiesSingapore dollars thousands 25,876 PDF p. 140
Non-current liabilitiesSingapore dollars thousands 4,145 PDF p. 140
Total liabilitiesSingapore dollars thousands 30,021 PDF p. 140
Less:
Contract liabilitiesSingapore dollars thousands (503) PDF p. 140
Provision for taxationSingapore dollars thousands (20) PDF p. 140
Deferred taxationSingapore dollars thousands (1,300) PDF p. 140
Total debtSingapore dollars thousands 28,198 PDF p. 140
Equity attributable to the owners of the CompanySingapore dollars thousands 66,517 PDF p. 140
Gearing ratioTimes 0.42 PDF p. 140
Definitions & sources

Original report: PDF p. 140 ↗

FY2022 original basis: amounts due to banks and term loans divided by owner equity less other reserves. FY2023 and later basis: total liabilities excluding contract liabilities, provision for taxation and deferred tax, divided by owner equity; FY2025 additionally excludes PTG disposal advance consideration. FY2022 original 0.31 is distinct from later FY2023 comparative 0.57. Do not treat these definitions as one uniform historical series.

Original issued and treasury share counts / 2024

2 metrics

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Original issued and treasury share counts / 2024 from ANNUAL REPORT 2025
Metric / unit 2023Group and Company / year ended 31 December 2023 Source
Original share count in thousands
Issued and fully paid ordinary sharesThousands of shares 140,767 PDF p. 119
Treasury sharesThousands of shares 100 PDF p. 119
Definitions & sources

Original report: PDF p. 119 ↗

Both issued and treasury share counts are printed in thousands. The year-end eligible count is the difference, not the issued count including treasury.

Group profit or loss

19 metrics

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Group profit or loss from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
Group profit or loss
RevenueSingapore dollars thousands 135,136 PDF p. 77
Cost of salesSingapore dollars thousands (114,499) PDF p. 77
Gross profitSingapore dollars thousands 20,637 PDF p. 77
Other incomeSingapore dollars thousands 4,000 PDF p. 77
Selling and distribution costsSingapore dollars thousands (5,683) PDF p. 77
Administrative and general costsSingapore dollars thousands (9,579) PDF p. 77
Other operating expensesSingapore dollars thousands (3,483) PDF p. 77
Net (impairment loss)/writeback of impairment loss on financial assetsSingapore dollars thousands 3,312 PDF p. 77
Finance costsSingapore dollars thousands (1,608) PDF p. 77
Share of results of associatesSingapore dollars thousands 815 PDF p. 77
Writeback of impairment loss/(impairment loss) on investment in associateSingapore dollars thousands (5,300) PDF p. 77
(Loss)/profit before taxSingapore dollars thousands 3,111 PDF p. 77
Income tax expenseSingapore dollars thousands (773) PDF p. 77
(Loss)/profit net of taxSingapore dollars thousands 2,338 PDF p. 77
Attributable to:
Owners of the CompanySingapore dollars thousands 2,504 PDF p. 77
Non-controlling interestsSingapore dollars thousands (166) PDF p. 77
SubtotalSingapore dollars thousands 2,338 PDF p. 77
(cents per share)
BasicSingapore cents per share 1.78 PDF p. 77
DilutedSingapore cents per share 1.78 PDF p. 77
Definitions & sources

Original report: PDF p. 77 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group comprehensive income

12 metrics

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Group comprehensive income from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
Group comprehensive income
(Loss)/profit net of taxSingapore dollars thousands 2,338 PDF p. 78
Items that will not be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands 719 PDF p. 78
Net surplus on revaluation of leasehold buildingSingapore dollars thousands 660 PDF p. 78
Fair value loss of equity investment – financial assets at FVOCISingapore dollars thousands – PDF p. 78
Items that are or may be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands 731 PDF p. 78
Share of other comprehensive loss of associatesSingapore dollars thousands (229) PDF p. 78
Foreign currency translation on loss of control of subsidiarySingapore dollars thousands 727 PDF p. 78
Other comprehensive (loss)/income for the financial year, net of taxSingapore dollars thousands 2,608 PDF p. 78
Total comprehensive (loss)/income for the financial yearSingapore dollars thousands 4,946 PDF p. 78
Total comprehensive (loss)/income attributable to:
Owners of the CompanySingapore dollars thousands 4,393 PDF p. 78
Non-controlling interestsSingapore dollars thousands 553 PDF p. 78
SubtotalSingapore dollars thousands 4,946 PDF p. 78
Definitions & sources

Original report: PDF p. 78 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group cash flows

60 metrics

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Group cash flows from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
Cash flows from operating activities
(Loss)/profit before taxSingapore dollars thousands 3,111 PDF p. 82
Adjustments for:
(Writeback of allowance)/allowance for slow moving inventoriesSingapore dollars thousands 368 PDF p. 82
Amortisation of intangible assetsSingapore dollars thousands 136 PDF p. 82
Bad debts written offSingapore dollars thousands – PDF p. 82
Depreciation of property, plant and equipmentSingapore dollars thousands 1,643 PDF p. 82
Depreciation of right-of-use assetsSingapore dollars thousands 234 PDF p. 82
Fair value gain on investment properties, netSingapore dollars thousands (2,930) PDF p. 82
Gain on disposal of assets classified as held for saleSingapore dollars thousands – PDF p. 82
Loss on settlement of loan to AzmilSingapore dollars thousands – PDF p. 82
Share of results of associatesSingapore dollars thousands (815) PDF p. 82
(Writeback of impairment loss)/impairment loss on investment in associateSingapore dollars thousands 5,300 PDF p. 82
Impairment loss on trade and other receivables (current)Singapore dollars thousands 788 PDF p. 82
Implicit interest incomeSingapore dollars thousands (4) PDF p. 82
Interest expenseSingapore dollars thousands 1,608 PDF p. 82
Interest incomeSingapore dollars thousands (51) PDF p. 82
Net (gain)/loss on disposal of property, plant and equipmentSingapore dollars thousands – PDF p. 82
(Gain)/loss on disposal of a subsidiarySingapore dollars thousands 727 PDF p. 82
Writeback of impairment loss on trade receivables (current)Singapore dollars thousands (2,100) PDF p. 82
Writeback of impairment loss on other receivables (non-current)Singapore dollars thousands (2,000) PDF p. 82
Foreign currency exchange (gain)/lossSingapore dollars thousands 77 PDF p. 82
Operating cash flows before changes in working capitalSingapore dollars thousands 6,092 PDF p. 82
Decrease/(increase) in:
InventoriesSingapore dollars thousands (3,477) PDF p. 82
Trade and other receivablesSingapore dollars thousands (7,987) PDF p. 82
Advance payment to suppliersSingapore dollars thousands 3,178 PDF p. 82
PrepaymentsSingapore dollars thousands 126 PDF p. 82
DepositsSingapore dollars thousands 11 PDF p. 82
Amounts due from associatesSingapore dollars thousands – PDF p. 82
Increase/(decrease) in:
Trade and other payablesSingapore dollars thousands (3,367) PDF p. 82
Contract liabilitiesSingapore dollars thousands (4,927) PDF p. 82
Amount due to a related partySingapore dollars thousands (17) PDF p. 82
Provision for post-employment benefitsSingapore dollars thousands 7 PDF p. 82
Cash generated from/(used in) operationsSingapore dollars thousands (10,361) PDF p. 82
Bad debts recovered receivedSingapore dollars thousands 369 PDF p. 82
Income taxes paidSingapore dollars thousands (372) PDF p. 82
Interest income receivedSingapore dollars thousands 150 PDF p. 82
Net cash generated from/(used in) operating activitiesSingapore dollars thousands (10,214) PDF p. 82
Cash flows from investing activities:
Interest income receivedSingapore dollars thousands 9 PDF p. 83
Proceeds from disposal of assets classified as held for saleSingapore dollars thousands – PDF p. 83
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands 11 PDF p. 83
Purchase of property, plant and equipmentSingapore dollars thousands (337) PDF p. 83
Repayment of loan from associateSingapore dollars thousands 339 PDF p. 83
Repayment of loan from investee companySingapore dollars thousands 211 PDF p. 83
Net cash generated from investing activitiesSingapore dollars thousands 233 PDF p. 83
Cash flows from financing activities:
Interest expense paidSingapore dollars thousands (1,194) PDF p. 83
Interest expense paid to a related partySingapore dollars thousands (55) PDF p. 83
Additions to amount due to a related partySingapore dollars thousands 307 PDF p. 83
Repayments of amount due to a related partySingapore dollars thousands (634) PDF p. 83
(Increase)/decrease in pledged depositsSingapore dollars thousands 83 PDF p. 83
Repayments of bank overdraftsSingapore dollars thousands (202) PDF p. 83
Drawdown of term loansSingapore dollars thousands – PDF p. 83
Repayments of term loansSingapore dollars thousands (3,263) PDF p. 83
Drawdown of trust receiptsSingapore dollars thousands 92,257 PDF p. 83
Repayments of trust receiptsSingapore dollars thousands (80,736) PDF p. 83
Repayments of lease liabilities – principalSingapore dollars thousands (182) PDF p. 83
Repayments of lease liabilities – interestSingapore dollars thousands (175) PDF p. 83
Net cash (used in)/generated from financing activitiesSingapore dollars thousands 6,206 PDF p. 83
Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands (3,775) PDF p. 83
Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands (69) PDF p. 83
Cash and cash equivalents at 1 JanuarySingapore dollars thousands 11,387 PDF p. 83
Cash and cash equivalents at 31 December (Note 34)Singapore dollars thousands 7,543 PDF p. 83
Definitions & sources

Original report: PDF p. 82 ↗ PDF p. 83 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group financial position

54 metrics

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Group financial position from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 10,929 PDF p. 75
Right-of-use assetsSingapore dollars thousands 2,223 PDF p. 75
Investment in subsidiariesSingapore dollars thousands – PDF p. 75
Investment in associatesSingapore dollars thousands 4,264 PDF p. 75
Intangible assetsSingapore dollars thousands 409 PDF p. 75
Financial assets at fair value through other comprehensive income (“FVOCI”)Singapore dollars thousands 381 PDF p. 75
Other receivablesSingapore dollars thousands 13,108 PDF p. 75
Amounts due from subsidiariesSingapore dollars thousands – PDF p. 75
Deferred tax assetsSingapore dollars thousands 1,836 PDF p. 75
SubtotalSingapore dollars thousands 33,150 PDF p. 75
Current assets
InventoriesSingapore dollars thousands 14,417 PDF p. 75
Trade receivablesSingapore dollars thousands 33,348 PDF p. 75
Other receivablesSingapore dollars thousands 3,738 PDF p. 75
Advance payment to suppliersSingapore dollars thousands 1,716 PDF p. 75
PrepaymentsSingapore dollars thousands 191 PDF p. 75
DepositsSingapore dollars thousands 18 PDF p. 75
Amounts due from subsidiariesSingapore dollars thousands – PDF p. 75
Amounts due from associatesSingapore dollars thousands 2,546 PDF p. 75
Fixed and bank depositsSingapore dollars thousands 22 PDF p. 75
Cash and bank balancesSingapore dollars thousands 7,543 PDF p. 75
SubtotalSingapore dollars thousands 63,539 PDF p. 75
Assets of disposal group and assets classified as held for saleSingapore dollars thousands 21,486 PDF p. 75
SubtotalSingapore dollars thousands 85,025 PDF p. 75
Current liabilities
Trade payablesSingapore dollars thousands 6,462 PDF p. 75
Other payablesSingapore dollars thousands 9,985 PDF p. 75
Contract liabilitiesSingapore dollars thousands 2,765 PDF p. 75
Amounts due to subsidiariesSingapore dollars thousands – PDF p. 75
Amounts due to related partiesSingapore dollars thousands 1,674 PDF p. 75
Amounts due to banksSingapore dollars thousands 18,548 PDF p. 75
Term loansSingapore dollars thousands 6,539 PDF p. 75
Lease liabilitiesSingapore dollars thousands 153 PDF p. 75
Provision for taxationSingapore dollars thousands 423 PDF p. 75
SubtotalSingapore dollars thousands 46,549 PDF p. 75
Liabilities directly associated with disposal group and assets held for saleSingapore dollars thousands 720 PDF p. 75
SubtotalSingapore dollars thousands 47,269 PDF p. 75
Net current assetsSingapore dollars thousands 37,756 PDF p. 75
Non-current liabilities
Amounts due to subsidiariesSingapore dollars thousands – PDF p. 76
Term loansSingapore dollars thousands 1,834 PDF p. 76
Provision for post-employment benefitsSingapore dollars thousands 174 PDF p. 76
Lease liabilitiesSingapore dollars thousands 2,273 PDF p. 76
Deferred tax liabilitiesSingapore dollars thousands 1,370 PDF p. 76
SubtotalSingapore dollars thousands 5,651 PDF p. 76
Net assetsSingapore dollars thousands 65,255 PDF p. 76
Equity
Share capitalSingapore dollars thousands 144,099 PDF p. 76
Treasury sharesSingapore dollars thousands (25) PDF p. 76
Foreign currency translation reserveSingapore dollars thousands (1,885) PDF p. 76
Capital reserveSingapore dollars thousands 5 PDF p. 76
Revaluation reserveSingapore dollars thousands 7,363 PDF p. 76
Reserves of disposal group and assets classified as held for saleSingapore dollars thousands 12,290 PDF p. 76
Other reservesSingapore dollars thousands (1,133) PDF p. 76
Accumulated lossesSingapore dollars thousands (76,298) PDF p. 76
Equity attributable to owners of the CompanySingapore dollars thousands 84,416 PDF p. 76
Non-controlling interestsSingapore dollars thousands (19,161) PDF p. 76
Total equitySingapore dollars thousands 65,255 PDF p. 76
Definitions & sources

Original report: PDF p. 75 ↗ PDF p. 76 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Company financial position

54 metrics

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Company financial position from ANNUAL REPORT 2025
Metric / unit 2022Company / year ended 31 December 2022 Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 6 PDF p. 75
Right-of-use assetsSingapore dollars thousands – PDF p. 75
Investment in subsidiariesSingapore dollars thousands 57,868 PDF p. 75
Investment in associatesSingapore dollars thousands 732 PDF p. 75
Intangible assetsSingapore dollars thousands – PDF p. 75
Financial assets at fair value through other comprehensive income (“FVOCI”)Singapore dollars thousands 381 PDF p. 75
Other receivablesSingapore dollars thousands 13,022 PDF p. 75
Amounts due from subsidiariesSingapore dollars thousands – PDF p. 75
Deferred tax assetsSingapore dollars thousands – PDF p. 75
SubtotalSingapore dollars thousands 72,009 PDF p. 75
Current assets
InventoriesSingapore dollars thousands – PDF p. 75
Trade receivablesSingapore dollars thousands – PDF p. 75
Other receivablesSingapore dollars thousands 545 PDF p. 75
Advance payment to suppliersSingapore dollars thousands – PDF p. 75
PrepaymentsSingapore dollars thousands 25 PDF p. 75
DepositsSingapore dollars thousands 4 PDF p. 75
Amounts due from subsidiariesSingapore dollars thousands 6,762 PDF p. 75
Amounts due from associatesSingapore dollars thousands – PDF p. 75
Fixed and bank depositsSingapore dollars thousands – PDF p. 75
Cash and bank balancesSingapore dollars thousands 870 PDF p. 75
SubtotalSingapore dollars thousands 8,206 PDF p. 75
Assets of disposal group and assets classified as held for saleSingapore dollars thousands – PDF p. 75
SubtotalSingapore dollars thousands 8,206 PDF p. 75
Current liabilities
Trade payablesSingapore dollars thousands – PDF p. 75
Other payablesSingapore dollars thousands 639 PDF p. 75
Contract liabilitiesSingapore dollars thousands – PDF p. 75
Amounts due to subsidiariesSingapore dollars thousands 865 PDF p. 75
Amounts due to related partiesSingapore dollars thousands – PDF p. 75
Amounts due to banksSingapore dollars thousands – PDF p. 75
Term loansSingapore dollars thousands – PDF p. 75
Lease liabilitiesSingapore dollars thousands – PDF p. 75
Provision for taxationSingapore dollars thousands 51 PDF p. 75
SubtotalSingapore dollars thousands 1,555 PDF p. 75
Liabilities directly associated with disposal group and assets held for saleSingapore dollars thousands – PDF p. 75
SubtotalSingapore dollars thousands 1,555 PDF p. 75
Net current assetsSingapore dollars thousands 6,651 PDF p. 75
Non-current liabilities
Amounts due to subsidiariesSingapore dollars thousands 6,641 PDF p. 76
Term loansSingapore dollars thousands – PDF p. 76
Provision for post-employment benefitsSingapore dollars thousands – PDF p. 76
Lease liabilitiesSingapore dollars thousands – PDF p. 76
Deferred tax liabilitiesSingapore dollars thousands 115 PDF p. 76
SubtotalSingapore dollars thousands 6,756 PDF p. 76
Net assetsSingapore dollars thousands 71,904 PDF p. 76
Equity
Share capitalSingapore dollars thousands 144,099 PDF p. 76
Treasury sharesSingapore dollars thousands (25) PDF p. 76
Foreign currency translation reserveSingapore dollars thousands – PDF p. 76
Capital reserveSingapore dollars thousands – PDF p. 76
Revaluation reserveSingapore dollars thousands – PDF p. 76
Reserves of disposal group and assets classified as held for saleSingapore dollars thousands – PDF p. 76
Other reservesSingapore dollars thousands (157) PDF p. 76
Accumulated lossesSingapore dollars thousands (72,013) PDF p. 76
Equity attributable to owners of the CompanySingapore dollars thousands 71,904 PDF p. 76
Non-controlling interestsSingapore dollars thousands – PDF p. 76
Total equitySingapore dollars thousands 71,904 PDF p. 76
Definitions & sources

Original report: PDF p. 75 ↗ PDF p. 76 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group changes in equity / 2022

11 metrics

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Group changes in equity / 2022 from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 2022 / Share capital2022Group / year ended 31 December 2022 / Treasury shares2022Group / year ended 31 December 2022 / Foreign currency translation reserve2022Group / year ended 31 December 2022 / Capital reserve2022Group / year ended 31 December 2022 / Revaluation reserve2022Group / year ended 31 December 2022 / Reserves of disposal group classified as held for sale2022Group / year ended 31 December 2022 / Other reserves2022Group / year ended 31 December 2022 / Accumulated losses2022Group / year ended 31 December 2022 / Total attributable to owners of the Company2022Group / year ended 31 December 2022 / Non-controlling interests2022Group / year ended 31 December 2022 / Total equity Source
Group changes in equity
At 1 January 2022Singapore dollars thousands 144,099(25)(3,114)518,993–(1,133)(78,802)80,023(19,230)60,793 PDF p. 80
Profit net of taxSingapore dollars thousands –––––––2,5042,504(166)2,338 PDF p. 80
subsequently to profit or loss:
Foreign currency translationSingapore dollars thousands –––––––––719719 PDF p. 80
Net surplus on revaluation of leasehold buildingsSingapore dollars thousands ––––660–––660–660 PDF p. 80
Foreign currency translationSingapore dollars thousands ––731–––––731–731 PDF p. 80
Share of other comprehensive loss of associatesSingapore dollars thousands ––(229)–––––(229)–(229) PDF p. 80
Foreign currency translation on loss of control of subsidiarySingapore dollars thousands ––727–––––727–727 PDF p. 80
Total comprehensive income for the financial yearSingapore dollars thousands ––1,229–660––2,5044,3935534,946 PDF p. 80
Revaluation reserve attributable to assets classified as held for saleSingapore dollars thousands ––––(12,290)12,290––––– PDF p. 80
Disposal of a subsidiary companySingapore dollars thousands –––––––––(484)(484) PDF p. 80
At 31 December 2022Singapore dollars thousands 144,099(25)(1,885)57,36312,290(1,133)(76,298)84,416(19,161)65,255 PDF p. 80
Definitions & sources

Original report: PDF p. 80 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Company changes in equity / 2022

3 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2022 from ANNUAL REPORT 2025
Metric / unit 2022Company / year ended 31 December 2022 / Share capital2022Company / year ended 31 December 2022 / Treasury shares2022Company / year ended 31 December 2022 / Other reserves2022Company / year ended 31 December 2022 / Accumulated losses2022Company / year ended 31 December 2022 / Total equity Source
subsequently to profit or loss:
At 1 January 2022Singapore dollars thousands 144,099(25)(157)(66,366)77,551 PDF p. 81
Loss net of tax and total comprehensive loss for the financial yearSingapore dollars thousands –––(5,647)(5,647) PDF p. 81
At 31 December 2022Singapore dollars thousands 144,099(25)(157)(72,013)71,904 PDF p. 81
Definitions & sources

Original report: PDF p. 81 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

EPS original owner-profit input / 2023

1 metrics

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EPS original owner-profit input / 2023 from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
EPS numerator
(Loss)/profit net of tax attributable to owners of the CompanySingapore dollars thousands 2,504 PDF p. 129
Definitions & sources

Original report: PDF p. 129 ↗

EPS original weighted-share input / 2023

1 metrics

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EPS original weighted-share input / 2023 from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
EPS denominator
Weighted average number of ordinary shares on issue (excluding treasury shares) for (loss)/earnings per share computationThousands of shares 140,667 PDF p. 129
Definitions & sources

Original report: PDF p. 129 ↗

Share counts are printed in thousands, not whole shares.

Original cash-flow cash reconciliation / 2023

4 metrics

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Original cash-flow cash reconciliation / 2023 from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
Original cash-flow cash reconciliation
Cash and bank balances and fixed and bank depositsSingapore dollars thousands 7,565 PDF p. 129
Cash and bank balances of disposal group classified as held for saleSingapore dollars thousands – PDF p. 129
Less: Bank balances and deposits pledgedSingapore dollars thousands (22) PDF p. 129
Cash and cash equivalentsSingapore dollars thousands 7,543 PDF p. 129
Definitions & sources

Original report: PDF p. 129 ↗

The FY2023 cash-flow cash includes 1,084 thousand held-for-sale disposal-group cash and deducts pledged balances; it is not only balance-sheet cash.

Original defined capital-management gearing / 2023

9 metrics

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Original defined capital-management gearing / 2023 from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
Original capital-management gearing
Current liabilitiesSingapore dollars thousands 47,269 PDF p. 147
Non-current liabilitiesSingapore dollars thousands 5,651 PDF p. 147
Total liabilitiesSingapore dollars thousands 52,920 PDF p. 147
Less:
Contract liabilitiesSingapore dollars thousands (2,765) PDF p. 147
Provision for taxationSingapore dollars thousands (423) PDF p. 147
Deferred taxationSingapore dollars thousands (1,370) PDF p. 147
Total debtSingapore dollars thousands 48,362 PDF p. 147
Equity attributable to the owners of the CompanySingapore dollars thousands 84,416 PDF p. 147
Gearing ratioTimes 0.57 PDF p. 147
Definitions & sources

Original report: PDF p. 147 ↗

FY2022 original basis: amounts due to banks and term loans divided by owner equity less other reserves. FY2023 and later basis: total liabilities excluding contract liabilities, provision for taxation and deferred tax, divided by owner equity; FY2025 additionally excludes PTG disposal advance consideration. FY2022 original 0.31 is distinct from later FY2023 comparative 0.57. Do not treat these definitions as one uniform historical series.

Original issued and treasury share counts / 2023

2 metrics

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Original issued and treasury share counts / 2023 from ANNUAL REPORT 2025
Metric / unit 2022Group and Company / year ended 31 December 2022 Source
Original share count in thousands
Issued and fully paid ordinary sharesThousands of shares 140,767 PDF p. 123
Treasury sharesThousands of shares 100 PDF p. 123
Definitions & sources

Original report: PDF p. 123 ↗

Both issued and treasury share counts are printed in thousands. The year-end eligible count is the difference, not the issued count including treasury.

Group profit or loss

19 metrics

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Group profit or loss from ANNUAL REPORT 2025
Metric / unit 2021Group / year ended 31 December 2021 Source
Group profit or loss
RevenueSingapore dollars thousands 59,816 PDF p. 75
Cost of salesSingapore dollars thousands (47,779) PDF p. 75
Gross profitSingapore dollars thousands 12,037 PDF p. 75
Other incomeSingapore dollars thousands 3,983 PDF p. 75
Selling and distribution costsSingapore dollars thousands (5,203) PDF p. 75
Administrative and general costsSingapore dollars thousands (8,676) PDF p. 75
Other operating expensesSingapore dollars thousands (1,138) PDF p. 75
Net writeback of impairment loss/(impairment loss) on financial assetsSingapore dollars thousands (127) PDF p. 75
Finance costsSingapore dollars thousands (1,088) PDF p. 75
Share of results of associatesSingapore dollars thousands 1,038 PDF p. 75
Impairment loss on investment in associateSingapore dollars thousands – PDF p. 75
Profit before taxSingapore dollars thousands 826 PDF p. 75
Income tax expenseSingapore dollars thousands (193) PDF p. 75
Profit net of taxSingapore dollars thousands 633 PDF p. 75
Attributable to:
Owners of the CompanySingapore dollars thousands 334 PDF p. 75
Non-controlling interestsSingapore dollars thousands 299 PDF p. 75
SubtotalSingapore dollars thousands 633 PDF p. 75
(cents per share)
BasicSingapore cents per share 0.24 PDF p. 75
DilutedSingapore cents per share 0.24 PDF p. 75
Definitions & sources

Original report: PDF p. 75 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group comprehensive income

11 metrics

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Group comprehensive income from ANNUAL REPORT 2025
Metric / unit 2021Group / year ended 31 December 2021 Source
Group comprehensive income
Profit net of taxSingapore dollars thousands 633 PDF p. 76
Items that will not be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands 753 PDF p. 76
Net surplus on revaluation of leasehold buildingsSingapore dollars thousands 584 PDF p. 76
Items that are or may be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands 1,228 PDF p. 76
Share of other comprehensive (loss)/income of associatesSingapore dollars thousands 15 PDF p. 76
Foreign currency translation on loss of control of subsidiarySingapore dollars thousands – PDF p. 76
Other comprehensive income for the financial year, net of taxSingapore dollars thousands 2,580 PDF p. 76
Total comprehensive income for the financial yearSingapore dollars thousands 3,213 PDF p. 76
Total comprehensive income attributable to:
Owners of the CompanySingapore dollars thousands 2,161 PDF p. 76
Non-controlling interestsSingapore dollars thousands 1,052 PDF p. 76
SubtotalSingapore dollars thousands 3,213 PDF p. 76
Definitions & sources

Original report: PDF p. 76 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group cash flows

60 metrics

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Group cash flows from ANNUAL REPORT 2025
Metric / unit 2021Group / year ended 31 December 2021 Source
Cash flows from operating activities
Profit before taxSingapore dollars thousands 826 PDF p. 80
Adjustments for:
Allowance for slow moving inventoriesSingapore dollars thousands 1,101 PDF p. 80
Amortisation of intangible assetsSingapore dollars thousands 136 PDF p. 80
Amount due from a related party written offSingapore dollars thousands 1 PDF p. 80
Bad debts recoveredSingapore dollars thousands (1,365) PDF p. 80
Depreciation of property, plant and equipmentSingapore dollars thousands 1,912 PDF p. 80
Depreciation of right-of-use assetsSingapore dollars thousands 262 PDF p. 80
Fair value gain on investment properties, netSingapore dollars thousands (2,300) PDF p. 80
Share of results of associatesSingapore dollars thousands (1,038) PDF p. 80
Impairment loss on investment in associateSingapore dollars thousands – PDF p. 80
Impairment loss on trade and other receivables (current)Singapore dollars thousands 301 PDF p. 80
Implicit interest incomeSingapore dollars thousands (4) PDF p. 80
Interest expenseSingapore dollars thousands 1,088 PDF p. 80
Interest incomeSingapore dollars thousands (132) PDF p. 80
Loss on disposal of property, plant and equipment, netSingapore dollars thousands 2 PDF p. 80
Loss on disposal of a subsidiarySingapore dollars thousands – PDF p. 80
Writeback of impairment loss on trade receivables (current)Singapore dollars thousands (174) PDF p. 80
Writeback of impairment loss on other receivables (non-current)Singapore dollars thousands – PDF p. 80
Foreign currency exchange loss/(gain)Singapore dollars thousands (105) PDF p. 80
Operating cash flows before changes in working capitalSingapore dollars thousands 511 PDF p. 80
Decrease/(increase) in:
InventoriesSingapore dollars thousands 4,098 PDF p. 80
Trade and other receivablesSingapore dollars thousands 5,109 PDF p. 80
Advance payment to suppliersSingapore dollars thousands (4,225) PDF p. 80
PrepaymentsSingapore dollars thousands (178) PDF p. 80
DepositsSingapore dollars thousands 10 PDF p. 80
Amounts due from associatesSingapore dollars thousands 1 PDF p. 80
Amounts due from related partiesSingapore dollars thousands (27) PDF p. 80
Increase/(decrease) in:
Trade and other payablesSingapore dollars thousands 7,080 PDF p. 80
Contract liabilitiesSingapore dollars thousands 5,758 PDF p. 80
Amounts due to associatesSingapore dollars thousands (10) PDF p. 80
Amount due to a related partySingapore dollars thousands 396 PDF p. 80
Provision for post-employment benefitsSingapore dollars thousands (39) PDF p. 80
Cash (used in)/generated from operationsSingapore dollars thousands 18,484 PDF p. 80
Bad debts recovered receivedSingapore dollars thousands 995 PDF p. 80
Income taxes paidSingapore dollars thousands (114) PDF p. 80
Interest income receivedSingapore dollars thousands 197 PDF p. 80
Net cash (used in)/generated from operating activitiesSingapore dollars thousands 19,562 PDF p. 80
Cash flows from investing activities:
Interest income receivedSingapore dollars thousands 6 PDF p. 81
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands 31 PDF p. 81
Purchase of property, plant and equipmentSingapore dollars thousands (181) PDF p. 81
Repayment of loan from associateSingapore dollars thousands – PDF p. 81
Repayment of loan from investee companySingapore dollars thousands 139 PDF p. 81
Net cash generated from/(used in) investing activitiesSingapore dollars thousands (5) PDF p. 81
Cash flows from financing activities:
Interest expense paidSingapore dollars thousands (938) PDF p. 81
Interest expense paid (amount due to a related party)Singapore dollars thousands – PDF p. 81
Additions to amount due to a related partySingapore dollars thousands – PDF p. 81
Repayments of amount due to a related partySingapore dollars thousands – PDF p. 81
Decrease in pledged depositsSingapore dollars thousands 1,344 PDF p. 81
(Repayments of)/proceeds from bank overdraftsSingapore dollars thousands 574 PDF p. 81
Drawdown of term loansSingapore dollars thousands 1,031 PDF p. 81
Repayments of term loansSingapore dollars thousands (4,617) PDF p. 81
Drawdown of trust receiptsSingapore dollars thousands 20,107 PDF p. 81
Repayments of trust receiptsSingapore dollars thousands (32,271) PDF p. 81
Repayments of lease liabilities – principalSingapore dollars thousands (198) PDF p. 81
Repayments of lease liabilities – interestSingapore dollars thousands (184) PDF p. 81
Net cash generated from/(used in) financing activitiesSingapore dollars thousands (15,152) PDF p. 81
Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands 4,405 PDF p. 81
Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands 138 PDF p. 81
Cash and cash equivalents at 1 JanuarySingapore dollars thousands 6,844 PDF p. 81
Cash and cash equivalents at 31 December (Note 37)Singapore dollars thousands 11,387 PDF p. 81
Definitions & sources

Original report: PDF p. 80 ↗ PDF p. 81 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group financial position

56 metrics

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Group financial position from ANNUAL REPORT 2025
Metric / unit 2021Group / year ended 31 December 2021 Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 11,405 PDF p. 73
Right-of-use assetsSingapore dollars thousands 3,095 PDF p. 73
Investment propertiesSingapore dollars thousands 17,900 PDF p. 73
Investment in subsidiariesSingapore dollars thousands – PDF p. 73
Investment in associatesSingapore dollars thousands 8,978 PDF p. 73
Intangible assetsSingapore dollars thousands 545 PDF p. 73
Financial assets at fair value through other comprehensive incomeSingapore dollars thousands 381 PDF p. 73
Other receivablesSingapore dollars thousands 11,112 PDF p. 73
Deferred tax assetsSingapore dollars thousands 2,328 PDF p. 73
SubtotalSingapore dollars thousands 55,744 PDF p. 73
Current assets
InventoriesSingapore dollars thousands 11,519 PDF p. 73
Trade receivablesSingapore dollars thousands 36,571 PDF p. 73
Other receivablesSingapore dollars thousands 2,131 PDF p. 73
Advance payment to suppliersSingapore dollars thousands 4,964 PDF p. 73
PrepaymentsSingapore dollars thousands 517 PDF p. 73
DepositsSingapore dollars thousands 30 PDF p. 73
Financial receivableSingapore dollars thousands – PDF p. 73
Amounts due from subsidiariesSingapore dollars thousands – PDF p. 73
Amounts due from associatesSingapore dollars thousands 2,898 PDF p. 73
Amounts due from related partiesSingapore dollars thousands 200 PDF p. 73
Fixed and bank depositsSingapore dollars thousands 103 PDF p. 73
Cash and bank balancesSingapore dollars thousands 11,387 PDF p. 73
SubtotalSingapore dollars thousands 70,320 PDF p. 73
Assets classified as held for saleSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 70,320 PDF p. 73
Current liabilities
Trade payablesSingapore dollars thousands 15,934 PDF p. 73
Other payablesSingapore dollars thousands 4,238 PDF p. 73
Contract liabilitiesSingapore dollars thousands 18,917 PDF p. 73
Amounts due to subsidiariesSingapore dollars thousands – PDF p. 73
Amounts due to related partiesSingapore dollars thousands 2,184 PDF p. 73
Amounts due to banksSingapore dollars thousands 7,225 PDF p. 73
Term loansSingapore dollars thousands 7,418 PDF p. 73
Lease liabilitiesSingapore dollars thousands 205 PDF p. 73
Provision for taxationSingapore dollars thousands 391 PDF p. 73
SubtotalSingapore dollars thousands 56,512 PDF p. 73
Liabilities directly associated with the assets held for saleSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 56,512 PDF p. 73
Net current assetsSingapore dollars thousands 13,808 PDF p. 73
Non-current liabilities
Amounts due to subsidiariesSingapore dollars thousands – PDF p. 74
Term loansSingapore dollars thousands 4,327 PDF p. 74
Provision for post employment benefitsSingapore dollars thousands 167 PDF p. 74
Lease liabilitiesSingapore dollars thousands 3,108 PDF p. 74
Deferred tax liabilitiesSingapore dollars thousands 1,157 PDF p. 74
SubtotalSingapore dollars thousands 8,759 PDF p. 74
Net assetsSingapore dollars thousands 60,793 PDF p. 74
Equity
Share capitalSingapore dollars thousands 144,099 PDF p. 74
Treasury sharesSingapore dollars thousands (25) PDF p. 74
Foreign currency translation reserveSingapore dollars thousands (3,114) PDF p. 74
Capital reserveSingapore dollars thousands 5 PDF p. 74
Revaluation reserveSingapore dollars thousands 18,993 PDF p. 74
Revaluation reserve of assets classified as held for saleSingapore dollars thousands – PDF p. 74
Other reservesSingapore dollars thousands (1,133) PDF p. 74
Accumulated lossesSingapore dollars thousands (78,802) PDF p. 74
Equity attributable to owners of the CompanySingapore dollars thousands 80,023 PDF p. 74
Non-controlling interestsSingapore dollars thousands (19,230) PDF p. 74
Total equitySingapore dollars thousands 60,793 PDF p. 74
Definitions & sources

Original report: PDF p. 73 ↗ PDF p. 74 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Company financial position

56 metrics

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Company financial position from ANNUAL REPORT 2025
Metric / unit 2021Company / year ended 31 December 2021 Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands 9 PDF p. 73
Right-of-use assetsSingapore dollars thousands – PDF p. 73
Investment propertiesSingapore dollars thousands – PDF p. 73
Investment in subsidiariesSingapore dollars thousands 70,949 PDF p. 73
Investment in associatesSingapore dollars thousands 732 PDF p. 73
Intangible assetsSingapore dollars thousands – PDF p. 73
Financial assets at fair value through other comprehensive incomeSingapore dollars thousands 381 PDF p. 73
Other receivablesSingapore dollars thousands 11,022 PDF p. 73
Deferred tax assetsSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 83,093 PDF p. 73
Current assets
InventoriesSingapore dollars thousands – PDF p. 73
Trade receivablesSingapore dollars thousands – PDF p. 73
Other receivablesSingapore dollars thousands 234 PDF p. 73
Advance payment to suppliersSingapore dollars thousands – PDF p. 73
PrepaymentsSingapore dollars thousands 16 PDF p. 73
DepositsSingapore dollars thousands 4 PDF p. 73
Financial receivableSingapore dollars thousands – PDF p. 73
Amounts due from subsidiariesSingapore dollars thousands 3,478 PDF p. 73
Amounts due from associatesSingapore dollars thousands – PDF p. 73
Amounts due from related partiesSingapore dollars thousands – PDF p. 73
Fixed and bank depositsSingapore dollars thousands – PDF p. 73
Cash and bank balancesSingapore dollars thousands 621 PDF p. 73
SubtotalSingapore dollars thousands 4,353 PDF p. 73
Assets classified as held for saleSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 4,353 PDF p. 73
Current liabilities
Trade payablesSingapore dollars thousands – PDF p. 73
Other payablesSingapore dollars thousands 523 PDF p. 73
Contract liabilitiesSingapore dollars thousands – PDF p. 73
Amounts due to subsidiariesSingapore dollars thousands 871 PDF p. 73
Amounts due to related partiesSingapore dollars thousands – PDF p. 73
Amounts due to banksSingapore dollars thousands – PDF p. 73
Term loansSingapore dollars thousands – PDF p. 73
Lease liabilitiesSingapore dollars thousands – PDF p. 73
Provision for taxationSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 1,394 PDF p. 73
Liabilities directly associated with the assets held for saleSingapore dollars thousands – PDF p. 73
SubtotalSingapore dollars thousands 1,394 PDF p. 73
Net current assetsSingapore dollars thousands 2,959 PDF p. 73
Non-current liabilities
Amounts due to subsidiariesSingapore dollars thousands 8,402 PDF p. 74
Term loansSingapore dollars thousands – PDF p. 74
Provision for post employment benefitsSingapore dollars thousands – PDF p. 74
Lease liabilitiesSingapore dollars thousands – PDF p. 74
Deferred tax liabilitiesSingapore dollars thousands 99 PDF p. 74
SubtotalSingapore dollars thousands 8,501 PDF p. 74
Net assetsSingapore dollars thousands 77,551 PDF p. 74
Equity
Share capitalSingapore dollars thousands 144,099 PDF p. 74
Treasury sharesSingapore dollars thousands (25) PDF p. 74
Foreign currency translation reserveSingapore dollars thousands – PDF p. 74
Capital reserveSingapore dollars thousands – PDF p. 74
Revaluation reserveSingapore dollars thousands – PDF p. 74
Revaluation reserve of assets classified as held for saleSingapore dollars thousands – PDF p. 74
Other reservesSingapore dollars thousands (157) PDF p. 74
Accumulated lossesSingapore dollars thousands (66,366) PDF p. 74
Equity attributable to owners of the CompanySingapore dollars thousands 77,551 PDF p. 74
Non-controlling interestsSingapore dollars thousands – PDF p. 74
Total equitySingapore dollars thousands 77,551 PDF p. 74
Definitions & sources

Original report: PDF p. 73 ↗ PDF p. 74 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Group changes in equity / 2021

9 metrics

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Group changes in equity / 2021 from ANNUAL REPORT 2025
Metric / unit 2021Group / year ended 31 December 2021 / Share capital2021Group / year ended 31 December 2021 / Treasury shares2021Group / year ended 31 December 2021 / Foreign currency translation reserve2021Group / year ended 31 December 2021 / Capital reserve2021Group / year ended 31 December 2021 / Revaluation reserve2021Group / year ended 31 December 2021 / Other reserves2021Group / year ended 31 December 2021 / Accumulated losses2021Group / year ended 31 December 2021 / Total attributable to owners of the Company2021Group / year ended 31 December 2021 / Non-controlling interests2021Group / year ended 31 December 2021 / Total equity Source
Group changes in equity
At 1 January 2021Singapore dollars thousands 144,099(25)(4,357)518,409(1,133)(79,136)77,862(15,707)62,155 PDF p. 78
Profit net of taxSingapore dollars thousands ––––––334334299633 PDF p. 78
subsequently to profit or loss:
Foreign currency translationSingapore dollars thousands ––––––––753753 PDF p. 78
Net surplus on revaluation of leasehold buildingsSingapore dollars thousands ––––584––584–584 PDF p. 78
to profit or loss:
Foreign currency translationSingapore dollars thousands ––1,228––––1,228–1,228 PDF p. 78
Share of other comprehensive income of associatesSingapore dollars thousands ––15––––15–15 PDF p. 78
Total comprehensive income for the financial yearSingapore dollars thousands ––1,243–584–3342,1611,0523,213 PDF p. 78
Share capital reduction by non-controlling interest in a subsidiary companySingapore dollars thousands ––––––––(4,575)(4,575) PDF p. 78
At 31 December 2021Singapore dollars thousands 144,099(25)(3,114)518,993(1,133)(78,802)80,023(19,230)60,793 PDF p. 78
Definitions & sources

Original report: PDF p. 78 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

Company changes in equity / 2021

3 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2021 from ANNUAL REPORT 2025
Metric / unit 2021Company / year ended 31 December 2021 / Share capital2021Company / year ended 31 December 2021 / Treasury shares2021Company / year ended 31 December 2021 / Other reserves2021Company / year ended 31 December 2021 / Accumulated losses2021Company / year ended 31 December 2021 / Total equity Source
Company changes in equity
At 1 January 2021Singapore dollars thousands 144,099(25)(157)(67,176)76,741 PDF p. 79
Profit net of tax and total comprehensive income for the financial yearSingapore dollars thousands –––810810 PDF p. 79
At 31 December 2021Singapore dollars thousands 144,099(25)(157)(66,366)77,551 PDF p. 79
Definitions & sources

Original report: PDF p. 79 ↗

Primary periods end on 31 December. Monetary amounts are Singapore dollars thousands and EPS is Singapore cents per share. Group and Company scopes remain separate.

Four official annual reports provide FY2021–FY2025 primary comparisons. Group income, comprehensive income and cash flows, both Group and Company financial position and equity movements are printed. No separate Company income, comprehensive-income or cash-flow statement is printed.

Equity column components retain their original year-specific layout. The disposal-group reserve column is present in the FY2022 and later Group schedules and only in the FY2025 Company schedule. It is not invented for earlier layouts.

Year-end disposal-group assets, liabilities and reserves, subsidiary/associate disposals and cash-flow noncash adjustments need detailed-note qualification before publication.

EPS original owner-profit input / 2022

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EPS original owner-profit input / 2022 from ANNUAL REPORT 2025
Metric / unit 2021Group / year ended 31 December 2021 Source
EPS numerator
Profit net of tax attributable to owners of the CompanySingapore dollars thousands 334 PDF p. 131
Definitions & sources

Original report: PDF p. 131 ↗

EPS original weighted-share input / 2022

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EPS original weighted-share input / 2022 from ANNUAL REPORT 2025
Metric / unit 2021Group / year ended 31 December 2021 Source
EPS denominator
Weighted average number of ordinary shares on issue (excluding treasury shares) for earnings per share computationThousands of shares 140,667 PDF p. 131
Definitions & sources

Original report: PDF p. 131 ↗

Share counts are printed in thousands, not whole shares.

Original cash-flow cash reconciliation / 2022

3 metrics

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Original cash-flow cash reconciliation / 2022 from ANNUAL REPORT 2025
Metric / unit 2021Group / year ended 31 December 2021 Source
Original cash-flow cash reconciliation
Cash and bank balances and fixed and bank depositsSingapore dollars thousands 11,490 PDF p. 131
Less: Bank deposits pledgedSingapore dollars thousands (103) PDF p. 131
Cash and cash equivalentsSingapore dollars thousands 11,387 PDF p. 131
Definitions & sources

Original report: PDF p. 131 ↗

The FY2023 cash-flow cash includes 1,084 thousand held-for-sale disposal-group cash and deducts pledged balances; it is not only balance-sheet cash.

Original defined capital-management gearing / 2022

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Original defined capital-management gearing / 2022 from ANNUAL REPORT 2025
Metric / unit 2022Group / year ended 31 December 20222021Group / year ended 31 December 2021 Source
Original capital-management gearing
Amounts due to banks (Note 25)Singapore dollars thousands 18,5487,225 PDF p. 148
Term loans (Note 26)Singapore dollars thousands 8,37311,745 PDF p. 148
SubtotalSingapore dollars thousands 26,92118,970 PDF p. 148
Equity attributable to the owners of the CompanySingapore dollars thousands 84,41680,023 PDF p. 148
Less: Other reserves (Note 31)Singapore dollars thousands 1,1331,133 PDF p. 148
Total equitySingapore dollars thousands 85,54981,156 PDF p. 148
Gearing ratioTimes 0.310.23 PDF p. 148
Definitions & sources

Original report: PDF p. 148 ↗

FY2022 original basis: amounts due to banks and term loans divided by owner equity less other reserves. FY2023 and later basis: total liabilities excluding contract liabilities, provision for taxation and deferred tax, divided by owner equity; FY2025 additionally excludes PTG disposal advance consideration. FY2022 original 0.31 is distinct from later FY2023 comparative 0.57. Do not treat these definitions as one uniform historical series.

Original issued and treasury share counts / 2022

2 metrics

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Original issued and treasury share counts / 2022 from ANNUAL REPORT 2025
Metric / unit 2021Group and Company / year ended 31 December 2021 Source
Original share count in thousands
Issued and fully paid ordinary sharesThousands of shares 140,767 PDF p. 126
Treasury sharesThousands of shares 100 PDF p. 126
Definitions & sources

Original report: PDF p. 126 ↗

Both issued and treasury share counts are printed in thousands. The year-end eligible count is the difference, not the issued count including treasury.

Where the money comes from

Segment information

By business

Business segments (Note 41) - segment lines by segment 12 lines
Business segments (Note 41) - segment lines by segment
Item / unit 2025Trading segment2024Trading segment2025Manufacturing/Design/Research and Development segment2024Manufacturing/Design/Research and Development segment2025Marine Logistics segment2024Marine Logistics segment2025Corporate/Others segment2024Corporate/Others segment2025Eliminations2024Eliminations2025Group2024Group Source
Revenue
External customers$'000 109,15841,6631,3342,32017,842––277––128,33444,260 PDF p. 146
Intersegment sales$'000 36742462733––3,2402,970(4,069)(3,745)–– PDF p. 146
Total revenue$'000 109,52541,7051,7963,05317,842–3,2403,247(4,069)(3,745)128,33444,260 PDF p. 146
Result
Result:$'000 4,4391,045(447)2472692,4063,0493,003314(198)7,6246,503 PDF p. 146
Depreciation and amortisation$'000 (967)(906)(117)(111)––(3)(3)––(1,087)(1,020) PDF p. 146
Other non-cash income/(expenses)$'000 (63)(1,259)62(91)(2,575)626––2,575(626)(1)(1,350) PDF p. 146
Net impairment loss on financial assets$'000 (2)(1,041)––––––––(2)(1,041) PDF p. 146
Finance costs$'000 (676)(536)(17)(35)–––(1)––(693)(572) PDF p. 146
Assets
Assets:$'000 101,02171,1181,5601,9981,49216483,96768,025(60,544)(61,436)127,49679,869 PDF p. 146
Liabilities
Liabilities:$'000 (57,084)(29,701)(6,098)(5,965)(83,031)(83,755)(26,060)(17,638)112,296116,521(59,977)(20,538) PDF p. 146
Other segment information: Additions to non-current assets
– Property, plant and equipment$'000 103147938––8–––120185 PDF p. 146
– Right-of-use assets$'000 47201–351––––––47552 PDF p. 146
Notes

Notes printed: (1) Investment in associates relating to PT Eastern Jason is allocated into the Marine Logistics segment based to the nature of its operations as described in Note 7 and based on the segment of its holding company. (2) Included in the amount is “Investment in associate – PTG” of $4,864,000 which is classified under “Assets of disposal group classified as held for sale” (Note 17). (3) Unallocated assets and liabilities consist of deferred tax assets, deferred tax liabilities (Note 12) and provision for tax.

A Inter-segment revenue are eliminated on consolidation. B The following items are deducted from segment profit to arrive at the segment results (2025/2024, $'000): Interest income from inter-segments 2/7; Interest expense from inter-segments (2)/(7); (Loss)/profit from inter-segments operation (1,574)/3,744; Exchange differences on quasi-equity loans 6,420/(2,258); Dividend from subsidiaries and associates (4,532)/(1,684); total 314/(198).

C Other non-cash income/(expense) consist of writeback of allowance/(allowance) for slow moving inventories, inventories written off and bad debts recovered. D Net impairment loss on financial assets consist of impairment loss on trade receivables and writeback of impairment loss on trade receivables. E The elimination refers to inter-segment assets. F The elimination refers to inter-segment liabilities.

The Result row is printed with the label 'Result:' and values are segment results.

Business segments (Note 41) - Group-only reconciling lines 10 lines
Business segments (Note 41) - Group-only reconciling lines
Item / unit 2025Group2024Group Source
Reconciliation
Interest income$'000 223261 PDF p. 146
Share of results of associates$'000 2882,848 PDF p. 146
Impairment loss on asset classified as held for sale$'000 (1,837)– PDF p. 146
Profit before tax$'000 4,5155,629 PDF p. 146
Income tax expense$'000 (741)(1,656) PDF p. 146
Profit net of tax$'000 3,7743,973 PDF p. 146
Assets
Unallocated assets(3)$'000 1034 PDF p. 146
Total assets$'000 134,59489,330 PDF p. 146
Liabilities
Unallocated liabilities(3)$'000 (2,084)(1,876) PDF p. 146
Total liabilities$'000 (62,061)(22,414) PDF p. 146
Notes

(3) Unallocated assets and liabilities consist of deferred tax assets, deferred tax liabilities (Note 12) and provision for tax.

The impairment loss label is split across two printed lines ('Impairment loss on asset classified as' / 'held for sale'); the quote is the second line with values.

By geography

Geographical segments (Note 41) - revenue by customer location and non-current assets by asset location 9 lines
Geographical segments (Note 41) - revenue by customer location and non-current assets by asset location
Item / unit 2025Revenue (Group)2024Revenue (Group)2025Non-current assets (Group)2024Non-current assets (Group) Source
Geographical segments
Indonesia$'000 2,0463,529697,392 PDF p. 147
Japan$'000 ––2,2242,190 PDF p. 147
People’s Republic of China$'000 8931,061–– PDF p. 147
Singapore$'000 13,7328,46611,30611,617 PDF p. 147
Thailand$'000 27,10821,431–– PDF p. 147
United Kingdom$'000 55185438540 PDF p. 147
Vietnam$'000 78,8524,815–– PDF p. 147
Others$'000 5,6484,773–– PDF p. 147
Total$'000 128,33444,26014,03721,739 PDF p. 147
Notes

The total row has no printed label. Geographical segments are based on location of the Group’s assets; sales to external customers are based on location of customers. Others include countries such as Malaysia, Philippines, South Korea and United States of America, etc.

Non-current assets consist of property, plant and equipment, right-of-use assets, investment in associates and intangible assets as presented in the Group’s statement of financial position.

Major customers: 4 customers (2024: 2 customers) contributed at least 10% of Group revenue at $97,581,000 (2024: $24,333,000), attributable to the Trading and Marine Logistics segment.

Debt

Borrowings

Amounts due to banks (Note 21) - Group

Amounts due to banks (Note 21) - Group — Group
Item / unit 2025$'0002024$'000 Source
Amounts due to banks
Trust receipts, secured$'000 10,3246,952 PDF p. 117
Notes

Securities: legal mortgage on leasehold building; corporate guarantee by Company; bank balances and deposits pledged by subsidiaries; assignment of certain receivables and goods of a subsidiary; fixed charge over proceeds account of a subsidiary.

Interest rate row values: 2025 range then 2024 range, as printed.

Amounts due to banks by currency (Note 21) - Group

Amounts due to banks by currency (Note 21) - Group — Group
Item / unit 2025$'0002024$'000 Source
Currency denomination
Singapore Dollar$'000 –406 PDF p. 117
United States Dollar$'000 9,7956,546 PDF p. 117
Euro$'000 529– PDF p. 117
Notes

Total 10,324 (2025) and 6,952 (2024).

Maturity profile of Group financial liabilities - loans and borrowings and lease liabilities (undiscounted)

Maturity profile of Group financial liabilities - loans and borrowings and lease liabilities (undiscounted) — Group
Item / unit 20251 year or less, $'00020251 to 5 years, $'0002025Over 5 years, $'0002025Total, $'00020241 year or less, $'00020241 to 5 years, $'0002024Over 5 years, $'0002024Total, $'000 Source
Group Financial liabilities
Loans and borrowings$'000 10,413––10,4137,526––7,526 PDF p. 140
Lease liabilities$'000 2981,1012,3163,7152971,1462,5253,968 PDF p. 140
Notes

Based on contractual undiscounted repayment obligations. At year end 100% (2024: 100%) of Group loans and borrowings (Notes 21 and 22) mature in less than one year. Nil% (2024: 6%) of Group borrowings are at fixed rates.

Borrowing notes 2 tables

Term loans (Note 22) - Group

Term loans (Note 22) - Group — Group
Item / unit 2025$'0002024$'000 Source
Amounts repayable within one year
– secured$'000 –482 PDF p. 119
Interest rate
The interest rates of the term loans at the end of the reporting period are% per annum Nil2.75 PDF p. 119
Notes

In 2024 the term loans were secured by legal mortgage on leasehold building, corporate guarantee by the Company, and bank balances and deposits pledged by subsidiaries.

Carrying amount of lease liabilities (Note 5) - Group

Carrying amount of lease liabilities (Note 5) - Group — Group
Item / unit 2025$'0002024$'000 Source
Carrying amount of lease liabilities
Current$'000 179171 PDF p. 101
Non-current$'000 2,3272,465 PDF p. 101
Notes

Total lease liabilities 2,506 (2025) and 2,636 (2024).

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend policy The Company currently does not have a fixed dividend policy. Company PDF p. 69

Dividends declared and proposed

ItemValuePeriod / scopeSource
special dividend 0.5 Singapore cents per ordinary share FY2025 proposed, one-tier tax-exempt, subject to AGM approval PDF p. 6
final tax exempt dividend $0.005 FY2024 comparative, Group and Company PDF p. 127
special tax exempt dividend $Nil FY2024 comparative PDF p. 127
proposed dividends approximate total approximately $1,407,000 (2024: $703,000) FY2025 proposed final and special; comparative 2024 PDF p. 127

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

ItemValuePeriod / scopeSource
Independent auditor Baker Tilly TFW LLP Group PDF p. 77
Engagement partner Low See Lien Group PDF p. 77
Opinion In our opinion, the accompanying consolidated financial statements of the Group and the statement of financial position and statement of changes in equity of the Company are properly drawn up Group and Company PDF p. 74

Key audit matters

ItemValuePeriod / scopeSource
Revenue Recognition Revenue is one of the key elements in the financial statements used as a measure of financial performance of the Group. Group PDF p. 74

Going concern

ItemValuePeriod / scopeSource
Going concern No material uncertainty related to going concern reported Group PDF p. 76

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.

Primary statements cover years ended 31 December 2021–2025 from four official annual originals. Amounts are Singapore dollars thousands; financial-highlight turnover/pretax results millions; EPS and NAV Singapore cents per share; share-count inputs thousands of shares; proposed dividend rates Singapore dollars per share. Units remain separate.

Baker Tilly TFW LLP issued an unmodified opinion signed 31 March 2026 by engagement partner Low See Lien. Complete Group income, comprehensive-income, financial-position, cash-flow and equity schedules are supplied, together with Company financial-position and equity schedules. No separate Company income, comprehensive-income or cash-flow statement is printed.

The original five-year highlights are five charts. Each scalar is bound by its own native horizontal position to the printed FY category. Native text stream order does not represent the chart’s fiscal-year order. Original quoted text, scalar glyphs and raster evidence remain archived.

NAV numerically reconciles to owner equity divided by issued shares less treasury shares; EPS uses owner profit divided by weighted ordinary shares. In each source the issued count 140,767, treasury count 100 and weighted count 140,667 are thousands of shares, not whole shares. No separate formal NAV definition is printed.

Current ratio numerically reconciles to current assets including held-for-sale assets divided by current liabilities including disposal-group liabilities. FY2023 includes disposal-group cash 1,084 thousand in cash-flow cash; pledged deposits are excluded. Gross balance-sheet cash and cash-flow cash are distinct.

The capital-management gearing definition changes. The original FY2022 report prints FY2022/FY2021 ratios 0.31/0.23 using amounts due to banks plus term loans divided by owner equity excluding other reserves. The printed positive 1,133 adjustment corresponds to negative other reserves in the balance sheet, producing denominators 85,549/81,156.

The FY2023 annual comparative FY2022 ratio 0.57 uses total liabilities excluding contract liabilities, provision for taxation and deferred tax divided by owner equity, rather than the earlier FY2022 original 0.31 basis. FY2025 additionally excludes 13,498 thousand PTG disposal advance consideration. Preserve each original definition instead of treating the values as a uniform historical series.

FY2025 cash dividend paid 703 thousand relates to FY2024. Proposed FY2025 final and special dividends are each S$0.005 per share, together approximately S$1,407,000; FY2024 proposed final dividend approximately S$703,000. Proposed amounts are not year-end liabilities or cash paid during FY2025. The report does not supply a five-year dividend-rate series; no missing historical dividend rates are invented.

PT Gunanusa Utama Fabricators remains a 30% associate classified as held for sale at 31 December 2025. The proposed disposal requires shareholder approval in 2026. Assets of the disposal group total 21,913 thousand including associate value 4,864 and amounts due 17,049; Company values are separate. Cash advance consideration 13,611 thousand is distinct from the year-end liability balance 13,498 and from completed disposal proceeds.

PT Mega Federal Energy was disposed during FY2025 for US$1; its current ownership dash and comparative 60% are preserved. The FEE subgroup and FIS disposal completed 29 January 2024. Other historical strike-offs, liquidation and amalgamation are explicitly historical and do not increase current subsidiary counts.

Segment investment in associates 7,088 thousand includes PTG held-for-sale value 4,864 in addition to ordinary investment in associates 2,224. Unallocated segment assets/liabilities are deferred tax assets, deferred tax liabilities and provision for tax. Geographic noncurrent assets comprise PPE, right-of-use assets, associates and intangible assets; other noncurrent categories are excluded.

Two segment investment amount footnote markers are retained separately from numeric values 2,482 and 7,088. Consolidated-only segment rows project only the two Group columns; the blank component cells are not represented as zeroes. No displayed cell is an invented blank or zero.

Note 36 describes a customer claim, a 26 January 2026 appeal and uncertainty over causation/damages. No provision was recognised because the likelihood or amount of outflow could not be determined; no invented liability amount is supplied.

No five-year EBITDA or return-on-equity series is printed in the financial highlights. Those missing metrics are not fabricated. The supplied five-year primary statements and original reported ratios retain their own bases.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.