SUTL Enterprise Limited Annual Report 2025
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSingapore dollars thousands | 49,530 | 52,600 | – | – | PDF p. 53 |
| Loan receivableSingapore dollars thousands | 1,680 | 1,388 | 1,680 | 1,388 | PDF p. 53 |
| Investment in subsidiariesSingapore dollars thousands | – | – | 17,523 | 20,279 | PDF p. 53 |
| SubtotalSingapore dollars thousands | 51,210 | 53,988 | 19,203 | 21,667 | PDF p. 53 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 167 | 173 | – | – | PDF p. 53 |
| PrepaymentsSingapore dollars thousands | 566 | 1,265 | – | – | PDF p. 53 |
| Trade and other receivablesSingapore dollars thousands | 4,218 | 3,431 | 494 | 360 | PDF p. 53 |
| Other financial assetsSingapore dollars thousands | 35,390 | 39,187 | 35,390 | 39,187 | PDF p. 53 |
| Amounts due from related companiesSingapore dollars thousands | 41 | 31 | 1,206 | 650 | PDF p. 53 |
| Cash and cash equivalentsSingapore dollars thousands | 34,069 | 27,066 | 29,082 | 19,188 | PDF p. 53 |
| SubtotalSingapore dollars thousands | 74,451 | 71,153 | 66,172 | 59,385 | PDF p. 53 |
| Non-current assets classified as held for saleSingapore dollars thousands | – | 241 | – | – | PDF p. 53 |
| SubtotalSingapore dollars thousands | 74,451 | 71,394 | 66,172 | 59,385 | PDF p. 53 |
| Total assetsSingapore dollars thousands | 125,661 | 125,382 | 85,375 | 81,052 | PDF p. 53 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 48,872 | 48,786 | 42,902 | 42,816 | PDF p. 53 |
| Treasury sharesSingapore dollars thousands | (495) | (495) | (495) | (495) | PDF p. 53 |
| Retained earningsSingapore dollars thousands | 24,986 | 21,056 | 28,578 | 18,284 | PDF p. 53 |
| Other reservesSingapore dollars thousands | 462 | 698 | 278 | 277 | PDF p. 53 |
| Equity, attributable to owners of the CompanySingapore dollars thousands | 73,825 | 70,045 | 71,263 | 60,882 | PDF p. 53 Label p. 53 |
| Non-controlling interestsSingapore dollars thousands | (4,182) | (3,919) | – | – | PDF p. 53 |
| Total equitySingapore dollars thousands | 69,643 | 66,126 | 71,263 | 60,882 | PDF p. 53 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 7,451 | 7,674 | – | – | PDF p. 53 |
| Deferred membership incomeSingapore dollars thousands | 27,715 | 31,603 | – | – | PDF p. 53 |
| SubtotalSingapore dollars thousands | 35,166 | 39,277 | – | – | PDF p. 53 |
| Current liabilities | |||||
| Income tax payableSingapore dollars thousands | 2,362 | 2,217 | 158 | 201 | PDF p. 53 |
| Deferred membership incomeSingapore dollars thousands | 3,622 | 3,619 | – | – | PDF p. 53 |
| Loan from a subsidiarySingapore dollars thousands | – | – | 13,316 | 19,435 | PDF p. 53 |
| Loans from non-controlling interestsSingapore dollars thousands | 4,194 | 4,036 | – | – | PDF p. 53 |
| Trade and other payablesSingapore dollars thousands | 10,674 | 10,107 | 638 | 534 | PDF p. 53 |
| SubtotalSingapore dollars thousands | 20,852 | 19,979 | 14,112 | 20,170 | PDF p. 53 |
| Total liabilitiesSingapore dollars thousands | 56,018 | 59,256 | 14,112 | 20,170 | PDF p. 53 |
| Total equity and liabilitiesSingapore dollars thousands | 125,661 | 125,382 | 85,375 | 81,052 | PDF p. 53 |
Original report: PDF p. 53 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Revenue | |||
| Sales of goods and servicesSingapore dollars thousands | 29,929 | 29,260 | PDF p. 52 |
| Membership related fees and management feesSingapore dollars thousands | 9,978 | 10,360 | PDF p. 52 |
| Total revenueSingapore dollars thousands | 39,907 | 39,620 | PDF p. 52 |
| Other incomeSingapore dollars thousands | 3,110 | 3,402 | PDF p. 52 |
| Items of expense | |||
| Employee benefits expenseSingapore dollars thousands | (13,793) | (12,841) | PDF p. 52 |
| Advertising, publication and event expensesSingapore dollars thousands | (846) | (804) | PDF p. 52 |
| Depreciation expenseSingapore dollars thousands | (6,031) | (5,713) | PDF p. 52 |
| Cost of salesSingapore dollars thousands | (5,976) | (6,155) | PDF p. 52 |
| Repair, maintenance and cleaning expensesSingapore dollars thousands | (1,896) | (1,797) | PDF p. 52 |
| UtilitiesSingapore dollars thousands | (1,050) | (1,234) | PDF p. 52 |
| Property taxSingapore dollars thousands | (768) | (817) | PDF p. 52 |
| Allowance for expected credit losses on trade receivablesSingapore dollars thousands | (180) | (520) | PDF p. 52 |
| Loan interest, bank and credit card chargesSingapore dollars thousands | (480) | (703) | PDF p. 52 |
| Other expensesSingapore dollars thousands | (1,931) | (1,632) | PDF p. 52 |
| Total expensesSingapore dollars thousands | (32,951) | (32,216) | PDF p. 52 |
| Profit before income taxSingapore dollars thousands | 10,066 | 10,806 | PDF p. 52 |
| Income tax expenseSingapore dollars thousands | (1,808) | (2,403) | PDF p. 52 |
| Profit after income taxSingapore dollars thousands | 8,258 | 8,403 | PDF p. 52 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Exchange differences on translating foreign operations, net of taxSingapore dollars thousands | (394) | (606) | PDF p. 52 |
| Total comprehensive incomeSingapore dollars thousands | 7,864 | 7,797 | PDF p. 52 |
| Profit after income tax attributable to: Owners of the CompanySingapore dollars thousands | 8,364 | 8,525 | PDF p. 52 Label p. 52 |
| Non-controlling interestsSingapore dollars thousands | (106) | (122) | PDF p. 52 |
| Profit after income taxSingapore dollars thousands | 8,258 | 8,403 | PDF p. 52 |
| Total comprehensive income attributable to: | |||
| Owners of the CompanySingapore dollars thousands | 8,127 | 8,168 | PDF p. 52 |
| Non-controlling interestsSingapore dollars thousands | (263) | (371) | PDF p. 52 |
| Total comprehensive incomeSingapore dollars thousands | 7,864 | 7,797 | PDF p. 52 |
Original report: PDF p. 52 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share attributable to owners of the Company (cents) | |||
| BasicSingapore cents per share | 9.42 | 9.66 | PDF p. 52 |
| DilutedSingapore cents per share | 9.37 | 9.63 | PDF p. 52 |
Original report: PDF p. 52 ↗
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| Metric / unit | 2025Group — Total equity | 2025Group — Parent equity subtotal | 2025Group — Share capital | 2025Group — Retained earnings | 2025Group — Treasury shares | 2025Group — Other reserves | 2025Group — Non-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Current year: | ||||||||
| Balance at 1 January 2025Singapore dollars thousands | 66,126 | 70,045 | 48,786 | 21,056 | (495) | 698 | (3,919) | PDF p. 54 |
| Profit / (loss) after income taxSingapore dollars thousands | 8,258 | 8,364 | – | 8,364 | – | – | (106) | PDF p. 54 Label p. 54 |
| Other comprehensive income Foreign currency translation lossSingapore dollars thousands | (394) | (237) | – | – | – | (237) | (157) | PDF p. 54 Label p. 54 |
| Total comprehensive incomeSingapore dollars thousands | 7,864 | 8,127 | – | 8,364 | – | (237) | (263) | PDF p. 54 Label p. 54 |
| Contributions by and distributions to owners | ||||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (4,434) | (4,434) | – | (4,434) | – | – | – | PDF p. 54 Label p. 54 |
| Share-based payment expense (Notes 23 and 24B)Singapore dollars thousands | 24 | 24 | – | – | – | 24 | – | PDF p. 54 Label p. 54 |
| Issuance of shares pursuant to the exercise of employee share options (Notes 22 and 24B)Singapore dollars thousands | 63 | 63 | 86 | – | – | (23) | – | PDF p. 54 Label p. 54 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (4,347) | (4,347) | 86 | (4,434) | – | 1 | – | PDF p. 54 Label p. 54 |
| Balance at 31 December 2025Singapore dollars thousands | 69,643 | 73,825 | 48,872 | 24,986 | (495) | 462 | (4,182) | PDF p. 54 Label p. 54 |
Original report: PDF p. 54 ↗
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| Metric / unit | 2024Group — Total equity | 2024Group — Parent equity subtotal | 2024Group — Share capital | 2024Group — Retained earnings | 2024Group — Treasury shares | 2024Group — Other reserves | 2024Group — Non-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Previous year: | ||||||||
| Balance at 1 January 2024Singapore dollars thousands | 62,018 | 65,566 | 47,972 | 16,961 | (495) | 1,128 | (3,548) | PDF p. 55 |
| Profit / (loss) after income taxSingapore dollars thousands | 8,403 | 8,525 | – | 8,525 | – | – | (122) | PDF p. 55 Label p. 55 |
| Other comprehensive income Foreign currency translation lossSingapore dollars thousands | (606) | (357) | – | – | – | (357) | (249) | PDF p. 55 Label p. 55 |
| Total comprehensive incomeSingapore dollars thousands | 7,797 | 8,168 | – | 8,525 | – | (357) | (371) | PDF p. 55 Label p. 55 |
| Contributions by and distributions to owners | ||||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (4,434) | (4,434) | – | (4,434) | – | – | – | PDF p. 55 Label p. 55 |
| Share-based payment expense (Notes 23 and 24B)Singapore dollars thousands | 112 | 112 | – | 4 | – | 108 | – | PDF p. 55 Label p. 55 |
| Issuance of shares pursuant to the exercise of employee share options (Notes 22 and 24B)Singapore dollars thousands | 633 | 633 | 814 | – | – | (181) | – | PDF p. 55 Label p. 55 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (3,689) | (3,689) | 814 | (4,430) | – | (73) | – | PDF p. 55 Label p. 55 |
| Balance at 31 December 2024Singapore dollars thousands | 66,126 | 70,045 | 48,786 | 21,056 | (495) | 698 | (3,919) | PDF p. 55 Label p. 55 |
Original report: PDF p. 55 ↗
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| Metric / unit | 2025Company — Total equity | 2025Company — Share capital | 2025Company — Retained earnings | 2025Company — Treasury shares | 2025Company — Other reserves | Source |
|---|---|---|---|---|---|---|
| Current year: | ||||||
| Balance at 1 January 2025Singapore dollars thousands | 60,882 | 42,816 | 18,284 | (495) | 277 | PDF p. 56 |
| Total comprehensive incomeSingapore dollars thousands | 14,728 | – | 14,728 | – | – | PDF p. 56 |
| Contributions by and distributions to owners | ||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (4,434) | – | (4,434) | – | – | PDF p. 56 |
| Share-based payment expense (Notes 23 and 24B)Singapore dollars thousands | 24 | – | – | – | 24 | PDF p. 56 Label p. 56 |
| Issuance of shares pursuant to the exercise of employee share options (Notes 22 and 24B)Singapore dollars thousands | 63 | 86 | – | – | (23) | PDF p. 56 Label p. 56 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (4,347) | 86 | (4,434) | – | 1 | PDF p. 56 Label p. 56 |
| Balance at 31 December 2025Singapore dollars thousands | 71,263 | 42,902 | 28,578 | (495) | 278 | PDF p. 56 |
Original report: PDF p. 56 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company — Total equity | 2024Company — Share capital | 2024Company — Retained earnings | 2024Company — Treasury shares | 2024Company — Other reserves | Source |
|---|---|---|---|---|---|---|
| Previous year: | ||||||
| Balance at 1 January 2024Singapore dollars thousands | 63,524 | 42,002 | 21,667 | (495) | 350 | PDF p. 56 |
| Total comprehensive incomeSingapore dollars thousands | 1,047 | – | 1,047 | – | – | PDF p. 56 |
| Contributions by and distributions to owners | ||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (4,434) | – | (4,434) | – | – | PDF p. 56 |
| Share-based payment expense (Notes 23 and 24B)Singapore dollars thousands | 112 | – | 4 | – | 108 | PDF p. 56 Label p. 56 |
| Issuance of shares pursuant to the exercise of employee share options (Notes 22 and 24B)Singapore dollars thousands | 633 | 814 | – | – | (181) | PDF p. 56 Label p. 56 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (3,689) | 814 | (4,430) | – | (73) | PDF p. 56 Label p. 56 |
| Balance at 31 December 2024Singapore dollars thousands | 60,882 | 42,816 | 18,284 | (495) | 277 | PDF p. 56 |
Original report: PDF p. 56 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before income taxSingapore dollars thousands | 10,066 | 10,806 | PDF p. 57 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 6,031 | 5,713 | PDF p. 57 |
| Deferred membership income recognisedSingapore dollars thousands | (3,887) | (4,141) | PDF p. 57 |
| Fair value gain on other financial assetsSingapore dollars thousands | (333) | – | PDF p. 57 |
| Gain on disposal of non-current assets held for saleSingapore dollars thousands | – | (438) | PDF p. 57 |
| Loss on disposal of property, plant and equipmentSingapore dollars thousands | 9 | 86 | PDF p. 57 |
| Interest expenseSingapore dollars thousands | – | 233 | PDF p. 57 |
| Interest incomeSingapore dollars thousands | (1,413) | (2,049) | PDF p. 57 |
| Impairment loss on property, plant and equipmentSingapore dollars thousands | 145 | – | PDF p. 57 |
| Share-based payment expenseSingapore dollars thousands | 24 | 112 | PDF p. 57 |
| Foreign exchange adjustment unrealised gainsSingapore dollars thousands | (238) | (343) | PDF p. 57 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 10,404 | 9,979 | PDF p. 57 |
| Decrease / (increase) in inventoriesSingapore dollars thousands | 6 | (1) | PDF p. 57 |
| Increase in trade and other receivables and prepaymentsSingapore dollars thousands | (88) | (181) | PDF p. 57 |
| (Increase) / decrease in amounts due from related companiesSingapore dollars thousands | (10) | 8 | PDF p. 57 |
| Decrease in amounts due to related companiesSingapore dollars thousands | – | (32) | PDF p. 57 |
| Increase / (decrease) in trade and other payablesSingapore dollars thousands | 334 | (1,498) | PDF p. 57 |
| Cash flows generated from operationsSingapore dollars thousands | 10,646 | 8,275 | PDF p. 57 |
| Income tax paidSingapore dollars thousands | (1,877) | (1,462) | PDF p. 57 |
| Net cash flows generated from operating activitiesSingapore dollars thousands | 8,769 | 6,813 | PDF p. 57 |
| Cash flows generated from / (used in) investing activities | |||
| Interest receivedSingapore dollars thousands | 1,367 | 2,049 | PDF p. 57 |
| Redemption / (purchase) on maturity of debt assets instrumentsSingapore dollars thousands | 7,519 | (12,264) | PDF p. 57 |
| Purchase of investment in equity securitiesSingapore dollars thousands | (3,389) | – | PDF p. 57 |
| Proceeds from sale of assets held for saleSingapore dollars thousands | – | 3,480 | PDF p. 57 |
| Purchase of property, plant and equipmentSingapore dollars thousands | (2,646) | (1,476) | PDF p. 57 |
| Loan disbursedSingapore dollars thousands | (246) | (1,388) | PDF p. 57 |
| Net cash flows generated from / (used in) investing activitiesSingapore dollars thousands | 2,605 | (9,599) | PDF p. 57 |
| Cash flows used in financing activities | |||
| Dividends paid on ordinary sharesSingapore dollars thousands | (4,434) | (4,434) | PDF p. 57 |
| Proceeds from issuance of shares pursuant to the exercise of employee share optionsSingapore dollars thousands | 63 | 633 | PDF p. 57 Label p. 57 |
| Repayment of loan from non-controlling interestsSingapore dollars thousands | – | (1,611) | PDF p. 57 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (4,371) | (5,412) | PDF p. 57 |
| Net increase / (decrease) in cash and cash equivalentsSingapore dollars thousands | 7,003 | (8,198) | PDF p. 57 |
| Cash and cash equivalents, statement of cash flows, beginning balanceSingapore dollars thousands | 27,066 | 35,264 | PDF p. 57 |
| Cash and cash equivalents, statement of cash flows, ending balance (Note 20)Singapore dollars thousands | 34,069 | 27,066 | PDF p. 57 Label p. 57 |
Original report: PDF p. 57 ↗
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Financial Highlights | ||||||
| Total Revenue$’000 | 39,907 | 39,620 | 40,112 | 38,132 | 31,882 | PDF p. 6 |
| Profit Before Tax$’000 | 10,066 | 10,806 | 9,681 | 8,102 | 4,502 | PDF p. 6 |
| EBITDA$’000 | 16,097 | 16,519 | 15,277 | 13,714 | 10,180 | PDF p. 6 |
Original report: PDF p. 6 ↗
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| Metric / unit | 2025Group, Singapore cents per share | 2024Group, Singapore cents per share | Source |
|---|---|---|---|
| Financial Position | |||
| Net asset value per shareSingapore cents per share | 83.14 | 79.00 | PDF p. 7 |
Original report: PDF p. 7 ↗
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| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Paid dividend amounts — Note10 | |||
| Declared and paid during the financial year: Final tax-exempt dividend 5 5Singapore dollars thousands | 4,434 | 4,434 | PDF p. 69 Label p. 69 |
| Total dividends in the year 5 5Singapore dollars thousands | 4,434 | 4,434 | PDF p. 69 |
Original report: PDF p. 69 ↗
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| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Paid dividend rate — Note10 | |||
| Declared and paid during the financialSingapore cents per share | 5 | 5 | PDF p. 69 |
| Total dividends in the year 5 5Singapore cents per share | 5 | 5 | PDF p. 69 |
Original report: PDF p. 69 ↗
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| Metric / unit | 2025Group and Company; year-end proposal, unrecognised liability | Source |
|---|---|---|
| Proposed final dividend as reported at31December2025 | ||
| final dividendSingapore cents per share | 5 | PDF p. 69 |
| total estimated amountSingapore dollars | 4,440,000 | PDF p. 69 |
Original report: PDF p. 69 ↗
The source describes a proposal subject to AGM approval. This is a statement of the annual report disclosure, not a claim that approval is still pending today.
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Basic EPS | |||
| Profit, attributable to owners of the Company, net of tax$’000 | 8,364 | 8,525 | PDF p. 70 |
| Weighted average number of ordinary shares for basic earnings per share computationordinary shares | 88,793,902 | 88,216,683 | PDF p. 70 |
| Basic earnings per sharecents | 9.42 | 9.66 | PDF p. 70 |
| Diluted EPS | |||
| Profit, attributable to owners of the Company, net of tax$’000 | 8,364 | 8,525 | PDF p. 70 |
| Weighted average number of ordinary shares for basic earnings per share computationordinary shares | 88,793,902 | 88,216,683 | PDF p. 70 |
| Add: Potential dilutive effect of shares from share option schemeordinary shares | 472,992 | 347,549 | PDF p. 70 |
| Weighted average number of ordinary shares for diluted earnings per share computationordinary shares | 89,266,894 | 88,564,232 | PDF p. 70 |
| Diluted earnings per sharecents | 9.37 | 9.63 | PDF p. 70 |
Original report: PDF p. 70 ↗
The table illustrates the numerators and denominators used to calculate basic and diluted amount per share of no par value. The weighted average number of ordinary shares refers to shares in issue outstanding during the reporting period. Diluted amount per share is based on the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during each reporting year. Included ordinary share equivalents are the average number of ordinary shares assumed to be outstanding during the reporting year and shares issuable upon assumed exercise of share options which, if any, would have a dilutive effect. The report states there have been no other transactions involving ordinary shares or potential ordinary shares since the reporting date.
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Group / Company cash and cash equivalents — Note20 | |||||
| Fixed depositsSingapore dollars thousands | 25,592 | 18,817 | 25,592 | 18,817 | PDF p. 80 |
| Cash at bank and on handSingapore dollars thousands | 8,477 | 8,249 | 3,490 | 371 | PDF p. 80 |
| SubtotalSingapore dollars thousands | 34,069 | 27,066 | 29,082 | 19,188 | PDF p. 80 |
Original report: PDF p. 80 ↗
Fixed deposits are explicitly non-pledged, terms90–365days. The source includes them in cash and cash equivalents; no extra maturity deduction is invented.
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| Metric / unit | 2024Group opening balance | 2025Group cash flows | 2025Group non-cash changes | 2025Group closing balance | Source |
|---|---|---|---|---|---|
| Group NCI loans reconciliation — Note20B / ending2025 | |||||
| Loans from non-controlling interestsSingapore dollars thousands | 4,036 | – | 158 | 4,194 | PDF p. 81 |
Original report: PDF p. 81 ↗
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| Metric / unit | 2023Group opening balance | 2024Group cash flows | 2024Group non-cash changes | 2024Group closing balance | Source |
|---|---|---|---|---|---|
| Group NCI loans reconciliation — Note20B / ending2024 | |||||
| Loans from non-controlling interestsSingapore dollars thousands | 5,067 | (1,611) | 580 | 4,036 | PDF p. 81 |
Original report: PDF p. 81 ↗
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| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSingapore dollars thousands | 56,923 | 61,316 | – | – | PDF p. 52 |
| Investment in subsidiariesSingapore dollars thousands | – | – | 20,399 | 20,640 | PDF p. 52 |
| SubtotalSingapore dollars thousands | 56,923 | 61,316 | 20,399 | 20,640 | PDF p. 52 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 172 | 174 | – | – | PDF p. 52 |
| PrepaymentsSingapore dollars thousands | 519 | 436 | – | 3 | PDF p. 52 |
| Trade and other receivablesSingapore dollars thousands | 3,996 | 2,629 | 269 | 197 | PDF p. 52 |
| Amounts due from related companiesSingapore dollars thousands | 39 | – | 1,080 | 230 | PDF p. 52 |
| Other financial assetsSingapore dollars thousands | 26,923 | 29,661 | 26,923 | 29,661 | PDF p. 52 |
| Cash and cash equivalentsSingapore dollars thousands | 35,264 | 25,742 | 27,902 | 16,817 | PDF p. 52 |
| SubtotalSingapore dollars thousands | 66,913 | 58,642 | 56,174 | 46,908 | PDF p. 52 |
| Non-current assets classified as held for saleSingapore dollars thousands | 3,202 | 4,423 | – | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 70,115 | 63,065 | 56,174 | 46,908 | PDF p. 52 |
| Total assetsSingapore dollars thousands | 127,038 | 124,381 | 76,573 | 67,548 | PDF p. 52 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 47,972 | 47,072 | 42,002 | 41,102 | PDF p. 52 |
| Treasury sharesSingapore dollars thousands | (495) | (495) | (495) | (495) | PDF p. 52 |
| Retained earningsSingapore dollars thousands | 16,961 | 13,206 | 21,667 | 5,513 | PDF p. 52 |
| Other reservesSingapore dollars thousands | 1,128 | 932 | 350 | 473 | PDF p. 52 |
| Equity, attributable to owners of the CompanySingapore dollars thousands | 65,566 | 60,715 | 63,524 | 46,593 | PDF p. 52 Label p. 52 |
| Non-controlling interestsSingapore dollars thousands | (3,548) | (3,162) | – | – | PDF p. 52 |
| Total equitySingapore dollars thousands | 62,018 | 57,553 | 63,524 | 46,593 | PDF p. 52 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 7,144 | 6,699 | – | – | PDF p. 52 |
| Deferred membership incomeSingapore dollars thousands | 35,724 | 39,600 | – | – | PDF p. 52 |
| Bank borrowingsSingapore dollars thousands | – | 674 | – | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 42,868 | 46,973 | – | – | PDF p. 52 |
| Current liabilities | |||||
| Income tax payableSingapore dollars thousands | 1,814 | 61 | 183 | 62 | PDF p. 52 |
| Deferred membership incomeSingapore dollars thousands | 3,634 | 3,693 | – | – | PDF p. 52 |
| Loan from a subsidiarySingapore dollars thousands | – | – | 12,485 | 20,500 | PDF p. 52 |
| Loans from non-controlling interestsSingapore dollars thousands | 5,067 | 5,155 | – | – | PDF p. 52 |
| Trade and other payablesSingapore dollars thousands | 11,605 | 10,585 | 381 | 388 | PDF p. 52 |
| Amount due to related companiesSingapore dollars thousands | 32 | – | – | 5 | PDF p. 52 |
| Bank borrowingsSingapore dollars thousands | – | 361 | – | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 22,152 | 19,855 | 13,049 | 20,955 | PDF p. 52 |
| Total liabilitiesSingapore dollars thousands | 65,020 | 66,828 | 13,049 | 20,955 | PDF p. 52 |
| Total equity and liabilitiesSingapore dollars thousands | 127,038 | 124,381 | 76,573 | 67,548 | PDF p. 52 |
Original report: PDF p. 52 ↗
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| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Revenue | |||
| Sales of goods and servicesSingapore dollars thousands | 29,547 | 27,515 | PDF p. 51 |
| Membership related fees and management feesSingapore dollars thousands | 10,565 | 10,617 | PDF p. 51 |
| Total revenueSingapore dollars thousands | 40,112 | 38,132 | PDF p. 51 |
| Other incomeSingapore dollars thousands | 3,354 | 1,432 | PDF p. 51 |
| Items of expense | |||
| Employee benefits expenseSingapore dollars thousands | (13,077) | (12,131) | PDF p. 51 |
| Advertising, publication and event expensesSingapore dollars thousands | (955) | (898) | PDF p. 51 |
| Depreciation expenseSingapore dollars thousands | (5,596) | (5,612) | PDF p. 51 |
| Cost of salesSingapore dollars thousands | (5,691) | (5,602) | PDF p. 51 |
| Repair, maintenance and cleaning expensesSingapore dollars thousands | (1,975) | (1,876) | PDF p. 51 |
| UtilitiesSingapore dollars thousands | (1,254) | (811) | PDF p. 51 |
| Property taxSingapore dollars thousands | (1,129) | (883) | PDF p. 51 |
| Allowance for expected credit losses on trade receivablesSingapore dollars thousands | (473) | (406) | PDF p. 51 |
| Loan interest, bank and credit card chargesSingapore dollars thousands | (761) | (776) | PDF p. 51 |
| Other expensesSingapore dollars thousands | (2,874) | (2,467) | PDF p. 51 |
| Total expensesSingapore dollars thousands | (33,785) | (31,462) | PDF p. 51 |
| Profit before tax from continuing operationsSingapore dollars thousands | 9,681 | 8,102 | PDF p. 51 |
| Income tax expenseSingapore dollars thousands | (2,199) | (1,156) | PDF p. 51 |
| Profit from continuing operations for the yearSingapore dollars thousands | 7,482 | 6,946 | PDF p. 51 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Exchange differences on translating foreign operations, net of taxSingapore dollars thousands | 542 | 473 | PDF p. 51 Label p. 51 |
| Total comprehensive incomeSingapore dollars thousands | 8,024 | 7,419 | PDF p. 51 |
| Profit attributable to: Owners of the CompanySingapore dollars thousands | 8,091 | 7,520 | PDF p. 51 Label p. 51 |
| Non-controlling interestsSingapore dollars thousands | (609) | (574) | PDF p. 51 |
| Profit net of taxSingapore dollars thousands | 7,482 | 6,946 | PDF p. 51 |
| Total comprehensive income attributable to: | |||
| Owners of the CompanySingapore dollars thousands | 8,410 | 7,806 | PDF p. 51 |
| Non-controlling interestsSingapore dollars thousands | (386) | (387) | PDF p. 51 |
| Total comprehensive incomeSingapore dollars thousands | 8,024 | 7,419 | PDF p. 51 |
Original report: PDF p. 51 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Earnings per share attributable to owners of the Company (cents) | |||
| BasicSingapore cents per share | 9.31 | 8.74 | PDF p. 51 |
| DilutedSingapore cents per share | 9.29 | 8.73 | PDF p. 51 |
Original report: PDF p. 51 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — Total equity | 2023Group — Parent equity subtotal | 2023Group — Share capital | 2023Group — Retained earnings | 2023Group — Treasury shares | 2023Group — Other reserves | 2023Group — Non-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Current year: | ||||||||
| Balance at 1 January 2023Singapore dollars thousands | 57,553 | 60,715 | 47,072 | 13,206 | (495) | 932 | (3,162) | PDF p. 53 |
| Profit / (loss) for the yearSingapore dollars thousands | 7,482 | 8,091 | – | 8,091 | – | – | (609) | PDF p. 53 |
| Other comprehensive income Foreign currency translation gainSingapore dollars thousands | 542 | 319 | – | – | – | 319 | 223 | PDF p. 53 Label p. 53 |
| Total comprehensive income for the yearSingapore dollars thousands | 8,024 | 8,410 | – | 8,091 | – | 319 | (386) | PDF p. 53 Label p. 53 |
| Contributions by and distributions to owners | ||||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (4,373) | (4,373) | – | (4,373) | – | – | – | PDF p. 53 Label p. 53 |
| Share-based payment expense (Note 21)Singapore dollars thousands | 149 | 149 | – | 37 | – | 112 | – | PDF p. 53 Label p. 53 |
| Issuance of shares pursuant to the exercise of employee share optionsSingapore dollars thousands | 665 | 665 | 900 | – | – | (235) | – | PDF p. 53 Label p. 53 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (3,559) | (3,559) | 900 | (4,336) | – | (123) | – | PDF p. 53 Label p. 53 |
| Balance at 31 December 2023Singapore dollars thousands | 62,018 | 65,566 | 47,972 | 16,961 | (495) | 1,128 | (3,548) | PDF p. 53 Label p. 53 |
Original report: PDF p. 53 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Total equity | 2022Group — Parent equity subtotal | 2022Group — Share capital | 2022Group — Retained earnings | 2022Group — Treasury shares | 2022Group — Other reserves | 2022Group — Non-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Previous year: | ||||||||
| Balance at 1 January 2022Singapore dollars thousands | 51,640 | 54,415 | 47,034 | 7,360 | (495) | 516 | (2,775) | PDF p. 54 |
| Profit / (loss) for the yearSingapore dollars thousands | 6,946 | 7,520 | – | 7,520 | – | – | (574) | PDF p. 54 |
| Other comprehensive income Foreign currency translation gainSingapore dollars thousands | 473 | 286 | – | – | – | 286 | 187 | PDF p. 54 Label p. 54 |
| Total comprehensive income for the yearSingapore dollars thousands | 7,419 | 7,806 | – | 7,520 | – | 286 | (387) | PDF p. 54 Label p. 54 |
| Contributions by and distributions to owners | ||||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (1,720) | (1,720) | – | (1,720) | – | – | – | PDF p. 54 Label p. 54 |
| Share-based payment expense (Note 21)Singapore dollars thousands | 185 | 185 | – | 46 | – | 139 | – | PDF p. 54 Label p. 54 |
| Issuance of shares pursuant to the exercise of employee share optionsSingapore dollars thousands | 29 | 29 | 38 | – | – | (9) | – | PDF p. 54 Label p. 54 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (1,506) | (1,506) | 38 | (1,674) | – | 130 | – | PDF p. 54 Label p. 54 |
| Balance at 31 December 2022Singapore dollars thousands | 57,553 | 60,715 | 47,072 | 13,206 | (495) | 932 | (3,162) | PDF p. 54 Label p. 54 |
Original report: PDF p. 54 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company — Total equity | 2023Company — Share capital | 2023Company — Retained earnings | 2023Company — Treasury shares | 2023Company — Other reserves | Source |
|---|---|---|---|---|---|---|
| Current year: | ||||||
| Balance at 1 January 2023Singapore dollars thousands | 46,593 | 41,102 | 5,513 | (495) | 473 | PDF p. 55 |
| Total comprehensive income for the yearSingapore dollars thousands | 20,490 | – | 20,490 | – | – | PDF p. 55 |
| Contributions by and distributions to owners | ||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (4,373) | – | (4,373) | – | – | PDF p. 55 |
| Share-based payment expense (Note 21)Singapore dollars thousands | 149 | – | 37 | – | 112 | PDF p. 55 |
| Issuance of shares pursuant to the exercise of employee share optionsSingapore dollars thousands | 665 | 900 | – | – | (235) | PDF p. 55 Label p. 55 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (3,559) | 900 | (4,336) | – | (123) | PDF p. 55 Label p. 55 |
| Balance at 31 December 2023Singapore dollars thousands | 63,524 | 42,002 | 21,667 | (495) | 350 | PDF p. 55 |
Original report: PDF p. 55 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company — Total equity | 2022Company — Share capital | 2022Company — Retained earnings | 2022Company — Treasury shares | 2022Company — Other reserves | Source |
|---|---|---|---|---|---|---|
| Previous year: | ||||||
| Balance at 1 January 2022Singapore dollars thousands | 48,778 | 41,064 | 7,866 | (495) | 343 | PDF p. 55 |
| Total comprehensive loss for the yearSingapore dollars thousands | (679) | – | (679) | – | – | PDF p. 55 |
| Contributions by and distributions to owners | ||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (1,720) | – | (1,720) | – | – | PDF p. 55 |
| Share-based payment expense (Note 21)Singapore dollars thousands | 185 | – | 46 | – | 139 | PDF p. 55 |
| Issuance of shares pursuant to the exercise of employee share optionsSingapore dollars thousands | 29 | 38 | – | – | (9) | PDF p. 55 Label p. 55 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (1,506) | 38 | (1,674) | – | 130 | PDF p. 55 Label p. 55 |
| Balance at 31 December 2022Singapore dollars thousands | 46,593 | 41,102 | 5,513 | (495) | 473 | PDF p. 55 |
Original report: PDF p. 55 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before income taxSingapore dollars thousands | 9,681 | 8,102 | PDF p. 56 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 5,596 | 5,612 | PDF p. 56 |
| Deferred membership income recognisedSingapore dollars thousands | (3,876) | (3,877) | PDF p. 56 |
| Loss / (gain) on disposal of property, plant and equipmentSingapore dollars thousands | 17 | (16) | PDF p. 56 |
| Property, plant and equipment written offSingapore dollars thousands | – | 244 | PDF p. 56 |
| Impairment of assets held for saleSingapore dollars thousands | 97 | – | PDF p. 56 |
| Interest expenseSingapore dollars thousands | 237 | 291 | PDF p. 56 |
| Interest incomeSingapore dollars thousands | (1,825) | (542) | PDF p. 56 |
| Share-based payment expenseSingapore dollars thousands | 149 | 185 | PDF p. 56 |
| Foreign exchange adjustment unrealised lossesSingapore dollars thousands | 480 | 433 | PDF p. 56 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 10,556 | 10,432 | PDF p. 56 |
| (Increase) / decrease in inventoriesSingapore dollars thousands | 2 | (3) | PDF p. 56 |
| (Increase) / decrease in trade and other receivables and prepaymentsSingapore dollars thousands | (1,449) | 96 | PDF p. 56 |
| (Increase) / decrease in amounts due from related companiesSingapore dollars thousands | (39) | 102 | PDF p. 56 |
| Increase / (decrease) in amounts due to related companiesSingapore dollars thousands | 32 | (25) | PDF p. 56 |
| Increase / (decrease) in trade and other payablesSingapore dollars thousands | 929 | 928 | PDF p. 56 |
| Increase / (decrease) in deferred membership incomeSingapore dollars thousands | (52) | (333) | PDF p. 56 |
| Cash flows generated from operationsSingapore dollars thousands | 9,979 | 11,197 | PDF p. 56 |
| Income tax paidSingapore dollars thousands | – | (13) | PDF p. 56 |
| Net cash flows generated from operating activitiesSingapore dollars thousands | 9,979 | 11,184 | PDF p. 56 |
| Cash flows used in investing activities | |||
| Interest receivedSingapore dollars thousands | 1,825 | 542 | PDF p. 56 |
| Redemption on maturity / (purchase) of other financial assetsSingapore dollars thousands | 2,738 | (29,661) | PDF p. 56 |
| Proceeds from sale of assets held for saleSingapore dollars thousands | 852 | 25 | PDF p. 56 |
| Purchase of property, plant and equipmentSingapore dollars thousands | (1,129) | (962) | PDF p. 56 |
| Net cash flows generated from / (used in) investing activitiesSingapore dollars thousands | 4,286 | (30,056) | PDF p. 56 |
| Cash flows used in financing activities | |||
| Interest paidSingapore dollars thousands | – | (39) | PDF p. 56 |
| Dividends paid on ordinary sharesSingapore dollars thousands | (4,373) | (1,720) | PDF p. 56 |
| Proceeds from issuance of shares pursuant to the exercise of employee share optionsSingapore dollars thousands | 665 | 29 | PDF p. 56 Label p. 56 |
| Repayment of bank borrowingSingapore dollars thousands | (1,035) | (355) | PDF p. 56 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (4,743) | (2,085) | PDF p. 56 |
| Net increase / (decrease) in cash and cash equivalentsSingapore dollars thousands | 9,522 | (20,957) | PDF p. 56 |
| Cash and cash equivalents, statement of cash flows, beginning balanceSingapore dollars thousands | 25,742 | 46,699 | PDF p. 56 |
| Cash and cash equivalents, statement of cash flows, ending balance (Note 18)Singapore dollars thousands | 35,264 | 25,742 | PDF p. 56 |
Original report: PDF p. 56 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | 2021Company | 2020Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSingapore dollars thousands | 66,220 | 77,620 | – | – | PDF p. 63 |
| Investment in subsidiariesSingapore dollars thousands | – | – | 20,901 | 41,162 | PDF p. 63 |
| SubtotalSingapore dollars thousands | 66,220 | 77,620 | 20,901 | 41,162 | PDF p. 63 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 171 | 119 | – | – | PDF p. 63 |
| PrepaymentsSingapore dollars thousands | 351 | 409 | 4 | – | PDF p. 63 |
| Trade and other receivablesSingapore dollars thousands | 2,810 | 2,770 | 25 | 1 | PDF p. 63 |
| Amounts due from related companiesSingapore dollars thousands | 102 | 56 | 80 | 100 | PDF p. 63 |
| Cash and cash equivalentsSingapore dollars thousands | 46,699 | 50,372 | 34,535 | 26,971 | PDF p. 63 |
| SubtotalSingapore dollars thousands | 50,133 | 53,726 | 34,644 | 27,072 | PDF p. 63 |
| Non-current assets classified as held for saleSingapore dollars thousands | 4,710 | – | – | – | PDF p. 63 Label p. 63 |
| SubtotalSingapore dollars thousands | 54,843 | 53,726 | 34,644 | 27,072 | PDF p. 63 |
| Total assetsSingapore dollars thousands | 121,063 | 131,346 | 55,545 | 68,234 | PDF p. 63 |
| Equity | |||||
| Share capitalSingapore dollars thousands | 47,034 | 46,780 | 41,064 | 40,810 | PDF p. 63 |
| Treasury sharesSingapore dollars thousands | (495) | (431) | (495) | (431) | PDF p. 63 |
| Retained earningsSingapore dollars thousands | 7,360 | 12,748 | 7,866 | 12,910 | PDF p. 63 |
| Other reservesSingapore dollars thousands | 516 | 336 | 343 | 183 | PDF p. 63 |
| Equity, attributable to owners of the CompanySingapore dollars thousands | 54,415 | 59,433 | 48,778 | 53,472 | PDF p. 63 Label p. 63 |
| Non-controlling interestsSingapore dollars thousands | (2,775) | (845) | – | – | PDF p. 63 |
| Total equitySingapore dollars thousands | 51,640 | 58,588 | 48,778 | 53,472 | PDF p. 63 |
| Non-current liabilities | |||||
| Deferred membership incomeSingapore dollars thousands | 43,936 | 48,070 | – | – | PDF p. 63 |
| Deferred tax liabilitiesSingapore dollars thousands | 5,611 | 4,114 | – | – | PDF p. 63 |
| Loans from non-controlling interestsSingapore dollars thousands | – | 4,210 | – | – | PDF p. 63 |
| Bank borrowingSingapore dollars thousands | 1,029 | 1,360 | – | – | PDF p. 63 |
| SubtotalSingapore dollars thousands | 50,576 | 57,754 | – | – | PDF p. 63 |
| Current liabilities | |||||
| Trade and other payablesSingapore dollars thousands | 9,657 | 11,143 | 304 | 340 | PDF p. 63 |
| Amount due to related companiesSingapore dollars thousands | 25 | 114 | – | – | PDF p. 63 |
| Loan from a subsidiarySingapore dollars thousands | – | – | 6,450 | 14,390 | PDF p. 63 |
| Loans from non-controlling interestsSingapore dollars thousands | 5,224 | – | – | – | PDF p. 63 |
| Bank borrowingSingapore dollars thousands | 361 | 119 | – | – | PDF p. 63 |
| Income tax payableSingapore dollars thousands | 13 | 31 | 13 | 32 | PDF p. 63 |
| Deferred membership incomeSingapore dollars thousands | 3,567 | 3,597 | – | – | PDF p. 63 |
| SubtotalSingapore dollars thousands | 18,847 | 15,004 | 6,767 | 14,762 | PDF p. 63 |
| Total liabilitiesSingapore dollars thousands | 69,423 | 72,758 | 6,767 | 14,762 | PDF p. 63 |
| Total equity and liabilitiesSingapore dollars thousands | 121,063 | 131,346 | 55,545 | 68,234 | PDF p. 63 |
Original report: PDF p. 63 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Revenue | |||
| Sales of goods and servicesSingapore dollars thousands | 20,353 | 15,603 | PDF p. 62 |
| Membership related fees and management feesSingapore dollars thousands | 11,529 | 11,432 | PDF p. 62 |
| Total revenueSingapore dollars thousands | 31,882 | 27,035 | PDF p. 62 |
| Other incomeSingapore dollars thousands | 1,281 | 1,819 | PDF p. 62 |
| Items of expense | |||
| Employee benefits expenseSingapore dollars thousands | (10,948) | (9,895) | PDF p. 62 |
| Advertising, publication and event expensesSingapore dollars thousands | (518) | (659) | PDF p. 62 |
| Depreciation expenseSingapore dollars thousands | (5,678) | (6,132) | PDF p. 62 |
| Cost of salesSingapore dollars thousands | (3,182) | (2,475) | PDF p. 62 |
| Repair, maintenance and cleaning expensesSingapore dollars thousands | (1,677) | (1,538) | PDF p. 62 |
| UtilitiesSingapore dollars thousands | (818) | (683) | PDF p. 62 |
| Property taxSingapore dollars thousands | (830) | (171) | PDF p. 62 |
| Allowance for doubtful receivablesSingapore dollars thousands | (2) | (702) | PDF p. 62 |
| Loan interest, bank and credit card chargesSingapore dollars thousands | (616) | (510) | PDF p. 62 |
| Other expensesSingapore dollars thousands | (4,392) | (2,465) | PDF p. 62 |
| Total expensesSingapore dollars thousands | (28,661) | (25,230) | PDF p. 62 |
| Profit before tax from continuing operationsSingapore dollars thousands | 4,502 | 3,624 | PDF p. 62 |
| Income tax expenseSingapore dollars thousands | (1,523) | (1,217) | PDF p. 62 |
| Profit from continuing operations for the yearSingapore dollars thousands | 2,979 | 2,407 | PDF p. 62 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Exchange differences on translating foreign operations, net of taxSingapore dollars thousands | 32 | (1) | PDF p. 62 Label p. 62 |
| Total comprehensive incomeSingapore dollars thousands | 3,011 | 2,406 | PDF p. 62 |
| Profit/(loss) attributable to: | |||
| Owners of the CompanySingapore dollars thousands | 4,921 | 3,184 | PDF p. 62 |
| Non-controlling interestsSingapore dollars thousands | (1,942) | (777) | PDF p. 62 |
| Profit net of taxSingapore dollars thousands | 2,979 | 2,407 | PDF p. 62 |
| Total comprehensive income attributable to: | |||
| Owners of the CompanySingapore dollars thousands | 4,941 | 3,183 | PDF p. 62 |
| Non-controlling interestsSingapore dollars thousands | (1,930) | (777) | PDF p. 62 |
| Total comprehensive incomeSingapore dollars thousands | 3,011 | 2,406 | PDF p. 62 |
Original report: PDF p. 62 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Earnings per share attributable to owners of the Company (cents) | |||
| BasicSingapore cents per share | 5.74 | 3.69 | PDF p. 62 |
| DilutedSingapore cents per share | 5.72 | 3.69 | PDF p. 62 |
Original report: PDF p. 62 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Total equity | 2021Group — Parent equity subtotal | 2021Group — Share capital | 2021Group — Retained earnings | 2021Group — Treasury shares | 2021Group — Other reserves | 2021Group — Non-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Group changes in equity — ending2021 — FY2021 source | ||||||||
| Balance at 1 January 2021Singapore dollars thousands | 58,588 | 59,433 | 46,780 | 12,748 | (431) | 336 | (845) | PDF p. 64 |
| Profit/(loss) for the yearSingapore dollars thousands | 2,979 | 4,921 | – | 4,921 | – | – | (1,942) | PDF p. 64 |
| Other comprehensive income Foreign currency translation gainSingapore dollars thousands | 32 | 20 | – | – | – | 20 | 12 | PDF p. 64 Label p. 64 |
| Total comprehensive income for the yearSingapore dollars thousands | 3,011 | 4,941 | – | 4,921 | – | 20 | (1,930) | PDF p. 64 |
| Contributions by and distributions to owners | ||||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (10,309) | (10,309) | – | (10,309) | – | – | – | PDF p. 64 |
| Share-based payment expense (Note 20)Singapore dollars thousands | 210 | 210 | – | – | – | 210 | – | PDF p. 64 |
| Purchase of treasury shares (Note 19A)Singapore dollars thousands | (64) | (64) | – | – | (64) | – | – | PDF p. 64 |
| Issuance of shares pursuant to the exercise of employee share optionsSingapore dollars thousands | 204 | 204 | 254 | – | – | (50) | – | PDF p. 64 Label p. 64 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (9,959) | (9,959) | 254 | (10,309) | (64) | 160 | – | PDF p. 64 |
| Balance at 31 December 2021Singapore dollars thousands | 51,640 | 54,415 | 47,034 | 7,360 | (495) | 516 | (2,775) | PDF p. 64 |
Original report: PDF p. 64 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group — Total equity | 2020Group — Parent equity subtotal | 2020Group — Share capital | 2020Group — Retained earnings | 2020Group — Treasury shares | 2020Group — Other reserves | 2020Group — Non-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Group changes in equity — ending2020 — FY2021 source | ||||||||
| Balance at 1 January 2020Singapore dollars thousands | 58,218 | 58,286 | 46,780 | 11,293 | – | 213 | (68) | PDF p. 65 |
| Profit/(loss) for the yearSingapore dollars thousands | 2,407 | 3,184 | – | 3,184 | – | – | (777) | PDF p. 65 |
| Other comprehensive income Foreign currency translation lossSingapore dollars thousands | (1) | (1) | – | – | – | (1) | – | PDF p. 65 Label p. 65 |
| Total comprehensive income for the yearSingapore dollars thousands | 2,406 | 3,183 | – | 3,184 | – | (1) | (777) | PDF p. 65 |
| Contributions by and distribution to owners | ||||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (1,729) | (1,729) | – | (1,729) | – | – | – | PDF p. 65 |
| Share-based payment expense (Note 20)Singapore dollars thousands | 124 | 124 | – | – | – | 124 | – | PDF p. 65 |
| Purchase of treasury shares (Note 19A)Singapore dollars thousands | (431) | (431) | – | – | (431) | – | – | PDF p. 65 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (2,036) | (2,036) | – | (1,729) | (431) | 124 | – | PDF p. 65 |
| Balance at 31 December 2020Singapore dollars thousands | 58,588 | 59,433 | 46,780 | 12,748 | (431) | 336 | (845) | PDF p. 65 |
Original report: PDF p. 65 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company — Total equity | 2021Company — Share capital | 2021Company — Retained earnings | 2021Company — Treasury shares | 2021Company — Other reserves | Source |
|---|---|---|---|---|---|---|
| Company changes in equity — FY2021 source | ||||||
| Balance at 1 January 2021Singapore dollars thousands | 53,472 | 40,810 | 12,910 | (431) | 183 | PDF p. 66 |
| Total comprehensive income for the yearSingapore dollars thousands | 5,265 | – | 5,265 | – | – | PDF p. 66 |
| Contributions by and distributions to owners | ||||||
| Dividends on ordinary shares (Note 10)Singapore dollars thousands | (10,309) | – | (10,309) | – | – | PDF p. 66 |
| Share-based payment expense (Note 20)Singapore dollars thousands | 210 | – | – | – | 210 | PDF p. 66 |
| Purchase of treasury shares (Note 19A)Singapore dollars thousands | (64) | – | – | (64) | – | PDF p. 66 |
| Issuance of shares pursuant to the exercise of employee share optionsSingapore dollars thousands | 204 | 254 | – | – | (50) | PDF p. 66 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (9,959) | 254 | (10,309) | (64) | 160 | PDF p. 66 |
| Balance at 31 December 2021Singapore dollars thousands | 48,778 | 41,064 | 7,866 | (495) | 343 | PDF p. 66 |
Original report: PDF p. 66 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Company — Total equity | 2020Company — Share capital | 2020Company — Retained earnings | 2020Company — Treasury shares | 2020Company — Other reserves | Source |
|---|---|---|---|---|---|---|
| Previous year: | ||||||
| Balance at 1 January 2020Singapore dollars thousands | 55,835 | 40,810 | 14,966 | – | 59 | PDF p. 66 |
| Total comprehensive income for the yearSingapore dollars thousands | (327) | – | (327) | – | – | PDF p. 66 |
| Contributions by and distributions to owners | ||||||
| Dividend on ordinary shares (Note 10)Singapore dollars thousands | (1,729) | – | (1,729) | – | – | PDF p. 66 |
| Share-based payment expense (Note 20)Singapore dollars thousands | 124 | – | – | – | 124 | PDF p. 66 |
| Purchase of treasury shares (Note 19A)Singapore dollars thousands | (431) | – | – | (431) | – | PDF p. 66 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (2,036) | – | (1,729) | (431) | 124 | PDF p. 66 |
| Balance at 31 December 2020Singapore dollars thousands | 53,472 | 40,810 | 12,910 | (431) | 183 | PDF p. 66 |
Original report: PDF p. 66 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Group cash flows — FY2021 source / PDF67 | |||
| Profit before income taxSingapore dollars thousands | 4,502 | 3,624 | PDF p. 67 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 5,678 | 6,132 | PDF p. 67 |
| Deferred membership income recognised (Note 22)Singapore dollars thousands | (4,276) | (4,679) | PDF p. 67 |
| Gain on disposal of property, plant and equipmentSingapore dollars thousands | – | (28) | PDF p. 67 |
| Property, plant and equipment written offSingapore dollars thousands | 142 | 1,020 | PDF p. 67 |
| Impairment of property, plant and equipment (Note 8A)Singapore dollars thousands | 2,790 | – | PDF p. 67 |
| Interest expenseSingapore dollars thousands | 248 | 214 | PDF p. 67 |
| Interest incomeSingapore dollars thousands | (163) | (277) | PDF p. 67 |
| Share-based payment expenseSingapore dollars thousands | 210 | 124 | PDF p. 67 |
| Foreign exchange adjustment unrealised lossesSingapore dollars thousands | 70 | 5 | PDF p. 67 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 9,201 | 6,135 | PDF p. 67 |
| (Increase)/decrease in inventoriesSingapore dollars thousands | (52) | 23 | PDF p. 67 |
| (Increase)/decrease in trade and other receivablesSingapore dollars thousands | (40) | 774 | PDF p. 67 |
| Decrease in prepaymentsSingapore dollars thousands | 58 | 17 | PDF p. 67 |
| (Increase)/decrease in amounts due from related companiesSingapore dollars thousands | (46) | 46 | PDF p. 67 |
| (Decrease)/increase in amounts due to related companiesSingapore dollars thousands | (89) | 44 | PDF p. 67 |
| (Decrease)/increase in trade and other payablesSingapore dollars thousands | (1,501) | 1,740 | PDF p. 67 |
| Increase in deferred membership incomeSingapore dollars thousands | 112 | 502 | PDF p. 67 |
| Cash flows generated from operationsSingapore dollars thousands | 7,643 | 9,281 | PDF p. 67 |
| Interest paidSingapore dollars thousands | (24) | (5) | PDF p. 67 |
| Interest receivedSingapore dollars thousands | 163 | 277 | PDF p. 67 |
| Income tax paidSingapore dollars thousands | (44) | (37) | PDF p. 67 |
| Net cash flows generated from operating activitiesSingapore dollars thousands | 7,738 | 9,516 | PDF p. 67 |
| Cash flows from investing activities | |||
| Disposal of property, plant and equipmentSingapore dollars thousands | – | 28 | PDF p. 67 |
| Purchase of property, plant and equipment (Note 12/ 17A)Singapore dollars thousands | (1,995) | (6,620) | PDF p. 67 |
| Net cash flows used in investing activitiesSingapore dollars thousands | (1,995) | (6,592) | PDF p. 67 |
Original report: PDF p. 67 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Group cash flows — FY2021 source / PDF68 | |||
| Purchase of treasury sharesSingapore dollars thousands | (64) | (431) | PDF p. 68 |
| Dividends paid on ordinary sharesSingapore dollars thousands | (10,309) | (1,729) | PDF p. 68 |
| Loans from non-controlling interestsSingapore dollars thousands | 842 | – | PDF p. 68 |
| Proceeds from issuance of shares pursuant to the exercise of employee share optionsSingapore dollars thousands | 204 | – | PDF p. 68 Label p. 68 |
| (Repayment)/proceeds from bank borrowingSingapore dollars thousands | (89) | 1,479 | PDF p. 68 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (9,416) | (681) | PDF p. 68 |
| Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands | (3,673) | 2,243 | PDF p. 68 |
| Cash and cash equivalents, statement of cash flows, beginning balanceSingapore dollars thousands | 50,372 | 48,129 | PDF p. 68 |
| Cash and cash equivalents, statement of cash flows, ending balance (Note 17)Singapore dollars thousands | 46,699 | 50,372 | PDF p. 68 Label p. 68 |
Original report: PDF p. 68 ↗
Where the money comes from
| Item / unit | 2025Singapore | 2024Singapore | 2025Malaysia | 2024Malaysia | 2025Total | 2024Total | Source |
|---|---|---|---|---|---|---|---|
| Geographical information | |||||||
| Revenue$'000 | 39,907 | 39,523 | – | 97 | 39,907 | 39,620 | PDF p. 65 |
| Non-current assets$'000 | 51,102 | 53,988 | 108 | – | 51,210 | 53,988 | PDF p. 65 |
| Capital expenditure$'000 | 2,862 | 1,476 | 8 | – | 2,870 | 1,476 | PDF p. 65 |
Segment revenue is attributed to countries on the basis of the customer’s location, irrespective of the origin of the goods and services. Segment non-current assets and capital expenditure are based on the location of those assets.
4A: The Group is principally engaged in the business of marina operations. The assets, liabilities and capital expenditure of the Group are employed in this sole business segment, so no separate business segment table is presented.
4C: There are no customers with revenue transactions of over 10% of the Group’s revenue.
Debt
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current liabilities | |||||
| Loans from non-controlling interests$’000 | 4,194 | 4,036 | – | – | PDF p. 53 |
| Loan from a subsidiary$’000 | – | – | 13,316 | 19,435 | PDF p. 53 |
Loans from non-controlling interests are unsecured, non-trade and repayable on demand (Note 26); shown only under current liabilities, no non-current borrowings presented.
Loan from a subsidiary is non-trade, unsecured, non-interest bearing, repayable on demand and settled in cash (Note 28).
Non-controlling interests waived all future interest on the loans from 1 January 2025; no interest expense recognised in 2025 (2024: 5.5% per annum).
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Financial liabilities with interest | |||||
| Fixed rates$’000 | – | 4,036 | – | – | PDF p. 90 |
Prior-year rate on loans from non-controlling interests was 5.5% per annum (Note 26).
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Bank facilities | |||
| Undrawn borrowing facilities$’000 | – | 1,000 | PDF p. 89 |
As at 31 December 2025, the Group did not have any borrowing facilities.
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Other payables | |||||
| Lease liabilities$’000 | 80 | 76 | – | – | PDF p. 86 |
No lease liability maturity analysis was located in the report.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company’s dividend policy is to distribute dividends based on the Company’s performance, taking into consideration the resources needed for the Company’s continuing and future operations and possible future plans. | Company | PDF p. 35 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Final tax-exempt dividend | 5 cents per share | Declared and paid during FY2025 (rate per share) | PDF p. 69 |
| Final tax-exempt dividend | 5 cents per share | Declared and paid during FY2024 (rate per share), comparative | PDF p. 69 |
| Total dividends in the year | 5 cents per share | FY2025 and FY2024 both 5 cents | PDF p. 69 |
| Proposed final dividend | a final dividend of 5 cents per share with a total estimated amount of $4,440,000 | Proposed after FY2025 year end, subject to shareholder approval at AGM | PDF p. 69 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Payout ratio | 53% | Proposed final dividend of 5 cents as % of Group net attributable profit to shareholders, FY2025 · As at 2026-03-31 | PDF p. 35 |
Extracted from SUTL Enterprise Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | RSM SG Assurance LLP | Group and Company, year ended 31 December 2025 | PDF p. 51 |
| Engagement partner | Naveen Sasidaran | Group and Company | PDF p. 51 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company, as at 31 December 2025 | PDF p. 48 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Key audit matters | We have determined that there are no key audit matters to communicate in our report. | Group | PDF p. 49 |
Extracted from SUTL Enterprise Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow SUTL Enterprise Limited Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Primary monetary amounts are Singapore dollars thousands; EPS is Singapore cents. Group income/comprehensive income/cashflow and Group/Company financial position/equity are disclosed. No separate Company income/comprehensive income/cashflow statement is provided. Group equity separately preserves parent subtotal, NCI and all components.
Current five-year highlights spanFY2021–FY2025; primary original comparisons spanFY2020–FY2025. Highlights and primary statements useSGDthousands; NAV/EPS/dividend rates useSingaporecents; EPSdenominators are full share counts.
Paid dividends are4,434SGDthousand in each reported year; the proposed final dividend is5Singaporecents with estimated fullSGD4,440,000. The proposal remains a separately labelled annual-report disclosure, not current approval status.
Basic and diluted EPS retain different full share denominators and the effect of share options. Cash and cash equivalents retain the source’s inclusion of non-pledged fixed deposits with90–365dayterms; no invented restriction/maturity adjustment is applied.
Loans from NCI reconcile4,036+0+158=4,194 inFY2025 and5,067−1,611+580=4,036 inFY2024; the non-cash components retain the source currency/interest explanations.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.