Vibrant Group BIP

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Financials

ANNUAL REPORT 2026

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29 tables

Group and Company financial position — FY2026 source

38 metrics

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Group and Company financial position — FY2026 source from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Non-Current
Property, plant and equipmentSingapore dollars thousands	74,566	80,896	308	351	PDF p. 50
ASSETS
Right-of-use assetsSingapore dollars thousands	32,975	38,554	–	–	PDF p. 50
Investment propertiesSingapore dollars thousands	135,804	132,667	–	–	PDF p. 50
SubsidiariesSingapore dollars thousands	–	–	58,436	58,575	PDF p. 50
AssociatesSingapore dollars thousands	61,398	58,522	5,897	4,850	PDF p. 50
Other investmentsSingapore dollars thousands	416	416	291	291	PDF p. 50
Deferred tax assetsSingapore dollars thousands	108	103	–	–	PDF p. 50
Trade and other receivablesSingapore dollars thousands	16,747	15,939	188,763	193,569	PDF p. 50
SubtotalSingapore dollars thousands	322,014	327,097	253,695	257,636	PDF p. 50
Current
Other investmentsSingapore dollars thousands	3,325	3,597	1,004	1,612	PDF p. 50
ASSETS
InventoriesSingapore dollars thousands	87	90	–	–	PDF p. 50
Trade and other receivablesSingapore dollars thousands	69,119	60,087	10,741	8,253	PDF p. 50
Cash and bank balancesSingapore dollars thousands	58,313	59,626	1,163	2,104	PDF p. 50
SubtotalSingapore dollars thousands	130,844	123,400	12,908	11,969	PDF p. 50
Assets held-for-saleSingapore dollars thousands	–	10,433	–	–	PDF p. 50
SubtotalSingapore dollars thousands	130,844	133,833	12,908	11,969	PDF p. 50
Total assetsSingapore dollars thousands	452,858	460,930	266,603	269,605	PDF p. 50
Capital and Reserves
Share capitalSingapore dollars thousands	174,337	174,337	174,337	174,337	PDF p. 50
ReservesSingapore dollars thousands	67,563	53,533	29,395	24,936	PDF p. 50
Equity attributable to owners of the CompanySingapore dollars thousands	241,900	227,870	203,732	199,273	PDF p. 50 Label p. 50
Non-controlling interestsSingapore dollars thousands	8,668	7,166	–	–	PDF p. 50
Total equitySingapore dollars thousands	250,568	235,036	203,732	199,273	PDF p. 50
Non-Current
Deferred tax liabilitiesSingapore dollars thousands	8,713	9,465	–	–	PDF p. 50
LIABILITIES
Loans and borrowingsSingapore dollars thousands	35,134	27,003	–	–	PDF p. 50
Lease liabilitiesSingapore dollars thousands	36,248	51,408	–	–	PDF p. 50
Trade and other payablesSingapore dollars thousands	18,893	18,183	37,316	41,551	PDF p. 50
ProvisionsSingapore dollars thousands	1,943	1,890	–	–	PDF p. 50
SubtotalSingapore dollars thousands	100,931	107,949	37,316	41,551	PDF p. 50
Current
Loans and borrowingsSingapore dollars thousands	29,108	43,186	20,000	18,700	PDF p. 50
LIABILITIES
Lease liabilitiesSingapore dollars thousands	19,188	17,222	–	–	PDF p. 50
Trade and other payablesSingapore dollars thousands	46,126	47,817	5,134	9,434	PDF p. 50
ProvisionsSingapore dollars thousands	104	104	–	–	PDF p. 50
Current tax payableSingapore dollars thousands	6,833	6,272	421	647	PDF p. 50
SubtotalSingapore dollars thousands	101,359	114,601	25,555	28,781	PDF p. 50
Liabilities directly associated with the assets held-for-saleSingapore dollars thousands	–	3,344	–	–	PDF p. 50 Label p. 50
SubtotalSingapore dollars thousands	101,359	117,945	25,555	28,781	PDF p. 50
Total liabilitiesSingapore dollars thousands	202,290	225,894	62,871	70,332	PDF p. 50
Total equity and liabilitiesSingapore dollars thousands	452,858	460,930	266,603	269,605	PDF p. 50

Definitions & sources

Original report: PDF p. 50 ↗

Group comprehensive income — FY2026 source

33 metrics

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Group comprehensive income — FY2026 source from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Group comprehensive income — FY2026 source
RevenueSingapore dollars thousands	138,585	149,866	PDF p. 51
Cost of salesSingapore dollars thousands	(95,861)	(102,473)	PDF p. 51
Gross profitSingapore dollars thousands	42,724	47,393	PDF p. 51
Other incomeSingapore dollars thousands	10,777	6,086	PDF p. 51
Administrative expensesSingapore dollars thousands	(32,444)	(32,883)	PDF p. 51
Impairment loss (recognised)/reversed on trade and other receivablesSingapore dollars thousands	(190)	32	PDF p. 51
Impairment loss on property, plant and equipmentSingapore dollars thousands	(531)	–	PDF p. 51
Other operating expensesSingapore dollars thousands	(5,296)	(2,885)	PDF p. 51
Profit from operationsSingapore dollars thousands	15,040	17,743	PDF p. 51
Finance incomeSingapore dollars thousands	3,424	3,142	PDF p. 51
Finance costsSingapore dollars thousands	(6,211)	(8,021)	PDF p. 51
Net finance costsSingapore dollars thousands	(2,787)	(4,879)	PDF p. 51
Impairment loss reversed on investments in associatesSingapore dollars thousands	2,614	339	PDF p. 51
Share of results of associates (net of income tax)Singapore dollars thousands	1,330	40	PDF p. 51
Profit before taxationSingapore dollars thousands	16,197	13,243	PDF p. 51
Tax expenseSingapore dollars thousands	(1,052)	(2,221)	PDF p. 51
Profit for the yearSingapore dollars thousands	15,145	11,022	PDF p. 51
Items that will not be reclassified to profit or loss:
Foreign currency translation differences for foreign operationsSingapore dollars thousands	1,781	(769)	PDF p. 51
Defined benefit plan remeasurementsSingapore dollars thousands	(2)	(11)	PDF p. 51
SubtotalSingapore dollars thousands	1,779	(780)	PDF p. 51
to profit or loss:
Foreign currency translation differences for foreign operationsSingapore dollars thousands	1,769	(1,042)	PDF p. 51
Items that are or may be reclassified subsequently
Share of reserves of associatesSingapore dollars thousands	450	1,002	PDF p. 51
Defined benefit plan remeasurementsSingapore dollars thousands	(2)	(10)	PDF p. 51
SubtotalSingapore dollars thousands	2,217	(50)	PDF p. 51
Other comprehensive income/(loss), at nil taxSingapore dollars thousands	3,996	(830)	PDF p. 51
Total comprehensive income for the yearSingapore dollars thousands	19,141	10,192	PDF p. 51
Profit/(loss) for the year attributable to:
– Owners of the CompanySingapore dollars thousands	15,422	7,692	PDF p. 51
Items that are or may be reclassified subsequently
– Non-controlling interestsSingapore dollars thousands	(277)	3,330	PDF p. 51
SubtotalSingapore dollars thousands	15,145	11,022	PDF p. 51
Total comprehensive profit for the year attributable to:
– Owners of the CompanySingapore dollars thousands	17,639	7,642	PDF p. 51
– Non-controlling interestsSingapore dollars thousands	1,502	2,550	PDF p. 51
SubtotalSingapore dollars thousands	19,141	10,192	PDF p. 51
Earnings per share
Diluted and basic earnings per share (cents)Singapore cents per share	2.28	1.13	PDF p. 51

Definitions & sources

Original report: PDF p. 51 ↗

Group changes in equity — FY2026 source / ending 2026

12 metrics

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Group changes in equity — FY2026 source / ending 2026 from ANNUAL REPORT 2026
Metric / unit	2026GroupShare capital	2026GroupTreasury shares	2026GroupCapital reserve	2026GroupForeign currency translation reserve	2026GroupOther reserves	2026GroupRetained earnings	2026GroupTotal attributable to owners of Company	2026GroupNon-controlling interests	2026GroupTotal equity	Source
The Group
Balance at 1 May 2025Singapore dollars thousands	174,337	(2,792)	7,421	(4,959)	10	53,853	227,870	7,166	235,036	PDF p. 52
Total comprehensive income for the year
Profit/(loss) for the yearSingapore dollars thousands	–	–	–	–	–	15,422	15,422	(277)	15,145	PDF p. 52
Other comprehensive income
Translation differencesSingapore dollars thousands	–	–	–	1,769	–	–	1,769	1,781	3,550	PDF p. 52
Total comprehensive income for the year
Share of reserves of associates (Note 8)Singapore dollars thousands	–	–	–	571	(121)	–	450	–	450	PDF p. 52
Defined benefit plan remeasurementsSingapore dollars thousands	–	–	–	–	–	(2)	(2)	(2)	(4)	PDF p. 52
Total other comprehensive income/(loss)Singapore dollars thousands	–	–	–	2,340	(121)	(2)	2,217	1,779	3,996	PDF p. 52
Total comprehensive income/(loss)
Total comprehensive income/(loss) for the yearSingapore dollars thousands	–	–	–	2,340	(121)	15,420	17,639	1,502	19,141	PDF p. 52 Label p. 52
recognised directly in equity
Dividends to owners (Note 14)Singapore dollars thousands	–	–	–	–	–	(2,714)	(2,714)	–	(2,714)	PDF p. 52
Total comprehensive income/(loss)
Share of reserves of associates (Note 8)Singapore dollars thousands	–	–	–	–	–	(36)	(36)	–	(36)	PDF p. 52
Purchase of treasury sharesSingapore dollars thousands	–	(859)	–	–	–	–	(859)	–	(859)	PDF p. 52
Total contributions by and distributions to owners of the CompanySingapore dollars thousands	–	(859)	–	–	–	(2,750)	(3,609)	–	(3,609)	PDF p. 52 Label p. 52
At 30 April 2026Singapore dollars thousands	174,337	(3,651)	7,421	(2,619)	(111)	66,523	241,900	8,668	250,568	PDF p. 52

Definitions & sources

Original report: PDF p. 52 ↗

Year validated against closing balance caption At 30 April 2026

Group changes in equity — FY2026 source / ending 2025

11 metrics

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Group changes in equity — FY2026 source / ending 2025 from ANNUAL REPORT 2026
Metric / unit	2025GroupShare capital	2025GroupTreasury shares	2025GroupCapital reserve	2025GroupForeign currency translation reserve	2025GroupOther reserves	2025GroupRetained earnings	2025GroupTotal attributable to owners of Company	2025GroupNon-controlling interests	2025GroupTotal equity	Source
The Group
Balance at 1 May 2024Singapore dollars thousands	174,337	(2,531)	7,475	(4,872)	(91)	47,535	221,853	4,616	226,469	PDF p. 53
Total comprehensive income for the year
Profit for the yearSingapore dollars thousands	–	–	–	–	–	7,692	7,692	3,330	11,022	PDF p. 53
Other comprehensive income
Translation differencesSingapore dollars thousands	–	–	–	(1,042)	–	–	(1,042)	(769)	(1,811)	PDF p. 53
Total comprehensive income for the year
Share of reserves of associates (Note 8)Singapore dollars thousands	–	–	(54)	955	101	–	1,002	–	1,002	PDF p. 53
Defined benefit plan remeasurementsSingapore dollars thousands	–	–	–	–	–	(10)	(10)	(11)	(21)	PDF p. 53
Total other comprehensive (loss)/incomeSingapore dollars thousands	–	–	(54)	(87)	101	(10)	(50)	(780)	(830)	PDF p. 53
Total comprehensive (loss)/income for
Total comprehensive (loss)/income for the yearSingapore dollars thousands	–	–	(54)	(87)	101	7,682	7,642	2,550	10,192	PDF p. 53 Label p. 53
recognised directly in equity
Dividends to owners (Note 14)Singapore dollars thousands	–	–	–	–	–	(1,364)	(1,364)	–	(1,364)	PDF p. 53
Total comprehensive (loss)/income for
Purchase of treasury shareSingapore dollars thousands	–	(261)	–	–	–	–	(261)	–	(261)	PDF p. 53
Total contributions by and distributions to owners of the CompanySingapore dollars thousands	–	(261)	–	–	–	(1,364)	(1,625)	–	(1,625)	PDF p. 53 Label p. 53
At 30 April 2025Singapore dollars thousands	174,337	(2,792)	7,421	(4,959)	10	53,853	227,870	7,166	235,036	PDF p. 53

Definitions & sources

Original report: PDF p. 53 ↗

Year validated against closing balance caption At 30 April 2025

Group cash flows — FY2026 source / page 54

46 metrics

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Group cash flows — FY2026 source / page 54 from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Cash Flows from Operating Activities
Profit after taxationSingapore dollars thousands	15,145	11,022	PDF p. 54
Adjustments for:
Amortisation of intangible assetSingapore dollars thousands	–	84	PDF p. 54
Depreciation of property, plant and equipmentSingapore dollars thousands	7,361	7,594	PDF p. 54
Depreciation of right-of-use assetsSingapore dollars thousands	10,468	10,908	PDF p. 54
Dividend incomeSingapore dollars thousands	(2)	(3)	PDF p. 54
Fair value (gain)/loss on financial instruments at FVTPLSingapore dollars thousands	(52)	142	PDF p. 54
Fair value loss on investment propertiesSingapore dollars thousands	3,013	137	PDF p. 54
Finance costsSingapore dollars thousands	6,211	8,021	PDF p. 54
Finance incomeSingapore dollars thousands	(3,424)	(3,142)	PDF p. 54
Gain on acquisition of debtSingapore dollars thousands	(977)	(1,192)	PDF p. 54
Gain on disposal of equity investments at FVTPLSingapore dollars thousands	(236)	(211)	PDF p. 54
Gain on disposal/write-off of property, plant and equipmentSingapore dollars thousands	(7,136)	(82)	PDF p. 54
Gain on disposal of right-of-use assetsSingapore dollars thousands	(151)	(14)	PDF p. 54
Government grantsSingapore dollars thousands	(182)	(442)	PDF p. 54
Impairment loss on property, plant and equipmentSingapore dollars thousands	531	–	PDF p. 54
Impairment loss recognised/(reversed) on trade and other receivables, netSingapore dollars thousands	190	(32)	PDF p. 54
Impairment loss reversed on investment in associatesSingapore dollars thousands	(2,614)	(339)	PDF p. 54
Loss on disposal of shares in an associateSingapore dollars thousands	–	14	PDF p. 54
Reversal of value-added tax on bad debtsSingapore dollars thousands	–	(2,058)	PDF p. 54
Share of associates’ resultsSingapore dollars thousands	(1,330)	(40)	PDF p. 54
Tax expenseSingapore dollars thousands	1,052	2,221	PDF p. 54
Write-off of receivableSingapore dollars thousands	28	3	PDF p. 54
Operating profit before working capital changesSingapore dollars thousands	27,895	32,591	PDF p. 54
Changes in inventoriesSingapore dollars thousands	3	(9)	PDF p. 54
Changes in trade and other receivablesSingapore dollars thousands	666	3,428	PDF p. 54
Changes in trade and other payablesSingapore dollars thousands	(2,858)	(539)	PDF p. 54
Cash generated from operationsSingapore dollars thousands	25,706	35,471	PDF p. 54
Income tax paid, netSingapore dollars thousands	(1,518)	(2,491)	PDF p. 54
Government grants receivedSingapore dollars thousands	182	442	PDF p. 54
Net cash generated from operating activitiesSingapore dollars thousands	24,370	33,422	PDF p. 54
Cash Flows from Investing Activities
Acquisition of debtSingapore dollars thousands	(3,312)	(5,610)	PDF p. 54
Dividends receivedSingapore dollars thousands	1,633	1,555	PDF p. 54
Finance income receivedSingapore dollars thousands	1,357	1,523	PDF p. 54
Loan to a third partySingapore dollars thousands	(900)	–	PDF p. 54
Loan to non-controlling interestSingapore dollars thousands	(546)	–	PDF p. 54
Loans to a related partySingapore dollars thousands	(5,198)	(3,100)	PDF p. 54
Proceeds from disposal of shares in an associateSingapore dollars thousands	–	76	PDF p. 54
Proceeds from reduction in paid-up capital of an associateSingapore dollars thousands	–	34	PDF p. 54
Proceeds from sale of other investmentsSingapore dollars thousands	3,171	8,900	PDF p. 54
Proceeds from sale of property, plant and equipmentSingapore dollars thousands	13,447	192	PDF p. 54
Purchase of other investmentsSingapore dollars thousands	(2,611)	(4,130)	PDF p. 54
Purchase of property, plant and equipmentSingapore dollars thousands	(655)	(633)	PDF p. 54
Repayment of loan by an associateSingapore dollars thousands	368	900	PDF p. 54
Repayment of loans by related partiesSingapore dollars thousands	2,720	898	PDF p. 54
Shares subscription in an associateSingapore dollars thousands	(149)	(2,400)	PDF p. 54
Net cash generated from/(used in) investing activitiesSingapore dollars thousands	9,325	(1,795)	PDF p. 54

Definitions & sources

Original report: PDF p. 54 ↗

Group cash flows — FY2026 source / page 55

12 metrics

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Group cash flows — FY2026 source / page 55 from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Cash Flows from Financing Activities
Dividends paid to shareholders of the CompanySingapore dollars thousands	(2,610)	(1,312)	PDF p. 55
Finance costs paidSingapore dollars thousands	(5,348)	(6,861)	PDF p. 55
Proceeds from borrowingsSingapore dollars thousands	20,827	6,270	PDF p. 55
Purchase of treasury sharesSingapore dollars thousands	(859)	(261)	PDF p. 55
Repayment of lease liabilitiesSingapore dollars thousands	(18,460)	(17,578)	PDF p. 55
Repayment of loans and borrowingsSingapore dollars thousands	(28,331)	(11,819)	PDF p. 55
Repayment of loan to a related partySingapore dollars thousands	(150)	(100)	PDF p. 55
Net cash used in financing activitiesSingapore dollars thousands	(34,931)	(31,661)	PDF p. 55
Net decrease in cash and cash equivalentsSingapore dollars thousands	(1,236)	(34)	PDF p. 55
Cash and cash equivalents at beginning of yearSingapore dollars thousands	50,843	52,068	PDF p. 55
Effect of exchange fluctuations on cash and cash equivalentsSingapore dollars thousands	(77)	(1,191)	PDF p. 55
Cash and cash equivalents at end of yearSingapore dollars thousands	49,530	50,843	PDF p. 55

Definitions & sources

Original report: PDF p. 55 ↗

Group financial summary — FY2026 source

22 metrics

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Group financial summary — FY2026 source from ANNUAL REPORT 2026
Metric / unit	2022Group	2023Group	2024Group	2025Group	2026Group	Source
Financial summary
Revenue ($’000)Singapore dollars thousands	201,820	170,353	138,924	149,866	138,585	PDF p. 12
EBITDA ($’000)Singapore dollars thousands	43,276	35,287	28,586	36,329	32,869	PDF p. 12
Pretax profit/(loss) ($’000)Singapore dollars thousands	17,007	2,479	3,679	13,243	16,197	PDF p. 12
Net Profit ($’000)Singapore dollars thousands	9,295	175	600	7,692	15,422	PDF p. 12
EBITDA margin (%)percent	21.44	20.71	20.58	24.24	23.72	PDF p. 12
Pretax margin (%)percent	8.43	1.46	2.65	8.84	11.69	PDF p. 12
Net margin (%)percent	4.61	0.10	0.43	5.13	11.13	PDF p. 12
Cash and Cash equivalents ($’000)Singapore dollars thousands	57,078	58,174	60,851	59,626	58,313	PDF p. 12
Total assets ($’000)Singapore dollars thousands	561,497	505,997	478,042	460,930	452,858	PDF p. 12
Total debt ($’000)Singapore dollars thousands	209,264	186,786	165,926	138,819	119,678	PDF p. 12
Debt/Assets (%)percent	37.27	36.91	34.71	30.12	26.43	PDF p. 12
Current assets ($’000)Singapore dollars thousands	167,036	127,612	122,200	133,833	130,844	PDF p. 12
Current liabilities ($’000)Singapore dollars thousands	141,022	108,135	119,273	117,945	101,359	PDF p. 12
Net current assets/liabilities ($’000)Singapore dollars thousands	26,014	19,477	2,927	15,888	29,485	PDF p. 12
Shareholders’ equity ($’000)Singapore dollars thousands	235,414	224,597	221,853	227,870	241,900	PDF p. 12
Return on Assets (%)percent	1.66	0.03	0.13	1.67	3.41	PDF p. 12
Return on Equity (%)percent	3.95	0.08	0.27	3.38	6.38	PDF p. 12
Net debt: Equity (times)times	0.65	0.57	0.47	0.35	0.25	PDF p. 12
Earnings (cents) – BasicSingapore cents per share	1.34	0.03	0.09	1.13	2.28	PDF p. 12
Earnings (cents) – DilutedSingapore cents per share	1.34	0.03	0.09	1.13	2.28	PDF p. 12
Dividend (cents)Singapore cents per share	0.15	0.10	0.20	0.40	0.40	PDF p. 12
Net tangible assets (cents)Singapore cents per share	33.96	32.59	32.41	33.49	35.84	PDF p. 12

Definitions & sources

Original report: PDF p. 12 ↗

Net Profit in this summary is profit attributable to owners; ROA/ROE use end-of-year assets/equity, not an assumed annual average. Dividend forFY2026 is proposed and subject to shareholder approval.

Cash composition — Group and Company

3 metrics

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Cash composition — Group and Company from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Cash composition — Group and Company
Cash at bank and in handSingapore dollars thousands	33,741	32,471	1,163	442	PDF p. 94
Deposits with banksSingapore dollars thousands	24,572	27,155	–	1,662	PDF p. 94
Cash and bank balancesSingapore dollars thousands	58,313	59,626	1,163	2,104	PDF p. 94

Definitions & sources

Original report: PDF p. 94 ↗

Cash flow cash basis — Group only

3 metrics

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Cash flow cash basis — Group only from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Cash composition — Group and Company
Cash and bank balancesSingapore dollars thousands	58,313	59,626	PDF p. 94
Deposits pledgedSingapore dollars thousands	(8,783)	(8,783)	PDF p. 94
Cash and cash equivalents in the consolidated statement of cash flowsSingapore dollars thousands	49,530	50,843	PDF p. 94 Label p. 94

Definitions & sources

Original report: PDF p. 94 ↗

Only Group cash-flow basis is disclosed; blank Company cells on last two source rows are not zero or an invented Company cash flow. Original excluded Company cell inventories retained in evidence.

Financing liabilities reconciliation — ending 2026

15 metrics

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Financing liabilities reconciliation — ending 2026 from ANNUAL REPORT 2026
Metric / unit	2026GroupLoans and borrowings	2026GroupLease liabilities	2026GroupDeferred consideration	2026GroupAccrued interest	2026GroupNon-trade amounts due	2026GroupLoans from related parties and NCI	2026GroupLiabilities associated with assets held for sale	2026GroupTotal	Source
Financing liabilities reconciliation — ending 2026
At 1 May 2025Singapore dollars thousands	70,189	68,630	4,003	245	9,879	25,420	3,344	181,710	PDF p. 56
Cash flows:
Finance costs paidSingapore dollars thousands	–	(2,896)	–	(2,452)	–	–	–	(5,348)	PDF p. 56
Financing liabilities reconciliation — ending 2026
Proceeds from borrowingsSingapore dollars thousands	20,827	–	–	–	–	–	–	20,827	PDF p. 56
Repayment of lease liabilitiesSingapore dollars thousands	–	(18,428)	–	–	–	–	(32)	(18,460)	PDF p. 56
Repayment of loans and borrowingsSingapore dollars thousands	(27,805)	–	–	–	–	–	(526)	(28,331)	PDF p. 56
Repayment of loan from a related partySingapore dollars thousands	–	–	–	–	–	(150)	–	(150)	PDF p. 56
SubtotalSingapore dollars thousands	(6,978)	(21,324)	–	(2,452)	–	(150)	(558)	(31,462)	PDF p. 56
Non-cash changes:
Disposal of liabilities held for saleSingapore dollars thousands	–	–	–	–	–	–	(2,786)	(2,786)	PDF p. 56
Financing liabilities reconciliation — ending 2026
Early termination/end of leaseSingapore dollars thousands	–	(410)	–	–	–	–	–	(410)	PDF p. 56
Finance costs (2) (Note 22)Singapore dollars thousands	–	2,896	–	2,241	1,021	–	–	6,158	PDF p. 56
Foreign exchange differencesSingapore dollars thousands	1,031	11	–	1	372	540	–	1,955	PDF p. 56
New/remeasurement of leases, net (Note 5)Singapore dollars thousands	–	5,633	–	–	–	–	–	5,633	PDF p. 56 Label p. 56
OthersSingapore dollars thousands	–	–	–	13	–	–	–	13	PDF p. 56
SubtotalSingapore dollars thousands	1,031	8,130	–	2,255	1,393	540	(2,786)	10,563	PDF p. 56
At 30 April 2026Singapore dollars thousands	64,242	55,436	4,003	48	11,272	25,810	–	160,811	PDF p. 56

Definitions & sources

Original report: PDF p. 56 ↗

Financing liabilities reconciliation — ending 2025

15 metrics

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Financing liabilities reconciliation — ending 2025 from ANNUAL REPORT 2026
Metric / unit	2025GroupLoans and borrowings	2025GroupLease liabilities	2025GroupDeferred consideration	2025GroupAccrued interest	2025GroupNon-trade amounts due	2025GroupLoans from related parties and NCI	2025GroupLiabilities associated with assets held for sale	2025GroupTotal	Source
Financing liabilities reconciliation — ending 2025
At 1 May 2024Singapore dollars thousands	77,539	88,387	4,003	198	9,264	26,497	–	205,888	PDF p. 57
Cash flows:
Finance costs paidSingapore dollars thousands	–	(3,692)	–	(3,169)	–	–	–	(6,861)	PDF p. 57
Financing liabilities reconciliation — ending 2025
Proceeds from borrowingsSingapore dollars thousands	6,270	–	–	–	–	–	–	6,270	PDF p. 57
Repayment of lease liabilitiesSingapore dollars thousands	–	(17,564)	–	–	–	–	(14)	(17,578)	PDF p. 57
Repayment of loans and borrowingsSingapore dollars thousands	(11,669)	–	–	–	–	–	(150)	(11,819)	PDF p. 57
Repayment of loan from a related partySingapore dollars thousands	–	–	–	–	–	(100)	–	(100)	PDF p. 57
SubtotalSingapore dollars thousands	(5,399)	(21,256)	–	(3,169)	–	(100)	(164)	(30,088)	PDF p. 57
Non-cash changes:
Early termination/end of leaseSingapore dollars thousands	–	(85)	–	–	–	–	–	(85)	PDF p. 57
Financing liabilities reconciliation — ending 2025
Finance costs (2) (Note 22)Singapore dollars thousands	–	3,695	–	3,235	1,036	–	–	7,966	PDF p. 57
Foreign exchange differencesSingapore dollars thousands	(1,274)	29	–	(1)	(421)	(977)	–	(2,644)	PDF p. 57
New/remeasurement of leases, net (Note 5)Singapore dollars thousands	–	559	–	–	–	–	–	559	PDF p. 57 Label p. 57
Reclassification to liabilities associated with assets held for saleSingapore dollars thousands	(677)	(2,696)	–	–	–	–	3,504	131	PDF p. 57 Label p. 57
OthersSingapore dollars thousands	–	(3)	–	(18)	–	–	4	(17)	PDF p. 57
SubtotalSingapore dollars thousands	(1,951)	1,499	–	3,216	615	(977)	3,508	5,910	PDF p. 57
At 30 April 2025Singapore dollars thousands	70,189	68,630	4,003	245	9,879	25,420	3,344	181,710	PDF p. 57

Definitions & sources

Original report: PDF p. 57 ↗

Bank loan composition — Group and Company

8 metrics

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Bank loan composition — Group and Company from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Non-current liabilities
Floating rate bank loans, securedSingapore dollars thousands	35,024	26,248	–	–	PDF p. 97
Fixed rate bank loans: – unsecuredSingapore dollars thousands	110	755	–	–	PDF p. 97 Label p. 97
SubtotalSingapore dollars thousands	35,134	27,003	–	–	PDF p. 97
Current liabilities
Floating rate bank loans, securedSingapore dollars thousands	3,844	5,160	–	–	PDF p. 97
Fixed rate bank loans: – securedSingapore dollars thousands	22,620	33,320	20,000	18,700	PDF p. 97 Label p. 97
– unsecuredSingapore dollars thousands	2,644	4,706	–	–	PDF p. 97
SubtotalSingapore dollars thousands	29,108	43,186	20,000	18,700	PDF p. 97
SubtotalSingapore dollars thousands	64,242	70,189	20,000	18,700	PDF p. 97

Definitions & sources

Original report: PDF p. 97 ↗

Reserve composition — Group and Company

6 metrics

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Reserve composition — Group and Company from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Reserve composition — Group and Company
Treasury sharesSingapore dollars thousands	(3,651)	(2,792)	(3,651)	(2,792)	PDF p. 96
Capital reserveSingapore dollars thousands	7,421	7,421	–	–	PDF p. 96
Foreign currency translation reserveSingapore dollars thousands	(2,619)	(4,959)	–	–	PDF p. 96
Other reservesSingapore dollars thousands	(111)	10	–	–	PDF p. 96
Retained earningsSingapore dollars thousands	66,523	53,853	33,046	27,728	PDF p. 96
SubtotalSingapore dollars thousands	67,563	53,533	29,395	24,936	PDF p. 96

Definitions & sources

Original report: PDF p. 96 ↗

EPS denominator and owners profit

5 metrics

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EPS denominator and owners profit from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
EPS calculation, weighted average shares per original footnote
Profit for the year attributable to owners of the Company ($’000)Singapore dollars thousands	15,422	7,692	PDF p. 106
Number of ordinary shares in issue (’000)ordinary shares thousands	697,952	697,952	PDF p. 106
Effect of own shares held (’000)ordinary shares thousands	(20,239)	(16,264)	PDF p. 106
Number of ordinary shares in issue (excluding own shares held)* (’000)ordinary shares thousands	677,713	681,688	PDF p. 106
Net profit attributable to ordinary shareholders ($’000)Singapore dollars thousands	15,422	7,692	PDF p. 106

Definitions & sources

Original report: PDF p. 106 ↗

Capital management net debt basis — FY2026 source

6 metrics

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Capital management net debt basis — FY2026 source from ANNUAL REPORT 2026
Metric / unit	2026Group	2025Group	Source
Capital management net debt basis — FY2026 source
Loans and borrowings (Note 16)Singapore dollars thousands	64,242	70,189	PDF p. 96
Lease liabilities (Note 17)Singapore dollars thousands	55,436	68,630	PDF p. 96
Less: Cash and bank balances (Note 12)Singapore dollars thousands	(58,313)	(59,626)	PDF p. 96
Net debt (A)Singapore dollars thousands	61,365	79,193	PDF p. 96
Equity attributable to owners of the Company (B)Singapore dollars thousands	241,900	227,870	PDF p. 96
Net debt-to-equity ratio (times) (A)/(B)times	0.25	0.35	PDF p. 96

Definitions & sources

Original report: PDF p. 96 ↗

Dividend accrual within other payables

1 metrics

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Dividend accrual within other payables from ANNUAL REPORT 2026
Metric / unit	2026Group/Company Note18(k); footnote does not give separate entity columns	2025Group/Company Note18(k); footnote does not give separate entity columns	Source
Dividend accrual rounded to0.1million in Note18(k)
Other payables include an accrual of dividendSingapore dollars million	0.7	0.6	PDF p. 100

Definitions & sources

Original report: PDF p. 100 ↗

Balances are source-rounded to0.1million; they do not establish an exact cash/declared reconciliation.

Group and Company financial position — FY2024 source

35 metrics

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Group and Company financial position — FY2024 source from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	2024Company	2023Company	Source
Non-Current
Property, plant and equipmentSingapore dollars thousands	95,692	103,027	73	110	PDF p. 54
ASSETS
Right-of-use assetsSingapore dollars thousands	51,769	61,954	–	–	PDF p. 54
Intangible assetsSingapore dollars thousands	83	166	13	27	PDF p. 54
Investment propertiesSingapore dollars thousands	134,046	138,370	–	–	PDF p. 54
SubsidiariesSingapore dollars thousands	–	–	59,112	59,112	PDF p. 54
AssociatesSingapore dollars thousands	56,416	55,722	3,527	953	PDF p. 54
Other investmentsSingapore dollars thousands	117	123	–	–	PDF p. 54
Deferred tax assetsSingapore dollars thousands	82	859	–	–	PDF p. 54
Trade and other receivablesSingapore dollars thousands	17,637	18,164	178,900	205,416	PDF p. 54
SubtotalSingapore dollars thousands	355,842	378,385	241,625	265,618	PDF p. 54
Current
Other investmentsSingapore dollars thousands	8,589	17,260	7,785	16,037	PDF p. 54
ASSETS
InventoriesSingapore dollars thousands	81	71	–	–	PDF p. 54
Trade and other receivablesSingapore dollars thousands	52,679	52,107	5,775	3,436	PDF p. 54
Cash and bank balancesSingapore dollars thousands	60,851	58,174	2,522	1,028	PDF p. 54
SubtotalSingapore dollars thousands	122,200	127,612	16,082	20,501	PDF p. 54
Total assetsSingapore dollars thousands	478,042	505,997	257,707	286,119	PDF p. 54
Capital and Reserves
Share capitalSingapore dollars thousands	174,337	174,337	174,337	174,337	PDF p. 54
ReservesSingapore dollars thousands	47,516	50,260	10,782	39,116	PDF p. 54
Equity attributable to owners of the CompanySingapore dollars thousands	221,853	224,597	185,119	213,453	PDF p. 54 Label p. 54
Non-controlling interestsSingapore dollars thousands	4,616	4,794	–	–	PDF p. 54
Total equitySingapore dollars thousands	226,469	229,391	185,119	213,453	PDF p. 54
Non-Current
Deferred tax liabilitiesSingapore dollars thousands	10,024	11,237	–	–	PDF p. 54
LIABILITIES
Loans and borrowingsSingapore dollars thousands	30,656	48,799	–	–	PDF p. 54
Lease liabilitiesSingapore dollars thousands	70,882	87,371	–	–	PDF p. 54
Trade and other payablesSingapore dollars thousands	18,768	19,148	45,722	45,164	PDF p. 54
ProvisionsSingapore dollars thousands	1,970	1,916	–	–	PDF p. 54
SubtotalSingapore dollars thousands	132,300	168,471	45,722	45,164	PDF p. 54
Current
Loans and borrowingsSingapore dollars thousands	46,883	40,905	16,800	19,300	PDF p. 54
LIABILITIES
Lease liabilitiesSingapore dollars thousands	17,505	9,711	–	–	PDF p. 54
Trade and other payablesSingapore dollars thousands	48,414	50,064	9,533	7,715	PDF p. 54
ProvisionsSingapore dollars thousands	104	104	–	–	PDF p. 54
Current tax payableSingapore dollars thousands	6,367	7,351	533	487	PDF p. 54
SubtotalSingapore dollars thousands	119,273	108,135	26,866	27,502	PDF p. 54
Total liabilitiesSingapore dollars thousands	251,573	276,606	72,588	72,666	PDF p. 54
Total equity and liabilitiesSingapore dollars thousands	478,042	505,997	257,707	286,119	PDF p. 54

Definitions & sources

Original report: PDF p. 54 ↗

Group comprehensive income — FY2024 source

32 metrics

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Group comprehensive income — FY2024 source from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	Source
Group comprehensive income — FY2024 source
RevenueSingapore dollars thousands	138,924	170,353	PDF p. 55
Cost of salesSingapore dollars thousands	(91,977)	(112,970)	PDF p. 55
Gross profitSingapore dollars thousands	46,947	57,383	PDF p. 55
Other incomeSingapore dollars thousands	1,676	1,629	PDF p. 55
Administrative expensesSingapore dollars thousands	(31,842)	(31,496)	PDF p. 55
Impairment loss reversed/(recognised) on trade and other receivablesSingapore dollars thousands	401	(2,255)	PDF p. 55
Other operating expensesSingapore dollars thousands	(7,626)	(10,115)	PDF p. 55
Profit from operationsSingapore dollars thousands	9,556	15,146	PDF p. 55
Finance incomeSingapore dollars thousands	2,516	1,816	PDF p. 55
Finance costsSingapore dollars thousands	(9,167)	(9,607)	PDF p. 55
Net finance costsSingapore dollars thousands	(6,651)	(7,791)	PDF p. 55
Impairment loss reversed/(recognised) on investments in associates 8,Singapore dollars thousands	2,455	(2,598)	PDF p. 55
Share of results of associates (net of income tax)Singapore dollars thousands	(1,681)	(2,278)	PDF p. 55
Profit before taxationSingapore dollars thousands	3,679	2,479	PDF p. 55
Tax expenseSingapore dollars thousands	(1,956)	(1,897)	PDF p. 55
Profit for the yearSingapore dollars thousands	1,723	582	PDF p. 55
Items that will not be reclassified to profit or loss:
Foreign currency translation differences for foreign operationsSingapore dollars thousands	(1,305)	(2,114)	PDF p. 55
Defined benefit plan remeasurementsSingapore dollars thousands	4	(26)	PDF p. 55
SubtotalSingapore dollars thousands	(1,301)	(2,140)	PDF p. 55
Items that are or may be reclassified subsequently to profit or loss:
Foreign currency translation differences for foreign operationsSingapore dollars thousands	(1,243)	(2,284)	PDF p. 55
Share of reserves of associatesSingapore dollars thousands	(1,169)	(1,290)	PDF p. 55
Defined benefit plan remeasurementsSingapore dollars thousands	4	(25)	PDF p. 55
SubtotalSingapore dollars thousands	(2,408)	(3,599)	PDF p. 55
Other comprehensive loss, at nil taxSingapore dollars thousands	(3,709)	(5,739)	PDF p. 55
Total comprehensive loss for the yearSingapore dollars thousands	(1,986)	(5,157)	PDF p. 55
Profit for the year attributable to:
– Owners of the CompanySingapore dollars thousands	600	175	PDF p. 55
Items that are or may be reclassified subsequently to profit or loss:
– Non-controlling interestsSingapore dollars thousands	1,123	407	PDF p. 55
SubtotalSingapore dollars thousands	1,723	582	PDF p. 55
Total comprehensive loss for the year attributable to:
– Owners of the CompanySingapore dollars thousands	(1,808)	(3,424)	PDF p. 55
– Non-controlling interestsSingapore dollars thousands	(178)	(1,733)	PDF p. 55
SubtotalSingapore dollars thousands	(1,986)	(5,157)	PDF p. 55
Earnings per share
Diluted and basic earnings per share (cents)Singapore cents per share	0.09	0.03	PDF p. 55

Definitions & sources

Original report: PDF p. 55 ↗

Group changes in equity — FY2024 source / ending 2024

11 metrics

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Group changes in equity — FY2024 source / ending 2024 from ANNUAL REPORT 2026
Metric / unit	2024GroupShare capital	2024GroupTreasury shares	2024GroupCapital reserve	2024GroupForeign currency translation reserve	2024GroupOther reserves	2024GroupRetained earnings	2024GroupTotal attributable to owners of Company	2024GroupNon-controlling interests	2024GroupTotal equity	Source
The Group
Balance at 1 May 2023Singapore dollars thousands	174,337	(2,284)	7,475	(2,573)	22	47,620	224,597	4,794	229,391	PDF p. 56
Total comprehensive income
Profit for the yearSingapore dollars thousands	–	–	–	–	–	600	600	1,123	1,723	PDF p. 56
Other comprehensive income
Translation differencesSingapore dollars thousands	–	–	–	(1,243)	–	–	(1,243)	(1,305)	(2,548)	PDF p. 56
Total comprehensive income
Share of reserves of associatesSingapore dollars thousands	–	–	–	(1,056)	(113)	–	(1,169)	–	(1,169)	PDF p. 56
Defined benefit plan remeasurementsSingapore dollars thousands	–	–	–	–	–	4	4	4	8	PDF p. 56
Total other comprehensive incomeSingapore dollars thousands	–	–	–	(2,299)	(113)	4	(2,408)	(1,301)	(3,709)	PDF p. 56
Total comprehensive (loss)/income
Total comprehensive (loss)/income for the yearSingapore dollars thousands	–	–	–	(2,299)	(113)	604	(1,808)	(178)	(1,986)	PDF p. 56 Label p. 56
Dividends to owners (Note 13)Singapore dollars thousands	–	–	–	–	–	(689)	(689)	–	(689)	PDF p. 56
Purchase of treasury shareSingapore dollars thousands	–	(247)	–	–	–	–	(247)	–	(247)	PDF p. 56
Total comprehensive (loss)/income distributions to owners
Total contributions by and distributions to owners of the CompanySingapore dollars thousands	–	(247)	–	–	–	(689)	(936)	–	(936)	PDF p. 56 Label p. 56
At 30 April 2024Singapore dollars thousands	174,337	(2,531)	7,475	(4,872)	(91)	47,535	221,853	4,616	226,469	PDF p. 56

Definitions & sources

Original report: PDF p. 56 ↗

Year validated against closing balance caption At 30 April 2024

Group changes in equity — FY2024 source / ending 2023

16 metrics

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Group changes in equity — FY2024 source / ending 2023 from ANNUAL REPORT 2026
Metric / unit	2023GroupShare capital	2023GroupTreasury shares	2023GroupCapital reserve	2023GroupForeign currency translation reserve	2023GroupOther reserves	2023GroupRetained earnings	2023GroupTotal attributable to owners of Company	2023GroupNon-controlling interests	2023GroupTotal equity	Source
The Group
Balance at 1 May 2022Singapore dollars thousands	174,337	(1,980)	13,525	958	65	48,509	235,414	7,285	242,699	PDF p. 57
Total comprehensive income
Profit for the yearSingapore dollars thousands	–	–	–	–	–	175	175	407	582	PDF p. 57
Other comprehensive income
Translation differencesSingapore dollars thousands	–	–	–	(2,284)	–	–	(2,284)	(2,114)	(4,398)	PDF p. 57
Total comprehensive income
Share of reserves of associatesSingapore dollars thousands	–	–	–	(1,247)	(43)	–	(1,290)	–	(1,290)	PDF p. 57
Defined benefit plan remeasurementsSingapore dollars thousands	–	–	–	–	–	(25)	(25)	(26)	(51)	PDF p. 57
Total other comprehensive incomeSingapore dollars thousands	–	–	–	(3,531)	(43)	(25)	(3,599)	(2,140)	(5,739)	PDF p. 57
Total comprehensive (loss)/income
Total comprehensive (loss)/income for the yearSingapore dollars thousands	–	–	–	(3,531)	(43)	150	(3,424)	(1,733)	(5,157)	PDF p. 57 Label p. 57
Dividends to owners (Note 13)Singapore dollars thousands	–	–	–	–	–	(1,039)	(1,039)	–	(1,039)	PDF p. 57
Purchase of treasury shareSingapore dollars thousands	–	(304)	–	–	–	–	(304)	–	(304)	PDF p. 57
Total comprehensive (loss)/income distributions to owners
Total contributions by and distributions to owners of the CompanySingapore dollars thousands	–	(304)	–	–	–	(1,039)	(1,343)	–	(1,343)	PDF p. 57 Label p. 57
Acquisition of non-controlling interest without a change in control (Note 7B)Singapore dollars thousands	–	–	(6,034)	–	–	–	(6,034)	(59)	(6,093)	PDF p. 57 Label p. 57
Disposal of interest in a subsidiary without loss of controlSingapore dollars thousands	–	–	–	–	–	–	–	20	20	PDF p. 57 Label p. 57
Deregistration of a subsidiarySingapore dollars thousands	–	–	(16)	–	–	–	(16)	(719)	(735)	PDF p. 57
Total changes in ownership interest in subsidiariesSingapore dollars thousands	–	–	(6,050)	–	–	–	(6,050)	(758)	(6,808)	PDF p. 57 Label p. 57
Total transactions with owners of the CompanySingapore dollars thousands	–	(304)	(6,050)	–	–	(1,039)	(7,393)	(758)	(8,151)	PDF p. 57 Label p. 57
At 30 April 2023Singapore dollars thousands	174,337	(2,284)	7,475	(2,573)	22	47,620	224,597	4,794	229,391	PDF p. 57

Definitions & sources

Original report: PDF p. 57 ↗

Year validated against closing balance caption At 30 April 2023

Group cash flows — FY2024 source / page 58

41 metrics

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Group cash flows — FY2024 source / page 58 from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	Source
Cash Flows from Operating Activities
Profit after taxationSingapore dollars thousands	1,723	582	PDF p. 58
Adjustments for:
Amortisation of intangible assetSingapore dollars thousands	82	83	PDF p. 58
Depreciation of property, plant and equipmentSingapore dollars thousands	7,647	7,948	PDF p. 58
Depreciation of right-of-use assetsSingapore dollars thousands	11,301	12,110	PDF p. 58
Dividend incomeSingapore dollars thousands	(3)	(3)	PDF p. 58
Fair value gain on investment properties 6,Singapore dollars thousands	(329)	(419)	PDF p. 58
Fair value loss on financial instruments at FVTPLSingapore dollars thousands	3,212	1,798	PDF p. 58
Finance costsSingapore dollars thousands	9,167	9,607	PDF p. 58
Finance incomeSingapore dollars thousands	(2,516)	(1,816)	PDF p. 58
Gain on disposal of equity investmentsSingapore dollars thousands	(114)	(44)	PDF p. 58
Gain on disposal/write-off of property, plant and equipmentSingapore dollars thousands	(24)	(120)	PDF p. 58
Gain on waiver of amount due to non-controlling interestsSingapore dollars thousands	–	(165)	PDF p. 58
Government grantsSingapore dollars thousands	(400)	(247)	PDF p. 58
Impairment loss (reversed)/recognised on investment in associates 8,Singapore dollars thousands	(2,455)	2,598	PDF p. 58
Loss on deregistration of a subsidiarySingapore dollars thousands	–	14	PDF p. 58
Impairment loss (reversed)/recognised on trade and other receivables, netSingapore dollars thousands	(401)	2,255	PDF p. 58
Share of associates’ resultsSingapore dollars thousands	1,681	2,278	PDF p. 58
Tax expenseSingapore dollars thousands	1,956	1,897	PDF p. 58
Operating profit before working capital changesSingapore dollars thousands	30,527	38,356	PDF p. 58
Changes in inventoriesSingapore dollars thousands	(10)	6	PDF p. 58
Changes in trade and other receivablesSingapore dollars thousands	4,827	21,906	PDF p. 58
Changes in trade and other payablesSingapore dollars thousands	(1,717)	(8,618)	PDF p. 58
Changes in provisionsSingapore dollars thousands	–	(37)	PDF p. 58
Cash generated from operationsSingapore dollars thousands	33,627	51,613	PDF p. 58
Income tax paid, netSingapore dollars thousands	(2,965)	(2,514)	PDF p. 58
Government grants receivedSingapore dollars thousands	400	323	PDF p. 58
Net cash generated from operating activitiesSingapore dollars thousands	31,062	49,422	PDF p. 58
Cash Flows from Investing Activities
Cash contribution to an associateSingapore dollars thousands	(2,407)	–	PDF p. 58
Cash contribution received from non-controlling interestsSingapore dollars thousands	–	20	PDF p. 58
Dividends receivedSingapore dollars thousands	1,299	1,738	PDF p. 58
Finance income receivedSingapore dollars thousands	810	190	PDF p. 58
Loan to an associateSingapore dollars thousands	(400)	–	PDF p. 58
Loans to related partiesSingapore dollars thousands	(3,250)	(2,880)	PDF p. 58
Cash distribution to non-controlling interest on deregistration of a subsidiarySingapore dollars thousands	–	(703)	PDF p. 58
Proceeds from reduction in paid-up capital of an associateSingapore dollars thousands	22	434	PDF p. 58
Proceeds from sale of other investmentsSingapore dollars thousands	6,486	1,974	PDF p. 58
Proceeds from sale of property, plant and equipmentSingapore dollars thousands	55	332	PDF p. 58
Purchase of other investmentsSingapore dollars thousands	(913)	(354)	PDF p. 58
Purchase of property, plant and equipmentSingapore dollars thousands	(526)	(4,645)	PDF p. 58
Repayment of loans by related partiesSingapore dollars thousands	1,149	–	PDF p. 58
Net cash generated from/(used in) investing activitiesSingapore dollars thousands	2,325	(3,894)	PDF p. 58

Definitions & sources

Original report: PDF p. 58 ↗

Group cash flows — FY2024 source / page 59

12 metrics

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Group cash flows — FY2024 source / page 59 from ANNUAL REPORT 2026
Metric / unit	2024Group	2023Group	Source
Cash Flows from Financing Activities
Payment of deferred consideration in respect of the acquisition of non-controlling interests in subsidiariesSingapore dollars thousands	(287)	(2,000)	PDF p. 59 Label p. 59
Dividends paid to shareholders of the CompanySingapore dollars thousands	(663)	(1,000)	PDF p. 59
Finance costs paidSingapore dollars thousands	(8,253)	(8,306)	PDF p. 59
Proceeds from borrowingsSingapore dollars thousands	2,500	3,000	PDF p. 59
Purchase of treasury sharesSingapore dollars thousands	(233)	(304)	PDF p. 59
Repayment of loans and borrowingsSingapore dollars thousands	(13,831)	(14,240)	PDF p. 59
Repayment of lease liabilitiesSingapore dollars thousands	(9,822)	(17,696)	PDF p. 59
Net cash used in financing activitiesSingapore dollars thousands	(30,589)	(40,546)	PDF p. 59
Net increase in cash and cash equivalentsSingapore dollars thousands	2,798	4,982	PDF p. 59
Cash and cash equivalents at beginning of yearSingapore dollars thousands	49,391	45,795	PDF p. 59
Effect of exchange fluctuations on cash and cash equivalentsSingapore dollars thousands	(121)	(1,386)	PDF p. 59
Cash and cash equivalents at end of yearSingapore dollars thousands	52,068	49,391	PDF p. 59

Definitions & sources

Original report: PDF p. 59 ↗

Group and Company financial position — FY2022 source

39 metrics

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Group and Company financial position — FY2022 source from ANNUAL REPORT 2026
Metric / unit	2022Group	2021Group	2022Company	2021Company	Source
Non-Current
Property, plant and equipmentSingapore dollars thousands	97,949	102,881	146	184	PDF p. 52
ASSETS
Right-of-use assetsSingapore dollars thousands	62,988	74,221	–	–	PDF p. 52
Intangible assetsSingapore dollars thousands	250	195	40	195	PDF p. 52
Investment propertiesSingapore dollars thousands	148,234	143,859	–	–	PDF p. 52
SubsidiariesSingapore dollars thousands	–	–	59,112	62,112	PDF p. 52
AssociatesSingapore dollars thousands	64,057	61,749	8,402	3,590	PDF p. 52
Other investmentsSingapore dollars thousands	102	110	–	–	PDF p. 52
Deferred tax assetsSingapore dollars thousands	1,187	7,111	–	–	PDF p. 52
Trade and other receivablesSingapore dollars thousands	19,694	19,396	215,015	244,800	PDF p. 52
SubtotalSingapore dollars thousands	394,461	409,522	282,715	310,881	PDF p. 52
Current
Other investmentsSingapore dollars thousands	20,655	26,244	18,324	23,327	PDF p. 52
ASSETS
InventoriesSingapore dollars thousands	77	237	–	–	PDF p. 52
Trade and other receivablesSingapore dollars thousands	77,662	70,675	997	1,615	PDF p. 52
Cash and cash equivalentsSingapore dollars thousands	57,078	54,812	2,741	2,548	PDF p. 52
SubtotalSingapore dollars thousands	155,472	151,968	22,062	27,490	PDF p. 52
Assets held-for-saleSingapore dollars thousands	11,564	11,548	–	–	PDF p. 52
SubtotalSingapore dollars thousands	167,036	163,516	22,062	27,490	PDF p. 52
Total assetsSingapore dollars thousands	561,497	573,038	304,777	338,371	PDF p. 52
Capital and Reserves
Share capitalSingapore dollars thousands	174,337	174,337	174,337	174,337	PDF p. 52
ReservesSingapore dollars thousands	61,077	53,358	45,846	38,799	PDF p. 52
Equity attributable to owners of the companySingapore dollars thousands	235,414	227,695	220,183	213,136	PDF p. 52
Non-controlling interestsSingapore dollars thousands	7,285	9,518	–	–	PDF p. 52
Total equitySingapore dollars thousands	242,699	237,213	220,183	213,136	PDF p. 52
Non-Current
Deferred tax liabilitiesSingapore dollars thousands	11,960	10,901	–	–	PDF p. 52
LIABILITIES
Loans and borrowingsSingapore dollars thousands	55,503	60,078	–	–	PDF p. 52
Lease liabilitiesSingapore dollars thousands	86,477	100,459	–	–	PDF p. 52
Trade and other payablesSingapore dollars thousands	22,096	23,274	49,597	86,878	PDF p. 52
ProvisionsSingapore dollars thousands	1,740	1,693	–	–	PDF p. 52
SubtotalSingapore dollars thousands	177,776	196,405	49,597	86,878	PDF p. 52
Current
Loans and borrowingsSingapore dollars thousands	45,907	48,930	23,800	25,000	PDF p. 52
LIABILITIES
Lease liabilitiesSingapore dollars thousands	16,304	17,561	–	–	PDF p. 52
Trade and other payablesSingapore dollars thousands	65,203	59,881	10,732	13,334	PDF p. 52
ProvisionsSingapore dollars thousands	141	141	–	–	PDF p. 52
Current tax payableSingapore dollars thousands	8,270	7,160	465	23	PDF p. 52
SubtotalSingapore dollars thousands	135,825	133,673	34,997	38,357	PDF p. 52
Liabilities directly associated with the assets held-for-saleSingapore dollars thousands	5,197	5,747	–	–	PDF p. 52 Label p. 52
SubtotalSingapore dollars thousands	141,022	139,420	34,997	38,357	PDF p. 52
Total liabilitiesSingapore dollars thousands	318,798	335,825	84,594	125,235	PDF p. 52
Total equity and liabilitiesSingapore dollars thousands	561,497	573,038	304,777	338,371	PDF p. 52

Definitions & sources

Original report: PDF p. 52 ↗

Group comprehensive income — FY2022 source

29 metrics

Units appear below each metric. Scroll to compare years

Group comprehensive income — FY2022 source from ANNUAL REPORT 2026
Metric / unit	2022Group	2021Group	Source
Group comprehensive income — FY2022 source
RevenueSingapore dollars thousands	201,820	162,853	PDF p. 53
Cost of salesSingapore dollars thousands	(149,818)	(116,340)	PDF p. 53
Gross profitSingapore dollars thousands	52,002	46,513	PDF p. 53
Other incomeSingapore dollars thousands	5,977	10,249	PDF p. 53
Administrative expensesSingapore dollars thousands	(31,680)	(31,743)	PDF p. 53
Impairment loss (recognised)/reversed on trade and other receivablesSingapore dollars thousands	(679)	105	PDF p. 53
Other operating expensesSingapore dollars thousands	(3,252)	(7,709)	PDF p. 53
Profit from operationsSingapore dollars thousands	22,368	17,415	PDF p. 53
Finance incomeSingapore dollars thousands	1,551	2,115	PDF p. 53
Finance costsSingapore dollars thousands	(10,115)	(11,815)	PDF p. 53
Net finance costsSingapore dollars thousands	(8,564)	(9,700)	PDF p. 53
Impairment loss reversed/(recognised) on investments in associatesSingapore dollars thousands	2,685	(2,619)	PDF p. 53
Share of results of associates (net of income tax)Singapore dollars thousands	518	777	PDF p. 53
Profit before taxationSingapore dollars thousands	17,007	5,873	PDF p. 53
Tax expenseSingapore dollars thousands	(10,019)	(2,591)	PDF p. 53
Profit for the yearSingapore dollars thousands	6,988	3,282	PDF p. 53
Items that will not be reclassified to profit or loss:
Foreign currency translation differences for foreign operationsSingapore dollars thousands	72	1,657	PDF p. 53
Items that are or may be reclassified subsequently to profit or loss:
Foreign currency translation differences for foreign operationsSingapore dollars thousands	141	1,889	PDF p. 53
Share of reserves of associatesSingapore dollars thousands	(531)	93	PDF p. 53
SubtotalSingapore dollars thousands	(390)	1,982	PDF p. 53
Other comprehensive (loss)/income, at nil taxSingapore dollars thousands	(318)	3,639	PDF p. 53
Total comprehensive income for the yearSingapore dollars thousands	6,670	6,921	PDF p. 53
Profit for the year attributable to:
– Owners of the CompanySingapore dollars thousands	9,295	3,149	PDF p. 53
Items that are or may be reclassified subsequently to profit or loss:
– Non-controlling interestsSingapore dollars thousands	(2,307)	133	PDF p. 53
SubtotalSingapore dollars thousands	6,988	3,282	PDF p. 53
Total comprehensive income for the year attributable to:
– Owners of the CompanySingapore dollars thousands	8,905	5,131	PDF p. 53
– Non-controlling interestsSingapore dollars thousands	(2,235)	1,790	PDF p. 53
SubtotalSingapore dollars thousands	6,670	6,921	PDF p. 53
Earnings per share
Diluted and basic earnings per share (cents)Singapore cents per share	1.34	0.45	PDF p. 53

Definitions & sources

Original report: PDF p. 53 ↗

Group changes in equity — FY2022 source / ending 2021

12 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity — FY2022 source / ending 2021 from ANNUAL REPORT 2026
Metric / unit	2021GroupShare capital	2021GroupTreasury shares	2021GroupCapital reserve	2021GroupForeign currency translation reserve	2021GroupOther reserves	2021GroupRetained earnings	2021GroupTotal attributable to owners of Company	2021GroupNon-controlling interests	2021GroupTotal equity	Source
The Group
Balance at 1 May 2020Singapore dollars thousands	174,337	(1,980)	13,552	(657)	61	37,251	222,564	12,477	235,041	PDF p. 54
Total comprehensive income
Profit for the yearSingapore dollars thousands	–	–	–	–	–	3,149	3,149	133	3,282	PDF p. 54
Other comprehensive income
Translation differencesSingapore dollars thousands	–	–	–	1,889	–	–	1,889	1,657	3,546	PDF p. 54
Total comprehensive income
Share of reserves of associatesSingapore dollars thousands	–	–	(27)	120	–	–	93	–	93	PDF p. 54
Total other comprehensive incomeSingapore dollars thousands	–	–	(27)	2,009	–	–	1,982	1,657	3,639	PDF p. 54
Total comprehensive income for
Total comprehensive income for the yearSingapore dollars thousands	–	–	(27)	2,009	–	3,149	5,131	1,790	6,921	PDF p. 54 Label p. 54
directly in equity
Capital contribution from non-controlling interestsSingapore dollars thousands	–	–	–	–	–	–	–	44	44	PDF p. 54 Label p. 54
Capital reduction from non-controlling interests (1)Singapore dollars thousands	–	–	–	–	–	–	–	(4,895)	(4,895)	PDF p. 54 Label p. 54
Disposal of interest in a subsidiary with loss of controlSingapore dollars thousands	–	–	–	–	–	–	–	102	102	PDF p. 54 Label p. 54
Total changes in ownership interests in subsidiariesSingapore dollars thousands	–	–	–	–	–	–	–	(4,749)	(4,749)	PDF p. 54 Label p. 54
Total transactions with owners of the CompanySingapore dollars thousands	–	–	–	–	–	–	–	(4,749)	(4,749)	PDF p. 54 Label p. 54
At 30 April 2021Singapore dollars thousands	174,337	(1,980)	13,525	1,352	61	40,400	227,695	9,518	237,213	PDF p. 54

Definitions & sources

Original report: PDF p. 54 ↗

Year validated against closing balance caption At 30 April 2021

Group changes in equity — FY2022 source / ending 2022

10 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity — FY2022 source / ending 2022 from ANNUAL REPORT 2026
Metric / unit	2022GroupShare capital	2022GroupTreasury shares	2022GroupCapital reserve	2022GroupForeign currency translation reserve	2022GroupOther reserves	2022GroupRetained earnings	2022GroupTotal attributable to owners of Company	2022GroupNon-controlling interests	2022GroupTotal equity	Source
The Group
Balance at 1 May 2021Singapore dollars thousands	174,337	(1,980)	13,525	1,352	61	40,400	227,695	9,518	237,213	PDF p. 55
Total comprehensive income
Profit for the yearSingapore dollars thousands	–	–	–	–	–	9,295	9,295	(2,307)	6,988	PDF p. 55
Other comprehensive income
Translation differencesSingapore dollars thousands	–	–	–	141	–	–	141	72	213	PDF p. 55
Total comprehensive income
Share of reserves of associatesSingapore dollars thousands	–	–	–	(535)	4	–	(531)	–	(531)	PDF p. 55
Total other comprehensive incomeSingapore dollars thousands	–	–	–	(394)	4	–	(390)	72	(318)	PDF p. 55
Total comprehensive income for the yearSingapore dollars thousands	–	–	–	(394)	4	9,295	8,905	(2,235)	6,670	PDF p. 55 Label p. 55
directly in equity
Dividends to owners (Note 15)Singapore dollars thousands	–	–	–	–	–	(1,186)	(1,186)	–	(1,186)	PDF p. 55
Disposal of interest in a subsidiary with loss of controlSingapore dollars thousands	–	–	–	–	–	–	–	2	2	PDF p. 55 Label p. 55
Total transactions with owners of the CompanySingapore dollars thousands	–	–	–	–	–	(1,186)	(1,186)	2	(1,184)	PDF p. 55 Label p. 55
At 30 April 2022Singapore dollars thousands	174,337	(1,980)	13,525	958	65	48,509	235,414	7,285	242,699	PDF p. 55

Definitions & sources

Original report: PDF p. 55 ↗

Year validated against closing balance caption At 30 April 2022

Group cash flows — FY2022 source / page 56

42 metrics

Units appear below each metric. Scroll to compare years

Group cash flows — FY2022 source / page 56 from ANNUAL REPORT 2026
Metric / unit	2022Group	2021Group	Source
Cash Flows from Operating Activities
Profit after taxationSingapore dollars thousands	6,988	3,282	PDF p. 56
Adjustments for:
Amortisation of intangible assetSingapore dollars thousands	50	–	PDF p. 56
Depreciation of property, plant and equipmentSingapore dollars thousands	7,323	7,978	PDF p. 56
Depreciation of right-of-use assetsSingapore dollars thousands	13,535	15,188	PDF p. 56
Dividend incomeSingapore dollars thousands	(4)	(4)	PDF p. 56
Fair value (gain)/loss on investment propertiesSingapore dollars thousands	(3,571)	965	PDF p. 56
Fair value loss/(gain) on financial instruments at FVTPLSingapore dollars thousands	312	(3,726)	PDF p. 56
Finance costsSingapore dollars thousands	10,115	11,815	PDF p. 56
Finance incomeSingapore dollars thousands	(1,551)	(2,115)	PDF p. 56
Gain on disposal of equity investmentsSingapore dollars thousands	(598)	(17)	PDF p. 56
Gain on disposal/write-off of property, plant and equipmentSingapore dollars thousands	(50)	(701)	PDF p. 56
Gain on disposal of right-of-use assetsSingapore dollars thousands	(112)	(12)	PDF p. 56
Gain on waiver of amount due to non-controlling shareholderSingapore dollars thousands	–	(137)	PDF p. 56
Government grantsSingapore dollars thousands	(893)	(5,191)	PDF p. 56
Gain on disposal of subsidiariesSingapore dollars thousands	–	(5)	PDF p. 56
Impairment loss (reversed)/recognised on investment in associatesSingapore dollars thousands	(2,685)	2,619	PDF p. 56
Impairment loss recognised/(reversed) on trade and other receivables, (including RCCPS in an associate), netSingapore dollars thousands	679	(105)	PDF p. 56 Label p. 56
Share of associates’ resultsSingapore dollars thousands	(518)	(777)	PDF p. 56
Tax expenseSingapore dollars thousands	10,019	2,591	PDF p. 56
Operating profit before working capital changesSingapore dollars thousands	39,039	31,648	PDF p. 56
Changes in inventoriesSingapore dollars thousands	160	262	PDF p. 56
Changes in trade and other receivablesSingapore dollars thousands	(5,862)	4,019	PDF p. 56
Changes in trade and other payablesSingapore dollars thousands	2,373	(11,188)	PDF p. 56
Changes in provisionsSingapore dollars thousands	–	52	PDF p. 56
Cash generated from operationsSingapore dollars thousands	35,710	24,793	PDF p. 56
Income tax paid, netSingapore dollars thousands	(1,661)	(1,640)	PDF p. 56
Government grants receivedSingapore dollars thousands	770	3,389	PDF p. 56
Net cash generated from operating activitiesSingapore dollars thousands	34,819	26,542	PDF p. 56
Cash Flows from Investing Activities
Dividends receivedSingapore dollars thousands	368	917	PDF p. 56
Finance income receivedSingapore dollars thousands	265	2,369	PDF p. 56
Loans to associatesSingapore dollars thousands	(1,060)	(29,954)	PDF p. 56
Loans to a related partySingapore dollars thousands	–	(410)	PDF p. 56
Partial repayment of RCCPSSingapore dollars thousands	–	406	PDF p. 56
Proceeds from sale of other investmentsSingapore dollars thousands	15,191	9,633	PDF p. 56
Proceeds from sale of property, plant and equipmentSingapore dollars thousands	126	952	PDF p. 56
Purchase of other investmentsSingapore dollars thousands	(9,317)	(3,821)	PDF p. 56
Purchase of property, plant and equipmentSingapore dollars thousands	(1,175)	(674)	PDF p. 56
Purchase of intangible assetsSingapore dollars thousands	(105)	(195)	PDF p. 56
Purchase of plant and equipment classified as assets held-for-saleSingapore dollars thousands	(16)	–	PDF p. 56
Repayment of loan by an associateSingapore dollars thousands	–	27,620	PDF p. 56
Repayment of loan by a related partySingapore dollars thousands	–	392	PDF p. 56
Net cash generated from investing activitiesSingapore dollars thousands	4,277	7,235	PDF p. 56

Definitions & sources

Original report: PDF p. 56 ↗

Group cash flows — FY2022 source / page 57

16 metrics

Units appear below each metric. Scroll to compare years

Group cash flows — FY2022 source / page 57 from ANNUAL REPORT 2026
Metric / unit	2022Group	2021Group	Source
Cash Flows from Financing Activities
Advances received from a related partySingapore dollars thousands	–	2,563	PDF p. 57
Payment of deferred consideration in respect of the acquisition of non-controlling interests in subsidiariesSingapore dollars thousands	(3,000)	(3,000)	PDF p. 57 Label p. 57
Dividends paid to shareholders of the CompanySingapore dollars thousands	(666)	–	PDF p. 57
Finance costs paidSingapore dollars thousands	(8,672)	(11,229)	PDF p. 57
Proceeds from borrowingsSingapore dollars thousands	–	56,240	PDF p. 57
Proceeds from loan from an associateSingapore dollars thousands	–	5,000	PDF p. 57
Redemption of notes payableSingapore dollars thousands	–	(37,533)	PDF p. 57
Repayment of borrowingsSingapore dollars thousands	(8,885)	(28,813)	PDF p. 57
Repayment of lease liabilitiesSingapore dollars thousands	(18,563)	(18,684)	PDF p. 57
Repayment of loan to an associateSingapore dollars thousands	–	(5,000)	PDF p. 57
Repayment of loan to non-controlling interestSingapore dollars thousands	–	(247)	PDF p. 57
Net cash used in financing activitiesSingapore dollars thousands	(39,786)	(40,703)	PDF p. 57
Net decrease in cash and cash equivalentsSingapore dollars thousands	(690)	(6,926)	PDF p. 57
Cash and cash equivalents at beginning of yearSingapore dollars thousands	46,029	53,124	PDF p. 57
Effect of exchange fluctuations on cash and cash equivalentsSingapore dollars thousands	456	(169)	PDF p. 57
Cash and cash equivalents at end of yearSingapore dollars thousands	45,795	46,029	PDF p. 57

Definitions & sources

Original report: PDF p. 57 ↗

Capital management net debt basis — FY2022 source

8 metrics

Units appear below each metric. Scroll to compare years

Capital management net debt basis — FY2022 source from ANNUAL REPORT 2026
Metric / unit	2022Group	2021Group	Source
Capital management net debt basis — FY2022 source
Liabilities directly associated with assets held-for-sale: – Loans and borrowings (Note 14)Singapore dollars thousands	2,319	2,826	PDF p. 112 Label p. 112
– Lease liabilities (Note 14)Singapore dollars thousands	2,754	2,800	PDF p. 112
Loans and borrowings (Note 17)Singapore dollars thousands	101,410	109,008	PDF p. 112
Lease liabilities (Note 18)Singapore dollars thousands	102,781	118,020	PDF p. 112
Less: Cash and cash equivalents (Note 13)Singapore dollars thousands	(57,078)	(54,812)	PDF p. 112
Net debt (A)Singapore dollars thousands	152,186	177,842	PDF p. 112
Equity attributable to owners of the Company (B)Singapore dollars thousands	235,414	227,695	PDF p. 112
Net debt-to-equity ratio (times) (A)/(B)times	0.65	0.78	PDF p. 112

Definitions & sources

Original report: PDF p. 112 ↗

Where the money comes from

Segment information

By business

Operating segments - revenue, results and other segmental information 9 lines

Operating segments - revenue, results and other segmental information
Item / unit	2026Freight and Logistics, year ended 30 April 2026	2025Freight and Logistics, year ended 30 April 2025	2026Financial Services, year ended 30 April 2026	2025Financial Services, year ended 30 April 2025	2026Real Estate, year ended 30 April 2026	2025Real Estate, year ended 30 April 2025	2026Eliminations, year ended 30 April 2026	2025Eliminations, year ended 30 April 2025	2026Total Operations, year ended 30 April 2026	2025Total Operations, year ended 30 April 2025	Source
Revenue
External revenue (Note 20)$'000	131,741	142,693	296	13	6,548	7,160	–	–	138,585	149,866	PDF p. 108
Inter-segment revenue (Note 20)$'000	343	342	10,125	6,767	–	–	(10,468)	(7,109)	–	–	PDF p. 108
Total revenue (Note 20)$'000	132,084	143,035	10,421	6,780	6,548	7,160	(10,468)	(7,109)	138,585	149,866	PDF p. 108
Results
Segment results$'000	15,140	13,614	10,649	7,510	1,334	6,167	(8,430)	(5,050)	18,693	22,241	PDF p. 108
Finance income (Note 22)$'000	3,431	3,071	1,567	1,847	342	437	(1,916)	(2,213)	3,424	3,142	PDF p. 108
Finance costs (Note 22)$'000	(5,231)	(7,124)	(1,404)	(1,965)	(1,492)	(1,145)	1,916	2,213	(6,211)	(8,021)	PDF p. 108
Other segmental information
Gain on disposal/write-off of property, plant and equipment (Note 21)$'000	7,136	45	–	37	–	–	–	–	7,136	82	PDF p. 108
Gain on acquisition of debt (Note 21)$'000	977	1,192	–	–	–	–	–	–	977	1,192	PDF p. 108
Fair value loss on investment properties (Note 6, 23)$'000	–	–	–	–	(3,013)	(137)	–	–	(3,013)	(137)	PDF p. 108

Notes

Segment profit measured before income tax. Blank string values mean no cell printed for that column (reconciling items shown only in Total Operations column or not shown for some segments). Some row labels wrap over multiple lines; quotes are the value-bearing line. Other segmental rows not exhaustively listed (FVTPL, gain on disposal of equity investments, government grants, impairments, etc.).

Operating segments - assets, liabilities, capital expenditure and depreciation 4 lines

Operating segments - assets, liabilities, capital expenditure and depreciation
Item / unit	2026Freight and Logistics, 30 April 2026	2025Freight and Logistics, 30 April 2025	2026Financial Services, 30 April 2026	2025Financial Services, 30 April 2025	2026Real Estate, 30 April 2026	2025Real Estate, 30 April 2025	2026Eliminations, 30 April 2026	2025Eliminations, 30 April 2025	2026Total Operations, 30 April 2026	2025Total Operations, 30 April 2025	Source
Assets and liabilities
Segment assets$'000	212,431	227,721	19,732	18,059	158,021	155,771	–	–	390,184	401,551	PDF p. 109
Segment liabilities$'000	120,737	143,707	24,132	22,845	39,451	40,947	–	–	184,320	207,499	PDF p. 109
Other segmental information
Capital expenditure$'000	6,334	850	5	356	–	2	–	–	6,339	1,208	PDF p. 109
Depreciation of property, plant and equipment, right-of-use assets and amortisation of intangible assets$'000	17,457	18,188	48	66	324	332	–	–	17,829	18,586	PDF p. 109

Notes

Segment capital expenditure is the total cost incurred during the year to acquire property, plant and equipment, new leases, intangible assets other than goodwill and investment properties. Blank string values mean no cell printed for that column.

By geography

Operating segments - Geographical segments 10 lines

Operating segments - Geographical segments
Item / unit	2026Revenue, 2026	2025Revenue, 2025	2026Non-current assets*, 2026	2025Non-current assets*, 2025	2026Capital expenditure, 2026	2025Capital expenditure, 2025	Source
Geographical segments
Singapore$'000	46,420	53,832	163,928	171,884	5,853	977	PDF p. 110
Malaysia$'000	9,118	8,486	49,709	47,203	342	131	PDF p. 110
China$'000	19,545	19,626	89,830	90,322	–	2	PDF p. 110
Rest of Asia$'000	32,128	33,892	1,693	1,684	144	98	PDF p. 110
United States of America$'000	5,687	5,946	–	–	–	–	PDF p. 110
Oceania$'000	4,725	5,374	–	–	–	–	PDF p. 110
Europe$'000	8,183	9,722	–	–	–	–	PDF p. 110
Middle East$'000	9,619	9,113	–	–	–	–	PDF p. 110
Others$'000	3,160	3,875	–	–	–	–	PDF p. 110
Total (unlabelled)$'000	138,585	149,866	305,160	311,093	6,339	1,208	PDF p. 110

Notes

* Excludes deferred tax assets, and trade and other receivables (excluding prepayments).

Segment revenue is based on the geographical location of customers; segment assets are based on the geographical location of the assets. Total row has no printed label.

Debt

Borrowings

Borrowing notes 6 tables

Loans and borrowings (current and non-current, secured/unsecured, fixed/floating)

Loans and borrowings (current and non-current, secured/unsecured, fixed/floating)
Item / unit	2026The Group, 30 April 2026, $'000	2025The Group, 30 April 2025, $'000	2026The Company, 30 April 2026, $'000	2025The Company, 30 April 2025, $'000	Source
Non-current liabilities
Floating rate bank loans, secured$'000	35,024	26,248	–	–	PDF p. 97
Non-current liabilities – Fixed rate bank loans
– unsecured$'000	110	755	–	–	PDF p. 97
Non-current liabilities
Total non-current loans and borrowings (subtotal)$'000	35,134	27,003	–	–	PDF p. 97
Current liabilities
Floating rate bank loans, secured$'000	3,844	5,160	–	–	PDF p. 97
Current liabilities – Fixed rate bank loans
– secured$'000	22,620	33,320	20,000	18,700	PDF p. 97
– unsecured$'000	2,644	4,706	–	–	PDF p. 97
Current liabilities
Total current loans and borrowings (subtotal)$'000	29,108	43,186	20,000	18,700	PDF p. 97
Total
Total loans and borrowings$'000	64,242	70,189	20,000	18,700	PDF p. 97

Notes

The bank loans of the Company and certain subsidiaries amounting $61.5 million (2025 – $64.7 million) are secured by legal mortgages over property, plant and equipment and investment properties of the Group as disclosed in Notes 4 and 6, respectively.

Of the Group’s and Company’s bank loans, $25.4 million (2025 – $41.8 million) and $20.0 million (2025 – $18.7 million) are callable on demand by financial institutions and have been presented as current liabilities in the Group’s and Company’s statements of financial position, respectively. (page 98)

Subtotal rows have no printed label; labels are descriptors. Currency is Singapore dollars ($) as printed '$'000'.

Liquidity risk – contractual undiscounted cash flows (term loans and lease liabilities)

Liquidity risk – contractual undiscounted cash flows (term loans and lease liabilities)
Item / unit	2026Carrying amount, 30 April 2026, $'000	2026Total contractual undiscounted cash flows, 30 April 2026, $'000	2026Less than 1 year, 30 April 2026, $'000	2026Between 2 and 5 years, 30 April 2026, $'000	2026Over 5 years, 30 April 2026, $'000	Source
The Group – As at 30 April 2026
Term loans (Note 16)$'000	(64,242)	(69,934)	(30,468)	(25,188)	(14,278)	PDF p. 123
Lease liabilities (Note 17)$'000	(55,436)	(63,198)	(21,271)	(31,107)	(10,820)	PDF p. 123
The Company – As at 30 April 2026
Term loans (Note 16)$'000	(20,000)	(20,053)	(20,053)	–	–	PDF p. 123

Notes

Table covers non-derivative financial liabilities; trade and other payables rows omitted as out of scope.

Liquidity risk – contractual undiscounted cash flows, 30 April 2025

Liquidity risk – contractual undiscounted cash flows, 30 April 2025
Item / unit	2025Carrying amount, 30 April 2025, $'000	2025Total contractual undiscounted cash flows, 30 April 2025, $'000	2025Less than 1 year, 30 April 2025, $'000	2025Between 2 and 5 years, 30 April 2025, $'000	2025Over 5 years, 30 April 2025, $'000	Source
The Group – As at 30 April 2025
Term loans (Note 16)$'000	(70,189)	(77,455)	(44,982)	(15,309)	(17,164)	PDF p. 123
Lease liabilities (Note 17)$'000	(68,630)	(79,060)	(20,001)	(47,551)	(11,508)	PDF p. 123
The Company – As at 30 April 2025
Term loans (Note 16)$'000	(18,700)	(19,139)	(19,139)	–	–	PDF p. 123

Notes

Maturity band header printed as 'Between 2 and 5 years'.

Lease liabilities

Lease liabilities — The Group
Item / unit	202630 April 2026, $'000	202530 April 2025, $'000	Source
Undiscounted lease payments due
– No later than one year$'000	21,271	20,001	PDF p. 98
– Later than one year and not later than five years$'000	31,107	47,551	PDF p. 98
– Later than five years$'000	10,820	11,508	PDF p. 98
Total undiscounted lease payments (subtotal)$'000	63,198	79,060	PDF p. 98
Lease liabilities
Less: Future interest costs$'000	(7,762)	(10,430)	PDF p. 98
Lease liabilities total (subtotal)$'000	55,436	68,630	PDF p. 98
Presented as
– Non-current$'000	36,248	51,408	PDF p. 98
– Current$'000	19,188	17,222	PDF p. 98

Notes

The Group’s lease liabilities are secured by the lessors’ title to the leased assets (Note 5).

Total cashflows for all leases in the current financial year amounted to $23.8 million (2025 – $23.2 million).

Interest expense on lease liabilities of $2.9 million (2025 – $3.7 million) is recognised within “finance costs”.

Interest rate profile – bank loans and lease liabilities (fixed vs variable)

Interest rate profile – bank loans and lease liabilities (fixed vs variable)
Item / unit	2026Fixed rate, 2026, $'000	2026Variable rate, 2026, $'000	2025Fixed rate, 2025, $'000	2025Variable rate, 2025, $'000	Source
The Group
Bank loans$'000	(25,374)	(38,868)	(38,781)	(31,408)	PDF p. 121
Lease liabilities$'000	(55,436)	–	(68,630)	–	PDF p. 121
Loans from a related party$'000	(17,455)	–	(16,801)	–	PDF p. 121
The Company
Bank loans$'000	(20,000)	–	(18,700)	–	PDF p. 121

Notes

Note reference numbers (16, 17, 18(b)) appear in the row between label and values.

Statement of financial position – loans and borrowings and lease liabilities lines

Statement of financial position – loans and borrowings and lease liabilities lines
Item / unit	2026The Group, 30 April 2026, $'000	2025The Group, 30 April 2025, $'000	2026The Company, 30 April 2026, $'000	2025The Company, 30 April 2025, $'000	Source
Non-Current liabilities
Loans and borrowings$'000	35,134	27,003	–	–	PDF p. 50
Lease liabilities$'000	36,248	51,408	–	–	PDF p. 50
Current liabilities
Loans and borrowings$'000	29,108	43,186	20,000	18,700	PDF p. 50
Lease liabilities$'000	19,188	17,222	–	–	PDF p. 50

Notes

Note reference numbers appear between label and values.

Payout

Dividends & distributions

Dividends declared and proposed

Item	Value	Period / scope	Source
Record date for 2026 Dividend	10 September 2026	FY2026 first and final dividend	PDF p. 136
Payment date for 2026 Dividend	25 September 2026	FY2026 first and final dividend	PDF p. 136
final tax exempt (one-tier) dividends	0.4 cent (2025 – 0.2 cent) per share	Declared during FY2026 in respect of FY2025 (0.4 cent); comparative 2025: 0.2 cent in respect of FY2024	PDF p. 95
Dividend (cents)	0.40 cents	FY2026 total for year; FY2025: 0.40; FY2024: 0.20; FY2023: 0.10; FY2022: 0.15	PDF p. 12
Subsequent events (a)	exempt (one-tier) dividends of 0.4 cent per share amounting to $2.7 million	Proposed in respect of FY ended 30 April 2026	PDF p. 128

Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Auditor	Foo Kon Tan LLP	Group and Company, FY ended 30 April 2026	PDF p. 49
Engagement partner	Ling Guo Leng	Group	PDF p. 49
Auditor's report date	7 August 2026	Group · As at 2026-08-07	PDF p. 49
Opinion	true and fair view	Group and Company, 30 April 2026	PDF p. 44

Key audit matters

Item	Value	Period / scope	Source
Recoverability of amounts due from an associate (Notes 11 and 29(B) to the financial statements)	The recoverability of the amounts due from an associate is determined to be a key audit matter because of the inherent subjectivity and significant judgement applied in assessing the allowance for ECL, including the valuation method and assumptions used in determining the availability and realisable value of the assets of the associate to repay its debts.	Group, 30 April 2026	PDF p. 44
Impairment assessment on investments in associates (Note 8 to the financial statements)	The impairment assessment of investments in associates is considered to be a key audit matter because of the significant inherent risk of impairment and the significant judgement and estimation uncertainty involved in determining the recoverable amount, including the valuation method and assumptions used.	Group, 30 April 2026	PDF p. 45
Valuation of investment properties (Notes 6 and 32 to the financial statements)	The valuation of investment properties is considered a key audit matter as it involves significant judgement in determining the appropriate valuation methodology and underlying assumptions.	Group, 30 April 2026	PDF p. 46
Recoverability of trade and other receivables (Notes 11 and 31 to the financial statements)	The recoverability of trade and other receivables is determined to be a key audit matter because of the inherent subjectivity and significant judgement applied in assessing the allowance for ECL.	Group, 30 April 2026	PDF p. 46
Impairment assessment of property, plant and equipment and right-of-use assets (Notes 4 and 5 to the financial statements)	The impairment assessment of property, plant and equipment and right-of-use assets is considered a key audit matter due to their significant inherent risk of impairment and the high degree of estimation uncertainty in estimating their recoverable amounts.	Group, 30 April 2026	PDF p. 47

Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow ANNUAL REPORT 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Group consolidated comprehensive income, equity changes and cash flows, plus Group/Company financial position. Separate Company income, equity and cash flow statements are not disclosed in the primary statement set. Monetary presentation Singapore dollars thousands; earnings per share Singapore cents.

Current cash/bank balances58.313million minus8.783million pledged deposits equals Group cash-flow cash49.530million. Five-year highlights call balance-sheet cash Cash and Cash equivalents; this source caption is preserved and distinguished from cash-flow cash.

Bank debt64.242million and lease liabilities55.436million sum to summary total debt119.678million. Financing liabilities reconciliation also includes deferred consideration, accrued interest, non-trade amounts, related-party/NCI loans and liabilities associated with held-for-sale assets; its total is not the same debt measure.

EPS uses weighted average677713thousand shares, not period-end674888817 shares. Issued shares697952thousand and weighted own shares20239thousand differ from full treasury holdings23063060 at year-end. Current reserves separate treasury shares, capital, FX, other reserves and retained earnings.

Debt comparisons retain the source’s differing bases: FY2022 includes2.319million held-for-sale bank debt and2.754million related leases (total5.073million) in total debt209.264million. FY2026/FY2025 capital-management table excludes held-for-sale debt from the main bank/lease borrowing balances; current-sourceFY2025 main debt138.819million excludes0.526million bank/2.683million lease liabilities separately classified with held-for-sale assets. No uniform debt basis is imposed on these source periods.

FY2026 equity statement dividend2.714million differs from cash flow paid2.610million (difference0.104million); FY2025 equity1.364million versus cash1.312million. Note18(k) discloses accrued dividends rounded0.7million/0.6million, consistent in precision with timing differences, but not a unique exact bridge. Original declared/equity and cash figures are separately retained.

Current five-year Group summary spansFY2022–FY2026. Summary Net Profit uses owners’ profit while consolidated net profit includes NCI; ROA/ROE use end-of-year assets/equity. Source summary cash equals balance-sheet cash/bank balances rather than net cash-flow cash after pledged deposits.

FY2026 source proposes final0.40c cash dividend subject to AGM approval. Equity records2.714million dividend declared in respect ofFY2025 final0.4c; cashflow separately reports2.610million paid duringFY2026. ProposedFY2026 dividend is not assumed to be paid.

FY2022 source dividend note15 refers to finalFY2021 rate0.1cent, while FY2022 equity records1.186million dividends to owners and cashflow records0.666million paid. These separate printed disclosures do not provide a unique exact reconciliation; original figures and rate are preserved rather than harmonised.

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