Sin Heng Mach BKA

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Financials

Annual Report 2025

Open annual report

Auditor’s opinion: a true and fair view. Read auditor’s report (PDF p. 53)

Explore the statements

28 tables

Group statement of financial position

36 metrics

Units appear below each metric. Scroll to compare years

Group statement of financial position from Annual Report 2025
Metric / unit 2025Group / as at 31 December 20252024Group / as at 31 December 2024 Source
Current assets
Cash and bank balancesSingapore dollars thousands 40,46547,855 PDF p. 57
Trade receivablesSingapore dollars thousands 11,42813,813 PDF p. 57
Other receivables and prepaymentsSingapore dollars thousands 821477 PDF p. 57
InventoriesSingapore dollars thousands 8492,633 PDF p. 57
Lease receivablesSingapore dollars thousands –– PDF p. 57
Derivative financial instrumentsSingapore dollars thousands –1 PDF p. 57
Income tax recoverableSingapore dollars thousands 84– PDF p. 57
Total current assetsSingapore dollars thousands 53,64764,779 PDF p. 57
Non-current assets
Property, plant and equipmentSingapore dollars thousands 58,07055,022 PDF p. 57
Right-of-use assetsSingapore dollars thousands 3,4473,151 PDF p. 57
Investment propertySingapore dollars thousands 3,050– PDF p. 57
Investment in subsidiariesSingapore dollars thousands –– PDF p. 57
Financial assets at fair value through profit or loss (FVTPL)Singapore dollars thousands 424265 PDF p. 57
Financial assets at fair value through other comprehensive income (FVTOCI)Singapore dollars thousands 1,1901,190 PDF p. 57
Lease receivablesSingapore dollars thousands –– PDF p. 57
Other assetsSingapore dollars thousands 1,2961,296 PDF p. 57
Total non-current assetsSingapore dollars thousands 67,47760,924 PDF p. 57
Total assetsSingapore dollars thousands 121,124125,703 PDF p. 57
Current liabilities
Derivative financial instrumentsSingapore dollars thousands 103– PDF p. 58
Trade payablesSingapore dollars thousands 1,059875 PDF p. 58
Other payablesSingapore dollars thousands 4,0514,291 PDF p. 58
Lease liabilitiesSingapore dollars thousands 1,6362,499 PDF p. 58
Income tax payableSingapore dollars thousands 640693 PDF p. 58
Total current liabilitiesSingapore dollars thousands 7,4898,358 PDF p. 58
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 4,8653,308 PDF p. 58
Deferred tax liabilitiesSingapore dollars thousands 6,8646,497 PDF p. 58
Total non-current liabilitiesSingapore dollars thousands 11,7299,805 PDF p. 58
Capital and reserves
Share capitalSingapore dollars thousands 41,84641,846 PDF p. 58
Retained earningsSingapore dollars thousands 71,82177,590 PDF p. 58
Treasury sharesSingapore dollars thousands (2,810)(2,810) PDF p. 58
Translation reservesSingapore dollars thousands (8,718)(8,853) PDF p. 58
Capital reserveSingapore dollars thousands (923)(923) PDF p. 58
Fair value reserveSingapore dollars thousands 690690 PDF p. 58
Total equity attributable to owners of the CompanySingapore dollars thousands 101,906107,540 PDF p. 58
Total equitySingapore dollars thousands 101,906107,540 PDF p. 58
Total liabilities and equitySingapore dollars thousands 121,124125,703 PDF p. 58
Definitions & sources

Original report: PDF p. 57 ↗ PDF p. 58 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Company statement of financial position

36 metrics

Units appear below each metric. Scroll to compare years

Company statement of financial position from Annual Report 2025
Metric / unit 2025Company / as at 31 December 20252024Company / as at 31 December 2024 Source
Current assets
Cash and bank balancesSingapore dollars thousands 8,61219,289 PDF p. 57
Trade receivablesSingapore dollars thousands 12,11414,668 PDF p. 57
Other receivables and prepaymentsSingapore dollars thousands 4,162350 PDF p. 57
InventoriesSingapore dollars thousands 2651,852 PDF p. 57
Lease receivablesSingapore dollars thousands 5680 PDF p. 57
Derivative financial instrumentsSingapore dollars thousands –3 PDF p. 57
Income tax recoverableSingapore dollars thousands –– PDF p. 57
Total current assetsSingapore dollars thousands 25,20936,242 PDF p. 57
Non-current assets
Property, plant and equipmentSingapore dollars thousands 46,65543,192 PDF p. 57
Right-of-use assetsSingapore dollars thousands 1,9873,079 PDF p. 57
Investment propertySingapore dollars thousands –– PDF p. 57
Investment in subsidiariesSingapore dollars thousands 8,9519,014 PDF p. 57
Financial assets at fair value through profit or loss (FVTPL)Singapore dollars thousands 424265 PDF p. 57
Financial assets at fair value through other comprehensive income (FVTOCI)Singapore dollars thousands 1,1901,190 PDF p. 57
Lease receivablesSingapore dollars thousands 1,407– PDF p. 57
Other assetsSingapore dollars thousands 1010 PDF p. 57
Total non-current assetsSingapore dollars thousands 60,62456,750 PDF p. 57
Total assetsSingapore dollars thousands 85,83392,992 PDF p. 57
Current liabilities
Derivative financial instrumentsSingapore dollars thousands 103– PDF p. 58
Trade payablesSingapore dollars thousands 9,4168,443 PDF p. 58
Other payablesSingapore dollars thousands 3,5373,928 PDF p. 58
Lease liabilitiesSingapore dollars thousands 1,6362,499 PDF p. 58
Income tax payableSingapore dollars thousands –50 PDF p. 58
Total current liabilitiesSingapore dollars thousands 14,69214,920 PDF p. 58
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 4,8653,308 PDF p. 58
Deferred tax liabilitiesSingapore dollars thousands 5,1104,590 PDF p. 58
Total non-current liabilitiesSingapore dollars thousands 9,9757,898 PDF p. 58
Capital and reserves
Share capitalSingapore dollars thousands 41,84641,846 PDF p. 58
Retained earningsSingapore dollars thousands 21,44030,448 PDF p. 58
Treasury sharesSingapore dollars thousands (2,810)(2,810) PDF p. 58
Translation reservesSingapore dollars thousands –– PDF p. 58
Capital reserveSingapore dollars thousands –– PDF p. 58
Fair value reserveSingapore dollars thousands 690690 PDF p. 58
Total equity attributable to owners of the CompanySingapore dollars thousands 61,16670,174 PDF p. 58
Total equitySingapore dollars thousands 61,16670,174 PDF p. 58
Total liabilities and equitySingapore dollars thousands 85,83392,992 PDF p. 58
Definitions & sources

Original report: PDF p. 57 ↗ PDF p. 58 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group consolidated statement of profit or loss and other comprehensive income

18 metrics

Units appear below each metric. Scroll to compare years

Group consolidated statement of profit or loss and other comprehensive income from Annual Report 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
income
RevenueSingapore dollars thousands 44,09850,281 PDF p. 59
Cost of salesSingapore dollars thousands (29,381)(33,562) PDF p. 59
Gross profitSingapore dollars thousands 14,71716,719 PDF p. 59
Other operating incomeSingapore dollars thousands 1,5811,938 PDF p. 59
Selling expensesSingapore dollars thousands (392)(448) PDF p. 59
Administrative expensesSingapore dollars thousands (9,396)(10,216) PDF p. 59
Other operating expensesSingapore dollars thousands (215)(314) PDF p. 59
(Impairment loss) Reversal of impairment loss on financial assetsSingapore dollars thousands (25)1 PDF p. 59
Finance costsSingapore dollars thousands (225)(188) PDF p. 59
Profit before income taxSingapore dollars thousands 6,0457,492 PDF p. 59
Income tax expenseSingapore dollars thousands (938)(1,225) PDF p. 59
Profit for the year attributable to owners of the CompanySingapore dollars thousands 5,1076,267 PDF p. 59
Earnings per share (cents):
Basic and dilutedSingapore cents per share 4.705.75 PDF p. 59
Profit for the yearSingapore dollars thousands 5,1076,267 PDF p. 59
Item that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operationsSingapore dollars thousands 135538 PDF p. 59
Item that will not be reclassified subsequently to profit or loss
Fair value gain arising on financial assets designated as at FVTOCISingapore dollars thousands –490 PDF p. 59
Other comprehensive income for the year, net of taxSingapore dollars thousands 1351,028 PDF p. 59
Total comprehensive income for the year attributable to owners of the CompanySingapore dollars thousands 5,2427,295 PDF p. 59
Definitions & sources

Original report: PDF p. 59 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group changes in equity / 2025

6 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity / 2025 from Annual Report 2025
Metric / unit 2025Group / Share capital2025Group / Treasury shares2025Group / Translation reserves2025Group / Capital reserve2025Group / Fair value reserve2025Group / Retained earnings2025Group / Total attributable to equity holders of the Company2025Group / Total equity Source
Transactions with owners, recognised
Balance at 31 December 2024Singapore dollars thousands 41,846(2,810)(8,853)(923)69077,590107,540107,540 PDF p. 60
Total comprehensive income for the year:
Profit for the yearSingapore dollars thousands –––––5,1075,1075,107 PDF p. 60
Other comprehensive income for the yearSingapore dollars thousands ––135–––135135 PDF p. 60
TotalSingapore dollars thousands ––135––5,1075,2425,242 PDF p. 60
Transactions with owners, recognised directly in equity
Dividends paidSingapore dollars thousands –––––(10,876)(10,876)(10,876) PDF p. 60
Total comprehensive income for the year:
Balance at 31 December 2025Singapore dollars thousands 41,846(2,810)(8,718)(923)69071,821101,906101,906 PDF p. 60
Definitions & sources

Original report: PDF p. 60 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group changes in equity / 2024

8 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity / 2024 from Annual Report 2025
Metric / unit 2024Group / Share capital2024Group / Treasury shares2024Group / Translation reserves2024Group / Capital reserve2024Group / Fair value reserve2024Group / Retained earnings2024Group / Total attributable to equity holders of the Company2024Group / Total equity Source
Group
Balance at 1 January 2024Singapore dollars thousands 41,846(2,338)(9,391)(923)20076,809106,203106,203 PDF p. 60
Total comprehensive income for the year:
Profit for the yearSingapore dollars thousands –––––6,2676,2676,267 PDF p. 60
Other comprehensive income for the yearSingapore dollars thousands ––538–490–1,0281,028 PDF p. 60
TotalSingapore dollars thousands ––538–4906,2677,2957,295 PDF p. 60
Transactions with owners, recognised directly in equity
Dividends paidSingapore dollars thousands –––––(5,486)(5,486)(5,486) PDF p. 60
Transactions with owners, recognised
Repurchase of sharesSingapore dollars thousands –(472)––––(472)(472) PDF p. 60
TotalSingapore dollars thousands –(472)–––(5,486)(5,958)(5,958) PDF p. 60
Balance at 31 December 2024Singapore dollars thousands 41,846(2,810)(8,853)(923)69077,590107,540107,540 PDF p. 60
Definitions & sources

Original report: PDF p. 60 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Company changes in equity / 2025

4 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2025 from Annual Report 2025
Metric / unit 2025Company / Share capital2025Company / Treasury shares2025Company / Fair value reserve2025Company / Retained earnings2025Company / Total equity Source
Transactions with owners, recognised
Balance at 31 December 2024Singapore dollars thousands 41,846(2,810)69030,44870,174 PDF p. 61
Total comprehensive income for the year:
Profit for the yearSingapore dollars thousands –––1,8681,868 PDF p. 61
Transactions with owners, recognised directly in equity
Dividends paidSingapore dollars thousands –––(10,876)(10,876) PDF p. 61
Total comprehensive income for the year:
Balance at 31 December 2025Singapore dollars thousands 41,846(2,810)69021,44061,166 PDF p. 61
Definitions & sources

Original report: PDF p. 61 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Company changes in equity / 2024

8 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2024 from Annual Report 2025
Metric / unit 2024Company / Share capital2024Company / Treasury shares2024Company / Fair value reserve2024Company / Retained earnings2024Company / Total equity Source
Company
Balance at 1 January 2024Singapore dollars thousands 41,846(2,338)20033,27072,978 PDF p. 61
Total comprehensive income for the year:
Profit for the yearSingapore dollars thousands –––2,6642,664 PDF p. 61
Other comprehensive income for the yearSingapore dollars thousands ––490–490 PDF p. 61
TotalSingapore dollars thousands ––4902,6643,154 PDF p. 61
Transactions with owners, recognised directly in equity
Dividends paidSingapore dollars thousands –––(5,486)(5,486) PDF p. 61
Transactions with owners, recognised
Repurchase of sharesSingapore dollars thousands –(472)––(472) PDF p. 61
TotalSingapore dollars thousands –(472)–(5,486)(5,958) PDF p. 61
Balance at 31 December 2024Singapore dollars thousands 41,846(2,810)69030,44870,174 PDF p. 61
Definitions & sources

Original report: PDF p. 61 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group consolidated cash flows

41 metrics

Units appear below each metric. Scroll to compare years

Group consolidated cash flows from Annual Report 2025
Metric / unit 2025Group / year ended 31 December 20252024Group / year ended 31 December 2024 Source
Operating activities
Profit before income taxSingapore dollars thousands 6,0457,492 PDF p. 62
Adjustments for:
Depreciation of property, plant and equipmentSingapore dollars thousands 5,7556,016 PDF p. 62
Depreciation of right-of-use assetsSingapore dollars thousands 180181 PDF p. 62
Depreciation of investment propertySingapore dollars thousands 30– PDF p. 62
Impairment loss (Reversal of impairment loss) on financial assetsSingapore dollars thousands 25(1) PDF p. 62
Interest expenseSingapore dollars thousands 225188 PDF p. 62
Interest incomeSingapore dollars thousands (916)(1,316) PDF p. 62
Net unrealised foreign exchange gainSingapore dollars thousands (199)(22) PDF p. 62
Bad non-trade debts written offSingapore dollars thousands –39 PDF p. 62
Property, plant and equipment written offSingapore dollars thousands 243 PDF p. 62
Gain on disposal of property, plant and equipmentSingapore dollars thousands (121)(327) PDF p. 62
Fair value changes on derivative financial instrumentsSingapore dollars thousands 104(3) PDF p. 62
Fair value changes arising on financial assets designated as at FVTPLSingapore dollars thousands (159)76 PDF p. 62
Operating cash flows before movements in working capitalSingapore dollars thousands 10,97112,366 PDF p. 62
Trade receivablesSingapore dollars thousands 2,331(2,091) PDF p. 62
Other receivables and prepaymentsSingapore dollars thousands (346)768 PDF p. 62
InventoriesSingapore dollars thousands 4,1184,915 PDF p. 62
Trade payablesSingapore dollars thousands 184(169) PDF p. 62
Other payablesSingapore dollars thousands (241)(400) PDF p. 62
Cash generated from operationsSingapore dollars thousands 17,01715,389 PDF p. 62
Income tax paidSingapore dollars thousands (680)(1,215) PDF p. 62
Purchase of property, plant and equipmentSingapore dollars thousands (11,094)(2,270) PDF p. 62
Net cash from operating activitiesSingapore dollars thousands 5,24311,904 PDF p. 62
Investing activities
Interest receivedSingapore dollars thousands 9161,316 PDF p. 62
Purchase of property, plant and equipmentSingapore dollars thousands (80)(447) PDF p. 62
Purchase of investment propertySingapore dollars thousands (3,080)– PDF p. 62
Purchase of other assetsSingapore dollars thousands –(1,286) PDF p. 62
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands 197351 PDF p. 62
Proceeds from disposal of financial assets designated as at FVTPLSingapore dollars thousands –8 PDF p. 62
Bank fixed depositsSingapore dollars thousands (9,436)(19,135) PDF p. 62
Net cash used in investing activitiesSingapore dollars thousands (11,483)(19,193) PDF p. 62
Financing activities
Interest paidSingapore dollars thousands (225)(188) PDF p. 63
Proceeds from hire purchase facilitiesSingapore dollars thousands 3,500– PDF p. 63
Repayment of lease liabilitiesSingapore dollars thousands (3,282)(2,913) PDF p. 63
Purchase of treasury sharesSingapore dollars thousands –(472) PDF p. 63
Dividends paidSingapore dollars thousands (10,876)(5,486) PDF p. 63
Net cash used in financing activitiesSingapore dollars thousands (10,883)(9,059) PDF p. 63
Net decrease in cash and cash equivalentsSingapore dollars thousands (17,123)(16,348) PDF p. 63
Cash and cash equivalents at beginning of yearSingapore dollars thousands 28,72044,638 PDF p. 63
Effect of foreign exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands 297430 PDF p. 63
Cash and cash equivalents at end of yearSingapore dollars thousands 11,89428,720 PDF p. 63
Definitions & sources

Original report: PDF p. 62 ↗ PDF p. 63 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group cash and bank balances reconciliation / Note A

5 metrics

Units appear below each metric. Scroll to compare years

Group cash and bank balances reconciliation / Note A from Annual Report 2025
Metric / unit 2025Group / as at 31 December 20252024Group / as at 31 December 2024 Source
cash_reconciliation
Cash at banks and on handSingapore dollars thousands 11,89416,870 PDF p. 63
Bank fixed depositsSingapore dollars thousands 28,57130,985 PDF p. 63
Cash and bank balances (Note 7)Singapore dollars thousands 40,46547,855 PDF p. 63
Less: Bank fixed deposits with maturity of more than 3 months to 1 yearSingapore dollars thousands (28,571)(19,135) PDF p. 63
Cash and cash equivalents presented in the consolidated statement of cash flowsSingapore dollars thousands 11,89428,720 PDF p. 63
Definitions & sources

Original report: PDF p. 63 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group statement of financial position

33 metrics

Units appear below each metric. Scroll to compare years

Group statement of financial position from Annual Report 2025
Metric / unit 2023Group / as at 31 December 2023 Source
Current assets
Cash and bank balancesSingapore dollars thousands 44,638 PDF p. 59
Trade receivablesSingapore dollars thousands 11,735 PDF p. 59
Other receivables and prepaymentsSingapore dollars thousands 1,238 PDF p. 59
InventoriesSingapore dollars thousands 3,990 PDF p. 59
Lease receivablesSingapore dollars thousands – PDF p. 59
Derivative financial instrumentsSingapore dollars thousands – PDF p. 59
Total current assetsSingapore dollars thousands 61,601 PDF p. 59
Non-current assets
Property, plant and equipmentSingapore dollars thousands 61,838 PDF p. 59
Right-of-use assetsSingapore dollars thousands 3,332 PDF p. 59
Investment in subsidiariesSingapore dollars thousands – PDF p. 59
Financial assets at fair value through profit or lossSingapore dollars thousands 349 PDF p. 59
Financial assets at fair value through other comprehensive income (FVTOCI)Singapore dollars thousands 700 PDF p. 59
Other assetsSingapore dollars thousands 10 PDF p. 59
Total non-current assetsSingapore dollars thousands 66,229 PDF p. 59
Total assetsSingapore dollars thousands 127,830 PDF p. 59
Current liabilities
Derivative financial instrumentsSingapore dollars thousands 2 PDF p. 60
Trade payablesSingapore dollars thousands 1,044 PDF p. 60
Other payablesSingapore dollars thousands 4,689 PDF p. 60
Lease liabilitiesSingapore dollars thousands 2,914 PDF p. 60
Income tax payableSingapore dollars thousands 1,308 PDF p. 60
Total current liabilitiesSingapore dollars thousands 9,957 PDF p. 60
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 5,806 PDF p. 60
Deferred tax liabilitiesSingapore dollars thousands 5,864 PDF p. 60
Total non-current liabilitiesSingapore dollars thousands 11,670 PDF p. 60
Capital and reserves
Share capitalSingapore dollars thousands 41,846 PDF p. 60
Retained earningsSingapore dollars thousands 76,809 PDF p. 60
Treasury sharesSingapore dollars thousands (2,338) PDF p. 60
Translation reservesSingapore dollars thousands (9,391) PDF p. 60
Capital reserveSingapore dollars thousands (923) PDF p. 60
Fair value reserveSingapore dollars thousands 200 PDF p. 60
Total equity attributable to owners of the CompanySingapore dollars thousands 106,203 PDF p. 60
Total equitySingapore dollars thousands 106,203 PDF p. 60
Total liabilities and equitySingapore dollars thousands 127,830 PDF p. 60
Definitions & sources

Original report: PDF p. 59 ↗ PDF p. 60 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Company statement of financial position

33 metrics

Units appear below each metric. Scroll to compare years

Company statement of financial position from Annual Report 2025
Metric / unit 2023Company / as at 31 December 2023 Source
Current assets
Cash and bank balancesSingapore dollars thousands 22,310 PDF p. 59
Trade receivablesSingapore dollars thousands 12,469 PDF p. 59
Other receivables and prepaymentsSingapore dollars thousands 2,223 PDF p. 59
InventoriesSingapore dollars thousands 2,572 PDF p. 59
Lease receivablesSingapore dollars thousands 176 PDF p. 59
Derivative financial instrumentsSingapore dollars thousands – PDF p. 59
Total current assetsSingapore dollars thousands 39,750 PDF p. 59
Non-current assets
Property, plant and equipmentSingapore dollars thousands 48,440 PDF p. 59
Right-of-use assetsSingapore dollars thousands 3,173 PDF p. 59
Investment in subsidiariesSingapore dollars thousands 10,357 PDF p. 59
Financial assets at fair value through profit or lossSingapore dollars thousands 349 PDF p. 59
Financial assets at fair value through other comprehensive income (FVTOCI)Singapore dollars thousands 700 PDF p. 59
Other assetsSingapore dollars thousands 10 PDF p. 59
Total non-current assetsSingapore dollars thousands 63,029 PDF p. 59
Total assetsSingapore dollars thousands 102,779 PDF p. 59
Current liabilities
Derivative financial instrumentsSingapore dollars thousands 2 PDF p. 60
Trade payablesSingapore dollars thousands 12,045 PDF p. 60
Other payablesSingapore dollars thousands 4,463 PDF p. 60
Lease liabilitiesSingapore dollars thousands 2,914 PDF p. 60
Income tax payableSingapore dollars thousands 421 PDF p. 60
Total current liabilitiesSingapore dollars thousands 19,845 PDF p. 60
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 5,806 PDF p. 60
Deferred tax liabilitiesSingapore dollars thousands 4,150 PDF p. 60
Total non-current liabilitiesSingapore dollars thousands 9,956 PDF p. 60
Capital and reserves
Share capitalSingapore dollars thousands 41,846 PDF p. 60
Retained earningsSingapore dollars thousands 33,270 PDF p. 60
Treasury sharesSingapore dollars thousands (2,338) PDF p. 60
Translation reservesSingapore dollars thousands – PDF p. 60
Capital reserveSingapore dollars thousands – PDF p. 60
Fair value reserveSingapore dollars thousands 200 PDF p. 60
Total equity attributable to owners of the CompanySingapore dollars thousands 72,978 PDF p. 60
Total equitySingapore dollars thousands 72,978 PDF p. 60
Total liabilities and equitySingapore dollars thousands 102,779 PDF p. 60
Definitions & sources

Original report: PDF p. 59 ↗ PDF p. 60 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group consolidated statement of profit or loss and other comprehensive income

18 metrics

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Group consolidated statement of profit or loss and other comprehensive income from Annual Report 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
income
RevenueSingapore dollars thousands 66,230 PDF p. 61
Cost of salesSingapore dollars thousands (47,798) PDF p. 61
Gross profitSingapore dollars thousands 18,432 PDF p. 61
Other operating incomeSingapore dollars thousands 2,979 PDF p. 61
Selling expensesSingapore dollars thousands (396) PDF p. 61
Administrative expensesSingapore dollars thousands (10,473) PDF p. 61
Other operating expensesSingapore dollars thousands (384) PDF p. 61
Reversal of impairment loss (Impairment loss) on financial assetsSingapore dollars thousands (201) PDF p. 61
Finance costsSingapore dollars thousands (183) PDF p. 61
Profit before income taxSingapore dollars thousands 9,774 PDF p. 61
Income tax expenseSingapore dollars thousands (1,779) PDF p. 61
Profit for the year attributable to owners of the CompanySingapore dollars thousands 7,995 PDF p. 61
Earnings per share (cents):
Basic and dilutedSingapore cents per share 7.12 PDF p. 61
Profit for the yearSingapore dollars thousands 7,995 PDF p. 61
Item that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operationsSingapore dollars thousands (1,016) PDF p. 61
Item that will not be reclassified subsequently to profit or loss
Fair value gain arising on financial assets designated as at FVTOCISingapore dollars thousands 200 PDF p. 61
Other comprehensive income (loss) for the year, net of taxSingapore dollars thousands (816) PDF p. 61
Total comprehensive income for the year attributable to owners of the CompanySingapore dollars thousands 7,179 PDF p. 61
Definitions & sources

Original report: PDF p. 61 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group changes in equity / 2023

8 metrics

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Group changes in equity / 2023 from Annual Report 2025
Metric / unit 2023Group / Share capital2023Group / Treasury shares2023Group / Translation reserves2023Group / Capital reserve2023Group / Fair value reserve2023Group / Retained earnings2023Group / Total attributable to equity holders of the Company2023Group / Total equity Source
Group
Balance at 1 January 2023Singapore dollars thousands 41,846(591)(8,375)(923)–72,783104,740104,740 PDF p. 62
for the year:
Profit for the yearSingapore dollars thousands –––––7,9957,9957,995 PDF p. 62
Other comprehensive (loss) income for the yearSingapore dollars thousands ––(1,016)–200–(816)(816) PDF p. 62
TotalSingapore dollars thousands ––(1,016)–2007,9957,1797,179 PDF p. 62
Transactions with owners, recognised directly in equity
Dividends paidSingapore dollars thousands –––––(3,969)(3,969)(3,969) PDF p. 62
Transactions with owners, recognised
Repurchase of sharesSingapore dollars thousands –(1,747)––––(1,747)(1,747) PDF p. 62
TotalSingapore dollars thousands –(1,747)–––(3,969)(5,716)(5,716) PDF p. 62
Balance at 31 December 2023Singapore dollars thousands 41,846(2,338)(9,391)(923)20076,809106,203106,203 PDF p. 62
Definitions & sources

Original report: PDF p. 62 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Company changes in equity / 2023

8 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2023 from Annual Report 2025
Metric / unit 2023Company / Share capital2023Company / Treasury shares2023Company / Fair value reserve2023Company / Retained earnings2023Company / Total equity Source
Company
Balance at 1 January 2023Singapore dollars thousands 41,846(591)–34,50275,757 PDF p. 63
Total comprehensive income for the year:
Profit for the yearSingapore dollars thousands –––2,7372,737 PDF p. 63
Other comprehensive income for the yearSingapore dollars thousands ––200–200 PDF p. 63
TotalSingapore dollars thousands ––2002,7372,937 PDF p. 63
Transactions with owners, recognised directly in equity
Dividends paidSingapore dollars thousands –––(3,969)(3,969) PDF p. 63
Transactions with owners, recognised
Repurchase of sharesSingapore dollars thousands –(1,747)––(1,747) PDF p. 63
TotalSingapore dollars thousands –(1,747)–(3,969)(5,716) PDF p. 63
Balance at 31 December 2023Singapore dollars thousands 41,846(2,338)20033,27072,978 PDF p. 63
Definitions & sources

Original report: PDF p. 63 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group consolidated cash flows

42 metrics

Units appear below each metric. Scroll to compare years

Group consolidated cash flows from Annual Report 2025
Metric / unit 2023Group / year ended 31 December 2023 Source
Operating activities
Profit before income taxSingapore dollars thousands 9,774 PDF p. 64
Adjustments for:
Depreciation of property, plant and equipmentSingapore dollars thousands 6,452 PDF p. 64
Depreciation of right-of-use assetsSingapore dollars thousands 272 PDF p. 64
(Reversal of impairment loss) Impairment loss on financial assetsSingapore dollars thousands 201 PDF p. 64
Interest expenseSingapore dollars thousands 183 PDF p. 64
Interest incomeSingapore dollars thousands (1,120) PDF p. 64
Net unrealised foreign exchange gainSingapore dollars thousands (12) PDF p. 64
Bad debts written offSingapore dollars thousands 86 PDF p. 64
Bad non-trade debts written offSingapore dollars thousands – PDF p. 64
Property, plant and equipment written offSingapore dollars thousands 90 PDF p. 64
Gain on disposal of property, plant and equipmentSingapore dollars thousands (1,291) PDF p. 64
Fair value changes on derivative financial instrumentsSingapore dollars thousands (136) PDF p. 64
Fair value changes arising on financial assets designated as at FVTPLSingapore dollars thousands 81 PDF p. 64
Operating cash flows before movements in working capitalSingapore dollars thousands 14,580 PDF p. 64
Trade receivablesSingapore dollars thousands (2,753) PDF p. 64
Other receivables and prepaymentsSingapore dollars thousands 876 PDF p. 64
InventoriesSingapore dollars thousands 15,157 PDF p. 64
Trade payablesSingapore dollars thousands 57 PDF p. 64
Other payablesSingapore dollars thousands 1,658 PDF p. 64
Cash generated from operationsSingapore dollars thousands 29,575 PDF p. 64
Income tax paidSingapore dollars thousands (1,335) PDF p. 64
Purchase of property, plant and equipmentSingapore dollars thousands (17,518) PDF p. 64
Net cash from operating activitiesSingapore dollars thousands 10,722 PDF p. 64
Investing activities
Interest receivedSingapore dollars thousands 1,120 PDF p. 64
Purchase of property, plant and equipmentSingapore dollars thousands (5,580) PDF p. 64
Purchase of financial assets designated as at FVTOCISingapore dollars thousands (500) PDF p. 64
Purchase of other assetsSingapore dollars thousands – PDF p. 64
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands 5,849 PDF p. 64
Proceeds from disposal of financial assets designated as at FVTPLSingapore dollars thousands 1,800 PDF p. 64
Bank fixed depositsSingapore dollars thousands – PDF p. 64
Net cash (used in) from investing activitiesSingapore dollars thousands 2,689 PDF p. 64
Financing activities
Bills payableSingapore dollars thousands (1,135) PDF p. 65
Interest paidSingapore dollars thousands (183) PDF p. 65
Proceeds from hire purchase facilitiesSingapore dollars thousands 3,328 PDF p. 65
Repayment of lease liabilitiesSingapore dollars thousands (2,878) PDF p. 65
Purchase of treasury sharesSingapore dollars thousands (1,747) PDF p. 65
Dividends paidSingapore dollars thousands (3,969) PDF p. 65
Net cash used in financing activitiesSingapore dollars thousands (6,584) PDF p. 65
Net (decrease) increase in cash and cash equivalentsSingapore dollars thousands 6,827 PDF p. 65
Cash and cash equivalents at beginning of yearSingapore dollars thousands 38,051 PDF p. 65
Effect of foreign exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands (240) PDF p. 65
Cash and cash equivalents at end of yearSingapore dollars thousands 44,638 PDF p. 65
Definitions & sources

Original report: PDF p. 64 ↗ PDF p. 65 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group cash and bank balances reconciliation / Note A

5 metrics

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Group cash and bank balances reconciliation / Note A from Annual Report 2025
Metric / unit 2023Group / as at 31 December 2023 Source
cash_reconciliation
Cash at banks and on handSingapore dollars thousands 9,632 PDF p. 65
Bank fixed depositsSingapore dollars thousands 35,006 PDF p. 65
Cash and bank balances (Note 7)Singapore dollars thousands 44,638 PDF p. 65
Less: Bank fixed deposits with maturity of more than 3 months to 1 yearSingapore dollars thousands – PDF p. 65
Cash and cash equivalents presented in the statement of cash flowsSingapore dollars thousands 44,638 PDF p. 65
Definitions & sources

Original report: PDF p. 65 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group statement of financial position

35 metrics

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Group statement of financial position from Annual Report 2025
Metric / unit 2022Group / as at 31 December 2022 Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 38,051 PDF p. 56
Trade receivablesSingapore dollars thousands 9,453 PDF p. 56
Other receivables and prepaymentsSingapore dollars thousands 2,711 PDF p. 56
Lease receivablesSingapore dollars thousands – PDF p. 56
InventoriesSingapore dollars thousands 5,744 PDF p. 56
Financial assets at fair value through profit or loss (FVTPL)Singapore dollars thousands 1,800 PDF p. 56
Total current assetsSingapore dollars thousands 57,759 PDF p. 56
Non-current assets
Property, plant and equipmentSingapore dollars thousands 63,893 PDF p. 56
Right-of-use assetsSingapore dollars thousands 3,604 PDF p. 56
Lease receivablesSingapore dollars thousands – PDF p. 56
Investment in subsidiariesSingapore dollars thousands – PDF p. 56
Financial assets at fair value through profit or lossSingapore dollars thousands 430 PDF p. 56
Financial assets at fair value through other comprehensive income (FVTOCI)Singapore dollars thousands – PDF p. 56
Other assetsSingapore dollars thousands 10 PDF p. 56
Total non-current assetsSingapore dollars thousands 67,937 PDF p. 56
Total assetsSingapore dollars thousands 125,696 PDF p. 56
Current liabilities
Bills payableSingapore dollars thousands 1,135 PDF p. 57
Derivative financial instrumentsSingapore dollars thousands 138 PDF p. 57
Trade payablesSingapore dollars thousands 992 PDF p. 57
Other payablesSingapore dollars thousands 3,045 PDF p. 57
Lease liabilitiesSingapore dollars thousands 2,038 PDF p. 57
Income tax payableSingapore dollars thousands 313 PDF p. 57
Total current liabilitiesSingapore dollars thousands 7,661 PDF p. 57
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 6,232 PDF p. 57
Deferred tax liabilitiesSingapore dollars thousands 7,063 PDF p. 57
Total non-current liabilitiesSingapore dollars thousands 13,295 PDF p. 57
Capital and reserves
Share capitalSingapore dollars thousands 41,846 PDF p. 57
Retained earningsSingapore dollars thousands 72,783 PDF p. 57
Treasury sharesSingapore dollars thousands (591) PDF p. 57
Translation reservesSingapore dollars thousands (8,375) PDF p. 57
Capital reserveSingapore dollars thousands (923) PDF p. 57
Fair value reserveSingapore dollars thousands – PDF p. 57
Total equity attributable to owners of the CompanySingapore dollars thousands 104,740 PDF p. 57
Total equitySingapore dollars thousands 104,740 PDF p. 57
Total liabilities and equitySingapore dollars thousands 125,696 PDF p. 57
Definitions & sources

Original report: PDF p. 56 ↗ PDF p. 57 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Company statement of financial position

35 metrics

Units appear below each metric. Scroll to compare years

Company statement of financial position from Annual Report 2025
Metric / unit 2022Company / as at 31 December 2022 Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 21,259 PDF p. 56
Trade receivablesSingapore dollars thousands 14,971 PDF p. 56
Other receivables and prepaymentsSingapore dollars thousands 2,818 PDF p. 56
Lease receivablesSingapore dollars thousands 96 PDF p. 56
InventoriesSingapore dollars thousands 3,644 PDF p. 56
Financial assets at fair value through profit or loss (FVTPL)Singapore dollars thousands 1,800 PDF p. 56
Total current assetsSingapore dollars thousands 44,588 PDF p. 56
Non-current assets
Property, plant and equipmentSingapore dollars thousands 36,799 PDF p. 56
Right-of-use assetsSingapore dollars thousands 3,358 PDF p. 56
Lease receivablesSingapore dollars thousands 176 PDF p. 56
Investment in subsidiariesSingapore dollars thousands 21,282 PDF p. 56
Financial assets at fair value through profit or lossSingapore dollars thousands 430 PDF p. 56
Financial assets at fair value through other comprehensive income (FVTOCI)Singapore dollars thousands – PDF p. 56
Other assetsSingapore dollars thousands 10 PDF p. 56
Total non-current assetsSingapore dollars thousands 62,055 PDF p. 56
Total assetsSingapore dollars thousands 106,643 PDF p. 56
Current liabilities
Bills payableSingapore dollars thousands 1,135 PDF p. 57
Derivative financial instrumentsSingapore dollars thousands 138 PDF p. 57
Trade payablesSingapore dollars thousands 9,270 PDF p. 57
Other payablesSingapore dollars thousands 8,270 PDF p. 57
Lease liabilitiesSingapore dollars thousands 2,038 PDF p. 57
Income tax payableSingapore dollars thousands 153 PDF p. 57
Total current liabilitiesSingapore dollars thousands 21,004 PDF p. 57
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 6,232 PDF p. 57
Deferred tax liabilitiesSingapore dollars thousands 3,650 PDF p. 57
Total non-current liabilitiesSingapore dollars thousands 9,882 PDF p. 57
Capital and reserves
Share capitalSingapore dollars thousands 41,846 PDF p. 57
Retained earningsSingapore dollars thousands 34,502 PDF p. 57
Treasury sharesSingapore dollars thousands (591) PDF p. 57
Translation reservesSingapore dollars thousands – PDF p. 57
Capital reserveSingapore dollars thousands – PDF p. 57
Fair value reserveSingapore dollars thousands – PDF p. 57
Total equity attributable to owners of the CompanySingapore dollars thousands 75,757 PDF p. 57
Total equitySingapore dollars thousands 75,757 PDF p. 57
Total liabilities and equitySingapore dollars thousands 106,643 PDF p. 57
Definitions & sources

Original report: PDF p. 56 ↗ PDF p. 57 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group consolidated statement of profit or loss and other comprehensive income

18 metrics

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Group consolidated statement of profit or loss and other comprehensive income from Annual Report 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
income
RevenueSingapore dollars thousands 51,570 PDF p. 58
Cost of salesSingapore dollars thousands (38,731) PDF p. 58
Gross profitSingapore dollars thousands 12,839 PDF p. 58
Other operating incomeSingapore dollars thousands 1,443 PDF p. 58
Selling expensesSingapore dollars thousands (477) PDF p. 58
Administrative expensesSingapore dollars thousands (9,290) PDF p. 58
Other operating expensesSingapore dollars thousands (125) PDF p. 58
(Impairment losses)/Reversal of impairment losses on financial assetsSingapore dollars thousands 69 PDF p. 58
Finance costsSingapore dollars thousands (64) PDF p. 58
Profit before income taxSingapore dollars thousands 4,395 PDF p. 58
Income tax expenseSingapore dollars thousands (744) PDF p. 58
Profit for the year attributable to owners of the CompanySingapore dollars thousands 3,651 PDF p. 58
Earnings per share (cents):
Basic and dilutedSingapore cents per share 3.22 PDF p. 58
Profit for the yearSingapore dollars thousands 3,651 PDF p. 58
Item that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operationsSingapore dollars thousands (2,041) PDF p. 58
Item that will not be reclassified subsequently to profit or loss
Fair value gain arising on financial assets designated as at FVTOCISingapore dollars thousands – PDF p. 58
Other comprehensive loss for the year, net of taxSingapore dollars thousands (2,041) PDF p. 58
Total comprehensive income for the year attributable to owners of the CompanySingapore dollars thousands 1,610 PDF p. 58
Definitions & sources

Original report: PDF p. 58 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group changes in equity / 2022

6 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity / 2022 from Annual Report 2025
Metric / unit 2022Group / Share capital2022Group / Treasury shares2022Group / Translation reserves2022Group / Capital reserve2022Group / Fair value reserve2022Group / Retained earnings2022Group / Total attributable to equity holders of the Company2022Group / Total equity Source
Group
Balance at 1 January 2022Singapore dollars thousands 41,846(591)(6,334)(923)–74,803108,801108,801 PDF p. 59
for the year:
Profit for the yearSingapore dollars thousands –––––3,6513,6513,651 PDF p. 59
Other comprehensive loss for the yearSingapore dollars thousands ––(2,041)–––(2,041)(2,041) PDF p. 59
TotalSingapore dollars thousands ––(2,041)––3,6511,6101,610 PDF p. 59
Transactions with owners, recognised directly in equity
Dividends paidSingapore dollars thousands –––––(5,671)(5,671)(5,671) PDF p. 59
for the year:
Balance at 31 December 2022Singapore dollars thousands 41,846(591)(8,375)(923)–72,783104,740104,740 PDF p. 59
Definitions & sources

Original report: PDF p. 59 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Company changes in equity / 2022

4 metrics

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Company changes in equity / 2022 from Annual Report 2025
Metric / unit 2022Company / Share capital2022Company / Treasury shares2022Company / Fair value reserve2022Company / Retained earnings2022Company / Total equity Source
Company
Balance at 1 January 2022Singapore dollars thousands 41,846(591)–42,16283,417 PDF p. 60
Loss for the year, representing total comprehensive loss for the yearSingapore dollars thousands –––(1,989)(1,989) PDF p. 60
Transactions with owners, recognised directly in equity
Dividends paidSingapore dollars thousands –––(5,671)(5,671) PDF p. 60
Company
Balance at 31 December 2022Singapore dollars thousands 41,846(591)–34,50275,757 PDF p. 60
Definitions & sources

Original report: PDF p. 60 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group consolidated cash flows

39 metrics

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Group consolidated cash flows from Annual Report 2025
Metric / unit 2022Group / year ended 31 December 2022 Source
Operating activities
Profit before income taxSingapore dollars thousands 4,395 PDF p. 61
Adjustments for:
Depreciation of property, plant and equipmentSingapore dollars thousands 6,825 PDF p. 61
Depreciation of right-of-use assetsSingapore dollars thousands 266 PDF p. 61
Impairment losses/(Reversal of impairment losses) on financial assetsSingapore dollars thousands (69) PDF p. 61
Interest expenseSingapore dollars thousands 64 PDF p. 61
Interest incomeSingapore dollars thousands (337) PDF p. 61
Net unrealised foreign exchange gainSingapore dollars thousands (162) PDF p. 61
Bad debts written offSingapore dollars thousands – PDF p. 61
Property, plant and equipment written offSingapore dollars thousands – PDF p. 61
Gain on disposal of property, plant and equipmentSingapore dollars thousands (417) PDF p. 61
Fair value changes on derivative financial instrumentsSingapore dollars thousands 38 PDF p. 61
Fair value changes arising on financial assets designated as at FVTPLSingapore dollars thousands (81) PDF p. 61
Operating cash flows before movements in working capitalSingapore dollars thousands 10,522 PDF p. 61
Trade receivablesSingapore dollars thousands (1,131) PDF p. 61
Other receivables and prepaymentsSingapore dollars thousands (933) PDF p. 61
InventoriesSingapore dollars thousands 4,717 PDF p. 61
Trade payablesSingapore dollars thousands 261 PDF p. 61
Other payablesSingapore dollars thousands (179) PDF p. 61
Cash generated from operationsSingapore dollars thousands 13,257 PDF p. 61
Income tax paidSingapore dollars thousands (517) PDF p. 61
Purchase of property, plant and equipmentSingapore dollars thousands (20,896) PDF p. 61
Net cash from/(used in) operating activitiesSingapore dollars thousands (8,156) PDF p. 61
Investing activities
Interest receivedSingapore dollars thousands 337 PDF p. 61
Purchase of property, plant and equipmentSingapore dollars thousands (307) PDF p. 61
Purchase of financial assets designated as at FVTOCISingapore dollars thousands – PDF p. 61
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands 449 PDF p. 61
Proceeds from disposal of financial assets designated as at FVTPLSingapore dollars thousands – PDF p. 61
Net cash from investing activitiesSingapore dollars thousands 479 PDF p. 61
Financing activities
Bills payableSingapore dollars thousands 1,135 PDF p. 62
Interest paidSingapore dollars thousands (64) PDF p. 62
Proceeds from hire purchase facilitiesSingapore dollars thousands 3,363 PDF p. 62
Repayment of lease liabilitiesSingapore dollars thousands (890) PDF p. 62
Purchase of treasury sharesSingapore dollars thousands – PDF p. 62
Dividends paidSingapore dollars thousands (5,671) PDF p. 62
Net cash used in financing activitiesSingapore dollars thousands (2,127) PDF p. 62
Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands (9,804) PDF p. 62
Cash and cash equivalents at beginning of yearSingapore dollars thousands 48,018 PDF p. 62
Effect of foreign exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands (163) PDF p. 62
Cash and cash equivalents at end of yearSingapore dollars thousands 38,051 PDF p. 62
Definitions & sources

Original report: PDF p. 61 ↗ PDF p. 62 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group statement of financial position

33 metrics

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Group statement of financial position from Annual Report 2025
Metric / unit 2021Group / as at 31 December 2021 Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 48,018 PDF p. 61
Trade receivablesSingapore dollars thousands 8,370 PDF p. 61
Other receivables and prepaymentsSingapore dollars thousands 1,281 PDF p. 61
Lease receivablesSingapore dollars thousands – PDF p. 61
InventoriesSingapore dollars thousands 1,255 PDF p. 61
Financial assets at fair value through profit or lossSingapore dollars thousands 1,800 PDF p. 61
Total current assetsSingapore dollars thousands 60,724 PDF p. 61
Non-current assets
Property, plant and equipmentSingapore dollars thousands 59,253 PDF p. 61
Right-of-use assetsSingapore dollars thousands 3,773 PDF p. 61
Lease receivablesSingapore dollars thousands – PDF p. 61
Investment in subsidiariesSingapore dollars thousands – PDF p. 61
Financial assets at fair value through profit or lossSingapore dollars thousands 349 PDF p. 61
Other assetsSingapore dollars thousands 10 PDF p. 61
Total non-current assetsSingapore dollars thousands 63,385 PDF p. 61
Total assetsSingapore dollars thousands 124,109 PDF p. 61
Current liabilities
Bills payableSingapore dollars thousands – PDF p. 62
Derivative financial instrumentsSingapore dollars thousands 100 PDF p. 62
Trade payablesSingapore dollars thousands 739 PDF p. 62
Other payablesSingapore dollars thousands 3,263 PDF p. 62
Lease liabilitiesSingapore dollars thousands 558 PDF p. 62
Income tax payableSingapore dollars thousands – PDF p. 62
Total current liabilitiesSingapore dollars thousands 4,660 PDF p. 62
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 3,942 PDF p. 62
Deferred tax liabilitiesSingapore dollars thousands 6,706 PDF p. 62
Total non-current liabilitiesSingapore dollars thousands 10,648 PDF p. 62
Capital and reserves
Share capitalSingapore dollars thousands 41,846 PDF p. 62
Retained earningsSingapore dollars thousands 74,803 PDF p. 62
Treasury sharesSingapore dollars thousands (591) PDF p. 62
Translation reservesSingapore dollars thousands (6,334) PDF p. 62
Capital reserveSingapore dollars thousands (923) PDF p. 62
Total equity attributable to owners of the CompanySingapore dollars thousands 108,801 PDF p. 62
Total equitySingapore dollars thousands 108,801 PDF p. 62
Total liabilities and equitySingapore dollars thousands 124,109 PDF p. 62
Definitions & sources

Original report: PDF p. 61 ↗ PDF p. 62 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Company statement of financial position

33 metrics

Units appear below each metric. Scroll to compare years

Company statement of financial position from Annual Report 2025
Metric / unit 2021Company / as at 31 December 2021 Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 30,493 PDF p. 61
Trade receivablesSingapore dollars thousands 9,007 PDF p. 61
Other receivables and prepaymentsSingapore dollars thousands 3,838 PDF p. 61
Lease receivablesSingapore dollars thousands 96 PDF p. 61
InventoriesSingapore dollars thousands 538 PDF p. 61
Financial assets at fair value through profit or lossSingapore dollars thousands 1,800 PDF p. 61
Total current assetsSingapore dollars thousands 45,772 PDF p. 61
Non-current assets
Property, plant and equipmentSingapore dollars thousands 31,563 PDF p. 61
Right-of-use assetsSingapore dollars thousands 3,440 PDF p. 61
Lease receivablesSingapore dollars thousands 272 PDF p. 61
Investment in subsidiariesSingapore dollars thousands 25,082 PDF p. 61
Financial assets at fair value through profit or lossSingapore dollars thousands 349 PDF p. 61
Other assetsSingapore dollars thousands 10 PDF p. 61
Total non-current assetsSingapore dollars thousands 60,716 PDF p. 61
Total assetsSingapore dollars thousands 106,488 PDF p. 61
Current liabilities
Bills payableSingapore dollars thousands – PDF p. 62
Derivative financial instrumentsSingapore dollars thousands 100 PDF p. 62
Trade payablesSingapore dollars thousands 7,622 PDF p. 62
Other payablesSingapore dollars thousands 7,389 PDF p. 62
Lease liabilitiesSingapore dollars thousands 558 PDF p. 62
Income tax payableSingapore dollars thousands – PDF p. 62
Total current liabilitiesSingapore dollars thousands 15,669 PDF p. 62
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 3,942 PDF p. 62
Deferred tax liabilitiesSingapore dollars thousands 3,460 PDF p. 62
Total non-current liabilitiesSingapore dollars thousands 7,402 PDF p. 62
Capital and reserves
Share capitalSingapore dollars thousands 41,846 PDF p. 62
Retained earningsSingapore dollars thousands 42,162 PDF p. 62
Treasury sharesSingapore dollars thousands (591) PDF p. 62
Translation reservesSingapore dollars thousands – PDF p. 62
Capital reserveSingapore dollars thousands – PDF p. 62
Total equity attributable to owners of the CompanySingapore dollars thousands 83,417 PDF p. 62
Total equitySingapore dollars thousands 83,417 PDF p. 62
Total liabilities and equitySingapore dollars thousands 106,488 PDF p. 62
Definitions & sources

Original report: PDF p. 61 ↗ PDF p. 62 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group consolidated statement of profit or loss and other comprehensive income

17 metrics

Units appear below each metric. Scroll to compare years

Group consolidated statement of profit or loss and other comprehensive income from Annual Report 2025
Metric / unit 2021Group / year ended 31 December 2021 Source
income
RevenueSingapore dollars thousands 53,730 PDF p. 63
Cost of salesSingapore dollars thousands (40,340) PDF p. 63
Gross profitSingapore dollars thousands 13,390 PDF p. 63
Other operating incomeSingapore dollars thousands 1,738 PDF p. 63
Selling expensesSingapore dollars thousands (346) PDF p. 63
Administrative expensesSingapore dollars thousands (8,993) PDF p. 63
Other operating expensesSingapore dollars thousands (998) PDF p. 63
Reversal of impairment losses on financial assetsSingapore dollars thousands 210 PDF p. 63
Finance costsSingapore dollars thousands (183) PDF p. 63
Profit before income taxSingapore dollars thousands 4,818 PDF p. 63
Income tax expenseSingapore dollars thousands (1,052) PDF p. 63
Profit for the year attributable to owners of the CompanySingapore dollars thousands 3,766 PDF p. 63
Profit per share (cents):
Basic and dilutedSingapore cents per share 3.31 PDF p. 63
Profit for the yearSingapore dollars thousands 3,766 PDF p. 63
Items that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operationsSingapore dollars thousands (1,499) PDF p. 63
Cumulative exchange differences on disposal of a subsidiarySingapore dollars thousands 2 PDF p. 63
Total comprehensive income for the year attributable to owners of the CompanySingapore dollars thousands 2,269 PDF p. 63
Definitions & sources

Original report: PDF p. 63 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group changes in equity / 2021

8 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity / 2021 from Annual Report 2025
Metric / unit 2021Group / Share capital2021Group / Treasury shares2021Group / Translation reserves2021Group / Capital reserve2021Group / Retained earnings2021Group / Total attributable to equity holders of the Company2021Group / Total equity Source
Group
Balance at 1 January 2021Singapore dollars thousands 41,846(355)(4,837)(923)76,738112,469112,469 PDF p. 64
Total comprehensive income/(loss) for the year:
Profit for the yearSingapore dollars thousands ––––3,7663,7663,766 PDF p. 64
Other comprehensive loss for the yearSingapore dollars thousands ––(1,497)––(1,497)(1,497) PDF p. 64
TotalSingapore dollars thousands ––(1,497)–3,7662,2692,269 PDF p. 64
Transactions with owners, recognised directly in equity
Dividends paid (Note 31)Singapore dollars thousands ––––(5,701)(5,701)(5,701) PDF p. 64
Transactions with owners, recognised directly
Repurchase of shares (Note 23)Singapore dollars thousands –(236)–––(236)(236) PDF p. 64
TotalSingapore dollars thousands –(236)––(5,701)(5,937)(5,937) PDF p. 64
Balance at 31 December 2021Singapore dollars thousands 41,846(591)(6,334)(923)74,803108,801108,801 PDF p. 64
Definitions & sources

Original report: PDF p. 64 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Company changes in equity / 2021

7 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2021 from Annual Report 2025
Metric / unit 2021Company / Share capital2021Company / Treasury shares2021Company / Retained earnings2021Company / Total equity Source
Company
Balance at 1 January 2021Singapore dollars thousands 41,846(355)45,61387,104 PDF p. 65
Profit for the year, representing total comprehensive income for the yearSingapore dollars thousands ––2,2502,250 PDF p. 65
TotalSingapore dollars thousands ––2,2502,250 PDF p. 65
Transactions with owners, recognised directly in equity
Dividends paid (Note 31)Singapore dollars thousands ––(5,701)(5,701) PDF p. 65
Transactions with owners, recognised directly
Repurchase of shares (Note 23)Singapore dollars thousands –(236)–(236) PDF p. 65
Subtotal (unlabelled in original)Singapore dollars thousands –(236)(5,701)(5,937) PDF p. 65
Balance at 31 December 2021Singapore dollars thousands 41,846(591)42,16283,417 PDF p. 65
Definitions & sources

Original report: PDF p. 65 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Group consolidated cash flows

39 metrics

Units appear below each metric. Scroll to compare years

Group consolidated cash flows from Annual Report 2025
Metric / unit 2021Group / year ended 31 December 2021 Source
Operating activities
Profit before income taxSingapore dollars thousands 4,818 PDF p. 66
Adjustments for:
Unrealised fair value loss from derivative financial instrumentsSingapore dollars thousands 100 PDF p. 66
Depreciation of property, plant and equipmentSingapore dollars thousands 7,535 PDF p. 66
Depreciation of right-of-use assetsSingapore dollars thousands 261 PDF p. 66
Write-back of allowance for doubtful debtsSingapore dollars thousands (210) PDF p. 66
Interest expenseSingapore dollars thousands 183 PDF p. 66
Interest incomeSingapore dollars thousands (154) PDF p. 66
Net unrealised foreign exchange (gain) lossSingapore dollars thousands 907 PDF p. 66
Bad debts recoveredSingapore dollars thousands (173) PDF p. 66
(Gain) Loss on disposal of property, plant and equipmentSingapore dollars thousands 1 PDF p. 66
Loss on deregistration of a subsidiarySingapore dollars thousands 2 PDF p. 66
Inventories written offSingapore dollars thousands 16 PDF p. 66
Fair value (gain) loss arising on financial assets designated as at FVTPLSingapore dollars thousands 55 PDF p. 66
Operating cash flows before movements in working capitalSingapore dollars thousands 13,341 PDF p. 66
Trade receivablesSingapore dollars thousands 14,898 PDF p. 66
Other receivables and prepaid expensesSingapore dollars thousands (110) PDF p. 66
InventoriesSingapore dollars thousands 12,568 PDF p. 66
Trade payablesSingapore dollars thousands (215) PDF p. 66
Other payablesSingapore dollars thousands 672 PDF p. 66
Cash generated from operationsSingapore dollars thousands 41,154 PDF p. 66
Income tax paidSingapore dollars thousands (465) PDF p. 66
Purchase of property, plant and equipment (Note A)Singapore dollars thousands (13,705) PDF p. 66
Net cash (used in)/from operating activitiesSingapore dollars thousands 26,984 PDF p. 66
Investing activities
Interest receivedSingapore dollars thousands 154 PDF p. 66
Purchase of property, plant and equipment (Note A)Singapore dollars thousands (68) PDF p. 66
Purchase of financial assets designated as at FVTPLSingapore dollars thousands (1,800) PDF p. 66
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands 201 PDF p. 66
Net cash from/(used in) investing activitiesSingapore dollars thousands (1,513) PDF p. 66
Financing activities
Bills payableSingapore dollars thousands – PDF p. 67
Interest paidSingapore dollars thousands (183) PDF p. 67
Proceeds from hire purchase facilitiesSingapore dollars thousands – PDF p. 67
Repayment of lease liabilitiesSingapore dollars thousands (3,804) PDF p. 67
Purchase of treasury sharesSingapore dollars thousands (236) PDF p. 67
Dividends paidSingapore dollars thousands (5,701) PDF p. 67
Net cash used in financing activitiesSingapore dollars thousands (9,924) PDF p. 67
Net (decrease) increase in cash and cash equivalentsSingapore dollars thousands 15,547 PDF p. 67
Cash and cash equivalents at beginning of yearSingapore dollars thousands 32,619 PDF p. 67
Effect of exchange rate changes on the cash and cash equivalents held in foreign currenciesSingapore dollars thousands (148) PDF p. 67
Cash and cash equivalents at end of year (Note 7)Singapore dollars thousands 48,018 PDF p. 67
Definitions & sources

Original report: PDF p. 66 ↗ PDF p. 67 ↗

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

Where the money comes from

Segment information

By business

Business segment information 2025 – revenue, results, other information 8 lines
Business segment information 2025 – revenue, results, other information
Item / unit 2025Equipment rental2025Trading2025Others2025Total Source
Revenue
Segment revenue$'000 31,40712,691–44,098 PDF p. 107
Results
Segment results$'000 11,2763,441–14,717 PDF p. 107
Selling expenses$'000 (279)(113)–(392) PDF p. 107
Finance costs$'000 (216)(9)–(225) PDF p. 107
Other information
Capital expenditure$'000 (11,107)(67)(3,080)(14,254) PDF p. 107
Depreciation expense$'000 (5,608)(327)(30)(5,965) PDF p. 107
Impairment loss on financial assets$'000 (25)––(25) PDF p. 107
Property, plant and equipment written off$'000 (2)––(2) PDF p. 107
Notes

Rows with only a Total value (no segment split printed) have empty strings for the segment columns.

Revenue represents revenue generated from external customers.

Business segment information 2024 – revenue, results, other information 8 lines
Business segment information 2024 – revenue, results, other information
Item / unit 2024Equipment rental2024Trading2024Others2024Total Source
Revenue
Segment revenue$'000 30,31119,970–50,281 PDF p. 108
Results
Segment results$'000 11,2585,461–16,719 PDF p. 108
Selling expenses$'000 (270)(178)–(448) PDF p. 108
Finance costs$'000 (184)(4)–(188) PDF p. 108
Other information
Capital expenditure$'000 (2,561)(156)–(2,717) PDF p. 108
Depreciation expense$'000 (5,823)(374)–(6,197) PDF p. 108
Bad non-trade debts written off$'000 (39)––(39) PDF p. 108
Property, plant and equipment written off$'000 (43)––(43) PDF p. 108
Notes

Rows with only a Total value have empty strings for segment columns.

Reversal of impairment loss on financial assets (total 1; equipment rental 1) and gain on disposal of PPE (327) wrap across lines and are not itemised here.

Segment assets and liabilities 2 lines
Segment assets and liabilities
Item / unit 2025Equipment rental2025Trading2025Others2025Total2024Equipment rental2024Trading2024Others2024Total Source
Assets and liabilities
Segment assets$'000 61,79811,9963,14376,93756,75517,8644874,667 PDF p. 109
Segment liabilities$'000 5,8301,730177,5775,0991,583–6,682 PDF p. 109
Notes

An unlabelled total of 19,218 is printed beneath unallocated corporate liabilities.

An unlabelled total of 18,163 is printed beneath unallocated corporate liabilities.

By geography

Revenue by location of customers, geographical area 12 lines
Revenue by location of customers, geographical area
Item / unit 2025Group2024Group Source
Revenue by geography
Singapore$'000 39,55436,495 PDF p. 110
Indonesia$'000 1,5308,363 PDF p. 110
Malaysia$'000 1,0501,430 PDF p. 110
Philippines$'000 –1,247 PDF p. 110
Brunei$'000 425660 PDF p. 110
Taiwan$'000 7871,603 PDF p. 110
India$'000 310– PDF p. 110
United Arab Emirates$'000 200– PDF p. 110
Dubai$'000 108– PDF p. 110
Vietnam$'000 96– PDF p. 110
Others$'000 38483 PDF p. 110
Total (unlabelled)$'000 44,09850,281 PDF p. 110
Notes

Total row has no printed label.

Major customer: In 2025, there was one customer (2024: one) that contributed to more than 10% of the Group’s revenue.

Non-current assets – Property, plant and equipment by geographical location 3 lines
Non-current assets – Property, plant and equipment by geographical location
Item / unit 2025Group2024Group Source
Property, plant and equipment
Singapore$'000 57,03253,992 PDF p. 110
Malaysia$'000 1,0381,030 PDF p. 110
Total (unlabelled)$'000 58,07055,022 PDF p. 110
Notes

Total row has no printed label.

Debt

Borrowings

Lease liabilities - maturity analysis

Lease liabilities - maturity analysis — Group and Company
Item / unit 2025$'0002024$'000 Source
Maturity analysis
Within one year$'000 1,8352,653 PDF p. 97
In the second to fifth year inclusive$'000 2,1501,146 PDF p. 97
After five years$'000 3,7622,189 PDF p. 97
Less: Unearned interest$'000 (1,246)(181) PDF p. 97
Analysed as
Current$'000 1,6362,499 PDF p. 97
Non-current$'000 4,8653,308 PDF p. 97
Notes

Total undiscounted 7,747 (2025) / 5,988 (2024); total lease liabilities 6,501 / 5,807. The Group does not face a significant liquidity risk with regard to its lease liabilities.

Borrowing notes 1 tables

Statement of financial position - lease liabilities

Statement of financial position - lease liabilities
Item / unit 2025Group2024Group2025Company2024Company Source
Current liabilities
Lease liabilities$'000 1,6362,4991,6362,499 PDF p. 58
Non-current liabilities
Lease liabilities$'000 4,8653,3084,8653,308 PDF p. 58
Notes

No bank borrowings are presented on the statement of financial position.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend policy The Group does not have a formal dividend policy at present. The form, frequency and amount of dividends declared each year will take into consideration the Group’s profit growth, cash position, cash flow generated from operations, projected capital requirements for business growth and other factors as the Board may deem appropriate. Group PDF p. 41

Dividends declared and proposed

ItemValuePeriod / scopeSource
interim (special) dividend 5.0 cents per ordinary share FY2025 interim (special), tax-exempt one-tier, paid PDF p. 105
first and final dividend 1.0 cents per ordinary share FY2025 proposed first and final (ordinary), tax-exempt one-tier, subject to AGM approval PDF p. 105
special dividend 4.0 cents per ordinary share FY2025 proposed special, tax-exempt one-tier, subject to AGM approval PDF p. 105
Dividend per share 5.0 cents FY2024 comparative PDF p. 13

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Auditors Deloitte & Touche LLP Group PDF p. 52
Engagement partner Hoe Chi-Hsien Group PDF p. 56
Opinion properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)s”) so as to give a true and fair view Group and Company PDF p. 53

Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

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

Comparative figures follow Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Five full years ended 31 December 2021–2025. Monetary amounts are Singapore dollars thousands ($’000); EPS is Singapore cents per share. The source gives Group profit/OCI and cashflow, and Group and Company balance/equity statements. Separate Company profit/OCI and cashflow primary statements are not disclosed.

All adjacent audited primary comparatives reconcile without numerical restatement. Added zero fair-value reserve columns and omitted duplicate equity subtotals are explicitly mapped; original row captions and the two owners/total Group equity columns remain separate.

Cash and bank balances are not the same as cashflow cash equivalents: FY2025 40,465 less long-maturity deposits 28,571 equals 11,894; FY2024 47,855 less 19,135 equals 28,720. The original cash-reconciliation notes are retained (FY2025 PDF p.63; FY2024 p.65).

The cashflow source places PPE purchase outflows in both operating and investing activities. FY2025 amounts are 11,094 and 80; gross hire-purchase facility proceeds of 3,500 remain a separate financing inflow. NoteB discloses aggregate PPE cost 11,174 and corresponding lease financing 3,500; no extra deduction or reclassification is invented (FY2025 PDF pp.62–63).

FY2021 original cashflow prints a positive 1 on the row labelled Gain on disposal of property, plant and equipment; the later comparative labels the same positive amount (Gain) Loss on disposal. The original caption and sign are preserved (FY2021 PDF p.65; FY2022 p.66).

Basic and diluted EPS use weighted ordinary shares in thousands. FY2025 profit 5,107 divided by weighted shares 108,751 gives 4.70 Singapore cents; the year-end ownership denominator is a different measure. Both original note columns and all five-year EPS calculations are reconciled (FY2025 PDF p.105).

Deloitte & Touche LLP gave an unmodified true-and-fair opinion. Engagement partner Hoe Chi-Hsien signed on 27 March 2026. The key audit matter is recoverability of trade receivables (FY2025 PDF pp.53–56).

Paid FY2025 dividends total 10,876: 5,438 for FY2024 final/special dividends plus 5,438 interim special dividend for FY2025. The proposed FY2025 final/special dividend of 5,438 was not accrued as a liability at the reporting date; later AGM approval is a separate event (FY2025 PDF p.105).

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