Baker Technology BTP
Financials
ANNUAL REPORT 2025
Explore the statements
78 tablesGroup combined comprehensive income
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Group combined comprehensive income | |||
| RevenueSingapore dollars thousands | 48,438 | 92,019 | PDF p. 94 |
| Cost of salesSingapore dollars thousands | (45,910) | (56,229) | PDF p. 94 |
| Gross profitSingapore dollars thousands | 2,528 | 35,790 | PDF p. 94 |
| Other incomeSingapore dollars thousands | 3,041 | 7,685 | PDF p. 94 |
| Administrative expensesSingapore dollars thousands | (20,712) | (22,515) | PDF p. 94 |
| Finance costSingapore dollars thousands | (737) | (901) | PDF p. 94 |
| Other expensesSingapore dollars thousands | (8,961) | – | PDF p. 94 |
| (Loss)/profit before taxSingapore dollars thousands | (24,841) | 20,059 | PDF p. 94 |
| Income tax expenseSingapore dollars thousands | (221) | (962) | PDF p. 94 |
| (Loss)/profit for the yearSingapore dollars thousands | (25,062) | 19,097 | PDF p. 94 |
| Profit or loss / Attributable to: | |||
| Owners of the CompanySingapore dollars thousands | (25,414) | 18,171 | PDF p. 94 |
| Non-controlling interestsSingapore dollars thousands | 352 | 926 | PDF p. 94 |
| SubtotalSingapore dollars thousands | (25,062) | 19,097 | PDF p. 94 |
| Items that will not be reclassified subsequently to profit or loss: | |||
| Net fair value (loss)/gain on equity instruments at fair valueSingapore dollars thousands | (44) | 50 | PDF p. 94 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Net fair value gain/(loss) on debt instruments at fair valueSingapore dollars thousands | 404 | (10) | PDF p. 94 |
| Foreign currency translationSingapore dollars thousands | (3,712) | 2,349 | PDF p. 94 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | (3,352) | 2,389 | PDF p. 94 |
| Total comprehensive income for the yearSingapore dollars thousands | (28,414) | 21,486 | PDF p. 94 |
| Total comprehensive income / Attributable to: | |||
| Owners of the CompanySingapore dollars thousands | (27,433) | 19,758 | PDF p. 94 |
| Non-controlling interestsSingapore dollars thousands | (981) | 1,728 | PDF p. 94 |
| SubtotalSingapore dollars thousands | (28,414) | 21,486 | PDF p. 94 |
| (Loss)/earnings per share attributable to owners of the Company | |||
| Basic and diluted (in cents)Singapore cents per share | (12.5) | 9.0 | PDF p. 94 |
Definitions & sources
Original report: PDF p. 94 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group cash flows
39 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| (Loss)/profit before taxSingapore dollars thousands | (24,841) | 20,059 | PDF p. 98 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 12,912 | 12,797 | PDF p. 98 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 1,285 | 1,021 | PDF p. 98 |
| Amortisation of intangible assetsSingapore dollars thousands | – | 258 | PDF p. 98 |
| Loss/(gain) on disposal of property, plant and equipmentSingapore dollars thousands | 301 | (8) | PDF p. 98 |
| Inventories written downSingapore dollars thousands | 313 | 46 | PDF p. 98 |
| Impairment loss on vesselSingapore dollars thousands | 1,959 | – | PDF p. 98 |
| Allowance for expected credit lossesSingapore dollars thousands | – | 940 | PDF p. 98 |
| Interest incomeSingapore dollars thousands | (2,671) | (3,529) | PDF p. 98 |
| Interest expenseSingapore dollars thousands | 737 | 901 | PDF p. 98 |
| Unrealised foreign exchange loss/(gain)Singapore dollars thousands | 6,648 | (3,966) | PDF p. 98 |
| Operating cash flows before working capital changesSingapore dollars thousands | (3,357) | 28,519 | PDF p. 98 |
| Increase in inventories and work-in-progressSingapore dollars thousands | (225) | (462) | PDF p. 98 |
| (Increase)/decrease in contract assetsSingapore dollars thousands | (482) | 1,701 | PDF p. 98 |
| Increase/(decrease) in contract liabilitiesSingapore dollars thousands | 322 | (791) | PDF p. 98 |
| Decrease in trade and other receivablesSingapore dollars thousands | 6,961 | 8,637 | PDF p. 98 |
| Increase in prepaid operating expensesSingapore dollars thousands | (512) | (610) | PDF p. 98 |
| (Decrease)/increase in payables and accrualsSingapore dollars thousands | (6,744) | 438 | PDF p. 98 |
| Cash flows from operationsSingapore dollars thousands | (4,037) | 37,432 | PDF p. 98 |
| Interest receivedSingapore dollars thousands | 3,301 | 4,351 | PDF p. 98 |
| Interest paidSingapore dollars thousands | (737) | (901) | PDF p. 98 |
| Income tax paidSingapore dollars thousands | (1,819) | (1,451) | PDF p. 98 |
| Net cash flows (used in)/from operating activitiesSingapore dollars thousands | (3,292) | 39,431 | PDF p. 98 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (8,549) | (5,961) | PDF p. 98 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars thousands | 1 | 20 | PDF p. 98 |
| Proceeds from short-term deposit with terms more than three months, netSingapore dollars thousands | 27,000 | 18,189 | PDF p. 98 |
| Maturity of investment securitiesSingapore dollars thousands | 4,670 | 6,080 | PDF p. 98 |
| Purchase of investment securitiesSingapore dollars thousands | (10,017) | (10,976) | PDF p. 98 |
| Repayment from associatesSingapore dollars thousands | 571 | 582 | PDF p. 98 |
| Net cash flows generated from investing activitiesSingapore dollars thousands | 13,676 | 7,934 | PDF p. 98 |
| Cash flows from financing activities | |||
| Proceeds from subsidiary’s share issuance to minority shareholdersSingapore dollars thousands | 6,127 | – | PDF p. 98 |
| Repayment of borrowingsSingapore dollars thousands | (1,841) | (1,409) | PDF p. 98 |
| Payment of principal portion of lease liabilitiesSingapore dollars thousands | (712) | (629) | PDF p. 98 |
| Dividend on ordinary sharesSingapore dollars thousands | (4,058) | (3,043) | PDF p. 98 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (484) | (5,081) | PDF p. 98 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 9,900 | 42,284 | PDF p. 98 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | 331 | 381 | PDF p. 98 |
| Cash and cash equivalents at beginning of financial yearSingapore dollars thousands | 79,415 | 36,750 | PDF p. 98 |
| Cash and cash equivalents at end of financial yearSingapore dollars thousands | 89,646 | 79,415 | PDF p. 98 |
Definitions & sources
Original report: PDF p. 98 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group financial position
35 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars thousands | 117,277 | 130,578 | PDF p. 95 |
| Right-of-use assetsSingapore dollars thousands | 8,148 | 7,557 | PDF p. 95 |
| Intangible assetsSingapore dollars thousands | – | – | PDF p. 95 |
| Investment in subsidiariesSingapore dollars thousands | – | – | PDF p. 95 |
| Investment in associated companySingapore dollars thousands | – | – | PDF p. 95 |
| Investment securitiesSingapore dollars thousands | 19,681 | 13,007 | PDF p. 95 |
| Deferred tax assetsSingapore dollars thousands | 492 | – | PDF p. 95 |
| SubtotalSingapore dollars thousands | 145,598 | 151,142 | PDF p. 95 |
| Current assets | |||
| Contract assetsSingapore dollars thousands | 1,257 | 775 | PDF p. 95 |
| Investment securitiesSingapore dollars thousands | 968 | 2,586 | PDF p. 95 |
| Inventories and work-in-progressSingapore dollars thousands | 7,089 | 7,177 | PDF p. 95 |
| Trade and other receivablesSingapore dollars thousands | 7,684 | 14,565 | PDF p. 95 |
| Prepaid operating expensesSingapore dollars thousands | 1,924 | 1,412 | PDF p. 95 |
| Amounts due from subsidiariesSingapore dollars thousands | – | – | PDF p. 95 |
| Loan to an associated companySingapore dollars thousands | 2,769 | 3,525 | PDF p. 95 |
| Cash and short-term depositsSingapore dollars thousands | 95,228 | 111,997 | PDF p. 95 |
| SubtotalSingapore dollars thousands | 116,919 | 142,037 | PDF p. 95 |
| Current liabilities | |||
| Contract liabilitiesSingapore dollars thousands | 415 | 93 | PDF p. 95 |
| Current assets | |||
| Payables and accrualsSingapore dollars thousands | 11,392 | 13,722 | PDF p. 95 |
| ProvisionSingapore dollars thousands | 272 | 450 | PDF p. 95 |
| Loans and borrowingsSingapore dollars thousands | 5,727 | 7,423 | PDF p. 95 |
| Amounts due to subsidiariesSingapore dollars thousands | – | – | PDF p. 95 |
| Income tax payableSingapore dollars thousands | 525 | 1,642 | PDF p. 95 |
| SubtotalSingapore dollars thousands | 18,331 | 23,330 | PDF p. 95 |
| Net current assetsSingapore dollars thousands | 98,588 | 118,707 | PDF p. 95 |
| Non-current liabilities | |||
| Deferred tax liabilitiesSingapore dollars thousands | 449 | 471 | PDF p. 95 |
| Loans and borrowingsSingapore dollars thousands | 7,215 | 6,763 | PDF p. 95 |
| ProvisionSingapore dollars thousands | 1,832 | 1,580 | PDF p. 95 |
| SubtotalSingapore dollars thousands | 9,496 | 8,814 | PDF p. 95 |
| Net assetsSingapore dollars thousands | 234,690 | 261,035 | PDF p. 95 |
| Equity attributable to owners of the Company | |||
| Share capitalSingapore dollars thousands | 108,788 | 108,788 | PDF p. 95 |
| ReservesSingapore dollars thousands | 95,049 | 126,540 | PDF p. 95 |
| SubtotalSingapore dollars thousands | 203,837 | 235,328 | PDF p. 95 |
| Non-controlling interestsSingapore dollars thousands | 30,853 | 25,707 | PDF p. 95 |
| Total equitySingapore dollars thousands | 234,690 | 261,035 | PDF p. 95 |
Definitions & sources
Original report: PDF p. 95 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Company financial position
35 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / year ended 31 December 2025 | 2024Company / year ended 31 December 2024 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars thousands | 1 | 2 | PDF p. 95 |
| Right-of-use assetsSingapore dollars thousands | – | – | PDF p. 95 |
| Intangible assetsSingapore dollars thousands | – | – | PDF p. 95 |
| Investment in subsidiariesSingapore dollars thousands | 75,052 | 78,152 | PDF p. 95 |
| Investment in associated companySingapore dollars thousands | – | – | PDF p. 95 |
| Investment securitiesSingapore dollars thousands | 19,681 | 13,007 | PDF p. 95 |
| Deferred tax assetsSingapore dollars thousands | – | – | PDF p. 95 |
| SubtotalSingapore dollars thousands | 94,734 | 91,161 | PDF p. 95 |
| Current assets | |||
| Contract assetsSingapore dollars thousands | – | – | PDF p. 95 |
| Investment securitiesSingapore dollars thousands | 968 | 2,586 | PDF p. 95 |
| Inventories and work-in-progressSingapore dollars thousands | – | – | PDF p. 95 |
| Trade and other receivablesSingapore dollars thousands | 210 | 840 | PDF p. 95 |
| Prepaid operating expensesSingapore dollars thousands | 24 | 16 | PDF p. 95 |
| Amounts due from subsidiariesSingapore dollars thousands | 74,843 | 61,580 | PDF p. 95 |
| Loan to an associated companySingapore dollars thousands | – | – | PDF p. 95 |
| Cash and short-term depositsSingapore dollars thousands | 62,651 | 90,023 | PDF p. 95 |
| SubtotalSingapore dollars thousands | 138,696 | 155,045 | PDF p. 95 |
| Current liabilities | |||
| Contract liabilitiesSingapore dollars thousands | – | – | PDF p. 95 |
| Current assets | |||
| Payables and accrualsSingapore dollars thousands | 569 | 654 | PDF p. 95 |
| ProvisionSingapore dollars thousands | – | – | PDF p. 95 |
| Loans and borrowingsSingapore dollars thousands | – | – | PDF p. 95 |
| Amounts due to subsidiariesSingapore dollars thousands | 3,890 | 4,191 | PDF p. 95 |
| Income tax payableSingapore dollars thousands | – | 36 | PDF p. 95 |
| SubtotalSingapore dollars thousands | 4,459 | 4,881 | PDF p. 95 |
| Net current assetsSingapore dollars thousands | 134,237 | 150,164 | PDF p. 95 |
| Non-current liabilities | |||
| Deferred tax liabilitiesSingapore dollars thousands | – | – | PDF p. 95 |
| Loans and borrowingsSingapore dollars thousands | – | – | PDF p. 95 |
| ProvisionSingapore dollars thousands | – | – | PDF p. 95 |
| SubtotalSingapore dollars thousands | – | – | PDF p. 95 |
| Net assetsSingapore dollars thousands | 228,971 | 241,325 | PDF p. 95 |
| Equity attributable to owners of the Company | |||
| Share capitalSingapore dollars thousands | 108,788 | 108,788 | PDF p. 95 |
| ReservesSingapore dollars thousands | 120,183 | 132,537 | PDF p. 95 |
| SubtotalSingapore dollars thousands | 228,971 | 241,325 | PDF p. 95 |
| Non-controlling interestsSingapore dollars thousands | – | – | PDF p. 95 |
| Total equitySingapore dollars thousands | 228,971 | 241,325 | PDF p. 95 |
Definitions & sources
Original report: PDF p. 95 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group changes in equity / 2025
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 / Share capital | 2025Group / year ended 31 December 2025 / Capital reserve | 2025Group / year ended 31 December 2025 / Retained earnings | 2025Group / year ended 31 December 2025 / Fair value reserve | 2025Group / year ended 31 December 2025 / Foreign currency translation reserve | 2025Group / year ended 31 December 2025 / Total reserves | 2025Group / year ended 31 December 2025 / Non-controlling interests | 2025Group / year ended 31 December 2025 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||
| At 1 January 2025Singapore dollars thousands | 108,788 | 2,344 | 123,448 | 1,378 | (630) | 126,540 | 25,707 | 261,035 | PDF p. 96 |
| Loss for the yearSingapore dollars thousands | – | – | (25,414) | – | – | (25,414) | 352 | (25,062) | PDF p. 96 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | – | – | – | (44) | – | (44) | – | (44) | PDF p. 96 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | – | – | – | 404 | – | 404 | – | 404 | PDF p. 96 |
| Foreign currency translationSingapore dollars thousands | – | – | – | – | (2,379) | (2,379) | (1,333) | (3,712) | PDF p. 96 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | (25,414) | 360 | (2,379) | (27,433) | (981) | (28,414) | PDF p. 96 |
| Dividend on ordinary shares (Note 29)Singapore dollars thousands | – | – | (4,058) | – | – | (4,058) | – | (4,058) | PDF p. 96 |
| Issuance of shares by subsidiary to minority shareholdersSingapore dollars thousands | – | – | – | – | – | – | 6,127 | 6,127 | PDF p. 96 |
| At 31 December 2025Singapore dollars thousands | 108,788 | 2,344 | 93,976 | 1,738 | (3,009) | 95,049 | 30,853 | 234,690 | PDF p. 96 |
Definitions & sources
Original report: PDF p. 96 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group changes in equity / 2024
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 December 2024 / Share capital | 2024Group / year ended 31 December 2024 / Capital reserve | 2024Group / year ended 31 December 2024 / Retained earnings | 2024Group / year ended 31 December 2024 / Fair value reserve | 2024Group / year ended 31 December 2024 / Foreign currency translation reserve | 2024Group / year ended 31 December 2024 / Total reserves | 2024Group / year ended 31 December 2024 / Non-controlling interests | 2024Group / year ended 31 December 2024 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||
| At 1 January 2024Singapore dollars thousands | 108,788 | 2,344 | 108,320 | 1,338 | (2,177) | 109,825 | 23,979 | 242,592 | PDF p. 96 |
| Profit for the yearSingapore dollars thousands | – | – | 18,171 | – | – | 18,171 | 926 | 19,097 | PDF p. 96 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | – | – | – | 50 | – | 50 | – | 50 | PDF p. 96 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | – | – | – | (10) | – | (10) | – | (10) | PDF p. 96 |
| Foreign currency translationSingapore dollars thousands | – | – | – | – | 1,547 | 1,547 | 802 | 2,349 | PDF p. 96 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | 18,171 | 40 | 1,547 | 19,758 | 1,728 | 21,486 | PDF p. 96 |
| Dividend on ordinary shares (Note 29)Singapore dollars thousands | – | – | (3,043) | – | – | (3,043) | – | (3,043) | PDF p. 96 |
| At 31 December 2024Singapore dollars thousands | 108,788 | 2,344 | 123,448 | 1,378 | (630) | 126,540 | 25,707 | 261,035 | PDF p. 96 |
Definitions & sources
Original report: PDF p. 96 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Company changes in equity / 2025
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / year ended 31 December 2025 / Share capital | 2025Company / year ended 31 December 2025 / Capital reserve | 2025Company / year ended 31 December 2025 / Retained earnings | 2025Company / year ended 31 December 2025 / Fair value reserve | 2025Company / year ended 31 December 2025 / Total reserves | 2025Company / year ended 31 December 2025 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| At 1 January 2025Singapore dollars thousands | 108,788 | 2,344 | 128,815 | 1,378 | 132,537 | 241,325 | PDF p. 97 |
| Loss for the yearSingapore dollars thousands | – | – | (8,656) | – | (8,656) | (8,656) | PDF p. 97 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | – | – | – | (44) | (44) | (44) | PDF p. 97 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | – | – | – | 404 | 404 | 404 | PDF p. 97 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | (8,656) | 360 | (8,296) | (8,296) | PDF p. 97 |
| Dividend on ordinary shares (Note 29)Singapore dollars thousands | – | – | (4,058) | – | (4,058) | (4,058) | PDF p. 97 |
| At 31 December 2025Singapore dollars thousands | 108,788 | 2,344 | 116,101 | 1,738 | 120,183 | 228,971 | PDF p. 97 |
Definitions & sources
Original report: PDF p. 97 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Company changes in equity / 2024
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Company / year ended 31 December 2024 / Share capital | 2024Company / year ended 31 December 2024 / Capital reserve | 2024Company / year ended 31 December 2024 / Retained earnings | 2024Company / year ended 31 December 2024 / Fair value reserve | 2024Company / year ended 31 December 2024 / Total reserves | 2024Company / year ended 31 December 2024 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| At 1 January 2024Singapore dollars thousands | 108,788 | 2,344 | 127,339 | 1,338 | 131,021 | 239,809 | PDF p. 97 |
| Profit for the yearSingapore dollars thousands | – | – | 4,519 | – | 4,519 | 4,519 | PDF p. 97 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | – | – | – | 50 | 50 | 50 | PDF p. 97 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | – | – | – | (10) | (10) | (10) | PDF p. 97 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | 4,519 | 40 | 4,559 | 4,559 | PDF p. 97 |
| Dividend on ordinary shares (Note 29)Singapore dollars thousands | – | – | (3,043) | – | (3,043) | (3,043) | PDF p. 97 |
| At 31 December 2024Singapore dollars thousands | 108,788 | 2,344 | 128,815 | 1,378 | 132,537 | 241,325 | PDF p. 97 |
Definitions & sources
Original report: PDF p. 97 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Original five-year financial highlights / Singapore dollars thousands
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | 2022Group / year ended 31 December 2022 | 2023Group / year ended 31 December 2023 | 2024Group / year ended 31 December 2024 | 2025Group / year ended 31 December 2025 | Source |
|---|---|---|---|---|---|---|
| Original five-year financial highlights | ||||||
| RevenueSingapore dollars thousands | 69,497 | 98,501 | 91,415 | 92,019 | 48,438 | PDF p. 14 |
| Gross profitSingapore dollars thousands | 18,177 | 31,810 | 28,044 | 35,790 | 2,528 | PDF p. 14 |
| Pre-tax profit/(loss)Singapore dollars thousands | 2,440 | 11,003 | 3,222 | 20,059 | (24,841) | PDF p. 14 |
| Profit/(loss) after taxSingapore dollars thousands | 2,886 | 11,332 | 3,572 | 19,097 | (25,062) | PDF p. 14 |
| Profit/(loss) for the year attributable to Owners of the CompanySingapore dollars thousands | 5,886 | 13,400 | 8,287 | 18,171 | (25,414) | PDF p. 14 |
| Total assetsSingapore dollars thousands | 266,251 | 271,744 | 279,454 | 293,179 | 262,517 | PDF p. 14 |
| Cash and short-term depositsSingapore dollars thousands | 59,760 | 71,467 | 87,521 | 111,997 | 95,228 | PDF p. 14 |
| Net current assetsSingapore dollars thousands | 75,695 | 94,963 | 103,316 | 118,707 | 98,588 | PDF p. 14 |
| Loans and borrowingsSingapore dollars thousands | 15,076 | 11,278 | 16,176 | 14,186 | 12,942 | PDF p. 14 |
| Shareholders' equitySingapore dollars thousands | 201,093 | 212,863 | 218,613 | 235,328 | 203,837 | PDF p. 14 |
| Non-controlling interestsSingapore dollars thousands | 31,360 | 29,143 | 23,979 | 25,707 | 30,853 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Original ROE/ROA definitions and denominators are not stated; retain reported percentages without substituting a computed ratio. Dividend cover and market capitalisation retain original rounding. Stock share counts are thousands, unlike exact issued counts in Note 24. Highest and lowest prices are split from the explicitly ordered original pair.
Original five-year financial highlights / Singapore cents per share
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | 2022Group / year ended 31 December 2022 | 2023Group / year ended 31 December 2023 | 2024Group / year ended 31 December 2024 | 2025Group / year ended 31 December 2025 | Source |
|---|---|---|---|---|---|---|
| Original five-year financial highlights | ||||||
| Earnings/(loss) per shareSingapore cents per share | 2.9 | 6.6 | 4.1 | 9.0 | (12.5) | PDF p. 14 |
| Dividend per shareSingapore cents per share | 0.5 | 1.0 | 1.5 | 2.0 | 1.5 | PDF p. 14 |
| Cash per shareSingapore cents per share | 29.5 | 35.2 | 43.1 | 55.2 | 46.9 | PDF p. 14 |
| Net asset value per shareSingapore cents per share | 99.1 | 104.9 | 107.8 | 116.0 | 100.5 | PDF p. 14 |
| Highest in original highest/lowest pair | ||||||
| Highest/lowest share price (cents)Singapore cents per share | 46.5 | 66.5 | 68.5 | 67.0 | 63.0 | PDF p. 14 |
| Lowest in original highest/lowest pair | ||||||
| Highest/lowest share price (cents)Singapore cents per share | 22.0 | 38.0 | 50.0 | 50.0 | 50.0 | PDF p. 14 |
| Original five-year financial highlights | ||||||
| Year-end share price (cents)Singapore cents per share | 39.5 | 65.0 | 52.0 | 61.0 | 50.5 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Original ROE/ROA definitions and denominators are not stated; retain reported percentages without substituting a computed ratio. Dividend cover and market capitalisation retain original rounding. Stock share counts are thousands, unlike exact issued counts in Note 24. Highest and lowest prices are split from the explicitly ordered original pair.
Original five-year financial highlights / Percent
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | 2022Group / year ended 31 December 2022 | 2023Group / year ended 31 December 2023 | 2024Group / year ended 31 December 2024 | 2025Group / year ended 31 December 2025 | Source |
|---|---|---|---|---|---|---|
| Original five-year financial highlights | ||||||
| Return on shareholders' equityPercent | 1 | 5 | 2 | 7 | -11 | PDF p. 14 |
| Return on assetsPercent | 1 | 4 | 1 | 7 | -10 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Original ROE/ROA definitions and denominators are not stated; retain reported percentages without substituting a computed ratio. Dividend cover and market capitalisation retain original rounding. Stock share counts are thousands, unlike exact issued counts in Note 24. Highest and lowest prices are split from the explicitly ordered original pair.
Original five-year financial highlights / Times
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | 2022Group / year ended 31 December 2022 | 2023Group / year ended 31 December 2023 | 2024Group / year ended 31 December 2024 | 2025Group / year ended 31 December 2025 | Source |
|---|---|---|---|---|---|---|
| Original five-year financial highlights | ||||||
| Dividend coverTimes | 5.8 | 6.6 | 2.7 | 4.5 | (8.4) | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Original ROE/ROA definitions and denominators are not stated; retain reported percentages without substituting a computed ratio. Dividend cover and market capitalisation retain original rounding. Stock share counts are thousands, unlike exact issued counts in Note 24. Highest and lowest prices are split from the explicitly ordered original pair.
Original five-year financial highlights / Shares thousands
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | 2022Group / year ended 31 December 2022 | 2023Group / year ended 31 December 2023 | 2024Group / year ended 31 December 2024 | 2025Group / year ended 31 December 2025 | Source |
|---|---|---|---|---|---|---|
| Original five-year financial highlights | ||||||
| Number of shares on issue ('000)Shares thousands | 202,878 | 202,878 | 202,878 | 202,878 | 202,878 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Original ROE/ROA definitions and denominators are not stated; retain reported percentages without substituting a computed ratio. Dividend cover and market capitalisation retain original rounding. Stock share counts are thousands, unlike exact issued counts in Note 24. Highest and lowest prices are split from the explicitly ordered original pair.
Original five-year financial highlights / Singapore dollars millions
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | 2022Group / year ended 31 December 2022 | 2023Group / year ended 31 December 2023 | 2024Group / year ended 31 December 2024 | 2025Group / year ended 31 December 2025 | Source |
|---|---|---|---|---|---|---|
| Original five-year financial highlights | ||||||
| Year-end market capitalisation ($'m)Singapore dollars millions | 80.1 | 131.9 | 105.5 | 123.8 | 102.5 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Original ROE/ROA definitions and denominators are not stated; retain reported percentages without substituting a computed ratio. Dividend cover and market capitalisation retain original rounding. Stock share counts are thousands, unlike exact issued counts in Note 24. Highest and lowest prices are split from the explicitly ordered original pair.
Original EPS profit input / 2025
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Original EPS inputs | |||
| (Loss)/profit for the year attributable to owners of the Company used in the computation of basic and diluted earnings per ordinary shareSingapore dollars thousands | (25,414) | 18,171 | PDF p. 129 |
Definitions & sources
Original report: PDF p. 129 ↗
Original EPS weighted share count / 2025
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Original EPS inputs | |||
| Weighted average number of ordinary shares for basic earnings per share computationShares | 202,877,948 | 202,877,948 | PDF p. 129 |
Definitions & sources
Original report: PDF p. 129 ↗
Original issued ordinary shares / 2025
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company / year ended 31 December 2025 | 2024Group and Company / year ended 31 December 2024 | Source |
|---|---|---|---|
| Original exact issued ordinary shares | |||
| Issued and fully paid ordinary sharesShares | 202,877,948 | 202,877,948 | PDF p. 147 |
Definitions & sources
Original report: PDF p. 147 ↗
Original cash and deposits / 2025
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | 2025Company / year ended 31 December 2025 | 2024Company / year ended 31 December 2024 | Source |
|---|---|---|---|---|---|
| Original cash and short-term deposits bridge | |||||
| Cash at banks and on handUS dollars thousands (as printed) | 22,417 | 26,512 | 6,408 | 6,578 | PDF p. 144 |
| Short-term depositsUS dollars thousands (as printed) | 72,811 | 85,485 | 56,243 | 83,445 | PDF p. 144 |
| SubtotalUS dollars thousands (as printed) | 95,228 | 111,997 | 62,651 | 90,023 | PDF p. 144 |
| Less: Short-term deposits with terms more than three monthsUS dollars thousands (as printed) | (5,582) | (32,582) | (5,582) | (32,582) | PDF p. 144 |
| Cash and cash equivalents in the consolidated cash flow statementUS dollars thousands (as printed) | 89,646 | 79,415 | 57,069 | 57,441 | PDF p. 144 |
Definitions & sources
Original report: PDF p. 144 ↗
FY2025 original Note 21 prints US-dollar headers; its numbers equal the SGD primary statement cash/deposit balances. The inconsistent original header is preserved without conversion or an invented correction. FY2024 Note 21 removes deposits over three months from cash equivalents, including comparative FY2023; the older FY2023 original includes all deposits.
Current Note 21, physical page 144, explicitly prints US-dollar-thousand headers, although its numbers equal the Singapore-dollar cash/deposit figures in the primary statements and the reporting basis is Singapore Dollars. The selected table preserves US dollars thousands (as printed). Note 22 on physical page 145 has the same header inconsistency. No conversion, exchange rate or silently corrected unit is invented; the inspected official supplements do not supply a correction.
Original paid and proposed dividends / 2025
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company / year ended 31 December 2025 | 2024Group and Company / year ended 31 December 2024 | Source |
|---|---|---|---|
| Dividend on ordinary shares: | |||
| – First and final tax exempt (one-tier) dividend for 2024: 2.0 cents (2023: 1.5 cents) per shareSingapore dollars thousands | 4,058 | 3,043 | PDF p. 153 |
| Dividend on ordinary shares, subject to shareholders’ approval at the AGM: | |||
| – First and final tax exempt (one-tier) dividend for 2025: 1.5 cents (2024: 2.0 cents) per shareSingapore dollars thousands | 3,043 | 4,058 | PDF p. 153 |
Definitions & sources
Original report: PDF p. 153 ↗
First row paid during the reporting year; second row proposed and not recognised as a liability. Rates in captions differ from thousand-dollar dividend amounts.
Original revenue categories
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Original revenue categories | |||
| Marine offshore revenueSingapore dollars thousands | 34,909 | 77,519 | PDF p. 125 |
| Spare salesSingapore dollars thousands | 13,529 | 14,500 | PDF p. 125 |
| SubtotalSingapore dollars thousands | 48,438 | 92,019 | PDF p. 125 |
Definitions & sources
Original report: PDF p. 125 ↗
Original other income and expenses
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Original other income and expenses | |||
| Interest income from short term deposits and quoted corporate bondsSingapore dollars thousands | 2,671 | 3,529 | PDF p. 126 |
| Other sundry incomeSingapore dollars thousands | 179 | 390 | PDF p. 126 |
| Dividend income from unquoted equity investmentSingapore dollars thousands | 44 | – | PDF p. 126 |
| Grant incomeSingapore dollars thousands | 147 | 133 | PDF p. 126 |
| Foreign exchange gainSingapore dollars thousands | – | 3,625 | PDF p. 126 |
| Gain on disposal of property, plant and equipmentSingapore dollars thousands | – | 8 | PDF p. 126 |
| Other incomeSingapore dollars thousands | 3,041 | 7,685 | PDF p. 126 |
| Foreign exchange lossSingapore dollars thousands | 6,701 | – | PDF p. 126 |
| Impairment loss on vesselSingapore dollars thousands | 1,959 | – | PDF p. 126 |
| Loss on disposal of property, plant and equipmentSingapore dollars thousands | 301 | – | PDF p. 126 |
| Other expensesSingapore dollars thousands | 8,961 | – | PDF p. 126 |
Definitions & sources
Original report: PDF p. 126 ↗
Original tax components
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Current income tax: | |||
| – Current income taxationSingapore dollars thousands | 866 | 1,810 | PDF p. 127 |
| – Over provision in respect of prior yearsSingapore dollars thousands | (147) | (268) | PDF p. 127 |
| SubtotalSingapore dollars thousands | 719 | 1,542 | PDF p. 127 |
| Deferred income tax: | |||
| – Over provision in respect of prior yearsSingapore dollars thousands | – | (114) | PDF p. 127 |
| – Origination and reversal of temporary difference (Note 17)Singapore dollars thousands | (498) | (466) | PDF p. 127 |
| Income tax expense recognised in the statement of comprehensive incomeSingapore dollars thousands | 221 | 962 | PDF p. 127 |
Definitions & sources
Original report: PDF p. 127 ↗
Original tax reconciliation
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Original tax reconciliation | |||
| (Loss)/profit before taxSingapore dollars thousands | (24,841) | 20,059 | PDF p. 128 |
| Income tax expense at the applicable tax rate of 17% (2024: 17%)Singapore dollars thousands | (4,223) | 3,410 | PDF p. 128 |
| Adjustments for tax effect of: | |||
| Effect of different tax rates of companies operating in different jurisdictionsSingapore dollars thousands | 272 | (4) | PDF p. 128 |
| Deferred tax assets not recognisedSingapore dollars thousands | 632 | 930 | PDF p. 128 |
| Utilisation of deferred tax benefits previously not recognisedSingapore dollars thousands | (429) | (1,193) | PDF p. 128 |
| (1) Income not subject to taxSingapore dollars thousands | (785) | (3,084) | PDF p. 128 |
| (1) Net loss not eligible for tax benefit recognitionSingapore dollars thousands | 3,624 | – | PDF p. 128 |
| Non-deductible expensesSingapore dollars thousands | 1,402 | 1,303 | PDF p. 128 |
| Over provision in respect of prior yearsSingapore dollars thousands | (147) | (382) | PDF p. 128 |
| Others, netSingapore dollars thousands | (125) | (18) | PDF p. 128 |
| Income tax expense recognised in profit or lossSingapore dollars thousands | 221 | 962 | PDF p. 128 |
Definitions & sources
Original report: PDF p. 128 ↗
Company investment in subsidiaries
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / year ended 31 December 2025 | 2024Company / year ended 31 December 2024 | Source |
|---|---|---|---|
| Company investment in subsidiaries | |||
| Shares, at costSingapore dollars thousands | 30,000 | 30,000 | PDF p. 134 |
| Amounts due from subsidiaries*Singapore dollars thousands | 112,852 | 107,852 | PDF p. 134 |
| Less: Allowance for impairmentSingapore dollars thousands | (67,800) | (59,700) | PDF p. 134 |
| SubtotalSingapore dollars thousands | 75,052 | 78,152 | PDF p. 134 |
Definitions & sources
Original report: PDF p. 134 ↗
Company subsidiary impairment allowance
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / year ended 31 December 2025 | 2024Company / year ended 31 December 2024 | Source |
|---|---|---|---|
| Company subsidiary impairment allowance | |||
| At 1 JanuarySingapore dollars thousands | 59,700 | 43,400 | PDF p. 134 |
| Charge for the yearSingapore dollars thousands | 8,100 | 16,300 | PDF p. 134 |
| At 31 DecemberSingapore dollars thousands | 67,800 | 59,700 | PDF p. 134 |
Definitions & sources
Original report: PDF p. 134 ↗
CH Offshore financial position
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CH Offshore Ltd. before intercompany eliminations / year ended 31 December 2025 | 2024CH Offshore Ltd. before intercompany eliminations / year ended 31 December 2024 | Source |
|---|---|---|---|
| CH Offshore financial position | |||
| Current assetsSingapore dollars thousands | 32,440 | 20,592 | PDF p. 137 |
| Non-current assetsSingapore dollars thousands | 48,456 | 52,803 | PDF p. 137 |
| Total assetsSingapore dollars thousands | 80,896 | 73,395 | PDF p. 137 |
| Current liabilitiesSingapore dollars thousands | 13,561 | 16,168 | PDF p. 137 |
| Non-current liabilitiesSingapore dollars thousands | 1,025 | 638 | PDF p. 137 |
| Total liabilitiesSingapore dollars thousands | 14,586 | 16,806 | PDF p. 137 |
| Net assetsSingapore dollars thousands | 66,310 | 56,589 | PDF p. 137 |
Definitions & sources
Original report: PDF p. 137 ↗
CH Offshore comprehensive income
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CH Offshore Ltd. before intercompany eliminations / year ended 31 December 2025 | 2024CH Offshore Ltd. before intercompany eliminations / year ended 31 December 2024 | Source |
|---|---|---|---|
| CH Offshore comprehensive income | |||
| RevenueSingapore dollars thousands | 27,197 | 35,081 | PDF p. 137 |
| (Loss)/profit before income taxSingapore dollars thousands | (868) | 2,211 | PDF p. 137 |
| Income tax expensesSingapore dollars thousands | (145) | (449) | PDF p. 137 |
| (Loss)/profit after tax, representing total comprehensive incomeSingapore dollars thousands | (1,013) | 1,762 | PDF p. 137 |
Definitions & sources
Original report: PDF p. 137 ↗
CH Offshore cash flows
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CH Offshore Ltd. before intercompany eliminations / year ended 31 December 2025 | 2024CH Offshore Ltd. before intercompany eliminations / year ended 31 December 2024 | Source |
|---|---|---|---|
| CH Offshore cash flows | |||
| OperatingSingapore dollars thousands | 8,236 | 10,309 | PDF p. 138 |
| InvestingSingapore dollars thousands | (5,927) | (4,644) | PDF p. 138 |
| FinancingSingapore dollars thousands | 12,069 | (1,388) | PDF p. 138 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 14,378 | 4,277 | PDF p. 138 |
Definitions & sources
Original report: PDF p. 138 ↗
PT Bahtera associate financial position
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025PT Bahtera Nusantara Indonesia / associate / year ended 31 December 2025 | 2024PT Bahtera Nusantara Indonesia / associate / year ended 31 December 2024 | Source |
|---|---|---|---|
| PT Bahtera associate financial position | |||
| Current assetsSingapore dollars thousands | 3,559 | 2,736 | PDF p. 139 |
| Non-current assetsSingapore dollars thousands | 5,477 | 9,317 | PDF p. 139 |
| Total assetsSingapore dollars thousands | 9,036 | 12,053 | PDF p. 139 |
| Current liabilitiesSingapore dollars thousands | 11,416 | 12,463 | PDF p. 139 |
| Total liabilitiesSingapore dollars thousands | 11,416 | 12,463 | PDF p. 139 |
| Net liabilitiesSingapore dollars thousands | (2,380) | (410) | PDF p. 139 |
| Group’s share of net assets, representing carrying amount of the investmentSingapore dollars thousands | – | – | PDF p. 139 |
Definitions & sources
Original report: PDF p. 139 ↗
PT Bahtera associate results
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025PT Bahtera Nusantara Indonesia / associate / year ended 31 December 2025 | 2024PT Bahtera Nusantara Indonesia / associate / year ended 31 December 2024 | Source |
|---|---|---|---|
| PT Bahtera associate results | |||
| RevenueSingapore dollars thousands | 3,167 | 4,741 | PDF p. 139 |
| Operating expensesSingapore dollars thousands | (3,968) | (4,095) | PDF p. 139 |
| Other expensesSingapore dollars thousands | (1,282) | (208) | PDF p. 139 |
| Other incomeSingapore dollars thousands | 112 | 56 | PDF p. 139 |
| (Loss)/profit before taxSingapore dollars thousands | (1,971) | 494 | PDF p. 139 |
| Income tax expenseSingapore dollars thousands | (54) | (58) | PDF p. 139 |
| (Loss)/profit after taxSingapore dollars thousands | (2,025) | 436 | PDF p. 139 |
| Group’s share of results for the yearSingapore dollars thousands | – | – | PDF p. 139 |
Definitions & sources
Original report: PDF p. 139 ↗
Original associate loan
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Original associate loan | |||
| Loan to an associated companySingapore dollars thousands | 4,344 | 5,192 | PDF p. 140 |
| Less: Allowance for impairmentSingapore dollars thousands | (1,575) | (1,667) | PDF p. 140 |
| SubtotalSingapore dollars thousands | 2,769 | 3,525 | PDF p. 140 |
Definitions & sources
Original report: PDF p. 140 ↗
Original investment securities
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company / year ended 31 December 2025 | 2024Group and Company / year ended 31 December 2024 | Source |
|---|---|---|---|
| Original investment securities | |||
| At fair value through other comprehensive income – Corporate bonds (quoted)Singapore dollars thousands | 12,534 | 12,578 | PDF p. 140 |
| – Unquoted equity securitiesSingapore dollars thousands | 8,115 | 3,015 | PDF p. 140 |
| SubtotalSingapore dollars thousands | 20,649 | 15,593 | PDF p. 140 |
| Net carrying amount | |||
| CurrentSingapore dollars thousands | 968 | 2,586 | PDF p. 140 |
| Original investment securities | |||
| Non-currentSingapore dollars thousands | 19,681 | 13,007 | PDF p. 140 |
| SubtotalSingapore dollars thousands | 20,649 | 15,593 | PDF p. 140 |
Definitions & sources
Original report: PDF p. 140 ↗
Original borrowing and lease composition
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 December 2025 | 2024Group / year ended 31 December 2024 | Source |
|---|---|---|---|
| Current: | |||
| Bank loan ASingapore dollars thousands | 4,995 | 5,970 | PDF p. 146 |
| Bank loan BSingapore dollars thousands | – | 872 | PDF p. 146 |
| Lease liabilities (Note 11)Singapore dollars thousands | 732 | 581 | PDF p. 146 |
| SubtotalSingapore dollars thousands | 5,727 | 7,423 | PDF p. 146 |
| Non-current: | |||
| Lease liabilities (Note 11)Singapore dollars thousands | 7,215 | 6,763 | PDF p. 146 |
| SubtotalSingapore dollars thousands | 7,215 | 6,763 | PDF p. 146 |
| SubtotalSingapore dollars thousands | 12,942 | 14,186 | PDF p. 146 |
Definitions & sources
Original report: PDF p. 146 ↗
Original financing liability reconciliation / 2025
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / Opening | 2025Group / Exchange differences | 2025Group / Repayment | 2025Group / Additions | 2025Group / Other reclassifications | 2025Group / Closing | Source |
|---|---|---|---|---|---|---|---|
| Original financing liability reconciliation | |||||||
| Borrowings – CurrentSingapore dollars thousands | 6,842 | (6) | (1,841) | – | – | 4,995 | PDF p. 146 |
| – Non-currentSingapore dollars thousands | – | – | – | – | – | – | PDF p. 146 |
| Lease liabilities – CurrentSingapore dollars thousands | 581 | – | (712) | 131 | 732 | 732 | PDF p. 146 |
| – Non-currentSingapore dollars thousands | 6,763 | 60 | – | 1,124 | (732) | 7,215 | PDF p. 146 |
| Total liabilities from financing activitiesSingapore dollars thousands | 14,186 | 54 | (2,553) | 1,255 | – | 12,942 | PDF p. 146 |
Definitions & sources
Original report: PDF p. 146 ↗
Original financing liability reconciliation / 2024
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / Opening | 2024Group / Repayment | 2024Group / Additions | 2024Group / Other reclassifications | 2024Group / Closing | Source |
|---|---|---|---|---|---|---|
| Original financing liability reconciliation | ||||||
| Borrowings – CurrentSingapore dollars thousands | 7,377 | (1,409) | – | 874 | 6,842 | PDF p. 146 |
| – Non-currentSingapore dollars thousands | 874 | – | – | (874) | – | PDF p. 146 |
| Lease liabilities – CurrentSingapore dollars thousands | 629 | (629) | – | 581 | 581 | PDF p. 146 |
| – Non-currentSingapore dollars thousands | 7,296 | – | 48 | (581) | 6,763 | PDF p. 146 |
| Total liabilities from financing activitiesSingapore dollars thousands | 16,176 | (2,038) | 48 | – | 14,186 | PDF p. 146 |
Definitions & sources
Original report: PDF p. 146 ↗
Group combined comprehensive income
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 December 2023 | Source |
|---|---|---|
| Group combined comprehensive income | ||
| RevenueSingapore dollars thousands | 91,415 | PDF p. 84 |
| Cost of salesSingapore dollars thousands | (63,371) | PDF p. 84 |
| Gross profitSingapore dollars thousands | 28,044 | PDF p. 84 |
| Other incomeSingapore dollars thousands | 3,205 | PDF p. 84 |
| Administrative expensesSingapore dollars thousands | (21,133) | PDF p. 84 |
| Finance costSingapore dollars thousands | (554) | PDF p. 84 |
| Other expensesSingapore dollars thousands | (6,340) | PDF p. 84 |
| Profit before taxSingapore dollars thousands | 3,222 | PDF p. 84 |
| Income tax (expense)/creditSingapore dollars thousands | 350 | PDF p. 84 |
| Profit for the yearSingapore dollars thousands | 3,572 | PDF p. 84 |
| Profit or loss / Attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 8,287 | PDF p. 84 |
| Non-controlling interestsSingapore dollars thousands | (4,715) | PDF p. 84 |
| SubtotalSingapore dollars thousands | 3,572 | PDF p. 84 |
| Items that will not be reclassified subsequently to profit or loss: | ||
| Net fair value gain on equity instruments at fair valueSingapore dollars thousands | 440 | PDF p. 84 |
| Items that may be reclassified subsequently to profit or loss: | ||
| Net fair value (loss)/gain on debt instruments at fair valueSingapore dollars thousands | 29 | PDF p. 84 |
| Foreign currency translationSingapore dollars thousands | (1,426) | PDF p. 84 |
| Other comprehensive loss for the year, net of taxSingapore dollars thousands | (957) | PDF p. 84 |
| Total comprehensive income for the year attributable to owners of the CompanySingapore dollars thousands | 2,615 | PDF p. 84 |
| Total comprehensive income / Attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 7,779 | PDF p. 84 |
| Non-controlling interestsSingapore dollars thousands | (5,164) | PDF p. 84 |
| SubtotalSingapore dollars thousands | 2,615 | PDF p. 84 |
| Earnings per share attributable to owners of the Company | ||
| Basic and diluted (in cents)Singapore cents per share | 4.1 | PDF p. 84 |
Definitions & sources
Original report: PDF p. 84 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group cash flows
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 December 2023 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before taxSingapore dollars thousands | 3,222 | PDF p. 88 |
| Adjustments for: | ||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 12,650 | PDF p. 88 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 1,141 | PDF p. 88 |
| Amortisation of intangible assetsSingapore dollars thousands | 259 | PDF p. 88 |
| Gain on disposal of property, plant and equipmentSingapore dollars thousands | – | PDF p. 88 |
| Inventories written downSingapore dollars thousands | 98 | PDF p. 88 |
| Impairment loss on vesselSingapore dollars thousands | 4,160 | PDF p. 88 |
| Allowance for expected credit lossesSingapore dollars thousands | 1,476 | PDF p. 88 |
| Interest incomeSingapore dollars thousands | (2,788) | PDF p. 88 |
| Interest expenseSingapore dollars thousands | 554 | PDF p. 88 |
| Unrealised foreign exchange (gain)/lossSingapore dollars thousands | 1,509 | PDF p. 88 |
| Operating cash flows before working capital changesSingapore dollars thousands | 22,281 | PDF p. 88 |
| Increase in inventories and work-in-progressSingapore dollars thousands | (2,782) | PDF p. 88 |
| Decrease in contract assetsSingapore dollars thousands | 4,346 | PDF p. 88 |
| (Decrease)/increase in contract liabilitiesSingapore dollars thousands | 308 | PDF p. 88 |
| Decrease in trade and other receivablesSingapore dollars thousands | 2,299 | PDF p. 88 |
| Increase in prepaid operating expensesSingapore dollars thousands | (74) | PDF p. 88 |
| Increase in payables and accrualsSingapore dollars thousands | 2,217 | PDF p. 88 |
| Cash flows from operationsSingapore dollars thousands | 28,595 | PDF p. 88 |
| Interest receivedSingapore dollars thousands | 2,106 | PDF p. 88 |
| Interest paidSingapore dollars thousands | (554) | PDF p. 88 |
| Income tax paidSingapore dollars thousands | (555) | PDF p. 88 |
| Net cash flows from operating activitiesSingapore dollars thousands | 29,592 | PDF p. 88 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars thousands | (3,458) | PDF p. 88 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars thousands | – | PDF p. 88 |
| Proceeds from/(placement in) short-term deposit with terms more than three months, netSingapore dollars thousands | (27,004) | PDF p. 88 |
| Maturity of investment securitiesSingapore dollars thousands | 3,870 | PDF p. 88 |
| Purchase of investment securitiesSingapore dollars thousands | (9,375) | PDF p. 88 |
| Repayment from associatesSingapore dollars thousands | 578 | PDF p. 88 |
| Net cash flows generated from/(used in) investing activitiesSingapore dollars thousands | (35,389) | PDF p. 88 |
| Cash flows from financing activities | ||
| Repayment of borrowingsSingapore dollars thousands | (1,271) | PDF p. 88 |
| Payment of principal portion of lease liabilitiesSingapore dollars thousands | (956) | PDF p. 88 |
| Dividend on ordinary sharesSingapore dollars thousands | (2,029) | PDF p. 88 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (4,256) | PDF p. 88 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands | (10,053) | PDF p. 88 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | (897) | PDF p. 88 |
| Cash and cash equivalents at beginning of financial yearSingapore dollars thousands | 47,700 | PDF p. 88 |
| Cash and cash equivalents at end of financial yearSingapore dollars thousands | 36,750 | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group financial position
34 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 December 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 134,048 | PDF p. 85 |
| Right-of-use assetsSingapore dollars thousands | 8,277 | PDF p. 85 |
| Intangible assetsSingapore dollars thousands | 258 | PDF p. 85 |
| Investment in subsidiariesSingapore dollars thousands | – | PDF p. 85 |
| Investment in associated companiesSingapore dollars thousands | – | PDF p. 85 |
| Investment securitiesSingapore dollars thousands | 7,691 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 150,274 | PDF p. 85 |
| Current assets | ||
| Contract assetsSingapore dollars thousands | 2,476 | PDF p. 85 |
| Investment securitiesSingapore dollars thousands | 2,729 | PDF p. 85 |
| Inventories and work-in-progressSingapore dollars thousands | 6,761 | PDF p. 85 |
| Trade and other receivablesSingapore dollars thousands | 24,901 | PDF p. 85 |
| Prepaid operating expensesSingapore dollars thousands | 802 | PDF p. 85 |
| Amounts due from subsidiariesSingapore dollars thousands | – | PDF p. 85 |
| Loan to an associated companySingapore dollars thousands | 3,990 | PDF p. 85 |
| Cash and short-term depositsSingapore dollars thousands | 87,521 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 129,180 | PDF p. 85 |
| Current liabilities | ||
| Contract liabilitiesSingapore dollars thousands | 884 | PDF p. 85 |
| Current assets | ||
| Payables and accrualsSingapore dollars thousands | 15,423 | PDF p. 85 |
| ProvisionSingapore dollars thousands | – | PDF p. 85 |
| Loans and borrowingsSingapore dollars thousands | 8,006 | PDF p. 85 |
| Amounts due to subsidiariesSingapore dollars thousands | – | PDF p. 85 |
| Income tax payableSingapore dollars thousands | 1,551 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 25,864 | PDF p. 85 |
| Net current assetsSingapore dollars thousands | 103,316 | PDF p. 85 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | 1,028 | PDF p. 85 |
| Loans and borrowingsSingapore dollars thousands | 8,170 | PDF p. 85 |
| ProvisionSingapore dollars thousands | 1,800 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 10,998 | PDF p. 85 |
| Net assetsSingapore dollars thousands | 242,592 | PDF p. 85 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 108,788 | PDF p. 85 |
| ReservesSingapore dollars thousands | 109,825 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 218,613 | PDF p. 85 |
| Non-controlling interestsSingapore dollars thousands | 23,979 | PDF p. 85 |
| Total equitySingapore dollars thousands | 242,592 | PDF p. 85 |
Definitions & sources
Original report: PDF p. 85 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Company financial position
34 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / year ended 31 December 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 3 | PDF p. 85 |
| Right-of-use assetsSingapore dollars thousands | – | PDF p. 85 |
| Intangible assetsSingapore dollars thousands | – | PDF p. 85 |
| Investment in subsidiariesSingapore dollars thousands | 88,600 | PDF p. 85 |
| Investment in associated companiesSingapore dollars thousands | − | PDF p. 85 |
| Investment securitiesSingapore dollars thousands | 7,691 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 96,294 | PDF p. 85 |
| Current assets | ||
| Contract assetsSingapore dollars thousands | – | PDF p. 85 |
| Investment securitiesSingapore dollars thousands | 2,729 | PDF p. 85 |
| Inventories and work-in-progressSingapore dollars thousands | − | PDF p. 85 |
| Trade and other receivablesSingapore dollars thousands | 960 | PDF p. 85 |
| Prepaid operating expensesSingapore dollars thousands | 18 | PDF p. 85 |
| Amounts due from subsidiariesSingapore dollars thousands | 74,913 | PDF p. 85 |
| Loan to an associated companySingapore dollars thousands | − | PDF p. 85 |
| Cash and short-term depositsSingapore dollars thousands | 72,984 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 151,604 | PDF p. 85 |
| Current liabilities | ||
| Contract liabilitiesSingapore dollars thousands | – | PDF p. 85 |
| Current assets | ||
| Payables and accrualsSingapore dollars thousands | 637 | PDF p. 85 |
| ProvisionSingapore dollars thousands | – | PDF p. 85 |
| Loans and borrowingsSingapore dollars thousands | − | PDF p. 85 |
| Amounts due to subsidiariesSingapore dollars thousands | 7,416 | PDF p. 85 |
| Income tax payableSingapore dollars thousands | 36 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 8,089 | PDF p. 85 |
| Net current assetsSingapore dollars thousands | 143,515 | PDF p. 85 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | – | PDF p. 85 |
| Loans and borrowingsSingapore dollars thousands | – | PDF p. 85 |
| ProvisionSingapore dollars thousands | – | PDF p. 85 |
| SubtotalSingapore dollars thousands | – | PDF p. 85 |
| Net assetsSingapore dollars thousands | 239,809 | PDF p. 85 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 108,788 | PDF p. 85 |
| ReservesSingapore dollars thousands | 131,021 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 239,809 | PDF p. 85 |
| Non-controlling interestsSingapore dollars thousands | – | PDF p. 85 |
| Total equitySingapore dollars thousands | 239,809 | PDF p. 85 |
Definitions & sources
Original report: PDF p. 85 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group changes in equity / 2023
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 December 2023 / Share capital | 2023Group / year ended 31 December 2023 / Capital reserve | 2023Group / year ended 31 December 2023 / Retained earnings | 2023Group / year ended 31 December 2023 / Fair value reserve | 2023Group / year ended 31 December 2023 / Foreign currency translation reserve | 2023Group / year ended 31 December 2023 / Total reserves | 2023Group / year ended 31 December 2023 / Non-controlling interests | 2023Group / year ended 31 December 2023 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||
| At 1 January 2023Singapore dollars thousands | 108,788 | 2,344 | 102,062 | 869 | (1,200) | 104,075 | 29,143 | 242,006 | PDF p. 86 |
| Profit for the yearSingapore dollars thousands | – | – | 8,287 | – | – | 8,287 | (4,715) | 3,572 | PDF p. 86 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | – | – | – | 440 | – | 440 | – | 440 | PDF p. 86 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | – | – | – | 29 | – | 29 | – | 29 | PDF p. 86 |
| Foreign currency translationSingapore dollars thousands | – | – | – | – | (977) | (977) | (449) | (1,426) | PDF p. 86 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | 8,287 | 469 | (977) | 7,779 | (5,164) | 2,615 | PDF p. 86 |
| Dividend on ordinary shares (Note 29)Singapore dollars thousands | – | – | (2,029) | – | – | (2,029) | – | (2,029) | PDF p. 86 |
| At 31 December 2023Singapore dollars thousands | 108,788 | 2,344 | 108,320 | 1,338 | (2,177) | 109,825 | 23,979 | 242,592 | PDF p. 86 |
Definitions & sources
Original report: PDF p. 86 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Company changes in equity / 2023
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / year ended 31 December 2023 / Share capital | 2023Company / year ended 31 December 2023 / Capital reserve | 2023Company / year ended 31 December 2023 / Retained earnings | 2023Company / year ended 31 December 2023 / Fair value reserve | 2023Company / year ended 31 December 2023 / Total reserves | 2023Company / year ended 31 December 2023 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| At 1 January 2023Singapore dollars thousands | 108,788 | 2,344 | 122,800 | 869 | 126,013 | 234,801 | PDF p. 87 |
| Profit for the yearSingapore dollars thousands | – | – | 6,568 | – | 6,568 | 6,568 | PDF p. 87 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | – | – | – | 440 | 440 | 440 | PDF p. 87 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | – | – | – | 29 | 29 | 29 | PDF p. 87 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | 6,568 | 469 | 7,037 | 7,037 | PDF p. 87 |
| Dividend on ordinary shares (Note 29)Singapore dollars thousands | – | – | (2,029) | – | (2,029) | (2,029) | PDF p. 87 |
| At 31 December 2023Singapore dollars thousands | 108,788 | 2,344 | 127,339 | 1,338 | 131,021 | 239,809 | PDF p. 87 |
Definitions & sources
Original report: PDF p. 87 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Original EPS profit input / 2024
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 December 2023 | Source |
|---|---|---|
| Original EPS inputs | ||
| Profit for the year attributable to owners of the Company used in the computation of basic and diluted earnings per ordinary shareSingapore dollars thousands | 8,287 | PDF p. 117 |
Definitions & sources
Original report: PDF p. 117 ↗
Original EPS weighted share count / 2024
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 December 2023 | Source |
|---|---|---|
| Original EPS inputs | ||
| Weighted average number of ordinary shares for basic earnings per share computationShares | 202,877,948 | PDF p. 117 |
Definitions & sources
Original report: PDF p. 117 ↗
Original issued ordinary shares / 2024
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group and Company / year ended 31 December 2023 | Source |
|---|---|---|
| Original exact issued ordinary shares | ||
| Issued and fully paid ordinary sharesShares | 202,877,948 | PDF p. 135 |
Definitions & sources
Original report: PDF p. 135 ↗
Original cash and deposits / 2024
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 December 2023 | 2023Company / year ended 31 December 2023 | Source |
|---|---|---|---|
| Original cash and short-term deposits bridge | |||
| Cash at banks and on handSingapore dollars thousands | 24,961 | 11,743 | PDF p. 132 |
| Short-term depositsSingapore dollars thousands | 62,560 | 61,241 | PDF p. 132 |
| SubtotalSingapore dollars thousands | 87,521 | 72,984 | PDF p. 132 |
| Less: Short-term deposits with terms more than three monthsSingapore dollars thousands | (50,771) | (50,771) | PDF p. 132 |
| Cash and cash equivalents in the consolidated cash flow statementSingapore dollars thousands | 36,750 | 22,213 | PDF p. 132 |
Definitions & sources
Original report: PDF p. 132 ↗
FY2025 original Note 21 prints US-dollar headers; its numbers equal the SGD primary statement cash/deposit balances. The inconsistent original header is preserved without conversion or an invented correction. FY2024 Note 21 removes deposits over three months from cash equivalents, including comparative FY2023; the older FY2023 original includes all deposits.
Original paid and proposed dividends / 2024
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group and Company / year ended 31 December 2023 | Source |
|---|---|---|
| Dividend on ordinary shares: | ||
| – First and final tax exempt (one-tier) dividend for 2023: 1.5 cents (2022: 1.0 cent) per shareSingapore dollars thousands | 2,029 | PDF p. 141 |
| Dividend on ordinary shares, subject to shareholders’ approval at the AGM: | ||
| – First and final tax exempt (one-tier) dividend for 2024: 2.0 cents (2023: 1.5 cents) per shareSingapore dollars thousands | 3,043 | PDF p. 141 |
Definitions & sources
Original report: PDF p. 141 ↗
First row paid during the reporting year; second row proposed and not recognised as a liability. Rates in captions differ from thousand-dollar dividend amounts.
Group combined comprehensive income
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 December 2022 | Source |
|---|---|---|
| Group combined comprehensive income | ||
| RevenueSingapore dollars thousands | 98,501 | PDF p. 84 |
| Cost of salesSingapore dollars thousands | (66,691) | PDF p. 84 |
| Gross profitSingapore dollars thousands | 31,810 | PDF p. 84 |
| Other incomeSingapore dollars thousands | 1,776 | PDF p. 84 |
| Administrative expensesSingapore dollars thousands | (21,521) | PDF p. 84 |
| Finance costSingapore dollars thousands | (536) | PDF p. 84 |
| Other expensesSingapore dollars thousands | (526) | PDF p. 84 |
| Profit before taxSingapore dollars thousands | 11,003 | PDF p. 84 |
| Income tax creditSingapore dollars thousands | 329 | PDF p. 84 |
| Profit for the yearSingapore dollars thousands | 11,332 | PDF p. 84 |
| Profit or loss / Attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 13,400 | PDF p. 84 |
| Non-controlling interestsSingapore dollars thousands | (2,068) | PDF p. 84 |
| SubtotalSingapore dollars thousands | 11,332 | PDF p. 84 |
| Items that will not be reclassified subsequently to profit or loss: | ||
| Net fair value gain/(loss) on equity instruments at fair valueSingapore dollars thousands | (20) | PDF p. 84 |
| Items that may be reclassified subsequently to profit or loss: | ||
| Net fair value gain/(loss) on debt instruments at fair valueSingapore dollars thousands | (41) | PDF p. 84 |
| Foreign currency translationSingapore dollars thousands | (704) | PDF p. 84 |
| Other comprehensive loss for the year, net of taxSingapore dollars thousands | (765) | PDF p. 84 |
| Total comprehensive income for the year attributable to owners of the CompanySingapore dollars thousands | 10,567 | PDF p. 84 |
| Total comprehensive income / Attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 12,784 | PDF p. 84 |
| Non-controlling interestsSingapore dollars thousands | (2,217) | PDF p. 84 |
| SubtotalSingapore dollars thousands | 10,567 | PDF p. 84 |
| Earnings per share attributable to owners of the Company | ||
| Basic and diluted (in cents)Singapore cents per share | 6.6 | PDF p. 84 |
Definitions & sources
Original report: PDF p. 84 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group cash flows
35 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 December 2022 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before taxSingapore dollars thousands | 11,003 | PDF p. 88 |
| Adjustments for: | ||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 12,709 | PDF p. 88 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 1,141 | PDF p. 88 |
| Amortisation of intangible assetsSingapore dollars thousands | 259 | PDF p. 88 |
| Inventories written downSingapore dollars thousands | 244 | PDF p. 88 |
| Impairment loss on vesselSingapore dollars thousands | – | PDF p. 88 |
| Allowance for expected credit lossesSingapore dollars thousands | 4,784 | PDF p. 88 |
| Interest incomeSingapore dollars thousands | (554) | PDF p. 88 |
| Interest expenseSingapore dollars thousands | 536 | PDF p. 88 |
| Unrealised foreign exchange lossSingapore dollars thousands | 934 | PDF p. 88 |
| Operating cash flows before working capital changesSingapore dollars thousands | 31,056 | PDF p. 88 |
| Increase in inventories and work-in-progressSingapore dollars thousands | (836) | PDF p. 88 |
| Decrease/(increase) in contract assetsSingapore dollars thousands | (1,220) | PDF p. 88 |
| Increase/(decrease) in contract liabilitiesSingapore dollars thousands | (352) | PDF p. 88 |
| Decrease/(increase) in trade and other receivablesSingapore dollars thousands | (9,575) | PDF p. 88 |
| Increase in prepaid operating expensesSingapore dollars thousands | (132) | PDF p. 88 |
| Increase in payables and accrualsSingapore dollars thousands | 648 | PDF p. 88 |
| Cash flows from operationsSingapore dollars thousands | 19,589 | PDF p. 88 |
| Interest receivedSingapore dollars thousands | 340 | PDF p. 88 |
| Interest paidSingapore dollars thousands | (536) | PDF p. 88 |
| Income tax paidSingapore dollars thousands | (190) | PDF p. 88 |
| Net cash flows from operating activitiesSingapore dollars thousands | 19,203 | PDF p. 88 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars thousands | (1,154) | PDF p. 88 |
| Maturity of investment securitiesSingapore dollars thousands | – | PDF p. 88 |
| Purchase of investment securitiesSingapore dollars thousands | (1,801) | PDF p. 88 |
| Repayment from associatesSingapore dollars thousands | 1,189 | PDF p. 88 |
| Net cash flows used in investing activitiesSingapore dollars thousands | (1,766) | PDF p. 88 |
| Cash flows from financing activities | ||
| Repayment of borrowingsSingapore dollars thousands | (2,898) | PDF p. 88 |
| Payment of principal portion of lease liabilitiesSingapore dollars thousands | (900) | PDF p. 88 |
| Dividend on ordinary sharesSingapore dollars thousands | (1,014) | PDF p. 88 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (4,812) | PDF p. 88 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 12,625 | PDF p. 88 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | (918) | PDF p. 88 |
| Cash and cash equivalents at beginning of financial yearSingapore dollars thousands | 59,760 | PDF p. 88 |
| Cash and cash equivalents at end of financial yearSingapore dollars thousands | 71,467 | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group financial position
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 December 2022 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 149,063 | PDF p. 85 |
| Right-of-use assetsSingapore dollars thousands | 2,043 | PDF p. 85 |
| Intangible assetsSingapore dollars thousands | 517 | PDF p. 85 |
| Investment in subsidiariesSingapore dollars thousands | – | PDF p. 85 |
| Investment in associated companiesSingapore dollars thousands | – | PDF p. 85 |
| Investment securitiesSingapore dollars thousands | 2,756 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 154,379 | PDF p. 85 |
| Current assets | ||
| Contract assetsSingapore dollars thousands | 6,822 | PDF p. 85 |
| Investment securitiesSingapore dollars thousands | 1,730 | PDF p. 85 |
| Inventories and work-in-progressSingapore dollars thousands | 4,077 | PDF p. 85 |
| Trade and other receivablesSingapore dollars thousands | 27,897 | PDF p. 85 |
| Prepaid operating expensesSingapore dollars thousands | 728 | PDF p. 85 |
| Amounts due from subsidiariesSingapore dollars thousands | – | PDF p. 85 |
| Loan to an associated companySingapore dollars thousands | 4,644 | PDF p. 85 |
| Cash and short-term depositsSingapore dollars thousands | 71,467 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 117,365 | PDF p. 85 |
| Current liabilities | ||
| Contract liabilitiesSingapore dollars thousands | 576 | PDF p. 85 |
| Current assets | ||
| Payables and accrualsSingapore dollars thousands | 12,830 | PDF p. 85 |
| Loans and borrowingsSingapore dollars thousands | 8,317 | PDF p. 85 |
| Amounts due to subsidiariesSingapore dollars thousands | – | PDF p. 85 |
| Income tax payableSingapore dollars thousands | 679 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 22,402 | PDF p. 85 |
| Net current assetsSingapore dollars thousands | 94,963 | PDF p. 85 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | 2,825 | PDF p. 85 |
| Loans and borrowingsSingapore dollars thousands | 2,961 | PDF p. 85 |
| ProvisionSingapore dollars thousands | 1,550 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 7,336 | PDF p. 85 |
| Net assetsSingapore dollars thousands | 242,006 | PDF p. 85 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 108,788 | PDF p. 85 |
| ReservesSingapore dollars thousands | 104,075 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 212,863 | PDF p. 85 |
| Non-controlling interestsSingapore dollars thousands | 29,143 | PDF p. 85 |
| Total equitySingapore dollars thousands | 242,006 | PDF p. 85 |
Definitions & sources
Original report: PDF p. 85 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Company financial position
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / year ended 31 December 2022 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 2 | PDF p. 85 |
| Right-of-use assetsSingapore dollars thousands | – | PDF p. 85 |
| Intangible assetsSingapore dollars thousands | – | PDF p. 85 |
| Investment in subsidiariesSingapore dollars thousands | 88,600 | PDF p. 85 |
| Investment in associated companiesSingapore dollars thousands | – | PDF p. 85 |
| Investment securitiesSingapore dollars thousands | 2,756 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 91,358 | PDF p. 85 |
| Current assets | ||
| Contract assetsSingapore dollars thousands | – | PDF p. 85 |
| Investment securitiesSingapore dollars thousands | 1,730 | PDF p. 85 |
| Inventories and work-in-progressSingapore dollars thousands | – | PDF p. 85 |
| Trade and other receivablesSingapore dollars thousands | 257 | PDF p. 85 |
| Prepaid operating expensesSingapore dollars thousands | 33 | PDF p. 85 |
| Amounts due from subsidiariesSingapore dollars thousands | 95,106 | PDF p. 85 |
| Loan to an associated companySingapore dollars thousands | – | PDF p. 85 |
| Cash and short-term depositsSingapore dollars thousands | 51,200 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 148,326 | PDF p. 85 |
| Current liabilities | ||
| Contract liabilitiesSingapore dollars thousands | – | PDF p. 85 |
| Current assets | ||
| Payables and accrualsSingapore dollars thousands | 825 | PDF p. 85 |
| Loans and borrowingsSingapore dollars thousands | – | PDF p. 85 |
| Amounts due to subsidiariesSingapore dollars thousands | 3,648 | PDF p. 85 |
| Income tax payableSingapore dollars thousands | 410 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 4,883 | PDF p. 85 |
| Net current assetsSingapore dollars thousands | 143,443 | PDF p. 85 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | – | PDF p. 85 |
| Loans and borrowingsSingapore dollars thousands | – | PDF p. 85 |
| ProvisionSingapore dollars thousands | – | PDF p. 85 |
| SubtotalSingapore dollars thousands | – | PDF p. 85 |
| Net assetsSingapore dollars thousands | 234,801 | PDF p. 85 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 108,788 | PDF p. 85 |
| ReservesSingapore dollars thousands | 126,013 | PDF p. 85 |
| SubtotalSingapore dollars thousands | 234,801 | PDF p. 85 |
| Non-controlling interestsSingapore dollars thousands | – | PDF p. 85 |
| Total equitySingapore dollars thousands | 234,801 | PDF p. 85 |
Definitions & sources
Original report: PDF p. 85 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group changes in equity / 2022
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 December 2022 / Share capital | 2022Group / year ended 31 December 2022 / Capital reserve | 2022Group / year ended 31 December 2022 / Retained earnings | 2022Group / year ended 31 December 2022 / Fair value reserve | 2022Group / year ended 31 December 2022 / Foreign currency translation reserve | 2022Group / year ended 31 December 2022 / Total reserves | 2022Group / year ended 31 December 2022 / Non-controlling interests | 2022Group / year ended 31 December 2022 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||
| At 1 January 2022Singapore dollars thousands | 108,788 | 2,344 | 89,676 | 930 | (645) | 92,305 | 31,360 | 232,453 | PDF p. 86 |
| Profit for the yearSingapore dollars thousands | – | – | 13,400 | – | – | 13,400 | (2,068) | 11,332 | PDF p. 86 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | – | – | – | (20) | – | (20) | – | (20) | PDF p. 86 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | – | – | – | (41) | – | (41) | – | (41) | PDF p. 86 |
| Foreign currency translationSingapore dollars thousands | – | – | – | – | (555) | (555) | (149) | (704) | PDF p. 86 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | 13,400 | (61) | (555) | 12,784 | (2,217) | 10,567 | PDF p. 86 |
| Dividend on ordinary shares (Note 29)Singapore dollars thousands | – | – | (1,014) | – | – | (1,014) | – | (1,014) | PDF p. 86 |
| At 31 December 2022Singapore dollars thousands | 108,788 | 2,344 | 102,062 | 869 | (1,200) | 104,075 | 29,143 | 242,006 | PDF p. 86 |
Definitions & sources
Original report: PDF p. 86 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Company changes in equity / 2022
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / year ended 31 December 2022 / Share capital | 2022Company / year ended 31 December 2022 / Capital reserve | 2022Company / year ended 31 December 2022 / Retained earnings | 2022Company / year ended 31 December 2022 / Fair value reserve | 2022Company / year ended 31 December 2022 / Total reserves | 2022Company / year ended 31 December 2022 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| At 1 January 2022Singapore dollars thousands | 108,788 | 2,344 | 111,495 | 930 | 114,769 | 223,557 | PDF p. 87 |
| Profit for the yearSingapore dollars thousands | – | – | 12,319 | – | 12,319 | 12,319 | PDF p. 87 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | – | – | – | (20) | (20) | (20) | PDF p. 87 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | – | – | – | (41) | (41) | (41) | PDF p. 87 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | 12,319 | (61) | 12,258 | 12,258 | PDF p. 87 |
| Dividend on ordinary shares (Note 29)Singapore dollars thousands | – | – | (1,014) | – | (1,014) | (1,014) | PDF p. 87 |
| At 31 December 2022Singapore dollars thousands | 108,788 | 2,344 | 122,800 | 869 | 126,013 | 234,801 | PDF p. 87 |
Definitions & sources
Original report: PDF p. 87 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Original EPS profit input / 2023
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 December 2022 | Source |
|---|---|---|
| Original EPS inputs | ||
| Profit for the financial year attributable to owners of the Company used in the computation of basic and diluted earnings per ordinary shareSingapore dollars thousands | 13,400 | PDF p. 116 |
Definitions & sources
Original report: PDF p. 116 ↗
Original EPS weighted share count / 2023
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 December 2022 | Source |
|---|---|---|
| Original EPS inputs | ||
| Weighted average number of ordinary shares for basic earnings per share computationShares | 202,877,948 | PDF p. 116 |
Definitions & sources
Original report: PDF p. 116 ↗
Original issued ordinary shares / 2023
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group and Company / year ended 31 December 2022 | Source |
|---|---|---|
| Original exact issued ordinary shares | ||
| Issued and fully paid ordinary sharesShares | 202,877,948 | PDF p. 134 |
Definitions & sources
Original report: PDF p. 134 ↗
Original cash and deposits / 2023
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 December 2022 | 2022Company / year ended 31 December 2022 | Source |
|---|---|---|---|
| Original cash and short-term deposits bridge | |||
| Cash at banks and on handSingapore dollars thousands | 32,750 | 17,855 | PDF p. 132 |
| Short-term depositsSingapore dollars thousands | 38,717 | 33,345 | PDF p. 132 |
| SubtotalSingapore dollars thousands | 71,467 | 51,200 | PDF p. 132 |
Definitions & sources
Original report: PDF p. 132 ↗
FY2025 original Note 21 prints US-dollar headers; its numbers equal the SGD primary statement cash/deposit balances. The inconsistent original header is preserved without conversion or an invented correction. FY2024 Note 21 removes deposits over three months from cash equivalents, including comparative FY2023; the older FY2023 original includes all deposits.
Original paid and proposed dividends / 2023
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group and Company / year ended 31 December 2022 | Source |
|---|---|---|
| Dividend on ordinary shares: | ||
| - First and final tax exempt (one-tier) dividend for 2022: 1.0 cent (2021: 0.5 cent) per shareSingapore dollars thousands | 1,014 | PDF p. 140 |
| Dividend on ordinary shares, subject to shareholders’ approval at the AGM: | ||
| - First and final tax exempt (one-tier) dividend for 2023: 1.5 cents (2022: 1.0 cent) per shareSingapore dollars thousands | 2,029 | PDF p. 140 |
Definitions & sources
Original report: PDF p. 140 ↗
First row paid during the reporting year; second row proposed and not recognised as a liability. Rates in captions differ from thousand-dollar dividend amounts.
Group combined comprehensive income
22 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | Source |
|---|---|---|
| Group combined comprehensive income | ||
| RevenueSingapore dollars thousands | 69,497 | PDF p. 81 |
| Cost of salesSingapore dollars thousands | (51,320) | PDF p. 81 |
| Gross profitSingapore dollars thousands | 18,177 | PDF p. 81 |
| Other incomeSingapore dollars thousands | 2,716 | PDF p. 81 |
| Administrative expensesSingapore dollars thousands | (13,879) | PDF p. 81 |
| Finance costSingapore dollars thousands | (657) | PDF p. 81 |
| Other expensesSingapore dollars thousands | (3,917) | PDF p. 81 |
| Profit before taxSingapore dollars thousands | 2,440 | PDF p. 81 |
| Income tax creditSingapore dollars thousands | 446 | PDF p. 81 |
| Profit for the yearSingapore dollars thousands | 2,886 | PDF p. 81 |
| Profit or loss / Attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 5,886 | PDF p. 81 |
| Non-controlling interestsSingapore dollars thousands | (3,000) | PDF p. 81 |
| SubtotalSingapore dollars thousands | 2,886 | PDF p. 81 |
| Items that will not be reclassified subsequently to profit or loss | ||
| Net fair value (loss)/gain on equity instruments at fair valueSingapore dollars thousands | 32 | PDF p. 81 |
| Items that may be reclassified subsequently to profit or loss | ||
| Net fair value loss on debt instruments at fair valueSingapore dollars thousands | (3) | PDF p. 81 |
| Foreign currency translationSingapore dollars thousands | 1,849 | PDF p. 81 |
| Other comprehensive (loss)/income for the year, net of taxSingapore dollars thousands | 1,878 | PDF p. 81 |
| Total comprehensive income for the year attributable to owners of the CompanySingapore dollars thousands | 4,764 | PDF p. 81 |
| Total comprehensive income / Attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 7,040 | PDF p. 81 |
| Non-controlling interestsSingapore dollars thousands | (2,276) | PDF p. 81 |
| SubtotalSingapore dollars thousands | 4,764 | PDF p. 81 |
| Earnings per share attributable to owners of the Company | ||
| Basic and diluted (in cents)Singapore cents per share | 2.9 | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group cash flows
39 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before taxSingapore dollars thousands | 2,440 | PDF p. 85 |
| Adjustments for: | ||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 13,441 | PDF p. 85 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 1,140 | PDF p. 85 |
| Amortisation of intangible assetsSingapore dollars thousands | 258 | PDF p. 85 |
| Inventories written downSingapore dollars thousands | 34 | PDF p. 85 |
| Impairment on loan to an associated companySingapore dollars thousands | 82 | PDF p. 85 |
| Bad debts expensesSingapore dollars thousands | 13 | PDF p. 85 |
| Allowance/(reversal) for expected credit lossesSingapore dollars thousands | (1,468) | PDF p. 85 |
| Interest incomeSingapore dollars thousands | (94) | PDF p. 85 |
| Interest expenseSingapore dollars thousands | 657 | PDF p. 85 |
| Unrealised foreign exchange loss/(gain)Singapore dollars thousands | (1,015) | PDF p. 85 |
| Loss on disposal of property, plant and equipmentSingapore dollars thousands | 3,829 | PDF p. 85 |
| Operating cash flows before working capital changesSingapore dollars thousands | 19,317 | PDF p. 85 |
| Decrease in inventories and work-in-progressSingapore dollars thousands | (1,146) | PDF p. 85 |
| Increase in contract assetsSingapore dollars thousands | (3,819) | PDF p. 85 |
| (Decrease)/increase in contract liabilitiesSingapore dollars thousands | 612 | PDF p. 85 |
| Increase in trade and other receivablesSingapore dollars thousands | (3,343) | PDF p. 85 |
| Increase in prepaid operating expensesSingapore dollars thousands | (122) | PDF p. 85 |
| Increase in payables and accrualsSingapore dollars thousands | 1,880 | PDF p. 85 |
| Cash flows from operationsSingapore dollars thousands | 13,379 | PDF p. 85 |
| Interest receivedSingapore dollars thousands | 92 | PDF p. 85 |
| Interest paidSingapore dollars thousands | (657) | PDF p. 85 |
| Income tax paidSingapore dollars thousands | (1,147) | PDF p. 85 |
| Net cash flows generated from operating activitiesSingapore dollars thousands | 11,667 | PDF p. 85 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars thousands | (2,291) | PDF p. 85 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars thousands | 7,709 | PDF p. 85 |
| Maturity of investment securitiesSingapore dollars thousands | 671 | PDF p. 85 |
| Purchase of investment securitiesSingapore dollars thousands | (938) | PDF p. 85 |
| Repayment from associatesSingapore dollars thousands | − | PDF p. 85 |
| Net cash flows (used in)/generated from investing activitiesSingapore dollars thousands | 5,151 | PDF p. 85 |
| Cash flows from financing activities | ||
| Proceeds from borrowingsSingapore dollars thousands | 1,500 | PDF p. 85 |
| Repayment of borrowingsSingapore dollars thousands | (3,132) | PDF p. 85 |
| Payment of principal portion of lease liabilitiesSingapore dollars thousands | (849) | PDF p. 85 |
| Dividend on ordinary sharesSingapore dollars thousands | − | PDF p. 85 |
| Net cash flows used in financing activitiesSingapore dollars thousands | (2,481) | PDF p. 85 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 14,337 | PDF p. 85 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | 1,107 | PDF p. 85 |
| Cash and cash equivalents at beginning of financial yearSingapore dollars thousands | 44,316 | PDF p. 85 |
| Cash and cash equivalents at end of financial yearSingapore dollars thousands | 59,760 | PDF p. 85 |
Definitions & sources
Original report: PDF p. 85 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group financial position
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 160,885 | PDF p. 82 |
| Right-of-use assetsSingapore dollars thousands | 3,184 | PDF p. 82 |
| Intangible assetsSingapore dollars thousands | 776 | PDF p. 82 |
| Investment in subsidiariesSingapore dollars thousands | − | PDF p. 82 |
| Investment in associated companiesSingapore dollars thousands | − | PDF p. 82 |
| Investment securitiesSingapore dollars thousands | 2,817 | PDF p. 82 |
| SubtotalSingapore dollars thousands | 167,662 | PDF p. 82 |
| Current assets | ||
| Contract assetsSingapore dollars thousands | 6,002 | PDF p. 82 |
| Investment securitiesSingapore dollars thousands | – | PDF p. 82 |
| Inventories and work-in-progressSingapore dollars thousands | 3,485 | PDF p. 82 |
| Trade and other receivablesSingapore dollars thousands | 22,922 | PDF p. 82 |
| Prepaid operating expensesSingapore dollars thousands | 596 | PDF p. 82 |
| Amounts due from subsidiariesSingapore dollars thousands | − | PDF p. 82 |
| Loan to an associated companySingapore dollars thousands | 5,824 | PDF p. 82 |
| Cash and short-term depositsSingapore dollars thousands | 59,760 | PDF p. 82 |
| SubtotalSingapore dollars thousands | 98,589 | PDF p. 82 |
| Current liabilities | ||
| Contract liabilitiesSingapore dollars thousands | 928 | PDF p. 82 |
| Current assets | ||
| Payables and accrualsSingapore dollars thousands | 12,221 | PDF p. 82 |
| Loans and borrowingsSingapore dollars thousands | 9,452 | PDF p. 82 |
| Amounts due to subsidiariesSingapore dollars thousands | − | PDF p. 82 |
| Income tax payableSingapore dollars thousands | 293 | PDF p. 82 |
| SubtotalSingapore dollars thousands | 22,894 | PDF p. 82 |
| Net current assetsSingapore dollars thousands | 75,695 | PDF p. 82 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | 3,730 | PDF p. 82 |
| Loans and borrowingsSingapore dollars thousands | 5,624 | PDF p. 82 |
| ProvisionSingapore dollars thousands | 1,550 | PDF p. 82 |
| SubtotalSingapore dollars thousands | 10,904 | PDF p. 82 |
| Net assetsSingapore dollars thousands | 232,453 | PDF p. 82 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 108,788 | PDF p. 82 |
| ReservesSingapore dollars thousands | 92,305 | PDF p. 82 |
| SubtotalSingapore dollars thousands | 201,093 | PDF p. 82 |
| Non-controlling interestsSingapore dollars thousands | 31,360 | PDF p. 82 |
| Total equitySingapore dollars thousands | 232,453 | PDF p. 82 |
Definitions & sources
Original report: PDF p. 82 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Company financial position
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Company / year ended 31 December 2021 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 3 | PDF p. 82 |
| Right-of-use assetsSingapore dollars thousands | – | PDF p. 82 |
| Intangible assetsSingapore dollars thousands | – | PDF p. 82 |
| Investment in subsidiariesSingapore dollars thousands | 88,600 | PDF p. 82 |
| Investment in associated companiesSingapore dollars thousands | − | PDF p. 82 |
| Investment securitiesSingapore dollars thousands | 2,817 | PDF p. 82 |
| SubtotalSingapore dollars thousands | 91,420 | PDF p. 82 |
| Current assets | ||
| Contract assetsSingapore dollars thousands | – | PDF p. 82 |
| Investment securitiesSingapore dollars thousands | – | PDF p. 82 |
| Inventories and work-in-progressSingapore dollars thousands | – | PDF p. 82 |
| Trade and other receivablesSingapore dollars thousands | 64 | PDF p. 82 |
| Prepaid operating expensesSingapore dollars thousands | 36 | PDF p. 82 |
| Amounts due from subsidiariesSingapore dollars thousands | 94,392 | PDF p. 82 |
| Loan to an associated companySingapore dollars thousands | − | PDF p. 82 |
| Cash and short-term depositsSingapore dollars thousands | 42,459 | PDF p. 82 |
| SubtotalSingapore dollars thousands | 136,951 | PDF p. 82 |
| Current liabilities | ||
| Contract liabilitiesSingapore dollars thousands | – | PDF p. 82 |
| Current assets | ||
| Payables and accrualsSingapore dollars thousands | 589 | PDF p. 82 |
| Loans and borrowingsSingapore dollars thousands | – | PDF p. 82 |
| Amounts due to subsidiariesSingapore dollars thousands | 4,225 | PDF p. 82 |
| Income tax payableSingapore dollars thousands | – | PDF p. 82 |
| SubtotalSingapore dollars thousands | 4,814 | PDF p. 82 |
| Net current assetsSingapore dollars thousands | 132,137 | PDF p. 82 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars thousands | – | PDF p. 82 |
| Loans and borrowingsSingapore dollars thousands | – | PDF p. 82 |
| ProvisionSingapore dollars thousands | – | PDF p. 82 |
| SubtotalSingapore dollars thousands | − | PDF p. 82 |
| Net assetsSingapore dollars thousands | 223,557 | PDF p. 82 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 108,788 | PDF p. 82 |
| ReservesSingapore dollars thousands | 114,769 | PDF p. 82 |
| SubtotalSingapore dollars thousands | 223,557 | PDF p. 82 |
| Non-controlling interestsSingapore dollars thousands | − | PDF p. 82 |
| Total equitySingapore dollars thousands | 223,557 | PDF p. 82 |
Definitions & sources
Original report: PDF p. 82 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Group changes in equity / 2021
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 / Share capital | 2021Group / year ended 31 December 2021 / Capital reserve | 2021Group / year ended 31 December 2021 / Retained earnings | 2021Group / year ended 31 December 2021 / Fair value reserve | 2021Group / year ended 31 December 2021 / Foreign currency translation reserve | 2021Group / year ended 31 December 2021 / Total reserves | 2021Group / year ended 31 December 2021 / Non-controlling interests | 2021Group / year ended 31 December 2021 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||
| At 1 January 2021Singapore dollars thousands | 108,788 | 2,344 | 83,790 | 901 | (1,770) | 85,265 | 33,636 | 227,689 | PDF p. 83 |
| Profit for the yearSingapore dollars thousands | − | − | 5,886 | − | − | 5,886 | (3,000) | 2,886 | PDF p. 83 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | − | − | − | 32 | − | 32 | − | 32 | PDF p. 83 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | − | − | − | (3) | − | (3) | − | (3) | PDF p. 83 |
| Foreign currency translationSingapore dollars thousands | − | − | − | − | 1,125 | 1,125 | 724 | 1,849 | PDF p. 83 |
| Total comprehensive income for the yearSingapore dollars thousands | − | − | 5,886 | 29 | 1,125 | 7,040 | (2,276) | 4,764 | PDF p. 83 |
| At 31 December 2021Singapore dollars thousands | 108,788 | 2,344 | 89,676 | 930 | (645) | 92,305 | 31,360 | 232,453 | PDF p. 83 |
Definitions & sources
Original report: PDF p. 83 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Company changes in equity / 2021
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Company / year ended 31 December 2021 / Share capital | 2021Company / year ended 31 December 2021 / Capital reserve | 2021Company / year ended 31 December 2021 / Retained earnings | 2021Company / year ended 31 December 2021 / Fair value reserve | 2021Company / year ended 31 December 2021 / Total reserves | 2021Company / year ended 31 December 2021 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| At 1 January 2021Singapore dollars thousands | 108,788 | 2,344 | 99,523 | 901 | 102,768 | 211,556 | PDF p. 84 |
| Profit for the yearSingapore dollars thousands | − | − | 11,972 | − | 11,972 | 11,972 | PDF p. 84 |
| Net fair value changes on equity instruments at FVOCISingapore dollars thousands | − | − | − | 32 | 32 | 32 | PDF p. 84 |
| Net fair value changes on debt instruments at FVOCISingapore dollars thousands | − | − | − | (3) | (3) | (3) | PDF p. 84 |
| Total comprehensive income for the yearSingapore dollars thousands | − | − | 11,972 | 29 | 12,001 | 12,001 | PDF p. 84 |
| At 31 December 2021Singapore dollars thousands | 108,788 | 2,344 | 111,495 | 930 | 114,769 | 223,557 | PDF p. 84 |
Definitions & sources
Original report: PDF p. 84 ↗
Four official annual originals 658 pages provide FY2021–FY2025 primary comparisons, all ending on 31 December. Financial statements are Singapore dollars thousands; basic and diluted earnings/loss per share are Singapore cents.
The Group supplies a combined statement of comprehensive income, a consolidated cash-flow statement, and separate Group/Company financial positions and equity statements. Separate Company income, comprehensive-income and cash-flow statements are not printed.
The FY2022–FY2024 source combined comprehensive-income statement captions the total as attributable to owners, although the printed figure is Group total including NCI and is followed by the separate owners/NCI allocation. The exact original caption and amounts are preserved; do not interpret the Group total as owners-only income. Full source, selected-note, Profile, visual and arithmetic audit remains pending.
Original EPS profit input / 2022
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | Source |
|---|---|---|
| Original EPS inputs | ||
| Profit for the financial year attributable to owners of the Company used in the computation of basic and diluted earnings per ordinary shareSingapore dollars thousands | 5,886 | PDF p. 115 |
Definitions & sources
Original report: PDF p. 115 ↗
Original EPS weighted share count / 2022
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | Source |
|---|---|---|
| Original EPS inputs | ||
| Weighted average number of ordinary shares for basic earnings per share computationShares | 202,877,948 | PDF p. 115 |
Definitions & sources
Original report: PDF p. 115 ↗
Original issued ordinary shares / 2022
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group and Company / year ended 31 December 2021 | Source |
|---|---|---|
| Original exact issued ordinary shares | ||
| Issued and fully paid ordinary sharesShares | 202,877,948 | PDF p. 133 |
Definitions & sources
Original report: PDF p. 133 ↗
Original cash and deposits / 2022
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended 31 December 2021 | 2021Company / year ended 31 December 2021 | Source |
|---|---|---|---|
| Original cash and short-term deposits bridge | |||
| Cash at banks and on handSingapore dollars thousands | 37,361 | 20,060 | PDF p. 130 |
| Short-term depositsSingapore dollars thousands | 22,399 | 22,399 | PDF p. 130 |
| SubtotalSingapore dollars thousands | 59,760 | 42,459 | PDF p. 130 |
Definitions & sources
Original report: PDF p. 130 ↗
FY2025 original Note 21 prints US-dollar headers; its numbers equal the SGD primary statement cash/deposit balances. The inconsistent original header is preserved without conversion or an invented correction. FY2024 Note 21 removes deposits over three months from cash equivalents, including comparative FY2023; the older FY2023 original includes all deposits.
Original paid and proposed dividends / 2022
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group and Company / year ended 31 December 2021 | Source |
|---|---|---|
| Dividend on ordinary shares: | ||
| – First and final tax exempt (one-tier) dividend for 2021: 0.5 cent per shareSingapore dollars thousands | − | PDF p. 140 |
| Dividend on ordinary shares, subject to shareholders’ approval at the AGM: | ||
| – First and final tax exempt (one-tier) dividend for 2022: 1.0 cent (2021: 0.5 cent) per shareSingapore dollars thousands | 1,014 | PDF p. 140 |
Definitions & sources
Original report: PDF p. 140 ↗
First row paid during the reporting year; second row proposed and not recognised as a liability. Rates in captions differ from thousand-dollar dividend amounts.
Group original audited base ratios / 2025
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / audited before buyback / historical actual year ended 31 December 2025 | Source |
|---|---|---|
| Group / audited before buyback / historical actual 2025 | ||
| Basic LPS (S cents)Singapore cents per share | (12.53) | PDF p. 15 |
| NAV per Share (S cents)Singapore cents per share | 100.47 | PDF p. 15 |
| Gearing ratio (times)Times | 0.06 | PDF p. 15 |
| Current ratio (times)Times | 6.38 | PDF p. 15 |
Definitions & sources
Original report: PDF p. 15 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Company original audited base ratios / 2025
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / audited before buyback / historical actual year ended 31 December 2025 | Source |
|---|---|---|
| Company / audited before buyback / historical actual 2025 | ||
| Basic LPS (S cents)Singapore cents per share | (4.27) | PDF p. 16 |
| NAV per Share (S cents)Singapore cents per share | 112.86 | PDF p. 16 |
| Gearing ratio (times)Times | – | PDF p. 16 |
| Current ratio (times)Times | 31.10 | PDF p. 16 |
Definitions & sources
Original report: PDF p. 16 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Group original audited base ratios / 2024
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / audited before buyback / historical actual year ended 31 December 2024 | Source |
|---|---|---|
| Group / audited before buyback / historical actual 2024 | ||
| Basic EPS (cents)Singapore cents per share | 8.96 | PDF p. 15 |
| NAV per Share (cents)Singapore cents per share | 115.99 | PDF p. 15 |
| Gearing ratio (times)Times | 0.05 | PDF p. 15 |
| Current ratio (times)Times | 6.09 | PDF p. 15 |
Definitions & sources
Original report: PDF p. 15 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Company original audited base ratios / 2024
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Company / audited before buyback / historical actual year ended 31 December 2024 | Source |
|---|---|---|
| Company / audited before buyback / historical actual 2024 | ||
| Basic EPS (cents)Singapore cents per share | 2.23 | PDF p. 16 |
| NAV per Share (cents)Singapore cents per share | 118.95 | PDF p. 16 |
| Gearing ratio (times)Times | – | PDF p. 16 |
| Current ratio (times)Times | 31.77 | PDF p. 16 |
Definitions & sources
Original report: PDF p. 16 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Group original audited base ratios / 2023
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / audited before buyback / historical actual year ended 31 December 2023 | Source |
|---|---|---|
| Group / audited before buyback / historical actual 2023 | ||
| Basic EPS (S cents)(2)Singapore cents per share | 4.08 | PDF p. 15 |
| NAV per Share (S cents)(3)Singapore cents per share | 107.76 | PDF p. 15 |
| Gearing ratio (times)(4)Times | 0.07 | PDF p. 15 |
| Current ratio (times)(5)Times | 4.99 | PDF p. 15 |
Definitions & sources
Original report: PDF p. 15 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Company original audited base ratios / 2023
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / audited before buyback / historical actual year ended 31 December 2023 | Source |
|---|---|---|
| Company / audited before buyback / historical actual 2023 | ||
| Basic EPS (S cents)(1)Singapore cents per share | 3.24 | PDF p. 16 |
| NAV per Share (S cents)(2)Singapore cents per share | 118.20 | PDF p. 16 |
| Gearing ratio (times)(3)Times | - | PDF p. 16 |
| Current ratio (times)(4)Times | 18.74 | PDF p. 16 |
Definitions & sources
Original report: PDF p. 16 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Group original audited base ratios / 2022
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / audited before buyback / historical actual year ended 31 December 2022 | Source |
|---|---|---|
| Group / audited before buyback / historical actual 2022 | ||
| Basic EPS (cents)Singapore cents per share | 6.60 | PDF p. 14 |
| NAV per Share (cents)Singapore cents per share | 104.92 | PDF p. 14 |
| Gearing ratio (times)Times | 0.05 | PDF p. 14 |
| Current ratio (times)Times | 5.24 | PDF p. 14 |
Definitions & sources
Original report: PDF p. 14 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Company original audited base ratios / 2022
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / audited before buyback / historical actual year ended 31 December 2022 | Source |
|---|---|---|
| Company / audited before buyback / historical actual 2022 | ||
| Basic EPS (cents)Singapore cents per share | 6.07 | PDF p. 15 |
| NAV per Share (cents)Singapore cents per share | 115.74 | PDF p. 15 |
| Gearing ratio (times)Times | – | PDF p. 15 |
| Current ratio (times)Times | 30.38 | PDF p. 15 |
Definitions & sources
Original report: PDF p. 15 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Group original audited base ratios / 2021
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / audited before buyback / historical actual year ended 31 December 2021 | Source |
|---|---|---|
| Group / audited before buyback / historical actual 2021 | ||
| Basic EPS/(LPS) (S cents)Singapore cents per share | 2.90 | PDF p. 16 |
| NAV per Share (S cents)Singapore cents per share | 99.12 | PDF p. 16 |
| Gearing ratio (times)Times | 0.06 | PDF p. 16 |
| Current ratio (times)Times | 4.31 | PDF p. 16 |
Definitions & sources
Original report: PDF p. 16 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Company original audited base ratios / 2021
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Company / audited before buyback / historical actual year ended 31 December 2021 | Source |
|---|---|---|
| Company / audited before buyback / historical actual 2021 | ||
| Basic EPS/(LPS) (S cents)Singapore cents per share | 5.90 | PDF p. 17 |
| NAV per Share (S cents)Singapore cents per share | 110.19 | PDF p. 17 |
| Gearing ratio (times)Times | – | PDF p. 17 |
| Current ratio (times)Times | 28.45 | PDF p. 17 |
Definitions & sources
Original report: PDF p. 17 ↗
Only the original first audited before-buyback column is extracted. Four hypothetical after-buyback scenarios are excluded from annual actual series. Exact source precision and dash gearing are preserved. Gearing is total borrowings divided by total equity; current ratio is current assets divided by current liabilities, per the source footnotes.
Where the money comes from
Segment information
By business
Segment information – operating segments 11 lines
| Item / unit | 2025Marine offshore | 2024Marine offshore | 2025Investments | 2024Investments | 2025Corporate | 2024Corporate | 2025Adjustments and eliminations | 2024Adjustments and eliminations | 2025Consolidated | 2024Consolidated | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment results | |||||||||||
| Revenue from external customers$'000 | 48,438 | 92,019 | – | – | – | – | – | – | 48,438 | 92,019 | PDF p. 124 |
| Income/(expenses) | |||||||||||
| Depreciation and amortisation$'000 | (14,196) | (14,075) | – | – | (1) | (1) | – | – | (14,197) | (14,076) | PDF p. 124 |
| Impairment loss on vessel$'000 | (1,959) | – | – | – | – | – | – | – | (1,959) | – | PDF p. 124 |
| Interest income$'000 | 239 | 65 | 607 | 336 | 1,825 | 3,128 | – | – | 2,671 | 3,529 | PDF p. 124 |
| Finance cost$'000 | (737) | (901) | – | – | – | – | – | – | (737) | (901) | PDF p. 124 |
| Inventories written down$'000 | (313) | (46) | – | – | – | – | – | – | (313) | (46) | PDF p. 124 |
| Segment results | |||||||||||
| Segment (loss)/profit$'000 | (21,042) | 17,612 | 573 | 11,816 | (1,202) | 20,483 | (3,170) | (29,852) | (24,841) | 20,059 | PDF p. 124 |
| Assets and liabilities | |||||||||||
| Total assets$'000 | 178,467 | 186,370 | 76,027 | 63,041 | 62,886 | 90,881 | (54,863) | (47,113) | 262,517 | 293,179 | PDF p. 124 |
| Total liabilities$'000 | 27,238 | 31,476 | 20 | 14 | 569 | 654 | – | – | 27,827 | 32,144 | PDF p. 124 |
| Other disclosure | |||||||||||
| Purchase of investment securities$'000 | – | – | 10,017 | 10,976 | – | – | – | – | 10,017 | 10,976 | PDF p. 124 |
| Capital expenditure$'000 | 8,549 | 5,961 | – | – | – | – | – | – | 8,549 | 5,961 | PDF p. 124 |
Notes
Segment performance is evaluated based on operating profit or loss which in certain respects is measured differently from operating profit or loss in the consolidated financial statements.
Transfer prices between operating segments, if any, are on arm's length basis in a manner similar to transactions with third parties.
Three reportable segments: marine offshore, investments, corporate.
By geography
Geographical information – Group revenue and non-current assets 8 lines
| Item / unit | 2025Group Revenue | 2024Group Revenue | 2025Group Non-current assets | 2024Group Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| Asia Pacific (excluding China and Singapore)$'000 | 25,667 | 63,530 | 57 | 54 | PDF p. 124 |
| Middle East$'000 | 12,067 | 13,546 | – | – | PDF p. 124 |
| Europe$'000 | 5,410 | 3,929 | – | – | PDF p. 124 |
| Singapore$'000 | 2,644 | 3,614 | 125,368 | 138,081 | PDF p. 124 |
| Africa$'000 | 2,403 | 7,181 | – | – | PDF p. 124 |
| China$'000 | 183 | 109 | – | – | PDF p. 124 |
| Americas$'000 | 64 | 110 | – | – | PDF p. 124 |
| Total (unlabelled)$'000 | 48,438 | 92,019 | 125,425 | 138,135 | PDF p. 124 |
Notes
Segment revenue is based on the countries in which customers are invoiced. Non-current assets information consists of property, plant and equipment, right-of-use assets and intangible assets as presented in the statement of financial position and are based on the geographical location of the entities.
Total row has no printed label.
Revenue from one major customer amounted to approximately $11,794,000 (2024: $33,335,000), arising from the provision of specialised marine offshore equipment and services.
Debt
Borrowings
Borrowing notes 2 tables
Loans and borrowings
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Current (maturity 2026) | |||
| Bank loan A$'000 | 4,995 | 5,970 | PDF p. 146 |
| Bank loan B$'000 | – | 872 | PDF p. 146 |
| Lease liabilities (Note 11)$'000 | 732 | 581 | PDF p. 146 |
| Current | |||
| Total current$'000 | 5,727 | 7,423 | PDF p. 146 |
| Non-current (maturity 2027-2042) | |||
| Lease liabilities (Note 11)$'000 | 7,215 | 6,763 | PDF p. 146 |
| Total | |||
| Total loans and borrowings$'000 | 12,942 | 14,186 | PDF p. 146 |
Notes
Bank loan A: secured revolving credit facility, effective interest rate 5.01% (2024: 6.41%) per annum, denominated in Singapore Dollars.
Bank loan B: unsecured, tenure 60 months (2024: 60 months), interest 3.00% (2024: 3.00%) per annum, denominated in Singapore Dollars; Temporary Bridging Loan under Enterprise Financing Scheme.
Non-current total 7,215 (2024: 6,763) is lease liabilities only.
Lease liabilities movement
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Lease liabilities | |||
| Current$'000 | 732 | 581 | PDF p. 132 |
| Non-current$'000 | 7,215 | 6,763 | PDF p. 132 |
| At 31 December$'000 | 7,947 | 7,344 | PDF p. 132 |
Notes
Lease liabilities are included under loans and borrowings (Note 23).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 of the Code | The Company does not have a formal dividend policy. In its evaluation and recommendation of dividends, the Board will take into account the Company’s operating performance, general financial condition, capital requirements, cash flow and other factors as the Directors may deem appropriate to ensure sustainable growth in the future. | Company | PDF p. 83 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| First and final tax exempt (one-tier) dividend for 2025 | 1.5 cents per share | FY2025 proposed, Group and Company, subject to shareholders' approval at AGM, not recognised as liability | PDF p. 153 |
| First and final tax exempt (one-tier) dividend for 2024 | 2.0 cents per share | FY2024 comparative, Group and Company, declared and paid in 2025 | PDF p. 153 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend per share | 1.5 cents | FY2025 (five-year highlights; comparative FY2024 2.0) | PDF p. 14 |
| Dividend cover | (8.4) times (as printed, no unit) | FY2025 (comparative FY2024 4.5) | PDF p. 14 |
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
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Ernst & Young LLP | Ernst & Young LLP | Group and Company, FY2025 | PDF p. 93 |
| Shekaran Krishnan | Shekaran Krishnan | Group and Company, FY2025 | PDF p. 93 |
| Opinion | In our opinion, the accompanying consolidated financial statements of the Group, the statement of financial position and the statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the Companies Act 1967 and Singapore Financial Reporting Standards (International) | Group and Company, FY2025 | PDF p. 90 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Impairment assessment of vessels | Impairment assessment of vessels | Group, FY2025 | PDF p. 91 |
| Impairment assessment of vessels | This area was significant to our audit as the carrying value of the vessels represented 44% of the Group’s total assets as at 31 December 2025 and significant judgement and estimates were involved in determining the recoverable amount of the vessels. | Group, FY2025 | PDF p. 91 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Basis of preparation | The Group has prepared the financial statements on the basis that it will continue to operate as a going concern. | Group, FY2025 | PDF p. 99 |
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.
Four official annual reports, 658 pages, provide FY2021–FY2025 primary comparisons, each ending 31 December. Ten separately archived official supplements total 179 pages: current AGM minutes, five annual share-buyback appendices, the FY2024 employee performance-share-plan appendix, and three historical shareholder-query responses. These supplements are not replacement complete annual reports.
Primary financial statements are Singapore dollars thousands; basic/diluted EPS and five-year cash, NAV, dividend and share-price series are Singapore cents. Exact issued and weighted shares are whole shares, while the five-year stock count is rounded shares thousands. Market capitalisation is Singapore dollars millions and returns are percentages. Separate Company income, comprehensive-income and cash-flow statements are not printed.
Ernst & Young LLP issued an unmodified current opinion on 17 March 2026, engagement partner Shekaran Krishnan. FY2025 Group loss 25,062 thousand comprises owners loss 25,414 and NCI profit 352. Group comprehensive loss 28,414 comprises owners loss 27,433 and NCI loss 981. Subsidiary and associate results are separately scoped.
The older FY2022–FY2024 combined-income statement prints a total-comprehensive-income caption ending attributable to owners of the Company, but that total includes NCI and is followed by separate owners/NCI allocations. Preserve the exact original caption while using the separately allocated owners amount for owners-only comparisons.
Current Note 21, physical page 144, explicitly prints US-dollar-thousand headers, although its numbers equal the Singapore-dollar cash/deposit figures in the primary statements and the reporting basis is Singapore Dollars. The selected table preserves US dollars thousands (as printed). Note 22 on physical page 145 has the same header inconsistency. No conversion, exchange rate or silently corrected unit is invented; the inspected official supplements do not supply a correction.
Current balance-sheet cash and deposits 95,228 less deposits over three months 5,582 gives cash equivalents 89,646; FY2024 111,997 less 32,582 gives 79,415. Current Company equivalents are 62,651 less 5,582 = 57,069, compared with 90,023 less 32,582 = 57,441. Note 21 currency-header inconsistency is separately qualified; these are numeric bridges, not currency conversions.
The FY2024 annual report changes FY2023 comparative cash classification: the older FY2023 annual shows closing 87,521 and opening 71,467, while the later comparative shows closing 36,750 and opening 47,700. The later Note 21 excludes closing deposits over three months of 50,771; the opening cash difference is 23,767. Net placement 27,004 explains the investing-cash change from outflow 8,385 to 35,389 and cash movement from inflow 16,951 to outflow 10,053. This classification change is preserved; the older FY2022 reported closing cash is not silently rewritten, and the report is not relabelled as a formal restatement.
Five-year cash per share uses total balance-sheet cash and short-term deposits, rather than cash equivalents after the deposit exclusion. NAV uses equity attributable to owners, excluding NCI. Dividend cover uses unrounded owner EPS; FY2025 printed cover (8.4) differs from dividing the separately rounded displayed EPS (12.5) by 1.5.
The five-year ROE denominator/formula is not stated in the inspected highlights and capital-management note. Source percentages 1, 5, 2, 7 and -11 are retained. A single formula using Group net result divided by closing owners funds does not reproduce FY2024 and FY2025; no alternative denominator is asserted as the issuer definition. ROA source percentages and other rounded metrics remain distinct.
FY2025 paid dividends 4,058 thousand relate to FY2024 at 2.0 cents; proposed FY2025 dividends are 3,043 thousand at 1.5 cents, unrecognised as a liability at 31 December. Official 28 April 2026 AGM minutes subsequently approve the 1.5-cent dividend; approval is not proof of payment and does not change the reporting-date status.
Historical source dividend amounts contain one-thousand differences: the FY2024 annual proposed 4,057 whereas the later FY2025 report records FY2024 paid/comparative proposed 4,058; FY2022 proposed 2,028 whereas FY2023 reports paid/comparative proposed 2,029. Preserve each original amount and precision; no missing share movement or reconciliation is invented.
Current total loans and borrowings 12,942 thousand include bank borrowing 4,995 and lease liabilities 7,947. Financing repayments 2,553 comprise bank repayments 1,841 and lease principal 712; finance cost/interest paid 737 is separately classified in operating cash flow. Current liability additions 1,255 and FX movement 54 are not borrowing cash inflows. No numerical gearing ratio is printed in the capital-management note.
CH Offshore remains reported at 54.98% Group effective interest in both years, with 45.02% NCI. NCI equity moves from 25,707 through total comprehensive loss 981 and rights-issue contribution 6,127 to 30,853. The rights-issue receipt is a financing cash inflow and does not establish a change in the reported Group ownership percentage.
CH Offshore summarised financial information includes goodwill/acquisition and consolidation adjustments before intercompany eliminations. Its 66,310 net assets and (1,013) result cannot be substituted for consolidated Group amounts or multiplied mechanically by the headline NCI percentage to replace the expressly reported NCI allocation.
The Group has twenty-five unique subsidiaries from twenty-six original source rows. Interseas Sdn. Bhd. appears through two effective routes, 15.94% via CHO Investment and 13.74% via Sea Offshore Assets, totalling 29.68%. High Majestic, Sea Offshore Assets and Green Ocean Assets are expressly controlled subsidiaries at 26.94%, not associates inferred from a below-50% threshold.
PT Bahtera Nusantara Indonesia is a 26.94% associate held through Venture Offshore. Its equity carrying amount and Group share of reported results are dashes despite net liabilities 2,380 thousand and current loss 2,025; excess unrecognised losses are 641 (prior 110). The separate associate loan is gross 4,344 less impairment 1,575 = net 2,769, with repayments received 571. The loan is not an equity percentage or an additional associate.
Investment securities 20,649 thousand comprise quoted bonds 12,534 and unquoted equity securities 8,115, classified at FVOCI; current 968 plus noncurrent 19,681 reconciles to the total. The unquoted investment-fund companies are not named and no ownership percentage is printed; no invented named subsidiary or associate is added.
Current vessel impairment 1,959 and foreign-exchange loss 6,701 are separate expenses. Lower utilisation and the idle Blue Titanium liftboat affect revenue and fixed costs; current AGM minutes describe ongoing charter/sale searches and decline to disclose specific holding costs. Do not infer a completed sale or an undisclosed idle-cost amount.
Shareholding statistics at 18 March 2026 report capital 103,503,391.83 Singapore dollars and 202,877,948 ordinary shares, with zero treasury shares. Accounting share capital is 108,788 thousand; the inspected share-capital disclosures do not supply a numerical bridge. Later AGM minutes state 127,200 shares bought back for employee awards; this later statement does not replace the earlier dated zero treasury disclosure.
Five official annual buyback appendices provide the FY2021–FY2025 Group and Company historical audited before-buyback EPS/LPS, NAV, gearing and current ratios. Only the first original audited base column is selected; four hypothetical after-buyback scenarios are excluded from actual-year series. Higher original precision is retained: current Group loss per share 12.53cents, NAV 100.47, gearing 0.06 times and current ratio 6.38; Company loss per share 4.27 cents, NAV 112.86, gearing dash and current ratio 31.10. Source gearing uses total borrowings divided by total equity, including NCI for the Group, and differs from an owners-only or net-debt ratio. The annual capital-management note alone does not print these ratios.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.