Chemical Ind C05

SGD 0.525 +0.00% +0.00 Updated 23 Oct 2026, 17:16 SGT

Financials

REPORT AND FINANCIAL STATEMENTS

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Auditor’s opinion: a true and fair view. Read auditor’s report (PDF p. 31)

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42 tables

Group statement of financial position / as reported

28 metrics

Units appear below each metric. Scroll to compare years

Group statement of financial position / as reported from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2026Group / as at 31 March 2026 / as reported2025Group / as at 31 March 2025 / as reported Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 20,08623,470 PDF p. 35
Trade and other receivablesSingapore dollars thousands 12,67512,938 PDF p. 35
Due from subsidiariesSingapore dollars thousands -- PDF p. 35
InventoriesSingapore dollars thousands 3,4575,859 PDF p. 35
Total current assetsSingapore dollars thousands 36,21842,267 PDF p. 35
Non-current assets
Property, plant and equipmentSingapore dollars thousands 19,84020,041 PDF p. 35
Investment propertiesSingapore dollars thousands 73,70073,600 PDF p. 35
SubsidiariesSingapore dollars thousands -- PDF p. 35
Trade and other receivablesSingapore dollars thousands -999 PDF p. 35
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 1,3561,219 PDF p. 35
Total non-current assetsSingapore dollars thousands 94,89695,859 PDF p. 35
Total assetsSingapore dollars thousands 131,114138,126 PDF p. 35
Current liabilities
Trade and other payablesSingapore dollars thousands 7,47710,957 PDF p. 35
Contract liabilitiesSingapore dollars thousands 376- PDF p. 35
Bills payableSingapore dollars thousands -4,164 PDF p. 35
Lease liabilitiesSingapore dollars thousands 1,228930 PDF p. 35
ProvisionsSingapore dollars thousands 6,3186,540 PDF p. 35
Income tax payableSingapore dollars thousands 244317 PDF p. 35
Total current liabilitiesSingapore dollars thousands 15,64322,908 PDF p. 35
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 1,067685 PDF p. 36
ProvisionsSingapore dollars thousands 8,9688,275 PDF p. 36
Deferred tax liabilitiesSingapore dollars thousands 7279 PDF p. 36
Total non-current liabilitiesSingapore dollars thousands 10,1079,039 PDF p. 36
Capital and reserves
Share capitalSingapore dollars thousands 75,94575,945 PDF p. 36
Translation reserveSingapore dollars thousands 178(305) PDF p. 36
Accumulated profits (losses)Singapore dollars thousands 29,24130,539 PDF p. 36
Total equitySingapore dollars thousands 105,364106,179 PDF p. 36
Total liabilities and equitySingapore dollars thousands 131,114138,126 PDF p. 36
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company statement of financial position / as reported

28 metrics

Units appear below each metric. Scroll to compare years

Company statement of financial position / as reported from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2026Company / as at 31 March 2026 / as reported2025Company / as at 31 March 2025 / as reported Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 9,41213,555 PDF p. 35
Trade and other receivablesSingapore dollars thousands 12,38712,511 PDF p. 35
Due from subsidiariesSingapore dollars thousands 2,9791,393 PDF p. 35
InventoriesSingapore dollars thousands 3,4015,735 PDF p. 35
Total current assetsSingapore dollars thousands 28,17933,194 PDF p. 35
Non-current assets
Property, plant and equipmentSingapore dollars thousands 19,32319,474 PDF p. 35
Investment propertiesSingapore dollars thousands -- PDF p. 35
SubsidiariesSingapore dollars thousands 44,30344,303 PDF p. 35
Trade and other receivablesSingapore dollars thousands -999 PDF p. 35
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 1,3561,219 PDF p. 35
Total non-current assetsSingapore dollars thousands 64,98265,995 PDF p. 35
Total assetsSingapore dollars thousands 93,16199,189 PDF p. 35
Current liabilities
Trade and other payablesSingapore dollars thousands 6,3639,480 PDF p. 35
Contract liabilitiesSingapore dollars thousands -- PDF p. 35
Bills payableSingapore dollars thousands -4,164 PDF p. 35
Lease liabilitiesSingapore dollars thousands 1,228930 PDF p. 35
ProvisionsSingapore dollars thousands 6,3186,540 PDF p. 35
Income tax payableSingapore dollars thousands -31 PDF p. 35
Total current liabilitiesSingapore dollars thousands 13,90921,145 PDF p. 35
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 1,067685 PDF p. 36
ProvisionsSingapore dollars thousands 8,9688,275 PDF p. 36
Deferred tax liabilitiesSingapore dollars thousands -- PDF p. 36
Total non-current liabilitiesSingapore dollars thousands 10,0358,960 PDF p. 36
Capital and reserves
Share capitalSingapore dollars thousands 75,94575,945 PDF p. 36
Translation reserveSingapore dollars thousands -- PDF p. 36
Accumulated profits (losses)Singapore dollars thousands (6,728)(6,861) PDF p. 36
Total equitySingapore dollars thousands 69,21769,084 PDF p. 36
Total liabilities and equitySingapore dollars thousands 93,16199,189 PDF p. 36
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group consolidated comprehensive income / as reported

14 metrics

Units appear below each metric. Scroll to compare years

Group consolidated comprehensive income / as reported from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2026Group / year ended 31 March 2026 / as reported2025Group / year ended 31 March 2025 / as reported Source
income
RevenueSingapore dollars thousands 60,63465,374 PDF p. 37
Cost of salesSingapore dollars thousands (52,146)(61,537) PDF p. 37
Gross profitSingapore dollars thousands 8,4883,837 PDF p. 37
Other incomeSingapore dollars thousands 1,6842,424 PDF p. 37
Distribution expensesSingapore dollars thousands (5,439)(5,814) PDF p. 37
Administrative expensesSingapore dollars thousands (4,846)(4,783) PDF p. 37
Other expensesSingapore dollars thousands (534)(17,466) PDF p. 37
Finance costsSingapore dollars thousands (279)(300) PDF p. 37
Loss before taxSingapore dollars thousands (926)(22,102) PDF p. 37
Income tax creditSingapore dollars thousands 7645 PDF p. 37
Loss for the year attributable to owners of the CompanySingapore dollars thousands (919)(21,457) PDF p. 37
Item that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operationsSingapore dollars thousands 483(434) PDF p. 37
Total comprehensive loss for the year
Total comprehensive loss for the year attributable to owners of the CompanySingapore dollars thousands (436)(21,891) PDF p. 37
Loss per share
Basic and dilutedSingapore cents per share (1.21)(28.25) PDF p. 37
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group changes in equity / 2026 / as reported

6 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity / 2026 / as reported from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2026Group / Share capital / as reported2026Group / Translation reserves / as reported2026Group / Accumulated profits / as reported2026Group / Equity attributable to owners / as reported Source
Total comprehensive loss for the year
Balance as at 31 March 2025Singapore dollars thousands 75,945(305)30,539106,179 PDF p. 38
Loss for the yearSingapore dollars thousands --(919)(919) PDF p. 38
Other comprehensive incomeSingapore dollars thousands -483-483 PDF p. 38
TotalSingapore dollars thousands -483(919)(436) PDF p. 38
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands --(379)(379) PDF p. 38
Balance as at 31 March 2026Singapore dollars thousands 75,94517829,241105,364 PDF p. 38
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group changes in equity / 2025 / as reported

6 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity / 2025 / as reported from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2025Group / Share capital / as reported2025Group / Translation reserves / as reported2025Group / Accumulated profits / as reported2025Group / Equity attributable to owners / as reported Source
Group
Balance at 1 April 2024Singapore dollars thousands 75,94512953,135129,209 PDF p. 38
Total comprehensive loss for the year
Loss for the yearSingapore dollars thousands --(21,457)(21,457) PDF p. 38
Other comprehensive lossSingapore dollars thousands -(434)-(434) PDF p. 38
TotalSingapore dollars thousands -(434)(21,457)(21,891) PDF p. 38
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands --(1,139)(1,139) PDF p. 38
Balance as at 31 March 2025Singapore dollars thousands 75,945(305)30,539106,179 PDF p. 38
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company changes in equity / 2026 / as reported

4 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2026 / as reported from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2026Company / Share capital / as reported2026Company / Accumulated profits or losses / as reported2026Company / Total equity / as reported Source
Company
Balance as at 31 March 2025Singapore dollars thousands 75,945(6,861)69,084 PDF p. 39
Profit for the year, representing total comprehensive income for the yearSingapore dollars thousands -512512 PDF p. 39
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands -(379)(379) PDF p. 39
Balance as at 31 March 2026Singapore dollars thousands 75,945(6,728)69,217 PDF p. 39
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company changes in equity / 2025 / as reported

4 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / 2025 / as reported from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2025Company / Share capital / as reported2025Company / Accumulated profits or losses / as reported2025Company / Total equity / as reported Source
Company
Balance at 1 April 2024Singapore dollars thousands 75,945(6,295)69,650 PDF p. 39
Profit for the year, representing total comprehensive income for the yearSingapore dollars thousands -573573 PDF p. 39
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands -(1,139)(1,139) PDF p. 39
Balance as at 31 March 2025Singapore dollars thousands 75,945(6,861)69,084 PDF p. 39
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group consolidated cash flows / as reported

36 metrics

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Group consolidated cash flows / as reported from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2026Group / year ended 31 March 2026 / as reported2025Group / year ended 31 March 2025 / as reported Source
Operating activities
Loss before taxSingapore dollars thousands (926)(22,102) PDF p. 40
Adjustments for:
(Reversal of) Write down of inventories to net realisable valueSingapore dollars thousands (207)227 PDF p. 40
Inventories written offSingapore dollars thousands 96- PDF p. 40
(Reversal of) Provision for onerous contractsSingapore dollars thousands (222)6,222 PDF p. 40
Increase (Decrease) in loss allowance on trade receivablesSingapore dollars thousands 10(151) PDF p. 40
Depreciation of property, plant and equipmentSingapore dollars thousands 4,3246,710 PDF p. 40
Fair value (gains) losses on investment propertiesSingapore dollars thousands (100)700 PDF p. 40
Impairment of plant and equipmentSingapore dollars thousands -10,100 PDF p. 40
Write off of property, plant and equipmentSingapore dollars thousands 16 PDF p. 40
Fair value gain on financial assets at FVTPLSingapore dollars thousands (137)(266) PDF p. 40
Gain on disposal of property, plant and equipmentSingapore dollars thousands (12)(8) PDF p. 40
Dividend incomeSingapore dollars thousands (73)(55) PDF p. 40
Interest expenseSingapore dollars thousands 279300 PDF p. 40
Interest incomeSingapore dollars thousands (343)(592) PDF p. 40
Unrealised foreign exchange differencesSingapore dollars thousands 240(3) PDF p. 40
Operating cash flows before movements in working capitalSingapore dollars thousands 2,9301,088 PDF p. 40
Trade and other receivablesSingapore dollars thousands 1,0752,632 PDF p. 40
InventoriesSingapore dollars thousands 2,5131,341 PDF p. 40
Trade and other payablesSingapore dollars thousands (3,554)4,755 PDF p. 40
Contract liabilitiesSingapore dollars thousands 376- PDF p. 40
Cash generated from operationsSingapore dollars thousands 3,3409,816 PDF p. 40
Dividends paidSingapore dollars thousands (379)(1,139) PDF p. 40
Income tax paidSingapore dollars thousands (77)(192) PDF p. 40
Interest receivedSingapore dollars thousands 343592 PDF p. 40
Dividends receivedSingapore dollars thousands 7355 PDF p. 40
Net cash from operating activitiesSingapore dollars thousands 3,3009,132 PDF p. 40
Investing activities
Proceeds on disposal of property, plant and equipmentSingapore dollars thousands 1914 PDF p. 41
Purchase of property, plant and equipmentSingapore dollars thousands (2,052)(9,753) PDF p. 41
Net cash used in investing activitiesSingapore dollars thousands (2,033)(9,739) PDF p. 41
Financing activities
(Decrease) Increase in bills payableSingapore dollars thousands (4,164)4,164 PDF p. 41
Repayment of lease liabilitiesSingapore dollars thousands (973)(1,089) PDF p. 41
Net cash (used in) from financing activitiesSingapore dollars thousands (5,137)3,075 PDF p. 41
Net (decrease) increase in cash and cash equivalentsSingapore dollars thousands (3,870)2,468 PDF p. 41
Cash and cash equivalents at beginning of yearSingapore dollars thousands 23,47021,442 PDF p. 41
Effect of foreign exchange rate changesSingapore dollars thousands 486(440) PDF p. 41
Cash and cash equivalents at end of yearSingapore dollars thousands 20,08623,470 PDF p. 41
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group five-year financial profile

19 metrics

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Group five-year financial profile from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2026Group / 20262025Group / 20252024Group / 2024 / restated2023Group / 2023 / restated2022Group / 2022 / restated Source
Five year summary
RevenueSingapore dollars thousands 60,63465,37472,583100,03485,000 PDF p. 75
(Loss) Profit before taxSingapore dollars thousands (926)(22,102)5,3483,7535,503 PDF p. 75
Tax credit (expense)Singapore dollars thousands 7645(483)(536)967 PDF p. 75
(Loss) Profit for the yearSingapore dollars thousands (919)(21,457)4,8653,2176,470 PDF p. 75
Attributable to:
Equity holders of the companySingapore dollars thousands (919)(21,457)4,8653,2176,470 PDF p. 75
ASSETS
Property, plant and equipmentSingapore dollars thousands 19,84020,04127,05921,35520,737 PDF p. 75
Investment propertiesSingapore dollars thousands 73,70073,60074,30064,50058,100 PDF p. 75
Trade and other receivablesSingapore dollars thousands -9991,9462,845- PDF p. 75
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 1,3561,2199539531,009 PDF p. 75
Current assetsSingapore dollars thousands 36,21842,26743,26156,75773,446 PDF p. 75
Total assetsSingapore dollars thousands 131,114138,126147,519146,410153,292 PDF p. 75
LIABILITIES
Deferred tax liabilitiesSingapore dollars thousands 72799358341,775 PDF p. 75
Non-current liabilitiesSingapore dollars thousands 10,0358,9609,63410,44711,251 PDF p. 75
Current liabilitiesSingapore dollars thousands 15,64322,9087,7419,75516,552 PDF p. 75
Total liabilitiesSingapore dollars thousands 25,75031,94718,31021,03629,577 PDF p. 75
CAPITAL AND RESERVES
Share capitalSingapore dollars thousands 75,94575,94575,94575,94575,945 PDF p. 75
ReservesSingapore dollars thousands 178(305)12920(9) PDF p. 75
Accumulated profitsSingapore dollars thousands 29,24130,53953,13549,40947,778 PDF p. 75
Total equitySingapore dollars thousands 105,364106,179129,209125,374123,714 PDF p. 75
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Listed security five-year per-share profile

4 metrics

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Listed security five-year per-share profile from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2026Listed security / 20262025Listed security / 20252024Listed security / 2024 / restated2023Listed security / 2023 / restated2022Listed security / 2022 / restated Source
Per Share
(Loss) earnings before taxSingapore cents per share (1.22)(29.10)7.044.947.25 PDF p. 75
(Loss) earnings after taxSingapore cents per share (1.21)(28.25)6.414.248.52 PDF p. 75
Dividend (net)Singapore cents per share 0.50.51.51.53.3 PDF p. 75
Net tangible asset per shareSingapore cents per share 139140170165163 PDF p. 75
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group and Company lease liabilities reconciliation / 2026

1 metrics

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Group and Company lease liabilities reconciliation / 2026 from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2026Group and Company / Beginning2026Group and Company / Financing cash flows2026Group and Company / Noncash additions2026Group and Company / Interest accruing2026Group and Company / End Source
Group and Company lease financing liabilities
Lease liabilitiesSingapore dollars thousands 1,615(973)1,612412,295 PDF p. 66
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group and Company lease liabilities reconciliation / 2025

1 metrics

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Group and Company lease liabilities reconciliation / 2025 from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2025Group and Company / Beginning2025Group and Company / Financing cash flows2025Group and Company / Noncash additions2025Group and Company / Interest accruing2025Group and Company / End Source
Group and Company lease financing liabilities
Lease liabilitiesSingapore dollars thousands 2,599(1,089)45601,615 PDF p. 66
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group statement of financial position / restated

28 metrics

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Group statement of financial position / restated from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / as at 31 March 2024 / restated Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 21,442 PDF p. 36
Trade and other receivablesSingapore dollars thousands 14,392 PDF p. 36
Due from subsidiariesSingapore dollars thousands - PDF p. 36
InventoriesSingapore dollars thousands 7,427 PDF p. 36
Total current assetsSingapore dollars thousands 43,261 PDF p. 36
Non-current assets
Property, plant and equipmentSingapore dollars thousands 27,059 PDF p. 36
Investment propertiesSingapore dollars thousands 74,300 PDF p. 36
SubsidiariesSingapore dollars thousands - PDF p. 36
Trade and other receivablesSingapore dollars thousands 1,946 PDF p. 36
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 953 PDF p. 36
Total non-current assetsSingapore dollars thousands 104,258 PDF p. 36
Total assetsSingapore dollars thousands 147,519 PDF p. 36
Current liabilities
Trade and other payablesSingapore dollars thousands 6,099 PDF p. 36
Contract liabilitiesSingapore dollars thousands - PDF p. 36
Bills payableSingapore dollars thousands - PDF p. 36
Lease liabilitiesSingapore dollars thousands 1,025 PDF p. 36
ProvisionsSingapore dollars thousands 318 PDF p. 36
Income tax payableSingapore dollars thousands 299 PDF p. 36
Total current liabilitiesSingapore dollars thousands 7,741 PDF p. 36
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 1,574 PDF p. 37
ProvisionsSingapore dollars thousands 8,060 PDF p. 37
Deferred tax liabilitiesSingapore dollars thousands 935 PDF p. 37
Total non-current liabilitiesSingapore dollars thousands 10,569 PDF p. 37
Capital and reserves
Share capitalSingapore dollars thousands 75,945 PDF p. 37
Translation reserveSingapore dollars thousands 129 PDF p. 37
Accumulated profits (losses)Singapore dollars thousands 53,135 PDF p. 37
Total equitySingapore dollars thousands 129,209 PDF p. 37
Total liabilities and equitySingapore dollars thousands 147,519 PDF p. 37
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company statement of financial position / restated

28 metrics

Units appear below each metric. Scroll to compare years

Company statement of financial position / restated from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Company / as at 31 March 2024 / restated Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 12,714 PDF p. 36
Trade and other receivablesSingapore dollars thousands 13,989 PDF p. 36
Due from subsidiariesSingapore dollars thousands 16,867 PDF p. 36
InventoriesSingapore dollars thousands 7,364 PDF p. 36
Total current assetsSingapore dollars thousands 50,934 PDF p. 36
Non-current assets
Property, plant and equipmentSingapore dollars thousands 26,610 PDF p. 36
Investment propertiesSingapore dollars thousands - PDF p. 36
SubsidiariesSingapore dollars thousands 6,303 PDF p. 36
Trade and other receivablesSingapore dollars thousands 1,946 PDF p. 36
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 953 PDF p. 36
Total non-current assetsSingapore dollars thousands 35,812 PDF p. 36
Total assetsSingapore dollars thousands 86,746 PDF p. 36
Current liabilities
Trade and other payablesSingapore dollars thousands 5,202 PDF p. 36
Contract liabilitiesSingapore dollars thousands - PDF p. 36
Bills payableSingapore dollars thousands - PDF p. 36
Lease liabilitiesSingapore dollars thousands 1,025 PDF p. 36
ProvisionsSingapore dollars thousands 318 PDF p. 36
Income tax payableSingapore dollars thousands 46 PDF p. 36
Total current liabilitiesSingapore dollars thousands 6,591 PDF p. 36
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 1,574 PDF p. 37
ProvisionsSingapore dollars thousands 8,060 PDF p. 37
Deferred tax liabilitiesSingapore dollars thousands 871 PDF p. 37
Total non-current liabilitiesSingapore dollars thousands 10,505 PDF p. 37
Capital and reserves
Share capitalSingapore dollars thousands 75,945 PDF p. 37
Translation reserveSingapore dollars thousands - PDF p. 37
Accumulated profits (losses)Singapore dollars thousands (6,295) PDF p. 37
Total equitySingapore dollars thousands 69,650 PDF p. 37
Total liabilities and equitySingapore dollars thousands 86,746 PDF p. 37
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group consolidated comprehensive income / restated

14 metrics

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Group consolidated comprehensive income / restated from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / year ended 31 March 2024 / restated Source
income
RevenueSingapore dollars thousands 72,583 PDF p. 38
Cost of salesSingapore dollars thousands (66,951) PDF p. 38
Gross profitSingapore dollars thousands 5,632 PDF p. 38
Other incomeSingapore dollars thousands 12,440 PDF p. 38
Distribution expensesSingapore dollars thousands (5,769) PDF p. 38
Administrative expensesSingapore dollars thousands (5,293) PDF p. 38
Other expensesSingapore dollars thousands (1,365) PDF p. 38
Finance costsSingapore dollars thousands (297) PDF p. 38
(Loss) Profit before taxSingapore dollars thousands 5,348 PDF p. 38
Income tax credit (expense)Singapore dollars thousands (483) PDF p. 38
(Loss) Profit for the year attributable to owners of the companySingapore dollars thousands 4,865 PDF p. 38
Item that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operationsSingapore dollars thousands 109 PDF p. 38
Total comprehensive (loss) income for the year
Total comprehensive (loss) income for the year attributable to owners of the companySingapore dollars thousands 4,974 PDF p. 38
(Loss) Earnings per share
Basic and dilutedSingapore cents per share 6.41 PDF p. 38
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group changes in equity / 2024 / restated

8 metrics

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Group changes in equity / 2024 / restated from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / Share capital / restated2024Group / Translation reserves / restated2024Group / Accumulated profits / restated2024Group / Equity attributable to owners / restated Source
Group
Balance at 1 April 2023Singapore dollars thousands 75,9452055,503131,468 PDF p. 39
RestatementSingapore dollars thousands --(6,094)(6,094) PDF p. 39
Balance at 1 April 2023 (Restated)Singapore dollars thousands 75,9452049,409125,374 PDF p. 39
Total comprehensive income for the year
Profit for the year (Restated)Singapore dollars thousands --4,8654,865 PDF p. 39
Other comprehensive incomeSingapore dollars thousands -109-109 PDF p. 39
TotalSingapore dollars thousands -1094,8654,974 PDF p. 39
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands --(1,139)(1,139) PDF p. 39
Balance as at 31 March 2024 (Restated)Singapore dollars thousands 75,94512953,135129,209 PDF p. 39
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company changes in equity / 2024 / restated

6 metrics

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Company changes in equity / 2024 / restated from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Company / Share capital / restated2024Company / Accumulated profits or losses / restated2024Company / Total equity / restated Source
Company
Balance at 1 April 2023Singapore dollars thousands 75,9458076,025 PDF p. 40
RestatementSingapore dollars thousands -(6,094)(6,094) PDF p. 40
Balance at 1 April 2023 (Restated)Singapore dollars thousands 75,945(6,014)69,931 PDF p. 40
Profit for the year, representing total comprehensive income for the year (Restated)Singapore dollars thousands -858858 PDF p. 40
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands -(1,139)(1,139) PDF p. 40
Balance as at 31 March 2024 (Restated)Singapore dollars thousands 75,945(6,295)69,650 PDF p. 40
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group consolidated cash flows / restated

35 metrics

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Group consolidated cash flows / restated from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / year ended 31 March 2024 / restated Source
Operating activities
(Loss) Profit before taxSingapore dollars thousands 5,348 PDF p. 41
Adjustments for:
Write down of inventories to net realisable valueSingapore dollars thousands 300 PDF p. 41
Provision for onerous contractsSingapore dollars thousands 318 PDF p. 41
Reversal of loss allowance on trade receivablesSingapore dollars thousands (197) PDF p. 41
Depreciation of property, plant and equipmentSingapore dollars thousands 6,081 PDF p. 41
Fair value loss (gains) on investment propertiesSingapore dollars thousands (9,800) PDF p. 41
Impairment of property, plant and equipmentSingapore dollars thousands - PDF p. 41
Write off of property, plant and equipmentSingapore dollars thousands 34 PDF p. 41
Fair value (gain) loss on financial assets at FVTPLSingapore dollars thousands 1 PDF p. 41
(Gain) loss on disposal of property, plant and equipmentSingapore dollars thousands 19 PDF p. 41
Dividend incomeSingapore dollars thousands (51) PDF p. 41
Interest expenseSingapore dollars thousands 297 PDF p. 41
Interest incomeSingapore dollars thousands (562) PDF p. 41
Unrealised foreign exchange differencesSingapore dollars thousands 19 PDF p. 41
Operating cash flows before movements in working capitalSingapore dollars thousands 1,807 PDF p. 41
Trade and other receivablesSingapore dollars thousands 5,349 PDF p. 41
InventoriesSingapore dollars thousands 774 PDF p. 41
Trade and other payablesSingapore dollars thousands (1,436) PDF p. 41
Contract liabilitiesSingapore dollars thousands (912) PDF p. 41
Cash generated from operationsSingapore dollars thousands 5,582 PDF p. 41
Dividends paidSingapore dollars thousands (1,139) PDF p. 41
Income tax paidSingapore dollars thousands (247) PDF p. 41
Interest receivedSingapore dollars thousands 562 PDF p. 41
Dividends receivedSingapore dollars thousands 51 PDF p. 41
Net cash from operating activitiesSingapore dollars thousands 4,809 PDF p. 41
Investing activities
Proceeds on disposal of property, plant and equipmentSingapore dollars thousands 23 PDF p. 42
Purchase of property, plant and equipmentSingapore dollars thousands (11,861) PDF p. 42
Net cash used in investing activitiesSingapore dollars thousands (11,838) PDF p. 42
Financing activities
Increase in bills payableSingapore dollars thousands - PDF p. 42
Repayment of lease liabilitiesSingapore dollars thousands (1,080) PDF p. 42
Net cash from (used in) investing activitiesSingapore dollars thousands (1,080) PDF p. 42
Net increase (decrease) in cash and cash equivalentsSingapore dollars thousands (8,109) PDF p. 42
Cash and cash equivalents at beginning of yearSingapore dollars thousands 29,442 PDF p. 42
Effect of foreign exchange rate changesSingapore dollars thousands 109 PDF p. 42
Cash and cash equivalents at end of yearSingapore dollars thousands 21,442 PDF p. 42
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group Note 30 balance sheet restatement bridges

4 metrics

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Group Note 30 balance sheet restatement bridges from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / 2024 / As previously reported2024Group / 2024 / Restatement2024Group / 2024 / As restated2023Group / 2023 / As previously reported2023Group / 2023 / Restatement2023Group / 2023 / As restated Source
Group
Property, plant and equipmentSingapore dollars thousands 26,74531427,05920,93342221,355 PDF p. 73
Provisions (non- current)Singapore dollars thousands -8,0608,060-7,8517,851 PDF p. 73
Deferred tax liabilitiesSingapore dollars thousands 2,305(1,370)9352,169(1,335)834 PDF p. 73
Accumulated profitsSingapore dollars thousands 59,511(6,376)53,13555,503(6,094)49,409 PDF p. 73
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company Note 30 balance sheet restatement bridges

4 metrics

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Company Note 30 balance sheet restatement bridges from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Company / 2024 / As previously reported2024Company / 2024 / Restatement2024Company / 2024 / As restated2023Company / 2023 / As previously reported2023Company / 2023 / Restatement2023Company / 2023 / As restated Source
Company
Property, plant and equipmentSingapore dollars thousands 26,29631426,61020,13042220,552 PDF p. 73
Provisions (non- current)Singapore dollars thousands -8,0608,060-7,8517,851 PDF p. 73
Deferred tax liabilitiesSingapore dollars thousands 2,241(1,370)8712,062(1,335)727 PDF p. 73
Accumulated profits (losses)Singapore dollars thousands 81(6,376)(6,295)80(6,094)(6,014) PDF p. 73
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group Note 30 income restatement bridge

8 metrics

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Group Note 30 income restatement bridge from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / As previously reported2024Group / Restatement2024Group / As restated Source
Note30original/restatement/restated income
Cost of salesSingapore dollars thousands (66,870)(81)(66,951) PDF p. 74
Distribution expensesSingapore dollars thousands (5,742)(27)(5,769) PDF p. 74
Finance costsSingapore dollars thousands (88)(209)(297) PDF p. 74
Profit before income taxSingapore dollars thousands 5,665(317)5,348 PDF p. 74
Income tax expenseSingapore dollars thousands (518)35(483) PDF p. 74
Profit for the yearSingapore dollars thousands 5,147(282)4,865 PDF p. 74
Total comprehensive income for the yearSingapore dollars thousands 5,256(282)4,974 PDF p. 74
Earnings per share - basic and dilutedSingapore cents per share 6.78(0.37)6.41 PDF p. 74
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group Note 30 cash-flow restatement bridge

3 metrics

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Group Note 30 cash-flow restatement bridge from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / As previously reported2024Group / Restatement2024Group / As restated Source
Operating activities:
Profit before taxSingapore dollars thousands 5,665(317)5,348 PDF p. 74
Depreciation of property, plant and equipmentSingapore dollars thousands 5,9731086,081 PDF p. 74
Finance costsSingapore dollars thousands 88209297 PDF p. 74
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group statement of financial position / restated, dated 1 April 2023

28 metrics

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Group statement of financial position / restated, dated 1 April 2023 from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2023Group / as at 1 April 2023 / restated, dated 1 April 2023 Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 29,442 PDF p. 36
Trade and other receivablesSingapore dollars thousands 18,814 PDF p. 36
Due from subsidiariesSingapore dollars thousands - PDF p. 36
InventoriesSingapore dollars thousands 8,501 PDF p. 36
Total current assetsSingapore dollars thousands 56,757 PDF p. 36
Non-current assets
Property, plant and equipmentSingapore dollars thousands 21,355 PDF p. 36
Investment propertiesSingapore dollars thousands 64,500 PDF p. 36
SubsidiariesSingapore dollars thousands - PDF p. 36
Trade and other receivablesSingapore dollars thousands 2,845 PDF p. 36
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 953 PDF p. 36
Total non-current assetsSingapore dollars thousands 89,653 PDF p. 36
Total assetsSingapore dollars thousands 146,410 PDF p. 36
Current liabilities
Trade and other payablesSingapore dollars thousands 7,695 PDF p. 36
Contract liabilitiesSingapore dollars thousands 912 PDF p. 36
Bills payableSingapore dollars thousands - PDF p. 36
Lease liabilitiesSingapore dollars thousands 995 PDF p. 36
ProvisionsSingapore dollars thousands - PDF p. 36
Income tax payableSingapore dollars thousands 153 PDF p. 36
Total current liabilitiesSingapore dollars thousands 9,755 PDF p. 36
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 2,596 PDF p. 37
ProvisionsSingapore dollars thousands 7,851 PDF p. 37
Deferred tax liabilitiesSingapore dollars thousands 834 PDF p. 37
Total non-current liabilitiesSingapore dollars thousands 11,281 PDF p. 37
Capital and reserves
Share capitalSingapore dollars thousands 75,945 PDF p. 37
Translation reserveSingapore dollars thousands 20 PDF p. 37
Accumulated profits (losses)Singapore dollars thousands 49,409 PDF p. 37
Total equitySingapore dollars thousands 125,374 PDF p. 37
Total liabilities and equitySingapore dollars thousands 146,410 PDF p. 37
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company statement of financial position / restated, dated 1 April 2023

28 metrics

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Company statement of financial position / restated, dated 1 April 2023 from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2023Company / as at 1 April 2023 / restated, dated 1 April 2023 Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 19,720 PDF p. 36
Trade and other receivablesSingapore dollars thousands 18,423 PDF p. 36
Due from subsidiariesSingapore dollars thousands 11,801 PDF p. 36
InventoriesSingapore dollars thousands 8,072 PDF p. 36
Total current assetsSingapore dollars thousands 58,016 PDF p. 36
Non-current assets
Property, plant and equipmentSingapore dollars thousands 20,552 PDF p. 36
Investment propertiesSingapore dollars thousands - PDF p. 36
SubsidiariesSingapore dollars thousands 6,383 PDF p. 36
Trade and other receivablesSingapore dollars thousands 2,845 PDF p. 36
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 953 PDF p. 36
Total non-current assetsSingapore dollars thousands 30,733 PDF p. 36
Total assetsSingapore dollars thousands 88,749 PDF p. 36
Current liabilities
Trade and other payablesSingapore dollars thousands 6,569 PDF p. 36
Contract liabilitiesSingapore dollars thousands 80 PDF p. 36
Bills payableSingapore dollars thousands - PDF p. 36
Lease liabilitiesSingapore dollars thousands 995 PDF p. 36
ProvisionsSingapore dollars thousands - PDF p. 36
Income tax payableSingapore dollars thousands - PDF p. 36
Total current liabilitiesSingapore dollars thousands 7,644 PDF p. 36
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 2,596 PDF p. 37
ProvisionsSingapore dollars thousands 7,851 PDF p. 37
Deferred tax liabilitiesSingapore dollars thousands 727 PDF p. 37
Total non-current liabilitiesSingapore dollars thousands 11,174 PDF p. 37
Capital and reserves
Share capitalSingapore dollars thousands 75,945 PDF p. 37
Translation reserveSingapore dollars thousands - PDF p. 37
Accumulated profits (losses)Singapore dollars thousands (6,014) PDF p. 37
Total equitySingapore dollars thousands 69,931 PDF p. 37
Total liabilities and equitySingapore dollars thousands 88,749 PDF p. 37
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group consolidated comprehensive income / original disclosed basis before land restoration restatement

14 metrics

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Group consolidated comprehensive income / original disclosed basis before land restoration restatement from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2023Group / year ended 31 March 2023 / original disclosed basis before land restoration restatement Source
income
RevenueSingapore dollars thousands 100,034 PDF p. 36
Cost of salesSingapore dollars thousands (93,105) PDF p. 36
Gross profitSingapore dollars thousands 6,929 PDF p. 36
Other income Fair value gains on investment propertiesSingapore dollars thousands 6,400 PDF p. 36
Others (net)Singapore dollars thousands 2,821 PDF p. 36
Distribution expensesSingapore dollars thousands (6,218) PDF p. 36
Administrative expensesSingapore dollars thousands (5,799) PDF p. 36
Finance costsSingapore dollars thousands (67) PDF p. 36
Profit before taxSingapore dollars thousands 4,066 PDF p. 36
Income tax expenseSingapore dollars thousands (512) PDF p. 36
Profit for the year attributable to owners of the companySingapore dollars thousands 3,554 PDF p. 36
Item that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operationsSingapore dollars thousands 29 PDF p. 36
Total comprehensive income for the year attributable to owners of the companySingapore dollars thousands 3,583 PDF p. 36
Earnings per share
Basic and dilutedSingapore cents per share 4.68 PDF p. 36
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group changes in equity / 2023 / original disclosed basis before land restoration restatement

6 metrics

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Group changes in equity / 2023 / original disclosed basis before land restoration restatement from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2023Group / Share capital / original disclosed basis before land restoration restatement2023Group / Translation reserves / original disclosed basis before land restoration restatement2023Group / Accumulated profits / original disclosed basis before land restoration restatement2023Group / Equity attributable to owners / original disclosed basis before land restoration restatement Source
Group
Balance at 1 April 2022Singapore dollars thousands 75,945(9)54,455130,391 PDF p. 37
Total comprehensive income for the year
Profit for the yearSingapore dollars thousands --3,5543,554 PDF p. 37
Other comprehensive incomeSingapore dollars thousands -29-29 PDF p. 37
TotalSingapore dollars thousands -293,5543,583 PDF p. 37
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands --(2,506)(2,506) PDF p. 37
Balance as at 31 March 2023Singapore dollars thousands 75,9452055,503131,468 PDF p. 37
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company changes in equity / 2023 / original disclosed basis before land restoration restatement

4 metrics

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Company changes in equity / 2023 / original disclosed basis before land restoration restatement from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2023Company / Share capital / original disclosed basis before land restoration restatement2023Company / Accumulated profits or losses / original disclosed basis before land restoration restatement2023Company / Total equity / original disclosed basis before land restoration restatement Source
Company
Balance at 1 April 2022Singapore dollars thousands 75,9451,34177,286 PDF p. 38
Profit for the year, representing total comprehensive income for the yearSingapore dollars thousands -1,2451,245 PDF p. 38
transactions with owners,
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands -(2,506)(2,506) PDF p. 38
Balance as at 31 March 2023Singapore dollars thousands 75,9458076,025 PDF p. 38
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group consolidated cash flows / original disclosed basis before land restoration restatement

32 metrics

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Group consolidated cash flows / original disclosed basis before land restoration restatement from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2023Group / year ended 31 March 2023 / original disclosed basis before land restoration restatement Source
Operating activities
Profit before taxSingapore dollars thousands 4,066 PDF p. 39
Adjustments for:
Write down of inventories to net realisable valueSingapore dollars thousands 141 PDF p. 39
Provision for onerous contractsSingapore dollars thousands - PDF p. 39
(Reversal of) Loss allowance on trade receivablesSingapore dollars thousands 258 PDF p. 39
Depreciation of property, plant and equipmentSingapore dollars thousands 4,781 PDF p. 39
Fair value gains on investment propertiesSingapore dollars thousands (6,400) PDF p. 39
Write off of property, plant and equipmentSingapore dollars thousands - PDF p. 39
Fair value loss on financial assets at FVTPLSingapore dollars thousands 56 PDF p. 39
Loss (Gain) on disposal of property, plant and equipmentSingapore dollars thousands (4) PDF p. 39
Dividend incomeSingapore dollars thousands (37) PDF p. 39
Interest expenseSingapore dollars thousands 67 PDF p. 39
Interest incomeSingapore dollars thousands (384) PDF p. 39
Foreign exchange differencesSingapore dollars thousands 238 PDF p. 39
Operating cash flows before movements in working capitalSingapore dollars thousands 2,782 PDF p. 39
Trade and other receivablesSingapore dollars thousands (3,515) PDF p. 39
InventoriesSingapore dollars thousands 1,326 PDF p. 39
Trade and other payablesSingapore dollars thousands (5,979) PDF p. 39
Contract liabilitiesSingapore dollars thousands 704 PDF p. 39
Cash generated from (used in) operationsSingapore dollars thousands (4,682) PDF p. 39
Dividends paidSingapore dollars thousands (2,506) PDF p. 39
Income tax paidSingapore dollars thousands (1,867) PDF p. 39
Interest receivedSingapore dollars thousands 384 PDF p. 39
Dividends receivedSingapore dollars thousands 37 PDF p. 39
Net cash generated from (used in) operating activitiesSingapore dollars thousands (8,634) PDF p. 39
Investing activities
Proceeds on disposal of property, plant and equipmentSingapore dollars thousands 25 PDF p. 40
Purchase of property, plant and equipmentSingapore dollars thousands (5,755) PDF p. 40
Net cash used in investing activitiesSingapore dollars thousands (5,730) PDF p. 40
Financing activity
Repayment of lease liabilities, representing net cash used in financing activitySingapore dollars thousands (1,054) PDF p. 40
Net decrease in cash and cash equivalentsSingapore dollars thousands (15,418) PDF p. 40
Cash and cash equivalents at beginning of yearSingapore dollars thousands 44,977 PDF p. 40
Effect of foreign exchange rate changesSingapore dollars thousands (117) PDF p. 40
Cash and cash equivalents at end of yearSingapore dollars thousands 29,442 PDF p. 40
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group statement of financial position / original disclosed basis

26 metrics

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Group statement of financial position / original disclosed basis from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2022Group / as at 31 March 2022 / original disclosed basis Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 44,977 PDF p. 35
Trade and other receivablesSingapore dollars thousands 18,501 PDF p. 35
Due from subsidiariesSingapore dollars thousands - PDF p. 35
InventoriesSingapore dollars thousands 9,968 PDF p. 35
Total current assetsSingapore dollars thousands 73,446 PDF p. 35
Non-current assets
Property, plant and equipmentSingapore dollars thousands 20,095 PDF p. 35
Investment propertiesSingapore dollars thousands 58,100 PDF p. 35
SubsidiariesSingapore dollars thousands - PDF p. 35
AssociateSingapore dollars thousands - PDF p. 35
Trade and other receivablesSingapore dollars thousands - PDF p. 35
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 1,009 PDF p. 35
Total non-current assetsSingapore dollars thousands 79,204 PDF p. 35
Total assetsSingapore dollars thousands 152,650 PDF p. 35
Current liabilities
Trade and other payablesSingapore dollars thousands 13,681 PDF p. 35
Contract liabilitiesSingapore dollars thousands 208 PDF p. 35
Lease liabilitiesSingapore dollars thousands 892 PDF p. 35
Income tax payableSingapore dollars thousands 1,771 PDF p. 35
Total current liabilitiesSingapore dollars thousands 16,552 PDF p. 35
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 3,801 PDF p. 36
Deferred tax liabilitiesSingapore dollars thousands 1,906 PDF p. 36
Total non-current liabilitiesSingapore dollars thousands 5,707 PDF p. 36
Capital and reserves
Share capitalSingapore dollars thousands 75,945 PDF p. 36
Translation reserveSingapore dollars thousands (9) PDF p. 36
Accumulated profitsSingapore dollars thousands 54,455 PDF p. 36
Total equitySingapore dollars thousands 130,391 PDF p. 36
Total liabilities and equitySingapore dollars thousands 152,650 PDF p. 36
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company statement of financial position / original disclosed basis

26 metrics

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Company statement of financial position / original disclosed basis from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2022Company / as at 31 March 2022 / original disclosed basis Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 39,769 PDF p. 35
Trade and other receivablesSingapore dollars thousands 17,852 PDF p. 35
Due from subsidiariesSingapore dollars thousands 4,733 PDF p. 35
InventoriesSingapore dollars thousands 9,759 PDF p. 35
Total current assetsSingapore dollars thousands 72,113 PDF p. 35
Non-current assets
Property, plant and equipmentSingapore dollars thousands 19,020 PDF p. 35
Investment propertiesSingapore dollars thousands - PDF p. 35
SubsidiariesSingapore dollars thousands 6,383 PDF p. 35
AssociateSingapore dollars thousands - PDF p. 35
Trade and other receivablesSingapore dollars thousands - PDF p. 35
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 1,009 PDF p. 35
Total non-current assetsSingapore dollars thousands 26,412 PDF p. 35
Total assetsSingapore dollars thousands 98,525 PDF p. 35
Current liabilities
Trade and other payablesSingapore dollars thousands 12,898 PDF p. 35
Contract liabilitiesSingapore dollars thousands 208 PDF p. 35
Lease liabilitiesSingapore dollars thousands 892 PDF p. 35
Income tax payableSingapore dollars thousands 1,641 PDF p. 35
Total current liabilitiesSingapore dollars thousands 15,639 PDF p. 35
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 3,801 PDF p. 36
Deferred tax liabilitiesSingapore dollars thousands 1,799 PDF p. 36
Total non-current liabilitiesSingapore dollars thousands 5,600 PDF p. 36
Capital and reserves
Share capitalSingapore dollars thousands 75,945 PDF p. 36
Translation reserveSingapore dollars thousands - PDF p. 36
Accumulated profitsSingapore dollars thousands 1,341 PDF p. 36
Total equitySingapore dollars thousands 77,286 PDF p. 36
Total liabilities and equitySingapore dollars thousands 98,525 PDF p. 36
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group consolidated comprehensive income / original disclosed basis before land restoration restatement

14 metrics

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Group consolidated comprehensive income / original disclosed basis before land restoration restatement from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2022Group / year ended 31 March 2022 / original disclosed basis before land restoration restatement Source
income
RevenueSingapore dollars thousands 85,000 PDF p. 37
Cost of salesSingapore dollars thousands (62,927) PDF p. 37
Gross profitSingapore dollars thousands 22,073 PDF p. 37
Other income Fair value gains on investment propertiesSingapore dollars thousands 2,300 PDF p. 37
Others (net)Singapore dollars thousands 2,009 PDF p. 37
Distribution expensesSingapore dollars thousands (6,138) PDF p. 37
Administrative expensesSingapore dollars thousands (14,279) PDF p. 37
Finance costsSingapore dollars thousands (154) PDF p. 37
Profit before taxSingapore dollars thousands 5,811 PDF p. 37
Income tax (expense) creditSingapore dollars thousands 989 PDF p. 37
Profit for the year attributable to owners of the companySingapore dollars thousands 6,800 PDF p. 37
Item that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operationsSingapore dollars thousands (7) PDF p. 37
Total comprehensive income for the year
Total comprehensive income for the year attributable to owners of the companySingapore dollars thousands 6,793 PDF p. 37
Earnings per share
Basic and dilutedSingapore cents per share 8.95 PDF p. 37
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group changes in equity / 2022 / original disclosed basis before land restoration restatement

6 metrics

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Group changes in equity / 2022 / original disclosed basis before land restoration restatement from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2022Group / Share capital / original disclosed basis before land restoration restatement2022Group / Translation reserves / original disclosed basis before land restoration restatement2022Group / Accumulated profits / original disclosed basis before land restoration restatement2022Group / Equity attributable to owners / original disclosed basis before land restoration restatement Source
Group
Balance at 1 April 2021Singapore dollars thousands 75,945(2)48,794124,737 PDF p. 38
Total comprehensive income for the year
Profit for the yearSingapore dollars thousands --6,8006,800 PDF p. 38
Other comprehensive lossSingapore dollars thousands -(7)-(7) PDF p. 38
TotalSingapore dollars thousands -(7)6,8006,793 PDF p. 38
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands --(1,139)(1,139) PDF p. 38
Balance as at 31 March 2022Singapore dollars thousands 75,945(9)54,455130,391 PDF p. 38
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company changes in equity / 2022 / original disclosed basis before land restoration restatement

4 metrics

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Company changes in equity / 2022 / original disclosed basis before land restoration restatement from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2022Company / Share capital / original disclosed basis before land restoration restatement2022Company / Accumulated profits or losses / original disclosed basis before land restoration restatement2022Company / Total equity / original disclosed basis before land restoration restatement Source
Company
Balance at 1 April 2021Singapore dollars thousands 75,945(3,230)72,715 PDF p. 39
Profit for the year, representing total comprehensive income for the yearSingapore dollars thousands -5,7105,710 PDF p. 39
transactions with owners,
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands -(1,139)(1,139) PDF p. 39
Balance as at 31 March 2022Singapore dollars thousands 75,9451,34177,286 PDF p. 39
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group consolidated cash flows / original disclosed basis before land restoration restatement

32 metrics

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Group consolidated cash flows / original disclosed basis before land restoration restatement from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2022Group / year ended 31 March 2022 / original disclosed basis before land restoration restatement Source
Operating activities
Profit before taxSingapore dollars thousands 5,811 PDF p. 40
Adjustments for:
Write down of inventories to net realisable valueSingapore dollars thousands 20 PDF p. 40
Loss allowance on trade receivablesSingapore dollars thousands - PDF p. 40
Depreciation of property, plant and equipmentSingapore dollars thousands 5,099 PDF p. 40
Fair value gains on investment propertiesSingapore dollars thousands (2,300) PDF p. 40
Fair value loss (gain) on financial assets at FVTPLSingapore dollars thousands (115) PDF p. 40
Impairment loss on property, plant and equipmentSingapore dollars thousands 6,159 PDF p. 40
Gain on disposal of property, plant and equipmentSingapore dollars thousands - PDF p. 40
Dividend incomeSingapore dollars thousands (41) PDF p. 40
Interest expenseSingapore dollars thousands 154 PDF p. 40
Interest incomeSingapore dollars thousands (116) PDF p. 40
Foreign exchange differencesSingapore dollars thousands (60) PDF p. 40
Operating cash flows before movements in working capitalSingapore dollars thousands 14,611 PDF p. 40
Trade and other receivablesSingapore dollars thousands (5,472) PDF p. 40
InventoriesSingapore dollars thousands (5,492) PDF p. 40
Trade and other payablesSingapore dollars thousands 5,621 PDF p. 40
Contract liabilitiesSingapore dollars thousands (542) PDF p. 40
Cash (used in) generated from operationsSingapore dollars thousands 8,726 PDF p. 40
Dividends paidSingapore dollars thousands (1,139) PDF p. 40
Income tax paidSingapore dollars thousands (1,679) PDF p. 40
Interest receivedSingapore dollars thousands 116 PDF p. 40
Dividends receivedSingapore dollars thousands 41 PDF p. 40
Net cash (used in) generated from operating activitiesSingapore dollars thousands 6,065 PDF p. 40
Investing activities
Proceeds on disposal of property, plant and equipmentSingapore dollars thousands - PDF p. 41
Purchase of property, plant and equipmentSingapore dollars thousands (1,850) PDF p. 41
Additions to financial assets at FVTPLSingapore dollars thousands (21) PDF p. 41
Net cash used in investing activitiesSingapore dollars thousands (1,871) PDF p. 41
Financing activity
Repayment of lease liabilities, representing net cash used in financing activitySingapore dollars thousands (990) PDF p. 41
Net (decrease) increase in cash and cash equivalentsSingapore dollars thousands 3,204 PDF p. 41
Cash and cash equivalents at beginning of yearSingapore dollars thousands 41,744 PDF p. 41
Effect of foreign exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands 29 PDF p. 41
Cash and cash equivalents at end of yearSingapore dollars thousands 44,977 PDF p. 41
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group financial position / retained FY2024 original

26 metrics

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Group financial position / retained FY2024 original from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / original FY2024 before restatement Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 21,442 PDF p. 34
Trade and other receivablesSingapore dollars thousands 14,392 PDF p. 34
Due from subsidiariesSingapore dollars thousands - PDF p. 34
InventoriesSingapore dollars thousands 7,427 PDF p. 34
Total current assetsSingapore dollars thousands 43,261 PDF p. 34
Non-current assets
Property, plant and equipmentSingapore dollars thousands 26,745 PDF p. 34
Investment propertiesSingapore dollars thousands 74,300 PDF p. 34
SubsidiariesSingapore dollars thousands - PDF p. 34
Trade and other receivablesSingapore dollars thousands 1,946 PDF p. 34
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 953 PDF p. 34
Total non-current assetsSingapore dollars thousands 103,944 PDF p. 34
Total assetsSingapore dollars thousands 147,205 PDF p. 34
Current liabilities
Trade and other payablesSingapore dollars thousands 6,099 PDF p. 34
Contract liabilitiesSingapore dollars thousands - PDF p. 34
Lease liabilitiesSingapore dollars thousands 1,025 PDF p. 34
Provision for onerous contractsSingapore dollars thousands 318 PDF p. 34
Income tax payableSingapore dollars thousands 299 PDF p. 34
Total current liabilitiesSingapore dollars thousands 7,741 PDF p. 34
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 1,574 PDF p. 35
Deferred tax liabilitiesSingapore dollars thousands 2,305 PDF p. 35
Total non-current liabilitiesSingapore dollars thousands 3,879 PDF p. 35
Capital and reserves
Share capitalSingapore dollars thousands 75,945 PDF p. 35
Translation reserveSingapore dollars thousands 129 PDF p. 35
Accumulated profitsSingapore dollars thousands 59,511 PDF p. 35
Total equitySingapore dollars thousands 135,585 PDF p. 35
Total liabilities and equitySingapore dollars thousands 147,205 PDF p. 35
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company financial position / retained FY2024 original

26 metrics

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Company financial position / retained FY2024 original from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Company / original FY2024 before restatement Source
Current assets
Cash and cash equivalentsSingapore dollars thousands 12,714 PDF p. 34
Trade and other receivablesSingapore dollars thousands 13,989 PDF p. 34
Due from subsidiariesSingapore dollars thousands 16,867 PDF p. 34
InventoriesSingapore dollars thousands 7,364 PDF p. 34
Total current assetsSingapore dollars thousands 50,934 PDF p. 34
Non-current assets
Property, plant and equipmentSingapore dollars thousands 26,296 PDF p. 34
Investment propertiesSingapore dollars thousands - PDF p. 34
SubsidiariesSingapore dollars thousands 6,303 PDF p. 34
Trade and other receivablesSingapore dollars thousands 1,946 PDF p. 34
Financial assets at fair value through profit or loss (“FVTPL”)Singapore dollars thousands 953 PDF p. 34
Total non-current assetsSingapore dollars thousands 35,498 PDF p. 34
Total assetsSingapore dollars thousands 86,432 PDF p. 34
Current liabilities
Trade and other payablesSingapore dollars thousands 5,202 PDF p. 34
Contract liabilitiesSingapore dollars thousands - PDF p. 34
Lease liabilitiesSingapore dollars thousands 1,025 PDF p. 34
Provision for onerous contractsSingapore dollars thousands 318 PDF p. 34
Income tax payableSingapore dollars thousands 46 PDF p. 34
Total current liabilitiesSingapore dollars thousands 6,591 PDF p. 34
Non-current liabilities
Lease liabilitiesSingapore dollars thousands 1,574 PDF p. 35
Deferred tax liabilitiesSingapore dollars thousands 2,241 PDF p. 35
Total non-current liabilitiesSingapore dollars thousands 3,815 PDF p. 35
Capital and reserves
Share capitalSingapore dollars thousands 75,945 PDF p. 35
Translation reserveSingapore dollars thousands - PDF p. 35
Accumulated profitsSingapore dollars thousands 81 PDF p. 35
Total equitySingapore dollars thousands 76,026 PDF p. 35
Total liabilities and equitySingapore dollars thousands 86,432 PDF p. 35
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group comprehensive income / retained FY2024 original

14 metrics

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Group comprehensive income / retained FY2024 original from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / original FY2024 before restatement Source
income
RevenueSingapore dollars thousands 72,583 PDF p. 36
Cost of salesSingapore dollars thousands (66,870) PDF p. 36
Gross profitSingapore dollars thousands 5,713 PDF p. 36
Other income Fair value gains on investment propertiesSingapore dollars thousands 9,800 PDF p. 36
Others (net)Singapore dollars thousands 1,593 PDF p. 36
Distribution expensesSingapore dollars thousands (5,742) PDF p. 36
Administrative expensesSingapore dollars thousands (5,611) PDF p. 36
Finance costsSingapore dollars thousands (88) PDF p. 36
Profit before taxSingapore dollars thousands 5,665 PDF p. 36
Income tax expenseSingapore dollars thousands (518) PDF p. 36
Profit for the year attributable to owners of the companySingapore dollars thousands 5,147 PDF p. 36
Item that may be reclassified subsequently to profit or loss
Exchange differences on translation of foreign operationsSingapore dollars thousands 109 PDF p. 36
Total comprehensive income for the year attributable to owners of the companySingapore dollars thousands 5,256 PDF p. 36
Earnings per share
Basic and dilutedSingapore cents per share 6.78 PDF p. 36
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group changes in equity / retained FY2024 original

6 metrics

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Group changes in equity / retained FY2024 original from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / Share capital / original before restatement2024Group / Translation reserves / original before restatement2024Group / Accumulated profits / original before restatement2024Group / Total equity / original before restatement Source
Total comprehensive income for the year
Balance as at 31 March 2023Singapore dollars thousands 75,9452055,503131,468 PDF p. 37
Profit for the yearSingapore dollars thousands --5,1475,147 PDF p. 37
Other comprehensive incomeSingapore dollars thousands -109-109 PDF p. 37
TotalSingapore dollars thousands -1095,1475,256 PDF p. 37
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands --(1,139)(1,139) PDF p. 37
Balance as at 31 March 2024Singapore dollars thousands 75,94512959,511135,585 PDF p. 37
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Company changes in equity / retained FY2024 original

4 metrics

Units appear below each metric. Scroll to compare years

Company changes in equity / retained FY2024 original from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Company / Share capital / original before restatement2024Company / Accumulated profits or losses / original before restatement2024Company / Total equity / original before restatement Source
transactions with owners,
Balance as at 31 March 2023Singapore dollars thousands 75,9458076,025 PDF p. 38
Profit for the year, representing total comprehensive income for the yearSingapore dollars thousands -1,1401,140 PDF p. 38
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands -(1,139)(1,139) PDF p. 38
Balance as at 31 March 2024Singapore dollars thousands 75,9458176,026 PDF p. 38
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group cash flows / retained FY2024 original

32 metrics

Units appear below each metric. Scroll to compare years

Group cash flows / retained FY2024 original from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2024Group / original FY2024 before restatement Source
Operating activities
Profit before taxSingapore dollars thousands 5,665 PDF p. 39
Adjustments for:
Write down of inventories to net realisable valueSingapore dollars thousands 300 PDF p. 39
Provision for onerous contractsSingapore dollars thousands 318 PDF p. 39
(Reversal of) Loss allowance on trade receivablesSingapore dollars thousands (197) PDF p. 39
Depreciation of property, plant and equipmentSingapore dollars thousands 5,973 PDF p. 39
Fair value gains on investment propertiesSingapore dollars thousands (9,800) PDF p. 39
Write off of property, plant and equipmentSingapore dollars thousands 34 PDF p. 39
Fair value loss on financial assets at FVTPLSingapore dollars thousands 1 PDF p. 39
Loss (Gain) on disposal of property, plant and equipmentSingapore dollars thousands 19 PDF p. 39
Dividend incomeSingapore dollars thousands (51) PDF p. 39
Interest expenseSingapore dollars thousands 88 PDF p. 39
Interest incomeSingapore dollars thousands (562) PDF p. 39
Foreign exchange differencesSingapore dollars thousands 19 PDF p. 39
Operating cash flows before movements in working capitalSingapore dollars thousands 1,807 PDF p. 39
Trade and other receivablesSingapore dollars thousands 5,349 PDF p. 39
InventoriesSingapore dollars thousands 774 PDF p. 39
Trade and other payablesSingapore dollars thousands (1,436) PDF p. 39
Contract liabilitiesSingapore dollars thousands (912) PDF p. 39
Cash generated from (used in) operationsSingapore dollars thousands 5,582 PDF p. 39
Dividends paidSingapore dollars thousands (1,139) PDF p. 39
Income tax paidSingapore dollars thousands (247) PDF p. 39
Interest receivedSingapore dollars thousands 562 PDF p. 39
Dividends receivedSingapore dollars thousands 51 PDF p. 39
Net cash generated from (used in) operating activitiesSingapore dollars thousands 4,809 PDF p. 39
Investing activities
Proceeds on disposal of property, plant and equipmentSingapore dollars thousands 23 PDF p. 40
Purchase of property, plant and equipmentSingapore dollars thousands (11,861) PDF p. 40
Net cash used in investing activitiesSingapore dollars thousands (11,838) PDF p. 40
Financing activity
Repayment of lease liabilities, representing net cash used in financing activitySingapore dollars thousands (1,080) PDF p. 40
Net decrease in cash and cash equivalentsSingapore dollars thousands (8,109) PDF p. 40
Cash and cash equivalents at beginning of yearSingapore dollars thousands 29,442 PDF p. 40
Effect of foreign exchange rate changesSingapore dollars thousands 109 PDF p. 40
Cash and cash equivalents at end of yearSingapore dollars thousands 21,442 PDF p. 40
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group cash flows / retained FY2022 original

31 metrics

Units appear below each metric. Scroll to compare years

Group cash flows / retained FY2022 original from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2022Group / original FY2022 before FX and inventory presentation changes Source
Operating activities
Profit before taxSingapore dollars thousands 5,811 PDF p. 45
Adjustments for:
Reversal of loss allowance on trade receivablesSingapore dollars thousands - PDF p. 45
Depreciation of property, plant and equipmentSingapore dollars thousands 5,099 PDF p. 45
Fair value gains on investment propertiesSingapore dollars thousands (2,300) PDF p. 45
Fair value gains on financial assets at FVTPLSingapore dollars thousands (115) PDF p. 45
Impairment loss on property, plant and equipmentSingapore dollars thousands 6,159 PDF p. 45
Foreign exchange differencesSingapore dollars thousands (31) PDF p. 45
Dividend incomeSingapore dollars thousands (41) PDF p. 45
Loss on disposal of property, plant and equipmentSingapore dollars thousands - PDF p. 45
Interest expenseSingapore dollars thousands 154 PDF p. 45
Interest incomeSingapore dollars thousands (116) PDF p. 45
Operating cash flows before movements in working capitalSingapore dollars thousands 14,620 PDF p. 45
Trade and other receivablesSingapore dollars thousands (5,472) PDF p. 45
InventoriesSingapore dollars thousands (5,472) PDF p. 45
Trade and other payablesSingapore dollars thousands 5,621 PDF p. 45
Contract liabilitiesSingapore dollars thousands (542) PDF p. 45
Cash generated from operationsSingapore dollars thousands 8,755 PDF p. 45
Dividends paidSingapore dollars thousands (1,139) PDF p. 45
Income tax paidSingapore dollars thousands (1,679) PDF p. 45
Interest paidSingapore dollars thousands - PDF p. 45
Interest receivedSingapore dollars thousands 116 PDF p. 45
Dividends receivedSingapore dollars thousands 41 PDF p. 45
Net cash from operating activitiesSingapore dollars thousands 6,094 PDF p. 45
Investing activities
Proceeds on disposal of property, plant and equipmentSingapore dollars thousands - PDF p. 46
Purchase of property, plant and equipmentSingapore dollars thousands (1,850) PDF p. 46
Additions to financial assets at FVTPLSingapore dollars thousands (21) PDF p. 46
Net cash used in investing activitiesSingapore dollars thousands (1,871) PDF p. 46
Financing activity
Repayment of lease liabilities, representing net cash used in financing activitySingapore dollars thousands (990) PDF p. 46
Net increase in cash and cash equivalentsSingapore dollars thousands 3,233 PDF p. 46
Cash and cash equivalents at beginning of yearSingapore dollars thousands 41,744 PDF p. 46
Cash and cash equivalents at end of yearSingapore dollars thousands 44,977 PDF p. 46
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Group equity / retained FY2022 original with printed capital subtotal anomaly

6 metrics

Units appear below each metric. Scroll to compare years

Group equity / retained FY2022 original with printed capital subtotal anomaly from REPORT AND FINANCIAL STATEMENTS
Metric / unit 2022Group / Share capital / original FY20222022Group / Translation reserves / original FY20222022Group / Accumulated profits / original FY20222022Group / Total equity / original FY2022 Source
Total comprehensive income for the year
Balance as at 31 March 2021Singapore dollars thousands 75,945(2)48,794124,737 PDF p. 43
Profit for the yearSingapore dollars thousands --6,8006,800 PDF p. 43
Other comprehensive lossSingapore dollars thousands -(7)-(7) PDF p. 43
TotalSingapore dollars thousands 75,945(7)6,8006,793 PDF p. 43
Dividends paid, representing transactions with owners, recognised directly in equitySingapore dollars thousands --(1,139)(1,139) PDF p. 43
Balance as at 31 March 2022Singapore dollars thousands 75,945(9)54,455130,391 PDF p. 43
Definitions & sources

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

Where the money comes from

Segment information

By business

Segment revenue and results 4 lines
Segment revenue and results
Item / unit 2026Revenue, $'0002025Revenue, $'0002026Loss, $'0002025Loss, $'000 Source
Segment revenue and results
Industrial Chemicals$'000 59,00363,493(2,215)(23,044) PDF p. 72
Properties$'000 1,6311,8811,152595 PDF p. 72
Total$'000 60,63465,374(1,063)(22,449) PDF p. 72
Consolidated revenue and loss for the year$'000 60,63465,374(919)(21,457) PDF p. 72
Notes

Revenue reported above represents revenue generated from external customers. There were no intersegment sales.

Segment profit represents profit earned by each segment without allocation of interest income, dividend income, finance costs and income tax.

Segment assets 5 lines
Segment assets — Segment assets
Item / unit 2026$'0002025$'000 Source
Segment assets
Industrial Chemicals$'000 46,97755,516 PDF p. 72
Properties$'000 82,78181,391 PDF p. 72
Total segment assets$'000 129,758136,907 PDF p. 72
Unallocated assets$'000 1,3561,219 PDF p. 72
Consolidated assets$'000 131,114138,126 PDF p. 72
Notes

All assets are allocated to reportable segments other than financial assets at FVTPL (Note 13).

Other segment information 3 lines
Other segment information
Item / unit 2026Industrial Chemicals, $'0002025Industrial Chemicals, $'0002026Properties, $'0002025Properties, $'000 Source
Other segment information
Capital expenditure$'000 2,0459,7537- PDF p. 73
Depreciation$'000 4,3016,6862324 PDF p. 73
Impairment of plant and equipment$'000 -10,100-- PDF p. 73

By geography

Geographical information 3 lines
Geographical information
Item / unit 2026Revenue, $'0002025Revenue, $'0002026Non-current assets, $'0002025Non-current assets, $'000 Source
Geographical information
Singapore$'000 57,97963,96894,89695,859 PDF p. 73
Myanmar$'000 2,6551,406-- PDF p. 73
Total$'000 60,63465,37494,89695,859 PDF p. 73
Notes

The Group operates in two principal geographical areas - Singapore and Myanmar.

Debt

Borrowings

Lease liabilities maturity analysis

Lease liabilities maturity analysis
Item / unit 2026Group and Company2025Group and Company Source
Maturity analysis
Within one year$'000 1,271961 PDF p. 66
In the second to fifth years inclusive$'000 1,089698 PDF p. 66
Less: Unearned interest$'000 (65)(44) PDF p. 66
Analysed as
Current$'000 1,228930 PDF p. 66
Non-current$'000 1,067685 PDF p. 66
Notes

Total undiscounted 2,360 (2025: 1,659); total lease liabilities 2,295 (2025: 1,615). The Group does not face a significant liquidity risk with regard to its lease liabilities.

Borrowing notes 2 tables

Bills payable

Bills payable
Item / unit 2026Group2025Group2026Company2025Company Source
Bills payable
Bills payable to banks$'000 -4,164-4,164 PDF p. 66
Notes

Bills payable bore interest at 5.78% per annum with repayment over 120 days.

Statement of financial position: debt-related lines

Statement of financial position: debt-related lines
Item / unit 2026Group2025Group2026Company2025Company Source
Current liabilities
Bills payable$'000 -4,164-4,164 PDF p. 35
Lease liabilities$'000 1,2289301,228930 PDF p. 35
Non-current liabilities
Lease liabilities$'000 1,0676851,067685 PDF p. 36
Notes

No bank loans or other borrowings are shown on the statement of financial position.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend Policy The Company has not formalised a dividend policy, however, it has consistently been paying dividends since FY2006. The Board takes into consideration the Group’s operating performance, cash position and planned capital expenditures in its recommendation for dividends. Company PDF p. 22

Dividends declared and proposed

ItemValuePeriod / scopeSource
Final dividend FY2026 0.5 cents per share FY2026 proposed final dividend, one-tier tax exempt, subject to shareholder approval at AGM on 29th July 2026 PDF p. 71
Final dividend FY2025 (paid in FY2026) 0.5 cents per share Final dividend in respect of FY2025, paid during FY2026, one-tier tax exempt PDF p. 71
Final dividend FY2024 (paid in FY2025) 1.5 cents per share Comparative: final dividend in respect of FY2024, paid during FY2025, one-tier tax exempt PDF p. 71
Record Date 6th August 2026 FY2026 final dividend PDF p. 82
Final Dividend payment date 17th August 2026 FY2026 final dividend PDF p. 82
Dividend (net) 0.5 cts Group, FY2026 (per share, five-year financial profile) PDF p. 75

Extracted from REPORT AND FINANCIAL STATEMENTS and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Audit firm Deloitte & Touche LLP Group PDF p. 34
Engagement partner Khor Tee Heng Group PDF p. 34
Opinion In our opinion, the accompanying consolidated financial statements of the Group and the statement of financial position and statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the Companies Act 1967 Group and Company PDF p. 31

Key audit matters

ItemValuePeriod / scopeSource
Valuation of investment properties The valuation process involves significant judgement and estimation. Group PDF p. 31
Provision for onerous contracts The Group assessed certain contracts with customers to be onerous, based on the contracted selling prices and the estimation of costs to fulfil or exit the contract. Group PDF p. 32

Extracted from REPORT AND FINANCIAL STATEMENTS 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 REPORT AND FINANCIAL STATEMENTS, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Five full primary-statement years ended 31 March 2022–2026. Monetary amounts are Singapore dollars thousands; EPS and the per-share summary are Singapore cents. Group and Company have separate balance sheets and changes in equity; separate Company income and cash-flow primary statements are not disclosed.

FY2025 Note 30 corrects a prior-period error for land restoration obligations at 3 Jalan Samulun and 91 Sakra Avenue. Full FY2024 comparatives and 1 April 2023 balance sheets are restated. All six FY2024 original primary tables are retained. The FY2023 and FY2022 full income, equity and cash-flow statements remain on their original disclosed basis; only the latest five-year summary discloses their restated performance. No undisclosed full restated statement is reconstructed.

The five-year summary gives FY2023 pretax/profit 3,753/3,217 and FY2022 5,503/6,470, versus original full statements 4,066/3,554 and 5,811/6,800. The FY2023 restated 1 April 2023 balance sheet is dated explicitly; original-basis FY2023 equity does not tie to this later restated balance sheet. These bases must not be mixed.

FY2022 cash flows were re-presented in the FY2023 comparative: inventory write-down 20 is separately added, working-capital inventories change by (20), foreign-exchange adjustment changes by (29), operating cash becomes 6,065 instead of 6,094, net cash 3,204 instead of 3,233, and a separate FX rollforward 29 is added. Closing cash remains 44,977. Original FY2022 cash flows are retained.

The original FY2022 Group equity current-year comprehensive Total prints share capital 75,945 alongside reserves (7), profit 6,800 and total 6,793. This printed capital cell does not sum or roll forward; the FY2023 comparative prints a dash. The original FY2022 equity table is retained without correcting the printed amount.

FY2025 also separates FY2024 net other income: original fair-value gain 9,800 plus Others (net) 1,593 becomes Other income 12,440 and Other expenses (1,365); the 1,047 foreign-exchange/disposal/FVTPL losses are separated from income and the 318 onerous provision is moved from administration. These classification changes are separate from the 317 pretax land-restoration correction. Original Note 22 and comparative Note 22 reconcile the components.

FY2025 cash-flow physical page 42 labels the financing subtotal as Net cash from (used in) investing activities, with values 3,075/(1,080). Its placement beneath Financing activities and the next annual comparative identify the subtotal; the original caption is retained.

The FY2026 five-year summary FY2022 total assets 153,292 differs by 1 from total liabilities 29,577 plus total equity 123,714. The printed FY2022 liability components sum to 29,578, also 1 above the printed total 29,577. Original figures are retained. Summary non-current liabilities excludes the separately displayed deferred tax liability; combine both only when comparing with primary-statement non-current liabilities.

FY2026 dividends paid (379) are printed within operating cash flows. Summary Dividend (net) relates to the declared/proposed dividend for that financial year, not necessarily the cash paid during that year. Source classifications are retained.

EPS source denominators are 75,945,399 shares in FY2026 and 75,945,000 shares in earlier reports; each source basis is retained. The 29 July 2026 AGM minutes print prior-year 2025 record/payment dates; the original dividend notice specifies record 6 August 2026 and payment 17 August 2026 for the FY2026 0.5-cent dividend.

Company FY2025 Note 31 states a 38,000 advance was settled by new subsidiary shares after that year end; FY2026 subsidiary investment cost rises by 38,000 while advances fall to nil. This internal capitalisation is not an external Group acquisition or an invented cash outflow.

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