CSC C06
Financials
ANNUAL REPORT 2026
Explore the statements
64 tablesGroup profit or loss
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Group profit or loss | |||
| RevenueSingapore dollars thousands | 400,397 | 337,811 | PDF p. 80 |
| Cost of salesSingapore dollars thousands | (361,847) | (302,433) | PDF p. 80 |
| Gross profitSingapore dollars thousands | 38,550 | 35,378 | PDF p. 80 |
| Other incomeSingapore dollars thousands | 1,192 | 2,299 | PDF p. 80 |
| Distribution expensesSingapore dollars thousands | (862) | (806) | PDF p. 80 |
| Administrative expensesSingapore dollars thousands | (29,871) | (27,694) | PDF p. 80 |
| Other operating expensesSingapore dollars thousands | (409) | (846) | PDF p. 80 |
| Impairment loss (recognised)/reversed on trade and other receivables and contract assetsSingapore dollars thousands | (242) | 63 | PDF p. 80 |
| Results from operating activitiesSingapore dollars thousands | 8,358 | 8,394 | PDF p. 80 |
| Finance incomeSingapore dollars thousands | 156 | 438 | PDF p. 80 |
| Finance expensesSingapore dollars thousands | (6,181) | (7,040) | PDF p. 80 |
| Net finance expensesSingapore dollars thousands | (6,025) | (6,602) | PDF p. 80 |
| Share of profit of associates (net of tax)Singapore dollars thousands | 935 | 855 | PDF p. 80 |
| Profit before taxSingapore dollars thousands | 3,268 | 2,647 | PDF p. 80 |
| Tax expenseSingapore dollars thousands | (410) | (103) | PDF p. 80 |
| Profit for the yearSingapore dollars thousands | 2,858 | 2,544 | PDF p. 80 |
| Profit attributable to: | |||
| Owners of the CompanySingapore dollars thousands | 2,691 | 1,883 | PDF p. 80 |
| Non-controlling interestsSingapore dollars thousands | 167 | 661 | PDF p. 80 |
| Profit for the yearSingapore dollars thousands | 2,858 | 2,544 | PDF p. 80 |
| Earnings per share | |||
| Basic earnings per share (cents)Singapore cents per share | 0.08 | 0.05 | PDF p. 80 |
| Diluted earnings per share (cents)Singapore cents per share | 0.08 | 0.05 | PDF p. 80 |
Definitions & sources
Original report: PDF p. 80 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group comprehensive income
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Group comprehensive income | |||
| Profit for the yearSingapore dollars thousands | 2,858 | 2,544 | PDF p. 81 |
| Item that will not be reclassified to profit or loss: | |||
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | 1,514 | 316 | PDF p. 81 |
| Item that is or may be reclassified subsequently to profit or loss: | |||
| Foreign currency translation differences – foreign operationsSingapore dollars thousands | (878) | (613) | PDF p. 81 |
| Other comprehensive income/(expense) for the year, net of taxSingapore dollars thousands | 636 | (297) | PDF p. 81 |
| Total comprehensive income for the yearSingapore dollars thousands | 3,494 | 2,247 | PDF p. 81 |
| Total comprehensive income attributable to: | |||
| Owners of the CompanySingapore dollars thousands | 3,117 | 1,190 | PDF p. 81 |
| Non-controlling interestsSingapore dollars thousands | 377 | 1,057 | PDF p. 81 |
| Total comprehensive income for the yearSingapore dollars thousands | 3,494 | 2,247 | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group cash flows
57 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit for the yearSingapore dollars thousands | 2,858 | 2,544 | PDF p. 84 |
| Adjustments for: | |||
| Bad debts recoveredSingapore dollars thousands | (200) | (35) | PDF p. 84 |
| Depreciation of: – property, plant and equipmentSingapore dollars thousands | 17,630 | 16,955 | PDF p. 84 |
| – right-of-use assetsSingapore dollars thousands | 5,421 | 5,209 | PDF p. 84 |
| Gain on disposal of: – property, plant and equipmentSingapore dollars thousands | (404) | (1,423) | PDF p. 84 |
| – assets held for saleSingapore dollars thousands | (25) | (369) | PDF p. 84 |
| Gain on termination of lease liabilitiesSingapore dollars thousands | (21) | – | PDF p. 84 |
| Impairment losses recognised/(reversed) on: – property, plant and equipmentSingapore dollars thousands | 97 | 2 | PDF p. 84 |
| – trade and other receivables and contract assetsSingapore dollars thousands | 242 | (63) | PDF p. 84 |
| – assets held for saleSingapore dollars thousands | 294 | 704 | PDF p. 84 |
| Inventories written downSingapore dollars thousands | 132 | 51 | PDF p. 84 |
| Inventories written offSingapore dollars thousands | 32 | – | PDF p. 84 |
| Net finance expensesSingapore dollars thousands | 6,025 | 6,602 | PDF p. 84 |
| Property, plant and equipment written offSingapore dollars thousands | 100 | 61 | PDF p. 84 |
| Provision for rectification costsSingapore dollars thousands | 2,716 | 2,331 | PDF p. 84 |
| Share of profit of associates (net of tax)Singapore dollars thousands | (935) | (855) | PDF p. 84 |
| Tax expenseSingapore dollars thousands | 410 | 103 | PDF p. 84 |
| SubtotalSingapore dollars thousands | 34,372 | 31,817 | PDF p. 84 |
| Changes in: | |||
| – InventoriesSingapore dollars thousands | 11,820 | 3,729 | PDF p. 84 |
| – Contract assetsSingapore dollars thousands | (1,731) | (13,156) | PDF p. 84 |
| – Trade and other receivablesSingapore dollars thousands | 4,747 | (6,559) | PDF p. 84 |
| – Contract liabilitiesSingapore dollars thousands | 682 | 3,263 | PDF p. 84 |
| – Trade and other payablesSingapore dollars thousands | (3,337) | (3,912) | PDF p. 84 |
| – Provision utilised for onerous contractsSingapore dollars thousands | – | (126) | PDF p. 84 |
| – Provision utilised for rectification costsSingapore dollars thousands | (2,232) | (3,275) | PDF p. 84 |
| Cash generated from operationsSingapore dollars thousands | 44,321 | 11,781 | PDF p. 84 |
| Taxes paidSingapore dollars thousands | (506) | (39) | PDF p. 84 |
| Interest receivedSingapore dollars thousands | 93 | 296 | PDF p. 84 |
| Net cash from operating activitiesSingapore dollars thousands | 43,908 | 12,038 | PDF p. 84 |
| Cash flows from investing activities | |||
| Acquisition of: – property, plant and equipmentSingapore dollars thousands | (14,113) | (9,175) | PDF p. 84 |
| – investment propertySingapore dollars thousands | (122) | (26) | PDF p. 84 |
| Proceeds from disposal of: – property, plant and equipmentSingapore dollars thousands | 1,992 | 3,543 | PDF p. 84 |
| – investment propertySingapore dollars thousands | 137 | – | PDF p. 84 |
| – assets held for saleSingapore dollars thousands | 1,476 | 2,130 | PDF p. 84 |
| Capital injection in joint venturesSingapore dollars thousands | (310) | – | PDF p. 84 |
| Loan to an associateSingapore dollars thousands | – | (166) | PDF p. 84 |
| Net cash used in investing activitiesSingapore dollars thousands | (10,940) | (3,694) | PDF p. 84 |
| Cash flows from financing activities | |||
| Interest paidSingapore dollars thousands | (6,165) | (6,938) | PDF p. 85 |
| Dividends paid to: – owners of the CompanySingapore dollars thousands | (1,221) | – | PDF p. 85 |
| – non-controlling interests of a subsidiarySingapore dollars thousands | (405) | (165) | PDF p. 85 |
| Proceeds from: – bank loansSingapore dollars thousands | 4,789 | 8,131 | PDF p. 85 |
| – refinancing of lease liabilitiesSingapore dollars thousands | 9,476 | 1,648 | PDF p. 85 |
| – bills payableSingapore dollars thousands | 316,766 | 273,125 | PDF p. 85 |
| – capital contribution from non-controlling interests of a subsidiarySingapore dollars thousands | – | 126 | PDF p. 85 |
| – issuance of commercial papersSingapore dollars thousands | 47,850 | 41,320 | PDF p. 85 |
| Purchase of treasury sharesSingapore dollars thousands | (240) | (152) | PDF p. 85 |
| Repayment of: – bank loansSingapore dollars thousands | (8,680) | (19,819) | PDF p. 85 |
| – bills payableSingapore dollars thousands | (334,322) | (255,892) | PDF p. 85 |
| – commercial papersSingapore dollars thousands | (43,070) | (34,500) | PDF p. 85 |
| – lease liabilitiesSingapore dollars thousands | (14,678) | (16,179) | PDF p. 85 |
| Changes in non-trade amount owing to a related corporationSingapore dollars thousands | – | 1,530 | PDF p. 85 |
| Changes in fixed deposits pledgedSingapore dollars thousands | 300 | (150) | PDF p. 85 |
| Net cash used in financing activitiesSingapore dollars thousands | (29,600) | (7,915) | PDF p. 85 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 3,368 | 429 | PDF p. 85 |
| Cash and cash equivalents at 1 AprilSingapore dollars thousands | 16,306 | 16,051 | PDF p. 85 |
| Effect of exchange rate fluctuations on cash heldSingapore dollars thousands | (439) | (174) | PDF p. 85 |
| Cash and cash equivalents at 31 MarchSingapore dollars thousands | 19,235 | 16,306 | PDF p. 85 |
Definitions & sources
Original report: PDF p. 84 ↗ PDF p. 85 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group financial position
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars thousands | 117,829 | 115,818 | PDF p. 79 |
| Right-of-use assetsSingapore dollars thousands | 33,518 | 34,368 | PDF p. 79 |
| GoodwillSingapore dollars thousands | 552 | 552 | PDF p. 79 |
| Investment propertySingapore dollars thousands | 125 | 198 | PDF p. 79 |
| Investments in: | |||
| – subsidiariesSingapore dollars thousands | – | – | PDF p. 79 |
| – associatesSingapore dollars thousands | 9,256 | 8,249 | PDF p. 79 |
| – joint venturesSingapore dollars thousands | 464 | – | PDF p. 79 |
| Other investmentsSingapore dollars thousands | – | – | PDF p. 79 |
| Trade and other receivablesSingapore dollars thousands | 8,182 | 13,190 | PDF p. 79 |
| Deferred tax assetsSingapore dollars thousands | 102 | 101 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 170,028 | 172,476 | PDF p. 79 |
| Current assets | |||
| InventoriesSingapore dollars thousands | 23,313 | 24,015 | PDF p. 79 |
| Contract assetsSingapore dollars thousands | 80,559 | 78,305 | PDF p. 79 |
| Trade and other receivablesSingapore dollars thousands | 95,138 | 98,639 | PDF p. 79 |
| Tax recoverableSingapore dollars thousands | 116 | 300 | PDF p. 79 |
| Cash and cash equivalentsSingapore dollars thousands | 22,037 | 19,050 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 221,163 | 220,309 | PDF p. 79 |
| Assets held for saleSingapore dollars thousands | 3,024 | 3,518 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 224,187 | 223,827 | PDF p. 79 |
| Total assetsSingapore dollars thousands | 394,215 | 396,303 | PDF p. 79 |
| Equity attributable to owners of the Company | |||
| Share capitalSingapore dollars thousands | 94,089 | 94,089 | PDF p. 79 |
| ReservesSingapore dollars thousands | (11,168) | (12,824) | PDF p. 79 |
| SubtotalSingapore dollars thousands | 82,921 | 81,265 | PDF p. 79 |
| Non-controlling interestsSingapore dollars thousands | 26,069 | 26,097 | PDF p. 79 |
| Total equitySingapore dollars thousands | 108,990 | 107,362 | PDF p. 79 |
| Non-current liabilities | |||
| Loans and borrowingsSingapore dollars thousands | 44,850 | 44,092 | PDF p. 79 |
| Trade and other payablesSingapore dollars thousands | 8,774 | 17,705 | PDF p. 79 |
| ProvisionsSingapore dollars thousands | 60 | 60 | PDF p. 79 |
| Deferred tax liabilitiesSingapore dollars thousands | 563 | 1,038 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 54,247 | 62,895 | PDF p. 79 |
| Current liabilities | |||
| Loans and borrowingsSingapore dollars thousands | 87,113 | 95,079 | PDF p. 79 |
| Contract liabilitiesSingapore dollars thousands | 4,135 | 3,453 | PDF p. 79 |
| Trade and other payablesSingapore dollars thousands | 132,785 | 121,236 | PDF p. 79 |
| ProvisionsSingapore dollars thousands | 6,414 | 5,929 | PDF p. 79 |
| Current tax payableSingapore dollars thousands | 531 | 349 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 230,978 | 226,046 | PDF p. 79 |
| Total liabilitiesSingapore dollars thousands | 285,225 | 288,941 | PDF p. 79 |
| Total equity and liabilitiesSingapore dollars thousands | 394,215 | 396,303 | PDF p. 79 |
Definitions & sources
Original report: PDF p. 79 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Company financial position
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Company / year ended 31 March 2026 | 2025Company / year ended 31 March 2025 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars thousands | – | – | PDF p. 79 |
| Right-of-use assetsSingapore dollars thousands | 29,426 | 31,810 | PDF p. 79 |
| GoodwillSingapore dollars thousands | – | – | PDF p. 79 |
| Investment propertySingapore dollars thousands | – | – | PDF p. 79 |
| Investments in: | |||
| – subsidiariesSingapore dollars thousands | 102,404 | 101,404 | PDF p. 79 |
| – associatesSingapore dollars thousands | – | – | PDF p. 79 |
| – joint venturesSingapore dollars thousands | – | – | PDF p. 79 |
| Other investmentsSingapore dollars thousands | – | – | PDF p. 79 |
| Trade and other receivablesSingapore dollars thousands | 17,699 | 14,976 | PDF p. 79 |
| Deferred tax assetsSingapore dollars thousands | 615 | 602 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 150,144 | 148,792 | PDF p. 79 |
| Current assets | |||
| InventoriesSingapore dollars thousands | – | – | PDF p. 79 |
| Contract assetsSingapore dollars thousands | – | – | PDF p. 79 |
| Trade and other receivablesSingapore dollars thousands | 24,698 | 25,255 | PDF p. 79 |
| Tax recoverableSingapore dollars thousands | – | – | PDF p. 79 |
| Cash and cash equivalentsSingapore dollars thousands | 2,532 | 2,012 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 27,230 | 27,267 | PDF p. 79 |
| Assets held for saleSingapore dollars thousands | – | – | PDF p. 79 |
| SubtotalSingapore dollars thousands | 27,230 | 27,267 | PDF p. 79 |
| Total assetsSingapore dollars thousands | 177,374 | 176,059 | PDF p. 79 |
| Equity attributable to owners of the Company | |||
| Share capitalSingapore dollars thousands | 94,089 | 94,089 | PDF p. 79 |
| ReservesSingapore dollars thousands | 17,379 | 16,395 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 111,468 | 110,484 | PDF p. 79 |
| Non-controlling interestsSingapore dollars thousands | – | – | PDF p. 79 |
| Total equitySingapore dollars thousands | 111,468 | 110,484 | PDF p. 79 |
| Non-current liabilities | |||
| Loans and borrowingsSingapore dollars thousands | 30,925 | 32,929 | PDF p. 79 |
| Trade and other payablesSingapore dollars thousands | – | – | PDF p. 79 |
| ProvisionsSingapore dollars thousands | 60 | 60 | PDF p. 79 |
| Deferred tax liabilitiesSingapore dollars thousands | – | – | PDF p. 79 |
| SubtotalSingapore dollars thousands | 30,985 | 32,989 | PDF p. 79 |
| Current liabilities | |||
| Loans and borrowingsSingapore dollars thousands | 21,974 | 16,709 | PDF p. 79 |
| Contract liabilitiesSingapore dollars thousands | – | – | PDF p. 79 |
| Trade and other payablesSingapore dollars thousands | 12,947 | 15,877 | PDF p. 79 |
| ProvisionsSingapore dollars thousands | – | – | PDF p. 79 |
| Current tax payableSingapore dollars thousands | – | – | PDF p. 79 |
| SubtotalSingapore dollars thousands | 34,921 | 32,586 | PDF p. 79 |
| Total liabilitiesSingapore dollars thousands | 65,906 | 65,575 | PDF p. 79 |
| Total equity and liabilitiesSingapore dollars thousands | 177,374 | 176,059 | PDF p. 79 |
Definitions & sources
Original report: PDF p. 79 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2026 / components 1–3
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 / Share capital | 2026Group / year ended 31 March 2026 / Capital reserve | 2026Group / year ended 31 March 2026 / Reserve for own shares | Source |
|---|---|---|---|---|
| Changes in ownership interests in a subsidiary | ||||
| At 1 April 2025Singapore dollars thousands | 94,089 | 17,798 | (3,246) | PDF p. 82 |
| Total comprehensive (expense)/income for the year | ||||
| Profit for the yearSingapore dollars thousands | – | – | – | PDF p. 82 |
| Other comprehensive (expense)/income | ||||
| Foreign currency translation differencesSingapore dollars thousands | – | – | – | PDF p. 82 |
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 82 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 82 |
| Total other comprehensive (expense)/incomeSingapore dollars thousands | – | – | – | PDF p. 82 |
| Total comprehensive (expense)/ income for the yearSingapore dollars thousands | – | – | – | PDF p. 82 |
| Contributions by and distributions to owners | ||||
| Purchase of treasury sharesSingapore dollars thousands | – | – | (240) | PDF p. 82 |
| Dividend paid in respect of financial year ended 31 March 2025 - Final dividend of 0.035 cent per share (tax-exempt one-tier)Singapore dollars thousands | – | – | – | PDF p. 82 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | PDF p. 82 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | (240) | PDF p. 82 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | (240) | PDF p. 82 |
| At 31 March 2026Singapore dollars thousands | 94,089 | 17,798 | (3,486) | PDF p. 82 |
Definitions & sources
Original report: PDF p. 82 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2026 / components 4–11
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 / Reserve on consolidation | 2026Group / year ended 31 March 2026 / Foreign currency translation reserve | 2026Group / year ended 31 March 2026 / Revaluation reserve | 2026Group / year ended 31 March 2026 / Other reserve | 2026Group / year ended 31 March 2026 / Accumulated profits/(losses) | 2026Group / year ended 31 March 2026 / Total attributable to owners of the Company | 2026Group / year ended 31 March 2026 / Non-controlling interests | 2026Group / year ended 31 March 2026 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group equity component continuation from preceding physical page | |||||||||
| At 1 April 2025Singapore dollars thousands | 116 | (6,639) | 2,673 | (2,334) | (21,192) | 81,265 | 26,097 | 107,362 | PDF p. 83 Label p. 82 |
| Profit for the yearSingapore dollars thousands | – | – | – | – | 2,691 | 2,691 | 167 | 2,858 | PDF p. 83 Label p. 82 |
| Foreign currency translation differencesSingapore dollars thousands | – | (670) | (8) | – | – | (678) | (200) | (878) | PDF p. 83 Label p. 82 |
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | 1,104 | – | – | 1,104 | 410 | 1,514 | PDF p. 83 Label p. 82 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | (585) | – | 585 | – | – | – | PDF p. 83 Label p. 82 |
| Total other comprehensive (expense)/incomeSingapore dollars thousands | – | (670) | 511 | – | 585 | 426 | 210 | 636 | PDF p. 83 Label p. 82 |
| Total comprehensive (expense)/ income for the yearSingapore dollars thousands | – | (670) | 511 | – | 3,276 | 3,117 | 377 | 3,494 | PDF p. 83 Label p. 82 |
| Purchase of treasury sharesSingapore dollars thousands | – | – | – | – | – | (240) | – | (240) | PDF p. 83 Label p. 82 |
| Dividend paid in respect of financial year ended 31 March 2025 - Final dividend of 0.035 cent per share (tax-exempt one-tier)Singapore dollars thousands | – | – | – | – | (1,221) | (1,221) | – | (1,221) | PDF p. 83 Label p. 82 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | – | – | – | (405) | (405) | PDF p. 83 Label p. 82 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | – | – | (1,221) | (1,461) | (405) | (1,866) | PDF p. 83 Label p. 82 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | – | – | (1,221) | (1,461) | (405) | (1,866) | PDF p. 83 Label p. 82 |
| At 31 March 2026Singapore dollars thousands | 116 | (7,309) | 3,184 | (2,334) | (19,137) | 82,921 | 26,069 | 108,990 | PDF p. 83 Label p. 82 |
Definitions & sources
Original report: PDF p. 83 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2025 / components 1–3
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 March 2025 / Share capital | 2025Group / year ended 31 March 2025 / Capital reserve | 2025Group / year ended 31 March 2025 / Reserve for own shares | Source |
|---|---|---|---|---|
| Group changes in equity | ||||
| At 1 April 2024Singapore dollars thousands | 94,089 | 17,798 | (3,094) | PDF p. 82 |
| Total comprehensive (expense)/income for the year | ||||
| Profit for the yearSingapore dollars thousands | – | – | – | PDF p. 82 |
| Other comprehensive (expense)/income | ||||
| Foreign currency translation differencesSingapore dollars thousands | – | – | – | PDF p. 82 |
| Revaluation (loss)/surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 82 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 82 |
| Total other comprehensive (expense)/incomeSingapore dollars thousands | – | – | – | PDF p. 82 |
| Total comprehensive (expense)/ income for the yearSingapore dollars thousands | – | – | – | PDF p. 82 |
| Contributions by and distributions to owners | ||||
| Purchase of treasury sharesSingapore dollars thousands | – | – | (152) | PDF p. 82 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | PDF p. 82 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | (152) | PDF p. 82 |
| Changes in ownership interests in a subsidiary | ||||
| Capital contribution by non-controlling interests of a subsidiarySingapore dollars thousands | – | – | – | PDF p. 82 |
| Total changes in ownership interests in a subsidiarySingapore dollars thousands | – | – | – | PDF p. 82 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | (152) | PDF p. 82 |
| At 31 March 2025Singapore dollars thousands | 94,089 | 17,798 | (3,246) | PDF p. 82 |
Definitions & sources
Original report: PDF p. 82 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2025 / components 4–11
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended 31 March 2025 / Reserve on consolidation | 2025Group / year ended 31 March 2025 / Foreign currency translation reserve | 2025Group / year ended 31 March 2025 / Revaluation reserve | 2025Group / year ended 31 March 2025 / Other reserve | 2025Group / year ended 31 March 2025 / Accumulated profits/(losses) | 2025Group / year ended 31 March 2025 / Total attributable to owners of the Company | 2025Group / year ended 31 March 2025 / Non-controlling interests | 2025Group / year ended 31 March 2025 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group equity component continuation from preceding physical page | |||||||||
| At 1 April 2024Singapore dollars thousands | 116 | (6,055) | 3,260 | (2,334) | (23,553) | 80,227 | 25,079 | 105,306 | PDF p. 83 Label p. 82 |
| Profit for the yearSingapore dollars thousands | – | – | – | – | 1,883 | 1,883 | 661 | 2,544 | PDF p. 83 Label p. 82 |
| Foreign currency translation differencesSingapore dollars thousands | – | (584) | (9) | – | – | (593) | (20) | (613) | PDF p. 83 Label p. 82 |
| Revaluation (loss)/surplus of property, plant and equipmentSingapore dollars thousands | – | – | (100) | – | – | (100) | 416 | 316 | PDF p. 83 Label p. 82 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | (478) | – | 478 | – | – | – | PDF p. 83 Label p. 82 |
| Total other comprehensive (expense)/incomeSingapore dollars thousands | – | (584) | (587) | – | 478 | (693) | 396 | (297) | PDF p. 83 Label p. 82 |
| Total comprehensive (expense)/ income for the yearSingapore dollars thousands | – | (584) | (587) | – | 2,361 | 1,190 | 1,057 | 2,247 | PDF p. 83 Label p. 82 |
| Purchase of treasury sharesSingapore dollars thousands | – | – | – | – | – | (152) | – | (152) | PDF p. 83 Label p. 82 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | – | – | – | (165) | (165) | PDF p. 83 Label p. 82 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | – | – | – | (152) | (165) | (317) | PDF p. 83 Label p. 82 |
| Capital contribution by non-controlling interests of a subsidiarySingapore dollars thousands | – | – | – | – | – | – | 126 | 126 | PDF p. 83 Label p. 82 |
| Total changes in ownership interests in a subsidiarySingapore dollars thousands | – | – | – | – | – | – | 126 | 126 | PDF p. 83 Label p. 82 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | – | – | – | (152) | (39) | (191) | PDF p. 83 Label p. 82 |
| At 31 March 2025Singapore dollars thousands | 116 | (6,639) | 2,673 | (2,334) | (21,192) | 81,265 | 26,097 | 107,362 | PDF p. 83 Label p. 82 |
Definitions & sources
Original report: PDF p. 83 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Original corrected five-year financial summary
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 | 2023Group / year ended 31 March 2023 | 2024Group / year ended 31 March 2024 | 2025Group / year ended 31 March 2025 | 2026Group / year ended 31 March 2026 | Source |
|---|---|---|---|---|---|---|
| Original five-year financial summary | ||||||
| RevenueSingapore dollars millions | 268.7 | 264.6 | 305.3 | 337.8 | 400.4 | PDF p. 30 |
| Gross ProfitSingapore dollars millions | 27.7 | 6.3 | 14.4 | 35.4 | 38.6 | PDF p. 30 |
| Profit/(Loss) After TaxSingapore dollars millions | 5.8 | (27.1) | (20.5) | 2.5 | 2.9 | PDF p. 30 |
| EBITDASingapore dollars millions | 32.4 | 2.9 | 9.2 | 31.4 | 32.3 | PDF p. 30 |
| Property, Plant & EquipmentSingapore dollars millions | 128.6 | 124.7 | 115.3 | 115.8 | 117.8 | PDF p. 30 |
| Other Non-Current AssetsSingapore dollars millions | 32.0 | 63.4 | 56.5 | 56.7 | 52.2 | PDF p. 30 |
| Total Current AssetsSingapore dollars millions | 188.7 | 194.5 | 200.5 | 223.8 | 224.2 | PDF p. 30 |
| Total AssetsSingapore dollars millions | 349.3 | 382.6 | 372.3 | 396.3 | 394.2 | PDF p. 30 |
| Total EquitySingapore dollars millions | 150.8 | 124.4 | 105.3 | 107.4 | 109.0 | PDF p. 30 |
| Other Non-Current LiabilitiesSingapore dollars millions | 39.0 | 72.2 | 60.4 | 62.9 | 54.2 | PDF p. 30 |
| Total Current LiabilitiesSingapore dollars millions | 159.5 | 186.0 | 206.6 | 226.0 | 231.0 | PDF p. 30 |
| Total Equity & LiabilitiesSingapore dollars millions | 349.3 | 382.6 | 372.3 | 396.3 | 394.2 | PDF p. 30 |
| Earnings/(Loss) After Tax (Basic)Singapore cents per share | 0.16 | (0.76) | (0.57) | 0.05 | 0.08 | PDF p. 30 |
| Net Asset ValueSingapore cents per share | 4.27 | 3.54 | 3.00 | 3.07 | 3.13 | PDF p. 30 |
| Dividends - tax exempt one-tierSingapore cents per share | - | - | - | 0.035 | 0.037 | PDF p. 30 |
| Return on EquityPercent | 4.8 | -23.8 | -22.5 | 2.3 | 3.3 | PDF p. 30 |
| Gross Profit MarginPercent | 10.3 | 2.4 | 4.7 | 10.5 | 9.6 | PDF p. 30 |
| Debt/Equity RatioPercent | 61.0 | 75.3 | 91.9 | 94.7 | 87.0 | PDF p. 30 |
| Current RatioTimes | 1.18 | 1.05 | 0.97 | 0.99 | 0.97 | PDF p. 30 |
Definitions & sources
Original report: PDF p. 30 ↗
FY2022 is expressly restated. Official 22 July 2026 corrigendum changes only the FY2026 after-tax profit from 3.3 to 2.9 million; primary net profit remains 2,858 thousand.
Reported NAV per share numerically uses total Group equity including NCI, whereas EPS uses profit attributable to ordinary shareholders. ROE numerically uses average owner equity. These are independent arithmetic reconciliations, not an unprinted formal NAV/ROE definition.
The 22 July 2026 official corrected annual supersedes the 14 July version. Only physical page 30 (printed 28) changes in the complete native-text comparison: FY2026 summary after-tax profit 3.3 million becomes 2.9 million. Primary net profit remains 2,858 thousand. Both full originals and the one-page corrigendum are archived.
Group equity changes are split across adjacent physical pages. All three left and eight right components retain original amount coordinates; right-page captions bind to the corresponding left-page caption and native baseline. Unlabelled source subtotals remain unlabelled.
Six summary amounts differ by 0.1 million from standard rounding of exact primary values: FY2022 other noncurrent assets 32.0 vs 31.9 and current liabilities 159.5 vs 159.6; FY2023 other noncurrent assets 63.4 vs 63.3 and current assets 194.5 vs 194.6; FY2024 noncurrent liabilities 60.4 vs 60.3 and current liabilities 206.6 vs 206.7. Original summary values are retained; no undisclosed residual-rounding rule is asserted.
Reported NAV/share numerically reconciles to total Group equity including NCI divided by year-end eligible shares. EPS uses owner profit and weighted ordinary shares; ROE numerically reconciles to owner profit divided by average owner equity. These are distinct scopes. A separate formal NAV/ROE definition is not printed.
Reported five-year EBITDA numerically reconciles to pretax result plus net finance expense and depreciation of PPE/right-of-use assets. This is an independent arithmetic bridge; the source describes earnings before interest, tax, depreciation and amortisation without printing a separate detailed formula.
Group and Company bank cash and fixed deposits
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | 2026Company / year ended 31 March 2026 | 2025Company / year ended 31 March 2025 | Source |
|---|---|---|---|---|---|
| Cash composition and CFcash | |||||
| Cash at bank and in handSingapore dollars thousands | 20,792 | 16,795 | 2,532 | 2,012 | PDF p. 127 |
| Fixed depositsSingapore dollars thousands | 1,245 | 2,255 | – | – | PDF p. 127 |
| Cash and cash equivalents in the statements of financial positionSingapore dollars thousands | 22,037 | 19,050 | 2,532 | 2,012 | PDF p. 127 |
Definitions & sources
Original report: PDF p. 127 ↗
Group cash-flow cash reconciliation
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Cash composition and CFcash | |||
| Cash and cash equivalents in the statements of financial positionSingapore dollars thousands | 22,037 | 19,050 | PDF p. 127 |
| Bank overdraftsSingapore dollars thousands | (2,802) | (2,444) | PDF p. 127 |
| Fixed deposits pledgedSingapore dollars thousands | – | (300) | PDF p. 127 |
| Cash and cash equivalents in the consolidated statement of cash flowSingapore dollars thousands | 19,235 | 16,306 | PDF p. 127 |
Definitions & sources
Original report: PDF p. 127 ↗
Subtract bank overdrafts and pledged deposits from balance-sheet cash.
Defined capital-management gearing ratio
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Capital management gearing | |||
| Loans and borrowings (excluding lease liabilities associated with right-of-use assets)Singapore dollars thousands | 94,800 | 101,659 | PDF p. 129 |
| Total equitySingapore dollars thousands | 108,990 | 107,362 | PDF p. 129 |
| Capital management | |||
| Gearing ratioPercent | 87 | 95 | PDF p. 129 |
Definitions & sources
Original report: PDF p. 129 ↗
Numerator excludes only lease liabilities associated with right-of-use assets, not all lease liabilities. Denominator is total equity including NCI. The note rounds to whole percent; the five-year summary prints one decimal place.
Group and Company reserves
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | 2026Company / year ended 31 March 2026 | 2025Company / year ended 31 March 2025 | Source |
|---|---|---|---|---|---|
| Reserves | |||||
| Capital reserveSingapore dollars thousands | 17,798 | 17,798 | 17,798 | 17,798 | PDF p. 130 |
| Reserve for own sharesSingapore dollars thousands | (3,486) | (3,246) | (3,486) | (3,246) | PDF p. 130 |
| Reserve on consolidationSingapore dollars thousands | 116 | 116 | – | – | PDF p. 130 |
| Foreign currency translation reserveSingapore dollars thousands | (7,309) | (6,639) | – | – | PDF p. 130 |
| Revaluation reserveSingapore dollars thousands | 3,184 | 2,673 | – | – | PDF p. 130 |
| Other reserveSingapore dollars thousands | (2,334) | (2,334) | – | – | PDF p. 130 |
| Accumulated (losses)/profitsSingapore dollars thousands | (19,137) | (21,192) | 3,067 | 1,843 | PDF p. 130 |
| SubtotalSingapore dollars thousands | (11,168) | (12,824) | 17,379 | 16,395 | PDF p. 130 |
Definitions & sources
Original report: PDF p. 130 ↗
Proposed dividends after the reporting date
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group and Company / year ended 31 March 2026 | 2025Group and Company / year ended 31 March 2025 | Source |
|---|---|---|---|
| Proposed dividends | |||
| 0.037 cent per qualifying ordinary share (2025: 0.035 cent)Singapore dollars thousands | 1,287 | 1,221 | PDF p. 130 |
Definitions & sources
Original report: PDF p. 130 ↗
These proposed amounts are not provided as year-end liabilities. FY2026 0.037 cent is proposed; FY2025 ordinary cash paid during FY2026 is separately 1,221 thousand.
Original proposed dividend per ordinary share
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group and Company / year ended 31 March 2026 | 2025Group and Company / year ended 31 March 2025 | Source |
|---|---|---|---|
| Original proposed dividend rate | |||
| cent per qualifying ordinary shareSingapore cents per share | 0.037 | 0.035 | PDF p. 130 |
Definitions & sources
Original report: PDF p. 130 ↗
Group and Company loans and borrowings
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | 2026Company / year ended 31 March 2026 | 2025Company / year ended 31 March 2025 | Source |
|---|---|---|---|---|---|
| Non-current liabilities | |||||
| Secured bank loansSingapore dollars thousands | 701 | 3,659 | – | – | PDF p. 131 |
| Unsecured bank loansSingapore dollars thousands | – | 183 | – | – | PDF p. 131 |
| Lease liabilitiesSingapore dollars thousands | 44,149 | 40,250 | 30,925 | 32,929 | PDF p. 131 |
| SubtotalSingapore dollars thousands | 44,850 | 44,092 | 30,925 | 32,929 | PDF p. 131 |
| Current liabilities | |||||
| Bank overdraftsSingapore dollars thousands | 2,802 | 2,444 | – | – | PDF p. 131 |
| Bills payableSingapore dollars thousands | 39,535 | 56,819 | – | – | PDF p. 131 |
| Commercial papersSingapore dollars thousands | 17,450 | 12,670 | 19,950 | 14,670 | PDF p. 131 |
| Secured bank loansSingapore dollars thousands | 4,001 | 3,873 | – | – | PDF p. 131 |
| Unsecured bank loansSingapore dollars thousands | 8,638 | 9,424 | – | 130 | PDF p. 131 |
| Lease liabilitiesSingapore dollars thousands | 14,687 | 9,849 | 2,024 | 1,909 | PDF p. 131 |
| SubtotalSingapore dollars thousands | 87,113 | 95,079 | 21,974 | 16,709 | PDF p. 131 |
Definitions & sources
Original report: PDF p. 131 ↗
Group commercial paper 17,450/12,670 thousand differs from Company 19,950/14,670 thousand because the Wisescan subsidiary subscribed 2,500/2,000 thousand, as disclosed on physical page 132. Group and Company are not added together.
Revenue disaggregation excluding rentals
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / Foundation and geotechnical engineering | 2025Group / Foundation and geotechnical engineering | 2026Group / Sales and lease of equipment | 2025Group / Sales and lease of equipment | 2026Group / Total reportable segments | 2025Group / Total reportable segments | Source |
|---|---|---|---|---|---|---|---|
| Revenue disaggregation excluding rentals | |||||||
| Geographical regions SingaporeSingapore dollars thousands | 296,344 | 245,625 | 22,907 | 21,793 | 319,251 | 267,418 | PDF p. 140 |
| MalaysiaSingapore dollars thousands | 44,323 | 37,391 | 248 | 113 | 44,571 | 37,504 | PDF p. 140 |
| IndiaSingapore dollars thousands | – | – | 19,686 | 18,351 | 19,686 | 18,351 | PDF p. 140 |
| ThailandSingapore dollars thousands | – | – | 972 | 498 | 972 | 498 | PDF p. 140 |
| VietnamSingapore dollars thousands | – | – | 1,473 | 25 | 1,473 | 25 | PDF p. 140 |
| Other regionsSingapore dollars thousands | – | – | 640 | 526 | 640 | 526 | PDF p. 140 |
| SubtotalSingapore dollars thousands | 340,667 | 283,016 | 45,926 | 41,306 | 386,593 | 324,322 | PDF p. 140 |
| Major revenue streams Construction contractsSingapore dollars thousands | 340,667 | 283,016 | – | – | 340,667 | 283,016 | PDF p. 140 |
| Trading of plant and equipmentSingapore dollars thousands | – | – | 45,926 | 41,306 | 45,926 | 41,306 | PDF p. 140 |
| SubtotalSingapore dollars thousands | 340,667 | 283,016 | 45,926 | 41,306 | 386,593 | 324,322 | PDF p. 140 |
| Timing of revenue recognition Products transferred at a point in timeSingapore dollars thousands | – | – | 45,926 | 41,306 | 45,926 | 41,306 | PDF p. 140 |
| Products and services transferred over timeSingapore dollars thousands | 340,667 | 283,016 | – | – | 340,667 | 283,016 | PDF p. 140 |
| SubtotalSingapore dollars thousands | 340,667 | 283,016 | 45,926 | 41,306 | 386,593 | 324,322 | PDF p. 140 |
Definitions & sources
Original report: PDF p. 140 ↗
Revenue from contracts excludes rental income; the segment table separately reconciles rentals to consolidated revenue.
Reportable segment information
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / Foundation and geotechnical engineering | 2025Group / Foundation and geotechnical engineering | 2026Group / Sales and lease of equipment | 2025Group / Sales and lease of equipment | 2026Group / Total reportable segments | 2025Group / Total reportable segments | Source |
|---|---|---|---|---|---|---|---|
| Reportable segment information | |||||||
| Revenue from contracts with customersSingapore dollars thousands | 340,667 | 283,016 | 45,926 | 41,306 | 386,593 | 324,322 | PDF p. 161 |
| Rental incomeSingapore dollars thousands | 71 | 32 | 13,733 | 13,457 | 13,804 | 13,489 | PDF p. 161 |
| External revenueSingapore dollars thousands | 340,738 | 283,048 | 59,659 | 54,763 | 400,397 | 337,811 | PDF p. 161 |
| Inter-segment revenueSingapore dollars thousands | – | – | 1,511 | 1,944 | 1,511 | 1,944 | PDF p. 161 |
| Finance incomeSingapore dollars thousands | 122 | 278 | 34 | 160 | 156 | 438 | PDF p. 161 |
| Finance expensesSingapore dollars thousands | (3,141) | (3,577) | (1,102) | (1,686) | (4,243) | (5,263) | PDF p. 161 |
| Reportable segment profit/ (loss) before taxSingapore dollars thousands | 3,283 | 1,492 | (791) | 184 | 2,492 | 1,676 | PDF p. 161 |
| Reportable segment assetsSingapore dollars thousands | 227,936 | 218,756 | 110,989 | 121,296 | 338,925 | 340,052 | PDF p. 161 |
| Capital expenditureSingapore dollars thousands | 16,348 | 18,007 | 733 | 864 | 17,081 | 18,871 | PDF p. 161 |
| Reportable segment liabilitiesSingapore dollars thousands | 167,754 | 164,914 | 60,797 | 69,583 | 228,551 | 234,497 | PDF p. 161 |
| Other material items Depreciation of property, plant and equipmentSingapore dollars thousands | (11,700) | (10,330) | (5,369) | (5,997) | (17,069) | (16,327) | PDF p. 161 |
| Depreciation of right-of-use assetsSingapore dollars thousands | (2,599) | (2,382) | (417) | (422) | (3,016) | (2,804) | PDF p. 161 |
| Impairment losses (recognised)/reversed on: – property, plant and equipmentSingapore dollars thousands | – | – | (97) | (2) | (97) | (2) | PDF p. 161 |
| – trade and other receivables and contract assetsSingapore dollars thousands | 99 | 77 | (341) | (14) | (242) | 63 | PDF p. 161 |
| – assets held for saleSingapore dollars thousands | – | (500) | (294) | (204) | (294) | (704) | PDF p. 161 |
| Gain on disposal of: – property, plant and equipmentSingapore dollars thousands | 156 | 465 | 248 | 958 | 404 | 1,423 | PDF p. 161 |
| – assets held for saleSingapore dollars thousands | 9 | 368 | 16 | 1 | 25 | 369 | PDF p. 161 |
| Inventories written downSingapore dollars thousands | – | – | (132) | (51) | (132) | (51) | PDF p. 161 |
| Inventories written offSingapore dollars thousands | – | – | (32) | – | (32) | – | PDF p. 161 |
| Property, plant and equipment written offSingapore dollars thousands | (100) | – | – | (61) | (100) | (61) | PDF p. 161 |
| Provision for rectification costsSingapore dollars thousands | (2,716) | (2,331) | – | – | (2,716) | (2,331) | PDF p. 161 |
Definitions & sources
Original report: PDF p. 161 ↗
Segment reconciliations to Group
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Segment reconciliations to Group | |||
| Revenue Total revenue for reportable segmentsSingapore dollars thousands | 401,908 | 339,755 | PDF p. 162 |
| Revenue for other segmentsSingapore dollars thousands | – | – | PDF p. 162 |
| SubtotalSingapore dollars thousands | 401,908 | 339,755 | PDF p. 162 |
| Elimination of inter-segment revenueSingapore dollars thousands | (1,511) | (1,944) | PDF p. 162 |
| Consolidated revenueSingapore dollars thousands | 400,397 | 337,811 | PDF p. 162 |
| Finance income Total finance income for reportable segmentsSingapore dollars thousands | 156 | 438 | PDF p. 162 |
| Finance income for other segmentsSingapore dollars thousands | * | * | PDF p. 162 |
| SubtotalSingapore dollars thousands | 156 | 438 | PDF p. 162 |
| Finance expenses Total finance expenses for reportable segmentsSingapore dollars thousands | (4,243) | (5,263) | PDF p. 162 |
| Finance expenses for other segmentsSingapore dollars thousands | (1,938) | (1,777) | PDF p. 162 |
| SubtotalSingapore dollars thousands | (6,181) | (7,040) | PDF p. 162 |
| Profit or loss before tax Total profit before tax for reportable segmentsSingapore dollars thousands | 2,492 | 1,676 | PDF p. 162 |
| Loss before tax for other segmentsSingapore dollars thousands | – | (47) | PDF p. 162 |
| SubtotalSingapore dollars thousands | 2,492 | 1,629 | PDF p. 162 |
| Elimination of inter-segment transactionsSingapore dollars thousands | 11,010 | 10,917 | PDF p. 162 |
| Unallocated amount: – other corporate expensesSingapore dollars thousands | (11,169) | (10,754) | PDF p. 162 |
| Share of profit of associatesSingapore dollars thousands | 935 | 855 | PDF p. 162 |
| Consolidated profit before taxSingapore dollars thousands | 3,268 | 2,647 | PDF p. 162 |
| Depreciation of property, plant and equipment Total depreciation expenses for reportable segmentsSingapore dollars thousands | (17,069) | (16,327) | PDF p. 162 |
| Depreciation expenses for other segmentsSingapore dollars thousands | (561) | (628) | PDF p. 162 |
| SubtotalSingapore dollars thousands | (17,630) | (16,955) | PDF p. 162 |
| Depreciation of right-of-use assets Total depreciation expenses for reportable segmentsSingapore dollars thousands | (3,016) | (2,804) | PDF p. 162 |
| Depreciation expenses for other segmentsSingapore dollars thousands | (2,405) | (2,405) | PDF p. 162 |
| SubtotalSingapore dollars thousands | (5,421) | (5,209) | PDF p. 162 |
| Assets | |||
| Total assets for reportable segmentsSingapore dollars thousands | 338,925 | 340,052 | PDF p. 162 |
| Assets for other segmentsSingapore dollars thousands | 12,856 | 12,800 | PDF p. 162 |
| SubtotalSingapore dollars thousands | 351,781 | 352,852 | PDF p. 162 |
| Investments in associatesSingapore dollars thousands | 9,256 | 8,249 | PDF p. 162 |
| Investments in joint venturesSingapore dollars thousands | 464 | – | PDF p. 162 |
| Deferred tax assetsSingapore dollars thousands | 102 | 101 | PDF p. 162 |
| Tax recoverableSingapore dollars thousands | 116 | 300 | PDF p. 162 |
| Other unallocated amountsSingapore dollars thousands | 32,496 | 34,801 | PDF p. 162 |
| Consolidated total assetsSingapore dollars thousands | 394,215 | 396,303 | PDF p. 162 |
Definitions & sources
Original report: PDF p. 162 ↗
An asterisk means less than $1,000, not a zero literal.
Segment liability reconciliation
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Liabilities | |||
| Total liabilities for reportable segmentsSingapore dollars thousands | 228,551 | 234,497 | PDF p. 163 |
| Liabilities for other segmentsSingapore dollars thousands | 2,801 | 3,213 | PDF p. 163 |
| SubtotalSingapore dollars thousands | 231,352 | 237,710 | PDF p. 163 |
| Deferred tax liabilitiesSingapore dollars thousands | 563 | 1,038 | PDF p. 163 |
| Current tax payableSingapore dollars thousands | 531 | 349 | PDF p. 163 |
| Other unallocated amountsSingapore dollars thousands | 52,779 | 49,844 | PDF p. 163 |
| Consolidated total liabilitiesSingapore dollars thousands | 285,225 | 288,941 | PDF p. 163 |
Definitions & sources
Original report: PDF p. 163 ↗
Geographical revenue and non-current assets
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / Revenue from external customers | 2026Group / Non-current assets | 2025Group / Revenue from external customers | 2025Group / Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical revenue and non-current assets | |||||
| SingaporeSingapore dollars thousands | 329,023 | 144,375 | 277,393 | 139,850 | PDF p. 163 |
| MalaysiaSingapore dollars thousands | 44,971 | 8,360 | 37,849 | 8,889 | PDF p. 163 |
| IndiaSingapore dollars thousands | 19,759 | 280 | 18,407 | 230 | PDF p. 163 |
| ThailandSingapore dollars thousands | 2,758 | 4,186 | 1,511 | 4,800 | PDF p. 163 |
| Other regionsSingapore dollars thousands | 3,886 | 4,543 | 2,651 | 5,416 | PDF p. 163 |
| ConsolidatedSingapore dollars thousands | 400,397 | 161,744 | 337,811 | 159,185 | PDF p. 163 |
Definitions & sources
Original report: PDF p. 163 ↗
EPS original profit inputs / 2026
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Original EPS numerator | |||
| Profit attributable to ordinary shareholdersSingapore dollars thousands | 2,691 | 1,883 | PDF p. 145 |
Definitions & sources
Original report: PDF p. 145 ↗
EPS original weighted share base / 2026
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Original EPS share base | |||
| Issued ordinary shares at beginning of the yearShares | 3,588,348,176 | 3,588,348,176 | PDF p. 145 |
| Ordinary shares held as treasury sharesShares | (101,374,055) | (84,362,000) | PDF p. 145 |
| Weighted average number of shares used to compute loss per shareShares | 3,486,974,121 | 3,503,986,176 | PDF p. 145 |
Definitions & sources
Original report: PDF p. 145 ↗
These are whole share counts. The source caption can say loss per share even where the current numerator is profit.
Year-end treasury-share holdings / 2026
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2026Group and Company / year ended 31 March 2026 | 2025Group and Company / year ended 31 March 2025 | Source |
|---|---|---|---|
| Original year-end treasury holdings | |||
| own uncancelled sharesShares | 110,282,000 | 94,082,000 | PDF p. 129 |
Definitions & sources
Original report: PDF p. 129 ↗
Group profit or loss
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 | Source |
|---|---|---|
| Group profit or loss | ||
| RevenueSingapore dollars thousands | 305,338 | PDF p. 80 |
| Cost of salesSingapore dollars thousands | (290,893) | PDF p. 80 |
| Gross profitSingapore dollars thousands | 14,445 | PDF p. 80 |
| Other incomeSingapore dollars thousands | 2,179 | PDF p. 80 |
| Distribution expensesSingapore dollars thousands | (789) | PDF p. 80 |
| Administrative expensesSingapore dollars thousands | (29,443) | PDF p. 80 |
| Other operating expensesSingapore dollars thousands | (380) | PDF p. 80 |
| Impairment loss reversed on trade and other receivables and contract assetsSingapore dollars thousands | 971 | PDF p. 80 |
| Results from operating activitiesSingapore dollars thousands | (13,017) | PDF p. 80 |
| Finance incomeSingapore dollars thousands | 656 | PDF p. 80 |
| Finance expensesSingapore dollars thousands | (7,224) | PDF p. 80 |
| Net finance expensesSingapore dollars thousands | (6,568) | PDF p. 80 |
| Share of profit/(loss) of associates (net of tax)Singapore dollars thousands | (792) | PDF p. 80 |
| Profit/(Loss) before taxSingapore dollars thousands | (20,377) | PDF p. 80 |
| Tax expenseSingapore dollars thousands | (164) | PDF p. 80 |
| Profit/(Loss) for the yearSingapore dollars thousands | (20,541) | PDF p. 80 |
| Profit/(Loss) attributable to: | ||
| Owners of the CompanySingapore dollars thousands | (20,161) | PDF p. 80 |
| Non-controlling interestsSingapore dollars thousands | (380) | PDF p. 80 |
| Profit/(Loss) for the yearSingapore dollars thousands | (20,541) | PDF p. 80 |
| Earnings/(Loss) per share | ||
| Basic earnings/(loss) per share (cents)Singapore cents per share | (0.57) | PDF p. 80 |
| Diluted earnings/(loss) per share (cents)Singapore cents per share | (0.57) | PDF p. 80 |
Definitions & sources
Original report: PDF p. 80 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group comprehensive income
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 | Source |
|---|---|---|
| Group comprehensive income | ||
| Profit/(Loss) for the yearSingapore dollars thousands | (20,541) | PDF p. 81 |
| Item that will not be reclassified to profit or loss: | ||
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | 1,270 | PDF p. 81 |
| Item that is or may be reclassified subsequently to profit or loss: | ||
| Foreign currency translation differences – foreign operationsSingapore dollars thousands | 432 | PDF p. 81 |
| Other comprehensive (expense)/income for the year, net of taxSingapore dollars thousands | 1,702 | PDF p. 81 |
| Total comprehensive income/(expense) for the yearSingapore dollars thousands | (18,839) | PDF p. 81 |
| Total comprehensive income/(expense) attributable to: | ||
| Owners of the CompanySingapore dollars thousands | (18,780) | PDF p. 81 |
| Non-controlling interestsSingapore dollars thousands | (59) | PDF p. 81 |
| Total comprehensive income/(expense) for the yearSingapore dollars thousands | (18,839) | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group cash flows
60 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Profit/(Loss) for the yearSingapore dollars thousands | (20,541) | PDF p. 84 |
| Adjustments for: | ||
| Allowance for inventory obsolescenceSingapore dollars thousands | 89 | PDF p. 84 |
| Bad debts recoveredSingapore dollars thousands | (63) | PDF p. 84 |
| Depreciation of: – property, plant and equipmentSingapore dollars thousands | 18,003 | PDF p. 84 |
| – right-of-use assetsSingapore dollars thousands | 5,008 | PDF p. 84 |
| Gain on disposal of: – property, plant and equipmentSingapore dollars thousands | (929) | PDF p. 84 |
| – other investmentsSingapore dollars thousands | (48) | PDF p. 84 |
| – assets held for saleSingapore dollars thousands | (573) | PDF p. 84 |
| Impairment losses recognised/(reversed) on: – property, plant and equipmentSingapore dollars thousands | – | PDF p. 84 |
| – trade and other receivables and contract assetsSingapore dollars thousands | (971) | PDF p. 84 |
| – assets held for saleSingapore dollars thousands | 189 | PDF p. 84 |
| Inventories written downSingapore dollars thousands | 99 | PDF p. 84 |
| Inventories written offSingapore dollars thousands | 9 | PDF p. 84 |
| Loss on termination of lease liabilitiesSingapore dollars thousands | 3 | PDF p. 84 |
| Net finance expensesSingapore dollars thousands | 6,568 | PDF p. 84 |
| Property, plant and equipment written offSingapore dollars thousands | – | PDF p. 84 |
| Provision for onerous contractsSingapore dollars thousands | 108 | PDF p. 84 |
| Provision for rectification costsSingapore dollars thousands | 4,086 | PDF p. 84 |
| Share of (profit)/loss of associates (net of tax)Singapore dollars thousands | 792 | PDF p. 84 |
| Tax expenseSingapore dollars thousands | 164 | PDF p. 84 |
| SubtotalSingapore dollars thousands | 11,993 | PDF p. 84 |
| Changes in: | ||
| – InventoriesSingapore dollars thousands | 3,432 | PDF p. 84 |
| – Contract assetsSingapore dollars thousands | 2,235 | PDF p. 84 |
| – Trade and other receivablesSingapore dollars thousands | (9,090) | PDF p. 84 |
| – Contract liabilitiesSingapore dollars thousands | (290) | PDF p. 84 |
| – Trade and other payablesSingapore dollars thousands | 11,504 | PDF p. 84 |
| – Provision utilised for onerous contractsSingapore dollars thousands | (140) | PDF p. 84 |
| – Provision utilised for rectification costsSingapore dollars thousands | (1,482) | PDF p. 84 |
| Cash generated from operationsSingapore dollars thousands | 18,162 | PDF p. 84 |
| Taxes paidSingapore dollars thousands | (867) | PDF p. 84 |
| Interest receivedSingapore dollars thousands | 147 | PDF p. 84 |
| Net cash from operating activitiesSingapore dollars thousands | 17,442 | PDF p. 84 |
| Cash flows from investing activities | ||
| Acquisition of: – property, plant and equipmentSingapore dollars thousands | (8,130) | PDF p. 84 |
| – investment propertySingapore dollars thousands | (209) | PDF p. 84 |
| Proceeds from disposal of: – property, plant and equipmentSingapore dollars thousands | 1,857 | PDF p. 84 |
| – investment propertySingapore dollars thousands | 155 | PDF p. 84 |
| – other investmentsSingapore dollars thousands | 48 | PDF p. 84 |
| – assets held for saleSingapore dollars thousands | 233 | PDF p. 84 |
| Loans to associatesSingapore dollars thousands | (1,226) | PDF p. 84 |
| Net cash used in investing activitiesSingapore dollars thousands | (7,272) | PDF p. 84 |
| Cash flows from financing activities | ||
| Interest paidSingapore dollars thousands | (6,948) | PDF p. 85 |
| Acquisition of non-controlling interests of a subsidiarySingapore dollars thousands | (78) | PDF p. 85 |
| Dividends paid to non-controlling interests of a subsidiarySingapore dollars thousands | (165) | PDF p. 85 |
| Proceeds from: – bank loansSingapore dollars thousands | 9,128 | PDF p. 85 |
| – refinancing of lease liabilitiesSingapore dollars thousands | 5,809 | PDF p. 85 |
| – bills payableSingapore dollars thousands | 213,504 | PDF p. 85 |
| – capital contribution from non-controlling interests of a subsidiarySingapore dollars thousands | – | PDF p. 85 |
| – issuance of commercial papersSingapore dollars thousands | 10,080 | PDF p. 85 |
| Purchase of treasury sharesSingapore dollars thousands | (45) | PDF p. 85 |
| Repayment of: – bank loansSingapore dollars thousands | (18,860) | PDF p. 85 |
| – bills payableSingapore dollars thousands | (202,474) | PDF p. 85 |
| – commercial papersSingapore dollars thousands | (4,230) | PDF p. 85 |
| – lease liabilitiesSingapore dollars thousands | (17,951) | PDF p. 85 |
| Changes in non-trade amount owing to a related corporationSingapore dollars thousands | – | PDF p. 85 |
| Changes in fixed deposit pledgedSingapore dollars thousands | 1,332 | PDF p. 85 |
| Net cash used in financing activitiesSingapore dollars thousands | (10,898) | PDF p. 85 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands | (728) | PDF p. 85 |
| Cash and cash equivalents at 1 AprilSingapore dollars thousands | 16,753 | PDF p. 85 |
| Effect of exchange rate fluctuations on cash heldSingapore dollars thousands | 26 | PDF p. 85 |
| Cash and cash equivalents at 31 MarchSingapore dollars thousands | 16,051 | PDF p. 85 |
Definitions & sources
Original report: PDF p. 84 ↗ PDF p. 85 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group financial position
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 115,326 | PDF p. 79 |
| Right-of-use assetsSingapore dollars thousands | 37,657 | PDF p. 79 |
| GoodwillSingapore dollars thousands | 552 | PDF p. 79 |
| Investment propertySingapore dollars thousands | 162 | PDF p. 79 |
| Investments in: | ||
| – subsidiariesSingapore dollars thousands | – | PDF p. 79 |
| – associatesSingapore dollars thousands | 7,373 | PDF p. 79 |
| Other investmentsSingapore dollars thousands | – | PDF p. 79 |
| Contract assetsSingapore dollars thousands | 137 | PDF p. 79 |
| Trade and other receivablesSingapore dollars thousands | 10,557 | PDF p. 79 |
| Deferred tax assetsSingapore dollars thousands | 37 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 171,801 | PDF p. 79 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 20,219 | PDF p. 79 |
| Contract assetsSingapore dollars thousands | 64,338 | PDF p. 79 |
| Trade and other receivablesSingapore dollars thousands | 91,998 | PDF p. 79 |
| Tax recoverableSingapore dollars thousands | 432 | PDF p. 79 |
| Cash and cash equivalentsSingapore dollars thousands | 18,808 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 195,795 | PDF p. 79 |
| Assets held for saleSingapore dollars thousands | 4,725 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 200,520 | PDF p. 79 |
| Total assetsSingapore dollars thousands | 372,321 | PDF p. 79 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 94,089 | PDF p. 79 |
| ReservesSingapore dollars thousands | (13,862) | PDF p. 79 |
| SubtotalSingapore dollars thousands | 80,227 | PDF p. 79 |
| Non-controlling interestsSingapore dollars thousands | 25,079 | PDF p. 79 |
| Total equitySingapore dollars thousands | 105,306 | PDF p. 79 |
| Non-current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 50,630 | PDF p. 79 |
| Trade and other payablesSingapore dollars thousands | 8,549 | PDF p. 79 |
| ProvisionsSingapore dollars thousands | 60 | PDF p. 79 |
| Deferred tax liabilitiesSingapore dollars thousands | 1,109 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 60,348 | PDF p. 79 |
| Current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 86,333 | PDF p. 79 |
| Contract liabilitiesSingapore dollars thousands | 190 | PDF p. 79 |
| Trade and other payablesSingapore dollars thousands | 112,949 | PDF p. 79 |
| ProvisionsSingapore dollars thousands | 6,892 | PDF p. 79 |
| Current tax payableSingapore dollars thousands | 303 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 206,667 | PDF p. 79 |
| Total liabilitiesSingapore dollars thousands | 267,015 | PDF p. 79 |
| Total equity and liabilitiesSingapore dollars thousands | 372,321 | PDF p. 79 |
Definitions & sources
Original report: PDF p. 79 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Company financial position
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Company / year ended 31 March 2024 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | – | PDF p. 79 |
| Right-of-use assetsSingapore dollars thousands | 34,215 | PDF p. 79 |
| GoodwillSingapore dollars thousands | – | PDF p. 79 |
| Investment propertySingapore dollars thousands | – | PDF p. 79 |
| Investments in: | ||
| – subsidiariesSingapore dollars thousands | 101,404 | PDF p. 79 |
| – associatesSingapore dollars thousands | – | PDF p. 79 |
| Other investmentsSingapore dollars thousands | – | PDF p. 79 |
| Contract assetsSingapore dollars thousands | – | PDF p. 79 |
| Trade and other receivablesSingapore dollars thousands | 9,383 | PDF p. 79 |
| Deferred tax assetsSingapore dollars thousands | 480 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 145,482 | PDF p. 79 |
| Current assets | ||
| InventoriesSingapore dollars thousands | – | PDF p. 79 |
| Contract assetsSingapore dollars thousands | – | PDF p. 79 |
| Trade and other receivablesSingapore dollars thousands | 22,563 | PDF p. 79 |
| Tax recoverableSingapore dollars thousands | – | PDF p. 79 |
| Cash and cash equivalentsSingapore dollars thousands | 720 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 23,283 | PDF p. 79 |
| Assets held for saleSingapore dollars thousands | – | PDF p. 79 |
| SubtotalSingapore dollars thousands | 23,283 | PDF p. 79 |
| Total assetsSingapore dollars thousands | 168,765 | PDF p. 79 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 94,089 | PDF p. 79 |
| ReservesSingapore dollars thousands | 15,021 | PDF p. 79 |
| SubtotalSingapore dollars thousands | 109,110 | PDF p. 79 |
| Non-controlling interestsSingapore dollars thousands | – | PDF p. 79 |
| Total equitySingapore dollars thousands | 109,110 | PDF p. 79 |
| Non-current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 34,968 | PDF p. 79 |
| Trade and other payablesSingapore dollars thousands | – | PDF p. 79 |
| ProvisionsSingapore dollars thousands | 60 | PDF p. 79 |
| Deferred tax liabilitiesSingapore dollars thousands | – | PDF p. 79 |
| SubtotalSingapore dollars thousands | 35,028 | PDF p. 79 |
| Current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 9,185 | PDF p. 79 |
| Contract liabilitiesSingapore dollars thousands | – | PDF p. 79 |
| Trade and other payablesSingapore dollars thousands | 15,442 | PDF p. 79 |
| ProvisionsSingapore dollars thousands | – | PDF p. 79 |
| Current tax payableSingapore dollars thousands | – | PDF p. 79 |
| SubtotalSingapore dollars thousands | 24,627 | PDF p. 79 |
| Total liabilitiesSingapore dollars thousands | 59,655 | PDF p. 79 |
| Total equity and liabilitiesSingapore dollars thousands | 168,765 | PDF p. 79 |
Definitions & sources
Original report: PDF p. 79 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2024 / components 1–3
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 / Share capital | 2024Group / year ended 31 March 2024 / Capital reserve | 2024Group / year ended 31 March 2024 / Reserve for own shares | Source |
|---|---|---|---|---|
| Group changes in equity | ||||
| At 1 April 2023Singapore dollars thousands | 94,089 | 17,798 | (3,049) | PDF p. 82 |
| Total comprehensive income/(expense) for the year | ||||
| Loss for the yearSingapore dollars thousands | – | – | – | PDF p. 82 |
| Other comprehensive income | ||||
| Foreign currency translation differencesSingapore dollars thousands | – | – | – | PDF p. 82 |
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 82 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 82 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | PDF p. 82 |
| Total comprehensive income/(expense) for the yearSingapore dollars thousands | – | – | – | PDF p. 82 |
| Contributions by and distributions to owners | ||||
| Purchase of treasury sharesSingapore dollars thousands | – | – | (45) | PDF p. 82 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | PDF p. 82 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | (45) | PDF p. 82 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | (45) | PDF p. 82 |
| At 31 March 2024Singapore dollars thousands | 94,089 | 17,798 | (3,094) | PDF p. 82 |
Definitions & sources
Original report: PDF p. 82 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2024 / components 4–11
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 / Reserve on consolidation | 2024Group / year ended 31 March 2024 / Foreign currency translation reserve | 2024Group / year ended 31 March 2024 / Revaluation reserve | 2024Group / year ended 31 March 2024 / Other reserve | 2024Group / year ended 31 March 2024 / Accumulated profits/(losses) | 2024Group / year ended 31 March 2024 / Total attributable to owners of the Company | 2024Group / year ended 31 March 2024 / Non-controlling interests | 2024Group / year ended 31 March 2024 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group equity component continuation from preceding physical page | |||||||||
| At 1 April 2023Singapore dollars thousands | 116 | (6,511) | 2,675 | (2,334) | (3,732) | 99,052 | 25,303 | 124,355 | PDF p. 83 Label p. 82 |
| Loss for the yearSingapore dollars thousands | – | – | – | – | (20,161) | (20,161) | (380) | (20,541) | PDF p. 83 Label p. 82 |
| Foreign currency translation differencesSingapore dollars thousands | – | 456 | 8 | – | – | 464 | (32) | 432 | PDF p. 83 Label p. 82 |
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | 917 | – | – | 917 | 353 | 1,270 | PDF p. 83 Label p. 82 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | (340) | – | 340 | – | – | – | PDF p. 83 Label p. 82 |
| Total other comprehensive incomeSingapore dollars thousands | – | 456 | 585 | – | 340 | 1,381 | 321 | 1,702 | PDF p. 83 Label p. 82 |
| Total comprehensive income/(expense) for the yearSingapore dollars thousands | – | 456 | 585 | – | (19,821) | (18,780) | (59) | (18,839) | PDF p. 83 Label p. 82 |
| Purchase of treasury sharesSingapore dollars thousands | – | – | – | – | – | (45) | – | (45) | PDF p. 83 Label p. 82 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | – | – | – | (165) | (165) | PDF p. 83 Label p. 82 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | – | – | – | (45) | (165) | (210) | PDF p. 83 Label p. 82 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | – | – | – | (45) | (165) | (210) | PDF p. 83 Label p. 82 |
| At 31 March 2024Singapore dollars thousands | 116 | (6,055) | 3,260 | (2,334) | (23,553) | 80,227 | 25,079 | 105,306 | PDF p. 83 Label p. 82 |
Definitions & sources
Original report: PDF p. 83 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
EPS original profit inputs / 2025
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 | Source |
|---|---|---|
| Original EPS numerator | ||
| Profit/(Loss) attributable to ordinary shareholdersSingapore dollars thousands | (20,161) | PDF p. 144 |
Definitions & sources
Original report: PDF p. 144 ↗
EPS original weighted share base / 2025
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 | Source |
|---|---|---|
| Original EPS share base | ||
| Issued ordinary shares at beginning of the yearShares | 3,588,348,176 | PDF p. 144 |
| Ordinary shares held as treasury sharesShares | (72,654,541) | PDF p. 144 |
| Weighted average number of shares used to compute loss per shareShares | 3,515,693,635 | PDF p. 144 |
Definitions & sources
Original report: PDF p. 144 ↗
These are whole share counts. The source caption can say loss per share even where the current numerator is profit.
Year-end treasury-share holdings / 2025
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group and Company / year ended 31 March 2024 | Source |
|---|---|---|
| Original year-end treasury holdings | ||
| own uncancelled sharesShares | 76,932,000 | PDF p. 128 |
Definitions & sources
Original report: PDF p. 128 ↗
Original comparative bank cash and CFcash / 2025
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 | Source |
|---|---|---|
| Historical bank cash composition and CFcash | ||
| Cash at bank and in handSingapore dollars thousands | 15,779 | PDF p. 127 |
| Fixed depositsSingapore dollars thousands | 3,029 | PDF p. 127 |
| Cash and cash equivalents in the statements of financial positionSingapore dollars thousands | 18,808 | PDF p. 127 |
| Bank overdraftsSingapore dollars thousands | (2,607) | PDF p. 127 |
| Fixed deposits pledgedSingapore dollars thousands | (150) | PDF p. 127 |
| Cash and cash equivalents in the consolidated statement of cash flowSingapore dollars thousands | 16,051 | PDF p. 127 |
Definitions & sources
Original report: PDF p. 127 ↗
Original comparative defined gearing / 2025
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 | Source |
|---|---|---|
| Capital management | ||
| Loans and borrowings (excluding lease liabilities associated with right-of-use assets)Singapore dollars thousands | 96,748 | PDF p. 128 |
| Total equitySingapore dollars thousands | 105,306 | PDF p. 128 |
| Gearing ratioPercent | 92 | PDF p. 128 |
Definitions & sources
Original report: PDF p. 128 ↗
Group profit or loss
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 | Source |
|---|---|---|
| Group profit or loss | ||
| RevenueSingapore dollars thousands | 264,599 | PDF p. 82 |
| Cost of salesSingapore dollars thousands | (258,304) | PDF p. 82 |
| Gross profitSingapore dollars thousands | 6,295 | PDF p. 82 |
| Other incomeSingapore dollars thousands | 1,741 | PDF p. 82 |
| Distribution expensesSingapore dollars thousands | (1,109) | PDF p. 82 |
| Administrative expensesSingapore dollars thousands | (29,172) | PDF p. 82 |
| Other operating expensesSingapore dollars thousands | (166) | PDF p. 82 |
| Impairment loss reversed/(recognised) on trade and other receivables and contract assetsSingapore dollars thousands | (328) | PDF p. 82 |
| Results from operating activitiesSingapore dollars thousands | (22,739) | PDF p. 82 |
| Finance incomeSingapore dollars thousands | 1,114 | PDF p. 82 |
| Finance expensesSingapore dollars thousands | (5,679) | PDF p. 82 |
| Net finance expensesSingapore dollars thousands | (4,565) | PDF p. 82 |
| Share of loss of associates (net of tax)Singapore dollars thousands | (84) | PDF p. 82 |
| Loss before taxSingapore dollars thousands | (27,388) | PDF p. 82 |
| Tax (expense)/creditSingapore dollars thousands | 284 | PDF p. 82 |
| Loss for the yearSingapore dollars thousands | (27,104) | PDF p. 82 |
| Loss attributable to: | ||
| Owners of the CompanySingapore dollars thousands | (26,681) | PDF p. 82 |
| Non-controlling interestsSingapore dollars thousands | (423) | PDF p. 82 |
| Loss for the yearSingapore dollars thousands | (27,104) | PDF p. 82 |
| Loss per share | ||
| Basic loss per share (cents)Singapore cents per share | (0.76) | PDF p. 82 |
| Diluted loss per share (cents)Singapore cents per share | (0.76) | PDF p. 82 |
Definitions & sources
Original report: PDF p. 82 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group comprehensive income
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 | Source |
|---|---|---|
| Group comprehensive income | ||
| Loss for the yearSingapore dollars thousands | (27,104) | PDF p. 83 |
| Item that will not be reclassified to profit or loss: | ||
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | 955 | PDF p. 83 |
| Item that is or may be reclassified subsequently to profit or loss: | ||
| Foreign currency translation differences – foreign operationsSingapore dollars thousands | 24 | PDF p. 83 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | 979 | PDF p. 83 |
| Total comprehensive expense for the yearSingapore dollars thousands | (26,125) | PDF p. 83 |
| Total comprehensive expense attributable to: | ||
| Owners of the CompanySingapore dollars thousands | (25,875) | PDF p. 83 |
| Non-controlling interestsSingapore dollars thousands | (250) | PDF p. 83 |
| Total comprehensive expense for the yearSingapore dollars thousands | (26,125) | PDF p. 83 |
Definitions & sources
Original report: PDF p. 83 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group cash flows
58 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Loss for the yearSingapore dollars thousands | (27,104) | PDF p. 86 |
| Adjustments for: | ||
| Allowance for inventory obsolescenceSingapore dollars thousands | – | PDF p. 86 |
| Bad debts (recovered)/written offSingapore dollars thousands | 21 | PDF p. 86 |
| Depreciation of: – property, plant and equipmentSingapore dollars thousands | 20,466 | PDF p. 86 |
| – right-of-use assetsSingapore dollars thousands | 5,220 | PDF p. 86 |
| Gain on disposal of: – property, plant and equipmentSingapore dollars thousands | (964) | PDF p. 86 |
| – other investmentsSingapore dollars thousands | – | PDF p. 86 |
| – assets held for saleSingapore dollars thousands | – | PDF p. 86 |
| Impairment losses (reversed)/recognised on: – property, plant and equipmentSingapore dollars thousands | (100) | PDF p. 86 |
| – trade and other receivables and contract assetsSingapore dollars thousands | 328 | PDF p. 86 |
| – assets held for saleSingapore dollars thousands | – | PDF p. 86 |
| Inventories written downSingapore dollars thousands | 127 | PDF p. 86 |
| Inventories written offSingapore dollars thousands | 8 | PDF p. 86 |
| Loss/(Gain) on termination of lease liabilitiesSingapore dollars thousands | (14) | PDF p. 86 |
| Net finance expensesSingapore dollars thousands | 4,565 | PDF p. 86 |
| Property, plant and equipment written offSingapore dollars thousands | 6 | PDF p. 86 |
| Provision for onerous contractsSingapore dollars thousands | – | PDF p. 86 |
| Provision for rectification costsSingapore dollars thousands | 1,339 | PDF p. 86 |
| Share of loss of associates (net of tax)Singapore dollars thousands | 84 | PDF p. 86 |
| Tax expense/(credit)Singapore dollars thousands | (284) | PDF p. 86 |
| SubtotalSingapore dollars thousands | 3,698 | PDF p. 86 |
| Changes in: | ||
| – InventoriesSingapore dollars thousands | 3,918 | PDF p. 86 |
| – Contract assetsSingapore dollars thousands | 5,629 | PDF p. 86 |
| – Trade and other receivablesSingapore dollars thousands | (21,437) | PDF p. 86 |
| – Contract liabilitiesSingapore dollars thousands | 181 | PDF p. 86 |
| – Trade and other payablesSingapore dollars thousands | 21,669 | PDF p. 86 |
| – Provision utilised for onerous contractsSingapore dollars thousands | (631) | PDF p. 86 |
| – Provision utilised for rectification costsSingapore dollars thousands | (2,220) | PDF p. 86 |
| Cash generated from operationsSingapore dollars thousands | 10,807 | PDF p. 86 |
| Taxes paidSingapore dollars thousands | (406) | PDF p. 86 |
| Interest receivedSingapore dollars thousands | 196 | PDF p. 86 |
| Net cash from operating activitiesSingapore dollars thousands | 10,597 | PDF p. 86 |
| Cash flows from investing activities | ||
| Acquisition of: – property, plant and equipmentSingapore dollars thousands | (9,524) | PDF p. 87 |
| – investment propertySingapore dollars thousands | – | PDF p. 87 |
| Proceeds from disposal of: – property, plant and equipmentSingapore dollars thousands | 3,777 | PDF p. 87 |
| – investment propertySingapore dollars thousands | – | PDF p. 87 |
| – other investmentsSingapore dollars thousands | – | PDF p. 87 |
| – assets held for saleSingapore dollars thousands | – | PDF p. 87 |
| Loans to associatesSingapore dollars thousands | – | PDF p. 87 |
| Net cash used in investing activitiesSingapore dollars thousands | (5,747) | PDF p. 87 |
| Cash flows from financing activities | ||
| Interest paidSingapore dollars thousands | (5,447) | PDF p. 87 |
| Acquisition of non-controlling interests of a subsidiarySingapore dollars thousands | – | PDF p. 87 |
| Dividends paid to non-controlling interests of a subsidiarySingapore dollars thousands | (150) | PDF p. 87 |
| Proceeds from: – bank loansSingapore dollars thousands | 12,612 | PDF p. 87 |
| – refinancing of lease liabilitiesSingapore dollars thousands | – | PDF p. 87 |
| – bills payableSingapore dollars thousands | 140,143 | PDF p. 87 |
| – issuance of commercial papersSingapore dollars thousands | – | PDF p. 87 |
| Purchase of treasury sharesSingapore dollars thousands | (128) | PDF p. 87 |
| Repayment of: – bank loansSingapore dollars thousands | (15,350) | PDF p. 87 |
| – bills payableSingapore dollars thousands | (133,297) | PDF p. 87 |
| – commercial papersSingapore dollars thousands | – | PDF p. 87 |
| – lease liabilitiesSingapore dollars thousands | (16,254) | PDF p. 87 |
| Changes in fixed deposit pledgedSingapore dollars thousands | (904) | PDF p. 87 |
| Net cash used in financing activitiesSingapore dollars thousands | (18,775) | PDF p. 87 |
| Net decrease in cash and cash equivalentsSingapore dollars thousands | (13,925) | PDF p. 87 |
| Cash and cash equivalents at 1 AprilSingapore dollars thousands | 31,366 | PDF p. 87 |
| Effect of exchange rate fluctuations on cash heldSingapore dollars thousands | (688) | PDF p. 87 |
| Cash and cash equivalents at 31 MarchSingapore dollars thousands | 16,753 | PDF p. 87 |
Definitions & sources
Original report: PDF p. 86 ↗ PDF p. 87 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group financial position
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 124,723 | PDF p. 81 |
| Right-of-use assetsSingapore dollars thousands | 41,227 | PDF p. 81 |
| GoodwillSingapore dollars thousands | 552 | PDF p. 81 |
| Investment propertySingapore dollars thousands | 115 | PDF p. 81 |
| Investments in: | ||
| – subsidiariesSingapore dollars thousands | – | PDF p. 81 |
| – associatesSingapore dollars thousands | 8,175 | PDF p. 81 |
| Other investmentsSingapore dollars thousands | – | PDF p. 81 |
| Contract assetsSingapore dollars thousands | 618 | PDF p. 81 |
| Trade and other receivablesSingapore dollars thousands | 12,619 | PDF p. 81 |
| Deferred tax assetsSingapore dollars thousands | 37 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 188,066 | PDF p. 81 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 24,519 | PDF p. 81 |
| Contract assetsSingapore dollars thousands | 66,721 | PDF p. 81 |
| Trade and other receivablesSingapore dollars thousands | 79,339 | PDF p. 81 |
| Tax recoverableSingapore dollars thousands | 416 | PDF p. 81 |
| Cash and cash equivalentsSingapore dollars thousands | 22,804 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 193,799 | PDF p. 81 |
| Assets held for saleSingapore dollars thousands | 755 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 194,554 | PDF p. 81 |
| Total assetsSingapore dollars thousands | 382,620 | PDF p. 81 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 94,089 | PDF p. 81 |
| ReservesSingapore dollars thousands | 4,963 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 99,052 | PDF p. 81 |
| Non-controlling interestsSingapore dollars thousands | 25,303 | PDF p. 81 |
| Total equitySingapore dollars thousands | 124,355 | PDF p. 81 |
| Non-current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 59,563 | PDF p. 81 |
| Trade and other payablesSingapore dollars thousands | 10,875 | PDF p. 81 |
| ProvisionsSingapore dollars thousands | 60 | PDF p. 81 |
| Deferred tax liabilitiesSingapore dollars thousands | 1,729 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 72,227 | PDF p. 81 |
| Current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 77,130 | PDF p. 81 |
| Contract liabilitiesSingapore dollars thousands | 480 | PDF p. 81 |
| Trade and other payablesSingapore dollars thousands | 103,724 | PDF p. 81 |
| ProvisionsSingapore dollars thousands | 4,360 | PDF p. 81 |
| Current tax payableSingapore dollars thousands | 344 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 186,038 | PDF p. 81 |
| Total liabilitiesSingapore dollars thousands | 258,265 | PDF p. 81 |
| Total equity and liabilitiesSingapore dollars thousands | 382,620 | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Company financial position
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / year ended 31 March 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | – | PDF p. 81 |
| Right-of-use assetsSingapore dollars thousands | 36,620 | PDF p. 81 |
| GoodwillSingapore dollars thousands | – | PDF p. 81 |
| Investment propertySingapore dollars thousands | – | PDF p. 81 |
| Investments in: | ||
| – subsidiariesSingapore dollars thousands | 97,904 | PDF p. 81 |
| – associatesSingapore dollars thousands | – | PDF p. 81 |
| Other investmentsSingapore dollars thousands | – | PDF p. 81 |
| Contract assetsSingapore dollars thousands | – | PDF p. 81 |
| Trade and other receivablesSingapore dollars thousands | 9,222 | PDF p. 81 |
| Deferred tax assetsSingapore dollars thousands | 402 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 144,148 | PDF p. 81 |
| Current assets | ||
| InventoriesSingapore dollars thousands | – | PDF p. 81 |
| Contract assetsSingapore dollars thousands | – | PDF p. 81 |
| Trade and other receivablesSingapore dollars thousands | 19,425 | PDF p. 81 |
| Tax recoverableSingapore dollars thousands | – | PDF p. 81 |
| Cash and cash equivalentsSingapore dollars thousands | 711 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 20,136 | PDF p. 81 |
| Assets held for saleSingapore dollars thousands | – | PDF p. 81 |
| SubtotalSingapore dollars thousands | 20,136 | PDF p. 81 |
| Total assetsSingapore dollars thousands | 164,284 | PDF p. 81 |
| Equity attributable to owners of the Company | ||
| Share capitalSingapore dollars thousands | 94,089 | PDF p. 81 |
| ReservesSingapore dollars thousands | 14,900 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 108,989 | PDF p. 81 |
| Non-controlling interestsSingapore dollars thousands | – | PDF p. 81 |
| Total equitySingapore dollars thousands | 108,989 | PDF p. 81 |
| Non-current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 37,534 | PDF p. 81 |
| Trade and other payablesSingapore dollars thousands | – | PDF p. 81 |
| ProvisionsSingapore dollars thousands | 60 | PDF p. 81 |
| Deferred tax liabilitiesSingapore dollars thousands | – | PDF p. 81 |
| SubtotalSingapore dollars thousands | 37,594 | PDF p. 81 |
| Current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 2,442 | PDF p. 81 |
| Contract liabilitiesSingapore dollars thousands | – | PDF p. 81 |
| Trade and other payablesSingapore dollars thousands | 15,259 | PDF p. 81 |
| ProvisionsSingapore dollars thousands | – | PDF p. 81 |
| Current tax payableSingapore dollars thousands | – | PDF p. 81 |
| SubtotalSingapore dollars thousands | 17,701 | PDF p. 81 |
| Total liabilitiesSingapore dollars thousands | 55,295 | PDF p. 81 |
| Total equity and liabilitiesSingapore dollars thousands | 164,284 | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2023 / components 1–3
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 / Share capital | 2023Group / year ended 31 March 2023 / Capital reserve | 2023Group / year ended 31 March 2023 / Reserve for own shares | Source |
|---|---|---|---|---|
| Group changes in equity | ||||
| At 1 April 2022Singapore dollars thousands | 94,089 | 17,798 | (2,921) | PDF p. 84 |
| Total comprehensive income/(expense) for the year | ||||
| Loss for the yearSingapore dollars thousands | – | – | – | PDF p. 84 |
| Other comprehensive income | ||||
| Foreign currency translation differencesSingapore dollars thousands | – | – | – | PDF p. 84 |
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 84 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 84 |
| Total other comprehensive incomeSingapore dollars thousands | – | – | – | PDF p. 84 |
| Total comprehensive income/(expense) for the yearSingapore dollars thousands | – | – | – | PDF p. 84 |
| Contributions by and distributions to owners | ||||
| Purchase of treasury sharesSingapore dollars thousands | – | – | (128) | PDF p. 84 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | PDF p. 84 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | (128) | PDF p. 84 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | (128) | PDF p. 84 |
| At 31 March 2023Singapore dollars thousands | 94,089 | 17,798 | (3,049) | PDF p. 84 |
Definitions & sources
Original report: PDF p. 84 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2023 / components 4–11
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 / Reserve on consolidation | 2023Group / year ended 31 March 2023 / Foreign currency translation reserve | 2023Group / year ended 31 March 2023 / Revaluation reserve | 2023Group / year ended 31 March 2023 / Other reserve | 2023Group / year ended 31 March 2023 / Accumulated profits/(losses) | 2023Group / year ended 31 March 2023 / Total attributable to owners of the Company | 2023Group / year ended 31 March 2023 / Non-controlling interests | 2023Group / year ended 31 March 2023 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group equity component continuation from preceding physical page | |||||||||
| At 1 April 2022Singapore dollars thousands | 116 | (6,713) | 2,249 | (2,334) | 22,771 | 125,055 | 25,703 | 150,758 | PDF p. 85 Label p. 84 |
| Loss for the yearSingapore dollars thousands | – | – | – | – | (26,681) | (26,681) | (423) | (27,104) | PDF p. 85 Label p. 84 |
| Foreign currency translation differencesSingapore dollars thousands | – | 202 | 9 | – | – | 211 | (187) | 24 | PDF p. 85 Label p. 84 |
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | 595 | – | – | 595 | 360 | 955 | PDF p. 85 Label p. 84 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | (178) | – | 178 | – | – | – | PDF p. 85 Label p. 84 |
| Total other comprehensive incomeSingapore dollars thousands | – | 202 | 426 | – | 178 | 806 | 173 | 979 | PDF p. 85 Label p. 84 |
| Total comprehensive income/(expense) for the yearSingapore dollars thousands | – | 202 | 426 | – | (26,503) | (25,875) | (250) | (26,125) | PDF p. 85 Label p. 84 |
| Purchase of treasury sharesSingapore dollars thousands | – | – | – | – | – | (128) | – | (128) | PDF p. 85 Label p. 84 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | – | – | – | (150) | (150) | PDF p. 85 Label p. 84 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | – | – | – | (128) | (150) | (278) | PDF p. 85 Label p. 84 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | – | – | – | (128) | (150) | (278) | PDF p. 85 Label p. 84 |
| At 31 March 2023Singapore dollars thousands | 116 | (6,511) | 2,675 | (2,334) | (3,732) | 99,052 | 25,303 | 124,355 | PDF p. 85 Label p. 84 |
Definitions & sources
Original report: PDF p. 85 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
EPS original profit inputs / 2024
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 | Source |
|---|---|---|
| Original EPS numerator | ||
| Loss attributable to ordinary shareholdersSingapore dollars thousands | (26,681) | PDF p. 146 |
Definitions & sources
Original report: PDF p. 146 ↗
EPS original weighted share base / 2024
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 | Source |
|---|---|---|
| Original EPS share base | ||
| Issued ordinary shares at beginning of the yearShares | 3,588,348,176 | PDF p. 146 |
| Ordinary shares held as treasury sharesShares | (67,901,168) | PDF p. 146 |
| Weighted average number of shares used to compute loss per shareShares | 3,520,447,008 | PDF p. 146 |
Definitions & sources
Original report: PDF p. 146 ↗
These are whole share counts. The source caption can say loss per share even where the current numerator is profit.
Year-end treasury-share holdings / 2024
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group and Company / year ended 31 March 2023 | Source |
|---|---|---|
| Original year-end treasury holdings | ||
| own uncancelled sharesShares | 71,082,000 | PDF p. 132 |
Definitions & sources
Original report: PDF p. 132 ↗
Original comparative bank cash and CFcash / 2024
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 | Source |
|---|---|---|
| Historical bank cash composition and CFcash | ||
| Cash at bank and in handSingapore dollars thousands | 16,376 | PDF p. 131 |
| Fixed depositsSingapore dollars thousands | 6,428 | PDF p. 131 |
| Cash and cash equivalents in the statements of financial positionSingapore dollars thousands | 22,804 | PDF p. 131 |
| Bank overdraftsSingapore dollars thousands | (4,547) | PDF p. 131 |
| Fixed deposits pledgedSingapore dollars thousands | (1,504) | PDF p. 131 |
| Cash and cash equivalents in the consolidated statement of cash flowSingapore dollars thousands | 16,753 | PDF p. 131 |
Definitions & sources
Original report: PDF p. 131 ↗
Original comparative defined gearing / 2024
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 | Source |
|---|---|---|
| Capital management | ||
| Loans and borrowings (excluding lease liabilities associated with right-of-use assets)Singapore dollars thousands | 93,664 | PDF p. 132 |
| Total equitySingapore dollars thousands | 124,355 | PDF p. 132 |
| Gearing ratioPercent | 75 | PDF p. 132 |
Definitions & sources
Original report: PDF p. 132 ↗
Group profit or loss
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 / restated | Source |
|---|---|---|
| Group profit or loss | ||
| RevenueSingapore dollars thousands | 268,740 | PDF p. 82 |
| Cost of salesSingapore dollars thousands | (241,024) | PDF p. 82 |
| Gross profitSingapore dollars thousands | 27,716 | PDF p. 82 |
| Other incomeSingapore dollars thousands | 1,746 | PDF p. 82 |
| Distribution expensesSingapore dollars thousands | (1,213) | PDF p. 82 |
| Administrative expensesSingapore dollars thousands | (24,126) | PDF p. 82 |
| Other operating expensesSingapore dollars thousands | (538) | PDF p. 82 |
| Impairment loss recognised on trade and other receivables and contract assetsSingapore dollars thousands | (986) | PDF p. 82 |
| Results from operating activitiesSingapore dollars thousands | 2,599 | PDF p. 82 |
| Finance incomeSingapore dollars thousands | 1,888 | PDF p. 82 |
| Finance expensesSingapore dollars thousands | (3,149) | PDF p. 82 |
| Net finance expensesSingapore dollars thousands | (1,261) | PDF p. 82 |
| Share of (loss)/profit of associates (net of tax)Singapore dollars thousands | 5,122 | PDF p. 82 |
| (Loss)/Profit before taxSingapore dollars thousands | 6,460 | PDF p. 82 |
| Tax credit/(expense)Singapore dollars thousands | (616) | PDF p. 82 |
| (Loss)/Profit for the yearSingapore dollars thousands | 5,844 | PDF p. 82 |
| (Loss)/Profit attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 5,859 | PDF p. 82 |
| Non-controlling interestsSingapore dollars thousands | (15) | PDF p. 82 |
| (Loss)/Profit for the yearSingapore dollars thousands | 5,844 | PDF p. 82 |
| (Loss)/Earnings per share | ||
| Basic (loss)/earnings per share (cents)Singapore cents per share | 0.16 | PDF p. 82 |
| Diluted (loss)/earnings per share (cents)Singapore cents per share | 0.16 | PDF p. 82 |
Definitions & sources
Original report: PDF p. 82 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group comprehensive income
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 / restated | Source |
|---|---|---|
| Group comprehensive income | ||
| (Loss)/Profit for the yearSingapore dollars thousands | 5,844 | PDF p. 83 |
| Items that will not be reclassified to profit or loss: | ||
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | 1,992 | PDF p. 83 |
| Change in fair value of other investmentSingapore dollars thousands | (161) | PDF p. 83 |
| Items that are or may be reclassified subsequently to profit or loss: | ||
| Foreign currency translation differences – foreign operationsSingapore dollars thousands | (491) | PDF p. 83 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | 1,340 | PDF p. 83 |
| Total comprehensive (expense)/income for the yearSingapore dollars thousands | 7,184 | PDF p. 83 |
| Total comprehensive (expense)/income attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 6,579 | PDF p. 83 |
| Non-controlling interestsSingapore dollars thousands | 605 | PDF p. 83 |
| Total comprehensive (expense)/income for the yearSingapore dollars thousands | 7,184 | PDF p. 83 |
Definitions & sources
Original report: PDF p. 83 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group cash flows
51 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 / restated | Source |
|---|---|---|
| Cash flows from operating activities | ||
| (Loss)/Profit for the yearSingapore dollars thousands | 5,844 | PDF p. 86 |
| Adjustments for: | ||
| Bad debts written offSingapore dollars thousands | 21 | PDF p. 86 |
| Depreciation of: – property, plant and equipmentSingapore dollars thousands | 19,899 | PDF p. 86 |
| – right-of-use assetsSingapore dollars thousands | 4,736 | PDF p. 86 |
| Gain on disposal of property, plant and equipmentSingapore dollars thousands | (993) | PDF p. 86 |
| Gain on termination of lease liabilitiesSingapore dollars thousands | (2) | PDF p. 86 |
| Impairment losses (reversed)/recognised on: – property, plant and equipmentSingapore dollars thousands | 268 | PDF p. 86 |
| – trade and other receivables and contract assetsSingapore dollars thousands | 986 | PDF p. 86 |
| Inventories written downSingapore dollars thousands | 38 | PDF p. 86 |
| Inventories written offSingapore dollars thousands | 1 | PDF p. 86 |
| Net finance expensesSingapore dollars thousands | 1,261 | PDF p. 86 |
| Property, plant and equipment written offSingapore dollars thousands | 63 | PDF p. 86 |
| Provision for onerous contractsSingapore dollars thousands | 157 | PDF p. 86 |
| Provision for rectification costsSingapore dollars thousands | 32 | PDF p. 86 |
| Share of loss/(profit) of associates (net of tax)Singapore dollars thousands | (5,122) | PDF p. 86 |
| Tax (credit)/expenseSingapore dollars thousands | 616 | PDF p. 86 |
| SubtotalSingapore dollars thousands | 27,805 | PDF p. 86 |
| Changes in: | ||
| – InventoriesSingapore dollars thousands | 4,780 | PDF p. 86 |
| – Contract assetsSingapore dollars thousands | (10,459) | PDF p. 86 |
| – Trade and other receivablesSingapore dollars thousands | (10,293) | PDF p. 86 |
| – Contract liabilitiesSingapore dollars thousands | (275) | PDF p. 86 |
| – Trade and other payablesSingapore dollars thousands | 8,825 | PDF p. 86 |
| – Provision utilised for onerous contractsSingapore dollars thousands | (57) | PDF p. 86 |
| – Provision utilised for rectification costsSingapore dollars thousands | (2,007) | PDF p. 86 |
| Cash generated from operationsSingapore dollars thousands | 18,319 | PDF p. 86 |
| Taxes paidSingapore dollars thousands | (199) | PDF p. 86 |
| Interest receivedSingapore dollars thousands | 135 | PDF p. 86 |
| Net cash generated from operating activitiesSingapore dollars thousands | 18,255 | PDF p. 86 |
| Cash flows from investing activities | ||
| Acquisition of: – property, plant and equipmentSingapore dollars thousands | (14,660) | PDF p. 87 |
| – investment propertySingapore dollars thousands | (4) | PDF p. 87 |
| – a subsidiary, net of cash acquiredSingapore dollars thousands | 32 | PDF p. 87 |
| Proceeds from disposal of: – property, plant and equipmentSingapore dollars thousands | 2,145 | PDF p. 87 |
| – investment propertySingapore dollars thousands | 28 | PDF p. 87 |
| Dividends received from an associateSingapore dollars thousands | 70 | PDF p. 87 |
| Net cash used in investing activitiesSingapore dollars thousands | (12,389) | PDF p. 87 |
| Cash flows from financing activities | ||
| Interest paidSingapore dollars thousands | (2,989) | PDF p. 87 |
| Acquisition of non-controlling interests of a subsidiarySingapore dollars thousands | (3,292) | PDF p. 87 |
| Dividends paid to non-controlling interests of a subsidiarySingapore dollars thousands | (180) | PDF p. 87 |
| Proceeds from: – bank loansSingapore dollars thousands | 20,966 | PDF p. 87 |
| – refinancing of lease liabilitiesSingapore dollars thousands | 13,184 | PDF p. 87 |
| – bills payableSingapore dollars thousands | 140,938 | PDF p. 87 |
| Purchase of treasury sharesSingapore dollars thousands | (567) | PDF p. 87 |
| Repayment of: – bank loansSingapore dollars thousands | (24,283) | PDF p. 87 |
| – bills payableSingapore dollars thousands | (132,652) | PDF p. 87 |
| – lease liabilitiesSingapore dollars thousands | (16,337) | PDF p. 87 |
| Changes in fixed deposit pledgedSingapore dollars thousands | (450) | PDF p. 87 |
| Net cash used in financing activitiesSingapore dollars thousands | (5,662) | PDF p. 87 |
| Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands | 204 | PDF p. 87 |
| Cash and cash equivalents at 1 AprilSingapore dollars thousands | 31,326 | PDF p. 87 |
| Effect of exchange rate fluctuations on cash heldSingapore dollars thousands | (164) | PDF p. 87 |
| Cash and cash equivalents at 31 MarchSingapore dollars thousands | 31,366 | PDF p. 87 |
Definitions & sources
Original report: PDF p. 86 ↗ PDF p. 87 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group financial position
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 / restated | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 128,642 | PDF p. 81 |
| Right-of-use assetsSingapore dollars thousands | 3,015 | PDF p. 81 |
| GoodwillSingapore dollars thousands | 552 | PDF p. 81 |
| Investment propertySingapore dollars thousands | 122 | PDF p. 81 |
| Investments in: | ||
| – subsidiariesSingapore dollars thousands | – | PDF p. 81 |
| – associatesSingapore dollars thousands | 8,278 | PDF p. 81 |
| Other investmentsSingapore dollars thousands | – | PDF p. 81 |
| Contract assetsSingapore dollars thousands | 12,982 | PDF p. 81 |
| Trade and other receivablesSingapore dollars thousands | 6,961 | PDF p. 81 |
| Deferred tax assetsSingapore dollars thousands | 29 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 160,581 | PDF p. 81 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 27,183 | PDF p. 81 |
| Contract assetsSingapore dollars thousands | 59,841 | PDF p. 81 |
| Trade and other receivablesSingapore dollars thousands | 66,908 | PDF p. 81 |
| Tax recoverableSingapore dollars thousands | 420 | PDF p. 81 |
| Cash and cash equivalentsSingapore dollars thousands | 34,362 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 188,714 | PDF p. 81 |
| Assets held for saleSingapore dollars thousands | – | PDF p. 81 |
| SubtotalSingapore dollars thousands | 188,714 | PDF p. 81 |
| Total assetsSingapore dollars thousands | 349,295 | PDF p. 81 |
| Company | ||
| Share capitalSingapore dollars thousands | 94,089 | PDF p. 81 |
| ReservesSingapore dollars thousands | 30,966 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 125,055 | PDF p. 81 |
| Non-controlling interestsSingapore dollars thousands | 25,703 | PDF p. 81 |
| Total equitySingapore dollars thousands | 150,758 | PDF p. 81 |
| Non-current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 30,293 | PDF p. 81 |
| Trade and other payablesSingapore dollars thousands | 6,389 | PDF p. 81 |
| ProvisionsSingapore dollars thousands | – | PDF p. 81 |
| Deferred tax liabilitiesSingapore dollars thousands | 2,298 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 38,980 | PDF p. 81 |
| Current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 64,729 | PDF p. 81 |
| Contract liabilitiesSingapore dollars thousands | 299 | PDF p. 81 |
| Trade and other payablesSingapore dollars thousands | 88,212 | PDF p. 81 |
| ProvisionsSingapore dollars thousands | 5,872 | PDF p. 81 |
| Current tax payableSingapore dollars thousands | 445 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 159,557 | PDF p. 81 |
| Total liabilitiesSingapore dollars thousands | 198,537 | PDF p. 81 |
| Total equity and liabilitiesSingapore dollars thousands | 349,295 | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Company financial position
38 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / year ended 31 March 2022 / restated | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | – | PDF p. 81 |
| Right-of-use assetsSingapore dollars thousands | 120 | PDF p. 81 |
| GoodwillSingapore dollars thousands | – | PDF p. 81 |
| Investment propertySingapore dollars thousands | – | PDF p. 81 |
| Investments in: | ||
| – subsidiariesSingapore dollars thousands | 89,904 | PDF p. 81 |
| – associatesSingapore dollars thousands | – | PDF p. 81 |
| Other investmentsSingapore dollars thousands | – | PDF p. 81 |
| Contract assetsSingapore dollars thousands | – | PDF p. 81 |
| Trade and other receivablesSingapore dollars thousands | 13,000 | PDF p. 81 |
| Deferred tax assetsSingapore dollars thousands | 579 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 103,603 | PDF p. 81 |
| Current assets | ||
| InventoriesSingapore dollars thousands | – | PDF p. 81 |
| Contract assetsSingapore dollars thousands | – | PDF p. 81 |
| Trade and other receivablesSingapore dollars thousands | 19,718 | PDF p. 81 |
| Tax recoverableSingapore dollars thousands | – | PDF p. 81 |
| Cash and cash equivalentsSingapore dollars thousands | 854 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 20,572 | PDF p. 81 |
| Assets held for saleSingapore dollars thousands | – | PDF p. 81 |
| SubtotalSingapore dollars thousands | 20,572 | PDF p. 81 |
| Total assetsSingapore dollars thousands | 124,175 | PDF p. 81 |
| Company | ||
| Share capitalSingapore dollars thousands | 94,089 | PDF p. 81 |
| ReservesSingapore dollars thousands | 16,921 | PDF p. 81 |
| SubtotalSingapore dollars thousands | 111,010 | PDF p. 81 |
| Non-controlling interestsSingapore dollars thousands | – | PDF p. 81 |
| Total equitySingapore dollars thousands | 111,010 | PDF p. 81 |
| Non-current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 1,669 | PDF p. 81 |
| Trade and other payablesSingapore dollars thousands | – | PDF p. 81 |
| ProvisionsSingapore dollars thousands | – | PDF p. 81 |
| Deferred tax liabilitiesSingapore dollars thousands | – | PDF p. 81 |
| SubtotalSingapore dollars thousands | 1,669 | PDF p. 81 |
| Current liabilities | ||
| Loans and borrowingsSingapore dollars thousands | 851 | PDF p. 81 |
| Contract liabilitiesSingapore dollars thousands | – | PDF p. 81 |
| Trade and other payablesSingapore dollars thousands | 10,645 | PDF p. 81 |
| ProvisionsSingapore dollars thousands | – | PDF p. 81 |
| Current tax payableSingapore dollars thousands | – | PDF p. 81 |
| SubtotalSingapore dollars thousands | 11,496 | PDF p. 81 |
| Total liabilitiesSingapore dollars thousands | 13,165 | PDF p. 81 |
| Total equity and liabilitiesSingapore dollars thousands | 124,175 | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2022 / components 1–3
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 / Share capital / restated | 2022Group / year ended 31 March 2022 / Capital reserve / restated | 2022Group / year ended 31 March 2022 / Reserve for own shares / restated | Source |
|---|---|---|---|---|
| Group changes in equity | ||||
| At 1 April 2021Singapore dollars thousands | 94,089 | 17,798 | (2,354) | PDF p. 84 |
| Total comprehensive expense for the year | ||||
| Profit/(Loss) for the year (restated)Singapore dollars thousands | – | – | – | PDF p. 84 |
| Other comprehensive (expense)/income | ||||
| Foreign currency translation differencesSingapore dollars thousands | – | – | – | PDF p. 84 |
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 84 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | – | PDF p. 84 |
| Change in fair value of other investmentSingapore dollars thousands | – | – | – | PDF p. 84 |
| Total other comprehensive (expense)/incomeSingapore dollars thousands | – | – | – | PDF p. 84 |
| Total comprehensive (expense)/income for the year (restated)Singapore dollars thousands | – | – | – | PDF p. 84 |
| Contributions by and distributions to owners | ||||
| Purchase of treasury sharesSingapore dollars thousands | – | – | (567) | PDF p. 84 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | PDF p. 84 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | (567) | PDF p. 84 |
| Changes in ownership interests in a subsidiary | ||||
| Acquisition of non-controlling interests without a change in controlSingapore dollars thousands | – | – | – | PDF p. 84 |
| Total changes in ownership interests in a subsidiarySingapore dollars thousands | – | – | – | PDF p. 84 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | (567) | PDF p. 84 |
| At 31 March 2022 (restated)Singapore dollars thousands | 94,089 | 17,798 | (2,921) | PDF p. 84 |
Definitions & sources
Original report: PDF p. 84 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
Group changes in equity / 2022 / components 4–11
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 / Reserve on consolidation / restated | 2022Group / year ended 31 March 2022 / Foreign currency translation reserve / restated | 2022Group / year ended 31 March 2022 / Revaluation reserve / restated | 2022Group / year ended 31 March 2022 / Other reserve / restated | 2022Group / year ended 31 March 2022 / Accumulated profits/(losses) / restated | 2022Group / year ended 31 March 2022 / Total attributable to owners of the Company / restated | 2022Group / year ended 31 March 2022 / Non-controlling interests / restated | 2022Group / year ended 31 March 2022 / Total equity / restated | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group equity component continuation from preceding physical page | |||||||||
| At 1 April 2021Singapore dollars thousands | 116 | (6,425) | 1,385 | (920) | 16,768 | 120,457 | 27,234 | 147,691 | PDF p. 85 Label p. 84 |
| Profit/(Loss) for the year (restated)Singapore dollars thousands | – | – | – | – | 5,859 | 5,859 | (15) | 5,844 | PDF p. 85 Label p. 84 |
| Foreign currency translation differencesSingapore dollars thousands | – | (288) | – | – | – | (288) | (203) | (491) | PDF p. 85 Label p. 84 |
| Revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | 1,910 | – | – | 1,910 | 82 | 1,992 | PDF p. 85 Label p. 84 |
| Transfer of revaluation surplus of property, plant and equipmentSingapore dollars thousands | – | – | (885) | – | 144 | (741) | 741 | – | PDF p. 85 Label p. 84 |
| Change in fair value of other investmentSingapore dollars thousands | – | – | (161) | – | – | (161) | – | (161) | PDF p. 85 Label p. 84 |
| Total other comprehensive (expense)/incomeSingapore dollars thousands | – | (288) | 864 | – | 144 | 720 | 620 | 1,340 | PDF p. 85 Label p. 84 |
| Total comprehensive (expense)/income for the year (restated)Singapore dollars thousands | – | (288) | 864 | – | 6,003 | 6,579 | 605 | 7,184 | PDF p. 85 Label p. 84 |
| Purchase of treasury sharesSingapore dollars thousands | – | – | – | – | – | (567) | – | (567) | PDF p. 85 Label p. 84 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | – | – | – | – | – | – | (180) | (180) | PDF p. 85 Label p. 84 |
| Total contributions by and distributions to ownersSingapore dollars thousands | – | – | – | – | – | (567) | (180) | (747) | PDF p. 85 Label p. 84 |
| Acquisition of non-controlling interests without a change in controlSingapore dollars thousands | – | – | – | (1,414) | – | (1,414) | (1,956) | (3,370) | PDF p. 85 Label p. 84 |
| Total changes in ownership interests in a subsidiarySingapore dollars thousands | – | – | – | (1,414) | – | (1,414) | (1,956) | (3,370) | PDF p. 85 Label p. 84 |
| Total transactions with owners of the CompanySingapore dollars thousands | – | – | – | (1,414) | – | (1,981) | (2,136) | (4,117) | PDF p. 85 Label p. 84 |
| At 31 March 2022 (restated)Singapore dollars thousands | 116 | (6,713) | 2,249 | (2,334) | 22,771 | 125,055 | 25,703 | 150,758 | PDF p. 85 Label p. 84 |
Definitions & sources
Original report: PDF p. 85 ↗
Primary periods end on 31 March. Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Group and Company scopes remain distinct.
Four official annual reports provide five primary years FY2022–FY2026. Latest available comparative columns are selected. No separate Company income, comprehensive income, changes in equity or cash-flow statements are printed.
FY2022 Group comparisons in the FY2023 report are restated for the investment-property accounting-policy change. The additional 1 April 2021 opening balance-sheet column is outside the five target years.
Group equity schedules are split across adjacent physical pages: three components on the left and eight on the right. Exact original captions are bound to the same native row baseline and both page hashes. All original amount cells remain on their printed source page.
The official 22 July 2026 revision replaces only the FY2026 summary after-tax profit of 3.3 million with 2.9 million. The original primary net profit is 2,858 thousand; its value is unchanged. The superseded full annual and one-page corrigendum are archived separately.
EPS original profit inputs / 2023
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 | Source |
|---|---|---|
| Original EPS numerator | ||
| (Loss)/Profit attributable to ordinary shareholdersSingapore dollars thousands | 5,859 | PDF p. 153 |
Definitions & sources
Original report: PDF p. 153 ↗
EPS original weighted share base / 2023
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 | Source |
|---|---|---|
| Original EPS share base | ||
| Issued ordinary shares at beginning of the yearShares | 3,588,348,176 | PDF p. 153 |
| Ordinary shares held as treasury sharesShares | (30,946,027) | PDF p. 153 |
| Weighted average number of shares used to compute (loss)/earnings per shareShares | 3,557,402,149 | PDF p. 153 |
Definitions & sources
Original report: PDF p. 153 ↗
These are whole share counts. The source caption can say loss per share even where the current numerator is profit.
Year-end treasury-share holdings / 2023
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group and Company / year ended 31 March 2022 | Source |
|---|---|---|
| Original year-end treasury holdings | ||
| own uncancelled sharesShares | 60,920,000 | PDF p. 139 |
Definitions & sources
Original report: PDF p. 139 ↗
Original comparative bank cash and CFcash / 2023
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 | Source |
|---|---|---|
| Historical bank cash composition and CFcash | ||
| Cash at bank and in handSingapore dollars thousands | 30,858 | PDF p. 138 |
| Fixed depositsSingapore dollars thousands | 3,504 | PDF p. 138 |
| Cash and cash equivalents in the statements of financial positionSingapore dollars thousands | 34,362 | PDF p. 138 |
| Bank overdraftsSingapore dollars thousands | (2,396) | PDF p. 138 |
| Fixed deposits pledgedSingapore dollars thousands | (600) | PDF p. 138 |
| Cash and cash equivalents in the consolidated statement of cash flowSingapore dollars thousands | 31,366 | PDF p. 138 |
Definitions & sources
Original report: PDF p. 138 ↗
Original comparative defined gearing / 2023
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 | Source |
|---|---|---|
| Capital management | ||
| Loans and borrowings (excluding lease liabilities associated with right-of-use assets)Singapore dollars thousands | 91,949 | PDF p. 139 |
| Total equitySingapore dollars thousands | 150,758 | PDF p. 139 |
| Gearing ratioPercent | 61 | PDF p. 139 |
Definitions & sources
Original report: PDF p. 139 ↗
FY2022 investment-property restatement / financial position
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / As previously reported | 2022Group / Accounting-policy adjustment | 2022Group / As restated | Source |
|---|---|---|---|---|
| FY2022 investment-property restatement / financial position | ||||
| Investment in associates*Singapore dollars thousands | 3,080 | 5,198 | 8,278 | PDF p. 91 |
| OthersSingapore dollars thousands | 341,017 | – | 341,017 | PDF p. 91 |
| Total assetsSingapore dollars thousands | 344,097 | 5,198 | 349,295 | PDF p. 91 |
| ReservesSingapore dollars thousands | 25,768 | 5,198 | 30,966 | PDF p. 91 |
| OthersSingapore dollars thousands | 119,792 | – | 119,792 | PDF p. 91 |
| Total equitySingapore dollars thousands | 145,560 | 5,198 | 150,758 | PDF p. 91 |
Definitions & sources
Original report: PDF p. 91 ↗
The Group changed investment-property measurement from cost to fair value from 1 April 2022 and applied the change retrospectively. The main impact was fair-value changes in an associate investment property; FY2022 adjustments are 5,198 thousand.
FY2022 investment-property restatement / profit or loss
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / As previously reported | 2022Group / Accounting-policy adjustment | 2022Group / As restated | Source |
|---|---|---|---|---|
| FY2022 investment-property restatement / profit or loss | ||||
| Share of (loss)/profit or associates*Singapore dollars thousands | (76) | 5,198 | 5,122 | PDF p. 92 |
| OthersSingapore dollars thousands | 722 | – | 722 | PDF p. 92 |
| Profit for the yearSingapore dollars thousands | 646 | 5,198 | 5,844 | PDF p. 92 |
| Profit/(Loss) attributable to: | ||||
| – Owners of the CompanySingapore dollars thousands | 661 | 5,198 | 5,859 | PDF p. 92 |
| – Non-controlling interestsSingapore dollars thousands | (15) | – | (15) | PDF p. 92 |
| Profit for the yearSingapore dollars thousands | 646 | 5,198 | 5,844 | PDF p. 92 |
Definitions & sources
Original report: PDF p. 92 ↗
The Group changed investment-property measurement from cost to fair value from 1 April 2022 and applied the change retrospectively. The main impact was fair-value changes in an associate investment property; FY2022 adjustments are 5,198 thousand.
FY2022 investment-property restatement / comprehensive income
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / As previously reported | 2022Group / Accounting-policy adjustment | 2022Group / As restated | Source |
|---|---|---|---|---|
| FY2022 investment-property restatement / comprehensive income | ||||
| Total comprehensive income for the yearSingapore dollars thousands | 1,986 | 5,198 | 7,184 | PDF p. 92 |
| Total comprehensive income attributable to: | ||||
| – Owners of the CompanySingapore dollars thousands | 1,381 | 5,198 | 6,579 | PDF p. 92 |
| – Non-controlling interestsSingapore dollars thousands | 605 | – | 605 | PDF p. 92 |
| Total comprehensive income for the yearSingapore dollars thousands | 1,986 | 5,198 | 7,184 | PDF p. 92 |
Definitions & sources
Original report: PDF p. 92 ↗
The Group changed investment-property measurement from cost to fair value from 1 April 2022 and applied the change retrospectively. The main impact was fair-value changes in an associate investment property; FY2022 adjustments are 5,198 thousand.
Where the money comes from
Segment information
By business
Note 31(a) Business segments - Information about reportable segments 21 lines
| Item / unit | 2026Foundation and geotechnical engineering | 2025Foundation and geotechnical engineering | 2026Sales and lease of equipment | 2025Sales and lease of equipment | 2026Total reportable segments | 2025Total reportable segments | Source |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue from contracts with customers$'000 | 340,667 | 283,016 | 45,926 | 41,306 | 386,593 | 324,322 | PDF p. 161 |
| Rental income$'000 | 71 | 32 | 13,733 | 13,457 | 13,804 | 13,489 | PDF p. 161 |
| External revenue$'000 | 340,738 | 283,048 | 59,659 | 54,763 | 400,397 | 337,811 | PDF p. 161 |
| Inter-segment revenue$'000 | – | – | 1,511 | 1,944 | 1,511 | 1,944 | PDF p. 161 |
| Results | |||||||
| Finance income$'000 | 122 | 278 | 34 | 160 | 156 | 438 | PDF p. 161 |
| Finance expenses$'000 | (3,141) | (3,577) | (1,102) | (1,686) | (4,243) | (5,263) | PDF p. 161 |
| Reportable segment profit/ (loss) before tax$'000 | 3,283 | 1,492 | (791) | 184 | 2,492 | 1,676 | PDF p. 161 |
| Assets | |||||||
| Reportable segment assets$'000 | 227,936 | 218,756 | 110,989 | 121,296 | 338,925 | 340,052 | PDF p. 161 |
| Capital expenditure | |||||||
| Capital expenditure$'000 | 16,348 | 18,007 | 733 | 864 | 17,081 | 18,871 | PDF p. 161 |
| Liabilities | |||||||
| Reportable segment liabilities$'000 | 167,754 | 164,914 | 60,797 | 69,583 | 228,551 | 234,497 | PDF p. 161 |
| Other material items | |||||||
| Depreciation of property, plant and equipment$'000 | (11,700) | (10,330) | (5,369) | (5,997) | (17,069) | (16,327) | PDF p. 161 |
| Depreciation of right-of-use assets$'000 | (2,599) | (2,382) | (417) | (422) | (3,016) | (2,804) | PDF p. 161 |
| Other material items - Impairment losses (recognised)/reversed on | |||||||
| – property, plant and equipment$'000 | – | – | (97) | (2) | (97) | (2) | PDF p. 161 |
| – trade and other receivables and contract assets$'000 | 99 | 77 | (341) | (14) | (242) | 63 | PDF p. 161 |
| – assets held for sale$'000 | – | (500) | (294) | (204) | (294) | (704) | PDF p. 161 |
| Other material items - Gain on disposal of | |||||||
| – property, plant and equipment$'000 | 156 | 465 | 248 | 958 | 404 | 1,423 | PDF p. 161 |
| – assets held for sale$'000 | 9 | 368 | 16 | 1 | 25 | 369 | PDF p. 161 |
| Other material items | |||||||
| Inventories written down$'000 | – | – | (132) | (51) | (132) | (51) | PDF p. 161 |
| Inventories written off$'000 | – | – | (32) | – | (32) | – | PDF p. 161 |
| Property, plant and equipment written off$'000 | (100) | – | – | (61) | (100) | (61) | PDF p. 161 |
| Provision for rectification costs$'000 | (2,716) | (2,331) | – | – | (2,716) | (2,331) | PDF p. 161 |
Notes
Two reportable segments; other segments (sale and sublet of land, property development, fabrication/repair/maintenance of heavy machinery) did not meet quantitative thresholds in 2026 or 2025. Performance measured on segment profit before tax. Year ended 31 March 2026.
Note 31(a) Reconciliations of reportable segment revenue, finance items, profit before tax, depreciation and assets 24 lines
| Item / unit | 2026Group reconciliation | 2025Group reconciliation | Source |
|---|---|---|---|
| Revenue | |||
| Total revenue for reportable segments$'000 | 401,908 | 339,755 | PDF p. 162 |
| Revenue for other segments$'000 | – | – | PDF p. 162 |
| Elimination of inter-segment revenue$'000 | (1,511) | (1,944) | PDF p. 162 |
| Consolidated revenue$'000 | 400,397 | 337,811 | PDF p. 162 |
| Finance income | |||
| Total finance income for reportable segments$'000 | 156 | 438 | PDF p. 162 |
| Finance income for other segments$'000 | * | * | PDF p. 162 |
| Finance expenses | |||
| Total finance expenses for reportable segments$'000 | (4,243) | (5,263) | PDF p. 162 |
| Finance expenses for other segments$'000 | (1,938) | (1,777) | PDF p. 162 |
| Profit or loss before tax | |||
| Total profit before tax for reportable segments$'000 | 2,492 | 1,676 | PDF p. 162 |
| Loss before tax for other segments$'000 | – | (47) | PDF p. 162 |
| Elimination of inter-segment transactions$'000 | 11,010 | 10,917 | PDF p. 162 |
| Profit or loss before tax - Unallocated amount | |||
| –other corporate expenses$'000 | (11,169) | (10,754) | PDF p. 162 |
| Profit or loss before tax | |||
| Share of profit of associates$'000 | 935 | 855 | PDF p. 162 |
| Consolidated profit before tax$'000 | 3,268 | 2,647 | PDF p. 162 |
| Depreciation of property, plant and equipment | |||
| Depreciation expenses for other segments$'000 | (561) | (628) | PDF p. 162 |
| Depreciation of right-of-use assets | |||
| Depreciation expenses for other segments$'000 | (2,405) | (2,405) | PDF p. 162 |
| Assets | |||
| Total assets for reportable segments$'000 | 338,925 | 340,052 | PDF p. 162 |
| Assets for other segments$'000 | 12,856 | 12,800 | PDF p. 162 |
| Investments in associates$'000 | 9,256 | 8,249 | PDF p. 162 |
| Investments in joint ventures$'000 | 464 | – | PDF p. 162 |
| Deferred tax assets$'000 | 102 | 101 | PDF p. 162 |
| Tax recoverable$'000 | 116 | 300 | PDF p. 162 |
| Other unallocated amounts$'000 | 32,496 | 34,801 | PDF p. 162 |
| Consolidated total assets$'000 | 394,215 | 396,303 | PDF p. 162 |
Notes
* Less than $1,000
Subtotal lines (e.g. 351,781/352,852 assets; 231,352/237,710 liabilities; 17,630/16,955 and 5,421/5,209 depreciation) are printed unlabelled and not extracted.
Note 31(a) Reconciliation of liabilities 6 lines
| Item / unit | 2026Group reconciliation | 2025Group reconciliation | Source |
|---|---|---|---|
| Liabilities | |||
| Total liabilities for reportable segments$'000 | 228,551 | 234,497 | PDF p. 163 |
| Liabilities for other segments$'000 | 2,801 | 3,213 | PDF p. 163 |
| Deferred tax liabilities$'000 | 563 | 1,038 | PDF p. 163 |
| Current tax payable$'000 | 531 | 349 | PDF p. 163 |
| Other unallocated amounts$'000 | 52,779 | 49,844 | PDF p. 163 |
| Consolidated total liabilities$'000 | 285,225 | 288,941 | PDF p. 163 |
Notes
There are no reconciling items with respect to the other items.
By geography
Note 31(b) Geographical segments 6 lines
| Item / unit | 2026Revenue from external customers | 2026Non-current assets | 2025Revenue from external customers | 2025Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical segments | |||||
| Singapore$'000 | 329,023 | 144,375 | 277,393 | 139,850 | PDF p. 163 |
| Malaysia$'000 | 44,971 | 8,360 | 37,849 | 8,889 | PDF p. 163 |
| India$'000 | 19,759 | 280 | 18,407 | 230 | PDF p. 163 |
| Thailand$'000 | 2,758 | 4,186 | 1,511 | 4,800 | PDF p. 163 |
| Other regions$'000 | 3,886 | 4,543 | 2,651 | 5,416 | PDF p. 163 |
| Consolidated$'000 | 400,397 | 161,744 | 337,811 | 159,185 | PDF p. 163 |
Notes
Segment revenue is based on the geographical location of customers and segment assets on the geographical location of the assets. Non-current assets consist of property, plant and equipment, right-of-use assets, goodwill, investment property, investments in associates, joint ventures and other investments.
No major customers account solely for 10% or more of Group total revenues.
Debt
Borrowings
Terms and debt repayment schedule (nominal interest rate, year of maturity, face value and carrying amount)
| Item / unit | 2026Face value, $'000 | 2026Carrying amount, $'000 | 2025Face value, $'000 | 2025Carrying amount, $'000 | Source |
|---|---|---|---|---|---|
| Group | |||||
| Secured floating rate bank loans$'000 | 3,702 | 3,702 | 4,582 | 4,582 | PDF p. 132 |
| Unsecured fixed rate bank loans$'000 | 8,642 | 8,638 | 9,632 | 9,607 | PDF p. 132 |
| Lease liabilities$'000 | 67,008 | 58,836 | 58,757 | 50,099 | PDF p. 132 |
| Unsecured bank overdrafts$'000 | 2,802 | 2,802 | 2,444 | 2,444 | PDF p. 132 |
| Bills payable$'000 | 39,535 | 39,535 | 56,819 | 56,819 | PDF p. 132 |
| Group total$'000 | 140,139 | 131,963 | 147,854 | 139,171 | PDF p. 132 |
| Company | |||||
| Unsecured fixed rate bank loan$'000 | – | – | 130 | 130 | PDF p. 132 |
| Lease liabilities$'000 | 39,553 | 32,949 | 42,459 | 34,838 | PDF p. 132 |
| Commercial papers$'000 | 19,950 | 19,950 | 14,670 | 14,670 | PDF p. 132 |
| Company total$'000 | 59,503 | 52,899 | 57,259 | 49,638 | PDF p. 132 |
Notes
Nominal interest rates (%) / year of maturity as printed: Secured floating rate bank loans BFR + 0.75, SORA + 2.41 – 4.00, 2027 – 2031 (2025 same); Secured fixed rate bank loans 2.37 – 2.38, 2027 (2025: 3.98 – 6.34, 2026); Unsecured fixed rate bank loans 2.78 – 6.02, 2027 (2025: 2.00 – 6.53, 2026 – 2027); Group lease liabilities 1.80 – 7.75, 2027 – 2039 (2025: same, 2026 – 2039); Unsecured bank overdrafts BFR and BLR + 1.25, on demand; Bills payable COF + 1.75 – 2.75, 2027 (2025: COF + 1.50 – 2.75, 2026); Commercial papers 4.10 – 4.60, 2027 (2025: 5.20 – 5.60, 2026); Company unsecured fixed rate bank loan Nil (2025: 2.00, 2026); Company lease liabilities 3.00 – 4.00, 2027 – 2039 (2025: 3.00 – 3.25, 2026 – 2039). Issued commercial papers during the year carried 4.1% to 5.2% (2025: 5.2% to 5.7%).
BLR: Base Lending Rate; BFR: Base Financing Rate; COF: Cost of Funds; SORA: Singapore Overnight Rate Average.
Currency: Singapore dollars ($'000).
Liquidity risk – contractual maturities of financial liabilities, Group
| Item / unit | 2026Carrying amount, $'000 | 2026Contractual cash flows, $'000 | 2026Within 1 year, $'000 | 2026Within 2 to 5 years, $'000 | 2026More than 5 years, $'000 | Source |
|---|---|---|---|---|---|---|
| Group 2026 Non-derivative financial liabilities | ||||||
| Secured bank loans$'000 | 4,702 | (4,911) | (4,098) | (751) | (62) | PDF p. 151 |
| Unsecured bank loans$'000 | 8,638 | (8,699) | (8,699) | – | – | PDF p. 151 |
| Lease liabilities$'000 | 58,836 | (67,008) | (16,630) | (26,347) | (24,031) | PDF p. 151 |
| Bank overdrafts$'000 | 2,802 | (3,020) | (3,020) | – | – | PDF p. 151 |
| Bills payable$'000 | 39,535 | (39,962) | (39,962) | – | – | PDF p. 151 |
| Commercial papers$'000 | 17,450 | (17,808) | (17,808) | – | – | PDF p. 151 |
| Group 2025 Non-derivative financial liabilities | ||||||
| Secured bank loans$'000 | 7,532 | (8,018) | (4,151) | (3,631) | (236) | PDF p. 151 |
| Unsecured bank loans$'000 | 9,607 | (9,683) | (9,497) | (186) | – | PDF p. 151 |
| Lease liabilities$'000 | 50,099 | (58,757) | (11,517) | (19,876) | (27,364) | PDF p. 151 |
| Bank overdrafts$'000 | 2,444 | (2,641) | (2,641) | – | – | PDF p. 151 |
| Bills payable$'000 | 56,819 | (57,667) | (57,667) | – | – | PDF p. 151 |
| Commercial papers$'000 | 12,670 | (12,850) | (12,850) | – | – | PDF p. 151 |
Notes
Amounts are gross and undiscounted, include contractual interest payments and exclude the impact of netting agreements. The 2025 rows use the same five columns (Group 2025); the column list shows the 2026 set, and the 2025 section rows carry the identical column order. Trade and other payables and total rows omitted as not borrowings.
Liquidity risk – contractual maturities of financial liabilities, Company
| Item / unit | 2026Carrying amount, $'000 | 2026Contractual cash flows, $'000 | 2026Within 1 year, $'000 | 2026Within 2 to 5 years, $'000 | 2026More than 5 years, $'000 | Source |
|---|---|---|---|---|---|---|
| Company 2026 Non-derivative financial liabilities | ||||||
| Lease liabilities$'000 | 32,949 | (39,553) | (2,985) | (12,552) | (24,016) | PDF p. 152 |
| Commercial papers$'000 | 19,950 | (20,365) | (20,365) | – | – | PDF p. 152 |
| Company 2025 Non-derivative financial liabilities | ||||||
| Unsecured bank loan$'000 | 130 | (130) | (130) | – | – | PDF p. 152 |
| Lease liabilities$'000 | 34,838 | (42,459) | (2,929) | (12,288) | (27,242) | PDF p. 152 |
| Commercial papers$'000 | 14,670 | (14,877) | (14,877) | – | – | PDF p. 152 |
Notes
Gross undiscounted cash flows including contractual interest. The 2025 section rows use the same column order for 2025. Intra-group financial guarantee and trade payables omitted.
Borrowing notes 3 tables
Loans and borrowings (non-current and current)
| Item / unit | 2026Group, $'000 | 2025Group, $'000 | 2026Company, $'000 | 2025Company, $'000 | Source |
|---|---|---|---|---|---|
| Non-current liabilities | |||||
| Secured bank loans$'000 | 701 | 3,659 | – | – | PDF p. 131 |
| Unsecured bank loans$'000 | – | 183 | – | – | PDF p. 131 |
| Lease liabilities$'000 | 44,149 | 40,250 | 30,925 | 32,929 | PDF p. 131 |
| Total non-current loans and borrowings$'000 | 44,850 | 44,092 | 30,925 | 32,929 | PDF p. 131 |
| Current liabilities | |||||
| Bank overdrafts$'000 | 2,802 | 2,444 | – | – | PDF p. 131 |
| Bills payable$'000 | 39,535 | 56,819 | – | – | PDF p. 131 |
| Commercial papers$'000 | 17,450 | 12,670 | 19,950 | 14,670 | PDF p. 131 |
| Secured bank loans$'000 | 4,001 | 3,873 | – | – | PDF p. 131 |
| Unsecured bank loans$'000 | 8,638 | 9,424 | – | 130 | PDF p. 131 |
| Lease liabilities$'000 | 14,687 | 9,849 | 2,024 | 1,909 | PDF p. 131 |
| Total current loans and borrowings$'000 | 87,113 | 95,079 | 21,974 | 16,709 | PDF p. 131 |
Notes
Loans and borrowings are guaranteed by the Company, of which $4,670,000 (2025: $8,639,000) is also guaranteed by a related corporation.
Secured bank loans and lease liabilities are secured by: (a) a charge over the Group's land and properties (note 4) with carrying amounts of $12,527,000 (2025: $12,819,000); (b) plant and equipment under hire purchase (note 4) $36,994,000 (2025: $25,309,000); (c) inventories under hire purchase (note 13) $1,128,000 (2025: $805,000); (d) a charge over fixed deposits (note 15) $Nil (2025: $300,000); (e) plant and equipment held for sale under hire purchase (note 16) $Nil (2025: $448,000).
Term loans of $3,702,000 (2025: $4,582,000), of which $2,432,000 (2025: $2,832,000) are subject to covenants: Consolidated Gearing Ratio not more than 1.5 times; Consolidated Debt Service Coverage Ratio not less than 1.2 times. Group complied.
Overdraft note reference 15 appears in the Note column.
Commercial papers: outstanding $19,950,000 (2025: $14,670,000) at 4.1% to 4.6% per annum, maturing 18 June 2026 to 16 September 2026; $2,500,000 (2025: $2,000,000) subscribed by Wisescan Engineering Services Pte Ltd, a 70% owned subsidiary.
Interest rate profile of interest-bearing financial instruments (nominal amount)
| Item / unit | 2026Group, $'000 | 2025Group, $'000 | 2026Company, $'000 | 2025Company, $'000 | Source |
|---|---|---|---|---|---|
| Fixed rate instruments | |||||
| Financial liabilities$'000 | (85,924) | (75,326) | (52,899) | (49,638) | PDF p. 153 |
| Variable rate instruments | |||||
| Financial liabilities$'000 | (47,569) | (65,375) | – | – | PDF p. 153 |
Notes
Financial assets rows omitted. Group does not use derivatives to hedge interest rate risk.
Currency exposure – Loans and borrowings
| Item / unit | 2026Euro, $'000 | 2026US Dollar, $'000 | 2026Chinese Renminbi, $'000 | 2026British Pound, $'000 | 2026Malaysian Ringgit, $'000 | Source |
|---|---|---|---|---|---|---|
| Group 2026 | ||||||
| Loans and borrowings$'000 | (339) | – | – | – | – | PDF p. 154 |
| Group 2025 | ||||||
| Loans and borrowings$'000 | (47) | (2,790) | (66) | – | – | PDF p. 154 |
Notes
The second row is Group 2025 for the same currency columns (Euro, US Dollar, Chinese Renminbi, British Pound, Malaysian Ringgit). Remaining loans are in Singapore dollars (functional currency).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company does not have a formal dividend policy. | Company | PDF p. 67 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| final dividend | 0.037 Singapore cent per share | FY2026 final dividend proposed, one-tier tax-exempt, subject to shareholder approval at 2026 AGM | PDF p. 67 |
| 0.037 cent per qualifying ordinary share (2025: 0.035 cent) | 0.035 cent per share | FY2025 comparative final dividend, exempt (one-tier), Group and Company | PDF p. 130 |
| paid out on | 10 September 2026 | FY26 proposed final dividend, if approved | PDF p. 14 |
| Dividends - tax exempt one-tier | 0.037 cents per share | FY26 vs FY25 0.035; FY22-FY24 nil | PDF p. 30 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| works out to about | 46.25% | FY26 earnings | PDF p. 14 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| KPMG LLP | KPMG LLP | Group and Company, year ended 31 March 2026 | PDF p. 78 |
| Engagement partner | Chu Joon Choong | Group | PDF p. 78 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 (‘the Act’) and Singapore Financial Reporting Standards (International) (‘SFRS(I)s’) so as to give a true and fair view | Group and Company, as at and for the year ended 31 March 2026 | PDF p. 74 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Recognition and measurement of contract revenue, contract costs and related provisions | Contract revenue is derived from the Group’s construction contracts, whose single performance obligation is satisfied over time using the output method, based on surveys of work performed. | Group | PDF p. 74 |
| Impairment of property, plant and equipment and right-of-use assets | As at 31 March 2026, the Group’s net assets value exceeded its market capitalisation by $64 million, which is an indication that the Group’s non-financial assets may be impaired. | Group | PDF p. 75 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern basis of accounting | The financial statements have been prepared on a going concern basis, notwithstanding the Group’s total current liabilities exceeded its total current assets by $6,791,000 as at 31 March 2026. | Group · As at 2026-03-31 | PDF p. 86 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow ANNUAL REPORT 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Primary statements cover years ended 31 March 2022–2026 using four official annual reports. Monetary amounts are Singapore dollars thousands, summary amounts millions, EPS/dividend rates Singapore cents, and share-count inputs whole shares. Group and Company scopes remain distinct.
KPMG LLP issued an unmodified FY2026 opinion signed 26 June 2026 by engagement partner Chu Joon Choong. Corporate information prints Ryan Chu Joon Choong. Group consolidated statements and Company financial position are supplied; no separate Company income, comprehensive income, equity-movement or cash-flow statements are printed.
Note 2.1 discloses Group net current liabilities of 6,791 thousand and committed unutilised facilities of 54,000 thousand, together with management’s going-concern assessment. Source transcription checks do not constitute an audit opinion.
FY2022 comparisons are restated under the investment-property accounting-policy change from cost to fair value applied retrospectively from 1 April 2022, mainly affecting an associate. The original restatement tables preserve the 5,198 thousand adjustment: Group assets 344,097 to 349,295; equity 145,560 to 150,758; profit 646 to 5,844; owner profit 661 to 5,859; comprehensive income 1,986 to 7,184.
The 22 July 2026 official corrected annual supersedes the 14 July version. Only physical page 30 (printed 28) changes in the complete native-text comparison: FY2026 summary after-tax profit 3.3 million becomes 2.9 million. Primary net profit remains 2,858 thousand. Both full originals and the one-page corrigendum are archived.
Group equity changes are split across adjacent physical pages. All three left and eight right components retain original amount coordinates; right-page captions bind to the corresponding left-page caption and native baseline. Unlabelled source subtotals remain unlabelled.
Six summary amounts differ by 0.1 million from standard rounding of exact primary values: FY2022 other noncurrent assets 32.0 vs 31.9 and current liabilities 159.5 vs 159.6; FY2023 other noncurrent assets 63.4 vs 63.3 and current assets 194.5 vs 194.6; FY2024 noncurrent liabilities 60.4 vs 60.3 and current liabilities 206.6 vs 206.7. Original summary values are retained; no undisclosed residual-rounding rule is asserted.
Reported NAV/share numerically reconciles to total Group equity including NCI divided by year-end eligible shares. EPS uses owner profit and weighted ordinary shares; ROE numerically reconciles to owner profit divided by average owner equity. These are distinct scopes. A separate formal NAV/ROE definition is not printed.
Reported five-year EBITDA numerically reconciles to pretax result plus net finance expense and depreciation of PPE/right-of-use assets. This is an independent arithmetic bridge; the source describes earnings before interest, tax, depreciation and amortisation without printing a separate detailed formula.
Capital-management gearing is explicitly loans/borrowings excluding lease liabilities associated with right-of-use assets divided by total equity including NCI. It does not exclude all lease liabilities. The note rounds to whole percent, while the summary gives one decimal place.
FY2026 gross cash 22,037 thousand less overdrafts 2,802 equals cash-flow cash 19,235. FY2025 gross cash 19,050 less overdrafts 2,444 and pledged deposits 300 equals 16,306. Historical original cash notes reconcile each earlier year; balance-sheet and cash-flow cash remain distinct.
FY2025 original proposed dividend was 1,223 thousand at 0.035 cent per qualifying share. The FY2026 annual reports the FY2025 comparative and actual ordinary cash paid as 1,221 thousand. Multiplying the original 31 March 2025 eligible-share count by the rate rounds to 1,223; the later 1,221 payment uses a different date/basis that is not bridged by an invented record-date denominator. FY2026 proposed 0.037 cent / 1,287 thousand is not a year-end liability or FY2026 payment.
Revenue disaggregation excludes rentals; segment information separately adds rental revenue to consolidated revenue. Geographic noncurrent assets exclude receivables/deferred-tax balances. Two segment-finance-income cells are original asterisks meaning less than $1,000, not invented zeroes.
The joint-venture table prints 55% while the narrative expressly gives 30.25% Group effective interests through the 55%-owned THLFE. Current and prior ownership columns, held-by routes, associates, joint ventures, joint operations and the 5% FVOCI investment remain distinct.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.