Annual Report 2025
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Balance sheet | |||||
| Property, plant and equipment$’000 | 67,776 | 70,364 | – | – | PDF p. 81 |
| Right-of-use assets$’000 | 1,147 | 1,723 | – | – | PDF p. 81 |
| Intangible assets$’000 | 108,037 | 109,505 | 920 | 1,157 | PDF p. 81 |
| Investment in subsidiaries$’000 | – | – | 200,089 | 200,089 | PDF p. 81 |
| Investment in associates$’000 | 85 | 147 | – | – | PDF p. 81 |
| Deferred tax assets$’000 | 352 | 167 | – | – | PDF p. 81 |
| Subtotal$’000 | 177,397 | 181,906 | 201,009 | 201,246 | PDF p. 81 |
| Trade and other receivables$’000 | 120,670 | 92,246 | 430 | 265 | PDF p. 81 |
| Unbilled receivables$’000 | 8,389 | 7,561 | – | – | PDF p. 81 |
| Amounts due from subsidiaries$’000 | – | – | 13,972 | 14,605 | PDF p. 81 |
| Tax recoverable$’000 | 29 | 33 | 29 | 33 | PDF p. 81 |
| Prepaid operating expenses$’000 | 1,481 | 1,778 | 14 | 14 | PDF p. 81 |
| Cash and bank balances$’000 | 50,400 | 39,950 | 16,972 | 228 | PDF p. 81 |
| Subtotal$’000 | 180,969 | 141,568 | 31,417 | 15,145 | PDF p. 81 |
| Total assets$’000 | 358,366 | 323,474 | 232,426 | 216,391 | PDF p. 81 |
| Trade payables and accruals$’000 | 127,323 | 100,835 | 410 | 339 | PDF p. 81 |
| Other payables$’000 | 17,207 | 13,806 | 26 | 96 | PDF p. 81 |
| Amount due to a subsidiary$’000 | – | – | 93,679 | 78,934 | PDF p. 81 |
| Deferred income$’000 | 1,350 | 1,526 | – | – | PDF p. 81 |
| Lease liabilities$’000 | 229 | 361 | – | – | PDF p. 81 |
| Loan and borrowing$’000 | 3,093 | 3,093 | – | – | PDF p. 81 |
| Provision for taxation$’000 | 6,074 | 2,884 | – | – | PDF p. 81 |
| Subtotal$’000 | 155,276 | 122,505 | 94,115 | 79,369 | PDF p. 81 |
| Net current assets/(liabilities)$’000 | 25,693 | 19,063 | (62,698) | (64,224) | PDF p. 81 |
| Lease liabilities$’000 | 809 | 1,105 | – | – | PDF p. 81 |
| Loan and borrowing$’000 | 33,946 | 37,039 | – | – | PDF p. 81 |
| Employee benefits$’000 | 563 | 610 | – | – | PDF p. 81 |
| Deferred tax liabilities$’000 | 4,157 | 4,315 | 60 | 33 | PDF p. 81 |
| Subtotal$’000 | 39,475 | 43,069 | 60 | 33 | PDF p. 81 |
| Net assets$’000 | 163,615 | 157,900 | 138,251 | 136,989 | PDF p. 81 |
| Share capital$’000 | 101,275 | 101,275 | 101,275 | 101,275 | PDF p. 81 |
| Foreign currency translation reserve$’000 | (2,926) | (1,915) | – | – | PDF p. 81 |
| Accumulated profits$’000 | 65,229 | 58,688 | 36,976 | 35,714 | PDF p. 81 |
| Subtotal$’000 | 163,578 | 158,048 | 138,251 | 136,989 | PDF p. 81 |
| Non-controlling interests$’000 | 37 | (148) | – | – | PDF p. 81 |
| Total equity$’000 | 163,615 | 157,900 | 138,251 | 136,989 | PDF p. 81 |
Original report: PDF p. 81 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| Real estate brokerage fees and related services$’000 | 672,664 | 558,026 | PDF p. 82 |
| Other revenue$’000 | 2,960 | 2,990 | PDF p. 82 |
| Total revenue$’000 | 675,624 | 561,016 | PDF p. 82 |
| Cost of services$’000 | 605,656 | 510,887 | PDF p. 82 |
| Personnel costs$’000 | 22,029 | 18,966 | PDF p. 82 |
| Marketing and promotion expenses$’000 | 4,159 | 4,071 | PDF p. 82 |
| Depreciation of property, plant and equipment$’000 | 2,797 | 2,807 | PDF p. 82 |
| Depreciation of right-of-use assets$’000 | 450 | 525 | PDF p. 82 |
| Amortisation of intangible assets$’000 | 1,145 | 1,158 | PDF p. 82 |
| Impairment losses on financial assets: – Trade receivables$’000 | 3,152 | 2,888 | PDF p. 82 |
| Other operating expenses$’000 | 7,694 | 6,731 | PDF p. 82 |
| Finance costs$’000 | 1,321 | 1,941 | PDF p. 82 |
| Subtotal$’000 | 648,403 | 549,974 | PDF p. 82 |
| Operating profit$’000 | 27,221 | 11,042 | PDF p. 82 |
| Other non-operating expenses$’000 | (1,767) | (2,329) | PDF p. 82 |
| Share of results of associates$’000 | (61) | 111 | PDF p. 82 |
| Profit before tax$’000 | 25,393 | 8,824 | PDF p. 82 |
| Income tax expense$’000 | (4,918) | (2,306) | PDF p. 82 |
| Profit for the year$’000 | 20,475 | 6,518 | PDF p. 82 |
| Owners of the Company$’000 | 20,550 | 7,212 | PDF p. 82 |
| Non-controlling interests$’000 | (75) | (694) | PDF p. 82 |
| Subtotal$’000 | 20,475 | 6,518 | PDF p. 82 |
| Basiccents per share | 5.44 | 2.02 | PDF p. 82 |
| Dilutedcents per share | 5.32 | 1.96 | PDF p. 82 |
Original report: PDF p. 82 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| OCI | |||
| Profit for the year$’000 | 20,475 | 6,518 | PDF p. 83 |
| Foreign currency translation$’000 | (880) | (1,635) | PDF p. 83 |
| Other comprehensive income for the year, net of tax$’000 | (880) | (1,635) | PDF p. 83 |
| Total comprehensive income for the year$’000 | 19,595 | 4,883 | PDF p. 83 |
| Owners of the Company$’000 | 19,539 | 5,540 | PDF p. 83 |
| Non-controlling interests$’000 | 56 | (657) | PDF p. 83 |
| Subtotal$’000 | 19,595 | 4,883 | PDF p. 83 |
Original report: PDF p. 83 ↗
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| Metric / unit | 2025GroupShare capital | 2025GroupTreasury shares | 2025GroupForeign currency translation reserve | 2025GroupAccumulated profits | 2025GroupTotal reserves | 2025GroupTotal attributable to owners of the Company | 2025GroupNon-controlling interests | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Equity | |||||||||
| Opening balance at 1 January 2025$’000 | 101,275 | – | (1,915) | 58,688 | 56,773 | 158,048 | (148) | 157,900 | PDF p. 84 |
| Profit/(loss) for the year$’000 | – | – | – | 20,550 | 20,550 | 20,550 | (75) | 20,475 | PDF p. 84 |
| – Foreign currency translation$’000 | – | – | (1,011) | – | (1,011) | (1,011) | 131 | (880) | PDF p. 84 |
| Total comprehensive income for the year$’000 | – | – | (1,011) | 20,550 | 19,539 | 19,539 | 56 | 19,595 | PDF p. 84 |
| – Purchase of treasury shares$’000 | – | (1,767) | – | – | (1,767) | (1,767) | – | (1,767) | PDF p. 84 |
| – Treasury share reissued pursuant to share-based compensation plan$’000 | – | 1,767 | – | – | 1,767 | 1,767 | – | 1,767 | PDF p. 84 |
| – Dividends on ordinary shares (Note 26)$’000 | – | – | – | (14,009) | (14,009) | (14,009) | – | (14,009) | PDF p. 84 |
| – Acquisition of subsidiaries with non-controlling interests$’000 | – | – | – | – | – | – | 104 | 104 | PDF p. 84 |
| – Issuance of new shares of subsidiaries to non-controlling interests$’000 | – | – | – | – | – | – | 25 | 25 | PDF p. 84 |
| Closing balance at 31 December 2025$’000 | 101,275 | – | (2,926) | 65,229 | 62,303 | 163,578 | 37 | 163,615 | PDF p. 84 |
Original report: PDF p. 84 ↗
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| Metric / unit | 2024GroupShare capital | 2024GroupForeign currency translation reserve | 2024GroupAccumulated profits | 2024GroupTotal reserves | 2024GroupTotal attributable to owners of the Company | 2024GroupNon-controlling interests | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|
| Equity | ||||||||
| Opening balance at 1 January 2024$’000 | 98,946 | (243) | 59,682 | 59,439 | 158,385 | 396 | 158,781 | PDF p. 85 |
| Profit/(loss) for the year$’000 | – | – | 7,212 | 7,212 | 7,212 | (694) | 6,518 | PDF p. 85 |
| – Foreign currency translation$’000 | – | (1,672) | – | (1,672) | (1,672) | 37 | (1,635) | PDF p. 85 |
| Total comprehensive income for the year$’000 | – | (1,672) | 7,212 | 5,540 | 5,540 | (657) | 4,883 | PDF p. 85 |
| – Issue of ordinary shares pursuant to share plan$’000 | 2,329 | – | – | – | 2,329 | – | 2,329 | PDF p. 85 |
| – Dividends on ordinary shares (Note 26)$’000 | – | – | (8,206) | (8,206) | (8,206) | – | (8,206) | PDF p. 85 |
| – Acquisition of subsidiaries with non-controlling interests$’000 | – | – | – | – | – | 113 | 113 | PDF p. 85 |
| Closing balance at 31 December 2024$’000 | 101,275 | (1,915) | 58,688 | 56,773 | 158,048 | (148) | 157,900 | PDF p. 85 |
Original report: PDF p. 85 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flow | |||
| Profit before tax$’000 | 25,393 | 8,824 | PDF p. 86 |
| Depreciation of property, plant and equipment$’000 | 2,797 | 2,807 | PDF p. 86 |
| Depreciation of right-of-use assets$’000 | 450 | 525 | PDF p. 86 |
| Amortisation of intangible assets$’000 | 1,145 | 1,158 | PDF p. 86 |
| Impairment losses on financial assets$’000 | 3,152 | 2,888 | PDF p. 86 |
| (Gain)/loss on disposal of plant and equipment$’000 | (1) | 38 | PDF p. 86 |
| Performance share plan cost$’000 | 1,767 | 2,329 | PDF p. 86 |
| Share of results of associates$’000 | 61 | (111) | PDF p. 86 |
| Interest expense$’000 | 1,321 | 1,941 | PDF p. 86 |
| Interest income$’000 | (402) | (503) | PDF p. 86 |
| Operating cash flows before working capital changes$’000 | 35,683 | 19,896 | PDF p. 86 |
| (Increase)/decrease in trade receivables, other receivables and unbilled receivables$’000 | (32,210) | 8,727 | PDF p. 86 |
| Increase/(decrease) in trade and other payables$’000 | 29,657 | (15,179) | PDF p. 86 |
| Cash flows from operations$’000 | 33,130 | 13,444 | PDF p. 86 |
| Interest income received$’000 | 402 | 503 | PDF p. 86 |
| Interest paid$’000 | (1,228) | (1,866) | PDF p. 86 |
| Income taxes paid$’000 | (2,108) | (2,923) | PDF p. 86 |
| Net cash flows generated from operating activities$’000 | 30,196 | 9,158 | PDF p. 86 |
| Purchase of plant and equipment$’000 | (246) | (726) | PDF p. 86 |
| Proceeds from disposal of plant and equipment$’000 | 1 | 1 | PDF p. 86 |
| Acquisition of subsidiary, net of cash acquired$’000 | (219) | (866) | PDF p. 86 |
| Investment in associate$’000 | – | (38) | PDF p. 86 |
| Net cash used in investing activities$’000 | (464) | (1,629) | PDF p. 86 |
| Repurchase of treasury shares$’000 | (1,767) | – | PDF p. 86 |
| Repayment of lease liabilities$’000 | (413) | (332) | PDF p. 86 |
| Repayment of loan and borrowing$’000 | (3,093) | (3,093) | PDF p. 86 |
| Payment of dividends$’000 | (14,009) | (8,206) | PDF p. 86 |
| Net cash flows used in financing activities$’000 | (19,282) | (11,631) | PDF p. 86 |
| Net increase/(decrease) in cash and cash equivalents$’000 | 10,450 | (4,102) | PDF p. 86 |
| Net cash and cash equivalents at beginning of year$’000 | 39,950 | 44,052 | PDF p. 86 |
| Net cash and cash equivalents at end of year$’000 | 50,400 | 39,950 | PDF p. 86 |
Original report: PDF p. 86 ↗
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| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Plant and equipmentS$’000 | 72,848 | 73,858 | 72,472 | 70,364 | 67,776 | PDF p. 15 |
| Intangible assetsS$’000 | 96,890 | 104,008 | 111,189 | 109,505 | 108,037 | PDF p. 15 |
| Right-of-use assetsS$’000 | 1,988 | 230 | 1,054 | 1,723 | 1,147 | PDF p. 15 |
| Trade and other receivablesS$’000 | 156,910 | 158,370 | 113,667 | 101,618 | 130,569 | PDF p. 15 |
| Cash and cash equivalentsS$’000 | 54,065 | 49,674 | 44,052 | 39,950 | 50,400 | PDF p. 15 |
| Other assetsS$’000 | 3,149 | 2,260 | 236 | 314 | 437 | PDF p. 15 |
| TotalS$’000 | 385,850 | 388,400 | 342,670 | 323,474 | 358,366 | PDF p. 15 |
| Total Equity | ||||||
| Capital and reservesS$’000 | 160,914 | 160,212 | 158,385 | 158,048 | 163,578 | PDF p. 15 |
| Non-controlling interestsS$’000 | (250) | 158 | 396 | (148) | 37 | PDF p. 15 |
| Borrowings | ||||||
| Non-currentS$’000 | 45,917 | - | 40,133 | 37,039 | 33,946 | PDF p. 15 |
| CurrentS$’000 | 2,900 | 45,917 | 3,093 | 3,093 | 3,093 | PDF p. 15 |
| Liabilities | ||||||
| Trade and other payablesS$’000 | 161,762 | 169,114 | 129,646 | 114,641 | 144,530 | PDF p. 15 |
| Lease liabilities | ||||||
| Non-currentS$’000 | 44 | 19 | 420 | 1,105 | 809 | PDF p. 15 |
| CurrentS$’000 | 1,694 | 118 | 628 | 361 | 229 | PDF p. 15 |
| Taxation | ||||||
| DeferredS$’000 | 4,089 | 4,343 | 4,493 | 4,315 | 4,157 | PDF p. 15 |
| CurrentS$’000 | 7,481 | 6,753 | 3,389 | 2,884 | 6,074 | PDF p. 15 |
| Liabilities | ||||||
| Other liabilitiesS$’000 | 1,299 | 1,766 | 2,087 | 2,136 | 1,913 | PDF p. 15 |
| TotalS$’000 | 385,850 | 388,400 | 342,670 | 323,474 | 358,366 | PDF p. 15 |
Original report: PDF p. 15 ↗
Trade and other receivables include recoverables; cash and cash equivalents include fixed deposits, as stated in the original summary. The final Total includes equity and liabilities.
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| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Five-year charts | ||||||
| RevenueS$ million | 739.8 | 705.0 | 557.3 | 561.0 | 675.6 | PDF p. 15 |
Original report: PDF p. 15 ↗
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| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Five-year charts | ||||||
| Gross ProfitS$ million | 75.4 | 73.4 | 55.0 | 50.1 | 70.0 | PDF p. 15 |
Original report: PDF p. 15 ↗
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| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Five-year charts | ||||||
| Gross Profit Margin% | 12.0 | 10.2 | 10.4 | 9.9 | 10.4 | PDF p. 15 |
Original report: PDF p. 15 ↗
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| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Five-year charts | ||||||
| EBITS$ million | 43.8 | 37.0 | 15.7 | 10.8 | 26.7 | PDF p. 15 |
Original report: PDF p. 15 ↗
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| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Five-year charts | ||||||
| Net Profit after TaxS$ million | 35.3 | 26.4 | 10.6 | 6.5 | 20.5 | PDF p. 15 |
Original report: PDF p. 15 ↗
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| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Five-year charts | ||||||
| NPAT Margin% | 4.8 | 3.7 | 1.9 | 1.2 | 3.0 | PDF p. 15 |
Original report: PDF p. 15 ↗
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| Metric / unit | 2025Group | 2024Group | 2025Change (%) | Source |
|---|---|---|---|---|
| Income statement review | ||||
| Total revenue$’000; change in % | 675,624 | 561,016 | 20.4 | PDF p. 25 |
| Cost of services$’000; change in % | (605,656) | (510,887) | 18.5 | PDF p. 25 |
| Gross Profit$’000; change in % | 69,968 | 50,129 | 39.6 | PDF p. 25 |
Original report: PDF p. 25 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement review | |||
| Gross Profit Margin% | 10.4 | 8.9 | PDF p. 25 |
Original report: PDF p. 25 ↗
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| Metric / unit | 2025Group | Source |
|---|---|---|
| 2025 Highlights and charts | ||
| Market share by transaction volume in FY2025% | 34.3 | PDF p. 14 |
| Revenue generated in FY2025S$ million | 675.6 | PDF p. 14 |
| Dividend payout for FY2025% | 78.2 | PDF p. 14 |
| Dividend yield for FY2025% | 4.7 | PDF p. 14 |
| FY2025 gross profit totalS$ million | 70.0 | PDF p. 14 |
| Brokerage gross profit share% | 91.3 | PDF p. 14 |
| Non-brokerage gross profit share% | 8.7 | PDF p. 14 |
| Brokerage gross profit amountS$ million | 63.9 | PDF p. 14 |
| Non-brokerage gross profit amountS$ million | 6.1 | PDF p. 14 |
| FY2025 brokerage transaction valueS$ billion | 33.3 | PDF p. 14 |
| Private secondary residential% | 42.9 | PDF p. 14 |
| Leasing and HDB resale% | 26.3 | PDF p. 14 |
| Private primary residential% | 22.3 | PDF p. 14 |
| Commercial resale and leasing% | 8.5 | PDF p. 14 |
| Other Operations non-brokerage gross profit mix% | 30.4 | PDF p. 14 |
| Property Valuation non-brokerage gross profit mix% | 25.1 | PDF p. 14 |
| Franchise non-brokerage gross profit mix% | 23.5 | PDF p. 14 |
| Rental non-brokerage gross profit mix% | 12.1 | PDF p. 14 |
| Training non-brokerage gross profit mix% | 6.2 | PDF p. 14 |
| ERA APAC Centre non-brokerage gross profit mix% | 1.7 | PDF p. 14 |
| Merchandise Sales non-brokerage gross profit mix% | 1.0 | PDF p. 14 |
Original report: PDF p. 14 ↗
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| Metric / unit | 2025Company | 2024Company | Source |
|---|---|---|---|
| Subsidiary investments — Company | |||
| Unquoted shares, at cost$’000 | 201,703 | 201,703 | PDF p. 103 |
| Less: Impairment losses$’000 | (5,314) | (5,314) | PDF p. 103 |
| Subtotal$’000 | 196,389 | 196,389 | PDF p. 103 |
| Add: Loan to a subsidiary$’000 | 3,700 | 3,700 | PDF p. 103 |
| Subtotal$’000 | 200,089 | 200,089 | PDF p. 103 |
Original report: PDF p. 103 ↗
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| Metric / unit | 2025Group acquisition-date fair values; five Indonesian member brokers | Source |
|---|---|---|
| FY2025 subsidiary acquisition fair values — ERA Fajar and ERA Sky | ||
| Plant and equipment$’000 | 4 | PDF p. 107 |
| Trade and other receivables$’000 | 37 | PDF p. 107 |
| Cash and cash equivalents$’000 | 234 | PDF p. 107 |
| Total assets$’000 | 275 | PDF p. 107 |
| Trade and other payables$’000 | (49) | PDF p. 107 |
| Total liabilities$’000 | (49) | PDF p. 107 |
| Total identifiable net assets at fair value$’000 | 226 | PDF p. 107 |
| NCI, based on their proportionate interest in the recognised amounts of the assets and liabilities of the acquiree$’000 | (104) | PDF p. 107 |
| Goodwill arising on acquisition (Note 6)$’000 | 331 | PDF p. 107 |
| Purchase consideration transferred, settled in cash$’000 | 453 | PDF p. 107 |
Original report: PDF p. 107 ↗
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| Metric / unit | 2024Group acquisition-date fair values; ERA Fiesta | Source |
|---|---|---|
| FY2024 subsidiary acquisition fair values — ERA Fiesta | ||
| Plant and equipment$’000 | 12 | PDF p. 108 |
| Trade and other receivables$’000 | 22 | PDF p. 108 |
| Cash and cash equivalents$’000 | 93 | PDF p. 108 |
| Total assets$’000 | 127 | PDF p. 108 |
| Trade and other payables$’000 | (95) | PDF p. 108 |
| Total liabilities$’000 | (95) | PDF p. 108 |
| Total identifiable net assets at fair value$’000 | 32 | PDF p. 108 |
| NCI, based on their proportionate interest in the recognised amounts of the assets and liabilities of the acquiree$’000 | (16) | PDF p. 108 |
| Goodwill arising on acquisition (Note 6)$’000 | 943 | PDF p. 108 |
| Purchase consideration transferred, settled in cash$’000 | 959 | PDF p. 108 |
Original report: PDF p. 108 ↗
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| Metric / unit | 2025Group; operating transaction costs plus investing acquisition cash flows | 2024Group; operating transaction costs plus investing acquisition cash flows | Source |
|---|---|---|---|
| Subsidiary acquisition cash flows | |||
| Transaction costs of the acquisitions (included in cash flows from operations)$’000 | (66) | (20) | PDF p. 109 |
| Cash consideration for acquisition of ERA Fajar and ERA Sky (2024: ERA Fiesta) (included in cash flows from investing activities)$’000 | (453) | (959) | PDF p. 109 |
| Net cash acquired with the subsidiaries (included in cash flows from investing activities)$’000 | 234 | 93 | PDF p. 109 |
| Net cash flow on acquisitions$’000 | (285) | (886) | PDF p. 109 |
Original report: PDF p. 109 ↗
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| Metric / unit | 2025Company | 2024Company | Source |
|---|---|---|---|
| Subsidiary investment impairment — Company | |||
| At beginning and end of year$’000 | 5,314 | 5,314 | PDF p. 109 |
Original report: PDF p. 109 ↗
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Associate investments — Group and Company | |||||
| Other associate$’000 | 85 | 147 | – | – | PDF p. 109 |
Original report: PDF p. 109 ↗
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| Metric / unit | 2025Group; associates not individually material, aggregate investee information | 2024Group; associates not individually material, aggregate investee information | Source |
|---|---|---|---|
| Associate aggregate profit and comprehensive income | |||
| (Loss)/profit after tax, representing total comprehensive income$’000 | (155) | 111 | PDF p. 109 |
Original report: PDF p. 109 ↗
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| Metric / unit | 2025Group and Company; paid/proposed status stated by source row section | 2024Group and Company; paid/proposed status stated by source row section | Source |
|---|---|---|---|
| Declared and paid during financial year | |||
| – Final exempt (one-tier) dividend for 2024: 1.2 cents per share (2023: 1.4 cents)$’000 | 4,310 | 4,973 | PDF p. 121 |
| – Interim exempt (one-tier) dividend for 2025: 2.7 cents per share (2024: 0.9 cents)$’000 | 9,699 | 3,233 | PDF p. 121 |
| Subtotal$’000 | 14,009 | 8,206 | PDF p. 121 |
| Proposed, subject to shareholders approval, not recognised as liability | |||
| – Final exempt (one-tier) dividend for 2025: 1.8 cents per share (2024: 1.2 cents)$’000 | 7,759 | 4,310 | PDF p. 121 |
| Subtotal$’000 | 7,759 | 4,310 | PDF p. 121 |
Original report: PDF p. 121 ↗
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| Metric / unit | 2024GroupLand and building | 2024GroupComputers | 2024GroupFurniture and fittings | 2024GroupOffice equipment | 2024GroupElectrical installation and fittings | 2024GroupRenovation | 2024GroupMotor vehicles | 2024GroupTotal | Source |
|---|---|---|---|---|---|---|---|---|---|
| Cost | |||||||||
| At 1 January 2024$’000 | 73,766 | 348 | 1,772 | 1,032 | 1,710 | 1,268 | 91 | 79,987 | PDF p. 98 |
| Additions$’000 | – | 299 | 64 | 330 | 43 | 9 | – | 745 | PDF p. 98 |
| Acquired through business combinations$’000 | – | – | – | 14 | – | – | – | 14 | PDF p. 98 |
| Disposal/write-off$’000 | – | (15) | (22) | (37) | (26) | (15) | – | (115) | PDF p. 98 |
| Translation difference$’000 | (9) | (4) | (18) | 1 | – | 1 | (2) | (31) | PDF p. 98 |
| At 31 December 2024 and 1 January 2025$’000 | 73,757 | 628 | 1,796 | 1,340 | 1,727 | 1,263 | 89 | 80,600 | PDF p. 98 |
Original report: PDF p. 98 ↗
The shared 31 December 2024 / 1 January 2025 balances are shown as closing FY2024 and opening FY2025; they are the same original disclosure.
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| Metric / unit | 2025GroupLand and building | 2025GroupComputers | 2025GroupFurniture and fittings | 2025GroupOffice equipment | 2025GroupElectrical installation and fittings | 2025GroupRenovation | 2025GroupMotor vehicles | 2025GroupTotal | Source |
|---|---|---|---|---|---|---|---|---|---|
| Cost | |||||||||
| At 31 December 2024 and 1 January 2025$’000 | 73,757 | 628 | 1,796 | 1,340 | 1,727 | 1,263 | 89 | 80,600 | PDF p. 98 |
| Additions$’000 | – | 145 | 6 | 87 | 4 | 4 | – | 246 | PDF p. 98 |
| Acquired through business combinations$’000 | – | – | – | 4 | – | – | – | 4 | PDF p. 98 |
| Disposal/write-off$’000 | – | (97) | – | – | – | – | – | (97) | PDF p. 98 |
| Translation difference$’000 | (33) | (1) | (9) | (7) | – | (5) | (7) | (62) | PDF p. 98 |
| At 31 December 2025$’000 | 73,724 | 675 | 1,793 | 1,424 | 1,731 | 1,262 | 82 | 80,691 | PDF p. 98 |
Original report: PDF p. 98 ↗
The shared 31 December 2024 / 1 January 2025 balances are shown as closing FY2024 and opening FY2025; they are the same original disclosure.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupLand and building | 2024GroupComputers | 2024GroupFurniture and fittings | 2024GroupOffice equipment | 2024GroupElectrical installation and fittings | 2024GroupRenovation | 2024GroupMotor vehicles | 2024GroupTotal | Source |
|---|---|---|---|---|---|---|---|---|---|
| Accumulated depreciation | |||||||||
| At 1 January 2024$’000 | 4,755 | 128 | 955 | 363 | 778 | 507 | 29 | 7,515 | PDF p. 98 |
| Charge for the year$’000 | 1,592 | 119 | 321 | 208 | 314 | 233 | 20 | 2,807 | PDF p. 98 |
| Disposal/write-off$’000 | – | (14) | (12) | (21) | (26) | (4) | – | (77) | PDF p. 98 |
| Translation difference$’000 | (1) | (4) | (6) | 1 | – | 2 | (1) | (9) | PDF p. 98 |
| At 31 December 2024 and 1 January 2025$’000 | 6,346 | 229 | 1,258 | 551 | 1,066 | 738 | 48 | 10,236 | PDF p. 98 |
Original report: PDF p. 98 ↗
The shared 31 December 2024 / 1 January 2025 balances are shown as closing FY2024 and opening FY2025; they are the same original disclosure.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupLand and building | 2025GroupComputers | 2025GroupFurniture and fittings | 2025GroupOffice equipment | 2025GroupElectrical installation and fittings | 2025GroupRenovation | 2025GroupMotor vehicles | 2025GroupTotal | Source |
|---|---|---|---|---|---|---|---|---|---|
| Accumulated depreciation | |||||||||
| At 31 December 2024 and 1 January 2025$’000 | 6,346 | 229 | 1,258 | 551 | 1,066 | 738 | 48 | 10,236 | PDF p. 98 |
| Charge for the year$’000 | 1,586 | 197 | 275 | 244 | 260 | 216 | 19 | 2,797 | PDF p. 98 |
| Disposal/write-off$’000 | – | (97) | – | – | – | – | – | (97) | PDF p. 98 |
| Translation difference$’000 | (10) | – | (3) | (2) | – | (1) | (5) | (21) | PDF p. 98 |
| At 31 December 2025$’000 | 7,922 | 329 | 1,530 | 793 | 1,326 | 953 | 62 | 12,915 | PDF p. 98 |
Original report: PDF p. 98 ↗
The shared 31 December 2024 / 1 January 2025 balances are shown as closing FY2024 and opening FY2025; they are the same original disclosure.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupLand and building | 2024GroupComputers | 2024GroupFurniture and fittings | 2024GroupOffice equipment | 2024GroupElectrical installation and fittings | 2024GroupRenovation | 2024GroupMotor vehicles | 2024GroupTotal | Source |
|---|---|---|---|---|---|---|---|---|---|
| Net carrying amount | |||||||||
| At 31 December 2024$’000 | 67,411 | 399 | 538 | 789 | 661 | 525 | 41 | 70,364 | PDF p. 98 |
Original report: PDF p. 98 ↗
The shared 31 December 2024 / 1 January 2025 balances are shown as closing FY2024 and opening FY2025; they are the same original disclosure.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupLand and building | 2025GroupComputers | 2025GroupFurniture and fittings | 2025GroupOffice equipment | 2025GroupElectrical installation and fittings | 2025GroupRenovation | 2025GroupMotor vehicles | 2025GroupTotal | Source |
|---|---|---|---|---|---|---|---|---|---|
| Net carrying amount | |||||||||
| At 31 December 2025$’000 | 65,802 | 346 | 263 | 631 | 405 | 309 | 20 | 67,776 | PDF p. 98 |
Original report: PDF p. 98 ↗
The shared 31 December 2024 / 1 January 2025 balances are shown as closing FY2024 and opening FY2025; they are the same original disclosure.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group; office space | Source |
|---|---|---|
| Cost | ||
| At 1 January 2024$’000 | 1,700 | PDF p. 99 |
| Additions$’000 | 1,670 | PDF p. 99 |
| Written off$’000 | (1,317) | PDF p. 99 |
| Translation difference$’000 | 40 | PDF p. 99 |
| At 31 December 2024 and 1 January 2025$’000 | 2,093 | PDF p. 99 |
Original report: PDF p. 99 ↗
Closing FY2024 and opening FY2025 are the same shared original balance.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; office space | Source |
|---|---|---|
| Cost | ||
| At 31 December 2024 and 1 January 2025$’000 | 2,093 | PDF p. 99 |
| Translation difference$’000 | (145) | PDF p. 99 |
| At 31 December 2025$’000 | 1,948 | PDF p. 99 |
Original report: PDF p. 99 ↗
Closing FY2024 and opening FY2025 are the same shared original balance.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group; office space | Source |
|---|---|---|
| Accumulated depreciation | ||
| At 1 January 2024$’000 | 646 | PDF p. 99 |
| Charge for the year$’000 | 525 | PDF p. 99 |
| Written off$’000 | (803) | PDF p. 99 |
| Translation difference$’000 | 2 | PDF p. 99 |
| At 31 December 2024 and 1 January 2025$’000 | 370 | PDF p. 99 |
Original report: PDF p. 99 ↗
Closing FY2024 and opening FY2025 are the same shared original balance.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; office space | Source |
|---|---|---|
| Accumulated depreciation | ||
| At 31 December 2024 and 1 January 2025$’000 | 370 | PDF p. 99 |
| Charge for the year$’000 | 450 | PDF p. 99 |
| Translation difference$’000 | (19) | PDF p. 99 |
| At 31 December 2025$’000 | 801 | PDF p. 99 |
Original report: PDF p. 99 ↗
Closing FY2024 and opening FY2025 are the same shared original balance.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group; office space | Source |
|---|---|---|
| Net carrying amount | ||
| At 31 December 2024$’000 | 1,723 | PDF p. 99 |
Original report: PDF p. 99 ↗
Closing FY2024 and opening FY2025 are the same shared original balance.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; office space | Source |
|---|---|---|
| Net carrying amount | ||
| At 31 December 2025$’000 | 1,147 | PDF p. 99 |
Original report: PDF p. 99 ↗
Closing FY2024 and opening FY2025 are the same shared original balance.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Lease expenses | |||
| Expense relating to leases of low-value assets and short-term leases (included in other operating expenses)$’000 | 320 | 304 | PDF p. 99 |
| Interest expense on lease liabilities (included in finance costs)$’000 | 93 | 75 | PDF p. 99 |
| Depreciation expense of right-of-use assets$’000 | 450 | 525 | PDF p. 99 |
| Total amount recognised in consolidated income statement$’000 | 863 | 904 | PDF p. 99 |
Original report: PDF p. 99 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Cost of investments carried by the Company | 2024Cost of investments carried by the Company | Source |
|---|---|---|---|
| Company investment costs | |||
| ERA Realty Network Pte Ltd$’000 | 99,420 | 99,420 | PDF p. 104 |
| ERA Singapore Pte Ltd$’000 | 13,317 | 13,317 | PDF p. 104 |
| Realty International Associates Pte Ltd$’000 | 4,311 | 4,311 | PDF p. 104 |
| Electronic Realty Associates Pte Ltd$’000 | 136 | 136 | PDF p. 104 |
| APAC Investment Pte Ltd$’000 | 72,800 | 72,800 | PDF p. 104 |
| APAC Investment 2 Pte Ltd$’000 | – | – | PDF p. 104 |
| APAC Holding (Thailand) Co. Limited$’000 | 42 | 42 | PDF p. 104 |
| ERA Holding (Thailand) Co. Limited$’000 | 42 | 42 | PDF p. 104 |
| ERA Vietnam Real Estate Joint Stock Company$’000 | 11,534 | 11,534 | PDF p. 104 |
| Eurocapital Joint Stock Company$’000 | 100 | 100 | PDF p. 104 |
| ERA Realtor Group (Malaysia) Sdn Bhd$’000 | 1 | 1 | PDF p. 104 |
| ERA Real Estate Consulting (Shanghai) Co. Ltd$’000 | – | – | PDF p. 104 |
Original report: PDF p. 104 ↗
# indicates investment cost less than S$1,000; dashes are retained and not interpreted as zero. ^ shares held by APAC Investment 2 Pte Ltd; § shares held by PT ERA Graharealty Tbk; ‡ shares held by ERA Holding (Thailand) Co. Limited.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Cost of investments carried by the Company | 2024Cost of investments carried by the Company | Source |
|---|---|---|---|
| Company investment costs | |||
| PT ERA Graharealty Tbk$’000 | – | – | PDF p. 105 |
| PT ERA Pro Realty$’000 | – | – | PDF p. 105 |
| PT Kencana Sukses Propertindo$’000 | – | – | PDF p. 105 |
| PT Kencana Maju Propertindo$’000 | – | – | PDF p. 105 |
| PT Kencana Makmur Propertindo$’000 | – | – | PDF p. 105 |
| PT Kencana Sejahtera Propertindo$’000 | – | – | PDF p. 105 |
| PT Kencana Berkat Propertindo$’000 | – | – | PDF p. 105 |
| PT Kencana Anugerah Propertindo$’000 | – | – | PDF p. 105 |
| PT Kencana Abadi Propertindo$’000 | – | – | PDF p. 105 |
| PT Kencana Gemilang Propertindo$’000 | – | – | PDF p. 105 |
Original report: PDF p. 105 ↗
# indicates investment cost less than S$1,000; dashes are retained and not interpreted as zero. ^ shares held by APAC Investment 2 Pte Ltd; § shares held by PT ERA Graharealty Tbk; ‡ shares held by ERA Holding (Thailand) Co. Limited.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Cost of investments carried by the Company | 2024Cost of investments carried by the Company | Source |
|---|---|---|---|
| Company investment costs | |||
| PT Fajar Wira Realty$’000 | – | – | PDF p. 106 |
| PT Cahaya Era Fajar$’000 | – | – | PDF p. 106 |
| PT Fajar Inovasi Utama$’000 | – | – | PDF p. 106 |
| PT Lani Harta Persada$’000 | – | – | PDF p. 106 |
| PT Erasky Harta Persada$’000 | – | – | PDF p. 106 |
| PT Realty Jaya Abadi$’000 | – | – | PDF p. 106 |
| ERA Property Network Co., Ltd$’000 | – | – | PDF p. 106 |
| Total$’000 | 201,703 | 201,703 | PDF p. 106 |
Original report: PDF p. 106 ↗
# indicates investment cost less than S$1,000; dashes are retained and not interpreted as zero. ^ shares held by APAC Investment 2 Pte Ltd; § shares held by PT ERA Graharealty Tbk; ‡ shares held by ERA Holding (Thailand) Co. Limited.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; property mortgaged to secure a bank loan | 2024Group; property mortgaged to secure a bank loan | Source |
|---|---|---|---|
| Security for bank loan | |||
| Mortgaged Group property carrying amountSGD | 65,196,000 | 66,692,000 | PDF p. 98 |
Original report: PDF p. 98 ↗
Amounts in SGD, not thousands. This mortgaged property amount is a narrower scope than the land and building column in the property, plant and equipment schedule.
Where the money comes from
| Item / unit | 2025Real estate brokerage income | 2025Rental income | 2025Others | 2025Eliminations | 2025Total | 2024Real estate brokerage income | 2024Rental income | 2024Others | 2024Eliminations | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Real estate brokerage fees and related services$'000 | 667,940 | 2,810 | 4,630 | (2,716) | 672,664 | 553,047 | 2,545 | 4,888 | (2,454) | 558,026 | PDF p. 130 |
| Other revenue$'000 | – | – | 2,960 | – | 2,960 | – | – | 2,990 | – | 2,990 | PDF p. 130 |
| Total revenue$'000 | 667,940 | 2,810 | 7,590 | (2,716) | 675,624 | 553,047 | 2,545 | 7,878 | (2,454) | 561,016 | PDF p. 130 |
| Results | |||||||||||
| Segment results$'000 | 26,286 | (260) | 347 | – | 26,373 | 10,855 | (275) | (429) | – | 10,151 | PDF p. 130 |
| Others | |||||||||||
| Impairment losses on financial assets – trade$'000 | (3,104) | – | (48) | – | (3,152) | (2,928) | – | 40 | – | (2,888) | PDF p. 130 |
| Depreciation and amortisation$'000 | (3,489) | (354) | (549) | – | (4,392) | (3,423) | (367) | (700) | – | (4,490) | PDF p. 130 |
Rows below Segment results (share of associates through Profit for the year) print a single figure in the Total column only.
Segment performance is evaluated on operating profit or loss; income taxes and finance costs are managed on a group basis and not allocated. The Group did not disclose operating segment assets and liabilities as such measures are not monitored.
Segment revenue, expenses and results include transfers between business segments, eliminated on consolidation.
Rows from Share of results of associates through Profit for the year print a single figure in the Total column only.
Segment assets and liabilities not disclosed as they are not monitored.
| Item / unit | 2025Revenue | 2024Revenue | 2025Non-current assets* | 2024Non-current assets* | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| Singapore$'000 | 655,594 | 551,493 | 159,935 | 163,405 | PDF p. 130 |
| Indonesia$'000 | 4,794 | 3,853 | 8,841 | 8,932 | PDF p. 130 |
| Vietnam$'000 | 14,795 | 5,301 | 7,935 | 9,011 | PDF p. 130 |
| Others$'000 | 441 | 369 | 334 | 391 | PDF p. 130 |
| Total$'000 | 675,624 | 561,016 | 177,045 | 181,739 | PDF p. 130 |
* Comprising property, plant and equipment, right-of-use assets, intangible assets and investment in associates.
The total row is printed without a label.
Debt
| Item / unit | 2025Group, $'000 | 2024Group, $'000 | 2025Company, $'000 | 2024Company, $'000 | Source |
|---|---|---|---|---|---|
| Current liabilities | |||||
| Lease liabilities (current)$'000 | 229 | 361 | – | – | PDF p. 81 |
| Loan and borrowing (current)$'000 | 3,093 | 3,093 | – | – | PDF p. 81 |
| Non-current liabilities | |||||
| Lease liabilities (non-current)$'000 | 809 | 1,105 | – | – | PDF p. 81 |
| Loan and borrowing (non-current)$'000 | 33,946 | 37,039 | – | – | PDF p. 81 |
Balance sheets as at 31 December 2025.
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Current | |||
| SGD loan at Compounded SORA + 0.80% p.a. (2024: SORA + 0.80% p.a.) [Current, maturity 2025]$'000 | 3,093 | 3,093 | PDF p. 113 |
| Non-current | |||
| SGD loan at Compounded SORA + 0.80% p.a. (2024: SORA + 3.00% p.a.) [Non-current, maturity 2026 – 2028]$'000 | 33,946 | 37,039 | PDF p. 113 |
| Loan and borrowing | |||
| Total$'000 | 37,039 | 40,132 | PDF p. 113 |
Loan bears 3-month Compounded SORA + 0.80% p.a. for first 2 years from 19 October 2023, then SORA + 3.00% p.a.; from 19 October 2025 repriced to SORA + 0.80% p.a. for remaining tenure.
Repayable over 59 equal monthly instalments of $257,778 with final bullet principal payment of $28,532,745 on final maturity date, 19 October 2028.
Secured by first legal mortgage over the Group's leasehold property at 450 Lorong 6 Toa Payoh, Singapore 319394 (Note 4) and a corporate guarantee from the Company. Covenant: Net Worth not less than $50,000,000; complied with. Denominated in SGD.
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Lease liabilities | |||
| As at 31 December$'000 | 1,038 | 1,466 | PDF p. 112 |
| Representing | |||
| Current$'000 | 229 | 361 | PDF p. 112 |
| Non-current$'000 | 809 | 1,105 | PDF p. 112 |
The maturity analysis of lease liabilities is disclosed in Note 29(b).
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Board adopted a dividend policy which provided that the distribution of dividend shall be at between 50% to 80% of the Group’s net profit after tax. In fixing a dividend for any year, the Board considers a number of factors, including current and forecast earnings, capital expenditure requirements, growth options and the Company’s debt/equity position and the importance of balancing growth with prudent capital management. | Group | PDF p. 72 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim exempt (one-tier) dividend for 2025 | 2.7 cents per share | Group and Company, FY2025 interim, declared and paid | PDF p. 121 |
| Interim exempt (one-tier) dividend for 2025 (2024 comparative) | 0.9 cents per share | Group and Company, FY2024 interim, comparative | PDF p. 121 |
| Final exempt (one-tier) dividend for 2025 | 1.8 cents per share | Group and Company, FY2025 final, proposed, subject to shareholder approval at AGM · As at 2025-12-31 | PDF p. 121 |
| Final exempt (one-tier) dividend for 2024 | 1.2 cents per share | Group and Company, FY2024 final, comparative (paid in 2025) | PDF p. 121 |
| total dividends | S$0.045 | FY2025 total (interim S$0.027 + proposed final S$0.018) | PDF p. 72 |
| Dividends on ordinary shares: total paid | 14,009 $’000 | Group and Company, 2025 (2024: 8,206) | PDF p. 121 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| dividend payout | 78.2% | FY2025 | PDF p. 72 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Ernst & Young LLP | Ernst & Young LLP | Group | PDF p. 80 |
| engagement partner | Alvin Phua Chun Yen | Group | PDF p. 80 |
| Opinion | properly drawn up in accordance with the provisions of the Singapore Companies Act 1967 (the Act) and Singapore Financial Reporting Standards (International) (SFRS(I)) so as to give a true and fair view | Group and Company | PDF p. 77 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Impairment assessment of goodwill | Impairment assessment of goodwill | Group | PDF p. 78 |
| Impairment assessment of trade receivables | Impairment assessment of trade receivables | Group | PDF p. 78 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Amounts are Singapore dollars; main statements generally $’000. Positive expenses on the consolidated income statement are deducted in the reported subtotals; the review page displays cost of services in parentheses.
The original FY2024 gross-profit-margin chart prints 9.9%, while the FY2024 financial review prints 8.9%. These distinct original disclosures are retained. FY2021–2023 chart margins also do not equal gross profit divided by revenue at the printed precision; original chart labels are retained without adjustment.
The FY2025 dividend-yield highlight of 4.7% uses the report’s closing price of S$0.64 on 20 February 2026; it is not a yield calculated from the current quote. Market-share highlight uses URA/HDB data released 23 January 2026.
Five-year figures are comparisons disclosed in this FY2025 report, not evidence that all five historical annual-report originals have been collected.
Acquisition cash-flow note includes operating transaction costs: FY2025 net cash flow (285) comprises (66) operating costs and (219) investing cash flow; FY2024 (886) comprises (20) costs and (866) investing cash flow. The primary cash-flow acquisition line excludes those operating costs.
Acquisition fair values represent assets/liabilities at acquisition dates of the relevant Indonesian broker groups; they are not additional year-end consolidated assets.
Final dividends paid in FY2025 relate to FY2024; FY2025 proposed final dividend is subject to shareholder approval and was not recognised as a year-end liability.
The property/plant/equipment note separately shows land and building plus six other asset classes and total. Shared 31 December 2024 / 1 January 2025 balances are repeated only to present both annual roll-forwards.
The business-chart total transaction value is printed as ($33.3b), a parenthesised total annotation, and is displayed as positive SGD 33.3 billion. Monetary parentheses in financial statements continue to indicate negative amounts.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.