WEE HUR HOLDINGS LTD ANNUAL REPORT 2025
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated statement of comprehensive income — FY2025 report — panel1 | |||
| Revenue$’000 | 295,439 | 200,794 | PDF p. 56 |
| Cost of sales$’000 | (159,722) | (117,785) | PDF p. 56 |
| Gross profit$’000 | 135,717 | 83,009 | PDF p. 56 |
| Other income | |||
| – Interest$’000 | 11,322 | 4,286 | PDF p. 56 |
| – Others$’000 | 11,827 | 4,285 | PDF p. 56 |
| Other gains and losses | |||
| – Reversal of loss on financial assets$’000 | – | 434 | PDF p. 56 |
| – Others$’000 | 8,394 | (16,409) | PDF p. 56 |
| Net loss from fair value adjustment on investment properties$’000 | (49,425) | (37,353) | PDF p. 56 |
| Expenses | |||
| – Administrative$’000 | (39,557) | (29,817) | PDF p. 56 |
| – Distribution and marketing$’000 | (1,442) | (1,505) | PDF p. 56 |
| – Finance$’000 | (9,118) | (7,768) | PDF p. 56 |
| Share of (loss)/profit from investments in associates and joint ventures 22,$’000 | (2,062) | 64,861 | PDF p. 56 |
| Profit before income tax$’000 | 65,656 | 64,023 | PDF p. 56 |
| Income tax credit/(expense)$’000 | 1,023 | (7,044) | PDF p. 56 |
| Total profit$’000 | 66,679 | 56,979 | PDF p. 56 |
Original report: PDF p. 56 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Item that may be reclassified subsequently to profit or loss | |||
| Currency translation differences arising from consolidation – gain/(loss)$’000 | 1,236 | (1,161) | PDF p. 56 |
| Items that will not be reclassified subsequently to profit or loss | |||
| Currency translation differences arising from consolidation - gain$’000 | 1 | – | PDF p. 56 |
| Financial assets, at FVOCI – Fair value gains – equity investments$’000 | 1,506 | – | PDF p. 56 |
| Other comprehensive income/(loss), net of tax$’000 | 2,743 | (1,161) | PDF p. 56 |
| Total comprehensive income$’000 | 69,422 | 55,818 | PDF p. 56 |
| Profit/(loss) attributable to: | |||
| Equity holders of the Company$’000 | 68,426 | 54,030 | PDF p. 56 |
| Non-controlling interests$’000 | (1,747) | 2,949 | PDF p. 56 |
| Subtotal$’000 | 66,679 | 56,979 | PDF p. 56 |
| Total comprehensive income/(loss) attributable to: | |||
| Equity holders of the Company$’000 | 71,168 | 52,869 | PDF p. 56 |
| Non-controlling interests$’000 | (1,746) | 2,949 | PDF p. 56 |
| Subtotal$’000 | 69,422 | 55,818 | PDF p. 56 |
Original report: PDF p. 56 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Total comprehensive income/(loss) attributable to: | |||
| Earnings per share for profit attributable to equity holders of the Company (cents per share) Basic and diluted earnings per sharecents per share | 7.44 | 5.88 | PDF p. 56 |
Original report: PDF p. 56 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Current assets | |||
| Development properties$’000 | 62,909 | 109,296 | PDF p. 57 |
| Trade and other receivables$’000 | 127,494 | 84,193 | PDF p. 57 |
| Loan receivables$’000 | 58,712 | 16,459 | PDF p. 57 |
| Derivative financial instruments$’000 | 2,883 | – | PDF p. 57 |
| Cash and bank balances$’000 | 250,820 | 101,849 | PDF p. 57 |
| Subtotal$’000 | 502,818 | 311,797 | PDF p. 57 |
| Non-current assets | |||
| Property, plant and equipment$’000 | 27,607 | 28,660 | PDF p. 57 |
| Investment properties$’000 | 204,658 | 185,946 | PDF p. 57 |
| Investments in associates$’000 | 32,806 | 39,204 | PDF p. 57 |
| Investments in joint ventures$’000 | 4,402 | 395,836 | PDF p. 57 |
| Financial assets, at FVPL$’000 | 175,651 | 33,476 | PDF p. 57 |
| Financial assets, at FVOCI$’000 | 73,040 | – | PDF p. 57 |
| Deferred income tax assets$’000 | 13,583 | – | PDF p. 57 |
| Trade and other receivables$’000 | 7,086 | 8,471 | PDF p. 57 |
| Loan receivables$’000 | 174,126 | 28,429 | PDF p. 57 |
| Subtotal$’000 | 712,959 | 720,022 | PDF p. 57 |
| Total assets$’000 | 1,215,777 | 1,031,819 | PDF p. 57 |
| Current liabilities | |||
| Current income tax liabilities$’000 | 9,963 | 5,735 | PDF p. 57 |
| Trade and other payables$’000 | 134,914 | 115,251 | PDF p. 57 |
| Borrowings and lease liabilities$’000 | 62,665 | 71,813 | PDF p. 57 |
| Subtotal$’000 | 207,542 | 192,799 | PDF p. 57 |
| Non-current liabilities | |||
| Deferred income tax liabilities$’000 | 2,434 | 2,386 | PDF p. 57 |
| Other payables$’000 | 42,215 | 30,703 | PDF p. 57 |
| Borrowings and lease liabilities$’000 | 327,004 | 143,873 | PDF p. 57 |
| Subtotal$’000 | 371,653 | 176,962 | PDF p. 57 |
| Total liabilities$’000 | 579,195 | 369,761 | PDF p. 57 |
| NET ASSETS$’000 | 636,582 | 662,058 | PDF p. 57 |
| EQUITY | |||
| Capital and reserves attributable to equity holders of the Company Share capital$’000 | 125,733 | 125,733 | PDF p. 57 |
| Currency translation reserve$’000 | (2,435) | (3,671) | PDF p. 57 |
| Fair value reserve$’000 | 1,506 | – | PDF p. 57 |
| Retained profits$’000 | 523,557 | 531,430 | PDF p. 57 |
| Subtotal$’000 | 648,361 | 653,492 | PDF p. 57 |
| Non-controlling interests$’000 | (11,779) | 8,566 | PDF p. 57 |
| Total equity$’000 | 636,582 | 662,058 | PDF p. 57 |
Original report: PDF p. 57 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company | 2024Company | Source |
|---|---|---|---|
| Current assets | |||
| Trade and other receivables$’000 | 8,062 | 21,834 | PDF p. 57 |
| Loan receivables$’000 | 35,486 | 46,148 | PDF p. 57 |
| Derivative financial instruments$’000 | 2,883 | – | PDF p. 57 |
| Cash and bank balances$’000 | 97,980 | 16,645 | PDF p. 57 |
| Subtotal$’000 | 144,411 | 84,627 | PDF p. 57 |
| Non-current assets | |||
| Property, plant and equipment$’000 | 716 | 886 | PDF p. 57 |
| Investments in subsidiaries$’000 | 57,911 | 31,137 | PDF p. 57 |
| Investment in an associate$’000 | 15,334 | 15,334 | PDF p. 57 |
| Investment in a joint venture$’000 | 1,309 | 246,836 | PDF p. 57 |
| Financial assets, at FVPL$’000 | 1,193 | 2,932 | PDF p. 57 |
| Deferred income tax assets$’000 | 523 | 266 | PDF p. 57 |
| Other receivables$’000 | 1,912 | 1,983 | PDF p. 57 |
| Loan receivables$’000 | 516,765 | 117,064 | PDF p. 57 |
| Subtotal$’000 | 595,663 | 416,438 | PDF p. 57 |
| Total assets$’000 | 740,074 | 501,065 | PDF p. 57 |
| Current liabilities | |||
| Current income tax liabilities$’000 | 57 | – | PDF p. 57 |
| Trade and other payables$’000 | 47,824 | 39,991 | PDF p. 57 |
| Lease liabilities$’000 | 134 | 131 | PDF p. 57 |
| Subtotal$’000 | 48,015 | 40,122 | PDF p. 57 |
| Non-current liabilities | |||
| Other payables$’000 | 33,103 | 114,963 | PDF p. 57 |
| Borrowings and lease liabilities$’000 | 202,819 | 408 | PDF p. 57 |
| Subtotal$’000 | 235,922 | 115,371 | PDF p. 57 |
| Total liabilities$’000 | 283,937 | 155,493 | PDF p. 57 |
| NET ASSETS$’000 | 456,137 | 345,572 | PDF p. 57 |
| EQUITY | |||
| Capital and reserves attributable to equity holders of the Company Share capital$’000 | 125,733 | 125,733 | PDF p. 57 |
| Retained profits$’000 | 330,404 | 219,839 | PDF p. 57 |
| Total equity$’000 | 456,137 | 345,572 | PDF p. 57 |
Original report: PDF p. 57 ↗
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| Metric / unit | 2025Group — Share capital | 2025Group — Currency translation reserve | 2025Group — Other reserves | 2025Group — Retained profits | 2025Group — Total attributable to equity holders | 2025Group — Non-controlling interests | 2025Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | ||||||||
| Balance as at 1 January 2025$’000 | 125,733 | (3,671) | – | 531,430 | 653,492 | 8,566 | 662,058 | PDF p. 58 |
| Profit/(loss) for the year$’000 | – | – | – | 68,426 | 68,426 | (1,747) | 66,679 | PDF p. 58 |
| Other comprehensive income for the year$’000 | – | 1,236 | 1,506 | – | 2,742 | 1 | 2,743 | PDF p. 58 |
| Total comprehensive income/(loss) for the year$’000 | – | 1,236 | 1,506 | 68,426 | 71,168 | (1,746) | 69,422 | PDF p. 58 |
| Dividends paid$’000 | – | – | – | (76,299) | (76,299) | (18,599) | (94,898) | PDF p. 58 |
| Total transaction with owners, recognised directly in equity$’000 | – | – | – | (76,299) | (76,299) | (18,599) | (94,898) | PDF p. 58 |
| Balance as at 31 December 2025$’000 | 125,733 | (2,435) | 1,506 | 523,557 | 648,361 | (11,779) | 636,582 | PDF p. 58 |
Original report: PDF p. 58 ↗
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| Metric / unit | 2024Group — Share capital | 2024Group — Currency translation reserve | 2024Group — Other reserves | 2024Group — Retained profits | 2024Group — Total attributable to equity holders | 2024Group — Non-controlling interests | 2024Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 | ||||||||
| Balance as at 1 January 2024$’000 | 125,733 | (2,510) | – | 482,915 | 606,138 | 22,706 | 628,844 | PDF p. 58 |
| Profit for the year$’000 | – | – | – | 54,030 | 54,030 | 2,949 | 56,979 | PDF p. 58 |
| Other comprehensive loss for the year$’000 | – | (1,161) | – | – | (1,161) | – | (1,161) | PDF p. 58 |
| Total comprehensive (loss)/income for the year$’000 | – | (1,161) | – | 54,030 | 52,869 | 2,949 | 55,818 | PDF p. 58 |
| Dividends paid$’000 | – | – | – | (5,515) | (5,515) | (16,747) | (22,262) | PDF p. 58 |
| Capital contribution from non-controlling interests$’000 | – | – | – | – | – | 8 | 8 | PDF p. 58 |
| Return of capital to non-controlling interests$’000 | – | – | – | – | – | (350) | (350) | PDF p. 58 |
| Total transactions with owners, recognised directly in equity$’000 | – | – | – | (5,515) | (5,515) | (17,089) | (22,604) | PDF p. 58 |
| Balance as at 31 December 2024$’000 | 125,733 | (3,671) | – | 531,430 | 653,492 | 8,566 | 662,058 | PDF p. 58 |
Original report: PDF p. 58 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Total profit$’000 | 66,679 | 56,979 | PDF p. 58 |
| Adjustments for: | |||
| – Income tax (credit)/expense$’000 | (1,023) | 7,044 | PDF p. 58 |
| – Interest income$’000 | (11,322) | (4,286) | PDF p. 58 |
| – Finance expenses$’000 | 9,118 | 7,768 | PDF p. 58 |
| – Depreciation$’000 | 2,290 | 1,986 | PDF p. 58 |
| – Distribution income from fund investments$’000 | (3,265) | (479) | PDF p. 58 |
| – Fair value (gain)/loss on financial assets, at FVPL$’000 | (4,458) | 4,018 | PDF p. 58 |
| – Fair value gain on derivative financial instruments$’000 | (2,883) | – | PDF p. 58 |
| – Fair value loss on investment properties$’000 | 49,425 | 37,353 | PDF p. 58 |
| – Gain on disposal of plant and equipment$’000 | (30) | – | PDF p. 58 |
| – Gain on disposal of investment property$’000 | (277) | – | PDF p. 58 |
| – Reversal of loss on financial assets$’000 | – | (434) | PDF p. 58 |
| – Impairment loss on development property$’000 | 1,300 | 5,016 | PDF p. 58 |
| – Unrealised currency exchange (gain)/loss$’000 | (2,321) | 2,163 | PDF p. 58 |
| – Share of loss/(profit) of associates and joint ventures$’000 | 2,062 | (64,861) | PDF p. 58 |
| Subtotal$’000 | 105,295 | 52,267 | PDF p. 58 |
| Change in working capital: – Trade and other receivables$’000 | (40,566) | 3,614 | PDF p. 58 |
| – Development properties$’000 | 46,161 | 19,998 | PDF p. 58 |
| – Trade and other payables$’000 | 36,204 | (5,061) | PDF p. 58 |
| Cash generated from operations$’000 | 147,094 | 70,818 | PDF p. 58 |
| Income tax paid$’000 | (6,653) | (6,824) | PDF p. 58 |
| Withholding tax paid$’000 | (1,332) | (231) | PDF p. 58 |
| Net cash provided by operating activities$’000 | 139,109 | 63,763 | PDF p. 58 |
Original report: PDF p. 58 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from investing activities | |||
| Additions to property, plant and equipment$’000 | (1,237) | (864) | PDF p. 59 |
| Additions to investment properties$’000 | (102,891) | (55,487) | PDF p. 59 |
| Purchases of financial assets, at FVPL$’000 | (42,295) | (21,202) | PDF p. 59 |
| Purchases of financial assets, at FVOCI$’000 | (73,868) | – | PDF p. 59 |
| Disposal of plant and equipment$’000 | 30 | – | PDF p. 59 |
| Disposal of investment property$’000 | 21,058 | – | PDF p. 59 |
| Disposal of financial assets, at FVPL$’000 | 767 | 250 | PDF p. 59 |
| Disposal of financial assets, at FVOCI$’000 | 1,031 | – | PDF p. 59 |
| Redemption of units in a joint venture$’000 | 94,420 | – | PDF p. 59 |
| Investment in associates$’000 | (3,161) | – | PDF p. 59 |
| Investment in joint ventures$’000 | (4,001) | – | PDF p. 59 |
| Repayment of loan from an associate$’000 | 2,625 | 5,558 | PDF p. 59 |
| Repayment of loan from joint ventures$’000 | 61,652 | 2,157 | PDF p. 59 |
| Repayment of loan from related parties$’000 | – | 350 | PDF p. 59 |
| Repayment of loan from a non-related party$’000 | – | 18,203 | PDF p. 59 |
| Loans to associates$’000 | – | (3,189) | PDF p. 59 |
| Loans to joint ventures$’000 | (241,637) | (15,808) | PDF p. 59 |
| Loans to related parties$’000 | (23,061) | (14,000) | PDF p. 59 |
| Interest received$’000 | 9,760 | 3,907 | PDF p. 59 |
| Distributions received from a joint venture$’000 | 200,338 | 11,223 | PDF p. 59 |
| Distributions received from an associate$’000 | 9,781 | – | PDF p. 59 |
| Distributions received from fund investments$’000 | 3,211 | 479 | PDF p. 59 |
| Net cash used in investing activities$’000 | (87,478) | (68,423) | PDF p. 59 |
Original report: PDF p. 59 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| Dividends paid to equity holders of the Company$’000 | (76,299) | (5,515) | PDF p. 59 |
| Dividends paid to non-controlling interests$’000 | (3,999) | (16,747) | PDF p. 59 |
| Capital contribution from non-controlling interests$’000 | – | 8 | PDF p. 59 |
| Return of capital to non-controlling interests$’000 | – | (350) | PDF p. 59 |
| Interest paid$’000 | (7,964) | (9,788) | PDF p. 59 |
| Bank deposit unpledged$’000 | – | 6,672 | PDF p. 59 |
| Proceeds from borrowings$’000 | 173,359 | 85,899 | PDF p. 59 |
| Proceeds from issuance of medium term notes$’000 | 202,476 | – | PDF p. 59 |
| Proceeds from joint venture’s loan$’000 | 1,295 | 5,543 | PDF p. 59 |
| Proceeds from related parties’ loan$’000 | 14,632 | 16,313 | PDF p. 59 |
| Repayment of borrowings$’000 | (172,679) | (37,238) | PDF p. 59 |
| Repayment of joint venture’s loan$’000 | (4,437) | (5,229) | PDF p. 59 |
| Repayment of related party’s loan$’000 | (1,217) | – | PDF p. 59 |
| Principal payment of lease liabilities$’000 | (29,324) | (31,839) | PDF p. 59 |
| Net cash provided by financing activities$’000 | 95,843 | 7,729 | PDF p. 59 |
| Net increase in cash and cash equivalents$’000 | 147,474 | 3,069 | PDF p. 59 |
| Cash and cash equivalents | |||
| Beginning of financial year$’000 | 101,849 | 100,644 | PDF p. 59 |
| Effects of currency translation on cash and cash equivalents$’000 | 1,497 | (1,864) | PDF p. 59 |
| End of financial year$’000 | 250,820 | 101,849 | PDF p. 59 |
Original report: PDF p. 59 ↗
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| Metric / unit | 2025Group — 1 January | 2025Group — Proceeds from borrowings | 2025Group — Principal and interest payments | 2025Group — Addition of lease | 2025Group — Interest expense | 2025Group — Foreign exchange movement | 2025Group — 31 December | Source |
|---|---|---|---|---|---|---|---|---|
| Reconciliation of financing liabilities — FY2025 — FY2025 report | ||||||||
| Borrowings$’000 | 134,297 | 173,359 | (172,679) | – | – | – | 134,977 | PDF p. 60 |
| Medium term notes$’000 | – | 202,476 | – | – | 68 | – | 202,544 | PDF p. 60 |
| # Interest payables$’000 | 114 | – | (4,655) | – | 6,118 | – | 1,577 | PDF p. 60 |
| Associate’s loan$’000 | 5,400 | – | – | – | – | – | 5,400 | PDF p. 60 |
| Joint venture’s loan$’000 | 4,283 | 1,295 | (4,437) | – | – | 154 | 1,295 | PDF p. 60 |
| Related parties’ loan$’000 | 28,703 | 14,632 | (1,217) | – | – | 97 | 42,215 | PDF p. 60 |
| Lease liabilities$’000 | 81,389 | – | (32,633) | 83 | 3,309 | – | 52,148 | PDF p. 60 |
Original report: PDF p. 60 ↗
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| Metric / unit | 2024Group — 1 January | 2024Group — Proceeds from borrowings | 2024Group — Principal and interest payments | 2024Group — Interest expense | 2024Group — Foreign exchange movement | 2024Group — 31 December | Source |
|---|---|---|---|---|---|---|---|
| Reconciliation of financing liabilities — FY2024 — FY2025 report | |||||||
| Borrowings$’000 | 85,636 | 85,899 | (37,238) | – | – | 134,297 | PDF p. 60 |
| # Interest payables$’000 | 51 | – | (5,099) | 5,162 | – | 114 | PDF p. 60 |
| Associate’s loan$’000 | 5,400 | – | – | – | – | 5,400 | PDF p. 60 |
| Joint venture’s loan$’000 | 4,246 | 5,543 | (5,229) | – | (277) | 4,283 | PDF p. 60 |
| Related parties’ loan$’000 | 12,567 | 16,313 | – | – | (177) | 28,703 | PDF p. 60 |
| Lease liabilities$’000 | 113,228 | – | (36,528) | 4,689 | – | 81,389 | PDF p. 60 |
Original report: PDF p. 60 ↗
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Consolidated statement of comprehensive income | ||||||
| Revenue$’000 | 295,439 | 200,794 | 224,842 | 215,890 | 188,617 | PDF p. 9 |
| Total profit$’000 | 66,679 | 56,979 | 124,765 | 136,040 | 14,457 | PDF p. 9 |
| Profit attributable to equity holders of the Company$’000 | 68,426 | 54,030 | 98,566 | 67,923 | 662 | PDF p. 9 |
Original report: PDF p. 9 ↗
The summary labels this section “CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ($’000)”.
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Balance sheet – Group | ||||||
| Investment properties$’000 | 204,658 | 185,946 | 166,563 | 25,796 | 877,446 | PDF p. 9 |
| Investments in associates$’000 | 32,806 | 39,204 | 25,675 | 21,354 | 51,579 | PDF p. 9 |
| Investments in joint ventures$’000 | 4,402 | 395,836 | 355,727 | – | – | PDF p. 9 |
| Financial assets, at FVPL$’000 | 175,651 | 33,476 | 15,980 | 12,261 | 11,921 | PDF p. 9 |
| Financial assets, at FVOCI$’000 | 73,040 | – | – | – | – | PDF p. 9 |
| Development properties$’000 | 62,909 | 109,296 | 134,794 | 168,818 | 196,297 | PDF p. 9 |
| Cash and bank balances$’000 | 250,820 | 101,849 | 107,316 | 38,525 | 53,430 | PDF p. 9 |
| Other assets$’000 | 411,491 | 166,212 | 167,720 | 1,125,426 | 177,738 | PDF p. 9 |
| Balance sheet – Group; Less: | ||||||
| Borrowings and lease liabilities$’000 | 389,669 | 215,686 | 198,864 | 103,848 | 605,532 | PDF p. 9 |
| Other liabilities$’000 | 189,526 | 154,075 | 146,067 | 584,945 | 152,508 | PDF p. 9 |
| Balance sheet – Group | ||||||
| Net assets$’000 | 636,582 | 662,058 | 628,844 | 703,387 | 610,371 | PDF p. 9 |
| Equity attributable to equity holders of the Company$’000 | 648,361 | 653,492 | 606,138 | 490,036 | 449,091 | PDF p. 9 |
| Non-controlling interests$’000 | (11,779) | 8,566 | 22,706 | 213,351 | 161,280 | PDF p. 9 |
| Total equity$’000 | 636,582 | 662,058 | 628,844 | 703,387 | 610,371 | PDF p. 9 |
Original report: PDF p. 9 ↗
The section heading is printed “BALANCE SHEET – GROUP ($’000)”. “Less:” precedes Borrowings and lease liabilities and Other liabilities in the source.
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Key performance metrics | ||||||
| Earnings per share (cent)cents per share | 7.44 | 5.88 | 10.72 | 7.39 | 0.07 | PDF p. 9 |
| Net asset value per share ($)Singapore dollars per share | 0.71 | 0.71 | 0.66 | 0.53 | 0.49 | PDF p. 9 |
| Return on equity (%)% | 10.55 | 8.27 | 16.26 | 13.86 | 0.15 | PDF p. 9 |
| Dividends declared for the period ($'000)$'000 | 13,789 | 73,540 | 5,515 | 4,596 | 4,596 | PDF p. 9 |
| Dividend per share (cent)cents per share | 1.50 | 8.00 | 0.60 | 0.50 | 0.50 | PDF p. 9 |
| Dividend payout ratio% | 20.2 | 136.1 | 5.6 | 6.8 | 694.3 | PDF p. 9 |
Original report: PDF p. 9 ↗
The summary lists these metrics under “KEY PERFORMANCE METRICS”. The report also states in its dividend discussion that the FY2025 final tax-exempt dividend is S$0.01 per ordinary share and, together with the S$0.005 interim dividend, totals S$0.015 per ordinary share; page 9’s exact text is “The Board has declared a final tax-exempt dividend of S$0.01 per ordinary share for FY2025. Together with the interim dividend of S$0.005 per share, total dividends for the year amount to S$0.015 per ordinary share.”
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Financial highlights | ||||||
| Adjusted Net Profit*$ million | 106 | 46 | 18 | 4 | (13) | PDF p. 8 |
Original report: PDF p. 8 ↗
The chart’s FY2025–FY2021 adjusted net profit values are read in the same order as its printed year labels. Its definition is: “Adjusted Net Profit is based on net profit after tax, excluding the effects of (i) other gains and losses , (ii) share of result from associates and joint ventures, and (ii) one-off non-recurring income.” The report prints “(ii)” twice.
Source chart definition: adjusted net profit is based on net profit after tax, excluding other gains and losses, share of result from associates and joint ventures, and one-off non-recurring income. This definition is printed on PDF page8.
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| Metric / unit | 2025Group — paid during fiscal year | 2024Group — paid during fiscal year | Source |
|---|---|---|---|
| Dividends — declared and paid amounts | |||
| Ordinary dividends Final dividend paid in respect of the previous financial year of 0.80 cent (2024: 0.40 cent) per share$’000 | 7,354 | 3,677 | PDF p. 90 |
| Interim dividend paid in respect of current financial year of 0.50 cent (2024: 0.20 cent) per share$’000 | 4,597 | 1,838 | PDF p. 90 |
| Special dividend Special dividend paid in respect of the previous financial year of 7.0 cent (2024: $Nil) per share$’000 | 64,348 | – | PDF p. 90 |
| Total dividends paid in the year$’000 | 76,299 | 5,515 | PDF p. 90 |
Original report: PDF p. 90 ↗
Paid dividends relating to earlier financial years remain distinct from dividends declared for the current financial period.
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| Metric / unit | 2025Group — rate paid during fiscal year; in respect of period printed in row label | 2024Group — rate paid during fiscal year; in respect of period printed in row label | Source |
|---|---|---|---|
| Paid dividend rate | |||
| Final dividend paid in respect of the previous financial yearcents per share | 0.80 | 0.40 | PDF p. 90 |
| Interim dividend paid in respect of current financial yearcents per share | 0.50 | 0.20 | PDF p. 90 |
| Special dividend paid in respect of the previous financial yearcents per share | 7.0 | Nil | PDF p. 90 |
Original report: PDF p. 90 ↗
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| Metric / unit | 2025Group — proposed for FY2025; subject to shareholder approval, not accrued as liability | Source |
|---|---|---|
| Proposed final dividend | ||
| a final dividend of 1 cent per ordinary sharecents per share | 1 | PDF p. 90 |
Original report: PDF p. 90 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — adjusted net profit, as defined in the source chart footnote | Source |
|---|---|---|
| FINANCIAL REVIEW | ||
| adjusted net profitSingapore dollars million | 105.5 | PDF p. 9 |
Original report: PDF p. 9 ↗
The chart displays rounded whole-million values, including106 for FY2025; the FY2025 narrative separately prints105.5million. Both original precisions are preserved.
Source chart definition: adjusted net profit is based on net profit after tax, excluding other gains and losses, share of result from associates and joint ventures, and one-off non-recurring income. This definition is printed on PDF page8.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Consolidated statement of comprehensive income — FY2023 report — panel1 | |||
| Continuing operations Revenue$’000 | 224,842 | 215,890 | PDF p. 97 |
| Cost of sales$’000 | (171,241) | (190,535) | PDF p. 97 |
| Gross profit$’000 | 53,601 | 25,355 | PDF p. 97 |
| Other income | |||
| – Interest$’000 | 1,837 | 2,965 | PDF p. 97 |
| – Others$’000 | 4,476 | 9,689 | PDF p. 97 |
| Other gains and losses | |||
| – Impairment loss on financial assets$’000 | (3,572) | (102) | PDF p. 97 |
| – Others$’000 | (7,413) | (17,514) | PDF p. 97 |
| Net gain/(loss) from fair value adjustment on investment properties$’000 | 26,923 | (14,667) | PDF p. 97 |
| Expenses | |||
| – Administrative$’000 | (26,939) | (26,990) | PDF p. 97 |
| – Distribution and marketing$’000 | (1,666) | (1,373) | PDF p. 97 |
| – Finance$’000 | (4,539) | (2,995) | PDF p. 97 |
| Share of profit from investments in associates and joint ventures 22,$’000 | 126,390 | 531 | PDF p. 97 |
| Profit/(loss) before income tax$’000 | 169,098 | (25,101) | PDF p. 97 |
| Income tax expense$’000 | (8,860) | (3,067) | PDF p. 97 |
| Profit/(loss) from continuing operations$’000 | 160,238 | (28,168) | PDF p. 97 |
| Discontinued operations (Loss)/profit from discontinued operations$’000 | (35,473) | 164,208 | PDF p. 97 |
| Total profit$’000 | 124,765 | 136,040 | PDF p. 97 |
Original report: PDF p. 97 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Items that may be reclassified subsequently to profit or loss | |||
| Currency translation differences arising from consolidation – loss$’000 | (8,954) | (22,382) | PDF p. 98 |
| Realisation of currency translation differences to profit and loss account on disposal of discontinued operations$’000 | 31,086 | – | PDF p. 98 |
| Items that will not be reclassified subsequently to profit or loss | |||
| Currency translation differences arising from consolidation – loss$’000 | (5,776) | (13,965) | PDF p. 98 |
| Realisation of currency translation differences$’000 | 20,442 | – | PDF p. 98 |
| Other comprehensive income/(loss), net of tax$’000 | 36,798 | (36,347) | PDF p. 98 |
| Total comprehensive income$’000 | 161,563 | 99,693 | PDF p. 98 |
| Profit attributable to: Equity holders of the Company$’000 | 98,566 | 67,923 | PDF p. 98 |
| Non-controlling interests$’000 | 26,199 | 68,117 | PDF p. 98 |
| Subtotal$’000 | 124,765 | 136,040 | PDF p. 98 |
| Profit/(loss) attributable to equity holders of the Company relates to: | |||
| Subtotal$’000 | 132,825 | (33,407) | PDF p. 98 |
| Profit/(loss) from continuing operations$’000 | (34,259) | 101,330 | PDF p. 98 |
| (Loss)/profit from discontinued operations$’000 | 98,566 | 67,923 | PDF p. 98 |
| Total comprehensive income attributable to: | |||
| Subtotal$’000 | 120,698 | 45,541 | PDF p. 98 |
| Equity holders of the Company | |||
| Subtotal$’000 | 40,865 | 54,152 | PDF p. 98 |
| Non-controlling interests$’000 | 161,563 | 99,693 | PDF p. 98 |
Original report: PDF p. 98 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Company (cents per share) | |||
| Basic and diluted earnings/(loss) per share From continuing operationscents per share | 14.45 | (3.63) | PDF p. 98 |
| From discontinued operationscents per share | (3.73) | 11.02 | PDF p. 98 |
Original report: PDF p. 98 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Current assets | |||
| Development properties$’000 | 134,794 | 168,818 | PDF p. 99 |
| Trade and other receivables$’000 | 124,902 | 86,506 | PDF p. 99 |
| Financial assets, at FVPL$’000 | 250 | 246 | PDF p. 99 |
| Cash and bank balances$’000 | 107,316 | 38,525 | PDF p. 99 |
| Subtotal$’000 | 367,262 | 294,095 | PDF p. 99 |
| Assets of disposal group classified as held‑for‑sale$’000 | – | 996,697 | PDF p. 99 |
| Subtotal$’000 | 367,262 | 1,290,792 | PDF p. 99 |
| Non-current assets | |||
| Property, plant and equipment$’000 | 29,784 | 30,954 | PDF p. 99 |
| Investment properties$’000 | 166,563 | 25,796 | PDF p. 99 |
| Investment in associates$’000 | 25,675 | 21,354 | PDF p. 99 |
| Investment in joint ventures$’000 | 355,727 | – | PDF p. 99 |
| Financial assets, at FVPL$’000 | 15,730 | 12,015 | PDF p. 99 |
| Deferred income tax assets$’000 | 972 | 3,274 | PDF p. 99 |
| Trade and other receivables$’000 | 12,062 | 7,995 | PDF p. 99 |
| Subtotal$’000 | 606,513 | 101,388 | PDF p. 99 |
| Total assets$’000 | 973,775 | 1,392,180 | PDF p. 99 |
| Current liabilities | |||
| Current income tax liabilities$’000 | 6,677 | 4,057 | PDF p. 99 |
| Trade and other payables$’000 | 122,380 | 92,889 | PDF p. 99 |
| Borrowings$’000 | 116,370 | 34,826 | PDF p. 99 |
| Subtotal$’000 | 245,427 | 131,772 | PDF p. 99 |
| Liabilities directly associated with disposal group classified as held‑for‑sale$’000 | – | 472,395 | PDF p. 99 |
| Subtotal$’000 | 245,427 | 604,167 | PDF p. 99 |
| Non-current liabilities | |||
| Borrowings$’000 | 82,494 | 69,022 | PDF p. 99 |
| Deferred income tax liabilities$’000 | 2,443 | 3,604 | PDF p. 99 |
| Other payables$’000 | 14,567 | 12,000 | PDF p. 99 |
| Subtotal$’000 | 99,504 | 84,626 | PDF p. 99 |
| Total liabilities$’000 | 344,931 | 688,793 | PDF p. 99 |
| NET ASSETS$’000 | 628,844 | 703,387 | PDF p. 99 |
| EQUITY | |||
| Capital and reserves attributable to equity holders of the Company Share capital$’000 | 125,733 | 125,733 | PDF p. 99 |
| Currency translation reserve$’000 | (2,510) | (24,642) | PDF p. 99 |
| Retained profits$’000 | 482,915 | 388,945 | PDF p. 99 |
| Subtotal$’000 | 606,138 | 490,036 | PDF p. 99 |
| Non-controlling interests$’000 | 22,706 | 213,351 | PDF p. 99 |
| Total equity$’000 | 628,844 | 703,387 | PDF p. 99 |
Original report: PDF p. 99 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company | 2022Company | Source |
|---|---|---|---|
| Current assets | |||
| Trade and other receivables$’000 | 79,971 | 57,203 | PDF p. 100 |
| Financial assets, at FVPL$’000 | 250 | 246 | PDF p. 100 |
| Cash and bank balances$’000 | 11,930 | 5,998 | PDF p. 100 |
| Subtotal$’000 | 92,151 | 63,447 | PDF p. 100 |
| Non-current asset classified as held‑for‑sale$’000 | – | 234,524 | PDF p. 100 |
| Subtotal$’000 | 92,151 | 297,971 | PDF p. 100 |
| Non-current assets | |||
| Property, plant and equipment$’000 | 674 | 488 | PDF p. 100 |
| Investment in an associate$’000 | 15,334 | 10,188 | PDF p. 100 |
| Investment in subsidiaries$’000 | 28,705 | 16,870 | PDF p. 100 |
| Investment in a joint venture$’000 | 246,836 | – | PDF p. 100 |
| Financial assets, at FVPL$’000 | 4,446 | 5,188 | PDF p. 100 |
| Deferred income tax assets$’000 | 800 | 852 | PDF p. 100 |
| Other receivables$’000 | 75,372 | 61,779 | PDF p. 100 |
| Subtotal$’000 | 372,167 | 95,365 | PDF p. 100 |
| Total assets$’000 | 464,318 | 393,336 | PDF p. 100 |
| Current liabilities | |||
| Trade and other payables$’000 | 49,934 | 33,411 | PDF p. 100 |
| Borrowings$’000 | 5,829 | 162 | PDF p. 100 |
| Subtotal$’000 | 55,763 | 33,573 | PDF p. 100 |
| Non-current liabilities | |||
| Borrowings$’000 | 539 | 325 | PDF p. 100 |
| Other payables$’000 | 64,443 | 52,589 | PDF p. 100 |
| Subtotal$’000 | 64,982 | 52,914 | PDF p. 100 |
| Total liabilities$’000 | 120,745 | 86,487 | PDF p. 100 |
| NET ASSETS$’000 | 343,573 | 306,849 | PDF p. 100 |
| EQUITY | |||
| Capital and reserves attributable to equity holders of the Company Share capital$’000 | 125,733 | 125,733 | PDF p. 100 |
| Retained profits$’000 | 217,840 | 181,116 | PDF p. 100 |
| Total equity$’000 | 343,573 | 306,849 | PDF p. 100 |
Original report: PDF p. 100 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — Share capital | 2023Group — Currency translation reserve | 2023Group — Retained profits | 2023Group — Total attributable to equity holders | 2023Group — Non-controlling interests | 2023Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| 2023 | |||||||
| Balance as at 1 January 2023$’000 | 125,733 | (24,642) | 388,945 | 490,036 | 213,351 | 703,387 | PDF p. 101 |
| Profit for the year$’000 | – | – | 98,566 | 98,566 | 26,199 | 124,765 | PDF p. 101 |
| Other comprehensive income for the year$’000 | – | 22,132 | – | 22,132 | 14,666 | 36,798 | PDF p. 101 |
| Total comprehensive income for the year$’000 | – | 22,132 | 98,566 | 120,698 | 40,865 | 161,563 | PDF p. 101 |
| Dividends paid$’000 | – | – | (4,596) | (4,596) | (16,400) | (20,996) | PDF p. 101 |
| Disposal of controlling interest in discontinued operations$’000 | – | – | – | – | (215,110) | (215,110) | PDF p. 101 |
| Total transactions with owners, recognised directly in equity$’000 | – | – | (4,596) | (4,596) | (231,510) | (236,106) | PDF p. 101 |
| Balance as at 31 December 2023$’000 | 125,733 | (2,510) | 482,915 | 606,138 | 22,706 | 628,844 | PDF p. 101 |
Original report: PDF p. 101 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Share capital | 2022Group — Currency translation reserve | 2022Group — Retained profits | 2022Group — Total attributable to equity holders | 2022Group — Non-controlling interests | 2022Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| 2022 | |||||||
| Balance as at 1 January 2022$’000 | 125,733 | (2,260) | 325,618 | 449,091 | 161,280 | 610,371 | PDF p. 101 |
| Profit for the year$’000 | – | – | 67,923 | 67,923 | 68,117 | 136,040 | PDF p. 101 |
| Other comprehensive loss for the year$’000 | – | (22,382) | – | (22,382) | (13,965) | (36,347) | PDF p. 101 |
| Total comprehensive (loss)/income for the year$’000 | – | (22,382) | 67,923 | 45,541 | 54,152 | 99,693 | PDF p. 101 |
| Dividends paid$’000 | – | – | (4,596) | (4,596) | (1,681) | (6,277) | PDF p. 101 |
| Return of capital to non-controlling interests$’000 | – | – | – | – | (400) | (400) | PDF p. 101 |
| Total transactions with owners, recognised directly in equity$’000 | – | – | (4,596) | (4,596) | (2,081) | (6,677) | PDF p. 101 |
| Balance as at 31 December 2022$’000 | 125,733 | (24,642) | 388,945 | 490,036 | 213,351 | 703,387 | PDF p. 101 |
Original report: PDF p. 101 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Total profit$’000 | 124,765 | 136,040 | PDF p. 102 |
| Adjustments for: | |||
| – Income tax expense$’000 | 9,219 | 29,431 | PDF p. 102 |
| – Interest income$’000 | (2,031) | (3,866) | PDF p. 102 |
| – Finance expenses$’000 | 11,798 | 19,754 | PDF p. 102 |
| – Depreciation$’000 | 2,243 | 2,023 | PDF p. 102 |
| – Impairment loss on financial assets$’000 | 3,574 | 107 | PDF p. 102 |
| – Impairment loss on development property$’000 | 4,114 | 7,893 | PDF p. 102 |
| – Fair value loss/(gain) on derivative financial instruments$’000 | 265 | (1,238) | PDF p. 102 |
| – Fair value gain on investment properties$’000 | (23,846) | (166,008) | PDF p. 102 |
| – Fair value loss on financial assets, at FVPL$’000 | 3,059 | 3,457 | PDF p. 102 |
| – Loss on disposal of discontinued operations$’000 | 34,779 | – | PDF p. 102 |
| – Loss on disposal of financial assets, at FVPL$’000 | – | 30 | PDF p. 102 |
| – Loss/(gain) on disposal of property, plant and equipment$’000 | 38 | (125) | PDF p. 102 |
| – Unrealised currency exchange (gain)/loss$’000 | (1,414) | 4,046 | PDF p. 102 |
| – Share of profit of associates and joint ventures$’000 | (126,390) | (531) | PDF p. 102 |
| Subtotal$’000 | 40,173 | 31,013 | PDF p. 102 |
| Change in working capital: – Trade and other receivables$’000 | (1,853) | 7,276 | PDF p. 102 |
| – Development properties$’000 | 30,123 | 17,271 | PDF p. 102 |
| – Trade and other payables$’000 | 21,734 | (10,098) | PDF p. 102 |
| Cash generated from operations$’000 | 90,177 | 45,462 | PDF p. 102 |
| Income tax paid$’000 | (4,943) | (2,708) | PDF p. 102 |
| Withholding tax paid$’000 | (472) | (600) | PDF p. 102 |
| Net cash provided by operating activities$’000 | 84,762 | 42,154 | PDF p. 102 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment$’000 | (1,107) | (386) | PDF p. 102 |
| Additions to investment properties$’000 | (26,513) | (80,186) | PDF p. 102 |
| Purchases of financial assets, at FVPL$’000 | (6,968) | (5,411) | PDF p. 102 |
| Disposal of discontinued operations, net of cash disposed of$’000 | (6,325) | – | PDF p. 102 |
| Disposal of plant and equipment$’000 | – | 134 | PDF p. 102 |
| Disposal of financial assets, at FVPL$’000 | – | 1,500 | PDF p. 102 |
| Investment in associates and joint ventures$’000 | (24) | (5,994) | PDF p. 102 |
| Repayment of loan from an associate$’000 | 12,238 | 38,416 | PDF p. 102 |
| Repayment of loan from a joint venture$’000 | 10,980 | – | PDF p. 102 |
| Loans to associates$’000 | (12,827) | (4,407) | PDF p. 102 |
| Loans to joint ventures$’000 | (13,280) | – | PDF p. 102 |
| Loans to a non-related party$’000 | – | (96) | PDF p. 102 |
| Interest received$’000 | 1,941 | 1,088 | PDF p. 102 |
| Dividends received$’000 | 6,300 | 36,750 | PDF p. 102 |
| Distributions received$’000 | 6,902 | – | PDF p. 102 |
| Net cash used in investing activities$’000 | (28,683) | (18,592) | PDF p. 102 |
Original report: PDF p. 102 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| Dividends paid to equity holders of the Company$’000 | (4,596) | (4,596) | PDF p. 103 |
| Dividends paid to non-controlling interests$’000 | (16,400) | (1,681) | PDF p. 103 |
| Return of capital to non-controlling interests$’000 | – | (400) | PDF p. 103 |
| Interest paid$’000 | (11,411) | (19,824) | PDF p. 103 |
| Bank deposit pledged$’000 | (6,672) | – | PDF p. 103 |
| Proceeds from borrowings$’000 | 50,781 | 92,617 | PDF p. 103 |
| Proceeds from joint venture’s loan$’000 | 9,332 | – | PDF p. 103 |
| Proceeds from associate’s loan$’000 | 5,400 | – | PDF p. 103 |
| Proceeds from related parties’ loan$’000 | 564 | – | PDF p. 103 |
| Repayment of borrowings$’000 | (17,284) | (81,782) | PDF p. 103 |
| Repayment of joint venture’s loan$’000 | (5,209) | – | PDF p. 103 |
| Repayment of related parties’ loan$’000 | – | (7,600) | PDF p. 103 |
| Principal payment of lease liabilities$’000 | (6,711) | (6,304) | PDF p. 103 |
| Net cash used in financing activities$’000 | (2,206) | (29,570) | PDF p. 103 |
| Net increase/(decrease) in cash and cash equivalents$’000 | 53,873 | (6,008) | PDF p. 103 |
| Cash and cash equivalents | |||
| Beginning of financial year$’000 | 47,258 | 53,430 | PDF p. 103 |
| Effects of currency translation on cash and cash equivalents$’000 | (487) | (164) | PDF p. 103 |
| End of financial year$’000 | 100,644 | 47,258 | PDF p. 103 |
Original report: PDF p. 103 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — 1 January | 2023Group — Proceeds from borrowings | 2023Group — Principal and interest payments | 2023Group — Addition of lease | 2023Group — Disposal of discontinued operations | 2023Group — Interest expense | 2023Group — Foreign exchange movement | 2023Group — 31 December | Source |
|---|---|---|---|---|---|---|---|---|---|
| Reconciliation of financing liabilities — FY2023 — FY2023 report | |||||||||
| Borrowings – Continuing operations$’000 | 97,220 | 5,700 | (17,284) | – | – | – | – | 85,636 | PDF p. 104 |
| # Interest payables – Continuing operations$’000 | 45 | – | (4,453) | – | – | 4,459 | – | 51 | PDF p. 104 |
| Borrowings – Discontinued operations$’000 | 419,680 | 45,081 | – | – | (451,552) | – | (13,209) | – | PDF p. 104 |
| Interest payables – Discontinued operations$’000 | 1,477 | – | (6,261) | – | (2,408) | 7,259 | (67) | – | PDF p. 104 |
| Related parties’ loan$’000 | 12,000 | 564 | – | – | – | – | 3 | 12,567 | PDF p. 104 |
| Associate’s loan$’000 | – | 5,400 | – | – | – | – | – | 5,400 | PDF p. 104 |
| Joint venture’s loan$’000 | – | 9,332 | (5,209) | – | – | – | 123 | 4,246 | PDF p. 104 |
| Lease liabilities$’000 | 6,628 | – | (7,408) | 113,311 | – | 697 | – | 113,228 | PDF p. 104 |
Original report: PDF p. 104 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — 1 January | 2022Group — Proceeds from borrowings | 2022Group — Principal and interest payments | 2022Group — Addition of lease | 2022Group — Disposal of lease | 2022Group — Interest expense | 2022Group — Foreign exchange movement | 2022Group — 31 December | Source |
|---|---|---|---|---|---|---|---|---|---|
| Reconciliation of financing liabilities — FY2022 — FY2023 report | |||||||||
| Borrowings – Continuing operations$’000 | 152,902 | 26,100 | (81,782) | – | – | – | – | 97,220 | PDF p. 104 |
| # Interest payables – Continuing operations$’000 | 9 | – | (3,690) | – | – | 3,726 | – | 45 | PDF p. 104 |
| Borrowings – Discontinued operations$’000 | 383,746 | 66,517 | – | – | – | – | (30,583) | 419,680 | PDF p. 104 |
| Interest payables – Discontinued operations$’000 | 671 | – | (15,862) | – | – | 16,759 | (91) | 1,477 | PDF p. 104 |
| Related parties’ loan$’000 | 19,600 | – | (7,600) | – | – | – | – | 12,000 | PDF p. 104 |
| Lease liabilities$’000 | 67,903 | – | (6,576) | 1,223 | (56,194) | 272 | – | 6,628 | PDF p. 104 |
Original report: PDF p. 104 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group (Restated) | Source |
|---|---|---|---|
| Consolidated statement of comprehensive income — FY2021 report — panel1 | |||
| Revenue$’000 | 200,375 | 189,945 | PDF p. 44 |
| Cost of sales$’000 | (191,913) | (144,547) | PDF p. 44 |
| Gross profit$’000 | 8,462 | 45,398 | PDF p. 44 |
| Other income | |||
| – Interest$’000 | 5,522 | 1,887 | PDF p. 44 |
| – Others$’000 | 6,985 | 15,178 | PDF p. 44 |
| Other gains and losses | |||
| – Impairment loss on financial assets$’000 | (20) | (6) | PDF p. 44 |
| – Others$’000 | (9,024) | 21,283 | PDF p. 44 |
| Net gains/(losses) from fair value adjustment on investment properties$’000 | 59,660 | (42,685) | PDF p. 44 |
| Expenses | |||
| – Administrative$’000 | (24,875) | (22,604) | PDF p. 44 |
| – Distribution and marketing$’000 | (3,123) | (773) | PDF p. 44 |
| – Finance$’000 | (16,176) | (14,050) | PDF p. 44 |
| Share of profit of associate$’000 | 2,546 | 11,133 | PDF p. 44 |
| Profit before income tax$’000 | 29,957 | 14,761 | PDF p. 44 |
| Income tax expense$’000 | (15,500) | (2,577) | PDF p. 44 |
| Total profit$’000 | 14,457 | 12,184 | PDF p. 44 |
| Items that may be reclassified subsequently to profit or loss | |||
| Currency translation differences arising from consolidation – (losses)/gains$’000 | (1,455) | 2,831 | PDF p. 44 |
| Items that will not be reclassified subsequently to profit or loss | |||
| Currency translation differences arising from consolidation – (losses)/gains$’000 | (151) | 170 | PDF p. 44 |
| Other comprehensive (loss)/income, net of tax$’000 | (1,606) | 3,001 | PDF p. 44 |
| Total comprehensive income$’000 | 12,851 | 15,185 | PDF p. 44 |
| Profit/(loss) attributable to: | |||
| Equity holders of the Company$’000 | 662 | 24,731 | PDF p. 44 |
| Non-controlling interests$’000 | 13,795 | (12,547) | PDF p. 44 |
| Subtotal$’000 | 14,457 | 12,184 | PDF p. 44 |
| Total comprehensive income/(loss) attributable to: | |||
| Equity holders of the Company$’000 | (793) | 27,562 | PDF p. 44 |
| Non-controlling interests$’000 | 13,644 | (12,377) | PDF p. 44 |
| Subtotal$’000 | 12,851 | 15,185 | PDF p. 44 |
Original report: PDF p. 44 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group (Restated) | Source |
|---|---|---|---|
| equity holders of the Company (cent per share) | |||
| Basic and diluted EPScents per share | 0.07 | 2.69 | PDF p. 44 |
Original report: PDF p. 44 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — at31December2021 | 2020Group — at31December2020 (Restated) | 2020Group — at1January2020 (Restated) | Source |
|---|---|---|---|---|
| Current assets | ||||
| Development properties$’000 | 196,297 | 210,909 | 114,869 | PDF p. 44 |
| Trade and other receivables$’000 | 142,141 | 124,891 | 94,026 | PDF p. 44 |
| Financial assets, at FVPL$’000 | 1,761 | 3,056 | 4,571 | PDF p. 44 |
| Cash and cash equivalents$’000 | 53,430 | 105,096 | 108,619 | PDF p. 44 |
| Subtotal$’000 | 393,629 | 443,952 | 322,085 | PDF p. 44 |
| Non-current assets | ||||
| Property, plant and equipment$’000 | 32,541 | 33,227 | 33,317 | PDF p. 44 |
| Investment properties$’000 | 877,446 | 746,508 | 578,536 | PDF p. 44 |
| Investment in associates$’000 | 51,579 | 39,361 | 27,882 | PDF p. 44 |
| Financial assets, at FVPL$’000 | 10,160 | 5,520 | 3,480 | PDF p. 44 |
| Deferred income tax assets$’000 | 1,568 | 4,556 | 4,102 | PDF p. 44 |
| Trade and other receivables$’000 | 1,488 | 10,726 | 42,802 | PDF p. 44 |
| Subtotal$’000 | 974,782 | 839,898 | 690,119 | PDF p. 44 |
| Total assets$’000 | 1,368,411 | 1,283,850 | 1,012,204 | PDF p. 44 |
| Current liabilities | ||||
| Current income tax liabilities$’000 | 2,261 | 7,888 | 7,346 | PDF p. 44 |
| Trade and other payables$’000 | 115,099 | 100,430 | 124,569 | PDF p. 44 |
| Derivative financial instruments$’000 | 981 | 2,906 | – | PDF p. 44 |
| Borrowings$’000 | 429,608 | 165,245 | 103,653 | PDF p. 44 |
| Subtotal$’000 | 547,949 | 276,469 | 235,568 | PDF p. 44 |
| Non-current liabilities | ||||
| Borrowings$’000 | 174,943 | 381,608 | 175,046 | PDF p. 44 |
| Deferred income tax liabilities$’000 | 13,548 | 3,711 | 4,986 | PDF p. 44 |
| Other payables$’000 | 21,600 | 156,180 | 140,295 | PDF p. 44 |
| Subtotal$’000 | 210,091 | 541,499 | 320,327 | PDF p. 44 |
| Total liabilities$’000 | 758,040 | 817,968 | 555,895 | PDF p. 44 |
| NET ASSETS$’000 | 610,371 | 465,882 | 456,309 | PDF p. 44 |
| equity holders of the Company | ||||
| Share capital$’000 | 125,733 | 125,733 | 125,733 | PDF p. 44 |
| Currency translation reserve$’000 | (2,260) | (805) | (3,636) | PDF p. 44 |
| Retained profits$’000 | 325,618 | 329,552 | 311,256 | PDF p. 44 |
| Subtotal$’000 | 449,091 | 454,480 | 433,353 | PDF p. 44 |
| Non-controlling interests$’000 | 161,280 | 11,402 | 22,956 | PDF p. 44 |
| Total equity$’000 | 610,371 | 465,882 | 456,309 | PDF p. 44 |
Original report: PDF p. 44 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company | 2020Company | Source |
|---|---|---|---|
| Current assets | |||
| Trade and other receivables$’000 | 42,464 | 55,482 | PDF p. 45 |
| Financial assets, at FVPL$’000 | 1,761 | 3,056 | PDF p. 45 |
| Cash and cash equivalents$’000 | 10,439 | 50,377 | PDF p. 45 |
| Subtotal$’000 | 54,664 | 108,915 | PDF p. 45 |
| Non-current assets | |||
| Property, plant and equipment$’000 | 647 | 810 | PDF p. 45 |
| Investment in an associate$’000 | 9,340 | – | PDF p. 45 |
| Investment in subsidiaries$’000 | 269,423 | 58,150 | PDF p. 45 |
| Financial assets, at FVPL$’000 | 5,520 | 5,520 | PDF p. 45 |
| Deferred income tax assets$’000 | 392 | 250 | PDF p. 45 |
| Other receivables$’000 | 63,247 | 258,529 | PDF p. 45 |
| Subtotal$’000 | 348,569 | 323,259 | PDF p. 45 |
| Total assets$’000 | 403,233 | 432,174 | PDF p. 45 |
| Current liabilities | |||
| Trade and other payables$’000 | 28,586 | 21,832 | PDF p. 45 |
| Borrowings$’000 | 161 | 41,730 | PDF p. 45 |
| Subtotal$’000 | 28,747 | 63,562 | PDF p. 45 |
| Non-current liabilities | |||
| Borrowings$’000 | 487 | 648 | PDF p. 45 |
| Other payables$’000 | 46,895 | 9,771 | PDF p. 45 |
| Subtotal$’000 | 47,382 | 10,419 | PDF p. 45 |
| Total liabilities$’000 | 76,129 | 73,981 | PDF p. 45 |
| NET ASSETS$’000 | 327,104 | 358,193 | PDF p. 45 |
| equity holders of the Company | |||
| Share capital$’000 | 125,733 | 125,733 | PDF p. 45 |
| Retained profits$’000 | 201,371 | 232,460 | PDF p. 45 |
| Total equity$’000 | 327,104 | 358,193 | PDF p. 45 |
Original report: PDF p. 45 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Share capital | 2021Group — Currency translation reserve | 2021Group — Retained profits | 2021Group — Total attributable to equity holders | 2021Group — Non-controlling interests | 2021Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| 2021 | |||||||
| Balance as at 1 January 2021 (as previously stated)$’000 | 125,733 | (699) | 292,875 | 417,909 | 1,983 | 419,892 | PDF p. 45 |
| Effect of the change in accounting policies$’000 | – | (106) | 36,677 | 36,571 | 9,419 | 45,990 | PDF p. 45 |
| Balance as at 1 January 2021 (as restated)$’000 | 125,733 | (805) | 329,552 | 454,480 | 11,402 | 465,882 | PDF p. 45 |
| Profit for the year$’000 | – | – | 662 | 662 | 13,795 | 14,457 | PDF p. 45 |
| Other comprehensive loss for the year$’000 | – | (1,455) | – | (1,455) | (151) | (1,606) | PDF p. 45 |
| Total comprehensive (loss)/income for the year$’000 | – | (1,455) | 662 | (793) | 13,644 | 12,851 | PDF p. 45 |
| Dividend paid$’000 | – | – | (4,596) | (4,596) | (280) | (4,876) | PDF p. 45 |
| Conversion of interest free loan into capital from non-controlling interests$’000 | – | – | – | – | 136,514 | 136,514 | PDF p. 45 |
| Balance as at 31 December 2021$’000 | 125,733 | (2,260) | 325,618 | 449,091 | 161,280 | 610,371 | PDF p. 45 |
Original report: PDF p. 45 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group — Share capital | 2020Group — Currency translation reserve | 2020Group — Retained profits | 2020Group — Total attributable to equity holders | 2020Group — Non-controlling interests | 2020Group — Total equity | Source |
|---|---|---|---|---|---|---|---|
| 2020 | |||||||
| Balance as at 1 January 2020 (as previously stated)$’000 | 125,733 | (3,636) | 270,850 | 392,947 | 5,198 | 398,145 | PDF p. 45 |
| Effect of the change in accounting policies$’000 | – | – | 40,406 | 40,406 | 17,758 | 58,164 | PDF p. 45 |
| Balance as at 1 January 2020 (as restated)$’000 | 125,733 | (3,636) | 311,256 | 433,353 | 22,956 | 456,309 | PDF p. 45 |
| Profit/(loss) for the year (as previously stated)$’000 | – | – | 28,460 | 28,460 | (4,276) | 24,184 | PDF p. 45 |
| Effect of the change in accounting policies$’000 | – | – | (3,729) | (3,729) | (8,271) | (12,000) | PDF p. 45 |
| Profit/(loss) for the year (as restated)$’000 | – | – | 24,731 | 24,731 | (12,547) | 12,184 | PDF p. 45 |
| Other comprehensive income for the year (as previously stated)$’000 | – | 2,937 | – | 2,937 | 238 | 3,175 | PDF p. 45 |
| Effect of the change in accounting policies$’000 | – | (106) | – | (106) | (68) | (174) | PDF p. 45 |
| Other comprehensive income for the year (as restated)$’000 | – | 2,831 | – | 2,831 | 170 | 3,001 | PDF p. 45 |
| Total comprehensive income/(loss) for the year (as restated)$’000 | – | 2,831 | 24,731 | 27,562 | (12,377) | 15,185 | PDF p. 45 |
| Dividend paid$’000 | – | – | (6,435) | (6,435) | – | (6,435) | PDF p. 45 |
| Fair value adjustment on interest free loans from non-controlling interests$’000 | – | – | – | – | 312 | 312 | PDF p. 45 |
| Capital contribution from non-controlling interests$’000 | – | – | – | – | 511 | 511 | PDF p. 45 |
| Balance as at 31 December 2020 (as restated)$’000 | 125,733 | (805) | 329,552 | 454,480 | 11,402 | 465,882 | PDF p. 45 |
Original report: PDF p. 45 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group (Restated) | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Total profit$’000 | 14,457 | 12,184 | PDF p. 46 |
| Adjustments for: | |||
| – Income tax expense$’000 | 15,500 | 2,577 | PDF p. 46 |
| – Interest income$’000 | (5,522) | (1,887) | PDF p. 46 |
| – Finance expenses$’000 | 16,176 | 14,050 | PDF p. 46 |
| – Depreciation$’000 | 1,843 | 2,034 | PDF p. 46 |
| – Impairment losses on financial assets$’000 | 20 | 6 | PDF p. 46 |
| – Fair value (gains)/losses on derivative financial instruments$’000 | (1,873) | 2,716 | PDF p. 46 |
| – Fair value (gains)/losses on investment properties$’000 | (59,660) | 42,685 | PDF p. 46 |
| – Fair value losses/(gains) on financial assets, at FVPL$’000 | 21 | (45) | PDF p. 46 |
| – (Reversal of)/impairment losses on property, plant and equipment$’000 | (453) | 453 | PDF p. 46 |
| – Losses on disposal of financial assets, at FVPL$’000 | 24 | 60 | PDF p. 46 |
| – Gain on disposal of property, plant and equipment$’000 | (4) | – | PDF p. 46 |
| – Unrealised currency translation losses/(gains)$’000 | 13,583 | (21,913) | PDF p. 46 |
| – Rent concession$’000 | – | (4,498) | PDF p. 46 |
| – Share of profit of associates$’000 | (2,546) | (11,133) | PDF p. 46 |
| Subtotal$’000 | (8,434) | 37,289 | PDF p. 46 |
| Change in working capital: – Trade and other receivables$’000 | (2,897) | 7,817 | PDF p. 46 |
| – Development properties$’000 | 14,522 | (89,439) | PDF p. 46 |
| – Trade and other payables$’000 | 15,889 | (22,157) | PDF p. 46 |
| Cash generated from/(used in) operations$’000 | 19,080 | (66,490) | PDF p. 46 |
| Income tax paid$’000 | (7,845) | (3,397) | PDF p. 46 |
| Withholding tax paid$’000 | (491) | (543) | PDF p. 46 |
| Net cash provided by/(used in) operating activities$’000 | 10,744 | (70,430) | PDF p. 46 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipment$’000 | (690) | (3,257) | PDF p. 46 |
| Additions to investment properties$’000 | (100,870) | (133,899) | PDF p. 46 |
| Purchase of financial assets, at FVPL$’000 | (4,608) | (2,040) | PDF p. 46 |
| Disposal of plant and equipment$’000 | 4 | – | PDF p. 46 |
| Disposal of financial assets, at FVPL$’000 | 1,250 | 1,500 | PDF p. 46 |
| Investment in an associate$’000 | (9,340) | – | PDF p. 46 |
| Loans to an associate$’000 | (2,585) | (2,127) | PDF p. 46 |
| Loans to a non-related party$’000 | (169) | (271) | PDF p. 46 |
| Interest received$’000 | 466 | 981 | PDF p. 46 |
| Net cash used in investing activities$’000 | (116,542) | (139,113) | PDF p. 46 |
Original report: PDF p. 46 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group (Restated) | Source |
|---|---|---|---|
| Cash flows from financing activities | |||
| Proceeds from capital contribution from non-controlling interests$’000 | – | 511 | PDF p. 46 |
| Dividends paid to equity holders of the Company$’000 | (4,596) | (6,435) | PDF p. 46 |
| Dividends paid to non-controlling interests$’000 | (280) | (12,000) | PDF p. 46 |
| Interest paid$’000 | (11,390) | (12,415) | PDF p. 46 |
| Bank deposit withdrawn/(pledged)$’000 | 46,694 | (161) | PDF p. 46 |
| Proceeds from borrowings$’000 | 155,911 | 273,203 | PDF p. 46 |
| Proceeds from related parties’ loan$’000 | 875 | 14,400 | PDF p. 46 |
| Repayment of borrowings$’000 | (76,370) | (33,443) | PDF p. 46 |
| Repayment of related parties’ loan$’000 | – | (12,305) | PDF p. 46 |
| Principal payment of lease liabilities$’000 | (7,925) | (6,325) | PDF p. 46 |
| Net cash provided by financing activities$’000 | 102,919 | 205,030 | PDF p. 46 |
| Net decrease in cash and cash equivalents$’000 | (2,879) | (4,513) | PDF p. 46 |
| Cash and cash equivalents | |||
| Beginning of financial year$’000 | 58,402 | 62,086 | PDF p. 46 |
| Effects of currency translation on cash and cash equivalents$’000 | (2,093) | 829 | PDF p. 46 |
| End of financial year$’000 | 53,430 | 58,402 | PDF p. 46 |
| Cash and bank balances$’000 | 53,430 | 105,096 | PDF p. 46 |
| Less: cash restricted in use$’000 | – | (46,694) | PDF p. 46 |
| Cash and cash equivalents$’000 | 53,430 | 58,402 | PDF p. 46 |
Original report: PDF p. 46 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — 1 January | 2021Group — Proceeds from borrowings | 2021Group — Principal and interest payments | 2021Group — Addition of lease | 2021Group — Conversion of units | 2021Group — Interest expense | 2021Group — Foreign exchange movement | 2021Group — Fair value adjustment | 2021Group — 31 December | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Reconciliation of financing liabilities — FY2021 — FY2021 report | ||||||||||
| Borrowings$’000 | 471,026 | 155,911 | (87,603) | – | – | 11,233 | (13,919) | – | 536,648 | PDF p. 46 |
| Related parties’ loan$’000 | 154,180 | 875 | – | – | (136,514) | 6,580 | (5,521) | – | 19,600 | PDF p. 46 |
| Lease liabilities$’000 | 75,828 | – | (8,358) | – | – | 433 | – | – | 67,903 | PDF p. 46 |
Original report: PDF p. 46 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2020Group — 1 January | 2020Group — Proceeds from borrowings | 2020Group — Principal and interest payments | 2020Group — Addition of lease | 2020Group — Rent concession | 2020Group — Interest expense | 2020Group — Foreign exchange movement | 2020Group — Fair value adjustment | 2020Group — 31 December | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Reconciliation of financing liabilities — FY2020 — FY2021 report | ||||||||||
| Borrowings$’000 | 210,588 | 273,203 | (42,595) | – | – | 9,152 | 20,678 | – | 471,026 | PDF p. 46 |
| Related parties’ loan$’000 | 138,295 | 14,400 | (12,305) | – | – | 4,283 | 9,819 | (312) | 154,180 | PDF p. 46 |
| Lease liabilities$’000 | 68,111 | – | (9,013) | 18,540 | (4,498) | 2,688 | – | – | 75,828 | PDF p. 46 |
Original report: PDF p. 46 ↗
Where the money comes from
| Item / unit | 2025Property - Singapore - Development property ($'000) | 2025Property - Singapore - Investment property ($'000) | 2025Property - Singapore - Workers' dormitory ($'000) | 2025Property - Australia - Development property ($'000) | 2025Property - Australia - Investment property ($'000) | 2025Property - Australia - PBSA ($'000) | 2025Building construction ($'000) | 2025Management platform - Fund management ($'000) | 2025Management platform - PBSA operation ($'000) | 2025Alternative investment ($'000) | 2025Corporate ($'000) | 2025Total ($'000) | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets and reconciliation | |||||||||||||
| Segment assets$'000 | 315,130 | 36,667 | 227,921 | 96,930 | 18,962 | 128,002 | 64,918 | 76,208 | 2,189 | 143,024 | 105,826 | 1,215,777 | PDF p. 98 |
| Segment assets includes | |||||||||||||
| Investment in associates$'000 | 6,919 | – | – | – | – | 25,396 | – | 459 | – | 32 | – | 32,806 | PDF p. 98 |
| Investment in joint ventures$'000 | 3,992 | (28) | – | (1,315) | – | 1,309 | – | 444 | – | – | – | 4,402 | PDF p. 98 |
| Liabilities and reconciliation | |||||||||||||
| Segment liabilities$'000 | 41,149 | 5,410 | 214,132 | 2,802 | 5,442 | – | 90,268 | 9,098 | 743 | 460 | 209,691 | 579,195 | PDF p. 98 |
| Additions to | |||||||||||||
| Property, plant and equipment$'000 | – | – | 72 | 2 | – | – | 1,153 | 2 | 3 | – | 5 | 1,237 | PDF p. 98 |
| Investment properties$'000 | – | 9,532 | 68,999 | – | 10,399 | – | – | – | – | – | – | 88,930 | PDF p. 98 |
Header: 'The following is an analysis of the Group's reportable segments for the financial year ended 31 December 2025 (continued)'. Interest income and finance expenses are not allocated to segments. Comparatives restated to the present reporting structure.
| Item / unit | 2024Property - Singapore - Development property ($'000) | 2024Property - Singapore - Investment property ($'000) | 2024Property - Singapore - Workers' dormitory ($'000) | 2024Property - Australia - Development property ($'000) | 2024Property - Australia - Investment property ($'000) | 2024Property - Australia - PBSA ($'000) | 2024Building construction ($'000) | 2024Management platform - Fund management ($'000) | 2024Management platform - PBSA operation ($'000) | 2024Alternative investment ($'000) | 2024Corporate ($'000) | 2024Total ($'000) | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit or loss and reconciliation | |||||||||||||
| Total segment sales$'000 | 46,946 | 505 | 84,690 | 941 | – | – | 123,738 | 5,543 | 2,089 | – | 3,556 | 268,008 | PDF p. 98 |
| Inter-segment sales$'000 | (1,702) | (485) | (83) | (941) | – | – | (60,447) | – | – | – | (3,556) | (67,214) | PDF p. 98 |
| Revenue to external parties$'000 | 45,244 | 20 | 84,607 | – | – | – | 63,291 | 5,543 | 2,089 | – | – | 200,794 | PDF p. 98 |
| Segment result$'000 | 5,974 | (107) | 31,275 | (10,118) | 80 | – | (10,497) | 1,862 | (1,005) | (1,972) | (12,848) | 2,644 | PDF p. 98 |
| Share of profit/(loss) of associates and joint ventures$'000 | 70 | – | – | (19) | – | 64,773 | – | 37 | – | – | – | 64,861 | PDF p. 98 |
| Segment result includes | |||||||||||||
| Impairment loss on development property$'000 | – | – | – | (5,016) | – | – | – | – | – | – | – | (5,016) | PDF p. 98 |
| Depreciation expense$'000 | (5) | – | (230) | – | – | – | (1,668) | (23) | (31) | – | (29) | (1,986) | PDF p. 98 |
Header: 'The following is an analysis of the Group's reportable segments for the financial year ended 31 December 2024'. Reconciliation rows (interest income to total profit) are printed only under the Total column; values are placed as a single total-column value.
Revenue of $66,249,000 (2024: $53,152,000) is derived from a single external customer, attributable to the construction segment (page 99).
| Item / unit | 2025Group, $'000 | 2024Group, $'000 | Source |
|---|---|---|---|
| Non-current assets | |||
| Singapore$'000 | 562,831 | 266,498 | PDF p. 99 |
| Australia$'000 | 150,128 | 453,524 | PDF p. 99 |
Total row printed as '712,959 720,022' (unlabelled in extracted text). Group operates in two geographical areas: Singapore and Australia. Revenue by geographical area is disclosed under Note 4(a), not in this note.
Debt
| Item / unit | 2025Less than 1 year | 20251-5 years | 2025More than 5 years | 2025Total | 2024Less than 1 year | 20241-5 years | 2024More than 5 years | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group At 31 December | |||||||||
| Lease liabilities$'000 | 28,668 | 27,306 | – | 55,974 | 32,629 | 55,908 | – | 88,537 | PDF p. 94 |
| Bank borrowings$'000 | 38,724 | 76,566 | 29,317 | 144,607 | 48,886 | 94,159 | – | 143,045 | PDF p. 94 |
| Medium term notes$'000 | 9,841 | 243,587 | – | 253,428 | PDF p. 94 | ||||
Contractual undiscounted cash flows based on remaining period from balance sheet date to contractual maturity.
Contractual undiscounted cash flows.
| Item / unit | 2025Less than 1 year | 20251-5 years | 2025More than 5 years | 2025Total | 2024Less than 1 year | 20241-5 years | 2024More than 5 years | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company At 31 December | |||||||||
| Lease liabilities$'000 | 180 | 360 | – | 540 | 180 | 540 | – | 720 | PDF p. 94 |
| Medium term notes$'000 | 9,841 | 243,587 | – | 253,428 | PDF p. 94 | ||||
Contractual undiscounted cash flows. Financial guarantee contracts also listed separately in source (not borrowings).
Contractual undiscounted cash flows.
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current | |||||
| Bank borrowings (Current)$'000 | 35,863 | 42,507 | – | – | PDF p. 89 |
| Lease liabilities (Current)$'000 | 26,802 | 29,306 | 134 | 131 | PDF p. 89 |
| Total current borrowings and lease liabilities$'000 | 62,665 | 71,813 | 134 | 131 | PDF p. 89 |
| Non-current | |||||
| Bank borrowings (Non-current)$'000 | 99,114 | 91,790 | – | – | PDF p. 89 |
| Medium term notes$'000 | 202,544 | – | 202,544 | – | PDF p. 89 |
| Lease liabilities (Non-current)$'000 | 25,346 | 52,083 | 275 | 408 | PDF p. 89 |
| Total non-current borrowings and lease liabilities$'000 | 327,004 | 143,873 | 202,819 | 408 | PDF p. 89 |
| Total | |||||
| Total borrowings and lease liabilities$'000 | 389,669 | 215,686 | 202,953 | 539 | PDF p. 89 |
Bank borrowings are generally secured by corporate guarantee provided by the Company and assignment of rights, titles and benefits over development properties, PPE and investment properties. Medium term notes are unsecured, 4.8% per annum, due 4 November 2030, nominal value $205,000,000, under $500 million Multicurrency MTN Programme established 29 May 2025.
Included in Group borrowings, $134,977,000 (2024: $133,261,000) bear interest at variable rates based on interbank offered rates. Fair values of borrowings approximate carrying values.
Borrowings are denominated mainly in SGD (Note 34).
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Repricing | |||
| 6 months or less$'000 | 26,777 | 14,888 | PDF p. 89 |
| 6 – 12 months$'000 | 9,086 | 26,583 | PDF p. 89 |
| 1 – 5 years$'000 | 70,429 | 91,790 | PDF p. 89 |
| Over 5 years$'000 | 28,685 | – | PDF p. 89 |
| Total borrowings$'000 | 134,977 | 133,261 | PDF p. 89 |
Exposure of borrowings to interest rate changes and contractual repricing dates at balance sheet date (variable rate bank borrowings; excludes medium term notes and leases).
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | While the Company has not formally established a dividend policy, it has consistently paid annual dividends to shareholders since its listing in 2008. | Company, FY2025 | PDF p. 48 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim dividend paid in respect of current financial year | 0.50 cents per share | Group/Company, FY2025 interim dividend (paid in 2025); comparative FY2024 interim 0.20 cent | PDF p. 90 |
| Interim dividend paid in respect of current financial year | 0.20 cents per share | Group/Company, FY2024 interim dividend (comparative year) | PDF p. 90 |
| proposed final tax exempt (1-tier) dividend | $0.01 per ordinary share | Company, FY2025 proposed final dividend, tax exempt (one-tier), subject to AGM approval | PDF p. 103 |
| Books closure date for FY2025 Final Dividend | 8 May 2026 | FY2025 final dividend · As at 2026-05-08 | PDF p. 103 |
| Payment date for FY2025 Final Dividend | 22 May 2026 | FY2025 final dividend · As at 2026-05-22 | PDF p. 103 |
| Final dividend paid in respect of the previous financial year | 0.80 cents per share | Group/Company, FY2024 final dividend (paid in 2025); the 2024 comparative column refers to FY2023 final of 0.40 cent | PDF p. 90 |
| Special dividend paid in respect of the previous financial year | 7.0 cents per share | Group/Company, FY2024 special dividend (paid in 2025) | PDF p. 90 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend per share (cent) | 1.50 cents per share | FY2025 total dividend per share (interim plus final); five-year summary also shows FY2024 8.00 | PDF p. 9 |
| Dividend per share (cent) | 8.00 cents per share | FY2024 total dividend per share (comparative) | PDF p. 9 |
| Dividends declared for the period ($'000) | 13,789 $'000 | Group, FY2025 (FY2024: 73,540) | PDF p. 9 |
| Dividend payout ratio | 20.2% | FY2025 (FY2024: 136.1%) | PDF p. 9 |
| Dividend payout ratio | 136.1% | FY2024 (comparative) | PDF p. 9 |
Extracted from WEE HUR HOLDINGS LTD ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Independent auditor | PricewaterhouseCoopers LLP | Group | PDF p. 55 |
| Engagement partner | Yeow Chee Keong | Group | PDF p. 55 |
| Our Opinion | give a true and fair view of the consolidated financial position of the Group and the financial position of the Company as at | Group and Company, financial year ended 31 December 2025 | PDF p. 53 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Accounting for building construction | Accounting for building construction | Group, FY2025 | PDF p. 54 |
| Accounting for building construction | Significant judgement is required to | Group, FY2025 | PDF p. 54 |
| Valuation of investment properties | Valuation of investment properties | Group, FY2025 | PDF p. 54 |
| Valuation of investment properties | The valuation of investment properties is | Group, FY2025 | PDF p. 54 |
Extracted from WEE HUR HOLDINGS LTD 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 WEE HUR HOLDINGS LTD ANNUAL REPORT 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
The primary statement section prints Group comprehensive income, equity and cash flows, and Group/Company balance sheets. Separate Company versions of the other statements are not printed.
FY2021 report restates Group FY2020 comparatives and shows balances before/after the accounting-policy change; all printed versions and dates are retained.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.