FJ Benjamin F10
SGD 0.006
+0.00% +0.00 Updated 23 Oct 2026, 17:16 SGT
Financials
Annual Report 2024/2025
Explore the statements
10 tablesConsolidated Income Statement (Group)
26 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| RevenueSGD $'000 | 60,460 | 78,428 | PDF p. 86 |
| Other incomeSGD $'000 | 1,154 | 386 | PDF p. 86 |
| Interest incomeSGD $'000 | 39 | 68 | PDF p. 86 |
| SubtotalSGD $'000 | 61,653 | 78,882 | PDF p. 86 |
| Cost of goods soldSGD $'000 | (30,684) | (40,754) | PDF p. 86 |
| Staff costsSGD $'000 | (14,247) | (15,618) | PDF p. 86 |
| Rental of premisesSGD $'000 | (6,499) | (6,699) | PDF p. 86 |
| Advertising and promotionSGD $'000 | (1,581) | (1,931) | PDF p. 86 |
| Depreciation of furniture, fixtures and equipmentSGD $'000 | (1,419) | (1,334) | PDF p. 86 |
| Depreciation of right-of-use assetsSGD $'000 | (6,682) | (7,288) | PDF p. 86 |
| Other operating expensesSGD $'000 | (6,924) | (8,283) | PDF p. 86 |
| Operating loss before expected credit losses allowance and impairmentSGD $'000 | (6,383) | (3,025) | PDF p. 86 |
| Allowance for expected credit lossesSGD $'000 | (2,958) | – | PDF p. 86 |
| Impairment of furniture, fixtures and equipmentSGD $'000 | (751) | – | PDF p. 86 |
| Impairment of investment in associateSGD $'000 | (3,184) | – | PDF p. 86 |
| Operating lossSGD $'000 | (13,276) | (3,025) | PDF p. 86 |
| Interest expense from borrowingsSGD $'000 | (885) | (880) | PDF p. 86 |
| Interest expense from lease liabilitiesSGD $'000 | (379) | (474) | PDF p. 86 |
| Foreign exchange gain/(loss), netSGD $'000 | 691 | (142) | PDF p. 86 |
| Share of results of associates, net of taxSGD $'000 | (2,606) | (1,165) | PDF p. 86 |
| Loss before taxSGD $'000 | (16,455) | (5,686) | PDF p. 86 |
| Income tax expenseSGD $'000 | (137) | (447) | PDF p. 86 |
| Net loss for the yearSGD $'000 | (16,592) | (6,133) | PDF p. 86 |
| Loss attributable to | |||
| Equity holders of the parentSGD $'000 | (16,592) | (6,133) | PDF p. 86 |
| Non-controlling interestsSGD $'000 | – | – | PDF p. 86 |
| Loss per share (cents) | |||
| Basic and dilutedcents per share | (1.40) | (0.52) | PDF p. 86 |
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Definitions & sources
Original report: PDF p. 86 ↗
In Singapore Dollars; FY ended 30 June 2025. Note column omitted from values. Subtotal rows have empty labels. EPS in cents.
Consolidated Statement of Comprehensive Income (Group)
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Comprehensive income | |||
| Loss for the yearSGD $'000 | (16,592) | (6,133) | PDF p. 87 |
| Other comprehensive income: Item that may be reclassified subsequently to profit or loss | |||
| Foreign currency translationSGD $'000 | 1,048 | 247 | PDF p. 87 |
| Other comprehensive income | |||
| Share of other comprehensive income of associates, net of taxSGD $'000 | (5) | 63 | PDF p. 87 |
| Waiver of debts by shareholder of a subsidiarySGD $'000 | – | 33 | PDF p. 87 |
| Comprehensive income | |||
| Total comprehensive income for the yearSGD $'000 | (15,549) | (5,790) | PDF p. 87 |
| Total comprehensive income attributable to | |||
| Equity holders of the parentSGD $'000 | (15,582) | (5,790) | PDF p. 87 |
| Non-controlling interestsSGD $'000 | 33 | – | PDF p. 87 |
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Definitions & sources
Original report: PDF p. 87 ↗
In Singapore Dollars; FY ended 30 June 2025.
Balance Sheets (Group and Company) as at 30 June 2025
31 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Furniture, fixtures and equipmentSGD $'000 | 2,599 | 3,615 | 14 | 64 | PDF p. 88 |
| Right-of-use assetsSGD $'000 | 5,931 | 9,411 | 104 | 236 | PDF p. 88 |
| SubsidiariesSGD $'000 | – | – | 17,394 | 31,328 | PDF p. 88 |
| Investment in associatesSGD $'000 | 10,891 | 16,146 | – | – | PDF p. 88 |
| Deferred tax assetsSGD $'000 | 175 | 245 | – | – | PDF p. 88 |
| SubtotalSGD $'000 | 19,596 | 29,417 | 17,512 | 31,628 | PDF p. 88 |
| Current assets | |||||
| InventoriesSGD $'000 | 19,969 | 23,141 | – | – | PDF p. 88 |
| Trade debtorsSGD $'000 | 7,662 | 9,635 | – | – | PDF p. 88 |
| Other debtorsSGD $'000 | 8,501 | 11,055 | 8,632 | 12,333 | PDF p. 88 |
| Prepayments and advancesSGD $'000 | 362 | 400 | 5 | 30 | PDF p. 88 |
| Tax recoverableSGD $'000 | 974 | 736 | – | – | PDF p. 88 |
| Cash on hand and at bankSGD $'000 | 3,235 | 3,550 | 3,021 | 3,029 | PDF p. 88 |
| SubtotalSGD $'000 | 40,703 | 48,517 | 11,658 | 15,392 | PDF p. 88 |
| Assets | |||||
| Total assetsSGD $'000 | 60,299 | 77,934 | 29,170 | 47,020 | PDF p. 88 |
| Current liabilities | |||||
| Trade and other creditorsSGD $'000 | 20,838 | 18,892 | 2,610 | 2,474 | PDF p. 88 |
| BorrowingsSGD $'000 | 12,534 | 12,620 | 22 | 21 | PDF p. 88 |
| Lease liabilitiesSGD $'000 | 4,015 | 6,115 | 115 | 146 | PDF p. 88 |
| SubtotalSGD $'000 | 37,387 | 37,627 | 2,747 | 2,641 | PDF p. 88 |
| Net current assetsSGD $'000 | 3,316 | 10,890 | 8,911 | 12,751 | PDF p. 88 |
| Non-current liabilities | |||||
| Other creditorsSGD $'000 | – | – | 8,729 | 7,636 | PDF p. 88 |
| BorrowingsSGD $'000 | 1,144 | 1,390 | 30 | 52 | PDF p. 88 |
| Lease liabilitiesSGD $'000 | 2,609 | 4,209 | – | 115 | PDF p. 88 |
| SubtotalSGD $'000 | 3,753 | 5,599 | 8,759 | 7,803 | PDF p. 88 |
| Liabilities | |||||
| Total liabilitiesSGD $'000 | 41,140 | 43,226 | 11,506 | 10,444 | PDF p. 88 |
| Net assets | |||||
| Net assetsSGD $'000 | 19,159 | 34,708 | 17,664 | 36,576 | PDF p. 88 |
| Equity | |||||
| Share capitalSGD $'000 | 186,170 | 186,170 | 186,170 | 186,170 | PDF p. 88 |
| Foreign currency translation reserveSGD $'000 | (1,444) | (2,492) | – | – | PDF p. 88 |
| Other reservesSGD $'000 | 376 | 414 | – | – | PDF p. 88 |
| Accumulated lossesSGD $'000 | (165,943) | (149,351) | (168,506) | (149,594) | PDF p. 88 |
| Non-controlling interestsSGD $'000 | – | (33) | – | – | PDF p. 88 |
| Total equitySGD $'000 | 19,159 | 34,708 | 17,664 | 36,576 | PDF p. 88 |
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Definitions & sources
Original report: PDF p. 88 ↗
In Singapore Dollars. Note column omitted from values. Unlabelled subtotals have empty labels. No separate Company income statement is printed; Company loss appears only in the statement of changes in equity (p.90).
Consolidated Statement of Comprehensive Income
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, $'000 | 2024Group, $'000 | Source |
|---|---|---|---|
| Profit | |||
| Loss for the year$'000 | (16,592) | (6,133) | PDF p. 87 |
| Other comprehensive income: Item that may be reclassified subsequently to profit or loss | |||
| Foreign currency translation$'000 | 1,048 | 247 | PDF p. 87 |
| Other comprehensive income | |||
| Share of other comprehensive income of associates, net of tax$'000 | (5) | 63 | PDF p. 87 |
| Waiver of debts by shareholder of a subsidiary$'000 | – | 33 | PDF p. 87 |
| Total | |||
| Total comprehensive income for the year$'000 | (15,549) | (5,790) | PDF p. 87 |
| Total comprehensive income attributable to | |||
| Equity holders of the parent$'000 | (15,582) | (5,790) | PDF p. 87 |
| Non-controlling interests$'000 | 33 | – | PDF p. 87 |
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Definitions & sources
Original report: PDF p. 87 ↗
Currency: Singapore Dollars. Attribution subtotal row (15,549) (5,790) not separately repeated.
Group Statement of Changes in Equity - year ended 30 June 2025
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, Share capital, $'000 | 2025Group, Foreign currency translation reserve, $'000 | 2025Group, Other reserves, $'000 | 2025Group, Accumulated losses, $'000 | 2025Group, Total attributable to equity holders of the parent, $'000 | 2025Group, Non-controlling interests, $'000 | 2025Group, Total equity, $'000 | Source |
|---|---|---|---|---|---|---|---|---|
| Group | ||||||||
| At 1 July 2024$'000 | 186,170 | (2,492) | 414 | (149,351) | 34,741 | (33) | 34,708 | PDF p. 89 |
| Loss for the year$'000 | – | – | – | (16,592) | (16,592) | – | (16,592) | PDF p. 89 |
| Group - Other comprehensive income | ||||||||
| Foreign currency translation$'000 | – | 1,048 | – | – | 1,048 | – | 1,048 | PDF p. 89 |
| Other reserves$'000 | – | – | (33) | – | (33) | 33 | – | PDF p. 89 |
| Group - Other comprehensive income (Share of other comprehensive income of associates, net of tax) | ||||||||
| net of tax$'000 | – | – | (5) | – | (5) | – | (5) | PDF p. 89 |
| Group (Total comprehensive income for the year) | ||||||||
| for the year$'000 | – | 1,048 | (38) | (16,592) | (15,582) | 33 | (15,549) | PDF p. 89 |
| Group | ||||||||
| At 30 June 2025$'000 | 186,170 | (1,444) | 376 | (165,943) | 19,159 | – | 19,159 | PDF p. 89 |
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Definitions & sources
Original report: PDF p. 89 ↗
Currency: Singapore Dollars. Wrapped row labels: 'Share of other comprehensive income of associates, net of tax' and 'Total comprehensive income for the year'; labels given are the fragment on the numeric line.
Group Statement of Changes in Equity - year ended 30 June 2024
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group, Share capital, $'000 | 2024Group, Foreign currency translation reserve, $'000 | 2024Group, Other reserves, $'000 | 2024Group, Accumulated losses, $'000 | 2024Group, Total attributable to equity holders of the parent, $'000 | 2024Group, Non-controlling interests, $'000 | 2024Group, Total equity, $'000 | Source |
|---|---|---|---|---|---|---|---|---|
| Group | ||||||||
| At 1 July 2023$'000 | 186,170 | (2,739) | 318 | (143,218) | 40,531 | (33) | 40,498 | PDF p. 89 |
| Loss for the year$'000 | – | – | – | (6,133) | (6,133) | – | (6,133) | PDF p. 89 |
| Group - Other comprehensive income | ||||||||
| Foreign currency translation$'000 | – | 247 | – | – | 247 | – | 247 | PDF p. 89 |
| Other reserves$'000 | – | – | 33 | – | 33 | – | 33 | PDF p. 89 |
| Group - Other comprehensive income (Share of other comprehensive income of associates, net of tax) | ||||||||
| comprehensive income of$'000 | – | – | 63 | – | 63 | – | 63 | PDF p. 89 |
| Group (Total comprehensive income for the year) | ||||||||
| for the year$'000 | – | 247 | 96 | (6,133) | (5,790) | – | (5,790) | PDF p. 89 |
| Group | ||||||||
| At 30 June 2024$'000 | 186,170 | (2,492) | 414 | (149,351) | 34,741 | (33) | 34,708 | PDF p. 89 |
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Definitions & sources
Original report: PDF p. 89 ↗
Currency: Singapore Dollars. Share of OCI row label wraps over lines: 'Share of other / comprehensive income of / associates, net of tax'; values are on the 'associates, net of tax' line.
Company Statement of Changes in Equity
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company, Share capital, $'000 (FY2025 and FY2024 movements per row section) | 2025Company, Accumulated losses, $'000 | 2025Company, Total equity, $'000 | Source |
|---|---|---|---|---|
| Company FY2025 | ||||
| At 1 July 2024$'000 | 186,170 | (149,594) | 36,576 | PDF p. 90 |
| Company FY2025 (Loss for the year, representing total comprehensive income for the year) | ||||
| for the year$'000 | – | (18,912) | (18,912) | PDF p. 90 |
| Company FY2025 | ||||
| At 30 June 2025$'000 | 186,170 | (168,506) | 17,664 | PDF p. 90 |
| Company FY2024 (columns are year 2024 movements) | ||||
| At 1 July 2023$'000 | 186,170 | (147,577) | 38,593 | PDF p. 90 |
| Company FY2024 (Loss for the year, representing total comprehensive income for the year) | ||||
| for the year$'000 | – | (2,017) | (2,017) | PDF p. 90 |
| Company FY2024 | ||||
| At 30 June 2024$'000 | 186,170 | (149,594) | 36,576 | PDF p. 90 |
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Definitions & sources
Original report: PDF p. 90 ↗
Currency: Singapore Dollars. Rows in sections 'Company FY2025' are year ended 30 June 2025; rows in 'Company FY2024' are year ended 30 June 2024. Loss row label wraps: 'Loss for the year, representing total comprehensive income / for the year'.
Consolidated Cash Flow Statement - Operating activities
29 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, $'000 | 2024Group, $'000 | Source |
|---|---|---|---|
| Operating activities | |||
| Loss before tax$'000 | (16,455) | (5,686) | PDF p. 91 |
| Adjustments for | |||
| Depreciation of furniture, fixtures and equipment$'000 | 1,419 | 1,334 | PDF p. 91 |
| Depreciation of right-of-use assets$'000 | 6,682 | 7,288 | PDF p. 91 |
| Share of results of associates, net of tax$'000 | 2,606 | 1,165 | PDF p. 91 |
| Currency realignment$'000 | 562 | (23) | PDF p. 91 |
| Loss on disposal of furniture, fixtures and equipment$'000 | 29 | 1 | PDF p. 91 |
| Gain on derecognition of right-of-use assets and lease liabilities$'000 | (27) | – | PDF p. 91 |
| Lease modification$'000 | (13) | – | PDF p. 91 |
| Interest income$'000 | (39) | (68) | PDF p. 91 |
| Interest expense from borrowings$'000 | 885 | 880 | PDF p. 91 |
| Interest expense from lease liabilities$'000 | 379 | 474 | PDF p. 91 |
| Bad debts written off$'000 | – | 1 | PDF p. 91 |
| Allowance for inventory obsolescence and inventories written off, net$'000 | 608 | 145 | PDF p. 91 |
| Allowance for expected credit losses$'000 | 2,958 | – | PDF p. 91 |
| Impairment of furniture, fixtures and equipment$'000 | 751 | – | PDF p. 91 |
| Impairment of investment in associate$'000 | 3,184 | – | PDF p. 91 |
| Write back of payables and accruals$'000 | (436) | – | PDF p. 91 |
| Waiver of royalties$'000 | (327) | – | PDF p. 91 |
| Total adjustments$'000 | 19,221 | 11,197 | PDF p. 91 |
| Operating activities | |||
| Operating cash flows before changes in working capital$'000 | 2,766 | 5,511 | PDF p. 91 |
| Changes in working capital | |||
| Decrease in debtors$'000 | 1,406 | 647 | PDF p. 91 |
| Decrease in prepayments and advances$'000 | 38 | 49 | PDF p. 91 |
| Decrease/(increase) in inventories$'000 | 2,564 | (16) | PDF p. 91 |
| Increase in creditors$'000 | 2,709 | 2,592 | PDF p. 91 |
| Total changes in working capital$'000 | 6,717 | 3,272 | PDF p. 91 |
| Operating activities | |||
| Cash flows generated from operations$'000 | 9,483 | 8,783 | PDF p. 91 |
| Interest received$'000 | 39 | 68 | PDF p. 91 |
| Income tax paid$'000 | (254) | (1,106) | PDF p. 91 |
| Net cash flows generated from operating activities$'000 | 9,268 | 7,745 | PDF p. 91 |
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Definitions & sources
Original report: PDF p. 91 ↗
Currency: Singapore Dollars. Group only; no Company cash flow statement presented.
Consolidated Cash Flow Statement - Investing, financing and closing cash
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, $'000 | 2024Group, $'000 | Source |
|---|---|---|---|
| Investing activities | |||
| Purchase of furniture, fixtures and equipment$'000 | (1,067) | (2,109) | PDF p. 92 |
| Proceeds from disposal of furniture, fixtures and equipment$'000 | 4 | – | PDF p. 92 |
| Net cash flows used in investing activities$'000 | (1,063) | (2,109) | PDF p. 92 |
| Financing activities | |||
| Proceeds from bank borrowings$'000 | – | 1,997 | PDF p. 92 |
| Repayment of bank borrowings$'000 | (852) | (1,520) | PDF p. 92 |
| Proceeds from other borrowings$'000 | 192 | – | PDF p. 92 |
| Repayment of other borrowings$'000 | (50) | (20) | PDF p. 92 |
| Interest paid$'000 | (885) | (880) | PDF p. 92 |
| Payment of lease liabilities$'000 | (7,250) | (7,855) | PDF p. 92 |
| Net cash flows used in financing activities$'000 | (8,845) | (8,278) | PDF p. 92 |
| Cash and cash equivalents | |||
| Net decrease in cash and cash equivalents$'000 | (640) | (2,642) | PDF p. 92 |
| Cash and cash equivalents at beginning of financial year$'000 | 2,570 | 5,239 | PDF p. 92 |
| Net effect of exchange rate changes on opening cash and cash equivalents$'000 | 19 | (27) | PDF p. 92 |
| Cash and cash equivalents at end of financial year (Note 26)$'000 | 1,949 | 2,570 | PDF p. 92 |
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Definitions & sources
Original report: PDF p. 92 ↗
Currency: Singapore Dollars. Continuation of the Consolidated Cash Flow Statement from page 91.
Group Five-Year Financial Summary (table)
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group, FY2021 ($'000) | 2022Group, FY2022 ($'000) | 2023Group, FY2023 ($'000) | 2024Group, FY2024 ($'000) | 2025Group, FY2025 ($'000) | Source |
|---|---|---|---|---|---|---|
| INCOME STATEMENT | ||||||
| Turnover$'000 | 66,839 | 80,903 | 86,454 | 78,428 | 60,460 | PDF p. 11 |
| Operating (Loss) / Profit before$'000 | (6,677) | 3,118 | 4,037 | (3,167) | (12,585) | PDF p. 11 |
| Interest Expense$'000 | (1,524) | (1,099) | (1,035) | (1,354) | (1,264) | PDF p. 11 |
| Share of Results of Associates,$'000 | (2,410) | 1,867 | 1,834 | (1,165) | (2,606) | PDF p. 11 |
| (Loss) / Profit before Tax$'000 | (10,611) | 3,886 | 4,836 | (5,686) | (16,455) | PDF p. 11 |
| (Loss) / Profit After Tax and$'000 | (10,871) | 2,975 | 3,532 | (6,133) | (16,592) | PDF p. 11 |
| Basic (Loss) / Earningscents | (1.14) | 0.27 | 0.30 | (0.52) | (1.40) | PDF p. 11 |
| Operating Margin (%)% | (10.0) | 3.9 | 4.7 | (4.0) | (20.8) | PDF p. 11 |
| BALANCE SHEET | ||||||
| Non-Current Assets$'000 | 31,749 | 25,452 | 31,980 | 29,417 | 19,596 | PDF p. 11 |
| Net Current Assets$'000 | 11,723 | 19,494 | 16,911 | 10,890 | 3,316 | PDF p. 11 |
| Shareholders’ Equity$'000 | 33,266 | 38,529 | 40,531 | 34,741 | 19,159 | PDF p. 11 |
| Net Debt$'000 | 10,637 | 3,990 | 7,334 | 10,460 | 10,443 | PDF p. 11 |
| Return on Equity (%)% | (32.7) | 7.7 | 8.7 | (17.7) | (86.6) | PDF p. 11 |
| Net Debt to Equityratio | 0.32 | 0.10 | 0.18 | 0.30 | 0.55 | PDF p. 11 |
| Net Tangible Assetscents | 3.12 | 3.25 | 3.41 | 2.93 | 1.61 | PDF p. 11 |
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Definitions & sources
Original report: PDF p. 11 ↗
@ Net Tangible Assets Per Share is computed by dividing equity attributable to equity holders of the parent by the number of ordinary shares at 30 June.
Row labels wrap over two lines in the source; Operating margin, Return on equity in %, Net Debt to Equity as ratio; EPS and NTA per share in cents.
Where the money comes from
Segment information
By business
Business segments – income statement items 2 lines
| Item / unit | 2025Ongoing Retail | 2025Distribution | 2025Export | 2025Corporate and others | 2025Group | 2024Ongoing Retail | 2024Distribution | 2024Export | 2024Corporate and others | 2024Group | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales to external consumers$'000 | 55,461 | 1,661 | 3,338 | – | 60,460 | 68,344 | 1,063 | 9,021 | – | 78,428 | PDF p. 147 |
| Segment results$'000 | (3,298) | (961) | 400 | (9,144) | (13,003) | (653) | (315) | 484 | (3,225) | (3,709) | PDF p. 147 |
Notes
Segment performance is evaluated based on operating profit or loss; group financing (including finance costs) and income taxes are managed on a group basis and not allocated to segments. Blank values mean no segment figure printed (only Group column shown).
Blank values mean no segment figure printed (only Group column shown).
Business segments – assets, liabilities, capital expenditure and depreciation 7 lines
| Item / unit | 2025Ongoing Retail | 2025Distribution | 2025Export | 2025Corporate and others | 2025Group | 2024Ongoing Retail | 2024Distribution | 2024Export | 2024Corporate and others | 2024Group | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment assets$'000 | 33,338 | 1,512 | 1,943 | 11,466 | 48,259 | 41,612 | 1,045 | 5,341 | 12,809 | 60,807 | PDF p. 148 |
| Investment in associates$'000 | – | – | – | 10,891 | 10,891 | – | – | – | 16,146 | 16,146 | PDF p. 148 |
| Total segment assets plus investment in associates (unlabelled subtotal)$'000 | 33,338 | 1,512 | 1,943 | 22,357 | 59,150 | 41,612 | 1,045 | 5,341 | 28,955 | 76,953 | PDF p. 148 |
| Segment liabilities$'000 | 22,745 | 1,535 | 2,260 | 2,423 | 28,963 | 24,599 | 853 | 3,265 | 1,552 | 30,269 | PDF p. 148 |
| Capital expenditure$'000 | 944 | – | – | 123 | 1,067 | 1,958 | – | – | 151 | 2,109 | PDF p. 148 |
| Depreciation of furniture, fixtures and equipment$'000 | 1,221 | 45 | – | 153 | 1,419 | 1,203 | 16 | – | 115 | 1,334 | PDF p. 148 |
| Depreciation of right-of-use assets$'000 | 6,541 | – | – | 141 | 6,682 | 7,187 | – | – | 101 | 7,288 | PDF p. 148 |
Notes
Row labels for depreciation wrap over two lines in the source; quotes use the second-line text with values. Subtotal row has no printed label.
Row labels for depreciation wrap over two lines in the source; subtotal row has no printed label.
Unallocated assets and liabilities 4 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Unallocated assets | |||
| Deferred tax assets$'000 | 175 | 245 | PDF p. 149 |
| Tax recoverable$'000 | 974 | 736 | PDF p. 149 |
| Unallocated assets (total)$'000 | 1,149 | 981 | PDF p. 149 |
| Unallocated liabilities | |||
| Bank borrowings (excluding bank overdrafts)$'000 | 12,177 | 12,957 | PDF p. 149 |
Notes
Assets and liabilities which are common and cannot be meaningfully allocated to the business segments are presented as unallocated assets and liabilities.
By geography
Geographical segments 3 lines
| Item / unit | 2025Southeast Asia | 2025Others | 2025Group | 2024Southeast Asia | 2024Others | 2024Group | Source |
|---|---|---|---|---|---|---|---|
| Revenue$'000 | 60,460 | – | 60,460 | 78,428 | – | 78,428 | PDF p. 149 |
| Other geographical information | |||||||
| Non-current assets$'000 | 19,595 | 1 | 19,596 | 29,415 | 2 | 29,417 | PDF p. 149 |
| Capital expenditure$'000 | 1,067 | – | 1,067 | 2,109 | – | 2,109 | PDF p. 149 |
Notes
Revenue, non-current assets and capital expenditure information based on geographical location of customers and assets respectively.
Debt
Borrowings
Maturity profile of Group financial liabilities (contractual undiscounted)
| Item / unit | 20251 year or less | 20251 to 5 years | 2025Total | Source |
|---|---|---|---|---|
| Group 2025 Financial liabilities | ||||
| Borrowings$'000 | 13,142 | 1,263 | 14,405 | PDF p. 141 |
| Lease liabilities$'000 | 4,199 | 2,971 | 7,170 | PDF p. 141 |
Notes
Based on contractual undiscounted repayment obligations.
Maturity profile of Group financial liabilities 2024
| Item / unit | 20241 year or less | 20241 to 5 years | 2024Total | Source |
|---|---|---|---|---|
| Group 2024 Financial liabilities | ||||
| Borrowings$'000 | 13,366 | 1,639 | 15,005 | PDF p. 141 |
| Lease liabilities$'000 | 6,451 | 4,328 | 10,779 | PDF p. 141 |
Notes
Based on contractual undiscounted repayment obligations.
Maturity profile of Company financial liabilities
| Item / unit | 20251 year or less | 20251 to 5 years | 2025Over 5 years | 2025Total | Source |
|---|---|---|---|---|---|
| Company 2025 Financial liabilities | |||||
| Borrowings$'000 | 23 | 31 | – | 54 | PDF p. 142 |
| Lease liabilities$'000 | 117 | – | – | 117 | PDF p. 142 |
Notes
2024 Company comparatives: Borrowings 23, 55, –, 78; Lease liabilities 155, 117, –, 272 (same columns).
Maturity profile of Company financial liabilities
| Item / unit | 20251 year or less | 20251 to 5 years | 2025Over 5 years | 2025Total | 20241 year or less | 20241 to 5 years | 2024Over 5 years | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company Financial liabilities | |||||||||
| Borrowings$'000 | 23 | 31 | – | 54 | 23 | 55 | – | 78 | PDF p. 142 |
| Lease liabilities$'000 | 117 | – | – | 117 | 155 | 117 | – | 272 | PDF p. 142 |
Notes
2024 Company comparatives: Borrowings 23, 55, –, 78; Lease liabilities 155, 117, –, 272 (same columns).
Borrowing notes 1 tables
Borrowings
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current | |||||
| Bank overdrafts (Note 26)$'000 | 1,286 | 980 | – | – | PDF p. 130 |
| Trust receipts and bills payable$'000 | 6,362 | 6,885 | – | – | PDF p. 130 |
| Term loans$'000 | 4,803 | 4,734 | – | – | PDF p. 130 |
| Other borrowings$'000 | 83 | 21 | 22 | 21 | PDF p. 130 |
| Current borrowings total$'000 | 12,534 | 12,620 | 22 | 21 | PDF p. 130 |
| Non-current | |||||
| Bank borrowings – Term loans$'000 | 1,012 | 1,338 | – | – | PDF p. 130 |
| Other borrowings$'000 | 132 | 52 | 30 | 52 | PDF p. 130 |
| Non-current borrowings total$'000 | 1,144 | 1,390 | 30 | 52 | PDF p. 130 |
| Total | |||||
| Total$'000 | 13,678 | 14,010 | 52 | 73 | PDF p. 130 |
Notes
Subtotal of current bank items 12,451 / 12,599 shown before Other borrowings. Corporate guarantees by the Company approx $35,335,000 (2024: $38,671,000) for facilities to certain subsidiaries and associate.
Term loans bear interest 3.25% to 7.70% (2024: 3.25% to 7.65%); bank overdrafts 4.20% to 7.90% (2024: 4.20% to 7.90%); trust receipts and bills payable 3.80% to 7.37% (2024: 3.83% to 8.32%); other borrowings 2.08% to 3.56% (2024: 2.08%).
Group did not fulfil minimum net worth, working capital and interest cover covenants; bank waivers obtained subsequent to year end.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 Dividend Policy | The Company does not have a fixed dividend policy. The Board aims to declare and pay annual dividend. In considering the level of dividend payments, the Board takes into account various factors including level of available cash, return on equity and retained earnings and projected level of capital expenditure and other investment plans. | Company, FY2025 | PDF p. 71 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend for FY2025 | The Company did not declare or recommend any dividend for FY2025 as the Company incurred losses for the financial year. | Company, FY2025 (year ended 30 June 2025) | PDF p. 71 |
Extracted from Annual Report 2024/2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | Ernst & Young LLP | Group | PDF p. 85 |
| Engagement partner | Ang Chuen Beng | Group | PDF p. 85 |
| Opinion | In our opinion, the accompanying consolidated financial statements of the Group, the balance sheet and the statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the 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. 80 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Basis of preparation (going concern) | In the opinion of the directors, the Group is able to continue as a going concern | Group | PDF p. 93 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Assessment of carrying value of associates | We have identified this as a key audit matter as the recoverable amount calculation involves significant judgement and estimates that are affected by future market and economic conditions. | Group | PDF p. 81 |
| Recoverability of receivables from associate and related party of associate | The determination as to whether the debt is collectable as well as the amount of expected credit losses to be recognised involves significant management judgement. | Group | PDF p. 81 |
| Impairment assessment of furniture, fixtures and equipment (“FFE”), right-of-use assets (“ROUA”) and investment in subsidiaries | Hence, we consider this to be a key audit matter. | Group | PDF p. 82 |
| Adequacy of allowances for inventory obsolescence and net realisable value | As the Group sells retail merchandise that is subjected to changing consumer demands and fashion trends, significant judgement is required to assess and estimate the appropriate level of allowance for merchandise. | Group | PDF p. 82 |
Extracted from Annual Report 2024/2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Annual Report 2024/2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.