COSCO SHP SG F83
Financials
COSCO SHIPPING International (Singapore) Co., Ltd. Annual Report 2025
Explore the statements
16 tablesConsolidated Statement of Financial Position
32 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| ASSETS — Non-current assets | |||||
| Property, plant and equipmentSGD thousands | 662,172 | 657,610 | 26 | 35 | PDF p. 163 |
| Intangible assetsSGD thousands | 4,181 | 8,198 | – | – | PDF p. 163 |
| Investment propertiesSGD thousands | 21,725 | 22,297 | – | – | PDF p. 163 |
| Investments in subsidiariesSGD thousands | – | – | 681,213 | 429,677 | PDF p. 163 |
| Investments in associatesSGD thousands | 56,656 | 61,165 | 55,670 | 55,670 | PDF p. 163 |
| Deferred tax assetsSGD thousands | 366 | 245 | – | – | PDF p. 163 |
| Trade and other receivables — non-currentSGD thousands | 374 | 770 | – | – | PDF p. 163 |
| ASSETS — Non-current assets subtotal | |||||
| Total non-current assetsSGD thousands | 745,474 | 750,285 | 736,909 | 485,382 | PDF p. 163 |
| ASSETS — Current assets | |||||
| InventoriesSGD thousands | 466 | 471 | – | – | PDF p. 163 |
| Contract assetsSGD thousands | 8,679 | 929 | – | – | PDF p. 163 |
| Trade and other receivables — currentSGD thousands | 45,856 | 46,361 | 129 | 19,121 | PDF p. 163 |
| Current tax receivablesSGD thousands | 805 | 564 | – | – | PDF p. 163 |
| Cash and cash equivalentsSGD thousands | 179,028 | 47,589 | 114,592 | 16,485 | PDF p. 163 |
| ASSETS — Current assets subtotal | |||||
| Total current assetsSGD thousands | 234,834 | 95,914 | 114,721 | 35,606 | PDF p. 163 |
| ASSETS | |||||
| Total assetsSGD thousands | 980,308 | 846,199 | 851,630 | 520,988 | PDF p. 163 |
| EQUITY | |||||
| Share capitalSGD thousands | 543,402 | 270,608 | 543,402 | 270,608 | PDF p. 163 |
| Other reservesSGD thousands | 37,304 | 38,484 | 45,105 | 45,105 | PDF p. 163 |
| Retained earningsSGD thousands | 195,341 | 187,402 | 161,030 | 135,356 | PDF p. 163 |
| Equity attributable to owners of the CompanySGD thousands | 776,047 | 496,494 | 749,537 | 451,069 | PDF p. 163 |
| Non-controlling interestsSGD thousands | 5,036 | 4,880 | – | – | PDF p. 163 |
| Total equitySGD thousands | 781,083 | 501,374 | 749,537 | 451,069 | PDF p. 163 |
| LIABILITIES — Non-current liabilities | |||||
| Borrowings — non-currentSGD thousands | 79,917 | 173,517 | – | – | PDF p. 163 |
| Provisions — non-currentSGD thousands | 1,734 | 623 | – | – | PDF p. 163 |
| Deferred tax liabilitiesSGD thousands | 56,622 | 57,382 | – | – | PDF p. 163 |
| LIABILITIES — Non-current liabilities subtotal | |||||
| Total non-current liabilitiesSGD thousands | 138,273 | 231,522 | – | – | PDF p. 163 |
| LIABILITIES — Current liabilities | |||||
| Borrowings — currentSGD thousands | 13,666 | 80,526 | – | 34,069 | PDF p. 163 |
| Trade and other payablesSGD thousands | 40,883 | 26,746 | 102,006 | 35,708 | PDF p. 163 |
| Current tax liabilitiesSGD thousands | 6,394 | 5,111 | 87 | 142 | PDF p. 163 |
| Provisions — currentSGD thousands | 9 | 920 | – | – | PDF p. 163 |
| LIABILITIES — Current liabilities subtotal | |||||
| Total current liabilitiesSGD thousands | 60,952 | 113,303 | 102,093 | 69,919 | PDF p. 163 |
| LIABILITIES | |||||
| Total liabilitiesSGD thousands | 199,225 | 344,825 | 102,093 | 69,919 | PDF p. 163 |
| TOTAL EQUITY AND LIABILITIES | |||||
| Total equity and liabilitiesSGD thousands | 980,308 | 846,199 | 851,630 | 520,988 | PDF p. 163 |
Definitions & sources
Original report: PDF p. 163 ↗
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Profit or Loss
21 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| SalesSGD thousands | 193,999 | 172,916 | PDF p. 164 |
| Cost of salesSGD thousands | (147,463) | (130,436) | PDF p. 164 |
| Gross profitSGD thousands | 46,536 | 42,480 | PDF p. 164 |
| Other income — Interest income | |||
| Other income — Interest incomeSGD thousands | 1,768 | 965 | PDF p. 164 |
| Other income — Others | |||
| Other income — OthersSGD thousands | 2,662 | 3,724 | PDF p. 164 |
| Other income subtotal | |||
| Total other incomeSGD thousands | 4,430 | 4,689 | PDF p. 164 |
| Income statement | |||
| Other losses and gains (net)SGD thousands | (932) | 772 | PDF p. 164 |
| Expenses — Distribution | |||
| Expenses — DistributionSGD thousands | (4,057) | (3,558) | PDF p. 164 |
| Expenses — Administrative | |||
| Expenses — AdministrativeSGD thousands | (28,786) | (28,124) | PDF p. 164 |
| Expenses — Impairment loss reversed/(recognised) on trade receivables | |||
| Impairment loss reversed/(recognised) on trade receivablesSGD thousands | 82 | (168) | PDF p. 164 |
| Income statement | |||
| Results from operating activitiesSGD thousands | 17,273 | 16,091 | PDF p. 164 |
| Finance | |||
| Expenses — FinanceSGD thousands | (7,486) | (11,509) | PDF p. 164 |
| Income statement | |||
| Share of profit of associates, net of taxSGD thousands | 4,346 | 4,901 | PDF p. 164 |
| Profit before taxSGD thousands | 14,133 | 9,483 | PDF p. 164 |
| Tax expenseSGD thousands | (5,046) | (2,842) | PDF p. 164 |
| Profit for the yearSGD thousands | 9,087 | 6,641 | PDF p. 164 |
| Profit attributable to — Equity holders of the Company | |||
| Profit attributable to equity holders of the CompanySGD thousands | 7,939 | 5,474 | PDF p. 164 |
| Profit attributable to — Non-controlling interests | |||
| Profit attributable to non-controlling interestsSGD thousands | 1,148 | 1,167 | PDF p. 164 |
| Profit attributable subtotal | |||
| Total profit attributionSGD thousands | 9,087 | 6,641 | PDF p. 164 |
| Earnings per share for profit attributable to equity holders of the Company (expressed in cents per share) | |||
| Basic earnings per shareSGD cents per share | 0.18 | 0.24 | PDF p. 164 |
| Diluted earnings per shareSGD cents per share | 0.18 | 0.24 | PDF p. 164 |
Definitions & sources
Original report: PDF p. 164 ↗
The accompanying notes form an integral part of these financial statements.
No Company columns are printed on the Consolidated Statement of Profit or Loss.
Consolidated Statement of Comprehensive Income
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Comprehensive income | |||
| Profit for the yearSGD thousands | 9,087 | 6,641 | PDF p. 165 |
| Other comprehensive income — Items that are or may be reclassified subsequently to profit or loss — Currency translation differences arising from consolidation — (Losses)/gains | |||
| Currency translation differences arising from consolidation — (Losses)/gainsSGD thousands | (1,518) | 4,244 | PDF p. 165 |
| Other comprehensive income, net of tax | |||
| Other comprehensive income, net of taxSGD thousands | (1,518) | 4,244 | PDF p. 165 |
| Comprehensive income | |||
| Total comprehensive incomeSGD thousands | 7,569 | 10,885 | PDF p. 165 |
| Total comprehensive income attributable to — Equity holders of the Company | |||
| Total comprehensive income attributable to equity holders of the CompanySGD thousands | 6,759 | 9,408 | PDF p. 165 |
| Total comprehensive income attributable to — Non-controlling interests | |||
| Total comprehensive income attributable to non-controlling interestsSGD thousands | 810 | 1,477 | PDF p. 165 |
| Total comprehensive income attributable subtotal | |||
| Total comprehensive income attributionSGD thousands | 7,569 | 10,885 | PDF p. 165 |
Definitions & sources
Original report: PDF p. 165 ↗
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Cash Flows
40 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit for the yearSGD thousands | 9,087 | 6,641 | PDF p. 167 |
| Cash flows from operating activities; adjustments | |||
| Amortisation of intangible assetsSGD thousands | 4,042 | 4,031 | PDF p. 167 |
| Depreciation of property, plant and equipmentSGD thousands | 34,537 | 30,806 | PDF p. 167 |
| Depreciation of investment propertiesSGD thousands | 1,087 | 1,067 | PDF p. 167 |
| Tax expenseSGD thousands | 5,046 | 2,842 | PDF p. 167 |
| Interest expenseSGD thousands | 7,486 | 11,509 | PDF p. 167 |
| Interest incomeSGD thousands | (1,768) | (965) | PDF p. 167 |
| Impairment loss (reversed)/recognised on trade receivablesSGD thousands | (82) | 168 | PDF p. 167 |
| Loss/(gain) on disposal of property, plant and equipmentSGD thousands | 227 | (409) | PDF p. 167 |
| Write-off of property, plant and equipmentSGD thousands | – | 2 | PDF p. 167 |
| Share of profit of associatesSGD thousands | (4,346) | (4,901) | PDF p. 167 |
| Unrealised exchange differencesSGD thousands | (46) | (26) | PDF p. 167 |
| Cash flows from operating activities | |||
| Operating cash flow before working capital changesSGD thousands | 55,270 | 50,765 | PDF p. 167 |
| Cash flows from operating activities; changes in | |||
| Changes in inventoriesSGD thousands | 5 | (69) | PDF p. 167 |
| Changes in contract assetsSGD thousands | (7,750) | (51) | PDF p. 167 |
| Changes in trade and other receivablesSGD thousands | 1,085 | (1,041) | PDF p. 167 |
| Changes in trade and other payablesSGD thousands | 9,116 | (9,855) | PDF p. 167 |
| Changes in provisionsSGD thousands | – | (812) | PDF p. 167 |
| Cash flows from operating activities | |||
| Cash generated from operationsSGD thousands | 57,726 | 38,937 | PDF p. 167 |
| Tax paidSGD thousands | (5,102) | (4,632) | PDF p. 167 |
| Net cash from operating activitiesSGD thousands | 52,624 | 34,305 | PDF p. 167 |
| Cash flows from investing activities | |||
| Additions to property, plant and equipmentSGD thousands | (19,379) | (14,502) | PDF p. 167 |
| Additions to investment propertiesSGD thousands | (27) | – | PDF p. 167 |
| Proceeds from disposal of property, plant and equipmentSGD thousands | 423 | 1,263 | PDF p. 167 |
| Acquisition of subsidiarySGD thousands | – | (3,211) | PDF p. 167 |
| Capital injection in associateSGD thousands | – | (6,644) | PDF p. 167 |
| Interest receivedSGD thousands | 1,669 | 1,017 | PDF p. 167 |
| Dividend received from associatesSGD thousands | 5,757 | 7,286 | PDF p. 167 |
| Net cash used in investing activitiesSGD thousands | (11,557) | (14,791) | PDF p. 167 |
| Cash flows from financing activities | |||
| Repayment of borrowingsSGD thousands | (161,490) | (17,238) | PDF p. 167 |
| Repayment of lease liabilitiesSGD thousands | (12,402) | (9,902) | PDF p. 167 |
| Net proceeds from rights issueSGD thousands | 272,794 | – | PDF p. 167 |
| Decrease in bank deposits pledgedSGD thousands | 145 | 417 | PDF p. 167 |
| Interest paidSGD thousands | (7,658) | (11,562) | PDF p. 167 |
| Dividend paid to non-controlling interests of a subsidiarySGD thousands | (654) | (533) | PDF p. 167 |
| Consolidated Statement of Cash Flows | |||
| Net cash from/(used in) financing activitiesSGD thousands | 90,735 | (38,818) | PDF p. 167 |
| Cash and cash equivalents | |||
| Net increase/(decrease) in cash and cash equivalentsSGD thousands | 131,802 | (19,304) | PDF p. 167 |
| Cash and cash equivalents at beginning of financial yearSGD thousands | 47,081 | 65,751 | PDF p. 167 |
| Effects of currency translation on cash and cash equivalentsSGD thousands | (218) | 634 | PDF p. 167 |
| Consolidated Statement of Cash Flows | |||
| Cash and cash equivalents at end of financial yearSGD thousands | 178,665 | 47,081 | PDF p. 167 |
Definitions & sources
Original report: PDF p. 167 ↗
Printed scope is Group only; this statement does not show separate Company cash flow columns.
The cash flow statement has references A and B for supplementary reconciliations on page 168. Note A: Reconciliation of property, plant and equipment, $’000. Column order: consideration paid for purchase of property, plant and equipment; provision for reinstatement costs; unpaid consideration; property, plant and equipment acquired under leasing arrangement; property, plant and equipment additions (Note 4). 2025 values: 19,379; 200; 5,192; 11,404; 36,175. 2024 values: 14,502; 118; 2,390; 13,286; 30,296. Note B: Reconciliation of liabilities arising from financing activities, $’000. For 2025 column order is 1 January 2025; principal and interest payments; addition/modification arising from SFRS(I) 16; interest expense; foreign exchange movement; 31 December 2025. Borrowings: 161,490; (161,490); –; –; –; –. Lease liabilities: 92,553; (12,402); 12,384; –; 1,048; 93,583. Interest payable: 172; (7,658); –; 7,486; –; –. For 2024 column order is 1 January 2024; principal and interest payments; addition/modification arising from SFRS(I) 16; early termination of lease; interest expense; foreign exchange movement; 31 December 2024. Borrowings: 178,649; (17,238); –; –; –; 79; 161,490. Lease liabilities: 83,153; (9,902); 17,814; (42); –; 1,530; 92,553. Interest payable: 225; (11,562); –; –; 11,509; –; 172. Supplementary reconciliations are disclosed on page 168.
Financial Highlights: five-year profit or loss accounts
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Financial highlights — 5-year profit or loss accounts | ||||||
| RevenueSGD millions | 198.5 | 185.6 | 178.7 | 173.0 | 194.0 | PDF p. 7 |
| Total profit / (loss)SGD millions | 30.8 | (87.8) | 2.6 | 6.6 | 9.1 | PDF p. 7 |
| Profit / (Loss) attributable to equity holders of the CompanySGD millions | 30.1 | (88.6) | 1.9 | 5.5 | 7.9 | PDF p. 7 |
Definitions & sources
Original report: PDF p. 7 ↗
Financial Highlights: other key statistics
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Financial Highlights: other key statistics | ||||||
| Number of Sharesmillion shares | 2,239.2 | 2,239.2 | 2,239.2 | 2,239.2 | 4,478.5 | PDF p. 7 |
| Other key statistics | ||||||
| Basic Earnings / (loss) per ShareSGD cents per share | 1.3 | (4.0) | 0.08 | 0.2 | 0.177 | PDF p. 7 |
| Net Tangible Assets per ShareSGD cents per share | 20.1 | 20.9 | 21.0 | 21.8 | 17.2 | PDF p. 7 |
| Net Assets Value per ShareSGD cents per share | 25.6 | 21.8 | 21.8 | 22.2 | 17.4 | PDF p. 7 |
| Gearing Ratio (net of cash)times | 0.4 | 0.5 | 0.4 | 0.4 | (0.1) | PDF p. 7 |
| Return on Equity% | 5.4 | (16.7) | 0.4 | 1.1 | 1.0 | PDF p. 7 |
| Return on Assets% | 2.9 | (9.5) | 0.2 | 0.7 | 0.8 | PDF p. 7 |
Definitions & sources
Original report: PDF p. 7 ↗
Five-Year Summary — Profit or Loss
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Profit or loss | ||||||
| SalesSGD thousands | 198,463 | 185,643 | 178,710 | 172,916 | 193,999 | PDF p. 231 |
| Profit/(loss) before income taxSGD thousands | 34,517 | (84,563) | 5,655 | 9,483 | 14,133 | PDF p. 231 |
| Income tax expenseSGD thousands | (3,674) | (3,197) | (3,027) | (2,842) | (5,046) | PDF p. 231 |
| Total profit/(loss)SGD thousands | 30,843 | (87,760) | 2,628 | 6,641 | 9,087 | PDF p. 231 |
| Profit/(loss) attributable to equity holders of the CompanySGD thousands | 30,112 | (88,600) | 1,900 | 5,474 | 7,939 | PDF p. 231 |
| Profit or loss — attribution | ||||||
| Profit/(loss) attributable to non-controlling interestsSGD thousands | 731 | 840 | 728 | 1,167 | 1,148 | PDF p. 231 |
| Total profit/(loss) attributionSGD thousands | 30,843 | (87,760) | 2,628 | 6,641 | 9,087 | PDF p. 231 |
Definitions & sources
Original report: PDF p. 231 ↗
Five-Year Summary — Balance Sheet
15 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Balance sheet | ||||||
| Share CapitalSGD thousands | 270,608 | 270,608 | 270,608 | 270,608 | 543,402 | PDF p. 231 |
| Statutory and other reservesSGD thousands | 34,924 | 38,386 | 34,550 | 38,484 | 37,304 | PDF p. 231 |
| Retained earnings/(Accumulated loss)SGD thousands | 268,628 | 180,028 | 181,928 | 187,402 | 195,341 | PDF p. 231 |
| Non-controlling interestsSGD thousands | 11,050 | 3,736 | 3,936 | 4,880 | 5,036 | PDF p. 231 |
| Total EquitySGD thousands | 585,210 | 492,758 | 491,022 | 501,374 | 781,083 | PDF p. 231 |
| Trade and other receivablesSGD thousands | 424 | 379 | 374 | 770 | 374 | PDF p. 231 |
| Investment in associated companiesSGD thousands | 55,251 | 58,803 | 55,510 | 61,165 | 56,656 | PDF p. 231 |
| Investment propertiesSGD thousands | 40,793 | 28,387 | 22,252 | 22,297 | 21,725 | PDF p. 231 |
| Property, plant and equipmentSGD thousands | 696,205 | 669,916 | 651,491 | 657,610 | 662,172 | PDF p. 231 |
| Intangible assetsSGD thousands | 119,411 | 16,281 | 12,180 | 8,198 | 4,181 | PDF p. 231 |
| Deferred income tax assetsSGD thousands | 10 | 111 | 171 | 245 | 366 | PDF p. 231 |
| Current assetsSGD thousands | 161,441 | 152,150 | 114,360 | 95,914 | 234,834 | PDF p. 231 |
| Current liabilitiesSGD thousands | (130,125) | (72,216) | (67,606) | (113,303) | (60,952) | PDF p. 231 |
| Non-current liabilitiesSGD thousands | (358,200) | (361,053) | (297,710) | (231,522) | (138,273) | PDF p. 231 |
| Net AssetsSGD thousands | 585,210 | 492,758 | 491,022 | 501,374 | 781,083 | PDF p. 231 |
Definitions & sources
Original report: PDF p. 231 ↗
Five-Year Summary — Ratios
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Ratios | ||||||
| Basic earnings/(loss) per shareSGD cents per share | 1.30 | (3.96) | 0.08 | 0.24 | 0.18 | PDF p. 231 |
| Net tangible assets per shareSGD cents per share | 20.1 | 20.9 | 21.0 | 21.8 | 17.2 | PDF p. 231 |
| Gearing ratio (Net of Cash)ratio | 0.4 | 0.5 | 0.4 | 0.4 | (0.1) | PDF p. 231 |
Definitions & sources
Original report: PDF p. 231 ↗
1. Basic earnings/(loss) per share is calculated as net profit/(loss) attributable to equity holders of the company divided by the weighted average number of ordinary shares issued in the financial year.
2. Gearing ratio (Net of Cash) is derived by taking total borrowings, net of cash and cash equivalents, over the shareholders’ funds.
Basic earnings per share — Group
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Basic earnings per share | |||
| Net profit attributable to equity holders of the CompanySGD thousands | 7,939 | 5,474 | PDF p. 216 |
| Basic earnings per share — Group | |||
| Number of ordinary shares outstanding for basic earnings per sharethousand shares | 4,478,490 | 2,239,245 | PDF p. 216 |
| Basic earnings per share | |||
| Basic earnings per shareSGD cents per share | 0.18 | 0.24 | PDF p. 216 |
Definitions & sources
Original report: PDF p. 216 ↗
Proposed and paid dividends
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Proposed for financial year ended 31 December 2025; 2024 comparison | 2024Proposed for financial year ended 31 December 2025; 2024 comparison | Source |
|---|---|---|---|
| Dividends proposed | |||
| First and final ordinary one-tier tax-exempt dividend per shareSingapore cents per share | 0.089 | Nil | PDF p. 209 |
Definitions & sources
Original report: PDF p. 209 ↗
The proposed dividend is subject to approval by shareholders at the upcoming Annual General Meeting on 27 April 2026. The proposed dividend has not been included as a liability in the current year’s consolidated financial statements.
Consolidated Statement of Changes in Equity — 2024
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare capital | 2024GroupStatutory and other reserves | 2024GroupRetained earnings | 2024GroupTotal attributable to equity holders of the Company | 2024GroupNon-controlling interest | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|
| Consolidated statement of changes in equity | |||||||
| At 1 January 2024SGD thousands | 270,608 | 34,550 | 181,928 | 487,086 | 3,936 | 491,022 | PDF p. 166 |
| Profit for the yearSGD thousands | – | – | 5,474 | 5,474 | 1,167 | 6,641 | PDF p. 166 |
| Other comprehensive income for the yearSGD thousands | – | 3,934 | – | 3,934 | 310 | 4,244 | PDF p. 166 |
| Total comprehensive income for the yearSGD thousands | – | 3,934 | 5,474 | 9,408 | 1,477 | 10,885 | PDF p. 166 |
| Dividend declared by subsidiaries to minority shareholdersSGD thousands | – | – | – | – | (533) | (533) | PDF p. 166 |
| Total transactions with ownersSGD thousands | – | – | – | – | (533) | (533) | PDF p. 166 |
| At 31 December 2024SGD thousands | 270,608 | 38,484 | 187,402 | 496,494 | 4,880 | 501,374 | PDF p. 166 |
Definitions & sources
Original report: PDF p. 166 ↗
Consolidated Statement of Changes in Equity — 2025
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupStatutory and other reserves | 2025GroupRetained earnings | 2025GroupTotal attributable to equity holders of the Company | 2025GroupNon-controlling interest | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|
| Consolidated statement of changes in equity | |||||||
| At 1 January 2025SGD thousands | 270,608 | 38,484 | 187,402 | 496,494 | 4,880 | 501,374 | PDF p. 166 |
| Profit for the yearSGD thousands | – | – | 7,939 | 7,939 | 1,148 | 9,087 | PDF p. 166 |
| Other comprehensive income for the yearSGD thousands | – | (1,180) | – | (1,180) | (338) | (1,518) | PDF p. 166 |
| Total comprehensive income for the yearSGD thousands | – | (1,180) | 7,939 | 6,759 | 810 | 7,569 | PDF p. 166 |
| Dividend declared by subsidiaries to minority shareholdersSGD thousands | – | – | – | – | (654) | (654) | PDF p. 166 |
| Issue of ordinary shares pursuant to rights issueSGD thousands | 273,188 | – | – | 273,188 | – | 273,188 | PDF p. 166 |
| Share issue expensesSGD thousands | (394) | – | – | (394) | – | (394) | PDF p. 166 |
| Total transactions with ownersSGD thousands | 272,794 | – | – | 272,794 | (654) | 272,140 | PDF p. 166 |
| At 31 December 2025SGD thousands | 543,402 | 37,304 | 195,341 | 776,047 | 5,036 | 781,083 | PDF p. 166 |
Definitions & sources
Original report: PDF p. 166 ↗
Cash Flow Note A — Reconciliation of property, plant and equipment
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flow reconciliation notes | |||
| Consideration paid for purchase of property, plant and equipmentSGD thousands | 19,379 | 14,502 | PDF p. 168 |
| Provision for reinstatement costsSGD thousands | 200 | 118 | PDF p. 168 |
| Unpaid considerationSGD thousands | 5,192 | 2,390 | PDF p. 168 |
| Property, plant and equipment acquired under leasing arrangementSGD thousands | 11,404 | 13,286 | PDF p. 168 |
| Property, plant and equipment additions (Note 4)SGD thousands | 36,175 | 30,296 | PDF p. 168 |
Definitions & sources
Original report: PDF p. 168 ↗
Cash Flow Note B — Financing liabilities reconciliation 2025
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group1 January 2025 | 2025GroupPrincipal and interest payments | 2025GroupAddition/modification arising from SFRS(I) 16 | 2025GroupInterest expense | 2025GroupForeign exchange movement | 2025Group31 December 2025 | Source |
|---|---|---|---|---|---|---|---|
| Cash flow reconciliation notes | |||||||
| BorrowingsSGD thousands | 161,490 | (161,490) | – | – | – | – | PDF p. 168 |
| Lease liabilitiesSGD thousands | 92,553 | (12,402) | 12,384 | – | 1,048 | 93,583 | PDF p. 168 |
| Interest payableSGD thousands | 172 | (7,658) | – | 7,486 | – | – | PDF p. 168 |
Definitions & sources
Original report: PDF p. 168 ↗
Cash Flow Note B — Financing liabilities reconciliation 2024
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group1 January 2024 | 2024GroupPrincipal and interest payments | 2024GroupAddition/modification arising from SFRS(I) 16 | 2024GroupEarly termination of lease | 2024GroupInterest expense | 2024GroupForeign exchange movement | 2024Group31 December 2024 | Source |
|---|---|---|---|---|---|---|---|---|
| Cash flow reconciliation notes | ||||||||
| BorrowingsSGD thousands | 178,649 | (17,238) | – | – | – | 79 | 161,490 | PDF p. 168 |
| Lease liabilitiesSGD thousands | 83,153 | (9,902) | 17,814 | (42) | – | 1,530 | 92,553 | PDF p. 168 |
| Interest payableSGD thousands | 225 | (11,562) | – | – | 11,509 | – | 172 | PDF p. 168 |
Definitions & sources
Original report: PDF p. 168 ↗
Where the money comes from
Segment information
By business
Operating segments – Group, 31 December 2025 ($'000) 16 lines
| Item / unit | 2025Logistics management services | 2025Ship repair, and marine engineering activities | 2025Property management services | 2025Shipping | 2025Unallocated items | 2025Total | Source |
|---|---|---|---|---|---|---|---|
| Sales | |||||||
| - External sales$'000 | 165,541 | 26,278 | 2,180 | – | – | 193,999 | PDF p. 227 |
| - Inter-segment sales$'000 | – | – | 182 | – | – | 182 | PDF p. 227 |
| Results | |||||||
| Segment results$'000 | 17,603 | 3,589 | 965 | – | (6,652) | 15,505 | PDF p. 227 |
| Interest income$'000 | 777 | 73 | – | – | 918 | 1,768 | PDF p. 227 |
| Finance expense$'000 | (6,511) | (43) | – | – | (932) | (7,486) | PDF p. 227 |
| Share of profit/(loss) of associates$'000 | 4,693 | – | – | (347) | – | 4,346 | PDF p. 227 |
| Profit/(loss) before income tax$'000 | 16,562 | 3,619 | 965 | (347) | (6,666) | 14,133 | PDF p. 227 |
| Other segment items | |||||||
| Amortisation of intangible assets$'000 | 4,042 | – | – | – | – | 4,042 | PDF p. 227 |
| Depreciation of property, plant and equipment$'000 | 33,311 | 1,084 | 123 | – | 19 | 34,537 | PDF p. 227 |
| Depreciation of investment properties$'000 | 353 | – | 734 | – | – | 1,087 | PDF p. 227 |
| Impairment loss reserved on trade receivables$'000 | (82) | – | – | – | – | (82) | PDF p. 227 |
| Capital expenditure | |||||||
| Additions to property, plant and equipment$'000 | 35,759 | 407 | – | – | 9 | 36,175 | PDF p. 227 |
| Additions to investment properties$'000 | – | – | 27 | – | – | 27 | PDF p. 227 |
| Assets | |||||||
| Segment assets$'000 | 763,345 | 31,490 | 13,011 | – | 115,806 | 923,652 | PDF p. 227 |
| Associates$'000 | 23,967 | – | – | 32,689 | – | 56,656 | PDF p. 227 |
| Liabilities | |||||||
| Segment liabilities$'000 | 183,007 | 10,771 | 1,590 | – | 3,857 | 199,225 | PDF p. 227 |
Notes
Rows with a single value (Elimination, Income tax expense, Net profit, Consolidated totals, net assets) are printed only in the Total column position; no per-segment values printed.
Sales subtotal rows (194,181 and 193,999) are unlabelled in the source and not extracted as separate rows.
Segment assets consist primarily of property, plant and equipment, intangible assets, investment properties, deferred tax assets, inventories, contract assets, trade and other receivables, current tax receivables, and cash and cash equivalents. Segment liabilities consist primarily of trade and other payables, provisions, current tax liabilities, and deferred tax liabilities. Capital expenditure represents capital additions to property, plant and equipment (Note 4) and investment properties (Note 6).
Operating segments – Group, 31 December 2024 ($'000) 16 lines
| Item / unit | 2024Logistics management services | 2024Ship repair, and marine engineering activities | 2024Property management services | 2024Shipping | 2024Unallocated items | 2024Total | Source |
|---|---|---|---|---|---|---|---|
| Sales | |||||||
| - External sales$'000 | 149,867 | 20,139 | 2,910 | – | – | 172,916 | PDF p. 228 |
| - Inter-segment sales$'000 | – | – | 542 | – | – | 542 | PDF p. 228 |
| Results | |||||||
| Segment results$'000 | 17,019 | 3,755 | 1,094 | – | (6,742) | 15,126 | PDF p. 228 |
| Interest income$'000 | 85 | 106 | – | – | 774 | 965 | PDF p. 228 |
| Finance expense$'000 | (9,860) | (45) | – | – | (1,604) | (11,509) | PDF p. 228 |
| Share of profit of associates$'000 | 4,114 | – | – | 787 | – | 4,901 | PDF p. 228 |
| Profit/(loss) before income tax$'000 | 11,358 | 3,816 | 1,094 | 787 | (7,572) | 9,483 | PDF p. 228 |
| Other segment items | |||||||
| Amortisation of intangible assets$'000 | 4,031 | – | – | – | – | 4,031 | PDF p. 228 |
| Depreciation of property, plant and equipment$'000 | 29,536 | 1,128 | 124 | – | 18 | 30,806 | PDF p. 228 |
| Depreciation of investment properties$'000 | 319 | – | 748 | – | – | 1,067 | PDF p. 228 |
| Impairment loss recognised on trade and other receivables$'000 | 168 | – | – | – | – | 168 | PDF p. 228 |
| Capital expenditure | |||||||
| Additions to property, plant and equipment$'000 | 33,847 | 496 | 8 | – | 17 | 34,368 | PDF p. 228 |
| Additions to investment properties$'000 | – | – | 456 | – | – | 456 | PDF p. 228 |
| Assets | |||||||
| Segment assets$'000 | 728,297 | 25,099 | 14,020 | – | 17,618 | 785,034 | PDF p. 228 |
| Associates$'000 | 24,423 | – | – | 36,742 | – | 61,165 | PDF p. 228 |
| Liabilities | |||||||
| Segment liabilities$'000 | 298,076 | 5,923 | 3,232 | – | 37,594 | 344,825 | PDF p. 228 |
Notes
Rows with a single value are printed only in the Total column position.
Sales between segments are carried out at terms agreed between the relevant parties. The revenue from external parties reported to the CODM is measured in a manner consistent with that in the consolidated profit or loss.
Table continues the Note 32 segment information; the column header is repeated on this page.
By geography
Geographical information – Sales and Non-current assets ($'000) 3 lines
| Item / unit | 2025Sales | 2024Sales | 2025Non-current assets (other than deferred tax assets) | 2024Non-current assets (other than deferred tax assets) | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| Singapore$'000 | 167,634 | 148,494 | 667,021 | 674,415 | PDF p. 229 |
| Malaysia$'000 | 26,365 | 24,422 | 77,713 | 74,855 | PDF p. 229 |
| Total (unlabelled)$'000 | 193,999 | 172,916 | 744,734 | 749,270 | PDF p. 229 |
Notes
Sales are based on the country in which the services are rendered to the customers. Non-current assets (other than deferred tax assets) are shown by the geographical area where the assets are located.
Total row has no printed label.
Major customer: Revenue of approximately $18,892,000 (2024: $33,947,000) are derived from one (2024: one) single external customer. These revenues are attributable to the Singapore Logistics segment.
Debt
Borrowings
Borrowing notes 2 tables
Borrowings
| Item / unit | 2025Group $'000 | 2024Group $'000 | 2025Company $'000 | 2024Company $'000 | Source |
|---|---|---|---|---|---|
| Current | |||||
| Bank borrowings (unsecured)$'000 | – | 54,869 | – | 34,069 | PDF p. 209 |
| Bank borrowings (secured)$'000 | – | 14,537 | – | – | PDF p. 209 |
| Lease liabilities (secured)$'000 | 13,666 | 11,120 | – | – | PDF p. 209 |
| Non-current | |||||
| Bank borrowings (secured)$'000 | – | 92,084 | – | – | PDF p. 209 |
| Lease liabilities (secured)$'000 | 79,917 | 81,433 | – | – | PDF p. 209 |
| Total | |||||
| Total borrowings$'000 | 93,583 | 254,043 | – | 34,069 | PDF p. 209 |
Notes
Prior year borrowings of Group $161,490,000 and Company $34,069,000 had variable interest rates contractually repriced within 1 to 3 months; fully repaid during 2025.
Prior year total borrowings include secured liabilities of $199,174,000 for the Group. Bank borrowings secured by certain bank deposits (Note 12) and certain property, plant and equipment (Note 4). Lease liabilities are secured over right-of-use assets.
Non-current bank borrowings of $92,084,000 in 2024 had financial covenants (interest coverage >2.0; total liabilities not exceeding 70% of total assets; tangible net worth not less than $200 million); complied with.
Variable-rate borrowings denominated mainly in SGD. No interest rate ranges printed.
Note 30(b) Liquidity risk - Company borrowings 2024
| Item / unit | 2024Less than 1 year, $'000 | 2024Between 1 and 5 years, $'000 | 2024Over 5 years, $'000 | Source |
|---|---|---|---|---|
| Company 31 December 2024 | ||||
| Borrowings$'000 | (35,540) | – | – | PDF p. 223 |
Notes
No Company borrowings row printed for 31 December 2025.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| DIVIDEND POLICY | The Company does not have a fixed dividend policy. The declaration of dividends, if any, will be considered by the Board after taking into account the Group’s financial performance, capital requirements, liquidity position and future investment needs. | Company | PDF p. 52 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| first and final ordinary one-tier tax-exempt dividend | 0.089 Singapore cents per share | FY2025 proposed first and final dividend per share; one-tier tax-exempt; subject to shareholder approval at AGM on 27 April 2026 | PDF p. 209 |
| first and final ordinary one-tier tax-exempt dividend (2024) | Nil | FY2024 comparative dividend per share | PDF p. 209 |
| Record date | 11 May 2026 | FY2025 proposed first and final dividend · As at 2026-05-11 | PDF p. 237 |
| Payment date | 25 May 2026 | FY2025 proposed first and final dividend · As at 2026-05-25 | PDF p. 237 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| first and final dividend (total for year) | 0.089 Singapore cents per share | FY2025 total dividend per share | PDF p. 52 |
Extracted from COSCO SHIPPING International (Singapore) Co., Ltd. Annual Report 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 |
|---|---|---|---|
| Audit firm | KPMG LLP | Group and Company, FY2025 | PDF p. 162 |
| Engagement partner | Tan Chia Loong | Group and Company, FY2025 | PDF p. 162 |
Extracted from COSCO SHIPPING International (Singapore) Co., Ltd. Annual Report 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 COSCO SHIPPING International (Singapore) Co., Ltd. Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
All tables reproduce the figures and comparison years printed in the FY2025 official annual report. Financial Highlights use SGD millions, rounded ratios and EPS; statements and Five-Year Summary use SGD thousands and cents. Do not silently harmonise 0.177 cents (Highlights) with 0.18 cents (statements/Note 26), or 2024 0.2 cents with 0.24 cents.
2025 rights issue doubled issued shares. Note 26 uses 4,478,490 thousand shares in 2025 and 2,239,245 thousand in 2024; the Five-Year Summary separately describes weighted average shares. These are the report's stated bases, without retrospective recalculation.
Source contains unlabelled subtotals and attribution totals. Display labels identify them using the adjacent original section heading; all values are printed in the original.
The FY2025 0.089 Singapore cents dividend is proposed, subject to approval, and was not included as a liability at 31 December 2025. The cash-flow dividend paid to non-controlling interests is a separate distribution.
Balance-sheet cash includes pledged deposits. Cash-flow closing cash is 178,665 / 47,081 thousand; balance-sheet cash is 179,028 / 47,589 thousand.
The Five-Year Summary on physical PDF p.231 prints attribution labels one numeric row below their apparent intended figures. Display labels identify owner profit, non-controlling profit, and total profit, corroborated by the audited profit statement and arithmetic. Original printed labels are preserved in prior_original_label; numeric values are unchanged.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.