GP Industries G20

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Financials

Annual Report 2025-2026

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64 tables

Group income — FY2026 source

18 metrics

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Group income — FY2026 source from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Group income — FY2026 source
RevenueSingapore dollars thousands 1,094,4701,104,700 PDF p. 86
Cost of salesSingapore dollars thousands (774,848)(774,524) PDF p. 86
Gross profitSingapore dollars thousands 319,622330,176 PDF p. 86
Other operating incomeSingapore dollars thousands 25,13226,357 PDF p. 86
Distribution costsSingapore dollars thousands (139,265)(146,732) PDF p. 86
Administrative expensesSingapore dollars thousands (128,217)(129,560) PDF p. 86
Allowance for expected credit losses, netSingapore dollars thousands (1,207)(1,181) PDF p. 86
Other operating expensesSingapore dollars thousands (9,906)(11,096) PDF p. 86
Profit before finance costs and share of results of associatesSingapore dollars thousands 66,15967,964 PDF p. 86
Finance costsSingapore dollars thousands (23,431)(28,915) PDF p. 86
Share of results of associatesSingapore dollars thousands 19,16613,462 PDF p. 86
Profit before taxationSingapore dollars thousands 61,89452,511 PDF p. 86
Income tax expenseSingapore dollars thousands (17,778)(12,413) PDF p. 86
Profit for the financial yearSingapore dollars thousands 44,11640,098 PDF p. 86
Equity holders of the CompanySingapore dollars thousands 28,43124,326 PDF p. 86
Non-controlling interestsSingapore dollars thousands 15,68515,772 PDF p. 86
SubtotalSingapore dollars thousands 44,11640,098 PDF p. 86
Earnings per share (Singapore cents):
Basic and dilutedcents per share 5.654.90 PDF p. 86
Definitions & sources

Original report: PDF p. 86 ↗

Group comprehensive income — FY2026 source

14 metrics

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Group comprehensive income — FY2026 source from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Group comprehensive income — FY2026 source
Profit for the financial yearSingapore dollars thousands 44,11640,098 PDF p. 87
Items that will not be reclassified subsequently to profit or loss:
Fair value gain (loss) on financial assets at fair value through other comprehensive incomeSingapore dollars thousands 2,633(47,743) PDF p. 87 Label p. 87
Revaluation surplus on property, plant and equipment upon transfer to investment properties (Note 11)Singapore dollars thousands -28,920 PDF p. 87 Label p. 87
Deferred tax liability on revaluation surplus on property, plant and equipment upon transfer to investment properties (Note 27)Singapore dollars thousands (2,281)(4,926) PDF p. 87 Label p. 87
Share of other comprehensive income of associates - Defined benefit plan remeasurementsSingapore dollars thousands 8728 PDF p. 87 Label p. 87
Items that are or may be reclassified subsequently to profit or loss:
Foreign exchange translation - Exchange translation surplus (deficit)Singapore dollars thousands 4,196(6,670) PDF p. 87 Label p. 87
- Exchange translation surplus, reclassified to profit or loss upon de-registration of subsidiariesSingapore dollars thousands (638)(1,991) PDF p. 87 Label p. 87
Share of other comprehensive (loss) income of associates - Exchange translation surplus, reclassified to profit or loss upon de-registration of an associateSingapore dollars thousands -(18) PDF p. 87 Label p. 87
- Exchange translation (deficit) surplusSingapore dollars thousands (1,989)14 PDF p. 87
Other comprehensive income (loss) for the financial year, net of taxSingapore dollars thousands 2,008(32,386) PDF p. 87
Total comprehensive income for the financial yearSingapore dollars thousands 46,1247,712 PDF p. 87
Equity holders of the CompanySingapore dollars thousands 31,227(13,299) PDF p. 87
Non-controlling interestsSingapore dollars thousands 14,89721,011 PDF p. 87
SubtotalSingapore dollars thousands 46,1247,712 PDF p. 87
Definitions & sources

Original report: PDF p. 87 ↗

Group and Company financial position — FY2026 source

44 metrics

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Group and Company financial position — FY2026 source from Annual Report 2025-2026
Metric / unit 2026Group2025Group2026Company2025Company Source
Non-current Assets
Investment propertiesSingapore dollars thousands 74,67272,096-- PDF p. 88
Property, plant and equipmentSingapore dollars thousands 314,779311,027421583 PDF p. 88
Right-of-use assetsSingapore dollars thousands 22,25029,0741,8091,444 PDF p. 88
Interest in subsidiariesSingapore dollars thousands --428,681428,681 PDF p. 88
Interest in associatesSingapore dollars thousands 163,762164,33316,58616,586 PDF p. 88
Financial assets at fair value through other comprehensive incomeSingapore dollars thousands 3,8471,284-- PDF p. 88 Label p. 88
Financial assets at fair value through profit or lossSingapore dollars thousands 6,0307,6776,0307,677 PDF p. 88
Contract costsSingapore dollars thousands 524--- PDF p. 88
Deferred tax assetsSingapore dollars thousands 3,3353,619-- PDF p. 88
Deposits and prepaymentsSingapore dollars thousands 3,2543,198-- PDF p. 88
Intangible assetsSingapore dollars thousands 17,7939,690-- PDF p. 88
SubtotalSingapore dollars thousands 610,246601,998453,527454,971 PDF p. 88
Current Assets
InventoriesSingapore dollars thousands 166,510198,481-- PDF p. 88
Contract costsSingapore dollars thousands 152--- PDF p. 88
Receivables and prepaymentsSingapore dollars thousands 237,326218,9653848,542 PDF p. 88
Dividend receivableSingapore dollars thousands 5,9134,13012,31615,850 PDF p. 88
Taxation recoverableSingapore dollars thousands 2,5443,685-- PDF p. 88
Short-term investmentsSingapore dollars thousands 21,1112,623-- PDF p. 88
Bank balances, deposits and cashSingapore dollars thousands 184,758185,5112,7576,524 PDF p. 88
SubtotalSingapore dollars thousands 618,314613,39515,45730,916 PDF p. 88
Total AssetsSingapore dollars thousands 1,228,5601,215,393468,984485,887 PDF p. 88
Current Liabilities
Trade and other payablesSingapore dollars thousands 266,028258,97684,63882,626 PDF p. 88
Contract liabilitiesSingapore dollars thousands 20,34018,370-- PDF p. 88
Lease liabilitiesSingapore dollars thousands 8,00410,431668599 PDF p. 88
Income tax payableSingapore dollars thousands 6,7943,8721310 PDF p. 88
Derivative financial instrumentsSingapore dollars thousands 9--- PDF p. 88
Bank and other loansSingapore dollars thousands 316,591290,50241,22640,495 PDF p. 88
SubtotalSingapore dollars thousands 617,766582,151126,545123,730 PDF p. 88
Net Current Assets (Liabilities)Singapore dollars thousands 54831,244(111,088)(92,814) PDF p. 88
Non-current Liabilities
Bank and other loansSingapore dollars thousands 127,911167,70940,45259,849 PDF p. 88
Lease liabilitiesSingapore dollars thousands 15,58120,603957695 PDF p. 88
Deferred tax liabilitiesSingapore dollars thousands 14,94814,067124 PDF p. 88
SubtotalSingapore dollars thousands 158,440202,37941,42160,548 PDF p. 88
Net AssetsSingapore dollars thousands 452,354430,863301,018301,609 PDF p. 88
Group and Company financial position — FY2026 source
Issued capitalSingapore dollars thousands 286,307286,307286,307286,307 PDF p. 89
Treasury sharesSingapore dollars thousands (22,601)(22,601)(22,601)(22,601) PDF p. 89
ReservesSingapore dollars thousands 28,33614,00722,77323,276 PDF p. 89
Ordinary equitySingapore dollars thousands 292,042277,713286,479286,982 PDF p. 89
Perpetual bondsSingapore dollars thousands 14,53914,62714,53914,627 PDF p. 89
Equity attributable to equity holders of the CompanySingapore dollars thousands 306,581292,340301,018301,609 PDF p. 89 Label p. 89
Simple agreements for future equity (“SAFE”)Singapore dollars thousands 18,79318,793-- PDF p. 89
Share of net assets of subsidiariesSingapore dollars thousands 126,980119,730-- PDF p. 89
Non-controlling interestsSingapore dollars thousands 145,773138,523-- PDF p. 89
Total EquitySingapore dollars thousands 452,354430,863301,018301,609 PDF p. 89
Definitions & sources

Original report: PDF p. 88 ↗ PDF p. 89 ↗

Group changes in equity — FY2026, original FY2026 / columns1to7

11 metrics

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Group changes in equity — FY2026, original FY2026 / columns1to7 from Annual Report 2025-2026
Metric / unit 2026Group — Issued capital2026Group — Treasury shares2026Group — Capital reserve2026Group — Legal reserve2026Group — Capital reserve on consolidation2026Group — Exchange translation reserve2026Group — Fair value reserve Source
Group
Balance at 1 April 2025Singapore dollars thousands 286,307(22,601)(56,262)16,91927,175(140,606)(46,334) PDF p. 90
Total comprehensive
Profit for the financial yearSingapore dollars thousands ------- PDF p. 90
Other comprehensive income (loss) for the financial yearSingapore dollars thousands -----1,6732,633 PDF p. 90 Label p. 90
Total comprehensive income (loss) for the financial yearSingapore dollars thousands -----1,6732,633 PDF p. 90
Contributions by and
Accrued distribution for perpetual bondsSingapore dollars thousands ------- PDF p. 90
Distribution paid on perpetual bondsSingapore dollars thousands ------- PDF p. 90 Label p. 90
Dividends paid (Note 28)Singapore dollars thousands ------- PDF p. 90
Total transactions with ownersSingapore dollars thousands ------- PDF p. 90 Label p. 90
Gain of control of a subsidiary without change in ownership interest (Note 42)Singapore dollars thousands ------- PDF p. 90 Label p. 90
Transfer to reserveSingapore dollars thousands ---479--- PDF p. 90
Balance at 31 March 2026Singapore dollars thousands 286,307(22,601)(56,262)17,39827,175(138,933)(43,701) PDF p. 90
Definitions & sources

Original report: PDF p. 90 ↗

Group changes in equity — FY2026, original FY2026 / continued columns

11 metrics

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Group changes in equity — FY2026, original FY2026 / continued columns from Annual Report 2025-2026
Metric / unit 2026Group — Share-based payment reserve2026Group — Property revaluation reserve2026Group — Retained profits2026Group — Total ordinary equity2026Group — Perpetual bonds2026Group — Total equity attributable to holders of the Company2026Group — NCI — SAFE2026Group — NCI — Share of net assets of subsidiaries2026Group — Total non-controlling interests2026Group — Total equity Source
Group
Balance at 1 April 2025Singapore dollars thousands 1,46717,839193,809277,71314,627292,34018,793119,730138,523430,863 PDF p. 91 Label p. 90
Total comprehensive
Profit for the financial yearSingapore dollars thousands --28,43128,431-28,431-15,68515,68544,116 PDF p. 91 Label p. 90
Other comprehensive income (loss) for the financial yearSingapore dollars thousands -(1,597)872,796-2,796-(788)(788)2,008 PDF p. 91 Label p. 90
Total comprehensive income (loss) for the financial yearSingapore dollars thousands -(1,597)28,51831,227-31,227-14,89714,89746,124 PDF p. 91 Label p. 90
Contributions by and
Accrued distribution for perpetual bondsSingapore dollars thousands --(1,282)(1,282)1,282----- PDF p. 91 Label p. 90
Distribution paid on perpetual bondsSingapore dollars thousands ----(1,370)(1,370)---(1,370) PDF p. 91 Label p. 90
Dividends paid (Note 28)Singapore dollars thousands --(15,616)(15,616)-(15,616)-(18,664)(18,664)(34,280) PDF p. 91 Label p. 90
Total transactions with ownersSingapore dollars thousands --(16,898)(16,898)(88)(16,986)-(18,664)(18,664)(35,650) PDF p. 91 Label p. 90
Gain of control of a subsidiary without change in ownership interest (Note 42)Singapore dollars thousands -------11,01711,01711,017 PDF p. 91 Label p. 90
Transfer to reserveSingapore dollars thousands --(479)------- PDF p. 91 Label p. 90
Balance at 31 March 2026Singapore dollars thousands 1,46716,242204,950292,04214,539306,58118,793126,980145,773452,354 PDF p. 91 Label p. 90
Definitions & sources

Original report: PDF p. 91 ↗

Group changes in equity — FY2025, original FY2026 / columns1to7

12 metrics

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Group changes in equity — FY2025, original FY2026 / columns1to7 from Annual Report 2025-2026
Metric / unit 2025Group — Issued capital2025Group — Treasury shares2025Group — Capital reserve2025Group — Legal reserve2025Group — Capital reserve on consolidation2025Group — Exchange translation reserve2025Group — Fair value reserve Source
Group
Balance at 1 April 2024Singapore dollars thousands 286,307(20,978)(56,250)15,54027,175(133,812)1,409 PDF p. 92
Total comprehensive
Profit for the financial yearSingapore dollars thousands ------- PDF p. 92
Total comprehensive income for the financial
Other comprehensive (loss) income for the financial yearSingapore dollars thousands -----(6,794)(47,743) PDF p. 92
Total comprehensive (loss) income for the financial
Total comprehensive (loss) income for the financial yearSingapore dollars thousands -----(6,794)(47,743) PDF p. 92
Contributions by and
Issue of perpetual bonds, net of transaction costsSingapore dollars thousands ------- PDF p. 92
Accrued distribution for perpetual bondsSingapore dollars thousands ------- PDF p. 92 Label p. 92
Purchase of treasury shares (Note 28)Singapore dollars thousands -(1,623)----- PDF p. 92 Label p. 92
Dividends paid (Note 28)Singapore dollars thousands ------- PDF p. 92
De-registration of a subsidiarySingapore dollars thousands --(12)---- PDF p. 92
Total transactions with ownersSingapore dollars thousands -(1,623)(12)---- PDF p. 92 Label p. 92
Transfer to reserveSingapore dollars thousands ---1,379--- PDF p. 92
Balance at 31 March 2025Singapore dollars thousands 286,307(22,601)(56,262)16,91927,175(140,606)(46,334) PDF p. 92
Definitions & sources

Original report: PDF p. 92 ↗

Group changes in equity — FY2025, original FY2026 / continued columns

12 metrics

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Group changes in equity — FY2025, original FY2026 / continued columns from Annual Report 2025-2026
Metric / unit 2025Group — Share-based payment reserve2025Group — Property revaluation reserve2025Group — Retained profits2025Group — Total ordinary equity2025Group — Perpetual bonds2025Group — Total equity attributable to holders of the Company2025Group — NCI — SAFE2025Group — NCI — Share of net assets of subsidiaries2025Group — Total non-controlling interests2025Group — Total equity Source
Group
Balance at 1 April 2024Singapore dollars thousands 1,467955183,533305,346-305,34618,79398,719117,512422,858 PDF p. 93 Label p. 92
Total comprehensive
Profit for the financial yearSingapore dollars thousands --24,32624,326-24,326-15,77215,77240,098 PDF p. 93 Label p. 92
Total comprehensive income for the financial
Other comprehensive (loss) income for the financial yearSingapore dollars thousands -16,88428(37,625)-(37,625)-5,2395,239(32,386) PDF p. 93 Label p. 92
Total comprehensive (loss) income for the financial
Total comprehensive (loss) income for the financial yearSingapore dollars thousands -16,88424,354(13,299)-(13,299)-21,01121,0117,712 PDF p. 93 Label p. 92
Contributions by and
Issue of perpetual bonds, net of transaction costsSingapore dollars thousands ----14,01214,012---14,012 PDF p. 93 Label p. 92
Accrued distribution for perpetual bondsSingapore dollars thousands --(615)(615)615----- PDF p. 93 Label p. 92
Purchase of treasury shares (Note 28)Singapore dollars thousands ---(1,623)-(1,623)---(1,623) PDF p. 93 Label p. 92
Dividends paid (Note 28)Singapore dollars thousands --(12,096)(12,096)-(12,096)---(12,096) PDF p. 93 Label p. 92
De-registration of a subsidiarySingapore dollars thousands --12------- PDF p. 93 Label p. 92
Total transactions with ownersSingapore dollars thousands --(12,699)(14,334)14,627293---293 PDF p. 93 Label p. 92
Transfer to reserveSingapore dollars thousands --(1,379)------- PDF p. 93 Label p. 92
Balance at 31 March 2025Singapore dollars thousands 1,46717,839193,809277,71314,627292,34018,793119,730138,523430,863 PDF p. 93 Label p. 92
Definitions & sources

Original report: PDF p. 93 ↗

Company changes in equity — FY2026 source / ending2026

7 metrics

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Company changes in equity — FY2026 source / ending2026 from Annual Report 2025-2026
Metric / unit 2026Company — Issued capital2026Company — Treasury shares2026Company — Capital reserve2026Company — Fair value reserve2026Company — Retained profits2026Company — Total ordinary equity2026Company — Perpetual bonds2026Company — Total equity Source
Company
Balance at 1 April 2025Singapore dollars thousands 286,307(22,601)614(46,238)68,900286,98214,627301,609 PDF p. 94
Total comprehensive
Profit for the financial yearSingapore dollars thousands ----16,39516,395-16,395 PDF p. 94
Total comprehensive income for the financial
Total comprehensive income for the financial yearSingapore dollars thousands ----16,39516,395-16,395 PDF p. 94
equity
Accrued distribution for perpetual bondsSingapore dollars thousands ----(1,282)(1,282)1,282- PDF p. 94 Label p. 94
Distribution paid on perpetual bondsSingapore dollars thousands ------(1,370)(1,370) PDF p. 94 Label p. 94
Dividends paid (Note 28)Singapore dollars thousands ----(15,616)(15,616)-(15,616) PDF p. 94
Balance at 31 March 2026Singapore dollars thousands 286,307(22,601)614(46,238)68,397286,47914,539301,018 PDF p. 94
Definitions & sources

Original report: PDF p. 94 ↗

Company changes in equity — FY2026 source / ending2025

9 metrics

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Company changes in equity — FY2026 source / ending2025 from Annual Report 2025-2026
Metric / unit 2025Company — Issued capital2025Company — Treasury shares2025Company — Capital reserve2025Company — Fair value reserve2025Company — Retained profits2025Company — Total ordinary equity2025Company — Perpetual bonds2025Company — Total equity Source
equity
Balance at 1 April 2024Singapore dollars thousands 286,307(20,978)614-76,524342,467-342,467 PDF p. 94
Total comprehensive
Profit for the financial yearSingapore dollars thousands ----5,0875,087-5,087 PDF p. 94
Other comprehensive loss for the financial yearSingapore dollars thousands ---(46,238)-(46,238)-(46,238) PDF p. 94 Label p. 94
Total comprehensive (loss) income for the financial
Total comprehensive (loss) income for the financial yearSingapore dollars thousands ---(46,238)5,087(41,151)-(41,151) PDF p. 94
equity
Issue of perpetual bonds, net of transaction costsSingapore dollars thousands ------14,01214,012 PDF p. 94 Label p. 94
Accrued distribution for perpetual bondsSingapore dollars thousands ----(615)(615)615- PDF p. 94 Label p. 94
Purchase of treasury shares (Note 28)Singapore dollars thousands -(1,623)---(1,623)-(1,623) PDF p. 94 Label p. 94
Dividends paid (Note 28)Singapore dollars thousands ----(12,096)(12,096)-(12,096) PDF p. 94
Balance at 31 March 2025Singapore dollars thousands 286,307(22,601)614(46,238)68,900286,98214,627301,609 PDF p. 94
Definitions & sources

Original report: PDF p. 94 ↗

Group cash flows — FY2026 source

58 metrics

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Group cash flows — FY2026 source from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Operating activities
Profit before taxationSingapore dollars thousands 61,89452,511 PDF p. 96
Adjustments for:
Share of results of associatesSingapore dollars thousands (19,166)(13,462) PDF p. 96
Depreciation of property, plant and equipmentSingapore dollars thousands 31,25331,206 PDF p. 96
Depreciation of right-of-use assetsSingapore dollars thousands 10,95610,913 PDF p. 96
Amortisation of intangible assetsSingapore dollars thousands 503351 PDF p. 96
Finance costsSingapore dollars thousands 23,43128,915 PDF p. 96
Interest incomeSingapore dollars thousands (1,605)(1,999) PDF p. 96
Write-off and gain on disposal of property, plant and equipment, netSingapore dollars thousands 1,0903,800 PDF p. 96
Allowance for impairment loss on property, plant and equipmentSingapore dollars thousands -650 PDF p. 96
Allowance for (Write-back of) inventory obsolescence and write-off of inventory, netSingapore dollars thousands 2,135(1,331) PDF p. 96
Allowance for expected credit losses, netSingapore dollars thousands 1,2071,181 PDF p. 96
Fair value loss on short-term investments - unquoted / quoted equity sharesSingapore dollars thousands 32183 PDF p. 96
Fair value gain on short-term investments - structured depositsSingapore dollars thousands (91)- PDF p. 96
Fair value gain on remeasurement of previously held equity interests in an associate (Note 42)Singapore dollars thousands (6,333)- PDF p. 96 Label p. 96
Fair value (gain) loss on investment propertiesSingapore dollars thousands (1,784)56 PDF p. 96
Fair value loss (gain) on financial assets at fair value through profit or lossSingapore dollars thousands 1,647(3,638) PDF p. 96
Gain from de-registration of interest in an associateSingapore dollars thousands -(18) PDF p. 96
Gain from de-registration of subsidiaries, netSingapore dollars thousands (638)(1,991) PDF p. 96
Dividend income from financial assets at fair value through other comprehensive incomeSingapore dollars thousands -(52) PDF p. 96
Write-off of other payablesSingapore dollars thousands -(189) PDF p. 96
Unrealised fair value loss on derivative financial instrumentsSingapore dollars thousands 10- PDF p. 96
Gain on lease early terminationSingapore dollars thousands -(24) PDF p. 96
Unrealised exchange gainSingapore dollars thousands (795)(1,412) PDF p. 96
Operating cash flows before movements in working capitalSingapore dollars thousands 103,746105,650 PDF p. 96
InventoriesSingapore dollars thousands 24,704(16,477) PDF p. 96
Receivables and prepayments, and contract costsSingapore dollars thousands (24,666)10,451 PDF p. 96
Trade and other payables, and contract liabilitiesSingapore dollars thousands 15,1059,143 PDF p. 96
Cash generated from operationsSingapore dollars thousands 118,889108,767 PDF p. 96
Income tax paidSingapore dollars thousands (15,266)(7,446) PDF p. 96
Finance costs paidSingapore dollars thousands (24,418)(29,844) PDF p. 96
Interest receivedSingapore dollars thousands 1,3091,502 PDF p. 96
Net cash generated from operating activitiesSingapore dollars thousands 80,51472,979 PDF p. 96
Investing activities
Purchase of property, plant and equipment (Note a)Singapore dollars thousands (17,261)(32,038) PDF p. 97
Deposits paid for purchase of property, plant and equipmentSingapore dollars thousands (1,356)(84) PDF p. 97
Dividends received from associatesSingapore dollars thousands 4,9118,907 PDF p. 97
Proceeds from disposal of property, plant and equipment, net of transaction costsSingapore dollars thousands 1,713190 PDF p. 97
Additional investment / Investment in an associateSingapore dollars thousands (2,396)(6,088) PDF p. 97
Net cash inflow from gain of control of a subsidiary (Note 42)Singapore dollars thousands 808- PDF p. 97
Placements of structured depositsSingapore dollars thousands (28,770)(2,579) PDF p. 97
Redemptions of structured depositsSingapore dollars thousands 10,103- PDF p. 97
Investment in financial assets at fair value through profit or lossSingapore dollars thousands -(82) PDF p. 97
Dividend income from financial assets at fair value through other comprehensive incomeSingapore dollars thousands -52 PDF p. 97
Capitalisation of development costsSingapore dollars thousands (2,362)- PDF p. 97
Net cash used in investing activitiesSingapore dollars thousands (34,610)(31,722) PDF p. 97
Financing activities
Drawdown of bank and other loansSingapore dollars thousands 92,93075,353 PDF p. 97
Repayment of bank and other loansSingapore dollars thousands (99,403)(105,098) PDF p. 97
Payment of lease liabilitiesSingapore dollars thousands (10,918)(10,652) PDF p. 97
Dividends paidSingapore dollars thousands (15,616)(12,096) PDF p. 97
Dividends paid to non-controlling interestsSingapore dollars thousands (18,664)- PDF p. 97
Proceeds from issue of perpetual bonds, net of transaction costsSingapore dollars thousands -14,172 PDF p. 97
Distribution paid on perpetual bondsSingapore dollars thousands (1,370)- PDF p. 97
Purchase of treasury sharesSingapore dollars thousands -(1,623) PDF p. 97
Non-trade receipt from related partiesSingapore dollars thousands 8,1241,893 PDF p. 97
Net cash used in financing activitiesSingapore dollars thousands (44,917)(38,051) PDF p. 97
Net increase in cash and cash equivalentsSingapore dollars thousands 9873,206 PDF p. 97
Cash and cash equivalents at beginning of the financial yearSingapore dollars thousands 185,511187,102 PDF p. 97
Effects of exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands (1,740)(4,797) PDF p. 97
Cash and cash equivalents at end of the financial year, representing bank balances, deposits and cash (Note 21)Singapore dollars thousands 184,758185,511 PDF p. 97 Label p. 97
Definitions & sources

Original report: PDF p. 96 ↗ PDF p. 97 ↗

Five-year financial summary — income

6 metrics

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Five-year financial summary — income from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group2023Group2022Group — restated Source
Five-year financial summary
Revenue - Continuing operationsSingapore dollars thousands 1,094,4701,104,7001,108,1311,150,0461,222,749 PDF p. 169
Profit (Loss) after taxation - Continuing operationsSingapore dollars thousands 44,11640,098(47,034)27,43749,178 PDF p. 169 Label p. 169
- Discontinued operationsSingapore dollars thousands ----(3,050) PDF p. 169
SubtotalSingapore dollars thousands 44,11640,098(47,034)27,43746,128 PDF p. 169
Non-controlling interestsSingapore dollars thousands (15,685)(15,772)(11,712)(5,393)(6,112) PDF p. 169
Profit (Loss) attributable to equity holdersSingapore dollars thousands 28,43124,326(58,746)22,04440,016 PDF p. 169
Definitions & sources

Original report: PDF p. 169 ↗

The FY2022 column is marked Restated. Original FY2022 primary statements are retained separately with their original figures.

Five-year financial summary — position

20 metrics

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Five-year financial summary — position from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group2023Group2022Group — restated Source
Five-year financial summary
Investment propertiesSingapore dollars thousands 74,67272,096--- PDF p. 169
Property, plant and equipmentSingapore dollars thousands 314,779311,027361,620392,085411,572 PDF p. 169
Right-of-use assetsSingapore dollars thousands 22,25029,07436,18543,80247,749 PDF p. 169
Interest in associatesSingapore dollars thousands 163,762164,333155,254268,581355,145 PDF p. 169
Financial assets at fair value through other comprehensive incomeSingapore dollars thousands 3,8471,28449,0374,1916,739 PDF p. 169 Label p. 169
Financial assets at fair value through profit or lossSingapore dollars thousands 6,0307,6773,957-- PDF p. 169
Deposits and prepaymentsSingapore dollars thousands 3,2543,1983,1983,3334,286 PDF p. 169
Non-current receivablesSingapore dollars thousands ----3,226 PDF p. 169
Contract costsSingapore dollars thousands 524---- PDF p. 169
Deferred tax assetsSingapore dollars thousands 3,3353,6194,9325,8295,937 PDF p. 169
Intangible assetsSingapore dollars thousands 17,7939,69010,05810,38710,696 PDF p. 169
Current assetsSingapore dollars thousands 618,314613,395612,701643,798737,769 PDF p. 169
Total assetsSingapore dollars thousands 1,228,5601,215,3931,236,9421,372,0061,583,119 PDF p. 169
Non-current liabilitiesSingapore dollars thousands 158,440202,379229,560183,228152,310 PDF p. 169
Current liabilitiesSingapore dollars thousands 617,766582,151584,524660,972806,948 PDF p. 169
Total liabilitiesSingapore dollars thousands 776,206784,530814,084844,200959,258 PDF p. 169
Net assetsSingapore dollars thousands 452,354430,863422,858527,806623,861 PDF p. 169
Shareholders’ fundsSingapore dollars thousands 306,581292,340305,346416,136523,813 PDF p. 169
Non-controlling interestsSingapore dollars thousands 145,773138,523117,512111,670100,048 PDF p. 169
Total equitySingapore dollars thousands 452,354430,863422,858527,806623,861 PDF p. 169
Definitions & sources

Original report: PDF p. 169 ↗

The FY2022 column is marked Restated. Original FY2022 primary statements are retained separately with their original figures.

Current highlights — SGD million

7 metrics

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Current highlights — SGD million from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Original financial highlights / dividend calendar
RevenueSingapore dollars million 1,094.51,104.7 PDF p. 6
Profit after taxationSingapore dollars million 44.140.1 PDF p. 6
Non-controlling interestsSingapore dollars million (15.7)(15.8) PDF p. 6
Profit attributable to equity holdersSingapore dollars million 28.424.3 PDF p. 6
Shareholders’ fundsSingapore dollars million 306.6292.3 PDF p. 6
Total equitySingapore dollars million 452.4430.9 PDF p. 6
Total assetsSingapore dollars million 1,228.61,215.4 PDF p. 6
Definitions & sources

Original report: PDF p. 6 ↗

Amounts and ratios follow the original headings. Employee and floor-area counts are approximate; no thousand-share or monetary scale is applied.

Current highlights — Singapore cents

2 metrics

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Current highlights — Singapore cents from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Original financial highlights / dividend calendar
Basic earnings per share (cents)Singapore cents per share 5.654.90 PDF p. 6
Tax-exempt (1-tier) dividend per share (cents)Singapore cents per share 3.53.0 PDF p. 6
Definitions & sources

Original report: PDF p. 6 ↗

Amounts and ratios follow the original headings. Employee and floor-area counts are approximate; no thousand-share or monetary scale is applied.

Current highlights — ratios

2 metrics

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Current highlights — ratios from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Original financial highlights / dividend calendar
Current assets : Current liabilities (times)times 1.001.05 PDF p. 6
Net bank borrowings : Total equity (times)times 0.570.63 PDF p. 6
Definitions & sources

Original report: PDF p. 6 ↗

Amounts and ratios follow the original headings. Employee and floor-area counts are approximate; no thousand-share or monetary scale is applied.

Current highlights — inventory months

1 metrics

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Current highlights — inventory months from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Original financial highlights / dividend calendar
Inventory turnover period (months)months 2.583.08 PDF p. 6
Definitions & sources

Original report: PDF p. 6 ↗

Amounts and ratios follow the original headings. Employee and floor-area counts are approximate; no thousand-share or monetary scale is applied.

Current highlights — employees

1 metrics

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Current highlights — employees from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Original financial highlights / dividend calendar
Number of employees (approx)persons 5,6005,350 PDF p. 6
Definitions & sources

Original report: PDF p. 6 ↗

Amounts and ratios follow the original headings. Employee and floor-area counts are approximate; no thousand-share or monetary scale is applied.

Current highlights — floor area

1 metrics

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Current highlights — floor area from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Original financial highlights / dividend calendar
Total floor area (sq m) (approx)square metres 618,400590,500 PDF p. 6
Definitions & sources

Original report: PDF p. 6 ↗

Amounts and ratios follow the original headings. Employee and floor-area counts are approximate; no thousand-share or monetary scale is applied.

FY2026 Interim Dividend

1 metrics

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FY2026 Interim Dividend from Annual Report 2025-2026
Metric / unit 2026Group Source
FY2026 dividend calendar
Interim DividendSingapore cents per share 1.75 PDF p. 2
Definitions & sources

Original report: PDF p. 2 ↗

Interim payment17December2025. Proposed final payment21August2026 remains subject to shareholder approval at the27July2026AGM, as the report states. This is not a confirmation of payment.

FY2026 Proposed Final Dividend

1 metrics

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FY2026 Proposed Final Dividend from Annual Report 2025-2026
Metric / unit 2026Group Source
FY2026 dividend calendar
Proposed Final DividendSingapore cents per share 1.75 PDF p. 2
Definitions & sources

Original report: PDF p. 2 ↗

Interim payment17December2025. Proposed final payment21August2026 remains subject to shareholder approval at the27July2026AGM, as the report states. This is not a confirmation of payment.

Chart — Revenue from continuing operations — SGD

1 metrics

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Chart — Revenue from continuing operations — SGD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group2023Group2022Group — restated FY2022 Source
Five-year chart series
Revenue - continuing operationsSGD million 1,094.51,104.71,108.11,150.01,222.7 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Revenue from continuing operations — USD

1 metrics

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Chart — Revenue from continuing operations — USD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group2023Group2022Group — restated FY2022 Source
Five-year chart series
Revenue - continuing operationsUSD million 847.9825.3824.4839.5907.0 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Profit attributable to equity holders — SGD

1 metrics

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Chart — Profit attributable to equity holders — SGD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group — excluding attributable loss/impairment of XIC2023Group2022Group — restated FY2022 Source
Five-year chart series
Profit attributable to equity holdersSGD million 28.424.317.622.040.0 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Profit attributable to equity holders — USD

1 metrics

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Chart — Profit attributable to equity holders — USD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group — excluding attributable loss/impairment of XIC2023Group2022Group — restated FY2022 Source
Five-year chart series
Profit attributable to equity holdersUSD million 22.018.213.116.129.7 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Total assets — SGD

1 metrics

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Chart — Total assets — SGD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group2023Group2022Group — restated FY2022 Source
Five-year chart series
Total assetsSGD million 1,228.61,215.41,236.91,372.01,583.1 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Total assets — USD

1 metrics

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Chart — Total assets — USD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group2023Group2022Group — restated FY2022 Source
Five-year chart series
Total assetsUSD million 952.2906.3915.81,033.21,170.2 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Earnings per share — SGD

1 metrics

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Chart — Earnings per share — SGD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group — excluding attributable loss/impairment of XIC2023Group2022Group — restated FY2022 Source
Five-year chart series
Earnings per shareSGD cents per share 5.654.903.644.568.27 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Earnings per share — USD

1 metrics

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Chart — Earnings per share — USD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group — excluding attributable loss/impairment of XIC2023Group2022Group — restated FY2022 Source
Five-year chart series
Earnings per shareUSD cents per share 4.383.662.713.336.13 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Dividends per share — SGD

1 metrics

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Chart — Dividends per share — SGD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group2023Group2022Group — restated FY2022 Source
Five-year chart series
Dividends per shareSGD cents per share 3.503.002.002.53.25 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Dividends per share — USD

1 metrics

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Chart — Dividends per share — USD from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group2023Group2022Group — restated FY2022 Source
Five-year chart series
Dividends per shareUSD cents per share 2.712.241.491.832.41 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Chart — Payout ratio

1 metrics

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Chart — Payout ratio from Annual Report 2025-2026
Metric / unit 2026Group2025Group2024Group2023Group2022Group — restated FY2022 Source
Five-year chart series
Payout ratio% 61.961.254.954.839.3 PDF p. 170
Definitions & sources

Original report: PDF p. 170 ↗

Chart amounts have separate SGD/USD axes. FY2024 profit and EPS exclude attributable loss, including impairment, of XIC Innovation Limited. FY2022 is marked Restated. Current USD translations use the printed exchange rates; no historical rate is inferred.

Bank and other loans by security/current/noncurrent — FY2026

9 metrics

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Bank and other loans by security/current/noncurrent — FY2026 from Annual Report 2025-2026
Metric / unit 2026Group2025Group2026Company2025Company Source
Current liabilities
Secured Current portion of motor vehicle loanSingapore dollars thousands 30283028 PDF p. 132 Label p. 132
Unsecured Current portion of long-term bank loans (Note a)Singapore dollars thousands 158,57470,26719,3669,567 PDF p. 132 Label p. 132
Short-term bank loansSingapore dollars thousands 112,352179,06021,83030,900 PDF p. 132
Import and export loansSingapore dollars thousands 45,63541,147-- PDF p. 132
SubtotalSingapore dollars thousands 316,591290,50241,22640,495 PDF p. 132
Non-current liabilities
Secured Motor vehicle loanSingapore dollars thousands 8311383113 PDF p. 132 Label p. 132
Unsecured Long-term bank loans due after one year (Note a)Singapore dollars thousands 127,828167,59640,36959,736 PDF p. 132 Label p. 132
SubtotalSingapore dollars thousands 127,911167,70940,45259,849 PDF p. 132
SubtotalSingapore dollars thousands 444,502458,21181,678100,344 PDF p. 132
Definitions & sources

Original report: PDF p. 132 ↗

Bank/other loans are separate from lease liabilities, perpetual bonds and SAFE. Net-bank-borrowing ratio subtracts bank cash and uses total equity. Contract covenants and transaction-cost deductions remain in the original quote.

Original EPS income inputs — FY2026

3 metrics

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Original EPS income inputs — FY2026 from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Original EPS calculation
Profit attributable to equity holders of the CompanySingapore dollars thousands 28,43124,326 PDF p. 114
Less: Accrued distribution for perpetual bondsSingapore dollars thousands (1,282)(615) PDF p. 114
Profit attributable to ordinary shareholders of the CompanySingapore dollars thousands 27,14923,711 PDF p. 114
Definitions & sources

Original report: PDF p. 114 ↗

Original EPS full ordinary-share count — FY2026

1 metrics

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Original EPS full ordinary-share count — FY2026 from Annual Report 2025-2026
Metric / unit 2026Group2025Group Source
Original EPS calculation
Weighted average number of ordinary shares used in calculating basic and diluted earnings per shareordinary shares 480,499,782483,595,729 PDF p. 114
Definitions & sources

Original report: PDF p. 114 ↗

These are full ordinary-share counts, not thousands. The report says there were no dilutive potential ordinary shares. FY2026/2025 EPS deducts accrued perpetual bond distributions before dividing by ordinary shares.

Group income — FY2024 source

19 metrics

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Group income — FY2024 source from Annual Report 2025-2026
Metric / unit 2024Group2023Group Source
Group income — FY2024 source
RevenueSingapore dollars thousands 1,108,1311,150,046 PDF p. 40
Cost of salesSingapore dollars thousands (791,951)(844,054) PDF p. 40
Gross profitSingapore dollars thousands 316,180305,992 PDF p. 40
Other operating incomeSingapore dollars thousands 26,73745,939 PDF p. 40
Distribution costsSingapore dollars thousands (145,140)(145,287) PDF p. 40
Administrative expensesSingapore dollars thousands (131,486)(144,166) PDF p. 40
Write-back of (Allowance for) expected credit losses, netSingapore dollars thousands 444(6,978) PDF p. 40
Other operating expensesSingapore dollars thousands (11,872)(20,450) PDF p. 40
Profit before finance costs and share of results of associatesSingapore dollars thousands 54,86335,050 PDF p. 40
Finance costsSingapore dollars thousands (34,282)(29,264) PDF p. 40
Share of results of XIC Innovation Limited (“XIC”)Singapore dollars thousands (76,350)3,629 PDF p. 40
Share of results of associates, excluding XICSingapore dollars thousands 16,98120,499 PDF p. 40
(Loss) Profit before taxationSingapore dollars thousands (38,788)29,914 PDF p. 40
Income tax expenseSingapore dollars thousands (8,246)(2,477) PDF p. 40
(Loss) Profit for the financial yearSingapore dollars thousands (47,034)27,437 PDF p. 40
Equity holders of the CompanySingapore dollars thousands (58,746)22,044 PDF p. 40
Non-controlling interestsSingapore dollars thousands 11,7125,393 PDF p. 40
SubtotalSingapore dollars thousands (47,034)27,437 PDF p. 40
(Loss) Earnings per share (Singapore cents):
Basic and dilutedcents per share (12.14)4.56 PDF p. 40
Definitions & sources

Original report: PDF p. 40 ↗

Group comprehensive income — FY2024 source

13 metrics

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Group comprehensive income — FY2024 source from Annual Report 2025-2026
Metric / unit 2024Group2023Group Source
Group comprehensive income — FY2024 source
(Loss) Profit for the financial yearSingapore dollars thousands (47,034)27,437 PDF p. 41
Items that will not be reclassified subsequently to profit or loss:
Fair value loss on financial assets at fair value through other comprehensive incomeSingapore dollars thousands (184)(2,487) PDF p. 41
Share of other comprehensive (loss) income of associates - Defined benefit plan remeasurementsSingapore dollars thousands (4)40 PDF p. 41 Label p. 41
Items that are or may be reclassified subsequently to profit or loss:
Foreign exchange translation - Exchange translation deficitSingapore dollars thousands (9,489)(41,644) PDF p. 41 Label p. 41
- Exchange translation deficit, reclassified to profit or loss upon de-registration / disposal of subsidiariesSingapore dollars thousands -3,838 PDF p. 41 Label p. 41
Exchange translation deficit reclassified to profit or loss of interest in subsidiaries and associate upon distribution in specieSingapore dollars thousands 8,269- PDF p. 41 Label p. 41
Share of other comprehensive income (loss) of associates - Exchange translation deficit, reclassified to profit or loss upon deemed disposal, disposal and / derecognition of interest in associatesSingapore dollars thousands 1293,875 PDF p. 41 Label p. 41
- Exchange translation deficitSingapore dollars thousands (6,314)(13,861) PDF p. 41
Other comprehensive loss for the financial year, net of taxSingapore dollars thousands (7,593)(50,239) PDF p. 41
Total comprehensive loss for the financial yearSingapore dollars thousands (54,627)(22,802) PDF p. 41
Equity holders of the CompanySingapore dollars thousands (64,711)(19,106) PDF p. 41
Non-controlling interestsSingapore dollars thousands 10,084(3,696) PDF p. 41
SubtotalSingapore dollars thousands (54,627)(22,802) PDF p. 41
Definitions & sources

Original report: PDF p. 41 ↗

Group and Company financial position — FY2024 source

38 metrics

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Group and Company financial position — FY2024 source from Annual Report 2025-2026
Metric / unit 2024Group2023Group2024Company2023Company Source
Non-current Assets
Property, plant and equipmentSingapore dollars thousands 361,620392,085747611 PDF p. 42
Right-of-use assetsSingapore dollars thousands 36,18543,8022,0652,795 PDF p. 42
Interest in subsidiariesSingapore dollars thousands --428,681422,708 PDF p. 42
Interest in associatesSingapore dollars thousands 155,254268,58116,58631,943 PDF p. 42
Financial assets at fair value through other comprehensive incomeSingapore dollars thousands 49,0374,19146,238- PDF p. 42 Label p. 42
Financial assets at fair value through profit or lossSingapore dollars thousands 3,957-3,957- PDF p. 42
Deferred tax assetsSingapore dollars thousands 4,9325,829-- PDF p. 42
Deposits and prepaymentsSingapore dollars thousands 3,1983,333-- PDF p. 42
Intangible assetsSingapore dollars thousands 10,05810,387-- PDF p. 42
SubtotalSingapore dollars thousands 624,241728,208498,274458,057 PDF p. 42
Current Assets
InventoriesSingapore dollars thousands 180,454208,484-- PDF p. 42
Receivables and prepaymentsSingapore dollars thousands 239,239215,4508,48429,439 PDF p. 42
Dividend receivableSingapore dollars thousands 2,6004,3826,6666,554 PDF p. 42
Taxation recoverableSingapore dollars thousands 3,0875,807-- PDF p. 42
40 Short-term investmentsSingapore dollars thousands 219162-- PDF p. 42
Bank balances, deposits and cashSingapore dollars thousands 187,102209,51314,52130,220 PDF p. 42
SubtotalSingapore dollars thousands 612,701643,79829,67166,213 PDF p. 42
Total AssetsSingapore dollars thousands 1,236,9421,372,006527,945524,270 PDF p. 42
Current Liabilities
Trade and other payablesSingapore dollars thousands 262,903264,44091,00619,907 PDF p. 42
Contract liabilitiesSingapore dollars thousands 14,96114,911-- PDF p. 42
Lease liabilitiesSingapore dollars thousands 10,4109,767615527 PDF p. 42
Income tax payableSingapore dollars thousands 1,7318,65429257 PDF p. 42
Bank and other loansSingapore dollars thousands 294,519363,20060,335114,914 PDF p. 42
SubtotalSingapore dollars thousands 584,524660,972151,985135,605 PDF p. 42
Net Current Assets (Liabilities)Singapore dollars thousands 28,177(17,174)(122,314)(69,392) PDF p. 42
Non-current Liabilities
Bank and other loansSingapore dollars thousands 196,252138,65932,28057,137 PDF p. 42
Lease liabilitiesSingapore dollars thousands 26,47238,3791,2061,978 PDF p. 42
Deferred tax liabilitiesSingapore dollars thousands 6,8366,1907- PDF p. 42
SubtotalSingapore dollars thousands 229,560183,22833,49359,115 PDF p. 42
Net AssetsSingapore dollars thousands 422,858527,806342,467329,550 PDF p. 42
Group and Company financial position — FY2024 source
Issued capitalSingapore dollars thousands 286,307286,307286,307286,307 PDF p. 43
Treasury sharesSingapore dollars thousands (20,978)(20,978)(20,978)(20,978) PDF p. 43
ReservesSingapore dollars thousands 40,017150,80777,13864,221 PDF p. 43
Equity attributable to equity holders of the CompanySingapore dollars thousands 305,346416,136342,467329,550 PDF p. 43 Label p. 43
Simple agreements for future equity (“SAFE”)Singapore dollars thousands 18,79318,793-- PDF p. 43
Share of net assets of subsidiariesSingapore dollars thousands 98,71992,877-- PDF p. 43
Non-controlling interestsSingapore dollars thousands 117,512111,670-- PDF p. 43
Total EquitySingapore dollars thousands 422,858527,806342,467329,550 PDF p. 43
Definitions & sources

Original report: PDF p. 42 ↗ PDF p. 43 ↗

Group changes in equity — FY2024, original FY2024 / columns1to6

13 metrics

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Group changes in equity — FY2024, original FY2024 / columns1to6 from Annual Report 2025-2026
Metric / unit 2024Group — Issued capital2024Group — Treasury shares2024Group — Capital reserve2024Group — Legal reserve2024Group — Capital reserve on consolidation2024Group — Exchange translation reserve Source
Group
Balance at 1 April 2023Singapore dollars thousands 286,307(20,978)(55,801)18,35429,602(128,035) PDF p. 44
Total comprehensive income (loss)
(Loss) Profit for the financial yearSingapore dollars thousands ------ PDF p. 44
Other comprehensive loss for the financial yearSingapore dollars thousands -----(5,777) PDF p. 44 Label p. 44
Total comprehensive (loss) income
Total comprehensive (loss) income for the financial yearSingapore dollars thousands -----(5,777) PDF p. 44
Share of change in net assets of associates other than other comprehensive incomeSingapore dollars thousands --17--- PDF p. 44 Label p. 44
Dividends paid (Notes 12 and 26)Singapore dollars thousands ------ PDF p. 44
Distribution in specie (Note 26)Singapore dollars thousands ------ PDF p. 44
Unclaimed compulsory acquisition money relating to privatisation of a subsidiarySingapore dollars thousands ----113- PDF p. 44 Label p. 44
Acquisition of additional interest in subsidiariesSingapore dollars thousands ----(2,540)- PDF p. 44
Total transactions with ownersSingapore dollars thousands ----(2,427)- PDF p. 44
Transfer to reserveSingapore dollars thousands ---160-- PDF p. 44
Transfer from reserves upon distribution in specie (Note 39)Singapore dollars thousands --(466)(2,974)-- PDF p. 44 Label p. 44
Balance at 31 March 2024Singapore dollars thousands 286,307(20,978)(56,250)15,54027,175(133,812) PDF p. 44
Definitions & sources

Original report: PDF p. 44 ↗

Group changes in equity — FY2024, original FY2024 / continued columns

13 metrics

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Group changes in equity — FY2024, original FY2024 / continued columns from Annual Report 2025-2026
Metric / unit 2024Group — Fair value reserve2024Group — Share-based payment reserve2024Group — Property revaluation reserve2024Group — Retained profits2024Group — Equity attributable to holders of the Company2024Group — NCI — SAFE2024Group — NCI — Share of net assets of subsidiaries2024Group — Total non-controlling interests2024Group — Total equity Source
Group
Balance at 1 April 2023Singapore dollars thousands 8021,467955283,463416,13618,79392,877111,670527,806 PDF p. 45 Label p. 44
Total comprehensive income (loss)
(Loss) Profit for the financial yearSingapore dollars thousands ---(58,746)(58,746)-11,71211,712(47,034) PDF p. 45 Label p. 44
Other comprehensive loss for the financial yearSingapore dollars thousands (184)--(4)(5,965)-(1,628)(1,628)(7,593) PDF p. 45 Label p. 44
Total comprehensive (loss) income
Total comprehensive (loss) income for the financial yearSingapore dollars thousands (184)--(58,750)(64,711)-10,08410,084(54,627) PDF p. 45 Label p. 44
Share of change in net assets of associates other than other comprehensive incomeSingapore dollars thousands ---85102---102 PDF p. 45 Label p. 44
Dividends paid (Notes 12 and 26)Singapore dollars thousands ---(12,096)(12,096)-(6,476)(6,476)(18,572) PDF p. 45 Label p. 44
Distribution in specie (Note 26)Singapore dollars thousands ---(31,658)(31,658)---(31,658) PDF p. 45 Label p. 44
Unclaimed compulsory acquisition money relating to privatisation of a subsidiarySingapore dollars thousands ----113---113 PDF p. 45 Label p. 44
Acquisition of additional interest in subsidiariesSingapore dollars thousands ----(2,540)-2,2342,234(306) PDF p. 45 Label p. 44
Total transactions with ownersSingapore dollars thousands ---(43,754)(46,181)-(4,242)(4,242)(50,423) PDF p. 45 Label p. 44
Transfer to reserveSingapore dollars thousands ---(160)----- PDF p. 45 Label p. 44
Transfer from reserves upon distribution in specie (Note 39)Singapore dollars thousands 791--2,649----- PDF p. 45 Label p. 44
Balance at 31 March 2024Singapore dollars thousands 1,4091,467955183,533305,34618,79398,719117,512422,858 PDF p. 45 Label p. 44
Definitions & sources

Original report: PDF p. 45 ↗

Group changes in equity — FY2023, original FY2024 / columns1to6

12 metrics

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Group changes in equity — FY2023, original FY2024 / columns1to6 from Annual Report 2025-2026
Metric / unit 2023Group — Issued capital2023Group — Treasury shares2023Group — Capital reserve2023Group — Legal reserve2023Group — Capital reserve on consolidation2023Group — Exchange translation reserve Source
Group
Balance at 1 April 2022Singapore dollars thousands 286,307(20,978)18,17116,76129,602(89,332) PDF p. 46
Total comprehensive income (loss)
Profit for the financial yearSingapore dollars thousands ------ PDF p. 46
Other comprehensive (loss) income for the financial yearSingapore dollars thousands -----(38,703) PDF p. 46 Label p. 46
Total comprehensive (loss) income
Total comprehensive (loss) income for the financial yearSingapore dollars thousands -----(38,703) PDF p. 46
Share of change in net assets of associates other than other comprehensive incomeSingapore dollars thousands --(74,056)--- PDF p. 46 Label p. 46
Capital contribution by non-controlling interestsSingapore dollars thousands ------ PDF p. 46
Issue of SAFE by a subsidiarySingapore dollars thousands ------ PDF p. 46
Dividends paid (Notes 12 and 26)Singapore dollars thousands ------ PDF p. 46
Disposal of a subsidiarySingapore dollars thousands --84(634)-- PDF p. 46
Total transactions with ownersSingapore dollars thousands --84(634)-- PDF p. 46
Transfer to reserveSingapore dollars thousands ---2,227-- PDF p. 46
Balance at 31 March 2023Singapore dollars thousands 286,307(20,978)(55,801)18,35429,602(128,035) PDF p. 46
Definitions & sources

Original report: PDF p. 46 ↗

Group changes in equity — FY2023, original FY2024 / continued columns

12 metrics

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Group changes in equity — FY2023, original FY2024 / continued columns from Annual Report 2025-2026
Metric / unit 2023Group — Fair value reserve2023Group — Share-based payment reserve2023Group — Property revaluation reserve2023Group — Retained profits2023Group — Equity attributable to holders of the Company2023Group — NCI — SAFE2023Group — NCI — Share of net assets of subsidiaries2023Group — Total non-controlling interests2023Group — Total equity Source
Group
Balance at 1 April 2022Singapore dollars thousands 3,2891,467955277,571523,813-100,048100,048623,861 PDF p. 47 Label p. 46
Total comprehensive income (loss)
Profit for the financial yearSingapore dollars thousands ---22,04422,044-5,3935,39327,437 PDF p. 47 Label p. 46
Other comprehensive (loss) income for the financial yearSingapore dollars thousands (2,487)--40(41,150)-(9,089)(9,089)(50,239) PDF p. 47 Label p. 46
Total comprehensive (loss) income
Total comprehensive (loss) income for the financial yearSingapore dollars thousands (2,487)--22,084(19,106)-(3,696)(3,696)(22,802) PDF p. 47 Label p. 46
Share of change in net assets of associates other than other comprehensive incomeSingapore dollars thousands ----(74,056)---(74,056) PDF p. 47 Label p. 46
Capital contribution by non-controlling interestsSingapore dollars thousands ------707070 PDF p. 47 Label p. 46
Issue of SAFE by a subsidiarySingapore dollars thousands -----18,793-18,79318,793 PDF p. 47 Label p. 46
Dividends paid (Notes 12 and 26)Singapore dollars thousands ---(14,515)(14,515)-(3,545)(3,545)(18,060) PDF p. 47 Label p. 46
Disposal of a subsidiarySingapore dollars thousands ---550----- PDF p. 47 Label p. 46
Total transactions with ownersSingapore dollars thousands ---(13,965)(14,515)18,793(3,475)15,318803 PDF p. 47 Label p. 46
Transfer to reserveSingapore dollars thousands ---(2,227)----- PDF p. 47 Label p. 46
Balance at 31 March 2023Singapore dollars thousands 8021,467955283,463416,13618,79392,877111,670527,806 PDF p. 47 Label p. 46
Definitions & sources

Original report: PDF p. 47 ↗

Company changes in equity — FY2024 source / ending2024

6 metrics

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Company changes in equity — FY2024 source / ending2024 from Annual Report 2025-2026
Metric / unit 2024Company — Issued capital2024Company — Treasury shares2024Company — Capital reserve2024Company — Retained profits2024Company — Total equity Source
Company
Balance at 1 April 2023Singapore dollars thousands 286,307(20,978)61463,607329,550 PDF p. 48
Total comprehensive income
Profit for the financial yearSingapore dollars thousands ---60,43160,431 PDF p. 48
Total comprehensive income for the
Total comprehensive income for the financial yearSingapore dollars thousands ---60,43160,431 PDF p. 48
Dividends paid (Note 26)Singapore dollars thousands ---(12,096)(12,096) PDF p. 48
Distribution in specie (Note 26)Singapore dollars thousands ---(35,418)(35,418) PDF p. 48
Balance at 31 March 2024Singapore dollars thousands 286,307(20,978)61476,524342,467 PDF p. 48
Definitions & sources

Original report: PDF p. 48 ↗

Company changes in equity — FY2024 source / ending2023

5 metrics

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Company changes in equity — FY2024 source / ending2023 from Annual Report 2025-2026
Metric / unit 2023Company — Issued capital2023Company — Treasury shares2023Company — Capital reserve2023Company — Retained profits2023Company — Total equity Source
Total comprehensive income for the
Balance at 1 April 2022Singapore dollars thousands 286,307(20,978)61482,676348,619 PDF p. 48
Total comprehensive loss
Loss for the financial yearSingapore dollars thousands ---(4,554)(4,554) PDF p. 48
Total comprehensive loss for the
Total comprehensive loss for the financial yearSingapore dollars thousands ---(4,554)(4,554) PDF p. 48
Dividends paid (Note 26)Singapore dollars thousands ---(14,515)(14,515) PDF p. 48
Balance at 31 March 2023Singapore dollars thousands 286,307(20,978)61463,607329,550 PDF p. 48
Definitions & sources

Original report: PDF p. 48 ↗

Group cash flows — FY2024 source

67 metrics

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Group cash flows — FY2024 source from Annual Report 2025-2026
Metric / unit 2024Group2023Group Source
Operating activities
(Loss) Profit before taxationSingapore dollars thousands (38,788)29,914 PDF p. 50
Adjustments for:
Share of results of associatesSingapore dollars thousands 59,369(24,128) PDF p. 50
Depreciation of property, plant and equipmentSingapore dollars thousands 32,46932,303 PDF p. 50
Depreciation of right-of-use assetsSingapore dollars thousands 11,78512,436 PDF p. 50
Amortisation of intangible assetsSingapore dollars thousands 541525 PDF p. 50
Finance costsSingapore dollars thousands 34,28229,264 PDF p. 50
Interest incomeSingapore dollars thousands (2,688)(2,256) PDF p. 50
Loss (Gain) on disposal and write-off of property, plant and equipment, netSingapore dollars thousands 717(1,127) PDF p. 50
Restructuring charges written backSingapore dollars thousands -(1,174) PDF p. 50
Closure and relocation costs written backSingapore dollars thousands -(753) PDF p. 50
Allowance for impairment loss on property, plant and equipmentSingapore dollars thousands -3,608 PDF p. 50
Allowance for impairment loss on right-of-use assetsSingapore dollars thousands -512 PDF p. 50
Reversal of impairment loss on interest in an associateSingapore dollars thousands (7,812)(2,568) PDF p. 50
Allowance for inventory obsolescence and write-off of inventory, netSingapore dollars thousands 1033,846 PDF p. 50
(Write-back of) Allowance for expected credit losses, netSingapore dollars thousands (444)6,978 PDF p. 50
Fair value gain on short-term investments, netSingapore dollars thousands (73)(7,619) PDF p. 50
48 Loss (Gain) from disposal and / deemed disposal of interest in associates, netSingapore dollars thousands 271(4,257) PDF p. 50
Gain on bargain purchase arising from purchase of additional interest in associatesSingapore dollars thousands (3)(2,198) PDF p. 50
Reduction in compensation receivableSingapore dollars thousands -2,911 PDF p. 50
Gain from disposal of a subsidiary (Note 39)Singapore dollars thousands -(10,637) PDF p. 50
Loss from de-registration of a subsidiary (Note 39)Singapore dollars thousands -3,235 PDF p. 50
Exchange translation deficit of distribution in specie (Note 39)Singapore dollars thousands 8,269- PDF p. 50
Dividend income from financial assets at fair value through other comprehensive incomeSingapore dollars thousands (75)(30) PDF p. 50
Write-off of trade payables and / contract liabilitiesSingapore dollars thousands (550)(579) PDF p. 50
Unrealised fair value loss on derivative financial instrumentsSingapore dollars thousands -109 PDF p. 50
Rent concession related to COVID-19Singapore dollars thousands -(316) PDF p. 50
Gain on lease modificationSingapore dollars thousands (354)- PDF p. 50
Gain on lease early terminationSingapore dollars thousands (14)(3) PDF p. 50
Unrealised exchange (gain) lossSingapore dollars thousands (2,569)1,333 PDF p. 50
Operating cash flows before movements in working capitalSingapore dollars thousands 94,43669,329 PDF p. 50
InventoriesSingapore dollars thousands 18,04936,790 PDF p. 50
Receivables and prepaymentsSingapore dollars thousands (49,376)40,608 PDF p. 50
Trade and other payables, and contract liabilitiesSingapore dollars thousands 17,312(32,338) PDF p. 50
Provision for restructuringSingapore dollars thousands -(3,125) PDF p. 50
Cash generated from operationsSingapore dollars thousands 80,421111,264 PDF p. 50
Income tax paidSingapore dollars thousands (4,685)(7,747) PDF p. 50
Finance costs paidSingapore dollars thousands (33,823)(28,705) PDF p. 50
Interest receivedSingapore dollars thousands 2,6511,983 PDF p. 50
Net cash generated from operating activitiesSingapore dollars thousands 44,56476,795 PDF p. 50
Investing activities
Purchase of property, plant and equipment (Note a)Singapore dollars thousands (36,164)(50,865) PDF p. 51
Acquisition of intangible assetsSingapore dollars thousands -(437) PDF p. 51
Deposits paid for purchase of property, plant and equipmentSingapore dollars thousands (607)(647) PDF p. 51
Dividends received from associatesSingapore dollars thousands 10,06313,257 PDF p. 51
Proceeds from disposal of property, plant and equipment, net of transaction costsSingapore dollars thousands 5393,662 PDF p. 51
Proceeds from disposal of a subsidiary, net of cash and cash equivalents disposed (Note 39)Singapore dollars thousands -27,243 PDF p. 51 Label p. 51
Receipt of loan repayment by an associateSingapore dollars thousands -1,231 PDF p. 51
Proceeds from capital reduction of an associateSingapore dollars thousands -3,696 PDF p. 51
Additional investment in associatesSingapore dollars thousands (1,855)(2,912) PDF p. 51
Proceeds from disposal of associatesSingapore dollars thousands 5110,102 PDF p. 51
Proceeds from disposal of short-term investmentsSingapore dollars thousands 1919,385 PDF p. 51
Investment in financial assets at fair value through profit or lossSingapore dollars thousands (3,957)- PDF p. 51
Dividend income from financial assets at fair value through other comprehensive incomeSingapore dollars thousands 7530 PDF p. 51
Cash and cash equivalents disposed relating to distribution in specie (Note 39)Singapore dollars thousands (6,200)- PDF p. 51
Net cash (used in) generated from investing activitiesSingapore dollars thousands (38,036)23,745 PDF p. 51
Financing activities
Drawdown of bank and other loansSingapore dollars thousands 127,935133,827 PDF p. 51
Repayment of bank and other loansSingapore dollars thousands (136,368)(179,232) PDF p. 51
Payment of lease liabilitiesSingapore dollars thousands (10,913)(10,851) PDF p. 51
Dividends paidSingapore dollars thousands (12,096)(14,515) PDF p. 51
Capital contribution by non-controlling interestsSingapore dollars thousands -70 PDF p. 51
Dividends paid to non-controlling interestsSingapore dollars thousands (6,476)(3,545) PDF p. 51
Proceeds from issue of SAFE by a subsidiarySingapore dollars thousands 1,92116,832 PDF p. 51
Non-trade receipt from related partiesSingapore dollars thousands 7,561- PDF p. 51
Net cash used in financing activitiesSingapore dollars thousands (28,436)(57,414) PDF p. 51
Net (decrease) increase in cash and cash equivalentsSingapore dollars thousands (21,908)43,126 PDF p. 51
Cash and cash equivalents at beginning of the financial yearSingapore dollars thousands 209,513188,263 PDF p. 51
Effects of exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands (503)(21,876) PDF p. 51
Cash and cash equivalents at end of the financial year, representing bank balances, deposits and cash (Note 20)Singapore dollars thousands 187,102209,513 PDF p. 51 Label p. 51
Definitions & sources

Original report: PDF p. 50 ↗ PDF p. 51 ↗

Bank and other loans by security/current/noncurrent — FY2024

9 metrics

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Bank and other loans by security/current/noncurrent — FY2024 from Annual Report 2025-2026
Metric / unit 2024Group2023Group2024Company2023Company Source
Current liabilities
Secured Current portion of motor vehicle loanSingapore dollars thousands 27-27- PDF p. 87 Label p. 87
Unsecured Current portion of long-term bank loans (Note a, c)Singapore dollars thousands 57,01597,02325,03879,869 PDF p. 87 Label p. 87
Short-term bank loans (Note c)Singapore dollars thousands 223,863247,56535,27035,045 PDF p. 87
Import and export loansSingapore dollars thousands 13,61418,612-- PDF p. 87
SubtotalSingapore dollars thousands 294,519363,20060,335114,914 PDF p. 87
Non-current liabilities
Secured Motor vehicle loanSingapore dollars thousands 141-141- PDF p. 87 Label p. 87
Unsecured Long-term bank loans due after one year (Note a, c)Singapore dollars thousands 196,111138,65932,13957,137 PDF p. 87 Label p. 87
SubtotalSingapore dollars thousands 196,252138,65932,28057,137 PDF p. 87
SubtotalSingapore dollars thousands 490,771501,85992,615172,051 PDF p. 87
Definitions & sources

Original report: PDF p. 87 ↗

Bank/other loans are separate from lease liabilities, perpetual bonds and SAFE. Net-bank-borrowing ratio subtracts bank cash and uses total equity. Contract covenants and transaction-cost deductions remain in the original quote.

Original EPS income inputs — FY2024

1 metrics

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Original EPS income inputs — FY2024 from Annual Report 2025-2026
Metric / unit 2024Group2023Group Source
Original EPS calculation
(Loss) Profit attributable to equity holders of the CompanySingapore dollars thousands (58,746)22,044 PDF p. 68
Definitions & sources

Original report: PDF p. 68 ↗

Original EPS full ordinary-share count — FY2024

1 metrics

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Original EPS full ordinary-share count — FY2024 from Annual Report 2025-2026
Metric / unit 2024Group2023Group Source
Original EPS calculation
Weighted average number of ordinary shares used in calculating basic and diluted earnings per shareordinary shares 483,843,482483,843,482 PDF p. 68
Definitions & sources

Original report: PDF p. 68 ↗

These are full ordinary-share counts, not thousands. The report says there were no dilutive potential ordinary shares. FY2026/2025 EPS deducts accrued perpetual bond distributions before dividing by ordinary shares.

Group income — FY2022 source

26 metrics

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Group income — FY2022 source from Annual Report 2025-2026
Metric / unit 2022Group2021Group Source
Continuing operations
RevenueSingapore dollars thousands 1,222,7491,148,508 PDF p. 38
Cost of salesSingapore dollars thousands (905,484)(838,154) PDF p. 38
Gross profitSingapore dollars thousands 317,265310,354 PDF p. 38
Other operating incomeSingapore dollars thousands 48,67819,089 PDF p. 38
Distribution costsSingapore dollars thousands (154,692)(144,222) PDF p. 38
Administrative expensesSingapore dollars thousands (148,699)(130,068) PDF p. 38
Allowance for expected credit losses, netSingapore dollars thousands (4,519)(546) PDF p. 38
Other operating expensesSingapore dollars thousands (37,086)(23,025) PDF p. 38
Profit before finance costs and share of results of associatesSingapore dollars thousands 20,94731,582 PDF p. 38
Finance costsSingapore dollars thousands (19,332)(19,353) PDF p. 38
Share of results of associatesSingapore dollars thousands 49,54642,474 PDF p. 38
Profit before taxationSingapore dollars thousands 51,16154,703 PDF p. 38
Income tax expenseSingapore dollars thousands (6,738)(13,668) PDF p. 38
Profit after taxation from continuing operationsSingapore dollars thousands 44,42341,035 PDF p. 38
Discontinued operations
(Loss) Profit after taxation from discontinued operationsSingapore dollars thousands (3,050)1,248 PDF p. 38
Profit for the financial yearSingapore dollars thousands 41,37342,283 PDF p. 38
Equity holders of the Company
Continuing operationsSingapore dollars thousands 38,31130,472 PDF p. 38
Discontinued operationsSingapore dollars thousands (3,050)1,248 PDF p. 38
SubtotalSingapore dollars thousands 35,26131,720 PDF p. 38
Non-controlling interests
Continuing operationsSingapore dollars thousands 6,11210,563 PDF p. 38
Discontinued operationsSingapore dollars thousands -- PDF p. 38
SubtotalSingapore dollars thousands 6,11210,563 PDF p. 38
SubtotalSingapore dollars thousands 41,37342,283 PDF p. 38
Basic and diluted earnings (loss) per share (Singapore cents) from:
Continuing operationsSingapore dollars thousands 7.926.30 PDF p. 38
Discontinued operationsSingapore dollars thousands (0.63)0.25 PDF p. 38
SubtotalSingapore dollars thousands 7.296.55 PDF p. 38
Definitions & sources

Original report: PDF p. 38 ↗

Group comprehensive income — FY2022 source

17 metrics

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Group comprehensive income — FY2022 source from Annual Report 2025-2026
Metric / unit 2022Group2021Group Source
Group comprehensive income — FY2022 source
Profit for the financial yearSingapore dollars thousands 41,37342,283 PDF p. 39
Items that will not be reclassified subsequently to profit or loss:
Fair value gain on financial assets at fair value through other comprehensive incomeSingapore dollars thousands 4,787743 PDF p. 39 Label p. 39
Share of other comprehensive (loss) income of associates - Property revaluation (deficit) surplusSingapore dollars thousands (117)476 PDF p. 39 Label p. 39
- Defined benefit plan remeasurementsSingapore dollars thousands 13(9) PDF p. 39
Items that are or may be reclassified subsequently to profit or loss:
Foreign exchange translation - Exchange translation surplusSingapore dollars thousands 15,0107,376 PDF p. 39 Label p. 39
- Exchange translation deficit (surplus), net, reclassified to profit or loss upon de-registration / disposal of subsidiariesSingapore dollars thousands 4,802(4) PDF p. 39 Label p. 39
Cash flow hedges - Net change in fair value of cash flow hedgesSingapore dollars thousands -(93) PDF p. 39 Label p. 39
- Realised cash flow hedges reclassified to profit or lossSingapore dollars thousands -814 PDF p. 39
Share of other comprehensive loss of associates - Exchange translation deficitSingapore dollars thousands (2,241)(1,515) PDF p. 39 Label p. 39
Other comprehensive income for the financial year, net of taxSingapore dollars thousands 22,2547,788 PDF p. 39
Total comprehensive income for the financial yearSingapore dollars thousands 63,62750,071 PDF p. 39
Equity holders of the CompanySingapore dollars thousands 54,72437,800 PDF p. 39
Non-controlling interestsSingapore dollars thousands 8,90312,271 PDF p. 39
SubtotalSingapore dollars thousands 63,62750,071 PDF p. 39
Total comprehensive income (loss) attributable to equity holders of the Company from:
Continuing operationsSingapore dollars thousands 55,74537,600 PDF p. 39
Discontinued operationsSingapore dollars thousands (1,021)200 PDF p. 39
SubtotalSingapore dollars thousands 54,72437,800 PDF p. 39
Definitions & sources

Original report: PDF p. 39 ↗

Group and Company financial position — FY2022 source

41 metrics

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Group and Company financial position — FY2022 source from Annual Report 2025-2026
Metric / unit 2022Group2021Group2022Company2021Company Source
Non-current Assets
Property, plant and equipmentSingapore dollars thousands 411,572386,321197241 PDF p. 40
Right-of-use assetsSingapore dollars thousands 47,74944,206416800 PDF p. 40
Interest in subsidiariesSingapore dollars thousands --426,749433,526 PDF p. 40
Interest in associatesSingapore dollars thousands 298,892304,31629,03129,031 PDF p. 40
Financial assets at fair value through other comprehensive incomeSingapore dollars thousands 6,7391,968-- PDF p. 40 Label p. 40
Non-current receivablesSingapore dollars thousands 3,22614,92420,48032,000 PDF p. 40
Deferred tax assetsSingapore dollars thousands 5,9374,812-- PDF p. 40
Deposits and prepaymentsSingapore dollars thousands 4,2865,843-- PDF p. 40
Intangible assetsSingapore dollars thousands 10,69612,551-- PDF p. 40
SubtotalSingapore dollars thousands 789,097774,941476,873495,598 PDF p. 40
Current Assets
InventoriesSingapore dollars thousands 254,500206,443-- PDF p. 40
Receivables and prepaymentsSingapore dollars thousands 278,004276,29420,4188,880 PDF p. 40
Dividend receivableSingapore dollars thousands 4,8584,29911,08522,003 PDF p. 40
Taxation recoverableSingapore dollars thousands 3,8374,729-- PDF p. 40
Derivative financial instrumentsSingapore dollars thousands 165--- PDF p. 40
Short-term investmentsSingapore dollars thousands 7291,291-- PDF p. 40
Bank balances, deposits and cashSingapore dollars thousands 188,263226,06729,25113,059 PDF p. 40
SubtotalSingapore dollars thousands 730,356719,12360,75443,942 PDF p. 40
Assets classified as held for saleSingapore dollars thousands 7,4137,311-- PDF p. 40
SubtotalSingapore dollars thousands 737,769726,43460,75443,942 PDF p. 40
Current Liabilities
Trade and other payablesSingapore dollars thousands 302,851336,42224,99531,080 PDF p. 40
Contract liabilitiesSingapore dollars thousands 18,8838,910-- PDF p. 40
Provision for restructuringSingapore dollars thousands 4,250--- PDF p. 40
Lease liabilitiesSingapore dollars thousands 11,26410,490396383 PDF p. 40
Income tax payableSingapore dollars thousands 8,07010,664246411 PDF p. 40
Derivative financial instrumentsSingapore dollars thousands 191,233-146 PDF p. 40
Bank and other loansSingapore dollars thousands 461,611411,19196,58058,917 PDF p. 40
SubtotalSingapore dollars thousands 806,948778,910122,21790,937 PDF p. 40
Net Current LiabilitiesSingapore dollars thousands (69,179)(52,476)(61,463)(46,995) PDF p. 40
Non-current Liabilities
Bank and other loansSingapore dollars thousands 99,823150,19666,759120,380 PDF p. 41
Lease liabilitiesSingapore dollars thousands 41,68134,52532428 PDF p. 41
Provision for restructuringSingapore dollars thousands -17,318-- PDF p. 41
Deferred tax liabilitiesSingapore dollars thousands 10,80610,051-- PDF p. 41
SubtotalSingapore dollars thousands 152,310212,09066,791120,808 PDF p. 41
Net AssetsSingapore dollars thousands 567,608510,375348,619327,795 PDF p. 41
Issued capitalSingapore dollars thousands 286,307286,307286,307286,307 PDF p. 41
Treasury sharesSingapore dollars thousands (20,978)(20,865)(20,978)(20,865) PDF p. 41
ReservesSingapore dollars thousands 202,231153,78883,29062,353 PDF p. 41
Equity attributable to equity holders of the CompanySingapore dollars thousands 467,560419,230348,619327,795 PDF p. 41 Label p. 41
Non-controlling interestsSingapore dollars thousands 100,04891,145-- PDF p. 41
Total EquitySingapore dollars thousands 567,608510,375348,619327,795 PDF p. 41
Definitions & sources

Original report: PDF p. 40 ↗ PDF p. 41 ↗

Group changes in equity — FY2022, original FY2022 / columns1to5

11 metrics

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Group changes in equity — FY2022, original FY2022 / columns1to5 from Annual Report 2025-2026
Metric / unit 2022Group — Issued capital2022Group — Treasury shares2022Group — Capital reserve2022Group — Legal reserve2022Group — Capital reserve on consolidation Source
The Group
Balance at 1 April 2021Singapore dollars thousands 286,307(20,865)11,85621,05030,465 PDF p. 42
Total comprehensive income (loss)
Profit for the financial yearSingapore dollars thousands ----- PDF p. 42
Other comprehensive income (loss) for the financial yearSingapore dollars thousands ----- PDF p. 42 Label p. 42
Total comprehensive income (loss) for the financial yearSingapore dollars thousands ----- PDF p. 42
Share of change in net assets of associates other than other comprehensive incomeSingapore dollars thousands --365-- PDF p. 42 Label p. 42
Contributions by and distributions to
Purchase of treasury shares (Note 28)Singapore dollars thousands -(113)--- PDF p. 42
Dividend paid (Note 28)Singapore dollars thousands ----- PDF p. 42
Disposal of subsidiariesSingapore dollars thousands --(129)(5,102)(863) PDF p. 42
Total transactions with ownersSingapore dollars thousands -(113)(129)(5,102)(863) PDF p. 42
Transfer to reserveSingapore dollars thousands ---813- PDF p. 42
Balance at 31 March 2022Singapore dollars thousands 286,307(20,978)12,09216,76129,602 PDF p. 42
Definitions & sources

Original report: PDF p. 42 ↗

Group changes in equity — FY2022, original FY2022 / continued columns

11 metrics

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Group changes in equity — FY2022, original FY2022 / continued columns from Annual Report 2025-2026
Metric / unit 2022Group — Exchange translation reserve2022Group — Fair value reserve2022Group — Share-based payment reserve2022Group — Property revaluation reserve2022Group — Retained profits2022Group — Equity attributable to holders of the Company2022Group — Non-controlling interests2022Group — Total equity Source
The Group
Balance at 1 April 2021Singapore dollars thousands (104,448)(1,498)2,0911,072193,200419,23091,145510,375 PDF p. 43 Label p. 42
Total comprehensive income (loss)
Profit for the financial yearSingapore dollars thousands ----35,26135,2616,11241,373 PDF p. 43 Label p. 42
Other comprehensive income (loss) for the financial yearSingapore dollars thousands 14,7804,787-(117)1319,4632,79122,254 PDF p. 43 Label p. 42
Total comprehensive income (loss) for the financial yearSingapore dollars thousands 14,7804,787-(117)35,27454,7248,90363,627 PDF p. 43 Label p. 42
Share of change in net assets of associates other than other comprehensive incomeSingapore dollars thousands --(624)-26(233)-(233) PDF p. 43 Label p. 42
Contributions by and distributions to
Purchase of treasury shares (Note 28)Singapore dollars thousands -----(113)-(113) PDF p. 43 Label p. 42
Dividend paid (Note 28)Singapore dollars thousands ----(6,048)(6,048)-(6,048) PDF p. 43 Label p. 42
Disposal of subsidiariesSingapore dollars thousands ----6,094--- PDF p. 43 Label p. 42
Total transactions with ownersSingapore dollars thousands ----46(6,161)-(6,161) PDF p. 43 Label p. 42
Transfer to reserveSingapore dollars thousands ----(813)--- PDF p. 43 Label p. 42
Balance at 31 March 2022Singapore dollars thousands (89,668)3,2891,467955227,733467,560100,048567,608 PDF p. 43 Label p. 42
Definitions & sources

Original report: PDF p. 43 ↗

Group changes in equity — FY2021, original FY2022 / columns1to5

13 metrics

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Group changes in equity — FY2021, original FY2022 / columns1to5 from Annual Report 2025-2026
Metric / unit 2021Group — Issued capital2021Group — Treasury shares2021Group — Capital reserve2021Group — Legal reserve2021Group — Capital reserve on consolidation Source
The Group
Balance at 1 April 2020Singapore dollars thousands 286,307(20,865)5,36821,19330,461 PDF p. 44
Total comprehensive income (loss)
Profit for the financial yearSingapore dollars thousands ----- PDF p. 44
Other comprehensive income (loss) for the financial yearSingapore dollars thousands ----- PDF p. 44 Label p. 44
Total comprehensive income
Total comprehensive income for the financial yearSingapore dollars thousands ----- PDF p. 44
Share of change in net assets of associates other than other comprehensive incomeSingapore dollars thousands --6,767-- PDF p. 44 Label p. 44
Contributions by and distributions
Dividends paid to non-controlling interestsSingapore dollars thousands ----- PDF p. 44
Unclaimed dividendsSingapore dollars thousands ----- PDF p. 44
Acquisition of additional interest in a subsidiarySingapore dollars thousands ----4 PDF p. 44
De-registration of a subsidiarySingapore dollars thousands --(279)(226)- PDF p. 44
Total transactions with ownersSingapore dollars thousands --(279)(226)4 PDF p. 44
Transfer from fair value reserve upon disposal of financial assets at fair value through other comprehensive incomeSingapore dollars thousands ----- PDF p. 44 Label p. 44
Transfer to reserveSingapore dollars thousands ---83- PDF p. 44
Balance at 31 March 2021Singapore dollars thousands 286,307(20,865)11,85621,05030,465 PDF p. 44
Definitions & sources

Original report: PDF p. 44 ↗

Group changes in equity — FY2021, original FY2022 / continued columns

13 metrics

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Group changes in equity — FY2021, original FY2022 / continued columns from Annual Report 2025-2026
Metric / unit 2021Group — Exchange translation reserve2021Group — Fair value reserve2021Group — Share-based payment reserve2021Group — Property revaluation reserve2021Group — Hedging reserve2021Group — Retained profits2021Group — Equity attributable to holders of the Company2021Group — Non-controlling interests2021Group — Total equity Source
The Group
Balance at 1 April 2020Singapore dollars thousands (108,597)(3,516)1,895596(721)162,327374,44894,087468,535 PDF p. 45 Label p. 44
Total comprehensive income (loss)
Profit for the financial yearSingapore dollars thousands -----31,72031,72010,56342,283 PDF p. 45 Label p. 44
Other comprehensive income (loss) for the financial yearSingapore dollars thousands 4,149743-476721(9)6,0801,7087,788 PDF p. 45 Label p. 44
Total comprehensive income
Total comprehensive income for the financial yearSingapore dollars thousands 4,149743-47672131,71137,80012,27150,071 PDF p. 45 Label p. 44
Share of change in net assets of associates other than other comprehensive incomeSingapore dollars thousands --196--146,977-6,977 PDF p. 45 Label p. 44
Contributions by and distributions
Dividends paid to non-controlling interestsSingapore dollars thousands -------(15,148)(15,148) PDF p. 45 Label p. 44
Unclaimed dividendsSingapore dollars thousands -----11-1 PDF p. 45 Label p. 44
Acquisition of additional interest in a subsidiarySingapore dollars thousands ------4(65)(61) PDF p. 45 Label p. 44
De-registration of a subsidiarySingapore dollars thousands -----505--- PDF p. 45 Label p. 44
Total transactions with ownersSingapore dollars thousands -----5065(15,213)(15,208) PDF p. 45 Label p. 44
Transfer from fair value reserve upon disposal of financial assets at fair value through other comprehensive incomeSingapore dollars thousands -1,275---(1,275)--- PDF p. 45 Label p. 44
Transfer to reserveSingapore dollars thousands -----(83)--- PDF p. 45 Label p. 44
Balance at 31 March 2021Singapore dollars thousands (104,448)(1,498)2,0911,072-193,200419,23091,145510,375 PDF p. 45 Label p. 44
Definitions & sources

Original report: PDF p. 45 ↗

Company changes in equity — FY2022 source / ending2022

6 metrics

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Company changes in equity — FY2022 source / ending2022 from Annual Report 2025-2026
Metric / unit 2022Company — Issued capital2022Company — Treasury shares2022Company — Capital reserve2022Company — Hedging reserve2022Company — Retained profits2022Company — Total equity Source
Company changes in equity — FY2022 source
Balance at 1 April 2021Singapore dollars thousands 286,307(20,865)614-61,739327,795 PDF p. 46
Total comprehensive income
Profit for the financial yearSingapore dollars thousands ----26,98526,985 PDF p. 46
Total comprehensive income for
Total comprehensive income for the financial yearSingapore dollars thousands ----26,98526,985 PDF p. 46
Purchase of treasury shares (Note 28)Singapore dollars thousands -(113)---(113) PDF p. 46
Dividend paid (Note 28)Singapore dollars thousands ----(6,048)(6,048) PDF p. 46
Balance at 31 March 2022Singapore dollars thousands 286,307(20,978)614-82,676348,619 PDF p. 46
Definitions & sources

Original report: PDF p. 46 ↗

Company changes in equity — FY2022 source / ending2021

6 metrics

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Company changes in equity — FY2022 source / ending2021 from Annual Report 2025-2026
Metric / unit 2021Company — Issued capital2021Company — Treasury shares2021Company — Capital reserve2021Company — Hedging reserve2021Company — Retained profits2021Company — Total equity Source
Total comprehensive income for
Balance at 1 April 2020Singapore dollars thousands 286,307(20,865)614(721)42,771308,106 PDF p. 46
Total comprehensive income
Profit for the financial yearSingapore dollars thousands ----18,96718,967 PDF p. 46
Other comprehensive income for the financial yearSingapore dollars thousands ---721-721 PDF p. 46 Label p. 46
Total comprehensive income for
Total comprehensive income for the financial yearSingapore dollars thousands ---72118,96719,688 PDF p. 46
Unclaimed dividendsSingapore dollars thousands ----11 PDF p. 46
Balance at 31 March 2021Singapore dollars thousands 286,307(20,865)614-61,739327,795 PDF p. 46
Definitions & sources

Original report: PDF p. 46 ↗

Group cash flows — FY2022 source

66 metrics

Units appear below each metric. Scroll to compare years

Group cash flows — FY2022 source from Annual Report 2025-2026
Metric / unit 2022Group2021Group Source
Operating activities
Profit before taxation from continuing operationsSingapore dollars thousands 51,16154,703 PDF p. 48
(Loss) Profit before taxation from discontinued operations (Note 41)Singapore dollars thousands (2,698)1,578 PDF p. 48
Profit before taxationSingapore dollars thousands 48,46356,281 PDF p. 48
Adjustments for:
Share of results of associatesSingapore dollars thousands (49,546)(42,474) PDF p. 48
Depreciation of property, plant and equipmentSingapore dollars thousands 30,62526,746 PDF p. 48
Depreciation of right-of-use assetsSingapore dollars thousands 15,16414,082 PDF p. 48
Amortisation of intangible assetsSingapore dollars thousands 329334 PDF p. 48
Finance costsSingapore dollars thousands 19,39219,357 PDF p. 48
Interest incomeSingapore dollars thousands (2,301)(2,522) PDF p. 48
Loss on disposal and write-off of property, plant and equipment, netSingapore dollars thousands 2,87511 PDF p. 48
Loss on disposal of automotive wire harness business (“AWH Business”) (Note 41)Singapore dollars thousands 2,891- PDF p. 48
Restructuring charges written backSingapore dollars thousands (13,056)- PDF p. 48
Relocation costs written backSingapore dollars thousands (4,205)- PDF p. 48
Allowance for impairment loss on property, plant and equipmentSingapore dollars thousands -2,362 PDF p. 48
Allowance for impairment loss on right-of-use assetsSingapore dollars thousands -1,340 PDF p. 48
Allowance for impairment loss on interest in an associateSingapore dollars thousands 10,380108 PDF p. 48
Allowance for inventory obsolescence and write-off of inventory, netSingapore dollars thousands 448970 PDF p. 48
Allowance for expected credit losses, netSingapore dollars thousands 4,519549 PDF p. 48
Fair value loss on short-term investmentsSingapore dollars thousands 566596 PDF p. 48
Gain from deemed disposal of interest in associateSingapore dollars thousands (53)(29) PDF p. 48
Gain from disposal of a subsidiary (Note 42)Singapore dollars thousands (8,182)- PDF p. 48
Fair value gain from investment propertySingapore dollars thousands -(3,783) PDF p. 48
Loss (Gain) from de-registration of subsidiaries, netSingapore dollars thousands 170(4) PDF p. 48
Realised gain on derivative financial instrumentsSingapore dollars thousands -(783) PDF p. 48
Unrealised fair value (gain) loss on derivative financial instrumentsSingapore dollars thousands (1,233)924 PDF p. 48
Rent concession related to COVID-19Singapore dollars thousands (29)(514) PDF p. 48
Gain on lease modificationSingapore dollars thousands (153)- PDF p. 48
Gain on lease early terminationSingapore dollars thousands (8)- PDF p. 48
Bank loans waived (note a)Singapore dollars thousands (1,315)- PDF p. 48
Unrealised exchange loss (gain)Singapore dollars thousands 1,717(3,114) PDF p. 48
Operating cash flows before movements in working capitalSingapore dollars thousands 57,45870,437 PDF p. 48
InventoriesSingapore dollars thousands (54,985)(47,688) PDF p. 48
Receivables and prepaymentsSingapore dollars thousands (7,643)(78,879) PDF p. 48
Trade and other payables, and contract liabilitiesSingapore dollars thousands 12,76294,969 PDF p. 48
Cash generated from operationsSingapore dollars thousands 7,59238,839 PDF p. 48
Income tax paidSingapore dollars thousands (10,035)(7,693) PDF p. 48
Finance costs paidSingapore dollars thousands (18,004)(20,235) PDF p. 48
Interest receivedSingapore dollars thousands 1,0331,445 PDF p. 48
Net cash (used in) generated from operating activitiesSingapore dollars thousands (19,414)12,356 PDF p. 48
Investing activities
Purchase of property, plant and equipment (note b)Singapore dollars thousands (51,657)(76,173) PDF p. 49
Deposits received from sale of assets classified as held for saleSingapore dollars thousands -20,532 PDF p. 49
Deposits paid for purchase of property, plant and equipmentSingapore dollars thousands (467)(2,142) PDF p. 49
Dividends received from associatesSingapore dollars thousands 41,23214,454 PDF p. 49
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands 1,5102,825 PDF p. 49
Proceeds from disposal of AWH Business, net (Note 41)Singapore dollars thousands 9,645- PDF p. 49
Loan to an associateSingapore dollars thousands -(1,233) PDF p. 49
Additional investment in associatesSingapore dollars thousands -(265) PDF p. 49
Compensation received from disposal of assets classified as held for saleSingapore dollars thousands -14,426 PDF p. 49
Proceeds from disposal of financial assets at fair value through other comprehensive incomeSingapore dollars thousands -1,135 PDF p. 49 Label p. 49
Purchase of short-term investmentsSingapore dollars thousands -(2,050) PDF p. 49
Proceeds from disposal of short-term investmentsSingapore dollars thousands -145 PDF p. 49
Cash and cash equivalents of subsidiary disposed (Note 42)Singapore dollars thousands (7,252)- PDF p. 49
Net cash used in investing activitiesSingapore dollars thousands (6,989)(28,346) PDF p. 49
Financing activities
Drawdown of bank and other loansSingapore dollars thousands 78,585190,608 PDF p. 49
Repayment of bank and other loansSingapore dollars thousands (82,630)(144,933) PDF p. 49
Payment of lease liabilitiesSingapore dollars thousands (11,770)(10,679) PDF p. 49
Dividend paidSingapore dollars thousands (6,048)- PDF p. 49
Dividends paid to non-controlling interestsSingapore dollars thousands -(15,148) PDF p. 49
Acquisition of additional interest in a subsidiarySingapore dollars thousands -(61) PDF p. 49
Purchase of treasury sharesSingapore dollars thousands (113)- PDF p. 49
Unclaimed dividendsSingapore dollars thousands -1 PDF p. 49
Net cash (used in) generated from financing activitiesSingapore dollars thousands (21,976)19,788 PDF p. 49
Net (decrease) increase in cash and cash equivalentsSingapore dollars thousands (48,379)3,798 PDF p. 49
Cash and cash equivalents at beginning of the financial yearSingapore dollars thousands 226,067221,098 PDF p. 49
Effects of exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands 10,5751,171 PDF p. 49
Cash and cash equivalents at end of the financial year, representing bank balances, deposits and cash (Note 20)Singapore dollars thousands 188,263226,067 PDF p. 49 Label p. 49
Definitions & sources

Original report: PDF p. 48 ↗ PDF p. 49 ↗

Bank and other loans by security/current/noncurrent — FY2022

10 metrics

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Bank and other loans by security/current/noncurrent — FY2022 from Annual Report 2025-2026
Metric / unit 2022Group2021Group2022Company2021Company Source
Current liabilities
Secured Current portion of motor vehicle loanSingapore dollars thousands 335335 PDF p. 94 Label p. 94
Unsecured Current portion of long-term bank loans (note a, d)Singapore dollars thousands 86,47069,93956,25720,182 PDF p. 94 Label p. 94
Short-term bank loans (note d)Singapore dollars thousands 343,896310,04240,32038,700 PDF p. 94
Short-term other interest-free loans (note c)Singapore dollars thousands -1,404-- PDF p. 94
Import and export loansSingapore dollars thousands 31,24229,771-- PDF p. 94
SubtotalSingapore dollars thousands 461,611411,19196,58058,917 PDF p. 94
Non-current liabilities
Secured Motor vehicle loanSingapore dollars thousands -3-3 PDF p. 94 Label p. 94
Unsecured Long-term bank loans due after one year (note a, d)Singapore dollars thousands 99,823150,19366,759120,377 PDF p. 94 Label p. 94
SubtotalSingapore dollars thousands 99,823150,19666,759120,380 PDF p. 94
SubtotalSingapore dollars thousands 561,434561,387163,339179,297 PDF p. 94
Definitions & sources

Original report: PDF p. 94 ↗

Bank/other loans are separate from lease liabilities, perpetual bonds and SAFE. Net-bank-borrowing ratio subtracts bank cash and uses total equity. Contract covenants and transaction-cost deductions remain in the original quote.

Original EPS income inputs — FY2022

3 metrics

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Original EPS income inputs — FY2022 from Annual Report 2025-2026
Metric / unit 2022Group2021Group Source
Original EPS calculation
Continuing operationsSingapore dollars thousands 38,31130,472 PDF p. 73
Discontinued operationsSingapore dollars thousands (3,050)1,248 PDF p. 73
SubtotalSingapore dollars thousands 35,26131,720 PDF p. 73
Definitions & sources

Original report: PDF p. 73 ↗

Original EPS full ordinary-share count — FY2022

1 metrics

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Original EPS full ordinary-share count — FY2022 from Annual Report 2025-2026
Metric / unit 2022Group2021Group Source
Original EPS calculation
Weighted average number of ordinary shares used in calculating basic and diluted earnings per shareordinary shares 483,853,969484,046,682 PDF p. 73
Definitions & sources

Original report: PDF p. 73 ↗

These are full ordinary-share counts, not thousands. The report says there were no dilutive potential ordinary shares. FY2026/2025 EPS deducts accrued perpetual bond distributions before dividing by ordinary shares.

Original31March2022 position restatement

5 metrics

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Original31March2022 position restatement from Annual Report 2025-2026
Metric / unit 2022Group — Previously reported2022Group — Adjustments on merger accounting2022Group — Restated Source
Assets
Interest in associatesSingapore dollars thousands 298,89256,253355,145 PDF p. 135
Net AssetsSingapore dollars thousands 567,60856,253623,861 PDF p. 135
Equity
ReservesSingapore dollars thousands 202,23156,253258,484 PDF p. 135
Equity attributable to equity holders of the CompanySingapore dollars thousands 467,56056,253523,813 PDF p. 135
Total EquitySingapore dollars thousands 567,60856,253623,861 PDF p. 135
Definitions & sources

Original report: PDF p. 135 ↗

Source FY2023 Note45 explains merger accounting applied by XIC to LightEngine; original and adjusted figures remain separate. The opening-position date is exactly as printed.

Original1April2021 opening-position restatement

5 metrics

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Original1April2021 opening-position restatement from Annual Report 2025-2026
Metric / unit 2021Group — Previously reported2021Group — Adjustments on merger accounting2021Group — Restated Source
Assets
Interest in associatesSingapore dollars thousands 304,31650,337354,653 PDF p. 135
Net AssetsSingapore dollars thousands 510,37550,337560,712 PDF p. 135
Equity
ReservesSingapore dollars thousands 153,78850,337204,125 PDF p. 135
Equity attributable to equity holders of the CompanySingapore dollars thousands 419,23050,337469,567 PDF p. 135
Total EquitySingapore dollars thousands 510,37550,337560,712 PDF p. 135
Definitions & sources

Original report: PDF p. 135 ↗

Source FY2023 Note45 explains merger accounting applied by XIC to LightEngine; original and adjusted figures remain separate. The opening-position date is exactly as printed.

OriginalFY2022 income/CI restatement

11 metrics

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OriginalFY2022 income/CI restatement from Annual Report 2025-2026
Metric / unit 2022Group — Previously reported2022Group — Adjustments on merger accounting2022Group — Restated Source
Original merger-accounting income/CI bridge
Consolidated income statement 31 March 2022 Share of results of associatesSingapore dollars thousands 49,5464,75554,301 PDF p. 136 Label p. 136
Continuing operations
Profit before taxationSingapore dollars thousands 51,1614,75555,916 PDF p. 136
Income tax expenseSingapore dollars thousands (6,738)-(6,738) PDF p. 136
Profit after taxation from continuing operationsSingapore dollars thousands 44,4234,75549,178 PDF p. 136
Profit for the financial yearSingapore dollars thousands 41,3734,75546,128 PDF p. 136
Equity holders of the Company
Continuing operationsSingapore dollars thousands 38,3114,75543,066 PDF p. 136
Items that are or may be reclassified subsequently to profit or loss:
Share of other comprehensive (loss) income of associates - Exchange translation (deficit) surplusSingapore dollars thousands (2,241)1,161(1,080) PDF p. 136 Label p. 136
Other comprehensive income for the financial year, net of taxSingapore dollars thousands 22,2541,16123,415 PDF p. 136
Total comprehensive income for the financial yearSingapore dollars thousands 63,6275,91669,543 PDF p. 136
Attributable to: Equity holders of the CompanySingapore dollars thousands 54,7245,91660,640 PDF p. 136 Label p. 136
Company from:
Continuing operationsSingapore dollars thousands 55,7455,91661,661 PDF p. 136
Definitions & sources

Original report: PDF p. 136 ↗

FY2022 merger-accounting adjustment increases profit by S$4,755thousand, closing associate/parent-equity amounts by S$56,253thousand and continuing EPS by0.98Singaporecent, as disclosed.

OriginalFY2022 continuing EPS restatement

1 metrics

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OriginalFY2022 continuing EPS restatement from Annual Report 2025-2026
Metric / unit 2022Group — Previously reported2022Group — Adjustments on merger accounting2022Group — Restated Source
Basic and diluted earnings per share (Singapore cents) from:
Continuing operationsSingapore cents per share 7.920.988.90 PDF p. 136
Definitions & sources

Original report: PDF p. 136 ↗

FY2022 merger-accounting adjustment increases profit by S$4,755thousand, closing associate/parent-equity amounts by S$56,253thousand and continuing EPS by0.98Singaporecent, as disclosed.

Where the money comes from

Segment information

By business

Operating segments 2026 – revenue, results and other information 16 lines
Operating segments 2026 – revenue, results and other information
Item / unit 2026Battery2026Electronics and acoustics2026Other industrial investments2026Elimination2026Total Source
Revenue
External revenueS$’000 806,534287,936--1,094,470 PDF p. 139
Inter-segment revenueS$’000 13143-(156)- PDF p. 139
Total revenueS$’000 806,547288,079-(156)1,094,470 PDF p. 139
Results
Contribution before taxationS$’000 32,86310,5237,699-51,085 PDF p. 139
Other information
Interest incomeS$’000 1,267268--1,535 PDF p. 139
Finance costsS$’000 15,6313,680--19,311 PDF p. 139
Share of results of associatesS$’000 7,307-11,859-19,166 PDF p. 139
Depreciation and amortisationS$’000 29,28112,2111,220-42,712 PDF p. 139
Allowance for inventory obsolescence and write-off of inventory, netS$’000 1,449686--2,135 PDF p. 139
Gain on disposal of property, plant and equipment, netS$’000 131186--317 PDF p. 139
Allowance for expected credit losses, netS$’000 97114492-1,207 PDF p. 139
Fair value (gain) loss on short-term investments, netS$’000 (91)-32-(59) PDF p. 139
Fair value loss on financial assets at fair value through profit or lossS$’000 --1,647-1,647 PDF p. 139
(Gain) Loss from de-registration of subsidiaries, netS$’000 (790)152--(638) PDF p. 139
Fair value gain on investment propertiesS$’000 1,784---1,784 PDF p. 139
Fair value gain on remeasurement of previously held equity interests in an associateS$’000 6,333---6,333 PDF p. 139
Notes

Segment performance is evaluated based on the Group’s share of profit before taxation contributed by each business segment and after allocation of central administrative costs. Investment related finance costs and income taxes are not allocated to the segments.

Operating segments 2025 – revenue, results and other information 17 lines
Operating segments 2025 – revenue, results and other information
Item / unit 2025Battery2025Electronics and acoustics2025Other industrial investments2025Elimination2025Total Source
Revenue
External revenueS$’000 833,279271,421--1,104,700 PDF p. 140
Inter-segment revenueS$’000 9138-(147)- PDF p. 140
Total revenueS$’000 833,288271,559-(147)1,104,700 PDF p. 140
Results
Contribution before taxationS$’000 31,6673,2067,708-42,581 PDF p. 140
Other information
Interest incomeS$’000 1,301275--1,576 PDF p. 140
Finance costsS$’000 18,5485,981--24,529 PDF p. 140
Share of results of associatesS$’000 5,776-7,686-13,462 PDF p. 140
Depreciation and amortisationS$’000 28,89112,3381,241-42,470 PDF p. 140
Allowance for impairment loss on property, plant and equipmentS$’000 650---650 PDF p. 140
(Write-back of) Allowance for inventory obsolescence and write-off of inventory, netS$’000 (1,405)74--(1,331) PDF p. 140
(Gain) Loss on disposal of property, plant and equipment, netS$’000 (4)4--- PDF p. 140
Allowance of expected credit losses, netS$’000 914267--1,181 PDF p. 140
Fair value loss on short-term investmentsS$’000 --183-183 PDF p. 140
Fair value gain on financial assets at fair value through profit or lossS$’000 --3,638-3,638 PDF p. 140
Gain from de-registration of a subsidiaryS$’000 1,991---1,991 PDF p. 140
Gain from de-registration of an associateS$’000 18---18 PDF p. 140
Fair value loss on investment propertiesS$’000 56---56 PDF p. 140
Operating segments 2026 – assets, liabilities and other information 5 lines
Operating segments 2026 – assets, liabilities and other information
Item / unit 2026Battery2026Electronics and acoustics2026Other industrial investments2026Elimination2026Total Source
Assets and liabilities
AssetsS$’000 994,376245,043143,976(160,714)1,222,681 PDF p. 140
LiabilitiesS$’000 557,211165,972108,692(160,714)671,161 PDF p. 140
Other information
Interest in associatesS$’000 51,698-112,064-163,762 PDF p. 140
Additions to property, plant and equipmentS$’000 15,9363,61462-19,612 PDF p. 140
Additions to right-of-use assetsS$’000 1,2431,2601,124-3,627 PDF p. 140
Operating segments 2025 – assets, liabilities and other information 5 lines
Operating segments 2025 – assets, liabilities and other information
Item / unit 2025Battery2025Electronics and acoustics2025Other industrial investments2025Elimination2025Total Source
Assets and liabilities
AssetsS$’000 960,964265,933145,642(164,450)1,208,089 PDF p. 141
LiabilitiesS$’000 538,955192,619105,829(164,450)672,953 PDF p. 141
Other information
Interest in associatesS$’000 59,472-104,861-164,333 PDF p. 141
Additions to property, plant and equipmentS$’000 23,1019,17319-32,293 PDF p. 141
Additions to right-of-use assetsS$’000 5512,439176-3,166 PDF p. 141
Reconciliation of operating segment results, interest income, finance costs, assets and liabilities 19 lines
Reconciliation of operating segment results, interest income, finance costs, assets and liabilities
Item / unit 2026Group2025Group Source
Results
Contribution before taxation per reportable segmentsS$’000 51,08542,581 PDF p. 141
Unallocated finance costs, netS$’000 (4,050)(3,963) PDF p. 141
TaxationS$’000 (17,778)(12,413) PDF p. 141
Share of taxation of associatesS$’000 (4,580)(3,963) PDF p. 141
Taxation attributable to non-controlling interests’ share of resultsS$’000 3,7542,084 PDF p. 141
Profit attributable to equity holders of the CompanyS$’000 28,43124,326 PDF p. 141
Interest income
Per reportable segmentsS$’000 1,5351,576 PDF p. 141
Unallocated interest incomeS$’000 70423 PDF p. 141
Per consolidated financial statementsS$’000 1,6051,999 PDF p. 141
Finance costs
Per reportable segmentsS$’000 19,31124,529 PDF p. 141
Unallocated finance costsS$’000 4,1204,386 PDF p. 141
Per consolidated financial statementsS$’000 23,43128,915 PDF p. 141
Assets
Per reportable segmentsS$’000 1,222,6811,208,089 PDF p. 141
Other unallocated assetsS$’000 5,8797,304 PDF p. 141
Per consolidated financial statementsS$’000 1,228,5601,215,393 PDF p. 141
Liabilities
Per reportable segmentsS$’000 671,161672,953 PDF p. 141
Unallocated bank loans and lease liabilitiesS$’000 83,30393,638 PDF p. 141
Other unallocated liabilitiesS$’000 21,74217,939 PDF p. 141
Per consolidated financial statementsS$’000 776,206784,530 PDF p. 141

By geography

Geographical information – revenue by location of customers or shipment destination 12 lines
Geographical information – revenue by location of customers or shipment destination
Item / unit 2026Group2025Group Source
Revenue by geography
SingaporeS$’000 7,8666,990 PDF p. 142
PRCS$’000 531,313525,696 PDF p. 142
Other Asian countriesS$’000 65,85758,632 PDF p. 142
AsiaS$’000 605,036591,318 PDF p. 142
Germany, Netherlands, Russia and United KingdomS$’000 114,327128,166 PDF p. 142
Other European countriesS$’000 122,092112,353 PDF p. 142
EuropeS$’000 236,419240,519 PDF p. 142
United States of AmericaS$’000 222,845247,339 PDF p. 142
Other American countriesS$’000 21,98118,415 PDF p. 142
AmericasS$’000 244,826265,754 PDF p. 142
OthersS$’000 8,1897,109 PDF p. 142
RevenueS$’000 1,094,4701,104,700 PDF p. 142
Geographical information – non-current assets by location of assets 6 lines
Geographical information – non-current assets by location of assets
Item / unit 2026Group2025Group Source
Non-current assets by geography
SingaporeS$’000 1,6601,008 PDF p. 142
PRCS$’000 485,495481,280 PDF p. 142
Other Asian countriesS$’000 61,86064,123 PDF p. 142
EuropeS$’000 38,16835,684 PDF p. 142
Americas and othersS$’000 9,8517,323 PDF p. 142
Total non-current assets (unlabelled total row)S$’000 597,034589,418 PDF p. 142
Notes

Non-current assets comprise investment properties, property, plant and equipment, right-of-use assets, interest in associates, contract costs, deposits and prepayments and intangible assets.

No customer individually contributed more than 10% of the Group’s revenue for the financial years ended 31 March 2026 and 2025.

Debt

Borrowings

Lease liabilities maturity analysis

Lease liabilities maturity analysis
Item / unit 2026Group, S$'0002025Group, S$'0002026Company, S$'0002025Company, S$'000 Source
Contractual undiscounted cash flows
Within one yearS$'000 9,05811,867715639 PDF p. 131
After one year but within two yearsS$'000 5,7177,834687374 PDF p. 131
After two years but within five yearsS$'000 9,2019,948295347 PDF p. 131
After five yearsS$'000 2,5035,543-- PDF p. 131
Lease liabilities
Less: Future interest expenseS$'000 (2,894)(4,158)(72)(66) PDF p. 131
Present value of lease liabilitiesS$'000 23,58531,0341,6251,294 PDF p. 131
Analysed as
CurrentS$'000 8,00410,431668599 PDF p. 131
Non-currentS$'000 15,58120,603957695 PDF p. 131
Notes

The initial lease terms ranged between two years and ten years (2025: two years and ten years).

Total cash outflow for leases S$14,262,000 (2025: S$14,733,000).

Borrowing notes 1 tables

Bank and other loans

Bank and other loans
Item / unit 2026Group, S$'0002025Group, S$'0002026Company, S$'0002025Company, S$'000 Source
Current liabilities - Secured
Current portion of motor vehicle loanS$'000 30283028 PDF p. 132
Current liabilities - Unsecured
Current portion of long-term bank loans (Note a)S$'000 158,57470,26719,3669,567 PDF p. 132
Short-term bank loansS$'000 112,352179,06021,83030,900 PDF p. 132
Import and export loansS$'000 45,63541,147-- PDF p. 132
Current liabilities
Total current liabilities (unlabelled subtotal)S$'000 316,591290,50241,22640,495 PDF p. 132
Non-current liabilities - Secured
Motor vehicle loanS$'000 8311383113 PDF p. 132
Non-current liabilities - Unsecured
Long-term bank loans due after one year (Note a)S$'000 127,828167,59640,36959,736 PDF p. 132
Non-current liabilities
Total non-current liabilities (unlabelled subtotal)S$'000 127,911167,70940,45259,849 PDF p. 132
Total
Total bank and other loans (unlabelled total)S$'000 444,502458,21181,678100,344 PDF p. 132
Notes

Note a) Long-term bank loans of the Group and the Company are stated net of unamortised transaction costs, which amounted to S$1,540,000 (2025: S$1,140,000) and S$233,000 (2025: S$233,000) respectively for the current portion; and S$1,178,000 (2025: S$1,054,000) and S$231,000 (2025: S$464,000) respectively for the non- current portion. These loans are repayable within one to three years (2025: one to three years) and are based on variable interest rates.

Note b) As at 31 March 2026, under the non-current bank loans, the Group’s long-term bank loans of S$127,828,000 (2025: S$167,596,000) and the Company’s long-term bank loans of S$40,369,000 (2025: S$59,736,000) are subject to certain ongoing financial covenants relating to the Group’s tangible net worth, gearing ratio, leverage ratio and interest coverage ratio.

Note c) As at 31 March 2026 and 2025, there were no incidence of non-compliance with the financial covenants committed under various loan facility agreements.

As at 31 March 2026, bank loans of the Company amounting to S$64,400,000 (2025: S$83,000,000) were guaranteed by certain subsidiaries of the Company.

Subtotal rows (316,591 current; 127,911 non-current) and total 444,502 are printed without labels.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend Policy The Company has formalised its dividend policy and is committed to provide a return to Shareholders at least once a year through the payment of dividends so as to provide rewards to Shareholders in a fair and sustainable manner. Company PDF p. 74

Dividends declared and proposed

ItemValuePeriod / scopeSource
Interim tax-exempt (1-tier) dividend of 1.75 S cents per Share for the financial year ended 31 March 2026 1.75 Singapore cents per share FY2026 interim, Group and Company PDF p. 136
Interim Dividend S 1.75 cents per share FY2026 interim PDF p. 2
Final tax-exempt (1-tier) dividend of 1.75 S cents per Share for the financial year ended 31 March 2026 (2025: 1.50 S cents) 1.75 Singapore cents per share FY2026 proposed final, Group and Company PDF p. 136
Proposed Final Dividend S 1.75 cents per share * FY2026 proposed final PDF p. 2
Final tax-exempt (1-tier) dividend of 1.50 Singapore cents (“S cents”) per Share for the financial year ended 31 March 2025 1.50 Singapore cents per share FY2025 final (comparative), Group and Company PDF p. 136
Interim tax-exempt (1-tier) dividend of 1.50 S cents per Share for the financial year ended 31 March 2025 1.50 Singapore cents per share FY2025 interim (comparative), Group and Company PDF p. 136

Payout

ItemValuePeriod / scopeSource
Tax-exempt (1-tier) dividend per share (cents) 3.5 cents per share FY2026 total (2026 column; comparative 2025: 3.0) PDF p. 6
Tax-exempt (1-tier) dividend per share (cents) 3.0 cents per share FY2025 total (comparative, 2025 column) PDF p. 6

Extracted from Annual Report 2025-2026 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Audit firm Deloitte & Touche LLP Group FY ended 31 March 2026 PDF p. 85
Engagement partner Panjabi Sanjay Gordhan Group FY ended 31 March 2026 PDF p. 85
Opinion properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)s”) so as to give a true and fair view Group and Company FY ended 31 March 2026 PDF p. 82

Key audit matters

ItemValuePeriod / scopeSource
Impairment assessment on interest in an associate Impairment assessment on interest in an associate Group FY ended 31 March 2026 PDF p. 82
Assessment of recoverability of trade receivables Assessment of recoverability of trade receivables Group FY ended 31 March 2026 PDF p. 83

Extracted from Annual Report 2025-2026 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual Report 2025-2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Primary statements are in Singapore dollars thousands. Group income/comprehensive income/cash flows and Group/Company position/equity are retained; no separate Company income or cash flow statement is disclosed.

Group changes in equity span facing pages. Each original physical half is retained with its own component columns, and continuation captions are bound to the preceding page and matching original row. Current ordinary equity, perpetual bonds and non-controlling interests have separate components. Historical column changes, including the FY2021 hedging reserve, are retained.

The current five-year summary marks FY2022 Restated; original FY2022 statements have different profit/associate/equity figures. Both source versions are retained.

FY2024 chart profit and EPS are adjusted to exclude XIC attributable loss/impairment; they are not the reported FY2024 loss and EPS. SGD and USD chart series are kept separate.

FY2026 EPS uses profit attributable to ordinary shareholders after accrued perpetual bond distributions. Proposed final dividend is conditional as stated in the original calendar.

FY2021 discontinued-operation EPS is printed as0.25Singaporecent. The disclosed S$1,248thousand profit and484,046,682full-share denominator round directly to0.26cent; the original0.25is retained with this qualification. It also equals printed total6.55minus continuing6.30; the source calculation method is not assumed.

FY2023 Note45 records XIC merger accounting for LightEngine and restates Group comparatives. Historical original FY2022 statements and the latest restated summary are retained as distinct source versions.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.