Goodwill GEH

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Financials

ANNUAL REPORT FINANCIAL YEAR ENDED 2025

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Statements of Financial Position (The Group and The Company)

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Statements of Financial Position (The Group and The Company) from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2025The Group	2024The Group	2025The Company	2024The Company	Source
Non-current Assets
Plant and equipmentS$	20,434,270	16,071,459	73,147	77,692	PDF p. 73
Right-of-use assetsS$	19,041,460	12,869,031	420,784	112,394	PDF p. 73
Intangible assetsS$	1,231	2,874	1,231	2,874	PDF p. 73
SubsidiariesS$	-	-	10,656,877	10,141,777	PDF p. 73
Deferred tax assetsS$	52,791	52,791	13,550	13,550	PDF p. 73
Long-term depositsS$	2,049,206	2,981,704	64,198	-	PDF p. 73
SubtotalS$	41,578,958	31,977,859	11,229,787	10,348,287	PDF p. 73
Current Assets
Trade and other receivablesS$	4,005,085	1,281,624	17,328,532	12,697,410	PDF p. 73
InventoriesS$	1,080,940	1,486,380	439,879	742,735	PDF p. 73
PrepaymentsS$	632,373	373,710	68,945	26,668	PDF p. 73
Cash and bank depositsS$	10,162,482	18,807,337	1,654,789	9,976,376	PDF p. 73
SubtotalS$	15,880,880	21,949,051	19,492,145	23,443,189	PDF p. 73
ASSETS
TOTAL ASSETSS$	57,459,838	53,926,910	30,721,932	33,791,476	PDF p. 73
Capital and Reserves
Share capitalS$	17,005,374	17,005,374	17,005,374	17,005,374	PDF p. 73
Treasury sharesS$	(836,913)	-	(836,913)	-	PDF p. 73
Other reservesS$	673,083	632,900	(55,237)	(102,314)	PDF p. 73
Retained earningsS$	1,155,893	2,465,263	189,483	1,893,215	PDF p. 73
Equity attributable to owners of the CompanyS$	17,997,437	20,103,537	16,302,707	18,796,275	PDF p. 73
Non-controlling interestsS$	2,329,015	2,170,344	-	-	PDF p. 73
TOTAL EQUITYS$	20,326,452	22,273,881	16,302,707	18,796,275	PDF p. 73
Non-current Liabilities
Deferred tax liabilitiesS$	697,326	372,950	-	-	PDF p. 73
Lease liabilitiesS$	13,438,413	7,188,463	294,066	65,247	PDF p. 73
BorrowingsS$	2,422,973	5,707,232	1,441,521	4,096,601	PDF p. 73
Provision for restoration costsS$	610,993	885,662	-	-	PDF p. 73
Derivative financial instrumentS$	55,237	102,314	55,237	102,314	PDF p. 73
SubtotalS$	17,224,942	14,256,621	1,790,824	4,264,162	PDF p. 73
Current Liabilities
Lease liabilitiesS$	6,905,391	6,668,907	156,587	49,275	PDF p. 73
BorrowingsS$	3,491,495	3,219,132	2,863,029	2,421,331	PDF p. 73
Provision for restoration costsS$	669,618	198,602	-	-	PDF p. 73
Trade and other payablesS$	7,904,698	6,313,420	9,587,251	8,227,470	PDF p. 73
Current tax payableS$	937,242	996,347	21,534	32,963	PDF p. 73
SubtotalS$	19,908,444	17,396,408	12,628,401	10,731,039	PDF p. 73
TOTAL LIABILITIESS$	37,133,386	31,653,029	14,419,225	14,995,201	PDF p. 73
EQUITY AND LIABILITIES
TOTAL EQUITY AND LIABILITIESS$	57,459,838	53,926,910	30,721,932	33,791,476	PDF p. 73

Definitions & sources

Original report: PDF p. 73 ↗

The annexed notes form an integral part of and should be read in conjunction with these financial statements.

Note column references omitted from values.

Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group)

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Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group) from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2025Group	2024Group	Source
Profit or loss
RevenueS$	50,789,547	52,986,588	PDF p. 74
Other incomeS$	1,026,288	789,087	PDF p. 74
Change in inventoriesS$	(405,440)	1,055,653	PDF p. 74
Purchases and related costsS$	(8,921,855)	(11,113,953)	PDF p. 74
Depreciation of plant and equipmentS$	(4,147,215)	(3,793,076)	PDF p. 74
Depreciation of right-of-use assetsS$	(7,452,297)	(6,107,809)	PDF p. 74
Staff costsS$	(16,753,306)	(14,204,423)	PDF p. 74
Lease expensesS$	(1,206,889)	(1,827,339)	PDF p. 74
Other operating expensesS$	(8,223,221)	(9,416,802)	PDF p. 74
Finance costsS$	(1,418,565)	(1,417,777)	PDF p. 74
Profit before taxationS$	3,287,047	6,950,149	PDF p. 74
TaxationS$	(1,192,798)	(1,391,618)	PDF p. 74
Profit for the yearS$	2,094,249	5,558,531	PDF p. 74
Other comprehensive income: Items that may be reclassified subsequently to profit or loss
Fair value gain/(loss) on derivative financial instrumentS$	47,077	(102,314)	PDF p. 74
Foreign currency translation differences on consolidationS$	(9,596)	3,771	PDF p. 74
Other comprehensive income
Other comprehensive gain/(loss) for the year, net of tax of nilS$	37,481	(98,543)	PDF p. 74
Total comprehensive income for the yearS$	2,131,730	5,459,988	PDF p. 74
Profit attributable to
Owners of the CompanyS$	1,690,630	4,409,817	PDF p. 74
Non-controlling interestsS$	403,619	1,148,714	PDF p. 74
SubtotalS$	2,094,249	5,558,531	PDF p. 74
Total comprehensive income attributable to
Owners of the CompanyS$	1,730,813	4,311,274	PDF p. 74
Non-controlling interestsS$	400,917	1,148,714	PDF p. 74
SubtotalS$	2,131,730	5,459,988	PDF p. 74
Earnings per share attributable to owners of the Company (Singapore cent)
- Basic and dilutedSingapore cent per share	0.42	1.22	PDF p. 74

Definitions & sources

Original report: PDF p. 74 ↗

The annexed notes form an integral part of and should be read in conjunction with these financial statements.

Earnings per share is stated in Singapore cent.

Note column references omitted from values.

Consolidated statement of cash flows (Group), FY2025 and FY2024

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Consolidated statement of cash flows (Group), FY2025 and FY2024 from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2025Group, year ended 31 December 2025 (S$)	2024Group, year ended 31 December 2024 (S$)	Source
Operating activities
Profit before taxationS$	3,287,047	6,950,149	PDF p. 77
Amortisation of intangible assetsS$	1,643	1,643	PDF p. 77
Bad debtsS$	847	19,669	PDF p. 77
Depreciation of plant and equipmentS$	4,147,215	3,793,076	PDF p. 77
Depreciation of right-of-use assetsS$	7,452,297	6,107,809	PDF p. 77
Gain on lease terminationS$	(2,874)	-	PDF p. 77
Impairment losses on right-of-use assetsS$	70,217	-	PDF p. 77
Interest expenseS$	1,418,565	1,417,777	PDF p. 77
Inventories written offS$	3,342	-	PDF p. 77
Plant and equipment written offS$	12,040	-	PDF p. 77
Operating profit before working capital changesS$	16,390,339	18,290,123	PDF p. 77
Changes in inventoriesS$	402,098	(1,055,653)	PDF p. 77
Changes in trade and other receivablesS$	(1,625,198)	425,094	PDF p. 77
Changes in prepaymentsS$	(163,710)	88,017	PDF p. 77
Changes in trade and other payablesS$	(516,692)	3,015,756	PDF p. 77
Changes in provision for restoration costsS$	-	139,685	PDF p. 77
Cash generated from operationsS$	14,486,837	20,903,022	PDF p. 77
Income taxes paidS$	(927,527)	(380,674)	PDF p. 77
Net cash generated from operating activitiesS$	13,559,310	20,522,348	PDF p. 77
Investing activities
Advances to a non-controlling interestS$	(246,000)	-	PDF p. 77
Advances repaid from related companiesS$	-	168,958	PDF p. 77
Asset-related government grantsS$	27,735	-	PDF p. 77
Purchase of plant and equipment and right-of-use assetsS$	(8,378,069)	(6,729,588)	PDF p. 77
Net cash used in investing activitiesS$	(8,596,334)	(6,560,630)	PDF p. 77
Financing activities
Acquisition of non-controlling interests in subsidiaries without change in controlS$	-	(205,000)	PDF p. 77
Advances from non-controlling interestsS$	1,870,995	22,541	PDF p. 77
Advances from/(repaid to) related partiesS$	62	(1,850,910)	PDF p. 77
Bank deposit pledgedS$	-	(450,000)	PDF p. 77
Capital contributions by non-controlling interests in subsidiariesS$	-	900,000	PDF p. 77
Dividends paid to owners of the CompanyS$	(3,000,000)	-	PDF p. 77
Dividends paid to non-controlling interestsS$	(1,029,000)	(1,070,000)	PDF p. 77
Incorporation of subsidiaries with non-controlling interestsS$	96,754	5,000	PDF p. 77
Interest paidS$	(1,366,850)	(1,372,587)	PDF p. 77
Payment of lease liabilitiesS$	(6,813,432)	(6,154,953)	PDF p. 77
Proceeds from borrowingsS$	-	7,384,000	PDF p. 77
Proceeds from issuance of ordinary sharesS$	-	8,500,000	PDF p. 77
Proceeds from issuance of preference sharesS$	480,000	-	PDF p. 77
Purchase of treasury sharesS$	(836,913)	-	PDF p. 77
Repayment of borrowingsS$	(3,011,896)	(3,615,279)	PDF p. 77
Share issuance costS$	-	(540,579)	PDF p. 77
Net cash (used in)/generated from financing activitiesS$	(13,610,280)	1,552,233	PDF p. 77
Net change in cash
Net (decrease)/increase in cash and cash equivalentsS$	(8,647,304)	15,513,951	PDF p. 77
Exchange differences on translation of cash and cash equivalentsS$	2,449	363	PDF p. 77
Cash and cash equivalents at beginning of yearS$	18,357,337	2,843,023	PDF p. 77
Cash and cash equivalents at end of yearS$	9,712,482	18,357,337	PDF p. 77

Definitions & sources

Original report: PDF p. 77 ↗

Note column numbers (e.g. 5, 23, 6(i)) are printed inside the row quotes and are not values. Page 77 is OCR text.

Note A (p78): 2025 cash payments of S$8,378,069 (2024: S$6,317,088) for plant and equipment and S$nil (2024: S$412,500) for right-of-use assets, total S$8,378,069 (2024: S$6,729,588). Non-cash additions to right-of-use assets of S$10,881,999 (2024: S$1,963,589).

Note B (pp78-79) reconciles liabilities arising from financing activities; not extracted row by row.

Cash and cash equivalents at end of year (9,712,482) differs from Cash and bank deposits of 10,162,482 on the balance sheet (Note 11).

Consolidated statement of profit or loss and other comprehensive income (Group), FY2025 and FY2024 - comprehensive income and attribution

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Consolidated statement of profit or loss and other comprehensive income (Group), FY2025 and FY2024 - comprehensive income and attribution from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2025Group, year ended 31 December 2025 (S$)	2024Group, year ended 31 December 2024 (S$)	Source
Statement of profit or loss and OCI
Profit for the yearS$	2,094,249	5,558,531	PDF p. 74
Other comprehensive income - items that may be reclassified
Fair value gain/(loss) on derivative financial instrumentS$	47,077	(102,314)	PDF p. 74
Foreign currency translation differences on consolidationS$	(9,596)	3,771	PDF p. 74
Other comprehensive income
Other comprehensive gain/(loss) for the year, net of tax of nilS$	37,481	(98,543)	PDF p. 74
Statement of profit or loss and OCI
Total comprehensive income for the yearS$	2,131,730	5,459,988	PDF p. 74
Profit attributable to
Owners of the CompanyS$	1,690,630	4,409,817	PDF p. 74
Non-controlling interestsS$	403,619	1,148,714	PDF p. 74
Total comprehensive income attributable to
Owners of the CompanyS$	1,730,813	4,311,274	PDF p. 74
Non-controlling interestsS$	400,917	1,148,714	PDF p. 74

Definitions & sources

Original report: PDF p. 74 ↗

Only the profit-to-comprehensive-income section is extracted (primary income lines were outside this stage's scope). Other comprehensive income is net of tax of nil. The Company has no separate comprehensive income statement in the report.

Consolidated statement of changes in equity (Group), year ended 31 December 2024

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Consolidated statement of changes in equity (Group), year ended 31 December 2024 from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2024Group, Share capital (S$)	2024Group, Capital reserve (S$)	2024Group, Foreign currency translation reserve (S$)	2024Group, Hedging reserve (S$)	2024Group, Retained earnings (S$)	2024Group, Equity attributable to owners of the Company (S$)	2024Group, Non-controlling interests (S$)	2024Group, Total equity (S$)	Source
Opening
Balance at 1 January 2024S$	8,895,953	760,314	7	-	(1,944,554)	7,711,720	442,752	8,154,472	PDF p. 75
Comprehensive income
Other comprehensive income/(loss) for the yearS$	-	-	3,771	(102,314)	-	(98,543)	-	(98,543)	PDF p. 75
Total comprehensive income/(loss) for the yearS$	-	-	3,771	(102,314)	4,409,817	4,311,274	1,148,714	5,459,988	PDF p. 75
Changes in ownership interests in subsidiaries
Acquisition of non-controlling interests without change in control (Note 6(i))S$	-	(28,878)	-	-	-	(28,878)	(176,122)	(205,000)	PDF p. 75
Capital contributions by non-controlling interest in a subsidiary (Note 6(iv))S$	-	-	-	-	-	-	1,800,000	1,800,000	PDF p. 75
Dividend by a subsidiary to a non-controlling interest (Note 6(viii))S$	-	-	-	-	-	-	(1,050,000)	(1,050,000)	PDF p. 75
Incorporation of subsidiaries with non-controlling interests (Note 6(ii))S$	-	-	-	-	-	-	5,000	5,000	PDF p. 75
Transactions with owners
Transactions with owners in their capacity as ownersS$	8,109,421	(28,878)	-	-	-	8,080,543	578,878	8,659,421	PDF p. 75
Closing
Balance at 31 December 2024S$	17,005,374	731,436	3,778	(102,314)	2,465,263	20,103,537	2,170,344	22,273,881	PDF p. 75

Definitions & sources

Original report: PDF p. 75 ↗

Page 75 text extraction is garbled (overlapping captions); only rows whose numbers could be quoted contiguously are given. Rows for 2024 'Issuance of ordinary shares (Note 12)' (8,650,000 share capital and total) and 'Share issuance costs (Note 12)' ((540,579)) are quoted only up to the first cells because the rest of the line is interleaved with header text; remaining cells were read from the same garbled line (dashes elsewhere). Subtotal of contributions by owners: share capital 8,109,421, equity attributable 8,109,421, total 8,109,421.

Column order: Share capital, Capital reserve, Foreign currency translation reserve, Hedging reserve, Retained earnings, Equity attributable to owners of the Company, Non-controlling interests, Total equity.

Consolidated statement of changes in equity (Group), year ended 31 December 2025

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Consolidated statement of changes in equity (Group), year ended 31 December 2025 from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2025Group, Share capital (S$)	2025Group, Treasury shares (S$)	2025Group, Capital reserve (S$)	2025Group, Foreign currency translation reserve (S$)	2025Group, Hedging reserve (S$)	2025Group, Retained earnings (S$)	2025Group, Equity attributable to owners of the Company (S$)	2025Group, Non-controlling interests (S$)	2025Group, Total equity (S$)	Source
Opening
Balance at 1 January 2025S$	17,005,374	-	731,436	3,778	(102,314)	2,465,263	20,103,537	2,170,344	22,273,881	PDF p. 76
Comprehensive income
Total comprehensive income/(loss) for the yearS$	-	-	-	(6,894)	47,077	1,690,630	1,730,813	400,917	2,131,730	PDF p. 76
Contributions by and distributions to owners
Purchase of treasury shares (Note 13)S$	-	(836,913)	-	-	-	-	(836,913)	-	(836,913)	PDF p. 76
Changes in ownership interests in subsidiaries
Dividend by a subsidiary to a non-controlling interest (Note 6(viii))S$	-	-	-	-	-	-	-	(819,000)	(819,000)	PDF p. 76
Incorporation of subsidiaries with non-controlling interests (Note 6(ii))S$	-	-	-	-	-	-	-	96,754	96,754	PDF p. 76
Issuance of preference shares (Note 6(vii))S$	-	-	-	-	-	-	-	480,000	480,000	PDF p. 76
Transactions with owners
Transactions with owners in their capacity as ownersS$	-	(836,913)	-	-	-	(3,000,000)	(3,836,913)	(242,246)	(4,079,159)	PDF p. 76
Closing
Balance at 31 December 2025S$	17,005,374	(836,913)	731,436	(3,116)	(55,237)	1,155,893	17,997,437	2,329,015	20,326,452	PDF p. 76

Definitions & sources

Original report: PDF p. 76 ↗

Page 76 text extraction is garbled in places; 'Profit for the year', 'Other comprehensive (loss)/income for the year' and 'Dividends (Note 33)' quotes are partial where the line is interleaved with header text. Dividends (Note 33): retained earnings (3,000,000), equity attributable (3,000,000), total (3,000,000), read from the same garbled line.

Column order: Share capital, Treasury shares, Capital reserve, Foreign currency translation reserve, Hedging reserve, Retained earnings, Equity attributable to owners of the Company, Non-controlling interests, Total equity.

Financial Highlights (five-year-style summary, three years FY2023–FY2025)

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Financial Highlights (five-year-style summary, three years FY2023–FY2025) from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2023Group, FY2023	2024Group, FY2024	2025Group, FY2025	Source
Financial Results
Revenue (S$'000)S$'000	23,931	52,987	50,790	PDF p. 7
Profit Attributable to The Shareholders (S$'000)S$'000	2,904	4,410	1,691	PDF p. 7
Basic Earnings Per Share (Cents)(2)cents	1.22	1.32	0.42	PDF p. 7
Financial Position
Total Equity Attributable to The Shareholders(3)S$'000	7,711	20,103	17,997	PDF p. 7
Net Assets Value Per Share (Cents)(3)cents	2.16	5.03	4.55	PDF p. 7

Definitions & sources

Original report: PDF p. 7 ↗

(1) Net Asset and Total Equity are including non-controlling interests.

(2) Earnings per Share is calculated based on Profit Attributable to the Shareholders divided by weighted average number of ordinary shares (excluding the effect of treasury shares acquired) of 398,628,728.

(3) Net Asset value Per Shares is calculated based on Total Equity Attributable to the Shareholders (excluding non-controlling interests) divided by total number of ordinary shares (excluding treasury shares acquired) of 395,162,600 (2024: 400,000,000; 2023: 356,750,000)

Printed FY2024 basic EPS 1.32 differs from 1.22 printed for 2024 in the audited income statement (p.74); FY2023 printed as 1.22. Reported as printed; the unit unit label 'S$'000' for equity row is taken from the table's chart headers/context (row itself has no unit).

Earnings per share (Note 26) and income statement EPS

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Earnings per share (Note 26) and income statement EPS from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2025Group, FY2025	2024Group, FY2024	Source
Income statement
Earnings per share attributable to owners of the Company (Singapore cent) - Basic and dilutedSingapore cent	0.42	1.22	PDF p. 74
Note 26
Profit attributable to ordinary shareholdersS$	1,690,630	4,409,817	PDF p. 118
Note 26 weighted average shares
Issued ordinary shares at beginning of yearshares	400,000,000	356,750,000	PDF p. 118
Effect of ordinary shares issued during the yearshares	-	5,435,792	PDF p. 118
Effect of treasury shares acquired during the yearshares	(1,371,272)	-	PDF p. 118
Weighted average number of ordinary sharesshares	398,628,728	362,185,792	PDF p. 118

Definitions & sources

Original report: PDF p. 74 ↗ PDF p. 118 ↗

The weighted average number of ordinary shares outstanding during the financial year ended 31 December 2024 was adjusted for the effect of the sub-division of ordinary shares, as disclosed in Note 12 to the financial statements.

The diluted earnings per share is the same as the basic earnings per share as the Group does not have dilutive potential ordinary shares during the financial years ended 31 December 2025 and 31 December 2024.

Capital management – gearing ratio (Note 32)

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Capital management – gearing ratio (Note 32) from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Net debt
Lease liabilities (Note 15)S$	20,343,804	13,857,370	450,653	114,522	PDF p. 129
Borrowings (Note 16)S$	5,914,468	8,926,364	4,304,550	6,517,932	PDF p. 129
Trade and other payables (Note 19)S$	7,904,698	6,313,420	9,587,251	8,227,470	PDF p. 129
Total debtS$	34,162,970	29,097,154	14,342,454	14,859,924	PDF p. 129
Less: Cash and bank deposits (Note 11)S$	(10,162,482)	(18,807,337)	(1,654,789)	(9,976,376)	PDF p. 129
Net debtS$	24,000,488	10,289,817	12,687,665	4,883,548	PDF p. 129
Capital
Equity attributable to owners of the CompanyS$	17,997,437	20,103,537	16,302,707	18,796,275	PDF p. 129
Total capital and net debtS$	42,477,925	30,393,354	28,990,372	23,679,823	PDF p. 129
Ratio
Gearing ratio%	57	34	44	21	PDF p. 129

Definitions & sources

Original report: PDF p. 129 ↗

The Group and the Company monitor capital using a gearing ratio, which is net debt divided by total capital plus net debt. Net debt comprises lease liabilities, borrowings and trade and other payables, less cash and bank deposits. Total capital represents equity attributable to owners of the Company.

OCR header printed as 'The Group 2025 S$ | The Company 2024 S$ | The Company 2025 S$ | The Company 2024 S$'; the second column is evidently Group 2024 (values match Group 2024 balances). Column assignment inferred from this.

The Group and the Company currently do not adopt any formal dividend policy.

Dividends (Note 33)

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Dividends (Note 33) from ANNUAL REPORT FINANCIAL YEAR ENDED 2025
Metric / unit	2025Group and Company, dividends paid in FY2025	2024Group and Company, dividends paid in FY2024	Source
Dividends
Final tax-exempt (one-tier) dividend of $S$0.0075 per share in respect of the previous financial yearS$	3,000,000	-	PDF p. 129

Definitions & sources

Original report: PDF p. 129 ↗

Dividend per share printed as S$0.0075 (tax-exempt one-tier final, in respect of previous financial year FY2024, paid April 2025 per p.19 review). No dividend per share proposed for FY2025 was located in pages read.

Where the money comes from

Segment information

By business

Reconciliation of segment amounts to financial statements 12 lines

Reconciliation of segment amounts to financial statements — Group
Item / unit	2025S$	2024S$	Source
Revenue
Total revenue for reportable segmentsS$	50,789,547	52,986,588	PDF p. 121
Consolidated revenueS$	50,789,547	52,986,588	PDF p. 121
Profit or loss before taxation
Total profit before taxation for reportable segmentsS$	3,804,431	8,590,355	PDF p. 121
Other corporate expensesS$	(517,384)	(1,640,206)	PDF p. 121
Consolidated profit before taxationS$	3,287,047	6,950,149	PDF p. 121
Assets
Total assets for reportable segmentsS$	57,407,047	53,874,119	PDF p. 121
Other unallocated assetsS$	52,791	52,791	PDF p. 121
Consolidated total assetsS$	57,459,838	53,926,910	PDF p. 121
Liabilities
Total liabilities for reportable segmentsS$	28,242,623	21,255,054	PDF p. 121
Unallocated borrowingsS$	5,914,468	8,926,364	PDF p. 121
Other unallocated liabilitiesS$	2,976,295	1,471,611	PDF p. 121
Consolidated total liabilitiesS$	37,133,386	31,653,029	PDF p. 121

Notes

Segment-to-consolidated reconciliation. Income taxes are not allocated to operating segments. Segment profit or loss is before taxation and unallocated expenses.

By geography

Geographical information - Non-current assets 3 lines

Geographical information - Non-current assets — Group non-current assets by geographical area
Item / unit	2025S$	2024S$	Source
Principal markets
SingaporeS$	27,506,284	28,854,356	PDF p. 121
MalaysiaS$	11,970,677	89,008	PDF p. 121
Total (unlabelled)S$	39,476,961	28,943,364	PDF p. 121

Notes

The Group's revenue arises from external customers located in Singapore. Non-current assets comprise plant and equipment, right-of-use assets and intangible assets, and exclude deferred tax assets and long-term deposits. Non-current assets are shown by the geographical area in which the assets are located.

Total row has no printed label.

No single customer accounted for ten percent or more of the Group's total revenue.

Debt

Borrowings

Lease liabilities - undiscounted lease payments maturity

Lease liabilities - undiscounted lease payments maturity
Item / unit	2025The Group, S$	2024The Group, S$	2025The Company, S$	2024The Company, S$	Source
Undiscounted lease payments due
- Year 1S$	7,915,753	7,243,283	176,049	54,000	PDF p. 111
- Year 2S$	4,971,160	4,824,117	176,049	54,000	PDF p. 111
- Year 3S$	3,840,921	1,740,659	132,037	13,500	PDF p. 111
- Year 4S$	2,143,400	1,004,534	-	-	PDF p. 111
- Year 5S$	2,143,264	-	-	-	PDF p. 111
- Year 6 and onwardsS$	1,650,506	-	-	-	PDF p. 111
Less: Unearned interest costS$	(2,321,200)	(955,223)	(33,482)	(6,978)	PDF p. 111
Represented by
- Non-currentS$	13,438,413	7,188,463	294,066	65,247	PDF p. 111
- CurrentS$	6,905,391	6,668,907	156,587	49,275	PDF p. 111

Notes

Total undiscounted payments 22,665,004 / 14,812,593 / 484,135 / 121,500; present value total 20,343,804 / 13,857,370 / 450,653 / 114,522 (unlabelled subtotal rows).

The lease liabilities relate to the Group's and the Company's outlets, leasehold properties and motor vehicle, which are secured by the lessors' title to the leased assets.

Liquidity risk - contractual undiscounted cash flow maturity

Liquidity risk - contractual undiscounted cash flow maturity — The Group
Item / unit	2025Carrying amount S$	2025Contractual undiscounted cash flows S$	2025Less than 1 year S$	2025Between 1 and 5 years S$	2025More than 5 years S$	Source
Group 2025
Lease liabilities (Note 15)S$	20,343,804	22,665,004	7,915,753	13,098,745	1,650,506	PDF p. 124
Borrowings (Note 16)S$	5,914,468	6,343,264	3,754,280	2,588,984	-	PDF p. 124
Group 2024
Lease liabilities (Note 15)S$	13,857,370	14,812,593	7,243,283	7,569,310	-	PDF p. 124
Borrowings (Note 16)S$	8,926,364	9,835,162	3,704,851	6,130,311	-	PDF p. 124

Notes

Column year applies to 2025 rows; 2024 rows are labelled in section as Group 2024 (same column structure).

Liquidity risk - contractual undiscounted cash flow maturity (Company)

Liquidity risk - contractual undiscounted cash flow maturity (Company) — The Company
Item / unit	2025Carrying amount S$	2025Contractual undiscounted cash flows S$	2025Less than 1 year S$	2025Between 1 and 5 years S$	2025More than 5 years S$	Source
Company 2025
Lease liabilities (Note 15)S$	450,653	484,135	176,049	308,086	-	PDF p. 124
Borrowings (Note 16)S$	4,304,550	4,555,360	3,045,186	1,510,174	-	PDF p. 124
Company 2024
Lease liabilities (Note 15)S$	114,522	121,500	54,000	67,500	-	PDF p. 124
Borrowings (Note 16)S$	6,517,932	7,084,523	2,751,500	4,333,023	-	PDF p. 124

Notes

2024 rows are labelled in section as Company 2024 (same column structure).

Borrowing notes 2 tables

Lease liabilities by currency

Lease liabilities by currency
Item / unit	2025The Group, S$	2024The Group, S$	2025The Company, S$	2024The Company, S$	Source
Lease liabilities denominated currencies
Singapore dollarS$	13,901,656	13,845,906	450,653	114,522	PDF p. 112
Malaysian ringgitS$	6,442,148	11,464	-	-	PDF p. 112

Notes

Totals 20,343,804 / 13,857,370 / 450,653 / 114,522.

Borrowings

Borrowings
Item / unit	2025The Group, S$	2024The Group, S$	2025The Company, S$	2024The Company, S$	Source
Non-current
Bank loansS$	2,422,973	5,707,232	1,441,521	4,096,601	PDF p. 112
Current
Bank loansS$	3,491,495	3,219,132	2,863,029	2,421,331	PDF p. 112
Total
Total borrowings (unlabelled subtotal)S$	5,914,468	8,926,364	4,304,550	6,517,932	PDF p. 112

Notes

The bank loans are secured by corporate guarantees from the Company or certain subsidiaries, personal guarantees from the Executive Director and Chief Executive Officer of the Company, and/or a bank deposit of the Group and the Company (Note 11).

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Provision 11.6	The Company does not have a specific dividend policy.	Company, FY2025	PDF p. 57

Dividends declared and proposed

Item	Value	Period / scope	Source
The Board has not recommended any dividend for FY2025	The Board has not recommended any dividend for FY2025	Company, FY2025	PDF p. 57
Final Dividend payment date	9 May 2025	Final dividend in respect of FY2024	PDF p. 12

Extracted from ANNUAL REPORT FINANCIAL YEAR ENDED 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Auditor	Foo Kon Tan LLP	Group and Company, FY2025	PDF p. 72
Engagement partner	Cheong Wenjie	Group and Company, FY2025	PDF p. 72
Opinion	the accompanying financial statements are properly drawn up in accordance with the provisions of the Companies Act 1967	Group and Company, FY2025	PDF p. 69

Going concern

Item	Value	Period / scope	Source
Going concern	there is no material uncertainty that may cast significant doubt on the Group’s and the Company’s ability to continue as going concern	Group and Company, 31 December 2025	PDF p. 81

Extracted from ANNUAL REPORT FINANCIAL YEAR ENDED 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

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

Comparative figures follow ANNUAL REPORT FINANCIAL YEAR ENDED 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

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