ANNUAL REPORT 2025/2026
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| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSingapore dollars thousands | 179,817 | 174,850 | – | – | PDF p. 98 |
| Right-of-use assetSingapore dollars thousands | 40,729 | 39,766 | – | – | PDF p. 98 |
| Investment propertiesSingapore dollars thousands | 334,063 | 334,440 | – | – | PDF p. 98 |
| Investments in subsidiariesSingapore dollars thousands | – | – | 73,732 | 73,732 | PDF p. 98 |
| Deferred tax assetsSingapore dollars thousands | 15,518 | 16,086 | – | – | PDF p. 98 |
| SubtotalSingapore dollars thousands | 570,127 | 565,142 | 73,732 | 73,732 | PDF p. 98 |
| Current assets | |||||
| Completed properties for saleSingapore dollars thousands | – | 340 | – | – | PDF p. 98 |
| InventoriesSingapore dollars thousands | 432 | 350 | – | – | PDF p. 98 |
| Trade and other receivablesSingapore dollars thousands | 18,018 | 18,688 | 885,126 | 761,532 | PDF p. 98 |
| Tax recoverableSingapore dollars thousands | 828 | 3,827 | – | – | PDF p. 98 |
| Cash and bank balancesSingapore dollars thousands | 537,719 | 507,820 | 443 | 96,393 | PDF p. 98 |
| SubtotalSingapore dollars thousands | 556,997 | 531,025 | 885,569 | 857,925 | PDF p. 98 |
| Total assetsSingapore dollars thousands | 1,127,124 | 1,096,167 | 959,301 | 931,657 | PDF p. 98 |
| Current liabilities | |||||
| Trade and other payablesSingapore dollars thousands | 31,818 | 34,409 | 365 | 399 | PDF p. 98 |
| Current income tax liabilitiesSingapore dollars thousands | 2,347 | 3,250 | 1,705 | 2,574 | PDF p. 98 |
| Lease liabilitySingapore dollars thousands | 305 | 273 | – | – | PDF p. 98 |
| Derivative financial liabilitiesSingapore dollars thousands | – | 53 | – | – | PDF p. 98 |
| SubtotalSingapore dollars thousands | 34,470 | 37,985 | 2,070 | 2,973 | PDF p. 98 |
| Non-current liabilities | |||||
| Amounts due to subsidiariesSingapore dollars thousands | – | – | 253,923 | 232,353 | PDF p. 98 |
| Amounts due to non-controlling interestsSingapore dollars thousands | 171,390 | 174,695 | – | – | PDF p. 98 Label p. 98 |
| Lease liabilitySingapore dollars thousands | 46,668 | 44,725 | – | – | PDF p. 98 |
| Deferred tax liabilitiesSingapore dollars thousands | 12,251 | 11,965 | – | – | PDF p. 98 |
| SubtotalSingapore dollars thousands | 230,309 | 231,385 | 253,923 | 232,353 | PDF p. 98 |
| Total liabilitiesSingapore dollars thousands | 264,779 | 269,370 | 255,993 | 235,326 | PDF p. 98 |
| NET ASSETSSingapore dollars thousands | 862,345 | 826,797 | 703,308 | 696,331 | PDF p. 98 |
Original report: PDF p. 98 ↗
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| Metric / unit | 2026Group | 2025Group | 2026Company | 2025Company | Source |
|---|---|---|---|---|---|
| Equity attributable to owners | |||||
| of the Company Share capitalSingapore dollars thousands | 386,014 | 386,014 | 386,014 | 386,014 | PDF p. 99 Label p. 99 |
| Treasury sharesSingapore dollars thousands | (3,975) | (3,975) | (3,975) | (3,975) | PDF p. 99 |
| Retained profitsSingapore dollars thousands | 612,584 | 590,773 | 321,269 | 314,292 | PDF p. 99 |
| Other reservesSingapore dollars thousands | (90,137) | (97,690) | – | – | PDF p. 99 |
| SubtotalSingapore dollars thousands | 904,486 | 875,122 | 703,308 | 696,331 | PDF p. 99 |
| Non-controlling interestsSingapore dollars thousands | (42,141) | (48,325) | – | – | PDF p. 99 |
| TOTAL EQUITYSingapore dollars thousands | 862,345 | 826,797 | 703,308 | 696,331 | PDF p. 99 |
Original report: PDF p. 99 ↗
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| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Consolidated income — FY2026 source | |||
| RevenueSingapore dollars thousands | 148,816 | 148,406 | PDF p. 96 |
| Investment incomeSingapore dollars thousands | 12,337 | 16,376 | PDF p. 96 |
| Dividend incomeSingapore dollars thousands | – | 1 | PDF p. 96 |
| Gain on disposal of property, plant and equipmentSingapore dollars thousands | 1 | – | PDF p. 96 |
| Fair value changes on investment propertiesSingapore dollars thousands | 5,526 | (856) | PDF p. 96 |
| Other (loss)/gains (net)Singapore dollars thousands | (2,094) | 8,678 | PDF p. 96 |
| Expenses | |||
| Properties soldSingapore dollars thousands | (337) | (537) | PDF p. 96 |
| Consumables usedSingapore dollars thousands | (8,834) | (9,189) | PDF p. 96 |
| Staff costsSingapore dollars thousands | (48,602) | (52,207) | PDF p. 96 |
| Depreciation expenseSingapore dollars thousands | (7,614) | (8,683) | PDF p. 96 |
| Impairment loss on financial assetsSingapore dollars thousands | (14) | (100) | PDF p. 96 |
| Other operating expensesSingapore dollars thousands | (53,389) | (55,178) | PDF p. 96 |
| Finance costsSingapore dollars thousands | (5,468) | (6,195) | PDF p. 96 |
| Profit before taxSingapore dollars thousands | 40,328 | 40,516 | PDF p. 96 |
| Income tax expenseSingapore dollars thousands | (5,734) | (5,475) | PDF p. 96 |
| Profit for the yearSingapore dollars thousands | 34,594 | 35,041 | PDF p. 96 |
| Attributable to: Owners of the CompanySingapore dollars thousands | 29,229 | 32,790 | PDF p. 96 Label p. 96 |
| Non-controlling interestsSingapore dollars thousands | 5,365 | 2,251 | PDF p. 96 |
| SubtotalSingapore dollars thousands | 34,594 | 35,041 | PDF p. 96 |
Original report: PDF p. 96 ↗
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| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Company (cents per share): | |||
| Basic and dilutedSingapore cents per share | 1.97 | 2.21 | PDF p. 96 |
Original report: PDF p. 96 ↗
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| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Consolidated comprehensive income — FY2026 source | |||
| Profit for the yearSingapore dollars thousands | 34,594 | 35,041 | PDF p. 97 |
| Items that will not be reclassified to profit or loss: | |||
| Fair value loss on equity instruments at fair value through other comprehensive incomeSingapore dollars thousands | – | (7) | PDF p. 97 Label p. 97 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Exchange differences on consolidation of foreign subsidiariesSingapore dollars thousands | 5,871 | (5,697) | PDF p. 97 |
| Exchange differences on foreign currency loans forming part of net investment in foreign operationsSingapore dollars thousands | 2,501 | (3,246) | PDF p. 97 Label p. 97 |
| SubtotalSingapore dollars thousands | 8,372 | (8,943) | PDF p. 97 |
| Other comprehensive income/(loss) for the year, net of taxSingapore dollars thousands | 8,372 | (8,950) | PDF p. 97 |
| Total comprehensive income for the yearSingapore dollars thousands | 42,966 | 26,091 | PDF p. 97 |
| Attributable to: Owners of the CompanySingapore dollars thousands | 36,782 | 24,808 | PDF p. 97 Label p. 97 |
| Non-controlling interestsSingapore dollars thousands | 6,184 | 1,283 | PDF p. 97 |
| SubtotalSingapore dollars thousands | 42,966 | 26,091 | PDF p. 97 |
Original report: PDF p. 97 ↗
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| Metric / unit | 2026Group — Share capital | 2026Group — Treasury shares | 2026Group — Asset revaluation reserve | 2026Group — Fair value reserve | 2026Group — Foreign currency translation reserve | 2026Group — Retained profits | 2026Group — Non-controlling interests | 2026Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2026 source | |||||||||
| Balance at 1 April 2025Singapore dollars thousands | 386,014 | (3,975) | 3,300 | – | (100,990) | 590,773 | (48,325) | 826,797 | PDF p. 100 |
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | 29,229 | 5,365 | 34,594 | PDF p. 100 |
| Other comprehensive income for the yearSingapore dollars thousands | – | – | – | – | 7,553 | – | 819 | 8,372 | PDF p. 100 Label p. 100 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | 7,553 | 29,229 | 6,184 | 42,966 | PDF p. 100 Label p. 100 |
| Contributions by and distributions to owners | |||||||||
| Dividends on ordinary shares, representing total contributions by and distributions to ownersSingapore dollars thousands | – | – | – | – | – | (7,418) | – | (7,418) | PDF p. 100 Label p. 100 |
| Balance at 31 March 2026Singapore dollars thousands | 386,014 | (3,975) | 3,300 | – | (93,437) | 612,584 | (42,141) | 862,345 | PDF p. 100 |
Original report: PDF p. 100 ↗
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| Metric / unit | 2025Group — Share capital | 2025Group — Treasury shares | 2025Group — Asset revaluation reserve | 2025Group — Fair value reserve | 2025Group — Foreign currency translation reserve | 2025Group — Retained profits | 2025Group — Non-controlling interests | 2025Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Contributions by and distributions to owners | |||||||||
| Balance at 1 April 2024Singapore dollars thousands | 386,014 | (3,975) | 3,300 | 7 | (93,015) | 565,401 | (49,608) | 808,124 | PDF p. 100 |
| Profit for the yearSingapore dollars thousands | – | – | – | – | – | 32,790 | 2,251 | 35,041 | PDF p. 100 |
| Other comprehensive loss for the yearSingapore dollars thousands | – | – | – | (7) | (7,975) | – | (968) | (8,950) | PDF p. 100 Label p. 100 |
| Total comprehensive (loss)/ income for the yearSingapore dollars thousands | – | – | – | (7) | (7,975) | 32,790 | 1,283 | 26,091 | PDF p. 100 Label p. 100 |
| Dividends on ordinary shares, representing total contributions by and distributions to ownersSingapore dollars thousands | – | – | – | – | – | (7,418) | – | (7,418) | PDF p. 100 Label p. 100 |
| Balance at 31 March 2025Singapore dollars thousands | 386,014 | (3,975) | 3,300 | – | (100,990) | 590,773 | (48,325) | 826,797 | PDF p. 100 |
Original report: PDF p. 100 ↗
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| Metric / unit | 2026Company — Share capital | 2026Company — Treasury shares | 2026Company — Fair value reserve | 2026Company — Retained profits | 2026Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Company changes in equity — FY2026 source | ||||||
| Balance at 1 April 2025Singapore dollars thousands | 386,014 | (3,975) | – | 314,292 | 696,331 | PDF p. 101 |
| Profit for the year, representing total comprehensive profit for the yearSingapore dollars thousands | – | – | – | 14,395 | 14,395 | PDF p. 101 Label p. 101 |
| Contributions by and distribution to owners | ||||||
| Dividends on ordinary shares, representing total contributions by and distributions to ownersSingapore dollars thousands | – | – | – | (7,418) | (7,418) | PDF p. 101 Label p. 101 |
| Balance at 31 March 2026Singapore dollars thousands | 386,014 | (3,975) | – | 321,269 | 703,308 | PDF p. 101 |
Original report: PDF p. 101 ↗
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| Metric / unit | 2025Company — Share capital | 2025Company — Treasury shares | 2025Company — Fair value reserve | 2025Company — Retained profits | 2025Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Contributions by and distribution to owners | ||||||
| Balance at 1 April 2024Singapore dollars thousands | 386,014 | (3,975) | 7 | 179,657 | 561,703 | PDF p. 101 |
| Profit for the yearSingapore dollars thousands | – | – | – | 142,053 | 142,053 | PDF p. 101 |
| Other comprehensive loss for the yearSingapore dollars thousands | – | – | (7) | – | (7) | PDF p. 101 Label p. 101 |
| Total comprehensive (loss)/ income for the yearSingapore dollars thousands | – | – | (7) | 142,053 | 142,046 | PDF p. 101 Label p. 101 |
| Dividends on ordinary shares, representing total contributions by and distributions to ownersSingapore dollars thousands | – | – | – | (7,418) | (7,418) | PDF p. 101 Label p. 101 |
| Balance at 31 March 2025Singapore dollars thousands | 386,014 | (3,975) | – | 314,292 | 696,331 | PDF p. 101 |
Original report: PDF p. 101 ↗
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| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before taxSingapore dollars thousands | 40,328 | 40,516 | PDF p. 102 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 6,699 | 7,666 | PDF p. 102 |
| Depreciation of right-of-use assetSingapore dollars thousands | 915 | 1,017 | PDF p. 102 |
| Dividend incomeSingapore dollars thousands | – | (1) | PDF p. 102 |
| Fair value gain on investment securitiesSingapore dollars thousands | – | (13) | PDF p. 102 |
| Fair value changes on investment properties, netSingapore dollars thousands | (5,526) | 856 | PDF p. 102 |
| Gain on disposal of property, plant and equipmentSingapore dollars thousands | (1) | – | PDF p. 102 |
| Impairment loss on financial assetsSingapore dollars thousands | 14 | 100 | PDF p. 102 |
| Interest expenseSingapore dollars thousands | 5,468 | 6,195 | PDF p. 102 |
| Investment incomeSingapore dollars thousands | (12,337) | (16,376) | PDF p. 102 |
| Derivative financial liabilitiesSingapore dollars thousands | (53) | 53 | PDF p. 102 |
| Unrealised foreign exchange loss/(gain)Singapore dollars thousands | 1,446 | (2,250) | PDF p. 102 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 36,953 | 37,763 | PDF p. 102 Label p. 102 |
| Changes in working capital: | |||
| Trade and other receivablesSingapore dollars thousands | 2,438 | 842 | PDF p. 102 |
| InventoriesSingapore dollars thousands | (82) | 39 | PDF p. 102 |
| Completed properties for saleSingapore dollars thousands | 344 | 537 | PDF p. 102 |
| Trade and other payablesSingapore dollars thousands | (2,593) | 7,296 | PDF p. 102 |
| Cash flows from operationsSingapore dollars thousands | 37,060 | 46,477 | PDF p. 102 |
| Income tax paid, netSingapore dollars thousands | (2,638) | (5,730) | PDF p. 102 |
| Net cash flows from operating activitiesSingapore dollars thousands | 34,422 | 40,747 | PDF p. 102 |
Original report: PDF p. 102 ↗
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| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (3,439) | (3,562) | PDF p. 103 |
| Proceeds from disposal of investment securitiesSingapore dollars thousands | – | 27 | PDF p. 103 |
| Interest receivedSingapore dollars thousands | 10,555 | 18,497 | PDF p. 103 |
| Dividends receivedSingapore dollars thousands | – | 1 | PDF p. 103 |
| Movement in time depositsSingapore dollars thousands | (355,956) | 185,890 | PDF p. 103 |
| Net cash flows (used in)/from investing activitiesSingapore dollars thousands | (348,840) | 200,853 | PDF p. 103 |
| Cash flows from financing activities | |||
| Repayment of lease liability, netSingapore dollars thousands | (2,793) | (3,254) | PDF p. 103 |
| Repayment to non-controlling interestSingapore dollars thousands | (2,838) | (16,009) | PDF p. 103 |
| Dividends paidSingapore dollars thousands | (7,418) | (7,418) | PDF p. 103 |
| Receipt of loan granted to purchaser of investment property in Perth, AustraliaSingapore dollars thousands | – | 28,686 | PDF p. 103 Label p. 103 |
| Net cash flows (used in)/from financing activitiesSingapore dollars thousands | (13,049) | 2,005 | PDF p. 103 |
| Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands | (327,467) | 243,605 | PDF p. 103 |
| Cash and cash equivalents at beginning of financial yearSingapore dollars thousands | 363,095 | 120,946 | PDF p. 103 |
| Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | 1,410 | (1,456) | PDF p. 103 Label p. 103 |
| Cash and cash equivalents at end of financial yearSingapore dollars thousands | 37,038 | 363,095 | PDF p. 103 |
| Cash and bank balances comprise the following: Cash and cash equivalentsSingapore dollars thousands | 37,038 | 363,095 | PDF p. 103 Label p. 103 |
| Other short-term depositsSingapore dollars thousands | 500,681 | 144,725 | PDF p. 103 |
| SubtotalSingapore dollars thousands | 537,719 | 507,820 | PDF p. 103 |
Original report: PDF p. 103 ↗
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| Metric / unit | 2022Group — reported highlights | 2023Group — reported highlights | 2024Group — reported highlights | 2025Group — reported highlights | 2026Group — reported highlights | Source |
|---|---|---|---|---|---|---|
| Five-year highlights | ||||||
| RevenueSingapore dollars thousands | 160,695 | 151,782 | 156,989 | 148,406 | 148,816 | PDF p. 24 |
| Profit Attributable to ShareholdersSingapore dollars thousands | 31,874 | 152,443 | 5,948 | 32,790 | 29,226 | PDF p. 24 |
| Earnings per Share (cents)Singapore cents per share | 3.6 | 10.2 | 0.4 | 2.2 | 2.0 | PDF p. 24 |
| Dividend per Share (cents)Singapore cents per share | 0.5 | 1.5 | 0.5 | 0.5 | 0.5 | PDF p. 24 |
| Property, Plant & EquipmentSingapore dollars thousands | 331,280 | 191,604 | 185,654 | 174,850 | 179,817 | PDF p. 24 |
| Right-of-use AssetSingapore dollars thousands | 61,165 | 52,370 | 50,574 | 39,766 | 40,729 | PDF p. 24 |
| Investment PropertiesSingapore dollars thousands | 509,618 | 397,610 | 329,041 | 334,440 | 334,063 | PDF p. 24 |
| Investment SecuritiesSingapore dollars thousands | 10 | 8 | 8 | - | - | PDF p. 24 |
| Other ReceivablesSingapore dollars thousands | 36,083 | 31,067 | - | - | - | PDF p. 24 |
| Deferred Tax AssetsSingapore dollars thousands | 7,863 | 4,862 | 19,905 | 16,086 | 15,518 | PDF p. 24 |
| Current AssetsSingapore dollars thousands | 434,423 | 464,740 | 505,624 | 531,025 | 556,997 | PDF p. 24 |
| Total AssetsSingapore dollars thousands | 1,380,442 | 1,142,261 | 1,090,806 | 1,096,167 | 1,127,124 | PDF p. 24 |
| Current LiabilitiesSingapore dollars thousands | 423,522 | 43,502 | 28,840 | 37,985 | 34,470 | PDF p. 24 |
| Non-current LiabilitiesSingapore dollars thousands | 148,710 | 228,603 | 238,643 | 219,420 | 218,058 | PDF p. 24 |
| Deferred Tax LiabilitiesSingapore dollars thousands | 6,540 | 152 | 15,199 | 11,965 | 12,251 | PDF p. 24 |
| Total LiabilitiesSingapore dollars thousands | 578,772 | 272,257 | 282,682 | 269,370 | 264,779 | PDF p. 24 |
| Shareholders’ EquitySingapore dollars thousands | 801,670 | 870,004 | 808,124 | 826,797 | 862,345 | PDF p. 24 |
| Net Asset Value per Share (S$)Singapore dollars per share | 0.53 | 0.59 | 0.58 | 0.59 | 0.61 | PDF p. 24 |
Original report: PDF p. 24 ↗
The FY2026 highlights report profit attributable to shareholders of S$29,226 thousand, while the audited income and equity statements report S$29,229 thousand. Both original amounts are retained.
Five-year EPS highlights are rounded to one decimal place; primary EPS retains the printed two decimals.
The charts on page 25 show axis ticks without exact amounts at the data points. Return on equity and chart amounts are not inferred.
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| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| EPS calculation inputs — Note12 | |||
| Profit for the year attributable to owners of the CompanySingapore dollars thousands | 29,229 | 32,790 | PDF p. 129 |
| Weighted average number of ordinary shares for basic andthousand shares | 1,483,610 | 1,483,610 | PDF p. 129 |
Original report: PDF p. 129 ↗
Weighted average shares are expressly reported in thousands. No dilutive potential ordinary shares were outstanding.
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| Metric / unit | 2026Group and Company | 2025Group and Company | Source |
|---|---|---|---|
| Dividends — paid / proposed at year-end — Note28 | |||
| - Final and special tax exempt (one-tier) dividend paid forSingapore dollars thousands | 7,418 | 7,418 | PDF p. 144 |
| - Final tax exempt (one-tier) dividend for 2026 of 0.5 centSingapore dollars thousands | 7,418 | 7,418 | PDF p. 144 |
Original report: PDF p. 144 ↗
Dividends paid during FY2026 relate to FY2025; those paid during FY2025 relate to FY2024. Proposed dividends were not recognised as liabilities at the respective year-ends. Proposal status is reported as of the original annual report date. Each reported rate is 0.5 cent per share.
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| Metric / unit | 2025Group and Company — attributable dividend year | 2024Group and Company — attributable dividend year | Source |
|---|---|---|---|
| Dividends paid — original rate for attributable year | |||
| Dividends on ordinary sharesSingapore cents per share | 0.5 | 0.5 | PDF p. 144 |
Original report: PDF p. 144 ↗
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| Metric / unit | 2026Group and Company — attributable dividend year | 2025Group and Company — attributable dividend year | Source |
|---|---|---|---|
| Dividends proposed at respective year-end — original rate | |||
| Dividends on ordinary sharesSingapore cents per share | 0.5 | 0.5 | PDF p. 144 |
Original report: PDF p. 144 ↗
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| Metric / unit | 2025Group — Opening1April2025 | 2026Group — Financing cash outflows | 2026Group — Interest expense | 2026Group — Foreign exchange movement | 2026Group — Closing31March2026 | Source |
|---|---|---|---|---|---|---|
| Liabilities | ||||||
| Lease liabilitiesSingapore dollars thousands | 44,998 | (2,793) | 2,722 | 2,046 | 46,973 | PDF p. 104 |
| Amount due to non-controlling interestSingapore dollars thousands | 174,695 | (2,838) | 2,746 | (3,213) | 171,390 | PDF p. 104 Label p. 104 |
Original report: PDF p. 104 ↗
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| Metric / unit | 2024Group — Opening1April2024 | 2025Group — Financing cash outflows | 2025Group — Interest expense | 2025Group — Foreign exchange movement | 2025Group — Remeasurement of lease liability | 2025Group — Closing31March2025 | Source |
|---|---|---|---|---|---|---|---|
| Liabilities | |||||||
| Lease liabilitiesSingapore dollars thousands | 55,259 | (3,254) | 2,790 | (1,679) | (8,118) | 44,998 | PDF p. 104 |
| Amount due to non- controlling interestSingapore dollars thousands | 183,734 | (16,009) | 3,405 | 3,565 | – | 174,695 | PDF p. 104 Label p. 104 |
Original report: PDF p. 104 ↗
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| Metric / unit | 2024Group | 2023Group | 2024Company | 2023Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSingapore dollars thousands | 185,654 | 191,604 | – | – | PDF p. 104 |
| Right-of-use assetSingapore dollars thousands | 50,574 | 52,370 | – | – | PDF p. 104 |
| Investment propertiesSingapore dollars thousands | 329,041 | 397,610 | – | – | PDF p. 104 |
| Investments in subsidiariesSingapore dollars thousands | – | – | 63,620 | 125,701 | PDF p. 104 |
| Investment securitiesSingapore dollars thousands | 8 | 8 | 8 | 8 | PDF p. 104 |
| Deferred tax assetsSingapore dollars thousands | 19,905 | 4,862 | – | – | PDF p. 104 |
| Other receivablesSingapore dollars thousands | – | 31,067 | – | – | PDF p. 104 |
| SubtotalSingapore dollars thousands | 585,182 | 677,521 | 63,628 | 125,709 | PDF p. 104 |
| Current assets | |||||
| Completed properties for saleSingapore dollars thousands | 884 | 5,360 | – | – | PDF p. 104 |
| InventoriesSingapore dollars thousands | 389 | 364 | – | – | PDF p. 104 |
| Trade and other receivablesSingapore dollars thousands | 52,028 | 29,536 | 623,146 | 641,953 | PDF p. 104 |
| Tax recoverableSingapore dollars thousands | 743 | 18,980 | – | – | PDF p. 104 |
| Investment securitiesSingapore dollars thousands | 19 | 24 | 2 | 2 | PDF p. 104 |
| Cash and bank balancesSingapore dollars thousands | 451,561 | 410,476 | 119,971 | 67,079 | PDF p. 104 |
| SubtotalSingapore dollars thousands | 505,624 | 464,740 | 743,119 | 709,034 | PDF p. 104 |
| Total assetsSingapore dollars thousands | 1,090,806 | 1,142,261 | 806,747 | 834,743 | PDF p. 104 |
| Current liabilities | |||||
| Trade and other payablesSingapore dollars thousands | 27,552 | 33,586 | 528 | 334 | PDF p. 104 |
| Current income tax liabilitiesSingapore dollars thousands | 938 | 9,576 | 1,108 | 39,560 | PDF p. 104 |
| Lease liabilitySingapore dollars thousands | 350 | 335 | – | – | PDF p. 104 |
| Derivative fi nancial liabilitiesSingapore dollars thousands | – | 5 | – | – | PDF p. 104 |
| SubtotalSingapore dollars thousands | 28,840 | 43,502 | 1,636 | 39,894 | PDF p. 104 |
Original report: PDF p. 104 ↗
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| Metric / unit | 2024Group | 2023Group | 2024Company | 2023Company | Source |
|---|---|---|---|---|---|
| Non-current liabilities | |||||
| Amounts due to subsidiariesSingapore dollars thousands | – | – | 243,408 | 187,756 | PDF p. 105 |
| Amount due to non-controlling interestsSingapore dollars thousands | 183,734 | 172,733 | – | – | PDF p. 105 Label p. 105 |
| Lease liabilitySingapore dollars thousands | 54,909 | 55,870 | – | – | PDF p. 105 |
| Deferred tax liabilitiesSingapore dollars thousands | 15,199 | 152 | – | – | PDF p. 105 |
| SubtotalSingapore dollars thousands | 253,842 | 228,755 | 243,408 | 187,756 | PDF p. 105 |
| Total liabilitiesSingapore dollars thousands | 282,682 | 272,257 | 245,044 | 227,650 | PDF p. 105 |
| NET ASSETSSingapore dollars thousands | 808,124 | 870,004 | 561,703 | 607,093 | PDF p. 105 |
| Equity attributable to owners | |||||
| of the Company Share capitalSingapore dollars thousands | 386,014 | 386,014 | 386,014 | 386,014 | PDF p. 105 Label p. 105 |
| Treasury sharesSingapore dollars thousands | (3,975) | (364) | (3,975) | (364) | PDF p. 105 |
| Retained profi tsSingapore dollars thousands | 565,401 | 587,899 | 179,657 | 221,436 | PDF p. 105 |
| Other reservesSingapore dollars thousands | (89,708) | (86,580) | 7 | 7 | PDF p. 105 |
| SubtotalSingapore dollars thousands | 857,732 | 886,969 | 561,703 | 607,093 | PDF p. 105 |
| Non-controlling interestsSingapore dollars thousands | (49,608) | (16,965) | – | – | PDF p. 105 |
| TOTAL EQUITYSingapore dollars thousands | 808,124 | 870,004 | 561,703 | 607,093 | PDF p. 105 |
Original report: PDF p. 105 ↗
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| Metric / unit | 2024Group | 2023Group | Source |
|---|---|---|---|
| Consolidated income — FY2024 source | |||
| RevenueSingapore dollars thousands | 156,989 | 151,782 | PDF p. 102 |
| Interest incomeSingapore dollars thousands | 17,047 | 10,548 | PDF p. 102 |
| Dividend incomeSingapore dollars thousands | 1 | 1 | PDF p. 102 |
| (Loss)/gain on property, plant and equipmentSingapore dollars thousands | (1,597) | 218,611 | PDF p. 102 |
| Fair value changes on investment propertiesSingapore dollars thousands | (81,485) | (75,453) | PDF p. 102 |
| Other gains (net)Singapore dollars thousands | 17,412 | 22,414 | PDF p. 102 |
| Expenses | |||
| Properties soldSingapore dollars thousands | (4,443) | (2,523) | PDF p. 102 |
| Consumables usedSingapore dollars thousands | (9,452) | (7,961) | PDF p. 102 |
| Staff costsSingapore dollars thousands | (43,268) | (62,797) | PDF p. 102 |
| Depreciation expenseSingapore dollars thousands | (9,599) | (10,935) | PDF p. 102 |
| Impairment loss on fi nancial assetsSingapore dollars thousands | (4,554) | – | PDF p. 102 |
| Other operating expensesSingapore dollars thousands | (54,511) | (53,767) | PDF p. 102 |
| Finance costsSingapore dollars thousands | (7,975) | (16,514) | PDF p. 102 |
| (Loss)/profi t before taxSingapore dollars thousands | (25,435) | 173,406 | PDF p. 102 |
| Income tax expenseSingapore dollars thousands | (448) | (49,981) | PDF p. 102 |
| (Loss)/profi t for the yearSingapore dollars thousands | (25,883) | 123,425 | PDF p. 102 |
| Attributable to: Owners of the CompanySingapore dollars thousands | 5,948 | 152,443 | PDF p. 102 Label p. 102 |
| Non-controlling interestsSingapore dollars thousands | (31,831) | (29,018) | PDF p. 102 |
| SubtotalSingapore dollars thousands | (25,883) | 123,425 | PDF p. 102 |
Original report: PDF p. 102 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2023Group | Source |
|---|---|---|---|
| Earnings per share attributable to owners of the Company | |||
| (cents per share): Basic and dilutedSingapore cents per share | 0.40 | 10.23 | PDF p. 102 Label p. 102 |
Original report: PDF p. 102 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2023Group | Source |
|---|---|---|---|
| Consolidated comprehensive income — FY2024 source | |||
| (Loss)/profi t for the yearSingapore dollars thousands | (25,883) | 123,425 | PDF p. 103 |
| Items that will not be reclassifi ed to profi t or loss: | |||
| Fair value loss on equity instruments at fair value through other comprehensive incomeSingapore dollars thousands | – | (2) | PDF p. 103 Label p. 103 |
| Items that may be reclassifi ed subsequently to profi t or loss: | |||
| Exchange diff erences on consolidation of foreign subsidiariesSingapore dollars thousands | (5,409) | (46,731) | PDF p. 103 |
| Exchange diff erences on foreign currency loans forming part of net investment in foreign operationsSingapore dollars thousands | (4,586) | (3,347) | PDF p. 103 Label p. 103 |
| SubtotalSingapore dollars thousands | (9,995) | (50,078) | PDF p. 103 |
| Other comprehensive loss for the year, net of taxSingapore dollars thousands | (9,995) | (50,080) | PDF p. 103 |
| Total comprehensive (loss)/income for the yearSingapore dollars thousands | (35,878) | 73,345 | PDF p. 103 |
| Attributable to: Owners of the CompanySingapore dollars thousands | (3,235) | 103,080 | PDF p. 103 Label p. 103 |
| Non-controlling interestsSingapore dollars thousands | (32,643) | (29,735) | PDF p. 103 |
| SubtotalSingapore dollars thousands | (35,878) | 73,345 | PDF p. 103 |
Original report: PDF p. 103 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group — Share capital | 2024Group — Treasury shares | 2024Group — Asset revaluation reserve | 2024Group — Fair value reserve | 2024Group — Foreign currency translation reserve | 2024Group — Retained profits | 2024Group — Non-controlling interests | 2024Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2024 source | |||||||||
| Balance at 1 April 2023Singapore dollars thousands | 386,014 | (364) | 3,300 | 7 | (89,887) | 587,899 | (16,965) | 870,004 | PDF p. 106 |
| Profi t/(loss) for the yearSingapore dollars thousands | – | – | – | – | – | 5,948 | (31,831) | (25,883) | PDF p. 106 |
| Other comprehensive loss for the yearSingapore dollars thousands | – | – | – | – | (9,183) | – | (812) | (9,995) | PDF p. 106 |
| Total comprehensive (loss)/income for the yearSingapore dollars thousands | – | – | – | – | (9,183) | 5,948 | (32,643) | (35,878) | PDF p. 106 Label p. 106 |
| Contributions by and distributions to | |||||||||
| owners Purchase of treasury sharesSingapore dollars thousands | – | (3,611) | – | – | – | – | – | (3,611) | PDF p. 106 Label p. 106 |
| Dividends on ordinary sharesSingapore dollars thousands | – | – | – | – | – | (22,391) | – | (22,391) | PDF p. 106 |
| Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands | – | (3,611) | – | – | – | (22,391) | – | (26,002) | PDF p. 106 Label p. 106 |
| Transfer between reservesSingapore dollars thousands | – | – | – | – | 6,055 | (6,055) | – | – | PDF p. 106 |
| Balance at 31 March 2024Singapore dollars thousands | 386,014 | (3,975) | 3,300 | 7 | (93,015) | 565,401 | (49,608) | 808,124 | PDF p. 106 |
Original report: PDF p. 106 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — Share capital | 2023Group — Treasury shares | 2023Group — Asset revaluation reserve | 2023Group — Fair value reserve | 2023Group — Foreign currency translation reserve | 2023Group — Retained profits | 2023Group — Non-controlling interests | 2023Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Contributions by and distributions to | |||||||||
| Balance at 1 April 2022Singapore dollars thousands | 383,597 | (364) | 3,300 | 9 | (40,526) | 442,884 | 12,770 | 801,670 | PDF p. 106 |
| Profi t for the yearSingapore dollars thousands | – | – | – | – | – | 152,443 | (29,018) | 123,425 | PDF p. 106 |
| Other comprehensive loss for the yearSingapore dollars thousands | – | – | – | (2) | (49,361) | – | (717) | (50,080) | PDF p. 106 |
| Total comprehensive (loss)/income for the yearSingapore dollars thousands | – | – | – | (2) | (49,361) | 152,443 | (29,735) | 73,345 | PDF p. 106 Label p. 106 |
| owners Issuance of ordinary sharesSingapore dollars thousands | 2,417 | – | – | – | – | – | – | 2,417 | PDF p. 106 Label p. 106 |
| Dividends on ordinary sharesSingapore dollars thousands | – | – | – | – | – | (7,428) | – | (7,428) | PDF p. 106 |
| Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands | 2,417 | – | – | – | – | (7,428) | – | (5,011) | PDF p. 106 Label p. 106 |
| Balance at 31 March 2023Singapore dollars thousands | 386,014 | (364) | 3,300 | 7 | (89,887) | 587,899 | (16,965) | 870,004 | PDF p. 106 |
Original report: PDF p. 106 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company — Share capital | 2024Company — Treasury shares | 2024Company — Fair value reserve | 2024Company — Retained profits | 2024Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Company changes in equity — FY2024 source | ||||||
| Balance at 1 April 2023Singapore dollars thousands | 386,014 | (364) | 7 | 221,436 | 607,093 | PDF p. 107 |
| Loss for the yearSingapore dollars thousands | – | – | – | (19,388) | (19,388) | PDF p. 107 |
| Total comprehensive loss for the yearSingapore dollars thousands | – | – | – | (19,388) | (19,388) | PDF p. 107 Label p. 107 |
| Contributions by and distribution to owners | ||||||
| Purchase of treasury sharesSingapore dollars thousands | – | (3,611) | – | – | (3,611) | PDF p. 107 |
| Dividends on ordinary sharesSingapore dollars thousands | – | – | – | (22,391) | (22,391) | PDF p. 107 |
| Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands | – | (3,611) | – | (22,391) | (26,002) | PDF p. 107 Label p. 107 |
| Balance at 31 March 2024Singapore dollars thousands | 386,014 | (3,975) | 7 | 179,657 | 561,703 | PDF p. 107 |
Original report: PDF p. 107 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company — Share capital | 2023Company — Treasury shares | 2023Company — Fair value reserve | 2023Company — Retained profits | 2023Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Contributions by and distribution to owners | ||||||
| Balance at 1 April 2022Singapore dollars thousands | 383,597 | (364) | 9 | 154,818 | 538,060 | PDF p. 107 |
| Profi t for the yearSingapore dollars thousands | – | – | – | 74,046 | 74,046 | PDF p. 107 |
| Other comprehensive loss for the yearSingapore dollars thousands | – | – | (2) | – | (2) | PDF p. 107 Label p. 107 |
| Total comprehensive (loss)/ income for the yearSingapore dollars thousands | – | – | (2) | 74,046 | 74,044 | PDF p. 107 Label p. 107 |
| Issuance of ordinary shares under Scrip Dividend SchemeSingapore dollars thousands | 2,417 | – | – | – | 2,417 | PDF p. 107 Label p. 107 |
| Dividends on ordinary sharesSingapore dollars thousands | – | – | – | (7,428) | (7,428) | PDF p. 107 |
| Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands | 2,417 | – | – | (7,428) | (5,011) | PDF p. 107 Label p. 107 |
| Balance at 31 March 2023Singapore dollars thousands | 386,014 | (364) | 7 | 221,436 | 607,093 | PDF p. 107 |
Original report: PDF p. 107 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2023Group | Source |
|---|---|---|---|
| Cash fl ows from operating activities | |||
| (Loss)/profi t before taxSingapore dollars thousands | (25,435) | 173,406 | PDF p. 108 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 8,368 | 9,625 | PDF p. 108 |
| Depreciation of right-of-use assetSingapore dollars thousands | 1,231 | 1,310 | PDF p. 108 |
| Dividend incomeSingapore dollars thousands | (1) | (1) | PDF p. 108 |
| Fair value loss on investment securitiesSingapore dollars thousands | 5 | 137 | PDF p. 108 |
| Fair value changes on investment propertiesSingapore dollars thousands | 81,485 | 75,453 | PDF p. 108 |
| Gain on disposal of investment securitiesSingapore dollars thousands | – | (1,256) | PDF p. 108 |
| Loss/(gain) on property, plant and equipmentSingapore dollars thousands | 1,597 | (218,611) | PDF p. 108 |
| Gain on disposal of other assetsSingapore dollars thousands | – | (15,392) | PDF p. 108 |
| Impairment loss on fi nancial assetsSingapore dollars thousands | 4,554 | – | PDF p. 108 |
| Interest expenseSingapore dollars thousands | 7,975 | 16,514 | PDF p. 108 |
| Interest incomeSingapore dollars thousands | (17,047) | (10,548) | PDF p. 108 |
| Unrealised foreign exchange (gain)/lossSingapore dollars thousands | (15,374) | 2,189 | PDF p. 108 |
| Operating cash fl ows before changes in working capitalSingapore dollars thousands | 47,358 | 32,826 | PDF p. 108 |
| Changes in working capital: | |||
| Trade and other receivablesSingapore dollars thousands | 6,376 | (2,275) | PDF p. 108 |
| InventoriesSingapore dollars thousands | (25) | 23 | PDF p. 108 |
| Development properties for saleSingapore dollars thousands | – | 8,074 | PDF p. 108 |
| Completed properties for saleSingapore dollars thousands | 4,443 | 2,523 | PDF p. 108 |
| Trade and other payablesSingapore dollars thousands | 339 | (7,602) | PDF p. 108 |
| Derivative fi nancial liabilitiesSingapore dollars thousands | (5) | (169) | PDF p. 108 |
| Cash fl ows from operationsSingapore dollars thousands | 58,486 | 33,400 | PDF p. 108 |
| Income tax refunded/(paid), netSingapore dollars thousands | 9,379 | (68,513) | PDF p. 108 |
| Net cash fl ows from/(used in) operating activitiesSingapore dollars thousands | 67,865 | (35,113) | PDF p. 108 |
Original report: PDF p. 108 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2023Group | Source |
|---|---|---|---|
| Cash fl ows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (5,997) | (6,814) | PDF p. 109 |
| Purchase of investment securitiesSingapore dollars thousands | – | (19,375) | PDF p. 109 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars thousands | – | 313,104 | PDF p. 109 |
| Proceeds from disposal of other assetsSingapore dollars thousands | – | 15,437 | PDF p. 109 |
| Proceeds from disposal of investment securitiesSingapore dollars thousands | 1 | 30,762 | PDF p. 109 |
| Interest receivedSingapore dollars thousands | 14,692 | 8,908 | PDF p. 109 |
| Dividends receivedSingapore dollars thousands | 1 | 1 | PDF p. 109 |
| Movement in time depositsSingapore dollars thousands | (60,754) | 20,225 | PDF p. 109 |
| Net cash fl ows (used in)/from investing activitiesSingapore dollars thousands | (52,057) | 362,248 | PDF p. 109 |
| Cash fl ows from fi nancing activities | |||
| Repayment of lease liability, netSingapore dollars thousands | (9,404) | – | PDF p. 109 |
| Repayment of borrowingsSingapore dollars thousands | – | (344,696) | PDF p. 109 |
| Dividends paid, net of scrip dividendsSingapore dollars thousands | (22,391) | (5,011) | PDF p. 109 |
| Acquisition of treasury sharesSingapore dollars thousands | (3,413) | – | PDF p. 109 |
| Loan from non-controlling interestsSingapore dollars thousands | – | 93,494 | PDF p. 109 |
| Interest paidSingapore dollars thousands | – | (10,550) | PDF p. 109 |
| Net cash fl ows used in fi nancing activitiesSingapore dollars thousands | (35,208) | (266,763) | PDF p. 109 |
| Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands | (19,400) | 60,372 | PDF p. 109 |
| Cash and cash equivalents at beginning of fi nancial yearSingapore dollars thousands | 140,615 | 95,634 | PDF p. 109 |
| Eff ect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | (269) | (15,391) | PDF p. 109 |
| Cash and cash equivalents at end of fi nancial yearSingapore dollars thousands | 120,946 | 140,615 | PDF p. 109 |
| Cash and bank balances comprise the following: Cash and cash equivalentsSingapore dollars thousands | 120,946 | 140,615 | PDF p. 109 Label p. 109 |
| Other short-term depositsSingapore dollars thousands | 330,615 | 269,861 | PDF p. 109 |
| SubtotalSingapore dollars thousands | 451,561 | 410,476 | PDF p. 109 |
Original report: PDF p. 109 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSingapore dollars thousands | 331,280 | 343,271 | – | – | PDF p. 70 |
| Right-of-use assetSingapore dollars thousands | 61,165 | 63,269 | – | – | PDF p. 70 |
| Investment propertiesSingapore dollars thousands | 509,618 | 516,955 | – | – | PDF p. 70 |
| Investments in subsidiariesSingapore dollars thousands | – | – | 125,701 | 126,025 | PDF p. 70 |
| Investment securitiesSingapore dollars thousands | 10 | 10 | 10 | 10 | PDF p. 70 |
| Deferred tax assetsSingapore dollars thousands | 7,863 | 8,196 | – | – | PDF p. 70 |
| Other receivablesSingapore dollars thousands | 36,083 | 34,802 | – | – | PDF p. 70 |
| SubtotalSingapore dollars thousands | 946,019 | 966,503 | 125,711 | 126,035 | PDF p. 70 |
| Current assets | |||||
| Completed properties for saleSingapore dollars thousands | 8,835 | 12,788 | – | – | PDF p. 70 |
| Development properties for saleSingapore dollars thousands | 8,074 | 8,084 | – | – | PDF p. 70 |
| InventoriesSingapore dollars thousands | 387 | 428 | – | – | PDF p. 70 |
| Trade and other receivablesSingapore dollars thousands | 20,605 | 19,700 | 285,800 | 273,090 | PDF p. 70 |
| Tax recoverableSingapore dollars thousands | 510 | 3,170 | 67 | 67 | PDF p. 70 |
| Investment securitiesSingapore dollars thousands | 10,292 | 520 | 2 | 2 | PDF p. 70 |
| Cash and bank balancesSingapore dollars thousands | 385,720 | 113,032 | 241,322 | 983 | PDF p. 70 |
| SubtotalSingapore dollars thousands | 434,423 | 157,722 | 527,191 | 274,142 | PDF p. 70 |
| Total assetsSingapore dollars thousands | 1,380,442 | 1,124,225 | 652,902 | 400,177 | PDF p. 70 |
| Current liabilities | |||||
| Trade and other payablesSingapore dollars thousands | 37,714 | 29,020 | 322 | 336 | PDF p. 70 |
| Current income tax liabilitiesSingapore dollars thousands | 6,713 | 4,570 | – | – | PDF p. 70 |
| Bank borrowingsSingapore dollars thousands | 378,560 | 20,135 | – | – | PDF p. 70 |
| Lease liabilitySingapore dollars thousands | 361 | 345 | – | – | PDF p. 70 |
| Derivative fi nancial liabilitiesSingapore dollars thousands | 174 | 1,272 | – | 139 | PDF p. 70 |
| SubtotalSingapore dollars thousands | 423,522 | 55,342 | 322 | 475 | PDF p. 70 |
| Non-current liabilities | |||||
| Amounts due to subsidiariesSingapore dollars thousands | – | – | 114,520 | 100,890 | PDF p. 70 |
| Amount due to non-controlling interestsSingapore dollars thousands | 84,581 | 87,280 | – | – | PDF p. 70 Label p. 70 |
| Bank borrowingsSingapore dollars thousands | – | 379,319 | – | – | PDF p. 70 |
| Lease liabilitySingapore dollars thousands | 64,129 | 65,204 | – | – | PDF p. 70 |
| Deferred tax liabilitiesSingapore dollars thousands | 6,540 | 5,239 | – | – | PDF p. 70 |
| SubtotalSingapore dollars thousands | 155,250 | 537,042 | 114,520 | 100,890 | PDF p. 70 |
| Total liabilitiesSingapore dollars thousands | 578,772 | 592,384 | 114,842 | 101,365 | PDF p. 70 |
| NET ASSETSSingapore dollars thousands | 801,670 | 531,841 | 538,060 | 298,812 | PDF p. 70 |
Original report: PDF p. 70 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | 2022Company | 2021Company | Source |
|---|---|---|---|---|---|
| Equity attributable to owners of | |||||
| the Company Share capitalSingapore dollars thousands | 383,597 | 144,693 | 383,597 | 144,693 | PDF p. 71 Label p. 71 |
| Treasury sharesSingapore dollars thousands | (364) | (364) | (364) | (364) | PDF p. 71 |
| Retained profi tsSingapore dollars thousands | 442,884 | 414,920 | 154,818 | 154,474 | PDF p. 71 |
| Other reservesSingapore dollars thousands | (37,217) | (33,653) | 9 | 9 | PDF p. 71 |
| SubtotalSingapore dollars thousands | 788,900 | 525,596 | 538,060 | 298,812 | PDF p. 71 |
| Non-controlling interestsSingapore dollars thousands | 12,770 | 6,245 | – | – | PDF p. 71 |
| TOTAL EQUITYSingapore dollars thousands | 801,670 | 531,841 | 538,060 | 298,812 | PDF p. 71 |
Original report: PDF p. 71 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Consolidated income — FY2022 source | |||
| RevenueSingapore dollars thousands | 160,695 | 113,807 | PDF p. 68 |
| Interest incomeSingapore dollars thousands | 1,810 | 304 | PDF p. 68 |
| Dividend incomeSingapore dollars thousands | 21 | 65 | PDF p. 68 |
| Other gains/(losses) (net)Singapore dollars thousands | 9,373 | (6,659) | PDF p. 68 |
| Expenses | |||
| Properties soldSingapore dollars thousands | (3,755) | (6,913) | PDF p. 68 |
| Consumables usedSingapore dollars thousands | (9,443) | (6,903) | PDF p. 68 |
| Staff costsSingapore dollars thousands | (47,914) | (22,911) | PDF p. 68 |
| Depreciation expenseSingapore dollars thousands | (12,867) | (12,922) | PDF p. 68 |
| Other operating expensesSingapore dollars thousands | (36,081) | (30,564) | PDF p. 68 |
| Finance costsSingapore dollars thousands | (11,778) | (12,278) | PDF p. 68 |
| Profi t before taxSingapore dollars thousands | 50,061 | 15,026 | PDF p. 68 |
| Income tax expenseSingapore dollars thousands | (11,208) | (4,299) | PDF p. 68 |
| Profi t for the yearSingapore dollars thousands | 38,853 | 10,727 | PDF p. 68 |
| Attributable to: Owners of the CompanySingapore dollars thousands | 31,874 | 8,252 | PDF p. 68 Label p. 68 |
| Non-controlling interestsSingapore dollars thousands | 6,979 | 2,475 | PDF p. 68 |
| SubtotalSingapore dollars thousands | 38,853 | 10,727 | PDF p. 68 |
Original report: PDF p. 68 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Earnings per share attributable to owners of the Company | |||
| (cents per share): BasicSingapore cents per share | 3.56 | 1.01 | PDF p. 68 Label p. 68 |
| DilutedSingapore cents per share | 3.56 | 1.01 | PDF p. 68 |
Original report: PDF p. 68 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Consolidated comprehensive income — FY2022 source | |||
| Profi t for the yearSingapore dollars thousands | 38,853 | 10,727 | PDF p. 69 |
| Items that will not be reclassifi ed to profi t or loss: | |||
| Fair value loss on equity instruments at fair value through other comprehensive incomeSingapore dollars thousands | – | (396) | PDF p. 69 Label p. 69 |
| Items that may be reclassifi ed subsequently to profi t or loss: | |||
| Exchange diff erences on consolidation of foreign subsidiariesSingapore dollars thousands | (4,311) | 41,482 | PDF p. 69 |
| Exchange diff erences on foreign currency loans forming part of net investment in foreign operationsSingapore dollars thousands | 293 | 2,367 | PDF p. 69 Label p. 69 |
| SubtotalSingapore dollars thousands | (4,018) | 43,849 | PDF p. 69 |
| Other comprehensive income for the year, net of taxSingapore dollars thousands | (4,018) | 43,453 | PDF p. 69 |
| Total comprehensive income for the yearSingapore dollars thousands | 34,835 | 54,180 | PDF p. 69 |
| Attributable to: Owner of the CompanySingapore dollars thousands | 28,310 | 51,429 | PDF p. 69 Label p. 69 |
| Non-controlling interestsSingapore dollars thousands | 6,525 | 2,751 | PDF p. 69 |
| SubtotalSingapore dollars thousands | 34,835 | 54,180 | PDF p. 69 |
Original report: PDF p. 69 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Share capital | 2022Group — Treasury shares | 2022Group — Asset revaluation reserve | 2022Group — Fair value reserve | 2022Group — Foreign currency translation reserve | 2022Group — Retained profits | 2022Group — Non-controlling interests | 2022Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2022 source | |||||||||
| Balance at 1 April 2021Singapore dollars thousands | 144,693 | (364) | 3,300 | 9 | (36,962) | 414,920 | 6,245 | 531,841 | PDF p. 72 |
| Profi t for the yearSingapore dollars thousands | – | – | – | – | – | 31,874 | 6,979 | 38,853 | PDF p. 72 |
| Other comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (3,564) | – | (454) | (4,018) | PDF p. 72 Label p. 72 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | – | (3,564) | 31,874 | 6,525 | 34,835 | PDF p. 72 Label p. 72 |
| Contributions by and distributions to owners | |||||||||
| Issuance of ordinary sharesSingapore dollars thousands | 238,904 | – | – | – | – | – | – | 238,904 | PDF p. 72 |
| Dividends on ordinary sharesSingapore dollars thousands | – | – | – | – | – | (3,910) | – | (3,910) | PDF p. 72 |
| Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands | 238,904 | – | – | – | – | (3,910) | – | 234,994 | PDF p. 72 Label p. 72 |
| Balance at 31 March 2022Singapore dollars thousands | 383,597 | (364) | 3,300 | 9 | (40,526) | 442,884 | 12,770 | 801,670 | PDF p. 72 |
Original report: PDF p. 72 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Share capital | 2021Group — Treasury shares | 2021Group — Asset revaluation reserve | 2021Group — Fair value reserve | 2021Group — Foreign currency translation reserve | 2021Group — Retained profits | 2021Group — Non-controlling interests | 2021Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Contributions by and distributions to owners | |||||||||
| Balance at 1 April 2020Singapore dollars thousands | 144,693 | (39,634) | 3,300 | 405 | (80,535) | 450,223 | 3,494 | 481,946 | PDF p. 72 |
| Profi t for the yearSingapore dollars thousands | – | – | – | – | – | 8,252 | 2,475 | 10,727 | PDF p. 72 |
| Other comprehensive income for the yearSingapore dollars thousands | – | – | – | (396) | 43,573 | – | 276 | 43,453 | PDF p. 72 Label p. 72 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | – | (396) | 43,573 | 8,252 | 2,751 | 54,180 | PDF p. 72 Label p. 72 |
| Contributions by and distributions to | |||||||||
| owners Purchase of treasury sharesSingapore dollars thousands | – | (370) | – | – | – | – | – | (370) | PDF p. 72 Label p. 72 |
| Cancellation of treasury sharesSingapore dollars thousands | – | 39,640 | – | – | – | (39,640) | – | – | PDF p. 72 |
| Dividends on ordinary sharesSingapore dollars thousands | – | – | – | – | – | (3,915) | – | (3,915) | PDF p. 72 |
| Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands | – | 39,270 | – | – | – | (43,555) | – | (4,285) | PDF p. 72 Label p. 72 |
| Balance at 31 March 2021Singapore dollars thousands | 144,693 | (364) | 3,300 | 9 | (36,962) | 414,920 | 6,245 | 531,841 | PDF p. 72 |
Original report: PDF p. 72 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company — Share capital | 2022Company — Treasury shares | 2022Company — Fair value reserve | 2022Company — Retained profits | 2022Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Company changes in equity — FY2022 source | ||||||
| Balance at 1 April 2021Singapore dollars thousands | 144,693 | (364) | 9 | 154,474 | 298,812 | PDF p. 73 |
| Profi t for the yearSingapore dollars thousands | – | – | – | 4,254 | 4,254 | PDF p. 73 |
| Contributions by and distributions to owners | ||||||
| Issuance of ordinary sharesSingapore dollars thousands | 238,904 | – | – | – | 238,904 | PDF p. 73 |
| Dividends on ordinary sharesSingapore dollars thousands | – | – | – | (3,910) | (3,910) | PDF p. 73 |
| Total contributions by and distributions to owners,representing total transactions with owners in their capacity as ownersSingapore dollars thousands | 238,904 | – | – | (3,910) | 234,994 | PDF p. 73 Label p. 73 |
| Balance at 31 March 2022Singapore dollars thousands | 383,597 | (364) | 9 | 154,818 | 538,060 | PDF p. 73 |
Original report: PDF p. 73 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company — Share capital | 2021Company — Treasury shares | 2021Company — Fair value reserve | 2021Company — Retained profits | 2021Company — Total equity | Source |
|---|---|---|---|---|---|---|
| Contributions by and distributions to owners | ||||||
| Balance at 1 April 2020Singapore dollars thousands | 144,693 | (39,634) | 405 | 166,136 | 271,600 | PDF p. 73 |
| Profi t for the yearSingapore dollars thousands | – | – | – | 31,893 | 31,893 | PDF p. 73 |
| Other comprehensive income for the yearSingapore dollars thousands | – | – | (396) | – | (396) | PDF p. 73 |
| Total comprehensive income for the yearSingapore dollars thousands | – | – | (396) | 31,893 | 31,497 | PDF p. 73 |
| Purchase of treasury sharesSingapore dollars thousands | – | (370) | – | – | (370) | PDF p. 73 |
| Cancellation of treasury sharesSingapore dollars thousands | – | 39,640 | – | (39,640) | – | PDF p. 73 |
| Dividends on ordinary sharesSingapore dollars thousands | – | – | – | (3,915) | (3,915) | PDF p. 73 |
| Total contributions by and distributions to owners,representing total transactions with owners in their capacity as ownersSingapore dollars thousands | – | 39,270 | – | (43,555) | (4,285) | PDF p. 73 Label p. 73 |
| Balance at 31 March 2021Singapore dollars thousands | 144,693 | (364) | 9 | 154,474 | 298,812 | PDF p. 73 |
Original report: PDF p. 73 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Cash fl ows from operating activities | |||
| Profi t before taxSingapore dollars thousands | 50,061 | 15,026 | PDF p. 74 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 11,476 | 11,297 | PDF p. 74 |
| Depreciation of right-of-use assetSingapore dollars thousands | 1,391 | 1,625 | PDF p. 74 |
| Dividend incomeSingapore dollars thousands | (21) | (65) | PDF p. 74 |
| Fair value gain on investment propertySingapore dollars thousands | (12,467) | – | PDF p. 74 |
| Fair value (gain)/loss on investment securitiesSingapore dollars thousands | (402) | 91 | PDF p. 74 |
| Loss on disposal of property, plant and equipmentSingapore dollars thousands | 29 | 47 | PDF p. 74 |
| Gain on disposal of investment securitiesSingapore dollars thousands | – | (483) | PDF p. 74 |
| Interest expenseSingapore dollars thousands | 11,778 | 12,278 | PDF p. 74 |
| Interest incomeSingapore dollars thousands | (1,810) | (304) | PDF p. 74 |
| Loss on disposal of investment propertySingapore dollars thousands | – | 15,027 | PDF p. 74 |
| Unrealised foreign exchange loss/(gain)Singapore dollars thousands | 2,088 | (7,008) | PDF p. 74 |
| Operating cash fl ows before changes in working capitalSingapore dollars thousands | 62,123 | 47,531 | PDF p. 74 |
| Changes in working capital: | |||
| Trade and other receivablesSingapore dollars thousands | 1,211 | (7,381) | PDF p. 74 |
| InventoriesSingapore dollars thousands | 41 | 90 | PDF p. 74 |
| Completed properties for saleSingapore dollars thousands | 3,755 | 6,913 | PDF p. 74 |
| Trade and other payablesSingapore dollars thousands | 4,789 | (2,345) | PDF p. 74 |
| Derivative fi nancial (assets)/liabilitiesSingapore dollars thousands | (1,098) | 1,200 | PDF p. 74 |
| Cash fl ows from operationsSingapore dollars thousands | 70,821 | 46,008 | PDF p. 74 |
| Income tax paidSingapore dollars thousands | (6,983) | (723) | PDF p. 74 |
| Net cash fl ows from operating activitiesSingapore dollars thousands | 63,838 | 45,285 | PDF p. 74 |
| Cash fl ows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (2,759) | (7,304) | PDF p. 74 |
| Purchase of investment securitiesSingapore dollars thousands | (9,370) | – | PDF p. 74 |
| Proceeds from disposal of investment securitiesSingapore dollars thousands | – | 1,475 | PDF p. 74 |
| Proceeds from disposal of investment propertySingapore dollars thousands | – | 34,598 | PDF p. 74 |
| Interest receivedSingapore dollars thousands | 1,445 | 221 | PDF p. 74 |
| Dividends receivedSingapore dollars thousands | 21 | 65 | PDF p. 74 |
| Deposits pledgedSingapore dollars thousands | (389) | (3,647) | PDF p. 74 |
| Net cash fl ows (used in)/from investing activitiesSingapore dollars thousands | (11,052) | 25,408 | PDF p. 74 |
Original report: PDF p. 74 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group | 2021Group | Source |
|---|---|---|---|
| Cash fl ows from fi nancing activities | |||
| Proceeds from borrowingsSingapore dollars thousands | 14,000 | 14,831 | PDF p. 75 |
| Proceeds from issuance of ordinary shares, netSingapore dollars thousands | 238,904 | – | PDF p. 75 |
| Repayment of borrowingsSingapore dollars thousands | (22,599) | (23,773) | PDF p. 75 |
| Dividends paidSingapore dollars thousands | (3,910) | (3,915) | PDF p. 75 |
| Purchase of treasury sharesSingapore dollars thousands | – | (370) | PDF p. 75 |
| Interest paidSingapore dollars thousands | (5,310) | (5,264) | PDF p. 75 |
| Net cash fl ows from/(used in) fi nancing activitiesSingapore dollars thousands | 221,085 | (18,491) | PDF p. 75 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 273,871 | 52,202 | PDF p. 75 |
| Cash and cash equivalents at beginning of fi nancial yearSingapore dollars thousands | 112,643 | 55,313 | PDF p. 75 |
| Eff ect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands | (794) | 5,128 | PDF p. 75 |
| Cash and cash equivalents at end of fi nancial yearSingapore dollars thousands | 385,720 | 112,643 | PDF p. 75 |
Original report: PDF p. 75 ↗
Where the money comes from
| Item / unit | 2026Hotel Owning and Management | 2026Property Development | 2026Property Investment | 2026Trading | 2026Others | 2026Inter-segment Elimination | 2026Total | Source |
|---|---|---|---|---|---|---|---|---|
| REVENUE | ||||||||
| External revenue$’000 | 121,799 | 450 | 25,335 | 554 | 678 | – | 148,816 | PDF p. 146 |
| Inter-segment revenue$’000 | – | – | 446 | 15 | 10,507 | (10,968) | – | PDF p. 146 |
| RESULTS | ||||||||
| Profit/(loss) from operations$’000 | 29,807 | 65 | 18,433 | 43 | (10,712) | – | 37,636 | PDF p. 146 |
| Depreciation$’000 | (7,453) | – | – | – | (161) | – | (7,614) | PDF p. 146 |
| Investment income$’000 | 62 | 2 | 54 | 2 | 12,217 | – | 12,337 | PDF p. 146 |
| Finance costs$’000 | (2,722) | – | (2,746) | – | – | – | (5,468) | PDF p. 146 |
| Fair value gain on investment property$’000 | – | – | 5,526 | – | – | – | 5,526 | PDF p. 146 |
| Other (losses)/gains (net)$’000 | (2,860) | – | 52 | 12 | 707 | – | (2,089) | PDF p. 146 |
| Profit before tax$’000 | 16,834 | 67 | 21,319 | 57 | 2,051 | – | 40,328 | PDF p. 146 |
| ASSETS | ||||||||
| Segment assets$’000 | 222,860 | 7 | 354,358 | 880 | 532,673 | – | 1,110,778 | PDF p. 146 |
| Additions to non-current assets$’000 | 3,428 | – | – | – | 11 | – | 3,439 | PDF p. 146 |
| LIABILITIES | ||||||||
| Segment liabilities$’000 | (64,867) | (26) | (180,151) | (483) | (4,654) | – | (250,181) | PDF p. 146 |
Five reportable segments: Hotel owning and management; Property development; Property investment; Trading (a travel agency); Others (corporate services, treasury functions and investments in securities). Inter-segment revenues are eliminated on consolidation.
Income tax expense and Profit after tax are printed only in the Total column. Multi-line labels: 'Profit/(loss) from operations', 'Fair value gain on investment property', 'Additions to non-current assets' wrap across two lines; quotes use the line carrying the numbers.
| Item / unit | 2025Hotel Owning and Management | 2025Property Development | 2025Property Investment | 2025Trading | 2025Others | 2025Inter-segment Elimination | 2025Total | Source |
|---|---|---|---|---|---|---|---|---|
| REVENUE | ||||||||
| External revenue$’000 | 122,246 | 763 | 24,297 | 498 | 602 | – | 148,406 | PDF p. 147 |
| Inter-segment revenue$’000 | – | – | 446 | 22 | 12,421 | (12,889) | – | PDF p. 147 |
| RESULTS | ||||||||
| Profit/(loss) from operations$’000 | 24,315 | 33 | 18,657 | 90 | (11,900) | – | 31,195 | PDF p. 147 |
| Depreciation$’000 | (8,520) | – | – | (1) | (162) | – | (8,683) | PDF p. 147 |
| Investment income$’000 | 82 | 12 | 89 | 7 | 16,186 | – | 16,376 | PDF p. 147 |
| Dividend income$’000 | – | – | – | – | 1 | – | 1 | PDF p. 147 |
| Finance costs$’000 | (2,789) | – | (3,406) | – | – | – | (6,195) | PDF p. 147 |
| Fair value loss on investment property$’000 | – | – | (856) | – | – | – | (856) | PDF p. 147 |
| Other gains/(losses) (net)$’000 | 3,406 | 317 | (22) | (94) | 5,071 | – | 8,678 | PDF p. 147 |
| Profit before tax$’000 | 16,494 | 362 | 14,462 | 2 | 9,196 | – | 40,516 | PDF p. 147 |
| ASSETS | ||||||||
| Segment assets$’000 | 218,718 | 365 | 355,501 | 932 | 500,738 | – | 1,076,254 | PDF p. 147 |
| Additions to non-current assets$’000 | 3,479 | – | – | – | 83 | – | 3,562 | PDF p. 147 |
| LIABILITIES | ||||||||
| Segment liabilities$’000 | (63,719) | (38) | (183,722) | (451) | (6,225) | – | (254,155) | PDF p. 147 |
Comparative year ended 31 March 2025. Income tax expense and Profit after tax are printed only in the Total column. Multi-line labels wrap across two lines; quotes use the line carrying the numbers.
| Item / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Items added to segment assets | |||
| Deferred tax assets$’000 | 15,518 | 16,086 | PDF p. 148 |
| Tax recoverable$’000 | 828 | 3,827 | PDF p. 148 |
| Total (unlabelled)$’000 | 16,346 | 19,913 | PDF p. 148 |
The following items are added to segment assets to arrive at total assets reported in the consolidated balance sheet. The total row has no printed label.
| Item / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Items added to segment liabilities | |||
| Current income tax liabilities$’000 | 2,347 | 3,250 | PDF p. 148 |
| Deferred tax liabilities$’000 | 12,251 | 11,965 | PDF p. 148 |
| Total (unlabelled)$’000 | 14,598 | 15,215 | PDF p. 148 |
The following items are added to segment liabilities to arrive at total liabilities reported in the consolidated balance sheet. The total row has no printed label.
| Item / unit | 2026Revenue | 2025Revenue | 2026Non-current assets | 2025Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| Australia$’000 | 122,258 | 123,009 | 220,473 | 214,518 | PDF p. 148 |
| United Kingdom$’000 | 24,612 | 23,573 | 315,959 | 316,336 | PDF p. 148 |
| Singapore$’000 | 1,946 | 1,824 | 18,177 | 18,202 | PDF p. 148 |
| Total (unlabelled)$’000 | 148,816 | 148,406 | 554,609 | 549,056 | PDF p. 148 |
Revenue and non-current assets information based on geographical location of customers and assets. Non-current assets consist of property, plant and equipment, investment properties and right-of-use asset as presented in the consolidated balance sheet. The total row has no printed label.
Debt
| Item / unit | 2026carrying amount | 2026contractual cash flows total | 2026not later than 1 year | 2026between 1 and 5 years | 2026more than 5 years | 2025carrying amount | 2025contractual cash flows total | 2025not later than 1 year | 2025between 1 and 5 years | 2025more than 5 years | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||||
| Lease liability$'000 | 46,973 | 122,335 | 3,110 | 12,441 | 106,784 | 44,998 | 119,443 | 2,961 | 11,846 | 104,636 | PDF p. 152PDF p. 153 |
| Amounts due to non-controlling interests$'000 | 171,390 | 180,389 | 2,710 | 177,679 | – | 174,695 | 186,624 | 2,761 | 183,863 | – | PDF p. 152PDF p. 153 |
Based on contractual undiscounted repayment obligations. Total of all financial liabilities (incl. trade payables): 240,741 / 325,102 / 28,198 / 190,120 / 106,784.
Based on contractual undiscounted repayment obligations.
| Item / unit | 2026$'000 | 2025$'000 | Source |
|---|---|---|---|
| Lease liability | |||
| At the end of the financial year$'000 | 46,973 | 44,998 | PDF p. 141 |
| Lease liability presented as | |||
| Current$'000 | 305 | 273 | PDF p. 141 |
| Non-current$'000 | 46,668 | 44,725 | PDF p. 141 |
Note 22. Group has no bank borrowings printed; lease liability is the only interest-bearing borrowing-type item besides interest-bearing part of amounts due to non-controlling interests.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company has a written dividend policy. Each year, the Company will assess and determine the amount of dividend to be distributed. The Company’s dividend policy is to distribute a dividend of no less than half Singapore cent per share for each financial year, subject to and taking into account various factors outlined below as well as other factors deemed necessary by the Board: | Company policy | PDF p. 69 |
| Scrip Dividend Scheme | The Company announced the adoption of the Scrip Dividend Scheme on 8 July 2022. | Company | PDF p. 167 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Final tax exempt (one-tier) dividend for 2026 of 0.5 cent (2025 of 0.5 cent) per share | 0.5 cents per share | FY2026 proposed final, Group and Company; subject to shareholders' approval at AGM | PDF p. 144 |
| Final and special tax exempt (one-tier) dividend paid for 2025 of 0.5 cent (2024 of 0.5 cent) per share | 0.5 cents per share | FY2025 final and special dividend, paid in cash during FY2026, Group and Company | PDF p. 144 |
| Dividend per Share (cents) | 0.5 cents | FY2026 (columns FY2022 to FY2026: 0.5, 1.5, 0.5, 0.5, 0.5) | PDF p. 24 |
| Share Transfer Books and Register of Members closure | 11 August 2026 | Proposed FY2026 final dividend · As at 2026-08-11 | PDF p. 173 |
| Proposed final dividend payment date | 28 September 2026 | Proposed FY2026 final dividend, if approved · As at 2026-09-28 | PDF p. 173 |
Extracted from ANNUAL REPORT 2025/2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | Ernst & Young LLP | Group | PDF p. 95 |
| Engagement partner | Tan Seng Choon | Group | PDF p. 95 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”) so as to give a true and fair view | Group and Company | PDF p. 91 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Valuation of investment properties | The valuation of the investment properties is significant to our audit due to the magnitude of the carrying value as of 31 March 2026. | Group | PDF p. 92 |
Extracted from ANNUAL REPORT 2025/2026 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow ANNUAL REPORT 2025/2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Financial years end on 31 March. Primary monetary amounts are Singapore dollar thousands; EPS and dividend rates are Singapore cents per share. The report presents Group income, comprehensive income and cash flows, and Group / Company balance sheets and changes in equity. Separate Company income, comprehensive income and cash flow statements are not disclosed.
The FY2026 highlights report profit attributable to shareholders of S$29,226 thousand, while the audited income and equity statements report S$29,229 thousand. Both original amounts are retained.
Five-year EPS highlights are rounded to one decimal place; primary EPS retains the printed two decimals.
The charts on page 25 show axis ticks without exact amounts at the data points. Return on equity and chart amounts are not inferred.
The corporate structure on page 12 marks Stamford Auckland (1996) Limited and North Ryde Investments Limited as deregistered after year-end. The audited schedule marks North Ryde with the subsequent deregistration footnote, while Auckland carries the Nexia audit footnote. Both source disclosures are retained.
Bank capital and REIT distribution ratios are not applicable to the reported hotel and property business.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.