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Financials

ISDN Holdings Annual Report 2025

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15 tables

Consolidated Statement of Comprehensive Income

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Consolidated Statement of Comprehensive Income from ISDN Holdings Annual Report 2025
Metric / unit 2025Group2024Group Source
Financial statements
RevenueSGD thousand 440,181372,443 PDF p. 164
Cost of salesSGD thousand (334,969)(277,528) PDF p. 164
Gross profitSGD thousand 105,21294,915 PDF p. 164
Other operating incomeSGD thousand 3,8314,224 PDF p. 164
Distribution costsSGD thousand (32,792)(29,773) PDF p. 164
Administrative expensesSGD thousand (41,814)(41,764) PDF p. 164
Net impairment losses on financial assetsSGD thousand (135)(76) PDF p. 164
Other operating expensesSGD thousand (7,707)(1,788) PDF p. 164
Finance costsSGD thousand (5,253)(5,468) PDF p. 164
Share of loss of associates, netSGD thousand (269)(616) PDF p. 164
Profit before income taxSGD thousand 21,07319,654 PDF p. 164
Income taxSGD thousand (7,491)(5,689) PDF p. 164
Profit for the yearSGD thousand 13,58213,965 PDF p. 164
Net fair value changes on cash flow hedgeSGD thousand 9(26) PDF p. 164
Fair value loss recognised on financial asset at fair value through other comprehensive incomeSGD thousand (555)(345) PDF p. 164
Exchange differences on translationSGD thousand (2,621)680 PDF p. 164
Total comprehensive income for the yearSGD thousand 10,41514,274 PDF p. 164
Equity holders of the Company — profitSGD thousand 6,7568,522 PDF p. 164
Non-controlling interests — profitSGD thousand 6,8265,443 PDF p. 164
SubtotalSGD thousand 13,58213,965 PDF p. 164
Equity holders of the Company — comprehensive incomeSGD thousand 4,1318,546 PDF p. 164
Non-controlling interests — comprehensive incomeSGD thousand 6,2845,728 PDF p. 164
SubtotalSGD thousand 10,41514,274 PDF p. 164
Basic earnings per shareSingapore cents per share 1.501.91 PDF p. 164
Diluted earnings per shareSingapore cents per share 1.501.91 PDF p. 164
Definitions & sources

Original report: PDF p. 164 ↗

Consolidated Statement of Financial Position

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Consolidated Statement of Financial Position from ISDN Holdings Annual Report 2025
Metric / unit 2025Group2024Group Source
Financial statements
Property, plant and equipmentSGD thousand 65,98065,758 PDF p. 165
Investment propertiesSGD thousand 363381 PDF p. 165
Land use rightsSGD thousand 1,8441,009 PDF p. 165
GoodwillSGD thousand 15,73212,911 PDF p. 165
AssociatesSGD thousand 6,4216,746 PDF p. 165
Service concession receivables — non-currentSGD thousand 123,93081,654 PDF p. 165
Other financial assetsSGD thousand -555 PDF p. 165
Deferred tax assetsSGD thousand 379381 PDF p. 165
Total non-current assetsSGD thousand 214,649169,395 PDF p. 165
InventoriesSGD thousand 65,59967,411 PDF p. 165
Trade and other receivables and contract assetsSGD thousand 108,399119,455 PDF p. 165
Service concession receivables — currentSGD thousand 2,9932,993 PDF p. 165
Cash and bank balancesSGD thousand 68,12256,519 PDF p. 165
Total current assetsSGD thousand 245,113246,378 PDF p. 165
Total assetsSGD thousand 459,762415,773 PDF p. 165
Share capitalSGD thousand 86,83385,467 PDF p. 165
ReservesSGD thousand 123,075121,264 PDF p. 165
SubtotalSGD thousand 209,908206,731 PDF p. 165
Non-controlling interestsSGD thousand 43,55540,481 PDF p. 165
Total equitySGD thousand 253,463247,212 PDF p. 165
Bank borrowings — non-currentSGD thousand 44,03148,884 PDF p. 165
Lease liabilities — non-currentSGD thousand 5,4045,915 PDF p. 165
Deferred tax liabilitiesSGD thousand 531588 PDF p. 165
Total non-current liabilitiesSGD thousand 49,96655,387 PDF p. 165
Bank borrowings — currentSGD thousand 32,62521,227 PDF p. 165
Lease liabilities — currentSGD thousand 2,0031,886 PDF p. 165
Trade and other payablesSGD thousand 103,25474,709 PDF p. 165
Contract liabilitiesSGD thousand 16,63113,776 PDF p. 165
Current tax liabilitiesSGD thousand 1,8201,576 PDF p. 165
Total current liabilitiesSGD thousand 156,333113,174 PDF p. 165
Total liabilitiesSGD thousand 206,299168,561 PDF p. 165
Total equity and liabilitiesSGD thousand 459,762415,773 PDF p. 165
Definitions & sources

Original report: PDF p. 165 ↗

Company Statement of Financial Position

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Company Statement of Financial Position from ISDN Holdings Annual Report 2025
Metric / unit 2025Company2024Company Source
Financial statements
Property, plant and equipmentSGD thousand 555585 PDF p. 166
SubsidiariesSGD thousand 87,30487,304 PDF p. 166
Deferred tax assetsSGD thousand 86 PDF p. 166
Total non-current assetsSGD thousand 87,86787,895 PDF p. 166
Other receivablesSGD thousand 830766 PDF p. 166
Amount owing by subsidiariesSGD thousand 48,71743,211 PDF p. 166
Dividend receivableSGD thousand 6,8003,600 PDF p. 166
Cash and bank balancesSGD thousand 286978 PDF p. 166
Total current assetsSGD thousand 56,63348,555 PDF p. 166
Total assetsSGD thousand 144,500136,450 PDF p. 166
Share capitalSGD thousand 86,83385,467 PDF p. 166
ReservesSGD thousand 53,03844,312 PDF p. 166
Total equitySGD thousand 139,871129,779 PDF p. 166
Lease liabilities — non-currentSGD thousand 571595 PDF p. 166
Total non-current liabilitiesSGD thousand 571595 PDF p. 166
Lease liabilities — currentSGD thousand 2423 PDF p. 166
Other payablesSGD thousand 4,0346,053 PDF p. 166
Total current liabilitiesSGD thousand 4,0586,076 PDF p. 166
Total liabilitiesSGD thousand 4,6296,671 PDF p. 166
Total equity and liabilitiesSGD thousand 144,500136,450 PDF p. 166
Definitions & sources

Original report: PDF p. 166 ↗

Consolidated Statement of Cash Flows

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Consolidated Statement of Cash Flows from ISDN Holdings Annual Report 2025
Metric / unit 2025Group2024Group Source
Financial statements
Profit before income taxSGD thousand 21,07319,654 PDF p. 169
Allowance for impairment of trade and other receivablesSGD thousand 262136 PDF p. 169
Allowance for inventories obsolescenceSGD thousand 2,4091,494 PDF p. 169
Amortisation of land use rightsSGD thousand 4332 PDF p. 169
Depreciation of investment propertiesSGD thousand 1919 PDF p. 169
Depreciation of property, plant and equipmentSGD thousand 7,2306,534 PDF p. 169
Gain on termination of leasesSGD thousand (20)(29) PDF p. 169
Interest expenseSGD thousand 5,2535,468 PDF p. 169
Interest incomeSGD thousand (227)(330) PDF p. 169
Inventories written offSGD thousand 219 PDF p. 169
Loss/(gain) on disposal of property, plant and equipment, netSGD thousand 11(230) PDF p. 169
Loss on deemed disposal of interest in an associateSGD thousand -41 PDF p. 169
Property, plant and equipment written offSGD thousand 39 PDF p. 169
Share of loss of associates, netSGD thousand 269616 PDF p. 169
Trade and other receivables written offSGD thousand -5 PDF p. 169
Write back of allowance for impairment loss on trade and other receivablesSGD thousand (127)(60) PDF p. 169
Write back of allowance for inventories obsolescenceSGD thousand (74)- PDF p. 169
Foreign currency loss/(gain) on translation of foreign operationsSGD thousand 4,532(1,105) PDF p. 169
Operating cash flow before working capital changesSGD thousand 40,67732,263 PDF p. 169
InventoriesSGD thousand (544)4,287 PDF p. 169
Trade and other receivablesSGD thousand 16,515(4,212) PDF p. 169
Trade and other payablesSGD thousand 17,7677,950 PDF p. 169
Cash generated from operating activities before service concession arrangementsSGD thousand 74,41540,288 PDF p. 169
Change in receivables from service concession arrangementsSGD thousand (42,276)(11,152) PDF p. 169
Cash generated from operations after service concession arrangementsSGD thousand 32,13929,136 PDF p. 169
Interest paidSGD thousand (4,389)(5,207) PDF p. 169
Interest receivedSGD thousand 227330 PDF p. 169
Income tax paidSGD thousand (7,402)(5,878) PDF p. 169
Net cash generated from operating activitiesSGD thousand 20,57518,381 PDF p. 169
Acquisition of land use rightsSGD thousand (889)- PDF p. 170
Dividend from associatesSGD thousand 6947 PDF p. 170
Net cash outflow on acquisition of subsidiariesSGD thousand (1,158)(376) PDF p. 170
Proceeds from disposal of property, plant and equipmentSGD thousand 161909 PDF p. 170
Purchase of property, plant and equipmentSGD thousand (5,827)(7,523) PDF p. 170
Net cash used in investing activitiesSGD thousand (7,644)(6,943) PDF p. 170
Decrease in fixed deposit pledged and restricted bank depositSGD thousand 390377 PDF p. 170
Dividends to equity holders of the CompanySGD thousand (702)(539) PDF p. 170
Dividends to NCISGD thousand (4,443)(5,704) PDF p. 170
Interest expense on lease liabilitiesSGD thousand (253)(261) PDF p. 170
Investment in associatesSGD thousand (15)(2,203) PDF p. 170
Proceeds from bank borrowingsSGD thousand 28,4039,344 PDF p. 170
Proceeds from NCISGD thousand 3412,742 PDF p. 170
Repayment/proceeds from trust receipts and other borrowings, netSGD thousand (408)1,479 PDF p. 170
Repayments of bank borrowingsSGD thousand (21,881)(16,713) PDF p. 170
Repayments of lease liabilities, netSGD thousand (3,020)(2,571) PDF p. 170
Net cash used in financing activitiesSGD thousand (1,588)(14,049) PDF p. 170
Net increase/decrease in cash and cash equivalentsSGD thousand 11,343(2,611) PDF p. 170
Cash and cash equivalents at the beginning of the yearSGD thousand 56,12959,262 PDF p. 170
Effect of currency translation on cash and cash equivalentsSGD thousand 650(522) PDF p. 170
Cash and cash equivalents at the end of the yearSGD thousand 68,12256,129 PDF p. 170
Definitions & sources

Original report: PDF p. 169 ↗ PDF p. 170 ↗

Consolidated Statement of Changes in Equity — FY2025

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Consolidated Statement of Changes in Equity — FY2025 from ISDN Holdings Annual Report 2025
Metric / unit 2025GroupShare capital2025GroupMerger reserve2025GroupExchange translation2025GroupOther reserves2025GroupRetained earnings2025GroupTotal attributable to equity holders2025GroupNon-controlling interests2025GroupTotal equity Source
Group equity movements FY2025
Balance at 1 January 2025SGD thousand 85,467(436)(9,181)6,175124,706206,73140,481247,212 PDF p. 167
Profit for the yearSGD thousand ----6,7566,7566,82613,582 PDF p. 167
Other comprehensive loss for the yearSGD thousand --(2,079)(546)-(2,625)(542)(3,167) PDF p. 167
Total comprehensive loss/income for the yearSGD thousand --(2,079)(546)6,7564,1316,28410,415 PDF p. 167
Dividend paid in cash relating to FY2024SGD thousand ----(702)(702)-(702) PDF p. 167
Shares issued in lieu of cash for dividend relating to FY2024SGD thousand 1,366---(1,366)--- PDF p. 167
Dividends to NCISGD thousand ------(5,670)(5,670) PDF p. 167
Transfer to other reservesSGD thousand ---426(401)25(25)- PDF p. 167
Capital contribution from NCISGD thousand ------341341 PDF p. 167
Acquisition of NCISGD thousand ------1,8671,867 PDF p. 167
Acquisition of NCI without a change in controlling subsidiarySGD thousand ---(277)-(277)277- PDF p. 167
Balance at 31 December 2025SGD thousand 86,833(436)(11,260)5,778128,993209,90843,555253,463 PDF p. 167
Definitions & sources

Original report: PDF p. 167 ↗

Consolidated Statement of Changes in Equity — FY2024

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Consolidated Statement of Changes in Equity — FY2024 from ISDN Holdings Annual Report 2025
Metric / unit 2024GroupShare capital2024GroupMerger reserve2024GroupExchange translation2024GroupOther reserves2024GroupRetained earnings2024GroupTotal attributable to equity holders2024GroupNon-controlling interests2024GroupTotal equity Source
Group equity movements FY2024
Balance at 1 January 2024SGD thousand 84,755(436)(9,576)6,495117,384198,62242,043240,665 PDF p. 168
Profit for the yearSGD thousand ----8,5228,5225,44313,965 PDF p. 168
Other comprehensive income/loss for the yearSGD thousand --395(371)-24285309 PDF p. 168
Total comprehensive income/loss for the yearSGD thousand --395(371)8,5228,5465,72814,274 PDF p. 168
Dividend paid in cash relating to FY2023SGD thousand ----(539)(539)-(539) PDF p. 168
Shares issued in lieu of cash for dividend relating to FY2023SGD thousand 712---(712)--- PDF p. 168
Dividends to NCISGD thousand ------(7,202)(7,202) PDF p. 168
Transfer to other reservesSGD thousand ---5151102(102)- PDF p. 168
Capital contribution from NCISGD thousand ------5252 PDF p. 168
Acquisition of NCISGD thousand ------(38)(38) PDF p. 168
Balance at 31 December 2024SGD thousand 85,467(436)(9,181)6,175124,706206,73140,481247,212 PDF p. 168
Definitions & sources

Original report: PDF p. 168 ↗

Five-year financial highlights

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Five-year financial highlights from ISDN Holdings Annual Report 2025
Metric / unit 2025Group2024Group2023Group2022Group2021Group Source
Five-year financial highlights
RevenueSGD thousand 440,181372,443341,766370,779440,136 PDF p. 5
Gross profitSGD thousand 105,21294,91591,134105,888120,384 PDF p. 5
Profit before income taxSGD thousand 21,07319,65418,87332,02752,473 PDF p. 5
PATMISGD thousand 6,7568,5224,95214,62025,485 PDF p. 5
Equity attributable to owners of the CompanySGD thousand 209,908206,731198,622197,829197,136 PDF p. 5
Non-current assetsSGD thousand 214,649169,395153,766161,519157,546 PDF p. 5
Current assetsSGD thousand 245,113246,378246,673238,851257,719 PDF p. 5
Current liabilitiesSGD thousand 156,333113,17498,146142,168150,180 PDF p. 5
Non-current liabilitiesSGD thousand 49,96655,38761,62815,60218,110 PDF p. 5
Cash and cash equivalentsSGD thousand 68,12256,12959,26254,12859,021 PDF p. 5
Net assets per shareSingapore cents per share 46.3046.0844.5345.1044.94 PDF p. 5
Basic earnings per shareSingapore cents per share 1.501.911.123.335.84 PDF p. 5
Definitions & sources

Original report: PDF p. 5 ↗

Note 21 — Cash and bank balances

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Note 21 — Cash and bank balances from ISDN Holdings Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Note 21 — Cash and bank balances
Cash and bank balancesSGD thousand 65,17953,709286378 PDF p. 244
Fixed depositsSGD thousand 2,9432,810-600 PDF p. 244
Total cash and bank balancesSGD thousand 68,12256,519286978 PDF p. 244
Definitions & sources

Original report: PDF p. 244 ↗

Note 21 — Cash-equivalent reconciliation

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Note 21 — Cash-equivalent reconciliation from ISDN Holdings Annual Report 2025
Metric / unit 2025Group2024Group Source
Note 21 — Cash-equivalent reconciliation
Cash and bank balances and fixed depositsSGD thousand 68,12256,519 PDF p. 244
Less: fixed deposits pledgedSGD thousand -(390) PDF p. 244
Cash and cash equivalentsSGD thousand 68,12256,129 PDF p. 244
Definitions & sources

Original report: PDF p. 244 ↗

Note 22 — Share capital and issued shares

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Note 22 — Share capital and issued shares from ISDN Holdings Annual Report 2025
Metric / unit 2025Group and CompanyNumber of shares (units)2025Group and CompanyShare capital (SGD thousand)2024Group and CompanyNumber of shares (units)2024Group and CompanyShare capital (SGD thousand) Source
Note 22 — Share capital and issued shares
At 1 JanuaryMixed: number of shares / SGD thousand as column states 448,590,12585,467446,000,20984,755 PDF p. 245
Shares issued in lieu of cash for dividendMixed: number of shares / SGD thousand as column states 4,811,9151,3662,589,916712 PDF p. 245
At 31 DecemberMixed: number of shares / SGD thousand as column states 453,402,04086,833448,590,12585,467 PDF p. 245
Definitions & sources

Original report: PDF p. 245 ↗

Note 23 — Reserves

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Note 23 — Reserves from ISDN Holdings Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Note 23 — Reserves
Merger reserveSGD thousand (436)(436)-- PDF p. 245
Exchange translation reserveSGD thousand (11,260)(9,181)-- PDF p. 245
Other reservesSGD thousand 5,7786,175(178)(178) PDF p. 245
Retained earningsSGD thousand 128,993124,70653,21644,490 PDF p. 245
Total reservesSGD thousand 123,075121,26453,03844,312 PDF p. 245
Definitions & sources

Original report: PDF p. 245 ↗

Note 28 — Dividend payment, cash and scrip

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Note 28 — Dividend payment, cash and scrip from ISDN Holdings Annual Report 2025
Metric / unit 2025Group and Company2024Group and Company Source
Note 28 — Dividend payment, cash and scrip
Cash dividendSGD thousand 702539 PDF p. 253
Scrip dividendSGD thousand 1,366712 PDF p. 253
Total dividendSGD thousand 2,0681,251 PDF p. 253
Definitions & sources

Original report: PDF p. 253 ↗

Note 11 — Earnings per share numerator and denominator

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Note 11 — Earnings per share numerator and denominator from ISDN Holdings Annual Report 2025
Metric / unit 2025Group2024Group Source
Note 11 — Earnings per share numerator and denominator
Profit attributable to equity holdersSGD thousand 6,7568,522 PDF p. 210
Weighted-average number of ordinary sharesNumber of shares 450,330,324446,920,125 PDF p. 210
Definitions & sources

Original report: PDF p. 210 ↗

Note 28 — Final dividend rate paid during the year

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Note 28 — Final dividend rate paid during the year from ISDN Holdings Annual Report 2025
Metric / unit 2025Group and Company2024Group and Company Source
Note 28 — Dividends
Final dividend per share paid during the year, relating to the prior financial yearSingapore cents per share 0.470.28 PDF p. 253
Definitions & sources

Original report: PDF p. 253 ↗

FY2025 payment relates to FY2024; FY2024 payment relates to FY2023. The cash/scrip split appears in the dividend payment table.

Note 28 — Proposed FY2025 final dividend

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Note 28 — Proposed FY2025 final dividend from ISDN Holdings Annual Report 2025
Metric / unit 2025Group and Company — proposed Source
Note 28 — Dividends
Proposed final dividend — Singapore centsSingapore cents per share 0.53 PDF p. 253
Equivalent proposed final dividend — Hong Kong centsHong Kong cents per share 3.28 PDF p. 253
Definitions & sources

Original report: PDF p. 253 ↗

Proposal subject to shareholder approval at the forthcoming AGM as stated in the annual report; not recognised as a payable in these financial statements.

Where the money comes from

Segment information

By business

Reportable operating segments - revenue and results 5 lines
Reportable operating segments - revenue and results
Item / unit 2025Engineering Solutions - Motion Control2024Engineering Solutions - Motion Control2025Other Specialised Engineering Solutions2024Other Specialised Engineering Solutions2025Industrial Computing Solutions2024Industrial Computing Solutions2025Renewable Energy2024Renewable Energy2025Others2024Others2025Elimination2024Elimination2025Consolidated2024Consolidated Source
Revenue
External salesS$'000 284,613265,58388,31078,0706,7545,34358,85622,2941,6481,153--440,181372,443 PDF p. 256
Inter-segment salesS$'000 2,4994,6674,3423,27950453---7(6,891)(8,406)-- PDF p. 256
Total revenue (unlabelled subtotal)S$'000 287,112270,25092,65281,3496,8045,79658,85622,2941,6481,160(6,891)(8,406)440,181372,443 PDF p. 256
Results
Segment resultsS$'000 15,95915,2587,5173,4881411223,3435,606372(628)--27,33223,846 PDF p. 256
Share of loss of associates, netS$'000 (269)(616)----------(269)(616) PDF p. 256
Notes

Segment results represent the profit earned by each segment without allocation of corporate expenses, rental income, share of profit/(loss) of associates, interest income, finance costs and income tax. Segment revenue includes transfer between operating segments; transfers are eliminated on consolidation.

Blank values denote cells with no printed segment figure (unallocated items shown only in Consolidated column). The unlabelled subtotal row follows Inter-segment sales.

Reportable operating segments - assets and liabilities 4 lines
Reportable operating segments - assets and liabilities
Item / unit 2025Engineering Solutions - Motion Control2024Engineering Solutions - Motion Control2025Other Specialised Engineering Solutions2024Other Specialised Engineering Solutions2025Industrial Computing Solutions2024Industrial Computing Solutions2025Renewable Energy2024Renewable Energy2025Others2024Others2025Elimination2024Elimination2025Consolidated2024Consolidated Source
Assets
Segment assetsS$'000 150,611159,81860,58857,8602,0351,519154,102121,8566,7884,011(5,000)(5,716)369,124339,348 PDF p. 257
GoodwillS$'000 2,8622,86211,5019,508--680541689---15,73212,911 PDF p. 257
AssociatesS$'000 6,4216,746----------6,4216,746 PDF p. 257
Liabilities
Segment liabilitiesS$'000 60,10152,61725,33826,4197581,05035,34211,1021,0971,793(5,000)(5,716)117,63687,265 PDF p. 257
Notes

Segment assets/liabilities are all operating assets/liabilities employed by a segment, directly attributable or allocated on a reasonable basis. Blank values denote no printed segment figure.

Reportable operating segments - other information 13 lines
Reportable operating segments - other information
Item / unit 2025Engineering Solutions - Motion Control2024Engineering Solutions - Motion Control2025Other Specialised Engineering Solutions2024Other Specialised Engineering Solutions2025Industrial Computing Solutions2024Industrial Computing Solutions2025Renewable Energy2024Renewable Energy2025Others2024Others2025Elimination2024Elimination2025Consolidated2024Consolidated Source
Other information
Cost of salesS$'000 215,099198,74868,76362,9233,7653,15246,25111,9861,091719--334,969277,528 PDF p. 258
Capital expenditure on
- Property, plant and equipmentS$'000 2,0083,4282,9774,2761071,002583042--6,3017,771 PDF p. 258
- Land use rightsS$'000 --------889---889- PDF p. 258
Other non-cash expenses
- Allowance for inventories obsolescenceS$'000 2,0701,012297447----4235--2,4091,494 PDF p. 258
- Allowance for impairment loss on trade and other receivablesS$'000 172571019--247856--262136 PDF p. 258
- Amortisation of land use rightsS$'000 3132------12---4332 PDF p. 258
- Depreciation of investment propertiesS$'000 1919----------1919 PDF p. 258
- Depreciation of property, plant and equipmentS$'000 3,9663,4642,1802,00384759889801212--7,2306,534 PDF p. 258
- Inventories written offS$'000 98121--------219 PDF p. 258
- Property, plant and equipment written offS$'000 -93---------39 PDF p. 258
- Trade receivables written offS$'000 -1-4---------5 PDF p. 258
- Write back of allowance of inventories obsolescenceS$'000 (60)-(14)---------(74)- PDF p. 258
- Write back of allowance for impairment loss on trade receivablesS$'000 (11)(33)(13)(26)----(103)(1)--(127)(60) PDF p. 258
Notes

Other information; figures in S$'000 as printed.

By geography

Geographical information - revenue from external customers and non-current assets 8 lines
Geographical information - revenue from external customers and non-current assets
Item / unit 2025Revenue from external customers2024Revenue from external customers2025Non-current assets2024Non-current assets Source
Geographical information
SingaporeS$'000 41,51133,91526,10723,054 PDF p. 259
ChinaS$'000 268,822256,03233,14632,983 PDF p. 259
Hong KongS$'000 11,5349,884152105 PDF p. 259
MalaysiaS$'000 12,97511,8394,2424,078 PDF p. 259
IndonesiaS$'000 59,62922,792148,340106,413 PDF p. 259
VietnamS$'000 15,97518,574420825 PDF p. 259
OthersS$'000 29,73519,4072,2421,937 PDF p. 259
Total (unlabelled)S$'000 440,181372,443214,649169,395 PDF p. 259
Notes

Revenue and non-current assets information based on the geographical location of customers and assets respectively. The Group operates in six principal geographical areas - Singapore (country of domicile), China, Hong Kong, Malaysia, Indonesia and Vietnam. The Group's revenue from any single external customer is less than 10%.

Debt

Borrowings

Bank Borrowings - Group (secured/unsecured, current/non-current, repayment profile)

Bank Borrowings - Group (secured/unsecured, current/non-current, repayment profile) — Group
Item / unit 2025S$'0002024S$'000 Source
Non-current liabilities
Secured bank loansS$'000 41,80446,749 PDF p. 246
Unsecured bank loansS$'000 2,2272,135 PDF p. 246
Non-current liabilities subtotalS$'000 44,03148,884 PDF p. 246
Current liabilities
Secured bank loansS$'000 8,44110,376 PDF p. 246
Unsecured bank loansS$'000 20,6066,865 PDF p. 246
Unsecured trust receipts (a)S$'000 3,5783,986 PDF p. 246
Current liabilities subtotalS$'000 32,62521,227 PDF p. 246
Total
Total interest-bearing liabilitiesS$'000 76,65670,111 PDF p. 246
Repayable
- not later than one yearS$'000 32,62521,227 PDF p. 246
- later than one year but not later than two yearsS$'000 12,52117,368 PDF p. 246
- later than two years but not later than five yearsS$'000 27,83529,607 PDF p. 246
- more than five yearsS$'000 3,6751,909 PDF p. 246
Notes

(a) The payment terms of trust receipt in the supplier financing arrangement is 180 days.

Weighted average effective interest rate of the Group's bank borrowings is 4.95% (2024: 5.04%) per annum (p.248).

Terms and conditions of outstanding bank borrowings - Group (currency, nominal interest rate, year of maturity)

Terms and conditions of outstanding bank borrowings - Group (currency, nominal interest rate, year of maturity) — Group
Item / unit 2025S$'0002024S$'000 Source
Terms and conditions
Secured bank loanS$'000 -3,350 PDF p. 247
Secured bank loanS$'000 8,49212,241 PDF p. 247
Secured bank loanS$'000 19,80923,571 PDF p. 247
Secured bank loanS$'000 3241,615 PDF p. 247
Secured bank loanS$'000 2,5052,803 PDF p. 247
Secured bank loanS$'000 -335 PDF p. 247
Secured bank loanS$'000 1,8242,448 PDF p. 247
Secured bank loanS$'000 104147 PDF p. 247
Secured bank loanS$'000 1,8341,860 PDF p. 247
Secured bank loanS$'000 367930 PDF p. 247
Secured bank loanS$'000 2,9357,825 PDF p. 247
Secured bank loanS$'000 3,852- PDF p. 247
Secured bank loanS$'000 8,201- PDF p. 247
Unsecured bank loanS$'000 713507 PDF p. 247
Unsecured bank loanS$'000 12,9641,458 PDF p. 247
Unsecured bank loanS$'000 -930 PDF p. 247
Unsecured bank loanS$'000 1,8341,860 PDF p. 247
Unsecured bank loanS$'000 1,467- PDF p. 247
Unsecured bank loanS$'000 2,0001,800 PDF p. 247
Unsecured bank loanS$'000 2,9901,950 PDF p. 247
Unsecured bank loanS$'000 -106 PDF p. 247
Unsecured bank loanS$'000 -62 PDF p. 247
Unsecured bank loanS$'000 229212 PDF p. 247
Unsecured bank loanS$'000 31- PDF p. 247
Unsecured bank loanS$'000 298- PDF p. 247
Unsecured bank loanS$'000 305115 PDF p. 247
Trust receipt 1S$'000 305525 PDF p. 247
Trust receipt 2S$'000 260- PDF p. 247
Trust receipt 3S$'000 244199 PDF p. 247
Trust receipt 4S$'000 1,356946 PDF p. 247
Trust receipt 5S$'000 757734 PDF p. 247
Trust receipt 6S$'000 -1,582 PDF p. 247
Trust receipt 7S$'000 276- PDF p. 247
Trust receipt 8S$'000 380- PDF p. 247
Total
Total interest-bearing liabilitiesS$'000 76,65670,111 PDF p. 247
Notes

Each row's currency, nominal interest rate and year of maturity are printed in the quote; values list only the 2025 and 2024 amounts. Dash means nil/no balance as printed.

Borrowing notes 1 tables

Lease Liabilities - Group and Company

Lease Liabilities - Group and Company
Item / unit 2025Group, S$'0002024Group, S$'0002025Company, S$'0002024Company, S$'000 Source
Non-current liabilities
- lease liabilities (secured)S$'000 8022-- PDF p. 248
- lease liabilities (unsecured)S$'000 5,3245,893571595 PDF p. 248
Current liabilities
- lease liabilities (secured)S$'000 146140-- PDF p. 248
- lease liabilities (unsecured)S$'000 1,8571,7462423 PDF p. 248
Total
Total interest-bearing liabilitiesS$'000 7,4077,801595618 PDF p. 248
Notes

Dash as printed.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend policy The Group has adopted a dividend policy that aims to provide Shareholders with a target annual dividend payout of 25% of the net profit attributable to Shareholders in any financial year, whether as interim and/or final dividends. The form, frequency and amount of dividends declared each year will take into consideration the Group’s profit growth, cash position, positive cash flow generated from operations, projected capital requirements for business growth and other relevant factors as the Board may deem appropriate. Group PDF p. 52

Dividends declared and proposed

ItemValuePeriod / scopeSource
first and final tax-exempt (one-tier) dividend 0.53 Singapore cents per ordinary share FY2025 first and final dividend, tax-exempt (one-tier); proposed/recommended, subject to shareholder approval at AGM PDF p. 52
Tax-exempt (one-tier) final dividend of 0.47 Singapore cents (2024: 0.28 Singapore cents) per share paid in respect of FY2024 0.28 Singapore cents per share FY2024 final dividend, tax-exempt (one-tier), comparative year; paid 24 August 2024 in respect of FY2023 PDF p. 253
Tax-exempt (one-tier) final dividend of 0.47 Singapore cents 0.47 Singapore cents per ordinary share Final dividend in respect of FY2024, paid 22 August 2025, Group and Company · As at 2025-08-22 PDF p. 253

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

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Audit firm Moore Stephens LLP Group and Company, FY2025 PDF p. 163
Engagement partner Neo Keng Jin Group and Company, FY2025 PDF p. 163
Opinion properly drawn up in accordance with the provisions of the Companies Act 1967 Group and Company, year ended 31 December 2025 PDF p. 158

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

How to read these figures

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

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

Statement and historical amounts are in SGD thousands unless a row states otherwise. EPS, NAV and Singapore dividend rates are in Singapore cents per share; the equivalent proposed rate is in Hong Kong cents. Share-capital columns separately show actual numbers of shares and SGD thousands.

The five-year highlights retain the report’s FY2021–FY2025 figures. The audited primary statements are consolidated Group income/comprehensive income, financial position, equity and cash flows, and the Company’s statement of financial position (PDF pp.158 and164–170).

The cash flow separately records movements in service-concession receivables before arriving at operating cash flow. FY2024 bank balances of SGD56,519 thousand include SGD390 thousand of pledged fixed deposits; cash equivalents are SGD56,129 thousand. FY2025 has no pledged deposit (PDF p.244).

Dividends paid during FY2025 relate to FY2024. Cash and scrip amounts are separate. The proposed FY2025 final dividend of 0.53 Singapore cents, equivalent to 3.28 Hong Kong cents, is subject to shareholder approval as stated in this annual report and is not recorded as a payable (PDF p.253).

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