Koh Bros K75
SGD 0.205
+0.00% +0.00 Updated 23 Oct 2026, 17:16 SGT
Financials
Annual Report 2025
Explore the statements
23 tablesConsolidated Statement of Comprehensive Income
34 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income | |||
| Sales$’000 | 329,393 | 238,394 | PDF p. 61 |
| Cost of sales$’000 | (290,290) | (219,129) | PDF p. 61 |
| Gross profit$’000 | 39,103 | 19,265 | PDF p. 61 |
| Other income$’000 | 2,237 | 2,096 | PDF p. 61 |
| Other gains – net$’000 | 14,038 | 3,419 | PDF p. 61 |
| Expenses; Distribution and marketing | |||
| – Allowance for impairment of trade receivables and contract assets$’000 | (843) | (1,614) | PDF p. 61 |
| – Others$’000 | (1,476) | (1,706) | PDF p. 61 |
| Expenses | |||
| – Administrative$’000 | (21,113) | (21,591) | PDF p. 61 |
| – Finance$’000 | (6,329) | (12,254) | PDF p. 61 |
| Expenses; Other | |||
| – (Allowance for)/write-back of allowance for impairment of loans to joint ventures$’000 | (7) | 111 | PDF p. 61 |
| – Write-back of allowance for impairment of sundry debtors$’000 | 68 | 19 | PDF p. 61 |
| – Write-back of allowance for impairment of investment securities$’000 | 992 | – | PDF p. 61 |
| – Others$’000 | (50) | (60) | PDF p. 61 |
| Income | |||
| Share of loss of associated companies$’000 | (16) | (116) | PDF p. 61 |
| Share of profit of joint ventures$’000 | 2,999 | 5,346 | PDF p. 61 |
| Profit/(loss) before income tax$’000 | 29,603 | (7,085) | PDF p. 61 |
| Income tax expense$’000 | (4,108) | (3,336) | PDF p. 61 |
| Profit/(loss) after income tax$’000 | 25,495 | (10,421) | PDF p. 61 |
| Profit/(loss) attributable to | |||
| Equity holders of the Company$’000 | 18,575 | (5,451) | PDF p. 61 |
| Non-controlling interests$’000 | 6,920 | (4,970) | PDF p. 61 |
| Profit/(loss) attributable to; subtotal | |||
| Subtotal$’000 | 25,495 | (10,421) | PDF p. 61 |
| Earnings/(loss) per share for profit/(loss) attributable to equity holders of the Company | |||
| – Basic earnings/(loss) per share (in cents)cents per share | 4.50 | (1.32) | PDF p. 61 |
| – Diluted earnings/(loss) per share (in cents)cents per share | 4.50 | (1.32) | PDF p. 61 |
| Other comprehensive income statement starting amount | |||
| Profit/(loss) after income tax$’000 | 25,495 | (10,421) | PDF p. 61 |
| Other comprehensive income/(loss); items that may be reclassified subsequently to profit or loss | |||
| Currency translation difference arising from consolidation$’000 | 772 | (395) | PDF p. 61 |
| Fair value gain on debt financial assets, at FVOCI$’000 | 490 | 147 | PDF p. 61 |
| Other comprehensive income/(loss); items that may be reclassified subsequently to profit or loss; subtotal | |||
| Subtotal$’000 | 1,262 | (248) | PDF p. 61 |
| Other comprehensive income/(loss); items that may not be reclassified subsequently to profit or loss | |||
| Currency translation difference arising from consolidation attributable to non-controlling interests$’000 | 536 | 533 | PDF p. 61 |
| Fair value gain on equity financial assets, at FVOCI$’000 | 3,885 | 702 | PDF p. 61 |
| Other comprehensive income/(loss) | |||
| Other comprehensive income, net of tax$’000 | 5,683 | 987 | PDF p. 61 |
| Total comprehensive income/(loss)$’000 | 31,178 | (9,434) | PDF p. 61 |
| Total comprehensive income/(loss) attributable to | |||
| Equity holders of the Company$’000 | 23,492 | (5,000) | PDF p. 61 |
| Non-controlling interests$’000 | 7,686 | (4,434) | PDF p. 61 |
| Total comprehensive income/(loss) attributable to; subtotal | |||
| Subtotal$’000 | 31,178 | (9,434) | PDF p. 61 |
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Definitions & sources
Original report: PDF p. 61 ↗
The accompanying notes form an integral part of these financial statements.
Balance Sheets – Group and Company
45 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Assets; Current assets | |||||
| Cash and bank balances$’000 | 114,345 | 71,149 | 11,025 | 109 | PDF p. 62 |
| Investment securities$’000 | 11,063 | 347 | – | – | PDF p. 62 |
| Trade and other receivables$’000 | 76,839 | 102,405 | – | – | PDF p. 62 |
| Contract assets$’000 | 82,552 | 93,040 | – | – | PDF p. 62 |
| Amounts due from subsidiaries$’000 | – | – | 23,438 | 24,266 | PDF p. 62 |
| Amounts due from joint ventures$’000 | 6,573 | 5,971 | – | – | PDF p. 62 |
| Inventories$’000 | 5,977 | 1,146 | – | – | PDF p. 62 |
| Income tax receivables$’000 | – | 730 | – | – | PDF p. 62 |
| Other current assets$’000 | 4,940 | 4,440 | – | – | PDF p. 62 |
| Assets; Current assets; subtotal | |||||
| Subtotal$’000 | 302,289 | 279,228 | 34,463 | 24,375 | PDF p. 62 |
| Assets; Non-current assets | |||||
| Trade and other receivables$’000 | 23,458 | 5,900 | – | – | PDF p. 62 |
| Contract assets$’000 | 62,815 | 38,898 | – | – | PDF p. 62 |
| Investment securities$’000 | – | 7,198 | – | – | PDF p. 62 |
| Investments in subsidiaries$’000 | – | – | 156,865 | 156,865 | PDF p. 62 |
| Investments in associated companies$’000 | – | 168 | – | – | PDF p. 62 |
| Investments in joint ventures$’000 | 93,764 | 94,265 | – | – | PDF p. 62 |
| Investment properties$’000 | 102,286 | 102,562 | – | – | PDF p. 62 |
| Property, plant and equipment$’000 | 92,473 | 94,228 | – | – | PDF p. 62 |
| Goodwill$’000 | 5,078 | 5,078 | – | – | PDF p. 62 |
| Assets; Non-current assets; subtotal | |||||
| Subtotal$’000 | 379,874 | 348,297 | 156,865 | 156,865 | PDF p. 62 |
| Assets | |||||
| Total assets$’000 | 682,163 | 627,525 | 191,328 | 181,240 | PDF p. 62 |
| Liabilities; Current liabilities | |||||
| Trade and other payables$’000 | 117,549 | 80,903 | 1,922 | 1,215 | PDF p. 62 |
| Contract liabilities$’000 | 36,572 | 23,141 | – | – | PDF p. 62 |
| Amounts due to subsidiaries$’000 | – | – | 42,508 | 39,678 | PDF p. 62 |
| Amounts due to joint ventures$’000 | 33,643 | 32,065 | – | – | PDF p. 62 |
| Current income tax liabilities$’000 | 1,599 | 1,213 | 89 | – | PDF p. 62 |
| Bank borrowings and lease liabilities$’000 | 81,145 | 85,932 | – | – | PDF p. 62 |
| Note payables$’000 | 22,698 | – | 22,698 | – | PDF p. 62 |
| Liabilities; Current liabilities; subtotal | |||||
| Subtotal$’000 | 293,206 | 223,254 | 67,217 | 40,893 | PDF p. 62 |
| Liabilities; Non-current liabilities | |||||
| Trade and other payables$’000 | 9,681 | 7,374 | – | – | PDF p. 62 |
| Amount due to a subsidiary$’000 | – | – | 19,011 | 19,011 | PDF p. 62 |
| Bank borrowings and lease liabilities$’000 | 36,144 | 59,810 | – | – | PDF p. 62 |
| Notes payables$’000 | – | 22,522 | – | 22,522 | PDF p. 62 |
| Deferred income tax liabilities$’000 | 5,645 | 6,343 | – | – | PDF p. 62 |
| Liabilities; Non-current liabilities; subtotal | |||||
| Subtotal$’000 | 51,470 | 96,049 | 19,011 | 41,533 | PDF p. 62 |
| Liabilities | |||||
| Total liabilities$’000 | 344,676 | 319,303 | 86,228 | 82,426 | PDF p. 62 |
| Equity | |||||
| NET ASSETS$’000 | 337,487 | 308,222 | 105,100 | 98,814 | PDF p. 62 |
| Equity; Capital and reserves attributable to equity holders of the Company | |||||
| Share capital$’000 | 36,981 | 36,981 | 36,981 | 36,981 | PDF p. 62 |
| Treasury shares$’000 | (7,983) | (7,983) | (7,983) | (7,983) | PDF p. 62 |
| Other reserves$’000 | (1,347) | (5,915) | – | – | PDF p. 62 |
| Retained profits$’000 | 265,937 | 248,199 | 76,102 | 69,816 | PDF p. 62 |
| Currency translation reserve$’000 | (10,625) | (11,397) | – | – | PDF p. 62 |
| Equity; Capital and reserves attributable to equity holders of the Company; subtotal | |||||
| Subtotal$’000 | 282,963 | 259,885 | 105,100 | 98,814 | PDF p. 62 |
| Equity | |||||
| Non-controlling interests$’000 | 54,524 | 48,337 | – | – | PDF p. 62 |
| Total equity$’000 | 337,487 | 308,222 | 105,100 | 98,814 | PDF p. 62 |
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Definitions & sources
Original report: PDF p. 62 ↗
The accompanying notes form an integral part of these financial statements.
Consolidated Statement of Changes in Equity — Group — 2025
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Share capital | 2025Treasury shares | 2025Other reserves | 2025Retained profits | 2025Currency translation reserve | 2025Attributable total | 2025Non-controlling interests | 2025Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2025 movements | |||||||||
| Balance at 1 January 2025$’000 | 36,981 | (7,983) | (5,915) | 248,199 | (11,397) | 259,885 | 48,337 | 308,222 | PDF p. 63 |
| Profit for the financial year$’000 | – | – | – | 18,575 | – | 18,575 | 6,920 | 25,495 | PDF p. 63 |
| Other comprehensive income for the financial year$’000 | – | – | 4,145 | – | 772 | 4,917 | 766 | 5,683 | PDF p. 63 |
| Total comprehensive income for the financial year$’000 | – | – | 4,145 | 18,575 | 772 | 23,492 | 7,686 | 31,178 | PDF p. 63 |
| 2025 transactions with owners | |||||||||
| Share based payment pursuant to performance share plan of a listed subsidiary$’000 | – | – | (2) | – | – | (2) | 4 | 2 | PDF p. 63 |
| Dividends paid$’000 | – | – | – | (412) | – | (412) | (1,503) | (1,915) | PDF p. 63 |
| Total transactions with owners, recognised directly in equity$’000 | – | – | (2) | (412) | – | (414) | (1,499) | (1,913) | PDF p. 63 |
| 2025 movements | |||||||||
| Transfer upon realisation of fair value loss in financial assets, at FVOCI$’000 | – | – | 425 | (425) | – | – | – | – | PDF p. 63 |
| 2025 closing balances | |||||||||
| Balance at 31 December 2025$’000 | 36,981 | (7,983) | (1,347) | 265,937 | (10,625) | 282,963 | 54,524 | 337,487 | PDF p. 63 |
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Definitions & sources
Original report: PDF p. 63 ↗
Year block 2025 as labelled in row quotes; source has eight equity components per row.
Consolidated Statement of Changes in Equity — Group — 2024
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Share capital | 2024Treasury shares | 2024Other reserves | 2024Retained profits | 2024Currency translation reserve | 2024Attributable total | 2024Non-controlling interests | 2024Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2024 movements | |||||||||
| Balance at 1 January 2024$’000 | 36,981 | (7,983) | (6,761) | 253,650 | (11,002) | 264,885 | 53,910 | 318,795 | PDF p. 63 |
| Loss for the financial year$’000 | – | – | – | (5,451) | – | (5,451) | (4,970) | (10,421) | PDF p. 63 |
| Other comprehensive income/(loss) for the financial year$’000 | – | – | 849 | – | (395) | 454 | 533 | 987 | PDF p. 63 |
| Total comprehensive income/(loss) for the financial year$’000 | – | – | 849 | (5,451) | (395) | (4,997) | (4,437) | (9,434) | PDF p. 63 |
| 2024 transactions with owners | |||||||||
| Share based payment pursuant to performance share plan of a listed subsidiary$’000 | – | – | (3) | – | – | (3) | 3 | – | PDF p. 63 |
| Dividends paid$’000 | – | – | – | – | – | – | (1,139) | (1,139) | PDF p. 63 |
| Total transactions with owners, recognised directly in equity$’000 | – | – | (3) | – | – | (3) | (1,136) | (1,139) | PDF p. 63 |
| 2024 closing balances | |||||||||
| Balance at 31 December 2024$’000 | 36,981 | (7,983) | (5,915) | 248,199 | (11,397) | 259,885 | 48,337 | 308,222 | PDF p. 63 |
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Definitions & sources
Original report: PDF p. 63 ↗
Year block 2024 as labelled in row quotes; source has eight equity components per row.
Consolidated Statement of Cash Flows
47 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit/(loss) after income tax$’000 | 25,495 | (10,421) | PDF p. 64 |
| Cash flows from operating activities; Adjustments for | |||
| Income tax expense$’000 | 4,108 | 3,336 | PDF p. 64 |
| Allowance for/(write-back of allowance for) impairment of loans to joint ventures$’000 | 7 | (111) | PDF p. 64 |
| Write-back of allowance for investment securities$’000 | (992) | – | PDF p. 64 |
| Depreciation of property, plant and equipment$’000 | 9,665 | 8,513 | PDF p. 64 |
| Property, plant and equipment written off$’000 | 1 | 2 | PDF p. 64 |
| Fair value loss/(gain) on investment properties$’000 | 200 | (1,787) | PDF p. 64 |
| Gain on disposal of property, plant and equipment$’000 | (15,854) | (318) | PDF p. 64 |
| Gain on disposal of an associated company$’000 | (579) | – | PDF p. 64 |
| Gain on liquidation of a joint venture$’000 | – | (26) | PDF p. 64 |
| Share of loss of associated companies$’000 | 16 | 116 | PDF p. 64 |
| Share of profit of joint ventures$’000 | (2,999) | (5,346) | PDF p. 64 |
| Finance expense$’000 | 6,329 | 12,254 | PDF p. 64 |
| Interest income$’000 | (1,937) | (1,565) | PDF p. 64 |
| Dividend income$’000 | (138) | (189) | PDF p. 64 |
| Unrealised translation loss/(gain)$’000 | 952 | (1,118) | PDF p. 64 |
| Cash flows from operating activities | |||
| Subtotal$’000 | 24,274 | 3,340 | PDF p. 64 |
| Cash flows from operating activities; Change in working capital | |||
| Trade and other receivables$’000 | 7,977 | (23,530) | PDF p. 64 |
| Inventories$’000 | (4,831) | 4,885 | PDF p. 64 |
| Contract assets and liabilities$’000 | 3 | 60,418 | PDF p. 64 |
| Development properties$’000 | – | 1,048 | PDF p. 64 |
| Other current assets$’000 | (501) | 7 | PDF p. 64 |
| Trade and other payables$’000 | 39,249 | (6,295) | PDF p. 64 |
| Amount due from/to joint ventures$’000 | 2,127 | 24,121 | PDF p. 64 |
| Cash flows from operating activities | |||
| Cash generated from operations$’000 | 68,298 | 63,994 | PDF p. 64 |
| Income tax paid$’000 | (3,722) | (2,871) | PDF p. 64 |
| Net cash provided by operating activities$’000 | 64,576 | 61,123 | PDF p. 64 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment$’000 | (4,940) | (2,300) | PDF p. 64 |
| Net proceeds from disposal of investment securities$’000 | 1,849 | 1,204 | PDF p. 64 |
| Proceeds from disposal of property, plant and equipment$’000 | 21,183 | 354 | PDF p. 64 |
| Proceeds from disposal of an associated company$’000 | 331 | – | PDF p. 64 |
| Proceeds from liquidation of a joint venture$’000 | – | 26 | PDF p. 64 |
| Dividend received from investment securities$’000 | 138 | 189 | PDF p. 64 |
| Dividend received from associated company and joint venture$’000 | 2,400 | – | PDF p. 64 |
| Interest received$’000 | 1,362 | 1,565 | PDF p. 64 |
| Net cash provided by investing activities$’000 | 22,323 | 1,038 | PDF p. 64 |
| Cash flows from financing activities | |||
| Proceeds from bank borrowings$’000 | 55,310 | 29,000 | PDF p. 64 |
| Repayment of bank borrowings$’000 | (87,262) | (97,386) | PDF p. 64 |
| Principal payment of lease liabilities$’000 | (4,590) | (4,951) | PDF p. 64 |
| Dividends paid to equity holders of the Company$’000 | (412) | – | PDF p. 64 |
| Dividends paid to non-controlling interests$’000 | (1,503) | (1,139) | PDF p. 64 |
| Interest paid$’000 | (5,527) | (13,360) | PDF p. 64 |
| Net cash used in financing activities$’000 | (43,984) | (87,836) | PDF p. 64 |
| Reconciliation of cash and bank balances | |||
| Net change in cash and bank balances$’000 | 42,915 | (25,675) | PDF p. 64 |
| Beginning of financial year$’000 | 71,149 | 95,832 | PDF p. 64 |
| Effects of currency translation on cash and bank balances$’000 | 281 | 992 | PDF p. 64 |
| End of financial year$’000 | 114,345 | 71,149 | PDF p. 64 |
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Definitions & sources
Original report: PDF p. 64 ↗
Financial highlights — balance sheet highlights and key financial ratios
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|
| Balance Sheet Highlights | ||||
| Shareholders’ funds$’000 | 264,885 | 259,885 | 282,963 | PDF p. 9 |
| Cash and bank balances$’000 | 95,832 | 71,149 | 114,345 | PDF p. 9 |
| Net current assets$’000 | 92,995 | 55,974 | 9,083 | PDF p. 9 |
| Total assets$’000 | 723,368 | 627,525 | 682,163 | PDF p. 9 |
| Key Financial Ratios | ||||
| Net asset value per share (in cents)cents per share | 64.22 | 63.01 | 68.60 | PDF p. 9 |
| Net gearing (times)times | 0.54 | 0.37 | 0.09 | PDF p. 9 |
| (Loss)/earnings per share (in cents)cents per share | (5.32) | (1.32) | 4.50 | PDF p. 9 |
| Dividend per share (in cents)cents per share | – | – | 1.00 | PDF p. 9 |
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Definitions & sources
Original report: PDF p. 9 ↗
Financial highlights — profit and loss highlights
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|
| Profit and Loss Highlights | ||||
| REVENUE ($’000)$’000 | 356,249 | 238,394 | 329,393 | PDF p. 9 |
| GROSS PROFIT ($’000)$’000 | 7,507 | 19,265 | 39,103 | PDF p. 9 |
| NET (LOSS)/PROFIT ATTRIBUTABLE TO EQUITY HOLDERS OF THE COMPANY ($’000)$’000 | (21,960) | (5,451) | 18,575 | PDF p. 9 |
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Definitions & sources
Original report: PDF p. 9 ↗
Reconciliation of liabilities arising from financing activities — 2025
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Beginning of financial year | 2025Net cash flows | 2025Interest expense | 2025Additions to property, plant and equipment | 2025Foreign exchange movement | 2025Amortisation of notes issuance expenses | 2025End of financial year | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 liabilities from financing activities | ||||||||
| Bank borrowings (Note 27 and 28)$’000 | 140,137 | (31,952) | – | – | 5 | – | 108,190 | PDF p. 65 |
| Lease liabilities (Note 27)$’000 | 5,605 | (4,815) | 225 | 8,083 | 1 | – | 9,099 | PDF p. 65 |
| Notes payables (Note 29)$’000 | 22,522 | (1,479) | 1,479 | – | – | 176 | 22,698 | PDF p. 65 |
| Accrued interest expense within trade and other payables$’000 | 438 | (3,823) | 3,705 | – | – | – | 320 | PDF p. 65 |
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Definitions & sources
Original report: PDF p. 65 ↗
Non-cash changes are shown in the original header.
Reconciliation of liabilities arising from financing activities — 2024
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Beginning of financial year | 2024Net cash flows | 2024Interest expense | 2024Additions to property, plant and equipment | 2024Foreign exchange movement | 2024Amortisation of notes issuance expenses | 2024End of financial year | Source |
|---|---|---|---|---|---|---|---|---|
| 2024 liabilities from financing activities | ||||||||
| Bank borrowings (Note 27 and 28)$’000 | 208,500 | (68,386) | – | – | 23 | – | 140,137 | PDF p. 65 |
| Lease liabilities (Note 27)$’000 | 9,246 | (5,187) | 237 | 1,309 | – | – | 5,605 | PDF p. 65 |
| Notes payables (Note 29)$’000 | 22,345 | (1,479) | 1,479 | – | – | 177 | 22,522 | PDF p. 65 |
| Accrued interest expense within trade and other payables$’000 | 1,544 | (9,376) | 8,270 | – | – | – | 438 | PDF p. 65 |
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Definitions & sources
Original report: PDF p. 65 ↗
Non-cash changes are shown in the original header.
Group / Company financial position — FY2023 source
45 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and bank balancesSingapore dollars thousands | 95,832 | 82,432 | 136 | 178 | PDF p. 60 |
| Investment securitiesSingapore dollars thousands | 1,417 | 1,382 | – | – | PDF p. 60 |
| Trade and other receivablesSingapore dollars thousands | 78,875 | 50,811 | 5 | 13 | PDF p. 60 |
| Contract assetsSingapore dollars thousands | 156,723 | 146,011 | – | – | PDF p. 60 |
| Amounts due from subsidiariesSingapore dollars thousands | – | – | 21,529 | 22,768 | PDF p. 60 |
| Amounts due from joint venturesSingapore dollars thousands | 29,913 | 28,060 | – | – | PDF p. 60 |
| InventoriesSingapore dollars thousands | 6,031 | 7,708 | – | – | PDF p. 60 |
| Development propertiesSingapore dollars thousands | 1,048 | 93,998 | – | – | PDF p. 60 |
| Income tax receivablesSingapore dollars thousands | 730 | 730 | – | – | PDF p. 60 |
| Other current assetsSingapore dollars thousands | 4,447 | 4,793 | – | – | PDF p. 60 |
| SubtotalSingapore dollars thousands | 375,016 | 415,925 | 21,670 | 22,959 | PDF p. 60 |
| Non-current assets | |||||
| Trade and other receivablesSingapore dollars thousands | 5,900 | 30,127 | – | – | PDF p. 60 |
| Contract assetsSingapore dollars thousands | 38,267 | 36,232 | – | – | PDF p. 60 |
| Investment securitiesSingapore dollars thousands | 6,483 | 7,960 | – | – | PDF p. 60 |
| Investment in subsidiariesSingapore dollars thousands | – | – | 156,865 | 156,741 | PDF p. 60 |
| Investments in associated companiesSingapore dollars thousands | 284 | 97 | – | – | PDF p. 60 |
| Investments in joint venturesSingapore dollars thousands | 92,719 | 93,178 | – | – | PDF p. 60 |
| Investment propertiesSingapore dollars thousands | 100,989 | 108,407 | – | – | PDF p. 60 |
| Property, plant and equipmentSingapore dollars thousands | 98,632 | 104,906 | – | – | PDF p. 60 |
| GoodwillSingapore dollars thousands | 5,078 | 5,078 | – | – | PDF p. 60 |
| SubtotalSingapore dollars thousands | 348,352 | 385,985 | 156,865 | 156,741 | PDF p. 60 |
| Total assetsSingapore dollars thousands | 723,368 | 801,910 | 178,535 | 179,700 | PDF p. 60 |
| Current liabilities | |||||
| Trade and other payablesSingapore dollars thousands | 85,108 | 92,811 | 1,297 | 1,462 | PDF p. 60 |
| Contract liabilitiesSingapore dollars thousands | 25,775 | 15,058 | – | – | PDF p. 60 |
| Amounts due to subsidiariesSingapore dollars thousands | – | – | 37,346 | 38,186 | PDF p. 60 |
| Amounts due to joint venturesSingapore dollars thousands | 35,796 | 38,291 | – | – | PDF p. 60 |
| Current income tax liabilitiesSingapore dollars thousands | 538 | 1,069 | – | – | PDF p. 60 |
| Bank borrowings and lease liabilitiesSingapore dollars thousands | 134,804 | 177,768 | – | – | PDF p. 60 |
| SubtotalSingapore dollars thousands | 282,021 | 324,997 | 38,643 | 39,648 | PDF p. 60 |
| Non-current liabilities | |||||
| Trade and other payablesSingapore dollars thousands | 10,746 | 9,480 | – | – | PDF p. 60 |
| Amount due to a subsidiarySingapore dollars thousands | – | – | 19,011 | 19,011 | PDF p. 60 |
| Bank borrowings and lease liabilitiesSingapore dollars thousands | 82,942 | 89,285 | – | – | PDF p. 60 |
| Notes payablesSingapore dollars thousands | 22,345 | 22,168 | 22,345 | 22,168 | PDF p. 60 |
| Deferred income tax liabilitiesSingapore dollars thousands | 6,519 | 6,717 | – | – | PDF p. 60 |
| SubtotalSingapore dollars thousands | 122,552 | 127,650 | 41,356 | 41,179 | PDF p. 60 |
| Total liabilitiesSingapore dollars thousands | 404,573 | 452,647 | 79,999 | 80,827 | PDF p. 60 |
| NET ASSETSSingapore dollars thousands | 318,795 | 349,263 | 98,536 | 98,873 | PDF p. 60 |
| Capital and reserves attributable to equity holders of the Company | |||||
| Share capitalSingapore dollars thousands | 36,981 | 36,981 | 36,981 | 36,981 | PDF p. 60 |
| Treasury sharesSingapore dollars thousands | (7,983) | (7,983) | (7,983) | (7,983) | PDF p. 60 |
| Other reservesSingapore dollars thousands | (6,761) | (5,993) | – | – | PDF p. 60 |
| Retained profitsSingapore dollars thousands | 253,650 | 276,435 | 69,538 | 69,875 | PDF p. 60 |
| Currency translation reserveSingapore dollars thousands | (11,002) | (10,551) | – | – | PDF p. 60 |
| SubtotalSingapore dollars thousands | 264,885 | 288,889 | 98,536 | 98,873 | PDF p. 60 |
| Non-controlling interestsSingapore dollars thousands | 53,910 | 60,374 | – | – | PDF p. 60 |
| Total equitySingapore dollars thousands | 318,795 | 349,263 | 98,536 | 98,873 | PDF p. 60 |
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Definitions & sources
Original report: PDF p. 60 ↗
Group income / comprehensive income — FY2023 source
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Income and expenses | |||
| SalesSingapore dollars thousands | 356,249 | 353,050 | PDF p. 59 |
| Cost of salesSingapore dollars thousands | (348,742) | (327,012) | PDF p. 59 |
| Gross profitSingapore dollars thousands | 7,507 | 26,038 | PDF p. 59 |
| Other incomeSingapore dollars thousands | 1,367 | 1,620 | PDF p. 59 |
| Other gains – netSingapore dollars thousands | 596 | 15,027 | PDF p. 59 |
| – Distribution and marketing – Allowance for impairment of trade receivablesSingapore dollars thousands | (228) | (119) | PDF p. 59 Label p. 59 |
| – OthersSingapore dollars thousands | (7,229) | (4,698) | PDF p. 59 |
| – AdministrativeSingapore dollars thousands | (17,291) | (16,981) | PDF p. 59 |
| – FinanceSingapore dollars thousands | (14,031) | (10,788) | PDF p. 59 |
| – Other – Write-back of allowance for/(allowance for) impairment of loans to joint venturesSingapore dollars thousands | 1,174 | (771) | PDF p. 59 Label p. 59 |
| – Write-back of allowance for/(allowance for) impairment of sundry debtorsSingapore dollars thousands | 295 | (613) | PDF p. 59 Label p. 59 |
| – Allowance for impairment of investment securitiesSingapore dollars thousands | (865) | (1,014) | PDF p. 59 |
| – OthersSingapore dollars thousands | 159 | (84) | PDF p. 59 |
| Share of profit/(loss) of associated companiesSingapore dollars thousands | 187 | (342) | PDF p. 59 |
| Share of profit of joint venturesSingapore dollars thousands | 2,541 | 1,974 | PDF p. 59 |
| (Loss)/profit before income taxSingapore dollars thousands | (25,818) | 9,249 | PDF p. 59 |
| Income tax expenseSingapore dollars thousands | (1,200) | (1,027) | PDF p. 59 |
| (Loss)/profit after income taxSingapore dollars thousands | (27,018) | 8,222 | PDF p. 59 |
| Profit/(loss) attributable to: | |||
| Equity holders of the CompanySingapore dollars thousands | (21,960) | 6,013 | PDF p. 59 |
| Non-controlling interestsSingapore dollars thousands | (5,058) | 2,209 | PDF p. 59 |
| SubtotalSingapore dollars thousands | (27,018) | 8,222 | PDF p. 59 |
| Earnings/(loss) per share | |||
| – Basic (loss)/earnings per share (in cents)cents per share | (5.32) | 1.46 | PDF p. 59 |
| – Diluted (loss)/earnings per share (in cents)cents per share | (5.32) | 1.46 | PDF p. 59 |
| Profit/(loss) after income tax | |||
| (Loss)/profit after income taxSingapore dollars thousands | (27,018) | 8,222 | PDF p. 59 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Currency translation loss arising from consolidationSingapore dollars thousands | (1,001) | (1,666) | PDF p. 59 |
| Fair value gain/(loss) on debt financial assets, at FVOCISingapore dollars thousands | 88 | (222) | PDF p. 59 |
| SubtotalSingapore dollars thousands | (913) | (1,888) | PDF p. 59 |
| Items that may not be reclassified subsequently to profit or loss: | |||
| Fair value loss on equity financial assets, at FVOCISingapore dollars thousands | (855) | (2,622) | PDF p. 59 |
| Other comprehensive loss, net of taxSingapore dollars thousands | (1,768) | (4,510) | PDF p. 59 |
| Total comprehensive (loss)/incomeSingapore dollars thousands | (28,786) | 3,712 | PDF p. 59 |
| Total comprehensive (loss)/income attributable to: | |||
| Equity holders of the CompanySingapore dollars thousands | (23,178) | 1,825 | PDF p. 59 |
| Non-controlling interestsSingapore dollars thousands | (5,608) | 1,887 | PDF p. 59 |
| SubtotalSingapore dollars thousands | (28,786) | 3,712 | PDF p. 59 |
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Definitions & sources
Original report: PDF p. 59 ↗
Group changes in equity — FY2023 source / ending2023
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — Share capital | 2023Group — Treasury shares | 2023Group — Other reserves | 2023Group — Retained profits | 2023Group — Currency translation reserve | 2023Group — Attributable total | 2023Group — Non-controlling interests | 2023Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2023 source | |||||||||
| Balance at 1 January 2023Singapore dollars thousands | 36,981 | (7,983) | (5,993) | 276,435 | (10,551) | 288,889 | 60,374 | 349,263 | PDF p. 61 |
| Loss for the financial yearSingapore dollars thousands | – | – | – | (21,960) | – | (21,960) | (5,058) | (27,018) | PDF p. 61 |
| Other comprehensive loss for the financial yearSingapore dollars thousands | – | – | (767) | – | (451) | (1,218) | (550) | (1,768) | PDF p. 61 Label p. 61 |
| Total comprehensive loss for the financial yearSingapore dollars thousands | – | – | (767) | (21,960) | (451) | (23,178) | (5,608) | (28,786) | PDF p. 61 Label p. 61 |
| Share based payment pursuant to performance share plan by a subsidiarySingapore dollars thousands | – | – | (1) | – | – | (1) | 6 | 5 | PDF p. 61 Label p. 61 |
| Exercise of warrants issued by a listed subsidiarySingapore dollars thousands | – | – | – | – | – | – | 3 | 3 | PDF p. 61 Label p. 61 |
| Dividends paidSingapore dollars thousands | – | – | – | (825) | – | (825) | (865) | (1,690) | PDF p. 61 |
| Total transactions with owners, recognised directly in equitySingapore dollars thousands | – | – | (1) | (825) | – | (826) | (856) | (1,682) | PDF p. 61 Label p. 61 |
| Balance at 31 December 2023Singapore dollars thousands | 36,981 | (7,983) | (6,761) | 253,650 | (11,002) | 264,885 | 53,910 | 318,795 | PDF p. 61 |
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Definitions & sources
Original report: PDF p. 61 ↗
Group changes in equity — FY2023 source / ending2022
10 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Share capital | 2022Group — Treasury shares | 2022Group — Other reserves | 2022Group — Retained profits | 2022Group — Currency translation reserve | 2022Group — Attributable total | 2022Group — Non-controlling interests | 2022Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2023 source | |||||||||
| Balance at 1 January 2022Singapore dollars thousands | 36,981 | (7,983) | (3,194) | 270,689 | (9,382) | 287,111 | 55,627 | 342,738 | PDF p. 61 |
| Profit for the financial yearSingapore dollars thousands | – | – | – | 6,013 | – | 6,013 | 2,209 | 8,222 | PDF p. 61 |
| Other comprehensive loss for the financial yearSingapore dollars thousands | – | – | (2,799) | – | (1,389) | (4,188) | (322) | (4,510) | PDF p. 61 Label p. 61 |
| Total comprehensive (loss)/ income for the financial yearSingapore dollars thousands | – | – | (2,799) | 6,013 | (1,389) | 1,825 | 1,887 | 3,712 | PDF p. 61 Label p. 61 |
| Change in ownership interests in subsidiariesSingapore dollars thousands | – | – | – | 719 | 220 | 939 | (1,169) | (230) | PDF p. 61 Label p. 61 |
| Share based payment pursuant to performance share plan by a subsidiarySingapore dollars thousands | – | – | – | – | – | – | 5 | 5 | PDF p. 61 Label p. 61 |
| Issuance of shares by a subsidiary, net of expensesSingapore dollars thousands | – | – | – | (161) | – | (161) | 4,901 | 4,740 | PDF p. 61 Label p. 61 |
| Dividends paidSingapore dollars thousands | – | – | – | (825) | – | (825) | (877) | (1,702) | PDF p. 61 |
| Total transactions with owners, recognised directly in equitySingapore dollars thousands | – | – | – | (267) | 220 | (47) | 2,860 | 2,813 | PDF p. 61 Label p. 61 |
| Balance at 31 December 2022Singapore dollars thousands | 36,981 | (7,983) | (5,993) | 276,435 | (10,551) | 288,889 | 60,374 | 349,263 | PDF p. 61 |
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Definitions & sources
Original report: PDF p. 61 ↗
Group cash flows — FY2023 source
47 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Group cash flows — FY2023 source | |||
| (Loss)/profit after income taxSingapore dollars thousands | (27,018) | 8,222 | PDF p. 62 |
| Adjustments for: | |||
| – Income tax expenseSingapore dollars thousands | 1,200 | 1,027 | PDF p. 62 |
| – (Write-back of allowance for)/allowance for impairment of loans to joint venturesSingapore dollars thousands | (1,174) | 771 | PDF p. 62 Label p. 62 |
| – Allowance for investment securitiesSingapore dollars thousands | 865 | 1,014 | PDF p. 62 |
| – Depreciation of property, plant and equipmentSingapore dollars thousands | 11,047 | 10,022 | PDF p. 62 |
| – Property, plant and equipment written offSingapore dollars thousands | 153 | 2 | PDF p. 62 |
| – Fair value loss/(gain) on investment propertiesSingapore dollars thousands | 7 | (6,436) | PDF p. 62 |
| – Gain on disposal of property, plant and equipmentSingapore dollars thousands | (424) | (8,626) | PDF p. 62 |
| – Gain on disposal of investment propertiesSingapore dollars thousands | (392) | – | PDF p. 62 |
| – Share of (profit)/loss of associated companiesSingapore dollars thousands | (187) | 342 | PDF p. 62 |
| – Share of profit of joint venturesSingapore dollars thousands | (2,541) | (1,974) | PDF p. 62 |
| – Finance expenseSingapore dollars thousands | 14,031 | 10,788 | PDF p. 62 |
| – Interest incomeSingapore dollars thousands | (1,099) | (993) | PDF p. 62 |
| – Unrealised translation lossSingapore dollars thousands | 959 | 281 | PDF p. 62 |
| SubtotalSingapore dollars thousands | (4,573) | 14,440 | PDF p. 62 |
| Change in working capital: – Trade and other receivablesSingapore dollars thousands | (3,823) | 6,491 | PDF p. 62 Label p. 62 |
| – InventoriesSingapore dollars thousands | 1,677 | 2,583 | PDF p. 62 |
| – Contract assets and liabilitiesSingapore dollars thousands | (2,030) | (50,871) | PDF p. 62 |
| – Development propertiesSingapore dollars thousands | 92,950 | 34,404 | PDF p. 62 |
| – Other current assetsSingapore dollars thousands | 346 | 6 | PDF p. 62 |
| – Trade and other payablesSingapore dollars thousands | (6,352) | 16,790 | PDF p. 62 |
| – Amount due from/to joint venturesSingapore dollars thousands | (709) | 16,928 | PDF p. 62 |
| Cash generated from operationsSingapore dollars thousands | 77,486 | 40,771 | PDF p. 62 |
| Income tax paidSingapore dollars thousands | (1,902) | (1,323) | PDF p. 62 |
| Net cash provided by operating activitiesSingapore dollars thousands | 75,584 | 39,448 | PDF p. 62 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (2,261) | (3,282) | PDF p. 62 |
| Net (purchase)/proceeds from investment securitiesSingapore dollars thousands | (190) | 235 | PDF p. 62 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars thousands | 469 | 16,567 | PDF p. 62 |
| Proceeds from disposal of investment properties, net of expensesSingapore dollars thousands | 7,692 | – | PDF p. 62 |
| Dividends received from joint venturesSingapore dollars thousands | – | 3,000 | PDF p. 62 |
| Interest receivedSingapore dollars thousands | 1,099 | 993 | PDF p. 62 |
| Net cash provided by investing activitiesSingapore dollars thousands | 6,809 | 17,513 | PDF p. 62 |
| Cash flows from financing activities | |||
| Proceeds from issuance of shares by listed subsidiaries, net of expensesSingapore dollars thousands | 3 | 4,740 | PDF p. 63 |
| Proceeds from bank borrowingsSingapore dollars thousands | 52,337 | 23,452 | PDF p. 63 |
| Proceeds from issuance of new series of notes payablesSingapore dollars thousands | – | 10,500 | PDF p. 63 |
| Notes issuance expense paidSingapore dollars thousands | – | (582) | PDF p. 63 |
| Principal payment of lease liabilitiesSingapore dollars thousands | (7,983) | (8,505) | PDF p. 63 |
| Repayment of bank borrowingsSingapore dollars thousands | (96,905) | (28,622) | PDF p. 63 |
| Redemption of notes payablesSingapore dollars thousands | – | (57,750) | PDF p. 63 |
| Dividends paid to equity holders of the CompanySingapore dollars thousands | (825) | (825) | PDF p. 63 |
| Dividends paid to non-controlling interestsSingapore dollars thousands | (865) | (877) | PDF p. 63 |
| Interest paidSingapore dollars thousands | (13,409) | (10,113) | PDF p. 63 |
| Net cash used in financing activitiesSingapore dollars thousands | (67,647) | (68,582) | PDF p. 63 |
| Cash and bank balances reconciliation | |||
| Net change in cash and bank balancesSingapore dollars thousands | 14,746 | (11,621) | PDF p. 63 |
| Beginning of financial yearSingapore dollars thousands | 82,432 | 95,152 | PDF p. 63 |
| Effects of currency translation on cash and bank balancesSingapore dollars thousands | (1,346) | (1,099) | PDF p. 63 |
| End of financial yearSingapore dollars thousands | 95,832 | 82,432 | PDF p. 63 |
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Definitions & sources
Original report: PDF p. 62 ↗ PDF p. 63 ↗
Historical financing liabilities reconciliation — FY2023 in FY2023 source
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Beginning of financial year | 2023Net cash flows | 2023Interest expense | 2023Additions to property, plant and equipment | 2023Foreign exchange movement | 2023Amortisation of notes issuance expenses | 2023End of financial year | Source |
|---|---|---|---|---|---|---|---|---|
| Reconciliation of liabilities arising from financing activities | ||||||||
| Bank borrowings (Note 28 and 29)Singapore dollars thousands | 253,132 | (44,568) | – | – | (64) | – | 208,500 | PDF p. 63 Label p. 63 |
| Lease liabilities (Note 28)Singapore dollars thousands | 13,921 | (8,328) | 345 | 3,308 | – | – | 9,246 | PDF p. 63 |
| Notes payables (Note 30)Singapore dollars thousands | 22,168 | (1,479) | 1,479 | – | – | 177 | 22,345 | PDF p. 63 |
| Accrued interest expense within trade and other payablesSingapore dollars thousands | 1,447 | (11,585) | 11,682 | – | – | – | 1,544 | PDF p. 63 Label p. 63 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 63 ↗
Original non-cash change columns retained, including FY2021/FY2020 modification of lease liabilities and held-for-sale reclassification.
Historical financing liabilities reconciliation — FY2022 in FY2023 source
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Beginning of financial year | 2022Net cash flows | 2022Interest expense | 2022Additions to property, plant and equipment | 2022Foreign exchange movement | 2022Amortisation of notes issuance expenses | 2022End of financial year | Source |
|---|---|---|---|---|---|---|---|---|
| 2022 | ||||||||
| Bank borrowings (Note 28 and 29)Singapore dollars thousands | 258,413 | (5,170) | – | – | (111) | – | 253,132 | PDF p. 63 Label p. 63 |
| Lease liabilities (Note 28)Singapore dollars thousands | 17,856 | (8,916) | 411 | 4,570 | – | – | 13,921 | PDF p. 63 |
| Notes payables (Note 30)Singapore dollars thousands | 70,000 | (51,055) | 3,223 | – | – | – | 22,168 | PDF p. 63 |
| Accrued interest expense within trade and other payablesSingapore dollars thousands | 772 | (6,479) | 7,154 | – | – | – | 1,447 | PDF p. 63 Label p. 63 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 63 ↗
Original non-cash change columns retained, including FY2021/FY2020 modification of lease liabilities and held-for-sale reclassification.
Group / Company financial position — FY2021 source
48 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | 2021Company | 2020Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and bank balancesSingapore dollars thousands | 95,152 | 101,849 | 989 | 186 | PDF p. 52 |
| Investment securitiesSingapore dollars thousands | 2,730 | 3,489 | – | 218 | PDF p. 52 |
| Trade and other receivablesSingapore dollars thousands | 57,293 | 40,947 | 7 | 7 | PDF p. 52 |
| Contract assetsSingapore dollars thousands | 123,370 | 130,089 | – | – | PDF p. 52 |
| Amounts due from subsidiariesSingapore dollars thousands | – | – | 39,920 | 42,193 | PDF p. 52 |
| Amounts due from joint venturesSingapore dollars thousands | 45,245 | 44,009 | – | – | PDF p. 52 |
| InventoriesSingapore dollars thousands | 10,291 | 2,709 | – | – | PDF p. 52 |
| Development propertiesSingapore dollars thousands | 128,402 | 122,057 | – | – | PDF p. 52 |
| Income tax receivablesSingapore dollars thousands | 730 | 730 | – | – | PDF p. 52 |
| Other current assetsSingapore dollars thousands | 4,799 | 5,940 | – | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 468,012 | 451,819 | 40,916 | 42,604 | PDF p. 52 |
| Property held-for-saleSingapore dollars thousands | 3,216 | – | – | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 471,228 | 451,819 | 40,916 | 42,604 | PDF p. 52 |
| Non-current assets | |||||
| Trade and other receivablesSingapore dollars thousands | 30,127 | 29,393 | – | – | PDF p. 52 |
| Contract assetsSingapore dollars thousands | 4,296 | 3,869 | – | – | PDF p. 52 |
| Investment securitiesSingapore dollars thousands | 10,705 | 792 | – | – | PDF p. 52 |
| Investment in subsidiariesSingapore dollars thousands | – | – | 156,615 | 156,479 | PDF p. 52 |
| Investments in associated companiesSingapore dollars thousands | 439 | 280 | – | – | PDF p. 52 |
| Investments in joint venturesSingapore dollars thousands | 94,202 | 99,516 | – | – | PDF p. 52 |
| Investment propertiesSingapore dollars thousands | 102,169 | 95,224 | – | – | PDF p. 52 |
| Property, plant and equipmentSingapore dollars thousands | 110,715 | 133,404 | – | – | PDF p. 52 |
| GoodwillSingapore dollars thousands | 5,078 | 5,078 | – | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 357,731 | 367,556 | 156,615 | 156,479 | PDF p. 52 |
| Total assetsSingapore dollars thousands | 828,959 | 819,375 | 197,531 | 199,083 | PDF p. 52 |
| Current liabilities | |||||
| Trade and other payablesSingapore dollars thousands | 75,783 | 97,523 | 1,602 | 1,706 | PDF p. 52 |
| Contract liabilitiesSingapore dollars thousands | 11,352 | 7,347 | – | – | PDF p. 52 |
| Amounts due to subsidiariesSingapore dollars thousands | – | – | 8,305 | 10,934 | PDF p. 52 |
| Amounts due to joint venturesSingapore dollars thousands | 37,778 | 38,340 | – | – | PDF p. 52 |
| Current income tax liabilitiesSingapore dollars thousands | 818 | 463 | – | – | PDF p. 52 |
| Bank borrowings and lease liabilitiesSingapore dollars thousands | 81,219 | 90,164 | – | – | PDF p. 52 |
| Notes payablesSingapore dollars thousands | 70,000 | – | 70,000 | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 276,950 | 233,837 | 79,907 | 12,640 | PDF p. 52 |
| Non-current liabilities | |||||
| Trade and other payablesSingapore dollars thousands | 6,943 | 4,649 | – | – | PDF p. 52 |
| Amount due to a subsidiarySingapore dollars thousands | – | – | 19,011 | 19,011 | PDF p. 52 |
| Bank borrowings and lease liabilitiesSingapore dollars thousands | 195,050 | 200,544 | – | – | PDF p. 52 |
| Notes payablesSingapore dollars thousands | – | 70,000 | – | 70,000 | PDF p. 52 |
| Deferred income tax liabilitiesSingapore dollars thousands | 7,278 | 7,775 | – | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 209,271 | 282,968 | 19,011 | 89,011 | PDF p. 52 |
| Total liabilitiesSingapore dollars thousands | 486,221 | 516,805 | 98,918 | 101,651 | PDF p. 52 |
| NET ASSETSSingapore dollars thousands | 342,738 | 302,570 | 98,613 | 97,432 | PDF p. 52 |
| Capital and reserves attributable to equity holders of the Company | |||||
| Share capitalSingapore dollars thousands | 36,981 | 36,981 | 36,981 | 36,981 | PDF p. 52 |
| Treasury sharesSingapore dollars thousands | (7,983) | (7,983) | (7,983) | (7,983) | PDF p. 52 |
| Other reservesSingapore dollars thousands | (3,194) | (2,311) | – | – | PDF p. 52 |
| Retained profitsSingapore dollars thousands | 270,689 | 270,633 | 69,615 | 68,434 | PDF p. 52 |
| Currency translation reserveSingapore dollars thousands | (9,382) | (9,432) | – | – | PDF p. 52 |
| SubtotalSingapore dollars thousands | 287,111 | 287,888 | 98,613 | 97,432 | PDF p. 52 |
| Non-controlling interestsSingapore dollars thousands | 55,627 | 14,682 | – | – | PDF p. 52 |
| Total equitySingapore dollars thousands | 342,738 | 302,570 | 98,613 | 97,432 | PDF p. 52 |
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Definitions & sources
Original report: PDF p. 52 ↗
Group income / comprehensive income — FY2021 source
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Income and expenses | |||
| SalesSingapore dollars thousands | 252,621 | 243,066 | PDF p. 51 |
| Cost of salesSingapore dollars thousands | (231,047) | (241,606) | PDF p. 51 |
| Gross profitSingapore dollars thousands | 21,574 | 1,460 | PDF p. 51 |
| Other incomeSingapore dollars thousands | 1,828 | 2,741 | PDF p. 51 |
| Other gains - netSingapore dollars thousands | 8,659 | 3,116 | PDF p. 51 |
| - Distribution and marketing - Write-back of allowance for/ (allowance for) impairment of trade receivablesSingapore dollars thousands | 658 | (645) | PDF p. 51 Label p. 51 |
| - OthersSingapore dollars thousands | (1,887) | (2,303) | PDF p. 51 |
| - AdministrativeSingapore dollars thousands | (14,391) | (13,141) | PDF p. 51 |
| - FinanceSingapore dollars thousands | (9,200) | (10,833) | PDF p. 51 |
| - Other - Allowance for impairment of loans to joint venturesSingapore dollars thousands | (1,377) | (1,469) | PDF p. 51 Label p. 51 |
| - Write-back of allowance for/ (allowance for) impairment of sundry debtorsSingapore dollars thousands | 9 | (238) | PDF p. 51 Label p. 51 |
| - OthersSingapore dollars thousands | (84) | (680) | PDF p. 51 |
| Share of profit/(loss) of associated companiesSingapore dollars thousands | 159 | (1,071) | PDF p. 51 |
| Share of profit of joint venturesSingapore dollars thousands | 2,880 | 6,844 | PDF p. 51 |
| Profit/(loss) before income taxSingapore dollars thousands | 8,828 | (16,219) | PDF p. 51 |
| Income tax expenseSingapore dollars thousands | (635) | (500) | PDF p. 51 |
| Profit/(loss) after income taxSingapore dollars thousands | 8,193 | (16,719) | PDF p. 51 |
| Profit/(loss) attributable to: | |||
| Equity holders of the CompanySingapore dollars thousands | 6,900 | (14,806) | PDF p. 51 |
| Non-controlling interestsSingapore dollars thousands | 1,293 | (1,913) | PDF p. 51 |
| SubtotalSingapore dollars thousands | 8,193 | (16,719) | PDF p. 51 |
| Earnings/(loss) per share | |||
| - Basic earnings/(loss) per share (in cents)cents per share | 1.67 | (3.59) | PDF p. 51 |
| - Diluted earnings/(loss) per share (in cents)cents per share | 1.67 | (3.59) | PDF p. 51 |
| Profit/(loss) after income tax | |||
| Profit/(loss) after income taxSingapore dollars thousands | 8,193 | (16,719) | PDF p. 51 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Currency translation arising from consolidation - (Loss)/gainSingapore dollars thousands | (553) | 305 | PDF p. 51 Label p. 51 |
| - ReclassificationSingapore dollars thousands | – | (248) | PDF p. 51 |
| Fair value gain/(loss) on debt financial assets, at FVOCISingapore dollars thousands | 1 | (200) | PDF p. 51 |
| SubtotalSingapore dollars thousands | (552) | (143) | PDF p. 51 |
| Items that may not be reclassified subsequently to profit or loss: | |||
| Fair value loss on equity financial assets, at FVOCISingapore dollars thousands | (4,151) | (1,181) | PDF p. 51 |
| Other comprehensive loss, net of taxSingapore dollars thousands | (4,703) | (1,324) | PDF p. 51 |
| Total comprehensive income/(loss)Singapore dollars thousands | 3,490 | (18,043) | PDF p. 51 |
| Total comprehensive income/(loss) attributable to: | |||
| Equity holders of the CompanySingapore dollars thousands | 2,185 | (16,020) | PDF p. 51 |
| Non-controlling interestsSingapore dollars thousands | 1,305 | (2,023) | PDF p. 51 |
| SubtotalSingapore dollars thousands | 3,490 | (18,043) | PDF p. 51 |
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Definitions & sources
Original report: PDF p. 51 ↗
Group changes in equity — FY2021 source / ending2021
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Share capital | 2021Group — Treasury shares | 2021Group — Other reserves | 2021Group — Retained profits | 2021Group — Currency translation reserve | 2021Group — Attributable total | 2021Group — Non-controlling interests | 2021Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2021 source | |||||||||
| Balance at 1 January 2021Singapore dollars thousands | 36,981 | (7,983) | (2,311) | 270,633 | (9,432) | 287,888 | 14,682 | 302,570 | PDF p. 53 |
| Profit for the financial yearSingapore dollars thousands | – | – | – | 6,900 | – | 6,900 | 1,293 | 8,193 | PDF p. 53 |
| Other comprehensive (loss)/ income for the financial yearSingapore dollars thousands | – | – | (4,148) | – | (567) | (4,715) | 12 | (4,703) | PDF p. 53 Label p. 53 |
| Total comprehensive (loss)/ income for the financial yearSingapore dollars thousands | – | – | (4,148) | 6,900 | (567) | 2,185 | 1,305 | 3,490 | PDF p. 53 Label p. 53 |
| Change in ownership interests in subsidiariesSingapore dollars thousands | – | – | 257 | (2,889) | 617 | (2,015) | 2,015 | – | PDF p. 53 Label p. 53 |
| Share based payment pursuant to performance share plan by a subsidiarySingapore dollars thousands | – | – | 8 | – | – | 8 | 7 | 15 | PDF p. 53 Label p. 53 |
| Issuance of shares by a subsidiary, net of expensesSingapore dollars thousands | – | – | – | (955) | – | (955) | 37,789 | 36,834 | PDF p. 53 Label p. 53 |
| Exercise of warrants issued by a subsidiarySingapore dollars thousands | – | – | – | – | – | – | 439 | 439 | PDF p. 53 Label p. 53 |
| Transfer upon realisation of fair value loss in equity financial assets, at FVOCISingapore dollars thousands | – | – | 3,000 | (3,000) | – | – | – | – | PDF p. 53 Label p. 53 |
| Dividend paid to non-controlling interestsSingapore dollars thousands | – | – | – | – | – | – | (610) | (610) | PDF p. 53 Label p. 53 |
| Total transactions with owners, recognised directly in equitySingapore dollars thousands | – | – | 3,265 | (6,844) | 617 | (2,962) | 39,640 | 36,678 | PDF p. 53 Label p. 53 |
| Balance at 31 December 2021Singapore dollars thousands | 36,981 | (7,983) | (3,194) | 270,689 | (9,382) | 287,111 | 55,627 | 342,738 | PDF p. 53 |
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Definitions & sources
Original report: PDF p. 53 ↗
Group changes in equity — FY2021 source / ending2020
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020Group — Share capital | 2020Group — Treasury shares | 2020Group — Other reserves | 2020Group — Retained profits | 2020Group — Currency translation reserve | 2020Group — Attributable total | 2020Group — Non-controlling interests | 2020Group — Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2021 source | |||||||||
| Balance at 1 January 2020Singapore dollars thousands | 36,981 | (7,983) | (974) | 283,247 | (9,475) | 301,796 | 20,914 | 322,710 | PDF p. 53 |
| Loss for the financial yearSingapore dollars thousands | – | – | – | (14,806) | – | (14,806) | (1,913) | (16,719) | PDF p. 53 |
| Other comprehensive (loss)/ income for the financial yearSingapore dollars thousands | – | – | (1,332) | – | 118 | (1,214) | (110) | (1,324) | PDF p. 53 Label p. 53 |
| Total comprehensive (loss)/ income for the financial yearSingapore dollars thousands | – | – | (1,332) | (14,806) | 118 | (16,020) | (2,023) | (18,043) | PDF p. 53 Label p. 53 |
| Change in ownership interests in subsidiariesSingapore dollars thousands | – | – | (29) | 3,242 | (75) | 3,138 | (3,138) | – | PDF p. 53 Label p. 53 |
| Share based payment pursuant to performance share plan by a subsidiarySingapore dollars thousands | – | – | 5 | – | – | 5 | 19 | 24 | PDF p. 53 Label p. 53 |
| Disposal of subsidiariesSingapore dollars thousands | – | – | 19 | (19) | – | – | (23) | (23) | PDF p. 53 |
| Dividend paidSingapore dollars thousands | – | – | – | (1,031) | – | (1,031) | (91) | (1,122) | PDF p. 53 |
| Dividend paid to non-controlling interestsSingapore dollars thousands | – | – | – | – | – | – | (976) | (976) | PDF p. 53 Label p. 53 |
| Total transactions with owners, recognised directly in equitySingapore dollars thousands | – | – | (5) | 2,192 | (75) | 2,112 | (4,209) | (2,097) | PDF p. 53 Label p. 53 |
| Balance at 31 December 2020Singapore dollars thousands | 36,981 | (7,983) | (2,311) | 270,633 | (9,432) | 287,888 | 14,682 | 302,570 | PDF p. 53 |
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Definitions & sources
Original report: PDF p. 53 ↗
Group cash flows — FY2021 source
50 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit/(loss) after income taxSingapore dollars thousands | 8,193 | (16,719) | PDF p. 54 |
| Adjustments for: | |||
| - Income tax expenseSingapore dollars thousands | 635 | 500 | PDF p. 54 |
| - (Write-back of allowance for)/allowance for inventory obsolescenceSingapore dollars thousands | (2,280) | 627 | PDF p. 54 |
| - Depreciation of property, plant and equipmentSingapore dollars thousands | 15,943 | 21,744 | PDF p. 54 |
| - Dividend incomeSingapore dollars thousands | – | (78) | PDF p. 54 |
| - (Write-back of allowance for)/allowance for impairment of property, plant and equipmentSingapore dollars thousands | (169) | 224 | PDF p. 54 Label p. 54 |
| - Property, plant and equipment written offSingapore dollars thousands | 21 | 172 | PDF p. 54 |
| - Fair value (gain)/loss on investment propertiesSingapore dollars thousands | (7,089) | 317 | PDF p. 54 |
| - Gain on disposal of property, plant and equipmentSingapore dollars thousands | (682) | (1,081) | PDF p. 54 |
| - Gain on disposal of subsidiariesSingapore dollars thousands | – | (286) | PDF p. 54 |
| - Fair value gain on financial assets, at fair value through profit or lossSingapore dollars thousands | – | (1,717) | PDF p. 54 |
| - Share of (profit)/loss of associated companiesSingapore dollars thousands | (159) | 1,071 | PDF p. 54 |
| - Share of profit of joint venturesSingapore dollars thousands | (2,880) | (6,844) | PDF p. 54 |
| - Finance expenseSingapore dollars thousands | 9,200 | 10,833 | PDF p. 54 |
| - Interest incomeSingapore dollars thousands | (1,209) | (1,986) | PDF p. 54 |
| - Unrealised translation (gain)/lossSingapore dollars thousands | (514) | 38 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 19,010 | 6,815 | PDF p. 54 |
| Change in working capital, net of effects from disposal of subsidiaries: - Trade and other receivablesSingapore dollars thousands | (17,050) | 13,452 | PDF p. 54 Label p. 54 |
| - InventoriesSingapore dollars thousands | (5,302) | 2,097 | PDF p. 54 |
| - Contract assets and liabilitiesSingapore dollars thousands | 10,296 | 2,326 | PDF p. 54 |
| - Development propertiesSingapore dollars thousands | (6,344) | 14,481 | PDF p. 54 |
| - Other current assetsSingapore dollars thousands | 1,141 | 335 | PDF p. 54 |
| - Trade and other payablesSingapore dollars thousands | (19,531) | (24,677) | PDF p. 54 |
| - Amount due from/to joint venturesSingapore dollars thousands | (1,798) | 13,991 | PDF p. 54 |
| Cash (used in)/generated from operationsSingapore dollars thousands | (19,578) | 28,820 | PDF p. 54 |
| Income tax paidSingapore dollars thousands | (775) | (302) | PDF p. 54 |
| Net cash (used in)/generated from operating activitiesSingapore dollars thousands | (20,353) | 28,518 | PDF p. 54 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (3,021) | (2,303) | PDF p. 54 |
| Net (purchase)/proceeds from investment securitiesSingapore dollars thousands | (13,302) | 1,922 | PDF p. 54 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars thousands | 3,135 | 1,398 | PDF p. 54 |
| Proceeds from disposal of a subsidiary, net of cash disposed ofSingapore dollars thousands | – | 34 | PDF p. 54 |
| Proceeds from liquidation of a joint ventureSingapore dollars thousands | 2,539 | – | PDF p. 54 |
| Additions to investment propertiesSingapore dollars thousands | – | (1,373) | PDF p. 54 |
| Dividends received from joint venturesSingapore dollars thousands | 5,757 | 12,028 | PDF p. 54 |
| Dividend from other investmentsSingapore dollars thousands | – | 78 | PDF p. 54 |
| Interest receivedSingapore dollars thousands | 1,209 | 567 | PDF p. 54 |
| Net cash (used in)/provided by investing activitiesSingapore dollars thousands | (3,683) | 12,351 | PDF p. 54 |
| Cash flows from financing activities | |||
| Proceeds from issuance of shares by a listed subsidiary, net of expensesSingapore dollars thousands | 36,834 | – | PDF p. 55 |
| Proceeds from exercise of warrants in a subsidiary, net of expensesSingapore dollars thousands | 439 | – | PDF p. 55 |
| Proceeds from bank borrowingsSingapore dollars thousands | 35,253 | 24,200 | PDF p. 55 |
| Principal payment of lease liabilitiesSingapore dollars thousands | (8,832) | (8,033) | PDF p. 55 |
| Repayment of bank borrowingsSingapore dollars thousands | (36,613) | (27,223) | PDF p. 55 |
| Dividend paid to equity holders of the CompanySingapore dollars thousands | – | (1,031) | PDF p. 55 |
| Dividend paid to non-controlling interestsSingapore dollars thousands | (610) | (741) | PDF p. 55 |
| Interest paidSingapore dollars thousands | (9,227) | (11,289) | PDF p. 55 |
| Net cash provided by/(used in) financing activitiesSingapore dollars thousands | 17,244 | (24,117) | PDF p. 55 |
| Cash and bank balances reconciliation | |||
| Net change in cash and bank balancesSingapore dollars thousands | (6,792) | 16,752 | PDF p. 55 |
| Beginning of financial yearSingapore dollars thousands | 101,849 | 85,195 | PDF p. 55 |
| Effects of currency translation on cash and bank balancesSingapore dollars thousands | 95 | (98) | PDF p. 55 |
| End of financial yearSingapore dollars thousands | 95,152 | 101,849 | PDF p. 55 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 54 ↗ PDF p. 55 ↗
Historical financing liabilities reconciliation — FY2021 in FY2021 source
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Beginning of financial year | 2021Net cash flows | 2021Interest expense | 2021Additions to property, plant and equipment | 2021Modification of lease liabilities | 2021Foreign exchange movement | 2021Reclassification for property held-for-sale | 2021End of financial year | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2021 | |||||||||
| Bank borrowings (Note 28 and 29)Singapore dollars thousands | 259,818 | (1,360) | – | – | – | (45) | – | 258,413 | PDF p. 55 Label p. 55 |
| Lease liabilities (Note 28)Singapore dollars thousands | 30,890 | (9,576) | 744 | 894 | – | – | (5,096) | 17,856 | PDF p. 55 |
| Notes payables (Note 30)Singapore dollars thousands | 70,000 | (3,570) | 3,570 | – | – | – | – | 70,000 | PDF p. 55 |
| Accrued interest expense within trade and other payables - Accruals for operating expenses (Note 27)Singapore dollars thousands | 799 | (4,913) | 4,886 | – | – | – | – | 772 | PDF p. 55 Label p. 55 |
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Definitions & sources
Original report: PDF p. 55 ↗
Original non-cash change columns retained, including FY2021/FY2020 modification of lease liabilities and held-for-sale reclassification.
Historical financing liabilities reconciliation — FY2020 in FY2021 source
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020Beginning of financial year | 2020Net cash flows | 2020Interest expense | 2020Additions to property, plant and equipment | 2020Modification of lease liabilities | 2020Foreign exchange movement | 2020Reclassification for property held-for-sale | 2020End of financial year | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2020 | |||||||||
| Bank borrowings (Note 28 and 29)Singapore dollars thousands | 262,696 | (3,023) | – | 148 | – | (3) | – | 259,818 | PDF p. 55 Label p. 55 |
| Lease liabilities (Note 28)Singapore dollars thousands | 36,867 | (9,025) | 992 | 553 | 1,503 | – | – | 30,890 | PDF p. 55 |
| Notes payables (Note 30)Singapore dollars thousands | 70,000 | (3,570) | 3,570 | – | – | – | – | 70,000 | PDF p. 55 |
| Accrued interest expense within trade and other payables - Accruals for operating expenses (Note 27)Singapore dollars thousands | 1,408 | (6,727) | 6,118 | – | – | – | – | 799 | PDF p. 55 Label p. 55 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 55 ↗
Original non-cash change columns retained, including FY2021/FY2020 modification of lease liabilities and held-for-sale reclassification.
Where the money comes from
Segment information
By business
Business segment information, Group 14 lines
| Item / unit | 2025Construction and Building Materials | 2025Real Estate | 2025Leisure & Hospitality | 2025Others | 2025Total | 2024Construction and Building Materials | 2024Real Estate | 2024Leisure & Hospitality | 2024Others | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | |||||||||||
| – External$’000 | 320,970 | 5,174 | 3,249 | – | 329,393 | 224,257 | 10,520 | 3,617 | – | 238,394 | PDF p. 113PDF p. 114 |
| – Inter-segment$’000 | 3,696 | 1,008 | – | 902 | 5,606 | 667 | 839 | – | 666 | 2,172 | PDF p. 113PDF p. 114 |
| Results – Segment results | |||||||||||
| – Company and subsidiaries$’000 | 27,953 | 2,436 | (51) | 674 | 31,012 | (7,395) | 4,408 | 303 | 1,058 | (1,626) | PDF p. 113PDF p. 114 |
| – Associated companies$’000 | (16) | – | – | – | (16) | (116) | – | – | – | (116) | PDF p. 113PDF p. 114 |
| – Joint ventures$’000 | – | 2,999 | – | – | 2,999 | – | 5,346 | – | – | 5,346 | PDF p. 113PDF p. 114 |
| Results | |||||||||||
| Earnings/(loss) before interest and tax$’000 | 27,937 | 5,435 | (51) | 674 | 33,995 | PDF p. 113 | |||||
| Other information | |||||||||||
| Capital expenditure$’000 | 12,740 | 197 | 86 | – | 13,023 | 3,394 | 89 | 126 | – | 3,609 | PDF p. 113PDF p. 114 |
| Depreciation$’000 | 9,193 | 97 | 375 | – | 9,665 | 8,054 | 73 | 386 | – | 8,513 | PDF p. 113PDF p. 114 |
| Cost of sales$’000 | 285,790 | 2,141 | 2,359 | – | 290,290 | 210,289 | 6,521 | 2,319 | – | 219,129 | PDF p. 113PDF p. 114 |
| As at 31 December | |||||||||||
| Segment assets$’000 | 319,451 | 170,808 | 24,293 | 671 | 515,223 | 271,569 | 201,709 | 24,358 | 661 | 498,297 | PDF p. 113PDF p. 114 |
| Joint ventures$’000 | – | 93,764 | – | – | 93,764 | – | 94,265 | – | – | 94,265 | PDF p. 113PDF p. 114 |
| Segment liabilities$’000 | 153,625 | 41,794 | 411 | 1,615 | 197,445 | 99,986 | 42,536 | 476 | 485 | 143,483 | PDF p. 113PDF p. 114 |
| Results | |||||||||||
| (Loss)/earnings before interest and tax$’000 | (7,511) | 9,754 | 303 | 1,058 | 3,604 | PDF p. 114 | |||||
| As at 31 December | |||||||||||
| Associated companies$’000 | 168 | – | – | – | 168 | PDF p. 114 | |||||
Notes
Amounts in $’000. Blank cells in values ("") are cells with no printed amount (only a total printed). Segment assets also shown: Joint ventures row is separate from Segment assets. Reconciliation: Interest income (Note 5) 1,937; Finance expenses (Note 9) (6,329); Profit before income tax 29,603. Unallocated assets: Short-term bank deposits 62,113; Investment securities 11,063; Consolidated total assets 682,163. Unallocated liabilities: Current income tax liabilities 1,599; Deferred income tax liabilities 5,645; Bank borrowings, notes payables, and lease liabilities 139,987; Consolidated total liabilities 344,676.
Amounts in $’000. Blank cells ("") have no printed amount. Reconciliation: Interest income (Note 5) 1,565; Finance expenses (Note 9) (12,254); Loss before income tax (7,085). Unallocated assets: Income tax receivables 730; Short-term bank deposits 26,520; Investment securities 7,545; Consolidated total assets 627,525. Unallocated liabilities: Current income tax liabilities 1,213; Deferred income tax liabilities 6,343; Bank borrowings, notes payables, and lease liabilities 168,264; Consolidated total liabilities 319,303.
By geography
Geographical information, Group 9 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Total sales | |||
| Singapore$’000 | 264,803 | 170,653 | PDF p. 115 |
| Malaysia$’000 | 29,039 | 21,192 | PDF p. 115 |
| Indonesia$’000 | 26,078 | 36,419 | PDF p. 115 |
| Others$’000 | 9,473 | 10,130 | PDF p. 115 |
| Total sales$’000 | 329,393 | 238,394 | PDF p. 115 |
| Total non-current assets | |||
| Singapore$’000 | 366,197 | 328,199 | PDF p. 115 |
| Malaysia$’000 | 6,800 | 11,952 | PDF p. 115 |
| Others$’000 | 6,877 | 8,146 | PDF p. 115 |
| Total non-current assets$’000 | 379,874 | 348,297 | PDF p. 115 |
Notes
Amounts in $’000. The Group’s three business segments operate in four main geographical areas: Singapore, Malaysia, Indonesia and others. Non-current assets table has no Indonesia line. Major customers: Revenue of approximately 45% (2024: 30%) are derived from two (2024: one) major customer. These revenues are attributable to the Construction and Building Materials segment.
Debt
Borrowings
Borrowing notes 3 tables
Bank borrowings and lease liabilities
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Current - Short-term bank loans | |||
| – Secured$'000 | 27,995 | 28,447 | PDF p. 101 |
| – Unsecured$'000 | 47,460 | 52,000 | PDF p. 101 |
| Current | |||
| Term loans payable within one year (Note 28)$'000 | 1,392 | 1,877 | PDF p. 101 |
| Lease liabilities payable within one year$'000 | 4,298 | 3,608 | PDF p. 101 |
| Non-current | |||
| Term loans payable after one year (Note 28)$'000 | 31,343 | 57,813 | PDF p. 101 |
| Lease liabilities payable after one year$'000 | 4,801 | 1,997 | PDF p. 101 |
| Total | |||
| Total bank borrowings and lease liabilities$'000 | 117,289 | 145,742 | PDF p. 101 |
Notes
Subtotals printed: short-term bank loans 75,455 (2024: 80,447); current total 81,145 (85,932); non-current total 36,144 (59,810).
Short-term bank loans bear interest at balance sheet date ranging from 1.98% to 4.95% (2024: 3.87% to 5.70%) per annum.
Short-term bank loans are secured over certain Group's investment properties [Note 21(i)] and certain freehold land and buildings [Note 22(iv)].
Bank borrowings - term loans
| Item / unit | 2025due within one year, $'000 | 2024due within one year, $'000 | 2025due after one year, $'000 | 2024due after one year, $'000 | Source |
|---|---|---|---|---|---|
| Term loans | |||||
| – Secured$'000 | 1,392 | 800 | 31,343 | 57,813 | PDF p. 101 |
| – Unsecured$'000 | – | 1,077 | – | – | PDF p. 101 |
Notes
Totals: 1,392 / 1,877 due within one year; 31,343 / 57,813 due after one year.
Term loans of $32,735,000 (2024: $58,613,000) are secured over certain investment properties and freehold land and buildings.
Non-current term loans mature between 2027 and 2047 (2024: 2026 and 2047).
Term loans bear interest ranging from 1.98% to 4.24% (2024: 3.87% to 5.04%) per annum, except a term loan of $1,077,000 in prior year at fixed 2.10%.
Covenant: secured term loans shall not exceed 75% to 80% of mortgaged properties' market values.
Notes payables
| Item / unit | 2025$'000 | 2024$'000 | Source |
|---|---|---|---|
| Notes payables | |||
| Balance at 31 December$'000 | 22,698 | 22,522 | PDF p. 102 |
Notes
Third series notes $22,750,000 bear fixed rate 6.50% per annum, due 17 April 2026, under a $250 million Multicurrency Medium Term Note programme.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company strives to provide consistent and sustainable dividend payments to shareholders based on the Company’s profitability, cash position, working capital needs, capital expenditure plan, investment and business opportunities and market conditions. It aims to balance returns to shareholders with a need for long term sustainable growth. | Company FY2025 | PDF p. 50 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim dividend | 0.10 Singapore cents per share | FY2025 interim dividend per share | PDF p. 50 |
| Final dividend | 0.30 Singapore cents per share | FY2025 final dividend per share, proposed | PDF p. 50 |
| Special dividend | 0.60 Singapore cents per share | FY2025 special dividend per share, proposed | PDF p. 50 |
| Dividend per share (in cents) | – cents | FY2024 comparative | PDF p. 9 |
| Interim dividend paid in respect of the current financial year ended of 0.1 Singapore cent (2024: nil) per share | 412 $’000 | Company, 2025 | PDF p. 104 |
| final and special cash dividend | approximately $3.71 million | Company, proposed final and special for FY2025 | PDF p. 104 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend per share (in cents) | 1.00 cents | FY2025 | PDF p. 9 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | PricewaterhouseCoopers LLP | Group | PDF p. 60 |
| Engagement partner | Koh Hongzhuang | Group | PDF p. 60 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Accounting for engineering and construction contracts | Accounting for engineering and construction contracts | Group | PDF p. 57 |
| Valuation of investment properties | Valuation of investment properties | Group | PDF p. 58 |
Extracted from 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 Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
The audited scope provides consolidated Group income/OCI, changes in equity and cash flows, and Group/Company balance sheets. No separate Company income/OCI, changes-in-equity or cash-flow statement is presented.
Financial highlights cover FY2023–FY2025, not five years.
The p65 reconciliation of liabilities arising from financing activities is transcribed in separate annual blocks.
No dash or blank has been converted to zero.
Primary comparisons from original FY2023 and FY2021 reports extend coverage to FY2020–FY2025. Current highlights separately cover only FY2023–FY2025.
Original FY2025 comparative FY2024 comprehensive loss allocations differ between income and equity statements by SGD3 thousand each: parent (5,000) versus (4,997), NCI (4,434) versus (4,437); both total (9,434). Original figures are preserved.
Original statements use Singapore dollars thousands; EPS uses cents per share. Group consolidated income/comprehensive income, equity and cash flows; Group and Company financial position. No separate Company income, equity or cash flow statement is disclosed.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.