Leong Guan Hldgs LGH
Financials
Annual Report 2025
Explore the statements
10 tablesConsolidated Statement of Comprehensive Income (Group)
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income | |||
| Revenue$ | 40,027,992 | 37,538,189 | PDF p. 77 |
| Other income$ | 369,238 | 504,322 | PDF p. 77 |
| Expenses | |||
| Changes in inventories$ | 23,568 | 179,288 | PDF p. 77 |
| Purchases of inventories$ | (21,802,926) | (20,322,464) | PDF p. 77 |
| Staff costs$ | (10,353,839) | (9,491,144) | PDF p. 77 |
| Depreciation expenses$ | (1,117,836) | (918,593) | PDF p. 77 |
| Finance costs$ | (283,386) | (179,647) | PDF p. 77 |
| Net impairment losses on trade and other receivables$ | (183,836) | (2,543) | PDF p. 77 |
| Other expenses$ | (5,977,572) | (5,321,675) | PDF p. 77 |
| Income | |||
| Profit before tax$ | 701,403 | 1,985,733 | PDF p. 77 |
| Tax expense$ | (203,607) | (244,645) | PDF p. 77 |
| Profit and total comprehensive income for the year$ | 497,796 | 1,741,088 | PDF p. 77 |
| Profit and total comprehensive income attributable to | |||
| Equity holders of the Company$ | 497,796 | 1,741,088 | PDF p. 77 |
| Earnings per share for profit attributable to equity holders of the Company (cents per share) | |||
| – Basic and dilutedcents per share | 0.49 | 1.72 | PDF p. 77 |
Definitions & sources
Original report: PDF p. 77 ↗
The accompanying notes form an integral part of the financial statements.
Financial year ended 31 December 2025. No separate Company income statement is presented.
Statements of Financial Position - Group (2025, 2024)
25 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipment$ | 14,306,280 | 4,302,506 | PDF p. 78 |
| Goodwill$ | 383,117 | 383,117 | PDF p. 78 |
| Investment in subsidiaries$ | – | – | PDF p. 78 |
| Investment in associated company$ | – | – | PDF p. 78 |
| Total non-current assets$ | 14,689,397 | 4,685,623 | PDF p. 78 |
| Current assets | |||
| Inventories$ | 1,106,762 | 1,083,194 | PDF p. 78 |
| Financial assets at fair value through profit or loss$ | 589,098 | 571,241 | PDF p. 78 |
| Trade and other receivables$ | 5,325,012 | 7,059,101 | PDF p. 78 |
| Cash and cash equivalents$ | 5,522,543 | 5,094,470 | PDF p. 78 |
| Total current assets$ | 12,543,415 | 13,808,006 | PDF p. 78 |
| Assets | |||
| Total assets$ | 27,232,812 | 18,493,629 | PDF p. 78 |
| Equity | |||
| Share capital$ | 4,449,381 | 800,000 | PDF p. 78 |
| Treasury shares$ | (1,085,243) | (1,931,339) | PDF p. 78 |
| Retained earnings$ | 6,898,900 | 7,247,200 | PDF p. 78 |
| Total equity$ | 10,263,038 | 6,115,861 | PDF p. 78 |
| Non-current liabilities | |||
| Borrowings$ | 7,564,225 | 2,545,474 | PDF p. 78 |
| Deferred tax liabilities$ | 265,000 | 229,000 | PDF p. 78 |
| Total non-current liabilities$ | 7,829,225 | 2,774,474 | PDF p. 78 |
| Current liabilities | |||
| Trade and other payables$ | 6,522,412 | 7,194,856 | PDF p. 78 |
| Contract liabilities$ | 246,682 | 266,993 | PDF p. 78 |
| Borrowings$ | 2,164,557 | 1,923,095 | PDF p. 78 |
| Tax payable$ | 206,898 | 218,350 | PDF p. 78 |
| Total current liabilities$ | 9,140,549 | 9,603,294 | PDF p. 78 |
| Liabilities | |||
| Total liabilities$ | 16,969,774 | 12,377,768 | PDF p. 78 |
| Equity and liabilities | |||
| Total equity and liabilities$ | 27,232,812 | 18,493,629 | PDF p. 78 |
Definitions & sources
Original report: PDF p. 78 ↗
The accompanying notes form an integral part of the financial statements.
As at 31 December 2025.
Statements of Financial Position - Company (2025)
25 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipment$ | – | PDF p. 78 |
| Goodwill$ | – | PDF p. 78 |
| Investment in subsidiaries$ | 800,000 | PDF p. 78 |
| Investment in associated company$ | – | PDF p. 78 |
| Total non-current assets$ | 800,000 | PDF p. 78 |
| Current assets | ||
| Inventories$ | – | PDF p. 78 |
| Financial assets at fair value through profit or loss$ | – | PDF p. 78 |
| Trade and other receivables$ | 1,278,781 | PDF p. 78 |
| Cash and cash equivalents$ | 2,934,864 | PDF p. 78 |
| Total current assets$ | 4,213,645 | PDF p. 78 |
| Assets | ||
| Total assets$ | 5,013,645 | PDF p. 78 |
| Equity | ||
| Share capital$ | 4,449,381 | PDF p. 78 |
| Treasury shares$ | – | PDF p. 78 |
| Retained earnings$ | 448,734 | PDF p. 78 |
| Total equity$ | 4,898,115 | PDF p. 78 |
| Non-current liabilities | ||
| Borrowings$ | – | PDF p. 78 |
| Deferred tax liabilities$ | – | PDF p. 78 |
| Total non-current liabilities$ | – | PDF p. 78 |
| Current liabilities | ||
| Trade and other payables$ | 115,530 | PDF p. 78 |
| Contract liabilities$ | – | PDF p. 78 |
| Borrowings$ | – | PDF p. 78 |
| Tax payable$ | – | PDF p. 78 |
| Total current liabilities$ | 115,530 | PDF p. 78 |
| Liabilities | ||
| Total liabilities$ | 115,530 | PDF p. 78 |
| Equity and liabilities | ||
| Total equity and liabilities$ | 5,013,645 | PDF p. 78 |
Definitions & sources
Original report: PDF p. 78 ↗
The accompanying notes form an integral part of the financial statements.
The Company column is printed for 2025 only; no 2024 Company comparative is printed.
Consolidated Statement of Comprehensive Income
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income | |||
| Revenue$ | 40,027,992 | 37,538,189 | PDF p. 77 |
| Other income$ | 369,238 | 504,322 | PDF p. 77 |
| Expenses | |||
| Changes in inventories$ | 23,568 | 179,288 | PDF p. 77 |
| Purchases of inventories$ | (21,802,926) | (20,322,464) | PDF p. 77 |
| Staff costs$ | (10,353,839) | (9,491,144) | PDF p. 77 |
| Depreciation expenses$ | (1,117,836) | (918,593) | PDF p. 77 |
| Finance costs$ | (283,386) | (179,647) | PDF p. 77 |
| Net impairment losses on trade and other receivables$ | (183,836) | (2,543) | PDF p. 77 |
| Other expenses$ | (5,977,572) | (5,321,675) | PDF p. 77 |
| Profit | |||
| Profit before tax$ | 701,403 | 1,985,733 | PDF p. 77 |
| Tax expense$ | (203,607) | (244,645) | PDF p. 77 |
| Profit and total comprehensive income for the year$ | 497,796 | 1,741,088 | PDF p. 77 |
| Attributable to | |||
| Equity holders of the Company$ | 497,796 | 1,741,088 | PDF p. 77 |
| Earnings per share | |||
| – Basic and dilutedcents per share | 0.49 | 1.72 | PDF p. 77 |
Definitions & sources
Original report: PDF p. 77 ↗
No non-controlling interest; all profit attributable to equity holders of the Company.
Statement of Changes in Equity - Company
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company: Share capital | 2025Company: Retained earnings | 2025Company: Total equity | Source |
|---|---|---|---|---|
| Company | ||||
| Issuance of ordinary share at 8 April 2025 (date of incorporation)$ | 3 | – | 3 | PDF p. 80 |
| Profit and total comprehensive income for the financial period$ | – | 448,734 | 448,734 | PDF p. 80 |
| Issuance of ordinary shares pursuant to the Restructuring Exercise$ | 800,000 | – | 800,000 | PDF p. 80 |
| Issuance of new ordinary shares pursuant to the IPO$ | 3,749,000 | – | 3,749,000 | PDF p. 80 |
| Issuance of success shares$ | 167,620 | – | 167,620 | PDF p. 80 |
| Issuance of incentive shares$ | 78,569 | – | 78,569 | PDF p. 80 |
| Capitalisation of share issue expenses$ | (345,811) | – | (345,811) | PDF p. 80 |
| At 31 December 2025$ | 4,449,381 | 448,734 | 4,898,115 | PDF p. 80 |
Definitions & sources
Original report: PDF p. 80 ↗
Company incorporated 8 April 2025; no comparative period presented.
Consolidated Statement of Cash Flows
41 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Operating activities | |||
| Profit before tax$ | 701,403 | 1,985,733 | PDF p. 81 |
| Net impairment losses on trade and other receivables$ | 183,836 | 2,543 | PDF p. 81 |
| Depreciation of property, plant and equipment$ | 1,117,836 | 918,593 | PDF p. 81 |
| profit or loss (“FVPL”)$ | (108,012) | (40,845) | PDF p. 81 |
| Interest expenses$ | 283,386 | 179,647 | PDF p. 81 |
| Interest income$ | (5,958) | (2,383) | PDF p. 81 |
| Gain on termination of lease$ | – | (4,697) | PDF p. 81 |
| Gain on disposal of property, plant and equipment$ | (27,962) | (7,464) | PDF p. 81 |
| Property, plant and equipment written off$ | – | 2,187 | PDF p. 81 |
| Unrealised foreign exchange loss$ | 8,927 | – | PDF p. 81 |
| Share-based payment pursuant to the IPO$ | 162,756 | – | PDF p. 81 |
| Operating cash flow before movement in working capital$ | 2,316,212 | 3,033,314 | PDF p. 81 |
| Inventories$ | (23,568) | (179,288) | PDF p. 81 |
| Trade and other receivables$ | 1,992,957 | (573,048) | PDF p. 81 |
| Trade and other payables and contract liabilities$ | (1,181,429) | (461,225) | PDF p. 81 |
| Cash generated from operations$ | 3,104,172 | 1,819,753 | PDF p. 81 |
| Income tax paid$ | (179,059) | (309,241) | PDF p. 81 |
| Net cash generated from operating activities$ | 2,925,113 | 1,510,512 | PDF p. 81 |
| Investing activities | |||
| Purchases of property, plant and equipment$ | (3,333,003) | (2,112,825) | PDF p. 81 |
| Deposit for purchases of property, plant and equipment$ | (555,904) | (113,200) | PDF p. 81 |
| Proceeds from disposal of property, plant and equipment$ | 68,420 | 7,800 | PDF p. 81 |
| Purchases of financial assets at FVPL$ | (33,864) | (419,899) | PDF p. 81 |
| Proceeds from disposal of financial assets at FVPL$ | 97,185 | 297,370 | PDF p. 81 |
| Dividends received from financial assets at FVPL$ | 20,555 | 18,910 | PDF p. 81 |
| Advances to related parties$ | – | (7,350,000) | PDF p. 81 |
| Repayment from related parties$ | – | 7,350,000 | PDF p. 81 |
| Interest received$ | 5,958 | 2,383 | PDF p. 81 |
| Net cash used in investing activities$ | (3,730,653) | (2,319,461) | PDF p. 81 |
| Financing activities | |||
| Repayment of lease liabilities$ | (684,355) | (510,728) | PDF p. 81 |
| Proceeds from bank loans$ | – | 2,800,000 | PDF p. 81 |
| Repayment of bank loans$ | (1,500,468) | (1,223,805) | PDF p. 81 |
| Proceeds from incorporation of holding company$ | 3 | – | PDF p. 81 |
| Proceeds from issuance of ordinary shares, net of share issue$ | 3,403,189 | – | PDF p. 81 |
| Placement of fixed deposits$ | – | (70,000) | PDF p. 81 |
| Interest paid$ | (283,386) | (179,647) | PDF p. 81 |
| Dividends paid$ | – | (750,000) | PDF p. 81 |
| Net cash generated from financing activities$ | 934,983 | 65,820 | PDF p. 81 |
| Cash | |||
| Net increase/(decrease) in cash and cash equivalents$ | 129,443 | (743,129) | PDF p. 81 |
| Effects of foreign exchange rate changes$ | (2,648) | – | PDF p. 81 |
| Cash and cash equivalents at beginning of the financial year$ | 5,024,470 | 5,767,599 | PDF p. 81 |
| Cash and cash equivalents at end of the financial year$ | 5,151,265 | 5,024,470 | PDF p. 81 |
Definitions & sources
Original report: PDF p. 81 ↗
Only a Group cash flow statement is presented; no separate Company cash flow statement was seen on the page.
Financial Highlights – Income Statement (FY2022–FY2025)
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group FY2022 (S$'000) | 2023Group FY2023 (S$'000) | 2024Group FY2024 (S$'000) | 2025Group FY2025 (S$'000) | Source |
|---|---|---|---|---|---|
| Income Statement | |||||
| RevenueS$'000 | 31,634 | 33,775 | 37,538 | 40,027 | PDF p. 10 |
| Profit before taxS$'000 | 1,603 | 1,392 | 1,986 | 701 | PDF p. 10 |
| Profit after taxS$'000 | 1,314 | 1,165 | 1,741 | 498 | PDF p. 10 |
| Total One-Off ExpensesS$'000 | 364 | 839 | 146 | 993 | PDF p. 10 |
| Profit before tax (Normalised)*S$'000 | 1,967 | 2,231 | 2,132 | 1,694 | PDF p. 10 |
| Profit after tax (Normalised)*S$'000 | 1,678 | 2,004 | 1,887 | 1,491 | PDF p. 10 |
| EPS (cents)**cents | 1.30 | 1.15 | 1.72 | 0.49 | PDF p. 10 |
| EPS (fully diluted) (cents)**cents | 1.30 | 1.15 | 1.72 | 0.49 | PDF p. 10 |
Definitions & sources
Original report: PDF p. 10 ↗
* Normalised – adjusted for one-off expenses including listing fees.
** Computed based on 101,220,000 shares in the capital of the Company.
Financial Highlights – Dividend, Net Asset Value, Payout
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025FY2025 | 2024FY2024 | Source |
|---|---|---|---|
| Net asset value | |||
| NET ASSET VALUE (S$'000)S$'000 | 10,263 | 6,116 | PDF p. 10 |
Definitions & sources
Original report: PDF p. 10 ↗
Dividend per share and payout shown for FY2025 only; NAV and NAV per share for FY2025 and FY2024 (values in FY2025, FY2024 order as printed).
Note 11 Earnings per share
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group 2025 ($) | 2024Group 2024 ($) | Source |
|---|---|---|---|
| Earnings per share | |||
| Net profit attributable to equity holders of the Company$ | 497,796 | 1,741,088 | PDF p. 94 |
| Number of ordinary shares outstandingshares | 101,220,000 | 101,220,000 | PDF p. 94 |
| Earnings per share (cents per share) – Basic and dilutedcents per share | 0.49 | 1.72 | PDF p. 94 |
Definitions & sources
Original report: PDF p. 94 ↗
The earnings per share for the respective financial years have been computed based on the net profit attributable to equity holders of the Company and the Company’s enlarged share capital of 101,220,000 shares, which assumed the sub-division and issue of shares pursuant to the IPO had been completed as at the end of the respective financial years.
The fully diluted earnings per share and basic earnings per share are the same because there is no dilutive share.
Note 25 Dividends
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group 2025 ($) | 2024Group 2024 ($) | Source |
|---|---|---|---|
| Ordinary dividends paid – Leong Guan Food Trading Pte. Ltd. | |||
| Interim exempt dividend of $1.52 per share paid in respect of the$ | – | 375,000 | PDF p. 106 |
Definitions & sources
Original report: PDF p. 106 ↗
Interim exempt dividend of $1.52 per share paid by Leong Guan Food Manufacturer Pte. Ltd. likewise: 2025 –, 2024 375,000; total ordinary dividends paid 2025 –, 2024 750,000.
The directors have proposed a final exempt dividend for the financial year ended 31 December 2025 of 0.3935 Singapore cents per share. The financial statements do not reflect this dividend payable, which will be accounted for in the shareholders’ equity as an appropriation of retained earnings in the financial year ending 31 December 2026.
Dividend policy (p.43): minimum 80% of net profit attributable to equity holders for FY2025 and minimum 35% for FY2026; on 27 February 2026 the Board proposed a tax-exempt (one-tier) final cash dividend of 0.3935 Singapore cents per share.
Where the money comes from
Segment information
By business
Segment revenue and profit by business segment 11 lines
| Item / unit | 2025Self-manufactured products | 2025Trading products | 2025OEM products | 2025Eliminations | 2025Consolidation total | 2024Self-manufactured products | 2024Trading products | 2024OEM products | 2024Eliminations | 2024Consolidation total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Segment revenue | |||||||||||
| Sales to external customers$ | 22,126,005 | 9,219,765 | 8,682,222 | – | 40,027,992 | 22,391,797 | 8,337,974 | 6,808,418 | – | 37,538,189 | PDF p. 117PDF p. 118 |
| Intersegment sales$ | 11,855,982 | 1,107,416 | 1,828,799 | (14,792,197) | – | 11,558,803 | 1,072,910 | 1,537,343 | (14,169,056) | – | PDF p. 117PDF p. 118 |
| Total revenue$ | 33,981,987 | 10,327,181 | 10,511,021 | (14,792,197) | 40,027,992 | 33,950,600 | 9,410,884 | 8,345,761 | (14,169,056) | 37,538,189 | PDF p. 117PDF p. 118 |
| Segment results | |||||||||||
| Segment profit$ | 1,404,543 | 533,248 | 304,439 | – | 2,242,230 | 1,854,862 | 283,482 | 279,086 | – | 2,417,430 | PDF p. 117PDF p. 118 |
| Depreciation$ | (756,239) | (168,115) | (193,482) | – | (1,117,836) | (637,130) | (142,465) | (138,998) | – | (918,593) | PDF p. 117PDF p. 118 |
| Impairment losses on trade and other receivables$ | (88,502) | (28,449) | (24,230) | – | (141,181) | PDF p. 117 | |||||
| Bad debts written off$ | (34,179) | (3,157) | (5,319) | – | (42,655) | (3,369) | (159) | (154) | – | (3,682) | PDF p. 117PDF p. 118 |
| Gain on disposal of property, plant and equipment$ | 6,902 | 10,759 | 10,301 | – | 27,962 | 7,421 | 21 | 22 | – | 7,464 | PDF p. 117PDF p. 118 |
| Net reversal of impairment losses on trade and other receivables$ | (9,211) | 6,227 | 4,123 | – | 1,139 | PDF p. 118 | |||||
| Property, plant and equipment written off$ | (1,086) | (589) | (512) | – | (2,187) | PDF p. 118 | |||||
| Gain on termination of lease$ | 2,332 | 1,264 | 1,101 | – | 4,697 | PDF p. 118 | |||||
Segment assets and liabilities by business segment 4 lines
| Item / unit | 2025Self-manufactured products | 2025Trading products | 2025OEM products | 2025Eliminations | 2025Consolidation total | 2024Self-manufactured products | 2024Trading products | 2024OEM products | 2024Eliminations | 2024Consolidation total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets and liabilities | |||||||||||
| Segment assets$ | 21,168,321 | 2,703,918 | 3,087,253 | (5,838,321) | 21,121,171 | 11,665,479 | 1,841,724 | 1,860,908 | (2,540,193) | 12,827,918 | PDF p. 117PDF p. 118 |
| Segment assets include: Additions to non-current assets | |||||||||||
| – Property, plant and equipment$ | 3,848,692 | 81,956 | 87,662 | – | 4,018,310 | 2,285,267 | 36,178 | 34,990 | – | 2,356,435 | PDF p. 117PDF p. 118 |
| – Right-of-use assets$ | 5,483,430 | 731,104 | 929,224 | – | 7,143,758 | 178,493 | 515 | 529 | – | 179,537 | PDF p. 117PDF p. 118 |
| Assets and liabilities | |||||||||||
| Segment liabilities$ | 13,552,785 | 3,491,009 | 2,811,255 | (5,838,321) | 14,016,728 | 7,161,803 | 1,867,763 | 1,760,707 | (2,540,193) | 8,250,080 | PDF p. 117PDF p. 118 |
Notes
Unallocated assets/liabilities and totals are printed only in the Consolidation total column.
Reconciliation of segment profit to consolidated profit before tax 7 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Reconciliation | |||
| Segment profit$ | 2,242,230 | 2,417,430 | PDF p. 119 |
| Interest income$ | 5,958 | 2,383 | PDF p. 119 |
| Finance costs$ | (283,386) | (179,647) | PDF p. 119 |
| Fair value gains on financial assets at FVPL$ | 108,012 | 40,845 | PDF p. 119 |
| Audit fees, Consultancy fees and Professional fees$ | (1,208,655) | (295,278) | PDF p. 119 |
| Share-based payment pursuant to the IPO$ | (162,756) | – | PDF p. 119 |
| Profit before tax$ | 701,403 | 1,985,733 | PDF p. 119 |
Notes
Interest income, finance costs, fair value gains on financial assets at FVPL, audit fees, consultancy fees and professional fees, and share-based payment are not allocated to segments as these are managed on a group basis.
By geography
Geographical information: revenue and non-current assets 4 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Revenue | |||
| Singapore$ | 37,946,844 | 35,283,876 | PDF p. 119 |
| Other countries$ | 2,081,148 | 2,254,313 | PDF p. 119 |
| Revenue total$ | 40,027,992 | 37,538,189 | PDF p. 119 |
| Non-current assets | |||
| Singapore$ | 14,689,397 | 4,685,623 | PDF p. 119 |
Notes
Revenue and non-current assets are based on the geographical location of customers and assets respectively. Non-current assets exclude deferred tax assets and financial instruments.
The Revenue total row has no printed label; 'Revenue total' is a descriptor.
Debt
Borrowings
Terms and debt repayment schedule – Group at 31 December
| Item / unit | 2025interest rate per annum (%) | 2025year of maturity | 2025carrying amount ($) | 2024interest rate per annum (%) | 2024year of maturity | 2024carrying amount ($) | Source |
|---|---|---|---|---|---|---|---|
| Secured bank loans | |||||||
| – Bank loan 5 – fixed rate%, year, $ | 2.25 | 2026 | 6,162 | 2.25 | 2026 | 79,206 | PDF p. 103 |
| – Bank loan 7 (*)%, year, $ | 4.88 | 2031 | 668,054 | 4.88 | 2031 | 767,771 | PDF p. 103 |
| – Bank loan 8 – fixed rate%, year, $ | 7.25 | 2029 | 368,475 | 7.25 | 2029 | 457,785 | PDF p. 103 |
| – Bank loan 9 – floating rate%, year, $ | 6.50 | 2029 | 184,037 | 7.25 | 2029 | 228,865 | PDF p. 103 |
| – Bank loan 10 – fixed rate%, year, $ | 7.25 | 2029 | 378,406 | 7.25 | 2029 | 467,128 | PDF p. 103 |
| – Bank loan 11 – fixed rate%, year, $ | 7.25 | 2029 | 195,699 | 7.25 | 2029 | 239,529 | PDF p. 103 |
| – Bank loan 12 – fixed rate%, year, $ | 7.25 | 2029 | 379,037 | 7.25 | 2029 | 464,884 | PDF p. 103 |
| – Bank loan 1 – fixed rate%, year, $ | 2.75 | 2025 | 359,267 | PDF p. 103 | |||
| – Bank loan 2 – fixed rate%, year, $ | 2.25 | 2025 | 147,892 | PDF p. 103 | |||
| – Bank loan 3 – fixed rate%, year, $ | 2.25 | 2025 | 177,727 | PDF p. 103 | |||
| – Bank loan 4 – fixed rate%, year, $ | 2.25 | 2025 | 147,892 | PDF p. 103 | |||
| – Bank loan 6 – floating rate%, year, $ | 4.25 | 2026 | 142,392 | PDF p. 103 | |||
Notes
(*) The loan bears a fixed interest rate at 4.88% per annum for the first two years. Thereafter, the interest rate is SORA (in advance) plus 4% per annum.
Total row has no printed label; the figure 2,179,870 is the subtotal under the carrying amount column.
Total row has no printed label.
Borrowing notes 1 tables
Borrowings
| Item / unit | 2025Group, $ | 2024Group, $ | 2025Company, $ | Source |
|---|---|---|---|---|
| Non-current liabilities – Secured | ||||
| Bank loans$ | 1,686,575 | 2,235,538 | – | PDF p. 102 |
| Non-current liabilities – Secured – Lease liabilities | ||||
| – Third parties$ | 440,973 | 144,199 | – | PDF p. 102 |
| Non-current liabilities – Unsecured – Lease liabilities | ||||
| – Third parties$ | 51,454 | 165,737 | – | PDF p. 102 |
| Non-current liabilities | ||||
| Total non-current liabilities$ | 7,564,225 | 2,545,474 | – | PDF p. 102 |
| Current liabilities – Secured | ||||
| Bank loans$ | 493,295 | 1,444,800 | – | PDF p. 102 |
| Current liabilities – Secured – Lease liabilities | ||||
| – Third parties$ | 191,720 | 154,653 | – | PDF p. 102 |
| Current liabilities – Secured | ||||
| Bank overdraft$ | 301,278 | – | – | PDF p. 102 |
| Current liabilities – Unsecured – Lease liabilities | ||||
| – Third parties$ | 223,621 | 323,642 | – | PDF p. 102 |
| Current liabilities | ||||
| Total current liabilities$ | 2,164,557 | 1,923,095 | – | PDF p. 102 |
| Total | ||||
| Total borrowings$ | 9,728,782 | 4,468,569 | – | PDF p. 102 |
Notes
Related party rows print fewer cells than columns (blank cells not inferred): non-current related party shows '5,385,223 –'; current related party shows only '954,643'.
Lease liabilities are presented within Borrowings. Lease liabilities are secured by personal guarantees by certain directors and right-of-use assets (net carrying value $1,075,056 at 2025; $663,389 at 2024). Bank overdraft secured by personal guarantees by certain directors and fixed deposit. Bank loans 2025 secured by personal guarantees by certain directors; 2024 bank loans also secured by legal mortgage over certain properties of a related party and corporate guarantees by a related party.
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 – Dividend Policy | Although the Company does not have a fixed dividend policy, the Company intends to distribute dividends of a minimum of 80% of the Group’s net profit attributable to equity holders of the Company for FY2025, and a minimum of 35% of the Group’s net profit attributable to equity holders of the Company for FY2026. | Group; FY2025 and FY2026 | PDF p. 43 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| final cash dividend | 0.3935 Singapore cents per share | Company; proposed for FY2025; tax-exempt (one-tier); subject to shareholder approval at AGM · As at 2026-02-27 | PDF p. 43 |
| DIVIDENDS | 0.3935 Singapore cents per share | Group; FY2025 | PDF p. 106 |
| Interim exempt dividend of $1.52 per share paid in respect of the current financial year | 1.52 $ per share | Group; 2024 comparative; paid by subsidiaries Leong Guan Food Trading Pte. Ltd. and Leong Guan Food Manufacturer Pte. Ltd. to former shareholders (each $375,000; total $750,000); 2025: – | PDF p. 106 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| DIVIDEND PER SHARE | 0.3935 Singapore cents | FY2025 (Singapore cents) | PDF p. 10 |
| DIVIDEND PAYOUT | 80% | FY2025 | PDF p. 10 |
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 | Baker Tilly TFW LLP | Group and Company, FY2025 | PDF p. 76 |
| Engagement partner | Sek See Mun | Group and Company, FY2025 | PDF p. 76 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Expected credit loss for trade receivables | Given the significance of the trade receivables to the Group and the determination of ECL requires significant judgements and estimations, we have identified this as a key audit matter. | Group, FY2025 | PDF p. 73 |
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.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.