Metro M01

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Financials

Metro Holdings Limited Annual Report 2026

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Consolidated Income Statement

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Consolidated Income Statement from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	Source
RevenueSGD thousand	97,650	104,504	PDF p. 87
Cost of revenueSGD thousand	(93,706)	(97,486)	PDF p. 87
Gross profitSGD thousand	3,944	7,018	PDF p. 87
Other net incomeSGD thousand	7,750	12,411	PDF p. 87
Fair value loss on an investment propertySGD thousand	(13,520)	(2,535)	PDF p. 87
Impairment on right-of-use and fixed assetsSGD thousand	(6,700)	(4,118)	PDF p. 87
General and administrative expensesSGD thousand	(30,385)	(21,982)	PDF p. 87
Finance costsSGD thousand	(23,651)	(30,430)	PDF p. 87
Share of results of associates, net of taxSGD thousand	(125,492)	(203,356)	PDF p. 87
Share of results of joint ventures, net of taxSGD thousand	(13,585)	23,149	PDF p. 87
Loss from operations before taxationSGD thousand	(201,639)	(219,843)	PDF p. 87
TaxationSGD thousand	(1,423)	(4,818)	PDF p. 87
Loss net of taxationSGD thousand	(203,062)	(224,661)	PDF p. 87
Attributable to
Owners of the CompanySGD thousand	(203,224)	(224,836)	PDF p. 87
Non-controlling interestsSGD thousand	162	175	PDF p. 87
SubtotalSGD thousand	(203,062)	(224,661)	PDF p. 87
Loss per share
BasicSingapore cents per share	(24.5)	(27.2)	PDF p. 87
DilutedSingapore cents per share	(24.5)	(27.2)	PDF p. 87

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Original report: PDF p. 87 ↗

Consolidated Statement of Comprehensive Income

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Consolidated Statement of Comprehensive Income from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Loss net of taxationSGD thousand	(203,062)	(224,661)	PDF p. 88
Other comprehensive (expense)/income, net of tax; Items that will not be reclassified subsequently to profit or loss
– Net change in fair value of equity investments at fair value through other comprehensive income (“FVOCI”) (Note a)SGD thousand	(4,562)	(291)	PDF p. 88
Other comprehensive (expense)/income, net of tax; Items that may be reclassified subsequently to profit or loss
– Currency translation adjustments on foreign subsidiaries, associates and joint ventures (Note b)SGD thousand	(16,526)	(15,777)	PDF p. 88
– Share of other comprehensive income/(expense) of associates and joint ventures (Note c)SGD thousand	4,042	(9,366)	PDF p. 88
– Fair value loss on cash flow hedge (Note d)SGD thousand	(151)	(144)	PDF p. 88
Other comprehensive expense for the financial yearSGD thousand	(17,197)	(25,578)	PDF p. 88
Total comprehensive loss for the financial yearSGD thousand	(220,259)	(250,239)	PDF p. 88
Total comprehensive loss attributable to
Owners of the CompanySGD thousand	(219,114)	(249,286)	PDF p. 88
Non-controlling interestsSGD thousand	(1,145)	(953)	PDF p. 88
SubtotalSGD thousand	(220,259)	(250,239)	PDF p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Balance Sheets

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Balance Sheets from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
ASSETS; Non-current assets
Plant and equipmentSGD thousand	1,722	1,588	87	120	PDF p. 89
Right-of-use assetsSGD thousand	6,546	20,028	3,853	4,495	PDF p. 89
Investment propertySGD thousand	86,282	98,735	–	–	PDF p. 89
SubsidiariesSGD thousand	–	–	67,838	67,828	PDF p. 89
Amounts due from subsidiariesSGD thousand	–	–	373,609	515,315	PDF p. 89
AssociatesSGD thousand	416,597	631,842	500	500	PDF p. 89
Joint venturesSGD thousand	374,080	433,168	–	–	PDF p. 89
Long term investmentsSGD thousand	33,972	81,173	–	–	PDF p. 89
Derivative assetsSGD thousand	426	–	426	–	PDF p. 89
SubtotalSGD thousand	919,625	1,266,534	446,313	588,258	PDF p. 89
ASSETS; Current assets
Development propertiesSGD thousand	118,598	127,011	–	–	PDF p. 89
InventoriesSGD thousand	9,970	9,373	–	–	PDF p. 89
Accounts and other receivablesSGD thousand	49,906	56,390	1,792	1,683	PDF p. 89
Amounts due from subsidiariesSGD thousand	–	–	319,691	322,674	PDF p. 89
Amounts due from associatesSGD thousand	136,288	152,809	–	–	PDF p. 89
Amounts due from joint venturesSGD thousand	131,344	130,001	653	678	PDF p. 89
Short term investmentsSGD thousand	28,335	16,035	–	–	PDF p. 89
Cash and cash equivalentsSGD thousand	407,528	297,507	228,933	157,175	PDF p. 89
SubtotalSGD thousand	881,969	789,126	551,069	482,210	PDF p. 89
ASSETS
Total assetsSGD thousand	1,801,594	2,055,660	997,382	1,070,468	PDF p. 89
EQUITY AND LIABILITIES; Current liabilities
BorrowingsSGD thousand	230,393	207,481	180,000	170,000	PDF p. 89
Accounts and other payablesSGD thousand	122,596	74,569	5,857	5,815	PDF p. 89
Amounts due to subsidiariesSGD thousand	–	–	176,555	173,506	PDF p. 89
Lease liabilitiesSGD thousand	12,127	12,387	650	631	PDF p. 89
Derivative liabilitiesSGD thousand	721	–	415	–	PDF p. 89
Provision for taxationSGD thousand	4,269	4,921	–	271	PDF p. 89
SubtotalSGD thousand	370,106	299,358	363,477	350,223	PDF p. 89
EQUITY AND LIABILITIES
Net current assetsSGD thousand	511,863	489,768	187,592	131,987	PDF p. 89
EQUITY AND LIABILITIES; Non-current liabilities
BorrowingsSGD thousand	321,980	397,055	209,015	289,445	PDF p. 89
Amounts due to subsidiariesSGD thousand	–	–	22,591	29,046	PDF p. 89
Amounts due to joint venturesSGD thousand	131,463	129,809	–	–	PDF p. 89
Lease liabilitiesSGD thousand	4,401	16,528	3,553	4,204	PDF p. 89
Deferred incomeSGD thousand	5,772	4,708	–	–	PDF p. 89
Derivative liabilitiesSGD thousand	–	144	–	72	PDF p. 89
Deferred tax liabilitiesSGD thousand	22,270	24,751	49	163	PDF p. 89
SubtotalSGD thousand	485,886	572,995	235,208	322,930	PDF p. 89
EQUITY AND LIABILITIES
Total liabilitiesSGD thousand	855,992	872,353	598,685	673,153	PDF p. 89
Net assetsSGD thousand	945,602	1,183,307	398,697	397,315	PDF p. 89
Equity attributable to owners of the Company
Share capitalSGD thousand	169,717	169,717	169,717	169,717	PDF p. 89
Treasury sharesSGD thousand	(1,768)	(1,768)	(1,768)	(1,768)	PDF p. 89
ReservesSGD thousand	756,714	992,389	230,748	229,366	PDF p. 89
SubtotalSGD thousand	924,663	1,160,338	398,697	397,315	PDF p. 89
Non-controlling interestsSGD thousand	20,939	22,969	–	–	PDF p. 89
Total equitySGD thousand	945,602	1,183,307	398,697	397,315	PDF p. 89
Total equity and liabilitiesSGD thousand	1,801,594	2,055,660	997,382	1,070,468	PDF p. 89

Definitions & sources

Original report: PDF p. 89 ↗

Consolidated Statement of Cash Flows

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Consolidated Statement of Cash Flows from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Cash flows from operating activities
Operating (loss)/profit before investment in working capitalSGD thousand	(10,693)	4,208	PDF p. 93
Decrease in development propertiesSGD thousand	952	2,311	PDF p. 93
(Increase)/decrease in inventoriesSGD thousand	(802)	912	PDF p. 93
Decrease in accounts and other receivablesSGD thousand	5,250	1,109	PDF p. 93
Increase in accounts and other payablesSGD thousand	47,699	29,909	PDF p. 93
Cash flows from operationsSGD thousand	42,406	38,449	PDF p. 93
Interest expense paidSGD thousand	(24,661)	(29,713)	PDF p. 93
Interest income receivedSGD thousand	9,119	41,317	PDF p. 93
Income taxes paidSGD thousand	(2,454)	(5,188)	PDF p. 93
Net cash flows from operating activitiesSGD thousand	24,410	44,865	PDF p. 93
Cash flows from investing activities
Purchase of plant and equipmentSGD thousand	(2,856)	(1,452)	PDF p. 93
Proceeds from disposal of short term investmentsSGD thousand	13,592	–	PDF p. 93
Capital distribution from long term and short term investmentsSGD thousand	3,280	3,143	PDF p. 93
Proceeds from disposal and dissolution of associatesSGD thousand	116,207	–	PDF p. 93
Investment in a joint ventureSGD thousand	–	(14,763)	PDF p. 93
Return of capital from associatesSGD thousand	–	10,957	PDF p. 93
Return of capital from a joint ventureSGD thousand	33,627	–	PDF p. 93
Increase in amounts due from associatesSGD thousand	(7,938)	(10,827)	PDF p. 93
Increase in amounts due from joint venturesSGD thousand	(16,775)	(23,647)	PDF p. 93
Dividends received from associatesSGD thousand	2,490	3,123	PDF p. 93
Dividends received from joint venturesSGD thousand	29,339	26,671	PDF p. 93
Dividends received from long term investmentsSGD thousand	2,398	2,751	PDF p. 93
Dividends received from short term investmentsSGD thousand	636	791	PDF p. 93
Net cash flows from/(used in) investing activitiesSGD thousand	174,000	(3,253)	PDF p. 93
Cash flows from financing activities
Drawdown of long term borrowingsSGD thousand	100,000	110,000	PDF p. 93
Repayment of short term borrowings (net)SGD thousand	(156,111)	(95,000)	PDF p. 93
Payment of lease liabilitiesSGD thousand	(13,402)	(13,144)	PDF p. 93
Dividends paidSGD thousand	(16,561)	(16,561)	PDF p. 93
Dividends paid to non-controlling interestsSGD thousand	(887)	–	PDF p. 93
Net cash flows used in financing activitiesSGD thousand	(86,961)	(14,705)	PDF p. 93
Cash and cash equivalents
Net increase in cash and cash equivalentsSGD thousand	111,449	26,907	PDF p. 93
Effect of exchange rate changes in cash and cash equivalentsSGD thousand	(1,428)	(2,087)	PDF p. 93
Cash and cash equivalents at 1 AprilSGD thousand	297,507	272,687	PDF p. 93
Cash and cash equivalents at 31 MarchSGD thousand	407,528	297,507	PDF p. 93

Definitions & sources

Original report: PDF p. 93 ↗

Operating Cash Flow Reconciliation — Note (a)

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Operating Cash Flow Reconciliation — Note (a) from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	Source
Cashflow reconciliation — Note (a)
Loss from operations before taxationSGD thousand	(201,639)	(219,843)	PDF p. 94
Fair value loss on an investment propertySGD thousand	13,520	2,535	PDF p. 94
Finance costsSGD thousand	23,651	30,430	PDF p. 94
Depreciation of plant and equipmentSGD thousand	1,038	843	PDF p. 94
Depreciation of right-of-use assetsSGD thousand	8,466	10,646	PDF p. 94
Impairment of plant and equipmentSGD thousand	1,684	365	PDF p. 94
Impairment of right-of-use assetsSGD thousand	5,016	3,753	PDF p. 94
Share of results of associates, net of taxSGD thousand	125,492	203,356	PDF p. 94
Share of results of joint ventures, net of taxSGD thousand	13,585	(23,149)	PDF p. 94
Interest incomeSGD thousand	(12,180)	(27,806)	PDF p. 94
Dividends from long term investmentsSGD thousand	(2,941)	(3,242)	PDF p. 94
Dividends from short term investmentsSGD thousand	(636)	(791)	PDF p. 94
Gain on disposal of short term investmentsSGD thousand	(2,485)	–	PDF p. 94
Gain on disposal and dissolution of associatesSGD thousand	(1,460)	–	PDF p. 94
Inventories written downSGD thousand	87	142	PDF p. 94
(Write-back of)/allowance for doubtful debtsSGD thousand	(102)	23	PDF p. 94
Allowance for/(write-back of) obsolete inventoriesSGD thousand	117	(100)	PDF p. 94
Net change in fair value of investments at fair value through profit or lossSGD thousand	15,679	21,779	PDF p. 94
Unrealised foreign exchange adjustmentsSGD thousand	2,415	5,267	PDF p. 94
Operating (loss)/profit before investment in working capitalSGD thousand	(10,693)	4,208	PDF p. 94

Definitions & sources

Original report: PDF p. 94 ↗

Statement of Changes in Equity — Group FY2026

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Statement of Changes in Equity — Group FY2026 from Metro Holdings Limited Annual Report 2026
Metric / unit	2026GroupShare capital	2026GroupTreasury shares	2026GroupRevenue reserve	2026GroupForeign currency translation reserve	2026GroupFair value reserve	2026GroupStatutory reserve	2026GroupCash flow hedge reserve	2026GroupOther reserve	2026GroupTotal attributable to owners	2026GroupNon-controlling interests	2026GroupTotal equity	Source
Group equity movements FY2026
At 1 April 2025SGD thousand	169,717	(1,768)	1,112,232	(116,709)	(13,092)	9,945	(144)	157	1,160,338	22,969	1,183,307	PDF p. 90
Loss for the yearSGD thousand	–	–	(203,224)	–	–	–	–	–	(203,224)	162	(203,062)	PDF p. 90
Net change in fair value of equity investments at FVOCISGD thousand	–	–	–	–	(4,562)	–	–	–	(4,562)	–	(4,562)	PDF p. 90
Currency translation adjustments on foreign subsidiaries, associates and joint venturesSGD thousand	–	–	–	(15,219)	–	–	–	–	(15,219)	(1,307)	(16,526)	PDF p. 90
Share of other comprehensive income of associates and joint venturesSGD thousand	–	–	–	3,257	–	–	–	785	4,042	–	4,042	PDF p. 90
Fair value loss on cash flow hedgeSGD thousand	–	–	–	–	–	–	(151)	–	(151)	–	(151)	PDF p. 90
Other comprehensive (expense)/income for the financial year, net of taxSGD thousand	–	–	–	(11,962)	(4,562)	–	(151)	785	(15,890)	(1,307)	(17,197)	PDF p. 90
Total comprehensive (loss)/income for the financial yearSGD thousand	–	–	(203,224)	(11,962)	(4,562)	–	(151)	785	(219,114)	(1,145)	(220,259)	PDF p. 90
Dividends paidSGD thousand	–	–	(16,561)	–	–	–	–	–	(16,561)	–	(16,561)	PDF p. 90
Dividends paid to non-controlling interestSGD thousand	–	–	–	–	–	–	–	–	–	(887)	(887)	PDF p. 90
Total contributions by and distributions to ownersSGD thousand	–	–	(16,561)	–	–	–	–	–	(16,561)	(887)	(17,448)	PDF p. 90
Interest in a subsidiarySGD thousand	–	–	–	–	–	–	–	–	–	2	2	PDF p. 90
Total changes in ownership interests in a subsidiarySGD thousand	–	–	–	–	–	–	–	–	–	2	2	PDF p. 90
Transfer to statutory reserve fundSGD thousand	–	–	(2,379)	–	–	2,379	–	–	–	–	–	PDF p. 90
Total othersSGD thousand	–	–	(2,379)	–	–	2,379	–	–	–	–	–	PDF p. 90
At 31 March 2026SGD thousand	169,717	(1,768)	890,068	(128,671)	(17,654)	12,324	(295)	942	924,663	20,939	945,602	PDF p. 90

Definitions & sources

Original report: PDF p. 90 ↗

Statement of Changes in Equity — Group FY2025

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Statement of Changes in Equity — Group FY2025 from Metro Holdings Limited Annual Report 2026
Metric / unit	2025GroupShare capital	2025GroupTreasury shares	2025GroupRevenue reserve	2025GroupForeign currency translation reserve	2025GroupFair value reserve	2025GroupStatutory reserve	2025GroupCash flow hedge reserve	2025GroupOther reserve	2025GroupTotal attributable to owners	2025GroupNon-controlling interests	2025GroupTotal equity	Source
Group equity movements FY2025
At 1 April 2024SGD thousand	169,717	(1,768)	1,356,819	(95,155)	(12,801)	6,755	–	2,618	1,426,185	23,922	1,450,107	PDF p. 91
Loss for the yearSGD thousand	–	–	(224,836)	–	–	–	–	–	(224,836)	175	(224,661)	PDF p. 91
Net change in fair value of equity investments at FVOCISGD thousand	–	–	–	–	(291)	–	–	–	(291)	–	(291)	PDF p. 91
Currency translation adjustments on foreign subsidiaries, associates and joint venturesSGD thousand	–	–	–	(14,649)	–	–	–	–	(14,649)	(1,128)	(15,777)	PDF p. 91
Share of other comprehensive expense of associates and joint venturesSGD thousand	–	–	–	(6,905)	–	–	–	(2,461)	(9,366)	–	(9,366)	PDF p. 91
Fair value loss on cash flow hedgeSGD thousand	–	–	–	–	–	–	(144)	–	(144)	–	(144)	PDF p. 91
Other comprehensive expense for the financial year, net of taxSGD thousand	–	–	–	(21,554)	(291)	–	(144)	(2,461)	(24,450)	(1,128)	(25,578)	PDF p. 91
Total comprehensive loss for the financial yearSGD thousand	–	–	(224,836)	(21,554)	(291)	–	(144)	(2,461)	(249,286)	(953)	(250,239)	PDF p. 91
Dividends paidSGD thousand	–	–	(16,561)	–	–	–	–	–	(16,561)	–	(16,561)	PDF p. 91
Total contributions by and distributions to ownersSGD thousand	–	–	(16,561)	–	–	–	–	–	(16,561)	–	(16,561)	PDF p. 91
Transfer to statutory reserve fundSGD thousand	–	–	(3,190)	–	–	3,190	–	–	–	–	–	PDF p. 91
Total othersSGD thousand	–	–	(3,190)	–	–	3,190	–	–	–	–	–	PDF p. 91
At 31 March 2025SGD thousand	169,717	(1,768)	1,112,232	(116,709)	(13,092)	9,945	(144)	157	1,160,338	22,969	1,183,307	PDF p. 91

Definitions & sources

Original report: PDF p. 91 ↗

Statement of Changes in Equity — Company FY2026

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Statement of Changes in Equity — Company FY2026 from Metro Holdings Limited Annual Report 2026
Metric / unit	2026CompanyShare capital	2026CompanyTreasury shares	2026CompanyCash flow hedge reserve	2026CompanyRevenue reserve	2026CompanyTotal equity	Source
Company equity movements FY2026
At 1 April 2025SGD thousand	169,717	(1,768)	(72)	229,438	397,315	PDF p. 92
Profit for the year, representing total comprehensive income for the financial yearSGD thousand	–	–	–	17,860	17,860	PDF p. 92
Fair value gain on cash flow hedgeSGD thousand	–	–	83	–	83	PDF p. 92
Dividends paidSGD thousand	–	–	–	(16,561)	(16,561)	PDF p. 92
At 31 March 2026SGD thousand	169,717	(1,768)	11	230,737	398,697	PDF p. 92

Definitions & sources

Original report: PDF p. 92 ↗

Statement of Changes in Equity — Company FY2025

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Statement of Changes in Equity — Company FY2025 from Metro Holdings Limited Annual Report 2026
Metric / unit	2025CompanyShare capital	2025CompanyTreasury shares	2025CompanyCash flow hedge reserve	2025CompanyRevenue reserve	2025CompanyTotal equity	Source
Company equity movements FY2025
At 1 April 2024SGD thousand	169,717	(1,768)	–	223,046	390,995	PDF p. 92
Profit for the year, representing total comprehensive income for the financial yearSGD thousand	–	–	–	22,953	22,953	PDF p. 92
Fair value loss on cash flow hedgeSGD thousand	–	–	(72)	–	(72)	PDF p. 92
Dividends paidSGD thousand	–	–	–	(16,561)	(16,561)	PDF p. 92
At 31 March 2025SGD thousand	169,717	(1,768)	(72)	229,438	397,315	PDF p. 92

Definitions & sources

Original report: PDF p. 92 ↗

Five-year Financial Summary

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Five-year Financial Summary from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	2024Group	2023Group	2022Group	Source
Financial results
RevenueSGD thousand	97,650	104,504	115,908	117,237	100,503	PDF p. 55
(Loss)/Profit from operations before taxationSGD thousand	(201,639)	(219,843)	19,724	31,723	31,699	PDF p. 55
TaxationSGD thousand	(1,423)	(4,818)	(5,112)	(6,379)	(8,048)	PDF p. 55
(Loss)/Profit net of taxationSGD thousand	(203,062)	(224,661)	14,612	25,344	23,651	PDF p. 55
Financial results — deduction from net result
Non-controlling interestsSGD thousand	(162)	(175)	(59)	(193)	49	PDF p. 55
Financial results
Net (loss)/profit attributable to shareholdersSGD thousand	(203,224)	(224,836)	14,553	25,151	23,700	PDF p. 55
Financial results — dividends
Net final dividend proposed/paidSGD thousand	16,561	16,561	16,561	16,561	16,561	PDF p. 55
Net final special dividend proposed/paidSGD thousand	-	-	–	2,070	8,280	PDF p. 55
Balance sheets
Plant and equipmentSGD thousand	1,722	1,588	1,343	1,844	1,988	PDF p. 55
Investment propertySGD thousand	86,282	98,735	102,364	106,196	115,744	PDF p. 55
Other non-current assetsSGD thousand	831,621	1,166,211	1,380,423	1,449,443	1,568,243	PDF p. 55
Current assetsSGD thousand	881,969	789,126	825,989	788,374	817,307	PDF p. 55
Total assetsSGD thousand	1,801,594	2,055,660	2,310,119	2,345,857	2,503,282	PDF p. 55
Balance sheets — source negative presentation
Current liabilitiesSGD thousand	(370,106)	(299,358)	(262,564)	(207,935)	(200,883)	PDF p. 55
Long term and deferred liabilitiesSGD thousand	(485,886)	(572,995)	(597,448)	(656,606)	(696,541)	PDF p. 55
Balance sheets
Net assetsSGD thousand	945,602	1,183,307	1,450,107	1,481,316	1,605,858	PDF p. 55
Financed by
Share capitalSGD thousand	169,717	169,717	169,717	169,717	169,717	PDF p. 55
Treasury sharesSGD thousand	(1,768)	(1,768)	(1,768)	(1,768)	(1,768)	PDF p. 55
ReservesSGD thousand	756,714	992,389	1,258,236	1,288,741	1,411,897	PDF p. 55
Shareholders’ fundsSGD thousand	924,663	1,160,338	1,426,185	1,456,690	1,579,846	PDF p. 55
Non-controlling interestsSGD thousand	20,939	22,969	23,922	24,626	26,012	PDF p. 55
Financed by — total
SubtotalSGD thousand	945,602	1,183,307	1,450,107	1,481,316	1,605,858	PDF p. 55

Definitions & sources

Original report: PDF p. 55 ↗

Five-year Financial Ratios and Dividend Data

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Five-year Financial Ratios and Dividend Data from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	2024Group	2023Group	2022Group	Source
Financial ratios — continuing operations
(Loss)/Earnings per share after tax and non-controlling interestsSingapore cents per share	(24.50)	(27.20)	1.80	3.00	2.90	PDF p. 56
Financial ratios — average basis
Return on shareholders’ fundsPercent	(19.49)	(17.39)	1.01	1.66	1.52	PDF p. 56
Return on total assetsPercent	(10.54)	(10.40)	0.63	1.04	0.98	PDF p. 56
Dividend proposed
Special final & interim net dividend per shareSingapore cents per share	–	–	–	0.25	1.00	PDF p. 56
Final/Interim net dividend per shareSingapore cents per share	2.00	2.00	2.00	2.00	2.00	PDF p. 56
Financial ratios — continuing operations
Dividend coverTimes	N.M.	N.M.	0.88	1.35	0.95	PDF p. 56
Net assets per shareSGD per share	1.12	1.40	1.72	1.76	1.91	PDF p. 56
Financial ratios
Net debt equity ratioTimes	0.16	0.26	0.22	0.18	0.17	PDF p. 56
Total liabilities to shareholders’ fundsTimes	0.93	0.75	0.60	0.59	0.57	PDF p. 56
Financial ratios — continuing operations
Interest coverTimes	N.M.	N.M.	1.64	2.18	2.65	PDF p. 56

Definitions & sources

Original report: PDF p. 56 ↗

Loss Used in EPS Computation — Note 10

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Loss Used in EPS Computation — Note 10 from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	Source
EPS computation
Loss net of taxation attributable to owners of the CompanySGD thousand	(203,224)	(224,836)	PDF p. 120

Definitions & sources

Original report: PDF p. 120 ↗

Weighted Average Ordinary Shares — Note 10

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Weighted Average Ordinary Shares — Note 10 from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	Source
EPS computation
Weighted average number of ordinary shares for basic and diluted EPS computationThousand shares	828,036	828,036	PDF p. 120

Definitions & sources

Original report: PDF p. 120 ↗

Cash and Cash Equivalents — Note 21

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Cash and Cash Equivalents — Note 21 from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Note 21 — Cash and cash equivalents
Fixed depositsSGD thousand	356,552	217,015	217,905	153,942	PDF p. 135
Cash on hand and at bankSGD thousand	50,976	80,492	11,028	3,233	PDF p. 135
Cash and cash equivalentsSGD thousand	407,528	297,507	228,933	157,175	PDF p. 135

Definitions & sources

Original report: PDF p. 135 ↗

Issued ordinary shares — Number (Note 25)

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Issued ordinary shares — Number (Note 25) from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group and Company	2025Group and Company	Source
Issued ordinary shares
Balance at beginning and end of the financial yearThousand shares	831,549	831,549	PDF p. 139

Definitions & sources

Original report: PDF p. 139 ↗

Issued ordinary shares — Amount (Note 25)

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Issued ordinary shares — Amount (Note 25) from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group and Company	2025Group and Company	Source
Issued ordinary shares
Balance at beginning and end of the financial yearSGD thousand	169,717	169,717	PDF p. 139

Definitions & sources

Original report: PDF p. 139 ↗

Treasury shares — Number (Note 25)

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Treasury shares — Number (Note 25) from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group and Company	2025Group and Company	Source
Treasury shares
Balance at beginning and end of the financial yearThousand shares	3,513	3,513	PDF p. 139

Definitions & sources

Original report: PDF p. 139 ↗

Treasury shares — Amount (Note 25)

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Treasury shares — Amount (Note 25) from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group and Company	2025Group and Company	Source
Treasury shares
Balance at beginning and end of the financial yearSGD thousand	1,768	1,768	PDF p. 139

Definitions & sources

Original report: PDF p. 139 ↗

Dividends Paid — Note 27

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Dividends Paid — Note 27 from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group and Company	2025Group and Company	Source
Paid during the financial year; FY2026 cash payment relates to FY2025, FY2025 payment to FY2024
Final exempt (one-tier) dividend for the previous financial yearSGD thousand	16,561	16,561	PDF p. 140
Dividend per ordinary shareSingapore cents per share	2.0	2.0	PDF p. 140

Definitions & sources

Original report: PDF p. 140 ↗

Dividends Proposed — Note 27

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Dividends Proposed — Note 27 from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group and Company	2025Group and Company	Source
Proposed but not recognised as a liability as at 31 March; subject to shareholders approval at AGM
Final exempt (one-tier) dividend for the current financial yearSGD thousand	16,561	16,561	PDF p. 140
Dividend per ordinary shareSingapore cents per share	2.0	2.0	PDF p. 140

Definitions & sources

Original report: PDF p. 140 ↗

Reserves — Note 26

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Reserves — Note 26 from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group	2025Group	2026Company	2025Company	Source
Note 26 — Reserves
Revenue reserveSGD thousand	890,068	1,112,232	230,737	229,438	PDF p. 139
Foreign currency translation reserveSGD thousand	(128,671)	(116,709)	–	–	PDF p. 139
Fair value reserveSGD thousand	(17,654)	(13,092)	–	–	PDF p. 139
Cash flow hedge reserveSGD thousand	(295)	(144)	11	(72)	PDF p. 139
Statutory reserveSGD thousand	12,324	9,945	–	–	PDF p. 139
Other reserveSGD thousand	942	157	–	–	PDF p. 139
Note 26 — Total reserves
SubtotalSGD thousand	756,714	992,389	230,748	229,366	PDF p. 139

Definitions & sources

Original report: PDF p. 139 ↗

Unquoted Subsidiary Investments at Cost — Note 35

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Unquoted Subsidiary Investments at Cost — Note 35 from Metro Holdings Limited Annual Report 2026
Metric / unit	2026Group (source heading)	2025Group (source heading)	Source
Note 35 — Unquoted subsidiary equity investments at cost; source header Group; * means cost less than SGD1,000
Metro (Private) LimitedSGD thousand	8,914	8,914	PDF p. 162
Orchard Square Development Corporation Pte LtdSGD thousand	7,576	7,576	PDF p. 162
Metrobilt Pte LtdSGD thousand	4,038	4,038	PDF p. 162
Metro Australia Holdings Pte LtdSGD thousand	1,000	1,000	PDF p. 162
Meren Pte LtdSGD thousand	300	300	PDF p. 162
Metro China Holdings Pte LtdSGD thousand	*	*	PDF p. 162
Sun Capital Assets Pte LtdSGD thousand	46,000	46,000	PDF p. 162
Metro ARC Investments Pte LtdSGD thousand	*	*	PDF p. 162
Metro Investments Holdings Pte LtdSGD thousand	*	*	PDF p. 162
Metro Lifestyle Pte LtdSGD thousand	10	–	PDF p. 162
SubtotalSGD thousand	67,838	67,828	PDF p. 162

Definitions & sources

Original report: PDF p. 162 ↗

Where the money comes from

Segment information

By business

Business segments 2026 - revenue and results 12 lines

Business segments 2026 - revenue and results
Item / unit	2026Property segment	2026Retail segment	2026Total	Source
Segment revenue
– Sales of goods and net commission from concessionaires$'000	–	92,268	92,268	PDF p. 145
– Sales of property rights$'000	1,130	–	1,130	PDF p. 145
– Rental income$'000	4,252	–	4,252	PDF p. 145
Total segment revenue$'000	5,382	92,268	97,650	PDF p. 145
2026
Segment results(1)$'000	(14,143)	(11,248)	(25,391)	PDF p. 145
Fair value loss on an investment property$'000	(13,520)	–	(13,520)	PDF p. 145
Finance costs$'000	(22,770)	(881)	(23,651)	PDF p. 145
Share of results of associates, net of tax$'000	(125,492)	–	(125,492)	PDF p. 145
Share of results of joint ventures, net of tax$'000	(13,585)	–	(13,585)	PDF p. 145
Segment loss from operations before taxation$'000	(189,510)	(12,129)	(201,639)	PDF p. 145
Taxation$'000	(2,171)	748	(1,423)	PDF p. 145
Loss net of taxation$'000	(191,681)	(11,381)	(203,062)	PDF p. 145

Notes

(1) Segment results include gross profit, other net income, depreciation and impairment of right-of-use and fixed assets and general and administrative expenses (refer to Consolidated Income Statement).

Business segments 2025 - revenue and results 12 lines

Business segments 2025 - revenue and results
Item / unit	2025Property segment	2025Retail segment	2025Total	Source
Segment revenue
– Sales of goods and net commission from concessionaires$'000	–	96,510	96,510	PDF p. 145
– Sales of property rights$'000	2,982	–	2,982	PDF p. 145
– Rental income$'000	5,012	–	5,012	PDF p. 145
Total segment revenue$'000	7,994	96,510	104,504	PDF p. 145
2025
Segment results(1)$'000	(1,190)	(5,481)	(6,671)	PDF p. 145
Fair value loss on an investment property$'000	(2,535)	–	(2,535)	PDF p. 145
Finance costs$'000	(28,299)	(2,131)	(30,430)	PDF p. 145
Share of results of associates, net of tax$'000	(203,356)	–	(203,356)	PDF p. 145
Share of results of joint ventures, net of tax$'000	23,149	–	23,149	PDF p. 145
Segment loss from operations before taxation$'000	(212,231)	(7,612)	(219,843)	PDF p. 145
Taxation$'000	(5,580)	762	(4,818)	PDF p. 145
Loss net of taxation$'000	(217,811)	(6,850)	(224,661)	PDF p. 145

Notes

Business segments 2026 - assets, liabilities and other segment information 19 lines

Business segments 2026 - assets, liabilities and other segment information
Item / unit	2026Property segment	2026Retail segment	2026Total	Source
Assets and liabilities
Segment assets$'000	714,605	28,680	743,285	PDF p. 146
Associates$'000	552,885	–	552,885	PDF p. 146
Joint ventures$'000	505,424	–	505,424	PDF p. 146
Total assets$'000	1,772,914	28,680	1,801,594	PDF p. 146
Segment liabilities$'000	794,013	35,440	829,453	PDF p. 146
Provision for taxation$'000	4,269	–	4,269	PDF p. 146
Deferred tax liabilities$'000	22,270	–	22,270	PDF p. 146
Total liabilities$'000	820,552	35,440	855,992	PDF p. 146
Other segment information - Additions to non-current assets
– Plant and equipment$'000	15	2,841	2,856	PDF p. 146
Other segment information
Finance costs$'000	22,770	881	23,651	PDF p. 146
Interest income$'000	(12,133)	(47)	(12,180)	PDF p. 146
Depreciation of plant and equipment$'000	49	989	1,038	PDF p. 146
Depreciation of right-of-use assets$'000	642	7,824	8,466	PDF p. 146
Impairment of plant and equipment$'000	–	1,684	1,684	PDF p. 146
Impairment of right-of-use assets$'000	–	5,016	5,016	PDF p. 146
Other material non-cash items
Inventories written down$'000	–	87	87	PDF p. 146
Net change in fair value of investments at fair value through profit or loss (unrealised)$'000	15,679	–	15,679	PDF p. 146
Net change in fair value of investments at fair value through other comprehensive income (unrealised)$'000	4,562	–	4,562	PDF p. 146
Allowance for obsolete inventories$'000	–	117	117	PDF p. 146

Notes

Label wraps across two lines in source for the fair value rows.

Business segments 2025 - assets, liabilities and other segment information 19 lines

Business segments 2025 - assets, liabilities and other segment information
Item / unit	2025Property segment	2025Retail segment	2025Total	Source
Assets and liabilities
Segment assets$'000	653,567	54,273	707,840	PDF p. 147
Associates$'000	784,651	–	784,651	PDF p. 147
Joint ventures$'000	563,169	–	563,169	PDF p. 147
Total assets$'000	2,001,387	54,273	2,055,660	PDF p. 147
Segment liabilities$'000	793,504	49,177	842,681	PDF p. 147
Provision for taxation$'000	4,857	64	4,921	PDF p. 147
Deferred tax liabilities$'000	24,751	–	24,751	PDF p. 147
Total liabilities$'000	823,112	49,241	872,353	PDF p. 147
Other segment information - Additions to non-current assets
– Plant and equipment$'000	110	1,342	1,452	PDF p. 147
Other segment information
Finance costs$'000	28,299	2,131	30,430	PDF p. 147
Interest income$'000	(27,511)	(295)	(27,806)	PDF p. 147
Depreciation of plant and equipment$'000	52	791	843	PDF p. 147
Depreciation of right-of-use assets$'000	642	10,004	10,646	PDF p. 147
Impairment of plant and equipment$'000	–	365	365	PDF p. 147
Impairment of right-of-use assets$'000	–	3,753	3,753	PDF p. 147
Other material non-cash items
Inventories written down$'000	–	142	142	PDF p. 147
Net change in fair value of investments at fair value through profit or loss (unrealised)$'000	21,779	–	21,779	PDF p. 147
Net change in fair value of investments at fair value through other comprehensive income (unrealised)$'000	291	–	291	PDF p. 147
Write-back of obsolete inventories$'000	–	(100)	(100)	PDF p. 147

Notes

Label wraps across two lines in source for the fair value rows.

By geography

Geographical information 10 lines

Geographical information
Item / unit	2026ASEAN(1)(2)	2026People's Republic of China	2026Australia	2026Others(3)	2026Group	2025ASEAN(1)(2)	2025People's Republic of China	2025Australia	2025Others(3)	2025Group	Source
Segment revenue from external customers$'000	93,398	4,252	–	–	97,650	99,492	5,012	–	–	104,504	PDF p. 148
(Loss)/profit from operations before taxation$'000	(24,907)	(168,599)	6,509	(14,642)	(201,639)						PDF p. 148
Non-current assets
– Plant and equipment$'000	1,719	3	–	–	1,722	1,585	3	–	–	1,588	PDF p. 148
– Right-of-use assets$'000	6,546	–	–	–	6,546	20,028	–	–	–	20,028	PDF p. 148
– Investment property$'000	–	86,282	–	–	86,282	–	98,735	–	–	98,735	PDF p. 148
– Associates$'000	385	239,405	152,004	24,803	416,597	116,091	344,896	139,011	31,844	631,842	PDF p. 148
– Joint ventures$'000	85,499	156,168	–	132,413	374,080	122,717	193,424	–	117,027	433,168	PDF p. 148
– Long term investments$'000	–	2,331	–	31,641	33,972	–	7,499	–	73,674	81,173	PDF p. 148
Total non-current assets$'000	94,149	484,189	152,004	188,857	919,199	260,421	644,557	139,011	222,545	1,266,534	PDF p. 148
Loss from operations before taxation$'000						(10,697)	(202,269)	(4,336)	(2,541)	(219,843)	PDF p. 148

Notes

Revenue, (loss)/profit from operations before taxation and non-current assets information based on the geographical location of the customers and assets respectively.

(1) ASEAN includes retail segment, investment holding companies and costs of provision of corporate and management services.

(2) Non-current assets primarily relate to those attributable to Singapore.

(3) Others include investment properties and projects (held through associates and joint ventures) mainly in the United Kingdom as well as long term investments in quoted and unquoted securities that mainly invests in the United States, Europe and Japan.

The profit row label wraps: '(Loss)/profit from operations' / 'before taxation'; the total non-current assets row is unlabelled.

Footnotes (1)-(3) as for the 2026 geographical table: (1) ASEAN includes retail segment, investment holding companies and costs of provision of corporate and management services. (2) Non-current assets primarily relate to those attributable to Singapore. (3) Others include investment properties and projects (held through associates and joint ventures) mainly in the United Kingdom as well as long term investments in quoted and unquoted securities that mainly invests in the United States, Europe and Japan.

The total non-current assets row is unlabelled.

Debt

Borrowings

Borrowings and maturity of borrowings

Borrowings and maturity of borrowings
Item / unit	2026Group	2025Group	2026Company	2025Company	Source
Current
Current Bank borrowings – Unsecured$'000	230,393	207,481	180,000	170,000	PDF p. 136
Non-current
Non-current Bank borrowings – Unsecured$'000	321,980	397,055	209,015	289,445	PDF p. 136
Maturity of borrowings
Within 1 year$'000	230,393	207,481	180,000	170,000	PDF p. 136
Within 2 to 5 years$'000	321,980	397,055	209,015	289,445	PDF p. 136
Total repayable$'000	552,373	604,536	389,015	459,445	PDF p. 136

Notes

(a) The Group’s current bank borrowings are denominated in Singapore dollars and Sterling pounds. The bank borrowings bear interest at rates ranging from 2.6% to 5.7% (2025: 3.6% to 6.2%) per annum.

(b) The Group’s non-current bank borrowings are denominated in Singapore dollars and Australian dollars. The bank borrowings bear interest at rates ranging from 2.1% to 5.7% (2025: 3.5% to 6.0%) per annum.

The Group’s non-current borrowings amounting to $321,980,000 (2025: $397,055,000) is subject to compliance with certain financial covenants assessed half-yearly; the Group is in compliance (page 137).

All borrowings are unsecured bank borrowings; no 'over 5 years' bucket is printed in this table. The maturity total row has no printed label.

Liquidity risk: contractual undiscounted maturities of Borrowings and Lease liabilities – Group

Liquidity risk: contractual undiscounted maturities of Borrowings and Lease liabilities – Group — Group
Item / unit	20261 year or less	20261 to 5 years	2026Over 5 years	2026Total	Source
Group 2026 Financial liabilities
Borrowings$'000	246,679	342,248	–	588,927	PDF p. 153
Lease liabilities$'000	12,544	4,713	–	17,257	PDF p. 153

Notes

Based on contractual undiscounted repayment obligations (includes interest).

Liquidity risk: contractual undiscounted maturities of Borrowings and Lease liabilities – Group

Liquidity risk: contractual undiscounted maturities of Borrowings and Lease liabilities – Group — Group
Item / unit	20261 year or less	20261 to 5 years	2026Over 5 years	2026Total	20251 year or less	20251 to 5 years	2025Over 5 years	2025Total	Source
Group Financial liabilities
Borrowings$'000	246,679	342,248	–	588,927	225,629	430,025	–	655,654	PDF p. 153
Lease liabilities$'000	12,544	4,713	–	17,257	13,401	16,492	765	30,658	PDF p. 153

Notes

Based on contractual undiscounted repayment obligations (includes interest).

Based on contractual undiscounted repayment obligations.

Liquidity risk: contractual undiscounted maturities of Borrowings and Lease liabilities – Company

Liquidity risk: contractual undiscounted maturities of Borrowings and Lease liabilities – Company — Company
Item / unit	20261 year or less	20261 to 5 years	2026Over 5 years	2026Total	20251 year or less	20251 to 5 years	2025Over 5 years	2025Total	Source
Company Financial liabilities
Borrowings$'000	189,881	223,132	–	413,013	181,821	310,005	–	491,826	PDF p. 154
Lease liabilities$'000	765	3,825	–	4,590	765	3,825	765	5,355	PDF p. 154

Notes

Based on contractual undiscounted repayment obligations.

Borrowing notes 4 tables

Borrowings denominated in foreign currencies

Borrowings denominated in foreign currencies
Item / unit	2026Group	2025Group	2026Company	2025Company	Source
Foreign currency borrowings
Australian Dollar$'000	112,965	107,610	–	–	PDF p. 137
Sterling Pound$'000	50,393	37,481	–	–	PDF p. 137

Notes

Amounts are in $'000 as printed in the column header.

Reconciliation of borrowings arising from financing activities (FY2026, Group)

Reconciliation of borrowings arising from financing activities (FY2026, Group) — Group
Item / unit	20261 April 2025 opening	2026Drawdown	2026Repayment	2026Foreign exchange movement	2026Reclass	2026Others	202631 March 2026 closing	Source
Reconciliation FY2026
Borrowings – Current$'000	207,481	53,999	(210,110)	(977)	180,000	–	230,393	PDF p. 136
Borrowings – Non-current$'000	397,055	100,000	–	5,355	(180,000)	(430)	321,980	PDF p. 136

Notes

Total row: 604,536 153,999 (210,110) 4,378 – (430) 552,373.

Reconciliation of borrowings arising from financing activities (FY2025, Group)

Reconciliation of borrowings arising from financing activities (FY2025, Group) — Group
Item / unit	20251 April 2024 opening	2025Drawdown	2025Repayment	2025Foreign exchange movement	2025Reclass	2025Others	202531 March 2025 closing	Source
Reconciliation FY2025
Borrowings – Current$'000	201,747	170,000	(265,000)	734	100,000	–	207,481	PDF p. 136
Borrowings – Non-current$'000	391,368	110,000	–	(4,335)	(100,000)	22	397,055	PDF p. 136

Notes

Total row: 593,115 280,000 (265,000) (3,601) – 22 604,536.

Balance sheet: Borrowings and Lease liabilities (current and non-current)

Balance sheet: Borrowings and Lease liabilities (current and non-current)
Item / unit	2026Group	2025Group	2026Company	2025Company	Source
Current liabilities
Borrowings (current)$'000	230,393	207,481	180,000	170,000	PDF p. 89
Lease liabilities (current)$'000	12,127	12,387	650	631	PDF p. 89
Non-current liabilities
Borrowings (non-current)$'000	321,980	397,055	209,015	289,445	PDF p. 89
Lease liabilities (non-current)$'000	4,401	16,528	3,553	4,204	PDF p. 89

Notes

Balance sheet in Singapore dollars.

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Provision 11.6 – Dividend policy	While the Company has not formally instituted a dividend policy, it has a good track record of paying annual dividends to shareholders. In proposing any dividend payout and/or determining the form, frequency and/or the amount of such dividend payout, the Board will take into account, inter alia, the Group’s financial position, retained earnings, results of operations, cash flow, the Group’s expected working capital requirements, the Group’s expected capital expenditure, and future expansion and investment plans and other funding requirements, general economic conditions, and other internal or external factors that may have an impact on the business or financial performance and position of the Group. The Board endeavours to maintain a balance between meeting shareholders’ expectations and prudent capital management with a sustainable dividend payout.	Company	PDF p. 77

Dividends declared and proposed

Item	Value	Period / scope	Source
Final exempt (one-tier) dividend for 2026 of 2.0 cents (2025: 2.0 cents) per ordinary share	2.0 cents per share	FY2026 (year ended 31 March 2026) proposed final dividend; exempt (one-tier); Group and Company	PDF p. 140
Final exempt (one-tier) dividend for 2026 of 2.0 cents (2025: 2.0 cents) per ordinary share	2.0 cents per share	FY2025 (year ended 31 March 2025) comparative proposed final dividend; exempt (one-tier); Group and Company	PDF p. 140
Final exempt (one-tier) dividend for 2025 of 2.0 cents (2024: 2.0 cents) per ordinary share	2.0 cents per share	Dividend paid during FY2026 (final for FY2025); exempt (one-tier); Group and Company	PDF p. 140
NOTICE OF RECORD DATE	6 August 2026	Proposed first and final tax exempt (one-tier) dividend of 2.0 cents for FY ended 31 March 2026	PDF p. 174
The Proposed Dividend payment date	18 August 2026	Proposed first and final tax exempt (one-tier) dividend of 2.0 cents for FY2026	PDF p. 174

Payout

Item	Value	Period / scope	Source
Final/Interim net dividend per share (cents)	2.00 cents per share	FY2026 and FY2025 (five-year table: 2026 2.00, 2025 2.00, 2024 2.00, 2023 2.00, 2022 2.00); no special dividend in 2026 or 2025	PDF p. 56
Dividend cover (times)	N.M.	FY2026 and FY2025 (both N.M.); 2024 0.88	PDF p. 56

Extracted from Metro Holdings Limited Annual Report 2026 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Auditor	Ernst & Young LLP	Group	PDF p. 86
Engagement partner	Lee Wei Hock	Group	PDF p. 86
Opinion	so as to give a true and fair view	Group and Company	PDF p. 82

Key audit matters

Item	Value	Period / scope	Source
Valuation of investment property	The valuation of the investment property is considered a key audit matter because it involves the use of a range of estimates (amongst others, capitalisation rates and rental rates) made by management and the External Appraiser.	Group	PDF p. 83
Accounting of interests in associates and joint ventures	We identified this as a key audit matter because the interests in associates and joint ventures and the share of their results are material to the Group’s balance sheet and profit or loss, and the valuation of investment properties and impairment assessment of development/developed properties involve significant management judgement and estimation uncertainty.	Group	PDF p. 83

Going concern

Item	Value	Period / scope	Source
Material Uncertainty Related to Going Concern	the independent auditor’s report of TSI included an emphasis of matter on material uncertainty related to going concern	Associate: Top Spring International Holdings Limited (TSI), FY ended 31 December 2025	PDF p. 128

Extracted from Metro Holdings Limited Annual Report 2026 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 Metro Holdings Limited Annual Report 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Financial-summary figures are SGD thousands; ratios, per-share values and dividend rates retain their original units. Source minus/dash and N.M. (not meaningful) notation is preserved.

The source states that ROE and ROA use an average basis and ratios marked # relate to continuing operations. Comparisons using net attributable results and the adjacent disclosed year-end balances are recorded separately; the reported ratios remain unchanged.

FY2025 return on total assets is printed as (10.40)%. Using net loss attributable to shareholders of 224,836 thousand and average FY2025/FY2024 total assets of 2,055,660/2,310,119 thousand gives (10.30)%. The printed ratio is retained; the report does not specify an alternative denominator explaining this comparison difference (PDF pp.55–56).

Summary dividends are proposed/paid amounts as labelled. They are distinct from cashflow dividends paid during each financial year.

Historical summary NCI in results is shown as a deduction, while the primary income attribution separately reports the NCI result. Original signs are retained in each context.

Note 10 EPS uses 828,036 thousand weighted shares; issued 831,549 thousand less treasury 3,513 thousand agrees at source precision. Share statistics are exact shares dated 28 May 2026, a distinct reporting date.

Note 25 treasury cost is a positive 1,768 thousand; the balance sheet shows the contra-equity amount as (1,768). Original signs are retained.

Note 27 separates 16,561 thousand cash dividends paid for the prior year from 16,561 thousand proposed for the current year, subject to AGM approval. Both source rates are 2.0 Singapore cents.

Note 35 cost schedule is headed Group in the original despite matching the Company balance-sheet subsidiary investment amount; original heading is retained. * means cost less than SGD1,000 and is not rewritten as zero.

Group and Company equity movements are both disclosed and included. Separate Company primary income and cashflow statements are not disclosed.

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