InnoTek M14

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Financials

INNOTEK LIMITED • 2025 ANNUAL REPORT

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40 tables

Group / Company balance sheets — FY2025 source

42 metrics

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Group / Company balance sheets — FY2025 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	40,648	39,782	6	11	PDF p. 85
Right-of-use assetsSingapore dollars thousands	25,571	12,657	9	39	PDF p. 85
Investment propertiesSingapore dollars thousands	25,941	27,004	–	–	PDF p. 85
Intangible assetsSingapore dollars thousands	1,431	946	–	–	PDF p. 85
Investment in a subsidiarySingapore dollars thousands	–	–	47,061	47,061	PDF p. 85
Loan to a subsidiarySingapore dollars thousands	–	–	16,440	10,000	PDF p. 85
Investment in joint ventureSingapore dollars thousands	–	–	–	–	PDF p. 85
Deferred tax assetsSingapore dollars thousands	1,072	1,251	–	–	PDF p. 85
Other receivablesSingapore dollars thousands	2,021	1,133	–	–	PDF p. 85
SubtotalSingapore dollars thousands	96,684	82,773	63,516	57,111	PDF p. 85
Current assets
InventoriesSingapore dollars thousands	35,101	32,925	–	–	PDF p. 85
Trade and other receivablesSingapore dollars thousands	71,600	67,192	8,941	8,315	PDF p. 85
Income tax recoverableSingapore dollars thousands	–	142	–	–	PDF p. 85
Contract assetsSingapore dollars thousands	6,582	5,418	–	–	PDF p. 85
PrepaymentsSingapore dollars thousands	1,956	4,239	34	41	PDF p. 85
Other investmentsSingapore dollars thousands	20,533	21,181	20,533	21,181	PDF p. 85
Cash and short-term depositsSingapore dollars thousands	46,505	48,920	15,525	17,293	PDF p. 85
SubtotalSingapore dollars thousands	182,277	180,017	45,033	46,830	PDF p. 85
Total assetsSingapore dollars thousands	278,961	262,790	108,549	103,941	PDF p. 85
Current liabilities
ProvisionsSingapore dollars thousands	–	5	–	–	PDF p. 85
Income tax payableSingapore dollars thousands	3,581	4,208	50	90	PDF p. 85
Trade and other payablesSingapore dollars thousands	63,759	58,460	571	620	PDF p. 85
Contract liabilitiesSingapore dollars thousands	2,441	2,332	–	–	PDF p. 85
Loans and borrowingsSingapore dollars thousands	9,709	4,976	–	–	PDF p. 85
Lease liabilitiesSingapore dollars thousands	5,603	6,918	9	30	PDF p. 85
SubtotalSingapore dollars thousands	85,093	76,899	630	740	PDF p. 85
Net current assetsSingapore dollars thousands	97,184	103,118	44,403	46,090	PDF p. 85
Non-current liabilities
ProvisionsSingapore dollars thousands	365	385	–	–	PDF p. 85
Deferred tax liabilitiesSingapore dollars thousands	2,040	2,016	302	210	PDF p. 85
Other payableSingapore dollars thousands	364	372	–	–	PDF p. 85
Lease liabilitiesSingapore dollars thousands	19,852	6,943	–	9	PDF p. 85
SubtotalSingapore dollars thousands	22,621	9,716	302	219	PDF p. 85
Total liabilitiesSingapore dollars thousands	107,714	86,615	932	959	PDF p. 85
Net assets the CompanySingapore dollars thousands	171,247	176,175	107,617	102,982	PDF p. 85 Label p. 85
Equity attributable to owners of
Share capitalSingapore dollars thousands	98,021	98,021	98,021	98,021	PDF p. 85
Treasury sharesSingapore dollars thousands	(7,465)	(8,855)	(7,465)	(8,855)	PDF p. 85
Retained earningsSingapore dollars thousands	86,165	88,993	17,877	14,732	PDF p. 85
Other reservesSingapore dollars thousands	(5,474)	(2,656)	(816)	(916)	PDF p. 85
SubtotalSingapore dollars thousands	171,247	175,503	107,617	102,982	PDF p. 85
Non-controlling interestsSingapore dollars thousands	–	672	–	–	PDF p. 85
SubtotalSingapore dollars thousands	171,247	176,175	107,617	102,982	PDF p. 85
Total liabilities and equitySingapore dollars thousands	278,961	262,790	108,549	103,941	PDF p. 85

Definitions & sources

Original report: PDF p. 85 ↗

Consolidated income statement — FY2025 source

16 metrics

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Consolidated income statement — FY2025 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Group	2024Group	Source
Consolidated income statement — FY2025 source
RevenueSingapore dollars thousands	209,914	238,035	PDF p. 83
Cost of salesSingapore dollars thousands	(181,332)	(201,600)	PDF p. 83
Gross profitSingapore dollars thousands	28,582	36,435	PDF p. 83
Other items of income
Interest incomeSingapore dollars thousands	1,139	2,137	PDF p. 83
Other incomeSingapore dollars thousands	5,797	7,343	PDF p. 83
Other items of expense
Selling and distribution expensesSingapore dollars thousands	(4,083)	(4,377)	PDF p. 83
Administrative expensesSingapore dollars thousands	(26,395)	(29,805)	PDF p. 83
Finance costsSingapore dollars thousands	(1,264)	(2,064)	PDF p. 83
Other expensesSingapore dollars thousands	(1,150)	(1,541)	PDF p. 83
Share of results of joint ventureSingapore dollars thousands	–	(806)	PDF p. 83
Profit before taxSingapore dollars thousands	2,626	7,322	PDF p. 83
Income tax expenseSingapore dollars thousands	(1,074)	(1,830)	PDF p. 83
Profit, net of taxSingapore dollars thousands	1,552	5,492	PDF p. 83
Profit/(loss) attributable to:
– Owners of the CompanySingapore dollars thousands	1,997	5,797	PDF p. 83
– Non-controlling interestsSingapore dollars thousands	(445)	(305)	PDF p. 83
SubtotalSingapore dollars thousands	1,552	5,492	PDF p. 83

Definitions & sources

Original report: PDF p. 83 ↗

Basic / diluted EPS — FY2025 source

2 metrics

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Basic / diluted EPS — FY2025 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Group	2024Group	Source
(cents per share)
BasicSingapore cents per share	0.87	2.51	PDF p. 83
DilutedSingapore cents per share	0.87	2.51	PDF p. 83

Definitions & sources

Original report: PDF p. 83 ↗

Consolidated comprehensive income — FY2025 source

9 metrics

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Consolidated comprehensive income — FY2025 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Group	2024Group	Source
Consolidated comprehensive income — FY2025 source
Profit, net of taxSingapore dollars thousands	1,552	5,492	PDF p. 84
Items that may be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands	(3,435)	1,527	PDF p. 84
Foreign currency translation recycled to profit or loss upon disposal of a subsidiarySingapore dollars thousands	196	–	PDF p. 84 Label p. 84
Fair value gain on financial assets measured at fair value through other comprehensive income (“FVOCI”)Singapore dollars thousands	180	325	PDF p. 84 Label p. 84
Other comprehensive income for the year, net of taxSingapore dollars thousands	(3,059)	1,852	PDF p. 84
Total comprehensive income for the yearSingapore dollars thousands	(1,507)	7,344	PDF p. 84
Total comprehensive income attributable to:
– Owners of the CompanySingapore dollars thousands	(1,018)	7,663	PDF p. 84
– Non-controlling interestsSingapore dollars thousands	(489)	(319)	PDF p. 84
SubtotalSingapore dollars thousands	(1,507)	7,344	PDF p. 84

Definitions & sources

Original report: PDF p. 84 ↗

Group equity movements — FY2025 source — ending2025

16 metrics

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Group equity movements — FY2025 source — ending2025 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Group — Equity total	2025Group — Share capital	2025Group — Treasury shares	2025Group — Retained earnings	2025Group — Other reserves	2025Group — Non-controlling interests	Source
Group equity movements — FY2025 source
At 1 January 2025Singapore dollars thousands	176,175	98,021	(8,855)	88,993	(2,656)	672	PDF p. 86
Profit for the yearSingapore dollars thousands	1,552	–	–	1,997	–	(445)	PDF p. 86
for the year, net of tax
Foreign currency translationSingapore dollars thousands	(3,435)	–	–	–	(3,391)	(44)	PDF p. 86
Foreign currency translation recycled to profit or loss upon disposal of a subsidiarySingapore dollars thousands	196	–	–	–	196	–	PDF p. 86 Label p. 86
Fair value gain on financial assets measured at FVOCISingapore dollars thousands	180	–	–	–	180	–	PDF p. 86 Label p. 86
Total comprehensive income for the yearSingapore dollars thousands	(1,507)	–	–	1,997	(3,015)	(489)	PDF p. 86 Label p. 86
distributions to owners
Dividends on ordinary sharesSingapore dollars thousands	(4,604)	–	–	(4,604)	–	–	PDF p. 86
Share-based paymentsSingapore dollars thousands	214	–	–	–	214	–	PDF p. 86
Expiry of employees share optionsSingapore dollars thousands	–	–	–	56	(56)	–	PDF p. 86 Label p. 86
Treasury shares issued pursuant to employees share option planSingapore dollars thousands	1,715	–	1,953	–	(238)	–	PDF p. 86 Label p. 86
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(2,675)	–	1,953	(4,548)	(80)	–	PDF p. 86 Label p. 86
interests in subsidiary
Disposal of a subsidiary with non-controlling interestSingapore dollars thousands	(183)	–	–	–	–	(183)	PDF p. 86 Label p. 86
Total changes in ownership interests in subsidiarySingapore dollars thousands	(183)	–	–	–	–	(183)	PDF p. 86 Label p. 86
Others
Transfer to statutory reserve fundSingapore dollars thousands	–	–	–	(277)	277	–	PDF p. 86 Label p. 86
Purchase of treasury sharesSingapore dollars thousands	(563)	–	(563)	–	–	–	PDF p. 86
At 31 December 2025Singapore dollars thousands	171,247	98,021	(7,465)	86,165	(5,474)	–	PDF p. 86

Definitions & sources

Original report: PDF p. 86 ↗

Group equity movements — FY2025 source — ending2024

11 metrics

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Group equity movements — FY2025 source — ending2024 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2024Group — Equity total	2024Group — Share capital	2024Group — Treasury shares	2024Group — Retained earnings	2024Group — Other reserves	2024Group — Non-controlling interests	Source
Group equity movements — FY2025 source
At 1 January 2024Singapore dollars thousands	173,336	98,021	(8,855)	87,578	(4,399)	991	PDF p. 87
Profit for the yearSingapore dollars thousands	5,492	–	–	5,797	–	(305)	PDF p. 87
for the year, net of tax
Foreign currency translationSingapore dollars thousands	1,527	–	–	–	1,541	(14)	PDF p. 87
Fair value gain on financial assets measured at FVOCISingapore dollars thousands	325	–	–	–	325	–	PDF p. 87 Label p. 87
Total comprehensive income for the yearSingapore dollars thousands	7,344	–	–	5,797	1,866	(319)	PDF p. 87 Label p. 87
distributions to owners
Dividends on ordinary sharesSingapore dollars thousands	(4,626)	–	–	(4,626)	–	–	PDF p. 87
Grant of equity-settled share options to employeesSingapore dollars thousands	121	–	–	–	121	–	PDF p. 87 Label p. 87
Expiry of employees share optionsSingapore dollars thousands	–	–	–	725	(725)	–	PDF p. 87 Label p. 87
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(4,505)	–	–	(3,901)	(604)	–	PDF p. 87 Label p. 87
Others
Transfer to statutory reserve fundSingapore dollars thousands	–	–	–	(481)	481	–	PDF p. 87 Label p. 87
At 31 December 2024Singapore dollars thousands	176,175	98,021	(8,855)	88,993	(2,656)	672	PDF p. 87

Definitions & sources

Original report: PDF p. 87 ↗

Company equity movements — FY2025 source — ending2025

11 metrics

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Company equity movements — FY2025 source — ending2025 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Company — Equity total	2025Company — Share capital	2025Company — Treasury shares	2025Company — Retained earnings	2025Company — Other reserves	Source
Company equity movements — FY2025 source
At 1 January 2025Singapore dollars thousands	102,982	98,021	(8,855)	14,732	(916)	PDF p. 88
Profit for the yearSingapore dollars thousands	7,693	–	–	7,693	–	PDF p. 88
the year, net of tax
Fair value gain on financial assets measured at FVOCISingapore dollars thousands	180	–	–	–	180	PDF p. 88 Label p. 88
Total comprehensive income for the yearSingapore dollars thousands	7,873	–	–	7,693	180	PDF p. 88 Label p. 88
to owners
Dividends on ordinary sharesSingapore dollars thousands	(4,604)	–	–	(4,604)	–	PDF p. 88
Share-based paymentsSingapore dollars thousands	214	–	–	–	214	PDF p. 88
Treasury shares issued pursuant to employees share option planSingapore dollars thousands	1,715	–	1,953	–	(238)	PDF p. 88 Label p. 88
Expiry of employees share optionsSingapore dollars thousands	–	–	–	56	(56)	PDF p. 88
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(2,675)	–	1,953	(4,548)	(80)	PDF p. 88 Label p. 88
Others
Purchase of treasury sharesSingapore dollars thousands	(563)	–	(563)	–	–	PDF p. 88
At 31 December 2025Singapore dollars thousands	107,617	98,021	(7,465)	17,877	(816)	PDF p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Company equity movements — FY2025 source — ending2024

9 metrics

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Company equity movements — FY2025 source — ending2024 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2024Company — Equity total	2024Company — Share capital	2024Company — Treasury shares	2024Company — Retained earnings	2024Company — Other reserves	Source
Company equity movements — FY2025 source
At 1 January 2024Singapore dollars thousands	99,128	98,021	(8,855)	10,599	(637)	PDF p. 89
Profit for the yearSingapore dollars thousands	8,034	–	–	8,034	–	PDF p. 89
the year, net of tax
Fair value gain on financial assets measured at FVOCISingapore dollars thousands	325	–	–	–	325	PDF p. 89 Label p. 89
Total comprehensive income for the yearSingapore dollars thousands	8,359	–	–	8,034	325	PDF p. 89 Label p. 89
to owners
Dividends on ordinary sharesSingapore dollars thousands	(4,626)	–	–	(4,626)	–	PDF p. 89
Grant of equity-settled share options to employeesSingapore dollars thousands	121	–	–	–	121	PDF p. 89 Label p. 89
Expiry of employees share optionsSingapore dollars thousands	–	–	–	725	(725)	PDF p. 89
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(4,505)	–	–	(3,901)	(604)	PDF p. 89 Label p. 89
At 31 December 2024Singapore dollars thousands	102,982	98,021	(8,855)	14,732	(916)	PDF p. 89

Definitions & sources

Original report: PDF p. 89 ↗

Consolidated cash flows — FY2025 source

35 metrics

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Consolidated cash flows — FY2025 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Group	2024Group	Source
Operating activities
Profit before taxSingapore dollars thousands	2,626	7,322	PDF p. 90
Adjustments for:
Depreciation of property, plant and equipmentSingapore dollars thousands	6,121	5,709	PDF p. 90
Amortisation of intangible assetsSingapore dollars thousands	367	221	PDF p. 90
Depreciation of right-of-use assetsSingapore dollars thousands	5,431	6,140	PDF p. 90
Net loss/(gain) on disposal of property, plant and equipmentSingapore dollars thousands	4	(192)	PDF p. 90
Gain on termination of leaseSingapore dollars thousands	(142)	–	PDF p. 90
Loss on disposal of a subsidiarySingapore dollars thousands	270	–	PDF p. 90
Share-based paymentsSingapore dollars thousands	214	121	PDF p. 90
Net fair value gain on investment securitiesSingapore dollars thousands	(1,918)	(1,595)	PDF p. 90
Net (gain)/loss on disposal of other investmentsSingapore dollars thousands	(182)	24	PDF p. 90
Net fair value loss/(gain) on investment propertiesSingapore dollars thousands	385	(226)	PDF p. 90
Allowance for expected credit losses on financial assets at amortised costSingapore dollars thousands	80	368	PDF p. 90 Label p. 90
Impairment loss on contract assetsSingapore dollars thousands	157	–	PDF p. 90
Share of results of joint ventureSingapore dollars thousands	–	806	PDF p. 90
Net reversal of provisionsSingapore dollars thousands	(12)	(4)	PDF p. 90
Interest expenseSingapore dollars thousands	1,264	2,064	PDF p. 90
Interest incomeSingapore dollars thousands	(1,139)	(2,137)	PDF p. 90
Dividend income from other investmentsSingapore dollars thousands	(383)	(365)	PDF p. 90
Net allowance for inventory obsolescenceSingapore dollars thousands	292	1,315	PDF p. 90
Net impairment loss on capitalised contract costsSingapore dollars thousands	25	1,554	PDF p. 90
Impairment loss on property, plant and equipmentSingapore dollars thousands	–	505	PDF p. 90
Impairment loss on right-of-use assetsSingapore dollars thousands	–	644	PDF p. 90
Exchange differencesSingapore dollars thousands	(1,141)	570	PDF p. 90
Operating cash flows before changes in working capital, net of effect from disposal of a subsidiarySingapore dollars thousands	12,319	22,844	PDF p. 90 Label p. 90
Changes in working capital:
Increase in trade and other receivables and contract assetsSingapore dollars thousands	(5,391)	(2,984)	PDF p. 90
(Increase)/decrease in inventoriesSingapore dollars thousands	(2,335)	1,890	PDF p. 90
Decrease in prepaymentsSingapore dollars thousands	80	716	PDF p. 90
Increase in trade and other payables and contract liabilitiesSingapore dollars thousands	6,363	661	PDF p. 90
Decrease in provisionSingapore dollars thousands	(4)	–	PDF p. 90
Cash flows from operationsSingapore dollars thousands	11,032	23,127	PDF p. 90
Interest paidSingapore dollars thousands	(1,264)	(2,064)	PDF p. 90
Interest receivedSingapore dollars thousands	1,177	1,471	PDF p. 90
Income taxes paidSingapore dollars thousands	(1,257)	(1,013)	PDF p. 90
Income taxes refundedSingapore dollars thousands	–	17	PDF p. 90
Net cash flows generated from operating activitiesSingapore dollars thousands	9,688	21,538	PDF p. 90

Definitions & sources

Original report: PDF p. 90 ↗

Consolidated cash flows — FY2025 source

21 metrics

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Consolidated cash flows — FY2025 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Group	2024Group	Source
Investing activities
Purchase of property, plant and equipmentSingapore dollars thousands	(10,257)	(10,516)	PDF p. 91
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands	107	127	PDF p. 91
Purchase of intangible assetsSingapore dollars thousands	(491)	(697)	PDF p. 91
Disposal of a subsidiary, net of cash disposedSingapore dollars thousands	294	–	PDF p. 91
Purchase of other investmentsSingapore dollars thousands	(4,590)	(4,470)	PDF p. 91
Proceeds from disposal of other investmentsSingapore dollars thousands	7,480	5,318	PDF p. 91
Dividend received from other investmentsSingapore dollars thousands	383	365	PDF p. 91
Decrease in bank balance under portfolio investment managementSingapore dollars thousands	371	695	PDF p. 91 Label p. 91
Net cash flows used in investing activitiesSingapore dollars thousands	(6,703)	(9,178)	PDF p. 91
Financing activities
Proceeds from bank loans and borrowingsSingapore dollars thousands	14,228	3,761	PDF p. 91
Repayment of bank loan and borrowingsSingapore dollars thousands	(8,266)	(5,666)	PDF p. 91
Purchase of treasury sharesSingapore dollars thousands	(563)	–	PDF p. 91
Proceeds from exercise of share optionsSingapore dollars thousands	1,715	–	PDF p. 91
Payment of principal portion of lease liabilitiesSingapore dollars thousands	(6,391)	(6,953)	PDF p. 91
Placement of pledged depositSingapore dollars thousands	(1,515)	–	PDF p. 91
Dividend paid on ordinary sharesSingapore dollars thousands	(4,604)	(4,626)	PDF p. 91
Net cash flows used in financing activitiesSingapore dollars thousands	(5,396)	(13,484)	PDF p. 91
Net decrease in cash and cash equivalentsSingapore dollars thousands	(2,411)	(1,124)	PDF p. 91
Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands	(1,148)	571	PDF p. 91
Cash and cash equivalents at 1 JanuarySingapore dollars thousands	48,163	48,716	PDF p. 91
Cash and cash equivalents at 31 DecemberSingapore dollars thousands	44,604	48,163	PDF p. 91

Definitions & sources

Original report: PDF p. 91 ↗

Financial Highlights

21 metrics

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Financial Highlights from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2022Financial highlights	2023Financial highlights	2024Financial highlights	2025Financial highlights	Source
For the year
TurnoverSingapore dollars thousands	186,755	205,560	238,035	209,914	PDF p. 21
Operating (loss)/profit*Singapore dollars thousands	(1,325)	4,479	2,253	(1,896)	PDF p. 21
Profit before taxSingapore dollars thousands	2,368	6,378	7,322	2,626	PDF p. 21
Profit after tax attributable to owners of the CompanySingapore dollars thousands	2,254	4,655	5,797	1,997	PDF p. 21
At year end
Shareholders equitySingapore dollars thousands	176,703	173,336	176,175	171,247	PDF p. 21
Property, Plant and equipments, investment properties and right-of use assetsSingapore dollars thousands	76,538	78,063	79,443	92,160	PDF p. 21
Cash and depositsSingapore dollars thousands	58,978	50,168	48,920	46,505	PDF p. 21
Less: Loans and borrowingsSingapore dollars thousands	–	6,960	4,976	9,709	PDF p. 21
Less: Lease liabilitiesSingapore dollars thousands	19,001	17,235	13,861	25,455	PDF p. 21
Net CashSingapore dollars thousands	39,977	25,973	30,083	11,341	PDF p. 21
Weighted average number of sharesthousands of shares	230,763	231,305	231,305	230,757	PDF p. 21
Number of shares at end of periodthousands of shares	231,305	231,305	231,305	233,279	PDF p. 21
Per share
Profit after tax attributable to owner of the CompanySingapore cents per share	1.0	2.0	2.5	0.9	PDF p. 21
Net assetsSingapore cents per share	76.4	74.9	76.2	73.4	PDF p. 21
Gross dividend (Cents)Singapore cents per share	2.0	2.0	2.0	2.0	PDF p. 21
Net cashSingapore cents per share	17.3	11.2	13.0	4.9	PDF p. 21
Ratios
Operating (loss)/profit (%)%	(0.7)	2.2	0.8	(0.9)	PDF p. 21
Profit before tax (%)%	1.3	3.1	3.1	1.3	PDF p. 21
Profit after tax (%)%	1.2	2.3	2.4	1.0	PDF p. 21
Net cash (%)%	22.6	15.0	17.1	6.6	PDF p. 21
Current Ratiotimes	2.74	2.36	2.34	2.14	PDF p. 21

Definitions & sources

Original report: PDF p. 21 ↗

Four printed FY2022–FY2025 periods are retained; no fifth summary column is invented. Six available financial years are separately captured from original primary statements.

Original definition: Operating profit is calculated as Gross profit less Selling and distribution expenses and Administrative expenses. The original FY2024 operating margin is0.8%, although2,253/238,035 rounds to0.9%; the printed margin is retained without replacement.

Monetary amounts: S$thousands; share counts: thousands; per-share data: Singapore cents per share; ratios: percent or times. Summary EPS rounds to one decimal, while primary EPS has two decimals. Gross dividend is separate from cash declared/paid and proposed Note36 amounts.

Financial highlights — original chart labels

3 metrics

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Financial highlights — original chart labels from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2022Group	2023Group	2024Group	2025Group	Source
Financial highlights — original chart labels
Group Revenue (S$’M)Singapore dollars millions	186.8	205.6	238.0	209.9	PDF p. 22
Gross Margin (%)%	14.6	16.0	15.3	13.6	PDF p. 22
Net Profit (S$’M)Singapore dollars millions	2.3	4.7	5.8	2.0	PDF p. 22

Definitions & sources

Original report: PDF p. 22 ↗

Original rounded chart labels; Net Profit corresponds to owner-attributable summary profit, not consolidated profit including NCI.

Revenue by Business Units — original chart

2 metrics

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Revenue by Business Units — original chart from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2022Group	2023Group	2024Group	2025Group	Source
Revenue by Business Units — original chart
Precision Mechanical Manufacturing%	82	84	83	85	PDF p. 22
Precision Intelligent Manufacturing%	18	16	17	15	PDF p. 22

Definitions & sources

Original report: PDF p. 22 ↗

Percentages are original business-unit shares of revenue; not profit margins.

Revenue by Sectors — original FY2022 doughnut

5 metrics

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Revenue by Sectors — original FY2022 doughnut from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2022Group revenue by sector	Source
Revenue by Sectors — original FY2022 doughnut
Office Automation%	34	PDF p. 22
Automotive%	41	PDF p. 22
TV/Display%	16	PDF p. 22
New Field%	5	PDF p. 22
Others%	4	PDF p. 22

Definitions & sources

Original report: PDF p. 22 ↗

Five labelled FY2022 slices are retained. No separately labelled FY2022 AI Server slice is printed; no zero is inferred. Original slice colours are mapped to the printed legend, verified on the original PDF image.

Revenue by Sectors — original FY2023–FY2025 doughnuts

6 metrics

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Revenue by Sectors — original FY2023–FY2025 doughnuts from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2023Group revenue by sector	2024Group revenue by sector	2025Group revenue by sector	Source
Revenue by Sectors — original FY2023–FY2025 doughnuts
Office Automation%	28	26	22	PDF p. 22
Automotive%	38	35	39	PDF p. 22
TV/Display%	14	16	13	PDF p. 22
AI Server%	10	15	21	PDF p. 22
New Field%	7	6	2	PDF p. 22
Others%	3	2	3	PDF p. 22

Definitions & sources

Original report: PDF p. 22 ↗

All six printed sector categories and percentage labels retained with original colour-legend bindings.

Illustrative share-purchase mandate — Market purchases

11 metrics

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Illustrative share-purchase mandate — Market purchases from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Illustration only — Group before share purchase — Market purchases	2025Illustration only — Group after share purchase — Market purchases	2025Illustration only — Company before share purchase — Market purchases	2025Illustration only — Company after share purchase — Market purchases	Source
Illustrative share-purchase mandate — Market purchases
Shareholders’ Funds (S$’000)Singapore dollars thousands	171,247	164,182	107,617	100,552	PDF p. 178
NTA (S$’000)(1)Singapore dollars thousands	169,816	162,751	107,617	100,552	PDF p. 178
Current Assets (S$’000)Singapore dollars thousands	182,277	175,212	45,033	37,968	PDF p. 178
Current Liabilities (S$’000)Singapore dollars thousands	85,093	85,093	630	630	PDF p. 178
Total Liabilities (S$’000)Singapore dollars thousands	107,714	107,714	932	932	PDF p. 178
Cash and Cash Equivalents (S$’000)Singapore dollars thousands	44,604	37,539	15,139	8,074	PDF p. 178
Number of Shares (’000)thousands of shares	233,279	223,327	233,279	223,327	PDF p. 178
NTA per Share (cents)Singapore cents per share	72.80	72.88	46.13	45.02	PDF p. 178
Earnings Per Share (“EPS”) (cents)(2)Singapore cents per share	0.87	0.89	3.30	3.44	PDF p. 178
Gearing (%)(3)%	20.53	21.42	0.01	0.01	PDF p. 178
Current Ratio (times)(4)times	2.14	2.06	71.48	60.27	PDF p. 178

Definitions & sources

Original report: PDF p. 178 ↗

2.6.6 For illustrative purposes only, on the basis of the assumptions set out above, and based on the audited financial statements of the Group for the reporting year ended 31 December 2025, and assuming that: (a) the Share Purchase Mandate had been effected on the Latest Practicable Date; and (b) the purchases or acquisitions of Shares are financed solely by internal resources, the financial effects of the purchase or acquisition of such Shares by the Company on the audited financial statements of the Group for the reporting year ended 31 December 2025 would have been as follows:

SHAREHOLDERS SHOULD NOTE THAT THE FINANCIAL EFFECTS SET OUT ABOVE ARE PURELY FOR ILLUSTRATIVE PURPOSES ONLY. ALTHOUGH THE SHARE PURCHASE MANDATE WOULD AUTHORISE THE COMPANY TO PURCHASE OR ACQUIRE UP TO 10% OF THE ISSUED SHARES, THE COMPANY MAY NOT NECESSARILY PURCHASE OR ACQUIRE OR BE ABLE TO PURCHASE OR ACQUIRE THE ENTIRE 10% OF THE ISSUED SHARES. IN PARTICULAR, THE MAXIMUM NUMBER OF SHARES THAT THE COMPANY MAY PURCHASE UNDER THE SHARE PURCHASE MANDATE IS LIMITED TO THE EXTENT THAT THE COMPANY WILL REMAIN SOLVENT. THE DIRECTORS DO NOT INTEND TO EXERCISE THE SHARE PURCHASE MANDATE UP TO THE MAXIMUM LIMIT IF SUCH EXERCISE WOULD MATERIALLY AND ADVERSELY AFFECT THE FINANCIAL POSITION OF THE GROUP. 2.7 For illustrative purposes, it has been assumed that the purchases or acquisitions of Shares are financed solely by internal resources and in the event that there is a shortfall, the purchases and acquisitions are to be financed by long-term borrowings. Where the purchase or acquisition of Shares is financed through external borrowings or financing, there would also be an increase in the gearing ratios of the Group and the Company and a decline in the current ratios of the Group and the Company, with the actual impact dependent on, inter alia, the number of Shares purchased or acquired and the prices at which the Shares are purchased or acquired. 2.8 Shareholders should note that the financial effects set out above are for illustration purposes only (based on the aforementioned assumptions). The actual impact will depend on, inter alia, the number and price of the Shares purchased or acquired (if any). In particular, Shareholders should note that the above analysis is based on the audited financial statements of the Group for the reporting year ended 31 December 2025 and is not necessarily representative of future financial performance. INNOTEK LIMITED • 2025 ANNUAL REPORT

Illustrative share-purchase mandate — Off-Market purchases

11 metrics

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Illustrative share-purchase mandate — Off-Market purchases from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Illustration only — Group before share purchase — Off-Market purchases	2025Illustration only — Group after share purchase — Off-Market purchases	2025Illustration only — Company before share purchase — Off-Market purchases	2025Illustration only — Company after share purchase — Off-Market purchases	Source
Illustrative share-purchase mandate — Off-Market purchases
Shareholders’ Funds (S$’000)Singapore dollars thousands	171,247	163,485	107,617	99,855	PDF p. 179
NTA (S$’000)(1)Singapore dollars thousands	169,816	162,054	107,617	99,855	PDF p. 179
Current Assets (S$’000)Singapore dollars thousands	182,277	174,515	45,033	37,271	PDF p. 179
Current Liabilities (S$’000)Singapore dollars thousands	85,093	85,093	630	630	PDF p. 179
Total Liabilities (S$’000)Singapore dollars thousands	107,714	107,714	932	932	PDF p. 179
Cash and Cash Equivalents (S$’000)Singapore dollars thousands	44,604	36,842	15,139	7,377	PDF p. 179
Number of Shares (’000)thousands of shares	233,279	223,327	233,279	223,327	PDF p. 179
NTA per Share (cents)Singapore cents per share	72.80	72.56	46.13	44.71	PDF p. 179
EPS (cents)(2)Singapore cents per share	0.87	0.89	3.30	3.44	PDF p. 179
Gearing (%)(3)%	20.53	21.51	0.01	0.01	PDF p. 179
Current Ratio (times)(4)times	2.14	2.05	71.48	59.16	PDF p. 179

Definitions & sources

Original report: PDF p. 179 ↗

Notes: (1) NTA equals total equity less intangible assets and minority interests. (2) EPS is computed based on FY2025 net profit attributable to ordinary shareholders of the Company divided by the number of shares. (3) Gearing equals total borrowings divided by shareholders’ funds. (4) Current ratio equals current assets divided by current liabilities. SHAREHOLDERS SHOULD NOTE THAT THE FINANCIAL EFFECTS SET OUT ABOVE ARE PURELY FOR ILLUSTRATIVE PURPOSES ONLY. ALTHOUGH THE SHARE PURCHASE MANDATE WOULD AUTHORISE THE COMPANY TO PURCHASE OR ACQUIRE UP TO 10% OF THE ISSUED SHARES, THE COMPANY MAY NOT NECESSARILY PURCHASE OR ACQUIRE OR BE ABLE TO PURCHASE OR ACQUIRE THE ENTIRE 10% OF THE ISSUED SHARES. IN PARTICULAR, THE MAXIMUM NUMBER OF SHARES THAT THE COMPANY MAY PURCHASE UNDER THE SHARE PURCHASE MANDATE IS LIMITED TO THE EXTENT THAT THE COMPANY WILL REMAIN SOLVENT. THE DIRECTORS DO NOT INTEND TO EXERCISE THE SHARE PURCHASE MANDATE UP TO THE MAXIMUM LIMIT IF SUCH EXERCISE WOULD MATERIALLY AND ADVERSELY AFFECT THE FINANCIAL POSITION OF THE GROUP. 2.7 For illustrative purposes, it has been assumed that the purchases or acquisitions of Shares are financed solely by internal resources and in the event that there is a shortfall, the purchases and acquisitions are to be financed by long-term borrowings. Where the purchase or acquisition of Shares is financed through external borrowings or financing, there would also be an increase in the gearing ratios of the Group and the Company and a decline in the current ratios of the Group and the Company, with the actual impact dependent on, inter alia, the number of Shares purchased or acquired and the prices at which the Shares are purchased or acquired. 2.8 Shareholders should note that the financial effects set out above are for illustration purposes only (based on the aforementioned assumptions). The actual impact will depend on, inter alia, the number and price of the Shares purchased or acquired (if any). In particular, Shareholders should note that the above analysis is based on the audited financial statements of the Group for the reporting year ended 31 December 2025 and is not necessarily representative of future financial performance. INNOTEK LIMITED • 2025 ANNUAL REPORT

Dividends

2 metrics

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Dividends from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Group and Company	2024Group and Company	Source
Declared and paid during the financial year — Dividends on ordinary shares
Final exempt (one-tier) dividend for 2024: $0.02 (2023: $0.02) per shareSingapore dollars thousands	4,604	4,626	PDF p. 165
Proposed but not recognised as a liability as at 31 December — Dividends on ordinary shares, subject to shareholders’ approval at the Annual General Meeting
Final exempt (one-tier) dividend for 2025: $0.02 (2024: $0.02) per shareSingapore dollars thousands	4,666	4,604	PDF p. 165

Definitions & sources

Original report: PDF p. 165 ↗

Paid/declared final dividend forFY2024(comparativeFY2023) is2cents per share. Proposed finalFY2025(comparativeFY2024) is also2cents, but cash amounts4,666/4,604thousand dollars differ from paid4,604/4,626. The proposal is not recognised as a liability and is subject to AGM approval.

Group EPS calculation inputs — Note12

4 metrics

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Group EPS calculation inputs — Note12 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2025Group	2024Group	Source
Original Note12 EPS calculation inputs
Profit for the year attributable to owners of the Company used inSingapore dollars thousands	1,997	5,797	PDF p. 121
Weighted average number of ordinary shares for basic earningsthousands of ordinary shares	230,757	231,305	PDF p. 121
– Share optionsthousands of ordinary shares	–	–	PDF p. 121
Weighted average number of ordinary shares for diluted earningsthousands of ordinary shares	230,757	231,305	PDF p. 121

Definitions & sources

Original report: PDF p. 121 ↗

Both basic and diluted denominators include weighted effects of treasury-share changes. The original2,600,000(comparative6,700,000) employee share options are excluded as anti-dilutive; the source dilution row prints dashes, not invented quantities. Monetary numerator and share-count denominators retain different units.

Group / Company balance sheets — FY2023 source

41 metrics

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Group / Company balance sheets — FY2023 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2023Group	2022Group	2023Company	2022Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	35,729	31,125	–	–	PDF p. 51
Right-of-use assetsSingapore dollars thousands	15,805	18,554	11	54	PDF p. 51
Investment propertiesSingapore dollars thousands	26,529	26,859	–	–	PDF p. 51
Intangible assetsSingapore dollars thousands	366	473	–	–	PDF p. 51
Investment in subsidiarySingapore dollars thousands	–	–	47,061	47,061	PDF p. 51
Loan to a subsidiarySingapore dollars thousands	–	–	10,000	10,000	PDF p. 51
Investment in joint ventureSingapore dollars thousands	823	1,146	–	–	PDF p. 51
Deferred tax assetsSingapore dollars thousands	1,640	1,726	–	–	PDF p. 51
Other receivablesSingapore dollars thousands	1,485	1,224	–	–	PDF p. 51
SubtotalSingapore dollars thousands	82,377	81,107	57,072	57,115	PDF p. 51
Current assets
InventoriesSingapore dollars thousands	37,639	41,771	–	–	PDF p. 51
Trade and other receivablesSingapore dollars thousands	64,681	54,258	7,260	3,176	PDF p. 51
Income tax recoverableSingapore dollars thousands	44	283	–	–	PDF p. 51
Contract assetsSingapore dollars thousands	4,539	616	–	–	PDF p. 51
PrepaymentsSingapore dollars thousands	4,520	2,888	38	42	PDF p. 51
Other investmentsSingapore dollars thousands	20,117	18,482	20,117	18,482	PDF p. 51
Cash and short-term depositsSingapore dollars thousands	50,168	58,978	15,357	19,061	PDF p. 51
SubtotalSingapore dollars thousands	181,708	177,276	42,772	40,761	PDF p. 51
Total assetsSingapore dollars thousands	264,085	258,383	99,844	97,876	PDF p. 51
Current liabilities
ProvisionsSingapore dollars thousands	5	5	–	–	PDF p. 51
Income tax payableSingapore dollars thousands	3,604	2,080	73	55	PDF p. 51
Trade and other payablesSingapore dollars thousands	56,246	54,418	505	499	PDF p. 51
Contract liabilitiesSingapore dollars thousands	4,257	3,519	–	–	PDF p. 51
Loans and borrowingsSingapore dollars thousands	6,960	–	–	–	PDF p. 51
Lease liabilitiesSingapore dollars thousands	6,084	4,738	11	45	PDF p. 51
SubtotalSingapore dollars thousands	77,156	64,760	589	599	PDF p. 51
Net current assetsSingapore dollars thousands	104,552	112,516	42,183	40,162	PDF p. 51
Non-current liabilities
ProvisionsSingapore dollars thousands	386	437	–	–	PDF p. 51
Deferred tax liabilitiesSingapore dollars thousands	2,056	2,220	127	45	PDF p. 51
Lease liabilitiesSingapore dollars thousands	11,151	14,263	–	10	PDF p. 51
SubtotalSingapore dollars thousands	13,593	16,920	127	55	PDF p. 51
Total liabilitiesSingapore dollars thousands	90,749	81,680	716	654	PDF p. 51
Net assets the CompanySingapore dollars thousands	173,336	176,703	99,128	97,222	PDF p. 51 Label p. 51
Equity attributable to owners of
Share capitalSingapore dollars thousands	98,021	98,021	98,021	98,021	PDF p. 51
Treasury sharesSingapore dollars thousands	(8,855)	(8,855)	(8,855)	(8,855)	PDF p. 51
Retained earningsSingapore dollars thousands	87,578	88,146	10,599	9,177	PDF p. 51
Other reservesSingapore dollars thousands	(4,399)	(609)	(637)	(1,121)	PDF p. 51
SubtotalSingapore dollars thousands	172,345	176,703	99,128	97,222	PDF p. 51
Non-controlling interestsSingapore dollars thousands	991	–	–	–	PDF p. 51
SubtotalSingapore dollars thousands	173,336	176,703	99,128	97,222	PDF p. 51
Total liabilities and equitySingapore dollars thousands	264,085	258,383	99,844	97,876	PDF p. 51

Definitions & sources

Original report: PDF p. 51 ↗

Consolidated income statement — FY2023 source

16 metrics

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Consolidated income statement — FY2023 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2023Group	2022Group	Source
Consolidated income statement — FY2023 source
RevenueSingapore dollars thousands	205,560	186,755	PDF p. 49
Cost of salesSingapore dollars thousands	(172,603)	(159,565)	PDF p. 49
Gross profitSingapore dollars thousands	32,957	27,190	PDF p. 49
Other items of income
Interest incomeSingapore dollars thousands	1,213	952	PDF p. 49
Other incomeSingapore dollars thousands	4,858	5,343	PDF p. 49
Other items of expense
Selling and distributionSingapore dollars thousands	(3,721)	(3,686)	PDF p. 49
Administrative expensesSingapore dollars thousands	(24,757)	(24,829)	PDF p. 49
Finance costsSingapore dollars thousands	(2,200)	(2,236)	PDF p. 49
Other expensesSingapore dollars thousands	(1,689)	(151)	PDF p. 49
Share of results of joint ventureSingapore dollars thousands	(283)	(215)	PDF p. 49
Profit before taxSingapore dollars thousands	6,378	2,368	PDF p. 49
Income tax expenseSingapore dollars thousands	(2,020)	(114)	PDF p. 49
Profit, net of taxSingapore dollars thousands	4,358	2,254	PDF p. 49
Profit/(loss) attributable to:
– Owners of the CompanySingapore dollars thousands	4,655	2,254	PDF p. 49
– Non-controlling interestsSingapore dollars thousands	(297)	–	PDF p. 49
SubtotalSingapore dollars thousands	4,358	2,254	PDF p. 49

Definitions & sources

Original report: PDF p. 49 ↗

Basic / diluted EPS — FY2023 source

2 metrics

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Basic / diluted EPS — FY2023 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2023Group	2022Group	Source
(cents per share)
BasicSingapore cents per share	2.01	0.98	PDF p. 49
DilutedSingapore cents per share	2.01	0.98	PDF p. 49

Definitions & sources

Original report: PDF p. 49 ↗

Consolidated comprehensive income — FY2023 source

8 metrics

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Consolidated comprehensive income — FY2023 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2023Group	2022Group	Source
Consolidated comprehensive income — FY2023 source
Profit, net of taxSingapore dollars thousands	4,358	2,254	PDF p. 50
Items that may be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands	(4,871)	(11,588)	PDF p. 50
Fair value gain/(loss) on financial assets measured at fair value through other comprehensive income (“FVOCI”)Singapore dollars thousands	484	(737)	PDF p. 50 Label p. 50
Other comprehensive income for the year, net of taxSingapore dollars thousands	(4,387)	(12,325)	PDF p. 50
Total comprehensive income for the yearSingapore dollars thousands	(29)	(10,071)	PDF p. 50
Total comprehensive income attributable to:
– Owners of the CompanySingapore dollars thousands	268	(10,071)	PDF p. 50
– Non-controlling interestsSingapore dollars thousands	(297)	–	PDF p. 50
SubtotalSingapore dollars thousands	(29)	(10,071)	PDF p. 50

Definitions & sources

Original report: PDF p. 50 ↗

Group equity movements — FY2023 source — ending2023

10 metrics

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Group equity movements — FY2023 source — ending2023 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2023Group — Equity total	2023Group — Share capital	2023Group — Treasury shares	2023Group — Retained earnings	2023Group — Other reserves	2023Group — Non-controlling interests	Source
Group equity movements — FY2023 source
At 1 January 2023Singapore dollars thousands	176,703	98,021	(8,855)	88,146	(609)	–	PDF p. 52
Profit for the yearSingapore dollars thousands	4,358	–	–	4,655	–	(297)	PDF p. 52
Other comprehensive income for the year, net of tax Foreign currency translationSingapore dollars thousands	(4,871)	–	–	–	(4,871)	–	PDF p. 52 Label p. 52
Fair value gain on financial assets measured at FVOCISingapore dollars thousands	484	–	–	–	484	–	PDF p. 52 Label p. 52
Total comprehensive income for the yearSingapore dollars thousands	(29)	–	–	4,655	(4,387)	(297)	PDF p. 52 Label p. 52
distributions to owners
Dividends on ordinary sharesSingapore dollars thousands	(4,626)	–	–	(4,626)	–	–	PDF p. 52
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(4,626)	–	–	(4,626)	–	–	PDF p. 52 Label p. 52
Others
Non-controlling interests arising from acquisition of new subsidiary, which does not constitute a business combinationSingapore dollars thousands	1,288	–	–	–	–	1,288	PDF p. 52 Label p. 52
Transfer to statutory reserve fundSingapore dollars thousands	–	–	–	(597)	597	–	PDF p. 52 Label p. 52
At 31 December 2023Singapore dollars thousands	173,336	98,021	(8,855)	87,578	(4,399)	991	PDF p. 52

Definitions & sources

Original report: PDF p. 52 ↗

Group equity movements — FY2023 source — ending2022

11 metrics

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Group equity movements — FY2023 source — ending2022 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2022Group — Equity total	2022Group — Share capital	2022Group — Treasury shares	2022Group — Retained earnings	2022Group — Other reserves	Source
Group equity movements — FY2023 source
At 1 January 2022Singapore dollars thousands	189,843	98,021	(10,586)	90,558	11,850	PDF p. 53
Profit for the yearSingapore dollars thousands	2,254	–	–	2,254	–	PDF p. 53
the year, net of tax
Foreign currency translationSingapore dollars thousands	(11,588)	–	–	–	(11,588)	PDF p. 53
Fair value loss on financial assets measured at FVOCISingapore dollars thousands	(737)	–	–	–	(737)	PDF p. 53 Label p. 53
Total comprehensive income for the yearSingapore dollars thousands	(10,071)	–	–	2,254	(12,325)	PDF p. 53 Label p. 53
to owners
Grant of equity-settled share options to employeesSingapore dollars thousands	507	–	–	–	507	PDF p. 53 Label p. 53
Treasury shares issued pursuant to employee share option planSingapore dollars thousands	1,050	–	1,731	–	(681)	PDF p. 53 Label p. 53
Dividends on ordinary sharesSingapore dollars thousands	(4,626)	–	–	(4,626)	–	PDF p. 53
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(3,069)	–	1,731	(4,626)	(174)	PDF p. 53 Label p. 53
Others
Transfer to statutory reserve fundSingapore dollars thousands	–	–	–	(40)	40	PDF p. 53
At 31 December 2022Singapore dollars thousands	176,703	98,021	(8,855)	88,146	(609)	PDF p. 53

Definitions & sources

Original report: PDF p. 53 ↗

Company equity movements — FY2023 source — ending2022

9 metrics

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Company equity movements — FY2023 source — ending2022 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2022Company — Equity total	2022Company — Share capital	2022Company — Treasury shares	2022Company — Retained earnings	2022Company — Other reserves	Source
Company equity movements — FY2023 source
At 1 January 2022Singapore dollars thousands	94,800	98,021	(10,586)	7,575	(210)	PDF p. 54
Profit for the yearSingapore dollars thousands	6,228	–	–	6,228	–	PDF p. 54
the year, net of tax
Fair value loss on financial assets measured at FVOCISingapore dollars thousands	(737)	–	–	–	(737)	PDF p. 54 Label p. 54
Total comprehensive income for the yearSingapore dollars thousands	5,491	–	–	6,228	(737)	PDF p. 54 Label p. 54
to owners
Grant of equity-settled share options to employeesSingapore dollars thousands	507	–	–	–	507	PDF p. 54 Label p. 54
Treasury shares reissued pursuant to employee share option planSingapore dollars thousands	1,050	–	1,731	–	(681)	PDF p. 54 Label p. 54
Dividends on ordinary sharesSingapore dollars thousands	(4,626)	–	–	(4,626)	–	PDF p. 54
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(3,069)	–	1,731	(4,626)	(174)	PDF p. 54 Label p. 54
At 31 December 2022 and 1 January 2023Singapore dollars thousands	97,222	98,021	(8,855)	9,177	(1,121)	PDF p. 54 Label p. 54

Definitions & sources

Original report: PDF p. 54 ↗

Company equity movements — FY2023 source — ending2023

7 metrics

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Company equity movements — FY2023 source — ending2023 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2023Company — Equity total	2023Company — Share capital	2023Company — Treasury shares	2023Company — Retained earnings	2023Company — Other reserves	Source
Original shared prior closing / current opening balance
At 31 December 2022 and 1 January 2023Singapore dollars thousands	97,222	98,021	(8,855)	9,177	(1,121)	PDF p. 54 Label p. 54
to owners
Profit for the yearSingapore dollars thousands	6,048	–	–	6,048	–	PDF p. 54
the year, net of tax
Fair value gain on financial assets measured at FVOCISingapore dollars thousands	484	–	–	–	484	PDF p. 54 Label p. 54
Total comprehensive income for the yearSingapore dollars thousands	6,532	–	–	6,048	484	PDF p. 54 Label p. 54
to owners
Dividends on ordinary sharesSingapore dollars thousands	(4,626)	–	–	(4,626)	–	PDF p. 54
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(4,626)	–	–	(4,626)	–	PDF p. 54 Label p. 54
At 31 December 2023Singapore dollars thousands	99,128	98,021	(8,855)	10,599	(637)	PDF p. 54

Definitions & sources

Original report: PDF p. 54 ↗

Consolidated cash flows — FY2023 source

34 metrics

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Consolidated cash flows — FY2023 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2023Group	2022Group	Source
Operating activities
Profit before taxSingapore dollars thousands	6,378	2,368	PDF p. 55
Adjustments for:
Depreciation of property, plant and equipmentSingapore dollars thousands	5,126	5,438	PDF p. 55
Amortisation of intangible assetsSingapore dollars thousands	167	202	PDF p. 55
Depreciation of right-of-use assetsSingapore dollars thousands	5,804	5,433	PDF p. 55
Net loss/(gain) on disposal of property, plant and equipmentSingapore dollars thousands	14	(23)	PDF p. 55
Gain on termination of leaseSingapore dollars thousands	–	(2)	PDF p. 55
Share-based paymentsSingapore dollars thousands	–	507	PDF p. 55
Net fair value gain on investment securitiesSingapore dollars thousands	(71)	(58)	PDF p. 55
Net loss on disposal of other investmentsSingapore dollars thousands	195	36	PDF p. 55
Net fair value gain on investment propertiesSingapore dollars thousands	(637)	(493)	PDF p. 55
Allowance for expected credit losses on financial assets at amortised costSingapore dollars thousands	63	37	PDF p. 55 Label p. 55
Allowance for expected credit losses on debt securities measured at fair value through other comprehensive incomeSingapore dollars thousands	–	78	PDF p. 55 Label p. 55
Share of results of joint ventureSingapore dollars thousands	283	215	PDF p. 55
Net reversal of provisionsSingapore dollars thousands	(24)	(10)	PDF p. 55
Interest expenseSingapore dollars thousands	2,200	2,236	PDF p. 55
Interest incomeSingapore dollars thousands	(1,213)	(952)	PDF p. 55
Dividend income from other investmentsSingapore dollars thousands	(312)	(308)	PDF p. 55
Net allowance for inventory obsolescenceSingapore dollars thousands	100	321	PDF p. 55
Net impairment loss on capitalised contract costsSingapore dollars thousands	123	–	PDF p. 55
Impairment loss on property, plant and equipmentSingapore dollars thousands	482	–	PDF p. 55
Impairment loss on right-of-use assetsSingapore dollars thousands	935	–	PDF p. 55
Exchange differencesSingapore dollars thousands	(1,614)	(4,174)	PDF p. 55
Operating cash flows before changes in working capitalSingapore dollars thousands	17,999	10,851	PDF p. 55
Changes in working capital:
Increase in trade and other receivables and contract assetsSingapore dollars thousands	(15,195)	(7,087)	PDF p. 55
Decrease/(increase) in inventoriesSingapore dollars thousands	3,931	(6,338)	PDF p. 55
Increase in prepaymentsSingapore dollars thousands	(241)	(155)	PDF p. 55
Increase in trade and other payables and contract liabilitiesSingapore dollars thousands	2,549	9,625	PDF p. 55
Decrease in provisionSingapore dollars thousands	(12)	–	PDF p. 55
Cash flows from operationsSingapore dollars thousands	9,031	6,896	PDF p. 55
Interest paidSingapore dollars thousands	(2,164)	(2,236)	PDF p. 55
Interest receivedSingapore dollars thousands	1,197	982	PDF p. 55
Income taxes paidSingapore dollars thousands	(417)	(66)	PDF p. 55
Income taxes refundedSingapore dollars thousands	190	–	PDF p. 55
Net cash flows generated from operating activitiesSingapore dollars thousands	7,837	5,576	PDF p. 55

Definitions & sources

Original report: PDF p. 55 ↗

Consolidated cash flows — FY2023 source

21 metrics

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Consolidated cash flows — FY2023 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2023Group	2022Group	Source
Investing activities
Purchase of property, plant and equipmentSingapore dollars thousands	(11,684)	(6,414)	PDF p. 56
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands	37	106	PDF p. 56
Deposit paid for property, plant and equipmentSingapore dollars thousands	(1,391)	(436)	PDF p. 56
Purchase of intangible assetsSingapore dollars thousands	(45)	(136)	PDF p. 56
Purchase of other investmentsSingapore dollars thousands	(7,243)	(5,496)	PDF p. 56
Proceeds from disposal of other investmentsSingapore dollars thousands	5,978	6,492	PDF p. 56
Dividend received from other investmentsSingapore dollars thousands	312	304	PDF p. 56
Decrease/(increase) in bank balance under portfolio investment managementSingapore dollars thousands	720	(1,528)	PDF p. 56 Label p. 56
Net cash flows used in investing activitiesSingapore dollars thousands	(13,316)	(7,108)	PDF p. 56
Financing activities
Proceeds from exercise of share optionsSingapore dollars thousands	–	1,050	PDF p. 56
Proceeds from bank loansSingapore dollars thousands	5,791	–	PDF p. 56
Proceeds from loan from non-controlling interestsSingapore dollars thousands	1,204	–	PDF p. 56
Repayment of bank loanSingapore dollars thousands	–	(1,115)	PDF p. 56
Payment of principal portion of lease liabilitiesSingapore dollars thousands	(5,134)	(4,502)	PDF p. 56
Dividend paid on ordinary sharesSingapore dollars thousands	(4,626)	(4,626)	PDF p. 56
Capital contribution from non-controlling interestsSingapore dollars thousands	1,288	–	PDF p. 56
Net cash flows used in financing activitiesSingapore dollars thousands	(1,477)	(9,193)	PDF p. 56
Net decrease in cash and cash equivalentsSingapore dollars thousands	(6,956)	(10,725)	PDF p. 56
Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands	(1,134)	(2,231)	PDF p. 56
Cash and cash equivalents at 1 JanuarySingapore dollars thousands	56,806	69,762	PDF p. 56
Cash and cash equivalents at 31 DecemberSingapore dollars thousands	48,716	56,806	PDF p. 56

Definitions & sources

Original report: PDF p. 56 ↗

Group / Company balance sheets — FY2021 source

26 metrics

Units appear below each metric. Scroll to compare years

Group / Company balance sheets — FY2021 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2021Group	2020Group	2021Company	2020Company	Source
Non-current assets
Property, plant and equipmentSingapore dollars thousands	33,130	31,413	–	4	PDF p. 55
Right-of-use assetsSingapore dollars thousands	22,947	22,855	98	10	PDF p. 55
Investment propertiesSingapore dollars thousands	28,976	27,064	–	–	PDF p. 55
Intangible assetsSingapore dollars thousands	488	318	–	–	PDF p. 55
Investment in subsidiarySingapore dollars thousands	–	–	47,061	47,061	PDF p. 55
Investment in joint ventureSingapore dollars thousands	1,521	1,645	–	–	PDF p. 55
Deferred tax assetsSingapore dollars thousands	1,690	937	–	–	PDF p. 55
Other receivablesSingapore dollars thousands	1,615	977	–	–	PDF p. 55
SubtotalSingapore dollars thousands	90,367	85,209	47,159	47,075	PDF p. 55
Current assets
InventoriesSingapore dollars thousands	35,709	22,766	–	–	PDF p. 55
Trade and other receivablesSingapore dollars thousands	46,863	61,774	69	4,861	PDF p. 55
Income tax recoverableSingapore dollars thousands	295	–	–	–	PDF p. 55
Contract assetsSingapore dollars thousands	806	1,653	–	–	PDF p. 55
PrepaymentsSingapore dollars thousands	2,297	2,559	43	40	PDF p. 55
Other investmentsSingapore dollars thousands	20,297	18,530	20,297	18,509	PDF p. 55
Cash and short-term depositsSingapore dollars thousands	70,406	73,274	27,911	22,344	PDF p. 55
SubtotalSingapore dollars thousands	176,673	180,556	48,320	45,754	PDF p. 55
Total assetsSingapore dollars thousands	267,040	265,765	95,479	92,829	PDF p. 55
Current liabilities
ProvisionsSingapore dollars thousands	5	7	–	–	PDF p. 55
Income tax payableSingapore dollars thousands	2,163	6,019	40	30	PDF p. 55
Trade and other payablesSingapore dollars thousands	46,561	52,393	495	473	PDF p. 55
Contract liabilitiesSingapore dollars thousands	1,751	2,747	–	–	PDF p. 55
Loans and borrowingsSingapore dollars thousands	404	441	–	–	PDF p. 55
Lease liabilitiesSingapore dollars thousands	4,620	3,967	55	10	PDF p. 55
SubtotalSingapore dollars thousands	55,504	65,574	590	513	PDF p. 55
Net current assetsSingapore dollars thousands	121,169	114,982	47,730	45,241	PDF p. 55

Definitions & sources

Original report: PDF p. 55 ↗

Group / Company balance sheets — FY2021 source

13 metrics

Units appear below each metric. Scroll to compare years

Group / Company balance sheets — FY2021 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2021Group	2020Group	2021Company	2020Company	Source
Non-current liabilities
ProvisionsSingapore dollars thousands	491	472	–	–	PDF p. 56
Deferred tax liabilitiesSingapore dollars thousands	2,326	2,808	45	643	PDF p. 56
Loans and borrowingsSingapore dollars thousands	707	1,213	–	–	PDF p. 56
Lease liabilitiesSingapore dollars thousands	18,169	17,753	44	–	PDF p. 56
SubtotalSingapore dollars thousands	21,693	22,246	89	643	PDF p. 56
Total liabilitiesSingapore dollars thousands	77,197	87,820	679	1,156	PDF p. 56
Net assets the CompanySingapore dollars thousands	189,843	177,945	94,800	91,673	PDF p. 56 Label p. 56
Equity attributable to owners of
Share capitalSingapore dollars thousands	98,021	98,021	98,021	98,021	PDF p. 56
Treasury sharesSingapore dollars thousands	(10,586)	(11,739)	(10,586)	(11,739)	PDF p. 56
Retained earningsSingapore dollars thousands	90,558	84,226	7,575	4,768	PDF p. 56
Other reservesSingapore dollars thousands	11,850	7,437	(210)	623	PDF p. 56
Total equitySingapore dollars thousands	189,843	177,945	94,800	91,673	PDF p. 56
Total liabilities and equitySingapore dollars thousands	267,040	265,765	95,479	92,829	PDF p. 56

Definitions & sources

Original report: PDF p. 56 ↗

Consolidated income statement — FY2021 source

13 metrics

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Consolidated income statement — FY2021 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2021Group	2020Group	Source
Consolidated income statement — FY2021 source
RevenueSingapore dollars thousands	173,580	183,192	PDF p. 53
Cost of salesSingapore dollars thousands	(139,893)	(138,186)	PDF p. 53
Gross profitSingapore dollars thousands	33,687	45,006	PDF p. 53
Other items of income
Interest incomeSingapore dollars thousands	1,090	1,260	PDF p. 53
Other incomeSingapore dollars thousands	4,860	5,437	PDF p. 53
Other items of expense
Selling and distributionSingapore dollars thousands	(3,823)	(3,876)	PDF p. 53
Administrative expensesSingapore dollars thousands	(23,478)	(22,515)	PDF p. 53
Finance costsSingapore dollars thousands	(2,222)	(2,429)	PDF p. 53
Other expensesSingapore dollars thousands	(442)	(3,675)	PDF p. 53
Share of results of joint ventureSingapore dollars thousands	(198)	16	PDF p. 53
Profit before taxSingapore dollars thousands	9,474	19,224	PDF p. 53
Income tax credit/(expense)Singapore dollars thousands	2,035	(5,356)	PDF p. 53
Profit for the year attributable to owners of the CompanySingapore dollars thousands	11,509	13,868	PDF p. 53

Definitions & sources

Original report: PDF p. 53 ↗

Basic / diluted EPS — FY2021 source

2 metrics

Units appear below each metric. Scroll to compare years

Basic / diluted EPS — FY2021 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2021Group	2020Group	Source
(cents per share)
BasicSingapore cents per share	5.04	6.13	PDF p. 53
DilutedSingapore cents per share	4.96	6.08	PDF p. 53

Definitions & sources

Original report: PDF p. 53 ↗

Consolidated comprehensive income — FY2021 source

5 metrics

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Consolidated comprehensive income — FY2021 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2021Group	2020Group	Source
Consolidated comprehensive income — FY2021 source
Profit for the yearSingapore dollars thousands	11,509	13,868	PDF p. 54
Items that may be reclassified subsequently to profit or loss
Foreign currency translationSingapore dollars thousands	4,635	6,124	PDF p. 54
Fair value (loss)/gain on financial assets measured at fair value through other comprehensive income 29(f)Singapore dollars thousands	(101)	71	PDF p. 54 Label p. 54
Other comprehensive income for the year, net of taxSingapore dollars thousands	4,534	6,195	PDF p. 54
Total comprehensive income for the year attributable to
owners of the CompanySingapore dollars thousands	16,043	20,063	PDF p. 54

Definitions & sources

Original report: PDF p. 54 ↗

Group equity movements — FY2021 source — ending2021

11 metrics

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Group equity movements — FY2021 source — ending2021 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2021Group — Equity total	2021Group — Share capital	2021Group — Treasury shares	2021Group — Retained earnings	2021Group — Other reserves	Source
Group equity movements — FY2021 source
At 1 January 2021Singapore dollars thousands	177,945	98,021	(11,739)	84,226	7,437	PDF p. 57
Profit for the yearSingapore dollars thousands	11,509	–	–	11,509	–	PDF p. 57
the year, net of tax
Foreign currency translationSingapore dollars thousands	4,635	–	–	–	4,635	PDF p. 57
Fair value loss on financial assets measured at fair value through other comprehensive income (“FVOCI”)Singapore dollars thousands	(101)	–	–	–	(101)	PDF p. 57 Label p. 57
Total comprehensive income for the yearSingapore dollars thousands	16,043	–	–	11,509	4,534	PDF p. 57 Label p. 57
Contributions by and distributions to
owners Grant of equity-settled share options to employeesSingapore dollars thousands	51	–	–	–	51	PDF p. 57 Label p. 57
Treasury shares issued pursuant to employee share option planSingapore dollars thousands	370	–	1,153	–	(783)	PDF p. 57 Label p. 57
Dividends on ordinary sharesSingapore dollars thousands	(4,566)	–	–	(4,566)	–	PDF p. 57
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(4,145)	–	1,153	(4,566)	(732)	PDF p. 57 Label p. 57
Others
Transfer to statutory reserve fundSingapore dollars thousands	–	–	–	(611)	611	PDF p. 57
At 31 December 2021Singapore dollars thousands	189,843	98,021	(10,586)	90,558	11,850	PDF p. 57

Definitions & sources

Original report: PDF p. 57 ↗

Group equity movements — FY2021 source — ending2020

10 metrics

Units appear below each metric. Scroll to compare years

Group equity movements — FY2021 source — ending2020 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2020Group — Equity total	2020Group — Share capital	2020Group — Treasury shares	2020Group — Retained earnings	2020Group — Other reserves	Source
Group equity movements — FY2021 source
At 1 January 2020Singapore dollars thousands	160,912	98,021	(11,739)	74,822	(192)	PDF p. 58
Profit for the yearSingapore dollars thousands	13,868	–	–	13,868	–	PDF p. 58
the year, net of tax
Foreign currency translationSingapore dollars thousands	6,124	–	–	–	6,124	PDF p. 58
Fair value gain on financial assets measured at FVOCISingapore dollars thousands	71	–	–	–	71	PDF p. 58 Label p. 58
Total comprehensive income for the yearSingapore dollars thousands	20,063	–	–	13,868	6,195	PDF p. 58 Label p. 58
Contributions by and distributions to
owners Grant of equity-settled share options to employeesSingapore dollars thousands	365	–	–	–	365	PDF p. 58 Label p. 58
Dividends on ordinary sharesSingapore dollars thousands	(3,395)	–	–	(3,395)	–	PDF p. 58
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(3,030)	–	–	(3,395)	365	PDF p. 58 Label p. 58
Others
Transfer to statutory reserve fundSingapore dollars thousands	–	–	–	(1,069)	1,069	PDF p. 58
At 31 December 2020Singapore dollars thousands	177,945	98,021	(11,739)	84,226	7,437	PDF p. 58

Definitions & sources

Original report: PDF p. 58 ↗

Company equity movements — FY2021 source — ending2020

8 metrics

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Company equity movements — FY2021 source — ending2020 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2020Company — Equity total	2020Company — Share capital	2020Company — Treasury shares	2020Company — Retained earnings	2020Company — Other reserves	Source
Company equity movements — FY2021 source
At 1 January 2020Singapore dollars thousands	91,071	98,021	(11,739)	4,602	187	PDF p. 59
Profit for the yearSingapore dollars thousands	3,561	–	–	3,561	–	PDF p. 59
the year, net of tax
Fair value gain on financial assets measured at FVOCISingapore dollars thousands	71	–	–	–	71	PDF p. 59 Label p. 59
Total comprehensive income for the yearSingapore dollars thousands	3,632	–	–	3,561	71	PDF p. 59 Label p. 59
Contributions by and distributions to
owners Grant of equity-settled share options to employeesSingapore dollars thousands	365	–	–	–	365	PDF p. 59 Label p. 59
Dividends on ordinary sharesSingapore dollars thousands	(3,395)	–	–	(3,395)	–	PDF p. 59
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(3,030)	–	–	(3,395)	365	PDF p. 59 Label p. 59
At 31 December 2020 and 1 January 2021Singapore dollars thousands	91,673	98,021	(11,739)	4,768	623	PDF p. 59 Label p. 59

Definitions & sources

Original report: PDF p. 59 ↗

Company equity movements — FY2021 source — ending2021

9 metrics

Units appear below each metric. Scroll to compare years

Company equity movements — FY2021 source — ending2021 from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2021Company — Equity total	2021Company — Share capital	2021Company — Treasury shares	2021Company — Retained earnings	2021Company — Other reserves	Source
Original shared prior closing / current opening balance
At 31 December 2020 and 1 January 2021Singapore dollars thousands	91,673	98,021	(11,739)	4,768	623	PDF p. 59 Label p. 59
Contributions by and distributions to
Profit for the yearSingapore dollars thousands	7,373	–	–	7,373	–	PDF p. 59
the year, net of tax
Fair value loss on financial assets measured at FVOCISingapore dollars thousands	(101)	–	–	–	(101)	PDF p. 59 Label p. 59
Total comprehensive income for the yearSingapore dollars thousands	7,272	–	–	7,373	(101)	PDF p. 59 Label p. 59
Contributions by and distributions to
owners Grant of equity-settled share options to employeesSingapore dollars thousands	51	–	–	–	51	PDF p. 59 Label p. 59
Treasury shares reissued pursuant to employee share option planSingapore dollars thousands	370	–	1,153	–	(783)	PDF p. 59 Label p. 59
Dividends on ordinary sharesSingapore dollars thousands	(4,566)	–	–	(4,566)	–	PDF p. 59
Total contributions by and distributions to owners, representing total transactions with owners in their capacity as ownersSingapore dollars thousands	(4,145)	–	1,153	(4,566)	(732)	PDF p. 59 Label p. 59
At 31 December 2021Singapore dollars thousands	94,800	98,021	(10,586)	7,575	(210)	PDF p. 59

Definitions & sources

Original report: PDF p. 59 ↗

Consolidated cash flows — FY2021 source

29 metrics

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Consolidated cash flows — FY2021 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2021Group	2020Group	Source
Operating activities
Profit before taxSingapore dollars thousands	9,474	19,224	PDF p. 60
Adjustments for:
Depreciation of property, plant and equipmentSingapore dollars thousands	5,691	5,490	PDF p. 60
Amortisation of intangible assetsSingapore dollars thousands	172	99	PDF p. 60
Depreciation of right-of-use assetsSingapore dollars thousands	5,137	4,858	PDF p. 60
Net gain on disposal of property, plant and equipmentSingapore dollars thousands	(91)	(135)	PDF p. 60
Share-based paymentsSingapore dollars thousands	51	365	PDF p. 60
Net fair value (gain)/loss on investment securitiesSingapore dollars thousands	(377)	186	PDF p. 60
Reversal of impairment loss on property, plant and equipmentSingapore dollars thousands	–	(1,003)	PDF p. 60
Net (gain)/loss on disposal of other investmentsSingapore dollars thousands	(54)	886	PDF p. 60
Net fair value (gain)/loss on investment propertiesSingapore dollars thousands	(792)	331	PDF p. 60
Write-back of expected credit lossesSingapore dollars thousands	–	(356)	PDF p. 60
Share of results of joint ventureSingapore dollars thousands	198	(16)	PDF p. 60
Net reversal of provisionsSingapore dollars thousands	(3)	(26)	PDF p. 60
Interest expenseSingapore dollars thousands	2,222	2,429	PDF p. 60
Interest incomeSingapore dollars thousands	(1,090)	(1,260)	PDF p. 60
Dividend income from other investmentsSingapore dollars thousands	(226)	(148)	PDF p. 60
Net allowance for inventory obsolescenceSingapore dollars thousands	151	494	PDF p. 60
Net reversal of impairment loss on capitalised contract costsSingapore dollars thousands	(66)	(41)	PDF p. 60
Exchange differencesSingapore dollars thousands	1,782	2,878	PDF p. 60
Operating cash flows before changes in working capitalSingapore dollars thousands	22,179	34,255	PDF p. 60
Changes in working capital:
Decrease/(increase) in trade and other receivables and contract assetsSingapore dollars thousands	15,115	(3,175)	PDF p. 60
(Increase)/decrease in inventoriesSingapore dollars thousands	(13,047)	1,981	PDF p. 60
Increase in prepaymentsSingapore dollars thousands	(465)	(191)	PDF p. 60
(Decrease)/increase in trade and other payables and contract liabilitiesSingapore dollars thousands	(6,828)	1,200	PDF p. 60
Cash flows from operationsSingapore dollars thousands	16,954	34,070	PDF p. 60
Interest paidSingapore dollars thousands	(2,222)	(2,429)	PDF p. 60
Interest receivedSingapore dollars thousands	1,136	1,311	PDF p. 60
Income taxes paidSingapore dollars thousands	(3,544)	(2,451)	PDF p. 60
Net cash flows generated from operating activitiesSingapore dollars thousands	12,324	30,501	PDF p. 60

Definitions & sources

Original report: PDF p. 60 ↗

Consolidated cash flows — FY2021 source

20 metrics

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Consolidated cash flows — FY2021 source from INNOTEK LIMITED • 2025 ANNUAL REPORT
Metric / unit	2021Group	2020Group	Source
Investing activities
Purchase of property, plant and equipmentSingapore dollars thousands	(6,862)	(4,137)	PDF p. 61
Proceeds from disposal of property, plant and equipmentSingapore dollars thousands	201	204	PDF p. 61
Deposit refunded/(paid) for property, plant and equipmentSingapore dollars thousands	727	(1,639)	PDF p. 61
Additions to intangible assetsSingapore dollars thousands	(326)	(97)	PDF p. 61
Purchase of other investmentsSingapore dollars thousands	(6,452)	(4,313)	PDF p. 61
Proceeds from disposal of other investmentsSingapore dollars thousands	4,948	9,049	PDF p. 61
Dividend from other investmentsSingapore dollars thousands	226	148	PDF p. 61
Decrease in structured depositSingapore dollars thousands	21	4,424	PDF p. 61
Decrease/(increase) in bank balance under portfolio investment managementSingapore dollars thousands	1,019	(590)	PDF p. 61 Label p. 61
Net cash flows (used in)/generated from investing activitiesSingapore dollars thousands	(6,498)	3,049	PDF p. 61
Financing activities
Proceeds from exercise of share optionsSingapore dollars thousands	370	–	PDF p. 61
Proceeds from bank loanSingapore dollars thousands	–	1,539	PDF p. 61
Repayment of bank loanSingapore dollars thousands	(433)	(109)	PDF p. 61
Payment of principal portion of lease liabilitiesSingapore dollars thousands	(4,146)	(3,534)	PDF p. 61
Dividend paid on ordinary sharesSingapore dollars thousands	(4,566)	(3,395)	PDF p. 61
Net cash flows used in financing activitiesSingapore dollars thousands	(8,775)	(5,499)	PDF p. 61
Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands	(2,949)	28,051	PDF p. 61
Effect of exchange rate changes on cash and cash equivalentsSingapore dollars thousands	1,100	634	PDF p. 61
Cash and cash equivalents at 1 JanuarySingapore dollars thousands	71,611	42,926	PDF p. 61
Cash and cash equivalents at 31 DecemberSingapore dollars thousands	69,762	71,611	PDF p. 61

Definitions & sources

Original report: PDF p. 61 ↗

Where the money comes from

Segment information

By business

Segment information – year ended 31 December 24 lines

Segment information – year ended 31 December
Item / unit	2025Precision Mechanical Manufacturing	2025Precision Intelligent Manufacturing	2025Mansfield Adjustments and Eliminations	2025Total of operating segments (subtotal)	2025Corporate and Others	2025Eliminations	2025Group Total	2024Precision Mechanical Manufacturing	2024Precision Intelligent Manufacturing	2024Mansfield Adjustments and Eliminations	2024Total of operating segments (subtotal)	2024Corporate and Others	2024Eliminations	2024Group Total	Source
Revenue
External customers$'000	178,963	30,951	–	209,914	–	–	209,914	196,539	41,496	–	238,035	–	–	238,035	PDF p. 162 PDF p. 163
Inter-segment$'000	99,892	474	(100,366)	–	–	–	–	104,274	669	(104,943)	–	–	–	–	PDF p. 162 PDF p. 163
Total Revenue$'000	278,855	31,425	(100,366)	209,914	–	–	209,914	300,813	42,165	(104,943)	238,035	–	–	238,035	PDF p. 162 PDF p. 163
Results
External interest income$'000	164	328	–	492	646	–	1,138	592	537	–	1,129	1,008	–	2,137	PDF p. 162 PDF p. 163
Inter-segment interest income$'000	–	–	–	–	601	(601)	–	–	–	–	–	587	(587)	–	PDF p. 162 PDF p. 163
Inter-segment interest expense$'000	(601)	–	–	(601)	–	601	–	(587)	–	–	(587)	–	587	–	PDF p. 162 PDF p. 163
Depreciation and amortisation$'000	(8,432)	(3,449)	–	(11,881)	(38)	–	(11,919)	(8,497)	(3,538)	–	(12,035)	(35)	–	(12,070)	PDF p. 162 PDF p. 163
Dividend income from other investments$'000	–	–	–	–	383	–	383	–	–	–	–	365	–	365	PDF p. 162 PDF p. 163
Gain on termination of lease$'000	–	142	–	142	–	–	142								PDF p. 162
Loss on disposal of a subsidiary$'000	(270)	–	–	(270)	–	–	(270)								PDF p. 162
Net foreign exchange gain/(loss)$'000	438	(428)	–	10	(268)	–	(258)	644	208	–	852	224	–	1,076	PDF p. 162 PDF p. 163
Rental income$'000	632	2,022	–	2,654	–	–	2,654	1,023	1,994	–	3,017	–	–	3,017	PDF p. 162 PDF p. 163
Finance cost$'000	(522)	(741)	–	(1,263)	(1)	–	(1,264)	(1,173)	(890)	–	(2,063)	(1)	–	(2,064)	PDF p. 162 PDF p. 163
Other non-cash (expense)/income(1)$'000	(184)	–	–	(184)	2,958	–	2,774	(106)	–	–	(106)	1,580	–	1,474	PDF p. 162 PDF p. 163
Net allowance for inventory obsolescence$'000	(673)	(14)	–	(687)	–	–	(687)	(1,110)	(339)	–	(1,449)	–	–	(1,449)	PDF p. 162 PDF p. 163
Inter-segment dividend income$'000	–	–	–	–	6,288	(6,288)	–	–	–	–	–	6,362	(6,362)	–	PDF p. 162 PDF p. 163
Segment profit before tax$'000	(695)	1,846	–	1,151	7,763	(6,288)	2,626	2,484	3,014	–	5,498	8,186	(6,362)	7,322	PDF p. 162 PDF p. 163
Income tax expense$'000	172	(1,131)	–	(959)	(115)	–	(1,074)	(550)	(1,132)	–	(1,682)	(148)	–	(1,830)	PDF p. 162 PDF p. 163
Assets
Investment in joint venture$'000	–	–	–	–	–	–	–	–	–	–	–	–	–	–	PDF p. 162 PDF p. 163
Additions to non-current assets(2)$'000	7,313	3,433	–	10,746	2	–	10,748	7,943	3,256	–	11,199	14	–	11,213	PDF p. 162 PDF p. 163
Segment assets$'000	170,076	66,462	–	236,538	108,549	(66,126)	278,961	145,354	72,396	–	217,750	103,941	(58,901)	262,790	PDF p. 162 PDF p. 163
Liabilities
Segment liabilities$'000	88,655	18,127	–	106,782	932	–	107,714	64,209	21,448	–	85,657	958	–	86,615	PDF p. 162 PDF p. 163
Results
Impairment loss on right-of-use assets$'000								(644)	–	–	(644)	–	–	(644)	PDF p. 163
Share of results of joint venture$'000								(806)	–	–	(806)	–	–	(806)	PDF p. 163

Notes

(1) Other non-cash income/expenses consist of net fair value gain/loss on other investments, net gain/loss on disposal of other investments, and share-based payments as presented in the respective notes to the financial statements.

(2) Additions to non-current assets consist of additions to property, plant and equipment and intangible assets and deposit refunded/paid for purchase of property, plant and equipment.

Rows 'Net fair value loss on investment properties', 'Net gain/(loss) on disposal of property, plant and equipment', 'Write back of allowance for inventory obsolescence' and 'Net impairment on capitalised contract cost' are printed on wrapped lines and omitted here; see page 162.

Footnotes (1) and (2) as on page 164: (1) Other non-cash income/expenses consist of net fair value gain/loss on other investments, net gain/loss on disposal of other investments, and share-based payments. (2) Additions to non-current assets consist of additions to property, plant and equipment and intangible assets and deposit refunded/paid for purchase of property, plant and equipment.

Wrapped-line rows (investment properties fair value, disposal of PPE, impairment on PPE, write back of allowance, capitalised contract cost impairment) omitted; see page 163.

By geography

Geographical information – revenue and non-current assets 6 lines

Geographical information – revenue and non-current assets
Item / unit	2025Revenue	2024Revenue	2025Non-current assets	2024Non-current assets	Source
Geographical information
Hong Kong/PRC$'000	188,673	206,905	79,406	63,929	PDF p. 164
Thailand$'000	11,944	13,630	9,402	6,073	PDF p. 164
Vietnam$'000	9,297	17,500	4,557	11,470	PDF p. 164
Malaysia$'000	–	–	2,232	–	PDF p. 164
Singapore$'000	–	–	15	50	PDF p. 164
Total$'000	209,914	238,035	95,612	81,522	PDF p. 164

Notes

Revenue and non-current assets information based on the geographical location of customers and assets respectively. Non-current assets consist of property, plant and equipment, right-of-use assets, investment properties, intangible assets, investment in joint venture and non-current other receivables as presented in the balance sheet.

Total row has no printed label.

Major customers: Revenue from three (2024: three) major customers amounted to $87,174,000 (2024: $102,161,000), arising from sales by the Precision Mechanical Manufacturing and Precision Intelligent Manufacturing segments.

Debt

Borrowings

Note 33(d) Contractual undiscounted maturity of debt and lease liabilities - Group 31 December

Note 33(d) Contractual undiscounted maturity of debt and lease liabilities - Group 31 December — Group
Item / unit	2025one year or less, 31 Dec 2025	2025one year to five years, 31 Dec 2025	2025total, 31 Dec 2025	2024one year or less, 31 Dec 2024	2024one year to five years, 31 Dec 2024	2024total, 31 Dec 2024	Source
Financial liabilities
Loan and borrowings$'000	9,921	–	9,921	5,098	–	5,098	PDF p. 157 PDF p. 158
Lease liabilities$'000	6,961	21,798	28,759	9,216	8,490	17,706	PDF p. 157 PDF p. 158

Notes

Based on contractual undiscounted payment obligations. No 'after five years' column is printed.

Contractual undiscounted payments.

Note 33(d) Contractual undiscounted maturity of lease liabilities - Company 31 December

Note 33(d) Contractual undiscounted maturity of lease liabilities - Company 31 December — Company
Item / unit	2025one year or less, 31 Dec 2025	2025one year to five years, 31 Dec 2025	2025total, 31 Dec 2025	2024one year or less, 31 Dec 2024	2024one year to five years, 31 Dec 2024	2024total, 31 Dec 2024	Source
Financial liabilities
Lease liabilities$'000	9	–	9	33	9	42	PDF p. 158 PDF p. 159

Notes

Company has no loans and borrowings line in the maturity table.

Contractual undiscounted payments.

Borrowing notes 2 tables

Loans and borrowings

Loans and borrowings — Group
Item / unit	2025$'000	2024$'000	Source
Current liabilities
Bank loans (secured)$'000	7,328	3,758	PDF p. 138
Bank trust receipts (secured)$'000	550	–	PDF p. 138
Trade receivable financing (secured)$'000	1,831	–	PDF p. 138
Loans from non-controlling interests$'000	–	1,218	PDF p. 138
Total loans and borrowings$'000	9,709	4,976	PDF p. 138

Notes

Interest rates (per annum): bank loans LPR-0.4% & LPR-0.5% (2024: LPR plus 0.15%), maturity 2026 (2024: 2025); bank trust receipts 1.60%, maturity 2026; trade receivable financing 2.20%, maturity 2026; loans from non-controlling interests Nil.

Bank loans are denominated in Chinese Renminbi; secured over Magix Mechatronics (Dongguan) Company Limited's investment properties and an invention patent. Bank trust receipts repayable within 180 days. Loans from non-controlling interests were in United States Dollar, unsecured, interest-free, derecognised 30 September 2025 on disposal of HYS VN (S$1,160,000 carrying amount).

All borrowings are classified as current; no non-current borrowings. Lease liabilities are included in loans and borrowings per Note 26(b) but shown separately in the reconciliation.

Reconciliation of liabilities arising from financing activities

Reconciliation of liabilities arising from financing activities — Group
Item / unit	202531.12.2025, $'000	202431.12.2024, $'000	Source
Group
Bank loans – Current$'000	9,709	3,758	PDF p. 139
Lease liabilities – Current$'000	5,603	6,918	PDF p. 139
Lease liabilities – Non-current$'000	19,852	6,943	PDF p. 139
Company
Lease liabilities – Current$'000	9		PDF p. 139
Group
Loans from non-controlling interests – Current$'000		1,218	PDF p. 139

Notes

Closing 31.12.2025 balances only; opening 1.1.2025 Group bank loans 3,758, loans from NCI 1,218, lease current 6,918, non-current 6,943 (total 18,837 → 35,164 closing). Company lease total 39 → 9. 'Others' relates to reclassification of non-current portion, disposal of a subsidiary and FX differences.

Closing 31.12.2024 balances only; Company lease liabilities current 30, non-current 9, total 39.

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
DIVIDEND POLICY	In considering the level of dividend payments, the Board takes into account various factors, including the level of cash available, the return on equity and retained earnings and sets aside a certain percentage of the Group’s net operating profits attributable to shareholders for payment of dividends.	Group	PDF p. 71

Dividends declared and proposed

Item	Value	Period / scope	Source
first and final (one-tier, tax-exempt) dividend	2.0 cents per share	Proposed for FY2025, subject to AGM approval on 29 April 2026; one-tier tax-exempt	PDF p. 71
NOTICE OF RECORD DATE	8 May 2026	FY2025 first and final dividend; books closure at 5.00 p.m. · As at 2026-05-08	PDF p. 189
Payment of the First and Final Dividend	22 May 2026	FY2025 first and final dividend · As at 2026-05-22	PDF p. 189
Final exempt (one-tier) dividend for 2024	$0.02	Comparative FY2024, Group and Company, declared and paid in 2025 (2023: $0.02)	PDF p. 165
Final exempt (one-tier) dividend for 2025	$0.02	FY2025 proposed, Group and Company, subject to AGM approval (2024: $0.02)	PDF p. 165

Payout

Item	Value	Period / scope	Source
Gross dividend (Cents)	2.0 Singapore cents per share	FY2025 total for the year (2022: 2.0; 2023: 2.0; 2024: 2.0)	PDF p. 21

Extracted from INNOTEK LIMITED • 2025 ANNUAL REPORT 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
Ernst & Young LLP	Ernst & Young LLP	Group	PDF p. 82
engagement partner	Lim Kian Giap	Group	PDF p. 82
Opinion	true and fair view	Group and Company	PDF p. 79

Key audit matters

Item	Value	Period / scope	Source
Allowance for inventory obsolescence	The determination of allowance for inventory obsolescence requires management to exercise significant judgement in identifying slow-moving or obsolete inventories and making estimates of their net realisable values.	Group	PDF p. 80
Impairment of property, plant and equipment and right-of-use assets	The assessment of impairment indicators and the estimation of recoverable amounts of the CGUs and its assets required management to make significant judgement and estimate.	Group	PDF p. 80

Extracted from INNOTEK LIMITED • 2025 ANNUAL REPORT 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 INNOTEK LIMITED • 2025 ANNUAL REPORT, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Monetary amounts are Singapore-dollar thousands; EPS is Singapore cents per share. Group income/comprehensive-income/cash flows and Group/Company balance sheets/equity movements are printed. Separate primary Company income/comprehensive-income/cash-flow statements are not printed; Company profit and comprehensive income remain in its equity movements. Earlier Group equity tables have no separate NCI component; no NCI column is invented.

The current financial highlights show four periodsFY2022–FY2025, while original primary sources retain six yearsFY2020–FY2025. FY2024 summary operating margin0.8percent is an original source discrepancy; share-buyback before/after tables are explicitly illustrative, not reported future results. FY2022 AI Server revenue share is not separately labelled and is not imputed as zero.

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