Nanyang New Development Limited Annual Report 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| Revenue$'000 | 5,859 | 7,002 | PDF p. 100 |
| Cost of sales$'000 | (4,994) | (5,537) | PDF p. 100 |
| Gross profit$'000 | 865 | 1,465 | PDF p. 100 |
| Other income$'000 | 332 | 191 | PDF p. 100 |
| Selling and distribution expenses$'000 | (819) | (924) | PDF p. 100 |
| Administrative expenses$'000 | (6,342) | (4,058) | PDF p. 100 |
| Other operating expenses$'000 | (2) | (124) | PDF p. 100 |
| Finance income$'000 | 89 | 285 | PDF p. 100 |
| Finance expenses$'000 | (71) | (51) | PDF p. 100 |
| Write back of loss allowance on trade receivables$'000 | 10 | – | PDF p. 100 |
| Impairment loss on financial assets$'000 | (1,061) | – | PDF p. 100 |
| Impairment loss on non-financial assets$'000 | (651) | – | PDF p. 100 |
| Share of associate’s loss$'000 | (91) | (60) | PDF p. 100 |
| Loss before taxation$'000 | (7,741) | (3,276) | PDF p. 100 |
| Income tax expense$'000 | (5) | (13) | PDF p. 100 |
| Loss for the year$'000 | (7,746) | (3,289) | PDF p. 100 |
| Other comprehensive income | |||
| Net loss on the fair value change of equity investments at fair value through other comprehensive income$'000 | (369) | (1,065) | PDF p. 100 |
| Currency translation difference$'000 | 31 | 67 | PDF p. 100 |
| Other comprehensive loss for the year, net of tax$'000 | (338) | (998) | PDF p. 100 |
| Total comprehensive income | |||
| Total comprehensive loss for the year$'000 | (8,084) | (4,287) | PDF p. 100 |
| Loss attributable to | |||
| Owners of the Company$'000 | (6,771) | (2,654) | PDF p. 100 |
| Non-controlling interests$'000 | (975) | (635) | PDF p. 100 |
| Subtotal$'000 | (7,746) | (3,289) | PDF p. 100 |
| Total comprehensive loss attributable to | |||
| Owners of the Company$'000 | (7,154) | (3,652) | PDF p. 100 |
| Non-controlling interests$'000 | (930) | (635) | PDF p. 100 |
| Subtotal$'000 | (8,084) | (4,287) | PDF p. 100 |
| Loss per share (cents per share) | |||
| – Basic and dilutedcents per share | (1.34) | (0.73) | PDF p. 100 |
Original report: PDF p. 100 ↗
Header: Group, Note, 2025, 2024, $’000. Loss per share in cents per share.
The accompanying notes form an integral part of the financial statements
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipment$'000 | 329 | 1,052 | PDF p. 101 |
| Right-of-use assets$'000 | 7 | 515 | PDF p. 101 |
| Intangible assets$'000 | 8 | – | PDF p. 101 |
| Investment in subsidiaries$'000 | – | – | PDF p. 101 |
| Investment in an associate$'000 | 74 | 165 | PDF p. 101 |
| Other long-term investments$'000 | – | 369 | PDF p. 101 |
| Subtotal$'000 | 418 | 2,101 | PDF p. 101 |
| Current assets | |||
| Inventories$'000 | 1,173 | 1,551 | PDF p. 101 |
| Trade and notes receivables$'000 | 1,082 | 1,819 | PDF p. 101 |
| Other receivables and deposits$'000 | 789 | 882 | PDF p. 101 |
| Prepayments$'000 | 31 | 35 | PDF p. 101 |
| Fixed deposits$'000 | – | 2,702 | PDF p. 101 |
| Cash and bank balances$'000 | 8,355 | 6,154 | PDF p. 101 |
| Subtotal$'000 | 11,430 | 13,143 | PDF p. 101 |
| Assets | |||
| Total assets$'000 | 11,848 | 15,244 | PDF p. 101 |
| Current liabilities | |||
| Trade payables$'000 | 998 | 1,278 | PDF p. 101 |
| Other payables and accruals$'000 | 4,865 | 4,390 | PDF p. 101 |
| Contract liabilities$'000 | 6 | 32 | PDF p. 101 |
| Tax payables$'000 | – | 4 | PDF p. 101 |
| Lease liabilities$'000 | 15 | 205 | PDF p. 101 |
| Term loans$'000 | 1,832 | 1,060 | PDF p. 101 |
| Subtotal$'000 | 7,716 | 6,969 | PDF p. 101 |
| Net current assets$'000 | 3,714 | 6,174 | PDF p. 101 |
| Non-current liabilities | |||
| Deferred tax liabilities$'000 | 63 | 76 | PDF p. 102 |
| Other payables$'000 | 14 | 14 | PDF p. 102 |
| Lease liabilities$'000 | 22 | 226 | PDF p. 102 |
| Subtotal$'000 | 99 | 316 | PDF p. 102 |
| Net assets | |||
| Net assets$'000 | 4,033 | 7,959 | PDF p. 102 |
| Equity | |||
| Share capital$'000 | 30,011 | 25,853 | PDF p. 102 |
| Capital reserve$'000 | 294 | 294 | PDF p. 102 |
| Enterprise expansion reserve$'000 | 4,349 | 4,349 | PDF p. 102 |
| General reserve$'000 | 4,349 | 4,349 | PDF p. 102 |
| Translation reserve$'000 | (17) | (3) | PDF p. 102 |
| Fair value reserve$'000 | (1,434) | (1,065) | PDF p. 102 |
| Accumulated losses$'000 | (31,499) | (24,728) | PDF p. 102 |
| Subtotal$'000 | 6,053 | 9,049 | PDF p. 102 |
| Non-controlling interests$'000 | (2,020) | (1,090) | PDF p. 102 |
| Total equity$'000 | 4,033 | 7,959 | PDF p. 102 |
Original report: PDF p. 101 ↗ PDF p. 102 ↗
Group columns of the Statements of Financial Position (continued on page 102). Quotes include the Company columns as printed in the same row.
The accompanying notes form an integral part of the financial statements
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company | 2024Company | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipment$'000 | 1 | 137 | PDF p. 101 |
| Right-of-use assets$'000 | – | 178 | PDF p. 101 |
| Intangible assets$'000 | – | – | PDF p. 101 |
| Investment in subsidiaries$'000 | 4,969 | 1,279 | PDF p. 101 |
| Investment in an associate$'000 | – | – | PDF p. 101 |
| Other long-term investments$'000 | – | 369 | PDF p. 101 |
| Subtotal$'000 | 4,970 | 1,963 | PDF p. 101 |
| Current assets | |||
| Inventories$'000 | – | – | PDF p. 101 |
| Trade and notes receivables$'000 | 452 | 570 | PDF p. 101 |
| Other receivables and deposits$'000 | 56 | 2,856 | PDF p. 101 |
| Prepayments$'000 | 13 | 16 | PDF p. 101 |
| Fixed deposits$'000 | – | 2,702 | PDF p. 101 |
| Cash and bank balances$'000 | 2,236 | 3,286 | PDF p. 101 |
| Subtotal$'000 | 2,757 | 9,430 | PDF p. 101 |
| Assets | |||
| Total assets$'000 | 7,727 | 11,393 | PDF p. 101 |
| Current liabilities | |||
| Trade payables$'000 | – | – | PDF p. 101 |
| Other payables and accruals$'000 | 897 | 386 | PDF p. 101 |
| Contract liabilities$'000 | – | – | PDF p. 101 |
| Tax payables$'000 | – | – | PDF p. 101 |
| Lease liabilities$'000 | – | 18 | PDF p. 101 |
| Term loans$'000 | – | – | PDF p. 101 |
| Subtotal$'000 | 897 | 404 | PDF p. 101 |
| Net current assets$'000 | 1,860 | 9,026 | PDF p. 101 |
| Non-current liabilities | |||
| Deferred tax liabilities$'000 | – | – | PDF p. 102 |
| Other payables$'000 | – | – | PDF p. 102 |
| Lease liabilities$'000 | – | 83 | PDF p. 102 |
| Subtotal$'000 | – | 83 | PDF p. 102 |
| Net assets | |||
| Net assets$'000 | 6,830 | 10,906 | PDF p. 102 |
| Equity | |||
| Share capital$'000 | 30,011 | 25,853 | PDF p. 102 |
| Capital reserve$'000 | – | – | PDF p. 102 |
| Enterprise expansion reserve$'000 | – | – | PDF p. 102 |
| General reserve$'000 | – | – | PDF p. 102 |
| Translation reserve$'000 | – | – | PDF p. 102 |
| Fair value reserve$'000 | (1,434) | (1,065) | PDF p. 102 |
| Accumulated losses$'000 | (21,747) | (13,882) | PDF p. 102 |
| Subtotal$'000 | 6,830 | 10,906 | PDF p. 102 |
| Non-controlling interests$'000 | – | – | PDF p. 102 |
| Total equity$'000 | 6,830 | 10,906 | PDF p. 102 |
Original report: PDF p. 101 ↗ PDF p. 102 ↗
Company columns of the Statements of Financial Position (continued on page 102). Quotes are the full printed rows including Group columns.
The accompanying notes form an integral part of the financial statements
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income statement | |||
| Revenue$’000 | 5,859 | 7,002 | PDF p. 100 |
| Cost of sales$’000 | (4,994) | (5,537) | PDF p. 100 |
| Gross profit$’000 | 865 | 1,465 | PDF p. 100 |
| Other income$’000 | 332 | 191 | PDF p. 100 |
| Selling and distribution expenses$’000 | (819) | (924) | PDF p. 100 |
| Administrative expenses$’000 | (6,342) | (4,058) | PDF p. 100 |
| Other operating expenses$’000 | (2) | (124) | PDF p. 100 |
| Finance income$’000 | 89 | 285 | PDF p. 100 |
| Finance expenses$’000 | (71) | (51) | PDF p. 100 |
| Write back of loss allowance on trade receivables$’000 | 10 | – | PDF p. 100 |
| Impairment loss on financial assets$’000 | (1,061) | – | PDF p. 100 |
| Impairment loss on non-financial assets$’000 | (651) | – | PDF p. 100 |
| Share of associate’s loss$’000 | (91) | (60) | PDF p. 100 |
| Loss before taxation$’000 | (7,741) | (3,276) | PDF p. 100 |
| Income tax expense$’000 | (5) | (13) | PDF p. 100 |
| Loss for the year$’000 | (7,746) | (3,289) | PDF p. 100 |
| Other comprehensive income | |||
| Net loss on the fair value change of equity investments at fair value through other comprehensive income$’000 | (369) | (1,065) | PDF p. 100 |
| Currency translation difference$’000 | 31 | 67 | PDF p. 100 |
| Other comprehensive loss for the year, net of tax$’000 | (338) | (998) | PDF p. 100 |
| Total comprehensive loss for the year$’000 | (8,084) | (4,287) | PDF p. 100 |
| Loss attributable to | |||
| Owners of the Company (Loss attributable to)$’000 | (6,771) | (2,654) | PDF p. 100 |
| Non-controlling interests (Loss attributable to)$’000 | (975) | (635) | PDF p. 100 |
| Total comprehensive loss attributable to | |||
| Owners of the Company (Total comprehensive loss attributable to)$’000 | (7,154) | (3,652) | PDF p. 100 |
| Non-controlling interests (Total comprehensive loss attributable to)$’000 | (930) | (635) | PDF p. 100 |
| Loss per share | |||
| – Basic and dilutedcents per share | (1.34) | (0.73) | PDF p. 100 |
Original report: PDF p. 100 ↗
For the financial year ended 31 December 2025. Amounts in $’000 except loss per share in cents per share.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group – Share capital | 2025Group – Capital reserve | 2025Group – Enterprise expansion reserve | 2025Group – General reserve | 2025Group – Translation reserve | 2025Group – Fair value reserve | 2025Group – Accumulated losses | 2025Group – Equity attributable to owners of the Company, total | 2025Group – Non-controlling interests | 2025Group – Equity total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||||
| Opening balance as at 1 January 2025$’000 | 25,853 | 294 | 4,349 | 4,349 | (3) | (1,065) | (24,728) | 9,049 | (1,090) | 7,959 | PDF p. 103 |
| Loss for the year$’000 | – | – | – | – | – | – | (6,771) | (6,771) | (975) | (7,746) | PDF p. 103 |
| Other comprehensive (loss)/income for the year$’000 | – | – | – | – | (14) | (369) | – | (383) | 45 | (338) | PDF p. 103 |
| Total comprehensive loss for the year$’000 | – | – | – | – | (14) | (369) | (6,771) | (7,154) | (930) | (8,084) | PDF p. 103 |
| Issuance of new ordinary shares$’000 | 4,158 | – | – | – | – | – | – | 4,158 | – | 4,158 | PDF p. 103 |
| Closing balance as at 31 December 2025$’000 | 30,011 | 294 | 4,349 | 4,349 | (17) | (1,434) | (31,499) | 6,053 | (2,020) | 4,033 | PDF p. 103 |
Original report: PDF p. 103 ↗
All columns in $’000. Group; attributable to equity holders of the Company, plus non-controlling interests.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group – Share capital | 2024Group – Capital reserve | 2024Group – Enterprise expansion reserve | 2024Group – General reserve | 2024Group – Translation reserve | 2024Group – Fair value reserve | 2024Group – Accumulated losses | 2024Group – Equity attributable to owners of the Company, total | 2024Group – Non-controlling interests | 2024Group – Equity total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||||
| Opening balance as at 1 January 2024$’000 | 25,853 | 294 | 4,349 | 4,349 | (70) | – | (22,074) | 12,701 | (455) | 12,246 | PDF p. 103 |
| Loss for the year$’000 | – | – | – | – | – | – | (2,654) | (2,654) | (635) | (3,289) | PDF p. 103 |
| Other comprehensive income/(loss) for the year$’000 | – | – | – | – | 67 | (1,065) | – | (998) | – | (998) | PDF p. 103 |
| Total comprehensive income/(loss) for the year$’000 | – | – | – | – | 67 | (1,065) | (2,654) | (3,652) | (635) | (4,287) | PDF p. 103 |
| Closing balance as at 31 December 2024$’000 | 25,853 | 294 | 4,349 | 4,349 | (3) | (1,065) | (24,728) | 9,049 | (1,090) | 7,959 | PDF p. 103 |
Original report: PDF p. 103 ↗
All columns in $’000. Comparative year; no share issuance in 2024.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company – Share capital | 2025Company – Fair value reserve | 2025Company – Accumulated losses | 2025Company – Total | Source |
|---|---|---|---|---|---|
| Company | |||||
| Opening balance as at 1 January 2025$’000 | 25,853 | (1,065) | (13,882) | 10,906 | PDF p. 104 |
| Loss for the year$’000 | – | – | (7,865) | (7,865) | PDF p. 104 |
| Other comprehensive loss$’000 | – | (369) | – | (369) | PDF p. 104 |
| Issuance of new ordinary shares$’000 | 4,158 | – | – | 4,158 | PDF p. 104 |
| Closing balance as at 31 December 2025$’000 | 30,011 | (1,434) | (21,747) | 6,830 | PDF p. 104 |
Original report: PDF p. 104 ↗
All columns in $’000.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company – Share capital | 2024Company – Fair value reserve | 2024Company – Accumulated losses | 2024Company – Total | Source |
|---|---|---|---|---|---|
| Company | |||||
| Opening balance as at 1 January 2024$’000 | 25,853 | – | (12,717) | 13,136 | PDF p. 104 |
| Loss for the year$’000 | – | – | (1,165) | (1,165) | PDF p. 104 |
| Other comprehensive loss$’000 | – | (1,065) | – | (1,065) | PDF p. 104 |
| Closing balance as at 31 December 2024$’000 | 25,853 | (1,065) | (13,882) | 10,906 | PDF p. 104 |
Original report: PDF p. 104 ↗
All columns in $’000.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Operating activities | |||
| Loss before taxation$’000 | (7,741) | (3,276) | PDF p. 105 |
| Operating activities – Adjustments | |||
| Interest expense on borrowings and lease liabilities$’000 | 71 | 51 | PDF p. 105 |
| Interest income$’000 | (89) | (285) | PDF p. 105 |
| Write back of loss allowance on trade receivables$’000 | (10) | – | PDF p. 105 |
| Gain on disposal of property, plant and equipment$’000 | (143) | (5) | PDF p. 105 |
| Right-of-use assets written off$’000 | 352 | 121 | PDF p. 105 |
| Depreciation of property, plant and equipment$’000 | 67 | 91 | PDF p. 105 |
| Depreciation of right-of-use assets$’000 | 155 | 584 | PDF p. 105 |
| Amortisation of intangible assets$’000 | 2 | – | PDF p. 105 |
| Reversal of inventories written down$’000 | – | (6) | PDF p. 105 |
| Inventories written down$’000 | 313 | 7 | PDF p. 105 |
| Impairment loss on financial assets – trade receivables$’000 | 151 | – | PDF p. 105 |
| Impairment loss on financial assets$’000 | 910 | – | PDF p. 105 |
| Impairment loss on non-financial assets$’000 | 651 | – | PDF p. 105 |
| Share of associate’s loss$’000 | 91 | 60 | PDF p. 105 |
| Exchange differences$’000 | (146) | 129 | PDF p. 105 |
| Operating activities | |||
| Operating cash flows before changes in working capital changes$’000 | (5,366) | (2,529) | PDF p. 105 |
| Decrease/(Increase) in inventories$’000 | 83 | (169) | PDF p. 105 |
| Increase in trade and notes receivables$’000 | (331) | (747) | PDF p. 105 |
| Decrease/(Increase) in other receivables and prepayments$’000 | 85 | (63) | PDF p. 105 |
| Increase in trade and other payables$’000 | 319 | 853 | PDF p. 105 |
| (Decrease)/Increase in contract liabilities$’000 | (25) | 22 | PDF p. 105 |
| Cash used in operations$’000 | (5,235) | (2,633) | PDF p. 105 |
| Interest paid$’000 | (71) | (51) | PDF p. 105 |
| Interest received$’000 | 89 | 285 | PDF p. 105 |
| Income tax refunded/(paid)$’000 | 23 | (4) | PDF p. 105 |
| Net cash flows used in operating activities$’000 | (5,194) | (2,403) | PDF p. 105 |
| Investing activities | |||
| Purchase of property, plant and equipment$’000 | (85) | (566) | PDF p. 105 |
| Proceeds from disposal of property, plant and equipment$’000 | 266 | 5 | PDF p. 105 |
| Purchase of other long-term investment$’000 | – | (1,300) | PDF p. 105 |
| Purchase of intangible assets$’000 | (10) | – | PDF p. 105 |
| Payment to acquire an associate$’000 | – | (225) | PDF p. 105 |
| Refund to former subsidiary$’000 | – | (1,138) | PDF p. 105 |
| Net cash flows generated from/(used in) investing activities$’000 | 171 | (3,224) | PDF p. 105 |
| Financing activities | |||
| Proceeds from issuance of ordinary shares from placement$’000 | 4,158 | – | PDF p. 106 |
| Payment of principal portion of lease liabilities$’000 | (242) | (582) | PDF p. 106 |
| Proceeds from loans and borrowings$’000 | 1,832 | – | PDF p. 106 |
| Repayment of loans and borrowings$’000 | (1,029) | (1,294) | PDF p. 106 |
| Net cash flows generated from/(used in) financing activities$’000 | 4,719 | (1,876) | PDF p. 106 |
| Net change in cash | |||
| Net decrease in cash and cash equivalents$’000 | (304) | (7,503) | PDF p. 106 |
| Effect of exchange rate changes on cash and cash equivalents$’000 | (197) | (10) | PDF p. 106 |
| Cash and cash equivalents at the beginning of the year$’000 | 8,856 | 16,369 | PDF p. 106 |
| Cash and cash equivalents at the end of the year$’000 | 8,355 | 8,856 | PDF p. 106 |
Original report: PDF p. 105 ↗ PDF p. 106 ↗
For the financial year ended 31 December 2025; spans physical pages 105-106. Note column on page 106 refers to Note 17 for closing cash. No separate Company cash flow statement is presented.
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| Metric / unit | 2025Group, FY2025 | 2024Group, FY2024 | 2023Group, FY2023 | Source |
|---|---|---|---|---|
| Statement of Comprehensive Income ($'000) | ||||
| Revenue$'000 | 5,859 | 7,002 | 7,354 | PDF p. 12 |
| Gross profit$'000 | 865 | 1,465 | 1,608 | PDF p. 12 |
| Net operating and financial expenses$'000 | (8,847) | (4,872) | (5,681) | PDF p. 12 |
| Other income$'000 | 332 | 191 | 48 | PDF p. 12 |
| Share of associate’s loss$'000 | (91) | (60) | – | PDF p. 12 |
| Loss before tax$'000 | (7,741) | (3,276) | (4,025) | PDF p. 12 |
| Income tax$'000 | (5) | (13) | (16) | PDF p. 12 |
| Loss after tax$'000 | (7,746) | (3,289) | (4,041) | PDF p. 12 |
| Statement of Comprehensive Income – Attributable to | ||||
| Owners of the Company$'000 | (6,771) | (2,654) | (3,310) | PDF p. 12 |
| Non-controlling interests$'000 | (975) | (635) | (731) | PDF p. 12 |
| Per share | ||||
| Loss per share (cents)*cents | (1.34) | (0.73) | (0.98) | PDF p. 12 |
| Balance Sheet ($'000) | ||||
| Non-current assets$'000 | 418 | 2,101 | 1,735 | PDF p. 12 |
| Current assets$'000 | 11,430 | 13,143 | 19,663 | PDF p. 12 |
| Less: Current liabilities$'000 | (7,716) | (6,969) | (8,573) | PDF p. 12 |
| Net current assets$'000 | 3,714 | 6,174 | 11,090 | PDF p. 12 |
| Non-current liabilities$'000 | (99) | (316) | (579) | PDF p. 12 |
| Net assets$'000 | 4,033 | 7,959 | 12,246 | PDF p. 12 |
| Balance Sheet – equity | ||||
| Owners of the Company$'000 | 6,053 | 9,049 | 12,701 | PDF p. 12 |
| Non-controlling interests$'000 | (2,020) | (1,090) | (455) | PDF p. 12 |
| Total equity$'000 | 4,033 | 7,959 | 12,246 | PDF p. 12 |
| Per share | ||||
| Net asset value per share (cents)**cents | 1.17 | 2.50 | 3.51 | PDF p. 12 |
Original report: PDF p. 12 ↗
* Loss per share is calculated by dividing the loss attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the respective financial years (FY2025: 503,884,454/FY2024: 361,698,153/FY2023: 337,314,591 shares).
** Net asset value per share as at 31 December 2025 is computed based on 515,698,153 (2024: 361,698,153/2023: 361,698,153) ordinary shares.
Page also has charts for Revenue, Loss before tax, Shareholders' equity and NAV per share repeating the same values.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, 2025 | 2024Group, 2024 | Source |
|---|---|---|---|
| Loss per Share | |||
| Weighted average number of ordinary shares outstanding during the yearshares | 503,884,454 | 361,698,153 | PDF p. 149 |
Original report: PDF p. 149 ↗
Diluted earnings per share is the same as basic earnings per share as there were no dilutive potential ordinary shares as at 31 December 2025 and 2024.
Loss per share is calculated by dividing the net losses attributable to owners of the Company of $6,771,000 (2024: $2,654,000) by the weighted average number of ordinary shares outstanding.
Where the money comes from
| Item / unit | 2025PRC | 2024PRC | 2025Other Asia Pacific Countries | 2024Other Asia Pacific Countries | 2025Elimination | 2024Elimination | 2025Group | 2024Group | Source |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Inter-segment$'000 | 2,078 | 3,068 | 1 | 60 | (2,079) | (3,128) | – | – | PDF p. 151 |
| Results | |||||||||
| Cost of sales$'000 | (6,714) | (7,016) | (1,099) | (1,651) | 2,819 | 3,130 | (4,994) | (5,537) | PDF p. 151 |
| Interest income$'000 | 4 | 11 | 85 | 274 | – | – | 89 | 285 | PDF p. 151 |
| Depreciation and amortisation$'000 | (69) | (449) | (155) | (226) | – | – | (224) | (675) | PDF p. 151 |
| Interest expense$'000 | (46) | (27) | (25) | (24) | – | – | (71) | (51) | PDF p. 151 |
| Other non-cash expenses$'000 | (109) | (10) | (43) | (7) | – | – | (152) | (17) | PDF p. 151 |
| Segment loss$'000 | (3,129) | (1,355) | (4,613) | (1,928) | 1 | 7 | (7,741) | (3,276) | PDF p. 151 |
| Income tax expense$'000 | (5) | (13) | – | – | – | – | (5) | (13) | PDF p. 151 |
| Assets | |||||||||
| Additions to non-current assets$'000 | 78 | 722 | 17 | 1,547 | – | – | 95 | 2,269 | PDF p. 151 |
| Segment assets$'000 | 11,915 | 9,693 | 10,017 | 13,823 | (10,084) | (8,272) | 11,848 | 15,244 | PDF p. 151 |
| Segment liabilities$'000 | 11,389 | 9,754 | 6,100 | 4,920 | (9,674) | (7,389) | 7,815 | 7,285 | PDF p. 151 |
Segment information presented for geographical segments only; business segment reporting not presented as revenue is primarily from manufacture and sale of dyestuffs, auxiliaries and textile chemical products.
Revenue, assets and additions to PP&E are based on location of assets.
Blank values: cell not printed in source (Total revenue has no separate elimination cells; External customers elimination 2025 cell blank, position of printed '–' inferred as 2024).
A: Inter-segment revenues are eliminated on consolidation. B: Inter-segment cost of sales are eliminated on consolidation. C: Other non-cash expenses consist of gain on disposal of plant and equipment and inventories written down/(written back). D: Loss from inter-segment sales added to segment loss to arrive at loss before taxation: 1 (2025), 7 (2024). E: Additions to non-current assets consist of additions to PPE, right-of-use assets, other long-term investments and investment in an associate. F: Deducted from segment assets: Inter-segment assets (5,062)/(1,389); Intercompany balances (5,022)/(6,883); total (10,084)/(8,272). G: Deducted from segment liabilities: Inter-segment liabilities 64/76; Intercompany balances (9,738)/(7,465); total (9,674)/(7,389).
Debt
| Item / unit | 2025One year or less, $'000 | 2025One to five years, $'000 | 2025Total, $'000 | 2024One year or less, $'000 | 2024One to five years, $'000 | 2024Total, $'000 | Source |
|---|---|---|---|---|---|---|---|
| Financial liabilities | |||||||
| Lease liabilities$'000 | 15 | 23 | 38 | 216 | 245 | 461 | PDF p. 158 |
| Term loans$'000 | 1,880 | – | 1,880 | 1,074 | – | 1,074 | PDF p. 158 |
Based on contractual undiscounted repayment obligations.
| Item / unit | 2025Group, $'000 | 2024Group, $'000 | 2025Company, $'000 | 2024Company, $'000 | Source |
|---|---|---|---|---|---|
| Term loans | |||||
| SGD loan$'000 | – | 247 | – | – | PDF p. 145 |
| Chinese Renminbi (“RMB”) loans$'000 | 1,832 | 813 | – | – | PDF p. 145 |
SGD loan: The temporary bridging loan of $2,000,000 has an interest rate of 2.50%. The $2,000,000 loan is repayable over 5 years and is secured by corporate guarantee provided by the Company. The loan had been fully settled in current financial year.
RMB loans: These loans are drawn down by subsidiaries in the PRC. They are repayable within 12 months from the date of draw down but can be rolled over at the bank’s discretion. These loans are due between March 2026 and September 2026. Other than RMB2,000,000 ($424,000) loan which is at an interest rate of 20 basis point below bank’s prime rate, the other RMB loan bear the same rate as the bank’s prime rate. The loans are secured by corporate guarantee provided by the Company and joint and several guarantees of the directors.
Total row printed: 1,832 1,060 – –
| Item / unit | 2025Group, $'000 | 2024Group, $'000 | 2025Company, $'000 | 2024Company, $'000 | Source |
|---|---|---|---|---|---|
| The term loans are presented as follows | |||||
| Current$'000 | 1,832 | 1,060 | – | – | PDF p. 145 |
No non-current term loans printed.
| Item / unit | 2025Minimum payments, $'000 | 2025Present value of payments, $'000 | 2024Minimum payments, $'000 | 2024Present value of payments, $'000 | Source |
|---|---|---|---|---|---|
| Future minimum lease payments | |||||
| Not later than one year$'000 | 15 | 15 | 216 | 205 | PDF p. 133 |
| One to six years$'000 | 23 | 22 | 245 | 226 | PDF p. 133 |
| Total minimum lease payments$'000 | 38 | 37 | 461 | 431 | PDF p. 133 |
| Less: amounts representing finance charges$'000 | (1) | – | (30) | – | PDF p. 133 |
| Present value of minimum lease payments$'000 | 37 | 37 | 431 | 431 | PDF p. 133 |
| Item / unit | 2024Minimum payments, $'000 | 2024Present value of payments, $'000 | Source |
|---|---|---|---|
| Future minimum lease payments | |||
| Not later than one year$'000 | 22 | 18 | PDF p. 134 |
| One to six years$'000 | 99 | 83 | PDF p. 134 |
| Total minimum lease payments$'000 | 121 | 101 | PDF p. 134 |
| Less: amounts representing finance charges$'000 | (20) | – | PDF p. 134 |
| Present value of minimum lease payments$'000 | 101 | 101 | PDF p. 134 |
Company had no lease liabilities at 31 December 2025 per the note (only 2024 table printed).
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 – dividend policy | The Company does not have a formal dividend policy. The form, frequency and amount of any proposed dividends will take into consideration the Group’s profit growth, cash position, positive cash generated from operations, projected capital requirements for business growth and other factors as the Board may deem appropriate. The Company endeavours to pay dividends and where dividends are not paid, the Company will disclose its reason(s) accordingly. | Company | PDF p. 78 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividends for FY2025 | The Company did not declare any dividends for FY2025 as the Group was in an operational loss. | Company, FY2025 | PDF p. 78 |
Extracted from Nanyang New Development Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Moore Stephens LLP | Moore Stephens LLP | Group | PDF p. 99 |
| Engagement partner | Mr. Ling Kim Chuan | Group | PDF p. 99 |
| Opinion | so as to give a true and fair view | Group and Company | PDF p. 95 |
Extracted from Nanyang New Development Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.
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 Nanyang New Development Limited Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.