Nordic MR7
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Financials
Nordic Group Limited Annual Report 2025
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30 tablesGroup / Company financial position — FY2025 source
32 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSingapore dollars thousands | 38,646 | 41,711 | 5,024 | 5,246 | PDF p. 57 |
| Right-of-use assetsSingapore dollars thousands | 5,488 | 5,297 | 1,384 | 1,442 | PDF p. 57 |
| GoodwillSingapore dollars thousands | 40,421 | 40,421 | – | – | PDF p. 57 |
| Intangible assetsSingapore dollars thousands | 2,055 | 2,532 | – | – | PDF p. 57 |
| Investments in subsidiariesSingapore dollars thousands | – | – | 1,350 | 1,350 | PDF p. 57 |
| Deferred tax assetsSingapore dollars thousands | 1,450 | 1,345 | – | – | PDF p. 57 |
| Total non-current assetsSingapore dollars thousands | 88,060 | 91,306 | 7,758 | 8,038 | PDF p. 57 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 19,869 | 17,328 | – | – | PDF p. 57 |
| Trade receivablesSingapore dollars thousands | 43,098 | 45,787 | 22,253 | 31,063 | PDF p. 57 |
| Other assetsSingapore dollars thousands | 36,131 | 35,471 | 1,665 | 1,566 | PDF p. 57 |
| Other fi nancial assetsSingapore dollars thousands | – | 1,472 | – | – | PDF p. 57 |
| Cash and cash equivalentsSingapore dollars thousands | 41,806 | 43,442 | 4,424 | 16,010 | PDF p. 57 |
| Total current assetsSingapore dollars thousands | 140,904 | 143,500 | 28,342 | 48,639 | PDF p. 57 |
| Total assetsSingapore dollars thousands | 228,964 | 234,806 | 36,100 | 56,677 | PDF p. 57 |
| EQUITY AND LIABILITIES Equity attributable to owners of the parent Share capitalSingapore dollars thousands | 24,864 | 24,864 | 24,864 | 24,864 | PDF p. 57 Label p. 57 |
| Treasury sharesSingapore dollars thousands | (605) | (331) | (605) | (331) | PDF p. 57 |
| Retained earningsSingapore dollars thousands | 116,654 | 104,935 | 593 | 4,822 | PDF p. 57 |
| Other reservesSingapore dollars thousands | 633 | 335 | – | – | PDF p. 57 |
| Total equitySingapore dollars thousands | 141,546 | 129,803 | 24,852 | 29,355 | PDF p. 57 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 2,002 | 2,285 | 43 | 43 | PDF p. 57 |
| Loans and borrowingsSingapore dollars thousands | 3,686 | 5,774 | 3,686 | 5,774 | PDF p. 57 |
| Financial liabilities – lease liabilitiesSingapore dollars thousands | 5,008 | 5,205 | 1,482 | 1,525 | PDF p. 57 |
| Total non-current liabilitiesSingapore dollars thousands | 10,696 | 13,264 | 5,211 | 7,342 | PDF p. 57 |
| Current liabilities | |||||
| ProvisionsSingapore dollars thousands | 1,931 | 1,617 | – | – | PDF p. 57 |
| Income tax payableSingapore dollars thousands | 3,342 | 2,937 | 93 | 110 | PDF p. 57 |
| Loans and borrowingsSingapore dollars thousands | 33,994 | 54,006 | 2,471 | 16,478 | PDF p. 57 |
| Financial liabilities – lease liabilitiesSingapore dollars thousands | 981 | 549 | 36 | 36 | PDF p. 57 |
| Trade payablesSingapore dollars thousands | 34,735 | 28,719 | 3,437 | 3,356 | PDF p. 57 |
| Other non-fi nancial liabilitiesSingapore dollars thousands | 1,739 | 3,911 | – | – | PDF p. 57 |
| Total current liabilitiesSingapore dollars thousands | 76,722 | 91,739 | 6,037 | 19,980 | PDF p. 57 |
| Total liabilitiesSingapore dollars thousands | 87,418 | 105,003 | 11,248 | 27,322 | PDF p. 57 |
| Total equity and liabilitiesSingapore dollars thousands | 228,964 | 234,806 | 36,100 | 56,677 | PDF p. 57 |
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Definitions & sources
Original report: PDF p. 57 ↗
Group income / comprehensive income — FY2025 source
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group income / comprehensive income — FY2025 source | |||
| RevenueSingapore dollars thousands | 153,283 | 158,386 | PDF p. 56 |
| Cost of salesSingapore dollars thousands | (112,809) | (121,712) | PDF p. 56 |
| Gross profi tSingapore dollars thousands | 40,474 | 36,674 | PDF p. 56 |
| Other income and gainsSingapore dollars thousands | 1,268 | 3,851 | PDF p. 56 |
| Distribution costsSingapore dollars thousands | (1,495) | (1,256) | PDF p. 56 |
| Administrative expensesSingapore dollars thousands | (14,770) | (14,590) | PDF p. 56 |
| Finance costsSingapore dollars thousands | (1,521) | (3,859) | PDF p. 56 |
| Other lossesSingapore dollars thousands | (1,437) | (637) | PDF p. 56 |
| Profi t before taxSingapore dollars thousands | 22,519 | 20,183 | PDF p. 56 |
| Income tax expenseSingapore dollars thousands | (3,497) | (2,670) | PDF p. 56 |
| Profi t for the yearSingapore dollars thousands | 19,022 | 17,513 | PDF p. 56 |
| Items that may be reclassifi ed subsequently to profi t or loss: | |||
| Exchange differences on translating foreign operations, net of taxSingapore dollars thousands | (128) | 794 | PDF p. 56 |
| Other comprehensive (loss) income for the year, net of taxSingapore dollars thousands | (128) | 794 | PDF p. 56 |
| Total comprehensive income for the yearSingapore dollars thousands | 18,894 | 18,307 | PDF p. 56 |
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Definitions & sources
Original report: PDF p. 56 ↗
Group basic / diluted EPS — FY2025 source
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Earnings per share currency unit | |||
| Basic and dilutedSingapore cents per share | 4.8 | 4.4 | PDF p. 56 |
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Definitions & sources
Original report: PDF p. 56 ↗
Group changes in equity — FY2025 source / ending2025
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group — Total equity | 2025Group — Share capital | 2025Group — Treasury shares | 2025Group — Retained earnings | 2025Group — Other reserves | Source |
|---|---|---|---|---|---|---|
| Group changes in equity — FY2025 source | ||||||
| Group: Current year: Opening balance at 1 January 2025Singapore dollars thousands | 129,803 | 24,864 | (331) | 104,935 | 335 | PDF p. 58 Label p. 58 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 18,894 | – | – | 19,022 | (128) | PDF p. 58 Label p. 58 |
| Transferred from retained earnings (Note 24B)Singapore dollars thousands | – | – | – | (426) | 426 | PDF p. 58 Label p. 58 |
| Dividends paid (Note 12)Singapore dollars thousands | (6,877) | – | – | (6,877) | – | PDF p. 58 |
| Purchase of treasury shares (Note 23)Singapore dollars thousands | (274) | – | (274) | – | – | PDF p. 58 |
| Closing balance at 31 December 2025Singapore dollars thousands | 141,546 | 24,864 | (605) | 116,654 | 633 | PDF p. 58 |
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Definitions & sources
Original report: PDF p. 58 ↗
Group changes in equity — FY2025 source / ending2024
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group — Total equity | 2024Group — Share capital | 2024Group — Treasury shares | 2024Group — Retained earnings | 2024Group — Other reserves | Source |
|---|---|---|---|---|---|---|
| Group changes in equity — FY2025 source | ||||||
| Previous year: Opening balance at 1 January 2024Singapore dollars thousands | 117,471 | 24,864 | (112) | 93,299 | (580) | PDF p. 58 Label p. 58 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 18,307 | – | – | 17,513 | 794 | PDF p. 58 Label p. 58 |
| Transferred from retained earnings (Note 24B)Singapore dollars thousands | – | – | – | (121) | 121 | PDF p. 58 Label p. 58 |
| Dividends paid (Note 12)Singapore dollars thousands | (5,756) | – | – | (5,756) | – | PDF p. 58 |
| Purchase of treasury shares (Note 23)Singapore dollars thousands | (219) | – | (219) | – | – | PDF p. 58 |
| Closing balance at 31 December 2024Singapore dollars thousands | 129,803 | 24,864 | (331) | 104,935 | 335 | PDF p. 58 |
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Definitions & sources
Original report: PDF p. 58 ↗
Company changes in equity — FY2025 source / ending2025
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company — Total equity | 2025Company — Share capital | 2025Company — Treasury shares | 2025Company — Retained earnings | Source |
|---|---|---|---|---|---|
| Company changes in equity — FY2025 source | |||||
| Company: Current year: Opening balance at 1 January 2025Singapore dollars thousands | 29,355 | 24,864 | (331) | 4,822 | PDF p. 58 Label p. 58 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 2,648 | – | – | 2,648 | PDF p. 58 Label p. 58 |
| Dividends paid (Note 12)Singapore dollars thousands | (6,877) | – | – | (6,877) | PDF p. 58 |
| Purchase of treasury shares (Note 23)Singapore dollars thousands | (274) | – | (274) | – | PDF p. 58 |
| Closing balance at 31 December 2025Singapore dollars thousands | 24,852 | 24,864 | (605) | 593 | PDF p. 58 |
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Definitions & sources
Original report: PDF p. 58 ↗
Company changes in equity — FY2025 source / ending2024
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Company — Total equity | 2024Company — Share capital | 2024Company — Treasury shares | 2024Company — Retained earnings | Source |
|---|---|---|---|---|---|
| Company changes in equity — FY2025 source | |||||
| Previous year: Opening balance at 1 January 2024Singapore dollars thousands | 25,707 | 24,864 | (112) | 955 | PDF p. 58 Label p. 58 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 9,623 | – | – | 9,623 | PDF p. 58 Label p. 58 |
| Dividends paid (Note 12)Singapore dollars thousands | (5,756) | – | – | (5,756) | PDF p. 58 |
| Purchase of treasury shares (Note 23)Singapore dollars thousands | (219) | – | (219) | – | PDF p. 58 |
| Closing balance at 31 December 2024Singapore dollars thousands | 29,355 | 24,864 | (331) | 4,822 | PDF p. 58 |
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Definitions & sources
Original report: PDF p. 58 ↗
Group cash flows — FY2025 source
36 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash fl ows from operating activities | |||
| Profi t before taxSingapore dollars thousands | 22,519 | 20,183 | PDF p. 59 |
| Adjustments for: | |||
| Interest expenseSingapore dollars thousands | 1,521 | 3,859 | PDF p. 59 |
| Interest incomeSingapore dollars thousands | (663) | (1,303) | PDF p. 59 |
| Loss (gain) on disposal of plant and equipmentSingapore dollars thousands | 4 | (6) | PDF p. 59 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | 3,983 | 4,038 | PDF p. 59 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 912 | 1,324 | PDF p. 59 |
| Amortisation of intangible assetsSingapore dollars thousands | 477 | 477 | PDF p. 59 |
| Foreign exchange adjustments unrealised losses (gains)Singapore dollars thousands | 1,276 | (1,127) | PDF p. 59 |
| Operating cash fl ows before changes in working capitalSingapore dollars thousands | 30,029 | 27,445 | PDF p. 59 |
| InventoriesSingapore dollars thousands | (2,541) | 4,534 | PDF p. 59 |
| Trade receivablesSingapore dollars thousands | 2,689 | 2,432 | PDF p. 59 |
| Other assetsSingapore dollars thousands | (660) | (9,211) | PDF p. 59 |
| ProvisionsSingapore dollars thousands | 314 | 84 | PDF p. 59 |
| Trade payablesSingapore dollars thousands | 6,016 | (2,411) | PDF p. 59 |
| Other non-fi nancial liabilitiesSingapore dollars thousands | (2,172) | (815) | PDF p. 59 |
| Net cash fl ows from operationsSingapore dollars thousands | 33,675 | 22,058 | PDF p. 59 |
| Income taxes paidSingapore dollars thousands | (3,480) | (3,727) | PDF p. 59 |
| Net cash fl ows from operating activitiesSingapore dollars thousands | 30,195 | 18,331 | PDF p. 59 |
| Cash fl ows from (used in) investing activities | |||
| Other payables due to previous shareholders of Avon Industries Pte LtdSingapore dollars thousands | – | (2,500) | PDF p. 59 |
| Decrease in other fi nancial assetsSingapore dollars thousands | 1,472 | – | PDF p. 59 |
| Purchase of property, plant and equipmentSingapore dollars thousands | (1,028) | (1,997) | PDF p. 59 |
| Disposal of property, plant and equipmentSingapore dollars thousands | 66 | 103 | PDF p. 59 |
| Interest receivedSingapore dollars thousands | 663 | 1,303 | PDF p. 59 |
| Net cash fl ows from (used in) investing activitiesSingapore dollars thousands | 1,173 | (3,091) | PDF p. 59 |
| Cash fl ows used in fi nancing activities Dividends paid to equity ownersSingapore dollars thousands | (6,877) | (5,756) | PDF p. 59 Label p. 59 |
| Increase in loans and borrowingsSingapore dollars thousands | – | 8,000 | PDF p. 59 |
| Cash restricted in useSingapore dollars thousands | – | 643 | PDF p. 59 |
| Interest paidSingapore dollars thousands | (1,349) | (3,656) | PDF p. 59 |
| Lease liabilities – principal and interest portion paidSingapore dollars thousands | (1,049) | (1,452) | PDF p. 59 |
| Loans and borrowings paidSingapore dollars thousands | (22,100) | (44,209) | PDF p. 59 |
| Purchase of treasury sharesSingapore dollars thousands | (274) | (219) | PDF p. 59 |
| Net cash fl ows used in fi nancing activitiesSingapore dollars thousands | (31,649) | (46,649) | PDF p. 59 |
| Net decrease in cash and cash equivalentsSingapore dollars thousands | (281) | (31,409) | PDF p. 59 |
| Effects of exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands | (1,355) | 1,755 | PDF p. 59 Label p. 59 |
| Cash and cash equivalents, statement of cash fl ows, beginning balanceSingapore dollars thousands | 43,442 | 73,096 | PDF p. 59 |
| Cash and cash equivalents, statement of cash fl ows, ending balance (Note 22)Singapore dollars thousands | 41,806 | 43,442 | PDF p. 59 Label p. 59 |
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Definitions & sources
Original report: PDF p. 59 ↗
Financial highlights and investment scorecard
12 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Original financial highlights and investment scorecard | |||
| RevenueSingapore dollars million | 153.3 | 158.4 | PDF p. 18 |
| Net Asset Value Per ShareSingapore cents per share | 35.5 | 32.5 | PDF p. 18 |
| EBITDASingapore dollars million | 28.7 | 28.6 | PDF p. 18 |
| Net ProfitSingapore dollars million | 19.0 | 17.5 | PDF p. 18 |
| Earnings Per ShareSingapore cents per share | 4.8 | 4.4 | PDF p. 18 |
| Order Book as at 31 December 2025Singapore dollars million | 201.9 | 201.6 | PDF p. 18 |
| Market Capitalisation³ as at 31 December 2025Singapore dollars million | 165 | 138 | PDF p. 18 |
| RETURN ON ASSET³% | 6 | 5 | PDF p. 18 |
| RETURN ON INVESTED CAPITAL¹% | 22 | 20 | PDF p. 18 |
| TOTAL DEBT TO EQUITY² ³% | 31 | 50 | PDF p. 18 |
| RETURN ON EQUITY³% | 14 | 14 | PDF p. 18 |
| NET PROFIT CAGR FROM FY2020 TO FY2025% | 29 | 34 | PDF p. 18 |
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Definitions & sources
Original report: PDF p. 18 ↗
Original issuer scorecard. Market capitalisation, return on assets, debt/equity and return on equity carry footnote3: FY2024YahooFinance andFY2025Bloomberg. These are source-reported scorecard measures, not newly calculated audited statement lines. CAGR periods startFY2020 and endFY2025/FY2024 respectively.
Net cash / (net debt) — FY2025 source
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2015Group | 2016Group | 2017Group | 2018Group | 2019Group | 2020Group | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Original balance-sheet chart | ||||||||||||
| Net cash / (net debt)Singapore dollars million | 3.4 | 4.2 | -6.9 | -9.6 | -0.9 | 11.6 | 15.1 | -16.2 | -22.3 | -16.3 | 4.1 | PDF p. 24 |
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Definitions & sources
Original report: PDF p. 24 ↗
Net cash values are positive and net debt values retain original negative signs. Gearing is printed only for debt years; unprinted cash-year ratios are not replaced by zeros.
Net gearing — explicitly printed debt-year points — FY2025 source
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2017Group | 2018Group | 2019Group | 2022Group | 2023Group | 2024Group | Source |
|---|---|---|---|---|---|---|---|
| Original balance-sheet chart | |||||||
| Net gearing — explicitly printed debt-year points% | 9 | 12 | 1 | 15 | 19 | 13 | PDF p. 24 |
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Definitions & sources
Original report: PDF p. 24 ↗
Net cash values are positive and net debt values retain original negative signs. Gearing is printed only for debt years; unprinted cash-year ratios are not replaced by zeros.
Paid dividend rate — Note12
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Dividends paid during the year — Note12 | |||
| Final tax exempt (one-tier) dividend paidSingapore cents per share | 0.899 | 0.588 | PDF p. 82 |
| Interim tax exempt (one-tier) dividend paidSingapore cents per share | 0.828 | 0.853 | PDF p. 82 |
| Total dividends paid in the yearSingapore cents per share | 1.727 | 1.441 | PDF p. 82 |
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Definitions & sources
Original report: PDF p. 82 ↗
Paid dividend amount — Note12
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Dividends paid during the year — Note12 | |||
| Final tax exempt (one-tier) dividend paidSingapore dollars thousands | 3,581 | 2,350 | PDF p. 82 |
| Interim tax exempt (one-tier) dividend paidSingapore dollars thousands | 3,296 | 3,406 | PDF p. 82 |
| Total dividends paid in the yearSingapore dollars thousands | 6,877 | 5,756 | PDF p. 82 |
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Definitions & sources
Original report: PDF p. 82 ↗
Proposed final dividend after reporting date — Note12
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group and Company; annual-report proposal | Source |
|---|---|---|
| Subsequent proposed dividend | ||
| Proposed final dividend rateSingapore cents per share | 1.0745 | PDF p. 82 |
| Approximate proposed final dividend totalSingapore dollars | 4,279,000 | PDF p. 82 |
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Definitions & sources
Original report: PDF p. 82 ↗
Source describes shareholder approval at29April2026AGM and no recognised liability at31December2025. This is the report’s proposal disclosure, not a claim that approval remains pending today.
Group / Company financial position — FY2023 source
32 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | 2023Company | 2022Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSingapore dollars thousands | 43,683 | 47,601 | 5,507 | 5,757 | PDF p. 55 |
| Right-of-use assetsSingapore dollars thousands | 5,749 | 5,514 | 1,499 | 1,557 | PDF p. 55 |
| GoodwillSingapore dollars thousands | 40,421 | 40,421 | – | – | PDF p. 55 |
| Intangible assetsSingapore dollars thousands | 3,009 | 3,487 | – | – | PDF p. 55 |
| Investments in subsidiariesSingapore dollars thousands | – | – | 1,350 | 1,350 | PDF p. 55 |
| Deferred tax assetsSingapore dollars thousands | 1,171 | 1,703 | – | – | PDF p. 55 |
| Other fi nancial assets, non-currentSingapore dollars thousands | 1,472 | – | – | – | PDF p. 55 |
| Total non-current assetsSingapore dollars thousands | 95,505 | 98,726 | 8,356 | 8,664 | PDF p. 55 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 21,862 | 19,440 | – | – | PDF p. 55 |
| Trade and other receivablesSingapore dollars thousands | 48,219 | 39,389 | 10,753 | 18,652 | PDF p. 55 |
| Other assetsSingapore dollars thousands | 26,260 | 24,339 | 935 | 685 | PDF p. 55 |
| Cash and cash equivalentsSingapore dollars thousands | 73,739 | 55,915 | 28,741 | 22,502 | PDF p. 55 |
| Total current assetsSingapore dollars thousands | 170,080 | 139,083 | 40,429 | 41,839 | PDF p. 55 |
| Total assetsSingapore dollars thousands | 265,585 | 237,809 | 48,785 | 50,503 | PDF p. 55 |
| EQUITY AND LIABILITIES Equity attributable to owners of the parent Share capitalSingapore dollars thousands | 24,864 | 24,864 | 24,864 | 24,864 | PDF p. 55 Label p. 55 |
| Treasury sharesSingapore dollars thousands | (112) | (112) | (112) | (112) | PDF p. 55 |
| Retained earningsSingapore dollars thousands | 93,299 | 84,945 | 955 | 8,900 | PDF p. 55 |
| Other reservesSingapore dollars thousands | (580) | 319 | – | – | PDF p. 55 |
| Total equitySingapore dollars thousands | 117,471 | 110,016 | 25,707 | 33,652 | PDF p. 55 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesSingapore dollars thousands | 2,433 | 2,818 | 43 | 43 | PDF p. 55 |
| Loans and borrowingsSingapore dollars thousands | 3,785 | 16,781 | 2,119 | 3,803 | PDF p. 55 |
| Financial liabilities – lease liabilitiesSingapore dollars thousands | 5,524 | 5,657 | 1,566 | 1,607 | PDF p. 55 |
| Total non-current liabilitiesSingapore dollars thousands | 11,742 | 25,256 | 3,728 | 5,453 | PDF p. 55 |
| Current liabilities | |||||
| ProvisionsSingapore dollars thousands | 1,533 | 1,232 | – | – | PDF p. 55 |
| Income tax payableSingapore dollars thousands | 3,672 | 2,388 | 116 | 147 | PDF p. 55 |
| Loans and borrowingsSingapore dollars thousands | 92,204 | 55,326 | 16,456 | 8,256 | PDF p. 55 |
| Financial liabilities – lease liabilitiesSingapore dollars thousands | 607 | 219 | 36 | 36 | PDF p. 55 |
| Trade and other payablesSingapore dollars thousands | 33,630 | 35,465 | 2,742 | 2,959 | PDF p. 55 |
| Other non-fi nancial liabilitiesSingapore dollars thousands | 4,726 | 7,907 | – | – | PDF p. 55 |
| Total current liabilitiesSingapore dollars thousands | 136,372 | 102,537 | 19,350 | 11,398 | PDF p. 55 |
| Total liabilitiesSingapore dollars thousands | 148,114 | 127,793 | 23,078 | 16,851 | PDF p. 55 |
| Total equity and liabilitiesSingapore dollars thousands | 265,585 | 237,809 | 48,785 | 50,503 | PDF p. 55 |
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Definitions & sources
Original report: PDF p. 55 ↗
Group income / comprehensive income — FY2023 source
20 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Group income / comprehensive income — FY2023 source | |||
| RevenueSingapore dollars thousands | 160,644 | 162,758 | PDF p. 54 |
| Cost of salesSingapore dollars thousands | (124,232) | (117,012) | PDF p. 54 |
| Gross profi tSingapore dollars thousands | 36,412 | 45,746 | PDF p. 54 |
| Other income and gainsSingapore dollars thousands | 5,162 | 3,018 | PDF p. 54 |
| Distribution costsSingapore dollars thousands | (1,705) | (1,640) | PDF p. 54 |
| Administrative expensesSingapore dollars thousands | (15,616) | (21,316) | PDF p. 54 |
| Finance costsSingapore dollars thousands | (3,586) | (2,022) | PDF p. 54 |
| Other lossesSingapore dollars thousands | (1,095) | (1,422) | PDF p. 54 |
| Profi t before taxSingapore dollars thousands | 19,572 | 22,364 | PDF p. 54 |
| Income tax expenseSingapore dollars thousands | (3,595) | (1,511) | PDF p. 54 |
| Profi t for the yearSingapore dollars thousands | 15,977 | 20,853 | PDF p. 54 |
| Items that may be reclassifi ed subsequently to profi t or loss: | |||
| Exchange differences on translating foreign operations, net of taxSingapore dollars thousands | (899) | (1,039) | PDF p. 54 |
| Other comprehensive loss for the year, net of tax:Singapore dollars thousands | (899) | (1,039) | PDF p. 54 |
| Total comprehensive income for the yearSingapore dollars thousands | 15,078 | 19,814 | PDF p. 54 |
| Profi t attributable to owners of the parent, net of taxSingapore dollars thousands | 15,977 | 20,673 | PDF p. 54 |
| Profi t attributable to non-controlling interests, net of taxSingapore dollars thousands | – | 180 | PDF p. 54 |
| Profi t, net of taxSingapore dollars thousands | 15,977 | 20,853 | PDF p. 54 |
| Total comprehensive income attributable to owners of the parentSingapore dollars thousands | 15,078 | 19,634 | PDF p. 54 |
| Total comprehensive income attributable to non-controlling interestsSingapore dollars thousands | – | 180 | PDF p. 54 |
| Total comprehensive incomeSingapore dollars thousands | 15,078 | 19,814 | PDF p. 54 |
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Definitions & sources
Original report: PDF p. 54 ↗
Group basic / diluted EPS — FY2023 source
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Earnings per share currency unit | |||
| Basic and dilutedSingapore cents per share | 4.0 | 5.3 | PDF p. 54 |
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Definitions & sources
Original report: PDF p. 54 ↗
Group changes in equity — FY2023 source / ending2023
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group — Total equity | 2023Group — Attributable to parent subtotal | 2023Group — Share capital | 2023Group — Treasury shares | 2023Group — Retained earnings | 2023Group — Other reserves | 2023Group — Non-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2023 source | ||||||||
| Group: Current period: Opening balance at 1 January 2023Singapore dollars thousands | 110,016 | 110,016 | 24,864 | (112) | 84,945 | 319 | – | PDF p. 56 Label p. 56 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 15,078 | 15,078 | – | – | 15,977 | (899) | – | PDF p. 56 Label p. 56 |
| Dividends paid (Note 12)Singapore dollars thousands | (7,623) | (7,623) | – | – | (7,623) | – | – | PDF p. 56 |
| Closing balance at 31 December 2023Singapore dollars thousands | 117,471 | 117,471 | 24,864 | (112) | 93,299 | (580) | – | PDF p. 56 Label p. 56 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 56 ↗
Group changes in equity — FY2023 source / ending2022
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Group — Total equity | 2022Group — Attributable to parent subtotal | 2022Group — Share capital | 2022Group — Treasury shares | 2022Group — Retained earnings | 2022Group — Other reserves | 2022Group — Non-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Group changes in equity — FY2023 source | ||||||||
| Previous period: Opening balance at 1 January 2022Singapore dollars thousands | 97,635 | 97,635 | 22,439 | (2,614) | 76,994 | 816 | – | PDF p. 56 Label p. 56 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 19,814 | 19,634 | – | – | 20,673 | (1,039) | 180 | PDF p. 56 Label p. 56 |
| Transfer from retained earnings (Note 24B)Singapore dollars thousands | – | – | – | – | (542) | 542 | – | PDF p. 56 Label p. 56 |
| Acquisition of subsidiaries (Note 29)Singapore dollars thousands | 13,180 | – | – | – | – | – | 13,180 | PDF p. 56 Label p. 56 |
| Acquisition of non-controlling interest without a change in control (Note 29)Singapore dollars thousands | (17,946) | (4,586) | – | – | (4,586) | – | (13,360) | PDF p. 56 Label p. 56 |
| Dividends paid (Note 12)Singapore dollars thousands | (7,594) | (7,594) | – | – | (7,594) | – | – | PDF p. 56 |
| Purchase of treasury shares (Note 23)Singapore dollars thousands | (112) | (112) | – | (112) | – | – | – | PDF p. 56 Label p. 56 |
| Sale of treasury shares (Note 23)Singapore dollars thousands | 5,039 | 5,039 | 2,425 | 2,614 | – | – | – | PDF p. 56 Label p. 56 |
| Closing balance at 31 December 2022Singapore dollars thousands | 110,016 | 110,016 | 24,864 | (112) | 84,945 | 319 | – | PDF p. 56 Label p. 56 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 56 ↗
Company changes in equity — FY2023 source / ending2023
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Company — Total equity | 2023Company — Share capital | 2023Company — Treasury shares | 2023Company — Retained earnings | Source |
|---|---|---|---|---|---|
| Company changes in equity — FY2023 source | |||||
| Company: Current year: Opening balance at 1 January 2023Singapore dollars thousands | 33,652 | 24,864 | (112) | 8,900 | PDF p. 57 Label p. 57 |
| Changes in equity: Total comprehensive loss for the yearSingapore dollars thousands | (322) | – | – | (322) | PDF p. 57 Label p. 57 |
| Dividends paid (Note 12)Singapore dollars thousands | (7,623) | – | – | (7,623) | PDF p. 57 |
| Closing balance at 31 December 2023Singapore dollars thousands | 25,707 | 24,864 | (112) | 955 | PDF p. 57 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 57 ↗
Company changes in equity — FY2023 source / ending2022
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2022Company — Total equity | 2022Company — Share capital | 2022Company — Treasury shares | 2022Company — Retained earnings | Source |
|---|---|---|---|---|---|
| Company changes in equity — FY2023 source | |||||
| Previous year: Opening balance at 1 January 2022Singapore dollars thousands | 35,611 | 22,439 | (2,614) | 15,786 | PDF p. 57 Label p. 57 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 708 | – | – | 708 | PDF p. 57 Label p. 57 |
| Dividends paid (Note 12)Singapore dollars thousands | (7,594) | – | – | (7,594) | PDF p. 57 |
| Purchase of treasury shares (Note 23)Singapore dollars thousands | (112) | – | (112) | – | PDF p. 57 |
| Sale of treasury shares (Note 23)Singapore dollars thousands | 5,039 | 2,425 | 2,614 | – | PDF p. 57 |
| Closing balance at 31 December 2022Singapore dollars thousands | 33,652 | 24,864 | (112) | 8,900 | PDF p. 57 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 57 ↗
Group cash flows — FY2023 source
40 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2023Group | 2022Group | Source |
|---|---|---|---|
| Cash fl ows from operating activities | |||
| Profi t before taxSingapore dollars thousands | 19,572 | 22,364 | PDF p. 58 |
| Adjustments for: | |||
| Interest expenseSingapore dollars thousands | 3,586 | 2,022 | PDF p. 58 |
| Interest incomeSingapore dollars thousands | (848) | (171) | PDF p. 58 |
| Negative goodwillSingapore dollars thousands | – | (1,120) | PDF p. 58 |
| Gain on disposal of plant and equipmentSingapore dollars thousands | (1,541) | (680) | PDF p. 58 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | 4,061 | 4,081 | PDF p. 58 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 609 | 257 | PDF p. 58 |
| Amortisation of intangible assetsSingapore dollars thousands | 478 | 3,051 | PDF p. 58 |
| Foreign exchange adjustments unrealised gainsSingapore dollars thousands | 405 | (488) | PDF p. 58 |
| Operating cash fl ows before changes in working capitalSingapore dollars thousands | 26,322 | 29,316 | PDF p. 58 |
| InventoriesSingapore dollars thousands | (737) | (3,055) | PDF p. 58 |
| Trade and other receivablesSingapore dollars thousands | (4,988) | (10,370) | PDF p. 58 |
| Other assetsSingapore dollars thousands | (1,365) | 12,220 | PDF p. 58 |
| ProvisionsSingapore dollars thousands | 301 | (1,196) | PDF p. 58 |
| Trade payablesSingapore dollars thousands | (1,914) | 2,788 | PDF p. 58 |
| Other non-fi nancial liabilitiesSingapore dollars thousands | (4,022) | 7,010 | PDF p. 58 |
| Net cash fl ows from operationsSingapore dollars thousands | 13,597 | 36,713 | PDF p. 58 |
| Income taxes paidSingapore dollars thousands | (2,303) | (1,712) | PDF p. 58 |
| Net cash fl ows from operating activitiesSingapore dollars thousands | 11,294 | 35,001 | PDF p. 58 |
| Cash fl ows from investing activities | |||
| Acquisition of subsidiaries (Note 29)Singapore dollars thousands | (1,243) | (37,204) | PDF p. 58 |
| Acquisition of non-controlling interest (Note 29)Singapore dollars thousands | – | (17,946) | PDF p. 58 |
| Other payables due to previous shareholders of Eratech Pte LtdSingapore dollars thousands | (3,000) | – | PDF p. 58 |
| Increase in key men insuranceSingapore dollars thousands | (1,472) | – | PDF p. 58 |
| Purchase of property, plant and equipmentSingapore dollars thousands | (1,118) | (879) | PDF p. 58 |
| Disposal of property, plant and equipmentSingapore dollars thousands | 783 | 3,318 | PDF p. 58 |
| Interest receivedSingapore dollars thousands | 848 | 171 | PDF p. 58 |
| Net cash fl ows used in investing activitiesSingapore dollars thousands | (5,202) | (52,540) | PDF p. 58 |
| Cash fl ows from fi nancing activities | |||
| Dividends paid to equity ownersSingapore dollars thousands | (7,623) | (7,594) | PDF p. 58 |
| Increase in loans and borrowingsSingapore dollars thousands | 39,379 | 26,614 | PDF p. 58 |
| Cash restricted in useSingapore dollars thousands | 2,881 | – | PDF p. 58 |
| Interest paidSingapore dollars thousands | (3,460) | (1,860) | PDF p. 58 |
| Lease liabilities – principal and interest portion paidSingapore dollars thousands | (722) | (403) | PDF p. 58 |
| Loans and borrowings paidSingapore dollars thousands | (15,497) | (26,146) | PDF p. 58 |
| Purchase of treasury sharesSingapore dollars thousands | – | (112) | PDF p. 58 |
| Sale of treasury sharesSingapore dollars thousands | – | 5,039 | PDF p. 58 |
| Net cash fl ows from (used in) fi nancing activitiesSingapore dollars thousands | 14,958 | (4,462) | PDF p. 58 |
| Net increase (decrease) in cash and cash equivalentsSingapore dollars thousands | 21,050 | (22,001) | PDF p. 58 |
| Effects of exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands | (988) | (302) | PDF p. 58 |
| Cash and cash equivalents, statement of cash fl ows, beginning balanceSingapore dollars thousands | 53,034 | 75,337 | PDF p. 58 |
| Cash and cash equivalents, statement of cash fl ows, ending balance (Note 22A)Singapore dollars thousands | 73,096 | 53,034 | PDF p. 58 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 58 ↗
Group / Company financial position — FY2021 source
32 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | 2021Company | 2020Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Property, plant and equipmentSingapore dollars thousands | 32,099 | 34,801 | 5,991 | 6,160 | PDF p. 56 |
| Right-of-use assetsSingapore dollars thousands | 3,109 | 3,281 | 1,615 | 1,672 | PDF p. 56 |
| GoodwillSingapore dollars thousands | 29,552 | 29,552 | – | – | PDF p. 56 |
| Intangible assetsSingapore dollars thousands | 55 | 360 | – | – | PDF p. 56 |
| Investments in subsidiariesSingapore dollars thousands | – | – | 1,350 | 1,350 | PDF p. 56 |
| Deferred tax assetsSingapore dollars thousands | 394 | – | – | – | PDF p. 56 |
| Total non-current assetsSingapore dollars thousands | 65,209 | 67,994 | 8,956 | 9,182 | PDF p. 56 |
| Current assets | |||||
| InventoriesSingapore dollars thousands | 14,542 | 11,195 | – | – | PDF p. 56 |
| Trade and other receivablesSingapore dollars thousands | 24,419 | 21,364 | 39,300 | 16,054 | PDF p. 56 |
| Other assetsSingapore dollars thousands | 12,759 | 9,984 | 1,019 | 2,385 | PDF p. 56 |
| Cash and cash equivalentsSingapore dollars thousands | 75,337 | 57,512 | 5,043 | 31,795 | PDF p. 56 |
| Total current assetsSingapore dollars thousands | 127,057 | 100,055 | 45,362 | 50,234 | PDF p. 56 |
| Total assetsSingapore dollars thousands | 192,266 | 168,049 | 54,318 | 59,416 | PDF p. 56 |
| EQUITY AND LIABILITIES Equity attributable to owners of the parent Share capitalSingapore dollars thousands | 22,439 | 22,439 | 22,439 | 22,439 | PDF p. 56 Label p. 56 |
| Treasury sharesSingapore dollars thousands | (2,614) | (2,374) | (2,614) | (2,374) | PDF p. 56 |
| Retained earningsSingapore dollars thousands | 76,994 | 68,326 | 15,786 | 20,220 | PDF p. 56 |
| Other reservesSingapore dollars thousands | 816 | 445 | – | – | PDF p. 56 |
| Total equitySingapore dollars thousands | 97,635 | 88,836 | 35,611 | 40,285 | PDF p. 56 |
| Non-current liabilities | |||||
| ProvisionsSingapore dollars thousands | 51 | 123 | – | – | PDF p. 56 |
| Deferred tax liabilitiesSingapore dollars thousands | 2,916 | 2,859 | 49 | 37 | PDF p. 56 |
| Loans and borrowingsSingapore dollars thousands | 2,575 | 5,836 | – | 1,261 | PDF p. 56 |
| Financial liabilities – lease liabilitiesSingapore dollars thousands | 3,157 | 3,369 | 1,644 | 1,679 | PDF p. 56 |
| Total non-current liabilitiesSingapore dollars thousands | 8,699 | 12,187 | 1,693 | 2,977 | PDF p. 56 |
| Current liabilities | |||||
| ProvisionsSingapore dollars thousands | 2,377 | 1,831 | – | – | PDF p. 56 |
| Income tax payableSingapore dollars thousands | 915 | 948 | 95 | 125 | PDF p. 56 |
| Loans and borrowingsSingapore dollars thousands | 57,687 | 40,037 | 14,511 | 14,500 | PDF p. 56 |
| Financial liabilities – lease liabilitiesSingapore dollars thousands | 226 | 319 | 37 | 37 | PDF p. 56 |
| Trade payablesSingapore dollars thousands | 23,830 | 22,987 | 2,371 | 1,492 | PDF p. 56 |
| Other non-financial liabilitiesSingapore dollars thousands | 897 | 904 | – | – | PDF p. 56 |
| Total current liabilitiesSingapore dollars thousands | 85,932 | 67,026 | 17,014 | 16,154 | PDF p. 56 |
| Total liabilitiesSingapore dollars thousands | 94,631 | 79,213 | 18,707 | 19,131 | PDF p. 56 |
| Total equity and liabilitiesSingapore dollars thousands | 192,266 | 168,049 | 54,318 | 59,416 | PDF p. 56 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 56 ↗
Group income / comprehensive income — FY2021 source
16 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Group income / comprehensive income — FY2021 source | |||
| RevenueSingapore dollars thousands | 103,065 | 80,794 | PDF p. 55 |
| Cost of salesSingapore dollars thousands | (75,267) | (62,831) | PDF p. 55 |
| Gross profitSingapore dollars thousands | 27,798 | 17,963 | PDF p. 55 |
| Other income and gainsSingapore dollars thousands | 1,623 | 3,796 | PDF p. 55 |
| Distribution costsSingapore dollars thousands | (775) | (721) | PDF p. 55 |
| Administrative expensesSingapore dollars thousands | (13,316) | (13,703) | PDF p. 55 |
| Finance costsSingapore dollars thousands | (567) | (1,021) | PDF p. 55 |
| Other lossesSingapore dollars thousands | (287) | (416) | PDF p. 55 |
| Profit before taxSingapore dollars thousands | 14,476 | 5,898 | PDF p. 55 |
| Income tax expenseSingapore dollars thousands | (600) | (416) | PDF p. 55 |
| Profit for the yearSingapore dollars thousands | 13,876 | 5,482 | PDF p. 55 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Exchange differences on translating foreign operations, net of taxSingapore dollars thousands | 371 | 458 | PDF p. 55 |
| Other comprehensive income for the year, net of tax:Singapore dollars thousands | 371 | 458 | PDF p. 55 |
| Total comprehensive income for the yearSingapore dollars thousands | 14,247 | 5,940 | PDF p. 55 |
| Profit attributable to owners of the parent, net of taxSingapore dollars thousands | 13,876 | 5,482 | PDF p. 55 |
| Total comprehensive income attributable to owners of the parentSingapore dollars thousands | 14,247 | 5,940 | PDF p. 55 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 55 ↗
Group basic / diluted EPS — FY2021 source
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Earnings per share currency unit | |||
| Basic and dilutedSingapore cents per share | 3.6 | 1.4 | PDF p. 55 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 55 ↗
Group changes in equity — FY2021 source / ending2021
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group — Total equity | 2021Group — Share capital | 2021Group — Treasury shares | 2021Group — Retained earnings | 2021Group — Other reserves | Source |
|---|---|---|---|---|---|---|
| Group changes in equity — FY2021 source | ||||||
| Group : Current year: Opening balance at 1 January 2021Singapore dollars thousands | 88,836 | 22,439 | (2,374) | 68,326 | 445 | PDF p. 57 Label p. 57 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 14,247 | – | – | 13,876 | 371 | PDF p. 57 Label p. 57 |
| Dividends paid (Note 12)Singapore dollars thousands | (5,208) | – | – | (5,208) | – | PDF p. 57 |
| Purchase of treasury shares (Note 22)Singapore dollars thousands | (240) | – | (240) | – | – | PDF p. 57 |
| Closing balance at 31 December 2021Singapore dollars thousands | 97,635 | 22,439 | (2,614) | 76,994 | 816 | PDF p. 57 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 57 ↗
Group changes in equity — FY2021 source / ending2020
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020Group — Total equity | 2020Group — Share capital | 2020Group — Treasury shares | 2020Group — Retained earnings | 2020Group — Other reserves | Source |
|---|---|---|---|---|---|---|
| Group changes in equity — FY2021 source | ||||||
| Previous year: Opening balance at 1 January 2020Singapore dollars thousands | 85,898 | 22,439 | (1,736) | 65,208 | (13) | PDF p. 57 Label p. 57 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 5,940 | – | – | 5,482 | 458 | PDF p. 57 Label p. 57 |
| Dividends paid (Note 12)Singapore dollars thousands | (2,364) | – | – | (2,364) | – | PDF p. 57 |
| Purchase of treasury shares (Note 22)Singapore dollars thousands | (638) | – | (638) | – | – | PDF p. 57 |
| Closing balance at 31 December 2020Singapore dollars thousands | 88,836 | 22,439 | (2,374) | 68,326 | 445 | PDF p. 57 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 57 ↗
Company changes in equity — FY2021 source / ending2021
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Company — Total equity | 2021Company — Share capital | 2021Company — Treasury shares | 2021Company — Retained earnings | Source |
|---|---|---|---|---|---|
| Company changes in equity — FY2021 source | |||||
| Company: Current year: Opening balance at 1 January 2021Singapore dollars thousands | 40,285 | 22,439 | (2,374) | 20,220 | PDF p. 57 Label p. 57 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 774 | – | – | 774 | PDF p. 57 Label p. 57 |
| Dividends paid (Note 12)Singapore dollars thousands | (5,208) | – | – | (5,208) | PDF p. 57 |
| Purchase of treasury share (Note 22)Singapore dollars thousands | (240) | – | (240) | – | PDF p. 57 |
| Closing balance at 31 December 2021Singapore dollars thousands | 35,611 | 22,439 | (2,614) | 15,786 | PDF p. 57 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 57 ↗
Company changes in equity — FY2021 source / ending2020
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2020Company — Total equity | 2020Company — Share capital | 2020Company — Treasury shares | 2020Company — Retained earnings | Source |
|---|---|---|---|---|---|
| Company changes in equity — FY2021 source | |||||
| Previous year: Opening balance at 1 January 2020Singapore dollars thousands | 42,382 | 22,439 | (1,736) | 21,679 | PDF p. 57 Label p. 57 |
| Changes in equity: Total comprehensive income for the yearSingapore dollars thousands | 905 | – | – | 905 | PDF p. 57 Label p. 57 |
| Dividends paid (Note 12)Singapore dollars thousands | (2,364) | – | – | (2,364) | PDF p. 57 |
| Purchase of treasury share (Note 22)Singapore dollars thousands | (638) | – | (638) | – | PDF p. 57 |
| Closing balance at 31 December 2020Singapore dollars thousands | 40,285 | 22,439 | (2,374) | 20,220 | PDF p. 57 |
No matching metrics in this statement. Try another term or clear the search.
Definitions & sources
Original report: PDF p. 57 ↗
Group cash flows — FY2021 source
33 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2021Group | 2020Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before taxSingapore dollars thousands | 14,476 | 5,898 | PDF p. 58 |
| Adjustments for: | |||
| Interest expenseSingapore dollars thousands | 567 | 1,021 | PDF p. 58 |
| Interest incomeSingapore dollars thousands | (89) | (222) | PDF p. 58 |
| (Gain) / loss on disposal of plant and equipmentSingapore dollars thousands | (42) | 219 | PDF p. 58 |
| Depreciation of property, plant and equipmentSingapore dollars thousands | 3,540 | 4,825 | PDF p. 58 |
| Depreciation of right-of-use assetsSingapore dollars thousands | 172 | 189 | PDF p. 58 |
| Amortisation of intangible assetsSingapore dollars thousands | 305 | 305 | PDF p. 58 |
| Foreign exchange adjustments unrealised (gains) / lossesSingapore dollars thousands | (168) | 729 | PDF p. 58 |
| Operating cash flows before changes in working capitalSingapore dollars thousands | 18,761 | 12,964 | PDF p. 58 |
| InventoriesSingapore dollars thousands | (3,347) | 850 | PDF p. 58 |
| Trade and other receivablesSingapore dollars thousands | (3,055) | 2,247 | PDF p. 58 |
| Other assetsSingapore dollars thousands | (2,775) | 361 | PDF p. 58 |
| ProvisionsSingapore dollars thousands | 474 | (322) | PDF p. 58 |
| Trade payablesSingapore dollars thousands | 843 | 3,376 | PDF p. 58 |
| Other non-financial liabilitiesSingapore dollars thousands | (7) | 117 | PDF p. 58 |
| Net cash flows from operationsSingapore dollars thousands | 10,894 | 19,593 | PDF p. 58 |
| Income taxes paidSingapore dollars thousands | (970) | (1,619) | PDF p. 58 |
| Net cash flows from operating activitiesSingapore dollars thousands | 9,924 | 17,974 | PDF p. 58 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (723) | (876) | PDF p. 58 |
| Disposal of property, plant and equipmentSingapore dollars thousands | 59 | 31 | PDF p. 58 |
| Interest receivedSingapore dollars thousands | 89 | 222 | PDF p. 58 |
| Net cash flows used in investing activitiesSingapore dollars thousands | (575) | (623) | PDF p. 58 |
| Cash flows from financing activities | |||
| Dividends paid to equity ownersSingapore dollars thousands | (5,208) | (2,364) | PDF p. 58 |
| Increase in loans and borrowingsSingapore dollars thousands | 18,530 | 13,000 | PDF p. 58 |
| Interest paidSingapore dollars thousands | (467) | (794) | PDF p. 58 |
| Lease liabilities – principal and interest portion paidSingapore dollars thousands | (405) | (467) | PDF p. 58 |
| Loans and borrowings paidSingapore dollars thousands | (4,141) | (11,196) | PDF p. 58 |
| Purchase of treasury sharesSingapore dollars thousands | (240) | (638) | PDF p. 58 |
| Net cash flows from / (used in) financing activitiesSingapore dollars thousands | 8,069 | (2,459) | PDF p. 58 |
| Net increase in cash and cash equivalentsSingapore dollars thousands | 17,418 | 14,892 | PDF p. 58 |
| Effects of exchange rate changes on the balance of cash held in foreign currenciesSingapore dollars thousands | 407 | (580) | PDF p. 58 Label p. 58 |
| Cash and cash equivalents, statement of cash flows, beginning balanceSingapore dollars thousands | 57,512 | 43,200 | PDF p. 58 |
| Cash and cash equivalents, statement of cash flows, ending balance (Note 21)Singapore dollars thousands | 75,337 | 57,512 | PDF p. 58 Label p. 58 |
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Definitions & sources
Original report: PDF p. 58 ↗
Where the money comes from
Segment information
By business
Segment profit or loss and reconciliation, 2025 (Group, $'000) 9 lines
| Item / unit | 2025Project services | 2025Maintenance services | 2025Others | 2025Elimination | 2025Group | Source |
|---|---|---|---|---|---|---|
| Revenue by segment | ||||||
| Total revenue by segment$'000 | 92,141 | 88,288 | – | (27,146) | 153,283 | PDF p. 72 |
| Inter-segment sales$'000 | (24,609) | (2,537) | – | 27,146 | – | PDF p. 72 |
| Total revenue$'000 | 67,532 | 85,751 | – | – | 153,283 | PDF p. 72 |
| Results | ||||||
| Recurring EBITDA$'000 | 10,676 | 14,370 | 810 | 2,893 | 28,749 | PDF p. 72 |
| Inter-segment expenses$'000 | 1,274 | 1,619 | – | (2,893) | – | PDF p. 72 |
| Adjusted EBITDA$'000 | 11,950 | 15,989 | 810 | – | 28,749 | PDF p. 72 |
| Finance costs$'000 | (411) | (545) | (565) | – | (1,521) | PDF p. 72 |
| Amortisation of intangible assets$'000 | (166) | (311) | – | – | (477) | PDF p. 72 |
| Segment result after finance costs and amortisation (unlabelled subtotal)$'000 | 11,373 | 15,133 | 245 | – | 26,751 | PDF p. 72 |
Notes
Blank cells in unallocated rows are printed blank; only Group total printed.
Primary measure of segment results is EBITDA (earnings before depreciation and amortisation, interests and income taxes).
Segment profit or loss and reconciliation, 2024 (Group, $'000) 9 lines
| Item / unit | 2024Project services | 2024Maintenance services | 2024Others | 2024Elimination | 2024Group | Source |
|---|---|---|---|---|---|---|
| Revenue by segment | ||||||
| Total revenue by segment$'000 | 82,099 | 81,847 | – | (5,560) | 158,386 | PDF p. 73 |
| Inter-segment sales$'000 | (2,345) | (3,215) | – | 5,560 | – | PDF p. 73 |
| Total revenue$'000 | 79,754 | 78,632 | – | – | 158,386 | PDF p. 73 |
| Results | ||||||
| Recurring EBITDA$'000 | 6,820 | 17,121 | 1,987 | 2,650 | 28,578 | PDF p. 73 |
| Inter-segment expenses$'000 | 917 | 1,733 | – | (2,650) | – | PDF p. 73 |
| Adjusted EBITDA$'000 | 7,737 | 18,854 | 1,987 | – | 28,578 | PDF p. 73 |
| Finance costs$'000 | (585) | (2,401) | (873) | – | (3,859) | PDF p. 73 |
| Amortisation of intangible assets$'000 | (232) | (245) | – | – | (477) | PDF p. 73 |
| Segment result after finance costs and amortisation (unlabelled subtotal)$'000 | 6,920 | 16,208 | 1,114 | – | 24,242 | PDF p. 73 |
Notes
Blank cells in unallocated rows are printed blank; only Group total printed.
Segment assets and reconciliation, 2025 ($'000) 1 lines
| Item / unit | 2025Project services | 2025Maintenance services | 2025Others | 2025Group | Source |
|---|---|---|---|---|---|
| 2025 | |||||
| Reportable segment assets$'000 | 26,920 | 10,141 | – | 37,061 | PDF p. 74 |
Notes
Unallocated rows show only a Group value; blank cells printed blank.
Segment assets and reconciliation, 2024 ($'000) 1 lines
| Item / unit | 2024Project services | 2024Maintenance services | 2024Others | 2024Group | Source |
|---|---|---|---|---|---|
| 2024 | |||||
| Reportable segment assets$'000 | 22,952 | 10,712 | – | 33,664 | PDF p. 74 |
Notes
Unallocated rows show only a Group value; blank cells printed blank.
Segment liabilities and reconciliation, 2025 ($'000) 1 lines
| Item / unit | 2025Project Services | 2025Maintenance services | 2025Others | 2025Group | Source |
|---|---|---|---|---|---|
| 2025 | |||||
| Reportable segment liabilities$'000 | 553 | 1,186 | – | 1,739 | PDF p. 75 |
Notes
Unallocated rows show only a Group value; blank cells printed blank.
Segment liabilities and reconciliation, 2024 ($'000) 1 lines
| Item / unit | 2024Project Services | 2024Maintenance services | 2024Others | 2024Group | Source |
|---|---|---|---|---|---|
| 2024 | |||||
| Reportable segment liabilities$'000 | 2,248 | 1,663 | – | 3,911 | PDF p. 75 |
Notes
Unallocated rows show only a Group value; blank cells printed blank.
Major customers by revenue (Group, $'000) 3 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Major customers | |||
| Top 1 customer$'000 | 13,459 | 14,055 | PDF p. 76 |
| Top 2 customers$'000 | 26,894 | 25,462 | PDF p. 76 |
| Top 3 customers$'000 | 40,039 | 35,201 | PDF p. 76 |
Notes
Note 4F: Capital expenditures of $1,028,000 (2024: $1,997,000) have been recognised in respect of property, plant and equipment. Segment information is not available for capital expenditures as the information is not available and the cost to allocate to the segment would be excessive.
By geography
Geographical information – Revenue and Non-current assets (Group, $'000) 6 lines
| Item / unit | 2025Group Revenue | 2024Group Revenue | 2025Group Non-current assets | 2024Group Non-current assets | Source |
|---|---|---|---|---|---|
| Group | |||||
| China$'000 | 20,831 | 14,055 | 1,989 | 2,242 | PDF p. 75 |
| Singapore$'000 | 115,296 | 116,649 | 84,420 | 87,473 | PDF p. 75 |
| Malaysia$'000 | 13,798 | 19,154 | 201 | 246 | PDF p. 75 |
| United States$'000 | 3,236 | 7,300 | – | – | PDF p. 75 |
| Middle East$'000 | 122 | 1,228 | – | – | PDF p. 75 |
| Total (unlabelled)$'000 | 153,283 | 158,386 | 86,610 | 89,961 | PDF p. 75 |
Notes
Revenues are attributed to countries on the basis of the customer’s location, irrespective of the origin of the goods and services. The non-current assets are analysed by the geographical area in which the assets are located. The non-current assets exclude any financial instruments and deferred tax assets.
Final unlabelled row is the total.
Debt
Borrowings
Borrowing notes 2 tables
Loans and borrowings
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current: floating interest rates | |||||
| Bank loans (Note 26B)$'000 | 3,686 | 5,774 | 3,686 | 5,774 | PDF p. 99 |
| Non-current | |||||
| Total non-current portion$'000 | 3,686 | 5,774 | 3,686 | 5,774 | PDF p. 99 |
| Current: floating interest rates | |||||
| Bank loans (secured) (Note 26A)$'000 | 10,692 | 19,392 | 400 | 7,700 | PDF p. 99 |
| Bank loans (Note 26B)$'000 | 7,071 | 15,647 | 2,071 | 8,778 | PDF p. 99 |
| Invoice financing (Note 26B)$'000 | 16,231 | 18,967 | – | – | PDF p. 99 |
| Current | |||||
| Total current portion$'000 | 33,994 | 54,006 | 2,471 | 16,478 | PDF p. 99 |
| Total | |||||
| Total non-current and current$'000 | 37,680 | 59,780 | 6,157 | 22,252 | PDF p. 99 |
Notes
The non-current loans and borrowings are repayable between 2 and 5 years.
Bank loans (secured) are secured by a mortgage over leasehold properties (Note 26A); Note 26B loans are covered by a corporate guarantee from the company.
Statement of financial position – borrowings and lease liabilities
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current liabilities | |||||
| Loans and borrowings$'000 | 3,686 | 5,774 | 3,686 | 5,774 | PDF p. 57 |
| Financial liabilities – lease liabilities$'000 | 5,008 | 5,205 | 1,482 | 1,525 | PDF p. 57 |
| Current liabilities | |||||
| Loans and borrowings$'000 | 33,994 | 54,006 | 2,471 | 16,478 | PDF p. 57 |
| Financial liabilities – lease liabilities$'000 | 981 | 549 | 36 | 36 | PDF p. 57 |
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend and Dividend Policy | The Company’s dividend policy is to pay out 40% of the annual net profit, payable every half-yearly. | Company | PDF p. 46 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| interim dividend | 0.8276 Singapore cents per ordinary share | FY2025 interim dividend, already paid | PDF p. 25 |
| final one-tier tax exempt dividend | 1.0745 Singapore cents per ordinary share | FY2025 proposed final dividend, one-tier tax exempt, subject to shareholders' approval at AGM on 29 April 2026 | PDF p. 46 |
| total dividend | 1.9021 Singapore cents per ordinary share | FY2025 total dividend (interim 0.8276 + final 1.0745) | PDF p. 25 |
| Final Dividend record date | 8 May 2026 | FY2025 proposed final dividend · As at 2026-05-08 | PDF p. 114 |
| Final Dividend payment date | 18 May 2026 | FY2025 proposed final dividend, if approved at AGM · As at 2026-05-18 | PDF p. 114 |
| Final tax exempt (one-tier) dividend paid | 0.899 cents | Group and Company, 2025 (paid in 2025, relating to prior year); comparative 2024: 0.588 | PDF p. 82 |
| Interim tax exempt (one-tier) dividend paid | 0.828 cents | Group and Company, 2025; comparative 2024: 0.853 | PDF p. 82 |
| Total dividends paid in the year | 1.727 cents | Group and Company, 2025; comparative 2024: 1.441 | PDF p. 82 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| dividend payout ratio | 40% | FY2025 | PDF p. 25 |
Extracted from Nordic Group Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | RSM SG Assurance LLP | Group and company, year ended 31 December 2025 | PDF p. 55 |
| Engagement partner | Lee Guoyong | Group and company, year ended 31 December 2025 | PDF p. 55 |
| Opinion | true and fair view | Group and company, year ended 31 December 2025 | PDF p. 51 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Basis of preparation of the financial statements | The financial statements are prepared on a going concern basis under the historical cost convention | Group | PDF p. 60 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Assessment of impairment of goodwill | Goodwill is tested for impairment annually and whenever there is an indication that it may be impaired. | Group, 31 December 2025 | PDF p. 51 |
Extracted from Nordic Group Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Nordic Group Limited Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Monetary primary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Financial position and equity have separate Group and Company columns; income/comprehensive income and cash flows are Group only. No separate Company income/CI/cashflow is disclosed. Original Group equity components differ in FY2023 source, including NCI and parent subtotal, and are preserved.
Three source reports provide full primary comparisonsFY2020–FY2025. The current netcash/netdebt chart coversFY2015–FY2025; gearing points are only printed for six debt years. The extraction model had misaligned chart years and invented missing points; the original year-axis geometry is authoritative.
Weighted average EPS share quantities are not numerically disclosed in Note11; no denominator is inferred. The current scorecard and paid dividends use different units from monetary primary statements.
The additional auditedFY2020original’s cover prints2021 while its audit opinion and financial statement captions specify2020. The original source conflict is preserved; FY2020primary comparisons are transcribed from the independently verifiedFY2021source.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.