NSL N02

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Financials

NSL LTD Annual Report 2026

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52 tables

Consolidated income statement — FY2026 source

19 metrics

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Consolidated income statement — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group — 1 July 2025 to 30 June 2026 — 12 months	2025Group — 1 January 2024 to 30 June 2025 — 18 months	Source
Consolidated income statement — FY2026 source
SalesS$’000	385,889	465,895	PDF p. 50
Cost of salesS$’000	(308,525)	(362,000)	PDF p. 50
Gross profitS$’000	77,364	103,895	PDF p. 50
Other income
- InterestS$’000	1,530	4,599	PDF p. 50
- OthersS$’000	1,839	2,322	PDF p. 50
Other (losses)/gains, netS$’000	(1,283)	3,918	PDF p. 50
Impairment loss on goodwillS$’000	-	(8,024)	PDF p. 50
Impairment loss on property, plant and equipment, netS$’000	(6,054)	(257)	PDF p. 50
Distribution costsS$’000	(9,490)	(11,025)	PDF p. 50
Administrative expensesS$’000	(27,166)	(43,515)	PDF p. 50
Loss allowance on trade receivables, netS$’000	(1,835)	(3,078)	PDF p. 50
Finance costsS$’000	(1,017)	(1,903)	PDF p. 50
Share of results of associated companies, net of taxS$’000	541	1,246	PDF p. 50
Profit before income taxS$’000	34,429	48,178	PDF p. 50
Income tax expenseS$’000	(11,653)	(9,178)	PDF p. 50
Total profit for the financial year/periodS$’000	22,776	39,000	PDF p. 50
Profit/(loss) attributable to:
Equity holders of the CompanyS$’000	23,335	37,189	PDF p. 50
Non-controlling interestsS$’000	(559)	1,811	PDF p. 50
SubtotalS$’000	22,776	39,000	PDF p. 50

Definitions & sources

Original report: PDF p. 50 ↗

Earnings per share — FY2026 source

1 metrics

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Earnings per share — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group — 1 July 2025 to 30 June 2026 — 12 months	2025Group — 1 January 2024 to 30 June 2025 — 18 months	Source
Profit/(loss) attributable to:
Basic and fully diluted earnings per share (cents)Singapore cents per share	6.25	9.96	PDF p. 50

Definitions & sources

Original report: PDF p. 50 ↗

Consolidated comprehensive income — FY2026 source

12 metrics

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Consolidated comprehensive income — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group — 1 July 2025 to 30 June 2026 — 12 months	2025Group — 1 January 2024 to 30 June 2025 — 18 months	Source
Consolidated comprehensive income — FY2026 source
Total profit for the financial year/periodS$’000	22,776	39,000	PDF p. 51
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations - Gain arising during the year/periodS$’000	4,583	3,117	PDF p. 51 Label p. 51
- ReclassificationS$’000	-	369	PDF p. 51
SubtotalS$’000	4,583	3,486	PDF p. 51
Items that will not be reclassified subsequently to profit or loss:
Fair value gain/(loss) arising from financial assets, at FVOCI*S$’000	2,284	(472)	PDF p. 51
Exchange differences on translating foreign operations attributable to non-controlling interestsS$’000	(50)	65	PDF p. 51 Label p. 51
Share of other comprehensive income/(loss) of associated companiesS$’000	340	(405)	PDF p. 51
Other comprehensive income for the year/period, net of taxS$’000	7,157	2,674	PDF p. 51
Total comprehensive income for the year/period, net of taxS$’000	29,933	41,674	PDF p. 51
Total comprehensive income/(loss) attributable to:
Equity holders of the CompanyS$’000	30,542	39,798	PDF p. 51
Non-controlling interestsS$’000	(609)	1,876	PDF p. 51
SubtotalS$’000	29,933	41,674	PDF p. 51

Definitions & sources

Original report: PDF p. 51 ↗

Group / Company balance sheets — physical52 — FY2026 source

23 metrics

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Group / Company balance sheets — physical52 — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group — as at 30 June 2026	2025Group — as at 30 June 2025	2026Company — as at 30 June 2026	2025Company — as at 30 June 2025	Source
Group / Company balance sheets — physical52 — FY2026 source
Share capitalS$’000	193,839	193,839	193,839	193,839	PDF p. 52
ReservesS$’000	118,850	101,657	18,654	6,186	PDF p. 52
Shareholders’ equityS$’000	312,689	295,496	212,493	200,025	PDF p. 52
Non-controlling interestsS$’000	(4,576)	(4,181)	-	-	PDF p. 52
TOTAL EQUITYS$’000	308,113	291,315	212,493	200,025	PDF p. 52
CURRENT ASSETS
InventoriesS$’000	74,347	38,649	-	-	PDF p. 52
Receivables, prepayments and other current assetsS$’000	145,520	93,168	46,674	41,766	PDF p. 52 Label p. 52
Other investments at amortised costS$’000	-	751	-	751	PDF p. 52
Tax recoverableS$’000	10	23	-	-	PDF p. 52
Cash and bank balancesS$’000	153,294	150,444	64,191	70,454	PDF p. 52
SubtotalS$’000	373,171	283,035	110,865	112,971	PDF p. 52
NON-CURRENT ASSETS
Property, plant and equipmentS$’000	81,337	82,842	131	201	PDF p. 52
Right-of-use assetsS$’000	31,202	26,368	1,168	112	PDF p. 52
Investments in subsidiariesS$’000	-	-	36,167	36,231	PDF p. 52
Investments in associated companiesS$’000	11,423	10,226	-	-	PDF p. 52
Long term receivablesS$’000	-	-	94,151	90,589	PDF p. 52
Financial assets, at FVOCIS$’000	2,721	437	2,721	437	PDF p. 52
Other investments at amortised costS$’000	996	994	996	994	PDF p. 52
Intangible assetsS$’000	1,294	1,597	94	-	PDF p. 52
Deferred tax assetsS$’000	2,271	2,433	27	17	PDF p. 52
Other non-current assetsS$’000	60	58	-	-	PDF p. 52
SubtotalS$’000	131,304	124,955	135,455	128,581	PDF p. 52
TOTAL ASSETSS$’000	504,475	407,990	246,320	241,552	PDF p. 52

Definitions & sources

Original report: PDF p. 52 ↗

Group / Company balance sheets — physical53 — FY2026 source

15 metrics

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Group / Company balance sheets — physical53 — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group — as at 30 June 2026	2025Group — as at 30 June 2025	2026Company — as at 30 June 2026	2025Company — as at 30 June 2025	Source
CURRENT LIABILITIES
BorrowingsS$’000	(10,080)	(664)	-	-	PDF p. 53
Lease liabilitiesS$’000	(3,933)	(2,637)	(339)	(114)	PDF p. 53
Trade, other payables and other current liabilitiesS$’000	(157,927)	(90,942)	(23,305)	(31,956)	PDF p. 53 Label p. 53
Current income tax liabilitiesS$’000	(1,443)	(2,400)	(356)	(598)	PDF p. 53
Deferred incomeS$’000	(17)	(28)	-	-	PDF p. 53
SubtotalS$’000	(173,400)	(96,671)	(24,000)	(32,668)	PDF p. 53
NON-CURRENT LIABILITIES
Provision for retirement benefitsS$’000	(5,113)	(4,495)	-	-	PDF p. 53
Deferred tax liabilitiesS$’000	(1,520)	(1,899)	-	-	PDF p. 53
BorrowingsS$’000	-	(676)	-	-	PDF p. 53
Lease liabilitiesS$’000	(12,917)	(9,591)	(829)	-	PDF p. 53
Deferred incomeS$’000	(293)	(374)	-	-	PDF p. 53
Other non-current liabilitiesS$’000	(3,119)	(2,969)	(8,998)	(8,859)	PDF p. 53
SubtotalS$’000	(22,962)	(20,004)	(9,827)	(8,859)	PDF p. 53
TOTAL LIABILITIESS$’000	(196,362)	(116,675)	(33,827)	(41,527)	PDF p. 53
NET ASSETSS$’000	308,113	291,315	212,493	200,025	PDF p. 53

Definitions & sources

Original report: PDF p. 53 ↗

Consolidated changes in equity — FY2026 source — ending2026

8 metrics

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Consolidated changes in equity — FY2026 source — ending2026 from NSL LTD Annual Report 2026
Metric / unit	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Share capital	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Revenue reserve	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Foreign currency translation reserve	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Fair value reserve	2026Group — 1 July 2025 to 30 June 2026 — 12 months — General and other reserve	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Equity attributable to owners	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Non-controlling interests	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Total equity	Source
THE GROUP
Balance as at 1 July 2025S$’000	193,839	106,703	(8,342)	2,911	385	295,496	(4,181)	291,315	PDF p. 54 Label p. 54
Profit/(loss) for the yearS$’000	-	23,335	-	-	-	23,335	(559)	22,776	PDF p. 54
Other comprehensive income/(loss) for the yearS$’000	-	-	4,583	2,624	-	7,207	(50)	7,157	PDF p. 54 Label p. 54
Total comprehensive income/(loss) for the yearS$’000	-	23,335	4,583	2,624	-	30,542	(609)	29,933	PDF p. 54 Label p. 54
Dividends paidS$’000	-	(13,074)	-	-	-	(13,074)	-	(13,074)	PDF p. 54
Acquisition of additional interest in a subsidiary from a non-controlling interestS$’000	-	(275)	-	-	-	(275)	214	(61)	PDF p. 54 Label p. 54
Total transactions with owners, recognised directly in equityS$’000	-	(13,349)	-	-	-	(13,349)	214	(13,135)	PDF p. 54 Label p. 54
Balance as at 30 June 2026S$’000	193,839	116,689	(3,759)	5,535	385	312,689	(4,576)	308,113	PDF p. 54 Label p. 54

Definitions & sources

Original report: PDF p. 54 ↗

Consolidated changes in equity — FY2026 source — ending2025

10 metrics

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Consolidated changes in equity — FY2026 source — ending2025 from NSL LTD Annual Report 2026
Metric / unit	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Share capital	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Revenue reserve	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Foreign currency translation reserve	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Fair value reserve	2025Group — 1 January 2024 to 30 June 2025 — 18 months — General and other reserve	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Equity attributable to owners	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Non-controlling interests	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Total equity	Source
THE GROUP
Balance as at 1 January 2024S$’000	193,839	88,361	(11,828)	3,788	97	274,257	(6,282)	267,975	PDF p. 54 Label p. 54
Profit for the periodS$’000	-	37,189	-	-	-	37,189	1,811	39,000	PDF p. 54
Other comprehensive income/(loss) for the periodS$’000	-	-	3,486	(877)	-	2,609	65	2,674	PDF p. 54 Label p. 54
Total comprehensive income/(loss) for the periodS$’000	-	37,189	3,486	(877)	-	39,798	1,876	41,674	PDF p. 54 Label p. 54
Transfer to statutory reserveS$’000	-	(288)	-	-	288	-	-	-	PDF p. 54 Label p. 54
Dividends paidS$’000	-	(18,678)	-	-	-	(18,678)	-	(18,678)	PDF p. 54
Write-back of long outstanding dividend payablesS$’000	-	119	-	-	-	119	-	119	PDF p. 54 Label p. 54
Total transactions with owners, recognised directly in equityS$’000	-	(18,559)	-	-	-	(18,559)	-	(18,559)	PDF p. 54 Label p. 54
Disposal of a subsidiaryS$’000	-	-	-	-	-	-	225	225	PDF p. 54
Balance as at 30 June 2025S$’000	193,839	106,703	(8,342)	2,911	385	295,496	(4,181)	291,315	PDF p. 54 Label p. 54

Definitions & sources

Original report: PDF p. 54 ↗

Consolidated cash flows — physical55 — FY2026 source

29 metrics

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Consolidated cash flows — physical55 — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group — 1 July 2025 to 30 June 2026 — 12 months	2025Group — 1 January 2024 to 30 June 2025 — 18 months	Source
Cash Flows from Operating Activities
Profit for the financial year/periodS$’000	22,776	39,000	PDF p. 55
Adjustments for:
Income tax expenseS$’000	11,653	9,178	PDF p. 55
Amortisation of intangible assetsS$’000	483	740	PDF p. 55
Amortisation of deferred incomeS$’000	(92)	(91)	PDF p. 55
Depreciation of property, plant and equipmentS$’000	10,212	16,887	PDF p. 55
Depreciation of right-of-use assetsS$’000	3,924	4,931	PDF p. 55
Interest expenseS$’000	1,017	1,903	PDF p. 55
Interest incomeS$’000	(1,530)	(4,599)	PDF p. 55
Impairment loss on property, plant and equipment (net)S$’000	6,054	257	PDF p. 55
Impairment loss on goodwillS$’000	-	8,024	PDF p. 55
Write-back of impairment loss on right-of-use assetsS$’000	(344)	-	PDF p. 55
Write-back of impairment loss on intangible assetsS$’000	(10)	-	PDF p. 55
Loss on write-off of intangible assetsS$’000	217	-	PDF p. 55
Gain on disposal of an associated companyS$’000	-	(5,127)	PDF p. 55
Gain on disposal of an investment at FVOCIS$’000	-	(244)	PDF p. 55
Loss/(gain) on disposal including write-off of property, plant and equipment (net)S$’000	99	(362)	PDF p. 55
Loss on disposal of a subsidiaryS$’000	-	215	PDF p. 55
Retirement benefits expense (net)S$’000	783	1,031	PDF p. 55
Share of results of associated companies, net of taxS$’000	(541)	(1,246)	PDF p. 55
Exchange differences and other adjustmentsS$’000	924	1,378	PDF p. 55
Operating cash flows before working capital changesS$’000	55,625	71,875	PDF p. 55
Changes in working capital, net of effects from disposal of subsidiaries:
InventoriesS$’000	(35,698)	(3,864)	PDF p. 55
Receivables, prepayments and other assetsS$’000	(48,849)	(12,514)	PDF p. 55
Deferred incomeS$’000	-	57	PDF p. 55
Trade and other payablesS$’000	66,904	20,984	PDF p. 55
Cash generated from operationsS$’000	37,982	76,538	PDF p. 55
Income tax paidS$’000	(12,442)	(9,625)	PDF p. 55
Retirement benefits paidS$’000	(245)	(333)	PDF p. 55
Net cash provided by operating activitiesS$’000	25,295	66,580	PDF p. 55

Definitions & sources

Original report: PDF p. 55 ↗

The currentFP2025 comparative has operating cash66,580 and investing cash3,152, while the originalFY2025 statement prints66,577 and3,155. The3thousand difference offsets between categories; both original versions are retained without inferred reconciliation.

Consolidated cash flows — physical56 — FY2026 source

26 metrics

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Consolidated cash flows — physical56 — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group — 1 July 2025 to 30 June 2026 — 12 months	2025Group — 1 January 2024 to 30 June 2025 — 18 months	Source
Cash Flows from Investing Activities
Net cash inflow from disposal of subsidiariesS$’000	-	381	PDF p. 56
Dividend received from associated companiesS$’000	76	1,002	PDF p. 56
Proceeds from the disposal of an associated companyS$’000	-	5,127	PDF p. 56
Proceeds from the disposal of an investment at FVOCIS$’000	-	244	PDF p. 56
Repayment of long-term receivables from an associated companyS$’000	-	454	PDF p. 56
Proceeds from disposal of property, plant and equipmentS$’000	57	675	PDF p. 56
Proceeds from disposal of intangible assetsS$’000	-	108	PDF p. 56
Additions of property, plant and equipmentS$’000	(13,830)	(9,133)	PDF p. 56
Additions of intangible assetsS$’000	(392)	(1,131)	PDF p. 56
Proceeds from maturity of investments at amortised costS$’000	751	500	PDF p. 56
Interest receivedS$’000	1,540	4,925	PDF p. 56
Net cash (used in)/provided by investing activitiesS$’000	(11,798)	3,152	PDF p. 56
Cash Flows from Financing Activities
Proceeds from borrowingsS$’000	9,360	11,392	PDF p. 56
Repayment of borrowingsS$’000	(665)	(28,679)	PDF p. 56
Principal payment of lease liabilitiesS$’000	(3,563)	(4,065)	PDF p. 56
Interest paidS$’000	(786)	(1,903)	PDF p. 56
Withdrawal of bank deposits pledgedS$’000	25,447	-	PDF p. 56
Bank deposits pledgedS$’000	-	(14)	PDF p. 56
Consideration paid to non-controlling shareholder for purchase of shares in a subsidiaryS$’000	(61)	-	PDF p. 56 Label p. 56
Advance payment to non-controlling shareholder for purchase of shares in a subsidiaryS$’000	(3,515)	-	PDF p. 56 Label p. 56
Dividends paid to shareholdersS$’000	(13,074)	(18,678)	PDF p. 56
Net cash provided by/(used in) financing activitiesS$’000	13,143	(41,947)	PDF p. 56
Net increase in cash and cash equivalentsS$’000	26,640	27,785	PDF p. 56
Cash and cash equivalents at beginning of the year/periodS$’000	124,930	97,219	PDF p. 56
Effects of exchange rate changes on cash and cash equivalentsS$’000	1,657	(74)	PDF p. 56
Cash and cash equivalents at end of the year/periodS$’000	153,227	124,930	PDF p. 56

Definitions & sources

Original report: PDF p. 56 ↗

Financing-liabilities reconciliation — ending2026 — FY2026 source

2 metrics

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Financing-liabilities reconciliation — ending2026 — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2025Group — 1 July 2025 to 30 June 2026 — 12 months — Opening balance — 1 July 2025	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Proceeds from borrowings	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Principal and interest payments	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Remeasurement/modification of lease liability	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Additions during the period	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Interest expense	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Foreign exchange movement	2026Group — 1 July 2025 to 30 June 2026 — 12 months — Closing balance	Source
Financing-liabilities reconciliation — ending2026 — FY2026 source
borrowingsS$’000	1,340	9,360	(758)	-	-	93	45	10,080	PDF p. 57
Lease liabilitiesS$’000	12,228	-	(4,256)	5,551	2,681	693	(47)	16,850	PDF p. 57 Label p. 57

Definitions & sources

Original report: PDF p. 57 ↗

Financing-liabilities reconciliation — ending2025 — FY2026 source

2 metrics

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Financing-liabilities reconciliation — ending2025 — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2024Group — 1 January 2024 to 30 June 2025 — 18 months — Opening balance — 1 January 2024	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Proceeds from borrowings	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Principal and interest payments	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Remeasurement/modification of lease liability	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Additions during the period	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Interest expense	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Foreign exchange movement	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Closing balance	Source
Financing-liabilities reconciliation — ending2025 — FY2026 source
borrowingsS$’000	18,934	11,392	(29,511)	-	-	753	(228)	1,340	PDF p. 57
Lease liabilitiesS$’000	14,430	-	(5,136)	-	1,833	1,032	69	12,228	PDF p. 57 Label p. 57

Definitions & sources

Original report: PDF p. 57 ↗

Group / Company reserve movements — Note14b — FY2026 source

18 metrics

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Group / Company reserve movements — Note14b — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group — 1 July 2025 to 30 June 2026 — 12 months	2025Group — 1 January 2024 to 30 June 2025 — 18 months	2026Company — 1 July 2025 to 30 June 2026 — 12 months	2025Company — 1 January 2024 to 30 June 2025 — 18 months	Source
Group / Company reserve movements — Note14b — FY2026 source
(i) Revenue reserve Beginning of financial year/periodS$’000	106,703	88,361	5,760	13,311	PDF p. 88 Label p. 88
Net profit for the financial year/periodS$’000	23,335	37,189	23,258	11,008	PDF p. 88
Transfer of reserves (iv)S$’000	-	(288)	-	-	PDF p. 88
Dividends paid (Note 11)S$’000	(13,074)	(18,678)	(13,074)	(18,678)	PDF p. 88
Acquisition of additional interest in a subsidiary from a non-controlling interest (Note 20d)S$’000	(275)	-	-	-	PDF p. 88 Label p. 88
Write-back of long outstanding dividend payablesS$’000	-	119	-	119	PDF p. 88 Label p. 88
End of financial year/periodS$’000	116,689	106,703	15,944	5,760	PDF p. 88
(ii) Foreign currency translation reserve Beginning of financial year/periodS$’000	(8,342)	(11,828)	-	-	PDF p. 88 Label p. 88
Net currency translation differences of financial statements of foreign subsidiaries and associated companiesS$’000	4,533	3,551	-	-	PDF p. 88 Label p. 88
Less: Non-controlling interestsS$’000	50	(65)	-	-	PDF p. 88
End of financial year/periodS$’000	(3,759)	(8,342)	-	-	PDF p. 88
(iii) Fair value reserve Beginning of financial year/periodS$’000	2,911	3,788	426	898	PDF p. 88 Label p. 88
Fair value gain/(loss) of financial assets, at FVOCI (Note 23)S$’000	2,284	(472)	2,284	(472)	PDF p. 88 Label p. 88
Share of an associated company’s fair value gain/(loss) on financial asset, at FVOCIS$’000	340	(405)	-	-	PDF p. 88 Label p. 88
End of financial year/periodS$’000	5,535	2,911	2,710	426	PDF p. 88
(iv) General and other reserve Beginning of financial year/periodS$’000	385	97	-	-	PDF p. 88 Label p. 88
Transfer of reserves (i)S$’000	-	288	-	-	PDF p. 88
End of financial year/periodS$’000	385	385	-	-	PDF p. 88

Definitions & sources

Original report: PDF p. 88 ↗

Ordinary dividends paid — Note11 — FY2026 source

3 metrics

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Ordinary dividends paid — Note11 — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group / Company — 1 July 2025 to 30 June 2026 — 12 months	2025Group / Company — 1 January 2024 to 30 June 2025 — 18 months	Source
Ordinary dividends paid — Note11 — FY2026 source
Ordinary dividends paid Interim dividend of 2 cents in respect of the current financial year (2025: Interim dividend of 3 cents in respect of the previous financial year)S$’000	7,471	11,207	PDF p. 85 Label p. 85
Final dividend of 1.5 cents in respect of the previous financial period (2025: Final dividend of 2 cents in respect of the previous financial period)S$’000	5,603	7,471	PDF p. 85 Label p. 85
SubtotalS$’000	13,074	18,678	PDF p. 85

Definitions & sources

Original report: PDF p. 85 ↗

Group Financial Highlights

9 metrics

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Group Financial Highlights from NSL LTD Annual Report 2026
Metric / unit	2025Group; 18-month financial period ended 30 June 2025	2026Group; financial year ended 30 June 2026	Source
For the year
TurnoverS$’000	465,895	385,889	PDF p. 5
Profit before taxS$’000	48,178	34,429	PDF p. 5
Group profit attributable to shareholdersS$’000	37,189	23,335	PDF p. 5
At year-end
Shareholders’ fundsS$’000	295,496	312,689	PDF p. 5
Total assetsS$’000	407,990	504,475	PDF p. 5
Per share
Basic earnings per shareSingapore cents per share	10.0	6.3	PDF p. 5
Per share; Dividends (exempt - one tier)
- Finalcents per share	1.5	3	PDF p. 5
- Interimcents per share	3	2	PDF p. 5
Others
Number of employeesemployees	3,039	3,192	PDF p. 5

Definitions & sources

Original report: PDF p. 5 ↗

All figures are as printed. The 2025 comparative period covered 18 months after the financial year-end changed from 31 December to 30 June. The report’s footnote reads: “2025 financial period comprises 18 months results, reflecting a change in the financial year-end from 31 December to 30 June.”

Group Financial Highlights — percentage change

9 metrics

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Group Financial Highlights — percentage change from NSL LTD Annual Report 2026
Metric / unit	2026Change (%), 2026 vs 2025; 2025 is an 18-month financial period	Source
For the year
Turnover%	(17)	PDF p. 5
Profit before tax%	(29)	PDF p. 5
Group profit attributable to shareholders%	(37)	PDF p. 5
At year-end
Shareholders’ funds%	6	PDF p. 5
Total assets%	24	PDF p. 5
Per share
Basic earnings per sharepercentage change in earnings per share (%)	(37)	PDF p. 5
Per share; Dividends (exempt - one tier)
- Final%	100	PDF p. 5
- Interim%	(33)	PDF p. 5
Others
Number of employees%	5	PDF p. 5

Definitions & sources

Original report: PDF p. 5 ↗

5-Year Financial Summary

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5-Year Financial Summary from NSL LTD Annual Report 2026
Metric / unit	2021Group	2022Group	2023Group	2025Group; 18-month financial period ended 30 June 2025	2026Group; financial year ended 30 June 2026	Source
Financial profile
TurnoverS$’000	259,645	369,674	298,083	465,895	385,889	PDF p. 6
Profit / (loss) before share of results of associated companiesS$’000	7,099	6,665	(14,223)	46,932	33,888	PDF p. 6
Share of results of associated companies, net of taxS$’000	(704)	7,249	(1,296)	1,246	541	PDF p. 6
Profit / (loss) before taxS$’000	6,395	13,914	(15,519)	48,178	34,429	PDF p. 6
TaxationS$’000	(2,050)	(4,318)	(4,120)	(9,178)	(11,653)	PDF p. 6
Profit / (loss) after taxS$’000	4,345	9,596	(19,639)	39,000	22,776	PDF p. 6
Group profit / (loss) attributable to shareholdersS$’000	4,896	10,697	(18,697)	37,189	23,335	PDF p. 6
Financial profile; Dividends (exempt-one tier)
- FinalS$’000	18,678	18,678	7,471	5,603	11,207	PDF p. 6
- Interim SpecialS$’000	-	-	149,423	-	-	PDF p. 6
- InterimS$’000	-	-	-	11,207	7,471	PDF p. 6
Financial profile
Share capitalS$’000	193,839	193,839	193,839	193,839	193,839	PDF p. 6
ReservesS$’000	287,203	270,724	80,418	101,657	118,850	PDF p. 6
Financial position; What we owned
Property, plant and equipmentS$’000	108,460	108,496	87,096	82,842	81,337	PDF p. 6
Right-of-use assetsS$’000	32,032	28,635	29,219	26,368	31,202	PDF p. 6
Associated companies & joint ventureS$’000	46,320	34,231	10,359	10,226	11,423	PDF p. 6
Long term receivables & investmentsS$’000	2,862	4,149	3,326	1,489	3,777	PDF p. 6
Intangible assetsS$’000	9,503	9,420	9,329	1,597	1,294	PDF p. 6
Deferred tax assetsS$’000	2,607	2,482	2,369	2,433	2,271	PDF p. 6
Current assetsS$’000	405,720	419,938	242,008	283,035	373,171	PDF p. 6
What we owned
SubtotalS$’000	607,504	607,351	383,706	407,990	504,475	PDF p. 6
Financial position; What we owed and Equity
Shareholders' fundsS$’000	481,042	464,563	274,257	295,496	312,689	PDF p. 6
Non-controlling interestsS$’000	(4,357)	(5,496)	(6,282)	(4,181)	(4,576)	PDF p. 6
Long term liabilitiesS$’000	39,744	21,876	36,316	20,004	22,962	PDF p. 6
Current liabilitiesS$’000	91,075	126,408	79,415	96,671	173,400	PDF p. 6
What we owed and Equity
SubtotalS$’000	607,504	607,351	383,706	407,990	504,475	PDF p. 6
Cash & Debt Position
Group borrowingsS$’000	34,485	28,803	18,934	1,340	10,080	PDF p. 6
Group net cash (cash less borrowings)S$’000	240,026	239,299	103,785	149,104	143,214	PDF p. 6
Per Share Data
Basic earnings / (loss) per shareSingapore cents per share	1.3	2.9	(5.0)	10.0	6.3	PDF p. 6
Net tangible assets per shareSingapore dollars per share	1.26	1.22	0.71	0.79	0.83	PDF p. 6
Dividends; Dividends (exempt - one tier, cents per share)
- Finalcents per share	5	5	2	1.5	3	PDF p. 6
- Interim Specialcents per share	-	-	40	-	-	PDF p. 6
- Interimcents per share	-	-	-	3	2	PDF p. 6

Definitions & sources

Original report: PDF p. 6 ↗

The originalFP2025 period comprises18months from1January2024 to30June2025 and is not directly comparable with12month periods. There is no standalone2024 column. Amounts and per-share units retain their printed basis.

Dividend per ordinary share described in the Managing Director’s Statement

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Dividend per ordinary share described in the Managing Director’s Statement from NSL LTD Annual Report 2026
Metric / unit	2026Group; financial year ended 30 June 2026	Source
Dividend
Final dividendcents per ordinary share	3	PDF p. 12
Interim dividendcents per ordinary share	2	PDF p. 12
Total dividendcents per ordinary share	5	PDF p. 12

Definitions & sources

Original report: PDF p. 12 ↗

The final3cent dividend is proposed and subject to28October2026 AGM approval; the2cent interim dividend was paid inMarch2026. The5cent combined rate is not relabelled as cash paid during the year.

Group basic and diluted EPS inputs — Note12 — FY2026 source

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Group basic and diluted EPS inputs — Note12 — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group — 12months ended30June2026	2025Group — 18months ended30June2025	Source
Note12 — Group basic and diluted EPS inputs
Net profit attributable to equity holders of the Company (S$’000)S$’000	23,335	37,189	PDF p. 86
Weighted average number of ordinary shares outstanding for basic and dilutedthousands of ordinary shares	373,558	373,558	PDF p. 86
Basic and diluted earnings per share (cents per share)Singapore cents per share	6.25	9.96	PDF p. 86

Definitions & sources

Original report: PDF p. 86 ↗

The original denominator is printed in thousands of ordinary shares. No potential ordinary shares with dilutive potential are disclosed.

Proposed final dividend cash amount — Note11 — FY2026 source

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Proposed final dividend cash amount — Note11 — FY2026 source from NSL LTD Annual Report 2026
Metric / unit	2026Group / Company — proposed final dividend; subject to AGM approval; not recognised in these statements	Source
Proposed final dividend for year ended30June2026
Subsequent to the balance sheet date, the Directors proposed a final dividendSingapore dollars	11,207,000	PDF p. 85

Definitions & sources

Original report: PDF p. 85 ↗

Original3.0cent rate andS$11,207,000 cash amount are proposed after year-end. The source states that it is not reflected in these statements and would be appropriated in the financial year ending30June2027.

Consolidated income statement — FY2025 source

20 metrics

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Consolidated income statement — FY2025 source from NSL LTD Annual Report 2026
Metric / unit	2025Group — 1 January 2024 to 30 June 2025 — 18 months	2023Group — 1 January 2023 to 31 December 2023 — 12 months	Source
Consolidated income statement — FY2025 source
SalesS$’000	465,895	298,083	PDF p. 49
Cost of salesS$’000	(362,000)	(244,333)	PDF p. 49
Gross profitS$’000	103,895	53,750	PDF p. 49
Other income
- InterestS$’000	4,599	6,923	PDF p. 49
- OthersS$’000	2,322	1,795	PDF p. 49
Other gains/(losses), netS$’000	3,918	(548)	PDF p. 49
Impairment loss on goodwillS$’000	(8,024)	(654)	PDF p. 49
Impairment loss on property, plant and equipmentS$’000	(257)	(13,050)	PDF p. 49
Impairment loss on investment in an associated companyS$’000	-	(21,900)	PDF p. 49
Distribution costsS$’000	(11,025)	(7,414)	PDF p. 49
Administrative expensesS$’000	(43,515)	(29,937)	PDF p. 49
Loss allowance on trade receivables, netS$’000	(3,078)	(1,160)	PDF p. 49
Finance costsS$’000	(1,903)	(2,028)	PDF p. 49
Share of results of associated companies, net of taxS$’000	1,246	(1,296)	PDF p. 49
Profit/(loss) before income taxS$’000	48,178	(15,519)	PDF p. 49
Income tax expenseS$’000	(9,178)	(4,120)	PDF p. 49
Total profit/(loss) for the financial period/yearS$’000	39,000	(19,639)	PDF p. 49
Profit/(loss) attributable to:
Equity holders of the CompanyS$’000	37,189	(18,697)	PDF p. 49
Non-controlling interestsS$’000	1,811	(942)	PDF p. 49
SubtotalS$’000	39,000	(19,639)	PDF p. 49

Definitions & sources

Original report: PDF p. 49 ↗

Earnings per share — FY2025 source

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Earnings per share — FY2025 source from NSL LTD Annual Report 2026
Metric / unit	2025Group — 1 January 2024 to 30 June 2025 — 18 months	2023Group — 1 January 2023 to 31 December 2023 — 12 months	Source
Profit/(loss) attributable to:
Basic and fully diluted earnings/(loss) per share (cents)Singapore cents per share	9.96	(5.01)	PDF p. 49

Definitions & sources

Original report: PDF p. 49 ↗

Consolidated comprehensive income — FY2025 source

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Consolidated comprehensive income — FY2025 source from NSL LTD Annual Report 2026
Metric / unit	2025Group — 1 January 2024 to 30 June 2025 — 18 months	2023Group — 1 January 2023 to 31 December 2023 — 12 months	Source
Consolidated comprehensive income — FY2025 source
Total profit/(loss) for the financial period/yearS$’000	39,000	(19,639)	PDF p. 50
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations - Gain/(loss) arising during the period/yearS$’000	3,117	(2,453)	PDF p. 50 Label p. 50
- ReclassificationS$’000	369	-	PDF p. 50
Share of other comprehensive loss of associated companiesS$’000	-	(481)	PDF p. 50
SubtotalS$’000	3,486	(2,934)	PDF p. 50
Items that will not be reclassified subsequently to profit or loss:
Fair value loss arising from financial assets, at FVOCI*S$’000	(472)	(286)	PDF p. 50
Exchange differences on translating foreign operations attributable to non-controlling interestsS$’000	65	156	PDF p. 50 Label p. 50
Share of other comprehensive loss of associated companiesS$’000	(405)	(307)	PDF p. 50
Other comprehensive income/(loss) for the period/year, net of taxS$’000	2,674	(3,371)	PDF p. 50
Total comprehensive income/(loss) for the period/year, net of taxS$’000	41,674	(23,010)	PDF p. 50
Total comprehensive income/(loss) attributable to:
Equity holders of the CompanyS$’000	39,798	(22,224)	PDF p. 50
Non-controlling interestsS$’000	1,876	(786)	PDF p. 50
SubtotalS$’000	41,674	(23,010)	PDF p. 50

Definitions & sources

Original report: PDF p. 50 ↗

Group / Company balance sheets — physical51 — FY2025 source

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Group / Company balance sheets — physical51 — FY2025 source from NSL LTD Annual Report 2026
Metric / unit	2025Group — as at 30 June 2025	2023Group — as at 31 December 2023	2025Company — as at 30 June 2025	2023Company — as at 31 December 2023	Source
Group / Company balance sheets — physical51 — FY2025 source
Share capitalS$’000	193,839	193,839	193,839	193,839	PDF p. 51
ReservesS$’000	101,657	80,418	6,186	14,209	PDF p. 51
Shareholders’ equityS$’000	295,496	274,257	200,025	208,048	PDF p. 51
Non-controlling interestsS$’000	(4,181)	(6,282)	-	-	PDF p. 51
TOTAL EQUITYS$’000	291,315	267,975	200,025	208,048	PDF p. 51
CURRENT ASSETS
InventoriesS$’000	38,649	34,862	-	-	PDF p. 51
Receivables, prepayments and other current assetsS$’000	93,168	83,120	41,766	15,812	PDF p. 51 Label p. 51
Other investments at amortised costS$’000	751	503	751	503	PDF p. 51
Tax recoverableS$’000	23	804	-	-	PDF p. 51
Cash and bank balancesS$’000	150,444	122,719	70,454	50,891	PDF p. 51
SubtotalS$’000	283,035	242,008	112,971	67,206	PDF p. 51
NON-CURRENT ASSETS
Property, plant and equipmentS$’000	82,842	87,096	201	340	PDF p. 51
Right-of-use assetsS$’000	26,368	29,219	112	259	PDF p. 51
Investments in subsidiariesS$’000	-	-	36,231	36,231	PDF p. 51
Investment in a joint ventureS$’000	-	2	-	-	PDF p. 51
Investments in associated companiesS$’000	10,226	10,357	-	-	PDF p. 51
Long term receivablesS$’000	-	454	90,589	154,128	PDF p. 51
Financial assets, at FVOCIS$’000	437	909	437	909	PDF p. 51
Other investments at amortised costS$’000	994	1,744	994	1,744	PDF p. 51
Intangible assetsS$’000	1,597	9,329	-	-	PDF p. 51
Deferred tax assetsS$’000	2,433	2,369	17	-	PDF p. 51
Other non-current assetsS$’000	58	219	-	-	PDF p. 51
SubtotalS$’000	124,955	141,698	128,581	193,611	PDF p. 51
TOTAL ASSETSS$’000	407,990	383,706	241,552	260,817	PDF p. 51

Definitions & sources

Original report: PDF p. 51 ↗

Group / Company balance sheets — physical52 — FY2025 source

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Group / Company balance sheets — physical52 — FY2025 source from NSL LTD Annual Report 2026
Metric / unit	2025Group — as at 30 June 2025	2023Group — as at 31 December 2023	2025Company — as at 30 June 2025	2023Company — as at 31 December 2023	Source
CURRENT LIABILITIES
BorrowingsS$’000	(664)	(4,188)	-	-	PDF p. 52
Lease liabilitiesS$’000	(2,637)	(2,426)	(114)	(244)	PDF p. 52
Trade, other payables and other current liabilitiesS$’000	(90,942)	(69,803)	(31,956)	(43,596)	PDF p. 52 Label p. 52
Current income tax liabilitiesS$’000	(2,400)	(2,972)	(598)	(1,300)	PDF p. 52
Deferred incomeS$’000	(28)	(26)	-	-	PDF p. 52
SubtotalS$’000	(96,671)	(79,415)	(32,668)	(45,140)	PDF p. 52
NON-CURRENT LIABILITIES
Provision for retirement benefitsS$’000	(4,495)	(3,928)	-	-	PDF p. 52
Deferred tax liabilitiesS$’000	(1,899)	(2,123)	-	(64)	PDF p. 52
BorrowingsS$’000	(676)	(14,746)	-	-	PDF p. 52
Lease liabilitiesS$’000	(9,591)	(12,004)	-	(5)	PDF p. 52
Deferred incomeS$’000	(374)	(412)	-	-	PDF p. 52
Other non-current liabilitiesS$’000	(2,969)	(3,103)	(8,859)	(7,560)	PDF p. 52
SubtotalS$’000	(20,004)	(36,316)	(8,859)	(7,629)	PDF p. 52
TOTAL LIABILITIESS$’000	(116,675)	(115,731)	(41,527)	(52,769)	PDF p. 52
NET ASSETSS$’000	291,315	267,975	200,025	208,048	PDF p. 52

Definitions & sources

Original report: PDF p. 52 ↗

Consolidated changes in equity — FY2025 source — ending2025

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Consolidated changes in equity — FY2025 source — ending2025 from NSL LTD Annual Report 2026
Metric / unit	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Share capital	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Revenue reserve	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Foreign currency translation reserve	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Fair value reserve	2025Group — 1 January 2024 to 30 June 2025 — 18 months — General and other reserve	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Equity attributable to owners	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Non-controlling interests	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Total equity	Source
THE GROUP
Balance as at 1 January 2024S$’000	193,839	88,361	(11,828)	3,788	97	274,257	(6,282)	267,975	PDF p. 53 Label p. 53
Profit for the periodS$’000	-	37,189	-	-	-	37,189	1,811	39,000	PDF p. 53
Other comprehensive income/(loss) for the periodS$’000	-	-	3,486	(877)	-	2,609	65	2,674	PDF p. 53 Label p. 53
Total comprehensive income/(loss) for the periodS$’000	-	37,189	3,486	(877)	-	39,798	1,876	41,674	PDF p. 53 Label p. 53
Transfer to statutory reserveS$’000	-	(288)	-	-	288	-	-	-	PDF p. 53 Label p. 53
Dividends paidS$’000	-	(18,678)	-	-	-	(18,678)	-	(18,678)	PDF p. 53
Write-back of long outstanding dividend payablesS$’000	-	119	-	-	-	119	-	119	PDF p. 53 Label p. 53
Total transactions with owners, recognised directly in equityS$’000	-	(18,559)	-	-	-	(18,559)	-	(18,559)	PDF p. 53 Label p. 53
Disposal of a subsidiaryS$’000	-	-	-	-	-	-	225	225	PDF p. 53
Balance as at 30 June 2025S$’000	193,839	106,703	(8,342)	2,911	385	295,496	(4,181)	291,315	PDF p. 53 Label p. 53

Definitions & sources

Original report: PDF p. 53 ↗

Consolidated changes in equity — FY2025 source — ending2023

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Consolidated changes in equity — FY2025 source — ending2023 from NSL LTD Annual Report 2026
Metric / unit	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Share capital	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Revenue reserve	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Foreign currency translation reserve	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Fair value reserve	2023Group — 1 January 2023 to 31 December 2023 — 12 months — General and other reserve	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Equity attributable to owners	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Non-controlling interests	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Total equity	Source
THE GROUP
Balance as at 1 January 2023S$’000	193,839	275,323	(8,894)	4,381	(86)	464,563	(5,496)	459,067	PDF p. 53 Label p. 53
Loss for the yearS$’000	-	(18,697)	-	-	-	(18,697)	(942)	(19,639)	PDF p. 53
Other comprehensive (loss)/income for the yearS$’000	-	-	(2,934)	(593)	-	(3,527)	156	(3,371)	PDF p. 53 Label p. 53
Total comprehensive loss for the yearS$’000	-	(18,697)	(2,934)	(593)	-	(22,224)	(786)	(23,010)	PDF p. 53 Label p. 53
Transfer to statutory reserveS$’000	-	(183)	-	-	183	-	-	-	PDF p. 53 Label p. 53
Dividends paidS$’000	-	(168,101)	-	-	-	(168,101)	-	(168,101)	PDF p. 53
Write-back of long outstanding dividend payablesS$’000	-	19	-	-	-	19	-	19	PDF p. 53 Label p. 53
Total transactions with owners, recognised directly in equityS$’000	-	(168,082)	-	-	-	(168,082)	-	(168,082)	PDF p. 53 Label p. 53
Balance as at 31 December 2023S$’000	193,839	88,361	(11,828)	3,788	97	274,257	(6,282)	267,975	PDF p. 53 Label p. 53

Definitions & sources

Original report: PDF p. 53 ↗

Consolidated cash flows — physical54 — FY2025 source

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Consolidated cash flows — physical54 — FY2025 source from NSL LTD Annual Report 2026
Metric / unit	2025Group — 1 January 2024 to 30 June 2025 — 18 months	2023Group — 1 January 2023 to 31 December 2023 — 12 months	Source
Cash Flows from Operating Activities
Profit/(loss) for the financial period/yearS$’000	39,000	(19,639)	PDF p. 54
Adjustments for:
Income tax expenseS$’000	9,178	4,120	PDF p. 54
Amortisation of intangible assetsS$’000	740	533	PDF p. 54
Amortisation of deferred incomeS$’000	(91)	(64)	PDF p. 54
Depreciation of property, plant and equipmentS$’000	16,887	12,972	PDF p. 54
Depreciation of right-of-use assetsS$’000	4,931	3,397	PDF p. 54
Interest expenseS$’000	1,903	2,028	PDF p. 54
Interest incomeS$’000	(4,599)	(6,923)	PDF p. 54
Impairment loss on investment in an associated companyS$’000	-	21,900	PDF p. 54
Impairment loss on property, plant and equipment (net)S$’000	257	13,050	PDF p. 54
Impairment loss on goodwillS$’000	8,024	654	PDF p. 54
Gain on disposal of an associated companyS$’000	(5,127)	-	PDF p. 54
Gain on disposal of an investment at FVOCIS$’000	(244)	-	PDF p. 54
Gain on disposal including write-off of property, plant and equipment (net)S$’000	(362)	(3)	PDF p. 54
Loss on disposal of a subsidiaryS$’000	215	-	PDF p. 54
Provision for retirement benefits (net)S$’000	1,031	583	PDF p. 54
Share of results of associated companies, net of taxS$’000	(1,246)	1,296	PDF p. 54
Exchange differences and other adjustmentsS$’000	1,378	315	PDF p. 54
Operating cash flows before working capital changesS$’000	71,875	34,219	PDF p. 54
Changes in working capital, net of effects from disposal of subsidiaries:
InventoriesS$’000	(3,864)	17,914	PDF p. 54
Receivables, prepayments and other assetsS$’000	(12,517)	14,741	PDF p. 54
Deferred incomeS$’000	57	74	PDF p. 54
Trade and other payablesS$’000	20,984	(22,855)	PDF p. 54
Cash generated from operationsS$’000	76,535	44,093	PDF p. 54
Income tax paidS$’000	(9,625)	(5,433)	PDF p. 54
Retirement benefits paidS$’000	(333)	(143)	PDF p. 54
Net cash provided by operating activitiesS$’000	66,577	38,517	PDF p. 54

Definitions & sources

Original report: PDF p. 54 ↗

Consolidated cash flows — physical55 — FY2025 source

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Consolidated cash flows — physical55 — FY2025 source from NSL LTD Annual Report 2026
Metric / unit	2025Group — 1 January 2024 to 30 June 2025 — 18 months	2023Group — 1 January 2023 to 31 December 2023 — 12 months	Source
Cash Flows from Investing Activities
Net cash inflow from disposal of subsidiariesS$’000	381	-	PDF p. 55
Dividend received from associated companiesS$’000	1,002	283	PDF p. 55
Proceeds from the disposal of an associated companyS$’000	5,127	-	PDF p. 55
Proceeds from the disposal of an investment at FVOCIS$’000	244	-	PDF p. 55
Advances to a joint ventureS$’000	-	(2,553)	PDF p. 55
Repayment of long-term receivables from an associated companyS$’000	454	-	PDF p. 55
Proceeds from disposal of property, plant and equipmentS$’000	675	404	PDF p. 55
Proceeds from disposal of intangible assetsS$’000	108	-	PDF p. 55
Additions of property, plant and equipmentS$’000	(9,133)	(5,802)	PDF p. 55
Additions of intangible assetsS$’000	(1,131)	(1,092)	PDF p. 55
Proceeds from maturity of investments at amortised costS$’000	503	2,000	PDF p. 55
Interest receivedS$’000	4,925	7,754	PDF p. 55
Net cash provided by investing activitiesS$’000	3,155	994	PDF p. 55
Cash Flows from Financing Activities
Proceeds from borrowingsS$’000	11,392	4,082	PDF p. 55
Repayment of borrowingsS$’000	(28,679)	(13,940)	PDF p. 55
Principal payment of lease liabilitiesS$’000	(4,065)	(2,808)	PDF p. 55
Interest paidS$’000	(1,903)	(1,970)	PDF p. 55
Bank deposits pledgedS$’000	(14)	-	PDF p. 55
Dividends paid to shareholdersS$’000	(18,678)	(168,101)	PDF p. 55
Net cash used in financing activitiesS$’000	(41,947)	(182,737)	PDF p. 55
Net increase/(decrease) in cash and cash equivalentsS$’000	27,785	(143,226)	PDF p. 55
Cash and cash equivalents at beginning of the period/yearS$’000	97,219	242,602	PDF p. 55
Effects of exchange rate changes on cash and cash equivalentsS$’000	(74)	(2,157)	PDF p. 55
Cash and cash equivalents at end of the periodS$’000	124,930	97,219	PDF p. 55

Definitions & sources

Original report: PDF p. 55 ↗

Financing-liabilities reconciliation — ending2025 — FY2025 source

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Financing-liabilities reconciliation — ending2025 — FY2025 source from NSL LTD Annual Report 2026
Metric / unit	2024Group — 1 January 2024 to 30 June 2025 — 18 months — Opening balance — 1 January 2024	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Proceeds from borrowings	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Principal and interest payments	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Remeasurement/modification of lease liability	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Additions during the period	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Interest expense	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Foreign exchange movement	2025Group — 1 January 2024 to 30 June 2025 — 18 months — Closing balance	Source
Financing-liabilities reconciliation — ending2025 — FY2025 source
borrowingsS$’000	18,934	11,392	(29,511)	-	-	753	(228)	1,340	PDF p. 56
Lease liabilitiesS$’000	14,430	-	(5,136)	-	1,833	1,032	69	12,228	PDF p. 56 Label p. 56

Definitions & sources

Original report: PDF p. 56 ↗

Financing-liabilities reconciliation — ending2023 — FY2025 source

2 metrics

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Financing-liabilities reconciliation — ending2023 — FY2025 source from NSL LTD Annual Report 2026
Metric / unit	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Opening balance — 1 January 2023	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Proceeds from borrowings	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Principal and interest payments	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Remeasurement/modification of lease liability	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Additions during the period	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Interest expense	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Foreign exchange movement	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Closing balance	Source
Financing-liabilities reconciliation — ending2023 — FY2025 source
borrowingsS$’000	28,803	4,082	(15,254)	-	-	1,314	(11)	18,934	PDF p. 56
Lease liabilitiesS$’000	13,452	-	(3,464)	2,768	1,027	656	(9)	14,430	PDF p. 56 Label p. 56

Definitions & sources

Original report: PDF p. 56 ↗

Consolidated income statement — FY2023 source

20 metrics

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Consolidated income statement — FY2023 source from NSL LTD Annual Report 2026
Metric / unit	2023Group — 1 January 2023 to 31 December 2023 — 12 months	2022Group — 1 January 2022 to 31 December 2022 — 12 months	Source
Consolidated income statement — FY2023 source
SalesS$’000	298,083	369,674	PDF p. 44
Cost of salesS$’000	(244,333)	(309,965)	PDF p. 44
Gross profitS$’000	53,750	59,709	PDF p. 44
Other income
- InterestS$’000	6,923	2,522	PDF p. 44
- OthersS$’000	1,795	2,942	PDF p. 44
Other losses, netS$’000	(548)	(242)	PDF p. 44
Impairment loss on goodwillS$’000	(654)	-	PDF p. 44
Impairment loss on property, plant and equipmentS$’000	(13,050)	-	PDF p. 44
Impairment loss on investment in an associated companyS$’000	(21,900)	(16,112)	PDF p. 44
Distribution costsS$’000	(7,414)	(7,953)	PDF p. 44
Administrative expensesS$’000	(29,937)	(27,664)	PDF p. 44
Loss allowance on trade receivables, netS$’000	(1,160)	(4,903)	PDF p. 44
Finance costsS$’000	(2,028)	(1,634)	PDF p. 44
Share of results of associated companies, net of taxS$’000	(1,296)	7,249	PDF p. 44
(Loss)/profit before income taxS$’000	(15,519)	13,914	PDF p. 44
Income tax expenseS$’000	(4,120)	(4,318)	PDF p. 44
Total (loss)/profit for the financial yearS$’000	(19,639)	9,596	PDF p. 44
(Loss)/profit attributable to: Equity holders of the CompanyS$’000	(18,697)	10,697	PDF p. 44 Label p. 44
Non-controlling interestsS$’000	(942)	(1,101)	PDF p. 44
SubtotalS$’000	(19,639)	9,596	PDF p. 44

Definitions & sources

Original report: PDF p. 44 ↗

Earnings per share — FY2023 source

1 metrics

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Earnings per share — FY2023 source from NSL LTD Annual Report 2026
Metric / unit	2023Group — 1 January 2023 to 31 December 2023 — 12 months	2022Group — 1 January 2022 to 31 December 2022 — 12 months	Source
Other income
Basic and fully diluted (loss)/earnings per share (cents)Singapore cents per share	(5.01)	2.86	PDF p. 44

Definitions & sources

Original report: PDF p. 44 ↗

Consolidated comprehensive income — FY2023 source

12 metrics

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Consolidated comprehensive income — FY2023 source from NSL LTD Annual Report 2026
Metric / unit	2023Group — 1 January 2023 to 31 December 2023 — 12 months	2022Group — 1 January 2022 to 31 December 2022 — 12 months	Source
Consolidated comprehensive income — FY2023 source
Total (loss)/profit for the financial yearS$’000	(19,639)	9,596	PDF p. 45
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations - Loss arising during the yearS$’000	(2,453)	(6,947)	PDF p. 45 Label p. 45
Share of other comprehensive loss of associated companiesS$’000	(481)	(232)	PDF p. 45
SubtotalS$’000	(2,934)	(7,179)	PDF p. 45
Items that will not be reclassified subsequently to profit or loss:
Fair value loss arising from financial assets, at FVOCI*S$’000	(286)	(444)	PDF p. 45
Exchange differences on translating foreign operations - Gain arising during the yearS$’000	156	55	PDF p. 45 Label p. 45
Share of other comprehensive loss of associated companiesS$’000	(307)	(875)	PDF p. 45
Other comprehensive loss for the year, net of taxS$’000	(3,371)	(8,443)	PDF p. 45
Total comprehensive (loss)/income for the year, net of taxS$’000	(23,010)	1,153	PDF p. 45
Total comprehensive (loss)/income attributable to:
Equity holders of the CompanyS$’000	(22,224)	2,199	PDF p. 45
Non-controlling interestsS$’000	(786)	(1,046)	PDF p. 45
SubtotalS$’000	(23,010)	1,153	PDF p. 45

Definitions & sources

Original report: PDF p. 45 ↗

Group / Company balance sheets — physical46 — FY2023 source

24 metrics

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Group / Company balance sheets — physical46 — FY2023 source from NSL LTD Annual Report 2026
Metric / unit	2023Group — as at 31 December 2023	2022Group — as at 31 December 2022	2023Company — as at 31 December 2023	2022Company — as at 31 December 2022	Source
Group / Company balance sheets — physical46 — FY2023 source
Share capitalS$’000	193,839	193,839	193,839	193,839	PDF p. 46
ReservesS$’000	80,418	270,724	14,209	86,762	PDF p. 46
Shareholders’ equityS$’000	274,257	464,563	208,048	280,601	PDF p. 46
Non-controlling interestsS$’000	(6,282)	(5,496)	-	-	PDF p. 46
TOTAL EQUITYS$’000	267,975	459,067	208,048	280,601	PDF p. 46
CURRENT ASSETS
InventoriesS$’000	34,862	52,776	-	-	PDF p. 46
Receivables, prepayments and other current assetsS$’000	83,120	96,142	15,812	67,629	PDF p. 46 Label p. 46
Other investments at amortised costS$’000	503	2,000	503	2,000	PDF p. 46
Tax recoverableS$’000	804	918	-	-	PDF p. 46
Cash and bank balancesS$’000	122,719	268,102	50,891	168,602	PDF p. 46
SubtotalS$’000	242,008	419,938	67,206	238,231	PDF p. 46
NON-CURRENT ASSETS
Property, plant and equipmentS$’000	87,096	108,496	340	186	PDF p. 46
Right-of-use assetsS$’000	29,219	28,635	259	549	PDF p. 46
Investments in subsidiariesS$’000	-	-	36,231	60,338	PDF p. 46
Investment in a joint ventureS$’000	2	-	-	-	PDF p. 46
Investments in associated companiesS$’000	10,357	34,231	-	-	PDF p. 46
Long term receivablesS$’000	454	465	154,128	28,108	PDF p. 46
Financial assets, at FVOCIS$’000	909	1,195	909	904	PDF p. 46
Other investments at amortised costS$’000	1,744	2,254	1,744	2,254	PDF p. 46
Intangible assetsS$’000	9,329	9,420	-	-	PDF p. 46
Deferred tax assetsS$’000	2,369	2,482	-	-	PDF p. 46
Other non-current assetsS$’000	219	235	-	-	PDF p. 46
SubtotalS$’000	141,698	187,413	193,611	92,339	PDF p. 46
TOTAL ASSETSS$’000	383,706	607,351	260,817	330,570	PDF p. 46

Definitions & sources

Original report: PDF p. 46 ↗

Group / Company balance sheets — physical47 — FY2023 source

15 metrics

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Group / Company balance sheets — physical47 — FY2023 source from NSL LTD Annual Report 2026
Metric / unit	2023Group — as at 31 December 2023	2022Group — as at 31 December 2022	2023Company — as at 31 December 2023	2022Company — as at 31 December 2022	Source
CURRENT LIABILITIES
BorrowingsS$’000	(4,188)	(26,499)	-	-	PDF p. 47
Lease liabilitiesS$’000	(2,426)	(2,655)	(244)	(285)	PDF p. 47
Trade, other payables and other current liabilitiesS$’000	(69,803)	(93,209)	(43,596)	(39,227)	PDF p. 47 Label p. 47
Current income tax liabilitiesS$’000	(2,972)	(4,019)	(1,300)	(382)	PDF p. 47
Deferred incomeS$’000	(26)	(26)	-	-	PDF p. 47
SubtotalS$’000	(79,415)	(126,408)	(45,140)	(39,894)	PDF p. 47
NON-CURRENT LIABILITIES
Provision for retirement benefitsS$’000	(3,928)	(3,587)	-	-	PDF p. 47
Deferred tax liabilitiesS$’000	(2,123)	(2,203)	(64)	(147)	PDF p. 47
BorrowingsS$’000	(14,746)	(2,304)	-	-	PDF p. 47
Lease liabilitiesS$’000	(12,004)	(10,797)	(5)	(249)	PDF p. 47
Deferred incomeS$’000	(412)	(402)	-	-	PDF p. 47
Other non-current liabilitiesS$’000	(3,103)	(2,583)	(7,560)	(9,679)	PDF p. 47
SubtotalS$’000	(36,316)	(21,876)	(7,629)	(10,075)	PDF p. 47
TOTAL LIABILITIESS$’000	(115,731)	(148,284)	(52,769)	(49,969)	PDF p. 47
NET ASSETSS$’000	267,975	459,067	208,048	280,601	PDF p. 47

Definitions & sources

Original report: PDF p. 47 ↗

Consolidated changes in equity — FY2023 source — ending2023

9 metrics

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Consolidated changes in equity — FY2023 source — ending2023 from NSL LTD Annual Report 2026
Metric / unit	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Share capital	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Revenue reserve	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Foreign currency translation reserve	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Fair value reserve	2023Group — 1 January 2023 to 31 December 2023 — 12 months — General and other reserve	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Equity attributable to owners	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Non-controlling interests	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Total equity	Source
THE GROUP
Balance as at 1 January 2023S$’000	193,839	275,323	(8,894)	4,381	(86)	464,563	(5,496)	459,067	PDF p. 48
Loss for the yearS$’000	-	(18,697)	-	-	-	(18,697)	(942)	(19,639)	PDF p. 48
Other comprehensive (loss)/ income for the yearS$’000	-	-	(2,934)	(593)	-	(3,527)	156	(3,371)	PDF p. 48 Label p. 48
Total comprehensive loss for the yearS$’000	-	(18,697)	(2,934)	(593)	-	(22,224)	(786)	(23,010)	PDF p. 48 Label p. 48
Transfer to statutory reserveS$’000	-	(183)	-	-	183	-	-	-	PDF p. 48
Dividends paidS$’000	-	(168,101)	-	-	-	(168,101)	-	(168,101)	PDF p. 48
Write-back of long outstanding dividend payablesS$’000	-	19	-	-	-	19	-	19	PDF p. 48 Label p. 48
Total transactions with owners, recognised directly in equityS$’000	-	(168,082)	-	-	-	(168,082)	-	(168,082)	PDF p. 48 Label p. 48
Balance as at 31 December 2023S$’000	193,839	88,361	(11,828)	3,788	97	274,257	(6,282)	267,975	PDF p. 48 Label p. 48

Definitions & sources

Original report: PDF p. 48 ↗

Consolidated changes in equity — FY2023 source — ending2022

8 metrics

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Consolidated changes in equity — FY2023 source — ending2022 from NSL LTD Annual Report 2026
Metric / unit	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Share capital	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Revenue reserve	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Foreign currency translation reserve	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Fair value reserve	2022Group — 1 January 2022 to 31 December 2022 — 12 months — General and other reserve	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Equity attributable to owners	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Non-controlling interests	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Total equity	Source
THE GROUP
Balance as at 1 January 2022S$’000	193,839	283,304	(1,715)	5,703	(89)	481,042	(4,357)	476,685	PDF p. 48
Profit for the yearS$’000	-	10,697	-	-	-	10,697	(1,101)	9,596	PDF p. 48
Other comprehensive (loss)/ income for the yearS$’000	-	-	(7,179)	(1,322)	3	(8,498)	55	(8,443)	PDF p. 48 Label p. 48
Total comprehensive income/ (loss) for the yearS$’000	-	10,697	(7,179)	(1,322)	3	2,199	(1,046)	1,153	PDF p. 48 Label p. 48
Dividends paidS$’000	-	(18,678)	-	-	-	(18,678)	-	(18,678)	PDF p. 48
Total transactions with owners, recognised directly in equityS$’000	-	(18,678)	-	-	-	(18,678)	-	(18,678)	PDF p. 48 Label p. 48
Disposal of subsidiariesS$’000	-	-	-	-	-	-	(93)	(93)	PDF p. 48
Balance as at 31 December 2022S$’000	193,839	275,323	(8,894)	4,381	(86)	464,563	(5,496)	459,067	PDF p. 48 Label p. 48

Definitions & sources

Original report: PDF p. 48 ↗

Consolidated cash flows — physical49 — FY2023 source

27 metrics

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Consolidated cash flows — physical49 — FY2023 source from NSL LTD Annual Report 2026
Metric / unit	2023Group — 1 January 2023 to 31 December 2023 — 12 months	2022Group — 1 January 2022 to 31 December 2022 — 12 months	Source
Cash Flows from Operating Activities
(Loss)/profit for the financial yearS$’000	(19,639)	9,596	PDF p. 49
Adjustments for:
Income tax expenseS$’000	4,120	4,318	PDF p. 49
Amortisation of intangible assetsS$’000	533	329	PDF p. 49
Amortisation of deferred incomeS$’000	(64)	(86)	PDF p. 49
Depreciation of property, plant and equipmentS$’000	12,972	13,473	PDF p. 49
Depreciation of right-of-use assetsS$’000	3,397	3,493	PDF p. 49
Interest expenseS$’000	2,028	1,634	PDF p. 49
Interest incomeS$’000	(6,923)	(2,522)	PDF p. 49
Dividend income from financial assets, at FVOCIS$’000	-	(29)	PDF p. 49
Impairment loss on investment in an associated companyS$’000	21,900	16,112	PDF p. 49
Impairment loss on property, plant and equipmentS$’000	13,050	-	PDF p. 49
Impairment loss on goodwillS$’000	654	-	PDF p. 49
Dilution gain on investment in an associated companyS$’000	-	(385)	PDF p. 49
Gain on disposal including write-off of property, plant and equipment (net)S$’000	(3)	(100)	PDF p. 49
Gain on disposal of subsidiary companiesS$’000	-	(1,380)	PDF p. 49
Provision for retirement benefits (net)S$’000	583	425	PDF p. 49
Share of results of associated companies, net of taxS$’000	1,296	(7,249)	PDF p. 49
Exchange differencesS$’000	315	538	PDF p. 49
Operating cash flows before working capital changesS$’000	34,219	38,167	PDF p. 49
Changes in working capital, net of effects from disposal of subsidiaries:
InventoriesS$’000	17,914	(2,864)	PDF p. 49
Receivables and prepaymentsS$’000	14,741	(21,351)	PDF p. 49
Deferred incomeS$’000	74	58	PDF p. 49
Trade and other payablesS$’000	(22,855)	24,775	PDF p. 49
Cash generated from operationsS$’000	44,093	38,785	PDF p. 49
Income tax paidS$’000	(5,433)	(100)	PDF p. 49
Retirement benefits paidS$’000	(143)	(220)	PDF p. 49
Net cash provided by operating activitiesS$’000	38,517	38,465	PDF p. 49

Definitions & sources

Original report: PDF p. 49 ↗

Consolidated cash flows — physical50 — FY2023 source

22 metrics

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Consolidated cash flows — physical50 — FY2023 source from NSL LTD Annual Report 2026
Metric / unit	2023Group — 1 January 2023 to 31 December 2023 — 12 months	2022Group — 1 January 2022 to 31 December 2022 — 12 months	Source
Cash Flows from Investing Activities
Net cash inflow from disposal of subsidiariesS$’000	-	2,457	PDF p. 50
Dividend from an associated companyS$’000	283	-	PDF p. 50
Dividends received from financial assets, at FVOCIS$’000	-	29	PDF p. 50
Advances to a joint ventureS$’000	(2,553)	-	PDF p. 50
Proceeds from disposal of property, plant and equipmentS$’000	404	447	PDF p. 50
Additions of property, plant and equipmentS$’000	(5,802)	(15,641)	PDF p. 50
Additions of intangible assetsS$’000	(1,092)	(167)	PDF p. 50
Purchases of financial assets, at amortised costS$’000	-	(3,743)	PDF p. 50
Proceeds from maturity of investments at amortised costS$’000	2,000	-	PDF p. 50
Interest receivedS$’000	7,754	1,573	PDF p. 50
Net cash provided by/(used in) investing activitiesS$’000	994	(15,045)	PDF p. 50
Cash Flows from Financing Activities
Proceeds from borrowingsS$’000	4,082	12,742	PDF p. 50
Repayment of borrowingsS$’000	(13,940)	(18,229)	PDF p. 50
Principal payment of lease liabilityS$’000	(2,808)	(3,009)	PDF p. 50
Interest paidS$’000	(1,970)	(1,412)	PDF p. 50
Bank deposits pledgedS$’000	-	(8,100)	PDF p. 50
Dividends paid to shareholdersS$’000	(168,101)	(18,678)	PDF p. 50
Net cash used in financing activitiesS$’000	(182,737)	(36,686)	PDF p. 50
Net decrease in cash and cash equivalentsS$’000	(143,226)	(13,266)	PDF p. 50
Cash and cash equivalents at beginning of the financial yearS$’000	242,602	257,111	PDF p. 50
Effects of exchange rate changes on cash and cash equivalentsS$’000	(2,157)	(1,243)	PDF p. 50
Cash and cash equivalents at end of the financial yearS$’000	97,219	242,602	PDF p. 50

Definitions & sources

Original report: PDF p. 50 ↗

Financing-liabilities reconciliation — ending2023 — FY2023 source

2 metrics

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Financing-liabilities reconciliation — ending2023 — FY2023 source from NSL LTD Annual Report 2026
Metric / unit	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Opening balance — 1 January 2023	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Proceeds from borrowings	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Principal and interest payments	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Remeasurement/modification of lease liability	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Additions during the period	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Interest expense	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Foreign exchange movement	2023Group — 1 January 2023 to 31 December 2023 — 12 months — Closing balance	Source
Financing-liabilities reconciliation — ending2023 — FY2023 source
Bank borrowingsS$’000	28,803	4,082	(15,254)	-	-	1,314	(11)	18,934	PDF p. 51
Lease liabilitiesS$’000	13,452	-	(3,464)	2,768	1,027	656	(9)	14,430	PDF p. 51

Definitions & sources

Original report: PDF p. 51 ↗

Financing-liabilities reconciliation — ending2022 — FY2023 source

2 metrics

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Financing-liabilities reconciliation — ending2022 — FY2023 source from NSL LTD Annual Report 2026
Metric / unit	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Opening balance — 1 January 2022	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Proceeds from borrowings	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Principal and interest payments	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Remeasurement/modification of lease liability	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Additions during the period	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Interest expense	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Foreign exchange movement	2022Group — 1 January 2022 to 31 December 2022 — 12 months — Closing balance	Source
Financing-liabilities reconciliation — ending2022 — FY2023 source
Bank borrowingsS$’000	34,485	12,742	(19,117)	-	-	888	(195)	28,803	PDF p. 51
Lease liabilitiesS$’000	16,130	-	(3,533)	-	516	524	(185)	13,452	PDF p. 51

Definitions & sources

Original report: PDF p. 51 ↗

Consolidated income statement — FY2021 source

17 metrics

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Consolidated income statement — FY2021 source from NSL LTD Annual Report 2026
Metric / unit	2021Group — 1 January 2021 to 31 December 2021 — 12 months	2020Group — 1 January 2020 to 31 December 2020 — 12 months	Source
Consolidated income statement — FY2021 source
SalesS$’000	259,645	247,106	PDF p. 43
Cost of salesS$’000	(222,867)	(218,622)	PDF p. 43
Gross profitS$’000	36,778	28,484	PDF p. 43
Other income
- InterestS$’000	1,618	3,989	PDF p. 43
- OthersS$’000	3,773	7,040	PDF p. 43
Other gains and lossesS$’000	(1,105)	(9,695)	PDF p. 43
Distribution costsS$’000	(7,693)	(7,760)	PDF p. 43
Administrative expensesS$’000	(25,159)	(28,042)	PDF p. 43
Write-back of / (loss) allowance on trade receivables, netS$’000	356	(1,790)	PDF p. 43
Finance costsS$’000	(1,469)	(1,734)	PDF p. 43
Share of results of associated companies, net of taxS$’000	(704)	(7,403)	PDF p. 43
Profit / (loss) before income taxS$’000	6,395	(16,911)	PDF p. 43
Income tax expenseS$’000	(2,050)	(2,374)	PDF p. 43
Total profit / (loss) for the financial yearS$’000	4,345	(19,285)	PDF p. 43
Profit / (loss) attributable to: Equity holders of the CompanyS$’000	4,896	(16,619)	PDF p. 43 Label p. 43
Loss attributable to non-controlling interestS$’000	(551)	(2,666)	PDF p. 43
SubtotalS$’000	4,345	(19,285)	PDF p. 43

Definitions & sources

Original report: PDF p. 43 ↗

Earnings per share — FY2021 source

1 metrics

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Earnings per share — FY2021 source from NSL LTD Annual Report 2026
Metric / unit	2021Group — 1 January 2021 to 31 December 2021 — 12 months	2020Group — 1 January 2020 to 31 December 2020 — 12 months	Source
Other income
Basic and fully diluted earnings / (loss) per share (cents)Singapore cents per share	1.31	(4.45)	PDF p. 43

Definitions & sources

Original report: PDF p. 43 ↗

Consolidated comprehensive income — FY2021 source

12 metrics

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Consolidated comprehensive income — FY2021 source from NSL LTD Annual Report 2026
Metric / unit	2021Group — 1 January 2021 to 31 December 2021 — 12 months	2020Group — 1 January 2020 to 31 December 2020 — 12 months	Source
Consolidated comprehensive income — FY2021 source
Total profit / (loss) for the financial yearS$’000	4,345	(19,285)	PDF p. 44
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operations - (Losses)/gains arising during the yearS$’000	(3,499)	4,719	PDF p. 44 Label p. 44
Share of other comprehensive income/(losses) of associated companiesS$’000	1,756	(310)	PDF p. 44
SubtotalS$’000	(1,743)	4,409	PDF p. 44
Items that will not be reclassified subsequently to profit or loss:
Fair value gain arising from financial assets, at FVOCI*S$’000	452	11,860	PDF p. 44
Exchange differences on translating foreign operations - (Losses)/gains arising during the yearS$’000	(124)	117	PDF p. 44 Label p. 44
Share of other comprehensive gains of associated companiesS$’000	368	4,177	PDF p. 44
Other comprehensive (loss)/gain for the year, net of taxS$’000	(1,047)	20,563	PDF p. 44
Total comprehensive income for the year, net of taxS$’000	3,298	1,278	PDF p. 44
Total comprehensive income/(losses) attributable to:
Equity holders of the CompanyS$’000	3,973	3,827	PDF p. 44
Non-controlling interestsS$’000	(675)	(2,549)	PDF p. 44
SubtotalS$’000	3,298	1,278	PDF p. 44

Definitions & sources

Original report: PDF p. 44 ↗

Group / Company balance sheets — physical45 — FY2021 source

25 metrics

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Group / Company balance sheets — physical45 — FY2021 source from NSL LTD Annual Report 2026
Metric / unit	2021Group — as at 31 December 2021	2020Group — as at 31 December 2020	2021Company — as at 31 December 2021	2020Company — as at 31 December 2020	Source
Group / Company balance sheets — physical45 — FY2021 source
Share capitalS$’000	193,839	193,839	193,839	193,839	PDF p. 45
ReservesS$’000	287,203	301,617	131,166	149,875	PDF p. 45
Shareholders’ equityS$’000	481,042	495,456	325,005	343,714	PDF p. 45
Non-controlling interestsS$’000	(4,357)	(3,682)	-	-	PDF p. 45
TOTAL EQUITYS$’000	476,685	491,774	325,005	343,714	PDF p. 45
CURRENT ASSETS
InventoriesS$’000	52,978	51,168	-	-	PDF p. 45
Receivables, prepayments and other current assetsS$’000	76,001	79,796	12,836	13,170	PDF p. 45 Label p. 45
Other investments at amortised costS$’000	-	2,006	-	2,006	PDF p. 45
Tax recoverableS$’000	961	2,593	-	-	PDF p. 45
Cash and cash equivalentsS$’000	274,511	300,210	209,581	228,046	PDF p. 45
SubtotalS$’000	404,451	435,773	222,417	243,222	PDF p. 45
Assets of disposal group classified as
held-for-saleS$’000	1,269	-	-	-	PDF p. 45
SubtotalS$’000	405,720	435,773	222,417	243,222	PDF p. 45
NON-CURRENT ASSETS
Property, plant and equipmentS$’000	108,460	112,649	270	371	PDF p. 45
Right-of-use assetsS$’000	32,032	35,929	845	1,119	PDF p. 45
Investments in subsidiariesS$’000	-	-	85,232	85,232	PDF p. 45
Investments in associated companiesS$’000	46,320	46,838	-	-	PDF p. 45
Long term receivablesS$’000	467	458	64,365	64,213	PDF p. 45
Financial assets, at FVOCIS$’000	1,639	1,187	1,348	896	PDF p. 45
Other investments at amortised costS$’000	517	-	517	-	PDF p. 45
Intangible assetsS$’000	9,503	9,866	-	-	PDF p. 45
Deferred tax assetsS$’000	2,607	2,614	-	-	PDF p. 45
Other non-current assetsS$’000	239	105	-	-	PDF p. 45
SubtotalS$’000	201,784	209,646	152,577	151,831	PDF p. 45
TOTAL ASSETSS$’000	607,504	645,419	374,994	395,053	PDF p. 45

Definitions & sources

Original report: PDF p. 45 ↗

Group / Company balance sheets — physical46 — FY2021 source

17 metrics

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Group / Company balance sheets — physical46 — FY2021 source from NSL LTD Annual Report 2026
Metric / unit	2021Group — as at 31 December 2021	2020Group — as at 31 December 2020	2021Company — as at 31 December 2021	2020Company — as at 31 December 2020	Source
CURRENT LIABILITIES
BorrowingsS$’000	(16,365)	(14,827)	-	-	PDF p. 46
Lease liabilitiesS$’000	(2,943)	(3,653)	(277)	(266)	PDF p. 46
Trade, other payables and other current liabilitiesS$’000	(71,515)	(88,123)	(39,480)	(40,555)	PDF p. 46 Label p. 46
Current income tax liabilitiesS$’000	(136)	(2,019)	-	-	PDF p. 46
Deferred incomeS$’000	(29)	(29)	-	-	PDF p. 46
SubtotalS$’000	(90,988)	(108,651)	(39,757)	(40,821)	PDF p. 46
Liabilities directly associated with disposal
group classified as held-for-saleS$’000	(87)	-	-	-	PDF p. 46
SubtotalS$’000	(91,075)	(108,651)	(39,757)	(40,821)	PDF p. 46
NON-CURRENT LIABILITIES
Provision for retirement benefitsS$’000	(3,420)	(3,451)	-	-	PDF p. 46
Deferred tax liabilitiesS$’000	(2,012)	(2,119)	(20)	(46)	PDF p. 46
BorrowingsS$’000	(18,120)	(21,107)	-	-	PDF p. 46
Lease liabilitiesS$’000	(13,187)	(15,334)	(534)	(793)	PDF p. 46
Deferred incomeS$’000	(427)	(405)	-	-	PDF p. 46
Other non-current liabilitiesS$’000	(2,578)	(2,578)	(9,678)	(9,679)	PDF p. 46
SubtotalS$’000	(39,744)	(44,994)	(10,232)	(10,518)	PDF p. 46
TOTAL LIABILITIESS$’000	(130,819)	(153,645)	(49,989)	(51,339)	PDF p. 46
NET ASSETSS$’000	476,685	491,774	325,005	343,714	PDF p. 46

Definitions & sources

Original report: PDF p. 46 ↗

Consolidated changes in equity — FY2021 source — ending2021

8 metrics

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Consolidated changes in equity — FY2021 source — ending2021 from NSL LTD Annual Report 2026
Metric / unit	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Share capital	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Revenue reserve	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Foreign currency translation reserve	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Fair value reserve	2021Group — 1 January 2021 to 31 December 2021 — 12 months — General and other reserve	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Equity attributable to owners	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Non-controlling interests	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Total equity	Source
THE GROUP
Balance as at 1 January 2021S$’000	193,839	296,795	28	5,526	(732)	495,456	(3,682)	491,774	PDF p. 47
Profit for the yearS$’000	-	4,896	-	-	-	4,896	(551)	4,345	PDF p. 47
Other comprehensive (losses)/income for the yearS$’000	-	-	(1,743)	177	643	(923)	(124)	(1,047)	PDF p. 47 Label p. 47
Total comprehensive income/(losses) for the yearS$’000	-	4,896	(1,743)	177	643	3,973	(675)	3,298	PDF p. 47 Label p. 47
Dividends paidS$’000	-	(18,678)	-	-	-	(18,678)	-	(18,678)	PDF p. 47
Write-back of long outstanding dividend payablesS$’000	-	291	-	-	-	291	-	291	PDF p. 47 Label p. 47
Total transactions with owners, recognised directly in equityS$’000	-	(18,387)	-	-	-	(18,387)	-	(18,387)	PDF p. 47 Label p. 47
Balance as at 31 December 2021S$’000	193,839	283,304	(1,715)	5,703	(89)	481,042	(4,357)	476,685	PDF p. 47

Definitions & sources

Original report: PDF p. 47 ↗

Consolidated changes in equity — FY2021 source — ending2020

8 metrics

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Consolidated changes in equity — FY2021 source — ending2020 from NSL LTD Annual Report 2026
Metric / unit	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Share capital	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Revenue reserve	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Foreign currency translation reserve	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Fair value reserve	2020Group — 1 January 2020 to 31 December 2020 — 12 months — General and other reserve	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Equity attributable to owners	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Non-controlling interests	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Total equity	Source
THE GROUP
Balance as at 1 January 2020S$’000	193,839	316,435	(4,381)	4,973	(559)	510,307	(1,133)	509,174	PDF p. 47
Loss for the yearS$’000	-	(16,619)	-	-	-	(16,619)	(2,666)	(19,285)	PDF p. 47
Other comprehensive income / (losses) for the yearS$’000	-	-	4,409	16,210	(173)	20,446	117	20,563	PDF p. 47 Label p. 47
Transfer to revenue reserve upon disposal of financial asset, at FVOCIS$’000	-	15,657	-	(15,657)	-	-	-	-	PDF p. 47 Label p. 47
Total comprehensive (losses) / income for the yearS$’000	-	(962)	4,409	553	(173)	3,827	(2,549)	1,278	PDF p. 47 Label p. 47
Dividends paidS$’000	-	(18,678)	-	-	-	(18,678)	-	(18,678)	PDF p. 47
Total transactions with owners, recognised directly in equityS$’000	-	(18,678)	-	-	-	(18,678)	-	(18,678)	PDF p. 47 Label p. 47
Balance as at 31 December 2020S$’000	193,839	296,795	28	5,526	(732)	495,456	(3,682)	491,774	PDF p. 47

Definitions & sources

Original report: PDF p. 47 ↗

Consolidated cash flows — physical48 — FY2021 source

27 metrics

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Consolidated cash flows — physical48 — FY2021 source from NSL LTD Annual Report 2026
Metric / unit	2021Group — 1 January 2021 to 31 December 2021 — 12 months	2020Group — 1 January 2020 to 31 December 2020 — 12 months	Source
Cash Flows from Operating Activities
Profit / (loss) for the financial yearS$’000	4,345	(19,285)	PDF p. 48
Adjustments for:
TaxationS$’000	2,050	2,374	PDF p. 48
Amortisation of intangible assetsS$’000	480	803	PDF p. 48
Amortisation of deferred incomeS$’000	(29)	(177)	PDF p. 48
Depreciation of property, plant and equipmentS$’000	12,613	13,863	PDF p. 48
Depreciation of right-of-use assetsS$’000	3,543	4,599	PDF p. 48
Interest expenseS$’000	1,469	1,734	PDF p. 48
Interest incomeS$’000	(1,618)	(3,989)	PDF p. 48
Dividend income from financial assets, at FVOCIS$’000	(6)	(21)	PDF p. 48
Impairment of property, plant and equipmentS$’000	-	7,227	PDF p. 48
Impairment of right-of-use assetsS$’000	-	2,014	PDF p. 48
Loss on disposal including write-off of property, plant and equipment (net)S$’000	195	63	PDF p. 48
Gain on modification of leaseS$’000	(26)	-	PDF p. 48
Restructuring costsS$’000	634	-	PDF p. 48
Provision for retirement benefits (net)S$’000	337	533	PDF p. 48
Share of results of associated companies, net of taxS$’000	704	7,403	PDF p. 48
Exchange differences and other adjustmentsS$’000	(188)	706	PDF p. 48
Operating cash flows before working capital changesS$’000	24,503	17,847	PDF p. 48
Changes in working capital
InventoriesS$’000	(1,810)	(5,442)	PDF p. 48
Receivables and prepaymentsS$’000	3,563	14,481	PDF p. 48
Deferred incomeS$’000	51	51	PDF p. 48
Trade and other payablesS$’000	(15,729)	(5,091)	PDF p. 48
Cash generated from operationsS$’000	10,578	21,846	PDF p. 48
Income tax paidS$’000	(2,297)	(1,103)	PDF p. 48
Restructuring costs paidS$’000	(634)	(203)	PDF p. 48
Retirement benefits paidS$’000	(429)	(937)	PDF p. 48
Net cash generated from operating activitiesS$’000	7,218	19,603	PDF p. 48

Definitions & sources

Original report: PDF p. 48 ↗

Consolidated cash flows — physical49 — FY2021 source

22 metrics

Units appear below each metric. Scroll to compare years

Consolidated cash flows — physical49 — FY2021 source from NSL LTD Annual Report 2026
Metric / unit	2021Group — 1 January 2021 to 31 December 2021 — 12 months	2020Group — 1 January 2020 to 31 December 2020 — 12 months	Source
Cash Flows from Investing Activities
Proceeds from disposal of property, plant and equipmentS$’000	160	289	PDF p. 49
Proceeds from disposal of financial assets, at FVOCIS$’000	-	21,875	PDF p. 49
Net cash inflow from disposal of subsidiariesS$’000	-	3,000	PDF p. 49
Purchases of property, plant and equipmentS$’000	(9,373)	(8,688)	PDF p. 49
Purchases of right-of-use assetsS$’000	(305)	-	PDF p. 49
Purchases of intangible assetsS$’000	(158)	(272)	PDF p. 49
Purchases of financial assets, at amortised costS$’000	(517)	-	PDF p. 49
Interest receivedS$’000	1,819	4,518	PDF p. 49
Dividends received from financial assets, at FVOCIS$’000	6	21	PDF p. 49
Proceeds from maturity of investments at amortised costS$’000	2,006	500	PDF p. 49
Net cash (used in) / generated from investing activitiesS$’000	(6,362)	21,243	PDF p. 49
Cash Flows from Financing Activities
Proceeds from borrowingsS$’000	9,127	5,199	PDF p. 49
Repayment of borrowingsS$’000	(10,503)	(3,236)	PDF p. 49
Principal payment of lease liabilityS$’000	(4,157)	(4,354)	PDF p. 49
Interest paidS$’000	(1,469)	(1,734)	PDF p. 49
Bank deposits pledgedS$’000	7	130	PDF p. 49
Dividends paid to shareholdersS$’000	(18,678)	(18,678)	PDF p. 49
Net cash used in financing activitiesS$’000	(25,673)	(22,673)	PDF p. 49
Net (decrease)/increase in cash and cash equivalentsS$’000	(24,817)	18,173	PDF p. 49
Cash and cash equivalents at beginning of the financial yearS$’000	282,803	264,055	PDF p. 49
Effects of exchange rate changes on cash and cash equivalentsS$’000	(875)	575	PDF p. 49
Cash and cash equivalents at end of the financial yearS$’000	257,111	282,803	PDF p. 49

Definitions & sources

Original report: PDF p. 49 ↗

Financing-liabilities reconciliation — ending2021 — FY2021 source

2 metrics

Units appear below each metric. Scroll to compare years

Financing-liabilities reconciliation — ending2021 — FY2021 source from NSL LTD Annual Report 2026
Metric / unit	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Opening balance — 1 January 2021	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Proceeds from borrowings	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Principal and interest payments	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Remeasurement/modification of lease liability	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Additions during the period	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Interest expense	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Foreign exchange movement	2021Group — 1 January 2021 to 31 December 2021 — 12 months — Closing balance	Source
Financing-liabilities reconciliation — ending2021 — FY2021 source
Bank borrowingsS$’000	35,934	9,127	(10,503)	-	-	-	(73)	34,485	PDF p. 50
Lease liabilitiesS$’000	18,987	-	(4,872)	(507)	1,871	715	(64)	16,130	PDF p. 50

Definitions & sources

Original report: PDF p. 50 ↗

Financing-liabilities reconciliation — ending2020 — FY2021 source

2 metrics

Units appear below each metric. Scroll to compare years

Financing-liabilities reconciliation — ending2020 — FY2021 source from NSL LTD Annual Report 2026
Metric / unit	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Opening balance — 1 January 2020	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Proceeds from borrowings	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Principal and interest payments	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Rent concession	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Remeasurement/modification of lease liability	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Additions during the period	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Interest expense	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Foreign exchange movement	2020Group — 1 January 2020 to 31 December 2020 — 12 months — Closing balance	Source
Financing-liabilities reconciliation — ending2020 — FY2021 source
Bank borrowingsS$’000	33,979	5,199	(3,236)	-	-	-	-	(8)	35,934	PDF p. 50
Lease liabilitiesS$’000	20,615	-	(5,145)	(97)	277	2,453	791	93	18,987	PDF p. 50

Definitions & sources

Original report: PDF p. 50 ↗

Where the money comes from

Segment information

By business

Operating segments, year 1 July 2025 to 30 June 2026 22 lines

Operating segments, year 1 July 2025 to 30 June 2026
Item / unit	2026Precast & PBU	2026Environmental Services	2026Chemicals	2026Investment Holding & Others	2026Total	Source
Revenue
External salesS$'000	326,942	44,764	3,640	10,543	385,889	PDF p. 116
Inter-segment salesS$'000	-	3	1,888	1	1,892	PDF p. 116
Total revenueS$'000	326,942	44,767	5,528	10,544	387,781	PDF p. 116
EliminationS$'000	-	(3)	(1,888)	(1)	(1,892)	PDF p. 116
Results
Cost of salesS$'000	(260,648)	(40,509)	(878)	(6,490)	(308,525)	PDF p. 116
Adjusted profit before taxationS$'000	45,366	(4,491)	2,465	(2,857)	40,483	PDF p. 116
Write-back of impairment loss/(impairment loss) on property, plant and equipment, netS$'000	446	(6,500)	-	-	(6,054)	PDF p. 116
Profit before taxationS$'000	45,812	(10,991)	2,465	(2,857)	34,429	PDF p. 116
Other items
Interest incomeS$'000	701	13	3	813	1,530	PDF p. 116
Interest expenseS$'000	(621)	(263)	(129)	(4)	(1,017)	PDF p. 116
(Loss)/write-back of allowance on trade receivablesS$'000	(1,845)	-	1	9	(1,835)	PDF p. 116
Depreciation
- Property, plant and equipmentS$'000	(4,226)	(4,984)	(27)	(975)	(10,212)	PDF p. 116
- Right-of-use assetsS$'000	(1,401)	(1,171)	(923)	(429)	(3,924)	PDF p. 116
Amortisation
- Intangible assetsS$'000	(170)	(277)	-	(36)	(483)	PDF p. 116
- Deferred incomeS$'000	-	-	-	92	92	PDF p. 116
Other items
Share of results of associated companies, net of taxS$'000	-	-	37	504	541	PDF p. 116
Assets
Segment assetsS$'000	339,996	54,538	11,135	98,806	504,475	PDF p. 116
Segment assets include
Investment in associated companiesS$'000	11	-	3,594	7,818	11,423	PDF p. 116
Additions to
- Property, plant and equipmentS$'000	10,886	2,886	12	46	13,830	PDF p. 116
- Right-of-use assets, including remeasurements of lease liabilitiesS$'000	2,586	4,144	94	1,408	8,232	PDF p. 116
- Intangible assetsS$'000	149	113	-	130	392	PDF p. 116
Liabilities
Segment liabilitiesS$'000	167,939	18,497	3,411	6,515	196,362	PDF p. 116

Notes

Information for the reportable segments for the year from 1 July 2025 to 30 June 2026. Group executive management assesses performance based on profit/(loss) before taxation for continuing operations.

Operating segments, period 1 January 2024 to 30 June 2025 24 lines

Operating segments, period 1 January 2024 to 30 June 2025
Item / unit	2025Precast & PBU, period 1 Jan 2024 to 30 Jun 2025	2025Environmental Services, period 1 Jan 2024 to 30 Jun 2025	2025Chemicals, period 1 Jan 2024 to 30 Jun 2025	2025Investment Holding & Others, period 1 Jan 2024 to 30 Jun 2025	2025Total, period 1 Jan 2024 to 30 Jun 2025	Source
Revenue
External salesS$'000	349,893	92,579	6,553	16,870	465,895	PDF p. 117
Inter-segment salesS$'000	-	2	2,078	39	2,119	PDF p. 117
Total revenueS$'000	349,893	92,581	8,631	16,909	468,014	PDF p. 117
EliminationS$'000	-	(2)	(2,078)	(39)	(2,119)	PDF p. 117
Results
Cost of salesS$'000	(279,412)	(67,964)	(3,481)	(11,143)	(362,000)	PDF p. 117
Adjusted profit before taxationS$'000	42,289	7,542	421	836	51,088	PDF p. 117
Impairment loss on property, plant and equipmentS$'000	-	(257)	-	-	(257)	PDF p. 117
Impairment of goodwillS$'000	(8,024)	-	-	-	(8,024)	PDF p. 117
Gain on divestment of an associate and investment in FVOCIS$'000	-	-	-	5,371	5,371	PDF p. 117
Profit before taxationS$'000	34,265	7,285	421	6,207	48,178	PDF p. 117
Other items
Interest incomeS$'000	2,032	17	29	2,521	4,599	PDF p. 117
Interest expenseS$'000	(814)	(815)	(263)	(11)	(1,903)	PDF p. 117
(Loss)/write-back of allowance on trade receivablesS$'000	(3,013)	1	1	(67)	(3,078)	PDF p. 117
Depreciation
- Property, plant and equipmentS$'000	(5,449)	(9,734)	(111)	(1,593)	(16,887)	PDF p. 117
- Right-of-use assetsS$'000	(1,119)	(1,946)	(1,356)	(510)	(4,931)	PDF p. 117
Amortisation
- Intangible assetsS$'000	(347)	(393)	-	-	(740)	PDF p. 117
- Deferred incomeS$'000	-	-	-	91	91	PDF p. 117
Other items
Share of results of associated companies, net of taxS$'000	13	-	254	979	1,246	PDF p. 117
Assets
Segment assetsS$'000	236,026	59,333	10,191	102,440	407,990	PDF p. 117
Segment assets include
Investment in associated companiesS$'000	2	-	3,287	6,937	10,226	PDF p. 117
Additions to
- Property, plant and equipmentS$'000	6,037	2,573	54	469	9,133	PDF p. 117
- Right-of-use assetsS$'000	1,338	168	-	327	1,833	PDF p. 117
- Intangible assetsS$'000	324	807	-	-	1,131	PDF p. 117
Liabilities
Segment liabilitiesS$'000	89,702	16,803	4,575	5,595	116,675	PDF p. 117

Notes

Information for the reportable segments for the period from 1 January 2024 to 30 June 2025 (18-month period).

By geography

Geographical information: external sales and non-current assets 8 lines

Geographical information: external sales and non-current assets
Item / unit	2026External sales, financial year 1 Jul 2025 to 30 Jun 2026	2025External sales, financial period 1 Jan 2024 to 30 Jun 2025	2026Non-current assets at 30 June 2026	2025Non-current assets at 30 June 2025	Source
Geographical
SingaporeS$'000	135,900	157,262	61,605	67,390	PDF p. 118
MalaysiaS$'000	101,747	140,060	37,350	27,999	PDF p. 118
United Arab EmiratesS$'000	93,997	103,523	5,905	4,984	PDF p. 118
Europe
- FinlandS$'000	26,478	30,095	12,631	13,780	PDF p. 118
- NorwayS$'000	12,799	19,586	-	-	PDF p. 118
- OthersS$'000	10,729	14,744	-	-	PDF p. 118
Geographical
Other countriesS$'000	4,239	625	7,825	6,938	PDF p. 118
TotalS$'000	385,889	465,895	125,316	121,091	PDF p. 118

Notes

(1) External sales by geographical segment are determined based on locations of the respective customers.

(2) Non-current assets by geographical segment are based on locations of the respective assets. Non-current assets include property, plant and equipment, right-of-use assets, associated companies, intangible assets and other non-current assets.

Units S$’000.

Debt

Borrowings

Lease liabilities maturity

Lease liabilities maturity
Item / unit	2026The Group, 30 June 2026	2025The Group, 30 June 2025	2026The Company, 30 June 2026	2025The Company, 30 June 2025	Source
Lease liabilities
CurrentS$'000	3,933	2,637	339	114	PDF p. 108
Non-currentS$'000	12,917	9,591	829	-	PDF p. 108
Total lease liabilitiesS$'000	16,850	12,228	1,168	114	PDF p. 108

Notes

As at 30 June 2026, the Group and the Company have total lease liabilities of S$16,850,000 (2025: S$12,228,000) and S$1,168,000 (2025: S$114,000) respectively.

Total row has no printed label.

Liquidity risk: contractual undiscounted maturity of borrowings and lease liabilities

Liquidity risk: contractual undiscounted maturity of borrowings and lease liabilities — Group
Item / unit	202630 June 2026, Less than 1 year	202630 June 2026, Between 1 to 2 years	202630 June 2026, Between 2 to 5 years	202630 June 2026, Over 5 years	Source
The Group 30 June 2026
Lease liabilitiesS$'000	4,515	4,908	5,148	6,330	PDF p. 130
Short-term borrowingsS$'000	10,089	-	-	-	PDF p. 130

Notes

Based on contractual undiscounted cash flows from the balance sheet date to contractual maturity date.

Liquidity risk: contractual undiscounted maturity of borrowings and lease liabilities (Group, 30 June 2025)

Liquidity risk: contractual undiscounted maturity of borrowings and lease liabilities (Group, 30 June 2025) — Group
Item / unit	202530 June 2025, Less than 1 year	202530 June 2025, Between 1 to 2 years	202530 June 2025, Between 2 to 5 years	202530 June 2025, Over 5 years	Source
The Group 30 June 2025
Lease liabilitiesS$'000	3,251	2,870	3,771	6,383	PDF p. 130
Short-term borrowingsS$'000	702	-	-	-	PDF p. 130
Long-term borrowingsS$'000	-	689	-	-	PDF p. 130

Notes

Based on contractual undiscounted cash flows.

Borrowing notes 3 tables

Borrowings

Borrowings — Group
Item / unit	202630 June 2026, S$'000	202530 June 2025, S$'000	Source
Current: Bank loans
- SecuredS$'000	10,080	664	PDF p. 107
Non-current: Bank loans
- SecuredS$'000	-	676	PDF p. 107
Total
Total borrowingsS$'000	10,080	1,340	PDF p. 107

Notes

Total borrowings of the Group include bank borrowings and other short-term borrowings. The carrying value of non-current borrowings approximate their fair values.

Total row has no printed label; label 'Total borrowings' is a descriptor. No unsecured borrowings are shown.

26d: As at 30 June 2026, the banking facilities are secured against property, plant and equipment (Note 18) of a subsidiary of the Group and financial guarantee of the Company. As at 30 June 2025, secured against fixed and floating charge over bank deposits (Note 17) and property, plant and equipment (Note 18) of a subsidiary of the Group.

The 2025 column covers the 18-month period 1 January 2024 to 30 June 2025 per the report's change in year-end (balance at 30 June 2025).

Interest rates per annum of bank borrowings

Interest rates per annum of bank borrowings — The Group
Item / unit	202630 June 2026	202530 June 2025	Source
Loans denominated in
- Euro% per annum	3.67	3.15	PDF p. 108

Notes

Header prints S$’000 but values are interest rates per annum during the financial year/period.

5-Year Financial Summary: Group borrowings

5-Year Financial Summary: Group borrowings
Item / unit	2021Group	2022Group	2023Group	2025Group, 18-month financial period	2026Group	Source
Cash & Debt Position (S$'000)
Group borrowingsS$'000	34,485	28,803	18,934	1,340	10,080	PDF p. 6

Notes

* 2025 financial period comprises 18 months results, reflecting a change in the financial year-end from 31 December to 30 June.

The summary prints no 2024 column.

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Dividend policy	The Company does not have a formal dividend policy as contemplated by Provision 11.6 of the 2018 Code. The Board may from time to time consider paying dividends in a manner that is in line with the Group’s financial performance, taking into consideration the Group’s earnings, capital requirements and overall financial position.	Company	PDF p. 39

Dividends declared and proposed

Item	Value	Period / scope	Source
Interim dividend	2 cents per share	FY2026 (year ended 30 June 2026), tax exempt (one-tier), paid 18 March 2026	PDF p. 6
total dividend for the financial year	5 cents per ordinary share	FY2026 (year ended 30 June 2026)	PDF p. 12
Interim dividend	3 cents per share	FP2025 (18 months 1 January 2024 to 30 June 2025), exempt one-tier	PDF p. 6
Final dividend	1.5 cents per share	FP2025 (18 months 1 January 2024 to 30 June 2025), exempt one-tier	PDF p. 85

Extracted from NSL LTD Annual Report 2026 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

Item	Value	Period / scope	Source
Audit firm	PricewaterhouseCoopers LLP	Group	PDF p. 49
Engagement partner	Yeow Chee Keong	Group	PDF p. 49
Our Opinion	In our opinion, the accompanying consolidated financial statements of NSL Ltd.	Group and Company	PDF p. 45

Key audit matters

Item	Value	Period / scope	Source
Impairment assessment on trade receivables	We focused on this area because of the significant judgement and estimates required in the assessment of the expected credit loss recognised by the Group.	Group	PDF p. 46
Impairment assessment on property, plant and equipment (“PPE”) and right-of-use assets (“ROUA”) relating to the industrial wastewater business	We focused on this area because of the significant judgement and estimates involved in estimating the projected sales growth rates, projected gross profit margins and discount rate in computing the recoverable amount of the CGU.	Group	PDF p. 47

Extracted from NSL LTD Annual Report 2026 and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow NSL LTD Annual Report 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Consolidated income, comprehensive income, equity and cash-flow statements and Group/Company balance sheets are printed. Separate Company income/comprehensive-income/equity/cash-flow statements are not printed. The FY2025 comparative is an18month period from1January2024 to30June2025; other periods retain their printed dates and12month durations. No annualisation is inferred. Financing-liabilities reconciliations remain separate supplementary tables.

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