FortressMinerals OAJ

Original report: PDF p. 125 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 125 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 126 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 127 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 128 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 129 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 130 ↗

WholeUSD; cash flows, noncash additions, interest and FX are separate original columns. Bank borrowing and leases are distinct.

Original report: PDF p. 130 ↗

WholeUSD; cash flows, noncash additions, interest and FX are separate original columns. Bank borrowing and leases are distinct.

Original report: PDF p. 161 ↗

WholeUSD cash at banks plus cash on hand; Company cash separate from Group.

Original report: PDF p. 161 ↗

WholeUSD cash at banks plus cash on hand; Company cash separate from Group.

Original report: PDF p. 133 ↗

OriginalFIFO-to-weighted-average retrospective adjustment. EPS row US cents; other rows wholeUSD. Company position unaffected.

Original report: PDF p. 133 ↗

OriginalFIFO-to-weighted-average retrospective adjustment. EPS row US cents; other rows wholeUSD. Company position unaffected.

Original report: PDF p. 118 ↗

OriginalFY2025 before later inventory-policy restatement; current restated comparison separately displayed.

Original report: PDF p. 118 ↗

OriginalFY2025 before later inventory-policy restatement; current restated comparison separately displayed.

Original report: PDF p. 119 ↗

WholeUSD with US-cent EPS where printed. Original reporting basis, not silently substituted with later restated/comparative figures.

Original report: PDF p. 122 ↗

WholeUSD with US-cent EPS where printed. Original reporting basis, not silently substituted with later restated/comparative figures.

Original report: PDF p. 107 ↗

WholeUSD with US-cent EPS where printed. Original reporting basis, not silently substituted with later restated/comparative figures.

Original report: PDF p. 110 ↗

WholeUSD with US-cent EPS where printed. Original reporting basis, not silently substituted with later restated/comparative figures.

Original report: PDF p. 120 ↗

WholeUSD original equity; later restatement separately adds opening156628 plus profit173562.

Original report: PDF p. 169 ↗

Profit wholeUSD; weighted-share denominator whole ordinary shares; EPS US cents. No dilutive potential ordinary shares.

Original report: PDF p. 163 ↗

WholeUSD retained earnings movement; not a standalone Company equity statement.

Original report: PDF p. 118 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 118 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 119 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 121 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 122 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 122 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 122 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 123 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 125 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 126 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 106 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.

Original report: PDF p. 106 ↗

Five full financial years ended February 2022–2026. Whole US dollars, EPS US cents and weighted-share denominators whole ordinary shares. FY2024 ended 29 February 2024; other displayed year-ends are 28 February. Separate Group and Company financial position; the source discloses Group income, equity and cash flows, with Company retained-earnings movement in Note 22 rather than a standalone Company equity/income/cashflow statement.

BDO LLP gives an unmodified a true and fair view opinion, signed Liang Hongzhou on 10 June 2026. Two Key Audit Matters concern impairment assessments of Bukit Besi mining assets and FMeSB goodwill US$3,474,397; the current assessment records no goodwill impairment. These KAMs do not modify the audit opinion.

With effect from 1 March 2025, inventory costing changes from first-in, first-out to weighted average, applied retrospectively. FY2025 inventories/retained earnings increase US$330,190; cost of sales decreases and profit increases US$173,562. Original profit 5,774,851 becomes restated 5,948,413, owners profit 6,324,165 becomes 6,497,727, EPS 1.21 becomes 1.24 US cents. Opening 1 March 2024 inventories/retained earnings increase 156,628; 156,628 plus 173,562 equals 330,190. Company financial position is unaffected. Original FY2025 statements remain separately displayed.

Current Group position includes a separately labelled restated opening column as at 1 March 2024. It is not a FY2024 income result. Full FY2024 historical results and financial position from the earlier annual reporting basis remain identified separately; do not silently apply the new inventory policy to undisclosed earlier income years.

FY2023 original interest income 33,297 and other income 80,668 are later presented as combined other income 113,965. Cashflow interest adjustment 33,297 is later split into financial-institution interest 15,810, distribution 16,377 and fair-value gain 1,110. Original financial-asset purchase net 1,448,889 becomes gross 1,465,266 offset by distribution received 16,377. Profit and cash endpoints are unchanged. Both original and later presentation bases are retained.

Current Group cash 14,612,467 equals banks 14,584,302 plus on-hand 28,165; Company cash 335,784 is separate. Operating cash 19,083,757 less investing 13,019,220 less financing 150,151 equals increase 5,914,386. Opening 7,850,163 plus 5,914,386 plus FX 847,918 equals closing 14,612,467 whole USD. Financial-asset FVTPL balance 4,687 is not added to cash equivalents.

Bank borrowings 18,110,712 equal current 11,393,152 plus noncurrent 6,717,560; lease liabilities 164,366 are separate. NoteA separates actual borrowing cash, noncash plant financing 7,873,265, lease additions/modification, interest and FX. Current bank net cash column 1,831,505 includes interest; it is not gross new lending. Company retained earnings 26,331,932 plus comprehensive income 4,187,421 less dividends 1,870,109 equals 28,649,244.

EPS uses owners profit 9,795,103 and whole weighted shares 523,316,100 to give 1.87 US cents; prior restated owners profit 6,497,727 gives 1.24 US cents. No dilutive potential ordinary shares are disclosed. Whole register shares and SGD register capital must not be confused with thousand shares or USD financial capital.

FY2025 dividend 0.46 Singapore cents paid during FY2026 equals 1,870,109 USD in the statements. Proposed FY2026 final dividend is 0.472 Singapore cents (0.374 US cents), not a year-end payable; 30 June AGM minutes/results approve 0.472. The separate official mandatory-distribution HTML field prints SGD0.0047 per share, ex 6 August, record 7 August and payment 21 August 2026. Preserve the original printed precision difference; do not invent an amendment from it.

Leadership: eight current directors; Ng Mun Fey is expressly former Executive Director and COO, ceased 28 February 2026. Original 12 February announcement states Ivan Chee and Edmund Chee cover COO responsibilities with the site senior general manager. Fionne Chua is Financial Controller, not CFO; Nor Hafiza Alwi and Loh Mei Ling are joint Company Secretaries. Outside Selangor Dredging/Norwest offices are separate from issuer offices.

Register 19 May 2026 has 523,316,100 ordinary shares, no treasury/subsidiary holdings and 567 holders. Top 20 total 504,192,870 shares 96.35% agrees with aggregate rounding; public float 17.89% is a different concept. Citibank 14,410,692 prints 2.76%, while normal rounding gives 2.75%; IFAST905,200 prints 0.18%, while normal rounding gives 0.17%. Original printed values and exceptions are retained. SGD40,429,342.60 register capital and USD28,995,034 financial capital are different currencies, not an unexplained same-currency gap.

Eight substantial-holder rows contain overlaps: Ivan deemed 254,259,670 equals YF Chee 216,655,720 plus Greger 37,603,950, via Raffles/UOB nominees. SDB154,937,500 is shared within Selangor Dredging and Teh deemed chains; Teh Lip Kim 166,465,625 includes SDB plus 4,200,000 and SmithSt 7,328,125. Teh Lip Bin 159,137,500 overlaps. Direct holdings, deemed interests and nominee accounts must not be summed as independent blocks.

Group scope:29 subsidiaries,2 associates and Norwest 5.8% quoted equity investment. Nine subsidiaries are dormant since incorporation. North Ilocos 15% is equity-accounted because of board/policy/contractual significant influence despite below 20%; protective reserved matters do not confer control or joint control. Sebanjar Bina 49% is associate. Two-year Company/NCI percentages and intermediate holding routes are retained. Renamed Fortress Core, Prospect and Aurum are not extra entities. Aurum increased 70% to 100% on 3 June 2025; Kota 65%, Semangat 100%, BaoXin 51% asset acquisitions and new Machineries 100% are separately source dated.

Proposed 10% Strategic Venture interest, which would expose the Group to Cheroh Mining PNG, remains proposed in this annual report; US$1,500,000 deposit is not evidence of completed consolidation. Norwest quoted FVTOCI investment 814,754 and free-option derivative 519,715 are separate measurement scopes. Five annual originals 1038 pages plus eight related AGM/EGM originals 48 pages are archived. Three scanned related first pages have separately hash-bound actual visual identity evidence; immutable empty native text was not replaced with invented OCR.

The 30 June 2026 AGM minutes page 1 NOTICE paragraph literally dates the convening notice 12 June 2025. The current meeting heading, FY2026 resolutions and separate results are retained as printed; this source date inconsistency is not silently corrected.

Official announcement and SGX corporate information 2875 independently verify exact issuer, tickerOAJ and full ISIN SGXE46200569. Frozen inventory IBM1FA0 is not the current ISIN prefix XE462. Official broadcast dates and catalog dates are retained separately wherever they differ.