Centurion OU8

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Financials

Centurion Corporation Limited Annual Report 2025

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18 tables

Five-year summary

11 metrics

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Five-year summary from Centurion Corporation Limited Annual Report 2025
Metric / unit 2021Group2022Group2023Group2024Group2025Group Source
IFRS Financial Measures
RevenueS$ thousand 143,017180,450207,245253,616295,937 PDF p. 107
Profit attributable to equity holders of the CompanyS$ thousand 52,67971,425153,115344,827114,762 PDF p. 107
Earnings per share (in Singapore cents)Singapore cents 6.278.5018.2141.0113.65 PDF p. 107
Non-IFRS Financial Measures
Profit from core business operations* attributable to equity holders of the CompanyS$ thousand 46,48657,09069,22899,272108,557 PDF p. 107
Earnings per share from core business operations* (in Singapore cents)Singapore cents 5.536.798.2311.8112.91 PDF p. 107
Assets and Liabilities
Non-current assetsS$ thousand 1,486,0841,455,9981,561,3142,081,9632,883,640 PDF p. 107
Current assetsS$ thousand 96,63091,757163,778112,737407,377 PDF p. 107
Total assetsS$ thousand 1,582,7141,547,7551,725,0922,194,7003,291,017 PDF p. 107
Total liabilitiesS$ thousand 905,395839,267853,459959,5891,118,744 PDF p. 107
Non-controlling interestsS$ thousand 17,60521,55845,86382,906939,654 PDF p. 107
Total equity attributable to equity holders of the CompanyS$ thousand 659,714686,930825,7701,152,2051,232,619 PDF p. 107
Definitions & sources

Consolidated income statement

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Consolidated income statement from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Consolidated income statement
RevenueS$ thousand 295,937253,616 PDF p. 60
Cost of salesS$ thousand (68,952)(57,996) PDF p. 60
Gross profitS$ thousand 226,985195,620 PDF p. 60
Other incomeS$ thousand 3,8991,734 PDF p. 60
Other losses - netS$ thousand (7,619)(4,726) PDF p. 60
Net fair value (loss)/gain on investment propertiesS$ thousand (9,204)219,129 PDF p. 60
Expenses
- Distribution expensesS$ thousand (1,981)(1,676) PDF p. 60
Consolidated income statement
- Administrative expensesS$ thousand (51,692)(36,166) PDF p. 60
- Finance expensesS$ thousand (38,737)(38,694) PDF p. 60
Share of net profit of associated companies and joint ventureS$ thousand 39,53086,079 PDF p. 60
Profit before taxS$ thousand 161,181421,300 PDF p. 60
Tax expenseS$ thousand (19,583)(38,664) PDF p. 60
Total profitS$ thousand 141,598382,636 PDF p. 60
Profit attributable to
Equity holders of the CompanyS$ thousand 114,762344,827 PDF p. 60
Consolidated income statement
Non-controlling interestsS$ thousand 26,83637,809 PDF p. 60
SubtotalS$ thousand 141,598382,636 PDF p. 60
Earnings per share for profit attributable to equity holders of the Company
Basic earnings per share (cents)Singapore cents 13.6541.01 PDF p. 60
Consolidated income statement
Diluted earnings per share (cents)Singapore cents 13.6541.01 PDF p. 60
Definitions & sources

Consolidated other comprehensive income

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Consolidated other comprehensive income from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Consolidated other comprehensive income
Total profitS$ thousand 141,598382,636 PDF p. 60
Financial assets, at FVOCI – debt instruments
- Fair value gain/(loss)S$ thousand 651(333) PDF p. 60
Cash flow hedges
- Fair value gain/(loss)S$ thousand 67(214) PDF p. 60
Consolidated other comprehensive income
- ReclassificationS$ thousand 897(980) PDF p. 60
Share of other comprehensive (loss)/income of associated companies and joint ventureS$ thousand (991)702 PDF p. 60
Currency translation differences arising from consolidation
- GainsS$ thousand 12,3562,566 PDF p. 60
Consolidated other comprehensive income
- ReclassificationS$ thousand 1,0065,108 PDF p. 60
Other comprehensive income, net of taxS$ thousand 13,9866,849 PDF p. 60
Total comprehensive incomeS$ thousand 155,584389,485 PDF p. 60
Total comprehensive income attributable to
Equity holders of the CompanyS$ thousand 128,121351,658 PDF p. 60
Consolidated other comprehensive income
Non-controlling interestsS$ thousand 27,46337,827 PDF p. 60
SubtotalS$ thousand 155,584389,485 PDF p. 60
Definitions & sources

Balance sheets

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Balance sheets from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Current assets
Cash and bank balancesS$ thousand 373,08788,970115,03218,171 PDF p. 61
Trade and other receivablesS$ thousand 23,64512,12830,34421,238 PDF p. 61
InventoriesS$ thousand 191238-- PDF p. 61
Other assetsS$ thousand 10,3248,2401,455507 PDF p. 61
Derivative financial instrumentsS$ thousand 13062-- PDF p. 61
Financial assets, at fair value through other comprehensive incomeS$ thousand -3,099-3,099 PDF p. 61
SubtotalS$ thousand 407,377112,737146,83143,015 PDF p. 61
Non-current assets
Trade and other receivablesS$ thousand 10,4408,078401,428411,507 PDF p. 61
Other assetsS$ thousand 19,1964,412-138 PDF p. 61
Financial assets, at fair value through profit or lossS$ thousand 4242-- PDF p. 61
Derivative financial instrumentsS$ thousand 1,850275-6 PDF p. 61
Investments in associated companiesS$ thousand 114,089217,7691,2981,298 PDF p. 61
Investment in a joint ventureS$ thousand 48,775--- PDF p. 61
Investments in subsidiariesS$ thousand --458,84816,716 PDF p. 61
Investment propertiesS$ thousand 2,683,5531,839,060-- PDF p. 61
Property, plant and equipmentS$ thousand 5,56012,1951,5951,248 PDF p. 61
Deferred tax assetsS$ thousand 135132-- PDF p. 61
SubtotalS$ thousand 2,883,6402,081,963863,169430,913 PDF p. 61
Balance sheets
Total assetsS$ thousand 3,291,0172,194,7001,010,000473,928 PDF p. 61
Current liabilities
Trade and other payablesS$ thousand 181,95387,88344,41842,881 PDF p. 61
Other liabilitiesS$ thousand 466437-- PDF p. 61
Current tax liabilitiesS$ thousand 21,38720,8796021,045 PDF p. 61
BorrowingsS$ thousand 23,22342,5172,2011,609 PDF p. 61
Lease liabilitiesS$ thousand 26,40824,415688449 PDF p. 61
SubtotalS$ thousand 253,437176,13147,90945,984 PDF p. 61
Non-current liabilities
Trade and other payablesS$ thousand 3,968--- PDF p. 61
Other liabilitiesS$ thousand 578625-- PDF p. 61
Deferred tax liabilitiesS$ thousand 39,41242,238117133 PDF p. 61
Derivative financial instrumentsS$ thousand 86251921761 PDF p. 61
BorrowingsS$ thousand 682,234580,934114,053101,502 PDF p. 61
Lease liabilitiesS$ thousand 138,253159,142-- PDF p. 61
SubtotalS$ thousand 865,307783,458114,387101,696 PDF p. 61
Balance sheets
Total liabilitiesS$ thousand 1,118,744959,589162,296147,680 PDF p. 61
NET ASSETSS$ thousand 2,172,2731,235,111847,704326,248 PDF p. 61
Capital and reserves attributable to equity holders of the Company
Share capitalS$ thousand 142,242142,242253,553253,553 PDF p. 61
Other reservesS$ thousand (55,459)(55,669)(195)(900) PDF p. 61
Retained profitsS$ thousand 1,145,8361,065,632594,34673,595 PDF p. 61
SubtotalS$ thousand 1,232,6191,152,205847,704326,248 PDF p. 61
Non-controlling interestsS$ thousand 939,65482,906-- PDF p. 61
Balance sheets
TOTAL EQUITYS$ thousand 2,172,2731,235,111847,704326,248 PDF p. 61
Definitions & sources

Consolidated cash flows — operating and investing

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Consolidated cash flows — operating and investing from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Cash flows from operating activities
Total profitS$ thousand 141,598382,636 PDF p. 62
Adjustments for operating cash flow
- Tax expenseS$ thousand 19,58338,664 PDF p. 62
- DepreciationS$ thousand 3,6353,970 PDF p. 62
- Allowance for impairment of trade and other receivablesS$ thousand 49108 PDF p. 62
- Net loss on disposal of plant and equipmentS$ thousand 19131 PDF p. 62
- Loss on disposal of assets held for saleS$ thousand -163 PDF p. 62
- Loss on termination of derivative financial instrumentsS$ thousand 582- PDF p. 62
- Fair value loss on derivative financial instrumentsS$ thousand (130)- PDF p. 62
- Net fair value loss/(gain) on investment propertiesS$ thousand 9,204(219,129) PDF p. 62
- Interest incomeS$ thousand (3,584)(1,495) PDF p. 62
- Finance expensesS$ thousand 38,73738,694 PDF p. 62
- Share of net profit of associated companies and joint ventureS$ thousand (39,530)(86,079) PDF p. 62
- Gain on waiver of borrowings from non-controlling interestS$ thousand -(1,253) PDF p. 62
- Reclassification of exchange differences from currency translation reserve upon settlement of quasi loanS$ thousand 1,0065,108 PDF p. 62
- Underwriting fee relating to exercising the over-allotment option in CAREIT ^S$ thousand 1,226- PDF p. 62
- Listing expenses*S$ thousand 5,319- PDF p. 62
- Unrealised currency translation differencesS$ thousand (1,033)409 PDF p. 62
Consolidated cash flows — operating and investing
Operating cash flow before working capital changesS$ thousand 176,681161,927 PDF p. 62
Changes in working capital
- InventoriesS$ thousand 47(48) PDF p. 62
- Trade and other receivablesS$ thousand (7,317)303 PDF p. 62
- Other assetsS$ thousand 693(1,951) PDF p. 62
- Trade and other payablesS$ thousand 15,32610,953 PDF p. 62
Consolidated cash flows — operating and investing
Cash generated from operationsS$ thousand 185,430171,184 PDF p. 62
Tax paidS$ thousand (23,009)(17,430) PDF p. 62
Net cash provided by operating activitiesS$ thousand 162,421153,754 PDF p. 62
Cash flows from investing activities
Proceeds from disposal of property, plant and equipmentS$ thousand 287 PDF p. 62
Additions to investment propertiesS$ thousand (648,656)(72,183) PDF p. 62
Additions of property, plant and equipmentS$ thousand (3,664)(8,767) PDF p. 62
Interest receivedS$ thousand 3,5871,530 PDF p. 62
Payment of stamp duty for an investment property acquired subsequent to year endS$ thousand (16,301)- PDF p. 62
Dividends received from an associated companyS$ thousand 141,5565,850 PDF p. 62
Return of capital from an associated companyS$ thousand 7,2597,295 PDF p. 62
Investment in associated companiesS$ thousand (6,316)(2,218) PDF p. 62
Investment in a joint ventureS$ thousand (49,055)- PDF p. 62
Loan to associated companiesS$ thousand (2,380)(8,060) PDF p. 62
Acquisition of a subsidiary, net cash acquiredS$ thousand (31,308)- PDF p. 62
Proceeds from disposal of financial assets, at FVOCIS$ thousand 3,750- PDF p. 62
Proceeds from disposal of assets held for saleS$ thousand -56,524 PDF p. 62
Net cash used in investing activitiesS$ thousand (601,500)(20,022) PDF p. 62
Definitions & sources

Consolidated cash flows — financing and reconciliation

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Consolidated cash flows — financing and reconciliation from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Cash flows from financing activities
Proceeds from issuance of units from the listing of CAREITS$ thousand 771,053- PDF p. 62
Proceeds from exercise of over-allotment option in CAREITS$ thousand 45,001- PDF p. 62
Underwriting fee paid for the exercise of the over-allotment option in CAREITS$ thousand (1,226)- PDF p. 62
Listing expenses paid**S$ thousand (32,469)- PDF p. 62
Proceeds from borrowingsS$ thousand 443,07247,272 PDF p. 62
Payments of transaction costs on notes payablesS$ thousand (1,327)- PDF p. 62
Payments of transaction costs on new loanS$ thousand (3,385)- PDF p. 62
Proceeds from non-controlling interests for issuance of ordinary sharesS$ thousand -3,871 PDF p. 62
Acquisition of shares from non-controlling interestS$ thousand (15,965)- PDF p. 62
Loan from non-controlling interestsS$ thousand 4,900- PDF p. 62
Repayment of loan from an associated companyS$ thousand (35,068)- PDF p. 62
Repayment of loan from non-controlling interestS$ thousand (980)(28) PDF p. 62
Repayment of borrowingsS$ thousand (348,903)(79,623) PDF p. 62
Interest paid on borrowingsS$ thousand (28,113)(33,562) PDF p. 62
Interest paid on lease liabilitiesS$ thousand (7,528)(5,019) PDF p. 62
Repayment of principal portion of lease liabilitiesS$ thousand (29,299)(23,804) PDF p. 62
Restricted cash released/(charged) as security to bankS$ thousand 2,098(844) PDF p. 62
Dividends paid to equity holders of the companyS$ thousand (33,631)(25,223) PDF p. 62
Dividends paid to non-controlling interestS$ thousand (3,464)(4,655) PDF p. 62
Premium paid for purchase of interest rate capS$ thousand (39)- PDF p. 62
Net cash provided by/(used in) financing activitiesS$ thousand 724,727(121,615) PDF p. 62
Consolidated cash flows — financing and reconciliation
Net increase in cash and cash equivalents heldS$ thousand 285,64812,117 PDF p. 62
Cash and cash equivalents
Beginning of financial yearS$ thousand 85,31871,909 PDF p. 62
Effects of currency translation on cash and cash equivalentsS$ thousand 5671,292 PDF p. 62
End of financial yearS$ thousand 371,53385,318 PDF p. 62
Definitions & sources

Consolidated changes in equity — 2025

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Consolidated changes in equity — 2025 from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025GroupShare capital2025GroupOther reserves2025GroupRetained profits2025GroupTotal2025GroupNon-controlling interests2025GroupTotal equity Source
Group equity movement 2025
Beginning of financial yearS$ thousand 142,242(55,669)1,065,6321,152,20582,9061,235,111 PDF p. 61
Profit for the yearS$ thousand --114,762114,76226,836141,598 PDF p. 61
Other comprehensive income for the yearS$ thousand -13,359-13,35962713,986 PDF p. 61
Total comprehensive income for the yearS$ thousand -13,359114,762128,12127,463155,584 PDF p. 61
Acquisition of shares from non- controlling shareholdersS$ thousand --(927)(927)(15,570)(16,497) PDF p. 61
Changes of interest in a subsidiary without loss of controlS$ thousand -(13,149)-(13,149)848,319835,170 PDF p. 61
Dividends paidS$ thousand --(33,631)(33,631)(3,464)(37,095) PDF p. 61
Total transactions with owners, recognised directly in equityS$ thousand -(13,149)(34,558)(47,707)829,285781,578 PDF p. 61
End of financial yearS$ thousand 142,242(55,459)1,145,8361,232,619939,6542,172,273 PDF p. 61
Definitions & sources

Consolidated changes in equity — 2024

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Consolidated changes in equity — 2024 from Centurion Corporation Limited Annual Report 2025
Metric / unit 2024GroupShare capital2024GroupOther reserves2024GroupRetained profits2024GroupTotal2024GroupNon-controlling interests2024GroupTotal equity Source
Group equity movement 2024
Beginning of financial yearS$ thousand 142,242(62,500)746,028825,77045,863871,633 PDF p. 61
Profit for the yearS$ thousand --344,827344,82737,809382,636 PDF p. 61
Other comprehensive income for the yearS$ thousand -6,831-6,831186,849 PDF p. 61
Total comprehensive income for the yearS$ thousand -6,831344,827351,65837,827389,485 PDF p. 61
Issuance of shares to a non- controlling shareholderS$ thousand ----3,8713,871 PDF p. 61
Dividends paidS$ thousand --(25,223)(25,223)(4,655)(29,878) PDF p. 61
Total transactions with owners, recognised directly in equityS$ thousand --(25,223)(25,223)(784)(26,007) PDF p. 61
End of financial yearS$ thousand 142,242(55,669)1,065,6321,152,20582,9061,235,111 PDF p. 61
Definitions & sources

Ordinary dividends paid

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Ordinary dividends paid from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Ordinary dividends paid
Interim tax exempt dividend paid in respect of current financial year of 2.0 cents (2024: 1.5 cents) per shareS$ thousand 16,81512,61216,81512,612 PDF p. 98
Final tax exempt dividend paid in respect of the previous financial year of 2.0 cents (2024: 1.5 cents) per shareS$ thousand 16,81612,61116,81612,611 PDF p. 98
SubtotalS$ thousand 33,63125,22333,63125,223 PDF p. 98
Definitions & sources

Capital commitments

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Capital commitments from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Capital commitments
Property, plant and equipmentS$ thousand 5670 PDF p. 98
Investment propertiesS$ thousand 74,82419,180 PDF p. 98
Definitions & sources

Company retained profits movement

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Company retained profits movement from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Company2024Company Source
Company retained profits movement
Beginning of financial yearS$ thousand 73,59552,078 PDF p. 98
Net profitS$ thousand 554,38246,740 PDF p. 98
Dividends paid (Note 35)S$ thousand (33,631)(25,223) PDF p. 98
End of financial yearS$ thousand 594,34673,595 PDF p. 98
Definitions & sources

Capital reserve movement

3 metrics

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Capital reserve movement from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Capital reserve movement
Beginning of financial yearS$ thousand 16,89316,893-- PDF p. 98
Changes of interest in a subsidiary without loss of control (Note 22(e))S$ thousand (13,149)--- PDF p. 98
End of financial yearS$ thousand 3,74416,893-- PDF p. 98
Definitions & sources

Revenue composition

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Revenue composition from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Revenue composition
Rental income from investment properties (Note 23)S$ thousand 280,387239,348 PDF p. 69
Revenue from contracts with customers (IFRS 15)
Other revenue from accommodation businessS$ thousand 13,65611,908 PDF p. 69
Sale of optical storage media and other trading goodsS$ thousand 133158 PDF p. 69
Management servicesS$ thousand 1,7612,202 PDF p. 69
SubtotalS$ thousand 15,55014,268 PDF p. 69
Revenue composition
SubtotalS$ thousand 295,937253,616 PDF p. 69
Definitions & sources

Expenses by nature

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Expenses by nature from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Expenses by nature
Depreciation of property, plant and equipment (Note 24)S$ thousand 3,6353,970 PDF p. 70
Property taxS$ thousand 8,7334,554 PDF p. 70
Employee compensation (Note 9)S$ thousand 47,69037,202 PDF p. 70
Rental expense (Note 25(d))S$ thousand 1,475886 PDF p. 70
UtilitiesS$ thousand 13,95912,986 PDF p. 70
Repairs and maintenanceS$ thousand 5,6804,571 PDF p. 70
Cleaning expensesS$ thousand 2,2992,017 PDF p. 70
InsuranceS$ thousand 1,4431,268 PDF p. 70
Security and card system expensesS$ thousand 4,2593,782 PDF p. 70
Property manager feeS$ thousand 368- PDF p. 70
Listing fee*S$ thousand 5,319- PDF p. 70
Legal and professional feesS$ thousand 7,4085,750 PDF p. 70
Transportation expensesS$ thousand 1,374791 PDF p. 70
GST expensesS$ thousand 3,5944,313 PDF p. 70
Advertising and promotion expensesS$ thousand 1,4721,072 PDF p. 70
Fees on audit services paid/payable to
- auditor of the CompanyS$ thousand 631531 PDF p. 70
- other member firms of PricewaterhouseCoopers International LimitedS$ thousand 19882 PDF p. 70
- other auditorsS$ thousand 23114 PDF p. 70
Fees on non-audit services paid/payable to
- auditor of the CompanyS$ thousand 975 PDF p. 70
- other member firms of PricewaterhouseCoopers International LimitedS$ thousand 4449 PDF p. 70
Expenses by nature
OthersS$ thousand 12,92411,895 PDF p. 70
Total cost of sales, distribution and administrative expensesS$ thousand 122,62595,838 PDF p. 70
Definitions & sources

Other income

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Other income from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Interest income
- Financial assets measured at amortised costS$ thousand 3,4281,226 PDF p. 70
- Debt investments measured at FVOCIS$ thousand 156269 PDF p. 70
SubtotalS$ thousand 3,5841,495 PDF p. 70
Other income
Government grant incomeS$ thousand 17478 PDF p. 70
OthersS$ thousand 141161 PDF p. 70
SubtotalS$ thousand 3,8991,734 PDF p. 70
Definitions & sources

Finance expenses

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Finance expenses from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Interest expense
- bank borrowings and notes payablesS$ thousand 28,96036,336 PDF p. 70
- lease liabilitiesS$ thousand 7,5285,019 PDF p. 70
- associated companyS$ thousand 8651,680 PDF p. 70
- non-controlling interestS$ thousand 249305 PDF p. 70
Finance expenses
Amortisation of upfront debt-related transaction costsS$ thousand 238- PDF p. 70
Cash flow hedges, reclassified from hedging reserve (Note 33(b)(ii))S$ thousand 897(980) PDF p. 70
Less: Borrowing costs capitalised in investment propertiesS$ thousand -(3,666) PDF p. 70
Finance expenses recognised in profit or lossS$ thousand 38,73738,694 PDF p. 70
Definitions & sources

Employee compensation

3 metrics

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Employee compensation from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group Source
Employee compensation
Wages, salaries and other benefitsS$ thousand 44,80734,776 PDF p. 70
Employer’s contribution to defined contribution plans, including Central Provident FundS$ thousand 2,8832,426 PDF p. 70
Total employee compensation (Note 5)S$ thousand 47,69037,202 PDF p. 70
Definitions & sources

Borrowings

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Borrowings from Centurion Corporation Limited Annual Report 2025
Metric / unit 2025Group2024Group2025Company2024Company Source
Current borrowings
Bank borrowings (Note (a))S$ thousand 20,98542,159-1,288 PDF p. 94
Loans from non-controlling interests (Note (d))S$ thousand 3737-- PDF p. 94
Interest payableS$ thousand 2,2013212,201321 PDF p. 94
SubtotalS$ thousand 23,22342,5172,2011,609 PDF p. 94
Non-current borrowings
Bank borrowings (Note (a))S$ thousand 575,618485,76415,10034,250 PDF p. 94
Less: unamortised loan transaction costsS$ thousand (3,607)--- PDF p. 94
SubtotalS$ thousand 572,011485,76415,10034,250 PDF p. 94
Loans from non-controlling interests (Note (d))S$ thousand 11,2707,350-- PDF p. 94
Loan from an associated company (Note (c))S$ thousand -35,068-- PDF p. 94
Loans from subsidiaries (Note (e))S$ thousand ---14,500 PDF p. 94
Notes payables (Note (b))S$ thousand 100,00053,000100,00053,000 PDF p. 94
Less: Transaction costsS$ thousand (1,047)(248)(1,047)(248) PDF p. 94
SubtotalS$ thousand 98,95352,75298,95352,752 PDF p. 94
SubtotalS$ thousand 682,234580,934114,053101,502 PDF p. 94
Total borrowings
Total borrowingsS$ thousand 705,457623,451116,254103,111 PDF p. 94
Definitions & sources

Where the money comes from

Segment information

By business

Segment information - business segments, year ended / as at 31 December 19 lines
Segment information - business segments, year ended / as at 31 December
Item / unit 2025Worker accommodation2025Student accommodation2025Others2025Total2024Worker accommodation2024Student accommodation2024Others2024Total Source
Revenue
Sales to external partiesS$'000 233,44459,8352,658295,937194,57458,220822253,616 PDF p. 104PDF p. 105
Timing of revenue recognition in relation to revenue from contracts with customers
- Point in timeS$'000 4,6279481425,7174,2491,3861665,801 PDF p. 104PDF p. 105
- Over timeS$'000 8,5116816419,8336,7161,0956568,467 PDF p. 104PDF p. 105
Results
Segment resultsS$'000 132,60334,073338167,014130,41829,017(873)158,562 PDF p. 104PDF p. 105
Finance expensesS$'000 (23,435)(14,462)(840)(38,737)(21,740)(16,635)(319)(38,694) PDF p. 104PDF p. 105
Reclassification of exchange differences from currency translation reserve upon settlement of quasi loanS$'000 -(1,006)-(1,006)(4,846)(262)-(5,108) PDF p. 104PDF p. 105
Net fair value (loss)/gain on investment propertiesS$'000 (22,608)14,036(632)(9,204) PDF p. 104
Share of net profit of associated companies and joint ventureS$'000 33,7715,7095039,530 PDF p. 104
Included in segment results
DepreciationS$'000 2,1724879763,6352,3696529493,970 PDF p. 104PDF p. 105
As at 31 December
Segment assetsS$'000 2,016,584767,29838,3092,822,1911,230,393639,10739,2731,908,773 PDF p. 104PDF p. 105
Investments in associated companiesS$'000 82,81630,0541,219114,089190,60126,0501,118217,769 PDF p. 104PDF p. 105
Investment in a joint ventureS$'000 -48,775-48,775 PDF p. 104
Deferred tax assetsS$'000 43-9213552-80132 PDF p. 104PDF p. 105
Segment liabilitiesS$'000 282,26940,82029,399352,488212,90229,35830,761273,021 PDF p. 104PDF p. 105
BorrowingsS$'000 448,980256,477-705,457384,357239,094-623,451 PDF p. 104PDF p. 105
Other segment items
Capital expenditureS$'000 748,85276,398357825,60772,0997,7956,28086,174 PDF p. 104PDF p. 105
Results
Net loss on disposal of assets held for saleS$'000 (163)--(163) PDF p. 105
Net fair value gain on investment propertiesS$'000 160,44358,366320219,129 PDF p. 105
Share of net profit of associated companiesS$'000 92,875(6,812)1686,079 PDF p. 105
Notes

Blank strings denote cells with no printed value in that column (reconciling items shown only in Total column).

Segment assets consist primarily of property, plant and equipment, investment properties, inventories, receivables, other current assets and operating cash, and exclude deferred tax assets, investments in associated companies, financial assets, at FVOCI and short-term bank deposits. Segment liabilities comprise operating liabilities and exclude items such as tax liabilities and bank borrowings. Capital expenditure comprises additions to property, plant and equipment and investment properties.

Others = provision of accommodation and services for professionals, and manufacture and sale of optical storage media and other trading goods.

By geography

Geographical information - Revenue 6 lines
Geographical information - Revenue
Item / unit 2025Group revenue by geographical area2024Group revenue by geographical area Source
Revenue
SingaporeS$'000 212,307176,094 PDF p. 105
MalaysiaS$'000 20,78519,256 PDF p. 105
AustraliaS$'000 15,70216,861 PDF p. 105
United KingdomS$'000 42,52740,172 PDF p. 105
Other countriesS$'000 4,6161,233 PDF p. 105
Total (unlabelled)S$'000 295,937253,616 PDF p. 105
Notes

The total row has no printed label.

Geographical information - Non-current assets 6 lines
Geographical information - Non-current assets
Item / unit 2025Group non-current assets by geographical area2024Group non-current assets by geographical area Source
Non-current assets
SingaporeS$'000 1,788,3511,215,928 PDF p. 105
MalaysiaS$'000 234,123170,282 PDF p. 105
AustraliaS$'000 306,943191,354 PDF p. 105
United KingdomS$'000 491,375421,859 PDF p. 105
Other countriesS$'000 62,84882,540 PDF p. 105
Total (unlabelled)S$'000 2,883,6402,081,963 PDF p. 105
Notes

The total row has no printed label.

Debt

Borrowings

Borrowings – interest rate repricing / maturity of total borrowings

Borrowings – interest rate repricing / maturity of total borrowings
Item / unit 2025Group2024Group2025Company2024Company Source
Borrowings repricing profile
- not later than one yearS$’000 23,22342,5172,2011,609 PDF p. 95
- between one to five yearsS$’000 632,341392,603114,053101,502 PDF p. 95
- after five yearsS$’000 49,893188,331-- PDF p. 95
Total (unlabelled)S$’000 705,457623,451116,254103,111 PDF p. 95

Note 37(c) Liquidity risk – contractual undiscounted maturity, Group

Note 37(c) Liquidity risk – contractual undiscounted maturity, Group — Group
Item / unit 2025Less than 1 year2025Between 1 and 2 years2025Between 2 and 5 years2025Over 5 years2024Less than 1 year2024Between 1 and 2 years2024Between 2 and 5 years2024Over 5 years Source
Group
Lease liabilitiesS$’000 32,93518,91939,540122,30831,78024,12249,902133,686 PDF p. 102
BorrowingsS$’000 47,48244,410665,09157,86673,956156,216318,045205,228 PDF p. 102
Notes

Undiscounted contractual cash flows (include interest), including derivative financial liabilities in the overall table.

Note 37(c) Liquidity risk – contractual undiscounted maturity, Company

Note 37(c) Liquidity risk – contractual undiscounted maturity, Company — Company
Item / unit 2025Less than 1 year2025Between 1 and 2 years2025Between 2 and 5 years2025Over 5 years2024Less than 1 year2024Between 1 and 2 years2024Between 2 and 5 years2024Over 5 years Source
Company
Lease liabilitiesS$’000 738---482--- PDF p. 102
BorrowingsS$’000 5,8835,886123,522-6,46579,57211,740- PDF p. 102
Notes

Non-current loan from a subsidiary of S$14,500,000 in 2024 was not included in the table (no fixed terms; settled during 2025).

Borrowing notes 7 tables

Borrowings – current and non-current composition

Borrowings – current and non-current composition
Item / unit 2025Group2024Group2025Company2024Company Source
Current
Bank borrowings (Note (a))S$’000 20,98542,159-1,288 PDF p. 94
Loans from non-controlling interests (Note (d))S$’000 3737-- PDF p. 94
Interest payableS$’000 2,2013212,201321 PDF p. 94
Total current borrowings (unlabelled subtotal)S$’000 23,22342,5172,2011,609 PDF p. 94
Non-current
Bank borrowings (Note (a))S$’000 575,618485,76415,10034,250 PDF p. 94
Less: unamortised loan transaction costsS$’000 (3,607)--- PDF p. 94
Loans from non-controlling interests (Note (d))S$’000 11,2707,350-- PDF p. 94
Loan from an associated company (Note (c))S$’000 -35,068-- PDF p. 94
Loans from subsidiaries (Note (e))S$’000 ---14,500 PDF p. 94
Notes payables (Note (b))S$’000 100,00053,000100,00053,000 PDF p. 94
Less: Transaction costsS$’000 (1,047)(248)(1,047)(248) PDF p. 94
Total non-current borrowings (unlabelled subtotal)S$’000 682,234580,934114,053101,502 PDF p. 94
Total
Total borrowingsS$’000 705,457623,451116,254103,111 PDF p. 94
Notes

Non-current line items printed as: Bank borrowings less unamortised loan transaction costs = 572,011 (2024: 485,764; Company 15,100; 34,250); notes payables net 98,953 (2024: 52,752).

Subtotal rows have no printed label.

Bank borrowings repayable

Bank borrowings repayable
Item / unit 2025Group2024Group2025Company2024Company Source
Bank borrowings repayable
Within one yearS$’000 20,98542,159-1,288 PDF p. 95
Between one and two yearsS$’000 18,21576,110-23,250 PDF p. 95
Between two and five yearsS$’000 515,173261,64115,10011,000 PDF p. 95
After five yearsS$’000 38,623148,013-- PDF p. 95
Total (unlabelled)S$’000 592,996527,92315,10035,538 PDF p. 95

Other loans repayable

Other loans repayable
Item / unit 2025Group2024Group2025Company2024Company Source
Other loans repayable
Within one yearS$’000 2,2383582,201321 PDF p. 95
Between one and two yearsS$’000 -52,752-67,252 PDF p. 95
Between two and five yearsS$’000 98,9532,10098,953- PDF p. 95
After five yearsS$’000 11,27040,318-- PDF p. 95
Total (unlabelled)S$’000 112,46195,528101,15467,573 PDF p. 95

Borrowings – secured, floating/fixed rate and covenant disclosures

Borrowings – secured, floating/fixed rate and covenant disclosures
Item / unit 2025Group2024Group Source
Secured
Total borrowings include secured liabilitiesS$ 577,897,000492,385,000 PDF p. 95
Interest rates
Bank borrowings subject to floating interest ratesS$ 580,635,000511,852,000 PDF p. 95
Bank borrowings managed with interest rate capsS$ 22,333,00090,752,000 PDF p. 95
Notes

Secured over certain investment properties (Note 23). Notes payables: S$100,000,000 5.25% p.a. fixed rate Series 007 notes due 31 January 2029 (issued 31 January 2025 under S$750,000,000 Multicurrency Debt Issuance programme); Series 006 S$53,000,000 notes due 2026/2025 redeemed. Loans from non-controlling interests: S$37,000 (2024: S$37,000) fixed rate, otherwise floating; S$nil (2024: S$7,350,000) no fixed repayment term. Fair value of notes payables S$104,050,000 (2024: S$53,636,000). Floating rates not printed as a numeric range.

Row quotes for 2024 values taken from the same sentence on the page; the interest-rate-caps and fixed-rate sentences wrap across lines in the source.

Lease liabilities

Lease liabilities
Item / unit 2025Group2024Group2025Company2024Company Source
Current
- not later than one yearS$’000 26,40824,415688449 PDF p. 96
Non-current
- between one to five yearsS$’000 45,16251,519-- PDF p. 96
- after five yearsS$’000 93,091107,623-- PDF p. 96
Non-current total (unlabelled)S$’000 138,253159,142-- PDF p. 96
Total
Total lease liabilities (unlabelled)S$’000 164,661183,557688449 PDF p. 96

Note 37(a)(i) Currency denomination of borrowings and lease liabilities – Group

Note 37(a)(i) Currency denomination of borrowings and lease liabilities – Group
Item / unit 2025Group SGD2025Group USD2025Group MYR2025Group AUD2025Group GBP2025Group CNY2025Group Other2025Group Total2024Group SGD2024Group USD2024Group MYR2024Group AUD2024Group GBP2024Group CNY2024Group Other2024Group Total Source
Financial liabilities
Lease liabilitiesS$’000 45,079-76,476--28,24914,857164,66160,323-76,256--29,72617,252183,557 PDF p. 99
BorrowingsS$’000 483,135-44,10669,834108,346-36705,457456,735-15,30348,303103,072-38623,451 PDF p. 99

Note 37(a)(i) Currency denomination of borrowings – Company

Note 37(a)(i) Currency denomination of borrowings – Company
Item / unit 2025Company SGD2025Company USD2025Company AUD2025Company GBP2025Company Other2025Company Total2024Company SGD2024Company USD2024Company AUD2024Company GBP2024Company Other2024Company Total Source
Financial liabilities
BorrowingsS$’000 116,254----116,254103,111----103,111 PDF p. 99PDF p. 100

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend Policy The Company does not currently have a formal policy on Company, FY2025 PDF p. 55

Dividends declared and proposed

ItemValuePeriod / scopeSource
Interim tax exempt dividend paid in respect of current financial year 2.0 cents per share Group and Company, FY2025 interim dividend PDF p. 98
Interim tax exempt dividend paid in respect of current financial year 1.5 cents per share Group and Company, FY2024 interim dividend (comparative) PDF p. 98
final tax exempt dividend 2.0 cents per share Company, proposed for FY2025, subject to shareholder approval at 2026 AGM PDF p. 98
Final tax exempt dividend paid in respect of the previous financial year 2.0 cents per share Group and Company, FY2024 final dividend paid in 2025 (comparative) PDF p. 98
special distribution in specie up to 84,077,862 units in CAREIT Company, proposed for FY2025, subject to shareholder approval at the AGM PDF p. 98

Payout

ItemValuePeriod / scopeSource
total cash dividend payment for FY 2025 4.0 cents per share Company, FY2025 total cash dividend (interim 2.0 plus proposed final 2.0) PDF p. 55
ANNUAL DIVIDEND PAYOUT (CENTS) 3.5 cents Company, FY2024 annual dividend payout (comparative) PDF p. 19

Extracted from Centurion Corporation Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Audit firm PricewaterhouseCoopers LLP Group and Company, FY2025 PDF p. 59
Engagement partner Yeow Chee Keong Group and Company, FY2025 PDF p. 59

Going concern

ItemValuePeriod / scopeSource
Going concern No material uncertainty related to going concern reported Group PDF p. 59

Extracted from Centurion Corporation Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.

How to read these figures

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

Comparative figures follow Centurion Corporation Limited Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

Amounts are Singapore dollars in thousands unless a row states Singapore cents. Group includes consolidated subsidiaries; Company refers to Centurion Corporation Limited separately. Original dashes and parentheses are retained.

The five-year summary compares FY2021–FY2025 as extracted in this 2025 annual report. Full historical annual-report backfill remains incomplete. Core business earnings are non-IFRS and differ from reported profit.

Original PDF pages are two-page spreads; PDF page numbers identify the physical PDF page, not the printed page number.

Dividend cash-flow amounts are dividends paid in the year, including the previous financial year final dividend. The proposed FY2025 final dividend of 2.0 Singapore cents per share (S$16,816,000) and proposed in-specie CAREIT distribution of up to 84,077,862 units (1 unit per 10 shares) were subject to shareholder approval in this report and not recognised in these 2025 statements.

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