Centurion Corporation Limited Annual Report 2025
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| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| IFRS Financial Measures | ||||||
| RevenueS$ thousand | 143,017 | 180,450 | 207,245 | 253,616 | 295,937 | PDF p. 107 |
| Profit attributable to equity holders of the CompanyS$ thousand | 52,679 | 71,425 | 153,115 | 344,827 | 114,762 | PDF p. 107 |
| Earnings per share (in Singapore cents)Singapore cents | 6.27 | 8.50 | 18.21 | 41.01 | 13.65 | PDF p. 107 |
| Non-IFRS Financial Measures | ||||||
| Profit from core business operations* attributable to equity holders of the CompanyS$ thousand | 46,486 | 57,090 | 69,228 | 99,272 | 108,557 | PDF p. 107 |
| Earnings per share from core business operations* (in Singapore cents)Singapore cents | 5.53 | 6.79 | 8.23 | 11.81 | 12.91 | PDF p. 107 |
| Assets and Liabilities | ||||||
| Non-current assetsS$ thousand | 1,486,084 | 1,455,998 | 1,561,314 | 2,081,963 | 2,883,640 | PDF p. 107 |
| Current assetsS$ thousand | 96,630 | 91,757 | 163,778 | 112,737 | 407,377 | PDF p. 107 |
| Total assetsS$ thousand | 1,582,714 | 1,547,755 | 1,725,092 | 2,194,700 | 3,291,017 | PDF p. 107 |
| Total liabilitiesS$ thousand | 905,395 | 839,267 | 853,459 | 959,589 | 1,118,744 | PDF p. 107 |
| Non-controlling interestsS$ thousand | 17,605 | 21,558 | 45,863 | 82,906 | 939,654 | PDF p. 107 |
| Total equity attributable to equity holders of the CompanyS$ thousand | 659,714 | 686,930 | 825,770 | 1,152,205 | 1,232,619 | PDF p. 107 |
Original report: PDF p. 107 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated income statement | |||
| RevenueS$ thousand | 295,937 | 253,616 | PDF p. 60 |
| Cost of salesS$ thousand | (68,952) | (57,996) | PDF p. 60 |
| Gross profitS$ thousand | 226,985 | 195,620 | PDF p. 60 |
| Other incomeS$ thousand | 3,899 | 1,734 | 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 | 39,530 | 86,079 | PDF p. 60 |
| Profit before taxS$ thousand | 161,181 | 421,300 | PDF p. 60 |
| Tax expenseS$ thousand | (19,583) | (38,664) | PDF p. 60 |
| Total profitS$ thousand | 141,598 | 382,636 | PDF p. 60 |
| Profit attributable to | |||
| Equity holders of the CompanyS$ thousand | 114,762 | 344,827 | PDF p. 60 |
| Consolidated income statement | |||
| Non-controlling interestsS$ thousand | 26,836 | 37,809 | PDF p. 60 |
| SubtotalS$ thousand | 141,598 | 382,636 | PDF p. 60 |
| Earnings per share for profit attributable to equity holders of the Company | |||
| Basic earnings per share (cents)Singapore cents | 13.65 | 41.01 | PDF p. 60 |
| Consolidated income statement | |||
| Diluted earnings per share (cents)Singapore cents | 13.65 | 41.01 | PDF p. 60 |
Original report: PDF p. 60 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated other comprehensive income | |||
| Total profitS$ thousand | 141,598 | 382,636 | 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 | 12,356 | 2,566 | PDF p. 60 |
| Consolidated other comprehensive income | |||
| - ReclassificationS$ thousand | 1,006 | 5,108 | PDF p. 60 |
| Other comprehensive income, net of taxS$ thousand | 13,986 | 6,849 | PDF p. 60 |
| Total comprehensive incomeS$ thousand | 155,584 | 389,485 | PDF p. 60 |
| Total comprehensive income attributable to | |||
| Equity holders of the CompanyS$ thousand | 128,121 | 351,658 | PDF p. 60 |
| Consolidated other comprehensive income | |||
| Non-controlling interestsS$ thousand | 27,463 | 37,827 | PDF p. 60 |
| SubtotalS$ thousand | 155,584 | 389,485 | PDF p. 60 |
Original report: PDF p. 60 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current assets | |||||
| Cash and bank balancesS$ thousand | 373,087 | 88,970 | 115,032 | 18,171 | PDF p. 61 |
| Trade and other receivablesS$ thousand | 23,645 | 12,128 | 30,344 | 21,238 | PDF p. 61 |
| InventoriesS$ thousand | 191 | 238 | - | - | PDF p. 61 |
| Other assetsS$ thousand | 10,324 | 8,240 | 1,455 | 507 | PDF p. 61 |
| Derivative financial instrumentsS$ thousand | 130 | 62 | - | - | PDF p. 61 |
| Financial assets, at fair value through other comprehensive incomeS$ thousand | - | 3,099 | - | 3,099 | PDF p. 61 |
| SubtotalS$ thousand | 407,377 | 112,737 | 146,831 | 43,015 | PDF p. 61 |
| Non-current assets | |||||
| Trade and other receivablesS$ thousand | 10,440 | 8,078 | 401,428 | 411,507 | PDF p. 61 |
| Other assetsS$ thousand | 19,196 | 4,412 | - | 138 | PDF p. 61 |
| Financial assets, at fair value through profit or lossS$ thousand | 42 | 42 | - | - | PDF p. 61 |
| Derivative financial instrumentsS$ thousand | 1,850 | 275 | - | 6 | PDF p. 61 |
| Investments in associated companiesS$ thousand | 114,089 | 217,769 | 1,298 | 1,298 | PDF p. 61 |
| Investment in a joint ventureS$ thousand | 48,775 | - | - | - | PDF p. 61 |
| Investments in subsidiariesS$ thousand | - | - | 458,848 | 16,716 | PDF p. 61 |
| Investment propertiesS$ thousand | 2,683,553 | 1,839,060 | - | - | PDF p. 61 |
| Property, plant and equipmentS$ thousand | 5,560 | 12,195 | 1,595 | 1,248 | PDF p. 61 |
| Deferred tax assetsS$ thousand | 135 | 132 | - | - | PDF p. 61 |
| SubtotalS$ thousand | 2,883,640 | 2,081,963 | 863,169 | 430,913 | PDF p. 61 |
| Balance sheets | |||||
| Total assetsS$ thousand | 3,291,017 | 2,194,700 | 1,010,000 | 473,928 | PDF p. 61 |
| Current liabilities | |||||
| Trade and other payablesS$ thousand | 181,953 | 87,883 | 44,418 | 42,881 | PDF p. 61 |
| Other liabilitiesS$ thousand | 466 | 437 | - | - | PDF p. 61 |
| Current tax liabilitiesS$ thousand | 21,387 | 20,879 | 602 | 1,045 | PDF p. 61 |
| BorrowingsS$ thousand | 23,223 | 42,517 | 2,201 | 1,609 | PDF p. 61 |
| Lease liabilitiesS$ thousand | 26,408 | 24,415 | 688 | 449 | PDF p. 61 |
| SubtotalS$ thousand | 253,437 | 176,131 | 47,909 | 45,984 | PDF p. 61 |
| Non-current liabilities | |||||
| Trade and other payablesS$ thousand | 3,968 | - | - | - | PDF p. 61 |
| Other liabilitiesS$ thousand | 578 | 625 | - | - | PDF p. 61 |
| Deferred tax liabilitiesS$ thousand | 39,412 | 42,238 | 117 | 133 | PDF p. 61 |
| Derivative financial instrumentsS$ thousand | 862 | 519 | 217 | 61 | PDF p. 61 |
| BorrowingsS$ thousand | 682,234 | 580,934 | 114,053 | 101,502 | PDF p. 61 |
| Lease liabilitiesS$ thousand | 138,253 | 159,142 | - | - | PDF p. 61 |
| SubtotalS$ thousand | 865,307 | 783,458 | 114,387 | 101,696 | PDF p. 61 |
| Balance sheets | |||||
| Total liabilitiesS$ thousand | 1,118,744 | 959,589 | 162,296 | 147,680 | PDF p. 61 |
| NET ASSETSS$ thousand | 2,172,273 | 1,235,111 | 847,704 | 326,248 | PDF p. 61 |
| Capital and reserves attributable to equity holders of the Company | |||||
| Share capitalS$ thousand | 142,242 | 142,242 | 253,553 | 253,553 | PDF p. 61 |
| Other reservesS$ thousand | (55,459) | (55,669) | (195) | (900) | PDF p. 61 |
| Retained profitsS$ thousand | 1,145,836 | 1,065,632 | 594,346 | 73,595 | PDF p. 61 |
| SubtotalS$ thousand | 1,232,619 | 1,152,205 | 847,704 | 326,248 | PDF p. 61 |
| Non-controlling interestsS$ thousand | 939,654 | 82,906 | - | - | PDF p. 61 |
| Balance sheets | |||||
| TOTAL EQUITYS$ thousand | 2,172,273 | 1,235,111 | 847,704 | 326,248 | PDF p. 61 |
Original report: PDF p. 61 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Total profitS$ thousand | 141,598 | 382,636 | PDF p. 62 |
| Adjustments for operating cash flow | |||
| - Tax expenseS$ thousand | 19,583 | 38,664 | PDF p. 62 |
| - DepreciationS$ thousand | 3,635 | 3,970 | PDF p. 62 |
| - Allowance for impairment of trade and other receivablesS$ thousand | 49 | 108 | PDF p. 62 |
| - Net loss on disposal of plant and equipmentS$ thousand | 19 | 131 | 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 | 38,737 | 38,694 | 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 | 1,006 | 5,108 | 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 | 176,681 | 161,927 | 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 | 15,326 | 10,953 | PDF p. 62 |
| Consolidated cash flows — operating and investing | |||
| Cash generated from operationsS$ thousand | 185,430 | 171,184 | PDF p. 62 |
| Tax paidS$ thousand | (23,009) | (17,430) | PDF p. 62 |
| Net cash provided by operating activitiesS$ thousand | 162,421 | 153,754 | PDF p. 62 |
| Cash flows from investing activities | |||
| Proceeds from disposal of property, plant and equipmentS$ thousand | 28 | 7 | 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 | 3,587 | 1,530 | 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 | 141,556 | 5,850 | PDF p. 62 |
| Return of capital from an associated companyS$ thousand | 7,259 | 7,295 | 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 |
Original report: PDF p. 62 ↗
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| Metric / unit | 2025Group | 2024Group | 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 | 443,072 | 47,272 | 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 | 285,648 | 12,117 | PDF p. 62 |
| Cash and cash equivalents | |||
| Beginning of financial yearS$ thousand | 85,318 | 71,909 | PDF p. 62 |
| Effects of currency translation on cash and cash equivalentsS$ thousand | 567 | 1,292 | PDF p. 62 |
| End of financial yearS$ thousand | 371,533 | 85,318 | PDF p. 62 |
Original report: PDF p. 62 ↗
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| Metric / unit | 2025GroupShare capital | 2025GroupOther reserves | 2025GroupRetained profits | 2025GroupTotal | 2025GroupNon-controlling interests | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|
| Group equity movement 2025 | |||||||
| Beginning of financial yearS$ thousand | 142,242 | (55,669) | 1,065,632 | 1,152,205 | 82,906 | 1,235,111 | PDF p. 61 |
| Profit for the yearS$ thousand | - | - | 114,762 | 114,762 | 26,836 | 141,598 | PDF p. 61 |
| Other comprehensive income for the yearS$ thousand | - | 13,359 | - | 13,359 | 627 | 13,986 | PDF p. 61 |
| Total comprehensive income for the yearS$ thousand | - | 13,359 | 114,762 | 128,121 | 27,463 | 155,584 | 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) | 848,319 | 835,170 | 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) | 829,285 | 781,578 | PDF p. 61 |
| End of financial yearS$ thousand | 142,242 | (55,459) | 1,145,836 | 1,232,619 | 939,654 | 2,172,273 | PDF p. 61 |
Original report: PDF p. 61 ↗
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| Metric / unit | 2024GroupShare capital | 2024GroupOther reserves | 2024GroupRetained profits | 2024GroupTotal | 2024GroupNon-controlling interests | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|
| Group equity movement 2024 | |||||||
| Beginning of financial yearS$ thousand | 142,242 | (62,500) | 746,028 | 825,770 | 45,863 | 871,633 | PDF p. 61 |
| Profit for the yearS$ thousand | - | - | 344,827 | 344,827 | 37,809 | 382,636 | PDF p. 61 |
| Other comprehensive income for the yearS$ thousand | - | 6,831 | - | 6,831 | 18 | 6,849 | PDF p. 61 |
| Total comprehensive income for the yearS$ thousand | - | 6,831 | 344,827 | 351,658 | 37,827 | 389,485 | PDF p. 61 |
| Issuance of shares to a non- controlling shareholderS$ thousand | - | - | - | - | 3,871 | 3,871 | 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) | 1,065,632 | 1,152,205 | 82,906 | 1,235,111 | PDF p. 61 |
Original report: PDF p. 61 ↗
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | 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 | 16,815 | 12,612 | 16,815 | 12,612 | 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 | 16,816 | 12,611 | 16,816 | 12,611 | PDF p. 98 |
| SubtotalS$ thousand | 33,631 | 25,223 | 33,631 | 25,223 | PDF p. 98 |
Original report: PDF p. 98 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Capital commitments | |||
| Property, plant and equipmentS$ thousand | 56 | 70 | PDF p. 98 |
| Investment propertiesS$ thousand | 74,824 | 19,180 | PDF p. 98 |
Original report: PDF p. 98 ↗
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| Metric / unit | 2025Company | 2024Company | Source |
|---|---|---|---|
| Company retained profits movement | |||
| Beginning of financial yearS$ thousand | 73,595 | 52,078 | PDF p. 98 |
| Net profitS$ thousand | 554,382 | 46,740 | PDF p. 98 |
| Dividends paid (Note 35)S$ thousand | (33,631) | (25,223) | PDF p. 98 |
| End of financial yearS$ thousand | 594,346 | 73,595 | PDF p. 98 |
Original report: PDF p. 98 ↗
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Capital reserve movement | |||||
| Beginning of financial yearS$ thousand | 16,893 | 16,893 | - | - | 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 | 3,744 | 16,893 | - | - | PDF p. 98 |
Original report: PDF p. 98 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Revenue composition | |||
| Rental income from investment properties (Note 23)S$ thousand | 280,387 | 239,348 | PDF p. 69 |
| Revenue from contracts with customers (IFRS 15) | |||
| Other revenue from accommodation businessS$ thousand | 13,656 | 11,908 | PDF p. 69 |
| Sale of optical storage media and other trading goodsS$ thousand | 133 | 158 | PDF p. 69 |
| Management servicesS$ thousand | 1,761 | 2,202 | PDF p. 69 |
| SubtotalS$ thousand | 15,550 | 14,268 | PDF p. 69 |
| Revenue composition | |||
| SubtotalS$ thousand | 295,937 | 253,616 | PDF p. 69 |
Original report: PDF p. 69 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Expenses by nature | |||
| Depreciation of property, plant and equipment (Note 24)S$ thousand | 3,635 | 3,970 | PDF p. 70 |
| Property taxS$ thousand | 8,733 | 4,554 | PDF p. 70 |
| Employee compensation (Note 9)S$ thousand | 47,690 | 37,202 | PDF p. 70 |
| Rental expense (Note 25(d))S$ thousand | 1,475 | 886 | PDF p. 70 |
| UtilitiesS$ thousand | 13,959 | 12,986 | PDF p. 70 |
| Repairs and maintenanceS$ thousand | 5,680 | 4,571 | PDF p. 70 |
| Cleaning expensesS$ thousand | 2,299 | 2,017 | PDF p. 70 |
| InsuranceS$ thousand | 1,443 | 1,268 | PDF p. 70 |
| Security and card system expensesS$ thousand | 4,259 | 3,782 | 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 | 7,408 | 5,750 | PDF p. 70 |
| Transportation expensesS$ thousand | 1,374 | 791 | PDF p. 70 |
| GST expensesS$ thousand | 3,594 | 4,313 | PDF p. 70 |
| Advertising and promotion expensesS$ thousand | 1,472 | 1,072 | PDF p. 70 |
| Fees on audit services paid/payable to | |||
| - auditor of the CompanyS$ thousand | 631 | 531 | PDF p. 70 |
| - other member firms of PricewaterhouseCoopers International LimitedS$ thousand | 198 | 82 | PDF p. 70 |
| - other auditorsS$ thousand | 23 | 114 | PDF p. 70 |
| Fees on non-audit services paid/payable to | |||
| - auditor of the CompanyS$ thousand | 97 | 5 | PDF p. 70 |
| - other member firms of PricewaterhouseCoopers International LimitedS$ thousand | 44 | 49 | PDF p. 70 |
| Expenses by nature | |||
| OthersS$ thousand | 12,924 | 11,895 | PDF p. 70 |
| Total cost of sales, distribution and administrative expensesS$ thousand | 122,625 | 95,838 | PDF p. 70 |
Original report: PDF p. 70 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Interest income | |||
| - Financial assets measured at amortised costS$ thousand | 3,428 | 1,226 | PDF p. 70 |
| - Debt investments measured at FVOCIS$ thousand | 156 | 269 | PDF p. 70 |
| SubtotalS$ thousand | 3,584 | 1,495 | PDF p. 70 |
| Other income | |||
| Government grant incomeS$ thousand | 174 | 78 | PDF p. 70 |
| OthersS$ thousand | 141 | 161 | PDF p. 70 |
| SubtotalS$ thousand | 3,899 | 1,734 | PDF p. 70 |
Original report: PDF p. 70 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Interest expense | |||
| - bank borrowings and notes payablesS$ thousand | 28,960 | 36,336 | PDF p. 70 |
| - lease liabilitiesS$ thousand | 7,528 | 5,019 | PDF p. 70 |
| - associated companyS$ thousand | 865 | 1,680 | PDF p. 70 |
| - non-controlling interestS$ thousand | 249 | 305 | 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 | 38,737 | 38,694 | PDF p. 70 |
Original report: PDF p. 70 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Employee compensation | |||
| Wages, salaries and other benefitsS$ thousand | 44,807 | 34,776 | PDF p. 70 |
| Employer’s contribution to defined contribution plans, including Central Provident FundS$ thousand | 2,883 | 2,426 | PDF p. 70 |
| Total employee compensation (Note 5)S$ thousand | 47,690 | 37,202 | PDF p. 70 |
Original report: PDF p. 70 ↗
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current borrowings | |||||
| Bank borrowings (Note (a))S$ thousand | 20,985 | 42,159 | - | 1,288 | PDF p. 94 |
| Loans from non-controlling interests (Note (d))S$ thousand | 37 | 37 | - | - | PDF p. 94 |
| Interest payableS$ thousand | 2,201 | 321 | 2,201 | 321 | PDF p. 94 |
| SubtotalS$ thousand | 23,223 | 42,517 | 2,201 | 1,609 | PDF p. 94 |
| Non-current borrowings | |||||
| Bank borrowings (Note (a))S$ thousand | 575,618 | 485,764 | 15,100 | 34,250 | PDF p. 94 |
| Less: unamortised loan transaction costsS$ thousand | (3,607) | - | - | - | PDF p. 94 |
| SubtotalS$ thousand | 572,011 | 485,764 | 15,100 | 34,250 | PDF p. 94 |
| Loans from non-controlling interests (Note (d))S$ thousand | 11,270 | 7,350 | - | - | 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 | 100,000 | 53,000 | 100,000 | 53,000 | PDF p. 94 |
| Less: Transaction costsS$ thousand | (1,047) | (248) | (1,047) | (248) | PDF p. 94 |
| SubtotalS$ thousand | 98,953 | 52,752 | 98,953 | 52,752 | PDF p. 94 |
| SubtotalS$ thousand | 682,234 | 580,934 | 114,053 | 101,502 | PDF p. 94 |
| Total borrowings | |||||
| Total borrowingsS$ thousand | 705,457 | 623,451 | 116,254 | 103,111 | PDF p. 94 |
Original report: PDF p. 94 ↗
Where the money comes from
| Item / unit | 2025Worker accommodation | 2025Student accommodation | 2025Others | 2025Total | 2024Worker accommodation | 2024Student accommodation | 2024Others | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Sales to external partiesS$'000 | 233,444 | 59,835 | 2,658 | 295,937 | 194,574 | 58,220 | 822 | 253,616 | PDF p. 104PDF p. 105 |
| Timing of revenue recognition in relation to revenue from contracts with customers | |||||||||
| - Point in timeS$'000 | 4,627 | 948 | 142 | 5,717 | 4,249 | 1,386 | 166 | 5,801 | PDF p. 104PDF p. 105 |
| - Over timeS$'000 | 8,511 | 681 | 641 | 9,833 | 6,716 | 1,095 | 656 | 8,467 | PDF p. 104PDF p. 105 |
| Results | |||||||||
| Segment resultsS$'000 | 132,603 | 34,073 | 338 | 167,014 | 130,418 | 29,017 | (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 | 33,771 | 5,709 | 50 | 39,530 | PDF p. 104 | ||||
| Included in segment results | |||||||||
| DepreciationS$'000 | 2,172 | 487 | 976 | 3,635 | 2,369 | 652 | 949 | 3,970 | PDF p. 104PDF p. 105 |
| As at 31 December | |||||||||
| Segment assetsS$'000 | 2,016,584 | 767,298 | 38,309 | 2,822,191 | 1,230,393 | 639,107 | 39,273 | 1,908,773 | PDF p. 104PDF p. 105 |
| Investments in associated companiesS$'000 | 82,816 | 30,054 | 1,219 | 114,089 | 190,601 | 26,050 | 1,118 | 217,769 | PDF p. 104PDF p. 105 |
| Investment in a joint ventureS$'000 | - | 48,775 | - | 48,775 | PDF p. 104 | ||||
| Deferred tax assetsS$'000 | 43 | - | 92 | 135 | 52 | - | 80 | 132 | PDF p. 104PDF p. 105 |
| Segment liabilitiesS$'000 | 282,269 | 40,820 | 29,399 | 352,488 | 212,902 | 29,358 | 30,761 | 273,021 | PDF p. 104PDF p. 105 |
| BorrowingsS$'000 | 448,980 | 256,477 | - | 705,457 | 384,357 | 239,094 | - | 623,451 | PDF p. 104PDF p. 105 |
| Other segment items | |||||||||
| Capital expenditureS$'000 | 748,852 | 76,398 | 357 | 825,607 | 72,099 | 7,795 | 6,280 | 86,174 | 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 | 160,443 | 58,366 | 320 | 219,129 | PDF p. 105 | ||||
| Share of net profit of associated companiesS$'000 | 92,875 | (6,812) | 16 | 86,079 | PDF p. 105 | ||||
Blank strings denote cells with no printed value in that column (reconciling items shown only in Total column).
Segment assets consist primarily of property, plant and equipment, investment properties, inventories, receivables, other current assets and operating cash, and exclude deferred tax assets, investments in associated companies, financial assets, at FVOCI and short-term bank deposits. Segment liabilities comprise operating liabilities and exclude items such as tax liabilities and bank borrowings. Capital expenditure comprises additions to property, plant and equipment and investment properties.
Others = provision of accommodation and services for professionals, and manufacture and sale of optical storage media and other trading goods.
| Item / unit | 2025Group revenue by geographical area | 2024Group revenue by geographical area | Source |
|---|---|---|---|
| Revenue | |||
| SingaporeS$'000 | 212,307 | 176,094 | PDF p. 105 |
| MalaysiaS$'000 | 20,785 | 19,256 | PDF p. 105 |
| AustraliaS$'000 | 15,702 | 16,861 | PDF p. 105 |
| United KingdomS$'000 | 42,527 | 40,172 | PDF p. 105 |
| Other countriesS$'000 | 4,616 | 1,233 | PDF p. 105 |
| Total (unlabelled)S$'000 | 295,937 | 253,616 | PDF p. 105 |
The total row has no printed label.
| Item / unit | 2025Group non-current assets by geographical area | 2024Group non-current assets by geographical area | Source |
|---|---|---|---|
| Non-current assets | |||
| SingaporeS$'000 | 1,788,351 | 1,215,928 | PDF p. 105 |
| MalaysiaS$'000 | 234,123 | 170,282 | PDF p. 105 |
| AustraliaS$'000 | 306,943 | 191,354 | PDF p. 105 |
| United KingdomS$'000 | 491,375 | 421,859 | PDF p. 105 |
| Other countriesS$'000 | 62,848 | 82,540 | PDF p. 105 |
| Total (unlabelled)S$'000 | 2,883,640 | 2,081,963 | PDF p. 105 |
The total row has no printed label.
Debt
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Borrowings repricing profile | |||||
| - not later than one yearS$’000 | 23,223 | 42,517 | 2,201 | 1,609 | PDF p. 95 |
| - between one to five yearsS$’000 | 632,341 | 392,603 | 114,053 | 101,502 | PDF p. 95 |
| - after five yearsS$’000 | 49,893 | 188,331 | - | - | PDF p. 95 |
| Total (unlabelled)S$’000 | 705,457 | 623,451 | 116,254 | 103,111 | PDF p. 95 |
| Item / unit | 2025Less than 1 year | 2025Between 1 and 2 years | 2025Between 2 and 5 years | 2025Over 5 years | 2024Less than 1 year | 2024Between 1 and 2 years | 2024Between 2 and 5 years | 2024Over 5 years | Source |
|---|---|---|---|---|---|---|---|---|---|
| Group | |||||||||
| Lease liabilitiesS$’000 | 32,935 | 18,919 | 39,540 | 122,308 | 31,780 | 24,122 | 49,902 | 133,686 | PDF p. 102 |
| BorrowingsS$’000 | 47,482 | 44,410 | 665,091 | 57,866 | 73,956 | 156,216 | 318,045 | 205,228 | PDF p. 102 |
Undiscounted contractual cash flows (include interest), including derivative financial liabilities in the overall table.
| Item / unit | 2025Less than 1 year | 2025Between 1 and 2 years | 2025Between 2 and 5 years | 2025Over 5 years | 2024Less than 1 year | 2024Between 1 and 2 years | 2024Between 2 and 5 years | 2024Over 5 years | Source |
|---|---|---|---|---|---|---|---|---|---|
| Company | |||||||||
| Lease liabilitiesS$’000 | 738 | - | - | - | 482 | - | - | - | PDF p. 102 |
| BorrowingsS$’000 | 5,883 | 5,886 | 123,522 | - | 6,465 | 79,572 | 11,740 | - | PDF p. 102 |
Non-current loan from a subsidiary of S$14,500,000 in 2024 was not included in the table (no fixed terms; settled during 2025).
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current | |||||
| Bank borrowings (Note (a))S$’000 | 20,985 | 42,159 | - | 1,288 | PDF p. 94 |
| Loans from non-controlling interests (Note (d))S$’000 | 37 | 37 | - | - | PDF p. 94 |
| Interest payableS$’000 | 2,201 | 321 | 2,201 | 321 | PDF p. 94 |
| Total current borrowings (unlabelled subtotal)S$’000 | 23,223 | 42,517 | 2,201 | 1,609 | PDF p. 94 |
| Non-current | |||||
| Bank borrowings (Note (a))S$’000 | 575,618 | 485,764 | 15,100 | 34,250 | PDF p. 94 |
| Less: unamortised loan transaction costsS$’000 | (3,607) | - | - | - | PDF p. 94 |
| Loans from non-controlling interests (Note (d))S$’000 | 11,270 | 7,350 | - | - | 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$’000 | 100,000 | 53,000 | 100,000 | 53,000 | PDF p. 94 |
| Less: Transaction costsS$’000 | (1,047) | (248) | (1,047) | (248) | PDF p. 94 |
| Total non-current borrowings (unlabelled subtotal)S$’000 | 682,234 | 580,934 | 114,053 | 101,502 | PDF p. 94 |
| Total | |||||
| Total borrowingsS$’000 | 705,457 | 623,451 | 116,254 | 103,111 | PDF p. 94 |
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.
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Bank borrowings repayable | |||||
| Within one yearS$’000 | 20,985 | 42,159 | - | 1,288 | PDF p. 95 |
| Between one and two yearsS$’000 | 18,215 | 76,110 | - | 23,250 | PDF p. 95 |
| Between two and five yearsS$’000 | 515,173 | 261,641 | 15,100 | 11,000 | PDF p. 95 |
| After five yearsS$’000 | 38,623 | 148,013 | - | - | PDF p. 95 |
| Total (unlabelled)S$’000 | 592,996 | 527,923 | 15,100 | 35,538 | PDF p. 95 |
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Other loans repayable | |||||
| Within one yearS$’000 | 2,238 | 358 | 2,201 | 321 | PDF p. 95 |
| Between one and two yearsS$’000 | - | 52,752 | - | 67,252 | PDF p. 95 |
| Between two and five yearsS$’000 | 98,953 | 2,100 | 98,953 | - | PDF p. 95 |
| After five yearsS$’000 | 11,270 | 40,318 | - | - | PDF p. 95 |
| Total (unlabelled)S$’000 | 112,461 | 95,528 | 101,154 | 67,573 | PDF p. 95 |
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Secured | |||
| Total borrowings include secured liabilitiesS$ | 577,897,000 | 492,385,000 | PDF p. 95 |
| Interest rates | |||
| Bank borrowings subject to floating interest ratesS$ | 580,635,000 | 511,852,000 | PDF p. 95 |
| Bank borrowings managed with interest rate capsS$ | 22,333,000 | 90,752,000 | PDF p. 95 |
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$53,636,000). Floating rates not printed as a numeric range.
Row quotes for 2024 values taken from the same sentence on the page; the interest-rate-caps and fixed-rate sentences wrap across lines in the source.
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Current | |||||
| - not later than one yearS$’000 | 26,408 | 24,415 | 688 | 449 | PDF p. 96 |
| Non-current | |||||
| - between one to five yearsS$’000 | 45,162 | 51,519 | - | - | PDF p. 96 |
| - after five yearsS$’000 | 93,091 | 107,623 | - | - | PDF p. 96 |
| Non-current total (unlabelled)S$’000 | 138,253 | 159,142 | - | - | PDF p. 96 |
| Total | |||||
| Total lease liabilities (unlabelled)S$’000 | 164,661 | 183,557 | 688 | 449 | PDF p. 96 |
| Item / unit | 2025Group SGD | 2025Group USD | 2025Group MYR | 2025Group AUD | 2025Group GBP | 2025Group CNY | 2025Group Other | 2025Group Total | 2024Group SGD | 2024Group USD | 2024Group MYR | 2024Group AUD | 2024Group GBP | 2024Group CNY | 2024Group Other | 2024Group Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial liabilities | |||||||||||||||||
| Lease liabilitiesS$’000 | 45,079 | - | 76,476 | - | - | 28,249 | 14,857 | 164,661 | 60,323 | - | 76,256 | - | - | 29,726 | 17,252 | 183,557 | PDF p. 99 |
| BorrowingsS$’000 | 483,135 | - | 44,106 | 69,834 | 108,346 | - | 36 | 705,457 | 456,735 | - | 15,303 | 48,303 | 103,072 | - | 38 | 623,451 | PDF p. 99 |
| Item / unit | 2025Company SGD | 2025Company USD | 2025Company AUD | 2025Company GBP | 2025Company Other | 2025Company Total | 2024Company SGD | 2024Company USD | 2024Company AUD | 2024Company GBP | 2024Company Other | 2024Company Total | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial liabilities | |||||||||||||
| BorrowingsS$’000 | 116,254 | - | - | - | - | 116,254 | 103,111 | - | - | - | - | 103,111 | PDF p. 99PDF p. 100 |
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company does not currently have a formal policy on | Company, FY2025 | PDF p. 55 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 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 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 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
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | PricewaterhouseCoopers LLP | Group and Company, FY2025 | PDF p. 59 |
| Engagement partner | Yeow Chee Keong | Group and Company, FY2025 | PDF p. 59 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 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.
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.