Delfi P34
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+2.16% +0.02 Updated 21 Oct 2026, 17:16 SGT
Financials
Delfi Limited Annual Report 2025
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13 tablesGroup Income Statement
14 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Income Statement | |||
| RevenueUSD thousand | 500,085 | 502,655 | PDF p. 90 |
| Cost of salesUSD thousand | (367,316) | (364,837) | PDF p. 90 |
| Gross profitUSD thousand | 132,769 | 137,818 | PDF p. 90 |
| Interest incomeUSD thousand | 3,237 | 2,710 | PDF p. 90 |
| Other operating incomeUSD thousand | 7,430 | 1,819 | PDF p. 90 |
| Selling and distribution costsUSD thousand | (64,379) | (63,960) | PDF p. 90 |
| Administrative expensesUSD thousand | (28,564) | (26,946) | PDF p. 90 |
| Finance costsUSD thousand | (1,018) | (1,419) | PDF p. 90 |
| Other operating expensesUSD thousand | (1,568) | (827) | PDF p. 90 |
| Share of results of associated company and joint venturesUSD thousand | (205) | (89) | PDF p. 90 |
| Profit before income taxUSD thousand | 47,702 | 49,106 | PDF p. 90 |
| Income tax expenseUSD thousand | (14,469) | (15,157) | PDF p. 90 |
| Total profitUSD thousand | 33,233 | 33,949 | PDF p. 90 |
| Profit attributable to equity holdersUSD thousand | 33,233 | 33,949 | PDF p. 90 |
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Original report: PDF p. 90 ↗
Group Earnings per Share
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Earnings per Share | |||
| Basic and diluted earnings per shareUS cents per share | 5.44 | 5.55 | PDF p. 90 |
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Original report: PDF p. 90 ↗
Group Comprehensive Income
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Comprehensive Income | |||
| Profit for the yearUSD thousand | 33,233 | 33,949 | PDF p. 91 |
| Currency translation differencesUSD thousand | (5,218) | (9,488) | PDF p. 91 |
| Remeasurements of defined pension benefits obligationUSD thousand | (79) | 572 | PDF p. 91 |
| Tax on remeasurementsUSD thousand | 20 | (123) | PDF p. 91 |
| Net pension remeasurementsUSD thousand | (59) | 449 | PDF p. 91 |
| Other comprehensive loss net of taxUSD thousand | (5,277) | (9,039) | PDF p. 91 |
| Total comprehensive incomeUSD thousand | 27,956 | 24,910 | PDF p. 91 |
| Comprehensive income attributable to equity holdersUSD thousand | 27,956 | 24,910 | PDF p. 91 |
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Original report: PDF p. 91 ↗
Group and Company Financial Position
37 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Group and Company Financial Position | |||||
| Cash and bank depositsUSD thousand | 67,994 | 43,785 | 43,299 | 33,111 | PDF p. 92 |
| Trade receivablesUSD thousand | 76,820 | 86,271 | 1,658 | 2,212 | PDF p. 92 |
| Loan to joint ventureUSD thousand | 60 | 60 | 60 | 60 | PDF p. 92 |
| InventoriesUSD thousand | 116,957 | 131,819 | – | – | PDF p. 92 |
| Rights to returned goodsUSD thousand | 692 | 1,486 | – | – | PDF p. 92 |
| Income tax recoverable currentUSD thousand | 5,520 | 12,168 | – | – | PDF p. 92 |
| Other financial assetsUSD thousand | 17,876 | – | – | – | PDF p. 92 |
| Other current assetsUSD thousand | 15,689 | 15,364 | 5,530 | 12,920 | PDF p. 92 |
| Total current assetsUSD thousand | 301,608 | 290,953 | 50,547 | 48,303 | PDF p. 92 |
| Investments in subsidiariesUSD thousand | – | – | 40,919 | 40,919 | PDF p. 92 |
| Investments in associated company and joint venturesUSD thousand | 1,833 | 2,089 | 3,623 | 3,960 | PDF p. 92 |
| Loan to associated companyUSD thousand | 790 | 800 | – | – | PDF p. 92 |
| Financial asset at FVPLUSD thousand | 662 | 574 | 580 | 500 | PDF p. 92 |
| Property plant and equipmentUSD thousand | 100,663 | 109,409 | 1,144 | 833 | PDF p. 92 |
| Intangible assetsUSD thousand | 18,300 | 18,014 | 17,358 | 17,426 | PDF p. 92 |
| Deferred income tax assetsUSD thousand | 5,056 | 4,368 | 340 | 340 | PDF p. 92 |
| Income tax recoverable non-currentUSD thousand | 6,762 | 1,606 | – | – | PDF p. 92 |
| Other non-current assetsUSD thousand | 874 | 415 | – | 48 | PDF p. 92 |
| Total non-current assetsUSD thousand | 134,940 | 137,275 | 63,964 | 64,026 | PDF p. 92 |
| Total assetsUSD thousand | 436,548 | 428,228 | 114,511 | 112,329 | PDF p. 92 |
| Trade payablesUSD thousand | 59,911 | 57,431 | 1,410 | 1,181 | PDF p. 92 |
| Refund liabilitiesUSD thousand | 6,024 | 7,805 | – | – | PDF p. 92 |
| Other payables currentUSD thousand | 61,390 | 57,878 | 3,525 | 3,399 | PDF p. 92 |
| Current income tax liabilitiesUSD thousand | 1,804 | 1,291 | – | – | PDF p. 92 |
| BorrowingsUSD thousand | 14,545 | 24,776 | – | – | PDF p. 92 |
| Total current liabilitiesUSD thousand | 143,674 | 149,181 | 4,935 | 4,580 | PDF p. 92 |
| Other payables non-currentUSD thousand | 618 | 1,856 | 469 | 241 | PDF p. 92 |
| Deferred income tax liabilitiesUSD thousand | 1,169 | 1,368 | – | – | PDF p. 92 |
| Provisions for other liabilities and chargesUSD thousand | 11,851 | 11,238 | – | – | PDF p. 92 |
| Total non-current liabilitiesUSD thousand | 13,638 | 14,462 | 469 | 241 | PDF p. 92 |
| Total liabilitiesUSD thousand | 157,312 | 163,643 | 5,404 | 4,821 | PDF p. 92 |
| Net assetsUSD thousand | 279,236 | 264,585 | 109,107 | 107,508 | PDF p. 92 |
| Share capitalUSD thousand | 95,936 | 95,936 | 95,936 | 95,936 | PDF p. 92 |
| Foreign currency translation reserveUSD thousand | (39,609) | (34,391) | – | – | PDF p. 92 |
| Other reservesUSD thousand | 1,930 | 1,989 | – | – | PDF p. 92 |
| Retained earningsUSD thousand | 220,979 | 201,051 | 13,171 | 11,572 | PDF p. 92 |
| Total equityUSD thousand | 279,236 | 264,585 | 109,107 | 107,508 | PDF p. 92 |
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Original report: PDF p. 92 ↗
Group Changes in Equity 2025
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupShare capital | 2025GroupForeign currency translation reserve | 2025GroupGeneral reserve | 2025GroupDefined pension benefits obligation reserve | 2025GroupRetained earnings | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|
| Group Changes in Equity 2025 | |||||||
| Opening balance at 1 January 2025USD thousand | 95,936 | (34,391) | 1,851 | 138 | 201,051 | 264,585 | PDF p. 93 |
| Profit for the yearUSD thousand | – | – | – | – | 33,233 | 33,233 | PDF p. 93 |
| Other comprehensive lossUSD thousand | – | (5,218) | – | (59) | – | (5,277) | PDF p. 93 |
| Total comprehensive incomeUSD thousand | – | (5,218) | – | (59) | 33,233 | 27,956 | PDF p. 93 |
| Final dividend relating to 2024 paidUSD thousand | – | – | – | – | (7,212) | (7,212) | PDF p. 93 |
| Interim dividend relating to 2025 paidUSD thousand | – | – | – | – | (6,093) | (6,093) | PDF p. 93 |
| Total transactions with ownersUSD thousand | – | – | – | – | (13,305) | (13,305) | PDF p. 93 |
| Closing balance at 31 December 2025USD thousand | 95,936 | (39,609) | 1,851 | 79 | 220,979 | 279,236 | PDF p. 93 |
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Original report: PDF p. 93 ↗
Group Changes in Equity 2024
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupShare capital | 2024GroupForeign currency translation reserve | 2024GroupGeneral reserve | 2024GroupDefined pension benefits obligation reserve | 2024GroupRetained earnings | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|
| Group Changes in Equity 2024 | |||||||
| Opening balance at 1 January 2024USD thousand | 95,936 | (24,903) | 1,851 | (311) | 193,647 | 266,220 | PDF p. 93 |
| Profit for the yearUSD thousand | – | – | – | – | 33,949 | 33,949 | PDF p. 93 |
| Other comprehensive lossUSD thousand | – | (9,488) | – | 449 | – | (9,039) | PDF p. 93 |
| Total comprehensive incomeUSD thousand | – | (9,488) | – | 449 | 33,949 | 24,910 | PDF p. 93 |
| Final and special dividends relating to 2023 paidUSD thousand | – | – | – | – | (13,812) | (13,812) | PDF p. 93 |
| Interim dividend relating to 2024 paidUSD thousand | – | – | – | – | (12,733) | (12,733) | PDF p. 93 |
| Total transactions with ownersUSD thousand | – | – | – | – | (26,545) | (26,545) | PDF p. 93 |
| Closing balance at 31 December 2024USD thousand | 95,936 | (34,391) | 1,851 | 138 | 201,051 | 264,585 | PDF p. 93 |
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Original report: PDF p. 93 ↗
Group Cash Flows from Operating Activities
20 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Cash Flows from Operating Activities | |||
| Total profitUSD thousand | 33,233 | 33,949 | PDF p. 94 |
| Income tax expenseUSD thousand | 14,469 | 15,157 | PDF p. 94 |
| Depreciation and amortisationUSD thousand | 13,130 | 12,530 | PDF p. 94 |
| Impairment loss on property plant and equipmentUSD thousand | 572 | – | PDF p. 94 |
| Gain on disposal of property plant and equipment netUSD thousand | (1,356) | (79) | PDF p. 94 |
| Interest incomeUSD thousand | (3,237) | (2,710) | PDF p. 94 |
| Interest expenseUSD thousand | 1,018 | 1,419 | PDF p. 94 |
| Fair value loss or gain on derivativesUSD thousand | 117 | (18) | PDF p. 94 |
| Fair value gain on financial asset at FVPLUSD thousand | (80) | – | PDF p. 94 |
| Share of results of associated company and joint venturesUSD thousand | 205 | 89 | PDF p. 94 |
| Operating cash flow before working capital changesUSD thousand | 58,071 | 60,337 | PDF p. 94 |
| InventoriesUSD thousand | 14,862 | (15,926) | PDF p. 94 |
| Trade and other receivablesUSD thousand | 9,767 | 9,553 | PDF p. 94 |
| Rights to returned goodsUSD thousand | 794 | (26) | PDF p. 94 |
| Trade and other payables and other provisionsUSD thousand | 6,726 | 16,867 | PDF p. 94 |
| Refund liabilitiesUSD thousand | (1,781) | 270 | PDF p. 94 |
| Cash generated from operationsUSD thousand | 88,439 | 71,075 | PDF p. 94 |
| Interest receivedUSD thousand | 3,237 | 2,710 | PDF p. 94 |
| Income tax paid net of refundsUSD thousand | (13,607) | (21,211) | PDF p. 94 |
| Net cash provided by operating activitiesUSD thousand | 78,069 | 52,574 | PDF p. 94 |
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Original report: PDF p. 94 ↗
Group Cash Flows from Investing Activities
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Cash Flows from Investing Activities | |||
| Purchases of property plant and equipmentUSD thousand | (8,132) | (27,508) | PDF p. 94 |
| Advances for purchase of property plant and equipmentUSD thousand | (1,118) | (1,088) | PDF p. 94 |
| Purchases of intangible assetsUSD thousand | (110) | (335) | PDF p. 94 |
| Purchase of financial asset at FVPLUSD thousand | – | (74) | PDF p. 94 |
| Purchase of other financial assetUSD thousand | (18,260) | – | PDF p. 94 |
| Proceeds from disposal of property plant and equipmentUSD thousand | 2,479 | 212 | PDF p. 94 |
| Net cash used in investing activitiesUSD thousand | (25,141) | (28,793) | PDF p. 94 |
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Original report: PDF p. 94 ↗
Group Cash Flows from Financing Activities
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Cash Flows from Financing Activities | |||
| Repayment of bank borrowingsUSD thousand | (4,768) | (1,856) | PDF p. 94 |
| Repayment of trade financeUSD thousand | (5,281) | (1,707) | PDF p. 94 |
| Repayment of lease liabilitiesUSD thousand | (4,347) | (3,401) | PDF p. 94 |
| Interest paidUSD thousand | (1,018) | (1,419) | PDF p. 94 |
| Dividends paid to equity holdersUSD thousand | (13,305) | (26,545) | PDF p. 94 |
| Net cash used in financing activitiesUSD thousand | (28,719) | (34,928) | PDF p. 94 |
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Original report: PDF p. 94 ↗
Group Cash and Cash Equivalents Reconciliation
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Group Cash and Cash Equivalents Reconciliation | |||
| Net increase or decrease in cash and cash equivalentsUSD thousand | 24,209 | (11,147) | PDF p. 94 |
| Beginning of financial yearUSD thousand | 43,785 | 55,310 | PDF p. 94 |
| Effects of currency translation on cash and cash equivalentsUSD thousand | – | (378) | PDF p. 94 |
| End of financial yearUSD thousand | 67,994 | 43,785 | PDF p. 94 |
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Original report: PDF p. 94 ↗
Group Financing Liabilities Reconciliation 2025
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupOpening balance | 2025GroupProceeds | 2025GroupPrincipal and interest payment | 2025GroupAdditions | 2025GroupInterest expense | 2025GroupCurrency movement | 2025GroupClosing balance | Source |
|---|---|---|---|---|---|---|---|---|
| Group Financing Liabilities Reconciliation 2025 | ||||||||
| Bank loansUSD thousand | 4,950 | – | (5,182) | – | 414 | (182) | – | PDF p. 95 |
| Trade financeUSD thousand | 19,826 | – | (5,726) | – | 445 | – | 14,545 | PDF p. 95 |
| Lease liabilitiesUSD thousand | 5,886 | – | (4,506) | 1,207 | 159 | 74 | 2,820 | PDF p. 95 |
| Total financing liabilitiesUSD thousand | 30,662 | – | (15,414) | 1,207 | 1,018 | (108) | 17,365 | PDF p. 95 |
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Original report: PDF p. 95 ↗
Group Financing Liabilities Reconciliation 2024
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupOpening balance | 2024GroupProceeds | 2024GroupPrincipal and interest payment | 2024GroupAdditions | 2024GroupInterest expense | 2024GroupCurrency movement | 2024GroupClosing balance | Source |
|---|---|---|---|---|---|---|---|---|
| Group Financing Liabilities Reconciliation 2024 | ||||||||
| Bank loansUSD thousand | 7,135 | – | (2,442) | – | 586 | (329) | 4,950 | PDF p. 95 |
| Trade financeUSD thousand | 21,533 | – | (2,271) | – | 564 | – | 19,826 | PDF p. 95 |
| Lease liabilitiesUSD thousand | 8,231 | – | (3,670) | 1,102 | 269 | (46) | 5,886 | PDF p. 95 |
| Total financing liabilitiesUSD thousand | 36,899 | – | (8,383) | 1,102 | 1,419 | (375) | 30,662 | PDF p. 95 |
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Original report: PDF p. 95 ↗
Five-year Summary
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| Metric / unit | 2025Group | 2024Group | 2023Group | 2022Group | 2021Group | Source |
|---|---|---|---|---|---|---|
| Five-year Summary | ||||||
| Net salesUSD million | 500.1 | 502.7 | 538.2 | 477.5 | 405.1 | PDF p. 9 |
| Gross profitUSD million | 132.8 | 137.8 | 153.2 | 145.5 | 119.7 | PDF p. 9 |
| Gross margin% | 26.5 | 27.4 | 28.5 | 30.5 | 29.5 | PDF p. 9 |
| EBITDAUSD million | 59.2 | 60.3 | 74.5 | 74.0 | 58.1 | PDF p. 9 |
| Profit attributable to shareholders excluding exceptional and non-recurring itemsUSD million | 33.2 | 33.9 | 46.3 | 43.9 | 26.0 | PDF p. 9 |
| Exceptional and non-recurring itemsUSD million | - | - | - | - | 3.3 | PDF p. 9 |
| Profit attributable to shareholders reportedUSD million | 33.2 | 33.9 | 46.3 | 43.9 | 29.3 | PDF p. 9 |
| Total assetsUSD million | 436.5 | 428.2 | 420.9 | 395.1 | 363.9 | PDF p. 9 |
| Total liabilities deductedUSD million | (157.3) | (163.6) | (154.7) | (148.9) | (124.6) | PDF p. 9 |
| Total shareholders equityUSD million | 279.2 | 264.6 | 266.2 | 246.2 | 239.3 | PDF p. 9 |
| Total debt deductedUSD million | (14.5) | (24.8) | (32.7) | (19.0) | (10.1) | PDF p. 9 |
| Net cash or debtUSD million | 53.4 | 19.0 | 26.6 | 58.1 | 76.2 | PDF p. 9 |
| Return on equity excluding non-recurring items% | 12.2 | 12.8 | 18.1 | 18.1 | 11.2 | PDF p. 9 |
| Return on equity including non-recurring items% | 12.2 | 12.8 | 18.1 | 18.1 | 12.6 | PDF p. 9 |
| Dividend per share totalUS cents per share | 2.72 | 3.24 | 4.32 | 4.30 | 2.83 | PDF p. 9 |
| Dividend per share normalUS cents per share | 2.72 | 3.24 | 3.80 | 3.58 | 2.35 | PDF p. 9 |
| Dividend per share specialUS cents per share | - | - | 0.52 | 0.72 | 0.48 | PDF p. 9 |
| Basic and diluted EPS excluding non-recurring itemsUS cents per share | 5.4 | 5.6 | 7.6 | 7.2 | 4.3 | PDF p. 9 |
| Basic and diluted EPS reportedUS cents per share | 5.4 | 5.6 | 7.6 | 7.2 | 4.8 | PDF p. 9 |
| Net tangible assets per shareUS cents per share | 42.7 | 40.3 | 40.5 | 37.3 | 36.0 | PDF p. 9 |
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Original report: PDF p. 9 ↗
Where the money comes from
Segment information
By business
Segment information, year ended 31 December 2025 (Note 37) 16 lines
| Item / unit | 2025Indonesia | 2025Regional Markets | 2025Total | Source |
|---|---|---|---|---|
| Sales | ||||
| Total segment salesUS$'000 | 329,061 | 198,822 | 527,883 | PDF p. 155 |
| Inter-segment salesUS$'000 | (27,781) | (17) | (27,798) | PDF p. 155 |
| Sales to external partiesUS$'000 | 301,280 | 198,805 | 500,085 | PDF p. 155 |
| Segment results | ||||
| EBITDAUS$'000 | 53,306 | 5,879 | 59,185 | PDF p. 155 |
| Interest incomeUS$'000 | 1,312 | 1,925 | 3,237 | PDF p. 155 |
| Finance costsUS$'000 | (58) | (960) | (1,018) | PDF p. 155 |
| Share of results of associated company and joint venturesUS$'000 | – | (205) | (205) | PDF p. 155 |
| Income tax expenseUS$'000 | (11,745) | (2,724) | (14,469) | PDF p. 155 |
| Included within segment results | ||||
| Depreciation and amortisationUS$'000 | (9,902) | (3,228) | (13,130) | PDF p. 155 |
| Impairment loss on property, plant and equipmentUS$'000 | – | (572) | (572) | PDF p. 155 |
| Cost of inventories soldUS$'000 | (177,208) | (147,000) | (324,208) | PDF p. 155 |
| Employee compensationUS$'000 | (26,846) | (23,502) | (50,348) | PDF p. 155 |
| Logistics and insuranceUS$'000 | (12,894) | (11,189) | (24,083) | PDF p. 155 |
| Other segment information | ||||
| Capital expenditure on property, plant and equipmentUS$'000 | 7,977 | 1,362 | 9,339 | PDF p. 155 |
| Sales are analysed as | ||||
| Own BrandsUS$'000 | 234,099 | 61,630 | 295,729 | PDF p. 155 |
| Agency BrandsUS$'000 | 67,181 | 137,175 | 204,356 | PDF p. 155 |
Notes
Two geographical segments: Indonesia and Regional Markets (Philippines, Malaysia and Singapore). Amounts in US$'000.
Segment information, year ended 31 December 2024 (Note 37) 15 lines
| Item / unit | 2024Indonesia | 2024Regional Markets | 2024Total | Source |
|---|---|---|---|---|
| Sales | ||||
| Total segment salesUS$'000 | 336,950 | 188,393 | 525,343 | PDF p. 156 |
| Inter-segment salesUS$'000 | (22,688) | – | (22,688) | PDF p. 156 |
| Sales to external partiesUS$'000 | 314,262 | 188,393 | 502,655 | PDF p. 156 |
| Segment results | ||||
| EBITDAUS$'000 | 56,657 | 3,688 | 60,345 | PDF p. 156 |
| Interest incomeUS$'000 | 1,759 | 951 | 2,710 | PDF p. 156 |
| Finance costsUS$'000 | (260) | (1,159) | (1,419) | PDF p. 156 |
| Share of results of associated company and joint venturesUS$'000 | – | (89) | (89) | PDF p. 156 |
| Income tax expenseUS$'000 | (12,797) | (2,360) | (15,157) | PDF p. 156 |
| Included within segment results | ||||
| Depreciation and amortisationUS$'000 | (9,035) | (3,495) | (12,530) | PDF p. 156 |
| Cost of inventories soldUS$'000 | (183,649) | (135,415) | (319,064) | PDF p. 156 |
| Employee compensationUS$'000 | (27,964) | (23,044) | (51,008) | PDF p. 156 |
| Logistics and insuranceUS$'000 | (13,436) | (9,911) | (23,347) | PDF p. 156 |
| Other segment information | ||||
| Capital expenditure on property, plant and equipmentUS$'000 | 27,884 | 726 | 28,610 | PDF p. 156 |
| Sales are analysed as | ||||
| Own BrandsUS$'000 | 222,348 | 59,680 | 282,028 | PDF p. 156 |
| Agency BrandsUS$'000 | 91,914 | 128,713 | 220,627 | PDF p. 156 |
Notes
Sales between segments are carried out at arm’s length. The revenue from external parties reported to the Executive Committee is measured in a manner consistent with that in the consolidated income statement. No impairment line printed for 2024.
Reconciliation of EBITDA to profit before tax (Note 37(a)) 7 lines
| Item / unit | 2025The Group | 2024The Group | Source |
|---|---|---|---|
| Reconciliation | |||
| EBITDAUS$'000 | 59,185 | 60,345 | PDF p. 157 |
| Interest expense (Note 6)US$'000 | (1,018) | (1,419) | PDF p. 157 |
| Interest income (Note 4)US$'000 | 3,237 | 2,710 | PDF p. 157 |
| Depreciation of property, plant and equipment (Note 19)US$'000 | (12,865) | (12,234) | PDF p. 157 |
| Impairment loss on property, plant and equipment (Note 19)US$'000 | (572) | – | PDF p. 157 |
| Amortisation of intangible assets (Note 21(c))US$'000 | (265) | (296) | PDF p. 157 |
| Profit before taxUS$'000 | 47,702 | 49,106 | PDF p. 157 |
Notes
EBITDA is the segment performance measure used by the Executive Committee; it excludes items such as impairment loss that are not expected to recur regularly.
By geography
Geographical information (Note 37(b)) 6 lines
| Item / unit | 2025The Group Revenue | 2024The Group Revenue | 2025The Group Non-current assets | 2024The Group Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| IndonesiaUS$'000 | 301,280 | 314,262 | 100,826 | 101,563 | PDF p. 157 |
| Regional Markets | |||||
| PhilippinesUS$'000 | 54,561 | 52,105 | 4,957 | 6,698 | PDF p. 157 |
| MalaysiaUS$'000 | 135,858 | 127,265 | 2,665 | 3,681 | PDF p. 157 |
| SingaporeUS$'000 | 1,695 | 2,028 | 21,370 | 20,861 | PDF p. 157 |
| Other countriesUS$'000 | 6,691 | 6,995 | 66 | 105 | PDF p. 157 |
| Geographical information | |||||
| TotalUS$'000 | 500,085 | 502,655 | 129,884 | 132,908 | PDF p. 157 |
Notes
Sales are based on the country in which the customer is located. Non-current assets are shown by the country where the assets are located; based on locations of non-current assets and excludes deferred tax assets. Regional Markets comprises Philippines, Malaysia, Singapore and Other countries (sub-rows).
Debt
Borrowings
Liquidity risk maturity - Group, 31 December 2025 (undiscounted)
| Item / unit | 2025Less than 1 year | 2025Between 1 and 2 years | 2025Between 2 and 5 years | 2025Over 5 years | 2025Total | Source |
|---|---|---|---|---|---|---|
| The Group At 31 December 2025 | ||||||
| Lease liabilitiesUS$'000 | 2,258 | 451 | 185 | – | 2,894 | PDF p. 150 |
| BorrowingsUS$'000 | 14,545 | – | – | – | 14,545 | PDF p. 150 |
Notes
Contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant.
Liquidity risk maturity - Group, 31 December 2024 (undiscounted)
| Item / unit | 2024Less than 1 year | 2024Between 1 and 2 years | 2024Between 2 and 5 years | 2024Over 5 years | 2024Total | Source |
|---|---|---|---|---|---|---|
| The Group At 31 December 2024 | ||||||
| Lease liabilitiesUS$'000 | 4,134 | 1,585 | 314 | 18 | 6,051 | PDF p. 150 |
| BorrowingsUS$'000 | 24,846 | – | – | – | 24,846 | PDF p. 150 |
Notes
Contractual undiscounted cash flows (includes interest, hence 24,846 vs carrying 24,776).
Liquidity risk maturity - Company, lease liabilities
| Item / unit | 2025Less than 1 year | 2025Between 1 and 2 years | 2025Between 2 and 5 years | 2025Over 5 years | 2025Total | Source |
|---|---|---|---|---|---|---|
| The Company At 31 December 2025 | ||||||
| Lease liabilitiesUS$'000 | 606 | 351 | 134 | – | 1,091 | PDF p. 150 |
Notes
The Company has no borrowings in this table; 2024 Company lease liabilities: 283, 69, 177, 18, total 547.
Borrowing notes 3 tables
Borrowings
| Item / unit | 2025US$'000 | 2024US$'000 | Source |
|---|---|---|---|
| Current - Secured | |||
| Trade financeUS$'000 | 14,545 | 19,826 | PDF p. 136 |
| Current - Unsecured | |||
| Bank overdraftsUS$'000 | – | – | PDF p. 136 |
| Bank loansUS$'000 | – | 4,950 | PDF p. 136 |
| Current | |||
| Total borrowingsUS$'000 | 14,545 | 24,776 | PDF p. 136 |
Notes
Trade finance relates to banker’s acceptances and short-term revolving credit facilities.
Bank borrowings of one of the subsidiaries are secured on inventories.
The carrying amounts of borrowings approximate their fair value as the borrowings bear interest at variable rates.
All borrowings are classified as current; no non-current borrowings printed.
Borrowings - interest repricing profile
| Item / unit | 2025US$'000 | 2024US$'000 | Source |
|---|---|---|---|
| Repricing | |||
| 6 months or lessUS$'000 | 14,545 | 24,776 | PDF p. 136 |
| 6 to 12 monthsUS$'000 | – | – | PDF p. 136 |
Notes
Exposure of borrowings to interest rate changes and contractual repricing dates at balance sheet date.
Lease liabilities (balance sheet)
| Item / unit | 2025The Group | 2024The Group | 2025The Company | 2024The Company | Source |
|---|---|---|---|---|---|
| Current | |||||
| Lease liabilitiesUS$'000 | 2,202 | 4,030 | 583 | 270 | PDF p. 136 |
| Non-current | |||||
| Lease liabilitiesUS$'000 | 618 | 1,856 | 469 | 241 | PDF p. 136 |
Payout
Dividends & distributions
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim dividend for 2025 | 1.00 US cents per share | Group, FY2025 (comparative 2024: 2.06 US cents or 2.72 Singapore cents per share) | PDF p. 141 |
| Final dividend for 2024 | 1.18 US cents per share | Group, FY2024 final dividend paid in 2025 (comparative 2023: 1.74 US cents or 2.33 Singapore cents per share) | PDF p. 141 |
| Special dividend for 2024 | NIL | Group, FY2024 special dividend (comparative 2023: 0.52 US cents or 0.69 Singapore cents per share) | PDF p. 141 |
| final dividend | 2.15 Singapore cents per share | Group, FY2025 final dividend proposed, subject to approval at AGM on 28 April 2026 | PDF p. 141 |
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Resolution 8 | The proposed Resolution 8, if passed, will empower the Directors to allot and issue shares in the Company under the Delfi Limited Scrip Dividend Scheme to members who, in respect of a qualifying dividend, have elected to receive scrip in lieu of the cash amount of that qualifying dividend. | Company | PDF p. 187 |
Extracted from Delfi Limited Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Engagement partner | Ms. Theresa Sim May Ling | Group | PDF p. 89 |
| Our opinion | give a true and fair view | Group and Company | PDF p. 85 |
Extracted from Delfi 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 Delfi Limited Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Audited figures are USD thousands except earnings per share in US cents. Group income and comprehensive income statements and Group/Company financial position are separately identified.
Primary financial statements extracted. FY2025 currency effect on cash is printed as a dash and disclosed as less than USD500; the dash is retained. Historical comparisons and Profile extraction must be completed and verified before publication.
Five-year amounts are USD millions; ratios are percent and per-share figures are US cents. Audited amounts are USD thousands and EPS has two decimal places; historical one-decimal figures retain original rounding.
Total liabilities and debt are shown as deductions in the original summary and retain parentheses. Net cash deducts bank and trade-finance borrowings, not lease liabilities.
FY2022 sales and gross profit were recomputed for reclassification of trade promotions; the report states no effect on profit, EBITDA, balance sheet or cash flows. FY2021 includes exceptional and non-recurring items; reported and adjusted profit/EPS remain separate.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.