Annual Report 2025
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| Group profit or loss and comprehensive income | |||
| RevenueSingapore dollars thousands | 38,851 | 27,646 | PDF p. 52 |
| Cost of salesSingapore dollars thousands | (16,448) | (16,111) | PDF p. 52 |
| Gross profi tSingapore dollars thousands | 22,403 | 11,535 | PDF p. 52 |
| Other operating incomeSingapore dollars thousands | 627 | 396 | PDF p. 52 |
| Selling and marketing expensesSingapore dollars thousands | (15,749) | (14,684) | PDF p. 52 |
| Administrative expensesSingapore dollars thousands | (21,760) | (21,249) | PDF p. 52 |
| Finance incomeSingapore dollars thousands | 2,718 | 3,436 | PDF p. 52 |
| Finance costsSingapore dollars thousands | (152) | (196) | PDF p. 52 |
| Loss before income tax from operationsSingapore dollars thousands | (11,913) | (20,762) | PDF p. 52 |
| Fair value gain on investment propertiesSingapore dollars thousands | 36 | 161 | PDF p. 52 |
| Share of profi t of associate, net of taxSingapore dollars thousands | 878 | 1,621 | PDF p. 52 |
| Loss before income taxSingapore dollars thousands | (10,999) | (18,980) | PDF p. 52 |
| Tax (expense)/creditSingapore dollars thousands | (1,638) | 104 | PDF p. 52 |
| Loss for the yearSingapore dollars thousands | (12,637) | (18,876) | PDF p. 52 |
| Item that may be reclassifi ed subsequently to profi t or loss | |||
| Foreign currency translationSingapore dollars thousands | (1,272) | 2,001 | PDF p. 52 |
| Other comprehensive (loss)/income for the yearSingapore dollars thousands | (1,272) | 2,001 | PDF p. 52 |
| Total comprehensive loss for the yearSingapore dollars thousands | (13,909) | (16,875) | PDF p. 52 |
| Loss for the year attributable to: | |||
| Owners of the CompanySingapore dollars thousands | (12,640) | (18,883) | PDF p. 52 |
| Non-controlling interestsSingapore dollars thousands | 3 | 7 | PDF p. 52 |
| SubtotalSingapore dollars thousands | (12,637) | (18,876) | PDF p. 52 |
| Total comprehensive (loss)/income for the year attributable to: | |||
| Owners of the CompanySingapore dollars thousands | (13,910) | (16,885) | PDF p. 52 |
| Non-controlling interestsSingapore dollars thousands | 1 | 10 | PDF p. 52 |
| SubtotalSingapore dollars thousands | (13,909) | (16,875) | PDF p. 52 |
| Loss per share (cents per share): | |||
| BasicSingapore cents per share | (4.93) | (7.37) | PDF p. 52 |
| DilutedSingapore cents per share | (4.93) | (7.37) | PDF p. 52 |
Original report: PDF p. 52 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| Cash fl ows from operating activities | |||
| Loss before income taxSingapore dollars thousands | (10,999) | (18,980) | PDF p. 58 |
| Adjustments for: | |||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 3,709 | 3,411 | PDF p. 58 |
| Amortisation of intangible assetsSingapore dollars thousands | 653 | 797 | PDF p. 58 |
| Impairment loss on trade receivables, netSingapore dollars thousands | 1,999 | 1,373 | PDF p. 58 |
| Bad debts written off , netSingapore dollars thousands | 166 | 379 | PDF p. 58 |
| Loss on disposal of fi xed assetsSingapore dollars thousands | 224 | — | PDF p. 58 |
| Interest incomeSingapore dollars thousands | (2,718) | (3,436) | PDF p. 58 |
| Interest expenseSingapore dollars thousands | 152 | 196 | PDF p. 58 |
| Share-based compensation reversalSingapore dollars thousands | — | (240) | PDF p. 58 |
| Fair value gain on investment propertiesSingapore dollars thousands | (36) | (161) | PDF p. 58 |
| Investment gainSingapore dollars thousands | (42) | (34) | PDF p. 58 |
| Share of profi t of associateSingapore dollars thousands | (878) | (1,621) | PDF p. 58 |
| Unrealised exchange (gain)/lossSingapore dollars thousands | (26) | 602 | PDF p. 58 |
| SubtotalSingapore dollars thousands | (7,796) | (17,714) | PDF p. 58 |
| Changes in: | |||
| Trade receivablesSingapore dollars thousands | (2,526) | (4,252) | PDF p. 58 |
| Contract assetsSingapore dollars thousands | 2,189 | 4,052 | PDF p. 58 |
| Other receivables and prepaymentsSingapore dollars thousands | 1,509 | 165 | PDF p. 58 |
| InventoriesSingapore dollars thousands | (55) | (125) | PDF p. 58 |
| Trade and other payablesSingapore dollars thousands | 885 | 3,364 | PDF p. 58 |
| Contract liabilitiesSingapore dollars thousands | 3,092 | 3,007 | PDF p. 58 |
| Cash used in operationsSingapore dollars thousands | (2,702) | (11,503) | PDF p. 58 |
| Interest receivedSingapore dollars thousands | 2,629 | 1,697 | PDF p. 58 |
| Income tax received/(paid)Singapore dollars thousands | 117 | (1,506) | PDF p. 58 |
| Net cash generated from/(used in) operating activitiesSingapore dollars thousands | 44 | (11,312) | PDF p. 58 |
| Cash fl ows from investing activities | |||
| Purchase of property, plant and equipmentSingapore dollars thousands | (1,233) | (3,252) | PDF p. 59 |
| Purchase of intangible assetsSingapore dollars thousands | (226) | (146) | PDF p. 59 |
| Proceeds from disposal of fi xed assetsSingapore dollars thousands | 32 | 173 | PDF p. 59 |
| Dividend received from associateSingapore dollars thousands | 612 | 440 | PDF p. 59 |
| Redemption of short-term investmentsSingapore dollars thousands | 4,200 | — | PDF p. 59 |
| Transfer from fi xed deposits, netSingapore dollars thousands | 3,324 | 883 | PDF p. 59 |
| Net cash generated from/(used in) investing activitiesSingapore dollars thousands | 6,709 | (1,902) | PDF p. 59 |
| Cash fl ows from fi nancing activities | |||
| Transfer from pledged fi xed depositsSingapore dollars thousands | — | 8,556 | PDF p. 59 |
| Payment of lease liabilitiesSingapore dollars thousands | (2,032) | (2,029) | PDF p. 59 |
| Interest paidSingapore dollars thousands | (152) | (196) | PDF p. 59 |
| Dividends paidSingapore dollars thousands | (72) | (74) | PDF p. 59 |
| Cash fl ows (used in)/generated from fi nancing activitiesSingapore dollars thousands | (2,256) | 6,257 | PDF p. 59 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands | 4,497 | (6,957) | PDF p. 59 |
| Cash and cash equivalents at beginning of the yearSingapore dollars thousands | 11,497 | 18,423 | PDF p. 59 |
| Eff ects of exchange rate changes on the balance of cash and cash equivalentsSingapore dollars thousands | (798) | 31 | PDF p. 59 |
| Cash and cash equivalents at end of the yearSingapore dollars thousands | 15,196 | 11,497 | PDF p. 59 |
Original report: PDF p. 58 ↗ PDF p. 59 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars thousands | 14,877 | 17,035 | PDF p. 53 |
| Investment propertiesSingapore dollars thousands | 4,506 | 5,032 | PDF p. 53 |
| Intangible assetsSingapore dollars thousands | 28,364 | 29,803 | PDF p. 53 |
| Deferred tax assetsSingapore dollars thousands | 376 | 1,748 | PDF p. 53 |
| Investment in subsidiariesSingapore dollars thousands | — | — | PDF p. 53 |
| Investment in associateSingapore dollars thousands | 4,105 | 3,644 | PDF p. 53 |
| Contract assetsSingapore dollars thousands | 55,006 | 58,421 | PDF p. 53 |
| Other receivablesSingapore dollars thousands | 1 | 12 | PDF p. 53 |
| Fixed depositsSingapore dollars thousands | 9,329 | 6,343 | PDF p. 53 |
| SubtotalSingapore dollars thousands | 116,564 | 122,038 | PDF p. 53 |
| Current assets | |||
| Property held-for-saleSingapore dollars thousands | 665 | — | PDF p. 53 |
| InventoriesSingapore dollars thousands | 977 | 922 | PDF p. 53 |
| PrepaymentsSingapore dollars thousands | 1,919 | 2,861 | PDF p. 53 |
| Trade receivablesSingapore dollars thousands | 25,274 | 25,162 | PDF p. 53 |
| Other receivablesSingapore dollars thousands | 3,860 | 4,155 | PDF p. 53 |
| Tax recoverableSingapore dollars thousands | 801 | 1,153 | PDF p. 53 |
| Amounts owing by subsidiariesSingapore dollars thousands | — | — | PDF p. 53 |
| InvestmentsSingapore dollars thousands | 1,449 | 5,960 | PDF p. 53 |
| Fixed depositsSingapore dollars thousands | 34,678 | 43,122 | PDF p. 53 |
| Pledged fi xed depositsSingapore dollars thousands | 376 | 272 | PDF p. 53 |
| Cash and cash equivalentsSingapore dollars thousands | 15,196 | 11,497 | PDF p. 53 |
| SubtotalSingapore dollars thousands | 85,195 | 95,104 | PDF p. 53 |
| Total assetsSingapore dollars thousands | 201,759 | 217,142 | PDF p. 53 |
| Current liabilities | |||
| Trade and other payablesSingapore dollars thousands | 16,774 | 16,488 | PDF p. 54 |
| Amounts owing to subsidiariesSingapore dollars thousands | — | — | PDF p. 54 |
| Lease liabilitiesSingapore dollars thousands | 654 | 1,894 | PDF p. 54 |
| Contract liabilitiesSingapore dollars thousands | 11,140 | 10,463 | PDF p. 54 |
| Tax payableSingapore dollars thousands | 368 | 85 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 28,936 | 28,930 | PDF p. 54 |
| Net current assetsSingapore dollars thousands | 56,259 | 66,174 | PDF p. 54 |
| Non-current liabilities | |||
| Other payablesSingapore dollars thousands | 1,059 | 1,002 | PDF p. 54 |
| Amounts owing to subsidiariesSingapore dollars thousands | — | — | PDF p. 54 |
| Lease liabilitiesSingapore dollars thousands | 688 | 531 | PDF p. 54 |
| Contract liabilitiesSingapore dollars thousands | 63,002 | 64,423 | PDF p. 54 |
| Deferred tax liabilitiesSingapore dollars thousands | 3,593 | 3,794 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 68,342 | 69,750 | PDF p. 54 |
| Total liabilitiesSingapore dollars thousands | 97,278 | 98,680 | PDF p. 54 |
| Net assetsSingapore dollars thousands | 104,481 | 118,462 | PDF p. 54 |
| Company | |||
| Share capitalSingapore dollars thousands | 94,468 | 94,468 | PDF p. 54 |
| Treasury sharesSingapore dollars thousands | (12,194) | (12,194) | PDF p. 54 |
| Accumulated profi tsSingapore dollars thousands | 43,990 | 56,630 | PDF p. 54 |
| Other reservesSingapore dollars thousands | (21,965) | (20,695) | PDF p. 54 |
| SubtotalSingapore dollars thousands | 104,299 | 118,209 | PDF p. 54 |
| Non-controlling interestsSingapore dollars thousands | 182 | 253 | PDF p. 54 |
| Total equitySingapore dollars thousands | 104,481 | 118,462 | PDF p. 54 |
| Total equity and liabilitiesSingapore dollars thousands | 201,759 | 217,142 | PDF p. 54 |
Original report: PDF p. 53 ↗ PDF p. 54 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / year ended December 31, 2025 | 2024Company / year ended December 31, 2024 | Source |
|---|---|---|---|
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars thousands | 5,427 | 5,981 | PDF p. 53 |
| Investment propertiesSingapore dollars thousands | 2,670 | 2,600 | PDF p. 53 |
| Intangible assetsSingapore dollars thousands | 495 | 873 | PDF p. 53 |
| Deferred tax assetsSingapore dollars thousands | 15 | 1,406 | PDF p. 53 |
| Investment in subsidiariesSingapore dollars thousands | 56,705 | 56,705 | PDF p. 53 |
| Investment in associateSingapore dollars thousands | — | — | PDF p. 53 |
| Contract assetsSingapore dollars thousands | 34,038 | 35,383 | PDF p. 53 |
| Other receivablesSingapore dollars thousands | — | — | PDF p. 53 |
| Fixed depositsSingapore dollars thousands | — | — | PDF p. 53 |
| SubtotalSingapore dollars thousands | 99,350 | 102,948 | PDF p. 53 |
| Current assets | |||
| Property held-for-saleSingapore dollars thousands | — | — | PDF p. 53 |
| InventoriesSingapore dollars thousands | 170 | 151 | PDF p. 53 |
| PrepaymentsSingapore dollars thousands | 586 | 1,126 | PDF p. 53 |
| Trade receivablesSingapore dollars thousands | 12,305 | 11,187 | PDF p. 53 |
| Other receivablesSingapore dollars thousands | 953 | 1,335 | PDF p. 53 |
| Tax recoverableSingapore dollars thousands | — | — | PDF p. 53 |
| Amounts owing by subsidiariesSingapore dollars thousands | 24,042 | 23,889 | PDF p. 53 |
| InvestmentsSingapore dollars thousands | — | 4,616 | PDF p. 53 |
| Fixed depositsSingapore dollars thousands | 6,450 | 3,988 | PDF p. 53 |
| Pledged fi xed depositsSingapore dollars thousands | — | — | PDF p. 53 |
| Cash and cash equivalentsSingapore dollars thousands | 4,767 | 1,571 | PDF p. 53 |
| SubtotalSingapore dollars thousands | 49,273 | 47,863 | PDF p. 53 |
| Total assetsSingapore dollars thousands | 148,623 | 150,811 | PDF p. 53 |
| Current liabilities | |||
| Trade and other payablesSingapore dollars thousands | 9,091 | 8,983 | PDF p. 54 |
| Amounts owing to subsidiariesSingapore dollars thousands | 3,227 | 939 | PDF p. 54 |
| Lease liabilitiesSingapore dollars thousands | 55 | 365 | PDF p. 54 |
| Contract liabilitiesSingapore dollars thousands | 3,755 | 3,791 | PDF p. 54 |
| Tax payableSingapore dollars thousands | — | — | PDF p. 54 |
| SubtotalSingapore dollars thousands | 16,128 | 14,078 | PDF p. 54 |
| Net current assetsSingapore dollars thousands | 33,145 | 33,785 | PDF p. 54 |
| Non-current liabilities | |||
| Other payablesSingapore dollars thousands | — | — | PDF p. 54 |
| Amounts owing to subsidiariesSingapore dollars thousands | 12,338 | 13,232 | PDF p. 54 |
| Lease liabilitiesSingapore dollars thousands | 126 | 20 | PDF p. 54 |
| Contract liabilitiesSingapore dollars thousands | 11,015 | 10,539 | PDF p. 54 |
| Deferred tax liabilitiesSingapore dollars thousands | 15 | 15 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 23,494 | 23,806 | PDF p. 54 |
| Total liabilitiesSingapore dollars thousands | 39,622 | 37,884 | PDF p. 54 |
| Net assetsSingapore dollars thousands | 109,001 | 112,927 | PDF p. 54 |
| Company | |||
| Share capitalSingapore dollars thousands | 94,468 | 94,468 | PDF p. 54 |
| Treasury sharesSingapore dollars thousands | (12,194) | (12,194) | PDF p. 54 |
| Accumulated profi tsSingapore dollars thousands | 26,280 | 30,206 | PDF p. 54 |
| Other reservesSingapore dollars thousands | 447 | 447 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 109,001 | 112,927 | PDF p. 54 |
| Non-controlling interestsSingapore dollars thousands | — | — | PDF p. 54 |
| Total equitySingapore dollars thousands | 109,001 | 112,927 | PDF p. 54 |
| Total equity and liabilitiesSingapore dollars thousands | 148,623 | 150,811 | PDF p. 54 |
Original report: PDF p. 53 ↗ PDF p. 54 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended December 31, 2024 / Share capital | 2024Group / year ended December 31, 2024 / Treasury shares | 2024Group / year ended December 31, 2024 / Accumulated profits | 2024Group / year ended December 31, 2024 / Share-based compensation reserve | 2024Group / year ended December 31, 2024 / Capital reserve | 2024Group / year ended December 31, 2024 / Merger reserve | 2024Group / year ended December 31, 2024 / Acquisition reserve | 2024Group / year ended December 31, 2024 / Revaluation reserve | 2024Group / year ended December 31, 2024 / Foreign currency translation reserve | 2024Group / year ended December 31, 2024 / Equity attributable to owners of the Company | 2024Group / year ended December 31, 2024 / Non-controlling interests | 2024Group / year ended December 31, 2024 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||||||
| At 1 January 2024Singapore dollars thousands | 94,468 | (12,194) | 75,513 | 265 | 568 | 534 | (11,931) | 477 | (12,366) | 135,334 | 317 | 135,651 | PDF p. 55 |
| Total comprehensive (loss)/ income for the year (Loss)/profi t for the yearSingapore dollars thousands | — | — | (18,883) | — | — | — | — | — | — | (18,883) | 7 | (18,876) | PDF p. 55 |
| Other comprehensive income/(loss) | |||||||||||||
| Foreign currency translationSingapore dollars thousands | — | — | — | — | — | — | — | — | 1,998 | 1,998 | 3 | 2,001 | PDF p. 55 |
| Total comprehensive (loss)/income for the yearSingapore dollars thousands | — | — | (18,883) | — | — | — | — | — | 1,998 | (16,885) | 10 | (16,875) | PDF p. 55 |
| to owners | |||||||||||||
| Share-based compensation reversalSingapore dollars thousands | — | — | — | (240) | — | — | — | — | — | (240) | — | (240) | PDF p. 55 |
| DividendsSingapore dollars thousands | — | — | — | — | — | — | — | — | — | — | (74) | (74) | PDF p. 55 |
| Total contributions by and distributions to ownersSingapore dollars thousands | — | — | — | (240) | — | — | — | — | — | (240) | (74) | (314) | PDF p. 55 |
| At 31 December 2024Singapore dollars thousands | 94,468 | (12,194) | 56,630 | 25 | 568 | 534 | (11,931) | 477 | (10,368) | 118,209 | 253 | 118,462 | PDF p. 55 |
Original report: PDF p. 55 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 / Share capital | 2025Group / year ended December 31, 2025 / Treasury shares | 2025Group / year ended December 31, 2025 / Accumulated profits | 2025Group / year ended December 31, 2025 / Share-based compensation reserve | 2025Group / year ended December 31, 2025 / Capital reserve | 2025Group / year ended December 31, 2025 / Merger reserve | 2025Group / year ended December 31, 2025 / Acquisition reserve | 2025Group / year ended December 31, 2025 / Revaluation reserve | 2025Group / year ended December 31, 2025 / Foreign currency translation reserve | 2025Group / year ended December 31, 2025 / Equity attributable to owners of the Company | 2025Group / year ended December 31, 2025 / Non-controlling interests | 2025Group / year ended December 31, 2025 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||||||
| At 1 January 2025Singapore dollars thousands | 94,468 | (12,194) | 56,630 | 25 | 568 | 534 | (11,931) | 477 | (10,368) | 118,209 | 253 | 118,462 | PDF p. 56 |
| Total comprehensive (loss)/ income for the year (Loss)/profi t for the yearSingapore dollars thousands | — | — | (12,640) | — | — | — | — | — | — | (12,640) | 3 | (12,637) | PDF p. 56 |
| Other comprehensive loss | |||||||||||||
| Foreign currency translationSingapore dollars thousands | — | — | — | — | — | — | — | — | (1,270) | (1,270) | (2) | (1,272) | PDF p. 56 |
| Total comprehensive (loss)/income for the yearSingapore dollars thousands | — | — | (12,640) | — | — | — | — | — | (1,270) | (13,910) | 1 | (13,909) | PDF p. 56 |
| to owners | |||||||||||||
| DividendsSingapore dollars thousands | — | — | — | — | — | — | — | — | — | — | (72) | (72) | PDF p. 56 |
| Total contributions by and distributions to ownersSingapore dollars thousands | — | — | — | — | — | — | — | — | — | — | (72) | (72) | PDF p. 56 |
| At 31 December 2025Singapore dollars thousands | 94,468 | (12,194) | 43,990 | 25 | 568 | 534 | (11,931) | 477 | (11,638) | 104,299 | 182 | 104,481 | PDF p. 56 |
Original report: PDF p. 56 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company / year ended December 31, 2024 / Share capital | 2024Company / year ended December 31, 2024 / Treasury shares | 2024Company / year ended December 31, 2024 / Accumulated profits | 2024Company / year ended December 31, 2024 / Capital reserve | 2024Company / year ended December 31, 2024 / Share-based compensation reserve | 2024Company / year ended December 31, 2024 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| At 1 January 2024Singapore dollars thousands | 94,468 | (12,194) | 39,561 | 422 | 265 | 122,522 | PDF p. 57 |
| Total comprehensive loss for the year Loss for the yearSingapore dollars thousands | — | — | (9,355) | — | — | (9,355) | PDF p. 57 |
| Total comprehensive loss for the yearSingapore dollars thousands | — | — | (9,355) | — | — | (9,355) | PDF p. 57 |
| Transactions with owners, | |||||||
| recognised directly in equity Contributions by and distributions to owners Share-based compensation reversalSingapore dollars thousands | — | — | — | — | (240) | (240) | PDF p. 57 |
| Total contributions by and distributions to ownersSingapore dollars thousands | — | — | — | — | (240) | (240) | PDF p. 57 |
| At 31 December 2024Singapore dollars thousands | 94,468 | (12,194) | 30,206 | 422 | 25 | 112,927 | PDF p. 57 |
Original report: PDF p. 57 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / year ended December 31, 2025 / Share capital | 2025Company / year ended December 31, 2025 / Treasury shares | 2025Company / year ended December 31, 2025 / Accumulated profits | 2025Company / year ended December 31, 2025 / Capital reserve | 2025Company / year ended December 31, 2025 / Share-based compensation reserve | 2025Company / year ended December 31, 2025 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Transactions with owners, | |||||||
| At 1 January 2025Singapore dollars thousands | 94,468 | (12,194) | 30,206 | 422 | 25 | 112,927 | PDF p. 57 |
| Total comprehensive loss for the year Loss for the yearSingapore dollars thousands | — | — | (3,926) | — | — | (3,926) | PDF p. 57 |
| Total comprehensive loss for the yearSingapore dollars thousands | — | — | (3,926) | — | — | (3,926) | PDF p. 57 |
| At 31 December 2025Singapore dollars thousands | 94,468 | (12,194) | 26,280 | 422 | 25 | 109,001 | PDF p. 57 |
Original report: PDF p. 57 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|---|---|
| Original financial highlights | ||||
| RevenueSingapore dollars millions | 38.9 | 27.6 | 55.7 | PDF p. 13 |
| Gross ProfitSingapore dollars millions | 22.4 | 11.5 | 37.3 | PDF p. 13 |
| Gross Profit MarginPercent | 57.7 | 41.7 | 66.9 | PDF p. 13 |
| (Loss)/Profit Before Income Tax from OperationsSingapore dollars millions | (11.9) | (20.8) | 2.7 | PDF p. 13 |
Original report: PDF p. 13 ↗
Source rounded figures; income statement and NAV denominator bases remain distinct. Printed NAV numerically reconciles to total net assets including NCI at the eligible-share base; a formal original NAV definition is not printed. Cash aggregate includes investments and fixed deposits, and is not cash-flow cash.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|---|---|
| Original financial highlights | ||||
| Net (Loss)/ProfitSingapore dollars millions | (12.6) | (18.9) | 3.6 | PDF p. 14 |
| (Loss)/Earnings Per ShareSingapore cents per share | (4.93) | (7.37) | 1.38 | PDF p. 14 |
| NAV Per ShareSingapore cents per share | 40.76 | 46.22 | 52.93 | PDF p. 14 |
| Cash and Cash Equivalents, Short-Term Investments and Fixed DepositsSingapore dollars millions | 61.0 | 67.2 | 82.5 | PDF p. 14 |
Original report: PDF p. 14 ↗
Source rounded figures; income statement and NAV denominator bases remain distinct. Printed NAV numerically reconciles to total net assets including NCI at the eligible-share base; a formal original NAV definition is not printed. Cash aggregate includes investments and fixed deposits, and is not cash-flow cash.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| EPS loss numerator | |||
| Loss for the fi nancial year attributable to owners of the CompanySingapore dollars thousands | (12,640) | (18,883) | PDF p. 87 |
Original report: PDF p. 87 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| Selected original disclosure | |||
| Weighted-average number of ordinary shares for basic earnings perShares thousands | 256,308 | 256,308 | PDF p. 87 |
| Effects of dilutionShares thousands | 31 | 31 | PDF p. 87 |
| Weighted-average number of ordinary shares for diluted earnings perShares thousands | 256,339 | 256,339 | PDF p. 87 |
Original report: PDF p. 87 ↗
Amounts under original ‘000 share headings, not whole shares or monetary amounts. The source prints both basic and diluted loss per share at(4.93)/(7.37) despite31thousand potential shares; original rates retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Associate full entity; carrying amount rows Group / year ended December 31, 2025 | 2024Associate full entity; carrying amount rows Group / year ended December 31, 2024 | Source |
|---|---|---|---|
| Associate original financial information | |||
| Revenue for the fi nancial yearSingapore dollars thousands | 8,778 | 10,972 | PDF p. 88 |
| Net profi t for the fi nancial yearSingapore dollars thousands | 2,195 | 4,053 | PDF p. 88 |
| Other comprehensive income for the fi nancial yearSingapore dollars thousands | 488 | 610 | PDF p. 88 |
| Total comprehensive income attributable to associate’s shareholdersSingapore dollars thousands | 2,683 | 4,663 | PDF p. 88 |
| Non-current assetsSingapore dollars thousands | 2,241 | 1,808 | PDF p. 88 |
| Current assetsSingapore dollars thousands | 11,134 | 11,430 | PDF p. 88 |
| Non-current liabilitiesSingapore dollars thousands | (2,007) | (1,787) | PDF p. 88 |
| Current liabilitiesSingapore dollars thousands | (1,136) | (2,342) | PDF p. 88 |
| Net assetsSingapore dollars thousands | 10,232 | 9,109 | PDF p. 88 |
| Carrying amount of interest in associate at beginning of the yearSingapore dollars thousands | 3,644 | 2,218 | PDF p. 88 |
| Group’s share of: - profi t for the yearSingapore dollars thousands | 878 | 1,621 | PDF p. 88 |
| Other comprehensive incomeSingapore dollars thousands | 195 | 245 | PDF p. 88 |
| Dividend received during the yearSingapore dollars thousands | (612) | (440) | PDF p. 88 |
| Carrying amount of interest in associate at end of the yearSingapore dollars thousands | 4,105 | 3,644 | PDF p. 88 |
Original report: PDF p. 88 ↗
Full associate financial information, not the39.61% Group share. Group profit share is878/1621, which follows40% direct holding inside the99.03%-owned Stemlife subgroup; do not apply39.61% again to these amounts.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2025Company / year ended December 31, 2025 | 2024Company / year ended December 31, 2024 | Source |
|---|---|---|---|---|---|
| Fixed deposits | |||||
| Non-current Unpledged fi xed depositsSingapore dollars thousands | 9,329 | 6,343 | — | — | PDF p. 97 |
| Current Unpledged fi xed depositsSingapore dollars thousands | 34,678 | 43,122 | 6,450 | 3,988 | PDF p. 97 |
| Pledged fi xed depositsSingapore dollars thousands | 376 | 272 | — | — | PDF p. 97 |
Original report: PDF p. 97 ↗
Bank guarantees collateralise the pledged deposits; fixed deposits are excluded from cash-flow cash under Note20.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2025Company / year ended December 31, 2025 | 2024Company / year ended December 31, 2024 | Source |
|---|---|---|---|---|---|
| Cash and cash equivalents | |||||
| Cash at bank and on handSingapore dollars thousands | 15,196 | 11,497 | 4,767 | 1,571 | PDF p. 98 |
Original report: PDF p. 98 ↗
Only cash at bank and on hand is classified as cash and cash equivalents for the consolidated cash flow statement.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / year ended December 31, 2025 | 2024Group / year ended December 31, 2024 | 2025Company / year ended December 31, 2025 | 2024Company / year ended December 31, 2024 | Source |
|---|---|---|---|---|---|
| Other reserves | |||||
| Share-based compensation reserveSingapore dollars thousands | 25 | 25 | 25 | 25 | PDF p. 101 |
| Capital reserveSingapore dollars thousands | 568 | 568 | 422 | 422 | PDF p. 101 |
| Merger reserveSingapore dollars thousands | 534 | 534 | — | — | PDF p. 101 |
| Acquisition reserveSingapore dollars thousands | (11,931) | (11,931) | — | — | PDF p. 101 |
| Revaluation reserveSingapore dollars thousands | 477 | 477 | — | — | PDF p. 101 |
| Foreign currency translation reserveSingapore dollars thousands | (11,638) | (10,368) | — | — | PDF p. 101 |
| SubtotalSingapore dollars thousands | (21,965) | (20,695) | 447 | 447 | PDF p. 101 |
Original report: PDF p. 101 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Company / year ended December 31, 2025 | 2024Company / year ended December 31, 2024 | Source |
|---|---|---|---|
| Investment in subsidiaries | |||
| Unquoted equity shares, at costSingapore dollars thousands | 92,083 | 92,083 | PDF p. 105 |
| Less: Impairment lossSingapore dollars thousands | (35,378) | (35,378) | PDF p. 105 |
| SubtotalSingapore dollars thousands | 56,705 | 56,705 | PDF p. 105 |
Original report: PDF p. 105 ↗
Cost and impairment of parent investments; these balances eliminate on consolidation and do not represent Group consolidated assets.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group segment / Banking | 2025Group segment / Diagnostics | 2025Group segment / Total | Source |
|---|---|---|---|---|
| Year ended 31 December 2025 | ||||
| Revenue from external customersSingapore dollars thousands | 34,586 | 4,265 | 38,851 | PDF p. 117 |
Original report: PDF p. 117 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group segment / Banking | 2024Group segment / Diagnostics | 2024Group segment / Total | Source |
|---|---|---|---|---|
| Year ended 31 December 2024 | ||||
| Revenue from external customersSingapore dollars thousands | 23,741 | 3,905 | 27,646 | PDF p. 117 |
Original report: PDF p. 117 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group segment / Banking | 2025Group segment / Diagnostics | 2025Group segment / Total | Source |
|---|---|---|---|---|
| Year ended 31 December 2025 | ||||
| Finance incomeSingapore dollars thousands | 2,718 | — | 2,718 | PDF p. 117 |
| Finance costsSingapore dollars thousands | (152) | — | (152) | PDF p. 117 |
| Depreciation and amortisationSingapore dollars thousands | (4,084) | (278) | (4,362) | PDF p. 117 |
| Segment (loss)/profi tSingapore dollars thousands | (12,058) | 145 | (11,913) | PDF p. 117 |
Original report: PDF p. 117 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / total | Source |
|---|---|---|
| Year ended 31 December 2025 | ||
| Fair value gain on investment propertiesSingapore dollars thousands | 36 | PDF p. 117 |
| Share of profi t of associate, net of taxSingapore dollars thousands | 878 | PDF p. 117 |
| Loss before income taxSingapore dollars thousands | (10,999) | PDF p. 117 |
| Tax expenseSingapore dollars thousands | (1,638) | PDF p. 117 |
| Loss for the yearSingapore dollars thousands | (12,637) | PDF p. 117 |
Original report: PDF p. 117 ↗
Original2024 row caption says Profit before income tax while the number is negative(18,980); the original label/sign are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group segment / Banking | 2024Group segment / Diagnostics | 2024Group segment / Total | Source |
|---|---|---|---|---|
| Year ended 31 December 2024 | ||||
| Finance incomeSingapore dollars thousands | 3,436 | — | 3,436 | PDF p. 117 |
| Finance costsSingapore dollars thousands | (196) | — | (196) | PDF p. 117 |
| Depreciation and amortisationSingapore dollars thousands | (4,113) | (95) | (4,208) | PDF p. 117 |
| Segment (loss)/profi tSingapore dollars thousands | (21,074) | 312 | (20,762) | PDF p. 117 |
Original report: PDF p. 117 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / total | Source |
|---|---|---|
| Year ended 31 December 2024 | ||
| Fair value gain on investment propertiesSingapore dollars thousands | 161 | PDF p. 117 |
| Share of profi t of associate, net of taxSingapore dollars thousands | 1,621 | PDF p. 117 |
| Profi t before income taxSingapore dollars thousands | (18,980) | PDF p. 117 |
| Tax creditSingapore dollars thousands | 104 | PDF p. 117 |
| Loss for the yearSingapore dollars thousands | (18,876) | PDF p. 117 |
Original report: PDF p. 117 ↗
Original2024 row caption says Profit before income tax while the number is negative(18,980); the original label/sign are retained.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / Revenue | 2024Group / Revenue | 2025Group / Non-current assets | 2024Group / Non-current assets | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| SingaporeSingapore dollars thousands | 9,189 | (2,007) | 8,691 | 9,571 | PDF p. 119 |
| Hong KongSingapore dollars thousands | 9,853 | 9,627 | 20,703 | 23,040 | PDF p. 119 |
| IndiaSingapore dollars thousands | 5,457 | 5,533 | 13,017 | 10,530 | PDF p. 119 |
| MalaysiaSingapore dollars thousands | 3,812 | 3,175 | 15,867 | 15,677 | PDF p. 119 |
| PhilippinesSingapore dollars thousands | 6,136 | 6,450 | 1,081 | 748 | PDF p. 119 |
| OthersSingapore dollars thousands | 4,404 | 4,868 | 1,822 | 2,291 | PDF p. 119 |
| SubtotalSingapore dollars thousands | 38,851 | 27,646 | 61,181 | 61,857 | PDF p. 119 |
Original report: PDF p. 119 ↗
Geographical non-current assets exclude financial instruments apart from equity-accounted investees/fixed deposits, and exclude deferred tax assets. Singapore FY2024 revenue is negative after reversals.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|
| Group profit or loss and comprehensive income | ||
| RevenueSingapore dollars thousands | 55,730 | PDF p. 53 |
| Cost of salesSingapore dollars thousands | (18,425) | PDF p. 53 |
| Gross profi tSingapore dollars thousands | 37,305 | PDF p. 53 |
| Other operating incomeSingapore dollars thousands | 586 | PDF p. 53 |
| Selling and marketing expensesSingapore dollars thousands | (19,332) | PDF p. 53 |
| Administrative expensesSingapore dollars thousands | (18,968) | PDF p. 53 |
| Finance incomeSingapore dollars thousands | 3,420 | PDF p. 53 |
| Finance costsSingapore dollars thousands | (268) | PDF p. 53 |
| (Loss)/profi t before income tax from operationsSingapore dollars thousands | 2,743 | PDF p. 53 |
| Fair value gain on investment propertiesSingapore dollars thousands | 252 | PDF p. 53 |
| Share of profi t of associate, net of taxSingapore dollars thousands | 1,263 | PDF p. 53 |
| (Loss)/profi t before income taxSingapore dollars thousands | 4,258 | PDF p. 53 |
| Tax credit/(expense)Singapore dollars thousands | (692) | PDF p. 53 |
| (Loss)/profi t for the yearSingapore dollars thousands | 3,566 | PDF p. 53 |
| Item that may be reclassifi ed subsequently to profi t or loss | ||
| Foreign currency translationSingapore dollars thousands | (2,491) | PDF p. 53 |
| Other comprehensive income/(loss) for the yearSingapore dollars thousands | (2,491) | PDF p. 53 |
| Total comprehensive (loss)/income for the yearSingapore dollars thousands | 1,075 | PDF p. 53 |
| (Loss)/profi t for the year attributable to: Owners of the CompanySingapore dollars thousands | 3,523 | PDF p. 53 |
| Non-controlling interestsSingapore dollars thousands | 43 | PDF p. 53 |
| SubtotalSingapore dollars thousands | 3,566 | PDF p. 53 |
| Total comprehensive (loss)/income for the year attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 1,024 | PDF p. 53 |
| Non-controlling interestsSingapore dollars thousands | 51 | PDF p. 53 |
| SubtotalSingapore dollars thousands | 1,075 | PDF p. 53 |
| (Loss)/Earnings per share (cents per share): | ||
| BasicSingapore cents per share | 1.38 | PDF p. 53 |
| DilutedSingapore cents per share | 1.37 | PDF p. 53 |
Original report: PDF p. 53 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|
| Cash fl ows from operating activities | ||
| (Loss)/profi t before income taxSingapore dollars thousands | 4,258 | PDF p. 59 |
| Adjustments for: | ||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 3,217 | PDF p. 59 |
| Amortisation of intangible assetsSingapore dollars thousands | 813 | PDF p. 59 |
| Impairment loss on trade receivables, netSingapore dollars thousands | 294 | PDF p. 59 |
| Bad debts written off , netSingapore dollars thousands | – | PDF p. 59 |
| Loss on disposal of property, plant and equipmentSingapore dollars thousands | 5 | PDF p. 59 |
| Interest incomeSingapore dollars thousands | (3,420) | PDF p. 59 |
| Interest expenseSingapore dollars thousands | 268 | PDF p. 59 |
| Share-based compensation (reversal)/expenseSingapore dollars thousands | 248 | PDF p. 59 |
| Fair value gain on investment propertiesSingapore dollars thousands | (252) | PDF p. 59 |
| Investment gainSingapore dollars thousands | (36) | PDF p. 59 |
| Loss on fi nancial asset at fair value through profi t or lossSingapore dollars thousands | 30 | PDF p. 59 |
| Share of profi t of associateSingapore dollars thousands | (1,263) | PDF p. 59 |
| Unrealised exchange lossSingapore dollars thousands | 107 | PDF p. 59 |
| SubtotalSingapore dollars thousands | 4,269 | PDF p. 59 |
| Changes in: | ||
| Trade receivablesSingapore dollars thousands | 2,240 | PDF p. 59 |
| Contract assetsSingapore dollars thousands | 850 | PDF p. 59 |
| Other receivables and prepaymentsSingapore dollars thousands | (65) | PDF p. 59 |
| InventoriesSingapore dollars thousands | 565 | PDF p. 59 |
| Trade and other payablesSingapore dollars thousands | 3,839 | PDF p. 59 |
| Contract liabilitiesSingapore dollars thousands | (4,015) | PDF p. 59 |
| Cash (used in)/generated from operationsSingapore dollars thousands | 7,683 | PDF p. 59 |
| Interest receivedSingapore dollars thousands | 3,167 | PDF p. 59 |
| Income tax paidSingapore dollars thousands | (1,054) | PDF p. 59 |
| Net cash (used in)/from operating activitiesSingapore dollars thousands | 9,796 | PDF p. 59 |
| Cash fl ows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars thousands | (2,273) | PDF p. 60 |
| Purchase of intangible assetsSingapore dollars thousands | (558) | PDF p. 60 |
| Proceeds from disposal of fi xed assetsSingapore dollars thousands | 7 | PDF p. 60 |
| Dividend received from associateSingapore dollars thousands | 466 | PDF p. 60 |
| Transfer to fi xed deposits, netSingapore dollars thousands | (273) | PDF p. 60 |
| Net cash used in investing activitiesSingapore dollars thousands | (2,631) | PDF p. 60 |
| Cash fl ows from fi nancing activities | ||
| Transfer to pledged fi xed depositsSingapore dollars thousands | — | PDF p. 60 |
| Payment of lease liabilitiesSingapore dollars thousands | (1,592) | PDF p. 60 |
| Interest paidSingapore dollars thousands | (268) | PDF p. 60 |
| Dividends paidSingapore dollars thousands | — | PDF p. 60 |
| Cash fl ows generated from/(used in) fi nancing activitiesSingapore dollars thousands | (1,860) | PDF p. 60 |
| Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands | 5,305 | PDF p. 60 |
| Cash and cash equivalents at beginning of the yearSingapore dollars thousands | 13,381 | PDF p. 60 |
| Eff ects of exchange rate changes on the balance of cash and cash equivalentsSingapore dollars thousands | (263) | PDF p. 60 |
| Cash and cash equivalents at end of the yearSingapore dollars thousands | 18,423 | PDF p. 60 |
Original report: PDF p. 59 ↗ PDF p. 60 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended December 31, 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 16,271 | PDF p. 54 |
| Investment propertiesSingapore dollars thousands | 4,736 | PDF p. 54 |
| Intangible assetsSingapore dollars thousands | 29,308 | PDF p. 54 |
| Deferred tax assetsSingapore dollars thousands | 858 | PDF p. 54 |
| Investment in subsidiariesSingapore dollars thousands | — | PDF p. 54 |
| Investment in associateSingapore dollars thousands | 2,218 | PDF p. 54 |
| Contract assetsSingapore dollars thousands | 62,556 | PDF p. 54 |
| Other receivablesSingapore dollars thousands | 10 | PDF p. 54 |
| Fixed depositsSingapore dollars thousands | 8,671 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 124,628 | PDF p. 54 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 797 | PDF p. 54 |
| PrepaymentsSingapore dollars thousands | 2,215 | PDF p. 54 |
| Trade receivablesSingapore dollars thousands | 22,672 | PDF p. 54 |
| Other receivablesSingapore dollars thousands | 3,170 | PDF p. 54 |
| Tax recoverableSingapore dollars thousands | 1,105 | PDF p. 54 |
| Amounts owing by subsidiariesSingapore dollars thousands | — | PDF p. 54 |
| InvestmentsSingapore dollars thousands | 5,855 | PDF p. 54 |
| Fixed depositsSingapore dollars thousands | 40,731 | PDF p. 54 |
| Pledged fi xed depositsSingapore dollars thousands | 8,860 | PDF p. 54 |
| Cash and cash equivalentsSingapore dollars thousands | 18,423 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 103,828 | PDF p. 54 |
| Total assetsSingapore dollars thousands | 228,456 | PDF p. 54 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars thousands | 13,161 | PDF p. 55 |
| Amounts owing to subsidiariesSingapore dollars thousands | — | PDF p. 55 |
| Lease liabilitiesSingapore dollars thousands | 1,813 | PDF p. 55 |
| Contract liabilitiesSingapore dollars thousands | 8,852 | PDF p. 55 |
| Tax payableSingapore dollars thousands | 500 | PDF p. 55 |
| SubtotalSingapore dollars thousands | 24,326 | PDF p. 55 |
| Net current assetsSingapore dollars thousands | 79,502 | PDF p. 55 |
| Non-current liabilities | ||
| Other payablesSingapore dollars thousands | 1,005 | PDF p. 55 |
| Amounts owing to subsidiariesSingapore dollars thousands | — | PDF p. 55 |
| Lease liabilitiesSingapore dollars thousands | 1,692 | PDF p. 55 |
| Contract liabilitiesSingapore dollars thousands | 62,052 | PDF p. 55 |
| Deferred tax liabilitiesSingapore dollars thousands | 3,730 | PDF p. 55 |
| SubtotalSingapore dollars thousands | 68,479 | PDF p. 55 |
| Total liabilitiesSingapore dollars thousands | 92,805 | PDF p. 55 |
| Net assetsSingapore dollars thousands | 135,651 | PDF p. 55 |
| Company | ||
| Share capitalSingapore dollars thousands | 94,468 | PDF p. 55 |
| Treasury sharesSingapore dollars thousands | (12,194) | PDF p. 55 |
| Accumulated profi tsSingapore dollars thousands | 75,513 | PDF p. 55 |
| Other reservesSingapore dollars thousands | (22,453) | PDF p. 55 |
| SubtotalSingapore dollars thousands | 135,334 | PDF p. 55 |
| Non-controlling interestsSingapore dollars thousands | 317 | PDF p. 55 |
| Total equitySingapore dollars thousands | 135,651 | PDF p. 55 |
| Total equity and liabilitiesSingapore dollars thousands | 228,456 | PDF p. 55 |
Original report: PDF p. 54 ↗ PDF p. 55 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / year ended December 31, 2023 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 6,112 | PDF p. 54 |
| Investment propertiesSingapore dollars thousands | 2,433 | PDF p. 54 |
| Intangible assetsSingapore dollars thousands | 995 | PDF p. 54 |
| Deferred tax assetsSingapore dollars thousands | 415 | PDF p. 54 |
| Investment in subsidiariesSingapore dollars thousands | 56,841 | PDF p. 54 |
| Investment in associateSingapore dollars thousands | — | PDF p. 54 |
| Contract assetsSingapore dollars thousands | 38,788 | PDF p. 54 |
| Other receivablesSingapore dollars thousands | — | PDF p. 54 |
| Fixed depositsSingapore dollars thousands | — | PDF p. 54 |
| SubtotalSingapore dollars thousands | 105,584 | PDF p. 54 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 207 | PDF p. 54 |
| PrepaymentsSingapore dollars thousands | 879 | PDF p. 54 |
| Trade receivablesSingapore dollars thousands | 10,215 | PDF p. 54 |
| Other receivablesSingapore dollars thousands | 751 | PDF p. 54 |
| Tax recoverableSingapore dollars thousands | — | PDF p. 54 |
| Amounts owing by subsidiariesSingapore dollars thousands | 25,349 | PDF p. 54 |
| InvestmentsSingapore dollars thousands | 4,627 | PDF p. 54 |
| Fixed depositsSingapore dollars thousands | 6,111 | PDF p. 54 |
| Pledged fi xed depositsSingapore dollars thousands | — | PDF p. 54 |
| Cash and cash equivalentsSingapore dollars thousands | 7,127 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 55,266 | PDF p. 54 |
| Total assetsSingapore dollars thousands | 160,850 | PDF p. 54 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars thousands | 5,930 | PDF p. 55 |
| Amounts owing to subsidiariesSingapore dollars thousands | 3,036 | PDF p. 55 |
| Lease liabilitiesSingapore dollars thousands | 411 | PDF p. 55 |
| Contract liabilitiesSingapore dollars thousands | 3,691 | PDF p. 55 |
| Tax payableSingapore dollars thousands | — | PDF p. 55 |
| SubtotalSingapore dollars thousands | 13,068 | PDF p. 55 |
| Net current assetsSingapore dollars thousands | 42,198 | PDF p. 55 |
| Non-current liabilities | ||
| Other payablesSingapore dollars thousands | — | PDF p. 55 |
| Amounts owing to subsidiariesSingapore dollars thousands | 12,846 | PDF p. 55 |
| Lease liabilitiesSingapore dollars thousands | 386 | PDF p. 55 |
| Contract liabilitiesSingapore dollars thousands | 12,013 | PDF p. 55 |
| Deferred tax liabilitiesSingapore dollars thousands | 15 | PDF p. 55 |
| SubtotalSingapore dollars thousands | 25,260 | PDF p. 55 |
| Total liabilitiesSingapore dollars thousands | 38,328 | PDF p. 55 |
| Net assetsSingapore dollars thousands | 122,522 | PDF p. 55 |
| Company | ||
| Share capitalSingapore dollars thousands | 94,468 | PDF p. 55 |
| Treasury sharesSingapore dollars thousands | (12,194) | PDF p. 55 |
| Accumulated profi tsSingapore dollars thousands | 39,561 | PDF p. 55 |
| Other reservesSingapore dollars thousands | 687 | PDF p. 55 |
| SubtotalSingapore dollars thousands | 122,522 | PDF p. 55 |
| Non-controlling interestsSingapore dollars thousands | — | PDF p. 55 |
| Total equitySingapore dollars thousands | 122,522 | PDF p. 55 |
| Total equity and liabilitiesSingapore dollars thousands | 160,850 | PDF p. 55 |
Original report: PDF p. 54 ↗ PDF p. 55 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended December 31, 2023 / Share capital | 2023Group / year ended December 31, 2023 / Treasury shares | 2023Group / year ended December 31, 2023 / Accumulated profits | 2023Group / year ended December 31, 2023 / Share-based compensation reserve | 2023Group / year ended December 31, 2023 / Capital reserve | 2023Group / year ended December 31, 2023 / Merger reserve | 2023Group / year ended December 31, 2023 / Acquisition reserve | 2023Group / year ended December 31, 2023 / Revaluation reserve | 2023Group / year ended December 31, 2023 / Foreign currency translation reserve | 2023Group / year ended December 31, 2023 / Equity attributable to owners of the Company | 2023Group / year ended December 31, 2023 / Non-controlling interests | 2023Group / year ended December 31, 2023 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||||||
| At 1 January 2023Singapore dollars thousands | 94,686 | (12,554) | 71,990 | 159 | 568 | 534 | (11,931) | 477 | (9,867) | 134,062 | 266 | 134,328 | PDF p. 56 |
| Total comprehensive income for the year Profi t for the yearSingapore dollars thousands | — | — | 3,523 | — | — | — | — | — | — | 3,523 | 43 | 3,566 | PDF p. 56 |
| Other comprehensive income/(loss) | |||||||||||||
| Foreign currency translationSingapore dollars thousands | — | — | — | — | — | — | — | — | (2,499) | (2,499) | 8 | (2,491) | PDF p. 56 |
| Total comprehensive income/(loss) for the yearSingapore dollars thousands | — | — | 3,523 | — | — | — | — | — | (2,499) | 1,024 | 51 | 1,075 | PDF p. 56 |
| to owners | |||||||||||||
| Share-based compensation expenseSingapore dollars thousands | — | — | — | 248 | — | — | — | — | — | 248 | — | 248 | PDF p. 56 |
| Reissuance of treasury shares pursuant to equity compensation planSingapore dollars thousands | (218) | 360 | — | (142) | — | — | — | — | — | — | — | — | PDF p. 56 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (218) | 360 | — | 106 | — | — | — | — | — | 248 | — | 248 | PDF p. 56 |
| At 31 December 2023Singapore dollars thousands | 94,468 | (12,194) | 75,513 | 265 | 568 | 534 | (11,931) | 477 | (12,366) | 135,334 | 317 | 135,651 | PDF p. 56 |
Original report: PDF p. 56 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / year ended December 31, 2023 / Share capital | 2023Company / year ended December 31, 2023 / Treasury shares | 2023Company / year ended December 31, 2023 / Accumulated profits | 2023Company / year ended December 31, 2023 / Capital reserve | 2023Company / year ended December 31, 2023 / Share-based compensation reserve | 2023Company / year ended December 31, 2023 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| At 1 January 2023Singapore dollars thousands | 94,686 | (12,554) | 38,486 | 422 | 159 | 121,199 | PDF p. 58 |
| Total comprehensive income for the year Profi t for the yearSingapore dollars thousands | — | — | 1,075 | — | — | 1,075 | PDF p. 58 |
| Total comprehensive income for the yearSingapore dollars thousands | — | — | 1,075 | — | — | 1,075 | PDF p. 58 |
| Transactions with owners, | |||||||
| recognised directly in equity Contributions by and distributions to owners Share-based compensation expenseSingapore dollars thousands | — | — | — | — | 248 | 248 | PDF p. 58 |
| Reissuance of treasury shares pursuant to equity compensation planSingapore dollars thousands | (218) | 360 | — | — | (142) | — | PDF p. 58 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (218) | 360 | — | — | 106 | 248 | PDF p. 58 |
| At 31 December 2023Singapore dollars thousands | 94,468 | (12,194) | 39,561 | 422 | 265 | 122,522 | PDF p. 58 |
Original report: PDF p. 58 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended December 31, 2022 | Source |
|---|---|---|
| Group profit or loss and comprehensive income | ||
| RevenueSingapore dollars thousands | 55,156 | PDF p. 50 |
| Cost of salesSingapore dollars thousands | (17,967) | PDF p. 50 |
| Gross profi tSingapore dollars thousands | 37,189 | PDF p. 50 |
| Other operating incomeSingapore dollars thousands | 816 | PDF p. 50 |
| Selling and marketing expensesSingapore dollars thousands | (18,040) | PDF p. 50 |
| Administrative expensesSingapore dollars thousands | (18,252) | PDF p. 50 |
| Finance incomeSingapore dollars thousands | 2,687 | PDF p. 50 |
| Finance costsSingapore dollars thousands | (152) | PDF p. 50 |
| Profi t before income tax from operationsSingapore dollars thousands | 4,248 | PDF p. 50 |
| Fair value gain on investment propertiesSingapore dollars thousands | 537 | PDF p. 50 |
| Share of profi t of associate, net of taxSingapore dollars thousands | 718 | PDF p. 50 |
| Profi t before income taxSingapore dollars thousands | 5,503 | PDF p. 50 |
| Tax expenseSingapore dollars thousands | (617) | PDF p. 50 |
| Profi t for the yearSingapore dollars thousands | 4,886 | PDF p. 50 |
| Other comprehensive income: | ||
| Item that will not be reclassifi ed to profi t or loss Revaluation gain on investment propertiesSingapore dollars thousands | 482 | PDF p. 50 |
| Item that may be reclassifi ed subsequently to profi t or loss | ||
| Foreign currency translationSingapore dollars thousands | (5,312) | PDF p. 50 |
| Other comprehensive income for the yearSingapore dollars thousands | (4,830) | PDF p. 50 |
| Total comprehensive income for the yearSingapore dollars thousands | 56 | PDF p. 50 |
| Profi t/(loss) for the year attributable to: Owners of the CompanySingapore dollars thousands | 4,887 | PDF p. 50 |
| Non-controlling interestsSingapore dollars thousands | (1) | PDF p. 50 |
| SubtotalSingapore dollars thousands | 4,886 | PDF p. 50 |
| Total comprehensive income for the year attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 50 | PDF p. 50 |
| Non-controlling interestsSingapore dollars thousands | 6 | PDF p. 50 |
| SubtotalSingapore dollars thousands | 56 | PDF p. 50 |
| Earnings per share (cents per share): | ||
| BasicSingapore cents per share | 1.91 | PDF p. 50 |
| DilutedSingapore cents per share | 1.91 | PDF p. 50 |
Original report: PDF p. 50 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended December 31, 2022 | Source |
|---|---|---|
| Group cash flows | ||
| Cash fl ows from operating activities Profi t before income taxSingapore dollars thousands | 5,503 | PDF p. 56 |
| Adjustments for: | ||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 2,784 | PDF p. 56 |
| Amortisation of intangible assetsSingapore dollars thousands | 899 | PDF p. 56 |
| Impairment loss on trade and bad debt written off, netSingapore dollars thousands | 931 | PDF p. 56 |
| Loss/(gain) on disposal of property, plant and equipment and investment properties, netSingapore dollars thousands | (498) | PDF p. 56 |
| Interest incomeSingapore dollars thousands | (2,687) | PDF p. 56 |
| Interest expenseSingapore dollars thousands | 152 | PDF p. 56 |
| Share-based compensation expense/(reversal)Singapore dollars thousands | (113) | PDF p. 56 |
| Fair value gain on investment propertiesSingapore dollars thousands | (537) | PDF p. 56 |
| Investment (gain)/lossSingapore dollars thousands | 299 | PDF p. 56 |
| Loss/(gain) on fi nancial asset at fair value through profi t or lossSingapore dollars thousands | (28) | PDF p. 56 |
| Share of profi t of associateSingapore dollars thousands | (718) | PDF p. 56 |
| Unrealised exchange lossSingapore dollars thousands | 81 | PDF p. 56 |
| SubtotalSingapore dollars thousands | 6,068 | PDF p. 56 |
| Changes in: | ||
| Trade receivablesSingapore dollars thousands | (3,443) | PDF p. 56 |
| Contract assetsSingapore dollars thousands | 1,797 | PDF p. 56 |
| Other receivables and prepaymentsSingapore dollars thousands | (805) | PDF p. 56 |
| InventoriesSingapore dollars thousands | 66 | PDF p. 56 |
| Trade and other payablesSingapore dollars thousands | (1,072) | PDF p. 56 |
| Contract liabilitiesSingapore dollars thousands | 3,811 | PDF p. 56 |
| Cash generated from operationsSingapore dollars thousands | 6,422 | PDF p. 56 |
| Interest receivedSingapore dollars thousands | 2,513 | PDF p. 56 |
| Income tax paidSingapore dollars thousands | (1,220) | PDF p. 56 |
| Net cash from operating activitiesSingapore dollars thousands | 7,715 | PDF p. 56 |
| Group cash flows | ||
| Cash fl ows from investing activities Purchase of property, plant and equipmentSingapore dollars thousands | (1,758) | PDF p. 57 |
| Purchase of intangible assetsSingapore dollars thousands | (638) | PDF p. 57 |
| Proceeds from sale of investment propertiesSingapore dollars thousands | 2,841 | PDF p. 57 |
| Proceeds from disposal of fi xed assetsSingapore dollars thousands | 1,533 | PDF p. 57 |
| Dividend received from associateSingapore dollars thousands | 160 | PDF p. 57 |
| Redemption of short-term investmentsSingapore dollars thousands | 13,099 | PDF p. 57 |
| Transfer to fi xed deposits, netSingapore dollars thousands | (10,806) | PDF p. 57 |
| Net cash (used in)/from investing activitiesSingapore dollars thousands | 4,431 | PDF p. 57 |
| Cash fl ows from fi nancing activities Transfer to pledged fi xed depositsSingapore dollars thousands | (9,371) | PDF p. 57 |
| Payment of lease liabilitiesSingapore dollars thousands | (1,619) | PDF p. 57 |
| Interest paidSingapore dollars thousands | (152) | PDF p. 57 |
| Dividends paidSingapore dollars thousands | (2,304) | PDF p. 57 |
| Cash fl ows used in fi nancing activitiesSingapore dollars thousands | (13,446) | PDF p. 57 |
| Net increase/(decrease) in cash and cash equivalentsSingapore dollars thousands | (1,300) | PDF p. 57 |
| Cash and cash equivalents at beginning of the yearSingapore dollars thousands | 15,458 | PDF p. 57 |
| Effects of exchange rate changes on the balance of cash and cash equivalentsSingapore dollars thousands | (777) | PDF p. 57 |
| Cash and cash equivalents at end of the yearSingapore dollars thousands | 13,381 | PDF p. 57 |
Original report: PDF p. 56 ↗ PDF p. 57 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended December 31, 2022 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 14,424 | PDF p. 51 |
| Investment propertiesSingapore dollars thousands | 4,618 | PDF p. 51 |
| Intangible assetsSingapore dollars thousands | 30,446 | PDF p. 51 |
| Deferred tax assetsSingapore dollars thousands | 890 | PDF p. 51 |
| Investment in subsidiariesSingapore dollars thousands | — | PDF p. 51 |
| Investment in associateSingapore dollars thousands | 1,513 | PDF p. 51 |
| Contract assetsSingapore dollars thousands | 63,597 | PDF p. 51 |
| Other receivablesSingapore dollars thousands | — | PDF p. 51 |
| Fixed depositsSingapore dollars thousands | 4,746 | PDF p. 51 |
| SubtotalSingapore dollars thousands | 120,234 | PDF p. 51 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 1,362 | PDF p. 51 |
| PrepaymentsSingapore dollars thousands | 2,312 | PDF p. 51 |
| Trade receivablesSingapore dollars thousands | 25,475 | PDF p. 51 |
| Other receivablesSingapore dollars thousands | 2,939 | PDF p. 51 |
| Tax recoverableSingapore dollars thousands | 1,124 | PDF p. 51 |
| Amounts owing by subsidiariesSingapore dollars thousands | — | PDF p. 51 |
| InvestmentsSingapore dollars thousands | 5,819 | PDF p. 51 |
| Fixed depositsSingapore dollars thousands | 45,970 | PDF p. 51 |
| Pledged fi xed depositsSingapore dollars thousands | 9,379 | PDF p. 51 |
| Cash and cash equivalentsSingapore dollars thousands | 13,381 | PDF p. 51 |
| SubtotalSingapore dollars thousands | 107,761 | PDF p. 51 |
| Total assetsSingapore dollars thousands | 227,995 | PDF p. 51 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars thousands | 9,955 | PDF p. 52 |
| Amounts owing to subsidiariesSingapore dollars thousands | — | PDF p. 52 |
| Lease liabilitiesSingapore dollars thousands | 1,199 | PDF p. 52 |
| Contract liabilitiesSingapore dollars thousands | 9,035 | PDF p. 52 |
| Tax payableSingapore dollars thousands | 699 | PDF p. 52 |
| SubtotalSingapore dollars thousands | 20,888 | PDF p. 52 |
| Net current assetsSingapore dollars thousands | 86,873 | PDF p. 52 |
| Non-current liabilities | ||
| Other payablesSingapore dollars thousands | 522 | PDF p. 52 |
| Amounts owing to subsidiariesSingapore dollars thousands | — | PDF p. 52 |
| Lease liabilitiesSingapore dollars thousands | 1,018 | PDF p. 52 |
| Contract liabilitiesSingapore dollars thousands | 67,280 | PDF p. 52 |
| Deferred tax liabilitiesSingapore dollars thousands | 3,959 | PDF p. 52 |
| SubtotalSingapore dollars thousands | 72,779 | PDF p. 52 |
| Total liabilitiesSingapore dollars thousands | 93,667 | PDF p. 52 |
| Net assetsSingapore dollars thousands | 134,328 | PDF p. 52 |
| Company | ||
| Share capitalSingapore dollars thousands | 94,686 | PDF p. 52 |
| Treasury sharesSingapore dollars thousands | (12,554) | PDF p. 52 |
| Accumulated profi tsSingapore dollars thousands | 71,990 | PDF p. 52 |
| Other reservesSingapore dollars thousands | (20,060) | PDF p. 52 |
| SubtotalSingapore dollars thousands | 134,062 | PDF p. 52 |
| Non-controlling interestsSingapore dollars thousands | 266 | PDF p. 52 |
| Total equitySingapore dollars thousands | 134,328 | PDF p. 52 |
| Total equity and liabilitiesSingapore dollars thousands | 227,995 | PDF p. 52 |
Original report: PDF p. 51 ↗ PDF p. 52 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / year ended December 31, 2022 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 5,687 | PDF p. 51 |
| Investment propertiesSingapore dollars thousands | 2,269 | PDF p. 51 |
| Intangible assetsSingapore dollars thousands | 742 | PDF p. 51 |
| Deferred tax assetsSingapore dollars thousands | 415 | PDF p. 51 |
| Investment in subsidiariesSingapore dollars thousands | 56,841 | PDF p. 51 |
| Investment in associateSingapore dollars thousands | — | PDF p. 51 |
| Contract assetsSingapore dollars thousands | 39,637 | PDF p. 51 |
| Other receivablesSingapore dollars thousands | — | PDF p. 51 |
| Fixed depositsSingapore dollars thousands | — | PDF p. 51 |
| SubtotalSingapore dollars thousands | 105,591 | PDF p. 51 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 280 | PDF p. 51 |
| PrepaymentsSingapore dollars thousands | 1,083 | PDF p. 51 |
| Trade receivablesSingapore dollars thousands | 11,197 | PDF p. 51 |
| Other receivablesSingapore dollars thousands | 689 | PDF p. 51 |
| Tax recoverableSingapore dollars thousands | — | PDF p. 51 |
| Amounts owing by subsidiariesSingapore dollars thousands | 24,358 | PDF p. 51 |
| InvestmentsSingapore dollars thousands | 4,562 | PDF p. 51 |
| Fixed depositsSingapore dollars thousands | 10,075 | PDF p. 51 |
| Pledged fi xed depositsSingapore dollars thousands | — | PDF p. 51 |
| Cash and cash equivalentsSingapore dollars thousands | 3,882 | PDF p. 51 |
| SubtotalSingapore dollars thousands | 56,126 | PDF p. 51 |
| Total assetsSingapore dollars thousands | 161,717 | PDF p. 51 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars thousands | 2,905 | PDF p. 52 |
| Amounts owing to subsidiariesSingapore dollars thousands | 3,987 | PDF p. 52 |
| Lease liabilitiesSingapore dollars thousands | 203 | PDF p. 52 |
| Contract liabilitiesSingapore dollars thousands | 3,702 | PDF p. 52 |
| Tax payableSingapore dollars thousands | — | PDF p. 52 |
| SubtotalSingapore dollars thousands | 10,797 | PDF p. 52 |
| Net current assetsSingapore dollars thousands | 45,329 | PDF p. 52 |
| Non-current liabilities | ||
| Other payablesSingapore dollars thousands | — | PDF p. 52 |
| Amounts owing to subsidiariesSingapore dollars thousands | 13,198 | PDF p. 52 |
| Lease liabilitiesSingapore dollars thousands | 320 | PDF p. 52 |
| Contract liabilitiesSingapore dollars thousands | 16,188 | PDF p. 52 |
| Deferred tax liabilitiesSingapore dollars thousands | 15 | PDF p. 52 |
| SubtotalSingapore dollars thousands | 29,721 | PDF p. 52 |
| Total liabilitiesSingapore dollars thousands | 40,518 | PDF p. 52 |
| Net assetsSingapore dollars thousands | 121,199 | PDF p. 52 |
| Company | ||
| Share capitalSingapore dollars thousands | 94,686 | PDF p. 52 |
| Treasury sharesSingapore dollars thousands | (12,554) | PDF p. 52 |
| Accumulated profi tsSingapore dollars thousands | 38,486 | PDF p. 52 |
| Other reservesSingapore dollars thousands | 581 | PDF p. 52 |
| SubtotalSingapore dollars thousands | 121,199 | PDF p. 52 |
| Non-controlling interestsSingapore dollars thousands | — | PDF p. 52 |
| Total equitySingapore dollars thousands | 121,199 | PDF p. 52 |
| Total equity and liabilitiesSingapore dollars thousands | 161,717 | PDF p. 52 |
Original report: PDF p. 51 ↗ PDF p. 52 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended December 31, 2022 / Share capital | 2022Group / year ended December 31, 2022 / Treasury shares | 2022Group / year ended December 31, 2022 / Accumulated profits | 2022Group / year ended December 31, 2022 / Share-based compensation reserve | 2022Group / year ended December 31, 2022 / Capital reserve | 2022Group / year ended December 31, 2022 / Merger reserve | 2022Group / year ended December 31, 2022 / Acquisition reserve | 2022Group / year ended December 31, 2022 / Revaluation reserve | 2022Group / year ended December 31, 2022 / Foreign currency translation reserve | 2022Group / year ended December 31, 2022 / Equity attributable to owners of the Company | 2022Group / year ended December 31, 2022 / Non-controlling interests | 2022Group / year ended December 31, 2022 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||||||
| At 1 January 2022Singapore dollars thousands | 95,163 | (13,290) | 69,407 | 531 | 568 | 534 | (11,931) | — | (4,553) | 136,429 | 260 | 136,689 | PDF p. 53 |
| Total comprehensive income for the year Profi t/(loss) for the yearSingapore dollars thousands | — | — | 4,887 | — | — | — | — | — | — | 4,887 | (1) | 4,886 | PDF p. 53 |
| Other comprehensive income | |||||||||||||
| Revaluation gain on investment propertiesSingapore dollars thousands | — | — | — | — | — | — | — | 477 | — | 477 | 5 | 482 | PDF p. 53 |
| Foreign currency translationSingapore dollars thousands | — | — | — | — | — | — | — | — | (5,314) | (5,314) | 2 | (5,312) | PDF p. 53 |
| Total comprehensive income for the yearSingapore dollars thousands | — | — | 4,887 | — | — | — | — | 477 | (5,314) | 50 | 6 | 56 | PDF p. 53 |
| equity | |||||||||||||
| Contributions by and distributions to owners Share-based compensation reversalSingapore dollars thousands | — | — | — | (113) | — | — | — | — | — | (113) | — | (113) | PDF p. 53 |
| Reissuance of treasury shares pursuant to equity compensation planSingapore dollars thousands | (477) | 736 | — | (259) | — | — | — | — | — | — | — | — | PDF p. 53 |
| DividendsSingapore dollars thousands | — | — | (2,304) | — | — | — | — | — | — | (2,304) | — | (2,304) | PDF p. 53 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (477) | 736 | (2,304) | (372) | — | — | — | — | — | (2,417) | — | (2,417) | PDF p. 53 |
| At 31 December 2022Singapore dollars thousands | 94,686 | (12,554) | 71,990 | 159 | 568 | 534 | (11,931) | 477 | (9,867) | 134,062 | 266 | 134,328 | PDF p. 53 |
Original report: PDF p. 53 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / year ended December 31, 2022 / Share capital | 2022Company / year ended December 31, 2022 / Treasury shares | 2022Company / year ended December 31, 2022 / Accumulated profits | 2022Company / year ended December 31, 2022 / Capital reserve | 2022Company / year ended December 31, 2022 / Share-based compensation reserve | 2022Company / year ended December 31, 2022 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| At 1 January 2022Singapore dollars thousands | 95,163 | (13,290) | 30,233 | 422 | 531 | 113,059 | PDF p. 55 |
| Total comprehensive income for the year Profi t for the yearSingapore dollars thousands | — | — | 10,557 | — | — | 10,557 | PDF p. 55 |
| Total comprehensive income for the yearSingapore dollars thousands | — | — | 10,557 | — | — | 10,557 | PDF p. 55 |
| Transactions with owners, | |||||||
| recognised directly in equity Contributions by and distributions to owners Share-based compensation reversalSingapore dollars thousands | — | — | — | — | (113) | (113) | PDF p. 55 |
| Reissuance of treasury shares pursuant to equity compensation planSingapore dollars thousands | (477) | 736 | — | — | (259) | — | PDF p. 55 |
| DividendsSingapore dollars thousands | — | — | (2,304) | — | — | (2,304) | PDF p. 55 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (477) | 736 | (2,304) | — | (372) | (2,417) | PDF p. 55 |
| At 31 December 2022Singapore dollars thousands | 94,686 | (12,554) | 38,486 | 422 | 159 | 121,199 | PDF p. 55 |
Original report: PDF p. 55 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended December 31, 2021 | Source |
|---|---|---|
| Group profit or loss and comprehensive income | ||
| RevenueSingapore dollars thousands | 56,669 | PDF p. 53 |
| Cost of salesSingapore dollars thousands | (17,186) | PDF p. 53 |
| Gross profitSingapore dollars thousands | 39,483 | PDF p. 53 |
| Other operating incomeSingapore dollars thousands | 839 | PDF p. 53 |
| Selling and marketing expensesSingapore dollars thousands | (17,537) | PDF p. 53 |
| Administrative expensesSingapore dollars thousands | (18,454) | PDF p. 53 |
| Finance incomeSingapore dollars thousands | 2,267 | PDF p. 53 |
| Finance costsSingapore dollars thousands | (200) | PDF p. 53 |
| Profit before income tax from operationsSingapore dollars thousands | 6,398 | PDF p. 53 |
| Fair value gain on investment propertiesSingapore dollars thousands | 179 | PDF p. 53 |
| Share of profit of associateSingapore dollars thousands | 432 | PDF p. 53 |
| Profit before income taxSingapore dollars thousands | 7,009 | PDF p. 53 |
| Tax expenseSingapore dollars thousands | (874) | PDF p. 53 |
| Profit for the yearSingapore dollars thousands | 6,135 | PDF p. 53 |
| Other comprehensive income/(loss): | ||
| Item that will not be reclassified to profit or loss Revaluation gain on investment propertiesSingapore dollars thousands | — | PDF p. 53 |
| Item that may be reclassified subsequently to profit or loss | ||
| Foreign currency translationSingapore dollars thousands | (607) | PDF p. 53 |
| Total comprehensive income for the yearSingapore dollars thousands | 5,528 | PDF p. 53 |
| Profit/(loss) for the year attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 6,135 | PDF p. 53 |
| Non-controlling interestsSingapore dollars thousands | — | PDF p. 53 |
| SubtotalSingapore dollars thousands | 6,135 | PDF p. 53 |
| Total comprehensive income for the year attributable to: | ||
| Owners of the CompanySingapore dollars thousands | 5,528 | PDF p. 53 |
| Non-controlling interestsSingapore dollars thousands | — | PDF p. 53 |
| SubtotalSingapore dollars thousands | 5,528 | PDF p. 53 |
| Earnings per share (cents per share): | ||
| BasicSingapore cents per share | 2.40 | PDF p. 53 |
| DilutedSingapore cents per share | 2.39 | PDF p. 53 |
Original report: PDF p. 53 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended December 31, 2021 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before income taxSingapore dollars thousands | 7,009 | PDF p. 59 |
| Adjustments for: | ||
| Depreciation of property, plant and equipmentSingapore dollars thousands | 2,636 | PDF p. 59 |
| Amortisation of intangible assetsSingapore dollars thousands | 936 | PDF p. 59 |
| Impairment loss on trade receivables and bad debt written off, netSingapore dollars thousands | 1,560 | PDF p. 59 |
| Gain on disposal of property, plant and equipment and investment properties, netSingapore dollars thousands | (24) | PDF p. 59 |
| Interest incomeSingapore dollars thousands | (2,267) | PDF p. 59 |
| Interest expenseSingapore dollars thousands | 200 | PDF p. 59 |
| Share-based compensation (reversal)/expenseSingapore dollars thousands | 294 | PDF p. 59 |
| Fair value gain on investment propertiesSingapore dollars thousands | (179) | PDF p. 59 |
| Investment lossSingapore dollars thousands | 282 | PDF p. 59 |
| Gain on financial asset at fair value through profit or lossSingapore dollars thousands | (13) | PDF p. 59 |
| Share of profit of associateSingapore dollars thousands | (432) | PDF p. 59 |
| Unrealised exchange loss/(gain)Singapore dollars thousands | (373) | PDF p. 59 |
| SubtotalSingapore dollars thousands | 9,629 | PDF p. 59 |
| Changes in: | ||
| Trade receivablesSingapore dollars thousands | (2,355) | PDF p. 59 |
| Contract assetsSingapore dollars thousands | 1,438 | PDF p. 59 |
| Other receivables and prepaymentsSingapore dollars thousands | (103) | PDF p. 59 |
| InventoriesSingapore dollars thousands | 231 | PDF p. 59 |
| Trade and other payablesSingapore dollars thousands | (3,101) | PDF p. 59 |
| Lease liabilitiesSingapore dollars thousands | (2,413) | PDF p. 59 |
| Contract liabilitiesSingapore dollars thousands | 5,569 | PDF p. 59 |
| Cash generated from operationsSingapore dollars thousands | 8,895 | PDF p. 59 |
| Interest receivedSingapore dollars thousands | 1,493 | PDF p. 59 |
| Interest paidSingapore dollars thousands | (35) | PDF p. 59 |
| Income tax paidSingapore dollars thousands | (852) | PDF p. 59 |
| Net cash from operating activitiesSingapore dollars thousands | 9,501 | PDF p. 59 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars thousands | (1,195) | PDF p. 60 |
| Purchase of intangible assetsSingapore dollars thousands | (375) | PDF p. 60 |
| Proceeds from sale of investment propertiesSingapore dollars thousands | 1,300 | PDF p. 60 |
| Proceeds from disposal of fixed assetsSingapore dollars thousands | 65 | PDF p. 60 |
| Dividend receivedSingapore dollars thousands | 84 | PDF p. 60 |
| Redemption of short-term investmentsSingapore dollars thousands | 257 | PDF p. 60 |
| Transfer to fixed deposits, netSingapore dollars thousands | (24,044) | PDF p. 60 |
| Net cash from/(used in) investing activitiesSingapore dollars thousands | (23,908) | PDF p. 60 |
| Cash flows from financing activities | ||
| Transfer (to)/from pledged fixed depositsSingapore dollars thousands | 9,708 | PDF p. 60 |
| Acquisition of non-controlling interest in subsidiarySingapore dollars thousands | (57) | PDF p. 60 |
| Repayment of interest-bearing borrowingsSingapore dollars thousands | (3,988) | PDF p. 60 |
| Dividends paidSingapore dollars thousands | (2,298) | PDF p. 60 |
| Cash flows (used in)/from financing activitiesSingapore dollars thousands | 3,365 | PDF p. 60 |
| Net decrease in cash and cash equivalentsSingapore dollars thousands | (11,042) | PDF p. 60 |
| Cash and cash equivalents at beginning of the yearSingapore dollars thousands | 25,938 | PDF p. 60 |
| Effects of exchange rate changes on the balance of cash and cash equivalentsSingapore dollars thousands | 562 | PDF p. 60 |
| Cash and cash equivalents at end of the yearSingapore dollars thousands | 15,458 | PDF p. 60 |
Original report: PDF p. 59 ↗ PDF p. 60 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended December 31, 2021 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 16,403 | PDF p. 54 |
| Investment propertiesSingapore dollars thousands | 3,513 | PDF p. 54 |
| Intangible assetsSingapore dollars thousands | 31,539 | PDF p. 54 |
| Deferred tax assetsSingapore dollars thousands | 672 | PDF p. 54 |
| Investment in subsidiariesSingapore dollars thousands | — | PDF p. 54 |
| Investment in associateSingapore dollars thousands | 1,106 | PDF p. 54 |
| Long-term investmentsSingapore dollars thousands | 4,357 | PDF p. 54 |
| Contract assetsSingapore dollars thousands | 66,573 | PDF p. 54 |
| Fixed depositsSingapore dollars thousands | 9,731 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 133,894 | PDF p. 54 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 1,428 | PDF p. 54 |
| PrepaymentsSingapore dollars thousands | 2,162 | PDF p. 54 |
| Trade receivablesSingapore dollars thousands | 23,961 | PDF p. 54 |
| Other receivablesSingapore dollars thousands | 5,460 | PDF p. 54 |
| Tax recoverableSingapore dollars thousands | 1,921 | PDF p. 54 |
| Amounts owing by subsidiariesSingapore dollars thousands | — | PDF p. 54 |
| Short-term investmentsSingapore dollars thousands | 15,411 | PDF p. 54 |
| Fixed depositsSingapore dollars thousands | 33,760 | PDF p. 54 |
| Pledged fixed depositsSingapore dollars thousands | 257 | PDF p. 54 |
| Cash and cash equivalentsSingapore dollars thousands | 15,458 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 99,818 | PDF p. 54 |
| Total assetsSingapore dollars thousands | 233,712 | PDF p. 54 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars thousands | 11,423 | PDF p. 55 |
| Amounts owing to subsidiariesSingapore dollars thousands | – | PDF p. 55 |
| Lease liabilitiesSingapore dollars thousands | 2,124 | PDF p. 55 |
| Contract liabilitiesSingapore dollars thousands | 9,026 | PDF p. 55 |
| Tax payableSingapore dollars thousands | 1,666 | PDF p. 55 |
| SubtotalSingapore dollars thousands | 24,239 | PDF p. 55 |
| Net current assetsSingapore dollars thousands | 75,579 | PDF p. 55 |
| Non-current liabilities | ||
| Other payablesSingapore dollars thousands | 662 | PDF p. 55 |
| Amounts owing to subsidiariesSingapore dollars thousands | – | PDF p. 55 |
| Lease liabilitiesSingapore dollars thousands | 843 | PDF p. 55 |
| Contract liabilitiesSingapore dollars thousands | 67,108 | PDF p. 55 |
| Deferred tax liabilitiesSingapore dollars thousands | 4,171 | PDF p. 55 |
| SubtotalSingapore dollars thousands | 72,784 | PDF p. 55 |
| Total liabilitiesSingapore dollars thousands | 97,023 | PDF p. 55 |
| Net assetsSingapore dollars thousands | 136,689 | PDF p. 55 |
| Company | ||
| Share capitalSingapore dollars thousands | 95,163 | PDF p. 55 |
| Treasury sharesSingapore dollars thousands | (13,290) | PDF p. 55 |
| Accumulated profitsSingapore dollars thousands | 69,407 | PDF p. 55 |
| Other reservesSingapore dollars thousands | (14,851) | PDF p. 55 |
| SubtotalSingapore dollars thousands | 136,429 | PDF p. 55 |
| Non-controlling interestsSingapore dollars thousands | 260 | PDF p. 55 |
| Total equitySingapore dollars thousands | 136,689 | PDF p. 55 |
| Total equity and liabilitiesSingapore dollars thousands | 233,712 | PDF p. 55 |
Original report: PDF p. 54 ↗ PDF p. 55 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company / year ended December 31, 2021 | Source |
|---|---|---|
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars thousands | 6,558 | PDF p. 54 |
| Investment propertiesSingapore dollars thousands | 1,848 | PDF p. 54 |
| Intangible assetsSingapore dollars thousands | 730 | PDF p. 54 |
| Deferred tax assetsSingapore dollars thousands | — | PDF p. 54 |
| Investment in subsidiariesSingapore dollars thousands | 62,620 | PDF p. 54 |
| Investment in associateSingapore dollars thousands | — | PDF p. 54 |
| Long-term investmentsSingapore dollars thousands | 4,357 | PDF p. 54 |
| Contract assetsSingapore dollars thousands | 42,211 | PDF p. 54 |
| Fixed depositsSingapore dollars thousands | — | PDF p. 54 |
| SubtotalSingapore dollars thousands | 118,324 | PDF p. 54 |
| Current assets | ||
| InventoriesSingapore dollars thousands | 283 | PDF p. 54 |
| PrepaymentsSingapore dollars thousands | 1,046 | PDF p. 54 |
| Trade receivablesSingapore dollars thousands | 10,842 | PDF p. 54 |
| Other receivablesSingapore dollars thousands | 696 | PDF p. 54 |
| Tax recoverableSingapore dollars thousands | – | PDF p. 54 |
| Amounts owing by subsidiariesSingapore dollars thousands | 23,381 | PDF p. 54 |
| Short-term investmentsSingapore dollars thousands | — | PDF p. 54 |
| Fixed depositsSingapore dollars thousands | 8,268 | PDF p. 54 |
| Pledged fixed depositsSingapore dollars thousands | — | PDF p. 54 |
| Cash and cash equivalentsSingapore dollars thousands | 3,438 | PDF p. 54 |
| SubtotalSingapore dollars thousands | 47,954 | PDF p. 54 |
| Total assetsSingapore dollars thousands | 166,278 | PDF p. 54 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars thousands | 4,431 | PDF p. 55 |
| Amounts owing to subsidiariesSingapore dollars thousands | 15,378 | PDF p. 55 |
| Lease liabilitiesSingapore dollars thousands | 174 | PDF p. 55 |
| Contract liabilitiesSingapore dollars thousands | 4,019 | PDF p. 55 |
| Tax payableSingapore dollars thousands | – | PDF p. 55 |
| SubtotalSingapore dollars thousands | 24,002 | PDF p. 55 |
| Net current assetsSingapore dollars thousands | 23,952 | PDF p. 55 |
| Non-current liabilities | ||
| Other payablesSingapore dollars thousands | – | PDF p. 55 |
| Amounts owing to subsidiariesSingapore dollars thousands | 13,395 | PDF p. 55 |
| Lease liabilitiesSingapore dollars thousands | 139 | PDF p. 55 |
| Contract liabilitiesSingapore dollars thousands | 15,668 | PDF p. 55 |
| Deferred tax liabilitiesSingapore dollars thousands | 15 | PDF p. 55 |
| SubtotalSingapore dollars thousands | 29,217 | PDF p. 55 |
| Total liabilitiesSingapore dollars thousands | 53,219 | PDF p. 55 |
| Net assetsSingapore dollars thousands | 113,059 | PDF p. 55 |
| Company | ||
| Share capitalSingapore dollars thousands | 95,163 | PDF p. 55 |
| Treasury sharesSingapore dollars thousands | (13,290) | PDF p. 55 |
| Accumulated profitsSingapore dollars thousands | 30,233 | PDF p. 55 |
| Other reservesSingapore dollars thousands | 953 | PDF p. 55 |
| SubtotalSingapore dollars thousands | 113,059 | PDF p. 55 |
| Non-controlling interestsSingapore dollars thousands | – | PDF p. 55 |
| Total equitySingapore dollars thousands | 113,059 | PDF p. 55 |
| Total equity and liabilitiesSingapore dollars thousands | 166,278 | PDF p. 55 |
Original report: PDF p. 54 ↗ PDF p. 55 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Group / year ended December 31, 2021 / Share capital | 2021Group / year ended December 31, 2021 / Treasury shares | 2021Group / year ended December 31, 2021 / Accumulated profits | 2021Group / year ended December 31, 2021 / Share-based compensation reserve | 2021Group / year ended December 31, 2021 / Capital reserve | 2021Group / year ended December 31, 2021 / Merger reserve | 2021Group / year ended December 31, 2021 / Acquisition reserve | 2021Group / year ended December 31, 2021 / Foreign currency translation reserve | 2021Group / year ended December 31, 2021 / Non-controlling interests | 2021Group / year ended December 31, 2021 / Total equity | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||||||
| At 1 January 2021Singapore dollars thousands | 95,646 | (14,073) | 65,570 | 537 | 568 | 534 | (11,740) | (3,946) | 126 | 133,222 | PDF p. 56 |
| Total comprehensive income/(loss) for the year Profit for the yearSingapore dollars thousands | — | — | 6,135 | — | — | — | — | — | — | 6,135 | PDF p. 56 |
| Other comprehensive loss Foreign currency translationSingapore dollars thousands | — | — | — | — | — | — | — | (607) | — | (607) | PDF p. 56 |
| Total comprehensive income/(loss) for the yearSingapore dollars thousands | — | — | 6,135 | — | — | — | — | (607) | — | 5,528 | PDF p. 56 |
| Transactions with owners, recognised directly in equity Contributions by and distributions to owners Grant of share awards to employeesSingapore dollars thousands | — | — | — | 294 | — | — | — | — | — | 294 | PDF p. 56 |
| Reissuance of treasury shares pursuant to equity compensation planSingapore dollars thousands | (483) | 783 | — | (300) | — | — | — | — | — | — | PDF p. 56 |
| DividendsSingapore dollars thousands | — | — | (2,298) | — | — | — | — | — | — | (2,298) | PDF p. 56 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (483) | 783 | (2,298) | (6) | — | — | — | — | — | (2,004) | PDF p. 56 |
| Changes in ownership interests in subsidiary Acquisition of non-controlling interests in subsidiarySingapore dollars thousands | — | — | — | — | — | — | (191) | — | 134 | (57) | PDF p. 56 |
| Total changes in ownership interest in subsidiarySingapore dollars thousands | — | — | — | — | — | — | (191) | — | 134 | (57) | PDF p. 56 |
| At 31 December 2021Singapore dollars thousands | 95,163 | (13,290) | 69,407 | 531 | 568 | 534 | (11,931) | (4,553) | 260 | 136,689 | PDF p. 56 |
Original report: PDF p. 56 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2021Company / year ended December 31, 2021 / Share capital | 2021Company / year ended December 31, 2021 / Treasury shares | 2021Company / year ended December 31, 2021 / Accumulated profits | 2021Company / year ended December 31, 2021 / Capital reserve | 2021Company / year ended December 31, 2021 / Share-based compensation reserve | 2021Company / year ended December 31, 2021 / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Company changes in equity | |||||||
| At 1 January 2021Singapore dollars thousands | 95,646 | (14,073) | 31,632 | 422 | 537 | 114,164 | PDF p. 58 |
| Total comprehensive income for the year Profit for the yearSingapore dollars thousands | — | — | 899 | — | — | 899 | PDF p. 58 |
| Total comprehensive income for the yearSingapore dollars thousands | — | — | 899 | — | — | 899 | PDF p. 58 |
| Transactions with owners, | |||||||
| recognised directly in equity Contributions by and distributions to owners Grant of share awards to employeesSingapore dollars thousands | — | — | — | — | 294 | 294 | PDF p. 58 |
| Reissuance of treasury shares pursuant to equity compensation planSingapore dollars thousands | (483) | 783 | — | — | (300) | — | PDF p. 58 |
| DividendsSingapore dollars thousands | — | — | (2,298) | — | — | (2,298) | PDF p. 58 |
| Total contributions by and distributions to ownersSingapore dollars thousands | (483) | 783 | (2,298) | — | (6) | (2,004) | PDF p. 58 |
| At 31 December 2021Singapore dollars thousands | 95,163 | (13,290) | 30,233 | 422 | 531 | 113,059 | PDF p. 58 |
Original report: PDF p. 58 ↗
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Where the money comes from
| Item / unit | 2025Banking segment, $'000 | 2025Diagnostics segment, $'000 | 2025Total, $'000 | 2024Banking segment, $'000 | 2024Diagnostics segment, $'000 | 2024Total, $'000 | Source |
|---|---|---|---|---|---|---|---|
| Segment revenue – Year ended 31 December | |||||||
| Revenue from external customers$'000 | 34,586 | 4,265 | 38,851 | 23,741 | 3,905 | 27,646 | PDF p. 117 |
Total consolidated revenue shown only in Total column.
| Item / unit | 2025Banking segment, $'000 | 2025Diagnostics segment, $'000 | 2025Total, $'000 | 2024Banking segment, $'000 | 2024Diagnostics segment, $'000 | 2024Total, $'000 | Source |
|---|---|---|---|---|---|---|---|
| Segment results – Year ended 31 December | |||||||
| Finance income$'000 | 2,718 | — | 2,718 | 3,436 | — | 3,436 | PDF p. 117 |
| Finance costs$'000 | (152) | — | (152) | (196) | — | (196) | PDF p. 117 |
| Depreciation and amortisation$'000 | (4,084) | (278) | (4,362) | (4,113) | (95) | (4,208) | PDF p. 117 |
| Segment (loss)/profit$'000 | (12,058) | 145 | (11,913) | (21,074) | 312 | (20,762) | PDF p. 117 |
Reconciling items below Segment (loss)/profit appear only in Total column. Tax expense not allocated to operating segments.
Reconciling items below Segment (loss)/profit appear only in Total column. 'Profit before income tax' label printed as such with value (18,980).
| Item / unit | 2025Banking segment, $'000 | 2025Diagnostics segment, $'000 | 2025Others*, $'000 | 2025Total, $'000 | 2024Banking segment, $'000 | 2024Diagnostics segment, $'000 | 2024Others*, $'000 | 2024Total, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|
| 31 December | |||||||||
| Additions to non-current assets, comprising additions to property, plant and equipment and intangible assets$'000 | 2,080 | 396 | — | 2,476 | 4,112 | 194 | — | 4,306 | PDF p. 118 |
| Segment assets$'000 | 233,690 | 6,530 | 1,165 | 241,385 | 249,135 | 5,779 | 996 | 255,910 | PDF p. 118 |
| Segment liabilities$'000 | 125,705 | 3,474 | 12,235 | 141,414 | 127,594 | 2,404 | 12,072 | 142,070 | PDF p. 118 |
Eliminations+ (48,237) for assets, (48,097) for liabilities; per consolidated financial statements assets 201,759 and liabilities 97,278 (Total column only).
+ Inter-segment balances are eliminated on consolidation.
* Others refer to the assets and liabilities of subsidiaries not offering services under the banking and diagnostics segments.
Eliminations+ (47,444) for assets, (47,269) for liabilities; per consolidated financial statements assets 217,142 and liabilities 98,680 (Total column only).
| Item / unit | 2025Revenue, $'000 | 2024Revenue, $'000 | 2025Non-current assets, $'000 | 2024Non-current assets, $'000 | Source |
|---|---|---|---|---|---|
| Geographical information | |||||
| Singapore$'000 | 9,189 | (2,007) | 8,691 | 9,571 | PDF p. 119 |
| Hong Kong$'000 | 9,853 | 9,627 | 20,703 | 23,040 | PDF p. 119 |
| India$'000 | 5,457 | 5,533 | 13,017 | 10,530 | PDF p. 119 |
| Malaysia$'000 | 3,812 | 3,175 | 15,867 | 15,677 | PDF p. 119 |
| Philippines$'000 | 6,136 | 6,450 | 1,081 | 748 | PDF p. 119 |
| Others$'000 | 4,404 | 4,868 | 1,822 | 2,291 | PDF p. 119 |
| Total$'000 | 38,851 | 27,646 | 61,181 | 61,857 | PDF p. 119 |
Total row has no printed label.
Non-current assets information presented exclude financial instruments (other than equity-accounted investees and fixed deposits) and deferred tax assets.
Debt
| Item / unit | 2025Carrying amount, $'000 | 2025Contractual cash flows, $'000 | 2025Within 1 year, $'000 | 20251 to 5 years, $'000 | 2025Over 5 years, $'000 | 2024Carrying amount, $'000 | 2024Contractual cash flows, $'000 | 2024Within 1 year, $'000 | 20241 to 5 years, $'000 | 2024Over 5 years, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Group 31 December Non-derivative financial liabilities | |||||||||||
| Lease liabilities(2)$'000 | 1,342 | (1,509) | (689) | (820) | — | 2,425 | (2,684) | (2,082) | (602) | — | PDF p. 112 |
(2) Certain lease arrangements with remaining lease term of up to five years (2024: five years) (see Note 27) have been fully paid for.
Contractual maturities include estimated interest payments and exclude the impact of netting agreements.
| Item / unit | 2025Carrying amount, $'000 | 2025Contractual cash flows, $'000 | 2025Within 1 year, $'000 | 20251 to 5 years, $'000 | 2025Over 5 years, $'000 | 2024Carrying amount, $'000 | 2024Contractual cash flows, $'000 | 2024Within 1 year, $'000 | 20241 to 5 years, $'000 | 2024Over 5 years, $'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Company 31 December Non-derivative financial liabilities | |||||||||||
| Lease liabilities$'000 | 181 | (199) | (62) | (137) | — | 385 | (390) | (370) | (20) | — | PDF p. 112 |
| Item / unit | 2025Group, $'000 | 2024Group, $'000 | 2025Company, $'000 | 2024Company, $'000 | Source |
|---|---|---|---|---|---|
| Current liabilities | |||||
| Lease liabilities$'000 | 654 | 1,894 | 55 | 365 | PDF p. 54 |
| Non-current liabilities | |||||
| Lease liabilities$'000 | 688 | 531 | 126 | 20 | PDF p. 54 |
No bank borrowings or interest-bearing loans are presented on the statements of financial position; lease liabilities are the only interest-bearing debt-like items. Note column value is 27.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company does not have a dividend payment policy. In determining whether or not to pay an interim dividend or to recommend the payment of a final dividend, the Board will consider, amongst other things, the Company’s expansion plans, existing projects and cash flow projections. | Company, FY2025 | PDF p. 42 |
Extracted from 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 | PKF-CAP LLP | Group | PDF p. 51 |
| Engagement partner | Lee Eng Kian | Group | PDF p. 51 |
| Disclaimer of Opinion | We do not express an opinion on the accompanying consolidated financial statements. | Group | PDF p. 49 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Going concern basis of preparation | there are material uncertainties relating to the outcome and financial effects of the full investigation into the 3 Low-Risk Tanks | Group | PDF p. 49 |
| Note 2.1 Going concern basis of accounting | the Board is of the view that the Company will be able to continue as a going concern for the Period under Review | Group | PDF p. 64 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Emphasis of Matter | Our opinion is not modified in respect of this emphasis of matter. | Group | PDF p. 51 |
Extracted from 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 Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
All periods end on 31 December. Primary statements are in Singapore dollars thousands; EPS is in Singapore cents per share. Group and Company remain distinct.
Five years 2021–2025 use current and original comparative columns from four official annual reports. Company financial position and changes in equity are printed; no separate Company income or cash flow statements are printed.
PKF-CAP LLP issued a Disclaimer of Opinion for FY2025, signed 31 March 2026. The original FY2024 and FY2023 reports also contain disclaimers. Matters include opening balances and comparability, going concern, refunds and claims, recoverability of trade receivables and contract assets, and regulatory compliance. See FY2025 physical pages 49–51 and Note 2.1 / 35 / 36. Source transcription checks do not constitute an audit opinion.
Original financial highlights cover2023–2025. NAV per share numerically reconciles to total net assets including NCI divided by256,307,744eligible shares; the report does not print a formal NAV formula or a historical ROE/gearing series. No unprinted ratios are supplied.
The summary cash aggregate61.0/67.2/82.5million includes fixed deposits and investments; cash-flow cash is15.196/11.497/18.423million for2025/2024/2023. Note20 explicitly limits cash equivalents to bank cash and cash on hand.
FY2025/FY2024 cash-flow dividends72/74thousand are to non-controlling interests, as shown in original equity movements; they are not dividends to ordinary shareholders of Cordlife. Historical Group/Company equity dividends in2022/2021are2304/2298thousand. No current proposed dividend is added.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.