Q&M Dental QC7
Financials
ANNUAL REPORT 2025
Explore the statements
25 tablesConsolidated Statement of Profit or Loss and Other Comprehensive Income
23 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Continuing operations | |||
| Revenue$’000 | 197,226 | 180,674 | PDF p. 63 |
| Interest income$’000 | 561 | – | PDF p. 63 |
| Other income and gains$’000 | 542 | 1,741 | PDF p. 63 |
| Consumables, dental equipment and dental supplies used$’000 | (25,444) | (20,428) | PDF p. 63 |
| Employee benefits expense$’000 | (114,964) | (105,886) | PDF p. 63 |
| Depreciation and amortisation expense$’000 | (19,715) | (17,976) | PDF p. 63 |
| Finance costs$’000 | (6,441) | (5,372) | PDF p. 63 |
| Other expenses$’000 | (14,325) | (12,108) | PDF p. 63 |
| Other losses$’000 | (5,152) | (6,400) | PDF p. 63 |
| Share of (loss) profit from equity-accounted associates$’000 | (103) | 134 | PDF p. 63 |
| Profit before tax from continuing operations$’000 | 12,185 | 14,379 | PDF p. 63 |
| Income tax expense$’000 | (2,266) | (1,686) | PDF p. 63 |
| Profit from continuing operations, net of tax$’000 | 9,919 | 12,693 | PDF p. 63 |
| Other comprehensive income | |||
| Exchange differences on translating foreign operation, net of tax$’000 | 192 | 639 | PDF p. 63 |
| Other comprehensive income for the year, net of tax$’000 | 192 | 639 | PDF p. 63 |
| Total comprehensive income | |||
| Total comprehensive income$’000 | 10,111 | 13,332 | PDF p. 63 |
| Profit attribution | |||
| Profit attributable to owners of the parent, net of tax$’000 | 9,312 | 14,264 | PDF p. 63 |
| Profit (loss) attributable to non-controlling interests, net of tax$’000 | 607 | (1,571) | PDF p. 63 |
| Profit net of tax$’000 | 9,919 | 12,693 | PDF p. 63 |
| Comprehensive income attribution | |||
| Total comprehensive income attributable to owners of the parent$’000 | 9,521 | 14,835 | PDF p. 63 |
| Total comprehensive income (loss) attributable to non-controlling interests$’000 | 590 | (1,503) | PDF p. 63 |
| Total comprehensive income$’000 | 10,111 | 13,332 | PDF p. 63 |
| Earnings per share | |||
| Basic and diluted – continuing operationsCents per share | 0.98 | 1.51 | PDF p. 63 |
Definitions & sources
Original report: PDF p. 63 ↗
The 2024 column is marked “(Restated)” in the report.
The statement identifies other comprehensive income as items that may be reclassified subsequently to profit or loss.
Statements of Financial Position
34 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Assets — Non-current assets | |||||
| Property, plant and equipment$’000 | 40,352 | 37,056 | 584 | 1,092 | PDF p. 64 |
| Right-of-use assets$’000 | 42,795 | 38,182 | 1,699 | 1,389 | PDF p. 64 |
| Investments in subsidiaries$’000 | – | – | 104,035 | 59,980 | PDF p. 64 |
| Investments in associates$’000 | 15 | 25,835 | – | 30,754 | PDF p. 64 |
| Goodwill$’000 | 75,151 | 52,357 | – | – | PDF p. 64 |
| Other intangible assets$’000 | 5,991 | 427 | – | – | PDF p. 64 |
| Other receivables$’000 | 4,161 | 2,933 | 1,629 | 2,032 | PDF p. 64 |
| Other non-financial assets$’000 | 5,840 | 6,549 | 2,762 | 2,864 | PDF p. 64 |
| Subtotal$’000 | 174,305 | 163,339 | 110,709 | 98,111 | PDF p. 64 |
| Assets — Current assets | |||||
| Inventories$’000 | 12,331 | 10,587 | – | – | PDF p. 64 |
| Trade and other receivables$’000 | 41,286 | 35,981 | 88,612 | 86,034 | PDF p. 64 |
| Other non-financial assets$’000 | 7,405 | 3,151 | 5,052 | 1,321 | PDF p. 64 |
| Cash and cash equivalents$’000 | 117,085 | 34,342 | 51,557 | 3,867 | PDF p. 64 |
| Subtotal$’000 | 178,107 | 84,061 | 145,221 | 91,222 | PDF p. 64 |
| Assets | |||||
| Subtotal$’000 | 352,412 | 247,400 | 255,930 | 189,333 | PDF p. 64 |
| Equity attributable to owners of the parent | |||||
| Share capital$’000 | 86,758 | 86,758 | 86,758 | 86,758 | PDF p. 64 |
| Treasury shares$’000 | (13,199) | (10,855) | (13,199) | (10,855) | PDF p. 64 |
| Retained earnings$’000 | 32,326 | 33,301 | 10,717 | 14,903 | PDF p. 64 |
| Other reserves$’000 | (1,479) | (3,407) | – | – | PDF p. 64 |
| Subtotal$’000 | 104,406 | 105,797 | 84,276 | 90,806 | PDF p. 64 |
| Equity | |||||
| Non-controlling interests$’000 | 31,430 | 2,337 | – | – | PDF p. 64 |
| Subtotal$’000 | 135,836 | 108,134 | 84,276 | 90,806 | PDF p. 64 |
| Liabilities — Non-current liabilities | |||||
| Provisions$’000 | 1,115 | 985 | – | – | PDF p. 64 |
| Deferred tax liabilities$’000 | 2,377 | 2,518 | – | – | PDF p. 64 |
| Lease liabilities$’000 | 32,881 | 30,714 | 1,402 | 1,185 | PDF p. 64 |
| Other financial liabilities$’000 | 142,742 | 73,239 | 136,906 | 67,167 | PDF p. 64 |
| Subtotal$’000 | 179,115 | 107,456 | 138,308 | 68,352 | PDF p. 64 |
| Liabilities — Current liabilities | |||||
| Income tax payable$’000 | 1,968 | 1,762 | 84 | 13 | PDF p. 64 |
| Lease liabilities$’000 | 12,186 | 10,923 | 301 | 258 | PDF p. 64 |
| Trade and other payables$’000 | 22,621 | 18,621 | 32,715 | 29,658 | PDF p. 64 |
| Other financial liabilities$’000 | 686 | 504 | 246 | 246 | PDF p. 64 |
| Subtotal$’000 | 37,461 | 31,810 | 33,346 | 30,175 | PDF p. 64 |
| Liabilities | |||||
| Subtotal$’000 | 216,576 | 139,266 | 171,654 | 98,527 | PDF p. 64 |
| Equity and liabilities | |||||
| Subtotal$’000 | 352,412 | 247,400 | 255,930 | 189,333 | PDF p. 64 |
Definitions & sources
Original report: PDF p. 64 ↗
The statement caption is “AS AT 31 DECEMBER 2025”. Both 2024 columns are marked “(Restated)”.
The accompanying notes form an integral part of these financial statements.
Consolidated statement of profit or loss and other comprehensive income — comprehensive income and attribution
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Other comprehensive income — items that may be reclassified subsequently to profit or loss | |||
| Exchange differences on translating foreign operation, net of tax$’000 | 192 | 639 | PDF p. 63 |
| Other comprehensive income | |||
| Other comprehensive income for the year, net of tax$’000 | 192 | 639 | PDF p. 63 |
| Comprehensive income | |||
| Total comprehensive income$’000 | 10,111 | 13,332 | PDF p. 63 |
| Attribution of total comprehensive income | |||
| Total comprehensive income attributable to owners of the parent$’000 | 9,521 | 14,835 | PDF p. 63 |
| Total comprehensive income (loss) attributable to non-controlling interests$’000 | 590 | (1,503) | PDF p. 63 |
Definitions & sources
Original report: PDF p. 63 ↗
2024 is marked “(Restated)” in the printed statement. The statement says: “The accompanying notes form an integral part of these financial statements.”
Statements of changes in equity — Group FY2025
11 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025GroupTotal equity | 2025GroupEquity attributable to parent | 2025GroupShare capital | 2025GroupRetained earnings | 2025GroupTreasury shares | 2025GroupOther reserves | 2025GroupNon-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Current year | ||||||||
| Opening balance at 1 January 2025$’000 | 108,134 | 105,797 | 86,758 | 33,301 | (10,855) | (3,407) | 2,337 | PDF p. 65 |
| Current year — Changes in equity | ||||||||
| Total comprehensive income for the year$’000 | 10,111 | 9,521 | – | 9,312 | – | 209 | 590 | PDF p. 65 |
| Share buy back (Note 22)$’000 | (3,037) | (3,037) | – | – | (3,037) | – | – | PDF p. 65 |
| Consolidation of subsidiaries arising from acquisition of additional interest in associates (Note 29)$’000 | 21,692 | 242 | – | 242 | – | – | 21,450 | PDF p. 65 |
| Increase in non-controlling interest without a change in control$’000 | 7,268 | – | – | – | – | – | 7,268 | PDF p. 65 |
| Capitalisation of right issue expenses$’000 | (195) | (103) | – | (103) | – | – | (92) | PDF p. 65 |
| Deemed disposal of associates$’000 | 1,719 | 1,719 | – | – | – | 1,719 | – | PDF p. 65 |
| Dividends paid to non-controlling interest$’000 | (123) | – | – | – | – | – | (123) | PDF p. 65 |
| Issuance of ordinary shares (Note 22)$’000 | 693 | 693 | – | – | 693 | – | – | PDF p. 65 |
| Dividends paid (Note 12)$’000 | (10,426) | (10,426) | – | (10,426) | – | – | – | PDF p. 65 |
| Current year | ||||||||
| Closing balance at 31 December 2025$’000 | 135,836 | 104,406 | 86,758 | 32,326 | (13,199) | (1,479) | 31,430 | PDF p. 65 |
Definitions & sources
Original report: PDF p. 65 ↗
Statements of changes in equity — Group FY2024 (Restated)
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024GroupTotal equity | 2024GroupEquity attributable to parent | 2024GroupShare capital | 2024GroupRetained earnings | 2024GroupTreasury shares | 2024GroupOther reserves | 2024GroupNon-controlling interests | Source |
|---|---|---|---|---|---|---|---|---|
| Previous year | ||||||||
| Opening balance at 1 January 2024$’000 | 102,911 | 99,071 | 86,758 | 27,841 | (11,535) | (3,993) | 3,840 | PDF p. 65 |
| Previous year — Changes in equity | ||||||||
| Total comprehensive income for the year (Restated) (Note 37)$’000 | 13,332 | 14,835 | – | 14,264 | – | 571 | (1,503) | PDF p. 65 |
| Deemed disposal of subsidiary (Note 30)$’000 | 15 | 15 | – | – | – | 15 | – | PDF p. 65 |
| Issuance of ordinary shares (Note 22)$’000 | 680 | 680 | – | – | 680 | – | – | PDF p. 65 |
| Dividends paid (Note 12)$’000 | (8,804) | (8,804) | – | (8,804) | – | – | – | PDF p. 65 |
| Previous year | ||||||||
| Closing balance at 31 December 2024 (Restated)$’000 | 108,134 | 105,797 | 86,758 | 33,301 | (10,855) | (3,407) | 2,337 | PDF p. 65 |
Definitions & sources
Original report: PDF p. 65 ↗
Statements of changes in equity — Company FY2025
6 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025CompanyTotal equity | 2025CompanyShare capital | 2025CompanyTreasury shares | 2025CompanyRetained earnings | Source |
|---|---|---|---|---|---|
| Current year | |||||
| Opening balance at 1 January 2025$’000 | 90,806 | 86,758 | (10,855) | 14,903 | PDF p. 66 |
| Current year — Changes in equity | |||||
| Total comprehensive income for the year$’000 | 6,240 | – | – | 6,240 | PDF p. 66 |
| Share buyback (Note 22)$’000 | (3,037) | – | (3,037) | – | PDF p. 66 |
| Issuance of ordinary shares (Note 22)$’000 | 693 | – | 693 | – | PDF p. 66 |
| Dividends paid (Note 12)$’000 | (10,426) | – | – | (10,426) | PDF p. 66 |
| Current year | |||||
| Closing balance at 31 December 2025$’000 | 84,276 | 86,758 | (13,199) | 10,717 | PDF p. 66 |
Definitions & sources
Original report: PDF p. 66 ↗
Statements of changes in equity — Company FY2024 (Restated)
5 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024CompanyTotal equity | 2024CompanyShare capital | 2024CompanyTreasury shares | 2024CompanyRetained earnings | Source |
|---|---|---|---|---|---|
| Previous year | |||||
| Opening balance at 1 January 2024$’000 | 86,271 | 86,758 | (11,535) | 11,048 | PDF p. 66 |
| Previous year — Changes in equity | |||||
| Total comprehensive income for the year (Restated)$’000 | 12,659 | – | – | 12,659 | PDF p. 66 |
| Issuance of ordinary shares (Note 22)$’000 | 680 | – | 680 | – | PDF p. 66 |
| Dividends paid (Note 12)$’000 | (8,804) | – | – | (8,804) | PDF p. 66 |
| Previous year | |||||
| Closing balance at 31 December 2024 (Restated)$’000 | 90,806 | 86,758 | (10,855) | 14,903 | PDF p. 66 |
Definitions & sources
Original report: PDF p. 66 ↗
Consolidated statement of cash flows
54 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Profit before tax$’000 | 12,185 | 14,379 | PDF p. 67 |
| Adjustments for | |||
| Interest income$’000 | (561) | – | PDF p. 67 |
| Interest expense$’000 | 6,441 | 5,372 | PDF p. 67 |
| Depreciation of plant and equipment and amortisation expenses$’000 | 5,921 | 5,025 | PDF p. 67 |
| Depreciation of right-of-use assets$’000 | 13,794 | 12,951 | PDF p. 67 |
| Loss on deemed disposal of associates - net (Note 29)$’000 | 19,820 | – | PDF p. 67 |
| Bargain purchase gain arising on consolidation (Note 29)$’000 | (15,664) | – | PDF p. 67 |
| (Gain) loss on disposal of plant and equipment$’000 | (341) | 26 | PDF p. 67 |
| Gain on disposal of subsidiary (Note 30)$’000 | – | (436) | PDF p. 67 |
| Impairment allowance on plant and equipment$’000 | – | 2,643 | PDF p. 67 |
| Impairment allowance on right-of-use asset$’000 | – | 126 | PDF p. 67 |
| Impairment loss on goodwill$’000 | – | 2,535 | PDF p. 67 |
| Impairment allowance on intangible assets$’000 | – | 100 | PDF p. 67 |
| Foreign exchange adjustment, net$’000 | 530 | 404 | PDF p. 67 |
| Plant and equipment written-off$’000 | 843 | 253 | PDF p. 67 |
| Share of results from equity – accounted associates$’000 | 103 | (134) | PDF p. 67 |
| Operating activities | |||
| Operating cash flows before changes in working capital$’000 | 43,071 | 43,244 | PDF p. 67 |
| Changes in working capital | |||
| Inventories$’000 | 440 | 1,250 | PDF p. 67 |
| Trade and other receivables$’000 | (781) | (1,645) | PDF p. 67 |
| Other non-financial assets, current$’000 | (2,611) | 342 | PDF p. 67 |
| Trade and other payables$’000 | (950) | (495) | PDF p. 67 |
| Provision$’000 | 130 | 10 | PDF p. 67 |
| Operating activities | |||
| Net cash flows from operations$’000 | 39,299 | 42,706 | PDF p. 67 |
| Income taxes paid$’000 | (2,396) | (2,598) | PDF p. 67 |
| Net cash flows from operating activities$’000 | 36,903 | 40,108 | PDF p. 67 |
| Cash flows from (used in) investing activities | |||
| Purchase of property, plant and equipment$’000 | (4,972) | (7,962) | PDF p. 67 |
| Disposals of plant and equipment$’000 | 961 | 889 | PDF p. 67 |
| Purchase of intangible assets$’000 | – | (152) | PDF p. 67 |
| Other receivables, current$’000 | (222) | 304 | PDF p. 67 |
| Other non-financial assets, non-current$’000 | 82 | 2,414 | PDF p. 67 |
| Other receivables, non-current$’000 | (1,228) | (577) | PDF p. 67 |
| Disposal of subsidiary (net of cash disposed) (Note 30)$’000 | – | (433) | PDF p. 67 |
| Interest received$’000 | 561 | – | PDF p. 67 |
| Acquisitions of subsidiaries (Note 29)$’000 | 8,084 | (800) | PDF p. 67 |
| Net cash flows from (used in) investing activities$’000 | 3,266 | (6,317) | PDF p. 67 |
| Cash flows from (used in) financing activities | |||
| Dividends paid to equity owners (Note 12)$’000 | (10,426) | (8,804) | PDF p. 68 |
| Lease liabilities – principal portion paid$’000 | (14,148) | (12,853) | PDF p. 68 |
| Lease liabilities – interest paid$’000 | (1,774) | (1,648) | PDF p. 68 |
| Proceeds from issuance of ordinary shares (Note 22(a))$’000 | – | 130 | PDF p. 68 |
| Proceeds from medium term notes$’000 | 130,000 | – | PDF p. 68 |
| Proceeds from term loans$’000 | 5,000 | 2,480 | PDF p. 68 |
| Proceeds from finance lease$’000 | – | 36 | PDF p. 68 |
| Share buy back$’000 | (3,037) | – | PDF p. 68 |
| Bill payable$’000 | 172 | (620) | PDF p. 68 |
| Share issue expenses$’000 | (195) | – | PDF p. 68 |
| Finance lease repayments$’000 | (13) | (53) | PDF p. 68 |
| Repayment of bank loans$’000 | (65,483) | (8,386) | PDF p. 68 |
| Interest paid$’000 | (4,667) | (3,724) | PDF p. 68 |
| Contribution by non-controlling interest$’000 | 7,268 | – | PDF p. 68 |
| Dividends paid to non-controlling interest$’000 | (123) | – | PDF p. 68 |
| Net cash flows from (used in) financing activities$’000 | 42,574 | (33,442) | PDF p. 68 |
| Cash and cash equivalents | |||
| Net increase in cash and cash equivalents in continuing operations$’000 | 82,743 | 349 | PDF p. 68 |
| Cash and cash equivalents, statement of cash flows, beginning balance of the year$’000 | 34,342 | 33,993 | PDF p. 68 |
| Cash and cash equivalents, statement of cash flows, ending balance of the year (Note 21)$’000 | 117,085 | 34,342 | PDF p. 68 |
Definitions & sources
Original report: PDF p. 67 ↗ PDF p. 68 ↗
The 2024 comparative is marked “(Restated)” in the printed statement header. The statement says: “The accompanying notes form an integral part of these financial statements.”
Per-share data: basic and diluted earnings per share
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group continuing operations | 2024Group continuing operations | Source |
|---|---|---|---|
| Earnings per share | |||
| Basic and diluted – continuing operationsCents per share | 0.98 | 1.51 | PDF p. 63 |
Definitions & sources
Original report: PDF p. 63 ↗
The accompanying notes form an integral part of these financial statements.
Earnings per share calculation details
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Numerators: earnings attributable to equity | |||
| Continuing operations: Profit attributable to equity holders$’000 | 9,312 | 14,264 | PDF p. 88 |
| Denominators: weighted average number of equity shares | |||
| Basic and diluted’000 shares | 946,675 | 947,355 | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
The weighted average number of ordinary shares refers to shares in issue outstanding during the reporting year. The weighted average number of ordinary shares outstanding during the period and for all periods presented are adjusted for events that have changed the number of ordinary shares outstanding without a corresponding change in resources. The basic earnings per share ratio is based on the weighted average number of ordinary shares outstanding during each reporting year. It is after the neutralisation by the treasury shares. There is no diluted effect on the earnings per share for the reporting years 2025 and 2024.
Reported and adjusted profit attributable to owners of the parent
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025FY2025, Group | 2024FY2024, Group | Source |
|---|---|---|---|
| Financial highlights | |||
| Profit after tax attributable to owners of the parentS$ million | 9.3 | 14.3 | PDF p. 17 |
| Profit after tax attributable to owners of the parent, excluding other gains/losses, MTN-related expenses, and PSP-related expensesS$ million | 17.0 | 16.9 | PDF p. 17 |
Definitions & sources
Original report: PDF p. 17 ↗
The report describes the second measure as excluding other gains/losses, MTN-related expenses, and PSP-related expenses; it does not label it with a separate formal measure name.
Dividends per share
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025FY2025 | 2024FY2024 | Source |
|---|---|---|---|
| Dividends on equity shares | |||
| Interim tax exempt dividend paidCents per share | 1.10 | 0.93 | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
The interim tax exempt dividend paid row includes the amounts paid in the statement’s $’000 columns: 10,426 for 2025 and 8,804 for 2024. The total FY2025 dividend is stated as 0.82 Singapore cents per share and includes the reported 0.40 and 0.42 Singapore cents interim dividends. Page 88 says the 0.42 cent second interim dividend was declared after the reporting year and would be paid on 26 March 2026.
Key Figures
8 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | Source |
|---|---|---|
| FY2025 Key Figures | ||
| RevenueS$ million | 197.2 | PDF p. 13 |
| EBITDAS$ million | 37.8 | PDF p. 13 |
| Profit Before TaxS$ million | 12.2 | PDF p. 13 |
| Cash PositionS$ million | 117.1 | PDF p. 13 |
| Current Ratiotimes | 4.8 | PDF p. 13 |
| Earnings Per Sharecents | 0.98 | PDF p. 13 |
| Dividend Payout Ratiopercent | 83 | PDF p. 13 |
| NAV Per Sharecents | 11.05 | PDF p. 13 |
Definitions & sources
Original report: PDF p. 13 ↗
Narrative dividend disclosures (source-specific years and per-share rates)
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; FY2025 dividend disclosures | Source |
|---|---|---|
| Dividends; first interim paid in September 2025 | ||
| First interim dividendSingapore cents per share | 0.40 | PDF p. 7 |
| Dividends; second interim paid in March 2026 in respect of FY2025 | ||
| Second interim dividendSingapore cents per share | 0.42 | PDF p. 17 |
| Dividends; full-year FY2025 | ||
| Total dividend for FY2025Singapore cents per share | 0.82 | PDF p. 7 |
| Dividends; FY2025 payout ratio | ||
| Dividend payout ratiopercent | 83 | PDF p. 17 |
Definitions & sources
Original report: PDF p. 7 ↗ PDF p. 17 ↗
No comparative cell was printed in the narrative; no dashes or zeros are inferred. Second interim rate was paid in March 2026 in respect of FY2025.
Interim dividend declared subsequent to reporting year
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company; in respect of FY2025; declared after year end, paid 26 March 2026 | Source |
|---|---|---|
| Dividends on equity shares | ||
| 2nd interim dividend declared subsequent to reporting yearcent per share | 0.42 | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
The annual report states a 2nd interim dividend of 0.42 cent per share in respect of the current year; paid on 26 March 2026.
Income-statement review FY2025/FY2024 — 2025 / 2024
13 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income-statement review FY2025/FY2024 | |||
| Group total revenueS$ million | 197.2 | 180.7 | PDF p. 16 |
| Core dental business revenueS$ million | 195.0 | 173.8 | PDF p. 16 |
| Core dental business revenue share% | 99 | 96 | PDF p. 16 |
| Other businesses revenue share% | 1 | 4 | PDF p. 16 |
| Cost of sales for core dental businessS$ million | 25.0 | 18.4 | PDF p. 16 |
| Core dental cost of sales as a percentage of core dental revenue% | 12.8 | 10.6 | PDF p. 16 |
| Cost of sales from other businessesS$ million | 0.5 | 2.1 | PDF p. 16 |
| Other-business cost of sales as percentage of other-business revenue% | 23.0 | 29.9 | PDF p. 16 |
| Employee benefits expenseS$ million | 115.0 | 105.9 | PDF p. 16 |
| Employee benefits expense as percentage of revenue% | 58.3 | 58.6 | PDF p. 16 |
| Depreciation and amortisation expenseS$ million | 5.9 | 5.0 | PDF p. 16 |
| Depreciation and amortisation as percentage of revenue% | 3.0 | 2.8 | PDF p. 16 |
| Depreciation of right-of-use assetsS$ million | 13.8 | 13.0 | PDF p. 16 |
Definitions & sources
Original report: PDF p. 16 ↗
Narrative financial review values are rounded S$ million/% literals as printed, distinct from audited $’000 statement tables. Source-reported percent changes and movement amounts are retained in source_table_cells.reported_change_or_context_raw and original row quote.
Income-statement review FY2024/FY2025 — 2024 / 2025
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group | 2025Group | Source |
|---|---|---|---|
| Income-statement review FY2024/FY2025 | |||
| Revenue from other businessesS$ million | 6.9 | 2.2 | PDF p. 16 |
Definitions & sources
Original report: PDF p. 16 ↗
Narrative financial review values are rounded S$ million/% literals as printed, distinct from audited $’000 statement tables. Source-reported percent changes and movement amounts are retained in source_table_cells.reported_change_or_context_raw and original row quote.
Income-statement review FY2025 only — 2025
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | Source |
|---|---|---|
| Income-statement review FY2025 only | ||
| Net other lossesS$ million | 4.6 | PDF p. 16 |
| Performance Share Plan expense awarded to employeesS$ million | 0.7 | PDF p. 16 |
Definitions & sources
Original report: PDF p. 16 ↗
Narrative financial review values are rounded S$ million/% literals as printed, distinct from audited $’000 statement tables. Source-reported percent changes and movement amounts are retained in source_table_cells.reported_change_or_context_raw and original row quote.
Income-statement review FY2025/FY2024 — 2025 / 2024
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Income-statement review FY2025/FY2024 | |||
| Depreciation of right-of-use assets as percentage of revenue% | 7.0 | 7.2 | PDF p. 17 |
| Other expensesS$ million | 14.3 | 12.1 | PDF p. 17 |
| Other expenses as percentage of revenue% | 7.3 | 6.7 | PDF p. 17 |
| Finance costsS$ million | 6.4 | 5.4 | PDF p. 17 |
| Finance costs as percentage of revenue% | 3.3 | 3.0 | PDF p. 17 |
| Profit after tax attributable to owners of the parentS$ million | 9.3 | 14.3 | PDF p. 17 |
| Adjusted profit after tax attributable to owners of the parentS$ million | 17.0 | 16.9 | PDF p. 17 |
Definitions & sources
Original report: PDF p. 17 ↗
Narrative financial review values are rounded S$ million/% literals as printed, distinct from audited $’000 statement tables. Source-reported percent changes and movement amounts are retained in source_table_cells.reported_change_or_context_raw and original row quote.
Income-statement review FY2025 only — 2025
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | Source |
|---|---|---|
| Income-statement review FY2025 only | ||
| Share of loss from equity-accounted associatesS$ million | 0.1 | PDF p. 17 |
Definitions & sources
Original report: PDF p. 17 ↗
Narrative financial review values are rounded S$ million/% literals as printed, distinct from audited $’000 statement tables. Source-reported percent changes and movement amounts are retained in source_table_cells.reported_change_or_context_raw and original row quote.
Balance-sheet review FY2025/FY2024 — 2025 / 2024
7 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Balance-sheet review FY2025/FY2024 | |||
| Cash and cash equivalentsS$ million | 117.1 | 34.3 | PDF p. 17 |
| Bank borrowings and finance leasesS$ million | 143.4 | 73.7 | PDF p. 17 |
| InventoryS$ million | 12.3 | 10.6 | PDF p. 17 |
| Trade and other receivablesS$ million | 41.3 | 36.0 | PDF p. 17 |
| Other current assetsS$ million | 7.4 | 3.2 | PDF p. 17 |
| Property, plant and equipment net book valueS$ million | 40.4 | 37.1 | PDF p. 17 |
| Right-of-use assets net book valueS$ million | 42.8 | 38.2 | PDF p. 17 |
Definitions & sources
Original report: PDF p. 17 ↗
Narrative financial review values are rounded S$ million/% literals as printed, distinct from audited $’000 statement tables. Source-reported percent changes and movement amounts are retained in source_table_cells.reported_change_or_context_raw and original row quote.
Balance-sheet review FY2025/FY2024 — 2025 / 2024
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Balance-sheet review FY2025/FY2024 | |||
| Investment in associatesS$ million | 0.02 | 25.8 | PDF p. 18 |
| GoodwillS$ million | 75.2 | 52.4 | PDF p. 18 |
| Other intangible assetsS$ million | 6.0 | 0.4 | PDF p. 18 |
| Other receivablesS$ million | 4.2 | 2.9 | PDF p. 18 |
| Other assetsS$ million | 5.8 | 6.5 | PDF p. 18 |
| Trade and other payablesS$ million | 22.6 | 18.6 | PDF p. 18 |
| Current other financial liabilitiesS$ million | 0.7 | 0.5 | PDF p. 18 |
| Current lease liabilitiesS$ million | 12.2 | 10.9 | PDF p. 18 |
| Non-current other financial liabilitiesS$ million | 142.7 | 73.2 | PDF p. 18 |
Definitions & sources
Original report: PDF p. 18 ↗
Narrative financial review values are rounded S$ million/% literals as printed, distinct from audited $’000 statement tables. Source-reported percent changes and movement amounts are retained in source_table_cells.reported_change_or_context_raw and original row quote.
Cash-flow review FY2025 only — 2025
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | Source |
|---|---|---|
| Cash-flow review FY2025 only | ||
| Net cash from operating activitiesS$ million | 36.9 | PDF p. 18 |
| Net cash from investing activitiesS$ million | 3.3 | PDF p. 18 |
| Net cash from financing activitiesS$ million | 42.6 | PDF p. 18 |
Definitions & sources
Original report: PDF p. 18 ↗
Narrative financial review values are rounded S$ million/% literals as printed, distinct from audited $’000 statement tables. Source-reported percent changes and movement amounts are retained in source_table_cells.reported_change_or_context_raw and original row quote.
Interim dividend cash amounts paid
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group; cash paid during reporting year | 2024Group; cash paid during reporting year | Source |
|---|---|---|---|
| Dividends on equity shares | |||
| Interim tax exempt dividend paidSGD thousand | 10,426 | 8,804 | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
Cash dividends paid during the year differ from dividends declared in respect of the financial year.
Second interim dividend total declared after year end
1 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Company; in respect of FY2025, paid 26 March 2026 | Source |
|---|---|---|
| Declared after year end | ||
| Second interim dividend totalSGD | 3,967,000 | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
Source Note 12 states 0.42 cent per share declared after FY2025 year end in respect of the current year.
Where the money comes from
Segment information
By business
Profit or loss by operating segment 13 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Segment revenue | |||
| Core dental business$'000 | 195,002 | 173,787 | PDF p. 81 |
| Other businesses$'000 | 2,224 | 6,887 | PDF p. 81 |
| Total$'000 | 197,226 | 180,674 | PDF p. 81 |
| Segment results | |||
| Core dental business$'000 | 30,164 | 28,252 | PDF p. 81 |
| Other businesses$'000 | (1,856) | (6,773) | PDF p. 81 |
| Unallocated – corporate expenses$'000 | (11,864) | (7,670) | PDF p. 81 |
| Loss on deemed disposal of associates – net$'000 | (19,820) | – | PDF p. 81 |
| Bargain purchase gain arising on consolidation$'000 | 15,664 | – | PDF p. 81 |
| Gain on deemed disposal of subsidiary$'000 | – | 436 | PDF p. 81 |
| Share of (loss) profit from equity – accounted associates$'000 | (103) | 134 | PDF p. 81 |
| Profit before tax from continuing operations$'000 | 12,185 | 14,379 | PDF p. 81 |
| Income tax expense$'000 | (2,266) | (1,686) | PDF p. 81 |
| Profit from continuing operations, net of tax$'000 | 9,919 | 12,693 | PDF p. 81 |
Segment assets and reconciliation 4 lines
Segment liabilities and reconciliation 3 lines
Other material items: impairment and expenditure for non-current assets 4 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Impairment of assets | |||
| Other businesses$'000 | – | (6,053) | PDF p. 82 |
| Expenditure for non-current assets | |||
| Core dental business$'000 | 4,962 | 7,898 | PDF p. 82 |
| Other businesses$'000 | 10 | 64 | PDF p. 82 |
| Total$'000 | 4,972 | 7,962 | PDF p. 82 |
Other material items: depreciation, amortisation and finance costs 9 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Depreciation of property, plant and equipment and amortisation of intangible assets | |||
| Core dental business$'000 | 5,419 | 4,308 | PDF p. 82 |
| Other businesses$'000 | 502 | 717 | PDF p. 82 |
| Total$'000 | 5,921 | 5,025 | PDF p. 82 |
| Depreciation of right-of-use assets | |||
| Core dental business$'000 | 13,345 | 12,177 | PDF p. 82 |
| Other businesses$'000 | 449 | 774 | PDF p. 82 |
| Total$'000 | 13,794 | 12,951 | PDF p. 82 |
| Finance costs | |||
| Core dental business$'000 | 6,439 | 5,336 | PDF p. 82 |
| Other businesses$'000 | 2 | 36 | PDF p. 82 |
| Total$'000 | 6,441 | 5,372 | PDF p. 82 |
By geography
Geographical information 8 lines
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Revenue | |||
| Singapore$'000 | 166,590 | 167,319 | PDF p. 83 |
| Malaysia$'000 | 12,712 | 13,355 | PDF p. 83 |
| People’s Republic of China$'000 | 17,924 | – | PDF p. 83 |
| Total$'000 | 197,226 | 180,674 | PDF p. 83 |
| Non-current assets | |||
| Singapore$'000 | 139,093 | 133,756 | PDF p. 83 |
| Malaysia$'000 | 5,378 | 4,799 | PDF p. 83 |
| People’s Republic of China$'000 | 29,834 | 24,784 | PDF p. 83 |
| Total$'000 | 174,305 | 163,339 | PDF p. 83 |
Notes
Revenues are attributed to countries on the basis of the customer’s location, irrespective of the origin of the goods and services. The non-current assets are analysed by the geographical area in which the assets are located.
Debt
Borrowings
Borrowing notes 4 tables
Other financial liabilities (borrowings), non-current and current
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current | |||||
| Bank loans (Note 28A)$'000 | 12,723 | 73,209 | 6,906 | 67,167 | PDF p. 113 |
| Finance leases (Note 28B)$'000 | 19 | 30 | – | – | PDF p. 113 |
| Non-current, total$'000 | 142,742 | 73,239 | 136,906 | 67,167 | PDF p. 113 |
| Current | |||||
| Bank loans (Note 28A)$'000 | 501 | 489 | 246 | 246 | PDF p. 113 |
| Finance leases (Note 28B)$'000 | 13 | 15 | – | – | PDF p. 113 |
| Current, total$'000 | 686 | 504 | 246 | 246 | PDF p. 113 |
| Total | |||||
| Total$'000 | 143,428 | 73,743 | 137,152 | 67,413 | PDF p. 113 |
Notes
Blank cells (MTN 2024; Group Bills payable 2024) are not printed in the source and are left empty; not inferred as zero.
Bills payable row prints only '172 – –'; the dash placement relative to columns is ambiguous in the text layer.
Bank loans are secured by first legal assignment of rights under tenancy agreements and rental income, and legal mortgage over properties (Note 13) (Note 28A). Finance leases are secured by the lessor's charge over leased assets. Bills payable are secured/covered by Facilities Agreement, corporate guarantee by the Company, guarantees by certain directors of the subsidiary, negative pledge, fixed deposit and Trade Financing General Agreement. MTN security not reviewed.
Non-current portion of other financial liabilities repayable as follows
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| The non-current portion is repayable as follows | |||||
| Due within 2 to 5 years$'000 | 134,523 | 64,538 | 133,483 | 63,542 | PDF p. 113 |
| Due after 5 years$'000 | 8,219 | 8,701 | 3,423 | 3,625 | PDF p. 113 |
| Total non-current portion$'000 | 142,742 | 73,239 | 136,906 | 67,167 | PDF p. 113 |
Notes
Current portion (due within one year) is shown in the Current section of the preceding table.
Interest rates on borrowings
| Item / unit | 2025% | 2024% | Source |
|---|---|---|---|
| Weighted effective interest rates paid | |||
| Medium term loan% | 3.95 | – | PDF p. 114 |
Notes
The floating debt instruments are with interest rates that are re-set regularly at one, three or six month intervals. The exposure of the borrowings to interest rate changes and the contractual repricing dates at the end of the reporting years was below six months.
Finance leases: fixed rate of interest 5.70% (2024: 5.70%) per annum; average lease term 5 years. Bills payable maturity period 90 days (2024: 90 days).
Covenants (Note 28A): consolidated shareholders' equity not less than $60,000,000; net debt to equity not exceeding 1.75 to 2:1; EBITDA to interest expense not less than 1.75 to 1.
Lease liabilities (current and non-current)
| Item / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Lease liabilities | |||||
| Lease liabilities, current$'000 | 12,186 | 10,923 | 301 | 258 | PDF p. 110 |
| Lease liabilities, non-current$'000 | 32,881 | 30,714 | 1,402 | 1,185 | PDF p. 110 |
Notes
Subtotal row printed: 45,067 41,637 1,703 1,443 (no label). Weighted average incremental borrowing rate on lease liabilities is between 1.68% and 6% (page 112, not fully read).
Payout
Dividends & distributions
Dividend policy
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend policy | The Company has adopted a dividend policy of paying dividends of at least 30% of the Group’s core operating earnings, excluding other one-time income and share of associate profits. | Company policy | PDF p. 47 |
Dividends declared and proposed
| Item | Value | Period / scope | Source |
|---|---|---|---|
| first interim dividend | 0.40 Singapore cents per share | FY2025 first interim dividend, per share | PDF p. 17 |
| second interim dividend | 0.42 Singapore cents per share | FY2025 second interim dividend, per share, declared after reporting year end | PDF p. 88 |
| full-year dividend | 0.82 Singapore cents per share | FY2025 total dividend | PDF p. 7 |
| Interim tax exempt dividend paid of 1.10 (2024: 0.93) cents per share | 1.10 cents per share | Group, dividends paid during 2025 (comparative 2024: 0.93 cents per share) | PDF p. 88 |
| interim dividend | S$0.007 per share | Announced 1 March 2025, paid 26 March 2025, during FY2025 | PDF p. 47 |
Extracted from ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| RSM SG Assurance LLP | RSM SG Assurance LLP | Group and Company, year ended 31 December 2025 | PDF p. 62 |
| Engagement partner | Goh Swee Hong | Group and Company | PDF p. 62 |
| Opinion | properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS (I)”) so as to give a true and fair view | Group and Company, 31 December 2025 · As at 2025-12-31 | PDF p. 57 |
Key audit matters
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Assessment of impairment of goodwill | As at 31 December 2025, the carrying value of the Group’s goodwill amounted to $75,151,000 and accounted for approximately 21% of the Group’s total assets. | Group · As at 2025-12-31 | PDF p. 57 |
| Assessment of impairment of investment in subsidiaries and receivables from subsidiaries balances | The total net carrying amount of the investments and receivables accounted for approximately 69% of the Company’s total assets as at the end of the reporting year. | Company · As at 2025-12-31 | PDF p. 59 |
| Business combination and purchase price allocation | We consider audit and accounting of these acquisitions to be a key audit matter since these acquisitions require significant management judgement regarding allocation of the purchase price to assets and liabilities acquired, fair valuation of assets and liabilities acquired, and identification of intangible assets acquired through business combination. | Group | PDF p. 60 |
Extracted from ANNUAL REPORT 2025 and checked against the cited pages; see the original report for full context.
How to read these figures
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow ANNUAL REPORT 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
A full physical-page text search of pages 1–144 found no five-year financial summary/highlights table. Five-year phrases elsewhere concern DCF forecast horizons, lease terms and director tenure; physical page 13 contains a single-year FY2025 Key Figures scorecard.
The auditor reports consolidated Group profit/loss, OCI and cash flows plus Company position/equity statements; no separate Company profit/loss, OCI or cash-flow statement is presented.
2024 audited statement comparatives are marked Restated. FY2024 and FY2025 equity are split into separate component tables preserving all printed scope/year blocks. Narrative FY2025/FY2024 comparisons are reported in separately labelled rounded S$ million tables.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.