Amcorp Global S9B

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Financials

Annual Report 2026

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14 tables

Statements of Financial Position – Assets (Group and Company)

14 metrics

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Statements of Financial Position – Assets (Group and Company) from Annual Report 2026
Metric / unit 2026Group2025Group2026Company2025Company Source
Non-current assets
Property, plant and equipment$'000 261414260413 PDF p. 76
Investment in subsidiaries$'000 ––14,27613,349 PDF p. 76
Investment in associates$'000 5,3715,263–– PDF p. 76
Investment in a joint venture$'000 8,0076,175–– PDF p. 76
Deferred tax assets$'000 1467–– PDF p. 76
Total non-current assets$'000 13,65311,91914,53613,762 PDF p. 76
Current assets
Development expenditures$'000 1,4891,538–– PDF p. 76
Contract assets$'000 38120,742–– PDF p. 76
Completed properties and land held for sale$'000 44,04744,491–– PDF p. 76
Trade receivables$'000 775––– PDF p. 76
Other receivables$'000 36463137,39248,494 PDF p. 76
Deposits, cash and bank balances$'000 39,36520,66313,3396,301 PDF p. 76
Total current assets$'000 86,42188,06550,73154,795 PDF p. 76
ASSETS
TOTAL ASSETS$'000 100,07499,98465,26768,557 PDF p. 76
Definitions & sources

Original report: PDF p. 76 ↗

Completed properties and land held for sale label wraps across two lines in source; quote is second line only. Note references column omitted from values.

Statements of Financial Position – Liabilities and Equity (Group and Company)

17 metrics

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Statements of Financial Position – Liabilities and Equity (Group and Company) from Annual Report 2026
Metric / unit 2026Group2025Group2026Company2025Company Source
Equity
Share capital$'000 142,301142,301142,301142,301 PDF p. 77
Other reserves$'000 (6,213)(7,399)–– PDF p. 77
Accumulated losses$'000 (68,212)(67,187)(78,299)(74,583) PDF p. 77
Equity attributable to equity holders of the company$'000 67,87667,71564,00267,718 PDF p. 77
Non-controlling interests$'000 1,289253–– PDF p. 77
TOTAL EQUITY$'000 69,16567,96864,00267,718 PDF p. 77
Non-current liabilities
Bank borrowing$'000 20,00020,000–– PDF p. 77
Lease liabilities$'000 145252145252 PDF p. 77
Total non-current liabilities$'000 20,14520,252145252 PDF p. 77
Current liabilities
Trade payables$'000 2,8024,484–– PDF p. 77
Other liabilities$'000 6,4305,5871,014483 PDF p. 77
Contract liabilities$'000 1,1871,557–– PDF p. 77
Lease liabilities$'000 106104106104 PDF p. 77
Income tax payables$'000 23932–– PDF p. 77
Total current liabilities$'000 10,76411,7641,120587 PDF p. 77
Liabilities
TOTAL LIABILITIES$'000 30,90932,0161,265839 PDF p. 77
Liabilities and equity
TOTAL EQUITY AND LIABILITIES$'000 100,07499,98465,26768,557 PDF p. 77
Definitions & sources

Original report: PDF p. 77 ↗

Equity attributable label wraps across two lines; quote is second line only. Note references omitted from values.

Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group)

24 metrics

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Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group) from Annual Report 2026
Metric / unit 2026Group2025Group Source
Profit or loss
Revenue$'000 6,4395,646 PDF p. 78
Cost of sales$'000 (4,169)(5,474) PDF p. 78
Gross profit$'000 2,270172 PDF p. 78
Other operating income/gains$'000 2,22912,155 PDF p. 78
Selling and distribution costs$'000 –(180) PDF p. 78
Administrative expenses$'000 (3,273)(3,972) PDF p. 78
Other operating expenses$'000 (982)(2,198) PDF p. 78
Impairment loss on other receivables$'000 –(1,164) PDF p. 78
Finance costs$'000 (573)(2,576) PDF p. 78
Share of results of associates$'000 (299)(663) PDF p. 78
Share of result of a joint venture$'000 18(26) PDF p. 78
(Loss)/profit before tax$'000 (610)1,548 PDF p. 78
Tax (expense)/credit$'000 (524)296 PDF p. 78
(Loss)/profit for the year$'000 (1,134)1,844 PDF p. 78
Other comprehensive income – items that are or may be reclassified subsequently to profit or loss
Currency translation differences arising from consolidation$'000 1,1861,297 PDF p. 78
Other comprehensive income – items that will not be reclassified subsequently to profit or loss
Currency translation differences arising from consolidation$'000 18(29) PDF p. 78
Other comprehensive income
Total comprehensive income for the year$'000 703,112 PDF p. 78
(Loss)/profit attributable to
Equity holders of the Company$'000 (1,025)2,249 PDF p. 78
Non-controlling interests$'000 (109)(405) PDF p. 78
Subtotal$'000 (1,134)1,844 PDF p. 78
Total comprehensive income/(loss) attributable to
Equity holders of the Company$'000 1613,546 PDF p. 78
Non-controlling interests$'000 (91)(434) PDF p. 78
Subtotal$'000 703,112 PDF p. 78
(Loss)/earnings per share attributable to equity holders of the Company
Basic and diluted (loss)/earnings per share (cents)cents per share (0.23)0.50 PDF p. 78
Definitions & sources

Original report: PDF p. 78 ↗

Only a consolidated Group statement is printed; no separate Company income statement was found on the pages read. Note references omitted from values.

Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group)

8 metrics

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Consolidated Statement of Profit or Loss and Other Comprehensive Income (Group) from Annual Report 2026
Metric / unit 2026Group, $'0002025Group, $'000 Source
Profit
(Loss)/profit for the year$'000 (1,134)1,844 PDF p. 78
Items that are or may be reclassified subsequently to profit or loss
Currency translation differences arising from consolidation$'000 1,1861,297 PDF p. 78
Items that will not be reclassified subsequently to profit or loss
Currency translation differences arising from consolidation$'000 18(29) PDF p. 78
Total comprehensive income
Total comprehensive income for the year$'000 703,112 PDF p. 78
(Loss)/profit attributable to
Equity holders of the Company$'000 (1,025)2,249 PDF p. 78
Non-controlling interests$'000 (109)(405) PDF p. 78
Total comprehensive income/(loss) attributable to
Equity holders of the Company$'000 1613,546 PDF p. 78
Non-controlling interests$'000 (91)(434) PDF p. 78
Definitions & sources

Original report: PDF p. 78 ↗

Total of attribution rows: (1,134) 1,844 for profit; 70 3,112 for total comprehensive income, as printed.

Consolidated Statement of Changes in Equity (Group) - FY2026

7 metrics

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Consolidated Statement of Changes in Equity (Group) - FY2026 from Annual Report 2026
Metric / unit 2026Share capital, $'0002026Other reserves (Note 15), $'0002026Accumulated losses, $'0002026Equity attributable to equity holders of the Company, $'0002026Non-controlling interests, $'0002026Total equity, $'000 Source
Group 2026
Balance as at 1 April 2025$'000 142,301(7,399)(67,187)67,71525367,968 PDF p. 79
Loss for the year$'000 ––(1,025)(1,025)(109)(1,134) PDF p. 79
Group 2026 - Other comprehensive income for the year
- Currency translation difference arising from consolidation$'000 –1,186–1,186181,204 PDF p. 79
Group 2026
Total comprehensive income/(loss) for the year$'000 –1,186(1,025)161(91)70 PDF p. 79
Group 2026 - Distributions to owners
Repayment of equity loan to non-controlling interests (Note 5(b))$'000 ––––(377)(377) PDF p. 79
Reclassification of amount due to non-controlling interests to equity (Note 19)$'000 ––––1,5041,504 PDF p. 79
Group 2026
Balance as at 31 March 2026$'000 142,301(6,213)(68,212)67,8761,28969,165 PDF p. 79
Definitions & sources

Original report: PDF p. 79 ↗

Multi-line labels wrap in the source; quotes for wrapped rows show the numeric line.

Consolidated Statement of Changes in Equity (Group) - FY2025 comparative

6 metrics

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Consolidated Statement of Changes in Equity (Group) - FY2025 comparative from Annual Report 2026
Metric / unit 2025Share capital, $'0002025Other reserves (Note 15), $'0002025Accumulated losses, $'0002025Equity attributable to equity holders of the Company, $'0002025Non-controlling interests, $'0002025Total equity, $'000 Source
Group 2025
Balance as at 1 April 2024$'000 142,301(8,696)(69,436)64,16995165,120 PDF p. 79
Profit/(loss) for the year$'000 ––2,2492,249(405)1,844 PDF p. 79
Group 2025 - Other comprehensive income/(loss) for the year
- Currency translation difference arising from consolidation$'000 –1,297–1,297(29)1,268 PDF p. 79
Group 2025
Total comprehensive income/(loss) for the year$'000 –1,2972,2493,546(434)3,112 PDF p. 79
Group 2025 - Distributions to owners
Dividend paid to non-controlling interests$'000 ––––(264)(264) PDF p. 79
Group 2025
Balance as at 31 March 2025$'000 142,301(7,399)(67,187)67,71525367,968 PDF p. 79
Definitions & sources

Original report: PDF p. 79 ↗

Statement of Changes in Equity (Company)

3 metrics

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Statement of Changes in Equity (Company) from Annual Report 2026
Metric / unit 2026Company FY2026 Share capital, $'0002026Company FY2026 Accumulated losses, $'0002026Company FY2026 Total equity, $'000 Source
Company 2026
Balance as at 1 April 2025$'000 142,301(74,583)67,718 PDF p. 80
Loss for the year, representing total comprehensive loss for the year$'000 –(3,716)(3,716) PDF p. 80
Balance as at 31 March 2026$'000 142,301(78,299)64,002 PDF p. 80
Definitions & sources

Original report: PDF p. 80 ↗

Company FY2025 comparative is in the following table.

Statement of Changes in Equity (Company) - FY2025 comparative

3 metrics

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Statement of Changes in Equity (Company) - FY2025 comparative from Annual Report 2026
Metric / unit 2025Company FY2025 Share capital, $'0002025Company FY2025 Accumulated losses, $'0002025Company FY2025 Total equity, $'000 Source
Company 2025
Balance as at 1 April 2024$'000 142,301(74,564)67,737 PDF p. 80
Loss for the year, representing total comprehensive loss for the year$'000 –(19)(19) PDF p. 80
Balance as at 31 March 2025$'000 142,301(74,583)67,718 PDF p. 80
Definitions & sources

Original report: PDF p. 80 ↗

Consolidated Statement of Cash Flows (Group) - operating activities

27 metrics

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Consolidated Statement of Cash Flows (Group) - operating activities from Annual Report 2026
Metric / unit 2026Group, $'0002025Group, $'000 Source
Cash flows from operating activities
(Loss)/profit before tax$'000 (610)1,548 PDF p. 81
Adjustments for
Share of results of associates$'000 299663 PDF p. 81
Share of result of a joint venture$'000 (18)26 PDF p. 81
Loss on disposal of investment property$'000 –211 PDF p. 81
Gain on disposal of property, plant and equipment$'000 –(7) PDF p. 81
Completed properties and land held for sale written down$'000 1931,988 PDF p. 81
Impairment loss on other receivables$'000 –1,164 PDF p. 81
Reversal of impairment loss on amount due from an associate$'000 (140)– PDF p. 81
Amortisation of capitalised contract costs$'000 –186 PDF p. 81
Depreciation of property, plant and equipment$'000 153157 PDF p. 81
Amortisation of financial guarantee liabilities$'000 –(100) PDF p. 81
Interest income$'000 (512)(513) PDF p. 81
Interest expenses$'000 5732,576 PDF p. 81
Reversal of provision for Additional Buyer’s Stamp Duty (“ABSD”)$'000 –(8,900) PDF p. 81
Foreign exchange differences$'000 67(88) PDF p. 81
Operating
Operating cash flows before movements in working capital$'000 5(1,089) PDF p. 81
Working capital
Trade receivables$'000 (775)1,511 PDF p. 81
Other receivables$'000 3941,524 PDF p. 81
Contract assets$'000 22,53662,745 PDF p. 81
Development expenditures$'000 17510 PDF p. 81
Completed properties and land held for sale$'000 1,166422 PDF p. 81
Trade payables$'000 (1,733)(8,725) PDF p. 81
Other payables$'000 322(854) PDF p. 81
Contract liabilities$'000 (370)(26) PDF p. 81
Operating
Cash generated from operations$'000 21,56256,018 PDF p. 81
Income tax paid$'000 (269)(239) PDF p. 81
Net cash generated from operating activities$'000 21,29355,779 PDF p. 81
Definitions & sources

Original report: PDF p. 81 ↗

Consolidated Statement of Cash Flows (Group) - investing, financing and closing cash

21 metrics

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Consolidated Statement of Cash Flows (Group) - investing, financing and closing cash from Annual Report 2026
Metric / unit 2026Group, $'0002025Group, $'000 Source
Cash flows from investing activities
Acquisition of joint venture through a subsidiary (Note 7)$'000 –(5,435) PDF p. 82
Additional investment in joint venture$'000 (1,814)(762) PDF p. 82
Proceeds from disposal of property, plant and equipment$'000 –7 PDF p. 82
Proceeds from disposal of investment property$'000 –1,006 PDF p. 82
Receipt of loan receivable from associates$'000 140244 PDF p. 82
Proceeds received from the liquidation of associates$'000 73– PDF p. 82
Advances to associates$'000 (480)(589) PDF p. 82
Interest received$'000 374534 PDF p. 82
Net cash used in investing activities$'000 (1,707)(4,995) PDF p. 82
Cash flows from financing activities
Interest paid$'000 (600)(2,843) PDF p. 82
Dividend paid to non-controlling interests$'000 –(264) PDF p. 82
Drawdown of borrowings$'000 –20,983 PDF p. 82
Repayment of borrowings$'000 –(76,065) PDF p. 82
Repayment of lease liabilities$'000 (113)(110) PDF p. 82
Repayment of equity loans to non-controlling interests$'000 (377)– PDF p. 82
(Increase)/decrease in pledged deposit$'000 (2)157 PDF p. 82
Net cash used in financing activities$'000 (1,092)(58,142) PDF p. 82
Net change in cash
Net increase/(decrease) in cash and cash equivalents$'000 18,494(7,358) PDF p. 82
Cash and cash equivalents at beginning of the year$'000 20,16327,026 PDF p. 82
Effect of foreign exchange rate changes of cash and cash equivalents$'000 206495 PDF p. 82
Cash and cash equivalents at end of the year (Note 13)$'000 38,86320,163 PDF p. 82
Definitions & sources

Original report: PDF p. 82 ↗

Reconciliation of movements of liabilities to cash flows arising from financing activities (Group)

4 metrics

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Reconciliation of movements of liabilities to cash flows arising from financing activities (Group) from Annual Report 2026
Metric / unit 2026Bank borrowing (Note 16), $'0002026Lease liabilities (Note 17), $'0002026Accrued interest (Note 19), $'0002026Total, $'000 Source
FY2026
Balance as at 1 April 2025$'000 20,0003569020,446 PDF p. 83
FY2026 Changes from financing cash flows
- Repayment$'000 –(113)(600)(713) PDF p. 83
FY2026 Non-cash changes
- Interest expenses$'000 –8565573 PDF p. 83
FY2026
Balance as at 31 March 2026$'000 20,0002515520,306 PDF p. 83
Definitions & sources

Original report: PDF p. 83 ↗

FY2025 comparative rows (1 April 2024 balance 75,082/455/368/75,905; proceeds 20,983; repayment (76,065)/(110)/(2,843)/(79,018); interest 2,576; 31 March 2025 balance 20,000/356/90/20,446) are printed on the same page but not tabulated here.

Financial Highlights

12 metrics

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Financial Highlights from Annual Report 2026
Metric / unit 2026Group, FY2026 (year ended 31 March 2026)2025Group, FY2025 (year ended 31 March 2025) Source
Financial Results
Revenue$'000 6,4395,646 PDF p. 6
Gross profit$'000 2,270172 PDF p. 6
(Loss)/earnings before interest, tax, depreciation and amortisation (“EBITDA”)$'000 (396)3,854 PDF p. 6
(Loss)/profit for the year$'000 (1,134)1,844 PDF p. 6
Financial Position
Current assets$'000 86,42188,065 PDF p. 6
Total assets$'000 100,07499,984 PDF p. 6
Current liabilities$'000 10,76411,764 PDF p. 6
Total liabilities$'000 30,90932,016 PDF p. 6
Total debts (including bank borrowings and other liabilities)$'000 20,00020,000 PDF p. 6
Equity attributable to owners of the Company$'000 67,87667,715 PDF p. 6
Total equity$'000 69,16567,968 PDF p. 6
Net asset value per share (cents)*cents 15.1715.14 PDF p. 6
Definitions & sources

Original report: PDF p. 6 ↗

* Non-controlling interests are not included in the computation of net asset value per share (cents).

EBITDA label wraps across two lines: '(Loss)/earnings before interest, tax, depreciation and amortisation' / '(“EBITDA”)'.

Financial Highlights - Debt to Asset Ratio chart (times)

1 metrics

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Financial Highlights - Debt to Asset Ratio chart (times) from Annual Report 2026
Metric / unit 2026Group, FY20262025Group, FY2025 Source
Charts
Debt to Asset Ratio (times)times 0.200.20 PDF p. 6
Definitions & sources

Original report: PDF p. 6 ↗

Chart data labels; text lists 'Debt to Asset Ratio (times)' as chart title, FY2026 and FY2025 axis labels.

Note 27 (Loss)/earnings per share

3 metrics

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Note 27 (Loss)/earnings per share from Annual Report 2026
Metric / unit 2026Group, year ended 31 March 20262025Group, year ended 31 March 2025 Source
Note 27
(Loss)/earnings attributable to the equity holders of the Company ($’000)$'000 (1,025)2,249 PDF p. 122
Weighted average number of ordinary shares for basic and diluted (loss)/earnings per share computation (’000)'000 shares 447,402447,402 PDF p. 122
Basic and diluted (loss)/earnings per share (cents)cents (0.23)0.50 PDF p. 122
Definitions & sources

Original report: PDF p. 122 ↗

There are no dilutive ordinary shares for financial year ended 31 March 2026 and 31 March 2025.

Where the money comes from

Segment information

By geography

Geographical information - Revenue (by location of customers) 4 lines
Geographical information - Revenue (by location of customers)
Item / unit 2026Group revenue2025Group revenue Source
Revenue by geography
Singapore$'000 –2,441 PDF p. 125
Malaysia$'000 5,9103,039 PDF p. 125
Vietnam$'000 529166 PDF p. 125
Total$'000 6,4395,646 PDF p. 125
Notes

Segment revenue is analysed based on the location of customers.

Total row has no printed label.

The Group's only reportable segment is property division in FY2026 and FY2025, so no segment information is disclosed.

Geographical information - Non-current assets (by location of assets) 3 lines
Geographical information - Non-current assets (by location of assets)
Item / unit 2026Group non-current assets2025Group non-current assets Source
Non-current assets by geography
Singapore$'000 261413 PDF p. 125
Malaysia$'000 –1 PDF p. 125
Total$'000 261414 PDF p. 125
Notes

Segment non-current assets (excluding investment in associates, investment in a joint venture and deferred tax assets) are analysed based on the location of those assets.

Total row has no printed label.

The Group does not have any single major customer that contributes 10% or more to the Group's revenue.

Debt

Borrowings

Borrowing notes 3 tables

Bank borrowing

Bank borrowing — Group
Item / unit 2026$'0002025$'000 Source
Secured / Non-current
Term loan$'000 20,00020,000 PDF p. 116
Notes

The secured borrowing of the Group is secured among others by way of a corporate guarantee from the Company and legal mortgage over the Group's completed property of $27,431,000 (2025: $27,431,000).

The Group's bank borrowing bore weighted average effective interest rates of 2.82% (2025: 3.92%) as at the reporting date.

The Group has complied with the applicable financial covenants relating to the loan-to-value as prescribed by the bank throughout the financial year and expect to remain compliant for at least 12 months after the reporting date. Accordingly, the bank borrowing is classified as a non-current liability.

Statements of financial position - borrowings and lease liabilities

Statements of financial position - borrowings and lease liabilities
Item / unit 2026Group2025Group2026Company2025Company Source
Non-current liabilities
Bank borrowing$'000 20,00020,000–– PDF p. 77
Lease liabilities (non-current)$'000 145252145252 PDF p. 77
Current liabilities
Lease liabilities (current)$'000 106104106104 PDF p. 77
Notes

No current bank borrowing line is printed.

Lease liabilities

Lease liabilities
Item / unit 2026Group and Company2025Group and Company Source
Lease liabilities
Non-current$'000 145252 PDF p. 117
Current$'000 106104 PDF p. 117
Lease liabilities payable to
- An associate$'000 184260 PDF p. 117
- Third parties$'000 6796 PDF p. 117
Notes

Totals 251 (2026) and 356 (2025). Leases have tenure of up to five years with option to renew for up to three years. Maturity analysis disclosed in Note 32(b).

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
Dividend Policy [Provision 11.6] The Company does not have a fixed policy on the payment of dividends to shareholders primarily due to its performance in recent years, and has accordingly deviated from Provision 11.6 of the Code. The Board will consider such policy when the Group’s performance has improved and has available retained earnings for dividends to be declared or recommended. The Board and management review the decision pertaining to dividend payment in conjunction with the Group’s half-year and full-year financial results. In compliance with Rule 704(24) of the SGX-ST Listing Manual, the Board will disclose the reasons where no dividend is declared or recommended. Company PDF p. 66

Extracted from Annual Report 2026 and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Auditor Baker Tilly TFW LLP Group PDF p. 75
Engagement partner Hu Weisheng Group PDF p. 75
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 PDF p. 72

Key audit matters

ItemValuePeriod / scopeSource
Net realisable value of completed properties Net realisable value of completed properties Group PDF p. 72

Extracted from Annual Report 2026 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 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

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