TeleChoice Intl T41

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Financials

Annual Report 2025

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38 tables

Group and Company financial position — FY2025 source

34 metrics

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Group and Company financial position — FY2025 source from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Non-current assets
Plant and equipmentSingapore dollars thousands	3,145	1,543	256	349	PDF p. 110
Group and Company financial position — FY2025 source
Intangible assetsSingapore dollars thousands	18	84	–	–	PDF p. 110
Right-of-use assetsSingapore dollars thousands	3,710	5,622	2,350	3,494	PDF p. 110
SubsidiariesSingapore dollars thousands	–	–	4,646	6,073	PDF p. 110
AssociateSingapore dollars thousands	644	489	–	–	PDF p. 110
Deferred tax assetsSingapore dollars thousands	1,982	1,182	–	334	PDF p. 110
Trade and other receivablesSingapore dollars thousands	141	508	–	–	PDF p. 110
Total non-current assetsSingapore dollars thousands	9,640	9,428	7,252	10,250	PDF p. 110
Current assets
InventoriesSingapore dollars thousands	53,689	42,752	15,665	12,948	PDF p. 110
Contract assetsSingapore dollars thousands	19,747	16,467	–	–	PDF p. 110
Trade and other receivablesSingapore dollars thousands	100,115	92,678	25,401	29,595	PDF p. 110
Cash and cash equivalentsSingapore dollars thousands	26,644	38,581	6,348	5,769	PDF p. 110
Total current assetsSingapore dollars thousands	200,195	190,478	47,414	48,312	PDF p. 110
Total assetsSingapore dollars thousands	209,835	199,906	54,666	58,562	PDF p. 110
Equity
Share capitalSingapore dollars thousands	21,987	21,987	21,987	21,987	PDF p. 110
ReservesSingapore dollars thousands	4,951	5,273	14,054	14,025	PDF p. 110
Accumulated profits/(losses)Singapore dollars thousands	14,207	8,066	(10,926)	(13,287)	PDF p. 110
Total equity attributable to
Total equity attributable to owners of the CompanySingapore dollars thousands	41,145	35,326	25,115	22,725	PDF p. 110 Label p. 110
Non-controlling interestsSingapore dollars thousands	–	–	–	–	PDF p. 110
Total equitySingapore dollars thousands	41,145	35,326	25,115	22,725	PDF p. 110
Non-current liabilities
Contract liabilitiesSingapore dollars thousands	3,969	4,748	–	–	PDF p. 110
Trade and other payablesSingapore dollars thousands	367	413	–	–	PDF p. 110
Lease liabilitiesSingapore dollars thousands	1,188	3,648	728	2,089	PDF p. 110
ProvisionsSingapore dollars thousands	648	484	497	333	PDF p. 110
Total non-current liabilitiesSingapore dollars thousands	6,172	9,293	1,225	2,422	PDF p. 110
Current liabilities
Contract liabilitiesSingapore dollars thousands	9,744	9,956	–	–	PDF p. 110
Current tax payableSingapore dollars thousands	1,465	421	–	–	PDF p. 110
Trade and other payablesSingapore dollars thousands	128,237	101,931	21,296	12,101	PDF p. 110
Loans and borrowingsSingapore dollars thousands	16,340	38,253	4,000	19,300	PDF p. 110
Lease liabilitiesSingapore dollars thousands	2,045	2,126	1,397	1,310	PDF p. 110
ProvisionsSingapore dollars thousands	4,687	2,600	1,633	704	PDF p. 110
Total current liabilitiesSingapore dollars thousands	162,518	155,287	28,326	33,415	PDF p. 110
Total liabilitiesSingapore dollars thousands	168,690	164,580	29,551	35,837	PDF p. 110
Total equity and liabilitiesSingapore dollars thousands	209,835	199,906	54,666	58,562	PDF p. 110

Definitions & sources

Original report: PDF p. 110 ↗

Group income — FY2025 source

20 metrics

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Group income — FY2025 source from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Group income — FY2025 source
RevenueSingapore dollars thousands	518,044	380,401	PDF p. 111
Cost of salesSingapore dollars thousands	(476,686)	(346,102)	PDF p. 111
Gross profitSingapore dollars thousands	41,358	34,299	PDF p. 111
Other incomeSingapore dollars thousands	219	176	PDF p. 111
Sales and marketing expensesSingapore dollars thousands	(13,679)	(10,529)	PDF p. 111
Administrative expensesSingapore dollars thousands	(15,295)	(17,049)	PDF p. 111
Other expensesSingapore dollars thousands	(345)	949	PDF p. 111
Results from operating activitiesSingapore dollars thousands	12,258	7,846	PDF p. 111
Finance incomeSingapore dollars thousands	122	242	PDF p. 111
Finance costsSingapore dollars thousands	(2,921)	(2,230)	PDF p. 111
Net finance costsSingapore dollars thousands	(2,799)	(1,988)	PDF p. 111
Share of profit of associate (net of tax)Singapore dollars thousands	273	222	PDF p. 111
Profit before taxSingapore dollars thousands	9,732	6,080	PDF p. 111
Income tax expenseSingapore dollars thousands	(3,128)	(1,901)	PDF p. 111
Profit for the yearSingapore dollars thousands	6,604	4,179	PDF p. 111
Profit attributable to:
Owners of the CompanySingapore dollars thousands	6,604	4,179	PDF p. 111
Group income — FY2025 source
Non-controlling interestsSingapore dollars thousands	–	–	PDF p. 111
Profit for the yearSingapore dollars thousands	6,604	4,179	PDF p. 111
Earnings per share
Basic earnings per share (cents)Singapore cents per share	1.45	0.92	PDF p. 111
Diluted earnings per share (cents)Singapore cents per share	1.40	0.89	PDF p. 111

Definitions & sources

Original report: PDF p. 111 ↗

Group comprehensive income — FY2025 source

14 metrics

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Group comprehensive income — FY2025 source from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Group comprehensive income — FY2025 source
Profit for the yearSingapore dollars thousands	6,604	4,179	PDF p. 112
Items that will not be reclassified to profit or loss:
Remeasurement of defined benefit plan assetSingapore dollars thousands	3	49	PDF p. 112
Tax on other comprehensive incomeSingapore dollars thousands	(1)	(11)	PDF p. 112
SubtotalSingapore dollars thousands	2	38	PDF p. 112
loss:
Foreign currency translation differences – foreign operationsSingapore dollars thousands	(393)	104	PDF p. 112
Items that are or may be reclassified subsequently to profit or
Share of foreign currency translation differences of associateSingapore dollars thousands	(27)	9	PDF p. 112
Realisation of reserve upon liquidation of subsidiariesSingapore dollars thousands	226	–	PDF p. 112
Foreign currency translation differences on monetary items forming part of net investment in foreign operationsSingapore dollars thousands	(31)	(92)	PDF p. 112 Label p. 112
SubtotalSingapore dollars thousands	(225)	21	PDF p. 112
Other comprehensive income for the year, net of taxSingapore dollars thousands	(223)	59	PDF p. 112 Label p. 112
Total comprehensive income for the yearSingapore dollars thousands	6,381	4,238	PDF p. 112
Total comprehensive income attributable to:
Owners of the CompanySingapore dollars thousands	6,381	4,238	PDF p. 112
Non-controlling interestsSingapore dollars thousands	–	–	PDF p. 112
Total comprehensive income for the yearSingapore dollars thousands	6,381	4,238	PDF p. 112

Definitions & sources

Original report: PDF p. 112 ↗

Group changes in equity — FY2025 source / ending 2024 / comprehensive income

9 metrics

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Group changes in equity — FY2025 source / ending 2024 / comprehensive income from Annual Report 2025
Metric / unit	2024Group / Share capital	2024Group / Accumulated profits	2024Group / General reserve	2024Group / Capital reserves	2024Group / Goodwill written off	2024Group / Share option reserve	2024Group / Reserve for own shares	2024Group / Exchange translation reserve	2024Group / Total attributable to owners	2024Group / Non-controlling interests	2024Group / Total equity	Source
Group changes in equity — FY2025 source / ending 2024 / comprehensive income
At 1 January 2024Singapore dollars thousands	21,987	3,485	27	16,581	(1,538)	1,605	(226)	(10,557)	31,364	–	31,364	PDF p. 113
Total comprehensive income for the year
Profit for the yearSingapore dollars thousands	–	4,179	–	–	–	–	–	–	4,179	–	4,179	PDF p. 113
Other comprehensive income
Foreign currency translation differences – foreign operationsSingapore dollars thousands	–	–	–	–	–	–	–	104	104	–	104	PDF p. 113 Label p. 113
Total comprehensive
Share of foreign currency translation differences of associateSingapore dollars thousands	–	–	–	–	–	–	–	9	9	–	9	PDF p. 113 Label p. 113
Foreign currency translation differences on monetary items forming part of net investment in a foreign operationSingapore dollars thousands	–	–	–	–	–	–	–	(92)	(92)	–	(92)	PDF p. 113 Label p. 113
Remeasurement of defined benefit plan assetSingapore dollars thousands	–	49	–	–	–	–	–	–	49	–	49	PDF p. 113 Label p. 113
Tax on other comprehensive incomeSingapore dollars thousands	–	(11)	–	–	–	–	–	–	(11)	–	(11)	PDF p. 113 Label p. 113
Total other comprehensive incomeSingapore dollars thousands	–	38	–	–	–	–	–	21	59	–	59	PDF p. 113 Label p. 113
Total comprehensive income for the yearSingapore dollars thousands	–	4,217	–	–	–	–	–	21	4,238	–	4,238	PDF p. 113 Label p. 113

Definitions & sources

Original report: PDF p. 113 ↗

Group changes in equity — FY2025 source / ending 2024 / owner transactions and closing

7 metrics

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Group changes in equity — FY2025 source / ending 2024 / owner transactions and closing from Annual Report 2025
Metric / unit	2024Group / Share capital	2024Group / Accumulated profits	2024Group / General reserve	2024Group / Capital reserves	2024Group / Goodwill written off	2024Group / Share option reserve	2024Group / Reserve for own shares	2024Group / Exchange translation reserve	2024Group / Total attributable to owners	2024Group / Non-controlling interests	2024Group / Total equity	Source
Contributions by and distributions
to owners of the Company Share-based payments expensesSingapore dollars thousands	–	–	–	–	–	97	–	–	97	–	97	PDF p. 114 Label p. 114
Payment of share optionsSingapore dollars thousands	–	364	–	–	–	(898)	–	–	(534)	–	(534)	PDF p. 114
Purchase of treasury sharesSingapore dollars thousands	–	–	–	–	–	–	(118)	–	(118)	–	(118)	PDF p. 114
Issue of treasury shareSingapore dollars thousands	–	–	–	(60)	–	–	339	–	279	–	279	PDF p. 114
Total contributions by and distributions to owners of the CompanySingapore dollars thousands	–	364	–	(60)	–	(801)	221	–	(276)	–	(276)	PDF p. 114 Label p. 114
Total transactions with owners of the CompanySingapore dollars thousands	–	364	–	(60)	–	(801)	221	–	(276)	–	(276)	PDF p. 114 Label p. 114
At 31 December 2024Singapore dollars thousands	21,987	8,066	27	16,521	(1,538)	804	(5)	(10,536)	35,326	–	35,326	PDF p. 114

Definitions & sources

Original report: PDF p. 114 ↗

Group changes in equity — FY2025 source / ending 2025 / comprehensive income

10 metrics

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Group changes in equity — FY2025 source / ending 2025 / comprehensive income from Annual Report 2025
Metric / unit	2025Group / Share capital	2025Group / Accumulated profits	2025Group / General reserve	2025Group / Capital reserves	2025Group / Goodwill written off	2025Group / Share option reserve	2025Group / Reserve for own shares	2025Group / Exchange translation reserve	2025Group / Total attributable to owners	2025Group / Non-controlling interests	2025Group / Total equity	Source
Group changes in equity — FY2025 source / ending 2025 / comprehensive income
At 1 January 2025Singapore dollars thousands	21,987	8,066	27	16,521	(1,538)	804	(5)	(10,536)	35,326	–	35,326	PDF p. 115
Total comprehensive income for the year
Profit for the yearSingapore dollars thousands	–	6,604	–	–	–	–	–	–	6,604	–	6,604	PDF p. 115
Other comprehensive income
Foreign currency translation differences – foreign operationsSingapore dollars thousands	–	–	–	–	–	–	–	(393)	(393)	–	(393)	PDF p. 115 Label p. 115
Total comprehensive income for
Share of foreign currency translation differences of associateSingapore dollars thousands	–	–	–	–	–	–	–	(27)	(27)	–	(27)	PDF p. 115 Label p. 115
Foreign currency translation differences reclassified to profit or loss upon liquidation of subsidiariesSingapore dollars thousands	–	–	–	–	–	–	–	226	226	–	226	PDF p. 115 Label p. 115
Foreign currency translation differences on monetary items forming part of net investment in a foreign operationSingapore dollars thousands	–	–	–	–	–	–	–	(31)	(31)	–	(31)	PDF p. 115 Label p. 115
Remeasurement of defined benefit plan assetSingapore dollars thousands	–	3	–	–	–	–	–	–	3	–	3	PDF p. 115 Label p. 115
Tax on other comprehensive incomeSingapore dollars thousands	–	(1)	–	–	–	–	–	–	(1)	–	(1)	PDF p. 115
Total other comprehensive incomeSingapore dollars thousands	–	2	–	–	–	–	–	(225)	(223)	–	(223)	PDF p. 115
Total comprehensive income for the yearSingapore dollars thousands	–	6,606	–	–	–	–	–	(225)	6,381	–	6,381	PDF p. 115 Label p. 115

Definitions & sources

Original report: PDF p. 115 ↗

Group changes in equity — FY2025 source / ending 2025 / owner transactions and closing

5 metrics

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Group changes in equity — FY2025 source / ending 2025 / owner transactions and closing from Annual Report 2025
Metric / unit	2025Group / Share capital	2025Group / Accumulated profits	2025Group / General reserve	2025Group / Capital reserves	2025Group / Goodwill written off	2025Group / Share option reserve	2025Group / Reserve for own shares	2025Group / Exchange translation reserve	2025Group / Total attributable to owners	2025Group / Non-controlling interests	2025Group / Total equity	Source
Contributions by and distributions
to owners of the Company Share-based payments expensesSingapore dollars thousands	–	–	–	–	–	438	–	–	438	–	438	PDF p. 116 Label p. 116
Payment of share optionsSingapore dollars thousands	–	103	–	–	–	(535)	–	–	(432)	–	(432)	PDF p. 116
Dividends declaredSingapore dollars thousands	–	(568)	–	–	–		–	–	(568)	–	(568)	PDF p. 116
Total contributions by and distributions to owners of the CompanySingapore dollars thousands	–	(465)	–	–	–	(97)	–	–	(562)		(562)	PDF p. 116 Label p. 116
Total transactions with owners of the Company
At 31 December 2025Singapore dollars thousands	21,987	14,207	27	16,521	(1,538)	707	(5)	(10,761)	41,145	–	41,145	PDF p. 116

Definitions & sources

Original report: PDF p. 116 ↗

The separate Total transactions with owners of the Company caption is wholly unpopulated. It is source context, not the caption of the closing At 31 December 2025 figures.

Group cash flows — FY2025 source

42 metrics

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Group cash flows — FY2025 source from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Cash flows from operating activities
Profit before taxSingapore dollars thousands	9,732	6,080	PDF p. 117
Adjustments for:
Amortisation of intangible assetsSingapore dollars thousands	95	162	PDF p. 117
Depreciation of plant and equipmentSingapore dollars thousands	1,371	662	PDF p. 117
Depreciation of right-of-use assetsSingapore dollars thousands	2,582	2,207	PDF p. 117
Finance expenseSingapore dollars thousands	2,921	2,230	PDF p. 117
Finance incomeSingapore dollars thousands	(122)	(242)	PDF p. 117
Gain on disposal of plant and equipmentSingapore dollars thousands	(40)	(67)	PDF p. 117
Loss on liquidation of subsidiariesSingapore dollars thousands	226	–	PDF p. 117
Gain on derecognition of right-of-use assetsSingapore dollars thousands	–	(6)	PDF p. 117
(Reversal of impairment loss)/impairment loss on trade and other receivables, netSingapore dollars thousands	(224)	796	PDF p. 117 Label p. 117
Write-off of contract assetsSingapore dollars thousands	92	865	PDF p. 117
Share-based payments expensesSingapore dollars thousands	438	97	PDF p. 117
Share of profit of associateSingapore dollars thousands	(273)	(222)	PDF p. 117
SubtotalSingapore dollars thousands	16,798	12,562	PDF p. 117
Changes in:
InventoriesSingapore dollars thousands	(11,407)	(9,201)	PDF p. 117
Adjustments for:
Contract assetsSingapore dollars thousands	(3,503)	(2,163)	PDF p. 117
Trade and other receivablesSingapore dollars thousands	(7,671)	(52,587)	PDF p. 117
Trade and other payablesSingapore dollars thousands	26,071	34,887	PDF p. 117
Contract liabilitiesSingapore dollars thousands	(989)	4,625	PDF p. 117
Provisions and employee benefit obligationsSingapore dollars thousands	1,646	892	PDF p. 117
Cash generated from/(used in) operationsSingapore dollars thousands	20,945	(10,985)	PDF p. 117
Tax paidSingapore dollars thousands	(2,857)	(1,854)	PDF p. 117
Net cash from/(used in) operating activitiesSingapore dollars thousands	18,088	(12,839)	PDF p. 117
Cash flows from investing activities
Dividend from an associateSingapore dollars thousands	91	–	PDF p. 117
Proceeds from disposal of plant and equipmentSingapore dollars thousands	139	68	PDF p. 117
Purchase of plant and equipmentSingapore dollars thousands	(1,437)	(827)	PDF p. 117
Purchase of intangible assetsSingapore dollars thousands	(27)	(120)	PDF p. 117
Interest receivedSingapore dollars thousands	122	228	PDF p. 117
Net cash used in investing activitiesSingapore dollars thousands	(1,112)	(651)	PDF p. 117
Cash flows from financing activities
Interest paidSingapore dollars thousands	(2,935)	(1,622)	PDF p. 117
Dividend paid to owners of the CompanySingapore dollars thousands	(568)	–	PDF p. 117
Payment of share-based payment expensesSingapore dollars thousands	(432)	(534)	PDF p. 117
Purchase of treasury sharesSingapore dollars thousands	–	(118)	PDF p. 117
Proceeds from bank loansSingapore dollars thousands	187,226	57,909	PDF p. 117
Repayment of short-term loansSingapore dollars thousands	(209,149)	(34,688)	PDF p. 117
Payment of lease liabilitiesSingapore dollars thousands	(2,215)	(1,992)	PDF p. 117
Repayment of other payablesSingapore dollars thousands	(746)	–	PDF p. 117
Net cash (used in)/from financing activitiesSingapore dollars thousands	(28,819)	18,955	PDF p. 117
Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands	(11,843)	5,465	PDF p. 117
Cash and cash equivalents at 1 JanuarySingapore dollars thousands	38,581	32,820	PDF p. 117
Effect of exchange rate changes on cash held in foreign currenciesSingapore dollars thousands	(94)	296	PDF p. 117
Cash and cash equivalents at 31 DecemberSingapore dollars thousands	26,644	38,581	PDF p. 117

Definitions & sources

Original report: PDF p. 117 ↗

EPS inputs — FY2025 source / physical 162 / original block 1

1 metrics

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EPS inputs — FY2025 source / physical 162 / original block 1 from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Original EPS input calculation
Profit attributable to equity holders of the CompanySingapore dollars thousands	6,604	4,179	PDF p. 162

Definitions & sources

Original report: PDF p. 162 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

EPS inputs — FY2025 source / physical 162 / original block 2

3 metrics

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EPS inputs — FY2025 source / physical 162 / original block 2 from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Original EPS input calculation
Issued ordinary shares at beginning of the yearshares thousands	452,812	452,491	PDF p. 162
Effect of own shares heldshares thousands	1,564	321	PDF p. 162
Weighted average number of ordinary shares during the yearshares thousands	454,376	452,812	PDF p. 162

Definitions & sources

Original report: PDF p. 162 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

EPS inputs — FY2025 source / physical 163 / original block 1

1 metrics

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EPS inputs — FY2025 source / physical 163 / original block 1 from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Original EPS input calculation
Profit attributable to equity holders of the CompanySingapore dollars thousands	6,604	4,179	PDF p. 163

Definitions & sources

Original report: PDF p. 163 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

EPS inputs — FY2025 source / physical 163 / original block 2

3 metrics

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EPS inputs — FY2025 source / physical 163 / original block 2 from Annual Report 2025
Metric / unit	2025Group	2024Group	Source
Original EPS input calculation
Weighted average number of ordinary shares (basic)shares thousands	454,376	452,812	PDF p. 163
Effect of share options on issueshares thousands	17,551	14,665	PDF p. 163
Weighted average number of ordinary shares (diluted) during the yearshares thousands	471,927	467,477	PDF p. 163 Label p. 163

Definitions & sources

Original report: PDF p. 163 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

Cash composition — FY2025 source

3 metrics

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Cash composition — FY2025 source from Annual Report 2025
Metric / unit	2025Group	2024Group	2025Company	2024Company	Source
Cash composition — FY2025 source
Cash at banks and in handSingapore dollars thousands	24,590	34,299	6,348	5,769	PDF p. 146
Short-term depositsSingapore dollars thousands	2,054	4,282	–	–	PDF p. 146
Cash and cash equivalents in the statement of cash flowsSingapore dollars thousands	26,644	38,581	6,348	5,769	PDF p. 146 Label p. 146

Definitions & sources

Original report: PDF p. 146 ↗

Group and Company financial position — FY2024 source

34 metrics

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Group and Company financial position — FY2024 source from Annual Report 2025
Metric / unit	2024Group	2023Group	2024Company	2023Company	Source
Non-current assets
Plant and equipmentSingapore dollars thousands	1,543	756	349	23	PDF p. 118
Group and Company financial position — FY2024 source
Intangible assetsSingapore dollars thousands	84	124	–	6	PDF p. 118
Right-of-use assetsSingapore dollars thousands	5,622	1,930	3,494	709	PDF p. 118
SubsidiariesSingapore dollars thousands	–	–	6,073	6,547	PDF p. 118
AssociateSingapore dollars thousands	489	258	–	–	PDF p. 118
Deferred tax assetsSingapore dollars thousands	1,182	840	334	341	PDF p. 118
Trade and other receivablesSingapore dollars thousands	508	426	–	–	PDF p. 118
Total non-current assetsSingapore dollars thousands	9,428	4,334	10,250	7,626	PDF p. 118
Current assets
InventoriesSingapore dollars thousands	42,752	33,507	12,948	19,056	PDF p. 118
Contract assetsSingapore dollars thousands	16,467	15,161	–	–	PDF p. 118
Trade and other receivablesSingapore dollars thousands	92,678	40,895	29,595	17,059	PDF p. 118
Cash and cash equivalentsSingapore dollars thousands	38,581	32,820	5,769	6,013	PDF p. 118
Total current assetsSingapore dollars thousands	190,478	122,383	48,312	42,128	PDF p. 118
Total assetsSingapore dollars thousands	199,906	126,717	58,562	49,754	PDF p. 118
Equity
Share capitalSingapore dollars thousands	21,987	21,987	21,987	21,987	PDF p. 118
ReservesSingapore dollars thousands	5,273	5,892	14,025	14,381	PDF p. 118
Accumulated profits/(losses)Singapore dollars thousands	8,066	3,485	(13,287)	(15,214)	PDF p. 118
Total equity attributable to equity
Total equity attributable to equity holders of the CompanySingapore dollars thousands	35,326	31,364	22,725	21,154	PDF p. 118 Label p. 118
Non-controlling interestsSingapore dollars thousands	–	–	–	–	PDF p. 118
Total equitySingapore dollars thousands	35,326	31,364	22,725	21,154	PDF p. 118
Non-current liabilities
Contract liabilitiesSingapore dollars thousands	4,748	493	–	–	PDF p. 118
Trade and other payablesSingapore dollars thousands	413	460	–	–	PDF p. 118
Lease liabilitiesSingapore dollars thousands	3,648	314	2,089	19	PDF p. 118
ProvisionsSingapore dollars thousands	484	365	333	339	PDF p. 118
Total non-current liabilitiesSingapore dollars thousands	9,293	1,632	2,422	358	PDF p. 118
Current liabilities
Contract liabilitiesSingapore dollars thousands	9,956	9,587	–	–	PDF p. 118
Current tax payableSingapore dollars thousands	421	29	–	–	PDF p. 118
Trade and other payablesSingapore dollars thousands	101,931	65,248	12,101	23,513	PDF p. 118
Loans and borrowingsSingapore dollars thousands	38,253	16,137	19,300	4,000	PDF p. 118
Lease liabilitiesSingapore dollars thousands	2,126	1,229	1,310	515	PDF p. 118
ProvisionsSingapore dollars thousands	2,600	1,491	704	214	PDF p. 118
Total current liabilitiesSingapore dollars thousands	155,287	93,721	33,415	28,242	PDF p. 118
Total liabilitiesSingapore dollars thousands	164,580	95,353	35,837	28,600	PDF p. 118
Total equity and liabilitiesSingapore dollars thousands	199,906	126,717	58,562	49,754	PDF p. 118

Definitions & sources

Original report: PDF p. 118 ↗

Group income — FY2024 source

21 metrics

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Group income — FY2024 source from Annual Report 2025
Metric / unit	2024Group	2023Group	Source
Group income — FY2024 source
RevenueSingapore dollars thousands	380,401	238,089	PDF p. 119
Cost of salesSingapore dollars thousands	(346,102)	(221,100)	PDF p. 119
Gross profitSingapore dollars thousands	34,299	16,989	PDF p. 119
Other incomeSingapore dollars thousands	176	685	PDF p. 119
Sales and marketing expensesSingapore dollars thousands	(10,529)	(7,700)	PDF p. 119
Administrative expensesSingapore dollars thousands	(17,049)	(18,086)	PDF p. 119
Impairment loss on investment in associateSingapore dollars thousands	–	(1,673)	PDF p. 119
Other expensesSingapore dollars thousands	949	(516)	PDF p. 119
Results from operating activitiesSingapore dollars thousands	7,846	(10,301)	PDF p. 119
Finance incomeSingapore dollars thousands	242	138	PDF p. 119
Finance costsSingapore dollars thousands	(2,230)	(748)	PDF p. 119
Net finance costsSingapore dollars thousands	(1,988)	(610)	PDF p. 119
Share of profit of associate (net of tax)Singapore dollars thousands	222	90	PDF p. 119
Profit/(loss) before taxSingapore dollars thousands	6,080	(10,821)	PDF p. 119
Tax expenseSingapore dollars thousands	(1,901)	(682)	PDF p. 119
Profit/(loss) for the yearSingapore dollars thousands	4,179	(11,503)	PDF p. 119
Profit/(loss) attributable to:
Owners of the CompanySingapore dollars thousands	4,179	(11,503)	PDF p. 119
Non-controlling interestsSingapore dollars thousands	–	–	PDF p. 119
Profit/(loss) for the yearSingapore dollars thousands	4,179	(11,503)	PDF p. 119
Earnings per share
Basic earnings per share (cents)Singapore cents per share	0.92	(2.54)	PDF p. 119
Diluted earnings per share (cents)Singapore cents per share	0.89	(2.46)	PDF p. 119

Definitions & sources

Original report: PDF p. 119 ↗

Group comprehensive income — FY2024 source

14 metrics

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Group comprehensive income — FY2024 source from Annual Report 2025
Metric / unit	2024Group	2023Group	Source
Group comprehensive income — FY2024 source
Profit/(loss) for the yearSingapore dollars thousands	4,179	(11,503)	PDF p. 120
Items that will not be reclassified to profit or loss:
Remeasurement of defined benefit plan assetSingapore dollars thousands	49	9	PDF p. 120
Tax on other comprehensive incomeSingapore dollars thousands	(11)	(2)	PDF p. 120
SubtotalSingapore dollars thousands	38	7	PDF p. 120
loss:
Foreign currency translation differences – foreign operationsSingapore dollars thousands	104	(204)	PDF p. 120
Items that are or may be reclassified subsequently to profit or
Share of foreign currency translation differences of associateSingapore dollars thousands	9	(3)	PDF p. 120
Realisation of reserve upon liquidation of a subsidiarySingapore dollars thousands	–	(1)	PDF p. 120
Foreign currency translation differences on monetary items forming part of net investment in foreign operationsSingapore dollars thousands	(92)	(52)	PDF p. 120 Label p. 120
SubtotalSingapore dollars thousands	21	(260)	PDF p. 120
Other comprehensive income for the year, net of taxSingapore dollars thousands	59	(253)	PDF p. 120 Label p. 120
Total comprehensive income for the yearSingapore dollars thousands	4,238	(11,756)	PDF p. 120
Total comprehensive income attributable to:
Owners of the CompanySingapore dollars thousands	4,238	(11,756)	PDF p. 120
Non-controlling interestsSingapore dollars thousands	–	–	PDF p. 120
Total comprehensive income for the yearSingapore dollars thousands	4,238	(11,756)	PDF p. 120

Definitions & sources

Original report: PDF p. 120 ↗

Group changes in equity — FY2024 source / ending 2023 / comprehensive income

10 metrics

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Group changes in equity — FY2024 source / ending 2023 / comprehensive income from Annual Report 2025
Metric / unit	2023Group / Share capital	2023Group / Accumulated profits	2023Group / General reserve	2023Group / Capital reserves	2023Group / Goodwill written off	2023Group / Share option reserve	2023Group / Reserve for own shares	2023Group / Exchange translation reserve	2023Group / Total attributable to owners	2023Group / Non-controlling interests	2023Group / Total equity	Source
Group changes in equity — FY2024 source / ending 2023 / comprehensive income
At 1 January 2023Singapore dollars thousands	21,987	14,901	27	16,603	(1,538)	1,812	(252)	(10,297)	43,243	–	43,243	PDF p. 121
Total comprehensive income for the year
Loss for the yearSingapore dollars thousands	–	(11,503)	–	–	–	–	–	–	(11,503)	–	(11,503)	PDF p. 121
Other comprehensive income
Foreign currency translation differences – foreign operationsSingapore dollars thousands	–	–	–	–	–	–	–	(204)	(204)	–	(204)	PDF p. 121 Label p. 121
Total comprehensive income for
Share of foreign currency translation differences of associateSingapore dollars thousands	–	–	–	–	–	–	–	(3)	(3)	–	(3)	PDF p. 121 Label p. 121
Realisation of reserve upon disposal of a subsidiarySingapore dollars thousands	–	–	–	–	–	–	–	(1)	(1)	–	(1)	PDF p. 121 Label p. 121
Foreign currency translation differences on monetary items forming part of net investment in a foreign operationSingapore dollars thousands	–	–	–	–	–	–	–	(52)	(52)	–	(52)	PDF p. 121 Label p. 121
Remeasurement of defined benefit plan assetSingapore dollars thousands	–	9	–	–	–	–	–	–	9	–	9	PDF p. 121 Label p. 121
Tax on other comprehensive incomeSingapore dollars thousands	–	(2)	–	–	–	–	–	–	(2)	–	(2)	PDF p. 121
Total other comprehensive incomeSingapore dollars thousands	–	7	–	–	–	–	–	(260)	(253)	–	(253)	PDF p. 121
Total comprehensive income for the yearSingapore dollars thousands	–	(11,496)	–	–	–	–	–	(260)	(11,756)	–	(11,756)	PDF p. 121 Label p. 121

Definitions & sources

Original report: PDF p. 121 ↗

Group changes in equity — FY2024 source / ending 2023 / owner transactions and closing

7 metrics

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Group changes in equity — FY2024 source / ending 2023 / owner transactions and closing from Annual Report 2025
Metric / unit	2023Group / Share capital	2023Group / Accumulated profits	2023Group / General reserve	2023Group / Capital reserves	2023Group / Goodwill written off	2023Group / Share option reserve	2023Group / Reserve for own shares	2023Group / Exchange translation reserve	2023Group / Total attributable to owners	2023Group / Non-controlling interests	2023Group / Total equity	Source
Contributions by and distributions to owners of the Company
Share-based payments expensesSingapore dollars thousands	–	–	–	–	–	391	–	–	391	–	391	PDF p. 122
Contributions by and distributions to
Payment of share optionsSingapore dollars thousands	–	80	–	–	–	(598)	–	–	(518)	–	(518)	PDF p. 122
Purchase of treasury sharesSingapore dollars thousands	–	–	–	–	–	–	(124)	–	(124)	–	(124)	PDF p. 122
Issue of treasury shareSingapore dollars thousands	–	–	–	(22)	–	–	150	–	128	–	128	PDF p. 122
Total contributions by and distributions to owners of the CompanySingapore dollars thousands	–	80	–	(22)	–	(207)	26	–	(123)	–	(123)	PDF p. 122 Label p. 122
Total transactions with owners of the CompanySingapore dollars thousands	–	80	–	(22)	–	(207)	26	–	(123)	–	(123)	PDF p. 122 Label p. 122
At 31 December 2023Singapore dollars thousands	21,987	3,485	27	16,581	(1,538)	1,605	(226)	(10,557)	31,364	–	31,364	PDF p. 122

Definitions & sources

Original report: PDF p. 122 ↗

Group changes in equity — FY2024 source / ending 2024 / comprehensive income

9 metrics

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Group changes in equity — FY2024 source / ending 2024 / comprehensive income from Annual Report 2025
Metric / unit	2024Group / Share capital	2024Group / Accumulated profits	2024Group / General reserve	2024Group / Capital reserves	2024Group / Goodwill written off	2024Group / Share option reserve	2024Group / Reserve for own shares	2024Group / Exchange translation reserve	2024Group / Total attributable to owners	2024Group / Non-controlling interests	2024Group / Total equity	Source
Group changes in equity — FY2024 source / ending 2024 / comprehensive income
At 1 January 2024Singapore dollars thousands	21,987	3,485	27	16,581	(1,538)	1,605	(226)	(10,557)	31,364	–	31,364	PDF p. 123
Total comprehensive income for the year
Profit for the yearSingapore dollars thousands	–	4,179	–	–	–	–	–	–	4,179	–	4,179	PDF p. 123
Other comprehensive income
Foreign currency translation differences – foreign operationsSingapore dollars thousands	–	–	–	–	–	–	–	104	104	–	104	PDF p. 123 Label p. 123
Total comprehensive income
Share of foreign currency translation differences of associateSingapore dollars thousands	–	–	–	–	–	–	–	9	9	–	9	PDF p. 123 Label p. 123
Foreign currency translation differences on monetary items forming part of net investment in a foreign operationSingapore dollars thousands	–	–	–	–	–	–	–	(92)	(92)	–	(92)	PDF p. 123 Label p. 123
Remeasurement of defined benefit plan assetSingapore dollars thousands	–	49	–	–	–	–	–	–	49	–	49	PDF p. 123 Label p. 123
Tax on other comprehensive incomeSingapore dollars thousands	–	(11)	–	–	–	–	–	–	(11)	–	(11)	PDF p. 123 Label p. 123
Total other comprehensive incomeSingapore dollars thousands	–	38	–	–	–	–	–	21	59	–	59	PDF p. 123 Label p. 123
Total comprehensive income for the yearSingapore dollars thousands	–	4,217	–	–	–	–	–	21	4,238	–	4,238	PDF p. 123 Label p. 123

Definitions & sources

Original report: PDF p. 123 ↗

Group changes in equity — FY2024 source / ending 2024 / owner transactions and closing

7 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity — FY2024 source / ending 2024 / owner transactions and closing from Annual Report 2025
Metric / unit	2024Group / Share capital	2024Group / Accumulated profits	2024Group / General reserve	2024Group / Capital reserves	2024Group / Goodwill written off	2024Group / Share option reserve	2024Group / Reserve for own shares	2024Group / Exchange translation reserve	2024Group / Total attributable to owners	2024Group / Non-controlling interests	2024Group / Total equity	Source
Contributions by and
distributions to owners of the Company Share-based payments expensesSingapore dollars thousands	–	–	–	–	–	97	–	–	97	–	97	PDF p. 124 Label p. 124
Company
Payment of share optionsSingapore dollars thousands	–	364	–	–	–	(898)	–	–	(534)	–	(534)	PDF p. 124
Purchase of treasury sharesSingapore dollars thousands	–	–	–	–	–	–	(118)	–	(118)	–	(118)	PDF p. 124
Issue of treasury shareSingapore dollars thousands	–	–	–	(60)	–	–	339	–	279	–	279	PDF p. 124
Total contributions by and distributions to owners of the CompanySingapore dollars thousands	–	364	–	(60)	–	(801)	221	–	(276)	–	(276)	PDF p. 124 Label p. 124
Total transactions with owners of the CompanySingapore dollars thousands	–	364	–	(60)	–	(801)	221	–	(276)	–	(276)	PDF p. 124 Label p. 124
At 31 December 2024Singapore dollars thousands	21,987	8,066	27	16,521	(1,538)	804	(5)	(10,536)	35,326	–	35,326	PDF p. 124

Definitions & sources

Original report: PDF p. 124 ↗

Group cash flows — FY2024 source

45 metrics

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Group cash flows — FY2024 source from Annual Report 2025
Metric / unit	2024Group	2023Group	Source
Cash flows from operating activities
Profit/(loss) before taxSingapore dollars thousands	6,080	(10,821)	PDF p. 125
Adjustments for:
Amortisation of intangible assetsSingapore dollars thousands	162	370	PDF p. 125
Depreciation of plant and equipmentSingapore dollars thousands	662	677	PDF p. 125
Depreciation of right-of-use assetsSingapore dollars thousands	2,207	3,695	PDF p. 125
Finance expenseSingapore dollars thousands	2,230	748	PDF p. 125
Finance incomeSingapore dollars thousands	(242)	(138)	PDF p. 125
Impairment loss on investment in associateSingapore dollars thousands	–	1,673	PDF p. 125
Gain/(loss) on disposal of plant and equipment and intangible assetsSingapore dollars thousands	(67)	73	PDF p. 125 Label p. 125
Gain on disposal of a subsidiarySingapore dollars thousands	–	(77)	PDF p. 125
Gain on derecognition of right-of-use assetsSingapore dollars thousands	(6)	–	PDF p. 125
Reversal of provision for warrantiesSingapore dollars thousands	–	(6)	PDF p. 125
Reversal of provision for reinstatement costsSingapore dollars thousands	(6)	–	PDF p. 125
Reversal of onerous contractsSingapore dollars thousands	–	(130)	PDF p. 125
Reversal of provision for restructuring costsSingapore dollars thousands	(615)	–	PDF p. 125
Impairment loss/(reversal of impairment loss) on trade and other receivables, netSingapore dollars thousands	796	(197)	PDF p. 125 Label p. 125
Write-off of contract assetsSingapore dollars thousands	865	1,132	PDF p. 125
Share-based payments expensesSingapore dollars thousands	97	391	PDF p. 125
Share of profit of associateSingapore dollars thousands	(222)	(90)	PDF p. 125
SubtotalSingapore dollars thousands	11,941	(2,700)	PDF p. 125
Changes in:
InventoriesSingapore dollars thousands	(9,201)	(21,206)	PDF p. 125
Adjustments for:
Contract assetsSingapore dollars thousands	(2,163)	8,691	PDF p. 125
Trade and other receivablesSingapore dollars thousands	(52,587)	5,205	PDF p. 125
Trade and other payablesSingapore dollars thousands	34,887	18,452	PDF p. 125
Contract liabilitiesSingapore dollars thousands	4,625	2,777	PDF p. 125
Provisions and employee benefit obligationsSingapore dollars thousands	1,513	1,128	PDF p. 125
Cash generated from operationsSingapore dollars thousands	(10,985)	12,347	PDF p. 125
Tax paidSingapore dollars thousands	(1,854)	(450)	PDF p. 125
Net cash (used in)/from operating activitiesSingapore dollars thousands	(12,839)	11,897	PDF p. 125
Cash flows from investing activities
Proceeds from disposal of plant and equipmentSingapore dollars thousands	68	6	PDF p. 125
Disposal of a subsidiary, net of cash disposed ofSingapore dollars thousands	–	(60)	PDF p. 125
Purchase of plant and equipmentSingapore dollars thousands	(827)	(406)	PDF p. 125
Purchase of intangible assetsSingapore dollars thousands	(120)	(56)	PDF p. 125
Interest receivedSingapore dollars thousands	228	108	PDF p. 125
Net cash used in investing activitiesSingapore dollars thousands	(651)	(408)	PDF p. 125
Cash flows from financing activities
Interest paidSingapore dollars thousands	(1,622)	(724)	PDF p. 125
Payment of share-based payment expensesSingapore dollars thousands	(534)	(518)	PDF p. 125
Proceeds from bank loansSingapore dollars thousands	57,909	13,028	PDF p. 125
Repayment of short-term loansSingapore dollars thousands	(34,688)	(4,336)	PDF p. 125
Purchase of treasury sharesSingapore dollars thousands	(118)	(124)	PDF p. 125
Payment of lease liabilitiesSingapore dollars thousands	(1,992)	(4,056)	PDF p. 125
Net cash from financing activitiesSingapore dollars thousands	18,955	3,270	PDF p. 125
Net increase in cash and cash equivalentsSingapore dollars thousands	5,465	14,759	PDF p. 125
Cash and cash equivalents at 1 JanuarySingapore dollars thousands	32,820	18,372	PDF p. 125
Effect of exchange rate changes on cash held in foreign currenciesSingapore dollars thousands	296	(311)	PDF p. 125
Cash and cash equivalents at 31 DecemberSingapore dollars thousands	38,581	32,820	PDF p. 125

Definitions & sources

Original report: PDF p. 125 ↗

EPS inputs — FY2024 source / physical 170 / original block 1

1 metrics

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EPS inputs — FY2024 source / physical 170 / original block 1 from Annual Report 2025
Metric / unit	2024Group	2023Group	Source
Original EPS input calculation
Profit/(loss) attributable to equity holders of the CompanySingapore dollars thousands	4,179	(11,503)	PDF p. 170

Definitions & sources

Original report: PDF p. 170 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

EPS inputs — FY2024 source / physical 170 / original block 2

3 metrics

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EPS inputs — FY2024 source / physical 170 / original block 2 from Annual Report 2025
Metric / unit	2024Group	2023Group	Source
Original EPS input calculation
Issued ordinary shares at beginning of the yearshares thousands	452,491	454,423	PDF p. 170
Effect of own shares heldshares thousands	321	(1,932)	PDF p. 170
Weighted average number of ordinary shares during the yearshares thousands	452,812	452,491	PDF p. 170

Definitions & sources

Original report: PDF p. 170 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

EPS inputs — FY2024 source / physical 171 / original block 1

1 metrics

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EPS inputs — FY2024 source / physical 171 / original block 1 from Annual Report 2025
Metric / unit	2024Group	2023Group	Source
Original EPS input calculation
Profit/(loss) attributable to equity holders of the CompanySingapore dollars thousands	4,179	(11,503)	PDF p. 171

Definitions & sources

Original report: PDF p. 171 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

EPS inputs — FY2024 source / physical 171 / original block 2

3 metrics

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EPS inputs — FY2024 source / physical 171 / original block 2 from Annual Report 2025
Metric / unit	2024Group	2023Group	Source
Original EPS input calculation
Weighted average number of ordinary shares (basic)shares thousands	452,812	452,491	PDF p. 171
Effect of RSP shares vested but not releasedshares thousands	14,665	15,690	PDF p. 171
Weighted average number of ordinary shares (diluted) during the yearshares thousands	467,477	468,181	PDF p. 171 Label p. 171

Definitions & sources

Original report: PDF p. 171 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

Group and Company financial position — FY2022 source

34 metrics

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Group and Company financial position — FY2022 source from Annual Report 2025
Metric / unit	2022Group	2021Group	2022Company	2021Company	Source
Non-current assets
Plant and equipmentSingapore dollars thousands	1,037	1,208	38	51	PDF p. 120
Group and Company financial position — FY2022 source
Intangible assetsSingapore dollars thousands	514	6,938	29	80	PDF p. 120
Right-of-use assetsSingapore dollars thousands	4,426	6,930	1,765	3,064	PDF p. 120
SubsidiariesSingapore dollars thousands	–	–	19,561	24,374	PDF p. 120
AssociateSingapore dollars thousands	1,844	1,818	–	–	PDF p. 120
Deferred tax assetsSingapore dollars thousands	612	738	28	28	PDF p. 120
Trade and other receivablesSingapore dollars thousands	1,065	813	–	–	PDF p. 120
Total non-current assetsSingapore dollars thousands	9,498	18,445	21,421	27,597	PDF p. 120
Current assets
InventoriesSingapore dollars thousands	12,353	10,571	7,291	6,778	PDF p. 120
Contract assetsSingapore dollars thousands	25,047	21,999	–	–	PDF p. 120
Trade and other receivablesSingapore dollars thousands	46,380	30,641	11,786	8,595	PDF p. 120
Cash and cash equivalentsSingapore dollars thousands	18,372	34,811	2,024	10,030	PDF p. 120
Total current assetsSingapore dollars thousands	102,152	98,022	21,101	25,403	PDF p. 120
Total assetsSingapore dollars thousands	111,650	116,467	42,522	53,000	PDF p. 120
Equity
Share capitalSingapore dollars thousands	21,987	21,987	21,987	21,987	PDF p. 120
ReservesSingapore dollars thousands	6,355	7,637	14,375	14,084	PDF p. 120
Accumulated profits/(losses)Singapore dollars thousands	14,901	27,685	(2,226)	773	PDF p. 120
Total equity attributable to equity
Total equity attributable to equity holders of the CompanySingapore dollars thousands	43,243	57,309	34,136	36,844	PDF p. 120 Label p. 120
Non-controlling interestsSingapore dollars thousands	–	–	–	–	PDF p. 120
Total equitySingapore dollars thousands	43,243	57,309	34,136	36,844	PDF p. 120
Non-current liabilities
Contract liabilitiesSingapore dollars thousands	82	123	–	–	PDF p. 120
Other payablesSingapore dollars thousands	407	–	–	–	PDF p. 120
Lease liabilitiesSingapore dollars thousands	983	3,422	490	1,770	PDF p. 120
ProvisionsSingapore dollars thousands	432	412	294	294	PDF p. 120
Total non-current liabilitiesSingapore dollars thousands	1,904	3,957	784	2,064	PDF p. 120
Current liabilities
Contract liabilitiesSingapore dollars thousands	7,194	3,836	–	–	PDF p. 120
Current tax payableSingapore dollars thousands	32	17	–	–	PDF p. 120
Trade and other payablesSingapore dollars thousands	52,809	45,429	6,322	12,822	PDF p. 120
Loans and borrowingsSingapore dollars thousands	2,578	2,502	–	–	PDF p. 120
Lease liabilitiesSingapore dollars thousands	3,405	3,300	1,280	1,270	PDF p. 120
ProvisionsSingapore dollars thousands	485	117	–	–	PDF p. 120
Total current liabilitiesSingapore dollars thousands	66,503	55,201	7,602	14,092	PDF p. 120
Total liabilitiesSingapore dollars thousands	68,407	59,158	8,386	16,156	PDF p. 120
Total equity and liabilitiesSingapore dollars thousands	111,650	116,467	42,522	53,000	PDF p. 120

Definitions & sources

Original report: PDF p. 120 ↗

Group income — FY2022 source

21 metrics

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Group income — FY2022 source from Annual Report 2025
Metric / unit	2022Group	2021Group	Source
Group income — FY2022 source
RevenueSingapore dollars thousands	232,603	194,350	PDF p. 121
Cost of salesSingapore dollars thousands	(214,023)	(177,979)	PDF p. 121
Gross profitSingapore dollars thousands	18,580	16,371	PDF p. 121
Other incomeSingapore dollars thousands	783	3,449	PDF p. 121
Sales and marketing expensesSingapore dollars thousands	(8,320)	(7,027)	PDF p. 121
Administrative expensesSingapore dollars thousands	(15,254)	(14,051)	PDF p. 121
Impairment loss on goodwillSingapore dollars thousands	(6,407)	–	PDF p. 121
Other expensesSingapore dollars thousands	(600)	(260)	PDF p. 121
Results from operating activitiesSingapore dollars thousands	(11,218)	(1,518)	PDF p. 121
Finance incomeSingapore dollars thousands	106	67	PDF p. 121
Finance costsSingapore dollars thousands	(600)	(650)	PDF p. 121
Net finance costsSingapore dollars thousands	(494)	(583)	PDF p. 121
Share of profit/(loss) of associate (net of tax)Singapore dollars thousands	29	(134)	PDF p. 121
Loss before taxSingapore dollars thousands	(11,683)	(2,235)	PDF p. 121
Tax expenseSingapore dollars thousands	(567)	(465)	PDF p. 121
Loss for the yearSingapore dollars thousands	(12,250)	(2,700)	PDF p. 121
Loss attributable to:
Owners of the CompanySingapore dollars thousands	(12,250)	(2,700)	PDF p. 121
Group income — FY2022 source
Non-controlling interestsSingapore dollars thousands	–	–	PDF p. 121
Loss for the yearSingapore dollars thousands	(12,250)	(2,700)	PDF p. 121
Earnings per share
Basic earnings per share (cents)Singapore cents per share	(2.70)	(0.59)	PDF p. 121
Diluted earnings per share (cents)Singapore cents per share	(2.62)	(0.59)	PDF p. 121

Definitions & sources

Original report: PDF p. 121 ↗

Group comprehensive income — FY2022 source

14 metrics

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Group comprehensive income — FY2022 source from Annual Report 2025
Metric / unit	2022Group	2021Group	Source
Group comprehensive income — FY2022 source
Loss for the yearSingapore dollars thousands	(12,250)	(2,700)	PDF p. 122
Items that will not be reclassified to profit or loss:
Defined benefit plan remeasurementsSingapore dollars thousands	42	106	PDF p. 122
Tax on items that will not be reclassified to profit or lossSingapore dollars thousands	(9)	(23)	PDF p. 122
SubtotalSingapore dollars thousands	33	83	PDF p. 122
or loss:
Translation differences relating to financial statements of foreign subsidiariesSingapore dollars thousands	(1,288)	104	PDF p. 122 Label p. 122
Items that are or may be reclassified subsequently to profit
Share of foreign currency translation differences of associateSingapore dollars thousands	(3)	4	PDF p. 122
Realisation of reserve upon liquidation of a subsidiarySingapore dollars thousands	–	14	PDF p. 122
Exchange differences on monetary items forming part of net investment in foreign operationsSingapore dollars thousands	(282)	–	PDF p. 122 Label p. 122
SubtotalSingapore dollars thousands	(1,573)	122	PDF p. 122
Other comprehensive income for the year, net of taxSingapore dollars thousands	(1,540)	205	PDF p. 122 Label p. 122
Total comprehensive income for the yearSingapore dollars thousands	(13,790)	(2,495)	PDF p. 122
Total comprehensive income attributable to:
Owners of the CompanySingapore dollars thousands	(13,790)	(2,495)	PDF p. 122
Non-controlling interestsSingapore dollars thousands	–	–	PDF p. 122
Total comprehensive income for the yearSingapore dollars thousands	(13,790)	(2,495)	PDF p. 122

Definitions & sources

Original report: PDF p. 122 ↗

Group changes in equity — FY2022 source / ending 2021 / comprehensive income

10 metrics

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Group changes in equity — FY2022 source / ending 2021 / comprehensive income from Annual Report 2025
Metric / unit	2021Group / Share capital	2021Group / Accumulated profits	2021Group / General reserve	2021Group / Capital reserves	2021Group / Goodwill written off	2021Group / Share option reserve	2021Group / Reserve for own shares	2021Group / Exchange translation reserve	2021Group / Total attributable to owners	2021Group / Non-controlling interests	2021Group / Total equity	Source
Group changes in equity — FY2022 source / ending 2021 / comprehensive income
At 1 January 2021Singapore dollars thousands	21,987	32,574	27	16,605	(1,538)	981	(1)	(8,846)	61,789	11	61,800	PDF p. 123
Total comprehensive income for the year
Loss for the yearSingapore dollars thousands	–	(2,700)	–	–	–	–	–	–	(2,700)	–	(2,700)	PDF p. 123
Other comprehensive income
Translation differences relating to financial statements of foreign subsidiariesSingapore dollars thousands	–	–	–	–	–	–	–	104	104	–	104	PDF p. 123 Label p. 123
Total comprehensive income
Share of foreign currency translation differences of associateSingapore dollars thousands	–	–	–	–	–	–	–	4	4	–	4	PDF p. 123 Label p. 123
Realisation of reserve upon liquidation of a subsidiarySingapore dollars thousands	–	–	–	–	–	–	–	14	14	–	14	PDF p. 123 Label p. 123
Liquidation of a subsidiarySingapore dollars thousands	–	–	–	–	–	–	–	–	–	(11)	(11)	PDF p. 123
Defined benefit plan remeasurementsSingapore dollars thousands	–	106	–	–	–	–	–	–	106	–	106	PDF p. 123
Tax on items that will not be reclassified to profit or lossSingapore dollars thousands	–	(23)	–	–	–	–	–	–	(23)	–	(23)	PDF p. 123 Label p. 123
Total other comprehensive incomeSingapore dollars thousands	–	83	–	–	–	–	–	122	205	(11)	194	PDF p. 123
Total comprehensive income for the yearSingapore dollars thousands	–	(2,617)	–	–	–	–	–	122	(2,495)	(11)	(2,506)	PDF p. 123 Label p. 123

Definitions & sources

Original report: PDF p. 123 ↗

Group changes in equity — FY2022 source / ending 2021 / owner transactions and closing

6 metrics

Units appear below each metric. Scroll to compare years

Group changes in equity — FY2022 source / ending 2021 / owner transactions and closing from Annual Report 2025
Metric / unit	2021Group / Share capital	2021Group / Accumulated profits	2021Group / General reserve	2021Group / Capital reserves	2021Group / Goodwill written off	2021Group / Share option reserve	2021Group / Reserve for own shares	2021Group / Exchange translation reserve	2021Group / Total attributable to owners	2021Group / Non-controlling interests	2021Group / Total equity	Source
Contributions by and distributions to owners
of the Company Share-based payments expensesSingapore dollars thousands	–	–	–	–	–	485	–	–	485	–	485	PDF p. 124 Label p. 124
Contributions by and distributions to
Purchase of treasury sharesSingapore dollars thousands	–	–	–	–	–	–	(198)	–	(198)	–	(198)	PDF p. 124
Final dividend of 0.5 cents per share
Final dividend of 0.5 cents per share (one-tier tax exempt)Singapore cents per share	–	(2,272)	–	–	–	–	–	–	(2,272)	–	(2,272)	PDF p. 124 Label p. 124
Total contributions by and distributions to owners of the CompanySingapore cents per share	–	(2,272)	–	–	–	485	(198)	–	(1,985)	–	(1,985)	PDF p. 124 Label p. 124
Total transactions with owners of the CompanySingapore cents per share	–	(2,272)	–	–	–	485	(198)	–	(1,985)	–	(1,985)	PDF p. 124 Label p. 124
At 31 December 2021Singapore cents per share	21,987	27,685	27	16,605	(1,538)	1,466	(199)	(8,724)	57,309	–	57,309	PDF p. 124

Definitions & sources

Original report: PDF p. 124 ↗

Group changes in equity — FY2022 source / ending 2022 / comprehensive income

9 metrics

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Group changes in equity — FY2022 source / ending 2022 / comprehensive income from Annual Report 2025
Metric / unit	2022Group / Share capital	2022Group / Accumulated profits	2022Group / General reserve	2022Group / Capital reserves	2022Group / Goodwill written off	2022Group / Share option reserve	2022Group / Reserve for own shares	2022Group / Exchange translation reserve	2022Group / Total attributable to owners	2022Group / Non-controlling interests	2022Group / Total equity	Source
Group changes in equity — FY2022 source / ending 2022 / comprehensive income
At 1 January 2022Singapore dollars thousands	21,987	27,685	27	16,605	(1,538)	1,466	(199)	(8,724)	57,309	–	57,309	PDF p. 125
Total comprehensive income for the year
Loss for the yearSingapore dollars thousands	–	(12,250)	–	–	–	–	–	–	(12,250)	–	(12,250)	PDF p. 125
Other comprehensive income
Translation differences relating to financial statements of foreign subsidiariesSingapore dollars thousands	–	–	–	–	–	–	–	(1,288)	(1,288)	–	(1,288)	PDF p. 125 Label p. 125
Total comprehensive income
Share of foreign currency translation differences of associateSingapore dollars thousands	–	–	–	–	–	–	–	(3)	(3)	–	(3)	PDF p. 125 Label p. 125
Exchange differences on monetary items forming part of net investment in a foreign operationSingapore dollars thousands	–	–	–	–	–	–	–	(282)	(282)	–	(282)	PDF p. 125 Label p. 125
Defined benefit plan remeasurementsSingapore dollars thousands	–	42	–	–	–	–	–	–	42	–	42	PDF p. 125
Tax on items that will not be reclassified to profit or lossSingapore dollars thousands	–	(9)	–	–	–	–	–	–	(9)	–	(9)	PDF p. 125 Label p. 125
Total other comprehensive incomeSingapore dollars thousands	–	33	–	–	–	–	–	(1,573)	(1,540)	–	(1,540)	PDF p. 125
Total comprehensive income for the yearSingapore dollars thousands	–	(12,217)	–	–	–	–	–	(1,573)	(13,790)	–	(13,790)	PDF p. 125 Label p. 125

Definitions & sources

Original report: PDF p. 125 ↗

Group changes in equity — FY2022 source / ending 2022 / owner transactions and closing

7 metrics

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Group changes in equity — FY2022 source / ending 2022 / owner transactions and closing from Annual Report 2025
Metric / unit	2022Group / Share capital	2022Group / Accumulated profits	2022Group / General reserve	2022Group / Capital reserves	2022Group / Goodwill written off	2022Group / Share option reserve	2022Group / Reserve for own shares	2022Group / Exchange translation reserve	2022Group / Total attributable to owners	2022Group / Non-controlling interests	2022Group / Total equity	Source
Contributions by and distributions to owners
of the Company Share-based payments expensesSingapore dollars thousands	–	–	–	(2)	–	408	–	–	406	–	406	PDF p. 126 Label p. 126
Contributions by and distributions to
Purchase of treasury sharesSingapore dollars thousands	–	–	–	–	–	–	(169)	–	(169)	–	(169)	PDF p. 126
Share options exercisedSingapore dollars thousands	–	–	–	–	–	(62)	116	–	54	–	54	PDF p. 126
Final dividend of 0.125 cents per share
Final dividend of 0.125 cents per share (one-tier tax exempt)Singapore cents per share	–	(567)	–	–	–	–	–	–	(567)	–	(567)	PDF p. 126 Label p. 126
Total contributions by and distributions to owners of the CompanySingapore cents per share	–	(567)	–	(2)	–	346	(53)	–	(276)	–	(276)	PDF p. 126 Label p. 126
Total transactions with owners of the CompanySingapore cents per share	–	(567)	–	(2)	–	346	(53)	–	(276)	–	(276)	PDF p. 126 Label p. 126
At 31 December 2022Singapore cents per share	21,987	14,901	27	16,603	(1,538)	1,812	(252)	(10,297)	43,243	–	43,243	PDF p. 126

Definitions & sources

Original report: PDF p. 126 ↗

Group cash flows — FY2022 source

41 metrics

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Group cash flows — FY2022 source from Annual Report 2025
Metric / unit	2022Group	2021Group	Source
Cash flows from operating activities
Loss before taxSingapore dollars thousands	(11,683)	(2,235)	PDF p. 127
Adjustments for:
Amortisation of intangible assetsSingapore dollars thousands	442	261	PDF p. 127
Depreciation of plant and equipmentSingapore dollars thousands	786	708	PDF p. 127
Depreciation of right-of-use assetsSingapore dollars thousands	3,894	4,435	PDF p. 127
Finance expenseSingapore dollars thousands	600	650	PDF p. 127
Finance incomeSingapore dollars thousands	(106)	(67)	PDF p. 127
Impairment loss on goodwillSingapore dollars thousands	6,407	–	PDF p. 127
Gain on disposal of plant and equipmentSingapore dollars thousands	(56)	(73)	PDF p. 127
Gain on liquidation of a subsidiarySingapore dollars thousands	–	(17)	PDF p. 127
Negative goodwill on acquisition of interest in subsidiariesSingapore dollars thousands	(16)	–	PDF p. 127
Gain on derecognition of right-of-use assetsSingapore dollars thousands	(17)	(39)	PDF p. 127
Write-back of provision for warrantiesSingapore dollars thousands	(29)	(50)	PDF p. 127
Write-back of reinstatement costsSingapore dollars thousands	(49)	–	PDF p. 127
(Reversal of impairment loss)/Impairment loss on trade receivablesSingapore dollars thousands	(10)	6	PDF p. 127 Label p. 127
Share-based payments expensesSingapore dollars thousands	406	485	PDF p. 127
Share of (profit)/loss of associateSingapore dollars thousands	(29)	134	PDF p. 127
SubtotalSingapore dollars thousands	540	4,198	PDF p. 127
Changes in:
InventoriesSingapore dollars thousands	(729)	(3,002)	PDF p. 127
Adjustments for:
Contract assetsSingapore dollars thousands	(1,622)	2,513	PDF p. 127
Trade and other receivablesSingapore dollars thousands	(12,830)	9,241	PDF p. 127
Trade and other payablesSingapore dollars thousands	12,966	16,005	PDF p. 127
Deferred incomeSingapore dollars thousands	–	(840)	PDF p. 127
Contract liabilitiesSingapore dollars thousands	1,006	80	PDF p. 127
Provisions and employee benefit obligationsSingapore dollars thousands	416	(78)	PDF p. 127
Cash generated from operationsSingapore dollars thousands	(253)	28,117	PDF p. 127
Tax paidSingapore dollars thousands	(577)	(389)	PDF p. 127
Net cash (used in)/from operating activitiesSingapore dollars thousands	(830)	27,728	PDF p. 127
Cash flows from investing activities
Proceeds from disposal of plant and equipmentSingapore dollars thousands	61	86	PDF p. 127
Acquisition of subsidiaries, net of cash acquiredSingapore dollars thousands	(1,316)	–	PDF p. 127
Proceeds from liquidation of a subsidiarySingapore dollars thousands	–	14	PDF p. 127
Purchase of plant and equipmentSingapore dollars thousands	(481)	(934)	PDF p. 127
Purchase of intangible assetsSingapore dollars thousands	(271)	(226)	PDF p. 127
Interest receivedSingapore dollars thousands	60	16	PDF p. 127
Net cash used in investing activitiesSingapore dollars thousands	(1,947)	(1,044)	PDF p. 127
Cash flows from financing activities
Dividends paidSingapore dollars thousands	(567)	(2,272)	PDF p. 127
Interest paidSingapore dollars thousands	(561)	(616)	PDF p. 127
Proceeds from bank loansSingapore dollars thousands	10,840	23,362	PDF p. 127
Repayment of short-term loansSingapore dollars thousands	(19,117)	(34,991)	PDF p. 127
Purchase of treasury sharesSingapore dollars thousands	(169)	(198)	PDF p. 127
Payment of lease liabilitiesSingapore dollars thousands	(3,733)	(4,499)	PDF p. 127
Net cash used in financing activitiesSingapore dollars thousands	(13,307)	(19,214)	PDF p. 127

Definitions & sources

Original report: PDF p. 127 ↗

Group cash flows — FY2022 source / continued

4 metrics

Units appear below each metric. Scroll to compare years

Group cash flows — FY2022 source / continued from Annual Report 2025
Metric / unit	2022Group	2021Group	Source
Group cash flows — FY2022 source / continued
Net (decrease)/increase in cash and cash equivalentsSingapore dollars thousands	(16,084)	7,470	PDF p. 128
Cash and cash equivalents at 1 JanuarySingapore dollars thousands	34,811	27,311	PDF p. 128
Effect of exchange rate changes on cash held in foreign currenciesSingapore dollars thousands	(355)	30	PDF p. 128 Label p. 128
Cash and cash equivalents at 31 DecemberSingapore dollars thousands	18,372	34,811	PDF p. 128

Definitions & sources

Original report: PDF p. 128 ↗

EPS inputs — FY2022 source / physical 181 / original block 1

1 metrics

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EPS inputs — FY2022 source / physical 181 / original block 1 from Annual Report 2025
Metric / unit	2022Group	2021Group	Source
Original EPS input calculation
Loss attributable to equity holders of the CompanySingapore dollars thousands	(12,250)	(2,700)	PDF p. 181

Definitions & sources

Original report: PDF p. 181 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

EPS inputs — FY2022 source / physical 182 / original block 1

3 metrics

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EPS inputs — FY2022 source / physical 182 / original block 1 from Annual Report 2025
Metric / unit	2022Group	2021Group	Source
Original EPS input calculation
Issued ordinary shares at beginning of the yearshares thousands	454,423	454,423	PDF p. 182
Effect of own shares heldshares thousands	(1,338)	(551)	PDF p. 182
Weighted average number of ordinary shares during the yearshares thousands	453,085	453,872	PDF p. 182

Definitions & sources

Original report: PDF p. 182 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

EPS inputs — FY2022 source / physical 182 / original block 2

1 metrics

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EPS inputs — FY2022 source / physical 182 / original block 2 from Annual Report 2025
Metric / unit	2022Group	2021Group	Source
Original EPS input calculation
Loss attributable to equity holders of the CompanySingapore dollars thousands	(12,250)	(2,700)	PDF p. 182

Definitions & sources

Original report: PDF p. 182 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

EPS inputs — FY2022 source / physical 182 / original block 3

3 metrics

Units appear below each metric. Scroll to compare years

EPS inputs — FY2022 source / physical 182 / original block 3 from Annual Report 2025
Metric / unit	2022Group	2021Group	Source
Original EPS input calculation
Weighted average number of ordinary shares (basic)shares thousands	453,085	453,872	PDF p. 182
Effect of RSP shares vested but not releasedshares thousands	15,234	6,816	PDF p. 182
Weighted average number of ordinary shares (diluted) during the yearshares thousands	468,319	460,688	PDF p. 182 Label p. 182

Definitions & sources

Original report: PDF p. 182 ↗

Share counts are thousands; reported basic and diluted EPS figures are retained from primary statements, including original loss-year diluted amounts.

Where the money comes from

Segment information

By business

Information about reportable segments – revenue 10 lines

Information about reportable segments – revenue
Item / unit	2025Personal communications solutions services	2024Personal communications solutions services	2025Info-communications technology services	2024Info-communications technology services	2025Network engineering services	2024Network engineering services	2025Total	2024Total	Source
Revenue
Equipment, software and prepaid cards sales$’000	337,245	224,184	39,637	29,657	11,591	8,863	388,473	262,704	PDF p. 165
Voice services$’000	–	–	1,944	2,350	–	–	1,944	2,350	PDF p. 165
Consultancy, fulfilment and managed services$’000	27,259	17,218	–	–	–	–	27,259	17,218	PDF p. 165
Maintenance support services$’000	–	–	25,196	28,570	617	1,472	25,813	30,042	PDF p. 165
Network engineering projects$’000	–	–	–	–	56,216	42,916	56,216	42,916	PDF p. 165
Info-communication technology projects$’000	–	–	18,339	25,171	–	–	18,339	25,171	PDF p. 165
Total revenue from external customers$’000	364,504	241,402	85,116	85,748	68,424	53,251	518,044	380,401	PDF p. 165
Inter-segment revenue$’000	–	4	432	382	-	–	432	386	PDF p. 165
Timing of revenue recognition
Products transferred at a point in time$’000	364,504	241,402	54,703	50,347	10,729	8,863	429,936	300,612	PDF p. 165
Products and services transferred over time$’000	–	–	30,413	35,401	57,695	44,388	88,108	79,789	PDF p. 165

Notes

Segments: PCS, ICT, NES; Group totals. Currency S$ in thousands ($’000).

Information about reportable segments – results, assets, liabilities, capex and other items 14 lines

Information about reportable segments – results, assets, liabilities, capex and other items
Item / unit	2025Personal communications solutions services	2024Personal communications solutions services	2025Info-communications technology services	2024Info-communications technology services	2025Network engineering services	2024Network engineering services	2025Total	2024Total	Source
Other items
Interest income$’000	135	107	50	122	29	218	214	447	PDF p. 166
Interest expenses$’000	(2,382)	(1,580)	(30)	(371)	(601)	(484)	(3,013)	(2,435)	PDF p. 166
Amortisation of intangible assets$’000	(59)	(60)	(35)	(94)	(1)	(8)	(95)	(162)	PDF p. 166
Depreciation of plant and equipment$’000	(291)	(120)	(98)	(193)	(982)	(349)	(1,371)	(662)	PDF p. 166
Depreciation of right-of-use assets$’000	(2,266)	(1,899)	(162)	(165)	(154)	(143)	(2,582)	(2,207)	PDF p. 166
Reversal of impairment loss/ (impairment loss) on trade and other receivables, net$’000	(3)	–	85	(356)	142	(440)	224	(796)	PDF p. 166
Write-off of contract assets$’000	–	–	(92)	(865)	–	–	(92)	(865)	PDF p. 166
Results
Reportable segment profit/(loss) before income tax$’000	6,774	6,559	1,757	(1,390)	928	689	9,459	5,858	PDF p. 166
Share of profit of associate (net of tax)$’000	–	–	273	222	–	–	273	222	PDF p. 166
Assets
Reportable segment assets$’000	132,459	119,934	36,277	47,745	40,455	31,738	209,191	199,417	PDF p. 166
Investment in associate$’000	–	–	644	489	–	–	644	489	PDF p. 166
Capital expenditure
- plant and equipment$’000	237	537	18	15	2,929	985	3,184	1,537	PDF p. 166
- intangible assets$’000	–	115	25	4	2	1	27	120	PDF p. 166
Liabilities
Reportable segment liabilities$’000	109,368	101,253	34,188	49,259	25,134	14,068	168,690	164,580	PDF p. 166

Notes

Currency S$ in thousands.

Reconciliations of reportable segment revenue, profit, assets and liabilities 10 lines

Reconciliations of reportable segment revenue, profit, assets and liabilities
Item / unit	2025Group	2024Group	Source
Revenue
Total revenue for reportable segments$’000	518,476	380,787	PDF p. 167
Elimination of inter-segment revenue$’000	(432)	(386)	PDF p. 167
Consolidated revenue$’000	518,044	380,401	PDF p. 167
Profit or loss before tax
Total profit or loss for reportable segments$’000	9,459	5,858	PDF p. 167
Share of profit of associate$’000	273	222	PDF p. 167
Consolidated profit before income tax$’000	9,732	6,080	PDF p. 167
Assets
Total assets for reportable segments$’000	209,191	199,417	PDF p. 167
Investment in associate$’000	644	489	PDF p. 167
Consolidated total assets$’000	209,835	199,906	PDF p. 167
Liabilities
Total liabilities for reportable segments$’000	168,690	164,580	PDF p. 167

Notes

Reconciliations of reportable segment revenue, profit or loss, assets and liabilities and other material items.

Other material items 2025 – reconciliation 5 lines

Other material items 2025 – reconciliation
Item / unit	2025Reportable segment totals	2025Adjustments	2025Consolidated totals	Source
Other material items 2025
Interest income$’000	214	(92)	122	PDF p. 167
Interest expenses$’000	(3,013)	92	(2,921)	PDF p. 167
Write-off of contract assets$’000	(92)	–	(92)	PDF p. 167
Other material items 2025 – Capital expenditure
- plant and equipment$’000	3,184	–	3,184	PDF p. 167
- intangible assets$’000	27	–	27	PDF p. 167

Notes

Section 'Other material items 2025'.

Other material items 2024 – reconciliation 6 lines

Other material items 2024 – reconciliation
Item / unit	2024Reportable segment totals	2024Adjustments	2024Consolidated totals	Source
Other material items 2024
Interest income$’000	447	(205)	242	PDF p. 167
Interest expenses$’000	(2,435)	205	(2,230)	PDF p. 167
Impairment loss on trade and other receivables, net$’000	(796)	–	(796)	PDF p. 167
Write-off of contract assets$’000	(865)	–	(865)	PDF p. 167
Other material items 2024 – Capital expenditure
- plant and equipment$’000	1,537	(55)	1,482	PDF p. 167
- intangible assets$’000	120	–	120	PDF p. 167

Notes

Section 'Other material items 2024'.

By geography

Geographical segments – 31 December 7 lines

Geographical segments – 31 December
Item / unit	2025Revenue, 31 December 2025	2025Non-current assets*, 31 December 2025	2024Revenue, 31 December 2024	2024Non-current assets*, 31 December 2024	Source
31 December
Singapore$’000	239,174	3,881	214,838	6,149	PDF p. 168
Malaysia$’000	227,907	136	127,517	163	PDF p. 168
Indonesia$’000	50,453	2,856	36,595	937	PDF p. 168
Hong Kong$’000	5	644	1	489	PDF p. 168
Other countries$’000	505	–	376	–	PDF p. 168
Total$’000	518,044	7,517	380,401	7,738	PDF p. 168
Philippines$’000			1,074	–	PDF p. 168

Notes

*Non-current assets presented consist of plant and equipment, intangible assets, right-of-use assets and investment in associate.

Segment revenue is based on geographical location of customers. Segment assets are based on geographical location of assets.

Major customers: Revenue from two (2024: two) customers of the Group represents approximately 51% (2024: 37%) of the Group’s total revenue.

Total row has no printed label.

Debt

Borrowings

Borrowing notes 2 tables

Loans and borrowings (current liabilities)

Loans and borrowings (current liabilities)
Item / unit	2025Group, $'000	2024Group, $'000	2025Company, $'000	2024Company, $'000	Source
Current liabilities
Secured bank loans$'000	–	12,036	–	–	PDF p. 151
Unsecured bank loans$'000	16,340	26,217	4,000	19,300	PDF p. 151
Total loans and borrowings (unlabelled subtotal)$'000	16,340	38,253	4,000	19,300	PDF p. 151

Notes

All loans and borrowings presented under current liabilities; no non-current borrowings shown. The secured bank loans of the Group for year 2024 are secured over trade receivables with carrying amounts of S$12,036,000 (see note 10).

Subtotal row has no printed label.

Lease liabilities

Lease liabilities
Item / unit	2025Group, $'000	2024Group, $'000	2025Company, $'000	2024Company, $'000	Source
Lease liabilities
Non-current$'000	1,188	3,648	728	2,089	PDF p. 153
Current$'000	2,045	2,126	1,397	1,310	PDF p. 153
Total lease liabilities (unlabelled subtotal)$'000	3,233	5,774	2,125	3,399	PDF p. 153

Notes

Subtotal row has no printed label.

Payout

Dividends & distributions

Dividend policy

Item	Value	Period / scope	Source
Dividend Policy	Our Board has adopted a formal dividend policy under which our Company aims to declare a dividend annually. Barring unforeseen circumstances, our Company plans to pay dividend of at least 30% of net profit after tax, subject to our Group’s cash flow and capital requirements.	Company	PDF p. 51

Dividends declared and proposed

Item	Value	Period / scope	Source
0.45 cents per qualifying ordinary share (2024: 0.125 cents)	0.45 cents per share	Final dividend proposed for FY2025, exempt (one-tier)	PDF p. 147
0.125 cents per qualifying ordinary share	0.125 cents per share	Final dividend for FY2024, exempt (one-tier), paid in 2025	PDF p. 147
Net dividends per share (cents) – ordinary	0.45 cents per share	FY2025 vs FY2024 (0.125); change 260.0%	PDF p. 98
Dividends declared ($ million)	2.0 $ million	FY2025 vs FY2024 (0.6); change 258.8%	PDF p. 98

Payout

Item	Value	Period / scope	Source
Dividend payout ratio (%)	30.3%	FY2025 vs FY2024 (14.3%); change 16.0 pt	PDF p. 98

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
Audit firm	KPMG LLP	Group	PDF p. 109
Engagement partner	Tan Khai Boon	Group	PDF p. 109
Opinion	properly drawn up in accordance with the provisions of the Companies Act 1967 (“the Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)s”) so as to give a true and fair view	Group	PDF p. 107

Key audit matters

Item	Value	Period / scope	Source
Valuation of inventories ($53,689,000)	We focused on this area because determination of inventory allowance involves subjective estimates and are influenced by assumptions concerning future demand and sales prices.	Group	PDF p. 107
Revenue recognition for long term contracts ($88,108,000)	We focused on certain long-term contracts where the recognition of revenue depends on the Group’s estimate of percentage of completion for these contracts.	Group	PDF p. 108

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.

Primary Group income, comprehensive income, Group/Company financial position, full Group equity changes and Group cash flows cover FY2021–FY2025. The original presents Group equity on two consecutive landscape pages per year, separately bound to comprehensive income and owner-transaction components.

Monetary amounts are Singapore dollars thousands; EPS is Singapore cents per share. Separate Company income, equity movement and cash-flow statements are not presented. Opening 1 January 2021 Group equity is separately dated, not a full FY2020 series.

Three verified original FY2025, FY2024 and FY2022 reports total 628 physical PDF pages. Primary comparisons cover FY2021–FY2025 with full two-page-per-year Group equity changes. Opening 1 January 2021 is separately dated; no full FY2020 series or historical chart substitution is claimed. Separate Company income, equity movement and cash-flow statements are not presented.

Monetary amounts are Singapore dollars thousands. EPS is Singapore cents per share, and EPS input share counts are thousands. The printed basic denominator bridge retains its source Issued ordinary shares at beginning of the year caption; it is not substituted for the separately disclosed total issued share capital. Basic/diluted loss-year figures and original RSP/option captions are preserved without correcting the source denominator basis.

FY2025 equity physical page 116 has a genuinely blank share-option-reserve cell for Dividends declared and a blank non-controlling-interest cell for Total contributions by and distributions to owners. These two cells remain empty, without inserting zero or a dash. A separate printed Total transactions with owners of the Company caption has no amounts in any column; that unpopulated caption is recorded as source context and not assigned the following closing amounts.

The FY2025 cash-flow FY2024 comparative prints pre-working-capital subtotal SGD12,562 thousand and provisions/employee-benefit working capital SGD892 thousand, compared with SGD11,941 thousand and SGD1,513 thousand in the FY2024 original. The old separate reversals of reinstatement SGD6 thousand and restructuring SGD615 thousand are not separately shown in the newer comparative. The SGD621 thousand differences exactly offset; net operating cash remains negative SGD12,839 thousand. This is an observed presentation bridge; no unprovided cause is inferred.

The FY2022 source equity table includes a FY2021 liquidation of subsidiary NCI movement of negative SGD11 thousand within its OCI aggregation: total OCI is SGD194 thousand and comprehensive income negative SGD2,506 thousand. The original OCI statement prints SGD205 thousand and negative SGD2,495 thousand, with NCI dash. Both original presentations are retained; the equity owners component agrees the OCI statement and the NCI liquidation accounts for the SGD11 thousand total difference.

The FY2024 source labels positive SGD949 thousand as Other expenses, also retained in the FY2025 comparative. FY2022 cash caption Cash generated from operations prints negative SGD253 thousand. Source wording and signs are retained. The FY2022 cash-flow closing line cites note 15 although the cash note is numbered 14; amounts and original source references are not silently corrected.

FY2025 cash equals SGD26,644 thousand (bank SGD24,590 thousand plus deposits SGD2,054 thousand), with no pledged-deposit deduction in this schedule. The FY2022 report separately discloses SGD7,611 thousand noncash bank loans paid directly to suppliers; this is not added to the cash proceeds line. Selected EPS and cash notes supplement primary statements; other note tables/charts are not claimed as fully extracted.

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