Quantum Health V8Y
Financials
ANNUAL REPORT 2025
Explore the statements
10 tablesConsolidated Statement of Profit or Loss and Other Comprehensive Income (Group)
20 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Profit or loss | |||
| RevenueS$'000 | 13,064 | 12,685 | PDF p. 88 |
| Cost of salesS$'000 | (7,132) | (7,028) | PDF p. 88 |
| Gross profitS$'000 | 5,932 | 5,657 | PDF p. 88 |
| Administrative expensesS$'000 | (6,455) | (6,888) | PDF p. 88 |
| Other incomeS$'000 | 214 | 180 | PDF p. 88 |
| Impairment loss on goodwillS$'000 | (2,192) | (1,010) | PDF p. 88 |
| Finance costsS$'000 | (347) | (460) | PDF p. 88 |
| Loss before income taxS$'000 | (2,848) | (2,521) | PDF p. 88 |
| Income tax expenseS$'000 | (65) | (38) | PDF p. 88 |
| Loss for the financial yearS$'000 | (2,913) | (2,559) | PDF p. 88 |
| Other comprehensive income | |||
| Reclassification of cumulative exchange differences relating to strike-off of dormant subsidiaries included in profit or lossS$'000 | 4 | – | PDF p. 88 |
| Reclassification of merger reserve upon strike-off of dormant subsidiaryS$'000 | 2 | – | PDF p. 88 |
| Total comprehensive loss for the financial yearS$'000 | (2,907) | (2,559) | PDF p. 88 |
| Loss attributable to | |||
| Owners of the CompanyS$'000 | (2,743) | (2,234) | PDF p. 88 |
| Non-controlling interestsS$'000 | (170) | (325) | PDF p. 88 |
| Total comprehensive loss attributable to | |||
| Owners of the CompanyS$'000 | (2,737) | (2,234) | PDF p. 88 |
| Non-controlling interestsS$'000 | (170) | (325) | PDF p. 88 |
| SubtotalS$'000 | (2,907) | (2,559) | PDF p. 88 |
| Loss per share attributable to owners of the Company | |||
| Basic losses per sharecents per share | (0.03) | (0.03) | PDF p. 88 |
| Diluted losses per sharecents per share | (0.03) | (0.03) | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
For the financial year ended 31 December 2025. Company-level income statement not presented (only the Company's statement of financial position is presented).
Statements of Financial Position (Group and Company) as at 31 December 2025
31 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Plant and equipmentS$'000 | 820 | 1,059 | 4 | 8 | PDF p. 89 |
| GoodwillS$'000 | 2,378 | 4,570 | – | – | PDF p. 89 |
| Intangible assetsS$'000 | 160 | 452 | – | – | PDF p. 89 |
| Investments in subsidiariesS$'000 | – | – | 812 | 2,074 | PDF p. 89 |
| Investments in associateS$'000 | – | – | – | – | PDF p. 89 |
| Other investmentS$'000 | – | – | – | – | PDF p. 89 |
| Right-of-use assetsS$'000 | 2,322 | 3,249 | – | – | PDF p. 89 |
| Total non-current assetsS$'000 | 5,680 | 9,330 | 816 | 2,082 | PDF p. 89 |
| Current assets | |||||
| InventoriesS$'000 | 62 | 47 | – | – | PDF p. 89 |
| Trade and other receivablesS$'000 | 2,345 | 2,762 | 767 | 1 | PDF p. 89 |
| Cash and cash equivalentsS$'000 | 2,708 | 386 | 2,434 | 32 | PDF p. 89 |
| Total current assetsS$'000 | 5,115 | 3,195 | 3,201 | 33 | PDF p. 89 |
| Assets | |||||
| Total assetsS$'000 | 10,795 | 12,525 | 4,017 | 2,115 | PDF p. 89 |
| Equity | |||||
| Share capitalS$'000 | 242,037 | 237,208 | 242,037 | 237,208 | PDF p. 89 |
| ReservesS$'000 | 11,082 | 11,076 | (228,714) | (228,714) | PDF p. 89 |
| Accumulated lossesS$'000 | (254,643) | (251,900) | (10,051) | (7,854) | PDF p. 89 |
| Equity attributable to owner of the CompanyS$'000 | (1,524) | (3,616) | 3,272 | 640 | PDF p. 89 |
| Non-controlling interestsS$'000 | 471 | 641 | – | – | PDF p. 89 |
| Total equityS$'000 | (1,053) | (2,975) | 3,272 | 640 | PDF p. 89 |
| Non-current liabilities | |||||
| Deferred tax liabilitiesS$'000 | 138 | 154 | – | – | PDF p. 89 |
| Lease liabilitiesS$'000 | 1,410 | 2,132 | – | – | PDF p. 89 |
| Loans and borrowingsS$'000 | 862 | 1,779 | – | – | PDF p. 89 |
| Total non-current liabilitiesS$'000 | 2,410 | 4,065 | – | – | PDF p. 89 |
| Current liabilities | |||||
| Trade and other payablesS$'000 | 7,136 | 7,353 | 745 | 1,475 | PDF p. 89 |
| Lease liabilitiesS$'000 | 980 | 1,126 | – | – | PDF p. 89 |
| Loans and borrowingsS$'000 | 931 | 2,608 | – | – | PDF p. 89 |
| ProvisionsS$'000 | 292 | 297 | – | – | PDF p. 89 |
| Provision for income taxS$'000 | 99 | 51 | – | – | PDF p. 89 |
| Total current liabilitiesS$'000 | 9,438 | 11,435 | 745 | 1,475 | PDF p. 89 |
| Liabilities | |||||
| Total liabilitiesS$'000 | 11,848 | 15,500 | 745 | 1,475 | PDF p. 89 |
| Equity and liabilities | |||||
| Total equity and liabilitiesS$'000 | 10,795 | 12,525 | 4,017 | 2,115 | PDF p. 89 |
Definitions & sources
Original report: PDF p. 89 ↗
As at 31 December 2025. Equity attributable label wraps over two lines: 'Equity attributable to owner of / the Company'.
Consolidated statement of profit or loss and other comprehensive income (Group)
19 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, S$'000 | 2024Group, S$'000 | Source |
|---|---|---|---|
| Profit or loss | |||
| RevenueS$'000 | 13,064 | 12,685 | PDF p. 88 |
| Cost of salesS$'000 | (7,132) | (7,028) | PDF p. 88 |
| Gross profitS$'000 | 5,932 | 5,657 | PDF p. 88 |
| Administrative expensesS$'000 | (6,455) | (6,888) | PDF p. 88 |
| Other incomeS$'000 | 214 | 180 | PDF p. 88 |
| Impairment loss on goodwillS$'000 | (2,192) | (1,010) | PDF p. 88 |
| Finance costsS$'000 | (347) | (460) | PDF p. 88 |
| Loss before income taxS$'000 | (2,848) | (2,521) | PDF p. 88 |
| Income tax expenseS$'000 | (65) | (38) | PDF p. 88 |
| Loss for the financial yearS$'000 | (2,913) | (2,559) | PDF p. 88 |
| Other comprehensive income (may be reclassified to profit or loss) | |||
| Reclassification of cumulative exchange differences relatingS$'000 | 4 | – | PDF p. 88 |
| Reclassification of merger reserve upon strike-off ofS$'000 | 2 | – | PDF p. 88 |
| Total comprehensive loss | |||
| Total comprehensive loss for the financial yearS$'000 | (2,907) | (2,559) | PDF p. 88 |
| Loss attributable to | |||
| Owners of the CompanyS$'000 | (2,743) | (2,234) | PDF p. 88 |
| Non-controlling interestsS$'000 | (170) | (325) | PDF p. 88 |
| Total comprehensive loss attributable to | |||
| Owners of the CompanyS$'000 | (2,737) | (2,234) | PDF p. 88 |
| Non-controlling interestsS$'000 | (170) | (325) | PDF p. 88 |
| Loss per share (cents per share) | |||
| Basic losses per sharecents per share | (0.03) | (0.03) | PDF p. 88 |
| Diluted losses per sharecents per share | (0.03) | (0.03) | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
The accompanying notes form an integral part of and should be read in conjunction with these financial statements.
Only Group columns are printed; no Company income statement is presented.
Consolidated statement of changes in equity (Group) - year ended 31 December 2024
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group, Share capital, S$'000 | 2024Group, Merger reserve, S$'000 | 2024Group, Reserve for own shares, S$'000 | 2024Group, Translation reserve, S$'000 | 2024Group, Share-based payment reserve, S$'000 | 2024Group, Accumulated losses, S$'000 | 2024Group, Attributable to equity holders of the Company, S$'000 | 2024Group, Non-controlling interests, S$'000 | 2024Group, Total, S$'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening balance | ||||||||||
| Balance at 1 January 2024S$'000 | 236,163 | (1,866) | (98) | (4) | 11,606 | (249,666) | (3,865) | 837 | (3,028) | PDF p. 90 |
| Movements 2024 | ||||||||||
| Loss for the yearS$'000 | – | – | – | – | – | (2,234) | (2,234) | (325) | (2,559) | PDF p. 90 |
| Total other comprehensive loss, net of taxationS$'000 | – | – | – | – | – | (2,234) | (2,234) | (325) | (2,559) | PDF p. 90 |
| Shares issued pursuant to share placement (Note 20)S$'000 | 1,100 | – | – | – | – | – | 1,100 | – | 1,100 | PDF p. 90 |
| Dividends paid to non-controlling interestsS$'000 | – | – | – | – | – | – | – | (200) | (200) | PDF p. 90 |
| Partial dilution of interest in a subsidiary to non-controlling interest without changes in control (Note 13)S$'000 | – | 1,534 | – | – | – | – | 1,534 | 329 | 1,863 | PDF p. 90 |
| Share-based payment transactionsS$'000 | – | – | – | – | (96) | – | (96) | – | (96) | PDF p. 90 |
| Share issuance expenses (Note 20)S$'000 | (55) | – | – | – | – | – | (55) | – | (55) | PDF p. 90 |
| Closing balance | ||||||||||
| Balance at 31 December 2024S$'000 | 237,208 | (332) | (98) | (4) | 11,510 | (251,900) | (3,616) | 641 | (2,975) | PDF p. 90 |
Definitions & sources
Original report: PDF p. 90 ↗
The accompanying notes form an integral part of and should be read in conjunction with these financial statements.
Column order as printed: Share capital; Merger reserve; Reserve for own shares; Translation reserve; Share-based payment reserve; Accumulated losses; Attributable to equity holders of the Company; Non-controlling interests; Total. The printed label 'Balance at 31 December 2024' wraps across two lines in the source.
Consolidated statement of changes in equity (Group) - year ended 31 December 2025
9 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, Share capital, S$'000 | 2025Group, Merger reserve, S$'000 | 2025Group, Reserve for own shares, S$'000 | 2025Group, Translation reserve, S$'000 | 2025Group, Share-based payment reserve, S$'000 | 2025Group, Accumulated losses, S$'000 | 2025Group, Attributable to equity holders of the Company, S$'000 | 2025Group, Non-controlling interests, S$'000 | 2025Group, Total, S$'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening balance | ||||||||||
| Balance at 31 December 2024S$'000 | 237,208 | (332) | (98) | (4) | 11,510 | (251,900) | (3,616) | 641 | (2,975) | PDF p. 90 |
| Movements 2025 | ||||||||||
| Loss for the yearS$'000 | – | – | – | – | – | (2,743) | (2,743) | (170) | (2,913) | PDF p. 90 |
| Other comprehensive income | ||||||||||
| Reclassification of translation reserve upon strike-off of dormant subsidiariesS$'000 | – | – | – | 4 | – | – | 4 | – | 4 | PDF p. 90 |
| Reclassification of merger reserve upon strike-off of dormant subsidiaryS$'000 | – | 2 | – | – | – | – | 2 | – | 2 | PDF p. 90 |
| Movements 2025 | ||||||||||
| Total other comprehensive loss, net of taxationS$'000 | – | 2 | – | 4 | – | (2,743) | (2,737) | (170) | (2,907) | PDF p. 90 |
| Shares issued pursuant to share placement (Note 20)S$'000 | 3,000 | – | – | – | – | – | 3,000 | – | 3,000 | PDF p. 90 |
| Shares issued pursuant to debt conversion (Note 20)S$'000 | 2,030 | – | – | – | – | – | 2,030 | – | 2,030 | PDF p. 90 |
| Share issuance expenses (Note 20)S$'000 | (201) | – | – | – | – | – | (201) | – | (201) | PDF p. 90 |
| Closing balance | ||||||||||
| Balance at 31 December 2025S$'000 | 242,037 | (330) | (98) | – | 11,510 | (254,643) | (1,524) | 471 | (1,053) | PDF p. 90 |
Definitions & sources
Original report: PDF p. 90 ↗
The accompanying notes form an integral part of and should be read in conjunction with these financial statements.
Same column order as the 2024 table. The 'Balance at 31 December 2025' label wraps across two lines in the source. Non-controlling interests are shown as a column of this statement (opening 641, closing 471).
Consolidated statement of cash flows (Group)
41 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, S$'000 | 2024Group, S$'000 | Source |
|---|---|---|---|
| Operating activities | |||
| Loss before income taxS$'000 | (2,848) | (2,521) | PDF p. 91 |
| Operating activities - Adjustments for | |||
| Depreciation of plant and equipmentS$'000 | 255 | 285 | PDF p. 91 |
| Amortisation of intangible assetsS$'000 | 292 | 234 | PDF p. 91 |
| Depreciation of right-of-use assetsS$'000 | 1,274 | 1,224 | PDF p. 91 |
| Impairment loss on goodwillS$'000 | 2,192 | 1,010 | PDF p. 91 |
| Gain on disposal of plant and equipmentS$'000 | (1) | (24) | PDF p. 91 |
| Gain on early termination of leaseS$'000 | (2) | – | PDF p. 91 |
| Gain on waiver of debt from related partyS$'000 | (15) | – | PDF p. 91 |
| Provision for reinstatement costsS$'000 | (8) | – | PDF p. 91 |
| Provision for unutilised leaveS$'000 | 3 | 7 | PDF p. 91 |
| Loss allowance for trade receivablesS$'000 | 13 | 20 | PDF p. 91 |
| Unwinding of discount on long-term payableS$'000 | 6 | – | PDF p. 91 |
| Loss on strike-off of subsidiariesS$'000 | 5 | – | PDF p. 91 |
| Interest expensesS$'000 | 341 | 460 | PDF p. 91 |
| Share-based compensation forfeitedS$'000 | – | (96) | PDF p. 91 |
| Plant and equipment written-offS$'000 | 23 | – | PDF p. 91 |
| Operating activities | |||
| Total operating cash flows before movements in workingS$'000 | 1,530 | 599 | PDF p. 91 |
| Operating activities - Changes in working capital | |||
| InventoriesS$'000 | (15) | (10) | PDF p. 91 |
| Trade and other receivablesS$'000 | 404 | 357 | PDF p. 91 |
| Other non-current assetsS$'000 | – | 27 | PDF p. 91 |
| Trade and other payablesS$'000 | 54 | 530 | PDF p. 91 |
| Operating activities | |||
| Cash generated from operationsS$'000 | 1,973 | 1,503 | PDF p. 91 |
| Income tax paidS$'000 | (32) | (55) | PDF p. 91 |
| Net cash generated from operating activitiesS$'000 | 1,941 | 1,448 | PDF p. 91 |
| Investing activities | |||
| Purchase of plant and equipmentS$'000 | (50) | (353) | PDF p. 91 |
| Proceeds from disposal of plant and equipmentS$'000 | 12 | 83 | PDF p. 91 |
| Proceeds from disposal of subsidiariesS$'000 | – | 280 | PDF p. 91 |
| Repayment made to non-controlling interestS$'000 | – | (1,083) | PDF p. 91 |
| Net cash used in investing activitiesS$'000 | (38) | (1,073) | PDF p. 91 |
| Financing activities | |||
| Proceeds from issuance of ordinary sharesS$'000 | 3,000 | 800 | PDF p. 91 |
| Share issuance expensesS$'000 | (201) | (55) | PDF p. 91 |
| Dividend paid to non-controlling interestsS$'000 | – | (200) | PDF p. 91 |
| Loan from a directorS$'000 | 25 | 357 | PDF p. 91 |
| (Repayment to)/Loan from a shareholderS$'000 | (33) | 97 | PDF p. 91 |
| Proceeds from loans and borrowingsS$'000 | – | 450 | PDF p. 91 |
| Repayment of loans and borrowingsS$'000 | (1,049) | (931) | PDF p. 91 |
| Repayment of lease liabilitiesS$'000 | (1,323) | (1,251) | PDF p. 91 |
| Net cash generated from/(used in) financing activitiesS$'000 | 419 | (733) | PDF p. 91 |
| Cash and cash equivalents | |||
| Net changes in cash and cash equivalentsS$'000 | 2,322 | (358) | PDF p. 91 |
| Cash and cash equivalents at beginning of financial yearS$'000 | 386 | 744 | PDF p. 91 |
| Cash and cash equivalents at end of financial yearS$'000 | 2,708 | 386 | PDF p. 91 |
Definitions & sources
Original report: PDF p. 91 ↗
The accompanying notes form an integral part of and should be read in conjunction with these financial statements.
Only Group columns are printed; no Company cash flow statement is presented.
Reconciliation of liabilities arising from financing activities - year 2025 (Group)
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, At 1 January 2025, S$'000 | 2025Group, Financing cash outflows, S$'000 | 2025Group, Non-cash: Purchase of plant and equipment, S$'000 | 2025Group, Non-cash: Debt conversion, S$'000 | 2025Group, Non-cash: Gain on early termination, S$'000 | 2025Group, Non-cash: Interest expense, S$'000 | 2025Group, At 31 December 2025, S$'000 | Source |
|---|---|---|---|---|---|---|---|---|
| Reconciliation 2025 | ||||||||
| Loan from a directorS$'000 | 357 | 25 | – | – | – | – | 382 | PDF p. 92 |
| Loan from a shareholderS$'000 | 97 | (33) | – | – | – | 20 | 84 | PDF p. 92 |
| Loans and borrowingsS$'000 | 4,387 | (1,049) | – | (1,756) | – | 211 | 1,793 | PDF p. 92 |
| Lease liabilitiesS$'000 | 3,258 | (1,323) | 347 | – | (2) | 110 | 2,390 | PDF p. 92 |
Definitions & sources
Original report: PDF p. 92 ↗
The accompanying notes form an integral part of and should be read in conjunction with these financial statements.
'Loan from a shareholder' label wraps across two lines in the source ('Loan from a' / 'shareholder').
Reconciliation of liabilities arising from financing activities - year 2024 (Group)
4 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2024Group, At 1 January 2024, S$'000 | 2024Group, Financing cash outflows, S$'000 | 2024Group, Non-cash: Purchase of plant and equipment, S$'000 | 2024Group, Non-cash: Debt conversion, S$'000 | 2024Group, Non-cash: Gain on early termination, S$'000 | 2024Group, Non-cash: Interest expense, S$'000 | 2024Group, At 31 December 2024, S$'000 | Source |
|---|---|---|---|---|---|---|---|---|
| Reconciliation 2024 | ||||||||
| Loan from a directorS$'000 | – | 357 | – | – | – | – | 357 | PDF p. 92 |
| Loan from a shareholderS$'000 | – | 97 | – | – | – | – | 97 | PDF p. 92 |
| Loans and borrowingsS$'000 | 4,562 | (481) | – | – | – | 306 | 4,387 | PDF p. 92 |
| Lease liabilitiesS$'000 | 1,946 | (1,251) | 2,478 | – | – | 85 | 3,258 | PDF p. 92 |
Definitions & sources
Original report: PDF p. 92 ↗
The accompanying notes form an integral part of and should be read in conjunction with these financial statements.
Note 9 Loss per share (Group)
3 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, FY2025 | 2024Group, FY2024 | Source |
|---|---|---|---|
| Loss per share | |||
| Loss for the financial year attributable to the owners of the CompanyS$'000 | (2,743) | (2,234) | PDF p. 117 |
| Weighted average number of ordinary shares outstanding ('000)'000 shares | 8,288,550 | 7,946,878 | PDF p. 117 |
| Basic and diluted loss per share (cents)cents | (0.03) | (0.03) | PDF p. 117 |
Definitions & sources
Original report: PDF p. 117 ↗
The basic and diluted loss per share is the same as there were no potentially dilutive instruments.
Basic and diluted loss per share are calculated by dividing the loss for the financial year attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the financial year.
Consolidated statement of profit or loss - loss per share attributable to owners (cents per share)
2 metricsUnits appear below each metric. Scroll to compare years
| Metric / unit | 2025Group, FY2025 | 2024Group, FY2024 | Source |
|---|---|---|---|
| Loss per share attributable to owners of the Company (cents per share) | |||
| Basic losses per sharecents per share | (0.03) | (0.03) | PDF p. 88 |
| Diluted losses per sharecents per share | (0.03) | (0.03) | PDF p. 88 |
Definitions & sources
Original report: PDF p. 88 ↗
Note reference 9.
Where the money comes from
Segment information
By business
Segment information - Group 12 lines
| Item / unit | 2025Vascular business | 2025Healthcare business | 2025Corporate | 2025Total | 2024Vascular business | 2024Healthcare business | 2024Corporate | 2024Total | Source |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| External revenue/total revenueS$'000 | – | 13,064 | – | 13,064 | – | 12,685 | – | 12,685 | PDF p. 141PDF p. 142 |
| Results | |||||||||
| Loss before income taxS$'000 | (63) | (283) | (2,502) | (2,848) | (13) | (442) | (2,066) | (2,521) | PDF p. 141PDF p. 142 |
| Income taxS$'000 | – | (65) | – | (65) | – | (37) | (1) | (38) | PDF p. 141PDF p. 142 |
| Loss for the yearS$'000 | (63) | (348) | (2,502) | (2,913) | (13) | (479) | (2,067) | (2,559) | PDF p. 141PDF p. 142 |
| Assets and liabilities | |||||||||
| Segment assetsS$'000 | – | 6,891 | 3,904 | 10,795 | – | 9,834 | 2,691 | 12,525 | PDF p. 141PDF p. 142 |
| Segment liabilitiesS$'000 | (1,076) | (6,520) | (4,252) | (11,848) | (716) | (8,216) | (6,568) | (15,500) | PDF p. 141PDF p. 142 |
| Other segment information | |||||||||
| Expenditure for plant and equipmentS$'000 | – | (50) | – | (50) | – | (353) | – | (353) | PDF p. 141PDF p. 142 |
| Interest expensesS$'000 | – | (264) | (83) | (347) | – | (240) | (220) | (460) | PDF p. 141PDF p. 142 |
| Other non-cash items | |||||||||
| Depreciation of plant and equipmentS$'000 | – | (247) | (8) | (255) | – | (248) | (37) | (285) | PDF p. 141PDF p. 142 |
| Depreciation of right-of-use assetsS$'000 | – | (1,274) | – | (1,274) | – | (1,224) | – | (1,224) | PDF p. 141PDF p. 142 |
| Amortisation of intangible assetsS$'000 | – | (63) | (229) | (292) | PDF p. 141 | ||||
| Impairment loss on goodwillS$'000 | – | (2,192) | – | (2,192) | – | (1,010) | – | (1,010) | PDF p. 141PDF p. 142 |
Notes
Group operations are mainly domiciled in Singapore. Corporate segment consists of investment holding company which does not meet any of the quantitative threshold for determining a reportable operating segment.
The Amortisation of intangible assets row prints only three values in the source (blank Vascular cell); the values (62), (172), (234) appear under Healthcare, Corporate and Total respectively, so the array has three entries and the Vascular cell is blank/unprinted.
Geographical information: The Group operates principally in Singapore. No geographic table is printed. No customers with revenue over 10% of Group revenue for 2025 and 2024.
Debt
Borrowings
Borrowing notes 2 tables
Loans and borrowings (Group, secured)
| Item / unit | 2025S$'000 | 2024S$'000 | Source |
|---|---|---|---|
| Secured | |||
| Term loan IS$'000 | 419 | 620 | PDF p. 133 |
| Term loan IIS$'000 | 80 | 118 | PDF p. 133 |
| Term loan IIIS$'000 | 217 | 339 | PDF p. 133 |
| Term loan IVS$'000 | 196 | 320 | PDF p. 133 |
| Term loan VS$'000 | 123 | 279 | PDF p. 133 |
| Term loan VIS$'000 | 419 | 620 | PDF p. 133 |
| Term loan VIIS$'000 | 145 | 181 | PDF p. 133 |
| Term loan VIIIS$'000 | 194 | 237 | PDF p. 133 |
| Loan from a related partyS$'000 | – | 1,673 | PDF p. 133 |
| Current | |||
| Amount due for settlement within 12 months (shown under current liabilities)S$'000 | (931) | (2,608) | PDF p. 133 |
| Non-current | |||
| Amount due for settlement after 12 monthsS$'000 | 862 | 1,779 | PDF p. 133 |
Notes
Total secured loans 1,793 (2025) and 4,387 (2024) printed without label. Loan from related party fixed 5.5% (2024: 5.50%), fully converted into shares during 2025. Bank loan fixed rates: TL I 5.50%, II 6.50%, III 4.75%, IV 4.75%, V 5.50%, VI 4.75%, VII 7.75%, VIII 8.50%; 48-60 months repayment. All borrowings denominated in S$ (as presented).
Statement of financial position: loans and borrowings and lease liabilities
| Item / unit | 2025S$'000 | 2024S$'000 | Source |
|---|---|---|---|
| Non-current liabilities | |||
| Loans and borrowings (non-current)S$'000 | 862 | 1,779 | PDF p. 89 |
| Current liabilities | |||
| Loans and borrowings (current)S$'000 | 931 | 2,608 | PDF p. 89 |
| Non-current liabilities | |||
| Lease liabilities (non-current)S$'000 | 1,410 | 2,132 | PDF p. 132 |
| Current liabilities | |||
| Lease liabilities (current)S$'000 | 980 | 1,126 | PDF p. 132 |
Notes
Company columns show dash for loans and borrowings. Lease interest fixed 5.25% (2024: 5.25%).
Auditor’s report
Audit & risk signals
Audit opinion
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | FORVIS MAZARS LLP | Group | PDF p. 87 |
| Engagement partner | Zhang Liang | Group | PDF p. 87 |
| Disclaimer of Opinion | We do not express an opinion on the consolidated financial statements of the Group and the statement of financial position of the Company. | Group | PDF p. 85 |
| (b) Completeness of legal liabilities | we were unable to obtain sufficient appropriate audit evidence on the appropriateness of the carrying amount of related liabilities recognised by the Group as of 31 December 2024 and 2025 | Group | PDF p. 86 |
Going concern
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Appropriateness of the use of going concern assumption | These conditions indicate the existence of a material uncertainty which may cast a significant doubt on the ability of the Group to continue as going concern. | Group | PDF p. 85 |
| Going concern assumption | The above conditions may cast a significant doubt on the ability of the Group to continue in operational existence for the foreseeable future and to discharge their liabilities in the normal course of business. | Group | PDF p. 93 |
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.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.