ANNUAL REPORT 2026
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| Income statement | |||
| RevenueS$'000 | 35,362 | 26,373 | PDF p. 76 |
| Cost of salesS$'000 | (25,449) | (19,584) | PDF p. 76 |
| Gross profitsS$'000 | 9,913 | 6,789 | PDF p. 76 |
| Other incomeS$'000 | 2,934 | 336 | PDF p. 76 |
| Administrative expensesS$'000 | (7,680) | (4,144) | PDF p. 76 |
| (Allowance)/Reversal for expected credit lossesS$'000 | (126) | 226 | PDF p. 76 |
| Other operating gain/(expenses)S$'000 | 79 | (12) | PDF p. 76 |
| Finance costsS$'000 | (420) | (335) | PDF p. 76 |
| Loss on reverse acquisitionS$'000 | (9,915) | – | PDF p. 76 |
| Reverse acquisition related listing expensesS$'000 | (1,848) | – | PDF p. 76 |
| (Loss)/Profit before income taxS$'000 | (7,063) | 2,860 | PDF p. 76 |
| Income tax expenseS$'000 | (267) | (119) | PDF p. 76 |
| (Loss)/Profit for the financial year, representing total comprehensive (loss)/income for the financial yearS$'000 | (7,330) | 2,741 | PDF p. 76 |
| Total comprehensive (loss)/income attributable to | |||
| Owners of the CompanyS$'000 | (7,347) | 2,741 | PDF p. 76 |
| Non-controlling interestsS$'000 | 17 | – | PDF p. 76 |
| Total comprehensive (loss)/income for the financial yearS$'000 | (7,330) | 2,741 | PDF p. 76 |
| (Loss)/Profit per share attributable to owners of the Company | |||
| Basic (losses)/earnings per sharecents per share | (4.08) | 52.61 | PDF p. 76 |
| Diluted (losses)/earnings per sharecents per share | (4.08) | 52.61 | PDF p. 76 |
Original report: PDF p. 76 ↗
The accompanying notes form an integral part of and should be read in conjunction with these financial statements.
No separate Company income statement is presented.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, as at 31/03/2026 | 2025Group, as at 31/03/2025 | Source |
|---|---|---|---|
| Current assets | |||
| Cash and bank balancesS$'000 | 6,743 | 3,523 | PDF p. 77 |
| Trade and other receivablesS$'000 | 20,064 | 14,139 | PDF p. 77 |
| Contract assetsS$'000 | 236 | 160 | PDF p. 77 |
| InventoriesS$'000 | 522 | 145 | PDF p. 77 |
| Investments in insurance contractsS$'000 | – | 90 | PDF p. 77 |
| Total current assetsS$'000 | 27,565 | 18,057 | PDF p. 77 |
| Non-current assets | |||
| Trade and other receivablesS$'000 | 22,813 | 22,707 | PDF p. 77 |
| Property, plant and equipmentS$'000 | 75,751 | 68,807 | PDF p. 77 |
| Right-of-use assetsS$'000 | 1,315 | 882 | PDF p. 77 |
| Investment in subsidiariesS$'000 | – | – | PDF p. 77 |
| Investments in insurance contractsS$'000 | 611 | 603 | PDF p. 77 |
| GoodwillS$'000 | 1,750 | – | PDF p. 77 |
| Total non-current assetsS$'000 | 102,240 | 92,999 | PDF p. 77 |
| Assets | |||
| Total assetsS$'000 | 129,805 | 111,056 | PDF p. 77 |
| Current liabilities | |||
| Contract liabilitiesS$'000 | 233 | 428 | PDF p. 77 |
| Trade and other payablesS$'000 | 9,584 | 9,903 | PDF p. 77 |
| Lease liabilitiesS$'000 | 740 | 370 | PDF p. 77 |
| BorrowingsS$'000 | 32,061 | 28,156 | PDF p. 77 |
| Income tax payableS$'000 | 254 | 230 | PDF p. 77 |
| Total current liabilitiesS$'000 | 42,872 | 39,087 | PDF p. 77 |
| Non-current liabilities | |||
| Trade and other payablesS$'000 | 4,077 | 3,424 | PDF p. 77 |
| Lease liabilitiesS$'000 | 636 | 581 | PDF p. 77 |
| BorrowingsS$'000 | 61,199 | 60,924 | PDF p. 77 |
| Convertible bondsS$'000 | 3,650 | – | PDF p. 77 |
| Deferred tax liabilitiesS$'000 | 390 | 377 | PDF p. 77 |
| Total non-current liabilitiesS$'000 | 69,952 | 65,306 | PDF p. 77 |
| Equity | |||
| Share capitalS$'000 | 26,411 | 5,210 | PDF p. 77 |
| (Accumulated losses)/Retained earningsS$'000 | (9,647) | 1,453 | PDF p. 77 |
| Non-controlling interestS$'000 | 217 | – | PDF p. 77 |
| Total equityS$'000 | 16,981 | 6,663 | PDF p. 77 |
| Total liabilities and equityS$'000 | 129,805 | 111,056 | PDF p. 77 |
Original report: PDF p. 77 ↗
Group columns of the statement of financial position as at 31 March 2026 and 31 March 2025.
The row 'Equity attributable to owners of the Company' wraps over two lines; the quote is the second-line fragment with values.
The accompanying notes form an integral part of and should be read in conjunction with these financial statements.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Company, as at 31/03/2026 | 2024Company, as at 31/12/2024 (printed column date) | Source |
|---|---|---|---|
| Current assets | |||
| Cash and bank balancesS$'000 | 32 | 6 | PDF p. 77 |
| Trade and other receivablesS$'000 | 11,445 | – | PDF p. 77 |
| Total current assetsS$'000 | 11,477 | 6 | PDF p. 77 |
| Non-current assets | |||
| Investment in subsidiariesS$'000 | 45,300 | – | PDF p. 77 |
| Total non-current assetsS$'000 | 45,300 | – | PDF p. 77 |
| Assets | |||
| Total assetsS$'000 | 56,777 | 6 | PDF p. 77 |
| Current liabilities | |||
| Trade and other payablesS$'000 | 2,109 | 1,482 | PDF p. 77 |
| Total current liabilitiesS$'000 | 2,109 | 1,482 | PDF p. 77 |
| Non-current liabilities | |||
| Trade and other payablesS$'000 | 14,878 | 840 | PDF p. 77 |
| Convertible bondsS$'000 | 3,650 | – | PDF p. 77 |
| Total non-current liabilitiesS$'000 | 18,528 | 840 | PDF p. 77 |
| Equity | |||
| Share capitalS$'000 | 81,893 | 41,783 | PDF p. 77 |
| (Accumulated losses)/Retained earningsS$'000 | (45,753) | (44,099) | PDF p. 77 |
| Total equityS$'000 | 36,140 | (2,316) | PDF p. 77 |
| Total liabilities and equityS$'000 | 56,777 | 6 | PDF p. 77 |
Original report: PDF p. 77 ↗
Company comparative column is headed 31/12/2024 as printed (not 31/03/2025).
Rows where the Company shows a dash on every line (e.g. contract assets, inventories, PPE) are omitted from this table.
Quotes include the Group columns because the whole printed row contains both.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY ended 31 March 2026, S$'000 | 2025Group, FY ended 31 March 2025, S$'000 | Source |
|---|---|---|---|
| Total comprehensive income | |||
| (Loss)/Profit for the financial year, representing total comprehensive (loss)/income for the financial yearS$'000 | (7,330) | 2,741 | PDF p. 76 |
| Total comprehensive (loss)/income attributable to | |||
| Owners of the CompanyS$'000 | (7,347) | 2,741 | PDF p. 76 |
| Non-controlling interestsS$'000 | 17 | – | PDF p. 76 |
| Total comprehensive income | |||
| Total comprehensive (loss)/income for the financial yearS$'000 | (7,330) | 2,741 | PDF p. 76 |
Original report: PDF p. 76 ↗
No separate other comprehensive income items; profit for the year represents total comprehensive income. Company-level comprehensive income statement not presented.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Share capital, S$'000 | 2026(Accumulated losses)/Retained earnings, S$'000 | 2026Attributable to owners of Company, S$'000 | 2026Non-controlling interests, S$'000 | 2026Total, S$'000 | Source |
|---|---|---|---|---|---|---|
| FY2025 movements | ||||||
| Balance as at 1 April 2024S$'000 | 5,200 | (1,288) | 3,912 | – | 3,912 | PDF p. 78 |
| Issuance of shares (Note 26)S$'000 | 10 | – | 10 | – | 10 | PDF p. 78 |
| FY2025 closing | ||||||
| Balance as at 31 March 2025S$'000 | 5,210 | 1,453 | 6,663 | – | 6,663 | PDF p. 78 |
| FY2026 movements (Loss for the financial year, representing total comprehensive loss) | ||||||
| net of taxationS$'000 | – | (7,347) | (7,347) | 17 | (7,330) | PDF p. 78 |
| FY2026 movements | ||||||
| Capital contribution by non-controlling interestsS$'000 | – | – | – | 200 | 200 | PDF p. 78 |
| FY2026 movements (Deemed dividend arising from RTO) | ||||||
| RTO (Note 2)S$'000 | – | (2,300) | (2,300) | – | (2,300) | PDF p. 78 |
| FY2026 movements | ||||||
| Issuance of shares (Note 26)S$'000 | 21,841 | (1,453) | 20,388 | – | 20,388 | PDF p. 78 |
| FY2026 movements (Share issuance expenses) | ||||||
| (Note 26)S$'000 | (640) | – | (640) | – | (640) | PDF p. 78 |
| FY2026 closing | ||||||
| Balance as at 31 March 2026S$'000 | 26,411 | (9,647) | 16,764 | 217 | 16,981 | PDF p. 78 |
Original report: PDF p. 78 ↗
Column values listed in order: Share capital, (Accumulated losses)/Retained earnings, Attributable to owners of Company, Non-controlling interests, Total. Rows cover FY2025 (year ended 31 Mar 2025) then FY2026 (year ended 31 Mar 2026) movements; column year labels are placeholders for the equity components, see section for period.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group, FY ended 31 March 2026, S$'000 | 2025Group, FY ended 31 March 2025, S$'000 | Source |
|---|---|---|---|
| Operating activities | |||
| (Loss)/Profit before income taxS$'000 | (7,063) | 2,860 | PDF p. 79 |
| Operating activities - Adjustments | |||
| Allowance/(Reversal) for expected credit lossesS$'000 | 126 | (226) | PDF p. 79 |
| (Bad debt recovery)/Bad debtS$'000 | (71) | 19 | PDF p. 79 |
| Depreciation of property, plant and equipmentS$'000 | 13,733 | 9,955 | PDF p. 79 |
| Depreciation of right of use assetsS$'000 | 508 | 201 | PDF p. 79 |
| Gain on investments in insurance contractsS$'000 | (8) | (7) | PDF p. 79 |
| Gain on disposal of property, plant and equipmentS$'000 | (1,812) | (198) | PDF p. 79 |
| Interest expenseS$'000 | 420 | 335 | PDF p. 79 |
| Interest incomeS$'000 | – | (51) | PDF p. 79 |
| Loss on reverse acquisitionS$'000 | 9,915 | – | PDF p. 79 |
| Written off of property, plant and equipmentS$'000 | 6 | 31 | PDF p. 79 |
| Operating activities | |||
| Operating cash flows before movements in working capitalS$'000 | 15,754 | 12,919 | PDF p. 79 |
| Operating activities - Changes in working capital | |||
| Block discounting loansS$'000 | (1,472) | (9,085) | PDF p. 79 |
| Contract assetsS$'000 | (76) | 107 | PDF p. 79 |
| Contract liabilitiesS$'000 | (195) | (105) | PDF p. 79 |
| Hire purchase receivablesS$'000 | (636) | 9,409 | PDF p. 79 |
| InventoriesS$'000 | (378) | (21) | PDF p. 79 |
| Trade and other payablesS$'000 | 5,596 | 5,105 | PDF p. 79 |
| Trade and other receivablesS$'000 | (5,455) | (2,070) | PDF p. 79 |
| Operating activities | |||
| Cash generated from operationsS$'000 | 13,138 | 16,259 | PDF p. 79 |
| Income tax paidS$'000 | (231) | (228) | PDF p. 79 |
| Interest paidS$'000 | (17) | (24) | PDF p. 79 |
| Net cash generated from operating activitiesS$'000 | 12,890 | 16,007 | PDF p. 79 |
| Investing activities | |||
| Amount due from related partiesS$'000 | 5 | 665 | PDF p. 79 |
| Acquisition of businessS$'000 | (750) | – | PDF p. 79 |
| Proceeds from disposal of property, plant and equipmentS$'000 | 10,292 | 2,259 | PDF p. 79 |
| Proceeds from disposal of insurance contractsS$'000 | 90 | – | PDF p. 79 |
| Purchase of property, plant and equipmentS$'000 | (7,011) | (1,970) | PDF p. 79 |
| Net cash generated from investing activitiesS$'000 | 2,626 | 954 | PDF p. 79 |
| Financing activities | |||
| Capital contribution by non-controlling interestsS$'000 | 200 | – | PDF p. 80 |
| Amount due to a directorS$'000 | – | (100) | PDF p. 80 |
| Amount due to related companiesS$'000 | (1,073) | 565 | PDF p. 80 |
| Loan from related companiesS$'000 | (4,484) | 3,783 | PDF p. 80 |
| Repayments of hire purchase borrowingsS$'000 | (11,532) | (10,445) | PDF p. 80 |
| Drawdown of bank loansS$'000 | – | 2,239 | PDF p. 80 |
| Repayments of bank loansS$'000 | (1,481) | (2,828) | PDF p. 80 |
| Repayments of lease liabilities obligationsS$'000 | (561) | (153) | PDF p. 80 |
| Repayments of block discounting loansS$'000 | (10,642) | (9,077) | PDF p. 80 |
| Proceeds from loan from third partyS$'000 | 2,257 | – | PDF p. 80 |
| Proceeds from convertible bondsS$'000 | 5,000 | – | PDF p. 80 |
| Proceeds from issuance of sharesS$'000 | 10,020 | 10 | PDF p. 80 |
| Net cash used in financing activitiesS$'000 | (12,296) | (16,006) | PDF p. 80 |
| Closing cash | |||
| Net changes in cash and cash equivalentsS$'000 | 3,220 | 955 | PDF p. 80 |
| Cash and cash equivalents at beginning of the financial yearS$'000 | 3,523 | 2,568 | PDF p. 80 |
| Cash and cash equivalents at end of the financial yearS$'000 | 6,743 | 3,523 | PDF p. 80 |
Original report: PDF p. 79 ↗ PDF p. 80 ↗
Statement spans physical pages 79 (operating, investing) and 80 (financing, closing cash). Page 81 has a reconciliation of liabilities arising from financing activities with footnotes: (1) Cash flows from block discounting related to the purchase of motor vehicles for rental under property, plant and equipment are classified under financing activities. (2) Cash flows from block discounting related to the providing hire purchase loan to customers are classified under operating activities. That reconciliation is not extracted as rows.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025FY2025 Group | 2026FY2026 Group | Source |
|---|---|---|---|
| Group Financial Highlights | |||
| Fleet Sizeunits | 1,231 | 1,366 | PDF p. 19 |
Original report: PDF p. 19 ↗
A 'Change' column header is printed but has no values. Net Profit* is adjusted; see footnote on page 18: excludes the one-off non-cash accounting loss of S$9.92 million (RTO Accounting Effect) and one-off RTO listing expenses of S$1.85 million.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026FY2026 Group | 2025FY2025 Group | Source |
|---|---|---|---|
| Note 11 | |||
| (Loss)/Profit for the financial year attributable to the owners of the Company (S$’000)S$’000 | (7,347) | 2,741 | PDF p. 114 |
Original report: PDF p. 114 ↗
* The Company has issued convertible bond notes ... basic and diluted loss per share for FY2026 are the same as the potential ordinary shares arising from convertible bonds are anti-dilutive due to the loss incurred during the financial year.
** Computed based on pre-RTO completion issued and paid-up capital of SKAP and represented in accordance with SFRS(I) 1-33 Earnings Per Share.
Basic EPS calculated on existing shares as at 31 March 2026 at 179,860,286 (2025: 5,210,000) for illustrative purposes.
Where the money comes from
| Item / unit | 2026Commercial vehicle leasing business, S$'000 | 2026Credit business, S$'000 | 2026Engineering business, S$'000 | 2026Total, S$'000 | 2025Commercial vehicle leasing business, S$'000 | 2025Credit business, S$'000 | 2025Engineering business, S$'000 | 2025Total, S$'000 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| SalesS$'000 | 26,054 | 3,601 | 5,707 | 35,362 | 18,911 | 3,767 | 3,695 | 26,373 | PDF p. 151PDF p. 153 |
Rows below Segment gross profit show only a value in the Total column (unallocated).
* Finance cost on trading activities for leasing and credit financing i.e. hire purchase financing cost and block discounting financing cost are included under cost of sales of the group.
Rows below Segment gross profit show only a value in the Total column.
| Item / unit | 2026Commercial vehicle leasing business, S$'000 | 2026Credit business, S$'000 | 2026Engineering business, S$'000 | 2026Others, S$'000 | 2026Inter-segment elimination, S$'000 | 2026Total, S$'000 | 2025Commercial vehicle leasing business, S$'000 | 2025Credit business, S$'000 | 2025Engineering business, S$'000 | 2025Others, S$'000 | 2025Inter-segment elimination, S$'000 | 2025Total, S$'000 | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Segment assetsS$'000 | 8,929 | 4,566 | 4,041 | 88 | – | 17,624 | 3,672 | 1,089 | 2,983 | 428 | – | 8,172 | PDF p. 152PDF p. 154 |
| Investments in insurance contractsS$'000 | – | – | – | 611 | – | 611 | – | – | – | 693 | – | 693 | PDF p. 152PDF p. 154 |
| Property, plant and equipmentS$'000 | 73,272 | – | 2,478 | 1 | – | 75,751 | 66,820 | 8 | 1,979 | – | – | 68,807 | PDF p. 152PDF p. 154 |
| GoodwillS$'000 | – | – | 1,750 | – | – | 1,750 | PDF p. 152 | ||||||
| Hire purchase receivables, net of ECLS$'000 | – | 66,235 | – | – | (32,166) | 34,069 | – | 66,215 | – | – | (32,831) | 33,384 | PDF p. 152PDF p. 154 |
| Consolidated total assets as at 31 March 2026S$'000 | 82,201 | 70,801 | 8,269 | 700 | (32,166) | 129,805 | PDF p. 152 | ||||||
| Liabilities | |||||||||||||
| Segment liabilitiesS$'000 | 4,601 | 3,421 | 3,447 | 6,077 | – | 17,546 | 8,255 | 3,328 | 1,762 | 410 | – | 13,755 | PDF p. 152PDF p. 154 |
| BorrowingsS$'000 | 32,366 | 59,421 | 1,473 | – | – | 93,260 | 27,196 | 60,267 | 1,617 | – | – | 89,080 | PDF p. 152PDF p. 154 |
| Lease liabilitiesS$'000 | – | – | 1,376 | – | – | 1,376 | – | – | 951 | – | – | 951 | PDF p. 152PDF p. 154 |
| Deferred tax liabilitiesS$'000 | 373 | – | 17 | – | – | 390 | 358 | 1 | 18 | – | – | 377 | PDF p. 152PDF p. 154 |
| Provision for taxationS$'000 | 40 | 205 | 9 | – | – | 254 | – | 169 | 61 | – | – | 230 | PDF p. 152PDF p. 154 |
| Consolidated total liabilities as at 31 March 2026S$'000 | 37,380 | 63,047 | 6,322 | 6,077 | – | 112,826 | PDF p. 152 | ||||||
| Assets | |||||||||||||
| Combined total assets as at 31 March 2025S$'000 | 70,492 | 67,312 | 4,962 | 1,121 | (32,831) | 111,056 | PDF p. 154 | ||||||
| Liabilities | |||||||||||||
| Combined total liabilities as at 31 March 2025S$'000 | 35,809 | 63,765 | 4,409 | 410 | – | 104,393 | PDF p. 154 | ||||||
Row labels wrap across lines in the source; quotes are the printed row fragments with values. Deferred tax liabilities and Provision for taxation labels begin on the preceding line.
Row labels wrap across lines in the source; quotes are the printed row fragments with values.
Debt
| Item / unit | 202631/03/2026, S$'000 | 202531/03/2025, S$'000 | Source |
|---|---|---|---|
| Maturity profile | |||
| Payable within 1 yearS$'000 | 32,061 | 28,156 | PDF p. 131 |
| Payable between 2 to 5 yearsS$'000 | 57,372 | 55,431 | PDF p. 131 |
| Payable after 5 yearsS$'000 | 3,827 | 5,493 | PDF p. 131 |
Total 93,260 / 89,080 printed.
| Item / unit | 202631 March 2026, S$'000 | 202531 March 2025, S$'000 | Source |
|---|---|---|---|
| Unsecured, SGD, 2%, maturity 2026 | |||
| Unsecured bank loan 3S$'000 | 50 | 250 | PDF p. 133 |
| Unsecured, SGD, 3.25%, maturity 2026 | |||
| Unsecured bank loan 5S$'000 | 55 | 272 | PDF p. 133 |
| Unsecured, SGD, 7.75%, maturity 2027 | |||
| Unsecured bank loan 6S$'000 | 129 | 259 | PDF p. 133 |
| Unsecured, SGD, 7.75%, maturity 2029 | |||
| Unsecured bank loan 7S$'000 | 148 | 193 | PDF p. 134 |
| Unsecured, SGD, 4.75%, maturity 2026 | |||
| Unsecured bank loan 8S$'000 | 113 | 376 | PDF p. 134 |
| Unsecured, SGD, 7.75%, maturity 2029 | |||
| Unsecured bank loan 9S$'000 | 189 | 244 | PDF p. 134 |
| Secured, SGD, 3.68%, maturity 2034 | |||
| Secured bank loan 1S$'000 | 771 | 850 | PDF p. 134 |
| Secured, SGD, 3.1%, maturity 2045 | |||
| Secured bank loan 2S$'000 | 554 | 575 | PDF p. 134 |
| Secured, SGD, SORA + 1%, maturity 2038 | |||
| Secured bank loan 3S$'000 | 173 | 184 | PDF p. 134 |
| Secured, SGD, COF + 1.5%, maturity 2028 | |||
| Secured bank loan 4S$'000 | 61 | 87 | PDF p. 135 |
| Secured bank loan 5S$'000 | 43 | 62 | PDF p. 135 |
| Secured, SGD, SORA + 1%, maturity 2037 | |||
| Secured bank loan 6S$'000 | 247 | 266 | PDF p. 135 |
| Bank loans total | |||
| TotalS$'000 | 2,533 | 3,879 | PDF p. 135 |
Columns printed: currency, nominal interest rate, monthly repayment (S$), year of maturity, security and guarantee. Unsecured bank loans 1, 2, 4 have nil balance at 31 March 2026 (unsecured loan 1: 6 in 2025; loan 2: 36; loan 4: 219) and are omitted from rows. Unsecured loans backed by personal guarantees by directors (some also corporate guarantee by related company); secured loans backed by property or insurance policy plus directors' personal guarantee.
| Item / unit | 202631/03/2026, S$'000 | 202531/03/2025, S$'000 | Source |
|---|---|---|---|
| Current | |||
| Block discounting loansS$'000 | 18,834 | 18,391 | PDF p. 131 |
| Hire purchase borrowingsS$'000 | 10,337 | 8,380 | PDF p. 131 |
| Bank loansS$'000 | 633 | 1,385 | PDF p. 131 |
| Third partiesS$'000 | 2,257 | – | PDF p. 131 |
| Non-current | |||
| Block discounting loansS$'000 | 40,008 | 40,923 | PDF p. 131 |
| Hire purchase borrowingsS$'000 | 19,291 | 17,507 | PDF p. 131 |
| Bank loansS$'000 | 1,900 | 2,494 | PDF p. 131 |
| Total | |||
| Total interest-bearing liabilitiesS$'000 | 93,260 | 89,080 | PDF p. 131 |
Current subtotal 32,061 / 28,156; non-current subtotal 61,199 / 60,924 (printed unlabelled subtotals; repeated as Current and Non-current lines).
| Item / unit | 202631/03/2026, S$'000 | 202531/03/2025, S$'000 | Source |
|---|---|---|---|
| Lease liabilities | |||
| CurrentS$'000 | 740 | 370 | PDF p. 130 |
| Non-currentS$'000 | 636 | 581 | PDF p. 130 |
| Lease maturity | |||
| Payable within 1 yearsS$'000 | 740 | 370 | PDF p. 130 |
| Payable between 2 to 5 yearsS$'000 | 636 | 581 | PDF p. 130 |
Total 1,376 / 951 printed.
| Item / unit | 202631/03/2026, S$'000 | 202531/03/2025, S$'000 | Source |
|---|---|---|---|
| Convertible bonds | |||
| Convertible bondsS$'000 | 5,000 | – | PDF p. 135 |
| Less: Converted to equityS$'000 | (1,350) | – | PDF p. 135 |
Group and Company columns identical; Company comparative column header printed as 31/12/2024. Net 3,650 at 2026. Interest 8.0% per annum; conversion price adjusted from S$0.225 to S$0.223.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | While the Company does not currently have a formal dividend policy, the Board recognises the importance of providing sustainable returns to shareholders while maintaining sufficient financial flexibility to support the Group’s growth and long- term value creation. | Company/Group | PDF p. 56 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| first and final one-tier tax exempt dividend | 0.55 Singapore cent per ordinary share | FY2026 (financial period ended 31 March 2026), first and final, one-tier tax exempt, proposed subject to shareholder approval at AGM on 31 July 2026 | PDF p. 157 |
| The Board has recommended a first and final dividend | 0.55 Singapore cent per ordinary share | FY2026 total (first and final only; no interim or special dividend printed) | PDF p. 56 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| total dividend payout ratio | more than 30% of our Adjusted Net Profit for FY2026 | FY2026, Chairman's message | PDF p. 8 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | FORVIS MAZARS LLP | Group and Company, FY ended 31 March 2026 | PDF p. 75 |
| Engagement partner | Ooi Chee Keong | Group and Company | PDF p. 75 |
| Opinion | In our opinion, the accompanying financial statements of the Group and the statement of financial position of the Company are properly drawn up in accordance with the provisions of the Companies Act 1967 | Group and Company, 31 March 2026 | PDF p. 67 |
| Other Matter | Our opinion is not modified in respect of this matter. | Prior period FY ended 31 December 2024 audited by another auditor | PDF p. 73 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Accounting for reverse acquisition and its related costs | Given the significance of the transaction to the Group | Group | PDF p. 68 |
| Impairment of trade and other receivables | As the determination of the ECL requires significant | Group | PDF p. 69 |
| Business combination – acquisition of business | SFRS(I) 3 Business Combinations requires the Group to | Group | PDF p. 70 |
| Impairment assessment of goodwill | Due to significant management judgements and estimates | Group | PDF p. 71 |
| Impairment assessment of investment in subsidiaries | Due to significant management judgements and estimates | Company | PDF p. 72 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow ANNUAL REPORT 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.