v3.26.1
ACCOUNTS RECEIVABLE, NET (Tables)
 12 Months Ended
Dec. 31, 2025
Credit Loss [Abstract]  
SCHEDULE OF ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

 

   As of
Dec 31, 2024		   As of
Dec 31, 2025		 
    S$’000    S$’000 
           
Accounts receivable   19,310    16,311 
Less: Allowance for credit loss   (3,053)   (1,901)
           
Accounts receivable, net   16,257    14,410 
SCHEDULE OF PROVISION FOR ALLOWANCE FOR CREDIT LOSSES

Movement in provision for allowance for credit losses – third parties are as follows: -

 

 

   As of
Dec 31, 2023		   As of
Dec 31, 2024		   As of
Dec 31, 2025		 
   S$’000   S$’000   S$’000 
             
Provision for allowance for expected credit losses, beginning   4,240    3,642    3,053 
Provision   41    19    1,442 
Written off   (532)   (582)   (2,594)
Reversal   (107)   (26)   - 
Provision for allowance for expected credit losses, ending   3,642    3,053    1,901 
SCHEDULE OF ANALYSIS OF ACCOUNTS RECEIVABLE

As at the end of each reporting period, the aging analysis of accounts receivable, net of provision for allowance for expected credit losses, based on due date is as follows:

    S$’000     S$’000  
    Year ended December 31,  
    2024     2025  
    S$’000     S$’000  
Within 30 days     6,345       4,799  
Between 31 and 60 days     3,290       1,367  
Between 61 and 90 days     1,413       2,261  
Between 91 and 120 days     1,089       1,307  
Between 121 and 180 days     1,478      

2,867

  
Between 181 and 360 days     863      

749

  
Over 360 days     1,779       1,060  
Total account receivables, net     16,257       14,410