v3.26.1
Consolidated Statements of Operations and Comprehensive Income
$ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2025
SGD ($)
$ / shares
shares
Dec. 31, 2024
SGD ($)
$ / shares
shares
Dec. 31, 2023
SGD ($)
$ / shares
shares
Income Statement [Abstract]        
Revenues, net $ 59,241 $ 76,178,000 $ 58,496,000 $ 72,782,000
Cost of revenue (44,764) (57,562,000) (47,838,000) (57,000,000)
Gross profit 14,477 18,616,000 10,658,000 15,782,000
Operating cost and expenses:        
Selling and distribution (591) (760,000) (635,000) (729,000)
General and administrative (8,295) (10,666,000) (7,226,000) (6,856,000)
Total operating cost and expenses (8,886) (11,426,000) (7,861,000) (7,585,000)
Profit from operations 5,591 7,190,000 2,797,000 8,197,000
Other income (expense):        
Loss from disposal of plant and equipment 55,000
Loss from disposal of plant and equipment (23) (30,000) (126,000)
Interest income 207 266,000 616,000 34,000
Interest expense (684) (880,000) (949,000) (822,000)
Government grant 6 8,000 139,000 41,000
Write back of allowance for credit loss, net 26,000 66,000
Write back of allowance for inventories obsolescence 19,000 168,000
Exchange gain 82 105,000 9,000 143,000
Other income 392 504,000 84,000 244,000
Total other loss, net (20) (27,000) (182,000) (71,000)
Income before income taxes 5,571 7,163,000 2,615,000 8,126,000
Income tax expense (1,226) (1,577,000) (731,000) (1,046,000)
NET INCOME 4,345 5,586,000 1,884,000 7,080,000
OTHER COMPREHENSIVE INCOME        
Foreign currency translation adjustments [1]
COMPREHENSIVE INCOME $ 4,345 $ 5,586,000 $ 1,884,000 $ 7,080,000
Earnings per share        
Basic | (per share) $ 0.15 $ 0.20 $ 0.07 $ 0.25
Diluted | (per share) $ 0.15 $ 0.20 $ 0.07 $ 0.25
Weighted average number of ordinary shares outstanding        
Basic [2] 28,571,789 28,571,789 27,796,502 27,796,502
Diluted [2] 28,571,789 28,571,789 27,796,502 27,796,502
[1] – denotes amount less than $’000.
[2] Basic earnings per share is calculated by dividing net income for the period, net of tax, by the weighted average number of ordinary shares outstanding during the financial period. The basic and diluted earnings per share are the same as there were no other outstanding convertibles or other dilutive equity instruments.