REVENUES BY SEGMENT (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Segment Reporting [Abstract] |
|
| SCHEDULE OF REVENUES BY SEGMENT |
SCHEDULE
OF REVENUES BY SEGMENT
| | |
|
|
|
|
2024 | | |
2025 | |
| | |
Year ended December 31, | |
| | |
2023 |
|
|
2024 | | |
2025 | |
| | |
S$’000
|
|
|
S$’000 | | |
S$’000 | |
| | |
|
|
|
|
| | |
| |
| Sale of heavy equipment and parts | |
|
56,449 |
|
|
| 45,763 | | |
| 61,234 | |
| Engineering consultancy service income | |
|
7,032 |
|
|
| 2,190 | | |
| 2,178 | |
| Rental income | |
|
9,301 |
|
|
| 10,543 | | |
| 12,766 | |
| Revenues by segment | |
|
72,782 |
|
|
| 58,496 | | |
| 76,178 | |
|
| SUMMARY OF SEGMENT INFORMATION BY PRODUCT |
The
following tables present summary information by product type for the year ended December 31, 2023, 2024 and 2025,
respectively:
SUMMARY
OF SEGMENT INFORMATION BY PRODUCT
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| |
|
For the year ended December 31, 2023 |
|
| |
|
Sale
of
heavy
equipment
and parts |
|
|
Engineering
consultancy service |
|
|
Rental
income |
|
|
Total |
|
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| Revenue |
|
|
56,449 |
|
|
|
7,032 |
|
|
|
9,301 |
|
|
|
72,782 |
|
| Cost
of revenues |
|
|
(46,352 |
) |
|
|
(5,240 |
) |
|
|
(5,408 |
) |
|
|
(57,000 |
) |
| Gross
Profit |
|
|
10,097 |
|
|
|
1,792 |
|
|
|
3,893 |
|
|
|
15,782 |
|
| | |
S$’000 | | |
S$’000 | | |
S$’000 | | |
S$’000 | |
| | |
For the year ended December 31, 2024 | |
| | |
Sale of
heavy
equipment
and parts | | |
Engineering
consultancy
service | | |
Rental
income | | |
Total | |
| | |
S$’000 | | |
S$’000 | | |
S$’000 | | |
S$’000 | |
| Net revenues | |
| 45,763 | | |
| 2,190 | | |
| 10,543 | | |
| 58,496 | |
| Cost of revenues | |
| (41,489 | ) | |
| (1,428 | ) | |
| (4,921 | ) | |
| (47,838 | ) |
| Gross Profit | |
| 4,274 | | |
| 762 | | |
| 5,622 | | |
| 10,658 | |
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| |
|
For the year ended December 31, 2025 |
|
| |
|
Sale
of
heavy
equipment
and parts |
|
|
Engineering
consultancy
service |
|
|
Rental
income |
|
|
Total |
|
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| Net revenues |
|
|
61,234 |
|
|
|
2,178 |
|
|
|
12,766 |
|
|
|
76,178 |
|
| Cost of revenues |
|
|
(51,939 |
) |
|
|
(620 |
) |
|
|
(5,003 |
) |
|
|
(57,562 |
) |
| Gross
Profit |
|
|
9,295 |
|
|
|
1,558 |
|
|
|
7,763 |
|
|
|
18,616 |
|
|
| SCHEDULE OF REVENUE DISAGGREGATED BY TIMING OF REVENUE RECOGNITION |
In
the following table, revenue is disaggregated by the timing of revenue recognition.
SCHEDULE
OF REVENUE DISAGGREGATED BY TIMING OF REVENUE RECOGNITION
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| |
|
For the year ended December 31, 2023 |
|
| |
|
Sale of
heavy
equipment
and parts |
|
|
Engineering
consultancy service |
|
|
Rental
income |
|
|
Total |
|
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| Timing
of revenue recognition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Point
in time |
|
|
56,449 |
|
|
|
7,032 |
|
|
|
- |
|
|
|
63,481 |
|
| Over
time |
|
|
- |
|
|
|
- |
|
|
|
9,301 |
|
|
|
9,301 |
|
| Total
net revenues |
|
|
56,449 |
|
|
|
7,032 |
|
|
|
9,301 |
|
|
|
72,782 |
|
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| |
|
For the year ended December 31, 2024 |
|
| |
|
Sale of
heavy
equipment
and parts |
|
|
Engineering
consultancy
service |
|
|
Rental
income |
|
|
Total |
|
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| Timing
of revenue recognition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Point
in time |
|
|
45,763 |
|
|
|
2,190 |
|
|
|
- |
|
|
|
47,953 |
|
| Over
time |
|
|
- |
|
|
|
- |
|
|
|
10,543 |
|
|
|
10,543 |
|
| Total net revenues | |
| 45,763 | | |
| 2,190 | | |
| 10,543 | | |
| 58,496 | |
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| |
|
For the year ended December 31, 2025 |
|
| |
|
Sale
of
heavy
equipment
and parts |
|
|
Engineering
consultancy
service |
|
|
Rental
income |
|
|
Total |
|
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| Timing
of revenue recognition: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Point
in time |
|
|
61,234 |
|
|
|
2,178 |
|
|
|
- |
|
|
|
63,412 |
|
| Over
time |
|
|
- |
|
|
|
- |
|
|
|
12,766 |
|
|
|
12,766 |
|
| Total
net revenues |
|
|
61,234 |
|
|
|
2,178 |
|
|
|
12,766 |
|
|
|
76,178 |
|
|
| SCHEDULE OF DEPRECIATION EXPENSES OF PROPERTY AND EQUIPMENT |
The
following table presents the depreciation expenses of property and equipment in cost of revenues by segment for the years ended December
31, 2023, 2024 and 2025:
SCHEDULE
OF DEPRECIATION EXPENSES OF PROPERTY AND EQUIPMENT
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| |
|
For the year ended December 31, 2023 |
|
| |
|
Sale
of
heavy
equipment
and
parts |
|
|
Engineering
consultancy
service |
|
|
Rental
income |
|
|
Total |
|
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| Total
depreciation expenses of property and equipment |
|
|
- |
|
|
|
- |
|
|
|
3,611 |
|
|
|
3,611 |
|
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| | |
For the year ended December 31, 2024 | |
| | |
Sale of heavy equipment and parts | | |
Engineering consultancy service | | |
Rental income | | |
Total | |
| | |
S$’000 | | |
S$’000 | | |
S$’000 | | |
S$’000 | |
| Total depreciation expenses of property and equipment | |
| - | | |
| - | | |
| 4,094 | | |
| 4,094 | |
| |
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
|
S$’000 |
|
| | |
For the year ended December 31, 2025 | |
| | |
Sale of heavy equipment and parts | | |
Engineering consultancy service | | |
Rental income | | |
Total | |
| | |
S$’000 | | |
S$’000 | | |
S$’000 | | |
S$’000 | |
| Total depreciation expenses of property and equipment | |
| - | | |
| - | | |
| 4,494 | | |
| 4,494 | |
|
| SCHEDULE OF FINANCIAL INFORMATION OF GEOGRAPHIC SEGMENTS |
SCHEDULE
OF FINANCIAL INFORMATION OF GEOGRAPHIC SEGMENTS
| | |
|
|
|
|
2024 | | |
2025 | |
| | |
Year ended December 31, | |
| | |
2023 |
|
|
2024 | | |
2025 | |
| | |
S$’000 |
|
|
| S$’000 | | |
| S$’000 | |
| | |
|
|
|
|
| | | |
| | |
| Singapore | |
|
69,735 |
|
|
| 54,836 | | |
| 73,134 | |
| | |
|
|
|
|
| | | |
| | |
| Other countries(1) | |
|
3,047 |
|
|
| 3,660 | | |
| 3,044 | |
| | |
|
|
|
|
| | | |
| | |
| Total
net revenues | |
|
72,782 |
|
|
| 58,496 | | |
| 76,178 | |
| (1) | | Other countries
include Indonesia, China and Hong Kong. |
|