v3.26.1
Consolidated Statements of Changes in Shareholders' Equity
$ in Thousands, $ in Thousands
Common Stock [Member]
SGD ($)
shares
Additional Paid-in Capital [Member]
SGD ($)
Retained Earnings [Member]
SGD ($)
AOCI Attributable to Parent [Member]
SGD ($)
USD ($)
SGD ($)
Balance at Dec. 31, 2022 [1] $ 883 $ 2,371   $ 3,254
Balance, shares at Dec. 31, 2022 | shares [2] 27,796,502          
Dividends declared to the former shareholders (6,000)   (6,000)
Net income for the year 7,080   7,080
Foreign currency translation adjustments          
Balance at Dec. 31, 2023 [1] 883 3,451   4,334
Balance, shares at Dec. 31, 2023 | shares [2] 27,796,502          
Net income for the year 1,884   1,884
Foreign currency translation adjustments          
Balance at Dec. 31, 2024 883 5,335   6,218
Balance, shares at Dec. 31, 2024 | shares [2] 27,796,502          
Net income for the year 5,586 $ 4,345 5,586
New shares issued 4,895   4,895
New shares issued, shares | shares [2] 1,607,840          
Foreign currency translation adjustments [1] [3]
Balance at Dec. 31, 2025 $ 5,778 $ 10,921 $ 12,986 $ 16,699
Balance, shares at Dec. 31, 2025 | shares [2] 29,404,342          
[1] – denotes amount less than $’000.
[2] - Retrospectively presented for the effect of pro rata share allotment, 1-for-40 forward split and share surrender in preparation of the Company’s initial public offering (Note 1).
[3] – denotes amount less than $’000.