1.80
-4.76%
Close of 6 Nov 2026, in SGD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in SGD, from our data supplier.
Revenue
SGD 11.47bn
FY2016FY2025
Net income
SGD 323.6m
FY2016FY2025
Free cash flow
SGD 19.7m
FY2016FY2025
Shareholders' equity
SGD 6.91bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 11.47bn | SGD 9.23bn | SGD 7.29bn | SGD 1.95bn | SGD 1.86bn | SGD 1.51bn | SGD 2.88bn | SGD 4.89bn | SGD 3.03bn | SGD 3.54bn |
| Gross profit | SGD 847.6m | SGD 290.7m | −SGD 209.3m | −SGD 132.2m | −SGD 885.8m | −SGD 490.5m | −SGD 91.8m | SGD 3.1m | SGD 345.8m | SGD 292.8m |
| Operating income | SGD 489.0m | SGD 145.9m | −SGD 530.0m | −SGD 206.4m | −SGD 1.22bn | −SGD 581.5m | −SGD 138.8m | −SGD 52.3m | SGD 305.7m | SGD 225.3m |
| Net income | SGD 323.6m | SGD 156.8m | −SGD 2.02bn | −SGD 261.1m | −SGD 1.17bn | −SGD 582.5m | −SGD 137.2m | −SGD 74.1m | SGD 260.2m | SGD 78.8m |
| Diluted earnings per share | 0.10 | 0.05 | -0.60 | -0.08 | -0.35 | -1.89 | -0.74 | -0.40 | 1.39 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SGD 18.10bn | SGD 17.48bn | SGD 16.23bn | SGD 9.10bn | SGD 9.30bn | SGD 8.97bn | SGD 8.46bn | SGD 8.58bn | SGD 9.69bn | SGD 9.41bn |
| Cash and short-term investments | — | — | — | — | — | SGD 772.4m | SGD 389.3m | SGD 837.7m | SGD 1.33bn | SGD 1.22bn |
| Total liabilities | SGD 11.19bn | SGD 11.14bn | SGD 9.81bn | SGD 5.31bn | SGD 5.27bn | SGD 5.30bn | SGD 6.29bn | SGD 6.27bn | SGD 7.25bn | SGD 6.85bn |
| Debt | SGD 2.49bn | SGD 2.37bn | SGD 2.27bn | SGD 1.42bn | SGD 2.26bn | SGD 3.84bn | SGD 4.68bn | SGD 4.23bn | SGD 4.10bn | SGD 4.15bn |
| Shareholders' equity | SGD 6.91bn | SGD 6.34bn | SGD 6.39bn | SGD 3.77bn | SGD 4.00bn | SGD 3.67bn | SGD 2.17bn | SGD 2.31bn | SGD 2.44bn | SGD 2.56bn |
| Shares outstanding | 3,387m | 3,387m | 3,387m | 3,387m | 3,387m | 307m | 187m | 187m | 187m | 187m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SGD 142.3m | SGD 97.3m | SGD 600.8m | SGD 1.04bn | −SGD 589.1m | −SGD 749.9m | −SGD 296.2m | −SGD 170.0m | SGD 49.6m | SGD 568.5m |
| Capital spending | −SGD 122.6m | −SGD 101.6m | −SGD 116.4m | −SGD 29.2m | −SGD 48.1m | −SGD 91.6m | −SGD 316.3m | −SGD 343.4m | −SGD 177.9m | −SGD 421.4m |
| Free cash flow | SGD 19.7m | −SGD 4.3m | SGD 484.4m | SGD 1.01bn | −SGD 637.3m | −SGD 841.5m | −SGD 612.4m | −SGD 513.4m | −SGD 128.2m | SGD 147.1m |
| Dividends paid | −SGD 50.8m | — | — | — | — | — | — | −SGD 20.9m | −SGD 41.8m | −SGD 73.1m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 6.10bn | SGD 5.37bn | SGD 5.22bn | SGD 4.01bn | SGD 4.41bn | SGD 2.89bn | SGD 852.2m | SGD 1.09bn |
| Gross profit | SGD 452.5m | SGD 395.1m | SGD 143.3m | SGD 147.4m | −SGD 59.0m | −SGD 150.4m | −SGD 39.3m | −SGD 92.9m |
| Operating income | SGD 229.1m | SGD 260.0m | SGD 134.6m | SGD 66.7m | −SGD 1.40bn | −SGD 194.3m | −SGD 91.4m | −SGD 119.8m |
| Net income | SGD 179.3m | SGD 144.4m | SGD 120.9m | SGD 36.0m | −SGD 1.75bn | −SGD 264.4m | −SGD 118.3m | −SGD 142.9m |
| Diluted earnings per share | 0.05 | 0.04 | 0.04 | 0.01 | -0.51 | -0.09 | -0.08 | -0.09 |
| Cash from operations | SGD 142.0m | — | SGD 1.13bn | −SGD 1.03bn | SGD 733.0m | −SGD 133.0m | SGD 732.0m | SGD 306.0m |
| Capital spending | −SGD 90.0m | −SGD 31.0m | −SGD 33.0m | −SGD 68.0m | −SGD 66.0m | −SGD 50.0m | −SGD 18.0m | −SGD 10.0m |
| Free cash flow | SGD 52.0m | — | SGD 1.10bn | −SGD 1.10bn | SGD 667.0m | −SGD 183.0m | SGD 714.0m | SGD 296.0m |
| Total assets | SGD 18.10bn | SGD 17.49bn | SGD 17.48bn | SGD 18.10bn | SGD 16.23bn | — | SGD 9.10bn | SGD 9.12bn |
| Cash and short-term investments | — | — | — | — | SGD 2.32bn | — | SGD 2.13bn | SGD 1.43bn |
| Debt | SGD 2.49bn | SGD 1.96bn | SGD 2.37bn | SGD 2.75bn | SGD 2.76bn | — | SGD 1.66bn | SGD 2.50bn |
| Shareholders' equity | SGD 6.91bn | SGD 6.55bn | SGD 6.34bn | SGD 6.36bn | SGD 6.39bn | — | SGD 3.77bn | SGD 3.87bn |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 7.4% | 3.1% | -2.9% | -6.8% | -47.6% |
| Operating margin | 5.3% | 4.5% | -23.9% | -6.1% | -65.7% |
| Net margin | 2.8% | 1.7% | -27.7% | -13.4% | -62.9% |
| Return on equity | 4.7% | 2.5% | -31.5% | -6.9% | -29.3% |
| Return on assets | 1.8% | 0.9% | -12.4% | -2.9% | -12.6% |
| Free cash flow yield | 4.0% | — | — | — | — |
| Revenue growth | 24.3% | 26.6% | 274.5% | 4.6% | — |
| Earnings growth | 106.3% | -107.8% | 672.3% | -77.7% | — |
| Current ratio | 1.23x | 1.07x | 1.01x | 0.91x | 1.19x |
| Debt to equity | 0.36x | 0.37x | 0.36x | 0.38x | 0.56x |
| Equity ratio | 38.2% | 36.2% | 39.4% | 41.4% | 43.0% |
| Interest coverage | 3.90x | 1.83x | -6.37x | -0.99x | -16.90x |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 80.6% | 50.0% | 8.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 5.5% | 2.7% | -1.7% | 0.2% |
| Operating margin | 3.1% | -0.3% | -5.7% | -3.3% |
| Net margin | 2.3% | -6.0% | -10.7% | -7.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.7 | 44.7 | -4.0 | -35.8 | -4.7 | -1.3 | -20.1 | -43.4 | 14.8 | 36.6 |
| Price to sales | 0.6 | 0.8 | 1.1 | 4.8 | 3.0 | 0.5 | 1.0 | 0.7 | 1.3 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 5 May 2026.
| FY2026 | FY2025 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.015 | 0.112 | 0.224 | 0.392 | 1.343 | 1.455 | 1.455 |
- 20-to-1 reverse split · 7 May 2024
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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