M 
0.11
-2.78%
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 122.8m
FY2016FY2025
Net income
SGD 58.5m
FY2016FY2025
Free cash flow
−SGD 29.5m
FY2016FY2025
Shareholders' equity
SGD 238.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 122.8m | SGD 123.5m | SGD 127.1m | SGD 86.1m | SGD 46.1m | SGD 30.8m | SGD 30.2m | SGD 26.6m | SGD 38.6m | SGD 46.9m |
| Operating income | SGD 31.9m | SGD 21.8m | SGD 26.8m | SGD 10.5m | SGD 1.9m | −SGD 6.9m | −SGD 4.9m | SGD 176.3m | −SGD 250.8m | −SGD 8.8m |
| Net income | SGD 58.5m | SGD 21.7m | SGD 22.6m | SGD 21.3m | SGD 14.8m | −SGD 9.2m | −SGD 3.9m | SGD 169.0m | −SGD 312.7m | −SGD 16.9m |
| Diluted earnings per share | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | -0.00 | -0.00 | 0.07 | -0.93 | -0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SGD 349.3m | SGD 276.9m | SGD 229.1m | SGD 188.1m | SGD 139.6m | SGD 113.3m | SGD 124.3m | SGD 124.8m | SGD 130.2m | SGD 448.7m |
| Cash and short-term investments | — | — | — | — | — | — | — | SGD 17.9m | SGD 4.8m | SGD 11.8m |
| Total liabilities | SGD 85.0m | SGD 75.9m | SGD 45.2m | SGD 36.5m | SGD 24.7m | SGD 13.6m | SGD 15.5m | SGD 11.5m | SGD 282.8m | SGD 289.9m |
| Debt | SGD 34.0m | SGD 14.4m | SGD 1.3m | SGD 2.3m | SGD 3.3m | — | — | SGD 154,000 | SGD 247.9m | SGD 251.8m |
| Shareholders' equity | SGD 238.9m | SGD 183.6m | SGD 167.8m | SGD 138.9m | SGD 114.9m | SGD 99.7m | SGD 108.8m | SGD 113.2m | −SGD 152.6m | SGD 158.8m |
| Shares outstanding | 3,754m | 3,754m | 3,754m | 3,538m | 3,523m | 3,523m | 3,520m | 2,508m | 337m | 338m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SGD 40.8m | SGD 37.7m | SGD 28.1m | SGD 28.7m | SGD 8.8m | SGD 4.1m | −SGD 5.3m | −SGD 4.2m | SGD 821,000 | SGD 15.3m |
| Capital spending | −SGD 70.3m | −SGD 61.9m | −SGD 32.4m | −SGD 3.3m | −SGD 1.3m | −SGD 6.1m | −SGD 2.9m | −SGD 1.4m | −SGD 9,000 | −SGD 42.2m |
| Free cash flow | −SGD 29.5m | −SGD 24.2m | −SGD 4.3m | SGD 25.3m | SGD 7.5m | −SGD 2.0m | −SGD 8.2m | −SGD 5.6m | SGD 812,000 | −SGD 26.9m |
| Dividends paid | −SGD 3.8m | −SGD 3.8m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 70.1m | SGD 52.7m | SGD 62.0m | SGD 61.6m | SGD 71.2m | SGD 35.6m | SGD 55.9m | SGD 28.0m |
| Operating income | SGD 29.6m | SGD 10.7m | SGD 13.9m | SGD 13.2m | SGD 23.8m | SGD 9.7m | SGD 6.8m | SGD 4.6m |
| Net income | SGD 47.9m | SGD 10.6m | SGD 10.7m | SGD 11.0m | SGD 18.3m | SGD 10.0m | SGD 4.2m | SGD 2.9m |
| Diluted earnings per share | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Total assets | SGD 349.3m | SGD 287.2m | SGD 274.4m | SGD 238.6m | SGD 229.1m | SGD 229.1m | SGD 196.8m | SGD 196.8m |
| Cash and short-term investments | — | — | — | — | — | SGD 63.1m | — | SGD 53.0m |
| Debt | SGD 34.0m | SGD 10.6m | SGD 7.9m | SGD 781,000 | SGD 1.3m | SGD 6.0m | SGD 1.8m | SGD 1.9m |
| Shareholders' equity | SGD 238.9m | SGD 193.9m | SGD 185.0m | SGD 174.7m | SGD 167.8m | SGD 183.9m | SGD 147.6m | SGD 161.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.6% | 31.8% | 2.7% |
| Operating income | 44.9% | — | 15.5% |
| Net income | 40.0% | — | 21.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 21.8% | 19.8% | 16.0% | 0.7% |
| Net margin | 32.6% | 27.0% | 24.2% | -3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.8 | 9.3 | 8.5 | 6.8 | 6.4 | -4.6 | -17.3 | 0.3 | -0.1 | -1.0 |
| Price to sales | 5.1 | 1.6 | 1.5 | 1.7 | 2.1 | 1.4 | 2.2 | 1.8 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 13 Feb 2026.
| FY2026 | FY2025 | FY2024 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.002 | 0.001 | 0.001 | 0.014 | 0.008 | 0.01 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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