C 
2.36
-3.67%
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 2.13bn
FY2019FY2025
Net income
SGD 145.0m
FY2019FY2025
Free cash flow
SGD 479.0m
FY2019FY2025
Shareholders' equity
SGD 12.58bn
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | SGD 2.13bn | SGD 2.81bn | SGD 2.78bn | SGD 2.88bn | SGD 2.29bn | SGD 1.98bn | SGD 2.49bn |
| Gross profit | SGD 1.00bn | SGD 1.26bn | SGD 1.26bn | SGD 1.29bn | SGD 1.06bn | SGD 872.0m | SGD 1.17bn |
| Operating income | SGD 466.0m | SGD 661.0m | SGD 689.0m | SGD 1.29bn | SGD 339.0m | −SGD 414.0m | SGD 711.0m |
| Net income | SGD 145.0m | SGD 479.0m | SGD 181.0m | SGD 861.0m | SGD 1.35bn | −SGD 559.0m | SGD 1.44bn |
| Diluted earnings per share | 0.03 | 0.09 | 0.03 | 0.17 | 0.26 | -0.11 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | SGD 24.21bn | SGD 24.71bn | SGD 34.13bn | SGD 35.11bn | SGD 37.65bn | SGD 38.22bn | SGD 38.84bn |
| Cash and short-term investments | SGD 2.02bn | SGD 2.31bn | SGD 2.46bn | SGD 2.67bn | SGD 3.88bn | SGD 1.68bn | SGD 1.35bn |
| Total liabilities | SGD 10.69bn | SGD 11.16bn | SGD 15.90bn | SGD 16.18bn | SGD 17.55bn | SGD 22.49bn | SGD 22.27bn |
| Debt | SGD 7.82bn | SGD 6.80bn | SGD 11.34bn | SGD 11.22bn | SGD 11.00bn | SGD 19.66bn | SGD 19.23bn |
| Shareholders' equity | SGD 12.58bn | SGD 13.55bn | SGD 14.36bn | SGD 15.53bn | SGD 16.44bn | SGD 12.27bn | SGD 13.01bn |
| Shares outstanding | 5,203m | 5,203m | 5,203m | 5,203m | 5,203m | 5,203m | 5,203m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | SGD 491.0m | SGD 561.0m | SGD 677.0m | SGD 735.0m | SGD 667.0m | SGD 183.0m | SGD 317.0m |
| Capital spending | −SGD 12.0m | −SGD 20.0m | −SGD 23.0m | −SGD 156.0m | −SGD 42.0m | −SGD 44.0m | −SGD 73.0m |
| Free cash flow | SGD 479.0m | SGD 541.0m | SGD 654.0m | SGD 579.0m | SGD 625.0m | SGD 139.0m | SGD 244.0m |
| Dividends paid | −SGD 599.0m | −SGD 609.0m | −SGD 615.0m | −SGD 785.0m | −SGD 14.0m | −SGD 720.0m | −SGD 454.0m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 1.09bn | SGD 1.04bn | SGD 1.45bn | SGD 1.36bn | SGD 1.44bn | SGD 1.52bn | SGD 1.35bn | SGD 1.24bn |
| Gross profit | SGD 528.0m | SGD 473.0m | SGD 622.0m | SGD 643.0m | SGD 632.0m | SGD 656.0m | SGD 634.0m | SGD 553.0m |
| Operating income | SGD 199.0m | SGD 267.0m | SGD 169.0m | SGD 492.0m | SGD 256.0m | SGD 764.0m | SGD 525.0m | SGD 327.0m |
| Net income | −SGD 142.0m | SGD 287.0m | SGD 148.0m | SGD 331.0m | −SGD 170.0m | SGD 428.0m | SGD 433.0m | SGD 647.0m |
| Diluted earnings per share | -0.03 | 0.06 | 0.03 | 0.06 | -0.03 | 0.08 | 0.08 | 0.12 |
| Cash from operations | SGD 491.0m | SGD 74.0m | SGD 561.0m | SGD 224.0m | SGD 677.0m | SGD 213.0m | SGD 154.0m | SGD 667.0m |
| Capital spending | −SGD 12.0m | −SGD 5.0m | −SGD 20.0m | −SGD 11.0m | −SGD 23.0m | −SGD 156.0m | −SGD 20.0m | −SGD 42.0m |
| Free cash flow | SGD 479.0m | SGD 69.0m | SGD 541.0m | SGD 213.0m | SGD 654.0m | SGD 57.0m | SGD 134.0m | SGD 625.0m |
| Total assets | SGD 24.21bn | SGD 23.98bn | SGD 24.71bn | SGD 32.97bn | SGD 34.13bn | SGD 35.11bn | SGD 36.56bn | SGD 37.65bn |
| Cash and short-term investments | SGD 2.02bn | SGD 1.36bn | SGD 2.31bn | SGD 2.04bn | SGD 2.46bn | SGD 2.67bn | SGD 4.29bn | SGD 3.88bn |
| Debt | SGD 7.82bn | SGD 7.05bn | SGD 6.80bn | SGD 10.17bn | SGD 11.34bn | SGD 11.22bn | SGD 10.97bn | SGD 11.00bn |
| Shareholders' equity | SGD 12.58bn | SGD 12.58bn | SGD 13.55bn | SGD 13.80bn | SGD 14.36bn | SGD 15.53bn | SGD 15.74bn | SGD 16.44bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 46.9% | 44.9% | 45.3% | 44.9% | 46.1% | 44.0% |
| Operating margin | 21.8% | 43.6% | 24.7% | 30.3% | 14.8% | -11.2% |
| Net margin | 6.8% | 17.0% | 6.5% | 29.9% | 58.8% | -28.2% |
| Return on equity | 1.2% | 3.5% | 1.3% | 5.5% | 8.2% | -4.6% |
| Return on assets | 0.6% | 1.9% | 0.5% | 2.5% | 3.6% | -1.5% |
| Free cash flow yield | — | — | — | — | 5.3% | 1.7% |
| Revenue growth | -24.2% | 1.1% | -3.2% | 25.4% | 15.6% | -20.3% |
| Earnings growth | -69.7% | 164.6% | -79.0% | -36.2% | -341.3% | -138.7% |
| Current ratio | 1.43x | 1.27x | 1.25x | 1.06x | 1.04x | 0.87x |
| Debt to equity | 0.59x | 0.50x | 0.80x | 0.73x | 0.67x | 1.60x |
| Equity ratio | 52.0% | 54.8% | 42.1% | 44.2% | 43.7% | 32.1% |
| Interest coverage | 4.20x | 24.04x | 3.66x | 4.40x | 1.06x | -0.64x |
| Buybacks as a share of market value | — | — | — | — | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.0% | 1.0% | — |
| Operating income | -28.8% | — | — |
| Net income | -44.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 45.8% | 45.4% | 45.3% | — |
| Operating margin | 22.8% | 29.3% | 20.4% | — |
| Net margin | 12.6% | 15.7% | 16.5% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 97.3 | 28.5 | 90.8 | 22.4 | 13.2 |
| Price to sales | 8.3 | 6.1 | 7.6 | 8.0 | 9.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 4 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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