1.23
-5.38%
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 295.9m
FY2016FY2025
Net income
SGD 114.8m
FY2016FY2025
Free cash flow
SGD 158.8m
FY2016FY2025
Shareholders' equity
SGD 1.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 295.9m | SGD 253.6m | SGD 207.2m | SGD 180.4m | SGD 143.0m | SGD 128.4m | SGD 133.4m | SGD 120.1m | SGD 137.1m | SGD 120.5m |
| Gross profit | SGD 227.0m | SGD 195.6m | SGD 150.0m | SGD 123.6m | SGD 94.3m | SGD 89.6m | SGD 96.9m | SGD 86.3m | SGD 94.2m | SGD 78.7m |
| Operating income | SGD 173.4m | SGD 157.7m | SGD 120.3m | SGD 95.1m | SGD 76.5m | SGD 25.7m | SGD 111.0m | SGD 96.6m | SGD 49.4m | SGD 41.9m |
| Net income | SGD 114.8m | SGD 344.8m | SGD 153.1m | SGD 71.4m | SGD 52.7m | SGD 17.2m | SGD 100.0m | SGD 79.3m | SGD 31.7m | SGD 28.7m |
| Diluted earnings per share | 0.14 | 0.41 | 0.18 | 0.08 | 0.06 | 0.02 | 0.12 | 0.09 | 0.04 | 0.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SGD 3.29bn | SGD 2.19bn | SGD 1.73bn | SGD 1.55bn | SGD 1.58bn | SGD 1.54bn | SGD 1.48bn | SGD 1.32bn | SGD 1.19bn | SGD 1.12bn |
| Cash and short-term investments | — | — | — | — | — | SGD 90.6m | SGD 57.8m | SGD 72.2m | SGD 87.7m | SGD 84.7m |
| Total liabilities | SGD 1.12bn | SGD 959.6m | SGD 853.5m | SGD 839.3m | SGD 905.4m | SGD 936.1m | SGD 886.8m | SGD 814.4m | SGD 726.1m | SGD 727.1m |
| Debt | SGD 682.2m | SGD 580.9m | SGD 598.5m | SGD 583.1m | SGD 664.4m | SGD 767.7m | SGD 744.4m | SGD 737.4m | SGD 650.1m | SGD 658.8m |
| Shareholders' equity | SGD 1.23bn | SGD 1.15bn | SGD 825.8m | SGD 686.9m | SGD 659.7m | SGD 605.6m | SGD 592.2m | SGD 507.3m | SGD 462.9m | SGD 392.6m |
| Shares outstanding | 841m | 841m | 841m | 841m | 841m | 841m | 841m | 840m | 807m | 667m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SGD 162.4m | SGD 153.8m | SGD 122.8m | SGD 104.2m | SGD 74.3m | SGD 60.5m | SGD 70.2m | SGD 57.5m | SGD 56.9m | SGD 69.5m |
| Capital spending | −SGD 3.7m | −SGD 8.8m | −SGD 3.5m | −SGD 1.3m | −SGD 4.1m | −SGD 1.3m | −SGD 3.7m | −SGD 2.5m | −SGD 2.7m | −SGD 4.5m |
| Free cash flow | SGD 158.8m | SGD 145.0m | SGD 119.3m | SGD 102.9m | SGD 70.3m | SGD 59.1m | SGD 66.6m | SGD 55.0m | SGD 54.3m | SGD 65.0m |
| Dividends paid | −SGD 33.6m | −SGD 25.2m | −SGD 12.6m | −SGD 8.4m | −SGD 8.4m | −SGD 8.4m | −SGD 16.8m | −SGD 16.8m | −SGD 15.4m | −SGD 14.9m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Dec 2020 | Jun 2020 | Mar 2020 | Dec 2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 140.7m | SGD 129.2m | SGD 124.4m | SGD 109.3m | SGD 61.8m | SGD 31.1m | SGD 35.5m | SGD 36.0m |
| Gross profit | SGD 108.6m | SGD 101.5m | SGD 94.1m | SGD 79.6m | SGD 41.5m | SGD 21.8m | SGD 26.2m | SGD 26.7m |
| Operating income | SGD 87.4m | SGD 81.0m | SGD 76.9m | SGD 62.4m | −SGD 2.2m | SGD 12.6m | SGD 15.4m | SGD 74.6m |
| Net income | SGD 73.9m | SGD 226.6m | SGD 118.2m | SGD 114.8m | −SGD 3.8m | SGD 9.1m | SGD 11.9m | SGD 73.1m |
| Diluted earnings per share | 0.09 | 0.27 | 0.14 | 0.14 | -0.00 | 0.01 | 0.01 | 0.09 |
| Cash from operations | SGD 69.0m | SGD 100.0m | SGD 52.0m | — | SGD 14.0m | SGD 16.0m | SGD 16.0m | SGD 14.0m |
| Capital spending | −SGD 3.0m | −SGD 6.0m | −SGD 2.0m | — | −SGD 1.0m | — | — | −SGD 3.0m |
| Free cash flow | SGD 66.0m | SGD 94.0m | SGD 50.0m | — | SGD 13.0m | — | — | SGD 11.0m |
| Total assets | SGD 2.29bn | SGD 2.19bn | SGD 1.88bn | SGD 1.73bn | SGD 1.54bn | SGD 1.49bn | — | SGD 1.48bn |
| Cash and short-term investments | — | — | — | — | SGD 90.6m | SGD 73.8m | — | SGD 57.8m |
| Debt | SGD 597.9m | SGD 580.9m | SGD 593.6m | SGD 598.5m | SGD 767.7m | SGD 768.2m | — | SGD 744.4m |
| Shareholders' equity | SGD 1.21bn | SGD 1.15bn | SGD 937.6m | SGD 825.8m | SGD 605.6m | SGD 594.3m | — | SGD 592.2m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 76.7% | 77.1% | 72.4% | 68.5% | 65.9% | 69.8% | — | — | — |
| Operating margin | 67.2% | 181.8% | 113.1% | 57.3% | 61.5% | 55.1% | — | — | — |
| Net margin | 38.8% | 136.0% | 73.9% | 39.6% | 36.8% | 13.4% | — | — | — |
| Return on equity | 9.3% | 29.9% | 18.5% | 10.4% | 8.0% | 2.8% | — | — | — |
| Return on assets | 3.5% | 15.7% | 8.9% | 4.6% | 3.3% | 1.1% | — | — | — |
| Free cash flow yield | 15.6% | — | — | — | 7.3% | 5.8% | 6.9% | 5.6% | 5.8% |
| Revenue growth | 16.7% | 22.4% | 14.8% | 26.2% | 11.4% | -3.7% | — | — | — |
| Earnings growth | -66.7% | 125.2% | 114.4% | 35.6% | 206.8% | -82.8% | — | — | — |
| Current ratio | 1.61x | 0.64x | 0.94x | 0.52x | 0.66x | 0.79x | — | — | — |
| Debt to equity | 0.55x | 0.50x | 0.72x | 0.85x | 1.01x | 1.13x | — | — | — |
| Equity ratio | 37.5% | 52.5% | 47.9% | 44.4% | 41.7% | 39.3% | — | — | — |
| Interest coverage | 5.29x | 11.62x | 6.01x | 3.67x | 4.26x | 3.28x | — | — | — |
| Buybacks as a share of market value | -0.0% | — | — | — | 0.0% | 0.0% | -0.0% | -4.1% | -20.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.9% | 18.2% | 11.0% |
| Operating income | 22.2% | 46.5% | 15.2% |
| Net income | 17.1% | 46.2% | 12.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 76.9% | 74.3% | 72.8% | 71.5% |
| Operating margin | 60.3% | 58.3% | 53.7% | 54.3% |
| Net margin | 83.6% | 73.0% | 62.4% | 56.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.8 | 2.3 | 2.2 | 3.9 | 5.3 | 17.1 | 3.7 | 4.4 | 13.4 | 7.7 |
| Price to sales | 3.8 | 3.2 | 1.6 | 1.6 | 1.9 | 2.3 | 2.8 | 2.9 | 3.1 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 8 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.04 | 0.04 | 0.03 | 0.015 | 0.01 | 0.01 | 0.02 | 0.015 |
- 2-to-1 reverse split · 5 Aug 2011
- 5-for-4 split · 6 Jul 2000
- 3-for-2 split · 2 Jun 1998
- 5-for-4 split · 7 Nov 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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