O 
0.35
-1.43%
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 273.6m
FY2016FY2025
Net income
SGD 28.5m
FY2016FY2025
Free cash flow
SGD 156.3m
FY2016FY2025
Shareholders' equity
SGD 3.31bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 273.6m | SGD 295.5m | SGD 285.1m | SGD 241.5m | SGD 249.9m | SGD 292.0m | SGD 257.3m | SGD 176.4m | SGD 176.3m | SGD 177.8m |
| Gross profit | SGD 201.9m | SGD 217.0m | SGD 216.4m | SGD 195.9m | SGD 202.9m | SGD 210.7m | SGD 187.7m | SGD 127.0m | SGD 128.0m | SGD 125.9m |
| Operating income | SGD 201.9m | SGD 217.0m | SGD 216.4m | SGD 176.4m | SGD 179.7m | SGD 219.9m | SGD 197.7m | SGD 127.0m | SGD 125.2m | SGD 122.6m |
| Net income | SGD 28.5m | −SGD 68.3m | SGD 200.1m | SGD 275.6m | SGD 38.9m | −SGD 36.3m | SGD 118.7m | SGD 117.5m | SGD 136.3m | SGD 62.0m |
| Diluted earnings per share | 0.01 | -0.01 | 0.04 | 0.05 | 0.01 | -0.01 | 0.02 | 0.04 | 0.06 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SGD 5.57bn | SGD 5.94bn | SGD 6.07bn | SGD 5.99bn | SGD 5.83bn | SGD 6.77bn | SGD 6.89bn | SGD 4.57bn | SGD 3.57bn | SGD 3.46bn |
| Cash and short-term investments | — | — | — | — | — | SGD 88.5m | SGD 59.4m | SGD 37.1m | SGD 40.3m | SGD 29.3m |
| Total liabilities | SGD 2.01bn | SGD 2.28bn | SGD 2.29bn | SGD 2.28bn | SGD 2.24bn | SGD 3.23bn | SGD 3.21bn | SGD 2.17bn | SGD 1.57bn | SGD 1.72bn |
| Debt | SGD 1.59bn | SGD 1.98bn | SGD 2.06bn | SGD 1.72bn | SGD 1.81bn | SGD 2.35bn | SGD 2.71bn | SGD 1.71bn | SGD 1.26bn | SGD 1.30bn |
| Shareholders' equity | SGD 3.31bn | SGD 3.40bn | SGD 3.52bn | SGD 3.45bn | SGD 3.34bn | SGD 3.54bn | SGD 3.68bn | SGD 2.40bn | SGD 1.77bn | SGD 1.74bn |
| Shares outstanding | 5,433m | 5,433m | 5,433m | 5,433m | 5,433m | 5,405m | 5,385m | 3,183m | 2,354m | 2,216m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SGD 170.3m | SGD 200.6m | SGD 213.4m | SGD 183.5m | SGD 166.8m | SGD 234.4m | SGD 160.9m | SGD 132.7m | SGD 122.0m | SGD 131.8m |
| Capital spending | −SGD 14.1m | −SGD 25.8m | −SGD 10.6m | −SGD 166,000 | −SGD 3,000 | −SGD 59,000 | −SGD 61,000 | −SGD 74,000 | −SGD 245,000 | −SGD 31,000 |
| Free cash flow | SGD 156.3m | SGD 174.7m | SGD 202.8m | SGD 183.4m | SGD 166.8m | SGD 234.3m | SGD 160.8m | SGD 132.6m | SGD 121.8m | SGD 131.8m |
| Dividends paid | −SGD 118.4m | −SGD 110.4m | −SGD 116.6m | −SGD 135.8m | −SGD 147.9m | −SGD 117.2m | −SGD 104.4m | −SGD 73.5m | −SGD 72.5m | −SGD 65.4m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2020 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 142.5m | SGD 131.1m | SGD 148.8m | SGD 146.7m | SGD 146.3m | SGD 138.8m | SGD 71.5m | SGD 150.0m |
| Gross profit | SGD 104.9m | SGD 97.1m | SGD 108.4m | SGD 108.6m | SGD 109.5m | SGD 106.9m | SGD 55.8m | SGD 108.8m |
| Operating income | SGD 103.9m | SGD 96.2m | SGD 108.1m | SGD 107.5m | SGD 109.0m | SGD 107.0m | SGD 27.4m | SGD 112.8m |
| Net income | −SGD 14.6m | SGD 40.9m | −SGD 117.1m | SGD 46.6m | SGD 154.0m | SGD 44.0m | SGD 24.1m | −SGD 92.3m |
| Diluted earnings per share | -0.00 | 0.01 | -0.02 | 0.01 | 0.03 | 0.01 | 0.00 | -0.02 |
| Cash from operations | — | — | — | — | — | — | — | SGD 58.0m |
| Total assets | SGD 5.57bn | SGD 5.94bn | SGD 5.94bn | SGD 6.07bn | SGD 6.07bn | SGD 5.98bn | SGD 5.98bn | SGD 6.77bn |
| Cash and short-term investments | — | — | — | — | — | — | SGD 70.2m | SGD 88.5m |
| Debt | SGD 1.59bn | SGD 1.95bn | SGD 1.98bn | SGD 1.97bn | SGD 2.06bn | SGD 2.07bn | SGD 2.10bn | SGD 2.35bn |
| Shareholders' equity | SGD 3.31bn | SGD 3.36bn | SGD 3.40bn | SGD 3.51bn | SGD 3.52bn | SGD 3.43bn | SGD 3.68bn | SGD 3.54bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 73.8% | 73.4% | 75.9% | 81.1% | 81.2% | 72.2% | — | — | — | — |
| Operating margin | 41.3% | 17.7% | 103.9% | 88.4% | 77.2% | 70.4% | — | — | — | — |
| Net margin | 10.4% | -23.1% | 70.2% | 114.1% | 15.6% | -12.4% | — | — | — | — |
| Return on equity | 0.9% | -2.0% | 5.7% | 8.0% | 1.2% | -1.0% | — | — | — | — |
| Return on assets | 0.5% | -1.2% | 3.3% | 4.6% | 0.7% | -0.5% | — | — | — | — |
| Free cash flow yield | — | — | — | — | 9.2% | 12.9% | 8.9% | 12.4% | 15.5% | 17.8% |
| Revenue growth | -7.4% | 3.7% | 18.0% | -3.4% | -14.4% | 13.5% | — | — | — | — |
| Earnings growth | -141.6% | -134.1% | -27.4% | 608.9% | -207.2% | -130.5% | — | — | — | — |
| Current ratio | 0.38x | 1.70x | 0.75x | 0.18x | 0.31x | 2.76x | — | — | — | — |
| Debt to equity | 0.48x | 0.58x | 0.58x | 0.50x | 0.54x | 0.66x | — | — | — | — |
| Equity ratio | 59.3% | 57.2% | 58.1% | 57.6% | 57.3% | 52.3% | — | — | — | — |
| Interest coverage | 1.47x | 0.53x | 3.37x | 3.18x | 3.02x | 2.74x | — | — | — | — |
| Buybacks as a share of market value | — | — | — | — | -0.5% | -0.4% | -69.2% | -35.2% | -6.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.2% | -1.3% | 10.5% |
| Operating income | 4.6% | -1.7% | 7.8% |
| Net income | -53.1% | — | -9.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 73.6% | 75.9% | 76.0% | 74.1% |
| Operating margin | 73.6% | 74.1% | 74.0% | 74.4% |
| Net margin | -7.0% | 39.8% | 26.8% | 37.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 68.8 | -22.7 | 7.7 | 6.6 | 61.5 | -57.4 | 25.6 | 12.5 | 10.9 | 21.9 |
| Price to sales | 7.2 | 5.2 | 5.4 | 7.5 | 9.6 | 7.1 | 11.8 | 8.3 | 8.5 | 7.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 29 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.025 | 0.021 | 0.02 | 0.017 | 0.017 | 0.009 | 0.011 | 0.018 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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