W 
1.42
-1.39%
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 617.4m
FY2017FY2026
Net income
SGD 23.8m
FY2017FY2026
Free cash flow
SGD 39.8m
FY2017FY2026
Shareholders' equity
SGD 3.00bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 617.4m | SGD 230.2m | SGD 169.2m | SGD 476.3m | SGD 514.6m | SGD 461.4m | SGD 371.0m | SGD 322.6m | SGD 360.4m | SGD 263.2m |
| Operating income | SGD 38.8m | −SGD 15.1m | SGD 4.1m | SGD 27.2m | SGD 51.3m | SGD 63.0m | SGD 45.0m | SGD 2.5m | SGD 70.0m | −SGD 40.3m |
| Net income | SGD 23.8m | −SGD 61.0m | −SGD 78.7m | SGD 13.3m | SGD 140.2m | SGD 43.6m | SGD 16.0m | SGD 46.8m | SGD 225.2m | SGD 20.1m |
| Diluted earnings per share | 0.03 | -0.08 | -0.10 | 0.02 | 0.18 | 0.06 | 0.02 | 0.06 | 0.29 | 0.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SGD 4.13bn | SGD 4.28bn | SGD 3.99bn | SGD 4.15bn | SGD 4.26bn | SGD 4.49bn | SGD 4.65bn | SGD 4.36bn | SGD 4.50bn | SGD 4.62bn |
| Cash and short-term investments | — | — | — | — | — | — | SGD 605.5m | SGD 217.3m | SGD 792.2m | SGD 847.4m |
| Total liabilities | SGD 1.09bn | SGD 1.37bn | SGD 957.0m | SGD 797.6m | SGD 750.8m | SGD 937.1m | SGD 1.14bn | SGD 850.2m | SGD 1.06bn | SGD 1.32bn |
| Debt | SGD 741.9m | SGD 1.20bn | SGD 774.9m | SGD 600.0m | SGD 297.0m | SGD 575.2m | SGD 793.9m | SGD 627.1m | SGD 780.1m | SGD 929.6m |
| Shareholders' equity | SGD 3.00bn | SGD 2.85bn | SGD 2.97bn | SGD 3.29bn | SGD 3.43bn | SGD 3.48bn | SGD 3.51bn | SGD 3.51bn | SGD 3.44bn | SGD 3.29bn |
| Shares outstanding | 764m | 764m | 764m | 764m | 764m | 764m | 770m | 769m | 771m | 1,263m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SGD 41.2m | −SGD 443.4m | SGD 318.0m | −SGD 244.5m | SGD 97.5m | SGD 149.5m | SGD 277.3m | −SGD 460.1m | SGD 105.2m | SGD 139.5m |
| Capital spending | −SGD 1.4m | −SGD 4.0m | −SGD 5.0m | −SGD 4.8m | −SGD 5.9m | −SGD 3.8m | −SGD 3.0m | −SGD 9.5m | −SGD 9.4m | −SGD 7.7m |
| Free cash flow | SGD 39.8m | −SGD 447.4m | SGD 313.0m | −SGD 249.3m | SGD 91.7m | SGD 145.7m | SGD 274.2m | −SGD 469.6m | SGD 95.8m | SGD 131.8m |
| Dividends paid | −SGD 22.9m | −SGD 22.9m | −SGD 38.1m | −SGD 29.5m | −SGD 35.9m | −SGD 36.0m | −SGD 35.9m | −SGD 29.2m | −SGD 29.4m | −SGD 23.2m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Dec 2020 | Jun 2020 | Dec 2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SGD 270.2m | SGD 117.5m | SGD 112.7m | SGD 71.5m | SGD 97.7m | SGD 243.4m | SGD 187.5m | SGD 183.5m |
| Operating income | SGD 24.8m | SGD 3.6m | SGD 3.7m | SGD 13.3m | SGD 9.2m | SGD 50.5m | SGD 26.9m | SGD 18.0m |
| Net income | SGD 40.3m | −SGD 71.1m | SGD 10.1m | −SGD 99.2m | SGD 20.5m | SGD 56.8m | −SGD 16.8m | SGD 32.8m |
| Diluted earnings per share | 0.05 | -0.09 | 0.01 | -0.16 | 0.02 | 0.07 | -0.02 | 0.04 |
| Cash from operations | SGD 210.0m | SGD 3.0m | −SGD 446.0m | SGD 38.0m | SGD 279.0m | SGD 81.0m | SGD 120.0m | −SGD 16.0m |
| Capital spending | — | −SGD 2.0m | −SGD 1.0m | −SGD 2.0m | −SGD 2.0m | −SGD 1.0m | — | −SGD 3.0m |
| Free cash flow | — | SGD 1.0m | −SGD 447.0m | SGD 36.0m | SGD 277.0m | SGD 80.0m | — | −SGD 19.0m |
| Total assets | SGD 4.19bn | SGD 4.28bn | SGD 4.28bn | SGD 3.99bn | SGD 4.25bn | SGD 4.48bn | SGD 4.65bn | SGD 4.44bn |
| Cash and short-term investments | — | — | — | — | — | SGD 786.5m | SGD 605.5m | SGD 220.9m |
| Debt | SGD 887.1m | SGD 1.20bn | SGD 1.04bn | SGD 774.9m | SGD 675.1m | SGD 640.3m | SGD 787.7m | SGD 1.37bn |
| Shareholders' equity | SGD 2.98bn | SGD 2.85bn | SGD 2.99bn | SGD 2.97bn | SGD 3.23bn | SGD 3.49bn | SGD 3.51bn | SGD 3.50bn |
Financial ratios
Data as of 4 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 10.5% | -6.7% | -21.1% | 5.6% | 11.0% | 13.6% | — | — | — | — |
| Net margin | 3.9% | -26.5% | -46.5% | 2.8% | 27.2% | 9.4% | — | — | — | — |
| Return on equity | 0.8% | -2.1% | -2.7% | 0.4% | 4.1% | 1.3% | — | — | — | — |
| Return on assets | 0.6% | -1.4% | -2.0% | 0.3% | 3.3% | 1.0% | — | — | — | — |
| Free cash flow yield | 3.9% | — | — | — | — | 14.1% | 25.6% | -41.3% | 10.5% | 8.2% |
| Revenue growth | 168.2% | 36.1% | -64.5% | -7.4% | 11.5% | 24.4% | — | — | — | — |
| Earnings growth | -139.0% | -22.5% | -691.3% | -90.5% | 221.7% | 172.8% | — | — | — | — |
| Current ratio | 6.48x | 11.44x | 9.05x | 8.36x | 3.32x | 6.07x | — | — | — | — |
| Debt to equity | 0.27x | 0.42x | 0.26x | 0.18x | 0.09x | 0.17x | — | — | — | — |
| Equity ratio | 72.5% | 66.6% | 74.4% | 79.2% | 80.6% | 77.5% | — | — | — | — |
| Interest coverage | 1.61x | -0.35x | -1.01x | 0.97x | 2.24x | 2.05x | — | — | — | — |
| Buybacks as a share of market value | -0.0% | — | — | — | — | 0.9% | -0.2% | 0.2% | 39.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.0% | 6.0% | 1.3% |
| Operating income | 12.5% | -9.2% | 3.5% |
| Net income | 21.4% | -11.4% | 12.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.8% | 3.7% | 6.9% | 6.3% |
| Net margin | -4.4% | -6.9% | 3.3% | 9.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 46.2 | -17.8 | -12.0 | 74.0 | 8.2 | 31.4 | 93.6 | 33.2 | 6.6 | 143.1 |
| Price to sales | 1.8 | 4.7 | 5.6 | 2.1 | 2.2 | 3.0 | 4.0 | 4.8 | 4.1 | 10.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 30 Oct 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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