Financial Performance - Total revenue for the six months ended December 31, 2025, was SGD 17,571,003, a decrease of 60.3% compared to SGD 44,185,932 in the same period of 2024[7] - The company reported a gross loss of SGD 786,780, compared to a gross profit of SGD 2,996,551 in the previous year, indicating a significant decline in profitability[7] - The company incurred a pre-tax loss of SGD 21,534,000, compared to a pre-tax profit of SGD 415,994 in the same period last year[7] - The net loss for the period was SGD 21,534,000, a significant decline from a profit of SGD 157,445 in 2024[7] - The total comprehensive loss attributable to owners of the company was SGD 21,582,276, compared to a total comprehensive income of SGD 120,190 in 2024[7] - Earnings per share for the period was a loss of SGD 2.15, compared to earnings of SGD 0.02 in the same period last year[7] - The company reported a total comprehensive loss of SGD 21,582,276 for the six months ended December 31, 2025, compared to a profit of SGD 157,445 for the same period in 2024[12] - The company reported a loss of approximately SGD 21.5 million for the six months ended December 31, 2025, compared to a profit of approximately SGD 0.2 million for the same period in 2024[89] Operational Costs - Administrative expenses were SGD 2,246,060, slightly down from SGD 2,409,377 in 2024, reflecting a reduction in operational costs[7] - The company experienced a significant increase in financial asset and contract asset impairment losses, totaling SGD 18,740,180, compared to SGD 486,434 in 2024[7] - Total employee costs for the six months ended December 31, 2025, amounted to SGD 3,749,574, down 18.4% from SGD 4,593,640 in 2024[38] - The total cost of materials recognized as service costs for the six months ended December 31, 2025, was SGD 10,329,627, a decrease of 50.0% from SGD 20,609,261 in 2024[38] - The company reported a significant reduction in subcontracting costs, which were SGD 4,602,479 for the six months ended December 31, 2025, down from SGD 16,163,814 in 2024, representing a decrease of 71.5%[38] Assets and Liabilities - Total assets as of December 31, 2025, amounted to SGD 12.68 billion, with a net asset value of SGD 12.67 billion[8] - Current liabilities were reported at SGD 1.21 billion, while total liabilities stood at SGD 1.76 billion[8] - The company’s equity attributable to shareholders was SGD 12.67 billion, reflecting a strong financial position[8] - The company reported a significant increase in cash and cash equivalents, totaling SGD 1.87 billion[8] - Trade receivables reached SGD 1.51 billion, indicating robust revenue collection processes[8] - The company’s total non-current assets were valued at SGD 11.47 billion, showcasing substantial long-term investments[8] - The company has a total of SGD 2.01 billion in lease liabilities, reflecting its commitment to long-term operational stability[8] - The company’s total equity as of December 31, 2025, was SGD 12,672,450, down from SGD 34,254,726 as of July 1, 2025[12] - The company’s accumulated losses increased to SGD 9,449,683 as of December 31, 2025, from SGD 21,534,000 for the same period in 2024[12] Revenue Sources - Revenue from public sector clients for the same period was SGD 17,193,004, down from SGD 44,161,409 in 2024, indicating a decrease of about 61.1%[26] - Major clients contributing over 10% of total revenue included Client I with SGD 5,764,543 and Client II with SGD 3,046,044, while Client III did not contribute in 2025[29] - The company confirmed revenue of approximately SGD 4.4 million from ongoing projects for the six months ended December 31, 2025, with the remaining revenue primarily from projects that were replaced or terminated[75] Impairment and Losses - The company experienced a significant increase in contract asset impairment losses, amounting to SGD 18,740,180 for the six months ended December 31, 2025, compared to SGD 422,612 in 2024[13] - The impairment loss on contract assets for the six months ended December 31, 2025, was SGD 18,740,180, a significant increase from SGD 422,612 in 2024[34] - The total expected credit loss for trade receivables is SGD 969,991, unchanged from the previous reporting period[51] - The total expected credit loss for the period increased to SGD 20,685,997 as of December 31, 2025, compared to SGD 1,945,817 at the end of the previous period, marking a significant rise[58] Cash Flow and Financing - Operating cash flow before changes in working capital was a loss of SGD 2,632,321 for the six months ended December 31, 2025, compared to a gain of SGD 1,074,662 in 2024[13] - The cash and cash equivalents decreased by SGD 9,851,022, resulting in an ending balance of SGD 136,841 as of December 31, 2025[13] - The company’s cash balance as of December 31, 2025, included approximately SGD 7.2 million in accounts under regulatory review, which restricted banking services[62] - The company’s financing costs decreased to SGD 8,600 for the six months ended December 31, 2025, compared to SGD 14,232 in 2024[13] Corporate Governance and Compliance - The company has adopted the standard code of conduct for securities trading by directors and has confirmed compliance until December 31, 2025[114] - The company has complied with the corporate governance code, with some deviations noted, including the absence of a separate chairman and CEO since November 2025[127] - The audit committee reviewed the unaudited interim results for the six months ended December 31, 2025, and found no objections regarding the accounting principles adopted by the management[130] Future Outlook - The company is focusing on cost management strategies to mitigate losses and improve future performance[6] - The company expects to recognize revenue from the allocated transaction prices for unsatisfied contracts between 2025 and 2029[28] - The company’s financial performance indicates a solid foundation for future expansion and investment opportunities[9]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 坤 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：924） Khoon Group Limited 收到主要股東聯席臨時清盤人的函件 茲提述坤集團有限公司（「本公司」）於2025年10月15日刊發的公告。本公告乃由本 公 司 根 據 香港 聯 合 交 易 所 有 限公 司 證 券 上 市 規 則（「上 市 規 則」）第 13.09 (2) 條 及 香 港法例第571章證券及期貨條例第XIVA部項下的內幕消息條文（ 定義見上市規則 ） 作出。 內幕消息 承董事會命 坤集團有限公司 執行董事 蔣采穎 本 公 司 董 事（「 董 事 」）會（「 董 事 會 」）謹 此 宣 佈 ， 其 最 近 收 到 S o ut he r n He rita ge Limited（「Southern Heritage」）（ 臨時清盤中 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 坤集團有限公司 | | | | | | 呈交日期: | 2026年3月2日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 00924 | 說明 | | | | 本月底法定/註冊股本總額： HKD 15,000,000 FF301 第 1 頁 共 10 頁 v 1.2.0 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 1,500,000,000 HKD 0.01 HKD 15,000,000 增加 / 減少 (-) HKD 本月底結存 1,500,000,000 HKD 0.01 HKD 15,000,000 FF301 II. 已發行股份 ...

Group 1 - The company, Kwan Group (00924), reported revenue of SGD 17.571 million for the six months ending December 31, 2025, representing a year-on-year decrease of 60.23% [1] - The company incurred a loss of SGD 21.534 million during the same period, marking a shift from profit to loss compared to the previous year [1] - The basic loss per share was recorded at 2.15 Singapore cents [1]

Group 1 - The company, Kwan Group (00924), reported a revenue of 17.571 million Singapore dollars for the six months ending December 31, 2025, representing a year-on-year decrease of 60.23% [1] - The company incurred a loss of 21.534 million Singapore dollars during the same period, marking a shift from profit to loss compared to the previous year [1] - The basic loss per share was 2.15 Singapore cents [1]

Group 1 - The core viewpoint of the article indicates that Koon Group (00924.HK) reported a significant decline in revenue and a net loss for the six months ending December 31, 2025, primarily due to rising copper prices and impairment losses on contract assets [1] - The company's revenue decreased by approximately 60.2% year-on-year to about 17.6 million Singapore dollars [1] - The net loss after tax for the same period was approximately 21.5 million Singapore dollars, contrasting with a net profit of about 0.2 million Singapore dollars for the six months ending December 31, 2024 [1] Group 2 - Koon Group is a Singapore-based electromechanical engineering contractor that has been established for over 30 years, providing essential services for the functionality and compliance of electrical systems [1] - The company's services include custom installation of electrical systems, assistance in obtaining regulatory approvals, and testing and commissioning [1] - The demand for the company's electromechanical engineering services is widespread in new building developments, reconstruction, and renovation projects, covering residential, commercial, and industrial buildings [1]

Financial Performance - For the six months ending December 31, 2025, the company reported revenue of SGD 17,571,003, a decrease from SGD 44,185,932 in the same period of 2024, representing a decline of approximately 60.3%[2] - The company recorded a gross loss of SGD 786,780 compared to a gross profit of SGD 2,996,551 in the previous year, reflecting a significant shift in profitability[2] - Total comprehensive loss attributable to the company for the period was SGD 21,582,276, compared to a profit of SGD 120,190 in 2024, marking a substantial decline[3] - The company reported a loss per share of SGD 2.15 for the period, compared to earnings of SGD 0.02 per share in the previous year, highlighting a drastic change in financial performance[3] - The group reported a gross loss of approximately SGD 0.8 million for the six months ended December 31, 2025, compared to a gross profit of approximately SGD 3.0 million for the same period in 2024[70] - The group's net loss after tax for the six months ended December 31, 2025, was approximately SGD 21.5 million, a significant decline from a net profit of approximately SGD 0.2 million for the same period in 2024[70] Revenue and Contracts - For the six months ending December 31, 2025, the company's revenue from contracts providing electrical engineering services amounted to SGD 17,571,003, compared to SGD 44,185,932 for the same period in 2024[19] - The revenue from public sector clients for the six months ending December 31, 2025, was SGD 17,193,004, while for the same period in 2024, it was SGD 44,161,409[20] - The total amount of transaction prices allocated to unsatisfied (or partially satisfied) performance obligations as of December 31, 2025, was SGD 62,781,227, compared to SGD 97,501,178 for 2024[22] - The company expects the transaction prices allocated to unsatisfied performance obligations to be recognized as revenue from 2024 to June 30, 2032[22] - The group recognized approximately SGD 11.6 million in revenue from completed projects during the reporting period[71] - The group’s public sector projects contributed approximately SGD 17.2 million, accounting for 97.8% of total revenue for the six months ended December 31, 2025[77] Expenses and Losses - The cost of services for the same period was SGD 18,357,783, down from SGD 41,189,381 in 2024, indicating a reduction of about 55.6%[2] - The company incurred administrative expenses of SGD 2,246,060, slightly down from SGD 2,409,377 in the previous year, showing a decrease of about 6.8%[2] - Impairment losses for the six months ended December 31, 2025, were approximately SGD 18.7 million, significantly higher than SGD 0.5 million for the same period in 2024, primarily due to provisions for expected credit losses[84] - The total employee costs for the six months ended December 31, 2025, were SGD 4,593,640, an increase from SGD 3,749,574 in 2024[32] - Administrative expenses for the six months ended December 31, 2025, were approximately SGD 2.2 million, a decrease from SGD 2.4 million for the same period in 2024, mainly due to reduced employee costs[85] Assets and Liabilities - Total assets as of December 31, 2025, amounted to SGD 24,856,782, while total assets as of June 30, 2025, were SGD 47,261,911[4] - Total liabilities as of December 31, 2025, were SGD 12,551,094, down from SGD 13,559,782 as of June 30, 2025[4] - The company's equity attributable to owners as of December 31, 2025, was SGD 12,672,450, compared to SGD 34,254,726 as of June 30, 2025[5] - The company’s accumulated losses as of December 31, 2025, were SGD (9,449,683), compared to SGD 12,084,317 as of June 30, 2025[5] - The total estimated default value for trade receivables as of December 31, 2025, was SGD 2,094,466, with an expected credit loss of SGD (969,991)[42] Management and Governance - The company is focusing on restructuring strategies to address the significant losses and improve future performance[2] - Future outlook remains cautious as the company navigates through the current financial challenges and aims for market recovery[2] - The group has complied with the corporate governance code and is continuously reviewing its governance practices[109] - The board of directors includes one executive director and two independent non-executive directors as of the announcement date[114] Compliance and Reporting Standards - The financial statements are prepared in accordance with the IFRS issued by the IASB, including applicable disclosures required by the stock exchange regulations[15] - The company has adopted new and revised International Financial Reporting Standards (IFRS) during the reporting period, which had no significant impact on the financial statements[11] - The company has not early adopted any new IFRS that will become effective in the fiscal year starting July 1, 2025[12] - Management is currently assessing the impact of IFRS 18 on the reporting and disclosure of consolidated financial statements[13] Employee and Workforce - As of December 31, 2025, the group employed 8 employees, a decrease from 217 employees as of December 31, 2024, reflecting a workforce adjustment due to current operational scale[100] - The total remuneration for key management personnel for the six months ended December 31, 2025, is SGD 509,094, a decrease from SGD 593,379 for the same period in 2024[68]

Group 1 - The company, Kwan Group (00924), anticipates a net loss attributable to shareholders of approximately 23 million Singapore dollars for the six months ending December 31, 2025, compared to a net profit of about 200,000 Singapore dollars for the same period in 2024 [1] - The expected net loss is primarily attributed to an increase in impairment losses on contract assets [1]

Group 1 - The company, Kwan Group (00924), anticipates a net loss attributable to shareholders of approximately 23 million Singapore dollars for the six months ending December 31, 2025, compared to a net profit of about 200,000 Singapore dollars for the same period in 2024 [1] - The expected net loss is primarily attributed to an increase in impairment losses on contract assets [1]

Group 1 - The company, Kwan Group (00924.HK), anticipates a net loss attributable to shareholders of no more than approximately 23 million Singapore dollars for the six months ending December 31, 2025, compared to a net profit of about 200,000 Singapore dollars for the same period in 2024 [1] - The expected loss is primarily attributed to an increase in impairment losses on contract assets [1]