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 | | | 致：香港交易及結算所有限公司 公司名稱: CTR Holdings Limited 呈交日期: 2025年12月3日 | 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) | 01416 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.0001 | USD | | 500,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.0001 | USD | | 500,000 | 本月底法定/註冊股本總額： USD 500,000 FF3 ...

Financial Performance - Revenue for the six months ended August 31, 2025, was SGD 133,385,000, an increase of 44.7% compared to SGD 92,208,000 for the same period in 2024[10] - Gross profit for the same period was SGD 13,672,000, representing a 58.5% increase from SGD 8,630,000 in 2024[10] - Profit before tax increased to SGD 8,209,000, up 111.4% from SGD 3,876,000 in the previous year[10] - Net profit for the period was SGD 6,944,000, a 115.5% increase compared to SGD 3,223,000 in 2024[10] - Total comprehensive income for the period was SGD 6,462,000, compared to SGD 2,953,000 in the same period last year, reflecting a 118.5% increase[10] - Basic and diluted earnings per share for the period were SGD 0.5, compared to SGD 0.2 in the previous year, representing a 150% increase[10] - For the six months ended August 31, 2025, the company reported a pre-tax profit of 8,209 thousand SGD, compared to 3,876 thousand SGD for the same period in 2024, representing a 111% increase[15] - The total construction costs for the six months ended August 31, 2025, amounted to 119,713 thousand SGD, up 43% from 83,578 thousand SGD in 2024[37] - The total tax expense for the six months ended August 31, 2025, was 1,265 thousand SGD, which is 94% higher than the 653 thousand SGD recorded in 2024[46] - Basic earnings per share for the six months ended August 31, 2025, were 4.96 SGD, compared to 2.30 SGD in the same period last year, marking a 116% increase[48] Assets and Liabilities - Current assets as of August 31, 2025, totaled SGD 117,944,000, up from SGD 101,692,000 as of February 28, 2025[12] - Total assets increased to SGD 144,032,000 from SGD 127,254,000, indicating a growth of 13.2%[12] - Total liabilities rose to SGD 75,402,000 from SGD 67,053,000, marking an increase of 12.5%[12] - Equity attributable to owners of the company was SGD 66,663,000, up from SGD 60,201,000, reflecting a growth of 10.8%[12] - The company reported contract assets of 44,391,000 SGD as of August 31, 2025, an increase from 40,908,000 SGD as of February 28, 2025, primarily due to an increase in retention receivables[60] - The contract liabilities stood at 8,444,000 SGD as of August 31, 2025, compared to 7,086,000 SGD as of February 28, 2025, indicating an increase in construction contracts[64] - Trade payables increased to 57,539 thousand SGD as of August 31, 2025, from 47,249 thousand SGD as of February 28, 2025, reflecting a rise of 21.7%[76] - Other payables and accrued expenses rose to 8,688 thousand SGD as of August 31, 2025, compared to 10,578 thousand SGD as of February 28, 2025, showing a decrease of 17.9%[79] Cash Flow and Investments - Operating cash flow for the period was 30,030 thousand SGD, a significant increase from 450 thousand SGD in the previous year[15] - Cash and cash equivalents at the end of the period were 42,604 thousand SGD, up from 27,085 thousand SGD in the previous year[15] - The company reported a net cash outflow from investing activities of 17,187 thousand SGD, compared to a net inflow of 194 thousand SGD in 2024[15] - The group's cash and cash equivalents increased by 63.7% to approximately 75.6 million SGD as of August 31, 2025, from about 46.2 million SGD as of February 28, 2025[111] Employee and Management Costs - Employee benefits expenses, including salaries and bonuses, rose to 3,738 thousand SGD, compared to 3,185 thousand SGD in the same period last year, reflecting a 17% increase[37] - The total employee cost amounted to approximately SGD 9.9 million, an increase from SGD 9.6 million for the six months ended August 31, 2024[125] - The management's total remuneration for the six months ended August 31, 2025, was 960 thousand SGD, an increase from 728 thousand SGD in the same period last year, representing a growth of 31.8%[96] - The total remuneration for directors and executives increased to 1,001 thousand SGD, up 31% from 767 thousand SGD in 2024[41] Shareholder and Corporate Governance - Major shareholders, including Brave Ocean, hold 1,050,000,000 shares, representing 75% of the issued share capital[133] - The board members and top executives collectively own 75% of the company through Brave Ocean, which is controlled by them[129] - The company has adopted a stock option plan as a reward for directors and eligible employees[125] - There are no significant changes in the shareholdings of directors or executives as of August 31, 2025[131] - The company has adhered to the corporate governance code, except for the combined roles of Chairman and CEO held by Mr. Xu Xuping, which the board believes benefits the group's operations[138] Operational Highlights - The number of ongoing projects increased from 20 to 23, with a total contract value of approximately 710 million SGD, of which about 333 million SGD has been recognized as revenue[99] - The company operates primarily in Singapore, generating 100% of its revenue from this region[28] - The group maintains a prudent cash management policy, ensuring strong cash flow and a solid project pipeline despite ongoing geopolitical and trade tensions[100] - The company is actively hiring foreign workers from multiple countries to mitigate potential labor shortages due to regulatory changes[125] Other Financial Information - The company has no significant investments or acquisitions planned as of August 31, 2025[118] - The group reported contingent liabilities of 34.889 million SGD related to performance bonds as of August 31, 2025, up from 25.165 million SGD as of February 28, 2025[121] - No interim dividend has been recommended for the six months ended August 31, 2025, consistent with the previous year[127] - The company has no significant events to report after August 31, 2025, up to the date of this report[126] - The audit committee reviewed the unaudited interim results for the six months ending August 31, 2025, with no disagreements on accounting standards and policies[141] - The unaudited interim results announcement has been published on the Hong Kong Stock Exchange website and the company's website[142]

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 | | | 公司名稱: CTR Holdings Limited 呈交日期: 2025年11月4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) | 01416 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 5,000,000,000 | | USD | 0.0001 | USD | | 500,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.0001 USD | | 500,000 | 本月底法定/註冊股本總額： USD 500,000 FF301 第 1 頁 共 10 頁 v 1. ...

Core Viewpoint - CTR HOLDINGS (01416) reported a significant increase in both revenue and profit for the six months ending August 31, 2025, indicating strong financial performance and growth potential [1]. Financial Performance - The company achieved a revenue of 133 million Singapore dollars, representing a year-on-year increase of 44.66% [1]. - The profit for the period was 6.944 million Singapore dollars, which is a substantial year-on-year increase of 115.45% [1]. - The basic earnings per share were reported at 0.5 Singapore cents [1].

Core Viewpoint - CTR HOLDINGS (01416) reported a significant increase in both revenue and profit for the six months ending August 31, 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company achieved a revenue of SGD 133 million, representing a year-on-year increase of 44.66% [1] - The profit for the period was SGD 6.944 million, which is a substantial year-on-year increase of 115.45% [1] - Basic earnings per share were reported at 0.5 Singapore cents [1]

Core Viewpoint - CTR HOLDINGS (01416.HK) reported significant financial growth for the six months ending August 31, 2025, with notable increases in revenue, gross profit, and net profit attributable to shareholders [1] Financial Performance - The company achieved a revenue of 133 million Singapore dollars, representing a year-on-year increase of 44.7% [1] - Gross profit reached 13.67 million Singapore dollars, marking a year-on-year increase of 58.4% [1] - Net profit attributable to shareholders was 6.944 million Singapore dollars, reflecting a year-on-year increase of 115.5% [1] - Basic earnings per share stood at 0.5 Singapore cents [1]

Financial Performance - For the six months ending August 31, 2025, CTR Holdings Limited reported revenue of 133,385 thousand SGD, a 44.7% increase from 92,208 thousand SGD in the same period of 2024[3] - Gross profit for the same period was 13,672 thousand SGD, up 58.5% from 8,630 thousand SGD year-over-year[3] - The company achieved a profit before tax of 8,209 thousand SGD, representing a 111.5% increase compared to 3,876 thousand SGD in the previous year[3] - Net profit for the period was 6,944 thousand SGD, which is a 115.5% increase from 3,223 thousand SGD in the prior year[3] - Total revenue for the six months ended August 31, 2025, was 133,385 thousand SGD, an increase of 44.7% compared to 92,208 thousand SGD for the same period in 2024[15] - Revenue for the six months ended August 31, 2025, was 8,209 thousand SGD, a 111% increase from 3,876 thousand SGD in 2024[22] - Basic earnings per share for the six months ended August 31, 2025, was 6,944 thousand SGD, compared to 3,223 thousand SGD in 2024, reflecting a significant increase[23] - The group's net profit for the period was approximately 6.944 million SGD, compared to 3.223 million SGD for the six months ended August 31, 2024[42] Assets and Liabilities - Total assets as of August 31, 2025, amounted to 144,032 thousand SGD, compared to 127,254 thousand SGD as of February 28, 2025[5] - Current assets increased to 117,944 thousand SGD from 101,692 thousand SGD, reflecting a growth of 15.9%[5] - The company's total liabilities rose to 75,402 thousand SGD from 67,053 thousand SGD, indicating an increase of 12.5%[6] - The equity attributable to the owners of the company increased to 66,663 thousand SGD from 60,201 thousand SGD, a growth of 10.8%[6] - Trade receivables as of August 31, 2025, amounted to 10,315 thousand SGD, down from 25,749 thousand SGD as of February 28, 2025[25] - Trade payables as of August 31, 2025, totaled 57,539 thousand SGD, up from 47,249 thousand SGD as of February 28, 2025[27] Revenue Sources - Revenue from structural engineering work was 115,444 thousand SGD, up from 83,578 thousand SGD, representing a growth of 38.1%[15] - Revenue from earthworks construction increased to 17,941 thousand SGD from 8,630 thousand SGD, marking a growth of 108.5%[15] - Major customer T contributed 83,241 thousand SGD in revenue, accounting for over 10% of total group revenue[13] - The group expects to recognize 171,863 thousand SGD in revenue within one year from contracts, compared to 165,243 thousand SGD in the previous year[17] Costs and Expenses - The group incurred construction costs of 119,713 thousand SGD, an increase from 83,578 thousand SGD in the previous period[20] - Employee benefits expenses, including salaries and bonuses, amounted to 3,738 thousand SGD, compared to 3,185 thousand SGD in the prior year[20] - Construction costs rose by approximately 43.2% from about 83.6 million SGD for the six months ended August 31, 2024, to about 119.7 million SGD for the six months ended August 31, 2025[34] - The group's administrative expenses increased by approximately 0.7 million SGD to about 6.5 million SGD for the six months ended August 31, 2025[38] - Financial costs rose from about 5,000 SGD to about 9,000 SGD, an increase of approximately 80% due to the repayment of lease liabilities[40] - Income tax expenses increased by approximately 0.6 million SGD or 93.8% to about 1.3 million SGD, attributed to higher taxable profits during the period[41] Operational Insights - The company is engaged in structural engineering and masonry construction, with a focus on expanding its market presence[7] - Future strategies include potential new product development and market expansion initiatives to enhance overall performance[7] - The group operates primarily in Singapore, with 100% of total revenue generated from this region[14] - The company maintains a strong cash flow position, enabling it to compete effectively for more structural engineering and construction projects[32] - The company is facing industry challenges such as labor shortages and rising costs but is leveraging its strong reputation and expertise to navigate these issues[32] - The economic outlook for Singapore, particularly in the construction sector, remains resilient despite global uncertainties[32] Employee and Governance - The group employed a total of 430 employees in Singapore as of August 31, 2025, with 18.4% being Singapore citizens and 81.6% foreign workers[55] - The company regularly reviews employee performance and adjusts salaries as necessary[56] - The company aims to mitigate the impact of foreign worker shortages by hiring from multiple countries, including China, Bangladesh, India, Myanmar, Vietnam, and the Philippines[55] - The company has adopted a share option plan approved by shareholders on November 22, 2019, to incentivize eligible participants for their contributions to the group[60] - The audit committee reviewed the group's unaudited interim results for the six months ended August 31, 2025, and found no disagreements regarding the accounting policies adopted[63] - The company has adhered to the corporate governance code, with the exception of the separation of roles between the Chairman and the CEO[59] Dividends and Investments - The company did not declare any dividends for the six months ended August 31, 2025[24] - The company does not recommend the payment of an interim dividend for the six months ended August 31, 2025, compared to no dividend for the same period in 2024[58] - The group had no significant investments or acquisitions during the six months ended August 31, 2025[48] Contingent Liabilities and Events - The group reported contingent liabilities of 34.889 million SGD related to performance guarantees as of August 31, 2025[52] - There have been no significant events occurring after August 31, 2025, up to the date of this announcement[57]

Core Viewpoint - CTR HOLDINGS (01416) expects to achieve a profit of at least approximately 6.9 million SGD for the six months ending August 31, 2025, significantly higher than the profit of about 3.2 million SGD for the same period ending August 31, 2024, primarily due to an increase in gross profit driven by timely delivery of large construction projects and accelerated execution of major contracts [1] Financial Performance - The group anticipates a gross profit increase of approximately 5 million SGD during the upcoming period [1] - The expected profit of 6.9 million SGD represents a substantial year-on-year growth compared to the previous period's profit of 3.2 million SGD [1]

Core Viewpoint - CTR HOLDINGS (01416.HK) expects to record a profit of at least approximately 6.9 million Singapore dollars for the six months ending August 31, 2025, which represents a significant increase compared to the profit of about 3.2 million Singapore dollars for the same period ending August 31, 2024, primarily due to an increase in gross profit driven by timely delivery of large construction projects and accelerated execution of major contracts [1] Financial Performance - The expected profit for the upcoming period is at least 6.9 million Singapore dollars [1] - This is an increase of approximately 115.6% compared to the profit of about 3.2 million Singapore dollars recorded in the same period last year [1] - The increase in gross profit is attributed to the timely delivery of large construction projects, contributing approximately 5 million Singapore dollars to the profit increase [1]

Core Viewpoint - CTR HOLDINGS (01416) expects to achieve a profit of at least approximately 6.9 million Singapore dollars for the six months ending August 31, 2025, significantly up from a profit of about 3.2 million Singapore dollars for the same period ending August 31, 2024, primarily due to an increase in gross profit driven by timely delivery of large construction projects and accelerated execution of major contracts [1] Financial Performance - The company anticipates a gross profit increase of approximately 5 million Singapore dollars during the upcoming period [1] - The expected profit growth reflects a substantial year-on-year improvement, indicating a strong operational performance [1]