Financial Performance - Anacle Systems reported revenue of SGD 26.7 million for the fiscal year ending May 31, 2024, an increase of 12.2% from SGD 23.8 million in the previous fiscal year[6]. - The net profit after tax for the fiscal year was SGD 590,988, up from SGD 372,304 in the previous year, reflecting a significant improvement in the company's fundamentals[6]. - Revenue for fiscal year 2024 reached SGD 26.7 million, an increase of SGD 2.9 million or 12.2% compared to fiscal year 2023[10]. - Gross profit for fiscal year 2024 was SGD 13.44 million, up SGD 1.6 million or 13.4% from fiscal year 2023[10]. - Adjusted EBITDA for fiscal year 2024 was SGD 2.63 million, a 20.1% increase from SGD 2.2 million in fiscal year 2023[11]. - Adjusted pre-tax profit for fiscal year 2024 was SGD 1 million, an increase of SGD 0.5 million compared to fiscal year 2023[10]. - The total comprehensive income for the year was SGD 586,090, compared to SGD 337,160 in the previous year, indicating an increase of about 74.0%[186]. - The company reported a profit before tax of 703,446,000 New Taiwan Dollars for 2024, up from 489,865,000 New Taiwan Dollars in 2023, marking an increase of approximately 43.6%[190]. Business Segments - The Simplicity® business segment achieved revenue growth of 12.7%, rising from SGD 22.5 million in FY 2023 to SGD 25.4 million in FY 2024, with a stable gross margin of 50.4%[6]. - The Starlight® business segment maintained stable revenue of SGD 1.3 million, with an increase in gross margin from 45.9% to 49.0% due to pricing adjustments[6]. - Simplicity® business segment revenue grew by 12.7% in fiscal year 2024, while Starlight® revenue saw a slight increase of 2.7%[10]. - Total recurring revenue from both business segments increased from 70.5% in fiscal year 2023 to 81.3% in fiscal year 2024[10]. Cash Flow and Reserves - As of May 31, 2024, Anacle reported an operating cash reserve of SGD 11.7 million, showcasing strong cash flow generation[9]. - Cash and bank balances stood at SGD 11.7 million as of fiscal year 2024[11]. - Cash generated from operating activities improved to SGD 825,263 in fiscal year 2024, compared to cash used of SGD 1,045,274 in fiscal year 2023[37]. - The total cash and cash equivalents at the end of the fiscal year 2024 were S$11,721,559, a decrease from S$11,853,222 in 2023, reflecting a net decrease of S$126,120[82]. Market Expansion and Strategy - Anacle secured significant long-term SaaS contracts from leading real estate companies and government agencies, reinforcing its market position[7]. - The company opened an office in Tokyo, indicating a commitment to international expansion[7]. - The company anticipates continued growth in subscription and support services revenue as it expands its customer base and enhances its operational infrastructure[30]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2025[56]. Research and Development - Research and development expenses for fiscal year 2024 amounted to SGD 2,607,512, an increase of SGD 269,103 or 11.51% from SGD 2,338,409 in fiscal year 2023, representing 9.77% and 9.83% of total revenue respectively[31]. - The company has invested $5 million in research and development for new technologies, focusing on AI integration in its products[55]. Corporate Governance - The board of directors confirmed compliance with all applicable corporate governance code provisions for the fiscal year ending May 31, 2024[57]. - The board consists of eight members, with over 60% being non-executive and independent non-executive directors, ensuring strong independent judgment[58]. - The company has established a culture of integrity and transparency, promoting a diverse workforce and nurturing talent[58]. - The company has adopted a board independence policy to ensure a balanced composition of executive and non-executive directors[78]. Employee and Workforce Management - The company employed 180 staff members with a total compensation of SGD 17.7 million, reflecting an increase from 161 employees and SGD 15.4 million in 2023[49]. - The employee turnover rate for FY2024 in Singapore is 26.4%, which is higher than the national turnover rate of 16% for the IT and other information services industry[163]. - The company is committed to continuous employee training and development, offering internal and external training opportunities[49]. Sustainability and Environmental Impact - The company has committed to promoting green practices and environmental awareness, implementing measures such as double-sided printing and recycling initiatives[117]. - The company aims to stabilize greenhouse gas emissions intensity per employee at the 2022 level by 2031[134]. - In fiscal year 2024, Anke reported zero direct greenhouse gas emissions (Scope 1) and 84.96 tons of indirect emissions (Scope 2) from purchased electricity, compared to 51.64 tons in fiscal year 2023[138]. - The company has transitioned its business model from local implementation to a cloud-based Software as a Service (SaaS) model to minimize data security vulnerabilities associated with physical access[133]. Compliance and Legal Matters - The company has complied with all applicable laws and regulations without any significant violations impacting its operations during the fiscal year 2024[119]. - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of May 31, 2024, in accordance with international financial reporting standards[176]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting revenue growth of 25% and aiming for $187.5 million in total revenue[54]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[190].
安科系统(08353) - 2024 - 年度业绩