Financial Performance - Anacle Systems Limited reported its unaudited financial performance for the first quarter of 2024/25, ending August 31, 2024[1]. - Revenue for Q1 2024/25 reached S$7,135,485, a 30.2% increase from S$5,481,305 in Q1 2023[8]. - Gross profit for the same period was S$3,569,114, up from S$2,558,985, reflecting a significant increase in profitability[8]. - Profit before tax was S$335,148, compared to a loss of S$337,210 in the previous year, indicating a turnaround in financial performance[8]. - Total comprehensive loss for the period was S$328,150, compared to a loss of S$331,732 in the previous year[11]. - Basic and diluted earnings per share for the quarter were S$0.08, compared to a loss of S$0.08 in the same quarter last year[11]. - The company reported a net profit of SGD 335,436 for Q1 2025, compared to a net loss of SGD 326,503 in Q1 2024[54]. Revenue Breakdown - The increase in gross profit was primarily driven by revenue growth in the Simplicity® and Starlight® segments, contributing S$973,894 and S$36,235 respectively[8]. - Revenue from contracts with customers is recognized when control of goods or services is transferred, excluding amounts collected on behalf of third parties[16]. - Project revenue is recognized based on the percentage of completion, determined by the ratio of work completed to the total estimated work[16]. - Subscription and support services accounted for 79.24% of total revenue in Q1 2025, generating SGD 5,654,046, up 29.87% from SGD 4,353,647 in Q1 2024[54][55]. - Revenue from Simplicity® Real Estate was 4,113,036 SGD, up 31.15% from 3,136,026 SGD in Q1 2024[56]. - Revenue from external customers for Simplicity® reached SGD 6,775,029 in Q1 2024, up from SGD 5,200,813 in Q1 2023, representing a growth of approximately 30.3%[31]. - Starlight® generated revenue of SGD 360,456 in Q1 2024, compared to SGD 280,492 in Q1 2023, reflecting an increase of about 28.5%[31]. Expenses and Costs - Research and development expenses amounted to S$776,047, up from S$636,340, reflecting ongoing investment in innovation[10]. - Total employee costs for the company increased to SGD 3,543,182 in Q1 2024 from SGD 3,057,795 in Q1 2023, reflecting a rise of about 15.8%[31]. - The company’s financing costs, specifically interest on lease liabilities, increased to SGD 29,759 from SGD 20,921 in the previous year, representing an increase of about 42.5%[38]. - General and administrative expenses rose to 1,786,009 SGD in Q1 2025, a 22.75% increase from 1,454,943 SGD in Q1 2024[61]. - Professional services costs increased by 12.25% to 894,848 SGD in Q1 2025, aligning with a 31.37% growth in professional services revenue[60]. Corporate Governance - The board of directors confirmed that the information provided in the announcement is accurate and complete, with no misleading statements or omissions[2]. - The company is committed to adhering to the corporate governance code as per the GEM listing rules, ensuring transparency and accountability[5]. - The company has a dedicated audit committee to oversee financial reporting and compliance, ensuring rigorous financial oversight[7]. - The board includes independent non-executive directors, enhancing governance and oversight of company operations[7]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with relevant regulations[73]. Shareholder Information - As of August 31, 2024, the total number of shares issued by the company is 406,976,128[66]. - Mr. Liu holds 45,572,000 shares and 10,000,000 related shares, representing a total equity of 60,572,000 shares, which is approximately 14.88% of the company[64]. - Major shareholders include Ms. Huang, who has beneficial interests in 60,572,000 shares, and M1 TeliNet Pte. Ltd., which holds 20,259,000 shares, representing about 4.98% of the company[68]. - A total of 39,915,849 stock options were granted under the 2023 plan, representing approximately 9.81% of the total issued ordinary shares[71]. - The estimated fair value of the stock options granted is approximately SGD 983,600, equivalent to HKD 5,644,000, calculated using the Black-Scholes pricing model[71]. Market and Operational Focus - The company continues to focus on software development and enterprise application solutions, indicating a commitment to market expansion and technological advancement[13]. - Simplicity® continues to focus on providing streamlined and efficient business solutions tailored for large enterprises in the Asia-Pacific region[47]. - The company plans to expand its market presence through new customer acquisitions and enhanced product offerings[55].
安科系统(08353) - 2025 Q1 - 季度业绩