Financial Performance - Revenue for the six months ended December 31, 2024, was SGD 10,556,175, an increase of 27.5% compared to SGD 8,276,252 for the same period in 2023[4] - Gross profit decreased to SGD 2,884,492 from SGD 3,932,617, reflecting a decline of 26.7%[4] - The net loss for the period was SGD 7,556,861, compared to a net loss of SGD 6,812,255 in the previous year, indicating an increase in loss of 10.9%[4] - Total comprehensive loss for the period was SGD 6,881,750, slightly improved from SGD 7,588,838 in the prior year[5] - The company reported a consolidated loss before tax of SGD 7,558,257 for the six months ending December 31, 2024, compared to a loss of SGD 6,760,605 for the same period in 2023, indicating a deterioration in financial performance[22] - The company recorded a loss of approximately SGD 7.6 million for the six months ending December 31, 2024, compared to a loss of about SGD 6.8 million in the same period of 2023[73] Assets and Liabilities - Non-current assets increased to SGD 8,354,490 from SGD 7,268,607, representing a growth of 14.9%[7] - Current assets decreased significantly to SGD 27,811,618 from SGD 49,945,991, a decline of 44.3%[7] - Current liabilities were reduced to SGD 15,877,085 from SGD 30,053,022, a decrease of 47.1%[8] - The company's equity decreased to SGD 19,461,500 from SGD 26,827,500, a decline of 27.5%[8] - The company’s total liabilities increased significantly, with trade and other payables showing a decrease of SGD (15,388,787) in the current period compared to an increase of SGD 1,752,184 in the previous year[12] - As of December 31, 2024, total shareholders' equity was approximately SGD 19.5 million, down from SGD 26.8 million on June 30, 2024[74] Cash Flow and Investments - Operating cash flow before changes in working capital was SGD (7,079,952) for the six months ended December 31, 2024, compared to SGD (6,268,437) in 2023, indicating a decline of about 12.9%[12] - Total cash and cash equivalents decreased to SGD 6,246,367 as of December 31, 2024, down from SGD 11,708,603 at the end of 2023, marking a decline of approximately 46.6%[13] - The company reported a net cash outflow from investing activities of SGD (352,806) for the six months ended December 31, 2024, compared to a net cash inflow of SGD 5,046,495 in the same period of 2023[13] - The company’s financing activities resulted in a net cash outflow of SGD (249,295) for the six months ended December 31, 2024, compared to SGD (305,879) in the previous year[13] Revenue Sources - Revenue from major customers for the six months ending December 31, 2024, included Customer A at SGD 1,564,770, Customer B at SGD 2,595,056, and Customer C at SGD 3,556,622, with Customer C showing a significant increase from SGD 510,870 in 2023[26] - Revenue from Singapore accounted for 94% of total revenue for the six months ending December 31, 2024, up from 92% in 2023, highlighting the region's dominance in the company's operations[27] - Revenue from comprehensive design and construction services was approximately SGD 9.2 million, up by about SGD 2.1 million or 29.8% from SGD 7.1 million in the previous year[65] - Revenue from trading and asset management services increased to approximately SGD 0.7 million, a rise of about SGD 0.3 million or 73.7% compared to SGD 0.4 million in the prior period[67] Operational Developments - The company continues to focus on expanding its market presence and enhancing its service offerings, although specific new products or technologies were not detailed in the report[4] - The company is participating in the planning of a new hospital in eastern Singapore, which is expected to drive demand for radiation protection engineering[57] - The company is developing a fintech trading service platform that aims to provide users with access to various asset classes, including virtual assets and Web3 assets[58] - The company has acquired two subsidiaries focused on derivatives trading and asset management services to diversify its revenue sources[54] - The company has acquired two subsidiaries engaged in consulting and asset management services, marking the beginning of a new trading and asset management division[59] Employee and Administrative Costs - Employee costs for the six months ending December 31, 2024, totaled approximately SGD 9.8 million, slightly down from SGD 10.1 million for the same period in 2023[87] - Administrative expenses decreased by approximately SGD 0.3 million or 2.8% to about SGD 10.8 million, representing 102.6% of revenue, compared to 134.7% in the previous year[72] Shareholder Information - The company did not declare an interim dividend for the six months ended December 31, 2024, compared to no dividend in 2023[38] - The board has resolved not to declare any interim dividend for the six months ended December 31, 2024, consistent with the previous period[104] Compliance and Standards - The company did not apply any new or revised International Financial Reporting Standards that would have a significant impact on the financial statements for the current or prior periods[19] - The company has adopted all applicable new and revised International Financial Reporting Standards effective from July 1, 2024, without significant changes to accounting policies or reported amounts[19] - The audit committee, composed entirely of independent non-executive directors, has reviewed the unaudited results for the six months ended December 31, 2024, and confirmed compliance with applicable accounting standards[103]
HKE HOLDINGS(01726) - 2025 - 中期业绩