Financial Performance - Total revenue for the fiscal year ending June 30, 2025, was SGD 239.918 million, a 79.3% increase from SGD 133.829 million in the previous year[4] - Gross profit for the same period was SGD 24.625 million, up from SGD 7.736 million, representing a significant increase of 218.5%[4] - Profit attributable to shareholders for the fiscal year was SGD 12.772 million, compared to SGD 1.571 million in the previous year, marking an increase of 713.5%[4] - Basic and diluted earnings per share rose to SGD 1.60 from SGD 0.20, reflecting an increase of 700%[4] - The total segment profit for the fiscal year 2025 was SGD 15,212,000, compared to SGD 11,000 in 2024, marking a substantial increase[31] - The group recorded a net profit of SGD 12.8 million for the fiscal year ending June 30, 2025, compared to SGD 1.6 million for the previous year[74] Assets and Liabilities - Total assets increased to SGD 175.101 million from SGD 98.916 million, a growth of 77.0%[5] - Total liabilities rose to SGD 123.134 million, up from SGD 59.903 million, indicating a 105.3% increase[6] - The company’s equity attributable to shareholders increased to SGD 51.967 million from SGD 39.013 million, a growth of 33.1%[6] - The total current assets amounted to SGD 155.3 million, up from SGD 76.3 million in the previous year, while total current liabilities were SGD 121.2 million, compared to SGD 57.3 million previously[76] Cash Flow - Net cash flow from operating activities was SGD 57.233 million, significantly higher than SGD 19.618 million in the previous year, an increase of 191.5%[8] - Cash and cash equivalents increased substantially to SGD 93,710,000 at the end of 2025, up from SGD 41,185,000 at the beginning of the year, reflecting a net increase of SGD 52,525,000[9] - Net cash flow from financing activities decreased significantly to (SGD 6,076,000) in 2025 from (SGD 1,522,000) in 2024, indicating increased financial outflows[9] Revenue Segmentation - The construction segment generated revenue of SGD 238,674,000, up from SGD 133,288,000, indicating a growth of about 79.2% year-over-year[34] - The property segment reported revenue of SGD 1,244,000, an increase from SGD 541,000, reflecting a growth of approximately 130%[34] - The estimated revenue to be recognized in the next year is SGD 286,193,000, compared to SGD 216,758,000 in the previous year, indicating a growth of about 32%[37] Costs and Expenses - The cost of sales for the same period was SGD 215.3 million, up SGD 89.2 million or 70.7% from SGD 126.1 million in the previous year, reflecting increased construction activities[69] - The total employee benefits expenses, excluding directors' remuneration, rose to SGD 18,876,000 in 2025 from SGD 14,957,000 in 2024, reflecting a year-on-year increase of approximately 26%[42] - The total employee cost for the year ending June 30, 2025, is SGD 21.4 million, an increase from SGD 16.7 million in 2024[88] Investments and Financing - Interest income increased to SGD 1,751,000 in 2025 from SGD 1,385,000 in 2024, reflecting a growth of approximately 26.4%[38] - Interest paid rose to (SGD 176,000) in 2025 compared to (SGD 150,000) in 2024, indicating higher financing costs[9] - Principal repayments of lease liabilities increased to (SGD 859,000) in 2025 from (SGD 437,000) in 2024, suggesting a rise in lease obligations[9] - Bank loan repayments increased to (SGD 1,041,000) in 2025 from (SGD 935,000) in 2024, reflecting a higher debt repayment burden[9] Market Outlook - The construction industry in Singapore is projected to grow by 6.0% year-on-year, benefiting from both public and private sector construction activities[64] - The overall construction demand in Singapore for 2025 is expected to range between SGD 47 billion and SGD 53 billion, higher than pre-COVID levels[66] - The construction demand forecast for 2025 is expected to range between SGD 47 billion and SGD 53 billion, supported by both public and private sector projects[85] Corporate Governance - The Audit Committee was established on December 17, 2019, and consists of independent non-executive directors, ensuring compliance with listing rules[96] - The consolidated financial statements for the year ending June 30, 2025, were reviewed by the Audit Committee and deemed compliant with applicable accounting standards and listing rules[97] - Ernst & Young LLP confirmed that the preliminary announcement figures for the group's consolidated financial position as of June 30, 2025, are consistent with the audited financial statements[98] Shareholder Information - The company plans to declare a final dividend of HKD 0.02 per ordinary share, totaling approximately SGD 2,600,000, pending approval at the upcoming annual general meeting[43] - The proposed final dividend for the year ending June 30, 2025, is HKD 0.02 per ordinary share, amounting to approximately HKD 16 million (equivalent to SGD 2.6 million)[87] Risk Management - The company has implemented strict credit control measures to minimize credit risk, with senior management regularly reviewing overdue balances[52] - The company has no expected credit losses on trade receivables for both 2024 and 2025, indicating a stable credit risk environment[53] - The company has no significant contingent liabilities as of June 30, 2025[79]
光荣控股(09998) - 2025 - 年度业绩