Financial Performance - For the six months ended June 30, 2025, the total revenue of Hygieia Group Limited was approximately SGD 39.4 million, representing a 6.4% increase compared to SGD 37.0 million for the same period in 2024[13]. - Gross profit increased from approximately SGD 6.1 million for the six months ended June 30, 2024, to approximately SGD 7.4 million for the same period in 2025, with the gross margin improving from 16.4% to 18.9%[15]. - Net profit for the six months ended June 30, 2025, was approximately SGD 2.1 million, up from SGD 1.2 million for the same period in 2024[21]. - For the six months ended June 30, 2025, the company reported revenue of 39,351 thousand SGD, an increase of 6.5% from 36,982 thousand SGD in the same period of 2024[51]. - Operating profit increased to 2,744 thousand SGD, representing a 76.7% increase compared to 1,554 thousand SGD in 2024[51]. - The net profit for the period was 2,120 thousand SGD, a 84.3% increase from 1,150 thousand SGD in the previous year[51]. - Basic and diluted earnings per share rose to 0.104 SGD, compared to 0.055 SGD in 2024, reflecting a 89.1% increase[51]. - The company reported a profit attributable to owners of the company of 2,082,000 SGD for the six months ended June 30, 2025, compared to 1,092,000 SGD in 2024, representing an increase of 90.8%[77]. - Basic and diluted earnings per share for the six months ended June 30, 2025, were 0.104 SGD, compared to 0.055 SGD in 2024, indicating an increase of 89.1%[77]. Revenue and Expenses - The cost of sales for the same period was approximately SGD 31.9 million, an increase of about 3.2% from SGD 30.9 million in 2024[14]. - Administrative expenses increased to approximately SGD 4.8 million for the six months ended June 30, 2025, from SGD 4.6 million in 2024, primarily due to higher employee benefits and professional fees[16]. - Tax expenses for the six months ended June 30, 2025, were approximately SGD 561,000, with an effective tax rate of 20.9%, compared to SGD 307,000 and 21.1% in 2024[20]. - Total employee benefits expenses for the six months ended June 30, 2025, amounted to 28,212,000 SGD, up from 25,041,000 SGD in 2024, reflecting an increase of 8.7%[71]. - The company’s income tax expense for the six months ended June 30, 2025, was 561,000 SGD, compared to 307,000 SGD in 2024, representing an increase of 83.6%[76]. - The company’s total financial costs decreased to 63,000 SGD for the six months ended June 30, 2025, from 97,000 SGD in 2024, a reduction of 35.1%[74]. Assets and Liabilities - As of June 30, 2025, the group's current assets were approximately SGD 33.9 million, with cash and cash equivalents of about SGD 10.3 million[22]. - The group's current liabilities were approximately SGD 11.3 million, resulting in a current ratio of 3.0[22]. - Total assets decreased to 37,743 thousand SGD from 40,995 thousand SGD, a decline of 7.5%[53]. - Total liabilities also decreased to 11,688 thousand SGD from 13,062 thousand SGD, a reduction of 10.5%[53]. - The company's equity attributable to owners decreased to 25,900 thousand SGD from 27,817 thousand SGD, a decline of 6.9%[53]. - Total trade receivables as of June 30, 2025, were 14,160,000 SGD, an increase from 13,358,000 SGD as of December 31, 2024[80]. - Total trade and other payables as of June 30, 2025, were 8,080,000 SGD, down from 8,586,000 SGD as of December 31, 2024, reflecting a decrease of 5.9%[84]. Cash Flow and Dividends - Cash flow from operating activities for the six months ended June 30, 2025, was 3,015 thousand SGD, a significant improvement from a cash outflow of 2,501 thousand SGD in 2024[56]. - The company paid dividends of 4,000 thousand SGD during the six months ended June 30, 2025, compared to 3,000 thousand SGD in the same period of 2024, indicating a 33.3% increase in dividend payments[56]. - The company recognized a total of 4,000,000 SGD in dividends for the year-end 2024, compared to 3,000,000 SGD for the year-end 2023[79]. Contracts and Investments - As of August 28, 2025, the group had 301 ongoing service contracts with an outstanding contract value of approximately SGD 65.8 million[10]. - The net proceeds from the company's listing amounted to approximately SGD 11.8 million, with SGD 9.7 million utilized and SGD 2.1 million remaining unutilized as of June 30, 2025[33]. - The company has no major investments, acquisitions, or disposals during the six months ended June 30, 2025[27]. Employee and Operational Insights - The company employed approximately 3,047 employees as of June 30, 2025, an increase from 2,609 employees as of December 31, 2024[34]. - The group plans to continue investing in technology and employee training to enhance productivity and maintain its market leadership in the environmental services industry[11]. - The company did not have any customers contributing over 10% of total revenue for the periods ended June 30, 2025, and June 30, 2024[65]. Regulatory and Compliance - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2025, confirming compliance with applicable accounting principles[40]. - The company is subject to the listing rules of the Hong Kong Stock Exchange[86]. - The company operates under the regulatory framework established by the National Environment Agency of Singapore[86]. - The company adheres to the standards of conduct for securities trading as outlined in the listing rules[86].
HYGIEIA GROUP(01650) - 2025 - 中期财报