Financial Performance - For the six months ended June 30, 2025, the group's unaudited revenue was approximately SGD 1,490,000, an increase of about SGD 108,000 or 7.8% compared to SGD 1,382,000 for the same period in 2024[7] - The group recorded an unaudited loss of approximately SGD 1,946,000 for the six months ended June 30, 2025, compared to an unaudited loss of SGD 1,552,000 for the same period in 2024[7] - Basic and diluted loss per share for the six months ended June 30, 2025, was 0.43 Singapore cents, compared to 0.34 Singapore cents for the same period in 2024[7] - Total revenue for the six months ended June 30, 2025, was SGD 1,489,655, compared to SGD 1,382,320 for the same period in 2024, representing an increase of approximately 7.8%[31] - The company reported a loss attributable to equity holders of SGD 1,945,532 for the six months ended June 30, 2025, compared to a loss of SGD 1,552,140 for the same period in 2024, resulting in a basic and diluted loss per share of 0.43 Singapore cents, up from 0.34 Singapore cents[40] - The company recorded a loss of approximately SGD 1,946,000 for the period, compared to a loss of approximately SGD 1,552,000 for the same period in 2024[63] Profitability and Expenses - Gross profit for the six months ended June 30, 2025, was SGD 688,563, an increase from SGD 409,298 for the same period in 2024[10] - The group incurred selling and distribution expenses of SGD 393,552 for the six months ended June 30, 2025, compared to SGD 262,744 for the same period in 2024[10] - The group’s administrative expenses increased to SGD 2,129,075 for the six months ended June 30, 2025, from SGD 1,887,744 for the same period in 2024[10] - Selling and distribution expenses increased by approximately SGD 131,000 to about SGD 394,000, mainly due to higher employee compensation and related expenses[61] - Administrative expenses rose by approximately SGD 241,000 to about SGD 2,129,000, primarily due to increased travel costs[62] Assets and Liabilities - Total assets less current liabilities as of June 30, 2025, amounted to SGD 8,752,838, down from SGD 10,618,572 as of December 31, 2024[11] - The group's total equity as of June 30, 2025, was SGD 8,673,041, a decrease from SGD 10,618,572 as of December 31, 2024[11] - The total assets as of June 30, 2025, amounted to SGD 9,007,960, down from SGD 11,210,366 as of December 31, 2024, reflecting a decrease of approximately 19.7%[32] - The total liabilities as of June 30, 2025, were SGD 334,919, compared to SGD 591,794 as of December 31, 2024, showing a reduction of approximately 43.5%[32] - Trade receivables decreased to SGD 494,634 as of June 30, 2025, from SGD 584,409 as of December 31, 2024, indicating a decline of approximately 15.3%[48] - The carrying amount of property, plant, and equipment decreased to SGD 757,108 as of June 30, 2025, from SGD 789,775 as of December 31, 2024, representing a decline of about 4.1%[41] - The group reported a decrease in inventory to SGD 199,201 as of June 30, 2025, compared to SGD 227,211 as of December 31, 2024[11] Cash Flow and Financing - The group's cash and cash equivalents decreased to SGD 2,387,123 as of June 30, 2025, from SGD 4,928,607 as of December 31, 2024[11] - Cash and cash equivalents decreased by SGD 2,541,484, down from SGD 6,188,414 at the end of June 2024, reflecting a decline of approximately 41.0%[14] - Operating cash outflow before changes in working capital was SGD 2,490,760, an increase from SGD 2,136,464 in the previous year, indicating a rise of about 16.6%[14] - The total cash outflow for leases was SGD 21,881 for the six months ended June 30, 2025, down from SGD 42,771 for the year ended December 31, 2024, reflecting a reduction of approximately 48.9%[42] - The financing activities resulted in a net cash outflow of SGD 21,879, which is slightly higher than SGD 20,514 in the previous year, showing an increase of about 6.7%[14] Employee and Operational Metrics - Employee benefits costs for the six months ended June 30, 2025, were SGD 1,875,266, slightly up from SGD 1,828,656 in 2024, indicating an increase of about 2.5%[36] - Total employee costs for the period amounted to approximately SGD 1,875,000, an increase from SGD 1,829,000 in the corresponding period[69] - As of June 30, 2025, the group had a total of 46 employees, up from 45 on December 31, 2024[68] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial results and confirmed compliance with applicable accounting standards and regulations[96] - The company has complied with the corporate governance code as per the listing rules during the six months ending June 30, 2025[92] - The board believes that the current governance structure allows for effective decision-making and oversight, with a majority of independent non-executive directors[92] Shareholder Information - Mr. Lu Yongde holds a beneficial interest in 230,000,000 shares, representing 51.11% of the total issued share capital of Billion Legend Company Limited[86] - The company has not granted any options under the share option scheme since its adoption on June 23, 2017, which is valid for ten years[87] - The board does not recommend the payment of an interim dividend for the current period[95] - The company has not disclosed any significant shareholder interests or conflicts of interest beyond what is stated in the report[86]
万马控股(06928) - 2025 - 中期财报