Financial Performance - For the fiscal year ended June 30, 2025, the Group reported revenue of approximately S$23.0 million, a gross profit of approximately S$9.2 million, and a loss before taxation of approximately S$13.5 million[12]. - The Group's revenue for the Review Year was approximately S$23.0 million, representing an increase of approximately S$4.5 million, or 24.6%, compared to approximately S$18.4 million for the year ended June 30, 2024[43]. - Revenue from integrated designs and building services was approximately S$20.5 million, an increase of approximately S$4.4 million, or 27.0%, compared to approximately S$16.1 million for the year ended June 30, 2024[44]. - Revenue from trading of derivatives and asset management services was approximately S$1.4 million, representing an increase of approximately S$0.5 million, or 48.4%, compared to approximately S$1.0 million for the year ended June 30, 2024[47]. - The Group's gross profit was approximately S$9.2 million for the Review Year, with a gross profit margin of approximately 39.9%, down from 47.9% in the previous year[48]. - Administrative expenses increased by approximately S$0.5 million or 2.2% to approximately S$23.0 million, which was 100.0% of the revenue for the Review Year[54]. - The Group recorded a loss of approximately S$13.6 million for the Review Year, compared to a loss of approximately S$12.6 million for the year ended June 30, 2024[56]. - The Group's other income was approximately S$0.4 million, or 1.8% of revenue for the Review Year, down from 3.1% in the previous year[49]. - The Group has not generated any revenue from virtual assets custodian solutions services for the Review Year, compared to S$0.3 million in the previous year[46]. Market Position and Strategy - The Group aims to strengthen its market position in the medical and healthcare construction sectors in Singapore and diversify into financial technology (FinTech) areas[13]. - The Group is cautiously optimistic about the economic prospects in 2025, despite external uncertainties affecting the market[15]. - The development of the FinTech service platform and potential acquisitions are seen as opportunities to diversify revenue sources for the Group[18]. - The Group aims to maintain its market position in the medical and healthcare construction sectors despite competitive pressures and rising costs[33]. - The Group anticipates that the evolving financial landscape and increasing interest in virtual assets will create more investment opportunities for users[34]. - The Group aims to expand its participation in trading various financial instruments and increase the scale of assets under management[39]. FinTech Development - The Group has established a competent FinTech team focused on developing trading systems, custody infrastructure, and risk management, and has obtained regulatory licenses for virtual asset trading in Hong Kong[14]. - The Group has developed a user-centric FinTech trading service platform, focusing on compliance and user experience, to cater to global users interested in various asset classes[28]. - On June 17, 2025, the Group obtained virtual asset trading platform operator licenses from the Securities and Futures Commission, emphasizing its commitment to regulatory compliance[29]. - The Group is preparing a new platform to facilitate the sale of hashrate for cryptocurrency mining equipment owners, aiming to capitalize on the growing virtual asset market[33]. - The Group has adopted a prudent financial management approach, maintaining a healthy financial position throughout the Review Year[75][78]. Governance and Management - The Company is committed to high standards of corporate governance, adopting all mandatory disclosure requirements and code provisions in the Corporate Governance Code[152]. - The Board currently comprises three executive directors, two non-executive directors, and four independent non-executive directors, ensuring a diverse range of experience and professionalism[163]. - The Company has established a clear process for the appointment and re-election of directors, enhancing corporate governance[175]. - The independent non-executive directors contribute positively to the company's strategy and policies through informed comments[169]. - The Company adheres to the Corporate Governance Code in its committee structures and operations[197]. Human Resources - The Group employed a total of 113 full-time employees as of June 30, 2025, down from 149 in 2024, with total staff costs amounting to approximately S$20.7 million[89]. - The Group's employee performance is reviewed annually to attract and retain valuable employees, with potential salary increases and discretionary bonuses based on individual performance[92]. - Continuous professional development activities were recorded for Directors, including training and seminars on corporate governance[181]. Financial Position - As of June 30, 2025, total shareholders' funds decreased to approximately S$13.0 million from approximately S$26.8 million as of June 30, 2024[61][67]. - Current assets as of June 30, 2025, were approximately S$36.9 million, down from S$49.9 million in 2024, while current liabilities decreased to S$18.2 million from S$30.1 million, resulting in a current ratio of 2.0 compared to 1.7 in 2024[62][68]. - The gearing ratio increased significantly to 31.2% as of June 30, 2025, from 1.2% in 2024, primarily due to new interest-bearing borrowings from a controlling shareholder[63][68]. - Cash and cash equivalents increased to approximately S$18.5 million as of June 30, 2025, compared to S$15.7 million in 2024[66][71]. Shareholder and Investment Activities - The net proceeds from the Listing were approximately HK$74.0 million, intended for various applications including property acquisition and manpower strengthening[94]. - By June 30, 2025, HK$29.623 million of the planned HK$34 million for property acquisition had been utilized, leaving a balance of HK$4.377 million[97]. - The 2023 Placing generated gross proceeds of approximately HK$94.50 million, with net proceeds of approximately HK$93.56 million, fully utilized by June 30, 2025[98]. - The 2024 Placing raised gross proceeds of HK$51.10 million and net proceeds of approximately HK$50.59 million, also fully utilized by June 30, 2025[100]. - The Convertible Bond issuance resulted in gross proceeds of HK$26 million and net proceeds of approximately HK$25.8 million, with intended uses including 80% for Fintech Platform development[104].
HKE HOLDINGS(01726) - 2025 - 年度财报