Financial Performance - The company's revenue for the fiscal year ending June 30, 2025, reached approximately SGD 77.7 million, an increase of about 11.7% compared to SGD 69.5 million for the previous year[12] - Gross profit decreased by approximately 12.6% to about SGD 5.1 million, down from SGD 5.9 million, resulting in a gross margin decline from 8.5% to 6.6%[12] - The net loss after tax for the fiscal year was approximately SGD 2.1 million, compared to a net loss of about SGD 9,000 in the previous year[12] - Total revenue increased from approximately SGD 69.5 million for the year ended June 30, 2024, to approximately SGD 77.7 million for the year ended June 30, 2025, representing an increase of about SGD 8.2 million or approximately 11.7%[17] - The group reported a loss of approximately SGD 2.1 million for the year ended June 30, 2025, compared to a loss of approximately SGD 0.9 million for the year ended June 30, 2024[26] Project and Market Outlook - The company has 28 ongoing projects with a nominal or estimated contract value of approximately SGD 235.5 million, of which SGD 61.1 million was recognized as revenue for the fiscal year[14] - The Singapore Construction Authority forecasts construction demand in 2025 to be between SGD 47 billion and SGD 53 billion, indicating a strong market outlook[14] - The company anticipates that public projects will continue to be a significant part of the Singapore construction industry[7] - The board believes the company is well-positioned to capitalize on the rising construction demand in the coming years due to its expertise in public sector projects[14] Cost and Profitability - The increase in service costs was a significant factor contributing to the decline in gross profit and gross margin[12] - Service costs rose from approximately SGD 63.6 million for the year ended June 30, 2024, to approximately SGD 72.5 million for the year ended June 30, 2025, an increase of about SGD 8.9 million or approximately 14.0%[18] - Gross profit decreased from approximately SGD 5.9 million for the year ended June 30, 2024, to approximately SGD 5.1 million for the year ended June 30, 2025, a decline of about 12.6%[19] - Gross margin fell from approximately 8.5% for the year ended June 30, 2024, to approximately 6.6% for the year ended June 30, 2025, a decrease of 1.9 percentage points[19] Employee and Workforce - As of June 30, 2025, the group employed a total of 208 employees, an increase from 197 employees in 2024, with total employee costs amounting to approximately SGD 10.0 million, up from SGD 8.7 million in 2024[40] - The total number of employees increased from 197 in 2024 to 208 in 2025, reflecting a growth of approximately 5.6%[186] - Employee turnover rate improved to approximately 19.7% in 2025 from 23.4% in 2024, indicating a reduction of about 15.8%[187] - The number of male employees rose from 173 in 2024 to 182 in 2025, while female employees increased from 24 to 26, showing a slight growth in gender diversity[187] Corporate Governance - The company is committed to high standards of corporate governance to protect shareholder rights and enhance corporate value, adopting the corporate governance code effective until June 30, 2025[61] - The company has complied with the corporate governance code throughout the fiscal year ending June 30, 2025[62] - The board consists of two executive directors and three independent non-executive directors, ensuring a balance of power and independence[66] - The company has appointed independent non-executive directors with appropriate professional qualifications to ensure compliance with financial reporting standards[69] Environmental and Sustainability Efforts - The company has established an ESG working group led by senior management to oversee sustainability policies and practices[161] - The company reported a decrease in nitrogen oxides emissions from 262,182.41 grams in 2024 to 105,448.93 grams in 2025, representing a reduction of approximately 59.7%[171] - Water consumption decreased from 59.0 cubic meters in 2024 to 42.2 cubic meters in 2025, representing a reduction of approximately 28.8%[177] - The company has established an environmental management system compliant with ISO 14001:2015 standards to enhance environmental compliance and awareness[180] Risk Management - The company has adopted a risk management policy to identify, assess, and manage key business risks, with quarterly evaluations and mitigation plans in place[93] - The board has reviewed the effectiveness of the risk management and internal control systems and found them to be effective and adequate as of June 30, 2025[96] - External consultants have been engaged to review the effectiveness of the risk management and internal control systems for the fiscal year ending June 30, 2025[97] Customer Relations - The group has established customer communication channels, including office hotlines and site representatives, to handle inquiries and complaints, ensuring customer satisfaction[198] - No complaints or claims related to service quality issues have been received during the reporting period, indicating strong customer trust[198] Compliance and Legal Matters - The company faced no serious or systemic violations of relevant laws and regulations as of June 30, 2025[108] - The company has maintained sufficient public float as per listing rules up to the date of the report[150] - The company has not entered into any management contracts for overall business or any significant business during the year ended June 30, 2025[119]
坤集团(00924) - 2025 - 年度财报