Financial Performance - For the six months ending August 31, 2025, CTR Holdings Limited reported revenue of 133,385 thousand SGD, a 44.7% increase from 92,208 thousand SGD in the same period of 2024[3] - Gross profit for the same period was 13,672 thousand SGD, up 58.5% from 8,630 thousand SGD year-over-year[3] - The company achieved a profit before tax of 8,209 thousand SGD, representing a 111.5% increase compared to 3,876 thousand SGD in the previous year[3] - Net profit for the period was 6,944 thousand SGD, which is a 115.5% increase from 3,223 thousand SGD in the prior year[3] - Total revenue for the six months ended August 31, 2025, was 133,385 thousand SGD, an increase of 44.7% compared to 92,208 thousand SGD for the same period in 2024[15] - Revenue for the six months ended August 31, 2025, was 8,209 thousand SGD, a 111% increase from 3,876 thousand SGD in 2024[22] - Basic earnings per share for the six months ended August 31, 2025, was 6,944 thousand SGD, compared to 3,223 thousand SGD in 2024, reflecting a significant increase[23] - The group's net profit for the period was approximately 6.944 million SGD, compared to 3.223 million SGD for the six months ended August 31, 2024[42] Assets and Liabilities - Total assets as of August 31, 2025, amounted to 144,032 thousand SGD, compared to 127,254 thousand SGD as of February 28, 2025[5] - Current assets increased to 117,944 thousand SGD from 101,692 thousand SGD, reflecting a growth of 15.9%[5] - The company's total liabilities rose to 75,402 thousand SGD from 67,053 thousand SGD, indicating an increase of 12.5%[6] - The equity attributable to the owners of the company increased to 66,663 thousand SGD from 60,201 thousand SGD, a growth of 10.8%[6] - Trade receivables as of August 31, 2025, amounted to 10,315 thousand SGD, down from 25,749 thousand SGD as of February 28, 2025[25] - Trade payables as of August 31, 2025, totaled 57,539 thousand SGD, up from 47,249 thousand SGD as of February 28, 2025[27] Revenue Sources - Revenue from structural engineering work was 115,444 thousand SGD, up from 83,578 thousand SGD, representing a growth of 38.1%[15] - Revenue from earthworks construction increased to 17,941 thousand SGD from 8,630 thousand SGD, marking a growth of 108.5%[15] - Major customer T contributed 83,241 thousand SGD in revenue, accounting for over 10% of total group revenue[13] - The group expects to recognize 171,863 thousand SGD in revenue within one year from contracts, compared to 165,243 thousand SGD in the previous year[17] Costs and Expenses - The group incurred construction costs of 119,713 thousand SGD, an increase from 83,578 thousand SGD in the previous period[20] - Employee benefits expenses, including salaries and bonuses, amounted to 3,738 thousand SGD, compared to 3,185 thousand SGD in the prior year[20] - Construction costs rose by approximately 43.2% from about 83.6 million SGD for the six months ended August 31, 2024, to about 119.7 million SGD for the six months ended August 31, 2025[34] - The group's administrative expenses increased by approximately 0.7 million SGD to about 6.5 million SGD for the six months ended August 31, 2025[38] - Financial costs rose from about 5,000 SGD to about 9,000 SGD, an increase of approximately 80% due to the repayment of lease liabilities[40] - Income tax expenses increased by approximately 0.6 million SGD or 93.8% to about 1.3 million SGD, attributed to higher taxable profits during the period[41] Operational Insights - The company is engaged in structural engineering and masonry construction, with a focus on expanding its market presence[7] - Future strategies include potential new product development and market expansion initiatives to enhance overall performance[7] - The group operates primarily in Singapore, with 100% of total revenue generated from this region[14] - The company maintains a strong cash flow position, enabling it to compete effectively for more structural engineering and construction projects[32] - The company is facing industry challenges such as labor shortages and rising costs but is leveraging its strong reputation and expertise to navigate these issues[32] - The economic outlook for Singapore, particularly in the construction sector, remains resilient despite global uncertainties[32] Employee and Governance - The group employed a total of 430 employees in Singapore as of August 31, 2025, with 18.4% being Singapore citizens and 81.6% foreign workers[55] - The company regularly reviews employee performance and adjusts salaries as necessary[56] - The company aims to mitigate the impact of foreign worker shortages by hiring from multiple countries, including China, Bangladesh, India, Myanmar, Vietnam, and the Philippines[55] - The company has adopted a share option plan approved by shareholders on November 22, 2019, to incentivize eligible participants for their contributions to the group[60] - The audit committee reviewed the group's unaudited interim results for the six months ended August 31, 2025, and found no disagreements regarding the accounting policies adopted[63] - The company has adhered to the corporate governance code, with the exception of the separation of roles between the Chairman and the CEO[59] Dividends and Investments - The company did not declare any dividends for the six months ended August 31, 2025[24] - The company does not recommend the payment of an interim dividend for the six months ended August 31, 2025, compared to no dividend for the same period in 2024[58] - The group had no significant investments or acquisitions during the six months ended August 31, 2025[48] Contingent Liabilities and Events - The group reported contingent liabilities of 34.889 million SGD related to performance guarantees as of August 31, 2025[52] - There have been no significant events occurring after August 31, 2025, up to the date of this announcement[57]
CTR HOLDINGS(01416) - 2026 - 中期业绩