Financial Performance - The group's revenue for the year ended July 31, 2025, was approximately SGD 12,229,000, a decrease of about SGD 86,000 or 0.7% compared to the previous year[5]. - The annual loss for the group was approximately SGD 1,130,000, significantly improved from a loss of SGD 3,270,000 for the year ended July 31, 2024[5]. - Gross profit for the year was SGD 2,035,536, down from SGD 3,015,851 in the previous year, indicating a decline in profitability[7]. - Total comprehensive loss for the year was SGD 1,082,078, compared to a loss of SGD 3,251,666 in the previous year[7]. - The company reported a basic loss per share of SGD 0.53 in 2025, a significant improvement from SGD 3.92 in 2024, indicating better financial performance[28]. - The company's pre-tax loss improved to SGD 1,129,938 in 2025 from SGD 3,270,268 in 2024, reflecting a reduction in employee costs and other expenses[25]. - The overall gross profit of the group decreased by approximately 32.5% from about SGD 3,016,000 for the year ended July 31, 2024, to about SGD 2,036,000 for the year ended July 31, 2025[49]. - Other income decreased by approximately SGD 261,000 or 49.1% from about SGD 532,000 for the year ended July 31, 2024, to about SGD 271,000 for the year ended July 31, 2025[50]. Revenue Breakdown - Total revenue for the year ended July 31, 2025, was SGD 12,228,924, a slight decrease from SGD 12,315,054 in 2024, representing a decline of approximately 0.7%[19]. - Revenue from manpower outsourcing services was SGD 8,881,253 in 2025, down from SGD 12,256,984 in 2024, indicating a decrease of about 27.5%[22]. - Major clients contributed SGD 5,316,859 to total revenue, down from SGD 6,806,352 in 2024, reflecting a decrease of approximately 21.9%[20]. - Client B generated SGD 4,091,364 in revenue in 2025, compared to SGD 3,250,464 in 2024, showing an increase of about 25.9%[21]. - Revenue from the hotel and resort sector within manpower outsourcing dropped by approximately 21.3%, from SGD 9,445,000 to SGD 7,436,000[45]. - The company expanded its service offerings by launching corporate development and training services in Hong Kong, generating revenue of approximately SGD 3,287,000, which accounted for 26.9% of total revenue[47]. Assets and Liabilities - Current assets increased to SGD 6,418,436 from SGD 5,597,013, while current liabilities rose to SGD 5,574,629 from SGD 3,961,394, resulting in a net current asset value of SGD 843,807[8]. - Non-current assets decreased to SGD 1,055,192 from SGD 1,672,537, primarily due to a reduction in deferred tax assets and investments in associates[8]. - The company's total equity decreased to SGD 1,792,961 from SGD 2,875,039, reflecting a decline in reserves[8]. - Trade receivables surged to SGD 3,653,850 in 2025, compared to SGD 748,637 in 2024, indicating a significant increase in sales or credit terms[30]. - Other payables and accrued liabilities rose to SGD 1,928,644 in 2025 from SGD 1,540,797 in 2024, reflecting increased operational expenses[35]. - The cash and cash equivalents decreased by approximately SGD 3,513,000 from SGD 4,154,000 as of July 31, 2024, to SGD 641,000 as of July 31, 2025[59]. Corporate Actions and Governance - The board of directors did not recommend the payment of a final dividend for the year ended July 31, 2025[5]. - The company completed a rights issue on July 11, 2024, raising approximately SGD 13,586,166 after expenses[40]. - The company sold its entire stake in SAR for SGD 15,000 (approximately HKD 91,000) on October 3, 2025[40]. - The company has adopted a code of conduct for directors' securities transactions, confirming compliance for the year ended July 31, 2025[84]. - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which were held by the same person until September 30, 2025[83]. - The audit committee reviewed the consolidated financial statements for the year ended July 31, 2025, and confirmed compliance with applicable accounting standards and GEM listing rules[87]. Strategic Initiatives - The company expanded its service portfolio to include corporate development and training services during the year[9]. - The company plans to continue reviewing its business strategy to explore opportunities for expanding its manpower solutions[41]. - The company plans to deepen relationships with existing clients and explore new business opportunities to enhance market competitiveness and shareholder value[77]. - The investment policy aims to generate stable risk-adjusted returns while maintaining sufficient liquidity and capital preservation[69]. Risk Management - The company is currently evaluating the impact of the new International Financial Reporting Standards on its financial statements[15]. - The implementation of new accounting standards is not expected to have a significant impact on the financial statements in the foreseeable future[13]. - The company will continue to monitor foreign exchange risks and consider hedging strategies as necessary, particularly with increased transactions in HKD, USD, and RMB[75]. - The company has no significant contingent liabilities as of July 31, 2025, consistent with the previous year[72].
星亚控股(08293) - 2025 - 年度业绩