Financial Performance - Revenue for the six months ended September 30, 2025, was SGD 44,211,022, a decrease of 9.8% compared to SGD 48,578,720 for the same period in 2024[4] - Gross profit increased to SGD 7,921,257, up 22.9% from SGD 6,446,672 in the previous period[4] - The net loss for the period was SGD 1,580,457, an improvement of 48.0% compared to a net loss of SGD 3,043,504 in the same period last year[6] - Basic and diluted loss per share improved to SGD (0.11) from SGD (0.24) year-on-year[6] - Revenue from Integrated Building Services was SGD 31,341,086, up 9.5% from SGD 28,632,220 in 2024[14] - Revenue from Building Construction decreased significantly to SGD 9,749,145, down 50.1% from SGD 19,454,827 in 2024[14] - Revenue from Information Technology Development and Application increased to SGD 588,027 from SGD 57,911, marking a growth of 908.5%[14] - Revenue from digital asset trading under other sources was SGD 1,145,968, up 201.6% from SGD 380,022 in 2024[15] - The company reported a loss attributable to owners of SGD 1,270,226 for the six months ended September 30, 2025, compared to a loss of SGD 2,874,000 for the same period in 2024, representing a 55.8% improvement[26] Assets and Liabilities - Total assets decreased to SGD 49,987,525 from SGD 54,426,216 as of March 31, 2025[7] - Current liabilities decreased to SGD 11,129,591 from SGD 14,813,854, indicating improved liquidity[7] - The company’s equity totalled SGD 56,887,878, a decrease from SGD 57,884,416 as of March 31, 2025[8] - Trade receivables amounted to SGD 11,759,330 as of September 30, 2025, down from SGD 15,734,473 as of March 31, 2025, indicating a decrease of 25.5%[27] - Trade payables decreased to SGD 6,186,327 as of September 30, 2025, from SGD 9,251,655 as of March 31, 2025, a reduction of 33.4%[32] - The company reported a total of SGD 8,340,719 in total liabilities as of September 30, 2025, compared to SGD 11,693,521 as of March 31, 2025, reflecting a decrease of 28.5%[32] Employee and Operational Costs - Total employee costs increased to SGD 7,762,162 for the six months ended September 30, 2025, up from SGD 6,927,770 in the previous year, reflecting an increase of 12.0%[24] - The cost of goods sold for inventory recognized as cost of sales and services was SGD 4,199,469, compared to SGD 3,449,584 in the previous year, marking a 21.7% increase[24] - As of September 30, 2025, the group employed 482 full-time employees, a decrease from 498 employees as of March 31, 2025[49] - Employee compensation is determined based on job scope, responsibilities, and performance, with local employees receiving discretionary bonuses based on performance and profitability[49] - The company provides employee benefits including retirement benefits, medical benefits, and sponsorship for training courses[49] Corporate Governance - The company has adhered to the corporate governance code, with the role of Chairman and CEO being separated, although the CEO position has been vacant since July 23, 2021[51] - The audit committee reviewed the interim financial data, which has not been audited, and confirmed compliance with applicable accounting standards and legal requirements[53] - The audit committee is composed of independent non-executive directors, ensuring effective oversight of financial reporting[53] - The board will continue to review its structure and may appoint a new CEO if a suitable candidate is found[51] - The company remains committed to maintaining good corporate governance to protect shareholder interests and ensure accountability[51] Revenue Sources and Market Conditions - Revenue from external customers in Singapore was SGD 41,090,231, down 14.5% from SGD 48,087,047 in 2024[16] - The company reported a total of three major clients contributing over 10% of total revenue, with Client I generating SGD 7,127,050 and Client II generating SGD 7,134,933 for the six months ended September 30, 2025[16] - The market price of Bitcoin decreased from approximately $113,000 on September 30, 2025, to about $91,000 as of the announcement date[50] Dividend Policy - The company did not recommend an interim dividend for the six months ended September 30, 2025, consistent with the previous year[25] - The group does not plan to declare an interim dividend for the six months ending September 30, 2025[45]
雄岸科技(01647) - 2026 - 中期业绩