Financial Performance - For the fiscal year ending December 31, 2025, the company's revenue was SGD 29,362,000, a slight decrease of 0.34% from SGD 29,461,000 in 2024[4] - The gross profit for 2025 was SGD 6,956,000, down 6.15% from SGD 7,412,000 in 2024[4] - The net loss attributable to owners for the year was SGD 1,624,000, compared to a loss of SGD 4,161,000 in 2024, indicating an improvement of 60.96%[5] - Revenue from customer contracts for the fiscal year ending December 31, 2025, is reported at SGD 29,362,000, a slight decrease from SGD 29,461,000 in 2024[15] - The group generated revenue of SGD 27,955,000 from external customers in Singapore for the fiscal year ending December 31, 2025, down from SGD 29,287,000 in 2024[24] - The group reported a net loss of SGD 1,624,000 for the fiscal year ending December 31, 2025, compared to a net loss of SGD 4,161,000 in 2024[22] - The company recorded total revenue of approximately SGD 29.4 million for the year ending December 31, 2025, maintaining a similar level compared to the previous fiscal year[41] - The company reported a loss of approximately SGD 1.6 million for the year ending December 31, 2025, a decrease of SGD 2.6 million from a loss of approximately SGD 4.2 million in the previous year[50] Assets and Liabilities - The company's total assets decreased to SGD 27,180,000 in 2025 from SGD 30,246,000 in 2024, reflecting a decline of 10.89%[6] - Current liabilities increased to SGD 9,454,000 in 2025 from SGD 6,681,000 in 2024, representing an increase of 41.91%[6] - Non-current liabilities decreased to SGD 6,153,000 in 2025 from SGD 6,854,000 in 2024, a reduction of 10.19%[7] - The company's equity total was SGD 21,027,000 in 2025, down from SGD 23,392,000 in 2024, a decrease of 10.12%[7] - Total assets as of December 31, 2025, amounted to SGD 36,634,000, with significant contributions from Singapore (SGD 23,548,000) and Hong Kong (SGD 2,543,000) segments[26] - The total liabilities reached SGD 15,607,000, with the Singapore segment accounting for SGD 10,989,000 and Hong Kong for SGD 11,000[26] Costs and Expenses - The cost of sales increased by approximately SGD 0.4 million or 1.8% to about SGD 22.4 million for the year ending December 31, 2025, primarily due to rising inventory costs[44] - The overall gross profit decreased by approximately SGD 0.4 million or 5.4% to about SGD 7.0 million, with the gross profit margin declining from 25.2% to 23.7%[45] - Administrative and other operating expenses decreased by approximately SGD 0.9 million or 11.8% to about SGD 6.7 million, mainly due to reduced employee costs[47] - Employee benefits expenses, including salaries and benefits, decreased to SGD 4,086,000 in 2025 from SGD 4,767,000 in 2024[31] Financing and Investments - The company reported a financing cost of SGD 383,000 in 2025, down from SGD 496,000 in 2024, indicating a reduction of 22.78%[4] - Financing costs decreased to SGD 383,000 in 2025 from SGD 496,000 in 2024, primarily due to lower bank borrowing interest[28] - The company successfully raised approximately SGD 17.5 million through a rights issue, with nearly 100% of the rights shares being issued[38] - The net proceeds from the rights issue were allocated as follows: SGD 38.9 million for working capital, SGD 18 million for repayment of notes, and SGD 30 million for potential acquisitions[63] Shareholder Information - Mr. Guo holds 26,865,000 shares, representing 6.74% of the company's total issued share capital, and has a 70% stake in Zumegnsi Technology Group Limited, which owns 59,670,000 shares, totaling 21.71% of the company's issued share capital[65] - The major shareholder, Metaverse (International) Securities, holds 36,445,000 shares, accounting for 9.14% of the company's total issued shares[66] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the year ending December 31, 2025[67] Corporate Governance - The company has adhered to the corporate governance code as per GEM listing rules for the fiscal year ending December 31, 2025[82] - The audit committee has reviewed and discussed the group's interim and annual financial statements, confirming compliance with applicable accounting standards and GEM listing rules[84] - The company's auditor, Baker Tilly, has agreed that the financial figures in the announcement align with the consolidated financial statements for the fiscal year ending December 31, 2025[85] - The annual report for the fiscal year ending December 31, 2025, will be sent to shareholders and published on the company's website at an appropriate time[86] Business Strategy - The company aims to continue promoting its brand and providing quality products while exploring diverse opportunities to broaden revenue sources and enhance market share[42] - The company plans to adopt a diversified strategy to seize valuable business opportunities and optimize its business model for growth in the coming years[42] - The company has initiated a new footwear trading business in China as of December 31, 2025[19] Other Information - The company did not declare or propose any dividends for the year ended December 31, 2025, consistent with the previous year[32] - The company faced contingent liabilities of SGD 1,274,000 related to performance guarantees issued to suppliers as of December 31, 2025, an increase from SGD 1,033,000 in 2024[61] - The company has no significant capital commitments as of December 31, 2025[57] - There were no major investments, acquisitions, or disposals of subsidiaries during the year ending December 31, 2025[59] - The company has not made any currency hedging arrangements, actively monitoring foreign exchange risks to minimize exposure[55]
COOL LINK(08491) - 2025 - 年度业绩