Financial Performance - The company's revenue for the year ended December 31, 2025, was SGD 47,598,000, representing a 26.2% increase from SGD 37,722,000 in the previous year[4] - Gross profit for the same period was SGD 17,692,000, up 37.5% from SGD 12,866,000 in 2024[4] - Operating profit increased significantly to SGD 13,695,000, compared to SGD 6,379,000 in the prior year, marking a 114.5% growth[4] - Net profit for the year was SGD 10,103,000, a substantial increase of 215.5% from SGD 3,193,000 in 2024[4] - The company's total comprehensive income for the year reached SGD 38,785,000, compared to SGD 3,083,000 in the previous year, indicating a significant improvement[5] - Basic earnings per share rose to SGD 6.74, up from SGD 2.34 in the previous year, reflecting a 187.4% increase[5] - Adjusted EBITDA for 2025 was 17,006 thousand SGD, compared to 9,516 thousand SGD in 2024, reflecting a 78.5% increase[25] - The company recorded a profit of approximately SGD 10.1 million for the year ended December 31, 2025, compared to SGD 3.2 million for the year ended December 31, 2024[63] Assets and Liabilities - Non-current assets increased to SGD 76,951,000 from SGD 43,470,000, showing a growth of 76.8%[6] - Current assets also rose to SGD 38,590,000, compared to SGD 33,030,000 in 2024, an increase of 16.5%[6] - The company's total equity attributable to owners reached SGD 79,901,000, up from SGD 39,412,000, representing a 102.5% increase[7] - Total assets increased to 115,541 thousand SGD in 2025 from 76,500 thousand SGD in 2024, marking a growth of 51.1%[26] - Total liabilities decreased slightly to 35,640 thousand SGD in 2025 from 37,088 thousand SGD in 2024[29] Revenue Breakdown - Precision machining services generated revenue of 24,874 thousand SGD, up from 17,077 thousand SGD, reflecting a growth of 45.5%[19] - Precision welding services contributed 22,724 thousand SGD, compared to 20,645 thousand SGD in the previous year, marking an increase of 10.1%[19] - The semiconductor sector accounted for the largest share of revenue at 43,837 thousand SGD, up from 33,659 thousand SGD in 2024, representing a growth of 30.2%[20] - Revenue from Singapore increased significantly to 18,461 thousand SGD in 2025, up 63.8% from 11,278 thousand SGD in 2024[22] Cash Flow and Expenses - Net cash generated from operating activities for 2025 was 10,858 thousand SGD, a significant rise from 6,360 thousand SGD in 2024[9] - The net cash increase for cash and cash equivalents at the end of 2025 was 22,263 thousand SGD, compared to 17,974 thousand SGD at the end of 2024[9] - Employee costs, including directors' remuneration and share-based payments, rose to 12,256 thousand SGD in 2025 from 8,985 thousand SGD in 2024, marking an increase of about 36.8%[36] - The total cost of sales for 2025 was 6,866 thousand SGD, an increase from 5,732 thousand SGD in 2024, indicating a growth of approximately 19.8%[36] - The total administrative expenses increased to 6,014 thousand SGD in 2025 from 3,853 thousand SGD in 2024, representing a rise of approximately 56%[36] Corporate Governance and Compliance - The company has established an audit committee in accordance with GEM listing rules, consisting of three independent non-executive directors[98] - The board confirms compliance with all relevant laws and regulations impacting the group's business, including health and safety, workplace conditions, employment, and environmental laws[95] - The company has adhered to all applicable principles and code provisions of the corporate governance code as of December 31, 2025[96] - The company confirms compliance with the GEM Listing Rules regarding securities trading by directors[91] Future Outlook and Strategy - The company plans to continue expanding its precision machining and welding services to meet increasing demand in the semiconductor and aerospace sectors[20] - The company expects continued growth in the precision machining and welding segments, driven by increased demand in key markets[22] - The company plans to expand its business into data storage, oil, and gas sectors, seeking to deepen existing customer relationships and explore new opportunities[56] - The outlook for the precision engineering industry remains optimistic due to increasing demand for high-precision solutions across various sectors[55] Shareholder Information - The company's issued and paid-up share capital remains at 150,000,000 shares as of December 31, 2025, with a total value of 26 thousand HKD[48] - The company has a total of 79,677,814 shares outstanding, with major shareholders holding 53.12% of the shares[78] - SGP BVI holds 56,272,335 shares, representing 37.51% of the total issued shares[81] - Baccini holds 22,373,479 shares, accounting for 14.92% of the total issued shares[81] Miscellaneous - The company has no significant contingent liabilities or capital commitments as of December 31, 2025[76] - The group has no major investments or acquisitions in subsidiaries or associates for the year ended December 31, 2025[69] - There have been no significant post-reporting events after December 31, 2025, up to the date of this announcement[101]
元续科技(08637) - 2025 - 年度业绩