v3.26.1
Segmental reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segmental reporting

15 Segmental reporting

 

An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses, and is identified on the basis of the internal financial reports that are provided to and regularly reviewed by the Company’s chief operating decision maker in order to allocate resources and assess performance of the segment.

 

In accordance with ASC 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision making group, in deciding how to allocate resources and in assessing performance. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different services. Based on management’s assessment, the Company has determined that it has two operating segments as defined by ASC 280 as follow:

 

  1. Sale of autonomous robotic cleaning equipment: Sale, warranty and maintenance of robots (“Robots”)
  2. Sale of facilities management software (“Facilities management software”)

 

 

SIMPPLE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

15 Segmental reporting (cont’d)

 

The following tables present summary information by segment for the years ended December 31, 2023, 2024 and 2025, respectively:

 

   Robots   Software services rendered   Others   Total 
   For the year ended December 31, 2023 
   Robots   Software services rendered   Others   Total 
   S$   S$   S$   S$ 
Revenue   3,633,740    1,053,185    -    4,686,925 
Cost of revenues   (1,985,601)   (258,885)   -    (2,244,486)
Gross profit   1,648,139    794,300    -    2,442,439 
Operating expenses:                    
General and administrative expenses   (91,391)   (4,369,709)   (526,398)   (4,987,498)
IPO related expenses   -    -    (5,003,802)   (5,003,802)
Total operating expenses   (91,391)   (4,369,709)   (5,530,200)   (9,991,300)
                     
Income (loss) from operations   1,556,748    (3,575,409)   (5,530,200)   (7,548,861)
                     
Other income (loss), net:                    
Other income   94,514    163,606    7,088    265,208 
Interest expense   (14,070)   (168,976)   -    (183,046)
Other expense   -    (18,678)   (62,410)   (81,088)
Total other income (loss)   80,444    (24,048)   (55,322)   1,074 
                     
Income (loss) before tax expense   1,637,192    (3,599,457)   (5,585,522)   (7,547,787)
Income tax expense   -    (11,024)   (12,062)   (23,086)
Net income (loss)   1,637,192    (3,610,481)   (5,597,584)   (7,570,873)

 

 

SIMPPLE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

15 Segmental reporting (cont’d)

 

   Robots   Software services rendered   Others   Total 
   For the year ended December 31, 2024 
   Robots   Software services rendered   Others   Total 
   S$   S$   S$   S$ 
Revenue   1,535,783    2,237,541    -    3,773,324 
Cost of revenues   (768,545)   (743,382)   -    (1,511,927)
Gross profit   767,238    1,494,159    -    2,261,397 
Operating expenses:                    
General and administrative expenses   (869,078)   (4,360,352)   (1,454,298)   (6,683,728)
Total operating expenses   (869,078)   (4,360,352)   (1,454,298)   (6,683,728)
                     
Loss from operations   (101,840)   (2,866,193)   (1,454,298)   (4,422,331)
                     
Other income, net:                    
Other income   22,500    153,109    931    176,540 
Interest expense   (662)   (33,573)   (611)   (34,846)
Other expense   (7,218)   (13,621)   (31)   (20,870)
Total other income   14,620    105,915    289    120,824 
                     
Loss before tax expense   (87,220)   (2,760,278)   (1,454,009)   (4,301,507)
Income tax expense   345,455    11,025    12,062    368,542 
Net income (loss)   258,235    (2,749,253)   (1,441,947)   (3,932,965)

 

 

SIMPPLE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

15 Segmental reporting (cont’d)

 

   Robots   Software services rendered   Others   Total 
   For the year ended December 31, 2025 
   Robots   Software services rendered   Others   Total 
   S$   S$   S$   S$ 
Revenue   4,427,369    1,480,612    -    5,907,981 
Cost of revenues   (2,633,026)   (344,790)   -    (2,977,816)
Gross profit   1,794,343    1,135,822    -    2,930,165 
Operating expenses:                    
General and administrative expenses   (1,347,704)   (3,702,047)   (1,593,395)   (6,643,146)
Total operating expenses   (1,347,704)   (3,702,047)   (1,593,395)   (6,643,146)
                     
Loss from operations   446,639    (2,566,225)   (1,593,395)   (3,712,981)
                     
Other income (loss), net:                    
Other income   -    55,039    -    55,039 
Interest expense   -    (503,963)   611    (503,352)
Other expense   60,389    (47,432)   (36,855)   (23,898)
Total other income (loss)   60,389    (496,356)   (36,244)   (472,211)
                     
Income (loss) before tax expense   507,028    (3,062,581)   (1,629,639)   (4,185,192)
Income tax expense   -    -    -    - 
Net income (loss)   507,028    (3,062,581)   (1,629,639)   (4,185,192)

 

The Company sells to mainly two geographical locations which are Singapore and Australia.

 

In the following table, revenue is disaggregated by the timing of revenue recognition.

 

   Robots   Facilities Management Software   Total 
   For the year ended December 31, 2023 
   Robots   Facilities Management Software   Total 
   S$   S$   S$ 
Point in time   3,385,605    167,736    3,553,341 
Over time   248,135    885,449    1,133,584 

 

   Robots   Facilities Management Software   Total 
   For the year ended December 31, 2024 
   Robots   Facilities Management Software   Total 
   S$   S$   S$ 
Point in time   1,031,350    1,000,734    2,032,084 
Over time   504,433    1,236,807    1,741,240 

 

 

SIMPPLE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

15 Segmental reporting (cont’d)

 

   Robots   Facilities Management Software   Total 
   For the year ended December 31, 2025 
   Robots   Facilities Management Software   Total 
   S$   S$   S$ 
Point in time   3,684,257    610,674    4,294,931 
Over time   743,112    869,938    1,613,050