v3.26.1
Goodwill
12 Months Ended
Dec. 31, 2025
Goodwill [Abstract]  
Goodwill

Note 9 – Goodwill

 

Changes in the carrying amount of goodwill were as follows:

 

   2023   2024   2025   2025 
   SGD   SGD   SGD   USD 
Beginning of year   
-
    2,213,460    2,213,460    1,721,330 
Acquisition (Note 10)   2,213,460    
-
    3,407,008    2,649,513 
Impairment of goodwill   
-
    
-
    (4,703,996)   (3,658,135)
End of year   2,213,460    2,213,460    916,472    712,708 

 

As at 31 December 2025, the Group performed an assessment of the recoverable amount of its reporting units. Based on this assessment, the Group recognized an impairment loss of SGD 4,703,996 (USD 3,658,135) during the financial year. The impairment is attributable to the respective reporting units as disclosed in Note 10.