| Schedule of Financial Information Including Segment Expenses |
The following table presents financial information,
including significant segment expenses, which are regularly provided to the CODM and included within segment and consolidated net income
(loss):
| | |
For the Years Ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
S$ | | |
$ | |
| Revenue | |
| | |
| | |
| | |
| |
| Commercial customers | |
| 1,773,491 | | |
| 575,820 | | |
| 2,356,730 | | |
| 1,832,747 | |
| Residential customers | |
| 11,579,522 | | |
| 8,235,826 | | |
| 5,452,130 | | |
| 4,239,934 | |
| Total revenue | |
| 13,353,013 | | |
| 8,811,646 | | |
| 7,808,860 | | |
| 6,072,681 | |
| | |
| | | |
| | | |
| | | |
| | |
| Cost of revenue | |
| | | |
| | | |
| | | |
| | |
| Subcontracting costs | |
| (4,320,487 | ) | |
| (3,938,327 | ) | |
| (2,261,562 | ) | |
| (1,758,739 | ) |
| Material costs | |
| (2,114,698 | ) | |
| (1,560,316 | ) | |
| (1,822,069 | ) | |
| (1,416,960 | ) |
| Labor costs | |
| (1,280,955 | ) | |
| (1,367,808 | ) | |
| (1,313,228 | ) | |
| (1,021,252 | ) |
| Equipment rental and site costs | |
| (367,034 | ) | |
| (323,209 | ) | |
| (424,822 | ) | |
| (330,369 | ) |
| Other direct costs | |
| (628,274 | ) | |
| (717,894 | ) | |
| (919,481 | ) | |
| (715,049 | ) |
| Total cost of revenue | |
| (8,711,448 | ) | |
| (7,907,554 | ) | |
| (6,741,162 | ) | |
| (5,242,369 | ) |
| Gross profit | |
| 4,641,565 | | |
| 904,092 | | |
| 1,067,698 | | |
| 830,312 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating expenses | |
| | | |
| | | |
| | | |
| | |
| Staff expenses | |
| (832,317 | ) | |
| (983,540 | ) | |
| (1,254,875 | ) | |
| (975,873 | ) |
| Depreciation and amortization | |
| (66,965 | ) | |
| (23,364 | ) | |
| (17,540 | ) | |
| (13,640 | ) |
| Lease expenses | |
| (136,832 | ) | |
| (179,832 | ) | |
| (194,618 | ) | |
| (151,348 | ) |
| Insurance and medical expenses | |
| (82,159 | ) | |
| (65,245 | ) | |
| (149,999 | ) | |
| (116,649 | ) |
| Transport and entertainment | |
| (80,808 | ) | |
| (35,276 | ) | |
| (39,617 | ) | |
| (30,809 | ) |
| Professional fees | |
| (378,778 | ) | |
| (686,744 | ) | |
| (1,700,519 | ) | |
| (1,322,435 | ) |
| Selling and marketing expenses | |
| - | | |
| - | | |
| (74,079 | ) | |
| (57,609 | ) |
| Other miscellaneous expenses | |
| (142,296 | ) | |
| (54,292 | ) | |
| (118,085 | ) | |
| (91,830 | ) |
| Total operating expenses | |
| (1,720,155 | ) | |
| (2,028,293 | ) | |
| (3,549,332 | ) | |
| (2,760,193 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Income (loss) from operations | |
| 2,921,410 | | |
| (1,124,201 | ) | |
| (2,481,634 | ) | |
| (1,929,881 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Other income (expenses) | |
| | | |
| | | |
| | | |
| | |
| Interest expenses, net | |
| (78,069 | ) | |
| (108,673 | ) | |
| (95,555 | ) | |
| (74,310 | ) |
| Other income | |
| 24,834 | | |
| 35,786 | | |
| 104,056 | | |
| 80,921 | |
| Total other income (expense), net | |
| (53,235 | ) | |
| (72,887 | ) | |
| 8,501 | | |
| 6,611 | |
| | |
| | | |
| | | |
| | | |
| | |
| Income (loss) before income taxes | |
| 2,868,175 | | |
| (1,197,088 | ) | |
| (2,473,133 | ) | |
| (1,923,270 | ) |
| Income tax (expenses) benefit | |
| (478,009 | ) | |
| 165,950 | | |
| 120,131 | | |
| 93,422 | |
| Net income (loss) | |
| 2,390,166 | | |
| (1,031,138 | ) | |
| (2,353,002 | ) | |
| (1,829,848 | ) |
|