v3.26.1
PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

6. PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment, net, consists of the following:

 

             
   December 31, 
   2024   2025   2025 
   SGD’000   SGD’000   US$’000 
Leasehold building   2,948    2,948    2,293 
Leasehold improvements   910    1,008    784 
Plant and machinery   4,380    2,127    1,654 
Equipment, furniture and fittings   2,883    2,311    1,797 
Motor vehicles   -    161    125 
Subtotal   11,121    8,555    6,653 
Less: accumulated depreciation   (7,063)   (4,820)   (3,748)
Property, plant and equipment, net   4,058    3,735    2,905 

 

Depreciation expense was approximately SGD769 thousand and SGD698 thousand (US$543 thousand) for the years ended December 31, 2024 and 2025, respectively.

 

Leasehold building is pledged with a bank to secure bank loans (See Note 9).