v3.26.1
Consolidated Statements of Income and Comprehensive Income (Loss)
$ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
shares
Dec. 31, 2025
SGD ($)
$ / shares
shares
Dec. 31, 2024
SGD ($)
$ / shares
shares
Dec. 31, 2023
SGD ($)
$ / shares
shares
Income Statement [Abstract]        
Revenues $ 15,783 $ 20,296 $ 19,279 $ 18,032
Cost of revenues (11,292) (14,521) (14,085) (13,666)
Gross profit 4,491 5,775 5,194 4,366
Operating expenses:        
Selling and marketing expenses (97) (125) (122) (53)
General and administrative expenses (3,918) (5,040) (5,102) (3,303)
Total operating expenses (4,015) (5,165) (5,224) (3,356)
Income (loss) from operations 476 610 (30) 1,010
Other income (loss):        
Gain in disposal of property, plant and equipment 3,241 4,168
Other income 489 628 1,073 728
Interest expense (320) (412) (516) (511)
Other expense (1,235) (1,585) (264) (597)
Change in fair value in financial instruments (12) (16) 19
Total other (loss) income 2,163 2,783 312 (380)
Income before tax expense 2,639 3,393 282 630
Income tax expense (122) (157) (250) (111)
Net income 2,517 3,236 32 519
Other comprehensive income        
Foreign currency translation gain/ (loss), net 40 52 (27) (69)
Total comprehensive income $ 2,557 $ 3,288 $ 5 $ 450
Net income per share attributable to ordinary shareholders        
Basic | (per share) [1] $ 0.48 $ 0.62 $ 0.00 $ 0.10
Diluted | (per share) [1] $ 0.48 $ 0.62 $ 0.00 $ 0.10
Weighted average number of ordinary shares used in computing net income per share        
Basic, Shares [1] 5,306,666 5,306,666 5,306,666 5,006,666
Diluted,Shares [1] 5,306,666 5,306,666 5,306,666 5,006,666
[1] Giving retroactive effect to the re-designation and reclassification of shares effected in December 2025, which are detailed in Note 15 to the consolidated financial statements