REVENUES BY PRODUCT AND GEOGRAPHY AND SEGMENTS (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Revenue from Contract with Customer [Abstract] |
|
| SCHEDULE OF PRINCIPAL TRANSACTIONS REVENUE |
SCHEDULE OF PRINCIPAL TRANSACTIONS REVENUE
| | |
| | |
| | |
| | |
| |
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
SGD’000 | | |
SGD’000 | | |
SGD’000 | | |
US$’000 | |
| Sales of cleaning systems and other equipment | |
| 10,991 | | |
| 11,979 | | |
| 12,510 | | |
| 9,728 | |
| Provision of centralized dishware washing and general cleaning services | |
| 6,710 | | |
| 6,843 | | |
| 7,287 | | |
| 5,667 | |
| Leasing of dishware washing equipment | |
| 331 | | |
| 457 | | |
| 499 | | |
| 388 | |
| Revenue | |
| 18,032 | | |
| 19,279 | | |
| 20,296 | | |
| 15,783 | |
|
| SCHEDULE OF DISAGGREGATION OF REVENUE BY TIMING OF REVENUE RECOGNITION |
In
the following table, revenue is disaggregated by the timing of revenue recognition.
SCHEDULE
OF DISAGGREGATION OF REVENUE BY TIMING OF REVENUE RECOGNITION
| | |
| | |
| | |
| | |
| |
| | |
For the year ended December 31, 2025 | |
| | |
Cleaning Systems | | |
Dishware Washing Services | | |
Total | | |
Total | |
| | |
SGD’000 | | |
SGD’000 | | |
SGD’000 | | |
US$’000 | |
| Timing of revenue recognition: | |
| | | |
| | | |
| | | |
| | |
| Point in time | |
| 12,510 | | |
| - | | |
| 12,510 | | |
| 9,728 | |
| Over time | |
| - | | |
| 7,786 | | |
| 7,786 | | |
| 6,055 | |
| Revenue | |
| 12,510 | | |
| 7,786 | | |
| 20,296 | | |
| 15,783 | |
| | |
| | |
| | |
| |
| | |
For the year ended December 31, 2024 | |
| | |
Cleaning Systems | | |
Dishware Washing Services | | |
Total | |
| | |
SGD’000 | | |
SGD’000 | | |
SGD’000 | |
| Timing of revenue recognition: | |
| | | |
| | | |
| | |
| Point in time | |
| 11,979 | | |
| - | | |
| 11,979 | |
| Over time | |
| - | | |
| 7,300 | | |
| 7,300 | |
| Revenue | |
| 11,979 | | |
| 7,300 | | |
| 19,279 | |
| | |
| | |
| | |
| |
| | |
For the year ended December 31, 2023 | |
| | |
Cleaning Systems | | |
Dishware Washing Services | | |
Total | |
| | |
SGD’000 | | |
SGD’000 | | |
SGD’000 | |
| Timing of revenue recognition: | |
| | | |
| | | |
| | |
| Point in time | |
| 10,991 | | |
| - | | |
| 10,991 | |
| Over time | |
| - | | |
| 7,041 | | |
| 7,041 | |
| Revenue | |
| 10,991 | | |
| 7,041 | | |
| 18,032 | |
|
| SCHEDULE OF BREAKDOWN OF NET REVENUES BY SEGMENTS |
SCHEDULE
OF BREAKDOWN OF NET REVENUES BY SEGMENTS
| | |
| | |
| | |
| | |
| |
| | |
For the years ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
SGD’000 | | |
SGD’000 | | |
SGD’000 | | |
US$’000 | |
| Net revenues: | |
| | | |
| | | |
| | | |
| | |
| Sales of cleaning systems and other equipment | |
| 10,991 | | |
| 11,979 | | |
| 12,510 | | |
| 9,728 | |
| Provision of centralized dishware washing and general cleaning services | |
| 7,041 | | |
| 7,300 | | |
| 7,786 | | |
| 6,055 | |
| Net
revenues | |
| 18,032 | | |
| 19,279 | | |
| 20,296 | | |
| 15,783 | |
| | |
| | | |
| | | |
| | | |
| | |
| Cost of revenues: | |
| | | |
| | | |
| | | |
| | |
| Sales of cleaning systems and other equipment | |
| (7,570 | ) | |
| (7,686 | ) | |
| (7,855 | ) | |
| (6,108 | ) |
| Provision of centralized dishware washing and general cleaning services | |
| (6,096 | ) | |
| (6,399 | ) | |
| (6,666 | ) | |
| (5,184 | ) |
| Cost
of revenues | |
| (13,666 | ) | |
| (14,085 | ) | |
| (14,521 | ) | |
| (11,292 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Gross profit: | |
| | | |
| | | |
| | | |
| | |
| Sales of cleaning systems and other equipment | |
| 3,421 | | |
| 4,293 | | |
| 4,655 | | |
| 3,620 | |
| Provision of centralized dishware washing and general cleaning services | |
| 945 | | |
| 901 | | |
| 1,120 | | |
| 871 | |
| Gross
profit | |
| 4,366 | | |
| 5,194 | | |
| 5,775 | | |
| 4,491 | |
| | |
| | | |
| | | |
| | | |
| | |
| Significant expenses: | |
| | | |
| | | |
| | | |
| | |
| Sales of cleaning systems and other equipment | |
| | | |
| | | |
| | | |
| | |
| Payroll expense | |
| (1,104 | ) | |
| (2,069 | ) | |
| (1,804 | ) | |
| (1,403 | ) |
| Other segment items (Note (i)) | |
| (657 | ) | |
| (874 | ) | |
| (985 | ) | |
| (766 | ) |
| Significant
expenses | |
| (1,761 | ) | |
| (2,943 | ) | |
| (2,789 | ) | |
| (2,169 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Provision of centralized dishware washing and general cleaning services | |
| | | |
| | | |
| | | |
| | |
| Payroll expense | |
| (342 | ) | |
| (479 | ) | |
| (437 | ) | |
| (340 | ) |
| Other segment items (Note (i)) | |
| (104 | ) | |
| (130 | ) | |
| (127 | ) | |
| (99 | ) |
| Provision of centralized dishware washing and general
cleaning services | |
| (446 | ) | |
| (609 | ) | |
| (564 | ) | |
| (439 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Provision of expected credit loss | |
| 11 | | |
| (55 | ) | |
| - | | |
| - | |
| Interest income | |
| 175 | | |
| 194 | | |
| 136 | | |
| 106 | |
| Interest expense | |
| (511 | ) | |
| (516 | ) | |
| (412 | ) | |
| (320 | ) |
| Gain on disposal of property, plant and equipment | |
| - | | |
| - | | |
| 4,168 | | |
| 3,241 | |
| Other unallocated expense (Note (ii)) | |
| (1,315 | ) | |
| (1,233 | ) | |
| (3,078 | ) | |
| (2,393 | ) |
| Other
(loss) income | |
| (1,640 | ) | |
| (1,610 | ) | |
| 814 | | |
| 634 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net income | |
| 519 | | |
| 32 | | |
| 3,236 | | |
| 2,517 | |
| |
Note |
| |
|
| |
(i) |
Other segment items include
selling and marketing expenses and general and administrative expenses other than payroll expenses. |
| |
(ii) |
Other unallocated expenses
include legal and professional fees, income tax expense, and change in fair value of financial instrument and exchange difference. |
|
| SCHEDULE OF DISAGGREGATION OF REVENUE BY GEOGRAPHICAL CUSTOMER LOCATIONS |
In
the following table, revenue is disaggregated by the geographic locations of customers and by the timing of revenue recognition.
SCHEDULE OF DISAGGREGATION OF REVENUE BY GEOGRAPHICAL CUSTOMER LOCATIONS
| | |
| | |
| | |
| | |
| |
| | |
For the year ended December 31, 2025 | |
| | |
Cleaning Systems | | |
Dishware Washing Services | | |
Total | | |
Total | |
| | |
SGD’000 | | |
SGD’000 | | |
SGD’000 | | |
US$’000 | |
| Geographic location: | |
| | | |
| | | |
| | | |
| | |
| Singapore | |
| 813 | | |
| 7,786 | | |
| 8,599 | | |
| 6,687 | |
| Malaysia | |
| 9,076 | | |
| - | | |
| 9,076 | | |
| 7,058 | |
| Other countries | |
| 2,621 | | |
| - | | |
| 2,621 | | |
| 2,038 | |
| Revenue | |
| 12,510 | | |
| 7,786 | | |
| 20,296 | | |
| 15,783 | |
| | |
| | |
| | |
| |
| | |
For the year ended December 31, 2024 | |
| | |
Cleaning Systems | | |
Dishware Washing Services | | |
Total | |
| | |
SGD’000 | | |
SGD’000 | | |
SGD’000 | |
| Geographic location: | |
| | | |
| | | |
| | |
| Singapore | |
| 1,424 | | |
| 7,300 | | |
| 8,724 | |
| Malaysia | |
| 7,280 | | |
| - | | |
| 7,280 | |
| Other countries | |
| 3,275 | | |
| - | | |
| 3,275 | |
| Revenue | |
| 11,979 | | |
| 7,300 | | |
| 19,279 | |
| | |
| | |
| | |
| |
| | |
For the year ended December 31, 2023 | |
| | |
Cleaning Systems | | |
Dishware Washing Services | | |
Total | |
| | |
SGD’000 | | |
SGD’000 | | |
SGD’000 | |
| Geographic location: | |
| | | |
| | | |
| | |
| Singapore | |
| 6,128 | | |
| 7,041 | | |
| 13,169 | |
| Malaysia | |
| 1,018 | | |
| - | | |
| 1,018 | |
| Other countries | |
| 3,845 | | |
| - | | |
| 3,845 | |
| Revenue | |
| 10,991 | | |
| 7,041 | | |
| 18,032 | |
|