v3.26.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
SGD ($)
Dec. 31, 2024
SGD ($)
Dec. 31, 2023
SGD ($)
Statement of Cash Flows [Abstract]        
Net income $ 2,517 $ 3,236 $ 32 $ 519
Adjustment:        
Depreciation of property, plant and equipment 543 698 769 493
Amortization of right-of-use assets 127 163 211 209
Written-off of property, plant and equipment 141 181 63
(Reversal)/Addition of allowance for expected credit losses 55 (11)
Gain on disposal of property, plant and equipment (3,241) (4,168)
Deferred financing cost written-off 277 356
Change in fair value of financial instruments 12 16 (19)
Stock-based compensation 466
Changes in operating assets:        
(Increase)/decrease in inventories 2,677 3,442 1,429 (2,181)
Decrease/(increase) of accounts receivable, prepaid expenses and other current assets, net (955) (1,228) 19 753
(Decrease)/increase of accounts payable, accruals and other current liabilities 774 995 (407) (757)
Increase/(decrease) of contract liabilities (657) (845) (300) 2,641
Repayment of lease liabilities (189) (243) (305) (291)
Income taxes payables 65 83 40
Cash provided by operating activities 2,091 2,686 2,053 1,375
Additions of financial instruments (213) (274) (242)
Proceeds from disposal of property, plant and equipment 5,750 7,393
Purchase of property, plant and equipment (645) (829) (1,253) (211)
Cash used in/(provided by) investing activities 4,892 6,290 (1,495) (211)
Net proceeds from/(repayment of) controlling shareholder loan (741)
Proceed from bank loans 5,664 250
Repayment of bank loans (3,711) (4,772) (4,851) (1,702)
Repayment of lease liabilities (46) (58)
Dividends paid (643)
Purchase of treasury shares (7) (9) (48) (18)
Payment of deferred financing costs (356)
Cash used in/(provided by) financing activities (3,764) (4,839) 122 (2,567)
Foreign currency effect 39 52 (27) (69)
Net change in cash and cash equivalents 3,258 4,189 653 (1,472)
Cash and cash equivalents as of beginning of the year 4,465 5,742 5,089 6,561
Cash and cash equivalents as of the end of the year 7,723 9,931 5,742 5,089
Supplementary Cash Flows Information        
Cash paid for interest 320 412 516 511
Cash paid for taxes $ 56 $ 72 $ 210 $ 289