REVENUES AND SEGMENT INFORMATION (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Revenue from Contract with Customer [Abstract] |
|
| Schedule revenues by product |
| Schedule revenues by product | |
| | |
| | |
| |
| | |
December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
US$’000 | | |
US$’000 | | |
US$’000 | |
| Sale of sugar | |
| 116,443 | | |
| 86,599 | | |
| 127,676 | |
| Sale of rice | |
| 26,440 | | |
| 18,680 | | |
| 34,080 | |
| Sale of oils and fats products | |
| 47,623 | | |
| 26,642 | | |
| 22,421 | |
| Sale of others | |
| 218 | | |
| 448 | | |
| 40 | |
| | |
| 190,724 | | |
| 132,369 | | |
| 184,217 | |
|
| Schedule of information by geographic region |
| Schedule of information
by product type | |
| | |
| | |
| | |
| | |
| |
| | |
For the year ended December 31, 2025 | |
| | |
Sale of sugar | | |
Sale of rice | | |
Sale of oil and fat products | | |
Sale of others | | |
Total | |
| | |
US$’000 | | |
US$’000 | | |
US$’000 | | |
US$’000 | | |
US$’000 | |
| Revenue | |
| 127,676 | | |
| 34,080 | | |
| 22,421 | | |
| 40 | | |
| 184,217 | |
| Gross Profit/(Loss) | |
| 916 | | |
| 1,423 | | |
| 549 | | |
| (20 | ) | |
| 2,868 | |
The following table presents summary information
by geographic region for the fiscal years ended December 31, 2023, 2024 and 2025, respectively.
| Schedule of information
by geographic region | |
| | |
| | |
| |
| | |
For the year ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
US$’000 | | |
US$’000 | | |
US$’000 | |
| Africa | |
| 80,637 | | |
| 68,448 | | |
| 110,478 | |
| China | |
| 17,731 | | |
| 11,957 | | |
| 37,118 | |
| Indonesia | |
| 22,502 | | |
| 12,672 | | |
| 2 | |
| Vietnam | |
| 9,109 | | |
| 6,999 | | |
| 1,060 | |
| Philippines | |
| 19,372 | | |
| 2,850 | | |
| 2,832 | |
| Thailand | |
| 13,119 | | |
| 12,989 | | |
| 7,662 | |
| Singapore | |
| 18,889 | | |
| 10,105 | | |
| 10,259 | |
| Other countries | |
| 9,365 | | |
| 6,349 | | |
| 14,806 | |
| Total | |
| 190,724 | | |
| 132,369 | | |
| 184,217 | |
|
| Schedule of information by geographic region |
| Schedule of information
by geographic region | |
| | |
| | |
| |
| | |
For the year ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | |
| | |
US$’000 | | |
US$’000 | | |
US$’000 | |
| Africa | |
| 80,637 | | |
| 68,448 | | |
| 110,478 | |
| China | |
| 17,731 | | |
| 11,957 | | |
| 37,118 | |
| Indonesia | |
| 22,502 | | |
| 12,672 | | |
| 2 | |
| Vietnam | |
| 9,109 | | |
| 6,999 | | |
| 1,060 | |
| Philippines | |
| 19,372 | | |
| 2,850 | | |
| 2,832 | |
| Thailand | |
| 13,119 | | |
| 12,989 | | |
| 7,662 | |
| Singapore | |
| 18,889 | | |
| 10,105 | | |
| 10,259 | |
| Other countries | |
| 9,365 | | |
| 6,349 | | |
| 14,806 | |
| Total | |
| 190,724 | | |
| 132,369 | | |
| 184,217 | |
|
| Schedule of revenue by timing |
| Schedule of revenue by timing | |
| | |
| | |
| | |
| | |
| |
| | |
For the year ended December 31, 2025 | |
| | |
Sale of sugar | | |
Sale of rice | | |
Sale of oil and fat products | | |
Sale of others | | |
Total | |
| | |
US$’000 | | |
US$’000 | | |
US$’000 | | |
US$’000 | | |
US$’000 | |
| Timing of revenue recognition: | |
| | | |
| | | |
| | | |
| | | |
| | |
| Point in time | |
| 127,676 | | |
| 34,080 | | |
| 22,421 | | |
| 40 | | |
| 184,217 | |
|