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

NOTE－6 PROPERTY AND EQUIPMENT, NET

 

Property and equipment, net consisted of the following:

 

   2025   2024 
   As of December 31, 
   2025   2024 
   $’000   $’000 
         
At cost          
Leasehold factory premise   1,533    1,450 
Leasehold improvement   186    172 
Tools and equipment   52    44 
Furniture, fixtures and fittings   267    299 
Office equipment   37    34 
Computer equipment   76    70 
Motor vehicles   1,012    1,010 
Air-conditioner   65    16 
Machinery & equipment   1,294    1,224 
Property and equipment, gross   4,522    4,319 
Less: accumulated depreciation   (2,393)   (1,915)
           
Property and equipment, net   2,129    2,404 

 

Depreciation expense for the financial years ended December 31, 2025, 2024 and 2023 were approximately $0.4 million, $0.3 million and $0.2 million, respectively.