Financial risk management (Tables)

12 Months Ended

Apr. 30, 2026

Financial Risk Management

Schedule of maximum exposure to credit risk by credit risk rating categories

The table below details the credit quality of the Group’s financial assets, as well as maximum exposure to credit risk by credit risk rating categories:

April 30, 2026		Category		12-month or lifetime ECL		Gross carrying amount				Loss allowance				Net carrying amount				Net carrying amount
						SGD				SGD				SGD				USD
Trade receivables		II Note 1		Lifetime ECL (Simplified)			2,581,516				(28,467	)			2,553,049				2,004,277
Contract assets		II Note 1		Lifetime ECL (Simplified)			5,859,977				(46,348	)			5,813,629				4,564,004
Other receivables (excluded prepayments)		III Note 2		Lifetime ECL (Simplified)			353,700				-				353,700				277,673
Loans to third parties		II Note 2		12-month ECL			1,884,941				-				1,884,941				1,479,778
Cash and cash equivalents		I Note 3		12-month ECL			1,139,870				-				1,139,870				894,858
											(74,815	)

April 30, 2025		Category		12-month or lifetime ECL		Gross carrying amount				Loss allowance				Net carrying amount				Net carrying amount
						SGD				SGD				SGD				USD
Trade receivables		II Note 1		Lifetime ECL (Simplified)			996,732				(49,855	)			946,877				743,348
Contract assets		II Note 1		Lifetime ECL (Simplified)			4,210,736				(18,117	)			4,192,619				3,291,426
Other receivables (excluded prepayments)		III Note 2		Lifetime ECL (Simplified)			741,461				(398,607	)			342,854				269,158
Cash and cash equivalents		I Note 3		12-month ECL			759,891				-				759,891				596,554
											(466,579	)

Schedule of credit risk profile of trade receivables on their past due status in terms

April 30, 2026		Trade receivables and contract assets				ECL				Trade receivables and contract assets, net				Trade receivables and contract assets, net
		SGD				SGD				SGD				USD
Not past due			6,896,697				(54,296	)			6,842,401				5,371,644
< 30 days			1,530,906				(11,862	)			1,519,044				1,192,529
31 days to 60 days			5,401				(168	)			5,233				4,108
61 days to 90 days			-				-				-				-
91 days to 120 days			-				-				-				-
>120 days			8,489				(8,489	)			-				-
			8,441,493				(74,815	)			8,366,678				6,568,281

April 30, 2025		Trade receivables and contract assets				ECL				Trade receivables and contract assets, net				Trade receivables and contract assets, net
		SGD				SGD				SGD				USD
Not past due			4,392,285				(20,538	)			4,371,747				3,432,051
< 30 days			715,879				(10,902	)			704,977				553,444
31 days to 60 days			36,483				(989	)			35,494				27,865
61 days to 90 days			47,718				(20,440	)			27,278				21,415
91 days to 120 days			-				-				-				-
>120 days			15,103				(15,103	)			-				-
			5,207,468				(67,972	)			5,139,496				4,034,775

Schedule of financial instruments by remaining contractual maturities

The table below summarizes the maturity profile of the Group’s financial liabilities at the end of reporting year based on contractual undiscounted repayments obligations:

		Carrying value				Contractual cash flows				Within 1 year				Within 2 to 5 years				After 5 years
		SGD				SGD				SGD				SGD				SGD
April 30, 2026
Trade and other payables (excluded GST payables)			4,622,427				4,622,427				4,622,427				-				-
Borrowings			2,034,177				2,355,357				563,268				1,117,192				674,897
Total			6,656,604				6,977,784				5,185,695				1,117,192				674,897

April 30, 2025
Trade and other payables (excluded GST payables)			5,248,011				5,248,011				5,248,011				-				-
Borrowings			2,336,864				2,764,287				614,056				1,408,360				741,871
Total			7,584,875				8,012,298				5,862,067				1,408,360				741,871

Schedule of exposure to foreign currency risk

At the end of each reporting year, the Group’s exposure to foreign currency risk is as follows:

		April 30, 2025				April 30, 2026				April 30, 2026
		SGD				SGD				USD
Financial assets
Financial assets at fair value through profit or loss			440,888				450,603				353,747
Loans to third parties			-				1,884,941				1,479,778
Cash and cash equivalents			3,397				419,091				329,008
Financial assets			444,285				2,754,635				2,162,533
Financial liabilities
Borrowings			347,400				322,280				253,007
Financial liabilities			347,400				322,280				253,007
Net exposure			96,885				2,432,355				1,909,526

Schedule of increase/(decrease) profit or loss that all other variables remain constant

A 1% (2025: 1%) strengthening/weakening of Singapore Dollar against the foreign currency denominated balances as at the end of the reporting year would increase/(decrease) profit or loss by the amounts shown below. This analysis assumes that all other variables remain constant.

		April 30, 2025				April 30, 2026				April 30, 2026
		Profit or loss
		April 30, 2025				April 30, 2026				April 30, 2026
		SGD				SGD				USD
USD against SGD
- Strengthened			969				24,324				19,095
- Weakened			(969	)			(24,324	)			(19,095	)