v3.26.3
Related party transactions and balances
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related party transactions and balances

 

7 Related party transactions and balances

 

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control. Related parties may be individuals or corporate.

 

The table below sets forth the major related parties and their relationships with the Company as of June 30, 2026 and December 31, 2025:

 

Name of related parties   Relationship with the Company
Zou Junming Terence   Director, Chief Executive Officer
Lang Chen Fei   Chief Financial Officer as of June 30, 2026, resigned with effect from July 3, 2026
AToll Discovery Pte. Ltd.   Joint venture
Barentsz Capital Limited   Holder of 40% of RGT (BVI) Ltd, a subsidiary, since August 21, 2025

 

i) Significant transactions with related parties were as follows:

 

   2025   2026   2026 
   For the six months ended June 30, 
   2025   2026   2026 
   S$’000   S$’000   US$’000 
             
Advances to a joint venture   -    2,452    1,895 
Share-based payment to CEO   1,542    8,665    6,695 
Share-based payment to Chief Financial Officer   -    1,787    1,381 
Total   1,542    12,904    9,971 

 

 

RYDE GROUP LTD

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

 

7 Related party transactions and balances (continued)

 

During the six months ended June 30, 2026, RGT (BVI) Ltd earned management consultancy income of S$620,000 (US$479,000) from Barentsz Capital Limited. No amount was due from Barentsz Capital Limited as of June 30, 2026.

 

ii) Significant balances with related parties were as follows:

 

  

December 31,

2025

  

June 30,

2026

  

June 30,

2026

 
   S$’000   S$’000   US$’000 
             
Advances to a joint venture   1,669    1,320    1,020