v3.26.3
Income taxes (Tables)
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of provision for income tax

A reconciliation between the Group’s actual provision for income tax and the provision at the respective statutory rate was as follows:

  

   S$’000   S$’000   US$’000 
   For the six months ended June 30, 
   2025   2026   2026 
   S$’000   S$’000   US$’000 
             
Loss before income taxes   (4,844)   (13,421)   (10,371)
                
Tax at the domestic rates applicable to profit or loss in the countries where the Group operates   (233)   (183)   (141)
Reconciling items:               
Non-deductible expenses   51    55    42 
Government grant not subject to tax   (3)   (4)   (3)
Valuation allowance for tax losses   173    190    147 
Share of results of a joint venture and other consolidation adjustments not subject to tax   

-

    

(81

)   

(63

)
Over-provision of deferred tax in respect of prior years   (32)   -    - 
Others   12    23   18
Tax charge   (32)   -    - 
Schedule of components of deferred tax balances

Significant components of the Company’s deferred tax balances as of June 30, 2026 and December 31, 2025 are as follows:

 

  

December 31,

2025

  

June 30,

2026

  

June 30,

2026

 
   S$’000   S$’000   US$’000 
Deferred tax assets               
Tax losses carry forwards   3,345    3,535    2,731 
Less: Valuation allowance   (3,345)   (3,535)   (2,731)
Total deferred tax assets   -    -    -