v3.26.3
REVENUES BY PRODUCT AND GEOGRAPHY AND SEGMENTS
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUES BY PRODUCT AND GEOGRAPHY AND SEGMENTS

14. REVENUES BY PRODUCT AND GEOGRAPHY AND SEGMENTS

 

   2025   2026   2026 
   For the six-month period ended June 30, 
   2025   2026   2026 
   SGD’000   SGD’000   USD’000 
Sales of cleaning systems and other equipment   2,814    16,651    12,867 
Provision of centralized dishware washing and general cleaning services   3,433    3,912    3,023 
Leasing of dishware washing equipment   247    251    194 
Revenue   6,494    20,814    16,084 

 

In the following table, revenue is disaggregated by the timing of revenue recognition.

 

SCHEDULE OF DISAGGREGATION OF REVENUE BY TIMING OF REVENUE RECOGNITION

   SGD’000   SGD’000   SGD’000   US$’000 
   For the six-month period ended June 30, 2026 
   Cleaning Systems   Dishware Washing Services   Total   Total 
   SGD’000   SGD’000   SGD’000   US$’000 
Timing of revenue recognition:                    
Point in time   16,651    -    16,651    12,867 
Over time   -    4,163    4,163    3,217 
Revenue   16,651    4,163    20,814    16,084 

 

   SGD’000   SGD’000   SGD’000 
   For the six-month period ended June 30, 2025 
   Cleaning Systems  

Dishware Washing Services

   Total 
   SGD’000   SGD’000   SGD’000 
Timing of revenue recognition:               
Point in time   2,814    -    2,814 
Over time   -    3,680    3,680 
Revenue   2,814    3,680    6,494 

 

During the periods presented in these unaudited interim condensed consolidated financial statements, the Company reports two operating segments: 1) Sales of cleaning systems and other equipment, and 2) Provision of centralized dishware washing and general cleaning services.

 

The CODM allocates resources to and assess the performance of each operating segment using information about the operating segment’s revenue and income (loss) from operations. The CODM regularly reviews the Company’s revenue, cost and gross profit/loss derived from each revenue stream and is also provided with information of segment expenses. The CODM does not evaluate operating segments using asset or liability information.

 

The following tables present summaries of the Company’s breakdown of net revenues by segments and operating segment results for the periods ended June 30, 2025 and 2026, respectively. There was no significant transaction between reportable segments and non-significant non-cash items (other than depreciation and amortization) for the years the periods ended June 30, 2025 and 2026.

 

SCHEDULE OF BREAKDOWN OF NET REVENUES BY SEGMENTS

   2025   2026   2026 
   For the six-month period ended June 30, 
   2025   2026   2026 
   SGD’000   SGD’000   USD’000 
Net revenues:               
Sales of cleaning systems and other equipment   2,814    16,651    12,867 
Provision of centralized dishware washing and general cleaning services   3,680    4,163    3,217 
Net revenues   6,494    20,814    16,084 
                
Cost of revenues:               
Sales of cleaning systems and other equipment   (1,749)   (9,656)   (7,462)
Provision of centralized dishware washing and general cleaning services   (3,117)   (3,620)   (2,797)
Cost of revenues   (4,866)   (13,276)   (10,259)
                
Gross profit:               
Sales of cleaning systems and other equipment   1,065    6,995    5,405 
Provision of centralized dishware washing and general cleaning services   563    543    420 
Gross profit   1,628    7,538    5,825 
                
Significant expenses:               
Sales of cleaning systems and other equipment               
Payroll expense   (837)   (1,381)   (1,067)
Other segment items (Note (i))   (466)   (1,632)   (1,261)
Significant expenses   (1,303)   (3,013)   (2,328)
                
Provision of centralized dishware washing and general cleaning services               
Payroll expense   (166)   (243)   (188)
Other segment items (Note (i))   (48)   (71)   (56)
Provision of centralized dishware washing and general cleaning services   (214)   (314)   (244)
                
Reversal of expected credit loss   -    23   18
Interest income   75    65    50 
Interest expense   (238)   (114)   (88)
Other unallocated (expense)/income (Note (ii))   (780)   (2,485)   (1,920)
Other (loss) income   (943)   (2,511)   (1,940)
                
Net (loss) income   (832)   1,700    1,313 

 

  Notes:-

 

  (i) Other segment items include sales commission, selling and marketing expenses and general and administrative expenses other than payroll expenses.
  (ii) Other unallocated expenses include legal and professional fees, income tax expense, and change in fair value in financial instruments and exchange difference.

 

 

In the following table, revenue is disaggregated by the geographic locations of customers and by the timing of revenue recognition.

 

   SGD’000   SGD’000   SGD’000   US$’000 
   For the six-month period ended June 30, 2026 
   Cleaning Systems   Dishware Washing Services   Total   Total 
   SGD’000   SGD’000   SGD’000   US$’000 
Geographic location:                    
Singapore   620    4,163    4,783    3,696 
Malaysia   12,795    -    12,795    9,887 
Other countries   3,236    -    3,236    2,501 
Revenue   16,651    4,163    20,814    16,084 

 

   SGD’000   SGD’000   SGD’000 
   For the six-month period ended June 30, 2025 
   Cleaning Systems   Dishware Washing Services   Total 
   SGD’000   SGD’000   SGD’000 
Geographical location:               
Singapore   693    3,680    4,373 
Malaysia   630    -    630 
Other countries   1,491    -    1,491 
Revenue   2,814    3,680    6,494