v3.26.3
Segmental reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segmental reporting

15 Segmental reporting

 

An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses, and is identified on the basis of the internal financial reports that are provided to and regularly reviewed by the Company’s chief operating decision maker in order to allocate resources and assess performance of the segment.

 

In accordance with ASC 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different services. Based on management’s assessment, the Company has determined that it has two operating segments as defined by ASC 280 as follow:

 

1.Sale of autonomous robotic cleaning equipment: Sale, warranty and maintenance of robots (“Robots”)
2.Sale of facilities management software (“Facilities management software”)

 

The following tables present summary information by segment for the six months ended June 30, 2025 and 2026, respectively:

 

   Robots   Software services rendered   Others   Total 
   For the six months ended June 30, 2025 
   Robots  

Software

services

rendered

   Others   Total 
   S$   S$   S$   S$ 
                 
Revenue   2,374,119    1,110,842    -    3,484,961 
Cost of revenues   (1,378,696)   (480,680)   -    (1,859,376)
Gross profit   995,423    630,162    -    1,625,585 
Operating expenses:                    
General and administrative expenses   (416,539)   (1,971,943)   (798,920)   (3,187,402)
Total operating expenses   (416,539)   (1,971,943)   (798,920)   (3,187,402)
Income (loss) from operations   578,884    (1,341,781)   (798,920)   (1,561,817)

 

 

SIMPPLE LTD. AND ITS SUBSIDIARIES

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS

 

15 Segmental reporting (cont’d)

 

   Robots   Software services rendered   Others   Total 
   For the six months ended June 30, 2025 
   Robots   Software services rendered   Others   Total 
   S$   S$   S$   S$ 
                 
Other income (loss), net:                    
Other income   206,676    14,059    -    220,735 
Interest expense   -    (218,900)   (5,000)   (223,900)
Other expense   78,884    (40,646)   (43,357)   (5,119)
                     
Total other income (loss)   285,560    (245,487)   (48,357)   (8,284)
                     
Income (Loss) before tax expense   864,444    (1,587,268)   (847,277)   (1,570,101)
Income tax expense   -    -    -    - 
Net income (loss)   864,444    (1,587,268)   (847,277)   (1,570,101)

 

   Robots   Software services rendered   Others   Total 
   For the six months ended June 30, 2026 
   Robots   Software services rendered   Others   Total 
   S$   S$   S$   S$ 
                 
Revenue   4,127,904    947,964    -    5,075,868 
Cost of revenues   (2,310,929)   (600,807)   -    (2,911,736)
                     
Gross profit   1,816,975    347,157    -    2,164,132 
                     
Operating expenses:                    
General and administrative expenses   (126,998)   (3,477,126)   (1,632,801)   (5,236,925)
                     
Total operating expenses   (126,998)   (3,477,126)   (1,632,801)   (5,236,925)
                     
Income (loss) from operations   1,689,977    (3,129,969)   (1,632,801)   (3,072,793)
                     
Other income (loss), net:                    
Other income   -    1,341,001    -    1,341,001 
Interest expense   -    (251,605)   (60,995)   (312,600)
Other expense   (15,412)   (13,068)   3,860    (24,620)
                     
Total other (loss) income   (15,412)   1,076,328    (57,135)   1,003,781 
                     
Income (loss) before tax expense   1,674,565    (2,053,641)   (1,689,936)   (2,069,012)
Income tax expense   -    -    -    - 
                     
Net income (loss)   1,674,565    (2,053,641)   (1,689,936)   (2,069,012)

 

The Company sells to two geographical locations which are mainly Singapore and Australia.

 

 

SIMPPLE LTD. AND ITS SUBSIDIARIES

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS

 

15 Segmental reporting (cont’d)

 

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

 

   Robots   Facilities Management Software   Total 
   For the six months ended June 30, 2025 
   Robots   Facilities Management Software   Total 
   S$   S$   S$ 
Point in time   1,678,119    730,629    2,408,748 
Over time   696,000    380,213    1,076,213 

 

   Robots   Facilities Management Software   Total 
   For the six months ended June 30, 2026 
   Robots   Facilities Management Software   Total 
   S$   S$   S$ 
Point in time   3,643,134    447,172    4,090,306 
Over time   484,770    500,792    985,562