v3.26.3
Bank loans (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of short-term bank loan

The bank loans as of December 31, 2025 and June 30, 2026 are set out below:

 

2025

 

Bank loans  Currency  Period  Interest 

Carrying amount

(S$)

  

Carrying amount

(US$)

 
Secured variable rate bank loan1  SGD  2025 - 2026  1.75% + 3 months compounded SORA per annum on monthly rests   750,000    583,249 
             750,000    583,249 

 

 

SIMPPLE LTD. AND ITS SUBSIDIARIES

NOTES TO UNAUDITED INTERIM CONDENSED CONSOLIDATED

FINANCIAL STATEMENTS

 

13 Bank loans (cont’d)

 

The bank loans as of December 31, 2025 and June 30, 2026 are set out below (cont’d):

 

2026

 

Bank loans  Currency  Period  Interest 

Carrying amount

(S$)

  

Carrying amount

(US$)

 
Secured variable rate bank loan1  SGD  2025 - 2026  1.75% + 3 months compounded SORA per annum on monthly rests   750,000    579,553 
Invoice Financing  SGD  2026 - 2026  0.25% + 1 month
compounded SORA per annum on monthly rests
   524,311    405,155 
             1,274,311    984,708 

 

1  The secured variable-rate bank loan is secured by a fixed deposit of S$1,000,000, included in restricted cash.
Schedule of bank loans

December 31, 2025 (All amounts in S$)

 

Bank loans  Carrying amount  

Within six

months

   2026   2027   2028   2029   Thereafter 
Secured variable rate bank loan   750,000    -    750,000    -    -    -    - 

 

June 30, 2026 (All amounts in S$)

 

Bank loans  Carrying amount  

Within six

months

   2027   2028   2029   2030   Thereafter 
Secured variable rate bank loan   750,000    750,000    -    -    -    -    - 
Invoice Financing   524,311    524,311    -    -    -    -    - 

 

June 30, 2026 (All amounts in US$)

 

Bank loans 

 

Carrying amount

  

Within six

months

   2027   2028   2029   2030   Thereafter 
Secured variable rate bank loan   579,553    579,553    -    -    -    -    - 
Invoice Financing   405,155    405,155    -    -    -    -    -