v3.26.3
Organization and business overview
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Organization and business overview

1 Organization and business overview

 

Simpple Ltd. (“SIMPPLE” or “Company”) was incorporated in the Cayman Islands on 24 August, 2022 as an exempted company. SIMPPLE is an investment holding company. Through its wholly owned subsidiaries, SIMPPLE is principally engaged in the provision of i) sale of facilities management software and ii) trading and maintenance of robotics equipment.

 

The condensed consolidated financial statements of the Company include the following entities:

 

SIMPPLE owns 100% interest in its subsidiaries which are in the table as below:

 

Name

 

Date of

incorporation

 

Percentage of direct or

indirect interests

   Place of incorporation  Principal activities
     

December 31,

2025

  

June 30,

2026

       
IFSC Pte. Ltd. (“IFSC”)  March 18, 2016   100%    100%   Singapore  Sale of facilities management software
Gaussian Robotics Pte. Ltd.  May 18, 2017   100%    100%   Singapore  Provision of trading and maintenance of robotic equipment
Simpple Pte. Ltd.  October 13, 2020   100%    100%   Singapore  Research and experimental development on environment and clean technologies
Simpple Australia Pty Ltd *  September 6, 2023   100%    -   Australia  Sale of facilities management software

 

* On February 6, 2026, the Company, through its subsidiary IFSC Pte. Ltd., completed the sale of its entire interest in SIMPPLE Australia Pty Ltd. to two employees of that subsidiary for total consideration of AUD2. SIMPPLE Australia was deconsolidated on that date, and the Company retained no ownership interest. At the disposal date, SIMPPLE Australia had net liabilities of approximately S$1,337,069, including amounts due to a Group entity. The disposal resulted in a gain of S$1,315,264, included in “Other income” in the condensed consolidated statement of operations. The Company’s parent guarantee in respect of SIMPPLE Australia terminated upon completion.