Financial Highlights INCOME STATEMENT 2020 2021 2022 2023 2024 Sales (S$’mil) 105.2 138.9 143.7 123.0 128.8 Sales Growth (%) (7.5%) 32.0% 3.5% (14.4%) 4.7% Profit/(loss) After Tax (S$’mil) 5.3 8.0 6.1 (5.8) 7.9 Profit/(loss) After Tax (adj) (S$’mil) (1) — — — 1.9 2.9 Profit/(loss) After Tax Growth (%) 32.0% 52.0% (24.1%) NM NM Profit/(loss) After Tax Margin (%) 5.0% 5.8% 4.2% (4.7%) 6.1% EBITDA (S$’mil) 7.7 11.1 10.5 (1.9) 11.8 Earnings/(loss) per share (cents) 3.85 5.82 4.41 (4.43) 5.93 Weighted Average Number of Ordinary Shares (mil) 133.3 133.3 133.3 133.3 133.3 ROE (%) 9.8% 13.6% 10.0% (11.8%) 13.5% HALF-YEAR BREAKDOWN 2020 2021 2022 2023 2024 Sales for first half (S$’mil) 52.0 65.9 75.2 60.7 65.2 % Growth 1H vs 1H (6.7%) 26.7% 14.1% (19.3%) 7.4% Sales for second half (S$’mil) 53.2 73.0 68.5 62.3 63.7 % Growth 2H vs 2H (8.3%) 37.1% (6.1%) (9.1%) 2.2% Profit After Tax for first half (S$’mil) 2.8 3.8 4.5 0.9 2.0 % Growth 1H vs 1H 39.9% 34.0% 18.0% (79.1%) > 100.0% Profit/(loss) After Tax for second half (S$’mil) 2.4 4.2 1.6 ( 6.7 ) 5.9 % Growth 2H vs 2H 24.0% 72.7% (61.8%) NM NM FINANCIAL POSITION 2020 2021 2022 2023 2024 Total Assets (S$’mil) 91.3 110.9 117.1 100.2 104.5 Shareholders Equity (S$’mil) 52.4 57.3 58.6 50.0 58.5 Net Asset/Share (cents) 39.33 42.95 43.96 37.48 43.92 Borrowings (S$’mil) 19.3 28.9 36.4 28.5 25.2 Gearing ratio (times) 0.37 0.51 0.62 0.57 0.43 Net gearing ratio (times) 0.06 0.30 0.42 0.30 0.16 Cash (S$’mil) 16.2 11.5 11.9 13.6 16.0 Current ratio (times) 2.2 1.8 1.8 1.7 1.8 DIVIDEND 2020 2021 2022 2023 2024 Net Dividend/Share (cents) 1.5 2.0 2.0 0.0 1.0 Net Dividend Payout (%) (2) 39.0% 34.4% 45.4% 0.0 46.0% Net Dividend Yield (%) (3) 4.5% 4.8% 3.9% 0.0 2.3% Note: (1) Adjusted for a one-off impact from a fire incident in 2023 (2) Net Dividend Payout for 2024 is based on adjusted net profit after tax (3) Dividend yield is based on closing price as at 31 December (4) NM denotes not meaningful 28 ANNUAL REPORT 2024
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