1HFY2025 Results

Mar 13, 2025 at 10:59 AM UTC · MarketScreener

Datapulse Technology Limited

(Company Registration No. 198002677D)

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

Datapulse Technology Limited

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

Table of Contents

	Page
A. Condensed interim consolidated statement of profit or loss and
other comprehensive income		3
B. Condensed interim statements of financial position		4
C. Condensed interim statements of changes in equity	5	- 6
D. Condensed interim consolidated statement of cash flows		7
E. Notes to the condensed interim consolidated financial statements	8 - 19
F. Other information required by Listing Rule Appendix 7.2	20	- 22

Datapulse Technology Limited

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

A. Condensed interim consolidated statement of profit or loss and other comprehensive income

			Group
		6 Months Ended
Consolidated Statement of Profit or Loss	Note	31/1/2025	31/1/2024	Change
		$'000	$'000	%
		(Unaudited)	(Unaudited)
Revenue	3	2,976	3,138	(5.2)
Other income	4	177	222	(20.3)
		3,153	3,360	(6.2)
Fair value loss on short-term investments		(25)	-	N.M.
Staff costs		(635)	(865)	(26.6)
Depreciation		(290)	(307)	(5.5)
Finance costs	5	(14)	(20)	(30.0)
Hotel operating expenses		(1,207)	(1,257)	(4.0)
Other operating expenses		(832)	(610)	36.4
Profit before taxation	6	150	301	(50.2)
Taxation		(1)	-	N.M.
Profit for the period attributable to owners of
the Company		149	301	(50.5)
Profit per share attributable to owners of

the Company
Basic profit per share (cents) (1)		0.06	0.13
Diluted profit per share (cents) (2)		0.05	0.09
Consolidated Statement of Comprehensive Income
Profit for the period		149	301	(50.5)
Other comprehensive income:
Items that will be reclassified to profit or loss
Foreign currency translation differences relating to
foreign subsidiaries		(1,593)	(1,117)	42.6
Other comprehensive loss for the period		(1,593)	(1,117)	42.6
Total comprehensive loss for the period
attributable to owners of the Company		(1,444)	(816)	77.0

The basic profit per share is computed based on weighted average number of ordinary shares (excluding treasury shares) of 238,833,573 shares (31 January 2024: 239,627,912 shares).
The diluted profit per share is computed based on total of weighted average number of ordinary shares (excluding treasury shares) and warrants outstanding (assuming the warrants exercised at the beginning of the period) of 325,817,927 shares (31 January 2024: 328,612,266 shares).

Page 3 of 22

Datapulse Technology Limited

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

B. Condensed interim statements of financial position

		Group		Company
	Note	31.1.2025	31.7.2024	31.1.2025	31.7.2024
		$'000	$'000	$'000	$'000
		(Unaudited)	(Audited)		(Unaudited)	(Audited)
ASSETS
Non-current assets
Property, plant and equipment	7	36,060	38,100	15	13
Right-of-use assets	8	69	98	69	98
Investment securities	9	4,282	4,282	-	-
Long-term receivables	10	6,305	6,305	-	-
Subsidiaries		-	-	49,549	51,368
Deferred tax assets		485	509		-	-
		47,201	49,294	49,633	51,479
Current assets
Trade and other receivables	10	386	218	96	53
Prepayment		97	60	52	51
Investment securities	9	3,301	-	3,301	-
Cash and bank balances		10,742	14,194		9,232	11,329
		14,526	14,472		12,681	11,433
TOTAL ASSETS		61,727	63,766	62,314	62,912
LIABILITIES AND EQUITY

Non-current liabilities
Loans and borrowings	11	276	528	276	528
Lease liabilities	8	14	44		14	44
		290	572	290	572
Current liabilities
Trade and other payables	12	466	750	93	226
Current tax payable		2	32	-	-
Loans and borrowings	11	500	500	500	500
Lease liabilities	8	60	59		60	59
		1,028	1,341		653	785
Total liabilities		1,318	1,913	943	1,357

Net assets		60,409	61,853	61,371	61,555
Equity attributable to owners of the
Company
Share capital	13	34,736	34,736	34,736	34,736
Reserves		25,673	27,117		26,635	26,819
Total equity		60,409	61,853		61,371	61,555
TOTAL LIABILITIES AND EQUITY		61,727	63,766	62,314	62,912

Page 4 of 22

Datapulse Technology Limited

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

C. Condensed interim statements of changes in equity

				Group
			Attributable to owners of the Company
				Foreign
			Fair value	currency
	Share	Treasury	adjustment	translation	Warrant	Retained	Total
	capital	shares	reserve	reserve	reserve	earnings	equity
	$'000	$'000	$'000	$'000	$'000	$'000	$'000
At 1 August 2024	34,736	(187)	(1,067)	(8,192)	752	35,811	61,853
Total comprehensive (loss)/income
Profit for the period	-	-	-	-	-	149	149
Other comprehensive loss:
Foreign currency translation differences relating to foreign subsidiaries	-	-	-	(1,593)	-	-	(1,593)
Total other comprehensive loss for the period	-	-	-	(1,593)	-	-	(1,593)

Total comprehensive (loss)/income for the period	-	-	-	(1,593)	-	149	(1,444)

At 31 January 2025	34,736	(187)	(1,067)	(9,785)	752	35,960	60,409

At 1 August 2023

Total comprehensive (loss)/income

Profit for the period

Other comprehensive loss:

Foreign currency translation differences relating to foreign subsidiaries Total other comprehensive loss for the period

Total comprehensive (loss)/income for the period

At 31 January 2024

35,016	(187)	(1,047)	(5,912)	752	31,316	59,938
-	-	-	-	-	301	301
-	-	-	(1,117)	-	-	(1,117)
-	-	-	(1,117)	-	-	(1,117)

-	-	-	(1,117)	-	301	(816)

35,016	(187)	(1,047)	(7,029)	752	31,617	59,122

Page 5 of 22

Datapulse Technology Limited

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

C. Condensed interim statements of changes in equity

			Company
	Share	Treasury	Warrant	Retained	Total
	capital	shares	reserve	earnings	equity
	$'000	$'000	$'000	$'000	$'000
At 1 August 2024	34,736	(187)	752	26,254	61,555
Loss for the period, representing total comprehensive loss for the period	-	-	-	(184)	(184)

At 31 January 2025	34,736	(187)	752	26,070	61,371

At 1 August 2023	35,016	(187)	752	23,966	59,547
Loss for the period, representing total comprehensive loss for the period	-	-	-	(324)	(324)

At 31 January 2024	35,016	(187)	752	23,642	59,223

Page 6 of 22

Datapulse Technology Limited

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

Condensed interim consolidated statement of cash flows

				Group
				6 Months Ended
				31.1.2025	31.1.2024
				$'000	$'000
				(Unaudited)	(Unaudited)
Operating activities
Profit before taxation				150	301
Adjustments for:
Depreciation of property, plant and equipment and right-of-use assets			290	307
Fair value loss on short-term investment				25	-
Finance costs				14	20
Interest income				(172)	(222)
Operating cash flows before movements in working capital				307	406
Changes in working capital:
Trade and other receivables				(181)	41
Prepayment				(34)	(34)
Short-term investment securities				(3,326)	(73)
Trade and other payables				207	(93)
Cash generated from operations				(3,027)	247
Tax paid				(31)	-
Net cash (used in)/generated from operating activities				(3,058)	247
Investing activities
Interest received				183	265
Purchase of property, plant and equipment				(12)	(5)
Net cash generated from investing activities				171	260
Financing activities
Interest paid				(13)	(20)
Repayment of bank loan				(252)	(244)
Repayment of lease liabilities				(30)	(32)
Movement in pledged deposit				(12)	(11)
Net cash used in financing activities				(307)	(307)
Net increase in cash and cash equivalents				(3,194)	200
Cash and cash equivalents at beginning of financial period				13,556	12,782
Effect of exchange rate changes on balances held in foreign currency			(270)	(190)
Cash and cash equivalents at end of financial period				10,092	12,792
Reconciliation of (assets)/liabilities arising from financing activities

		Financing
	1 August	cash		Interest	31 January
	2024	outflows	Additions	expenses	2025
	$'000	$'000	$'000	$'000	$'000
Liabilities
Bank borrowings	1,028	(265)	-	13	776
Lease liabilities	103	(30)	-	1	74
Asset
Pledged deposit	(638)	(12)	-	-	(650)
		Financing
	1 August	cash		Interest	31 January
	2023	outflows	Additions	expenses	2024
	$'000	$'000	$'000	$'000	$'000
Liabilities
Bank borrowings	1,520	(264)	-	20	1,276
Lease liabilities	48	(32)		1	17
Asset
Pledged deposit	(615)	(11)	-	-	(626)

Page 7 of 22

Datapulse Technology Limited

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

Notes to the condensed interim consolidated financial statements

Corporate information
Datapulse Technology Limited (the "Company") is a limited liability company incorporated and domiciled in Singapore and is listed on the Mainboard of the Singapore Exchange. The registered office and principal place of business of the Company is at 190 Middle Road, #14-01 Fortune Centre, Singapore 188979.
These condensed interim financial statements as at and for the six months ended 31 January 2025 comprise the Company and its subsidiaries (collectively, the "Group").
The Company's principal activities are investment holding and investment trading. The principal activities of the Group are hotel operations, investment holding and investment trading.
Basis of preparation
The condensed financial statements for the six months ended 31 January 2025 have been prepared in accordance with Singapore Financial Reporting Standards (International) ("SFRS(I)") 1-34 Interim Financial Reporting issued by the Accounting Standards Council Singapore. The condensed financial statements do not include all the information required for a complete set of financial statements. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group's financial position and the performance of the Group since the last annual financial statements for the year ended 31 July 2024.
The condensed interim financial statements have been prepared on the historical cost basis except as otherwise described in the notes below.
The condensed interim financial statements have been prepared on a going concern basis, since the directors have verified that there are no financial, operating or other types of indicators that might cast significant doubt upon the Group's ability to meet its obligations in the foreseeable future and particularly within the twelve months from the end of the reporting period.
The condensed interim financial statements are presented in Singapore Dollars ("$") and all values in the tables are rounded to the nearest thousand ("$'000"), except when otherwise indicated.

2.1 Use of estimates and judgements

The preparation of the condensed interim financial statements in conformity with SFRS(I) requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

Page 8 of 22

Datapulse Technology Limited

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

Notes to the condensed interim consolidated financial statements

Changes in accounting policies
There were no changes in accounting policies and methods of computation adopted in the condensed interim financial statements for the current reporting period as compared to the most recent audited annual financial statements as at 31 July 2024, except for the adoption of the new standards and amendments which became effective for financial period beginning on or after 1 August 2024. The adoption of these amendments to standards and interpretations do not have a significant impact on the condensed interim financial statements.
A number of new standards, amendments to standards and interpretations that have been issued as of the balance sheet date but are not yet effective for the year ending 31 July 2024 have not been applied in preparing the condensed interim financial statements. The adoption of these new standards, amendments to standards and interpretations are not expected to have a significant impact on the Group's condensed interim financial statements.
Seasonal operations
The Group's businesses are not affected significantly by seasonal or cyclical factors during the financial period.
Segment Information
The Group is organised into the following main business segments:
1. Investment holding;
2. Investments; and
3. Hotel operations

Management monitors the operating results of its business segments separately for the purpose of making decisions about resource allocation and performance assessment.

Page 9 of 22

Datapulse Technology Limited

Condensed Interim Financial Statements For The Six Months Ended 31 January 2025

Notes to the condensed interim consolidated financial statements

3.	Revenue
							Group
							6 Months Ended
				Note			31.1.2025	31.1.2024
							$'000	$'000
	Revenue from contracts with customers		(a)			2,930	3,129
	Interest income on bond investments at FVPL				46	9
							2,976	3,138
	(a) Disaggregation of revenue:

							Total revenue from
							contracts with
	Segments	Hotel	Asset management	customers
	6 Months Ended	31.1.2025	31.1.2024	31.1.2025	31.1.2024	31.1.2025	31.1.2024
			$'000	$'000	$'000	$'000	$'000	$'000
	Primary geographical markets
	Singapore	-	-	-	180	-	180
	Korea	2,930	2,949	-	-	2,930	2,949
			2,930	2,949	-	180	2,930	3,129

	Major revenue streams
	Hotel operations revenue
	- Room	2,801	2,862	-	-	2,801	2,862
	- Food and beverage	83	47	-	-	83	47
	- Others	46	40	-	-	46	40
	Asset management fees	-	-	-	180	-	180
			2,930	2,949	-	180	2,930	3,129

4.	Other income
							Group
							6 Months Ended
							31.1.2025	31.1.2024
							$'000	$'000
	Interest income					173	222
	Other income					4	-
							177	222

Page 10 of 22

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