FY2025 Full Year Results

(Company Registration No. 198002677D)

Condensed Interim Financial Statements For The Six Months And Full Year Ended 31 July 2025

Page 1 of 23

Table of Contents

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

   Page 3

2. Condensed interim statements of financial position 4

3. Condensed interim statements of changes in equity 5

4. Condensed interim consolidated statement of cash flows 6

5. Notes to the condensed interim consolidated financial statements 7 - 19

6. Other information required by Listing Rule Appendix 7.2 20 - 23

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

   Consolidated Statement of Profit or Loss	Note	6 Months Ended 31.7.2025 31.7.2024 $'000 $'000 (Unaudited) (Unaudited)		Change %	12 Months Ended 31.7.2025 31.7.2024 $'000 $'000 (Unaudited) (Audited)		Change %
   Revenue	3	3,079 3,048		1.0	6,055 6,186		(2.1)
   Other income	4	104 199		(47.7)	281 421		(33.3)
   		3,183	3,247	(2.0)	6,336	6,607	(4.1)
   Gain on fair value of investments		86	-	N.M.	61	-	N.M.
   Staff costs		(687)	(641)	7.2	(1,322)	(1,506)	(12.2)
   Depreciation		(279)	(304)	(8.2)	(569)	(611)	(6.9)
   Finance costs	5	(1)	(18)	(94.4)	(15)	(38)	(60.5)
   Hotel operating expenses		(1,199)	(1,271)	(5.7)	(2,406)	(2,528)	(4.8)
   Reversal of impairment of freehold building		-	2,910	N.M.	-	2,910	N.M.
   Other operating expenses		(456) (599)		(23.9) (1,288) (1,209)			6.5
   Profit before taxation	6	647 3,324		(80.5) 797 3,625			(78.0)
   Taxation Profit for the year attributable to owners of	7	26 892		(97.1) 25 892			(97.2)

   673	4,216	(84.0)	822	4,517	(81.8)
   0.28	1.76		0.35	1.89
   0.21	1.28		0.25	1.38
   673 (8)	4,216 (22)	(84.0) (63.6)	822 (8)	4,517 (22)	(81.8) (63.6)
   1,100	(20)	(5,600.0)	1,100	(20)	(5,600.0)

   the Company Profit per share attributable to owners of the Company

   Basic profit per share (cents) (1)

   Diluted profit per share (cents) (2)

   Consolidated Statement of Comprehensive Income Profit for the year Other comprehensive income/(loss):

   Items that will not be reclassified to profit or loss

   Remeasurement of defined benefit obligation

   Net gain/(loss) on equity instrument designated at fair value through other comprehensive income

   Items that will be reclassified to profit or loss Foreign currency translation differences relating to foreign subsidiaries	84 (1,163)	(107.2) (1,509) (2,280)	(33.8)
   Other comprehensive income/(loss) for the year	1,176 (1,205)	(197.6) (417) (2,322)	(82.0)
   Total comprehensive income for the year attributable to owners of the Company	1,849 3,011	(38.6) 405 2,195	(81.5)

   1. The basic profit per share for six months and full year ended 31 July 2025 is computed based on weighted average number of ordinary shares (excluding treasury shares) 236,833,573 shares (31 July 2024: 239,582,103 shares).

   2. The diluted profit per share for six months and full year ended 31 July 2025 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 July 2024: 328,566,457 shares).

2. Condensed interim statements of financial position

   	Note
   ASSETS
   Non-current assets Property, plant and equipment	8
   Right-of-use assets	9
   Investment securities	10
   Long-term receivables	11
   Subsidiaries
   Deferred tax assets
   Current assets Trade and other receivables	11
   Prepayment
   Investment securities	10
   Cash and bank balances
   TOTAL ASSETS
   LIABILITIES AND EQUITY
   Non-current liabilities Loan and borrowing	12
   Lease liabilities	9
   Current liabilities Trade and other payables	13
   Current tax payable
   Loan and borrowing	12
   Lease liabilities	9
   Total liabilities
   Net assets
   Equity attributable to owners of the
   Company Share capital	14
   Reserves
   Total equity TOTAL LIABILITIES AND EQUITY

   Group		Company
   31.7.2025	31.7.2024	31.7.2025	31.7.2024
   $'000	$'000	$'000	$'000
   (Unaudited)	(Audited)	(Unaudited)	(Audited)
   35,889	38,100	14	13
   42	98	42	98
   5,382	4,282	-	-
   6,305	6,305	-	-
   -	-	52,653	51,368
   526	509	-	-
   48,144	49,294	52,709	51,479
   306	218	90	53
   76	60	41	51
   3,880	-	3,880	-
   10,634	14,194	7,935	11,329
   14,896	14,472	11,946	11,433
   63,040	63,766	64,655	62,912
   -	528	-	528
   -	44	-	44
   -	572	-	572
   721	750	173	226
   16	32	-	-
   -	500	-	500
   45	59	45	59
   782	1,341	218	785
   782	1,913	218	1,357
   62,258	61,853	64,437	61,555
   34,736	34,736	34,736	34,736
   27,522	27,117	29,701	26,819
   62,258	61,853	64,437	61,555
   63,040	63,766	64,655	62,912

3. Condensed interim statements of changes in equity

   Group

   Attributable to owners of the Company

   Share capital		Treasury shares	Fair value adjustment reserve	Foreign currency translation reserve	Warrant reserve		Retained earnings	Total 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 income Profit for the year -		-	-	-	-		822	822
   Other comprehensive income/(loss) for the year: Remeasurement of defined benefit obligation -		-	-	-	-		(8)	(8)
   fair value through other comprehensive income - - 1,100 - - - 1,100 Foreign currency translation differences relating to foreign subsidiaries - - - (1,509) - - (1,509)
   Total other comprehensive income/(loss) for the year	-	-	1,100	(1,509)	-	(8)		(417)
   Total comprehensive income/(loss) for the year	-	-	1,100	(1,509)	-	814		405
   At 31 July 2025	34,736	(187)	33	(9,701)	752	36,625		62,258
   At 1 August 2023	35,016	(187)	(1,047)	(5,912)	752	31,316		59,938
   Total comprehensive income Profit for the year	-	-	-	-	-	4,517		4,517
   Other comprehensive loss for the year:
   Remeasurement of defined benefit obligation - Net loss on equity instrument designated at fair value through other comprehensive income -	- - - (20)			- -	- (22) - -			(22) (20)
   Foreign currency translation differences relating to foreign subsidiaries -	- -			(2,280)	- -			(2,280)
   Total other comprehensive loss for the year -	- (20)			(2,280)	- (22)			(2,322)
   Total comprehensive (loss)/income for the year	-	-	(20)	(2,280)	-	4,495		2,195
   Transactions with owners, recognised directly in equity
   Purchase and cancellation of ordinary shares	(280	) -	-	-	-	-		(280)
   	(280	) -	-	-	-	-		(280)
   At 31 July 2024	34,736	(187)	(1,067)	(8,192)	752	35,811		61,853
   					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
   Profit for the year, representing total comprehensive income for the year			-	-	-		2,882		2,882
   At 31 July 2025			34,736	(187)	752		29,136		64,437
   At 1 August 2023			35,016	(187)	752		23,966		59,547
   Profit for the year, representing total comprehensive income for the year			-	-	-		2,288		2,288
   Transactions with owners, recognised directly in equity
   Other comprehensive loss for the year:			(280)	-	-		-		(280)
   			(280)	-	-		-		(280)
   At 31 July 2024			34,736	(187)	752		26,254		61,555

   Net gain on equity instrument designated at

4. Condensed interim consolidated statement of cash flows Group 12 Months Ended

   				31.7.2025 $'000 (Unaudited)	31.7.2024 $'000 (Audited)
   Operating activities Profit before taxation				797	3,625
   Adjustments for:
   Defined benefit costs				76	17
   Depreciation of property, plant and equipment and right-of-use assets				569	610
   Finance costs				15	38
   Reversal of impairment of freehold building				-	(2,910)
   Exchange loss - realised				325	-
   Gain on short-term investment securities				(61)	-
   Interest income				(273)	(421)
   Operating cash flows before movements in working capital				1,448	959
   Changes in working capital:
   Trade and other receivables				(103)	47
   Prepayment				(13)	2
   Short-term investment securities				(3,819)	498
   Trade and other payables				(66)	(40)
   Contribution or benefits paid or retirement benefits				(65)	(65)
   Cash generated from operations				(2,618)	1,401
   Tax paid				(31)	(8)
   Net cash flows (used in)/generated from operating activities				(2,649)	1,393
   Investing activities Interest received				283	479
   Investment securities				-	(94)
   Purchase of property, plant and equipment				(16)	(15)
   Net cash flows generated from investing activities				267	370
   Financing activities Interest paid				(13)	(36)
   Shares purchased and cancelled				-	(280)
   Repayment of borrowings				(1,026)	(492)
   Repayment of lease liabilities				(60)	(64)
   Movement in pledged deposit				638	(23)
   Net cash used in financing activities				(461)	(895)
   Net (decrease)/increase in cash and cash equivalents				(2,843)	868
   Cash and cash equivalents at beginning of financial year				13,556	12,782
   Effect of exchange rate changes on balances held in foreign currency				(79)	(94)
   Cash and cash equivalents at end of financial year				10,634	13,556
   Reconciliation of (assets)/liabilities arising from financing activities
   	1 August	Financing cash inflows		Interest
   	2024	/(outflows)	Additions	expenses	31 July 2025
   	$'000	$'000	$'000	$'000	$'000
   Liabilities Bank borrowings	1,028	(1,041)	-	13	-
   Lease liabilities	103	(60)	-	2	45
   Asset Pledged deposit	(638)	638	-	-	-
   	1 August	Financing		Interest
   	2023	cash outflows	Additions	expenses	31 July 2024
   	$'000	$'000	$'000	$'000	$'000
   Liabilities Bank borrowings	1,520	(528)	-	36	1,028
   Lease liabilities	48	(64)	117	2	103
   Asset Pledged deposit	(615)	(23)	-	-	(638)

   1. 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 and twelve months ended 31 July 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, investment trading and the provision of management services.

   2. Basis of preparation

      The condensed financial statements for the six and twelve months ended 31 July 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.

      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.

      2. 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 ended 31 July 2025 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.

      3. Seasonal operations

         The Group's businesses are not affected significantly by seasonal or cyclical factors during the financial period.

      4. Segment Information

         The Group is organised into the following main business segments:

         1. Investment holding;

         2. Investments;

         3. Provision of asset management services; and

         4. Hotel operations

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

   3. Revenue

Profit before taxation for the period has been arrived at after charging/(crediting) the following items:

During the financial year ended 31 July 2025, the Group acquired assets amounting to $16,000 (31 July 2024:

$15,000) and reversal of an impairment of $Nil (31 July 2024: reversal of an impairment of $2,910,000) arising from the independent valuation of the freehold building.

1. Leases Group as a lessee

   The leases generally have lease terms between two and five years with renewal options of up to two years. The Group is restricted from assigning and subleasing the leased assets to third parties.

   1. Carrying amounts of right-of-use assets

      Set out below are the carrying amounts of right-of-use assets recognised and the movements during the financial year:

      Group and Company Office Office space equipment Total $'000 $'000 $'000 At 1 August 2023 42 3 45

      Additions 117 - 117

      Depreciation expense (61) (3) (64)

      At 31 July 2024 98 - 98

      Additions - - -

      Depreciation expense (56) - (56)

      At 31 July 2025 42 - 42

      The total cash outflow for leases during the financial year ended 31 July 2025 is $60,000 (31 July 2024: $63,000).

      1. Leases (continued)
   2. Lease liabilities

      Set out below are the carrying amounts of lease liabilities and the movements during the financial year:

      Group and Company 31.7.2025 31.7.2024 $'000 $'000 At beginning of financial year 103 48

      Accretion of interest 2 2

      Additions - 116

      Payments (60) (63)

      At end of financial year 45 103

      Current 45 59

      Non-current - 44

      45 103

   3. Amounts recognised in consolidated statement of profit or loss

Group and Company

1. Investment securities

   The Group has elected to measure these equity securities at FVOCI due to the Group's intention to hold these equity instruments for long-term capital appreciation.

   Group and Company 31.7.2025 31.7.2024 $'000 $'000 Current

   At FVPL

   Equity and debt investments (quoted) 3,880 -

   Non-current

   At fair value through other comprehensive income ("FVOCI")

   Group 31.7.2025 31.7.2024 $'000 $'000

   Equity investments (unquoted) 5,382 4,282

2. Trade and other receivables Group Company

   	31.7.2025 $'000	31.7.2024 $'000	31.7.2025 $'000	31.7.2024 $'000
   Trade and other receivables (current) Trade receivables	104	87	-	-
   Other receivables
   - Deposits	10	11	10	11
   - Interest receivables	154	107	73	27
   - GST/VAT receivables	-	-	7	13
   - Retirement benefit obligations	32	9	-	-
   - Others	6	4	-	2
   	306	218	90	53
   Other receivables (non-current) Long-term receivables	6,305	6,305	-	-
   Total trade and other receivables	6,611	6,523	90	53

   The trade receivables are unsecured, interest-free and has a credit term of 30 days (31 July 2024: 30 days).

   Long-term receivables relate to shareholder loans to two investee companies in which the Group has a 15% interest and 5% interest. The long-term receivables are interest free, except for the amount of $1,421,000 (31 July 2024: $1,421,000) which bears an interest of 3.85% per annum. An agreement was signed to waive interest receivables starting from May 2022.

3. Loan and borrowing Group Company

   Current 2.75% per annum fixed rate SGD bank loan	Maturity 2026	31.7.2025 $'000 -	31.7.2024 $'000 500	31.7.2025 $'000 -	31.7.2024 $'000 500
   Non-current 2.75% per annum fixed rate SGD bank loan	2026	-	528	-	528
   Total loan and borrowing		-	1,028	-	1,028

   A reconciliation of liabilities arising from financing activities is as follows:

   Non-cash movements

   Financing Foreign 1 August cash Interest exchange 31 July 2024 outflows expenses movement 2025 $'000 $'000 $'000 $'000 $'000

   Loan and borrowing 1,028 (1,041) 13 - -

   Non-cash movements

   Financing Foreign 1 August cash Interest exchange 31 July 2023 outflows expenses movement 2024 $'000 $'000 $'000 $'000 $'000

   Loan and borrowing 1,520 (528) 36 - 1,028

4. Trade and other payables Group Company

   31.7.2025 $'000		31.7.2024 $'000	31.7.2025 $'000	31.7.2024 $'000
   Trade payables	114	114	-	-
   Accrued operating expenses	546	530	116	119
   Amounts due to subsidiaries (non-trade)	-	-	27	27
   Interest payables	-	3	-	3
   GST/VAT payables	18	3	-	-
   Retirement benefit obligations	-	-	-	-
   Other payables	43	100	30	77
   	721	750	173	226

   The trade payables are unsecured, interest-free and has a credit term of 30 days (31 July 2024: 30 days). The non-trade amounts due to subsidiaries are unsecured, interest-free and repayable on demand.

5. Share capital

All shares (excluding treasury shares) rank equally with regard to the Company's residual assets. All issued shares are fully paid, with no par value.

The holders of ordinary shares (excluding treasury shares) are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company.

As at 31 July 2025, there are 88,984,354 (31 July 2024: 88,984,354) unexercised warrants. The number of unexercised warrants is the maximum number of ordinary shares that may be issued upon the exercise of all the warrants, which would increase the total number of issued ordinary shares (excluding treasury shares) to 325,817,927 (31 July 2024: 325,817,927). The warrants will expire on 28 November 2027.

As at 31 July 2025, the Company held 829,600 treasury shares (31 July 2025: 829,600). There was no sale, transfer, disposal, cancellation and use of treasury shares during the twelve months ended 31 July 2025.

The net placement proceeds from the issuance of shares to a third-party group during the financial year ended 2015 of $7.3 million are intended to be used for property related businesses. As at 31 July 2025, $4,986,000 (31 July 2024: $4,982,000) had been utilised for capital expenditure incurred for Travelodge Myeongdong City Hall ("TLMC").

1. Share capital (continued) Use of proceeds raised from rights issue of warrants

   The Company raised net proceeds amounting to $926,000 from the rights issue of warrants for the Group's general working capital. As at 31 July 2025, the full amount of $926,000 (31 July 2024: $926,000) has been used for operating expenses, including payroll, professional fees, compliance fees and other related costs.

   For the proceeds from the exercise of warrants, up to $5.5 million will be allocated for growth initiatives and the amount that exceeding $5.5 million will be used for the Group's general working capital. As at 31 July 2025, 20,553,068 warrants (31 July 2024: 20,553,068) have been exercised. The proceeds arising from the exercise of these warrants of approximately $1,850,000 (31 July 2024: $1,850,000) have not yet been utilised.

2. Net asset value Group Company 31.7.2025 31.7.2024 31.7.2025 31.7.2024

   Net asset value per ordinary share, excluding treasury shares (cents)

   Net asset value per dilluted share, excluding treasury shares (cents)

   26.29 26.12 27.21 25.99

   21.57 21.44 22.23 21.35

3. Reportable segments

1. Reportable segments (continued) Investment Asset holding Investments management Hotel Consolidated

   12 Months Ended 31.7.2024 Revenue:	$'000	$'000	$'000	$'000	$'000
   Total revenue for reporting segments	169	68	180	5,938	6,355
   Inter-segment revenue	(169)	-	-	-	(169)
   Revenue from external customers	-	68	180	5,938	6,186
   Results: Loss on disposal of investments	-	-	-	-	-
   Interest income	-	405	-	16	421
   Depreciation	(67)	-	-	(544)	(611)
   Finance costs	(38)	-	-	-	(38)
   Impairment of freehold building -		-	-	2,910	2,910
   Reportable segment (loss)/profit before taxation (1,195)		473	55	4,292	3,625
   Taxation 518		(3)	-	377	892
   Reportable segment for the year (677)		470	55	4,669	4,517
   Additions to property, plant and equipment -		-	-	15	15
   Reportable segment assets	22,265	-	17	41,484	63,766
   Reportable segment liabilities	1,373	-	5	535	1,913

   Investment Asset holding Investments management Hotel Consolidated

   						Additions to property, plant
   and equipment						-	-	-	4	4
   Reportable segment assets	20,004	3,880	12	39,144	63,040
   Reportable segment liabilities	277	-	5	500	782

   $'000 $'000 $'000 $'000 $'000

   6 Months Ended 31.7.2025 Revenue:
   Total revenue for reporting segments	95	86	- 4,147	4,328
   Inter-segment revenue	(95)	-	- (1,154)	(1,249)
   Revenue from external customers	-	86	- 2,993	3,079
   Results: Gain on fair value of investments	-	86	- -	86
   Interest income	-	83	- 17	100
   Depreciation	(30)	-	- (249)	(279)
   Finance costs	(1)	-	- -	(1)
   Reportable segment (loss)/profit
   before taxation (438) 255 3 827				647
   Taxation (13) - - 39				26
   Reportable segment for the period (451) 255 3 866				673

   16.	Reportable segments (continued)
   		Investment		Asset
   		holding	Investments	management	Hotel	Consolidated
   		$'000	$'000	$'000	$'000	$'000
   	6 Months Ended 31.7.2024
   	Revenue:
   	Total revenue for reporting segments	42	59	-	2,806	2,907
   	Inter-segment revenue	(42)	-	-	183	141
   	Revenue from external customers	-	59	-	2,989	3,048
   	Results: Interest income	-	195	-	4	199
   	Depreciation	(37)	-	-	(267)	(304)
   	Finance costs	(18)	-	-	-	(18)
   	Impairment of freehold building	-	-	-	2,910	2,910
   	Reportable segment loss before taxation	(581)	254	(3)	3,654	3,324
   	Taxation	518	(3)	-	377	892
   	Reportable segment for the period	(63)	251	(3)	4,031	4,216
   	Additions to property, plant
   	and equipment	-	-	-	10	10
   	Reportable segment assets	22,265	-	17	41,484	63,766
   	Reportable segment liabilities	1,373	-	5	535	1,913
   	Geographical information

   In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of customers and segment assets are based on the geographical location of assets.

   12 Months Ended

   Revenue:	31.7.2025 $'000	31.7.2024 $'000
   Singapore	132	248
   Korea	5,923 5,938
   	6,055 6,186

   Non-current assets:

   Singapore 5,966 6,021

   Korea 42,178 43,273

   48,144 49,294

2. Fair value of assets and liabilities
   1. Fair value hierarchy

      The Group categorises fair value measurements using a fair value hierarchy that is dependent on the valuation inputs used as follows:

      Level 1 - Quoted prices (unadjusted) in active market for identical assets or liabilities that the Group can access at the measurement date;

      Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

      Level 3 - Unobservable inputs for the asset or liability.

      Fair value measurements that use inputs of different hierarchy levels are categorised in its entirety at the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.

   2. Assets measured at fair value

The following table shows an analysis of each class of assets measured at fair value at the end of the financial year:

1. Fair value of assets and liabilities (continued) (b) Assets measured at fair value (continued) Company 31.7.2025 Assets measured at fair value

   Financial assets

   Quoted Significant prices observable in active inputs markets for other than Significant identical quoted unobservable assets prices inputs Total (Level 1) (Level 2) (Level 3) $'000 $'000 $'000 $'000

   Investment securities at FVPL (Note 10)3,880 - - 3,880

   31.7.2024

   Assets measured at fair value

   Financial assets

   Investment securities at FVPL (Note 10)

   - Quoted debt investments - - - -

2. Subsequent events

There are no known subsequent events which have led to adjustments to this set of condensed interim financial statements for the six months and full year ended 31 July 2025.

1. Audit

   The condensed consolidated statement of financial position of Datapulse Technology Limited and its subsidiaries as at 31 July 2025 and the related consolidated profit or loss and other comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the twelve-month period then ended and certain explanatory notes have not been audited or reviewed.

2. Review of performance of the Group

Financial performance for full year ended 31 July 2025 ("FY2025")

The Group recorded total revenue of $6.0 million in FY2025. The hotel operations business contributed $5.9 million through the Group's hotel namely Travelodge Myeongdong City-Hall ("TLMC"), while the investment income contributed a total of $0.1 million.

Korea Hotel operations revenue slightly decreased from $6.0 million in the year ended 31 July 2024 ("FY2024") to $5.9 million in FY2025, primarily due to the adverse foreign currency translation impact resulting from the depreciation of Korean Won against Singapore Dollar.

Asset management fees were derived from managing a hotel asset. The revenue from asset management fees amounted to S$0.2 million in FY2024. No revenue was recorded in FY2025 following the expiration of the asset management agreement on 31 December 2023.

Revenue from investments increased from $0.03 million in FY2024 to $0.1 million in FY2025, as the Group increased its investments in debt securities, which generated higher returns compared to fixed deposits.

The decrease in other income from $0.4 million in FY2024 to $0.3 million in FY2025 was mainly due to lower interest income and reduced fund allocation to fixed deposits.

The gain on fair value of investment represents the fair value recognition of debt securities as at 31 July 2025.

Staff costs decreased from $1.5 million in FY2024 to $1.3 million in FY2025, primarily due to a reduction in headcount.

The slight decrease in hotel operation expenses from $2.5 million in FY2024 to $2.4 million in FY2025, primarily due to the adverse foreign currency translation impact resulting from the depreciation of Korean Won against Singapore Dollar.

The depreciation charged primarily arose from the Group's freehold building and associated renovation works. Depreciation was $0.6 million in FY2024 and decreased slightly to $0.57 million in FY2025, mainly due to the full depreciation of certain assets during the year and the impact of translation from KRW to SGD.

The decrease in finance costs was mainly due to the repayment of the bank loan in Singapore, which was fully settled in February 2025.

The reversal of impairment of freehold building of $2.9 million in FY2024, primarily attributed to a favorable independent valuation of the freehold building.

Other operating expenses increased from $1.2 million in FY2024 to $1.3 million in FY2025, mainly due to a

$0.3 million foreign exchange loss resulting from remittances in Korean won to Singapore dollars, partly offset by a decrease in professional fees incurred during the year.

The decrease in tax credits from $0.9 million in FY2024 to $25,000 in FY2025 was mainly due to the following: In FY2024, there was a reversal of a $0.5 million income tax provision for the prior year as the obligation had lapsed, along with the recognition of $0.4 million in deferred tax assets from previously unrecognised tax losses. In FY2025, the recognition of $39,000 in deferred tax assets related to current year recognised tax losses, partly offset by a tax payable of $14,000 on dividend income remitted from the asset management company of TLMC to Singapore's subsidiaries.

The Group's profit attributable to owner of the Company was $0.8 million in FY2025 as compared to $4.5 million in FY2024.

1. Review of performance of the Group (continued)

   Financial performance for full year ended 31 July 2025 ("FY2025") (continued)

   The Group's comprehensive loss attributed to owners of the Company was $0.4 million in FY2025 as compared to $2.3 million in FY2024 mainly due to fair value gain on equity instrument, remeasurement of defined benefit obligation and foreign currency translation losses relating to depreciation of Korean Won ("KRW") against Singapore dollars ("SGD").

   Review of Financial Position

   Property, plant, and equipment decreased from $38.1 million as at 31 July 2024 to $35.9 million as at 31 July 2025, mainly due to foreign exchange movement of approximately $1.7 million arising from the appreciation of SGD against KRW, and depreciation charged of $0.5 million during the year. This was partly offset by acquisitions of $16,000 during the year.

   Rights of use assets of $42,000 as at 31 July 2025 mainly relates to the Singapore's office lease.

   Long-term investment securities consist of a 15% minority interest in a hotel in Seoul, South Korea and a 5% minority interest in a hotel in Singapore.

   Long-term receivables of $6.3 million as at 31 July 2025 pertain to shareholder loans extended to two investee companies, in which the Group holds a 15% interest and 5% interest, respectively.

   The decrease in current trade and other receivables was mainly due to timing of receipts for trade receivables and maturing fixed deposits placed with banks.

   Short-term investment securities relate to quoted investments held for trading and carried at fair value through profit or loss.

   The decrease in loans and borrowings was primarily due to the principal repayments during the year 2025. The decrease in trade and other payables was mainly due to payments made during the year.

   Review of Cash Flow

   Net cash used in operating activities of $2.6 million in FY2025, was mainly due to additions of quoted investments during the year.

   Net cash generated from investing activities of $0.3 million in FY2025, was mainly due to interest received from fixed deposits.

   Net cash used in financing activities amounted to $0.5 million in FY2024, resulting from the repayment of bank loans and lease liabilities, partly offset by movements in pledged deposits.

   As a result of the above, the Group's cash and bank balances decreased from $14.2 million as at 31 July 2024 to $10.6 million as at 31 July 2025.

2. Where a forecast, or a prospect statement, has been previously disclosed to shareholders, any variance between it and the actual results.

   Not applicable.

3. A commentary at the date of the announcement of the significant trends and competitive conditions of the industry in which the group operates and any known factors or events that may affect the group in the next reporting period and the next 12 months.

   With the current political and economic environment in South Korea showing stability, the Group remains cautiously optimistic about the performance of the hotel sector in Seoul, South Korea. we expect continued steady demand, supported by an increase in international tourism and rising demand for leisure and travel experiences.

   The Group is actively monitoring key factors such as foreign exchange risk, rising labour costs, inflationary pressures, competition from neighbouring countries, and geopolitical uncertainties that could impact South Korea's tourism sector. We will maintain a disciplined and strategic approach to managing these challenges through effective cost control, operational efficiency and revenue optimisation.

   The Group remains committed to seeking opportunities to enhance returns for our shareholders.

4. Dividend

   5a Current Financial Period Reported On.

   Any dividend declared or recommended for the current financial period reported on? None.

   5b Corresponding Period of the Immediately Preceding Financial Year.

   Any dividend declared or recommended for the corresponding period of the immediately preceding financial year?

   None.

   5c If no dividend has been declared (recommended), a statement to that effect and the reason(s) for the decision.

   No dividend has been declared or recommended, as the Group intends to reserve the funds for business opportunities and working capital.

   5d A breakdown of the total annual dividend (in dollar value) for the issuer's latest full year and its previous full year.

   No dividend has been declared or recommended in latest full year and its previous full year.

5. If the Group has obtained a general mandate from shareholders for Interested Person Transactions ("IPT"), the aggregate value of such transactions as required under Rule 920(1)(a)(ii). If no IPT mandate has been obtained, a statement to that effect.

   The Company has not obtained a general mandate from shareholders for IPT.

6. Negative confirmation pursuant to Rule 705(5).

   Not required for announcement on full year results.

7. Confirmation pursuant to Rule 720(1).

   We confirm that the Company has procured undertakings to comply with the Listing Manual of the Singapore Exchange Securities Trading Limited from all its directors and executive officers.

8. Disclosure of person occupying a managerial position in the issuer or any of its principal subsidiaries who is a relative of a director or chief executive officer or substantial shareholder of the issuer pursuant to Rule 704(13) in the format below. If there are no such persons, the issuer must make an appropriate negative statement.

   Pursuant to Rule 704(13) of the Listing Rules, Datapulse Technology Limited confirms that there were no persons occupying managerial position in the Company or any of its subsidiaries who is a relative of a director or chief executive officer or substantial shareholder of the Company.

9. Disclosures on Incorporation, Acquisition and Realisation of Shares pursuant to Rule 706A.

During FY2025, the Company did not incorporate or acquire any shares resulting in any company becoming a subsidiary or associated company or increasing its shareholding percentage in any subsidiary. Additionally, the Company did not dispose any shares resulting in a company ceasing to be a subsidiary or associated company or decreasing its shareholding percentage in any subsidiary.

Tan Hong Ean Company Secretary 22 September 2025