Half Yearly Results

This announcement has been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Securities (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms. Yang Zhenni, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

1. Condensed interim consolidated statement of profit or loss and other 3

   comprehensive income

2. Condensed interim statements of financial position 4

3. Condensed interim statements of changes in equity 5-6

4. Condensed interim consolidated statement of cash flows 7

5. Notes to the condensed interim consolidated financial statements 8-21

6. Other information required pursuant to Appendix 7C of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist ("Catalist Rules")

22-28

1. CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Group Unaudited Unaudited Increase/ HY2025 HY2024 (Decrease) Note S$'000 S$'000 %

   Revenue			4	14,210		17,326	(18.0)
   Cost of services				(11,951)		(13,395)	(10.8)
   Gross profit				2,259		3,931	(42.5)
   Other operating income				1,084		1,848	(41.3)
   Reversal/(Provision) of loss allowance				109		(83)	n/m
   for trade receivables, net
   Administrative expenses				(2,791)		(2,509)	11.2
   Other operating expenses				(1,028)		(1,396)	(26.4)
   Finance costs				(168)		(143)	17.5
   (Loss)/Profit before	share	of	6	(535)		1,648	n/m
   results of a joint venture
   Share of results of a joint venture				(53)		(62)	(14.5)
   (Loss)/Profit before income tax				(588)		1,586	n/m
   Income tax expenses			14	-		-	-
   (Loss)/Profit for the period				(588)		1,586	n/m
   Other comprehensive income:
   Items that may be reclassified

   subsequently to profit or loss

   Exchange differences on translation of foreign operation	15		(8)	n/m
   Total comprehensive (loss)/income for the period	(573)		1,578	n/m
   (Loss)/Profit attributable to:
   Owners of the Company	(615)		1,652	n/m
   Non-controlling interests	27		(66)	n/m
   	(588)		1,586	n/m
   Total comprehensive (loss)/profit
   attributable to:
   Owners of the Company	(604)		1,646	n/m
   Non-controlling interests	31		(68)	n/m
   	(573)		1,578	n/m
   (Loss)/Earnings per share 1
   attributable to owners of	the
   Company during the period: Basic2 (SGD in cent)		(0.44)	1.17
   Diluted2 (SGD in cent)		(0.44)	1.17

   n/m: not meaningful

   1 Computed based on (loss)/profit attributable to owners of the Company for the respective financial periods divided by the weighted average number of ordinary shares in issue during the respective financial periods.

   2 As there are no dilutive potential ordinary shares that were outstanding during the respective financial periods, the diluted (loss)/earnings per share is the same as the basic (loss)/earnings per share.

2. CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION Group Company

   ASSETS	Note	Unaudited 30/6/2025 S$'000		Audited 31/12/2024 S$'000		Unaudited 30/6/2025 S$'000		Audited 31/12/2024 S$'000
   Current assets Cash and bank balances		6,323		3,114		26		24
   Trade receivables	12	3,384		4,536		5		*
   Other receivables		1,183		729		23		30
   Contract assets		5,605		4,143		-		-
   Amount due from subsidiaries Inventories		-360		-337		16,843 -		14,532 -
   Total current assets		16,855		12,859		16,897		14,586
   Non-current assets Deposits		237		287		-		-
   Investments in subsidiaries Investment in a joint venture	15	-75		-128		14,356 -		14,628 -
   Club membership		31		31		-		-
   Property, plant and equipment	9	20,049		20,200		-		-
   Total non-current assets		20,392		20,646		14,356		14,628
   Total assets		37,247		33,505		31,253		29,214
   LIABILITIES AND EQUITY Current liabilities Bank loans	10	5,186		3,614		-		-
   Trade payables	13	1,655		1,765		3		3
   Contract liabilities		-		330		-		-
   Other payables		3,772		4,209		73		111
   Amount due to subsidiaries Lease liabilities	16	-136		-140		15,914 -		15,932 -
   Income tax payable		120		171		-		-
   Total current liabilities		10,869		10,229		15,990		16,046
   Non-current liabilities Bank loans	10	5,182		1,444		-		-
   Lease liabilities	16	285		351		-		-
   Deposits		45		42				-
   Total non-current liabilities		5,512		1,837		-		-
   Total liabilities		16,381		12,066		15,990		16,046

   Capital, reserves and non-controlling interests

   Share capital		11	23,698		23,698		23,698		23,698
   Retained earnings			16,070		16,685		(8,435)		(10,530)
   Statutory surplus reserve			442		442		-		-
   Currency translation reserve			(216)		(227)		-		-
   Merger reserve			(18,570)		(18,570)		-		-
   Equity attributable to owners	of		21,424		22,028		15,263		13,168
   the Company
   Non-controlling interests			(558)		(589)		-		-
   Total equity			20,866		21,439		15,263		13,168
   Total liabilities and equity			37,247		33,505		31,253		29,214
   * Amount less than S$1,000.

   
   
   
3. CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY

(Company Registration No. 200410497Z) (Incorporated in the Republic of Singapore)

Group

Balance at 1 January 2025 (audited)

Total comprehensive income for the period:

• (Loss)/Profit for the period

• Other comprehensive income for the period

  Total

  Balance at 30 June 2025 (unaudited)

  Balance at 1 January 2024 (audited)

  Total comprehensive income for the period:

• Profit/(Loss) for the period

• Other comprehensive loss for the period Total

Balance at 30 June 2024 (unaudited)