UNI-ASIA GROUP LIMITED
Company Registration No: 201701284Z Incorporated in the Republic of Singapore
UNI-ASIA GROUP LIMITED AND ITS SUBSIDIARIES UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2025 Contents Unaudited Condensed Interim Consolidated Financial StatementsCondensed Interim Consolidated Statement of Profit or Loss 1
Condensed Interim Consolidated Statement of Comprehensive Income 2
Condensed Interim Statements of Financial Positions 3
Condensed Interim Consolidated Statement of Changes in Equity 5
Condensed Interim Statement of Changes in Equity 6
Condensed Interim Consolidated Statement of Cash Flows 7
Notes To The Condensed Interim Consolidated Financial Statements 9
Other Information Required by Listing Rule Appendix 7.2 29
Condensed Interim Consolidated Statement of Profit or Loss
For The Six Months Ended 30 June 2025
Note | The Group 6 months ended 30 June | % Change | ||
2025 US$'000 | 2024 US$'000 | |||
Charter income | 10 10 11 12 | 11,902 | 15,970 | (25%) |
Fee income | 2,038 | 1,881 | 8% | |
Sale of properties under development | - | 4,881 | (100%) | |
Investment returns | 2,623 | (12,312) | N/M | |
Interest income | 582 | 597 | (2%) | |
Other income | 1,006 | 147 | N/M | |
Total income | 18,151 | 11,164 | 63% | |
Employee benefits expenses | (3,327) | (3,023) | 10% | |
Depreciation of property, plant and equipment | (4,103) | (4,628) | (11%) | |
Depreciation of right-of-use assets | (266) | (286) | (7%) | |
Vessel operating expenses | (6,784) | (7,338) | (8%) | |
Costs of properties under development sold | - | (4,359) | (100%) | |
Gain on disposal/(write-off) of asset held for sale | 109 | (89) | N/M | |
Net foreign exchange (loss)/gain | (82) | 179 | (146%) | |
Other expenses | (1,709) | (1,411) | 21% | |
Total operating expenses | (16,162) | (20,955) | (23%) | |
Operating profit/(loss) | 1,989 | (9,791) | N/M | |
Finance costs - interest expense | (1,249) | (1,669) | (25%) | |
Finance costs - lease interest | (39) | (3) | N/M | |
Finance costs - others | (35) | (117) | (70%) | |
Share of results of associates | 6 | 6 | 0% | |
Allocation to Tokumei Kumiai1 investors | (2) | 16 | (113%) | |
Profit/(loss) before tax | 670 | (11,558) | N/M | |
Income tax expense | (51) | (165) | (69%) | |
Profit/(loss) for the period | 619 | (11,723) | N/M | |
Profit/(loss) for the period attributable to: Owners of the parent | 911 | (11,763) | N/M | |
Non-controlling interests | (292) | 40 | N/M | |
619 | (11,723) | N/M | ||
1 Tokumei Kumiai ("TK") refers to a form of silent partnership structure used in Japan. Allocation to TK investors refers to share of profit and loss attributable to other TK investors of the TK structure.
Condensed Interim Consolidated Statement of Comprehensive Income
For The Six Months Ended 30 June 2025
Note | The Group 6 months ended 30 June | % Change | ||
2025 US$'000 | 2024 US$'000 | |||
Profit/(loss) for the period Other comprehensive income for the period, net of tax: Items that may be reclassified subsequently to profit or loss: Exchange differences on translation of foreign operations Other comprehensive income for the period, net of tax Total comprehensive income for the period Total comprehensive income for the period attributable to: Owners of the parent Non-controlling interests | 619 | (11,723) | N/M | |
1,535 | (2,425) | N/M | ||
1,535 | (2,425) | N/M | ||
2,154 | (14,148) | N/M | ||
2,438 (284) | (14,175) 27 | N/M N/M | ||
2,154 | (14,148) | N/M | ||
N/M: Not meaningful
Condensed Interim Statements of Financial Positions
As At 30 June 2025
Note | The Group | The Company | |||
30 June 2025 US$'000 | 31 December 2024 US$'000 | 30 June 2025 US$'000 | 31 December 2024 US$'000 | ||
ASSETS | 5 17 6 17 7 | ||||
Non-current assets | |||||
Investment properties | 8,465 | 7,874 | - | - | |
Investments | 4,141 | 4,203 | - | - | |
Investment in subsidiary | - | - | 113,022 | 113,022 | |
Investment in associates | 162 | 119 | - | - | |
Property, plant and equipment | 104,033 | 83,545 | - | - | |
Right-of-use assets | 1,083 | 1,336 | 401 | 484 | |
Rental deposits | 182 | 152 | - | - | |
Deferred tax assets | 198 | 205 | - | - | |
Deposit for purchase of vessel | 2,086 | - | - | - | |
Total non-current assets | 120,350 | 97,434 | 113,423 | 113,506 | |
Current assets | |||||
Investments | 5,438 | 4,125 | - | - | |
Properties under development for | |||||
sale | 15,239 | 2,728 | - | - | |
Accounts receivables | 463 | 508 | - | - | |
Amounts due from subsidiary | - | - | 2,272 | 2,827 | |
Prepayments, deposits and | |||||
other receivables | 4,419 | 4,787 | 63 | 100 | |
Tax recoverable | 4 | 328 | - | - | |
Asset held for sale | - | 10,476 | - | - | |
Cash and bank balances | 38,415 | 45,523 | 376 | 168 | |
Total current assets | 63,978 | 68,475 | 2,711 | 3,095 | |
Total assets | 184,328 | 165,909 | 116,134 | 116,601 | |