Keong Hong Holdings LimitedSGX: 5TT

Condensed Unaudited Financial Statements for the Three Months and Full Year Ended 30 September 2025

· Issued by Keong Hong Holdings Limited


KEONG HONG HOLDINGS LIMITED

(Incorporated in the Republic of Singapore) (Company Registration No.: 200807303W)

CONDENSED UNAUDITED FINANCIAL STATEMENTS FOR THE THREE MONTHS AND FULL YEAR ENDED 30 SEPTEMBER 2025

These condensed interim financial statements are issued pursuant to the requirement of the Singapore Exchange Securities Trading Limited ("SGX-ST") under Rule 705(2C) of the Listing Manual of the SGX-ST in view of the qualified opinion on the Company's audited financial statements for the financial year ended 30 September 2024.

TABLE OF CONTENTS
  1. Condensed interim consolidated statement of profit or loss and other comprehensive income 1
  2. Condensed interim statements of financial position 2
  3. Condensed interim statements of changes in equity 4
  4. Condensed interim consolidated statement of cash flows 7
  5. Notes to the condensed consolidated financial statements 9
  6. Other information required by Listing Rule Appendix 7.2 25
  1. CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

    Three

    months ended 30 September

    Three

    months ended 30 September

    Change

    Full

    year ended 30 September

    Full

    year ended 30 September

    Change

    2025

    2024

    2025

    2024

    Note

    S$'000

    S$'000

    %

    S$'000

    S$'000

    %

    4

    25,586

    47,992

    (46.7)

    182,368

    172,597

    5.7

    (24,402)

    (51,756)

    (52.9)

    (169,069)

    (178,025)

    (5.0)

    1,184

    (3,764)

    n.m.

    13,299

    (5,428)

    n.m.

    3,797

    2,231

    70.2

    13,135

    8,739

    50.3

    (1,838)

    (8,553)

    (78.5)

    (9,799)

    (18,310)

    (46.5)

    -

    (284)

    n.m.

    -

    438

    n.m.

    (17)

    360

    n.m.

    647

    283

    >100

    3,600

    (4,000)

    n.m.

    3,600

    (4,000)

    n.m.

    666

    (187)

    n.m.

    666

    (187)

    n.m.

    -

    27,285

    n.m.

    -

    27,285

    n.m.

    (356)

    (445)

    (20.0)

    (1,582)

    (2,138)

    (26.0)

    18

    48

    (62.5)

    85

    44

    93.2

    (2,618)

    (4,829)

    (45.8)

    (9,897)

    (10,642)

    (7.0)

    6

    4,436

    7,862

    (43.6)

    10,154

    (3,916)

    n.m.

    7

    -

    -

    n.m.

    -

    -

    n.m.

    4,436

    7,862

    (43.6)

    10,154

    (3,916)

    n.m.

    The Group

    Revenue Cost of sales

    Gross profit/(loss)

    Other income

    Administrative expenses Reversal/(provision) of loss allowance on financial assets

    • Trade and other receivables

    • Contract assets

    • Long-term interest

    • Financial guarantee contracts Impairment reversed/(loss) on investment of an associate

    Finance costs

    Share of results of joint ventures, net of tax

    Share of results of associates, net of tax

    Profit/(Loss) before income tax Income tax expense Profit/(Loss) for the period/year Other comprehensive income/(loss):

    Items that may be reclassified subsequently to profit or loss:

    Exchange difference on translating

    foreign operations (636) 3,152 n.m. (307) 3,248 n.m.

    Items that may not be reclassified subsequently to profit or loss:

    Fair value (loss)/gain on financial

    assets at FVOCI 60

    (255)

    n.m.

    (120)

    (90)

    33.3

    Other comprehensive income/(loss) for

    the period/year, net of tax (576)

    2,897

    n.m.

    (427)

    3,158

    n.m.

    Total comprehensive

    income/(loss) for the period/year 3,860

    10,759

    (64.1)

    9,727

    (758)

    n.m.

    Profit/(Loss) attributable to:

    Owners of the company 4,436

    7,862

    (43.6)

    10,154

    (3,916)

    n.m.

    Total comprehensive

    income/(loss) attributable to:

    Owners of the company

    3,860

    10,759

    (64.1)

    9,727

    (758)

    n.m.

    Earnings/(Loss) per share (cents)

    9

    1.89

    3.35

    4.32

    (1.67)

    9

    1.89

    3.35

    4.32

    (1.67)

    • Basic

    • Diluted

  2. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

The Group The Company

30

September

30

September

30

September

30

September

2025

2024

2025

2024

Note

S$'000

S$'000

S$'000

S$'000

Non-current assets

Property, plant and equipment

11

9,514

11,218

-

-

Right-of-use assets

3,718

4,391

-

-

Investments in subsidiaries

-

-

21,139

21,139

Investments in associates

20,899

26,480

7,123

7,123

Investments in joint ventures

4,507

4,453

-

-

Intangible assets

12

-

43

-

-

Financial assets at FVTOCI

13

2,265

2,385

2,265

2,385

Trade and other receivables

6,500

-

-

-

Deferred tax assets

28

28

-

-

Total non-current assets

47,431

48,998

30,527

30,647

Current assets

Trade and other receivables

64,158

60,434

30,916

29,998

Contract assets

33,167

28,754

-

-

Prepayments

141

173

11

18

Fixed deposits

10,383

2,964

-

1,505

Cash and bank balances

22,468

18,811

447

214

130,317

111,136

31,374

31,735

Non-current assets classified as held for sale

-

34,117

-

-

Total current assets

130,317

145,253

31,374

31,735

Total assets

177,748

194,251

61,901

62,382

Equity

Share capital

14

25,048

25,048

25,048

25,048

Treasury shares

14

(3,303)

(3,303)

(3,303)

(3,303)

Share option reserve

2,041

2,041

2,041

2,041

Foreign currency translation reserve

3,144

3,451

-

-

Merger reserve

(4,794)

(4,794)

-

-

Fair value reserve

(4,560)

28,102

(4,560)

(4,440)

Other reserve

1,125

1,125

-

-

Retained earnings

41,527

(1,169)

28,902

28,654

Total equity

60,228

50,501

48,128

48,000

Non-current liabilities

Trade and other payables

15

17,600

17,636

12,750

12,750

Bank borrowings

16

3,470

4,353

-

-

Lease liabilities

3,659

4,120

-

-

Provisions

253

512

-

-

Deferred tax liabilities

1

1

-

-

Total non-current liabilities

24,983

26,622

12,750

12,750

B. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (continued)

The Group The Company

30

September

30

September

30

September

30

September

2025

2024

2025

2024

Current liabilities

Note

S$'000

S$'000

S$'000

S$'000

Contract liabilities

16,195

16,244

-

-

Trade and other payables

61,446

79,462

1,023

1,632

Bank borrowings

16

9,729

9,855

-

-

Lease liabilities

447

635

-

-

Provisions

2,878

9,106

-

-

Current income tax payable

1,842

1,826

-

-

Total current liabilities

92,537

117,128

1,023

1,632

Total liabilities

117,520

143,750

13,773

14,382

Total equity and liabilities

177,748

194,251

61,901

62,382

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