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 2025These 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.
- Condensed interim consolidated statement of profit or loss and other comprehensive income 1
- Condensed interim statements of financial position 2
- Condensed interim statements of changes in equity 4
- Condensed interim consolidated statement of cash flows 7
- Notes to the condensed consolidated financial statements 9
- Other information required by Listing Rule Appendix 7.2 25
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
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
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 Company30 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 | |
