Back 05 May 2025

Erajaya Digital Pte Ltd Unveils Audited FY2024 Results: A Closer Look at Performance and Key Audit Areas

Link: https://links.sgx.com/1.0.0/corporate-announcements/KY8L3EPI0PGVGQ3T/3d33a2cacb4fdd696a53f9d2d5c544578eecd1cf3c50808d68355819b3168c88

Summary:

  • Erajaya Digital Pte Ltd and its subsidiaries have released their audited consolidated financial statements for the financial year ended December 31, 2024.
  • Independent auditor BDO LLP has provided an opinion stating that the financial statements offer a true and fair view in accordance with the relevant standards.
  • The audit highlighted key matters including the valuation of inventories and the impairment assessment of the Company’s investment in subsidiaries.
  • For FY2024, key consolidated financial figures for the Group included Revenue of approximately $1.04 billion and Total assets of approximately $255 million (with inventories representing 54% of total assets).
  • The report provides details on significant transactions involving subsidiaries and outlines the Group's borrowing arrangements.