Link: https://links.sgx.com/1.0.0/corporate-announcements/E0ALTC0FW6F41OZG/1ffbd6e85ab61ba352f2fd31e6e1e1a73e6f1a207ad877cf0f9b7980bb0d5f71

Summary:

• Group trustee revenue rose 17.5% year-on-year to $1.86 million due to increased marketing; net loss after tax reduced to $1.54 million from $1.77 million the previous year.

• No final dividend declared as the company is in a development phase focusing on growth and revitalizing the trust division.

• British and Malayan Trustees Limited (BMT), the main subsidiary, continues to offer bespoke trust, estate, and real estate administration services for families, corporates, and high-net worth clients globally, with emphasis on compliance, governance, and client data security.

• Sustainability initiatives include first-year climate disclosure under IFRS, strong compliance culture, internal controls, anti-corruption policies, and a focus on responsible data management.

• Key management changes noted: Mr. Nagaraj Sivaram retires as Director; Mrs. Elizabeth Hart and Mr. Teo Shih Yee re-elected to the Board; planned director fee increase to S$168,000 for FY2026.

• The associate company PreceptsGroup International continues to drive growth through digital estate planning and professional training in wealth succession.

• The Group’s outlook centers on expanding its domestic and international trust business, leveraging sector reputation and new partnerships, while strengthening its ESG framework and compliance with evolving standards.