Link: https://links.sgx.com/1.0.0/corporate-announcements/55T3EWJSMNH4ZDHW/2c9f4f6427caec7858cb2a15a5d50327fe569ea05a7ebb3ce1759b5454320cbe

Summary:

• Variances mainly reflect reclassification adjustments with no change in net loss for FY2025. Onerous contract losses moved from administrative expenses to cost of sales; net impairment losses and finance costs shifted into administrative expenses.

• Contract assets of $2.16 million reclassified to other receivables after completion of contractual obligations; $1.79 million contract liabilities now separately disclosed instead of within other payables.

• Trade payables increased by $0.65 million, offset by a decrease in other payables; $0.65 million reclassified from other payables.

• Significant cash flow reclassifications: increase in restricted bank balances moved from investing to operating activities, and interest received recognized under other receivables and contract assets.

• These updates enhance disclosure accuracy and transparency; shareholders advised to refer to the full audited annual report soon to be released.