Financial Performance - For the fiscal year ending February 28, 2025, CTR Holdings Limited reported total revenue of 206,918 thousand SGD, a 37.6% increase from 150,217 thousand SGD in the previous year[4] - Gross profit for the same period was 24,708 thousand SGD, up 60.5% from 15,413 thousand SGD year-over-year[4] - The company achieved a net profit of 7,766 thousand SGD, representing a significant increase of 189.5% compared to 2,671 thousand SGD in the prior year[4] - The company reported a basic earnings per share of 0.55 SGD for the fiscal year, compared to 0.19 SGD in the previous year, indicating a growth of 189.5%[5] - Expected confirmed revenue amounts for the year ending February 28, 2025, is 243,084 thousand SGD, compared to 128,894 thousand SGD for the year ending February 29, 2024, representing an increase of 88.5%[20] - The pre-tax profit for the year ending February 28, 2025, is 7,766 thousand SGD, significantly higher than 2,671 thousand SGD for the year ending February 29, 2024, reflecting a growth of 189.5%[27] - Net profit for the fiscal year 2024/2025 rose to approximately 7.8 million SGD, an increase of 190.8% from about 2.7 million SGD in the previous year[42] Assets and Liabilities - The total assets of CTR Holdings Limited increased to 127,254 thousand SGD from 98,834 thousand SGD, reflecting a growth of 28.7%[6] - Current assets rose to 101,692 thousand SGD, a 36.9% increase from 74,346 thousand SGD in the previous year[6] - The company's total liabilities increased to 67,053 thousand SGD from 46,488 thousand SGD, marking a rise of 44.3%[7] - The net asset value of the company improved to 60,201 thousand SGD, up 15.5% from 52,346 thousand SGD year-over-year[7] - Trade receivables increased to 26,259 thousand SGD as of February 28, 2025, from 12,109 thousand SGD as of February 29, 2024, marking a rise of 117.2%[28] - Trade payables rose to 47,249 thousand SGD as of February 28, 2025, compared to 28,924 thousand SGD as of February 29, 2024, an increase of 63.2%[30] - The company has a contingent liability of approximately 25,165 thousand SGD as of February 28, 2025, up from 17,059 thousand SGD in the previous year, indicating a rise of 47.8%[31] Revenue Sources - Revenue from structural engineering work amounted to SGD 189,124,000 for the year ending February 28, 2025, compared to SGD 126,333,000 for the previous year, indicating a growth of about 49.7%[18] - The company reported that major customers contributing over 10% of total revenue included Customer A with SGD 41,730,000 and Customer B with SGD 24,732,000 for the year ending February 28, 2025[15] - The company’s major customers for the year ending February 28, 2025, included Customer C with SGD 37,639,000 and Customer D with SGD 28,790,000, both contributing significantly to overall revenue[15] - Total revenue from customer contracts for the year ending February 28, 2025, is 1,444 thousand SGD, slightly down from 1,466 thousand SGD for the year ending February 29, 2024, indicating a decrease of 1.5%[22] Operational Insights - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[3] - CTR Holdings Limited is focusing on enhancing its operational efficiency and exploring potential mergers and acquisitions to strengthen its market position[3] - The company operates entirely in Singapore, with all non-current assets located in the same region[16] - The company focuses on providing structural engineering and civil engineering services, with no independent financial data available for separate operating segments[14] - The company’s total revenue is generated from its core business activities, with no significant impact from newly adopted accounting standards expected in the foreseeable future[13] - The group completed 15 and 13 projects in 2025 and 2024, respectively, with a total contract value of approximately 524 million SGD, of which about 271 million SGD has been recognized as revenue[33] - The total construction demand in Singapore is projected to be between 47 billion SGD and 53 billion SGD in 2025, with an average annual demand of 39 billion SGD to 46 billion SGD from 2026 to 2029[34] Cost and Expenses - The company’s construction costs for the year ending February 28, 2025, amounted to 182,210 thousand SGD, compared to 134,804 thousand SGD for the year ending February 29, 2024, reflecting an increase of 35.2%[23] - Construction costs rose from approximately 134.8 million SGD in the fiscal year 2023/2024 to about 182.2 million SGD in the fiscal year 2024/2025, an increase of 35.2%[36] - Administrative expenses increased from approximately 13.6 million SGD to about 16.2 million SGD, a rise of 19.2% attributed to increased employee benefits[39] - The total employee cost for the fiscal year 2024/2025 is approximately 24.0 million SGD, compared to 23.7 million SGD in the previous year[54] Financial Management - The group maintained a negative debt-to-equity ratio as of February 28, 2025, due to substantial cash and cash equivalents[45] - The group maintains a prudent financial management policy and sufficient working capital to support business operations and shareholder value expansion[46] - The group has no future plans for significant investments or capital assets as of February 28, 2025[48] - The group faces minimal foreign exchange risk, with only 0.1% of cash and cash equivalents held in Hong Kong dollars for compliance expenses[49] - Capital expenditures for the fiscal year 2024/2025 are approximately 0.3 million SGD, down from 0.9 million SGD in the previous year[53] Dividends and Shareholder Information - The company did not declare or recommend any dividends for the years ending February 28, 2025, and February 29, 2024[26] - The board has decided not to recommend a final dividend for the fiscal year 2024/2025[56] - The company has maintained sufficient public float of its shares since the listing date[59] Audit and Compliance - The audit committee has reviewed the financial performance for the year ending February 28, 2025, and found no disagreements with management or auditors[64] - The preliminary announcement of the consolidated financial statements for the year ending February 28, 2025, is consistent with the group's financial reports[65] - No significant events occurred after February 28, 2025, up to the announcement date[58] Upcoming Events - The annual general meeting is scheduled for August 28, 2025, with notifications to be published on the Hong Kong Stock Exchange website and the company's website[66] - Share transfer registration will be suspended from August 25, 2025, to August 28, 2025, to ensure voting rights at the annual general meeting[67] - The annual results announcement will be published on the Hong Kong Stock Exchange website and the company's website at an appropriate time[68]
CTR HOLDINGS(01416) - 2025 - 年度业绩