APAC Realty Income Statement

Financials in millions SGD. Fiscal year is January - December.

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	672.66	558.03	554.49	700.36	735.37
Other Revenue	2.53	2.26	2.15	3.23	3.42
Revenue	675.2	560.29	556.65	703.59	738.79
Revenue Growth (YoY)	20.51%	0.65%	-20.89%	-4.76%	88.17%
Cost of Revenue	605.66	512.13	503.21	632.44	665.37
Gross Profit	69.54	48.16	53.44	71.15	73.42
Selling, General & Admin	26.51	23.34	25.82	22.44	18.86
Amortization of Goodwill & Intangibles	1.15	1.16	1.08	0.94	0.93
Other Operating Expenses	7.31	5.03	5.27	4.37	2.21
Operating Expenses	43.13	38.07	37.95	34.84	29.65
Operating Income	26.41	10.09	15.49	36.31	43.77
Interest Expense	-1.32	-1.94	-2.13	-0.98	-0.77
Interest & Investment Income	0.4	0.5	0.32	0.5	0.52
Earnings From Equity Investments	-0.06	0.11	-	0.12	-0.4
Currency Exchange Gain (Loss)	-0.04	0.1	-0.18	-0.26	0.19
EBT Excluding Unusual Items	25.39	8.86	13.51	35.68	43.31
Impairment of Goodwill	-	-	-5.18	-	-0.13
Gain (Loss) on Sale of Investments	-	-	5.23	0.34	-0.75
Gain (Loss) on Sale of Assets	0	-0.04	-0	-0.17	-0.09
Other Unusual Items	-	-	-	-2.97	0.28
Pretax Income	25.39	8.82	13.56	32.88	42.62
Income Tax Expense	4.92	2.31	2.96	6.45	7.33
Earnings From Continuing Operations	20.48	6.52	10.6	26.43	35.29
Minority Interest in Earnings	0.08	0.69	1.17	0.12	0.1
Net Income	20.55	7.21	11.78	26.56	35.39
Net Income to Common	20.55	7.21	11.78	26.56	35.39
Net Income Growth	184.94%	-38.75%	-55.66%	-24.96%	115.29%
Shares Outstanding (Basic)	378	428	426	426	426
Shares Outstanding (Diluted)	390	442	433	426	426
Shares Change (YoY)	-11.74%	2.09%	1.67%	-	-
EPS (Basic)	0.05	0.02	0.03	0.06	0.08
EPS (Diluted)	0.05	0.02	0.03	0.06	0.08
EPS Growth	222.70%	-40.07%	-56.34%	-24.96%	115.29%
Free Cash Flow	29.95	8.43	15.96	32.79	53.78
Free Cash Flow Per Share	0.08	0.02	0.04	0.08	0.13
Dividend Per Share	0.041	0.018	0.021	0.052	0.063
Dividend Growth	131.43%	-15.87%	-60.08%	-16.64%	200.48%
Gross Margin	10.30%	8.60%	9.60%	10.11%	9.94%
Operating Margin	3.91%	1.80%	2.78%	5.16%	5.92%
Profit Margin	3.04%	1.29%	2.11%	3.77%	4.79%
Free Cash Flow Margin	4.44%	1.50%	2.87%	4.66%	7.28%
EBITDA	30.36	14.05	19.32	39.69	46.76
EBITDA Margin	4.50%	2.51%	3.47%	5.64%	6.33%
D&A For EBITDA	3.94	3.97	3.82	3.39	3
EBIT	26.41	10.09	15.49	36.31	43.77
EBIT Margin	3.91%	1.80%	2.78%	5.16%	5.92%
Effective Tax Rate	19.37%	26.13%	21.84%	19.61%	17.19%
Revenue as Reported	675.62	561.02	557.25	705.01	739.75

Source: S&P Global Market Intelligence. Standard template. Financial Sources.