Alset International 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
Revenue	0.27	22.43	24.42	3	25.74
Revenue Growth (YoY)	-98.80%	-8.14%	714.95%	-88.36%	2.78%
Cost of Revenue	0.09	22.43	15.37	-1.28	13.74
Gross Profit	0.18	0	9.04	4.28	12
Selling, General & Admin	11.94	7.26	5.83	7.92	10.54
Other Operating Expenses	-2.91	14.27	-1.17	4.72	1.94
Operating Expenses	9.16	21.81	4.66	12.64	13
Operating Income	-8.98	-21.8	4.38	-8.36	-1
Interest Expense	-0.02	-0.02	-0.02	-0.01	-0.08
Interest & Investment Income	2.46	2.33	2.55	0.47	0.2
Earnings From Equity Investments	0.87	0.21	0.59	-0.67	-
Currency Exchange Gain (Loss)	-3.26	2.4	-0.99	-1.14	1.31
Other Non Operating Income (Expenses)	-0.3	-	-	-	-
EBT Excluding Unusual Items	-9.23	-16.88	6.51	-9.72	0.43
Gain (Loss) on Sale of Investments	-8.88	1.23	-9.52	-30.66	-54.88
Gain (Loss) on Sale of Assets	-	-0.02	-	-	-
Other Unusual Items	-	-	-	0.09	-
Pretax Income	-18.11	-15.67	-3.01	-40.29	-54.45
Income Tax Expense	0.32	-0.01	0.01	0.39	0.55
Earnings From Continuing Operations	-18.43	-15.66	-3.02	-40.67	-55
Earnings From Discontinued Operations	-	-1.59	-1.55	-5.73	6.06
Net Income to Company	-18.43	-17.25	-4.57	-46.41	-48.94
Minority Interest in Earnings	0.02	0.04	0.01	0.01	-0.3
Net Income	-18.41	-17.21	-4.57	-46.4	-49.24
Net Income to Common	-18.41	-17.21	-4.57	-46.4	-49.24
Shares Outstanding (Basic)	3,493	3,493	3,493	3,493	2,666
Shares Outstanding (Diluted)	3,493	3,493	3,493	3,493	2,666
Shares Change (YoY)	-	-	-	30.99%	96.60%
EPS (Basic)	-0.01	-0.00	-0.00	-0.01	-0.02
EPS (Diluted)	-0.01	-0.00	-0.00	-0.01	-0.02
Free Cash Flow	5.62	15.12	19.58	-26.01	-2.88
Free Cash Flow Per Share	0.00	0.00	0.01	-0.01	-0.00
Gross Margin	67.66%	0.01%	37.03%	142.86%	46.62%
Operating Margin	-3337.92%	-97.21%	17.95%	-279.00%	-3.90%
Profit Margin	-6842.01%	-76.73%	-18.70%	-1548.77%	-191.29%
Free Cash Flow Margin	2089.96%	67.40%	80.19%	-868.06%	-11.17%
EBITDA	-8.87	-21.64	4.61	-8.21	-0.95
EBITDA Margin	-	-96.47%	18.89%	-274.03%	-3.70%
D&A For EBITDA	0.11	0.17	0.23	0.15	0.05
EBIT	-8.98	-21.8	4.38	-8.36	-1
EBIT Margin	-	-97.21%	17.95%	-279.00%	-3.90%

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