Polaris 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	25.32	23.5	22.12	27.28	53.44
Revenue Growth (YoY)	7.75%	6.24%	-18.92%	-48.95%	62.97%
Cost of Revenue	22.1	20.41	19.73	24.28	42.01
Gross Profit	3.23	3.09	2.39	3	11.43
Selling, General & Admin	4.71	4.67	4.51	4.39	11.26
Other Operating Expenses	0.26	0.54	0.33	0.4	0.85
Operating Expenses	4.97	5.2	4.84	4.79	12.11
Operating Income	-1.74	-2.11	-2.45	-1.79	-0.68
Interest Expense	-0.11	-0.09	-0.07	-0.09	-0.4
Currency Exchange Gain (Loss)	-0.16	0.11	-0.08	-0	-0.1
Other Non Operating Income (Expenses)	-0.62	0.17	0.28	0.31	0.68
EBT Excluding Unusual Items	-2.63	-1.93	-2.32	-1.58	-0.5
Impairment of Goodwill	-	-0.17	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-3.45	-
Gain (Loss) on Sale of Assets	1.18	-	-	-	-
Other Unusual Items	-	-	-	0.02	0.25
Pretax Income	-1.45	-2.1	-2.32	-5.01	-0.25
Income Tax Expense	-0.01	-0.03	-0.02	-	0.13
Earnings From Continuing Operations	-1.44	-2.07	-2.3	-5.01	-0.38
Net Income to Company	-1.44	-2.07	-2.3	-5.01	-0.38
Minority Interest in Earnings	0.39	0.19	0.31	0.96	-0.01
Net Income	-1.05	-1.88	-2	-4.05	-0.39
Net Income to Common	-1.05	-1.88	-2	-4.05	-0.39
Shares Outstanding (Basic)	17,053	17,053	17,053	17,053	17,053
Shares Outstanding (Diluted)	17,053	17,053	17,053	17,053	17,053
EPS (Basic)	-0.00	-0.00	-0.00	-0.00	-0.00
EPS (Diluted)	-0.00	-0.00	-0.00	-0.00	-0.00
Free Cash Flow	-1.45	-1.14	-3.17	0.24	-3.05
Gross Margin	12.74%	13.15%	10.81%	11.00%	21.39%
Operating Margin	-6.87%	-8.99%	-11.07%	-6.56%	-1.27%
Profit Margin	-4.16%	-8.01%	-9.02%	-14.84%	-0.74%
Free Cash Flow Margin	-5.73%	-4.84%	-14.34%	0.89%	-5.70%
EBITDA	-1.5	-1.68	-2.21	-1.46	-0.32
EBITDA Margin	-5.90%	-7.16%	-10.01%	-5.36%	-0.60%
D&A For EBITDA	0.25	0.43	0.24	0.33	0.36
EBIT	-1.74	-2.11	-2.45	-1.79	-0.68
EBIT Margin	-6.87%	-8.99%	-11.07%	-6.56%	-1.27%

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