Income Statement Global Resource Construction Ltd.

Stocks

S3N

SGXPG02D6ZP7

Real Estate Development & Operations

Market Closed - Singapore S.E. 05:04:34 2026-09-17 EDT			5-day change	1st Jan Change
0.1000 ^SGD	-0.99%		-4.76%	+3.09%

08-14	Global Resource Construction Ltd. Decides Not to Declare Dividend for the Period Ended June 30, 2026	CI
08-14	Global Resource Construction Ltd. Reports Earnings Results for the Half Year Ended June 30, 2026	CI

7e8d9e31646.Ci7wHP7pIcjc4TizGMYlR0_UgrQ8hy8BKBq1_-dO4Q8.J0PdRbGMGPq61F3wKrZRCw3s14ZsyUJLbUPzqZR2lkw9f4l0zIhb5bTYfQ

Published financial data: GLOBAL RESOURCE CONSTRUCTION LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (SGD)	2022 (SGD)	2023 (SGD)	2024 (SGD)
Revenues	411M	628M	521M	562M
Total Revenues	411M	628M	521M	562M
Cost of Goods Sold, Total	392M	586M	521M	508M
Gross Profit	19.25M	41.86M	112K	53.57M
Selling General & Admin Expenses, Total	25.5M	28.81M	34.34M	38.39M
Provision for Bad Debts	137K	-	1.14M	-
Other Operating Expenses, Total	25.64M	28.81M	35.48M	38.39M
Operating Income	-6.39M	13.05M	-35.37M	15.17M
Interest Expense, Total	-1.32M	-2.33M	-2.95M	-1.63M
Interest And Investment Income	1.48M	2.02M	3.65M	1.36M
Net Interest Expenses	158K	-312K	697K	-267K
Income (Loss) On Equity Invest.	-143K	-110K	-	-
Currency Exchange Gains (Loss)	-271K	-360K	131K	-33K
Other Non Operating Income (Expenses)	6.61M	6M	1.62M	3.51M
EBT, Excl. Unusual Items	-33K	18.27M	-32.92M	18.38M
Impairment of Goodwill	-	-	-222K	-
Gain (Loss) On Sale Of Investments	-	-	-78K	-
Gain (Loss) On Sale Of Assets	152K	195K	436K	592K
Asset Writedown	600K	-	-	-1.24M
EBT, Incl. Unusual Items	719K	18.46M	-32.79M	17.74M
Income Tax Expense	-489K	2.16M	-4.68M	5.58M
Earnings From Continuing Operations	1.21M	16.3M	-28.11M	12.16M
Net Income to Company	1.21M	16.3M	-28.11M	12.16M
Minority Interest	44K	-	320K	52K
Net Income - (IS)	1.25M	16.3M	-27.79M	12.21M
Net Income to Common Incl Extra Items	1.25M	16.3M	-27.79M	12.21M
Net Income to Common Excl. Extra Items	1.25M	16.3M	-27.79M	12.21M
Supplemental Items
EBITDA	4.06M	20.84M	-26.53M	22.85M
EBITA	-1.99M	16.09M	-33.48M	15.21M
EBIT	-6.39M	13.05M	-35.37M	15.17M
EBITDAR	-	-	-25.82M	24.78M
Effective Tax Rate - (Ratio)	-68.01	11.71	14.28	31.44
Total Current Taxes	1.09M	4.52M	-	-
Total Deferred Taxes	-1.58M	-2.36M	-	-
Normalized Net Income	23.38K	11.42M	-20.26M	11.54M
Interest on Long-Term Debt	7K	7K	-	-
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	119K	13K	26K
General and Administrative Expenses	25.5M	28.69M	34.33M	38.37M
Net Rental Expense, Total	-	-	707K	1.93M
Imputed Operating Lease Interest Expense	-	-	-	795K
Imputed Operating Lease Depreciation	-	-	-	1.13M

Fiscal Period: December	2021 (SGD)	2022 (SGD)	2023 (SGD)	2024 (SGD)
Assets
Cash And Equivalents	89.47M	79.64M	85.89M	79.47M
Short Term Investments	1.89M	1.3M	-	-
Total Cash And Short Term Investments	91.36M	80.94M	85.89M	79.47M
Accounts Receivable, Total	137M	170M	196M	196M
Other Receivables	10.3M	14.1M	614K	404K
Notes Receivable	48.25M	52.95M	-	-
Total Receivables	195M	237M	197M	197M
Inventory	4.12M	2.37M	4.04M	6.44M
Prepaid Expenses	4.07M	3.86M	3.06M	2.45M
Other Current Assets, Total	3.32M	995K	-	822K
Total Current Assets	298M	325M	290M	286M
Gross Property Plant And Equipment	81.83M	80.99M	88.84M	100M
Accumulated Depreciation	-37.09M	-37.72M	-34.02M	-43.63M
Net Property Plant And Equipment	44.74M	43.28M	54.82M	56.36M
Long-term Investments	110K	-	-	-
Goodwill	10.43M	10.43M	10.43M	10.43M
Other Intangibles, Total	4.78M	1.73M	375K	0
Accounts Receivable Long-Term	-	-	482K	482K
Deferred Tax Assets Long-Term	4.56M	5.8M	10.66M	7.28M
Total Assets	363M	386M	367M	360M
Liabilities
Accounts Payable, Total	74.88M	85.5M	108M	106M
Current Portion of Long-Term Debt	5.08M	6.83M	27.46M	24.8M
Current Income Taxes Payable	496K	3.66M	-	2.04M
Unearned Revenue Current, Total	36.2M	34.44M	38.46M	49.54M
Other Current Liabilities	72.83M	68.76M	84.14M	62.33M
Total Current Liabilities	189M	199M	258M	245M
Long-Term Debt	26.27M	19.47M	10.88M	-
Deferred Tax Liability Non Current	897K	380K	-	409K
Other Non Current Liabilities	63.02M	68.32M	27.78M	31.61M
Total Liabilities	280M	287M	296M	277M
Common Stock, Total	101M	101M	127M	127M
Retained Earnings	-35.23M	-18.93M	-73.39M	-61.18M
Comprehensive Income and Other	17.96M	17.51M	17.05M	17.73M
Total Common Equity	83.28M	99.13M	70.88M	83.77M
Minority Interest	-	-	-449K	-189K
Total Equity	83.28M	99.13M	70.43M	83.58M
Total Liabilities And Equity	363M	386M	367M	360M
Supplemental Items
Tangible Book Value	68.08M	86.97M	60.07M	73.34M
Total Debt	31.35M	26.3M	38.34M	24.8M
Net Debt	-60.01M	-54.64M	-47.55M	-54.67M
Debt Equivalent Oper. Leases	-	-	5.66M	15.42M
Minority Interest, Total (Incl. Fin. Div)	-	-	-449K	-189K
Equity Method Investments, Total	110K	-	-	-
Account Code - Inventory Valuation	-	-	-	3
Inventories - Raw Materials, Total	1.05M	717K	-	-
Inventories - Finished Goods, Total	3.07M	1.65M	-	-
Land - (BS)	39.52M	39.37M	2.42M	2.56M
Buildings, Total	12.77M	12.92M	-	-
Machinery, Total	28.78M	28.71M	-	-

Fiscal Period: December	2021 (SGD)	2022 (SGD)	2023 (SGD)	2024 (SGD)
Net Income	1.25M	16.3M	-27.79M	12.21M
Depreciation & Amortization - CF	8.35M	7.2M	6.95M	12.24M
Amortization of Goodwill and Intangible Assets - (CF)	4.4M	3.05M	1.89M	38K
Depreciation & Amortization, Total	12.74M	10.25M	8.84M	12.28M
(Gain) Loss From Sale Of Asset	-152K	-195K	-436K	-592K
Asset Writedown & Restructuring Costs	3.28M	1.77M	-9.33M	1.24M
(Income) Loss On Equity Investments - (CF)	143K	110K	78K	-
Provision and Write-off of Bad Debts	137K	-	1.14M	837K
Other Operating Activities, Total	1.27M	13.27M	34.88M	7.63M
Change In Accounts Receivable	-60.06M	-31.63M	48.74M	-23.32M
Change In Inventories	-2.35M	1.61M	-1.6M	-2.14M
Change In Accounts Payable	42.4M	7.93M	-31.78M	33.93M
Change in Other Net Operating Assets	-13.35M	-20.29M	-20.53M	-23.1M
Cash from Operations	-14.69M	-881K	2.22M	18.97M
Capital Expenditure	-5.16M	-5.87M	-12.45M	-11.69M
Sale of Property, Plant, and Equipment	424K	209K	696K	1.17M
Cash Acquisitions	-	-	6.86M	-
Sale (Purchase) of Intangible assets	-	-	-385K	-
Cash from Investing	-4.74M	-5.66M	-5.28M	-10.52M
Long-Term Debt Issued, Total	-	-	18.88M	-
Total Debt Issued	-	-	18.88M	-
Long-Term Debt Repaid, Total	-2.24M	-5.53M	-8.04M	-16.93M
Total Debt Repaid	-2.24M	-5.53M	-8.04M	-16.93M
Other Financing Activities, Total	3.41M	2.3M	-1.45M	2.25M
Cash from Financing	1.16M	-3.23M	9.4M	-14.68M
Foreign Exchange Rate Adjustments	-10K	-63K	-93K	-185K
Net Change in Cash	-18.27M	-9.83M	6.24M	-6.42M
Supplemental Items
Cash Interest Paid	530K	2.5M	3.8M	1.3M
Cash Income Tax Paid (Refund)	2.78M	2.44M	2.02M	-470K
Levered Free Cash Flow	-	-18.3M	-	-3.44M
Unlevered Free Cash Flow	-	-16.85M	-	-2.42M
Change In Net Working Capital	-	29.38M	-	12.48M
Net Debt Issued / Repaid	-2.24M	-5.53M	10.84M	-16.93M

Fiscal Period: December	2021 (SGD)	2022 (SGD)	2023 (SGD)	2024 (SGD)
Profitability
Return on Assets	-	2.18	-	2.61
Return on Total Capital	-	6.79	-	8.73
Return On Equity %	-	17.87	-	15.79
Return on Common Equity	-	17.87	-	15.8
Margin Analysis
Gross Profit Margin %	4.68	6.67	0.02	9.53
SG&A Margin	6.2	4.59	6.59	6.83
EBITDA Margin %	0.99	3.32	-5.09	4.07
EBITA Margin %	-0.48	2.56	-6.42	2.71
EBIT Margin %	-1.55	2.08	-6.79	2.7
Income From Continuing Operations Margin %	0.29	2.6	-5.39	2.16
Net Income Margin %	0.3	2.6	-5.33	2.17
Net Avail. For Common Margin %	0.3	2.6	-5.33	2.17
Normalized Net Income Margin	0.01	1.82	-3.89	2.05
Levered Free Cash Flow Margin	-	-2.92	-	-0.61
Unlevered Free Cash Flow Margin	-	-2.68	-	-0.43
Asset Turnover
Asset Turnover	-	1.67	-	1.55
Fixed Assets Turnover	-	14.26	-	10.11
Receivables Turnover (Average Receivables)	-	4.09	-	2.86
Inventory Turnover (Average Inventory)	-	180.56	-	96.98
Short Term Liquidity
Current Ratio	1.57	1.63	1.13	1.17
Quick Ratio	1.26	1.33	1.1	1.13
Operating Cash Flow to Current Liabilities	-0.08	-0	0.01	0.08
Days Sales Outstanding (Average Receivables)	-	89.27	-	127.9
Days Outstanding Inventory (Average Inventory)	-	2.02	-	3.77
Average Days Payable Outstanding	-	50.13	-	76.59
Cash Conversion Cycle (Average Days)	-	41.17	-	55.09
Long Term Solvency
Total Debt/Equity	37.64	26.53	54.44	29.67
Total Debt / Total Capital	27.35	20.97	35.25	22.88
LT Debt/Equity	31.54	19.64	15.45	-
Long-Term Debt / Total Capital	22.91	15.52	10.01	-
Total Liabilities / Total Assets	77.06	74.35	80.8	76.8
EBIT / Interest Expense	-4.84	5.6	-11.99	9.32
EBITDA / Interest Expense	4.81	10.01	-8.99	16.86
(EBITDA - Capex) / Interest Expense	0.91	7.49	-13.21	9.68
Total Debt / EBITDA	4.93	1.13	-1.45	0.9
Net Debt / EBITDA	-9.44	-2.35	1.79	-1.99
Total Debt / (EBITDA - Capex)	26.23	1.51	-0.98	1.57
Net Debt / (EBITDA - Capex)	-50.22	-3.14	1.22	-3.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	52.6	-	7.8
Gross Profit, 1 Yr. Growth %	-	117.43	-	47.73K
EBITDA, 1 Yr. Growth %	-	412.67	-	-186.13
EBITA, 1 Yr. Growth %	-	-908.34	-	-145.43
EBIT, 1 Yr. Growth %	-	-304.24	-	-142.9
Earnings From Cont. Operations, 1 Yr. Growth %	-	1.25K	-	-143.27
Net Income, 1 Yr. Growth %	-	1.2K	-	-143.95
Normalized Net Income, 1 Yr. Growth %	-	48.74K	-	-156.97
Accounts Receivable, 1 Yr. Growth %	-	24.21	-	-0.14
Inventory, 1 Yr. Growth %	-	-42.59	-	59.11
Net Property, Plant and Equip., 1 Yr. Growth %	-	-3.27	-	2.82
Total Assets, 1 Yr. Growth %	-	6.49	-	-1.78
Tangible Book Value, 1 Yr. Growth %	-	27.75	-	22.09
Common Equity, 1 Yr. Growth %	-	19.03	-	18.2
Cash From Operations, 1 Yr. Growth %	-	-94	-	754.07
Capital Expenditures, 1 Yr. Growth %	-	13.7	-	-6.11