Also trades as: CLDHF (OTC) · $vol 0M

S$0.61 ($0.48)

-0.01 (-0.81%)

Weekly Expected Move ±1.8%

S$1 S$1 S$1 S$1 S$1

SES · Real Estate · REIT - Retail · Tech Score Sell · Power 35 · S$1.1B mcap · 1.16B float · 0.177% daily turnover

Revenue

$306M -10.4% ▼

5Y CAGR: +7.8%

Gross Profit

$187M -10.5% ▼

5Y CAGR: +6.5%

Operating Income

$183M -11.0% ▼

5Y CAGR: +7.7%

Net Income

-$5M +62.6% ▲

EPS (Diluted)

$-0.01 +46.2% ▲

EBITDA

$184M +26.0% ▲

5Y CAGR: +7.6%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$378M	$383M	$365M	$342M	$306M
YoY Growth	+79.5%	+1.4%	-4.8%	-6.4%	-10.4%
Cost of Revenue	$125M	$127M	$126M	$133M	$119M
Gross Profit	$245M	$256M	$239M	$209M	$187M
Gross Margin	64.9%	66.9%	65.4%	61.1%	61.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$23M	$24M	$12M	$733K	$739K
Operating Expenses	$24M	$16M	$12M	$3M	$3M
Operating Income	$235M	$241M	$226M	$206M	$183M
Operating Margin	62.1%	62.9%	62.1%	60.4%	59.9%
Interest Expense	$39M	$64M	$93M	$83M	$58M
Income Before Tax	$190M	$243M	$125M	$62M	$61M
Tax Expense	$67M	$88M	$70M	$66M	$55M
Net Income	$107M	$123M	$41M	-$15M	-$5M
Net Margin	28.2%	32.1%	11.2%	-4.3%	-1.8%
EPS (Diluted)	$0.07	$0.07	$0.02	$-0.01	$-0.01
EBITDA	$236M	$242M	$219M	$146M	$184M
Shares Outstanding	1.55B	1.68B	1.70B	1.70B	1.75B

Line Item	FY2024 Q1	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2026 Q1	FY2026 Q2
Revenue	$86M	$86M	$84M	$84M	$80M	$80M	$76M	$76M
Cost of Revenue	$32M	$32M	$29M	$29M	$30M	$30M	$28M	$28M
Gross Profit	$55M	$55M	$55M	$55M	$49M	$49M	$48M	$48M
Gross Margin	63.1%	63.1%	65.4%	65.4%	61.8%	61.8%	62.9%	62.9%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$342K	$342K	$5M	$5M	$362K	$362K	$338K	$338K
Operating Expenses	$342K	$342K	$5M	$5M	$362K	$362K	$338K	$338K
Operating Income	$54M	$54M	$50M	$50M	$49M	$49M	$48M	$48M
Operating Margin	62.7%	62.7%	59.1%	59.1%	61.3%	61.3%	62.4%	62.4%
Interest Expense	$0	$0	$19M	$19M	$16M	$16M	$0	$0
Income Before Tax	$31M	$31M	$441K	$441K	$33M	$33M	$32M	$32M
Tax Expense	$20M	$20M	$13M	$13M	$14M	$14M	$14M	$14M
Net Income	$7M	$7M	-$14M	-$14M	$16M	$16M	$15M	$15M
Net Margin	7.6%	7.6%	-16.5%	-16.5%	20.1%	20.1%	19.6%	19.6%
EPS (Diluted)	$0.00	$0.00	$-0.01	$-0.01	$0.01	$0.01	$0.01	$0.01
EBITDA	$54M	$54M	$50M	$50M	$48M	$48M	$47M	$47M
Shares Outstanding	1.71B	1.71B	1.71B	1.71B	1.74B	1.74B	1.95B	1.95B

AU8U.SI SES