Also trades as: ACNDF (OTC) · $vol 0M

S$0.91 ($0.71)

+0.00 (+0.00%)

Weekly Expected Move ±2.1%

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

SES · Real Estate · Real Estate - Services · Tech Score Sell · Power 33 · S$1.4B mcap · 1.05B float · 0.390% daily turnover

Revenue

$301M +8.5% ▲

5Y CAGR: +9.5%

Gross Profit

$109M -40.1% ▼

5Y CAGR: -6.0%

Operating Income

$32M -81.5% ▼

5Y CAGR: -30.0%

Net Income

$322M -26.5% ▼

5Y CAGR: +19.8%

EPS (Diluted)

$0.24 -27.3% ▼

5Y CAGR: +16.9%

EBITDA

$37M -93.2% ▼

5Y CAGR: -27.9%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$193M	$211M	$234M	$278M	$301M
YoY Growth	+0.5%	+9.3%	+11.1%	+18.7%	+8.5%
Cost of Revenue	$37M	$44M	$74M	$96M	$193M
Gross Profit	$156M	$167M	$160M	$182M	$109M
Gross Margin	80.8%	79.2%	68.5%	65.3%	36.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$17M	$19M	$20M	$24M	$0
Operating Expenses	$17M	$19M	$6M	$7M	$76M
Operating Income	$134M	$228M	$168M	$175M	$32M
Operating Margin	69.4%	108.1%	71.7%	62.9%	10.7%
Interest Expense	$51M	$65M	$82M	$90M	$92M
Income Before Tax	$268M	$218M	$245M	$457M	$459M
Tax Expense	$68M	$74M	$87M	-$666K	$119M
Net Income	$192M	$137M	$147M	$439M	$322M
Net Margin	99.8%	65.2%	63.0%	157.9%	107.0%
EPS (Diluted)	$0.17	$0.12	$0.12	$0.33	$0.24
EBITDA	$194M	$229M	$169M	$551M	$37M
Shares Outstanding	1.16B	1.17B	1.25B	1.34B	1.35B

Line Item	FY2024 Q1	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2026 Q1	FY2026 Q2
Revenue	$68M	$68M	$71M	$71M	$75M	$75M	$69M	$69M
Cost of Revenue	$16M	$16M	$20M	$20M	$18M	$18M	$15M	$15M
Gross Profit	$52M	$52M	$51M	$51M	$57M	$57M	$54M	$54M
Gross Margin	76.1%	76.1%	72.0%	72.0%	76.1%	76.1%	78.1%	78.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$6M	$6M	$6M	$6M	$7M	$7M	$7M	$7M
Operating Expenses	$6M	$6M	$6M	$6M	$7M	$7M	$7M	$7M
Operating Income	$46M	$46M	$45M	$45M	$50M	$50M	$47M	$47M
Operating Margin	67.5%	67.5%	63.2%	63.2%	67.2%	67.2%	68.5%	68.5%
Interest Expense	$0	$0	$11M	$11M	$10M	$10M	$0	$0
Income Before Tax	$49M	$49M	$180M	$180M	$16M	$16M	-$3M	-$3M
Tax Expense	$18M	$18M	$18M	$18M	$9M	$9M	$11M	$11M
Net Income	$29M	$29M	$190M	$190M	$5M	$5M	-$16M	-$16M
Net Margin	42.6%	42.6%	268.6%	268.6%	6.6%	6.6%	-23.9%	-23.9%
EPS (Diluted)	$0.02	$0.02	$0.14	$0.14	$0.00	$0.00	$-0.01	$-0.01
EBITDA	$45M	$45M	$44M	$44M	$50M	$50M	$46M	$46M
Shares Outstanding	1.34B	1.34B	1.33B	1.33B	1.35B	1.35B	1.46B	1.46B

CY6U.SI SES