S$1.07 ($0.83)

+0.01 (+0.94%)

Weekly Expected Move ±3.3%

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

SES · Real Estate · Real Estate - Services · Tech Score Sell · Power 38 · S$521.5M mcap · 167M float · 0.040% daily turnover

Revenue

$248M +29.1% ▲

5Y CAGR: +17.2%

Gross Profit

$111M +13.1% ▲

5Y CAGR: +20.1%

Operating Income

$38M -12.5% ▼

5Y CAGR: +57.9%

Net Income

$54M -8.4% ▼

5Y CAGR: +103.7%

EPS (Diluted)

$0.11 -8.3% ▼

5Y CAGR: +99.3%

EBITDA

$58M -44.8% ▼

5Y CAGR: +6.3%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$107M	$141M	$184M	$192M	$248M
YoY Growth	-4.8%	+32.0%	+30.3%	+4.5%	+29.1%
Cost of Revenue	$60M	$68M	$93M	$94M	$136M
Gross Profit	$47M	$73M	$91M	$98M	$111M
Gross Margin	43.7%	51.9%	49.6%	51.2%	44.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$42M	$48M	$51M	$57M	$67M
Operating Expenses	$42M	$48M	$51M	$55M	$73M
Operating Income	$4M	$25M	$40M	$43M	$38M
Operating Margin	3.9%	17.6%	21.9%	22.6%	15.3%
Interest Expense	$17M	$23M	$41M	$44M	$39M
Income Before Tax	$29M	$23M	$80M	$42M	$59M
Tax Expense	$12M	$1M	$14M	$12M	$4M
Net Income	$28M	$22M	$66M	$59M	$54M
Net Margin	26.3%	15.5%	35.9%	30.7%	21.8%
EPS (Diluted)	$0.06	$0.05	$0.14	$0.12	$0.11
EBITDA	$81M	$42M	$115M	$105M	$58M
Shares Outstanding	460M	470M	481M	488M	491M

Line Item	FY2024 Q1	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2026 Q1	FY2026 Q2
Revenue	$49M	$49M	$47M	$47M	$46M	$46M	$124M	$124M
Cost of Revenue	$23M	$23M	$25M	$25M	$21M	$21M	$87M	$87M
Gross Profit	$26M	$26M	$22M	$22M	$25M	$25M	$37M	$37M
Gross Margin	52.8%	52.8%	46.3%	46.3%	55.1%	55.1%	30.0%	30.0%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$13M	$13M	$16M	$16M	$14M	$14M	$24M	$24M
Operating Expenses	$13M	$13M	$16M	$16M	$14M	$14M	$24M	$24M
Operating Income	$13M	$13M	$6M	$6M	$12M	$12M	$13M	$13M
Operating Margin	26.1%	26.1%	13.4%	13.4%	25.2%	25.2%	10.5%	10.5%
Interest Expense	$0	$0	$10M	$10M	$9M	$9M	$0	$0
Income Before Tax	$11M	$11M	$25M	$25M	$12M	$12M	$8M	$8M
Tax Expense	$2M	$2M	$4M	$4M	$3M	$3M	$2M	$2M
Net Income	$9M	$9M	$20M	$20M	$10M	$10M	$6M	$6M
Net Margin	18.7%	18.7%	43.1%	43.1%	21.4%	21.4%	4.7%	4.7%
EPS (Diluted)	$0.02	$0.02	$0.04	$0.04	$0.02	$0.02	$0.01	$0.01
EBITDA	$15M	$15M	$9M	$9M	$14M	$14M	$17M	$17M
Shares Outstanding	487M	487M	489M	489M	489M	489M	491M	491M

O10.SI SES