NASDAQ : SPPL
Simpple Ltd. — Financial statements
Industrials · Specialty Industrial Machinery · Singapore
Last price 2.15 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 21.04M
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Financial statements
Simpple Ltd. (SPPL) reported revenue of 5.91M SGD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 5.91M | 5.91M | 3.77M | 4.69M | 6.51M | 4.18M |
| Cost of Revenue | 2.98M | 2.98M | 1.51M | 2.24M | 2.91M | 1.85M |
| Gross Profit | 2.93M | 2.93M | 2.26M | 2.44M | 3.60M | 2.33M |
| Selling, General & Admin | 6.64M | 6.64M | 6.68M | 4.99M | 4.57M | 2.27M |
| Operating Expenses | 6.64M | 6.64M | 6.68M | 4.99M | 4.57M | 2.27M |
| Operating Income | -3.71M | -3.71M | -4.42M | -2.55M | -973.36K | 55.72K |
| Interest Expense | -503.35K | -503.35K | -34.85K | -183.05K | -130.87K | -157.15K |
| Other Non Operating Income (Expenses) | 31.14K | 31.14K | 155.67K | -4.82M | 435.39K | 182.03K |
| EBT Excluding Unusual Items | -4.19M | -4.19M | -4.30M | -7.55M | -668.83K | 80.61K |
| Gain (Loss) on Sale of Assets | 152.29K | |||||
| Pretax Income | -4.19M | -4.19M | -4.30M | -7.55M | -668.83K | 232.89K |
| Income Tax Expense | -368.54K | 23.09K | 118.68K | 167.07K | ||
| Net Income | -4.19M | -4.19M | -3.93M | -7.57M | -787.51K | 65.82K |
| Net Income to Common | -4.19M | -4.19M | -3.93M | -7.57M | -787.51K | 65.82K |
| Shares Outstanding (Basic) | 5.79M | 5.79M | 3.54M | 2.03M | 1.81M | 1.81M |
| Shares Outstanding (Diluted) | 5.79M | 5.79M | 3.54M | 2.03M | 1.81M | 1.81M |
| EPS (Basic) | -0.72 | -0.72 | -1.11 | -3.73 | -0.44 | 0.04 |
| EPS (Diluted) | -0.72 | -0.72 | -1.11 | -3.73 | -0.44 | 0.04 |
| Free Cash Flow | -2.37M | -2.37M | -1.17M | -7.57M | 14.89K | -372.73K |
| Free Cash Flow Per Share | -0.41 | -0.41 | -0.33 | -3.73 | 0.01 | -0.21 |
| Gross Margin | 49.60% | 49.60% | 59.93% | 52.11% | 55.29% | 55.67% |
| Operating Margin | -62.85% | -62.85% | -117.20% | -54.30% | -14.95% | 1.33% |
| Profit Margin | -70.84% | -70.84% | -104.23% | -161.53% | -12.10% | 1.57% |
| Free Cash Flow Margin | -40.10% | -40.10% | -31.03% | -161.43% | 0.23% | -8.92% |
| EBITDA | -3.67M | -3.67M | -4.37M | -2.00M | -661.58K | 239.00K |
| EBITDA Margin | -62.08% | -62.08% | -115.70% | -42.71% | -10.16% | 5.72% |
| D&A For EBITDA | 45.31K | 45.31K | 56.41K | 543.21K | 311.78K | 183.28K |
| EBIT | -3.71M | -3.71M | -4.42M | -2.55M | -973.36K | 55.72K |
| EBIT Margin | -62.85% | -62.85% | -117.20% | -54.30% | -14.95% | 1.33% |
| Effective Tax Rate | 71.74% |
Balance sheet
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.14M | 3.14M | 514.83K | 1.19M | 535.02K | 757.74K |
| Short-Term Investments | 21.97K | 21.97K | 66.92K | 31.40K | 32.98K | 28.63K |
| Cash & Short-Term Investments | 3.16M | 3.16M | 581.75K | 1.22M | 568.00K | 786.37K |
| Accounts Receivable | 845.87K | 845.87K | 524.33K | 4.24M | 774.34K | 1.68M |
| Other Receivables | 23.05K | 23.05K | 665.21K | 148.17K | 4.97K | 452.53K |
| Receivables | 868.92K | 868.92K | 1.19M | 4.39M | 779.30K | 2.13M |
| Inventory | 816.87K | 816.87K | 793.47K | 867.45K | 1.03M | 1.11M |
| Prepaid Expenses | 564.68K | 564.68K | 632.13K | 111.75K | 139.77K | 70.82K |
| Restricted Cash | 1.00M | 1.00M | ||||
| Other Current Assets | 141.42K | 141.42K | 448.38K | 304.82K | 1.86M | 611.29K |
| Total Current Assets | 6.55M | 6.55M | 3.65M | 6.89M | 4.38M | 4.71M |
| Property, Plant & Equipment | 1.24M | 1.24M | 143.99K | 275.98K | 380.06K | 221.56K |
| Long-Term Investments | 1.00 | |||||
| Other Intangible Assets | 3.28M | 3.28M | 2.40M | 1.55M | 1.07M | |
| Long-Term Accounts Receivable | 21.96K | 50.28K | ||||
| Other Long-Term Assets | 408.02K | |||||
| Total Assets | 11.07M | 11.07M | 6.62M | 8.76M | 5.83M | 4.93M |
| Accounts Payable | 409.49K | 409.49K | 898.98K | 495.88K | 316.52K | 316.03K |
| Accrued Expenses | 356.62K | 356.62K | 470.33K | 704.01K | 438.87K | 250.64K |
| Short-Term Debt | 525.14K | 525.14K | 299.81K | 388.54K | 758.23K | 963.10K |
| Current Portion of Long-Term Debt | 2.72M | 2.72M | 520.74K | 754.02K | 1.18M | 961.99K |
| Current Portion of Leases | 260.33K | 260.33K | 85.58K | 93.00K | 102.40K | 87.56K |
| Current Income Taxes Payable | 239.93K | 316.46K | 241.92K | |||
| Current Unearned Revenue | 2.07M | 2.07M | 1.88M | 1.84M | 385.84K | 737.62K |
| Other Current Liabilities | 864.43K | 864.43K | 82.66K | 511.38K | 5.00K | |
| Total Current Liabilities | 7.21M | 7.21M | 4.16M | 4.60M | 4.01M | 3.56M |
| Long-Term Debt | 521.60K | 1.28M | 2.22M | |||
| Long-Term Leases | 427.42K | 427.42K | 13.29K | 98.88K | 217.04K | 37.46K |
| Total Liabilities | 7.63M | 7.63M | 4.17M | 5.22M | 5.51M | 5.82M |
| Common Stock | 2.06K | 2.06K | 2.06K | 2.06K | 2.06K | 2.06K |
| Additional Paid-In Capital | 22.28M | 22.28M | 17.04M | 14.24M | 3.45M | 1.05M |
| Retained Earnings | -18.82M | -18.82M | -14.63M | -10.70M | -3.13M | -2.34M |
| Comprehensive Income & Other | -30.18K | -30.18K | 37.55K | -1.20K | 400.00K | |
| Shareholders' Equity | 3.43M | 3.43M | 2.45M | 3.55M | 323.04K | -889.45K |
| Total Liabilities & Equity | 11.07M | 11.07M | 6.62M | 8.76M | 5.83M | 4.93M |
| Total Debt | 3.93M | 3.93M | 919.42K | 1.86M | 3.54M | 4.27M |
| Net Cash (Debt) | -774.17K | -774.17K | -337.68K | -637.18K | -2.97M | -3.48M |
| Net Cash Per Share | -0.13 | -0.13 | -0.10 | -0.31 | -1.64 | -1.93 |
| Filing Date Shares Outstanding | 9.79M | 9.79M | 3.54M | 2.03M | 1.81M | 1.57M |
| Total Common Shares Outstanding | 5.79M | 5.79M | 3.54M | 2.03M | 1.81M | 1.57M |
| Working Capital | -654.80K | -654.80K | -512.56K | 2.29M | 364.84K | 1.14M |
| Book Value Per Share | 0.59 | 0.59 | 0.69 | 1.75 | 0.18 | -0.57 |
| Tangible Book Value | 157.72K | 157.72K | 48.12K | 2.00M | -749.57K | -889.45K |
| Tangible Book Value Per Share | 0.03 | 0.03 | 0.01 | 0.99 | -0.41 | -0.57 |
| Machinery | 451.48K | 451.48K | 439.37K | 423.47K | 370.24K | 346.68K |
Cash flow statement
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -4.19M | -4.19M | -3.93M | -7.57M | -787.51K | 65.82K |
| Depreciation & Amortization | 212.31K | 212.31K | 147.89K | 543.21K | 311.78K | 183.28K |
| Other Amortization | 567.21K | 567.21K | 545.91K | |||
| Loss (Gain) From Sale of Assets | -152.29K | |||||
| Provision & Write-off of Bad Debts | 129.52K | 129.52K | 56.01K | 602.90K | ||
| Other Operating Activities | 65.37K | 65.37K | 206.68K | -2.22K | ||
| Change in Accounts Receivable | -429.09K | -429.09K | 3.74M | -3.57M | 301.17K | -532.84K |
| Change in Inventory | -23.40K | -23.40K | 73.98K | 166.01K | -130.76K | -775.74K |
| Change in Accounts Payable | -489.49K | -489.49K | 403.51K | 179.36K | 488.00 | 172.96K |
| Change in Unearned Revenue | 187.02K | 187.02K | 44.19K | 1.45M | -351.78K | -93.99K |
| Change in Income Taxes | -239.93K | -76.53K | 74.53K | 160.91K | ||
| Change in Other Net Operating Assets | 2.16M | 2.16M | -1.94M | 1.28M | -178.66K | 686.32K |
| Operating Cash Flow | -1.81M | -1.81M | -1.16M | -7.54M | 48.83K | -287.78K |
| Capital Expenditures | -561.72K | -561.72K | -15.90K | -21.27K | -33.94K | -84.95K |
| Sale of Property, Plant & Equipment | 630.19K | |||||
| Sale (Purchase) of Intangibles | -1.44M | -1.44M | -1.40M | -892.11K | -1.20M | |
| Investment in Securities | 250.00K | |||||
| Other Investing Activities | -1.00M | -1.00M | ||||
| Investing Cash Flow | -3.01M | -3.01M | -1.41M | -913.37K | -1.23M | 795.24K |
| Short-Term Debt Issued | 6.55M | 6.55M | ||||
| Long-Term Debt Issued | 750.00K | 750.00K | 38.50K | 719.18K | ||
| Total Debt Issued | 7.30M | 7.30M | 38.50K | 719.18K | ||
| Short-Term Debt Repaid | -4.36M | -4.36M | -89.13K | -369.69K | -204.87K | -1.17M |
| Long-Term Debt Repaid | -681.75K | -681.75K | -847.88K | -1.35M | -1.55M | -757.34K |
| Total Debt Repaid | -5.04M | -5.04M | -937.01K | -1.72M | -1.76M | -1.92M |
| Net Debt Issued (Repaid) | 2.26M | 2.26M | -937.01K | -1.68M | -1.04M | -1.92M |
| Issuance of Common Stock | 5.24M | 5.24M | 2.79M | 10.80M | 2.00M | 750.00K |
| Financing Cash Flow | 7.50M | 7.50M | 1.86M | 9.11M | 959.62K | -1.17M |
| Foreign Exchange Rate Adjustments | -67.73K | -67.73K | 38.75K | -1.20K | ||
| Net Cash Flow | 2.62M | 2.62M | -672.63K | 652.44K | -222.71K | -665.61K |
| Free Cash Flow | -2.37M | -2.37M | -1.17M | -7.57M | 14.89K | -372.73K |
| Free Cash Flow Margin | -40.10% | -40.10% | -31.03% | -161.43% | 0.23% | -8.92% |
| Free Cash Flow Per Share | -0.41 | -0.41 | -0.33 | -3.73 | 0.01 | -0.21 |
| Levered Free Cash Flow | -3.74M | -3.74M | -1.01M | -2.54M | -1.08M | -347.54K |
| Unlevered Free Cash Flow | -3.43M | -3.43M | -984.24K | -2.43M | -998.83K | -249.32K |
| Cash Interest Paid | 503.35K | 503.35K | 34.85K | 183.05K | 130.87K | 157.15K |
| Cash Income Tax Paid | -128.61K | 23.09K | 118.68K | 6.16K | ||
| Change in Working Capital | 1.40M | 1.40M | 2.08M | -573.14K | -285.01K | -382.37K |
Ratios
Fiscal year January - December; amounts in SGD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 24.17M | 20.71M | 16.23M | 95.90M | ||
| Enterprise Value | 22.61M | 23.00M | 16.08M | 98.06M | ||
| Last Close Price | 2.32 | 4.25 | 8.00 | 47.28 | ||
| PS Ratio | 3.85 | 4.51 | 5.87 | 27.01 | ||
| PB Ratio | 4.34 | 7.76 | 9.05 | 35.69 | ||
| P/TBV Ratio | 7.28 | 168.90 | 460.23 | 63.29 | ||
| EV/Sales Ratio | 3.58 | 5.01 | 5.82 | 27.62 | ||
| Debt / Equity Ratio | 1.15 | 1.15 | 0.38 | 0.52 | 10.96 | -4.80 |
| Debt / EBITDA Ratio | 17.86 | |||||
| Debt / FCF Ratio | 237.66 | |||||
| Net Debt / Equity Ratio | 0.23 | 0.23 | 0.14 | 0.18 | 9.20 | -3.92 |
| Net Debt / EBITDA Ratio | -0.21 | -0.21 | -0.08 | -0.32 | -4.49 | 14.57 |
| Net Debt / FCF Ratio | -0.33 | -0.33 | -0.29 | -0.08 | 199.53 | -9.34 |
| Asset Turnover | 0.67 | 0.67 | 0.49 | 0.64 | 1.21 | 0.79 |
| Inventory Turnover | 3.70 | 3.70 | 1.82 | 2.36 | 2.72 | 2.57 |
| Quick Ratio | 0.56 | 0.56 | 0.43 | 1.22 | 0.34 | 0.82 |
| Current Ratio | 0.91 | 0.91 | 0.88 | 1.50 | 1.09 | 1.32 |
| Return on Equity (ROE) | -142.38% | -142.38% | -131.26% | -391.29% | ||
| Return on Assets (ROA) | -26.25% | -26.25% | -35.94% | -21.80% | -11.30% | 0.66% |
| Return on Invested Capital (ROIC) | -88.26% | -106.22% | -126.94% | -68.06% | -41.76% | 1.03% |
| Return on Capital Employed (ROCE) | -96.20% | -96.20% | -179.80% | -61.10% | -53.60% | 4.10% |
| Earnings Yield | -20.42% | -15.71% | -17.76% | -5.98% | ||
| FCF Yield | -8.30% | -8.89% | -5.29% | -5.98% | ||
| Buyback Yield / Dilution | -63.46% | -63.46% | -74.52% | -12.18% | -43.92% |