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JE Cleantech Holdings Ltd
JCSECIK 0001905511NasdaqNon-AcceleratedEmerging GrowthMiscellaneous Manufacturing IndustriesE9KYFY ends Dec 31
Period
FY 2024
Revenue
$14.11M
Net Income
$25.0K
Total Assets
$25.70M
Equity
$12.07M
Shares Out
5.31M
Op. Cash Flow
$1.50M
Business
JE Cleantech Holdings Ltd designs, develops, manufactures and sells industrial cleaning systems and provides centralized dishwashing and ancillary cleaning services. Its products include aqueous washing systems, plating and train cleaning systems, filtration units, megasonic/ultrasonic cleaning equipment, dishwashing lines and related parts, plus repair and leasing of dishwashing equipment. The business operates through two principal segments: sale of cleaning systems and other equipment, and provision of centralized dishwashing, general cleaning and equipment leasing services. It serves customers mainly in Singapore and Malaysia via direct sales, service contracts and third‑party logistics/subcontracting arrangements.
Summary from filing dated 2025-05-15
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Net revenues | 20 | 19 | 18 | |
| Cost of revenues | 15 | 14 | 14 | |
| Gross profit | 6 | 5 | 4 | |
| Operating expenses: | — | — | — | |
| Selling and marketing expenses | 125,000 | 122,000 | 53,000 | |
| General and administrative expenses | 5 | 5 | 3 | |
| Total operating expenses | 5 | 5 | 3 | |
| Income (loss) from operations | 610,000 | −30,000 | 1 | |
| Other income (loss): | — | — | — | |
| Gain/Loss on Asset Sales (CF) | 4 | — | — | |
| Non-Operating Income (Expense) | 628,000 | 1 | 728,000 | |
| Interest expense | 412,000 | 516,000 | 511,000 | |
| Other expense | 2 | 264,000 | 597,000 | |
| Non-Operating Income (Expense) | −16,000 | 19,000 | — | |
| Total other (loss) income | 3 | 312,000 | −380,000 | |
| Income Before Tax | 3 | 282,000 | 630,000 | |
| Income tax expense | 157,000 | 250,000 | 111,000 | |
| Net income | 3 | 32,000 | 519,000 | |
| Other comprehensive income | — | — | — | |
| Foreign currency translation gain/ (loss), net | 52,000 | −27,000 | −69,000 | |
| Total comprehensive income | 3 | 5,000 | 450,000 | |
| Earnings Per Share | — | — | — | |
| Earnings Per Share (Basic) | 0.62 | 0 | 0.1 | |
| Earnings Per Share (Diluted) | 0.62 | 0 | 0.1 | |
| Weighted average number of ordinary shares used in computing net income per share | — | — | — | |
| Weighted Average Shares Outstanding | 5 | 5 | 5 | |
| Weighted Average Shares Outstanding, Diluted | 5 | 5 | 5 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| Assets | — | — | |
| Current assets: | — | — | |
| Cash and Cash Equivalents | 10 | 6 | |
| Accounts Receivable | 7 | 4 | |
| Other Non-Operating Current Assets | 837,000 | 2 | |
| Other Current Assets | — | 356,000 | |
| Inventory | 9 | 13 | |
| Total current assets | 27 | 26 | |
| Financial instruments | 764,000 | 506,000 | |
| Property, Plant and Equipment | 4 | 4 | |
| Operating Lease Right-of-Use Asset | 983,000 | 2 | |
| Other Non-Operating Non-Current Assets | 47,000 | 128,000 | |
| Deferred Tax Assets, Non-Current | 74,000 | 74,000 | |
| Other Non-Operating Non-Current Assets | — | 3 | |
| Total non-current assets | 6 | 9 | |
| TOTAL ASSETS | 33 | 35 | |
| Liabilities | — | — | |
| Current liabilities: | — | — | |
| Short-Term Debt | 1 | 1 | |
| Lease payable - current | 191,000 | 292,000 | |
| Accounts Payable | 3 | 2 | |
| Warranty liabilities | 22,000 | 22,000 | |
| Accrued Income Taxes | 205,000 | 89,000 | |
| Other Current Liabilities | 6 | 7 | |
| Total current liabilities | 10 | 10 | |
| Long-Term Debt | 3 | 7 | |
| Lease payable - non-current | 217,000 | 986,000 | |
| Deferred Tax Liabilities, Current | 67,000 | 100,000 | |
| Total non-current liabilities | 3 | 9 | |
| TOTAL LIABILITIES | 13 | 19 | |
| Commitments and contingencies | — | — | |
| Shareholders’ equity | — | — | |
| Total Stockholders' Equity | 21,000 | 21,000 | |
| Additional Paid-In Capital | 16 | 16 | |
| Treasury shares (46,406 and 53,946 acquired as of December 31, 2024 and 2025) | 75,000 | 66,000 | |
| Retained Earnings | 4 | 1 | |
| Accumulated Other Comprehensive Income | −76,000 | −128,000 | |
| Total shareholders’ equity | 20 | 16 | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 33 | 35 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 | Dec 31, 2023 2023-12-31 |
|---|---|---|---|---|
| Net Income | 3 | 32,000 | 519,000 | |
| Adjustment: | — | — | — | |
| Depreciation Expense | 698,000 | 769,000 | 493,000 | |
| Net Cash from Operating Activities | 163,000 | 211,000 | 209,000 | |
| Asset Impairment Charges | 181,000 | 63,000 | — | |
| Provision for Doubtful Accounts (CF) | — | 55,000 | −11,000 | |
| Gain on disposal of property, plant and equipment | 4 | — | — | |
| Deferred financing cost written-off | 356,000 | — | — | |
| Change in fair value of financial instruments | −16,000 | 19,000 | — | |
| Stock-Based Compensation Expense | — | 466,000 | — | |
| Changes in operating assets: | — | — | — | |
| (Increase)/decrease in inventories | −3 | −1 | 2 | |
| Decrease/(increase) of accounts receivable, prepaid expenses and other current assets, net | 1 | −19,000 | −753,000 | |
| Change in Accrued Liabilities | 995,000 | −407,000 | −757,000 | |
| Increase/(decrease) of contract liabilities | −845,000 | −300,000 | 3 | |
| Repayment of lease liabilities | 243,000 | 305,000 | 291,000 | |
| Income taxes payables | 83,000 | 40,000 | — | |
| Cash provided by operating activities | 3 | 2 | 1 | |
| Additions of financial instruments | 274,000 | 242,000 | — | |
| Proceeds from Sale of PP&E | 7 | — | — | |
| Purchase of property, plant and equipment | 829,000 | 1 | 211,000 | |
| Cash used in/(provided by) investing activities | 6 | −1 | −211,000 | |
| Net Cash from Financing Activities | — | — | −741,000 | |
| Proceeds from Debt Issuance | — | 6 | 250,000 | |
| Repayment of bank loans | 5 | 5 | 2 | |
| Repayment of lease liabilities | 58,000 | — | — | |
| Dividends paid | — | 643,000 | — | |
| Purchase of treasury shares | 9,000 | 48,000 | 18,000 | |
| Payment of deferred financing costs | — | — | 356,000 | |
| Cash used in/(provided by) financing activities | −5 | 122,000 | −3 | |
| Effect of Exchange Rate on Cash | 52,000 | −27,000 | −69,000 | |
| Net change in cash and cash equivalents | 4 | 653,000 | −1 | |
| Cash and cash equivalents as of the end of the year | — | — | — | |
| Cash and cash equivalents as of the end of the year | — | — | — | |
| Supplementary Cash Flows Information | — | — | — | |
| Interest Expense | 412,000 | 516,000 | 511,000 | |
| Income Tax Expense | 72,000 | 210,000 | 289,000 |
Filings
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