33. SEGMENT INFORMATION (CONTINUED) Buildings and construction Property development Investment property Investment holding Elimination Total $’000 $’000 $’000 $’000 $’000 $’000 Group 2024 Revenue External revenue 172,597 – – – – 172,597 Inter-segment sales – 206 – – (206) – 172,597 206 – – (206) 172,597 Loss from operations Share of results from joint ventures, net of tax – 44 – – – 44 Share of results from associates, net of tax – (10,642) – – – (10,642) Interest income 6,313 – – 31 – 6,344 Interest expenses (1,309) – – (829) – (2,138) Provision for loss allowance for long term interests – (4,000) – – – (4,000) Impairment reversed on investment of an associate – 27,285 – – – 27,285 Depreciation and amortisation (4,896) – – – – (4,896) Reportable segment (loss)/profit before income tax (15,284) 12,768 (35) (1,365) – (3,916) Net (loss)/profit for the financial year after tax (15,284) 12,768 (35) (1,365) – (3,916) Other information: Additions to non-current assets 420 – – – – 420 Investments in joint ventures – 4,453 – – – 4,453 Investments in associates – 26,480 – – – 26,480 Segment assets 113,205 37,409 385 9,135 – 160,134 Non current assets held for sale – 34,117 – – – 34,117 Segment liabilities 127,238 2,116 9 14,387 – 143,750 Group 2025 2024 $’000 $’000 Non-current assets Singapore 38,638 46,585 Non-current assets consist of property, plant and equipment, right-of-use assets, intangible assets, investments in associates and investments in joint ventures. Major customers During the financial year, the Group’s revenue attributable to 3 (2024: 3) customers represent approximately 83% (2024: 79%) of total revenue. Revenue from certain customers (named alphabetically A to C of the Group’s construction segment amount to approximately $152,389,000 (2024: $139,193,000). The details of these customers which individually contributed 10 percent or more of the Group’s revenue in the financial year are as follows: 2025 2024 $’000 % $’000 % Customer A 73,866 40 90,561 51 Customer B 41,827 23 26,631 15 Customer C 36,696 20 22,001 13 152,389 83 139,193 79 ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 118 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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