APEX Global Solutions Ltd
CIK:0002069858|SEC Filings
Audited Consolidated Statements of Operations and Comprehensive Income |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 31, 2025
USD ($)
$ / shares
shares
|
Dec. 31, 2025
SGD ($)
$ / shares
shares
|
Dec. 31, 2024
SGD ($)
$ / shares
shares
|
Dec. 31, 2023
SGD ($)
$ / shares
shares
|
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| Income Statement [Abstract] | ||||||
| Revenue | $ 6,969,041 | $ 8,961,092 | $ 8,696,136 | $ 8,000,921 | ||
| Cost of revenue | (3,469,007) | (4,460,598) | (4,364,099) | (4,954,702) | ||
| Gross profit | 3,500,034 | 4,500,494 | 4,332,037 | 3,046,219 | ||
| Operating expenses: | ||||||
| General and administrative expenses | (2,536,613) | (3,261,686) | (2,790,147) | (2,761,082) | ||
| Total operating expenses | (2,536,613) | (3,261,686) | (2,790,147) | (2,761,082) | ||
| Income from operations | 963,421 | 1,238,808 | 1,541,890 | 285,137 | ||
| Other income (expense): | ||||||
| Finance costs | (218,127) | (280,477) | (323,091) | (261,778) | ||
| Other interest expense | (10,240) | (13,167) | ||||
| Other income | 53,801 | 69,179 | 186,905 | 72,318 | ||
| Total other (expense), net | (174,566) | (224,465) | (136,186) | (189,460) | ||
| Income before income taxes | 788,855 | 1,014,343 | 1,405,704 | 95,677 | ||
| Income tax expense | (4,945) | (6,358) | (38,636) | 8,005 | ||
| Net income | $ 783,910 | $ 1,007,985 | $ 1,367,068 | $ 103,682 | ||
| Weighted average number of ordinary shares outstanding | ||||||
| Basic (in Shares) | [1] | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | |
| Diluted (in Shares) | [1] | 25,000,000 | 25,000,000 | 25,000,000 | 25,000,000 | |
| Earnings per share attributable to ordinary shareholders | ||||||
| Basic (in Dollars per share and Dollars per share) | (per share) | [1] | $ 0.031 | $ 0.04 | $ 0.055 | $ 0.004 | |
| Diluted (in Dollars per share and Dollars per share) | (per share) | [1] | $ 0.031 | $ 0.04 | $ 0.055 | $ 0.004 | |
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Audited Consolidated Balance Sheets |
Dec. 31, 2025
USD ($)
|
Dec. 31, 2025
SGD ($)
|
Dec. 31, 2024
SGD ($)
|
Dec. 31, 2023
SGD ($)
|
||
|---|---|---|---|---|---|---|
| Current assets: | ||||||
| Cash and cash equivalents | $ 880,447 | $ 1,132,117 | $ 2,045,509 | $ 1,776,304 | ||
| Accounts receivable | 1,366,270 | 1,756,809 | 3,579,302 | 1,824,235 | ||
| Contract assets | 1,809,619 | 2,326,886 | 1,298,248 | 1,370,367 | ||
| Other current assets | 95,884 | 123,292 | 208,844 | 132,056 | ||
| Income tax receivable | 6,000 | |||||
| Total current assets | 4,152,220 | 5,339,104 | 9,830,810 | 7,438,988 | ||
| Non-current assets: | ||||||
| Plant and equipment, net | 89,086 | 114,550 | 135,390 | 782,961 | ||
| Right-of-use assets, net | 431,247 | 554,516 | 220,751 | 1,001,840 | ||
| Deferred offering costs | 848,487 | 1,091,021 | ||||
| Other investments | 123,506 | 158,809 | 152,217 | 124,505 | ||
| Total non-current assets | 1,492,326 | 1,918,896 | 508,358 | 1,909,306 | ||
| Total assets | 5,644,546 | 7,258,000 | 10,339,168 | 9,348,294 | ||
| Current liabilities: | ||||||
| Accounts payable | 339,633 | 436,715 | 654,097 | 465,813 | ||
| Accrued liabilities and other payables | 343,581 | 441,791 | 760,714 | 463,714 | ||
| Amount due to director | 688 | |||||
| Bank borrowings | 1,583,017 | 2,035,512 | 3,203,738 | 2,423,078 | ||
| Lease liabilities | 293,563 | 377,477 | 141,950 | 348,995 | ||
| Income tax payable | 47,413 | 60,966 | 45,556 | 6,920 | ||
| Total current liabilities | 2,607,207 | 3,352,461 | 4,861,455 | 4,175,285 | ||
| Non-current liabilities: | ||||||
| Bank borrowings | 679,528 | 873,766 | 913,408 | 1,898,689 | ||
| Lease liabilities | 72,209 | 92,849 | 17,630 | 94,713 | ||
| Deferred tax liabilities | 17,583 | 17,583 | ||||
| Total long-term liabilities | 751,737 | 966,615 | 948,621 | 2,010,985 | ||
| Total liabilities | 3,358,944 | 4,319,076 | 5,810,076 | 6,186,270 | ||
| Shareholders’ equity | ||||||
| Share subscription receivable | (45,082) | (45,082) | ||||
| Additional paid-in capital | 1,556,676 | 2,001,641 | 2,001,641 | 2,001,641 | ||
| Retained earnings | 728,926 | 937,283 | 2,572,533 | 1,205,465 | ||
| Total shareholders’ equity | 2,285,602 | 2,938,924 | 4,529,092 | 3,162,024 | ||
| Total liabilities and shareholders’ equity | 5,644,546 | 7,258,000 | 10,339,168 | 9,348,294 | ||
| Ordinary Shares Class A | ||||||
| Shareholders’ equity | ||||||
| Ordinary shares, value | [1] | |||||
| Ordinary Shares Class B | ||||||
| Shareholders’ equity | ||||||
| Ordinary shares, value | [1] | |||||
| Related Party | ||||||
| Current assets: | ||||||
| Amount due from related parties | 2,698,907 | 2,330,026 | ||||
| Current liabilities: | ||||||
| Amount due to related parties | $ 55,400 | $ 466,077 | ||||
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