v3.26.1
Income taxes (Tables)
12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of provision for income tax

A reconciliation between the Company’s actual provision for income tax and the provision at the respective statutory rate was as follows:

 

   2023     2024     2025     2025   
   Year Ended December 31,   
   2023     2024     2025     2025   
   S$’000     S$’000     S$’000     US$’000   
                         
Loss before income taxes   (12,869)        (18,675)        (17,481)        (13,595)     
                                         
Tax at Singapore statutory rate of 17%   (2,188)   17.00%   (3,174)   17.00%   (2,971)   17.00%   (2,311)   17.00%
Effect of international in foreign jurisdiction   1,225    -9.52%   2,612    -13.99%   2,505    -14.33%   1,948    -14.33%
Reconciling items:                                        
Non-deductible expenses   181    -1.40%   94    -0.50%   104    -0.60%   81    -0.60%
Government grant not subject to tax   (7)   0.05%   (6)   0.03%   (4)   0.02%   (3)   0.02%
Valuation allowance for tax losses   778    -6.04%   474    -2.54%   236    -1.35%   184    -1.35%
Others   11    -0.09%   -    -    162    0.92%   126    0.92%
Tax charge   -    0.00%   -    0.00%   32    -0.18%   25    -0.18%

Schedule of components of deferred tax balances

Significant components of the Company’s deferred tax balances as of December 31, 2025 and 2024 are as follows:

 

  

December 31,

2024

  

December 31,

2025

  

December 31,

2025

 
   S$’000   S$’000   US$’000 
Deferred tax assets            
Tax losses carry forwards  3,109   3,345   2,601 
Less: Valuation allowance   (3,109)   (3,345)   (2,601)
Total deferred tax assets   -    -    - 
                
Deferred tax liabilities            
Total deferred tax liabilities   32    -    -