v3.26.1
Share-based compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of share-based payment expenses

 

   2023   2024   2025   2025 
   Year Ended December 31, 
   2023   2024   2025   2025 
   S$’000   S$’000   S$’000   US$’000 
                     
Share-based compensation   6,959    10,347    11,099    8,631 
Schedule of measurement of fair values and inputs at grant date

The fair value of the Class A Ordinary Shares issued to employees was measured using the Black-Scholes method. A summary of the measurement of the fair values and inputs at grant date is as follows:

 

   2023 
     
Fair value at grant date (weighted average)   0.81 - 1.18 
Exercise price at grant date (weighted average)   0.0002 
Expected volatility (weighted average)   1.74%
Expected terms (days) (weighted average)   4 
Expected dividend (weighted average)   0%
Risk-free interest rate (weighted average)   5.51%
Schedule of grant dates and valuation

The fair value of the equity awards was measured based on the closing market price of the Company’s shares on the respective grant dates, consistent with ASC 718.

 

Grant  Shares   Grant date  Share price   Fair value 
March 2025 issuance   3,000,000   Mar 13, 2025  US$0.32    US$960,000  
October 2025 issuance   2,000,000   Oct 2, 2025  US$0.38    US$760,000  
December 2025 issuance   5,500,000   Oct 2, 2025  US$0.38    US$2,090,000  
Performance-based awards (accrued portion)   10,500,000   Oct 2, 2025  US$0.38    US$3,990,000