Reported Earnings • May 26
Full year 2026 earnings released: EPS: S$0.013 (vs S$0.007 in FY 2025) Full year 2026 results: EPS: S$0.013 (up from S$0.007 in FY 2025). Revenue: S$49.9m (up 2.7% from FY 2025). Net income: S$1.33m (up 71% from FY 2025). Profit margin: 2.7% (up from 1.6% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 24
Jason Marine Group Limited Declares First and Final Dividend (One-Tier Tax Exempt) in Respect of the Financial Year Ended 31 March 2025 Jason Marine Group Limited at its AGM held on July 24, 2025 declared first and final dividend (one-tier tax exempt) of 0.50 Singapore cents per ordinary share in respect of the financial year ended 31 March 2025. New Risk • Jul 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.6m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 58% per year over the past 5 years. Market cap is less than US$10m (S$12.6m market cap, or US$9.86m). Minor Risk Paying a dividend despite having no free cash flows. Declared Dividend • Jul 24
Dividend increased to S$0.005 Dividend of S$0.005 is 100% higher than last year. Ex-date: 6th August 2025 Payment date: 22nd August 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years. Reported Earnings • Jul 11
Full year 2025 earnings released: EPS: S$0.007 (vs S$0.001 in FY 2024) Full year 2025 results: EPS: S$0.007 (up from S$0.001 in FY 2024). Revenue: S$48.6m (up 40% from FY 2024). Net income: S$777.0k (up S$685.0k from FY 2024). Profit margin: 1.6% (up from 0.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 10
Dividend increased to S$0.005 Dividend of S$0.005 is 100% higher than last year. Ex-date: 6th August 2025 Payment date: 22nd August 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is more than the 19% EPS decline seen over the last 5 years. Annuncio • Jul 08
Jason Marine Group Limited, Annual General Meeting, Jul 24, 2025 Jason Marine Group Limited, Annual General Meeting, Jul 24, 2025, at 10:00 Singapore Standard Time. Location: 194 pandan loop, 05-27 pantech business hub, singapore 128383, Singapore New Risk • Jun 03
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 58% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (S$14.3m market cap, or US$11.1m). Reported Earnings • May 28
Full year 2025 earnings released: EPS: S$0.007 (vs S$0.001 in FY 2024) Full year 2025 results: EPS: S$0.007 (up from S$0.001 in FY 2024). Revenue: S$48.6m (up 40% from FY 2024). Net income: S$777.0k (up S$685.0k from FY 2024). Profit margin: 1.6% (up from 0.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annuncio • Feb 17
Jason Marine Group Limited Announces Change of Company Secretary Jason Marine Group Limited appointed Ms. Lim Mei Hua Lotus Isabella as Company Secretary of the Company with effect from February 17, 2025, in place of Ms. Pan Mi Keay and Ms. Wong Sien Ting, the joint Company Secretaries, who have resigned with effect from February 17, 2025. Annuncio • Aug 23
Jason Marine Group Limited Approves First and Final Dividend for the Financial Year Ended 31 March 2024 Jason Marine Group Limited approved first and final dividend (one-tier tax exempt) of 0.25 Singapore cent per ordinary share in respect of the financial year ended 31 March 2024 at its AGM held on 25 July 2024. Annuncio • Jul 26
Jason Marine Group Limited Announces Redesignation of Colin Low as Lead Independent Director Jason Marine Group Limited announced that Mr. Colin Low, who is currently an Independent Director will be redesignated as Lead Independent Director with effect from 25 July 2024. The Board of Directors of the Company, after having reviewed and considered the qualifications and experience of Mr. Colin Low, has approved his redesignation as Lead Independent Director of the Group. Role And Responsibilities: Non-Executive; Job Title: Lead Independent Director - Chairman of the Nominating Committee - Chairman of the Remuneration Committee - Member of the Audit and Risk Committee. Working Experience: 2011-2018, CEO, Singapore Investment Development Corporation Pte. Ltd. - 2018-2020, Chairman, Singapore Investment Development Corporation Pte. Ltd. - Took on independent directorships on boards of companies on full time basis since 2020. Other Directorships Past: Singapore Investment Development Corporation Pte. Ltd. - Kacific Broadband Satellites Limited - Intraco Limited - BLG Capital Advisors Asia Pte Ltd. - INSEAD University; Other Directorships Present: AET Pte Ltd. - The Diligent Institute (NY, USA); Director Experience Details: Former Independent Director of OSIM International Ltd. - Former Chairman and Independent Director of Intraco Limited (listed on SGX-ST) - Independent Director of Jason Marine Group Limited since 27 July 2021. Professional Qualifications: Bachelor of Science in Management (Honours), Southern Illinois University Carbondale - Bachelor of Science in Marketing (Honours), Southern Illinois University Carbondale - Master of Business Administration, Southern Illinois University Carbondale - Certified International Director, INSEAD University, Fontainebleau France - Leading from the Chair Programme, INSEAD University, Fontainebleau France - Fellow of the Hong Kong Institute of Directors - Lifetime Fellow and Senior Accredited Director of the Singapore Institute of Directors. Declared Dividend • Jul 24
Dividend reduced to S$0.0025 Dividend of S$0.0025 is 67% lower than last year. Ex-date: 7th August 2024 Payment date: 23rd August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (285% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 217% to bring the payout ratio under control. However, EPS has declined by 14% over the last 5 years so the company would need to reverse this trend. Annuncio • Jul 10
Jason Marine Group Limited, Annual General Meeting, Jul 25, 2024 Jason Marine Group Limited, Annual General Meeting, Jul 25, 2024, at 10:00 Singapore Standard Time. Location: 194 pandan loop, 05-27 pantech business hub, singapore 128383, Singapore New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings have declined by 62% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 385% Paying a dividend despite having no free cash flows. Earnings have declined by 62% per year over the past 5 years. High level of non-cash earnings (22% accrual ratio). Market cap is less than US$10m (S$12.0m market cap, or US$8.89m). Minor Risk Profit margins are more than 30% lower than last year (0.3% net profit margin). New Risk • May 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Cash payout ratio: 479% Market cap is less than US$10m (S$12.0m market cap, or US$8.87m). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Large one-off items impacting financial results. Annuncio • Mar 28
Jason Marine Group Limited Promotes Derrick Chan Kwok Yuan as Chief Financial Officer Jason Marine Group Limited considered the recommendations of the CEO and the Remuneration Committee, and assessed Mr. Derrick Chan Kwok Yuan's qualifications, working experience, skills, performance as Financial Controller, and his past contributions to the Group, has approved the promotion of Mr. Derrick Chan Kwok Yuan to Chief Financial Officer. Mr. Derrick Chan Kwok Yuan will be responsible for overseeing all accounting, financial, sustainability reporting and regulatory compliance matters of the Group. Working Experience; 1) Pan Asian Holdings Ltd. (August 2011 to May 2016) - Finance Manager (last held position) 2) Healthway Medical Corporation Ltd. (May 2016 to May 2017) - Finance Manager 3) Atwin Marine Engineering Pte Ltd. (May 2017 to September 2018) - Senior Finance Manager 4) Jason Marine Group Ltd. (September 2018 to November 2018) - Senior Finance Manager 5) Jason Marine Group Ltd. (November 2018 to Present) - Financial Controller. Other DirectorShips Present; Legal Representative, Jason (Shanghai) Co. Ltd. Professional Qualifications; Chartered Accountant with the Institute of Singapore Chartered Accountants. New Risk • Oct 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.6m (US$9.20m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 8.7% per year over the past 5 years. Market cap is less than US$10m (S$12.6m market cap, or US$9.20m). Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin). Annuncio • Jul 27
Jason Marine Group Limited Announces Reconstitution of Board and Board Committees Jason Marine Group Limited announced following the approval of the company's shareholders at the Annual General Meeting held on 25 July 2023 and Mr. Shabbir S/O Hakimuddin Hassanbhai's appointment as an Independent Director of the Company effective on the same day, the composition of the Board and Board committees of the Company shall be reconstituted as follows: Board of Directors: Mr. Foo Chew Tuck (Executive Chairman and Chief Executive Officer); Mr. Wong Hin Sun, Eugene (Deputy Non-Executive Chairman); Ms Eileen Tay-Tan Bee Kiew (Lead Independent Director); Mr. Colin Low Tock Cheong (Independent Director); and Mr. Shabbir S/O Hakimuddin Hassanbhai (Independent Director). Audit and Risk Committee: Ms Eileen Tay-Tan Bee Kiew (Chairperson); Mr. Colin Low Tock Cheong (Member); Mr. Wong Hin Sun, Eugene (Member); and Mr. Shabbir S/O Hakimuddin Hassanbhai (Member). Nominating Committee: Mr. Colin Low Tock Cheong (Chairman); Ms Eileen Tay-Tan Bee Kiew (Member); Mr. Wong Hin Sun, Eugene (Member); and Mr. Shabbir S/O Hakimuddin Hassanbhai (Member). Remuneration Committee: Mr. Colin Low Tock Cheong (Chairman); Ms Eileen Tay-Tan Bee Kiew (Member); Mr. Wong Hin Sun, Eugene (Member); and Mr. Shabbir S/O Hakimuddin Hassanbhai (Member). Reported Earnings • Jul 13
Full year 2023 earnings released: EPS: S$0.001 (vs S$0.002 in FY 2022) Full year 2023 results: EPS: S$0.001 (down from S$0.002 in FY 2022). Revenue: S$30.3m (down 1.9% from FY 2022). Net income: S$140.0k (down 42% from FY 2022). Profit margin: 0.5% (down from 0.8% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Annuncio • Jul 11
Jason Marine Group Limited, Annual General Meeting, Jul 25, 2023 Jason Marine Group Limited, Annual General Meeting, Jul 25, 2023, at 10:00 Singapore Standard Time. Location: 194 Pandan Loop, 05-27 Pantech Business Hub, Sigapore Singapore Agenda: To receive and adopt the audited financial statement of the company for the financial year ended March 31, 2023 the director statement and the report of the auditor thereon; to approve the declaration of final dividend in respect of the financial year ended March 31, 2023; to approve the payment of director fees for the financial year ended March 31, 2023; to appoint Mr. Shabbir Hakimuddin Hassan Bhai as director; to re elect Mr. Foo Chew as a director; and to consider other matters. Reported Earnings • May 31
Full year 2023 earnings released: EPS: S$0.001 (vs S$0.002 in FY 2022) Full year 2023 results: EPS: S$0.001 (down from S$0.002 in FY 2022). Revenue: S$30.3m (down 1.9% from FY 2022). Net income: S$140.0k (down 42% from FY 2022). Profit margin: 0.5% (down from 0.8% in FY 2022). The decrease in margin was driven by lower revenue. Annuncio • Nov 11
Jason Marine Group Limited Announces One-Tier Tax Exempt Dividend for Half Year Financial Period Ended 30 September 2022, Payable on December 13, 2022 Jason Marine Group Limited will be closed on 29 November 2022 for the purpose of determining shareholders' entitlement to the one-tier tax exempt dividend of 0.25 Singapore cent per ordinary share in respect of the half year financial period ended 30 September 2022. Duly completed registrable transfers in respect of the ordinary shares of the Company received by the Company's Share Registrar, B.A.C.S. Private Limited at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, up to 5.00 p.m. on 28 November 2022 will be registered to determine Shareholders' entitlements to the Interim Dividend. Shareholders whose securities accounts with The Central Depository (Pte) Limited are credited with Shares as at 5.00 p.m. on 28 November 2022 will be entitled to the Interim Dividend. Payment of the Interim Dividend will be made on 13 December 2022. Upcoming Dividend • Aug 01
Upcoming dividend of S$0.01 per share Eligible shareholders must have bought the stock before 08 August 2022. Payment date: 25 August 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.5%. Lower than top quartile of Singaporean dividend payers (6.1%). Higher than average of industry peers (1.2%). Annuncio • Jul 27
Jason Marine Group Limited Declares Special One-Tier Tax Exempt Dividend for the Financial Year Ended 31 March 2022 Jason Marine Group Limited at its AGM held on July 26, 2022, the company declared a special one-tier tax exempt dividend of 0.25 Singapore cent per share in respect of the financial year ended 31 March 2022. Reported Earnings • Jul 13
Full year 2022 earnings released: EPS: S$0.002 (vs S$0.003 in FY 2021) Full year 2022 results: EPS: S$0.002 (down from S$0.003 in FY 2021). Revenue: S$30.9m (up 2.6% from FY 2021). Net income: S$240.0k (down 23% from FY 2021). Profit margin: 0.8% (down from 1.0% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Annuncio • Jun 01
Jason Marine Group Limited Announces Designation of Wong Hin Sun, Eugene as Deputy Non-Executive Chairman Member of the Audit and Risk Committee Member of the Nominating Committee Member of the Remuneration Committee Jason Marine Group Limited announced the designation of Wong Hin Sun, Eugene as Deputy Non-Executive Chairman Member of the Audit and Risk Committee Member of the Nominating Committee Member of the Remuneration Committee. Mr. Wong Hin Sun, Eugene, who is currently Non-Independent Non-Executive Director will be redesignated as Deputy Non-Executive Chairman with effect from 1 June 2022. The Board of Directors of the Company, after having reviewed and considered the qualifications and experience of Mr. Wong Hin Sun, Eugene, has approved his redesignation as Deputy Non-Executive Chairman of the Group. Mr. Wong Hin Sun, Eugene founded Sirius Venture Capital Pte. Ltd. and has been its managing director since its incorporation in 2002. Bachelor of Business Administration (first-class honours), National University of Singapore Master of Business Administration, Imperial College of Science, Technology and Medicine, University of London Owners President Management Program, Harvard Business School Chartered Financial Analyst Chartered Director Fellow of the Australian Institute of Company Directors Fellow of the UK Institute of Directors Fellow of the Singapore Institute of Directors. Reported Earnings • May 30
Full year 2022 earnings released: EPS: S$0.002 (vs S$0.003 in FY 2021) Full year 2022 results: EPS: S$0.002 (down from S$0.003 in FY 2021). Revenue: S$30.9m (up 2.6% from FY 2021). Net income: S$240.0k (down 23% from FY 2021). Profit margin: 0.8% (down from 1.0% in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 14
Full year 2021 earnings released: EPS S$0.003 (vs S$0.021 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: S$30.1m (flat on FY 2020). Net income: S$312.0k (down 86% from FY 2020). Profit margin: 1.0% (down from 7.3% in FY 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 22
Full year 2021 earnings released The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: S$30.1m (flat on FY 2020). Net income: S$312.0k (down 86% from FY 2020). Profit margin: 1.0% (down from 7.3% in FY 2020).