Reported Earnings • Apr 18
Full year 2025 earnings released: EPS: S$0 (vs S$0 in FY 2024) Full year 2025 results: EPS: S$0 (in line with FY 2024). Revenue: S$25.3m (up 7.7% from FY 2024). Net loss: S$1.05m (loss narrowed 44% from FY 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. 공시 • Apr 14
Polaris Ltd., Annual General Meeting, Apr 28, 2026 Polaris Ltd., Annual General Meeting, Apr 28, 2026, at 14:00 Singapore Standard Time. Location: 11 eunos road 8, 09-01, lifelong learning institute, training room 1-1, singapore 408601, Singapore New Risk • Mar 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -S$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-S$1.5m free cash flow). Shares are highly illiquid. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$17.1m market cap, or US$13.3m). New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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. Earnings have declined by 29% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (S$17.1m market cap, or US$13.5m). Reported Earnings • Aug 15
First half 2025 earnings released: EPS: S$0 (vs S$0 in 1H 2024) First half 2025 results: EPS: S$0 (in line with 1H 2024). Revenue: S$11.2m (down 4.1% from 1H 2024). Net income: S$209.0k (up S$905.0k from 1H 2024). Profit margin: 1.9% (up from net loss in 1H 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. 공시 • Apr 15
Polaris Ltd., Annual General Meeting, Apr 29, 2025 Polaris Ltd., Annual General Meeting, Apr 29, 2025, at 10:00 Singapore Standard Time. Location: 60 cecil street, 04-02 isca house, function room 3-3, singapore 049709, Singapore Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: S$0 (vs S$0 in 3Q 2023) Third quarter 2024 results: EPS: S$0 (in line with 3Q 2023). Revenue: S$5.65m (down 7.5% from 3Q 2023). Net loss: S$328.0k (loss narrowed 49% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 31% per year. 공시 • May 11
Polaris Ltd. Announces Resignation of Diana Airin as an Independent Non-Executive Director, Effect from 17 May 2024 Polaris Ltd. announced the resignation of Ms. Diana Airin as Independent Non-Executive Director, effect from 17 May 2024. Reason For Cessation: To devote more time to other corporate endeavours. Role And Responsibilities: Carry out the responsibilities as an Independent Non-Executive Director, Chairman of Remuneration Committee, member of Audit and Risk Management and Nominating Committee. Job Title: Independent Non-Executive Director, Chairman of Remuneration Committee, member of Audit and Risk Management and Nominating Committee. Other Director Ships Past: PT Benten Media Global Televisi (MYTV) PT Kapanlagi Network (Kapanlagi.com) PT Media Nusantara Citra Tbk. Other Director Ships Present: PT. Dream Bahagia Indonesia. 공시 • Apr 30
Chong Eng Wee to Appoint as Chairman of NC of Polaris Ltd Polaris Ltd. announced that Mr. Chong Eng Wee will be appointed as the Chairman of the NC after the conclusion of the AGM. Mr. Chong Eng Wee, having been re-elected as a Director of the Company at the AGM, remains as an Independent Non-Executive Director, a member of the ARMC and RC. 공시 • Apr 16
Polaris Ltd., Annual General Meeting, Apr 30, 2024 Polaris Ltd., Annual General Meeting, Apr 30, 2024, at 10:00 Singapore Standard Time. Location: 81 Ubi Avenue 4 #03-11 UB. One Singapore Board Change • Mar 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Executive Chairman of the Board Sugiono Wiyono Sugialam was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Executive Chairman of the Board Sugiono Wiyono Sugialam was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
Full year 2023 earnings released: EPS: S$0 (vs S$0 in FY 2022) Full year 2023 results: EPS: S$0 (in line with FY 2022). Revenue: S$22.5m (down 68% from FY 2022). Net loss: S$2.05m (loss narrowed 43% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. 공시 • Feb 29
Polaris Ltd. Announces Resignation of Wong Leng Yee Serena as Independent Non-Executive Director Chairman of the Audit and Risk Management Committee and A Member of the Nominating Committee and the Remuneration Committee Polaris Ltd. announced resignation of Wong Leng Yee Serena as independent non-executive director chairman of the audit and risk management committee and a member of the nominating committee and the remuneration committee. Other DirectorShips Past: Kamet Wealth Partners Pte. Ltd. Other DirectorShips Present: Sukha Capital Pte. Ltd. Purpose Capital Pte. Ltd. Women In Family Offices Pte. Ltd. Gteat South Gate Pte. Ltd. Reason For Cessation: To devote more time to other corporate endeavours, Ms. Wong Leng Yee Serena has decided to resign as an Independent Non-Executive Director of Polaris Ltd. with effect from 29 February 2024 or once a suitable replacement have been found, whichever is earlier. There is no notice period required to be served by her. Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: S$0 (vs S$0 in FY 2021) Full year 2022 results: EPS: S$0 (in line with FY 2021). Revenue: S$70.1m (up 31% from FY 2021). Net loss: S$3.73m (loss widened S$3.34m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: S$0 (vs S$0 in FY 2021) Full year 2022 results: EPS: S$0 (in line with FY 2021). Revenue: S$70.1m (up 31% from FY 2021). Net loss: S$3.73m (loss widened S$3.34m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$71.0k from 1H 2021). Profit margin: (up from net loss in 1H 2021). Reported Earnings • Jun 10
Full year 2021 earnings released: EPS: S$0 (vs S$0 in FY 2020) Full year 2021 results: EPS: S$0 (vs S$0 in FY 2020). Revenue: S$53.4m (up 63% from FY 2020). Net loss: S$394.0k (loss widened 20% from FY 2020). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: S$0 (vs S$0 in FY 2020). Revenue: S$54.2m (up 65% from FY 2020). Net income: S$82.0k (up S$410.0k from FY 2020). Profit margin: 0.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Executive Departure • Aug 04
Non-Independent & Non-Executive Director Evy Soenarjo has left the company On the 31st of July, Evy Soenarjo's tenure as Non-Independent & Non-Executive Director ended after 1.3 years in the role. We don't have any record of a personal shareholding under Evy's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 3.46 years. Executive Departure • Jun 24
Independent Non-Executive Director Kok Wah Ong has left the company On the 18th of June, Kok Wah Ong's tenure as Independent Non-Executive Director ended after 11.1 years in the role. As of March 2021, Kok Wah still personally held 70.00m shares (S$280k worth at the time). Kok Wah is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.29 years. Executive Departure • Jun 23
Independent Non-Executive Director Kok Wah Ong has left the company On the 18th of June, Kok Wah Ong's tenure as Independent Non-Executive Director ended after 11.1 years in the role. As of March 2021, Kok Wah still personally held 70.00m shares (S$280k worth at the time). Kok Wah is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.29 years. Reported Earnings • Mar 02
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$32.9m (down 40% from FY 2019). Net income: S$210.0k (up 2.4% from FY 2019). Profit margin: 0.6% (up from 0.4% in FY 2019). The increase in margin was driven by lower expenses. 공시 • Feb 26
Polaris Ltd. Appoints Sugiono Wiyono Sugialam as Executive Director and Chairman Polaris Ltd. announced the appointment of Sugiono Wiyono Sugialam as Executive Director and Chairman of the Board, effective Feb. 25, 2021.