Reported Earnings • Apr 19
Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024) Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% 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 87% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. 공지 • Apr 16
Serial System Ltd, Annual General Meeting, Apr 30, 2026 Serial System Ltd, Annual General Meeting, Apr 30, 2026, at 11:00 Singapore Standard Time. Location: 8 ubi view, 05-01, serial system building, singapore 408554, Singapore Reported Earnings • Mar 02
Full year 2025 earnings released: EPS: US$0.003 (vs US$0.001 in FY 2024) Full year 2025 results: EPS: US$0.003 (up from US$0.001 in FY 2024). Revenue: US$860.5m (up 9.1% from FY 2024). Net income: US$2.29m (up 344% from FY 2024). Profit margin: 0.3% (up from 0.1% 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 87% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Mar 02
New major risk - Revenue and earnings growth Earnings have declined by 21% 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 Interest payments are not well covered by earnings (0.9x net interest cover). Earnings have declined by 21% per year over the past 5 years. Minor Risk Market cap is less than US$100m (S$68.8m market cap, or US$54.2m). New Risk • Feb 23
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 Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (S$73.3m market cap, or US$58.0m). 공지 • Jan 19
Serial System Ltd Announces Board Changes, with Effect from 1 February 2026 The Board of Directors of Serial System Ltd. announced the following: Re-designation of Executive Director to Non-Executive Director and Changes in Appointment: Ms. Victoria Goh Si Hui will be re-designated from Executive Director to Non-Executive Director of the Company following her appointment as chief executive officer and executive director of Serial Achieva Limited, a 77.64%- owned subsidiary listed on the Catalist Board of the Singapore Exchange, with effect from 1 February 2026. She will also relinquish her roles of Group Vice President, Business Development & Marketing, and Chief Operating Officer of Consumer Products Distribution Division of Serial System Ltd, and be re-designated as non-executive director of all subsidiaries and associated companies within the Serial System Ltd. group with effect from 1 February 2026. Ms. Victoria Goh Si Hui will continue to oversee and manage the business of Serial Multivision Pte. Ltd., a wholly-owned subsidiary engaged in hospitality and healthcare solutions, which is a non-core business segment classified under ‘Other Businesses’ of Serial System Ltd. Changes in the Composition of the Board of Directors: Taking into account the above, the composition of the Board of the Company shall be reconstituted as follows with effect from 1 February 2026:- Board of Directors: Mr. Derek Goh Bak Heng: Executive Chairman and Group Chief Executive Officer; Mr. Teo Ser Luck: Non-Executive Deputy Chairman and Lead Independent Director; Mr. Sean Goh Su Teng: Executive Director and Deputy Group Chief Executive Officer; Mr. Heng Yeow Meng Michael: Independent Director and Audit Committee Chairman; Mr. Lye Hoong Yip Raymond: Independent Director and Remuneration Committee Chairman; Mr. Khua Kian Kheng Ivan: Independent Director and Nominating Committee Chairman; Mr. Ng Yong Hwee: Independent Director; Mr. Goi Kok Ming Kenneth: Non-Executive Director; Ms. Victoria Goh Si Hui: Non-Executive Director. There will be no changes to the composition of the Audit Committee, Nominating Committee, Remuneration Committee and Serial System Employee Share Option Scheme 2024 Committee of the Company. 
