Reported Earnings • Aug 13
First half 2026 earnings released: EPS: S$0.009 (vs S$0.004 in 1H 2025) First half 2026 results: EPS: S$0.009 (up from S$0.004 in 1H 2025). Revenue: S$73.5m (up 9.3% from 1H 2025). Net income: S$2.27m (up 139% from 1H 2025). Profit margin: 3.1% (up from 1.4% in 1H 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Announcement • Apr 07
Natural Cool Holdings Limited, Annual General Meeting, Apr 22, 2025 Natural Cool Holdings Limited, Annual General Meeting, Apr 22, 2025, at 10:00 Singapore Standard Time. Location: 87 defu lane 10, 02-01, singapore 539219, Singapore Reported Earnings • Aug 14
First half 2024 earnings released: EPS: S$0.002 (vs S$0.003 in 1H 2023) First half 2024 results: EPS: S$0.002 (down from S$0.003 in 1H 2023). Revenue: S$67.8m (down 1.6% from 1H 2023). Net income: S$501.0k (down 28% from 1H 2023). Profit margin: 0.7% (down from 1.0% in 1H 2023). 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 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: S$0.002 (vs S$0.006 in FY 2022) Full year 2023 results: EPS: S$0.002 (down from S$0.006 in FY 2022). Revenue: S$144.2m (down 3.7% from FY 2022). Net income: S$607.0k (down 56% from FY 2022). Profit margin: 0.4% (down from 0.9% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Apr 13
Natural Cool Holdings Limited, Annual General Meeting, Apr 29, 2024 Natural Cool Holdings Limited, Annual General Meeting, Apr 29, 2024, at 10:00 Singapore Standard Time. Location: 11 Eunos Road 8, Training Room 1-1 (Level 1 Lobby A) Singapore Singapore Agenda: To receive and adopt the Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2023 and the Independent Auditor's Report thereon; to re-elect Mr Tan Siew Bin Ronnie who is retiring by rotation pursuant to Regulation 90 of the Company's Constitution as Director of the Company; to re-elect Mr Choy Bing Choong who is retiring by rotation pursuant to Regulation 90 of the Company's Constitution as Director of the Company; and to consider other matters. New Risk • Mar 07
New major risk - Revenue and earnings growth Earnings have declined by 18% 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 Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (€5.15m market cap, or US$5.61m). New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Share price has been highly volatile over the past 3 months (26% average weekly change). Market cap is less than US$10m (€4.98m market cap, or US$5.40m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Reported Earnings • Aug 15
First half 2023 earnings released: EPS: S$0.003 (vs S$0.014 in 1H 2022) First half 2023 results: EPS: S$0.003 (down from S$0.014 in 1H 2022). Revenue: S$69.0m (down 3.0% from 1H 2022). Net income: S$693.0k (down 81% from 1H 2022). Profit margin: 1.0% (down from 5.0% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 3.7% 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 Share price has been highly volatile over the past 3 months (82% average weekly change). Earnings have declined by 3.7% per year over the past 5 years. Market cap is less than US$10m (€4.56m market cap, or US$5.00m). Announcement • Aug 12
Natural Cool Holdings Limited Announces Management Changes Natural Cool Holdings Limited refers to its announcement "Reconstitution of The Board and Board Committees" dated 23 June 2023 and wishes to announce the following re-designations with effect from 11 August 2023. The Nominating Committee ("NC") has assessed and is of the view that the following Directors possess the requisite qualifications and experiences to assume the chairmanships of the respective Board and Board Committees. The Board had further considered and accepted the recommendation of the NC in relation to the following re-designations: Choy Bing Choong from Executive Director and Group Chief Operating Officer to Executive Chairman; Tran Phuoc (Lucas Tran) from Independent Non-Executive Director Acting Chairman of the Remuneration Committee Member of the Audit and Risk Committee, and Nominating Committee to Lead Independent Non-Executive Director Chairman of the Audit and Risk Committee Member of the Remuneration Committee, and Nominating Committee and Lau Lee Hua from Independent Non-Executive DirectorChairman of the Audit and Risk Committee Member of the Remuneration Committee, and Nominating Committee to Independent Non-Executive Director Chairman of the Remuneration Committee Member of the Audit and Risk Committee, and Nominating Committee. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: S$0.006 (vs S$0.023 loss in FY 2021) Full year 2022 results: EPS: S$0.006 (up from S$0.023 loss in FY 2021). Revenue: S$149.7m (up 1.1% from FY 2021). Net income: S$1.39m (up S$7.05m from FY 2021). Profit margin: 0.9% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 02
Full year 2022 earnings released Full year 2022 results: Revenue: S$149.5m (up 1.0% from FY 2021). Net income: S$2.01m (up S$7.67m from FY 2021). Profit margin: 1.3% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Announcement • Feb 04
Natural Cool Holdings Limited Announces the Retirement of Goh Teck Sia as Independent Non-Executive Director, Chairman of the Board and Remuneration Committee, Member of the Audit and Risk Committee and Nominating Committee, Effective 27 April 2023 Natural Cool Holdings Limited announced the retirement of Goh Teck Sia as Independent Non-Executive Director, Chairman of the Board and Remuneration Committee, Member of the Audit and Risk Committee and Nominating Committee. Mr. Goh Teck Sia will retire as an Independent Non-Executive Director of the Company on 27 April 2023 to pursue personal commitments such as his involvement in voluntary work with the Singapore Police Retirees' Association. Further to Mr. Goh's retirement as an Independent Non-Executive Director, he will also relinquish his position as Chairman of the Board and Remuneration Committee, as well as Member of the Audit and Risk Committee and the Nominating Committee. After having interviewed Mr. Goh and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no material reasons for the retirement of Mr. Goh as the Independent Director of the Company. Announcement • Nov 12
Natural Cool Holdings Limited Appoints Tran Phuoc as Independent Non-Executive Director, Independent Non-Executive Director, Member of the Audit and Risk, Nominating and Remuneration Committees Natural Cool Holdings Limited Appointed Tran Phuoc as Independent Non-Executive Director, Independent Non-Executive Director, Member of the Audit and Risk, Nominating and Remuneration Committees. Board Comments Mr. Tran has extensive experience with over thirty-five years of public accounting experience in auditing, and providing accounting and related advice on financial reporting matters, as well as regulatory compliance matters relating to the Companies Act and SGX-ST listing rules. He has assisted companies in initial public offerings, reverse takeovers, bond issuance and other capital raising exercises. He has also advised companies in restructuring exercises, and merger and acquisitions transactions. These will enhance the core competency and diversity of skills of the current Board. Having considered the recommendation of the Nominating Committee, and Mr. Tran's academic and professional qualification, business experience, competencies, and other qualities in relation to the Company's business activities and strategic goals, the Board approved the appointment of Mr. Tran as an Independent Non-Executive Director of the Company. The Board considered Mr. Tran to be independent for the purpose of Rule 704(7) of the Singapore Exchange Securities Trading Limited Listing Manual Section B: Rules of Catalist. Working Experience May 2021 to present Partner of WLT Assurance LLP January 2021 to June 2021 Partner of RSM Chio Lim LLP September 2001 to September 2020 Partner of KPMG LLP. Director Experience Details During his twenty plus years career with KPMG Singapore, Mr. Tran was the audit engagement partner for numerous listed companies. He was involved in capital raising exercises as reporting accountants, participated in audit committee and board meetings on continuing compliance obligations of listed companies, as well as governance and risk management projects. As a result, Mr. Tran understands the roles and responsibilities, and the practical aspects of a director of listed companies. Further more, over the last two years, Mr. Tran has been appointed as director of non-listed companies in the capacity of Audit and Risk Committee Chair. Nonetheless, Mr. Tran has completed certain SID programs for listed company directors and the Company will arrange for Mr. Tran to complete the remaining mandatory training modules within one year from the date of his appointment. Mr. Tran attended the following events conducted by SID in 2021 and 2022: - Listed entity director essentials - ACRA-SGX-SID audit committee seminar 2022 - Environmental, social and governance essentials - Maximising the value of internal audit. Working Experience May 2021 to present Partner of WLT Assurance LLP January 2021 to June 2021 Partner of RSM Chio Lim LLP September 2001 to September 2020 Partner of KPMG LLP. Reported Earnings • Aug 09
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down S$267.0k from profit in 1H 2021). Profit margin: (down from 0.4% in 1H 2021). Reported Earnings • Apr 08
Full year 2021 earnings released: S$0.023 loss per share (vs S$0.005 profit in FY 2020) Full year 2021 results: S$0.023 loss per share (down from S$0.005 profit in FY 2020). Revenue: S$148.0m (up 23% from FY 2020). Net loss: S$5.66m (down S$6.93m from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 02
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: S$148.0m (up 23% from FY 2020). Net loss: S$5.66m (down S$6.93m from profit in FY 2020). Revenue was in line with analyst estimates. Announcement • Jan 18
Natural Cool Holdings Limited (Catalist:5IF) agreed to acquire a 51% stake in IFocus Pte Ltd from Ng Choon Tiong and Kuo Wen Siang for SGD 3.06 million. Natural Cool Holdings Limited (Catalist:5IF) agreed to acquire a 51% stake in IFocus Pte Ltd from Ng Choon Tiong and Kuo Wen Siang for SGD 3.06 million on January 17, 2022. The Proposed Acquisition will be funded by internal resources of the Group. Completion of transaction is subjected to completion of a business, legal and financial due diligence exercise on the Target by the Company and its representatives and advisers, and the results of such exercise being satisfactory to the Company in its absolute discretion, compliance with all applicable requirements as prescribed under the Catalist Rules in relation to the Proposed Acquisition and if necessary, obtaining approval from the shareholders of the Company and SGX-ST in relation to the Proposed Acquisition, the Vendors owning 100% of the issued and paid-up share capital of the Target prior to Completion, the Target having an aggregate cash balance in its bank accounts of not less than SGD 790,000 which shall include the amount to be utilised by the Company as incentive payments and staff retention payments to certain employees to be specified by the Vendors and the refundable cash deposit paid by the Company to the Housing Development Board, and a net asset value (including the said cash balance) of not less than SGD 1,000,000 as at the date of Completion, finalisation of the service agreements to be entered into between the Target and each of the Vendors respectively with a term of at least three (3) years, in form and substance acceptable to the parties, execution of the shareholders agreement in relation to the Target to be entered into by the Company, the Vendors and the Target and all Approvals which are material for the carrying on of the business of the Target immediately after Completion being granted by all third parties including all governmental authorities, to Company, the Vendors and the Target. Conditions Precedent is not fulfilled or waived by the Company on or before 31 January 2022 or such other date as the parties may mutually agree in writing, the Agreement shall ipso facto cease and determine and none of the parties to the Agreement shall have any claim against the other party for costs, damages, compensation or otherwise, save for, amongst others, any claim by the Company against the Vendors arising from a breach of its undertaking to procure fulfilment of certain Conditions Precedent. Announcement • Dec 29
Natural Cool Holdings Limited (Catalist:5IF) completed the acquisition of Nam Fang Co pte ltd from Chew Kiat Keong Andrew. Natural Cool Holdings Limited (Catalist:5IF) entered into a sale and purchase agreement to acquire 51% stake in Nam Fang Co pte ltd from Chew Kiat Keong Andrew for SGD 0.4726 million on December 20, 2021. The consideration shall be satisfied wholly in cash on the date of completion of the proposed acquisition, and is funded by internal resources of the Group. The completion is subject to the fulfilment and satisfaction of the conditions precedent, including legal and financial due diligence exercise on the target, and obtaining regulatory and Natural Cool Holdings Limited shareholders approval.
Natural Cool Holdings Limited (Catalist:5IF) completed the acquisition of Nam Fang Co pte ltd from Chew Kiat Keong Andrew on December 28, 2021. Reported Earnings • Aug 09
First half 2021 earnings released: EPS S$0.001 (vs S$0.001 in 1H 2020) The company reported a mediocre first half result with weaker earnings and profit margins, although revenues improved. First half 2021 results: Revenue: S$74.6m (up 48% from 1H 2020). Net income: S$267.0k (down 4.6% from 1H 2020). Profit margin: 0.4% (down from 0.6% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Executive Departure • May 04
Independent Non-Executive Director has left the company On the 28th of April, Mahtani Bhagwandas' tenure as Independent Non-Executive Director ended after 2.4 years in the role. We don't have any record of a personal shareholding under Mahtani's name. Mahtani is the only executive to leave the company over the last 12 months. Announcement • Apr 29
Natural Cool Holdings Limited Approves the Declaration of a First and Final Tax Exempt (One-Tier) Dividend for Financial Year Ended 31 December 2020 Natural Cool Holdings Limited at its AGM held on April 28, 2021, approved the declaration of a first and final tax exempt (one-tier) dividend of SGD 0.15 cents per ordinary share for financial year ended 31 December 2020. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS S$0.005 (vs S$0.008 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: S$120.2m (down 16% from FY 2019). Net income: S$1.27m (up S$3.25m from FY 2019). Profit margin: 1.1% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 27
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$120.2m (down 16% from FY 2019). Net income: S$1.27m (up S$3.25m from FY 2019). Profit margin: 1.1% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. 
