Reported Earnings • Apr 19
Full year 2025 earnings released: EPS: S$0 (vs S$0.008 loss in FY 2024) Full year 2025 results: EPS: S$0 (improved from S$0.008 loss in FY 2024). Revenue: S$9.43m (up 14% from FY 2024). Net income: S$7.0k (up S$1.23m from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Apr 15
Shanaya Limited, Annual General Meeting, Apr 29, 2026 Shanaya Limited, Annual General Meeting, Apr 29, 2026, at 10:00 Singapore Standard Time. Location: 3a tuas south street 15, singapore 636845, Singapore New Risk • Mar 10
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 62% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (S$11.0m market cap, or US$8.64m). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 04
Full year 2025 earnings released Full year 2025 results: Revenue: S$9.43m (up 14% from FY 2024). Net income: S$7.0k (up S$1.23m from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). 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 Risk Market cap is less than US$10m (S$11.2m market cap, or US$8.85m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Announcement • Oct 22
Shanaya Limited has withdrawn its Follow-on Equity Offering in the amount of SGD 5.28 million. Shanaya Limited has withdrawn its Follow-on Equity Offering in the amount of SGD 5.28 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 96,000,000
Price\Range: SGD 0.055
Transaction Features: Subsequent Direct Listing New Risk • Sep 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$12.6m (US$9.88m) 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Market cap is less than US$10m (S$12.6m market cap, or US$9.88m). Reported Earnings • Aug 18
First half 2025 earnings released: S$0.002 loss per share (vs S$0.006 loss in 1H 2024) First half 2025 results: S$0.002 loss per share (improved from S$0.006 loss in 1H 2024). Revenue: S$4.14m (down 3.9% from 1H 2024). Net loss: S$446.0k (loss narrowed 29% from 1H 2024). 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 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 01
Now 22% undervalued Over the last 90 days, the stock has risen 63% to S$0.067. The fair value is estimated to be S$0.086, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 73%. Buy Or Sell Opportunity • Jul 16
Now 24% undervalued Over the last 90 days, the stock has risen 27% to S$0.066. The fair value is estimated to be S$0.087, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 73%. Reported Earnings • Apr 15
Full year 2024 earnings released: S$0.008 loss per share (vs S$0.01 loss in FY 2023) Full year 2024 results: S$0.008 loss per share. Revenue: S$8.25m (down 2.2% from FY 2023). Net loss: S$1.22m (loss widened 12% from FY 2023). Announcement • Apr 14
Shanaya Limited, Annual General Meeting, Apr 29, 2025 Shanaya Limited, Annual General Meeting, Apr 29, 2025, at 10:00 Singapore Standard Time. Location: 3a tuas south street 15, singapore 636845, Singapore New Risk • Mar 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Market cap is less than US$10m (S$12.2m market cap, or US$9.15m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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 Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Market cap is less than US$10m (S$11.5m market cap, or US$8.51m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Announcement • Feb 28
Shanaya Limited has filed a Follow-on Equity Offering in the amount of SGD 5.28 million. Shanaya Limited has filed a Follow-on Equity Offering in the amount of SGD 5.28 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 96,000,000
Price\Range: SGD 0.055
Transaction Features: Subsequent Direct Listing New Risk • Dec 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: S$13.5m (US$9.97m) 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 Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Market cap is less than US$10m (S$13.5m market cap, or US$9.97m). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Buy Or Sell Opportunity • Aug 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 52% to S$0.024. The fair value is estimated to be S$0.031, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last year. Earnings per share has declined by 8.4%. Board Change • Jun 14
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Non-Executive Non-Independent Director Kian Soon Ong is the most experienced director on the board, commencing their role in 1998. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Non-Executive Non-Independent Director Kian Soon Ong is the most experienced director on the board, commencing their role in 1998. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • May 01
Shanaya Limited Announces Appointment of Ch Ng Li-Ling as Independent and Non-Executive Director, Chairperson of Nominating Committee, Members of Audit and Remuneration Committees, Effective May 01, 2024 Shanaya Limited Board of Directors, having considered the assessment and recommendation by the Nominating Committee, and having reviewed and considered Ms Ch'ng Li-Ling's qualifications and experiences, is of the view that Ms Ch'ng Li-Ling possesses the requisite experience and capabilities to assume the role as an Independent Director of the Company. Job Title: Independent and Non-Executive Director, Chairperson of Nominating Committee, Members of Audit and Remuneration Committees. Working Experience: May 2011 to Present - Partner, RHTLaw Asia LLP May 2019 to Present - Head, Financial Services (Regulatory) & Technology Practice May 2011 to May 2019 - Co-Head, Capital Markets Practice. Other DirectorShips Past: Anchor Resources Limited; Declout Limited. Other DirectorShips Present: LHN Limited; Biolidics Limited. Director Experience Details: Biolidics Limited - Independent Non-Executive Director; LHN Limited - Lead Independent Non-Executive Director. Professional Qualifications: Master of Laws (Merit), University of London; Bachelor of Laws (Honours),University of London; Bachelor of Arts (Honours), National University of Singapore; Advocate and Solicitor, Supreme Court of Singapore. Appointment Date is May 01, 2024. Announcement • Apr 30
Shanaya Limited Announces Appointment of Abuthahir S/O Abdul Gafoor as Independent and Non-Executive Director, Chairman of Audit Committee, Members of Nominating and Remuneration Committees, Effective May 01, 2024 Independent and Non-Executive Director, Chairman of Audit Committee, Members of Nominating and Remuneration Committees. Board of Directors, having considered the assessment and recommendation by the Nominating Committee, and having reviewed and considered Mr. Abuthahir S/O Abdul Gafoor's qualifications and experiences, is of the view that Mr. Abuthahir S/O Abdul Gafoor possesses the requisite experience and capabilities to assume the role as an Independent Director of the Company. Job Title: Independent and Non-Executive Director, Chairman of Audit Committee, Members of Nominating and Remuneration Committees. Working Experience: 2018 to Current: AAG Corporate Advisory Pte Ltd. - Executive Director 2010 to 2018: RSM Corporate Advisory Pte Ltd. - Director. Other DirectorShips Present: Berjaya Kyoto Development (S) Pte Ltd. - Director; The Masonic Hall Board Ltd. - Director; Berjaya Okinawa Investment (S) Pte Ltd. - Director. Director Experience Details: The director will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. Professional Qualifications: Institute of Singapore Chartered Accountants; Insolvency Practitioners Association of Singapore; Bachelor of Accountancy, National University of Singapore. Appointment date is May 01, 2024. Announcement • Apr 11
Shanaya Limited, Annual General Meeting, Apr 26, 2024 Shanaya Limited, Annual General Meeting, Apr 26, 2024, at 10:00 Singapore Standard Time. Location: 3A Tuas South Street 15 Singapore 636845 Singapore Singapore Agenda: To discuss Directors' Statement and Audited Financial Statements for the financial year ended 31 December 2023; to Re-election of Mr Sukhvinder Singh Chopra as a Director; to Approval of Directors' fees; to discuss Re-appointment of BDO LLP to act jointly and severally as auditors; to discuss Authority to allot and issue new shares; to discuss Authority to allot and issue shares under the Shanaya Employee Share Option Scheme; and to discuss Authority to allot and issue shares under the Shanaya Performance Share Plan. Reported Earnings • Feb 28
Full year 2023 earnings released: S$0.01 loss per share (vs S$0.013 loss in FY 2022) Full year 2023 results: S$0.01 loss per share (improved from S$0.013 loss in FY 2022). Revenue: S$9.74m (up 26% from FY 2022). Net loss: S$1.09m (loss narrowed 24% from FY 2022). New Risk • Feb 26
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 Shares are highly illiquid. Market cap is less than US$10m (S$5.64m market cap, or US$4.20m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Announcement • Jan 01
Shanaya Limited has filed a Follow-on Equity Offering in the amount of SGD 2.02868 million. Shanaya Limited has filed a Follow-on Equity Offering in the amount of SGD 2.02868 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 81,147,200
Price\Range: SGD 0.025
Transaction Features: Rights Offering Reported Earnings • Aug 12
First half 2023 earnings released First half 2023 results: S$0.004 loss per share. Net loss: S$464.0k (flat on 1H 2022). Reported Earnings • Mar 02
Full year 2022 earnings released: S$0.013 loss per share (vs S$0.051 loss in FY 2021) Full year 2022 results: S$0.013 loss per share (improved from S$0.051 loss in FY 2021). Revenue: S$8.04m (up 26% from FY 2021). Net loss: S$1.43m (loss narrowed 70% from FY 2021). Announcement • Aug 03
Shanaya Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended June 30, 2022 Shanaya Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2022. The group is expected to report a net loss for first half of 2022. The net loss for first half of 2022 is primarily attributable to the following: Delay in the commencement of biomedical waste treatment operations due to the Ukraine war which had impacted the supply chain, resulted in the delay of the arrival of the waste incineration plant previously ordered by the Group; Muted recovery of Singapore's cruise shipping industry which continued to contribute significantly low ship waste collection volume during 1HFY2022 notwithstanding the Group's enlarged capacity to handle larger waste volume; COVID-induced disruptions in manpower which affected the progress of the Group's new business initiatives such as general waste sorting and oil waste recycling; Commencement of depreciation of Tuas Facility with effect from 1 June 2021; and Increased overheads including the price-hike-driven higher diesel expenses and professional fees which need to be incurred following the completion of reverse acquisition last year. Announcement • Apr 12
Shanaya Limited, Annual General Meeting, Apr 28, 2022 Shanaya Limited, Annual General Meeting, Apr 28, 2022, at 09:00 Singapore Standard Time. Agenda: To receive and adopt the Audited Financial Statements for the financial year ended 31 December 2021 together with the Directors' Statement and the Auditors' Report thereon; to re-elect Mr Tito Shane Isaac, who is retiring pursuant to Regulation 97 of the Company's Constitution and who, being eligible offers himself for re-election, as a Director of the Company; to re-elect Mr Ong Kian Soon, who is retiring pursuant to Regulation 97 of the Company's Constitution and who, being eligible offers himself for re-election, as a Director of the Company; to approve the payment of Directors' fees of S$54,147 for the financial period from 1 April 2021 to 31 December 2021; to approve the payment of Directors' fees of up to S$84,000 for the financial year ending 31 December 2022, payable quarterly in arrears; and to transact other business. Announcement • Dec 12
Shanaya Limited Announces Fire Incident At the Group's Tuas Facility on 8 December 2021 The Board of Directors of Shanaya Limited announced that a fire incident had occurred on 8 December 2021 at approximately 11.30 p.m. at the Group's general waste management facility located at 3A Tuas South Street 15, Singapore 636845. 
