Announcement • Apr 11
Gallant Venture Ltd., Annual General Meeting, Apr 29, 2026 Gallant Venture Ltd., Annual General Meeting, Apr 29, 2026, at 10:00 Singapore Standard Time. Location: venus i ballroom, furama riverfront singapore, 405 havelock road, singapore 169633, Singapore Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: S$0.002 (vs S$0.009 loss in FY 2024) Full year 2025 results: EPS: S$0.002 (up from S$0.009 loss in FY 2024). Revenue: S$215.1m (up 13% from FY 2024). Net income: S$10.0m (up S$56.7m from FY 2024). Profit margin: 4.7% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Feb 24
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 (0.7x net interest cover). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Aug 12
First half 2025 earnings released: EPS: S$0.004 (vs S$0.005 loss in 1H 2024) First half 2025 results: EPS: S$0.004 (up from S$0.005 loss in 1H 2024). Revenue: S$100.5m (up 7.8% from 1H 2024). Net income: S$20.4m (up S$49.4m from 1H 2024). Profit margin: 20% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • Apr 11
Gallant Venture Ltd., Annual General Meeting, Apr 28, 2025 Gallant Venture Ltd., Annual General Meeting, Apr 28, 2025, at 10:00 Singapore Standard Time. Location: orchid ballroom, holiday inn singapore orchard city centre, 11 cavenagh road, singapore 229616, Singapore Reported Earnings • Mar 01
Full year 2024 earnings released: S$0.01 loss per share (vs S$0.003 loss in FY 2023) Full year 2024 results: S$0.01 loss per share (further deteriorated from S$0.003 loss in FY 2023). Revenue: S$190.9m (up 4.5% from FY 2023). Net loss: S$57.4m (loss widened 287% from FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Feb 24
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 Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-S$84m). Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Announcement • Oct 04
Gallant Venture Ltd. Announces Changes to Nominating Committee Gallant Venture Ltd. announced appointment of Mr. I Gusti Putu Suryawirawan in place of Mr. Tan Boon Hwa as Chairman of the Nominating Committee. the reconstitution of the Nominating Committee is follows: Mr. I Gusti Putu Suryawirawan as Chairman, Mr. Lim Chee San and Mr. Tan Boon Hwa as Members. New Risk • Aug 14
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 13% 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-S$84m). Share price has been volatile over the past 3 months (13% average weekly change). Reported Earnings • Aug 13
First half 2024 earnings released: S$0.005 loss per share (vs S$0 in 1H 2023) First half 2024 results: S$0.005 loss per share (further deteriorated from S$0 in 1H 2023). Revenue: S$93.3m (up 6.1% from 1H 2023). Net loss: S$29.0m (down S$29.8m from profit in 1H 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Aug 09
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -S$84m This is considered a minor 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. This is currently the only risk that has been identified for the company. Announcement • Aug 09
Gallant Venture Ltd. to Report First Half, 2024 Results on Aug 08, 2024 Gallant Venture Ltd. announced that they will report first half, 2024 results on Aug 08, 2024 Announcement • Feb 27
Gallant Venture Ltd., Annual General Meeting, Apr 29, 2024 Gallant Venture Ltd., Annual General Meeting, Apr 29, 2024. Agenda: To consider retirement of Mr. Lim Hock San from the board; to consider appointment of Directors. Reported Earnings • Feb 27
Full year 2023 earnings released: S$0.003 loss per share (vs S$0.002 loss in FY 2022) Full year 2023 results: S$0.003 loss per share (further deteriorated from S$0.002 loss in FY 2022). Revenue: S$182.7m (up 9.5% from FY 2022). Net loss: S$15.3m (loss widened 13% from FY 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 21
Gallant Venture Ltd. Provides Earnings Guidance for the Year Ended December 31, 2023 Gallant Venture Ltd. provided earnings guidance for the year ended December 31, 2023. For the period, the Group is expected to report a net loss for Financial Year 2023. The net loss is mainly due to higher finance costs and lower profit contributions from the associated companies. Announcement • Feb 20
Gallant Venture Ltd. to Report Fiscal Year 2023 Results on Feb 29, 2024 Gallant Venture Ltd. announced that they will report fiscal year 2023 results on Feb 29, 2024 Board Change • Oct 11
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Chee San Lim was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 14
First half 2023 earnings released: EPS: S$0 (vs S$0.003 loss in 1H 2022) First half 2023 results: EPS: S$0 (improved from S$0.003 loss in 1H 2022). Revenue: S$87.9m (up 16% from 1H 2022). Net income: S$803.0k (up S$17.6m from 1H 2022). Profit margin: 0.9% (up from net loss in 1H 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 13
Full year 2022 earnings released: S$0.002 loss per share (vs S$0.01 loss in FY 2021) Full year 2022 results: S$0.002 loss per share (improved from S$0.01 loss in FY 2021). Revenue: S$166.8m (up 15% from FY 2021). Net loss: S$12.8m (loss narrowed 77% from FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 25
Full year 2022 earnings released: S$0.002 loss per share (vs S$0.01 loss in FY 2021) Full year 2022 results: S$0.002 loss per share (improved from S$0.01 loss in FY 2021). Revenue: S$166.8m (up 15% from FY 2021). Net loss: S$12.8m (loss narrowed 77% from FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Chee San Lim was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 09
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up S$25.3m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 7 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Chee San Lim was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 15
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: S$0.01 loss per share (up from S$0.011 loss in FY 2020). Revenue: S$145.1m (up 5.0% from FY 2020). Net loss: S$55.6m (loss narrowed 5.9% from FY 2020). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Apr 14
Gallant Venture Ltd., Annual General Meeting, Apr 29, 2022 Gallant Venture Ltd., Annual General Meeting, Apr 29, 2022, at 10:00 Singapore Standard Time. Agenda: To receive and adopt the Audited Financial Statements of the Company for the financial year ended 31 December 2021 together with the Directors' Statement and Auditor's Report thereon; to approve the Directors' fee of S$360,000 for the financial year ended 31 December 2021 (2020: S$405,000/-); to re-elect the Directors retiring under Regulation 111 of the Constitution of the Company; and to consider other matters. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: S$0.011 loss per share (vs S$0.011 loss in FY 2020). Revenue: S$145.1m (up 5.0% from FY 2020). Net loss: S$57.5m (loss narrowed 2.6% from FY 2020). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 09
First half 2021 earnings released: S$0.005 loss per share (vs S$0.005 loss in 1H 2020) The company reported a soft first half result with increased losses and weaker control over costs, although revenues improved. First half 2021 results: Revenue: S$72.6m (up 1.4% from 1H 2020). Net loss: S$25.3m (loss widened 2.0% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 02
Gallant Venture Ltd. to Report Fiscal Year 2020 Results on Feb 26, 2021 Gallant Venture Ltd. announced that they will report fiscal year 2020 results on Feb 26, 2021 Announcement • Jul 31
Gallant Venture Ltd. to Report First Half, 2020 Results on Aug 14, 2020 Gallant Venture Ltd. announced that they will report first half, 2020 results on Aug 14, 2020