JE Cleantech Holdings Limited (JCSE) Income Statement
JCSE 2025 at a glance
Fiscal year ended December 31, 2025 · Singapore dollarsJCSE revenue and net income
Where JCSE's revenue goes
2025Each bar shows an amount and its share of revenue. JCSE kept 15.9% of revenue as net income.
JCSE profit margins
JCSE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.3% | +2.9% | −1.1% | — |
| Gross profit | +11.2% | +4.0% | −0.4% | — |
| Operating income | — | −29.2% | −29.3% | — |
| Net income | +10,012.5% | +39.5% | +13.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
JCSE income statement in Singapore dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | S$20.3M | S$19.3M | S$18.0M | S$18.6M | S$14.8M | S$21.4M | S$18.2M | S$17.9M |
| Cost of revenue | S$14.5M | S$14.1M | S$13.7M | S$13.5M | S$12.4M | S$15.5M | S$13.3M | S$14.0M |
| Gross profit | S$5.8M | S$5.2M | S$4.4M | S$5.1M | S$2.3M | S$5.9M | S$5.0M | S$3.9M |
| Research & development | S$432,000 | S$0 | — | — | — | — | — | — |
| Sales, general & admin | S$4.9M | S$5.0M | S$3.2M | S$3.0M | S$1.9M | S$2.0M | S$2.2M | — |
| Total operating expenses | S$5.1M | S$5.2M | S$3.4M | S$3.4M | S$2.3M | S$2.4M | S$2.6M | S$3.2M |
| Operating income | S$626,000 | −S$30,000 | S$1.0M | S$1.8M | S$59,000 | S$3.5M | S$2.3M | S$698,039 |
| Interest income | S$136,000 | S$194,000 | S$175,000 | S$0 | S$0 | — | — | — |
| Interest expense | S$412,000 | S$516,000 | S$511,000 | S$336,000 | S$217,000 | S$320,000 | S$458,000 | S$380,472 |
| Income before taxes | S$3.4M | S$282,000 | S$630,000 | S$1.4M | S$2,000 | S$2.3M | S$584,000 | S$510,339 |
| Income taxes | S$157,000 | S$250,000 | S$111,000 | S$235,000 | −S$60,000 | S$618,000 | S$242,000 | S$266,837 |
| Net income | S$3.2M | S$32,000 | S$519,000 | S$1.2M | S$2,000 | S$1.7M | S$342,000 | S$243,501 |
| EBITDA | S$4.7M | S$1.8M | S$1.8M | S$2.4M | S$833,000 | S$3.4M | S$2.0M | S$2.4M |
| Gross margin | 28.5% | 26.9% | 24.2% | 27.5% | 15.9% | 27.6% | 27.2% | 21.7% |
| Operating margin | 3.1% | −0.2% | 5.6% | 9.5% | 0.4% | 16.5% | 12.7% | 3.9% |
| Net margin | 15.9% | 0.2% | 2.9% | 6.4% | 0.0% | 8.1% | 1.9% | 1.4% |
| Mar '26 | Sep '25 | Mar '25 | Sep '24 | Mar '24 | Sep '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | S$10.7M | S$6.3M | S$8.5M | S$10.7M | S$9.2M | S$11.4M | S$11.4M | S$5.5M | S$5.9M | S$7.2M | S$5.9M | S$3.4M |
| Cost of revenue | S$7.5M | S$4.8M | S$6.2M | S$7.9M | S$7.0M | S$7.9M | S$7.9M | S$0 | S$0 | S$5.6M | S$5.5M | S$0 |
| Gross profit | S$3.2M | S$1.5M | S$2.4M | S$2.8M | S$2.3M | S$3.5M | S$3.5M | S$5.5M | S$5.9M | S$1.6M | S$359,000 | S$3.4M |
| Research & development | S$334,898 | — | — | — | — | — | — | — | — | — | — | — |
| Sales, general & admin | — | — | S$3.0M | S$2.3M | S$1.4M | S$1.4M | S$1.4M | — | — | S$1.6M | S$605,000 | — |
| Total operating expenses | S$2.7M | S$1.9M | S$3.0M | S$2.3M | S$1.8M | S$1.7M | S$1.7M | −S$5.1M | −S$5.3M | S$1.4M | S$1.2M | −S$3.9M |
| Operating income | S$598,030 | −S$406,477 | −S$597,000 | S$567,000 | S$818,000 | S$1.7M | S$1.7M | S$455,000 | S$590,000 | S$61,000 | −S$797,000 | −S$456,000 |
| Interest expense | S$148,068 | S$229,245 | S$86,000 | S$236,000 | — | S$226,106 | S$336,000 | S$455,000 | S$590,000 | S$590,000 | S$456,000 | S$456,000 |
| Income before taxes | S$4.2M | −S$782,133 | −S$490,000 | S$772,000 | S$277,000 | S$1.3M | S$1.3M | — | — | S$147,000 | −S$771,000 | — |
| Income taxes | S$136,550 | S$19,263 | S$76,000 | S$174,000 | S$37,000 | S$235,000 | S$235,000 | −S$455,000 | −S$590,000 | −S$590,000 | −S$157,000 | S$456,000 |
| Net income | S$4.0M | −S$801,397 | −S$566,000 | S$598,000 | S$240,000 | S$1.0M | S$1.0M | S$455,000 | S$590,000 | S$147,000 | −S$456,000 | −S$456,000 |
| EBITDA | S$883,743 | S$20,227 | −S$66,688 | S$1.0M | S$1.2M | S$2.1M | S$2.1M | S$455,000 | S$590,000 | S$354,000 | −S$441,000 | −S$456,000 |
| Gross margin | 29.6% | 24.0% | 27.6% | 26.4% | 24.6% | 30.5% | 30.5% | 100.0% | 100.0% | 22.8% | 6.1% | 100.0% |
| Operating margin | 5.6% | −6.5% | −7.0% | 5.3% | 8.9% | 14.9% | 14.9% | 8.2% | 10.0% | 0.8% | −13.6% | −13.3% |
| Net margin | 37.7% | −12.8% | −6.6% | 5.6% | 2.6% | 9.1% | 9.1% | 8.2% | 10.0% | 2.0% | −7.8% | −13.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in Singapore dollars as reported in JCSE's financial statements (latest annual report filed May 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
JCSE financial results
In fiscal year 2025 (ended December 31, 2025), JE Cleantech reported revenue of S$20.3 million, up 5.3% from the year before. It had net income of S$3.2 million (up 10,012.5%), a net profit margin of 15.9%. Over five years revenue grew at an average rate of −1.1% a year. Figures are in Singapore dollars, the currency of its financial statements.
See the JCSE stock overview for the latest quote and news, or the JCSE chart for price history and technical indicators.
JCSE income statement FAQ
What is JE Cleantech's annual revenue?
JE Cleantech reported total revenue of S$20.3 million for fiscal year 2025, which ended on December 31, 2025. That was up 5.3% from S$19.3 million the previous year.
Is JE Cleantech profitable?
Yes. JE Cleantech reported net income of S$3.2 million in fiscal 2025, a net profit margin of 15.9%; its operating margin was 3.1%.
What is JE Cleantech's gross margin?
JE Cleantech's gross margin was 28.5% in fiscal 2025: for every $100 of revenue, JE Cleantech kept $28 after the direct cost of its products and services.
How much does JE Cleantech spend on research and development?
JE Cleantech spent S$0.4 million on research and development in fiscal 2025, 2.1% of revenue.
How fast is JE Cleantech growing?
Revenue grew −1.1% a year on average over the last five fiscal years, from S$21.4 million to S$20.3 million.
When does JE Cleantech's fiscal year end?
JE Cleantech's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 8, 2026.