SIMPPLE LTD. (SPPL) Income Statement
SPPL 2025 at a glance
Fiscal year ended December 31, 2025 · Singapore dollarsSPPL revenue and net income
Where SPPL's revenue goes
2025Each bar shows an amount and its share of revenue. SPPL kept −70.8% of revenue as net income.
SPPL profit margins
SPPL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +50.8% | −2.9% | +11.3% | — |
| Gross profit | +24.8% | −6.4% | +9.2% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SPPL income statement in Singapore dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | S$5.8M | S$3.9M | S$4.6M | S$6.4M | S$4.2M | S$3.4M |
| Cost of revenue | S$2.9M | S$1.5M | S$2.2M | S$2.8M | S$1.9M | S$1.5M |
| Gross profit | S$2.9M | S$2.3M | S$2.4M | S$3.5M | S$2.3M | S$1.9M |
| Sales, general & admin | S$6.6M | S$6.7M | S$5.0M | S$4.6M | S$2.3M | S$2.3M |
| Total operating expenses | S$6.5M | S$6.8M | S$4.9M | S$4.5M | S$2.3M | S$2.2M |
| Operating income | −S$3.7M | −S$4.5M | −S$2.5M | −S$949,813 | S$56,047 | −S$376,398 |
| Interest expense | S$503,352 | S$34,846 | S$183,046 | S$130,868 | S$157,147 | S$117,832 |
| Income before taxes | −S$4.1M | −S$4.4M | −S$7.4M | −S$652,652 | S$234,269 | −S$331,445 |
| Income taxes | — | −S$376,539 | S$22,743 | S$115,809 | S$168,061 | S$75,066 |
| Net income | −S$4.1M | −S$4.0M | −S$7.5M | −S$768,463 | S$66,208 | −S$406,512 |
| EBITDA | −S$2.8M | −S$3.7M | −S$6.7M | −S$210,001 | S$567,526 | −S$199,159 |
| Gross margin | 49.6% | 59.9% | 52.1% | 55.3% | 55.7% | 54.6% |
| Operating margin | −62.8% | −117.2% | −54.3% | −15.0% | 1.3% | −11.1% |
| Net margin | −70.8% | −104.2% | −161.5% | −12.1% | 1.6% | −12.0% |
| Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Mar '24 | Jun '23 | Mar '23 | Jun '21 | Mar '21 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | S$2.4M | S$2.4M | S$3.4M | S$2.4M | S$1.4M | S$3.3M | S$697,005 | S$697,005 | S$2.0M | S$999,759 |
| Cost of revenue | S$1.1M | S$1.0M | S$1.8M | S$1.0M | S$515,454 | S$1.7M | S$278,385 | S$278,386 | S$1.1M | S$546,089 |
| Gross profit | S$1.3M | S$1.4M | S$1.6M | S$1.4M | S$904,832 | S$1.6M | S$418,619 | S$418,620 | S$907,340 | S$453,670 |
| Sales, general & admin | — | — | S$3.2M | S$3.4M | S$3.3M | S$3.0M | S$1.0M | S$1.0M | S$1.1M | S$529,222 |
| Total operating expenses | S$3.4M | S$3.4M | S$2.9M | S$3.4M | S$3.4M | S$8.0M | S$1.0M | S$1.0M | S$1.1M | S$529,222 |
| Operating income | −S$2.1M | −S$2.0M | −S$1.3M | −S$2.0M | −S$2.4M | −S$6.4M | −S$590,669 | −S$590,669 | −S$151,103 | −S$75,552 |
| Interest expense | S$278,533 | S$15,946 | S$169,138 | S$15,946 | S$19,475 | S$71,281 | S$20,242 | S$20,242 | S$50,777 | S$25,389 |
| Income before taxes | −S$2.6M | −S$2.0M | −S$1.5M | −S$2.0M | −S$2.4M | −S$6.5M | −S$505,440 | −S$505,441 | −S$83,555 | −S$41,778 |
| Income taxes | — | −S$247,065 | — | −S$247,065 | −S$129,394 | — | S$11,543 | S$11,543 | — | — |
| Net income | −S$2.6M | −S$1.7M | −S$1.5M | −S$1.7M | −S$2.3M | −S$6.5M | −S$516,982 | −S$516,984 | −S$83,555 | −S$41,778 |
| EBITDA | −S$2.0M | −S$1.6M | −S$842,501 | −S$1.6M | −S$2.1M | −S$1.0M | −S$412,032 | −S$432,274 | −S$28,381 | −S$47,965 |
| Gross margin | 53.8% | 57.7% | 46.6% | 57.7% | 63.7% | 48.7% | 60.1% | 60.1% | 45.4% | 45.4% |
| Operating margin | −88.8% | −84.2% | −38.9% | −84.2% | −172.4% | −193.4% | −84.7% | −84.7% | −7.6% | −7.6% |
| Net margin | −107.9% | −71.1% | −45.1% | −71.1% | −159.6% | −198.5% | −74.2% | −74.2% | −4.2% | −4.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in Singapore dollars as reported in SPPL's financial statements (latest annual report filed April 8, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SPPL financial results
In fiscal year 2025 (ended December 31, 2025), SIMPPLE LTD. reported revenue of S$5.8 million, up 50.8% from the year before. It had a net loss of S$4.1 million, a net profit margin of −70.8%. Over five years revenue grew at an average rate of 11.3% a year. Figures are in Singapore dollars, the currency of its financial statements.
See the SPPL stock overview for the latest quote and news, or the SPPL chart for price history and technical indicators.
SPPL income statement FAQ
What is SIMPPLE LTD.'s annual revenue?
SIMPPLE LTD. reported total revenue of S$5.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 50.8% from S$3.9 million the previous year.
Is SIMPPLE LTD. profitable?
No. SIMPPLE LTD. reported a net loss of S$4.1 million in fiscal 2025, a net profit margin of −70.8%; its operating margin was −62.8%.
What is SIMPPLE LTD.'s gross margin?
SIMPPLE LTD.'s gross margin was 49.6% in fiscal 2025: for every $100 of revenue, SIMPPLE LTD. kept $50 after the direct cost of its products and services.
How fast is SIMPPLE LTD. growing?
Revenue grew 11.3% a year on average over the last five fiscal years, from S$3.4 million to S$5.8 million.
When does SIMPPLE LTD.'s fiscal year end?
SIMPPLE LTD.'s fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 8, 2026.