NOTES TO FINANCIAL STATEMENTS 31 December 2025 37 DIVIDENDS In 2025, the following dividends were paid by the Company: • interim one-tier tax-exempt dividend of S$0.002 per share totalling US$2,111,022 in respect of the year ended 31 December 2024. • final one-tier tax-exempt dividend of S$0.004 per share (2024 : S$0.006 per share) totalling US$4,304,098 (2024 : US$6,197,681) to its shareholders in respect of the year ended 31 December 2024 (2024 : year ended 31 December 2023). • interim one-tier tax-exempt dividends totalling S$0.0045 per share (2024 : S$0.004 per share) totalling US$4,945,377 (2024 : US$4,185,162) to its shareholders in respect of the year ended 31 December 2025 (2024 : year ended 31 December 2024). The directors are proposing a final one-tier tax-exempt dividend of S$0.001 per share (2024 : S$0.004 per share) totalling approximately US$1,115,958 (2024 : US$4,304,098). The dividend is subject to approval from shareholders and accordingly, has not been included as a liability in these financial statements. 38 EARNINGS PER SHARE The calculation of the basic and diluted earnings per share is based on the following data: 39 SEGMENT INFORMATION For the purpose of resource allocation and assessment of segment performance, the Group’s chief operating decision makers have focused on the business operating units which in turn, are segregated based on their services. This forms the basis of identifying the segments of the Group under SFRS(I) 8. Operating segments are aggregated into a single reportable operating segment if they have similar economic characteristic, such as long-term average gross margins, and are similar in respect of nature of services and process, type of customers, method of distribution, and if applicable, the nature of the regulatory environment. The Group’s reportable segments under SFRS(I) 8 are therefore as follows: Segment Principal activities Coal mining - Production and sale of coal produced from operating own coal mines. Coal trading - Purchase and sale of coal from third parties. Mining services - Mining contracting and project management for mining activities conducted at third party mines. Segment revenue represents revenue generated from external customers. Segment results represent the profit earned from each segment after allocating costs directly attributable to a segment as well as those that can be allocated on a reasonable basis. This is the measure reported to the chief operating decision maker for the purpose of resource allocation and assessment of segment performance. Assets and liabilities are not allocated by segment as they are not considered critical by the chief operating decision maker in resource allocation and assessment of segment performance. Group 2025 2024 US$ US$ Earnings for the purpose of basic and diluted earnings per share 27,381,915 37,140,044 Weighted average number of ordinary shares for purpose of basic earnings per share 1,419,836,606 1,399,841,154 Effect of dilutive potential ordinary shares: - Share options 14,879,500 33,786,500 Weighted average number of ordinary shares for purpose of diluted earnings per share 1,434,716,106 1,433,627,654 108
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