JCSENasdaqMiscellaneous Manufacturing IndustriesFiscal year ends December 31
JE Cleantech Holdings Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on May 8, 2026
$1.55+0.09 (+6.16%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
28.5%+0.9 pts over 5 years
Operating margin
3.0%−13.5 pts over 5 years
Net margin
15.9%+7.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.3% | +2.9% | -1.1% | – | |
| Gross profit | +11.2% | +4.0% | -0.4% | – | |
| Operating income | – | -29.8% | -29.6% | – | |
| Net income | +10012.5% | +39.5% | +13.4% | – | |
| EPS, diluted | – | +35.4% | – | – | |
| Free cash flow | +132.1% | – | +17.4% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 34.2% | 17.8% | |
| Return on assets | – | – | 9.5% | |
| Current ratio | – | 1.19 | 2.72 | |
| Inventory turnover | – | – | 1.3× | |
| Capex to revenue | – | 1.3% | 4.1% | |
| Diluted shares | – | 4.00B | 5M |
Where the cash went
Fiscal 2021 to 2025, five years combined
JE Cleantech generated 14.73M SGD from operations and spent 7.44M SGD on capital expenditure, dividends and share buybacks. 52% of that went back into the business.
Generated
14.73M SGD
Used
7.44M SGD
Capital expenditure3.90M SGD52%Dividends3.54M SGD48%Share buybacks0 SGD0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.9%
×Asset turnover0.60×
×Equity multiplier1.88×
=Return on equity, FY202517.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.9% | 0.60× | 1.88× | 17.8% |
| FY2024 | 0.2% | 0.55× | 2.13× | 0.2% |
| FY2023 | 2.9% | 0.51× | 2.15× | 3.1% |
| FY2022 | 6.4% | 0.69× | 2.79× | 12.3% |
| FY2021 | 0.0% | 0.73× | 4.48× | 0.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero3.24M SGD
- Cash generatingOperating cash flow above zero2.69M SGD
- Return on assets improvedROA up on the prior year0.1% → 9.2%
- Earnings backed by cashOperating cash flow above net income2.69M SGD vs 3.24M SGD
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.55 → 2.72
- No dilutionShare count did not rise5M → 5M
- Gross margin improvedGross margin up on the prior year26.94% → 28.45%
- More efficientAsset turnover rose0.54 → 0.58