RYDENYSEServices-Business Services, NECFiscal year ends December 31
Ryde Group Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 24, 2026
$0.71+0.06 (+9.10%)
Close on Oct 19, 2026
Margins
Share of revenue, fiscal years 2021 to 2025
Operating margin
-50.1%
Net margin
-139.5%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +39.7% | +12.3% | – | – |
Returns and balance sheet
5 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2021 | FY2021 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -97.5% | |
| Return on assets | – | – | -73.6% | |
| Current ratio | – | – | 5.63 | |
| Interest coverage | – | – | – | |
| Capex to revenue | 0.4% | 0.4% | 0.0% | |
| Diluted shares | 12M | 12M | 45M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ryde generated 40.83M SGD from operations and spent 76.00K SGD on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
40.83M SGD
Used
76.00K SGD
Capital expenditure76.00K SGD100%Dividends0 SGD0%Share buybacks0 SGD0%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-139.5%
×Asset turnover0.53×
×Equity multiplier1.32×
=Return on equity, FY2025-97.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -139.5% | 0.53× | 1.32× | -97.5% |
| FY2024 | -208.7% | 1.25× | -4.24× | 1108.0% |
| FY2023 | -148.5% | 1.82× | -0.77× | 209.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-17.45M SGD
- Cash generatingOperating cash flow above zero-23.53M SGD
- Return on assets improvedROA up on the prior year-359.3% → -192.1%
- Earnings backed by cashOperating cash flow above net income-23.53M SGD vs -17.45M SGD
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.60 → 5.63
- No dilutionShare count did not rise21M → 45M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.72 → 1.38