Notes to the Financial Statements For the financial year ended 31 December 2025 Notes to the Financial Statements For the financial year ended 31 December 2025 15. SHARE CAPITAL Ordinary shares 2025 2024 Number of shares Number of shares ’000 ’000 Company In issue at beginning and end of the year 1,661,709 1,661,709 (a) All issued ordinary shares are fully paid, with no par value. All shares rank equally with regards to the Company’s residual assets. (b) The holders of ordinary shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meeting of the Company. 16. RESERVES Other reserves Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Statutory reserve 7,467 7,468 – – Capital reserve 440,311 439,639 – – Non-reciprocal capital contribution from immediate holding company 614,900 484,439 614,900 484,439 1,062,678 931,546 614,900 484,439 Statutory reserve Statutory reserve comprises at least 10% of the statutory after tax profits as determined in accordance with the applicable PRC accounting standards and regulations, allocated to statutory reserve until the cumulative total of the reserve reaches 50% of the subsidiaries’ registered capital. Subject to approval from the relevant PRC authorities, the statutory reserve may be used to offset any accumulated losses or increase the registered capital of the subsidiaries. The statutory reserve is not available for dividend distribution to shareholders of the PRC subsidiaries. Capital reserve Capital reserve comprises mainly: (i) the difference between the paid up capital of the ordinary shares issued and the fair value of the initial acquisition; (ii) reserve arising from the non-reciprocal capital contribution made to a non-wholly owned subsidiary; (iii) reserves arising from the Group’s acquisition of non-controlling interests in subsidiaries; and (iv) equity component of convertible bonds of a non-wholly owned subsidiary (see Note 12). 16. RESERVES (continued) Non-reciprocal capital contribution from immediate holding company The non-reciprocal capital contribution from immediate holding company is a shareholder loan from the immediate holding company, which is unsecured, interest-free, and repayable at the discretion of the Company. Foreign currency translation reserve Foreign currency translation reserve comprises exchange differences arising from the translation of financial statements of foreign operations, share of currency translation reserve of foreign equity-accounted investees and exchange differences on monetary items which form part of the Group’s net investment on foreign operations, provided certain conditions are met. Dividends The following exempt (one-tier) dividends were declared by the Group and Company during the year: Group and Company 2025 2024 $’000 $’000 Declared by the Company to owners of the Company Interim dividend of nil (2024: 0.30) Singapore cents per qualifying ordinary share – 5,000 Paid and payable by subsidiaries Paid and payable by subsidiaries to the non-controlling interests 29,446 45,957 OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 215 214 PERENNIAL HOLDINGS PRIVATE LIMITED ANNUAL REPORT 2025
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