Simpple Ltd.
SPPL Nasdaq Services-Facilities Support Management Services Financials FY2021โFY2025
What Simpple Ltd. does
No business description yet.
- Legal name
- SIMPPLE LTD.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Apr 8, 2026
- Accession ยท CIK
- 0001493152-26-015631
0001948697
Revenue and margins
Simpple Ltd. had $4.5M of revenue in fiscal 2025, up 60.1% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was โ$1.8M in fiscal 2025, โ40.1% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Simpple Ltd. returned โ to shareholders in fiscal 2025. The diluted share count rose 63.5%.
Balance sheet
Cash, debt and the ratios that show how comfortably Simpple Ltd. can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $0.6M | $0.4M | $0.9M | $0.4M | $2.4M |
| Debt incl. finance leases | โ | โ | โ | โ | $1.5M |
| Debt / equity | โ | โ | โ | โ | 0.6x |
| Interest coverage | 0.4x | โ7.4x | โ41.2x | โ126.8x | โ7.4x |
| Current ratio | โ | 1.1x | 1.5x | 0.9x | 0.9x |
| Quick ratio | โ | 0.8x | 1.3x | 0.7x | 0.8x |
| Total assets | โ | $4.4M | $6.6M | $4.9M | $8.6M |
| Total liabilities | โ | $4.1M | $4.0M | $3.1M | $5.9M |
| Shareholders' equity | โ$1.0M | $0.2M | $2.7M | $1.8M | $2.7M |
| Net debt (โ = net cash) | โ | โ | โ | โ | โ$0.9M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ |
| F-score | โ / 3 | โ / 4 | 2 / 8 | 4 / 8 | 3 / 8 |
| Accruals ratio | โ | โ13.9% | โ0.4% | โ36.2% | โ27.0% |
| Altman Z'' | โ | โ2.37 | โ7.24 | โ11.68 | โ7.68 |
5 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $3.1M | $4.7M | $3.5M | $2.8M | $4.5M |
| Gross profit | $1.7M | $2.6M | $1.8M | $1.7M | $2.2M |
| Operating income | $0.0M | โ$0.7M | โ$5.6M | โ$3.3M | โ$2.8M |
| Interest expense | $0.1M | $0.1M | $0.1M | $0.0M | $0.4M |
| Pretax income | $0.2M | โ$0.5M | โ$5.6M | โ$3.2M | โ$3.2M |
| Income tax | $0.1M | $0.1M | $0.0M | โ$0.3M | โ |
| Net income | $0.0M | โ$0.6M | โ$5.6M | โ$2.9M | โ$3.2M |
| Diluted EPS | โ | โ$0.32 | โ$2.78 | โ$0.83 | โ$0.55 |
| Diluted shares | โ | 0.00B | 0.00B | 0.00B | 0.01B |
| Cash flow | |||||
| Cash from operations | โ$0.2M | $0.0M | โ$5.6M | โ$0.9M | โ$1.4M |
| Capital expenditure | $0.1M | $0.0M | $0.0M | $0.0M | $0.4M |
| Free cash flow | โ$0.3M | $0.0M | โ$5.6M | โ$0.9M | โ$1.8M |
| Depreciation and amortization | $0.1M | $0.2M | $0.4M | $0.5M | $0.6M |
| Balance sheet | |||||
| Cash and short-term investments | $0.6M | $0.4M | $0.9M | $0.4M | $2.4M |
| Total debt | โ | โ | โ | โ | $1.5M |
| Deposits | โ | $0.0M | $0.0M | โ | โ |
| Current assets | โ | $3.3M | $5.2M | $2.7M | $5.1M |
| Current liabilities | โ | $3.0M | $3.5M | $3.0M | $5.6M |
| Inventory | โ | $0.8M | $0.7M | $0.6M | $0.6M |
| Property and equipment, net | โ | $0.0M | $0.0M | $0.0M | $0.4M |
| Intangible assets | โ | $0.8M | $1.2M | $1.8M | $2.5M |
| Total assets | โ | $4.4M | $6.6M | $4.9M | $8.6M |
| Total liabilities | โ | $4.1M | $4.0M | $3.1M | $5.9M |
| Shareholders' equity | โ$1.0M | $0.2M | $2.7M | $1.8M | $2.7M |
| Margins | |||||
| Gross margin | 55.7% | 55.3% | 52.1% | 59.9% | 49.6% |
| Operating margin | 1.3% | โ15.0% | โ161.1% | โ117.2% | โ62.8% |
| EBITDA margin | 5.7% | โ10.2% | โ149.5% | โ98.8% | โ49.7% |
| Net margin | 1.6% | โ12.1% | โ161.5% | โ104.2% | โ70.8% |
| FCF margin | โ8.9% | 0.2% | โ161.4% | โ31.0% | โ40.1% |
| Returns | |||||
| Return on capital | โ | โ | โ | โ | โ127.3% |
| Return on capital employed | โ | โ52.1% | โ178.1% | โ183.5% | โ94.6% |
| Return on equity | โ | โ | โ385.2% | โ131.4% | โ143.4% |
| Return on assets | โ | โ13.1% | โ102.6% | โ51.2% | โ47.6% |
| Return on tangible equity | โ | โ | โ372.2% | โ8,338.0% | โ2,611.7% |
| Growth | |||||
| Revenue growth | โ | 51.8% | โ26.1% | โ19.1% | 60.1% |
| Net income growth | โ | โ1,265.5% | โ | โ | โ |
| FCF growth | โ | โ | โ52,263.9% | โ | โ |
| Share count change | โ | โ | 12.2% | 74.5% | 63.5% |
| Financial health | |||||
| Debt / equity | โ | โ | โ | โ | 0.6x |
| Interest coverage | 0.4x | โ7.4x | โ41.2x | โ126.8x | โ7.4x |
| Current ratio | โ | 1.1x | 1.5x | 0.9x | 0.9x |
| Quick ratio | โ | 0.8x | 1.3x | 0.7x | 0.8x |
| Capital allocation | |||||
| Capex / revenue | 2.0% | 0.5% | 0.5% | 0.4% | 9.5% |
| Quality scores | |||||
| Piotroski F-score | โ | โ | 2.0 | 4.0 | 3.0 |
| Altman Z'' | โ | โ2.4 | โ7.2 | โ11.7 | โ7.7 |
| Accruals ratio | โ | โ13.9% | โ0.4% | โ36.2% | โ27.0% |
Source: SEC EDGAR XBRL filings (CIK 0001948697). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in SGD under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. For information only โ not investment advice. Check the original filings before relying on any figure.