17 Annual Report 2025 Local Currency FY 2025 FY 2024 Revenue (million) Gross Profit (million) Revenue (million) Gross Profit (million) Management Contracts Australia AUD 137.4 23.0 141.1 32.9 China RMB 91.0 16.0 119.9 22.9 Indonesia1 IDR 290.2 96.5 260.9 93.0 Japan JPY 7,710.6 4,474.6 6,730.7 3,906.3 Malaysia MYR 15.8 5.0 14.3 3.7 The Philippines PHP 929.0 326.1 939.2 328.6 Singapore S$ 13.1 5.1 15.2 6.0 United States of America USD 148.3 67.4 140.0 65.2 Vietnam1 VND 731.2 347.7 668.4 314.1 1 Revenue and gross profit figures for Indonesia and Vietnam are stated in billions. FY 2025 FY 2024 Revenue (S$’million) Gross Profit (S$’million) Revenue (S$’million) Gross Profit (S$’million) Master Leases Australia 10.6 9.4 10.8 9.7 France 35.1 31.8 34.2 31.1 Germany 17.3 16.3 16.4 15.5 Japan 28.3 26.0 25.8 23.6 Singapore 11.4 10.5 - - South Korea 10.4 9.9 10.7 10.1 Subtotal 113.1 103.9 97.9 90.0 Management Contracts with Minimum Guaranteed Income Australia 22.9 7.0 21.9 7.3 Belgium 19.1 6.4 17.5 5.1 Ireland 20.3 6.5 20.5 6.8 Singapore 54.8 20.6 53.2 19.0 Spain 11.7 5.6 10.7 5.2 United Kingdom 101.4 45.7 94.3 42.6 Subtotal 230.2 91.8 218.1 86.0 Management Contracts Australia 116.0 19.5 124.8 29.1 China 16.5 2.9 22.3 4.3 Indonesia 23.2 7.7 22.2 7.9 Japan 67.7 39.4 59.8 34.7 Malaysia 4.8 1.5 4.1 1.1 The Philippines 21.2 7.5 22.0 7.7 Singapore 13.1 5.1 15.2 6.0 United States of America 194.5 88.3 187.0 87.1 Vietnam 37.3 17.7 36.1 17.0 Subtotal 494.3 189.6 493.5 194.9 Total 837.6 385.3 809.5 370.9
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