| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.95M | 2.93M | 67.00K | 5.22M | 15.76M | 27.47M |
| Gross Profit | 457.00K | 154.00K | 26.00K | 51.00K | 291.00K | 521.00K |
| EBITDA | -1.44M | -1.96M | -2.06M | -2.54M | -1.14M | -1.53M |
| Net Income | -1.99M | -2.48M | -2.16M | -1.91M | -1.17M | -1.03M |
Balance Sheet | ||||||
| Total Assets | 2.53M | 2.13M | 1.35M | 13.22M | 2.35M | 3.69M |
| Cash, Cash Equivalents and Short-Term Investments | 847.00K | 1.52M | 200.00K | 6.05M | 2.14M | 3.13M |
| Total Debt | 168.00K | 211.00K | 314.00K | 788.00K | 152.00K | 109.00K |
| Total Liabilities | 4.11M | 3.81M | 993.00K | 1.52M | 437.00K | 664.00K |
| Stockholders Equity | -576.00K | -684.00K | 1.22M | 9.94M | 1.91M | 2.98M |
Cash Flow | ||||||
| Free Cash Flow | -1.42M | -253.00K | -2.18M | -6.50M | -890.00K | 3.25M |
| Operating Cash Flow | -1.41M | -253.00K | -1.67M | -3.14M | -890.00K | 3.25M |
| Investing Cash Flow | 115.00K | 0.00 | -391.00K | -3.30M | 55.00K | 0.00 |
| Financing Cash Flow | 1.19M | 1.67M | 1.26M | 10.26M | -56.00K | -3.46M |
Metech International has completed due diligence and internal evaluation for a candidate to fill the Chief Financial Officer role and has submitted the necessary documents to its continuing sponsor, with a formal appointment announcement to follow if the hire is finalised. Operationally, the company is proceeding with the proposed disposal of its 80% stake in Asian Eco Technology Pte. Ltd. while retaining ownership of five chemical vapour deposition machines in its lab-grown diamond business, and is advancing its food waste business with successful testing and commissioning of biomass carbon reduction system machines for a pilot trial and ongoing commercial discussions, including pricing talks with MLF Ingredients for premium protein powder and black soldier fly biomass products targeting the South Korean and U.S. markets.
Metech International Limited has announced that independent director Ng Ooi Hooi has completed the mandatory training for first-time directors of listed issuers, specifically the LED 5 and 6 modules conducted by the Singapore Institute of Directors, thereby fulfilling the training requirements under the Catalist Rules. The company added that executive director and CEO Pang Wei Hao will enrol in the next available session of the same training, signalling the board’s effort to align with corporate governance standards for directors without prior experience on listed companies and to maintain regulatory compliance on the Catalist board.
Metech International Limited is in the process of appointing a new Chief Financial Officer and is conducting due diligence for the role. The company is also progressing with the proposed disposal of its shareholdings in Asian Eco Technology while retaining key equipment for its diamond business. In its food waste business, Metech has completed testing of its biomass carbon reduction system and is in discussions to expand its market reach, including potential product pricing for South Korea and the United States.
Metech International Limited is undergoing significant changes, with plans to appoint a new Chief Financial Officer and the proposed disposal of its lab-grown diamond business to Wuhan Xilu Trading Co., Ltd. The company is also advancing its food waste business by preparing to test and commission biomass carbon reduction system machines. Additionally, Metech is exploring potential collaboration opportunities with Burpple 2021 Pte. Ltd., which could lead to strategic investments or partnerships, reflecting its cautious yet optimistic approach to safeguarding long-term growth and shareholder value.