• Sales of precision cleaning systems increased by S$1 million, while centralized dishwashing and related services in Singapore saw a S$0.3 million rise.
  • The overall gross profit margin was higher compared to the previous year.

SINGAPORE, May 20, 2025 – JE Cleantech Holdings Ltd (NASDAQ: JCSE), a precision cleaning and cleantech equipment manufacturer based in Singapore and listed on NASDAQ, has released its annual report for the financial year ending December 31, 2024 (“2024 financial year”). The report shows revenue of S$19.3 million, net income of S$0.03 million, and adjusted EBITDA of S$2.2 million.

The company’s performance reflected increased sales of cleaning systems, though demand for other cleaning systems and equipment softened due to project completions. This compares to the previous financial year ending December 31, 2023 (“2023 financial year”), which saw revenue of S$18.0 million, net income of S$0.5 million, and adjusted EBITDA of S$1.8 million.

Ms. Hong Bee Yin, Founder and CEO of JE Cleantech, commented, “We are dedicated to innovation, strengthening customer relationships, and utilizing our long-term customer relationships to drive product and service adoption. By carefully managing our cost structure, we aim to continue our successful path.”

The sale of cleaning systems and other equipment generated S$12.0 million in revenue during the 2024 financial year, up from S$11.0 million in the 2023 financial year. In 2024, the company secured recurring orders worth over S$7.8 million for precision cleaning systems from a major existing customer in Singapore.

The centralized dishware washing and cleaning services segment recorded revenue of S$7.3 million, compared to S$7.0 million in the previous financial year, indicating higher business activity year-on-year.

The Group achieved a gross profit of S$5.2 million and a gross margin of 26.9%, driven by increased sales of precision cleaning systems and other cleaning systems and equipment at higher margins. This compares to S$4.4 million and 24.2% in the 2023 financial year.

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About JE Cleantech Holdings Limited

JE Cleantech Holdings Limited, based in Singapore, focuses on (i) selling precision cleaning systems and other equipment; and (ii) providing centralized dishwashing and related services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial applications, primarily to customers in Singapore and Malaysia. These systems are mainly for precision cleaning, featuring particle filtration, ultrasonic or megasonic rinses, high-pressure drying, high flow rate spray, and deionized water rinses to effectively remove contaminants and minimize particle generation. Since 2013, the company also provides centralized dishwashing services through its subsidiary, Hygieia Warewashing Pte Ltd, and general cleaning services since 2015, mainly for food and beverage establishments in Singapore. The Company has been listed on NASDAQ since 2022. For more information about JE Cleantech, please visit: .

Disclaimer: Forward looking statements

This news release contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements can be identified by terms such as “should,” “intends,” “is subject to,” “expects,” “will,” “continue,” “anticipate,” “estimated,” “projected,” “may,” “I or we believe,” “future prospects,” “our strategy,” “aim” or similar expressions. Forward-looking statements regarding future contract revenues, among other things, involve risks and uncertainties that could cause actual results to differ materially from those expected and stated. The company undertakes no obligation to update these statements.

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