Company: SPPL
Filing Date: 2025-10-27
Form Type: F-3
Source: 0001493152-25-019408
Chunk: 6

Company: SIMPPLE LTD.
Filing Date: 2025-10-27
Form: F-3
Chunk 6
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ors (RICS) SEA Innovation Award for SIMPPLE Ecosystem’s novelty and value creation to the facilities management sector. Innovation did not end there. In the first quarter of 2022, we were awarded an industry project to develop the next-generation facilities management platform that can automate workflows within a building. This development project was supported by the Singapore Government as well as four key partners, who are the largest private property developers in Singapore. Capital for the project was provided directly by the Singapore Government.

We conduct our business through four subsidiaries, namely IFSC Pte. Ltd. (“IFSC”), SIMPPLE Pte. Ltd. (“SIMPPLE Pte Ltd”), Gaussian Robotics Pte. Ltd. (“Gaussian Robotics” or “GS”) and SIMPPLE Australia Pty Ltd (“SPAUS). IFSC is a wholly owned subsidiary of the issuer; and SIMPPLE Pte. Ltd., GS and SPAUS are wholly owned by IFSC. All four of our subsidiaries are Singapore companies. See “ Prospectus Summary – Our Corporate Structure and History.”

While the main product and development centers around the software platform sold under the IFSC brand name, the robotic distribution revenue stream contributed by Gaussian Robotics forms the sustainable cash flow of the group, allowing the Company to reinvest profits made from the distribution business into development of the software platform which is a high growth SaaS model product. Our revenue for the year ended December 31, 2024 and 2023 was S$3,773,324 and S$4,686,925, respectively. We recorded a total comprehensive loss of S$3,894,217 and S$7,572,073 for the year ended December 31, 2024 and 2023, respectively. Our indebtedness as of the year ended December 31, 2024 and 2023 was S$4,171,120 and S$5,216,697, respectively. Our revenue for the six months ended June 30, 2025 was S$3,484,961. We recorded a total comprehensive loss of S$1,555,625 for the six months ended June 30, 2025. Our indebtedness as of June 30, 2025 was S$8,017,958.

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<div align='center'>Our Industry</div>

Our business is to support facility owners and managers. Our industry is growing due to advances in technology and the continued growth of the real estate market generally. According to an industry