Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 116

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 18
Chunk 116
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ITEM
18. FINANCIAL STATEMENTS

Our
consolidated financial statements are included at the end of this Annual Report.

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  Table of Contents  

SIMPPLE
LTD. AND ITS SUBSIDIARIES

INDEX
TO CONSOLIDATED FINANCIAL STATEMENTS

                                                                                                                           Page        
  Report of Independent Registered Public Accounting Firm – Audit Alliance LLP (PCAOB ID: 3487)                            F-2         
  Financial Statements:                                                                                                                
  Consolidated Balance Sheets as of December 31, 2023 and 2024                                                             F-3         
  Consolidated Statements of Operations and Comprehensive Income for the Years Ended December 31, 2022, 2023 and 2024      F-4         
  Consolidated Statements of Changes in Shareholders’ Equity for the Years Ended December 31, 2022, 2023 and 2024          F-5         
  Consolidated Statements of Cash Flows for the Years Ended December 31, 2022, 2023 and 2024                               F-6         
  Notes to Consolidated Financial Statements                                                                               F-7 – F-27  

  F-1  

  Table of Contents  

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Board of Directors and Shareholders of

SIMPPLE
Ltd. and its subsidiaries

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheet of Simpple Ltd. and its subsidiaries (collectively, the “ Company”)
as of December 31, 2023 and 2024, and the related consolidated statements of operations and comprehensive income, changes in shareholders’
equity, and cash flows for the period ended December 31, 2022, 2023 and 2024 and the related notes (collectively referred to as
the “consolidated financial statements”). In our opinion, the financial statements present fairly, in all material respects,
the financial position of the Company as of December 31, 2023 and 2024, and the results of its operations and its cash flows each
of the years in the three-year period ended December 31, 2024 in conformity with accounting principles generally accepted in the
United States of America.

Going
Concern Uncertainty

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in
Note 2 to the financial statements, the