Company: DTCK
Filing Date: 2025-12-23
Form Type: 6-K
Source: 0001683168-25-009327
Chunk: 26

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-12-23
Form: 6-K
Chunk 26
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 Point in time                  |     |                                |  60,772 |     |              |  19,732 |     |                              |  14,519 |     |                |      13 |     |       |  95,036 |

|                                |     | For the six-month period ended 
 June 30, 2024                  |         |     |              |         |     |                              |         |     |                |         |     |       |         |
|:-------------------------------|:----|:-------------------------------|--------:|:----|:-------------|--------:|:----|:-----------------------------|--------:|:----|:---------------|:--------|:----|:------|--------:|
|                                |     | Sale of sugar                  |         |     | Sale of rice |         |     | Sale of oil and fat products |         |     | Sale of others |         |     | Total |         |
|                                |     |                                | US$’000 |     |              | US$’000 |     |                              | US$’000 |     |                | US$’000 |     |       | US$’000 |
| Timing of revenue recognition: |     |                                |         |     |              |         |     |                              |         |     |                |         |     |       |         |
| Point in time                  |     |                                |  44,891 |     |              |  13,964 |     |                              |   8,021 |     |                | –       |     |       |  66,876 |

All assets and operations of the Company are located
in Singapore, and accordingly, no segmental analysis of segment assets is presented.

| F-23 |

13. INCOME TAX EXPENSES

Cayman Islands

The Company is domiciled in the Cayman Islands.
This locality currently enjoys permanent income tax holidays; accordingly, the Company does not accrue for income taxes.

Singapore

The Company’s subsidiaries, Maxwill Pte.
Ltd., Maxwill (Asia) Pte. Ltd., LP Grace Pte. Ltd., Maxwill Foodlink Pte. Ltd., and Davis Commodities Pte. Ltd. are considered Singapore
tax resident enterprises under Singapore tax laws; accordingly, they are subject to enterprise income tax on their taxable income as determined
under Singapore tax laws and accounting standards at a statutory tax rate of 17% (2023: 17%).