13 TIONG WOON CORPORATION HOLDING LTD SUSTAINABILITY REPORT 2025 CREATING SUSTAINABLE GROWTH Financial Year FY2024 SGD’000 FY2025 SGD’000 Economic Value Generated 143,132 163,524 Economic Value Distributed Operating Costs 66,565 80,438 Employee Wages and Benefits 52,579 59,345 Capital Providers3 6,199 7,632 Government4 6,547 4,949 Communities5 51 74 Total Economic Value Distributed 131,941 152,438 Net Economic Value Retained 11,191 11,086 SUSTAINABLE BUSINESS MODEL EXCELLENCE TWC’s economic strategy emphasises sustainable value creation that balances stakeholder returns with environmental stewardship and social responsibility. Our approach focuses on long-term profitability, market leadership, and strategic resilience while contributing to sustainable economic development across our operating regions. STRATEGIC VALUE CREATION FRAMEWORK Our economic model integrates traditional financial performance with sustainability value creation, enabling comprehensive stakeholder value delivery while strengthening our market position and competitive advantages. This approach ensures business resilience while supporting long-term stakeholder benefit and sustainable development. ECONOMIC IMPACT AND CONTRIBUTION During FY2025, TWC generated significant economic value2 for stakeholders while advancing our sustainability objectives: SUSTAINABLE GROWTH STRATEGY Our economic strategy prioritises sustainable revenue growth through market expansion, service innovation, and operational excellence. Key growth drivers include increasing demand for sustainable infrastructure solutions, technological advancement opportunities, and strategic partnership development. Investment priorities include fleet modernisation with environmentally efficient equipment, digital technology advancement, and workforce capability development. These strategic investments position TWC for long-term growth while enhancing our sustainability performance and market differentiation. FINANCIAL RESILIENCE AND RISK MANAGEMENT We maintain robust financial management practices that ensure business resilience while enabling strategic investment in sustainability initiatives and growth opportunities. Our financial strategy balances profitability optimisation with long-term value creation, ensuring sustainable business operations and stakeholder value delivery. Risk management integration includes comprehensive assessment of economic risks, market volatility factors, and sustainability-related financial impacts. This approach enables proactive risk mitigation while identifying opportunities for sustainable value creation and competitive advantage enhancement. 2 The reported economic performance figures are for the entire Group. 3 Represents sum of interest paid to financial institutions and dividends paid to equity holders. 4 Represents current income tax and property tax paid but excludes deferred tax for the year. 5 Represents voluntary donations.
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