---
title: "Courage Investment (CIN.SG) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/CIN.SG/norm.md"
symbol: "CIN.SG"
name: "Courage Investment"
parent: "https://longbridge.com/en/quote/CIN.SG.md"
datetime: "2026-06-01T04:30:48.728Z"
locales:
  - [en](https://longbridge.com/en/quote/CIN.SG/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/CIN.SG/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/CIN.SG/norm.md)
---

# Courage Investment (CIN.SG) — Financial Reports

## Income Statement (SGD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.0008 | 0.0008 | -0.0010 | -0.0010 | 0.0003 |
| ROE | 4.61% | 4.67% | -5.98% | -5.89% | 1.46% |
| Revenue | 9.13M | 9.17M | 2.80M | 2.94M | 2.80M |
| Net income | 867639.22 | 871489.57 | -1.09M | -1.15M | 291159.84 |
| Operating income | 1.44M | 1.45M | -1.28M | -1.35M | -195240.36 |
| Gross margin | 33.31% | 33.31% | -18.85% | -18.85% | 25.26% |
| Net margin | 9.50% | 9.50% | -38.99% | -38.99% | 10.41% |
| Profit quality | 73.37% | 73.37% | - | - | -22.37% |

## Balance Sheet (SGD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 78.24M | 78.59M | 76.02M | 79.90M | 81.37M |
| Leverage | 1.04 | 1.04 | 1.04 | 1.04 | 1.02 |
| BVPS | 0.0686 | 0.0689 | 0.0664 | 0.0698 | 0.0729 |
| Turnover | 0.3082 | 0.2245 | 0.1427 | 0.1485 | 0.1545 |
| Cash & STI | 14.41M | 14.48M | 17.75M | 18.66M | 25.77M |
| Inv & Rec | 6.41M | 6.44M | 4.56M | 4.79M | - |
| LT assets | 55.20M | 55.45M | 52.27M | 54.94M | 54.62M |
| Net debt | -14.13M | -14.19M | -17.35M | -18.24M | -25.75M |

## Cash Flow Statement (SGD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 1.97M | 1.97M | -1.98M | -2.08M | 872799.24 |
| Investing CF | -2.22M | -2.23M | 3.45M | 3.62M | 755791.08 |
| Financing CF | -55230.92 | -55476.02 | -42121.53 | -44272.80 | -34694.28 |
| Free CF | -1.22M | -2.53M | -1.08M | -4.98M | -9.24M |
| OCF coverage | 59.66% | 59.66% | -160.79% | -160.79% | 8.78% |
| Repaid & issued | - | - | - | - | - |
| CapEx | -3.24M | -3.25M | -1.19M | -1.25M | -9.90M |