National Parks Board

Financial Review

Income

The Group's income comprised mainly interest income, rental income from souvenir kiosks and F&B outlets in Singapore Botanic Gardens and Fort Canning Park, admission charges and licence fees. The income for the year was $35.88 million. The lower income in FY2025 was mainly due to a decrease in interest income, rental income, admission charges and miscellaneous income.

FY 2025 vs FY 2024 Operating Income ($'000)

Grouped bar chart comparing FY 2025 and FY 2024 operating income by category. The supplied chart labels FY 2025 quarantine fees and services as 1,132; the supplied data table labels it as 1,133.
FY 2025 vs FY 2024 Operating Income ($'000)
FY 2025 vs FY 2024 Operating Income ($'000)
IncomeFY 2025
$'000		FY 2024
$'000		Variance
$'000% Change
Rental income6,5967,208(612)(8.5)
Admission charges3,3974,236(839)(19.8)
Plan fees1,7811,6781036.1
Course fees1,0221,006161.6
Agency fees87058128949.7
Interest income9,90514,359(4,454)(31.0)
Carpark income94381612715.6
Certificates and permit fees2,3891,79159833.4
Laboratory and inspection fees654791(137)(17.3)
Licence fees2,4362,909(473)(16.3)
Quarantine fees and services1,1331,392(259)(18.6)
Miscellaneous income4,7557,731(2,976)(38.5)
Total35,88144,498(8,617)(19.4)

Operating Expenditure

The Group's operating expenditure for the year was $499.97 million. This marked an increase of about 10% more than last year's operating expenditure of $454.76 million. The increase was mainly due to an increase in staff costs, maintenance of parks, animal and veterinary related expenses and depreciation costs which was in turn offset by a decrease in general and administrative expenses.

FY 2025 vs FY 2024 Operating Expenditure ($'000)

Grouped bar chart comparing FY 2025 and FY 2024 operating expenditure for staff costs, maintenance of parks, animal and veterinary related expenses, general and administrative expenses, and depreciation.
FY 2025 vs FY 2024 Operating Expenditure ($'000)
FY 2025 vs FY 2024 Operating Expenditure ($'000)
ExpenditureFY 2025
$'000		FY 2024
$'000		Variance
$'000% Change
Staff costs181,015163,62717,38810.6
Maintenance of parks185,997163,09922,89814.0
Animal and veterinary related expenses33,25427,4085,84621.3
General and administrative expenses77,84480,081(2,237)(2.8)
Depreciation of property, plant and equipment and right-of-use assets21,86220,5411,3216.4
Total499,972454,75645,2169.9

Capital Expenditure

The group's capital expenditure for the year was $12.26 million. The decrease in capital expenditure was mainly due to lower spending incurred on equipment, land and other improvement works and development work-in-progress in FY2025.

Capital Expenditure for FY25 and FY24

Two donut charts comparing capital expenditure. FY 2025: development work-in-progress 86%, equipment 10%, land and other improvements less than 1%, and motor vehicles 4%. FY 2024: development work-in-progress 84%, equipment 9%, land and other improvements 6%, and motor vehicles 1%.
Capital Expenditure for FY25 and FY24
Capital Expenditure for FY25 and FY24 ($'000)
ExpenditureFY 2025
$'000		FY 2024
$'000		Variance
$'000% Change
Development work-in-progress10,55716,942(6,385)(37.7)
Equipment1,2251,762(537)(30.5)
Land and other improvements261,109(1,083)(97.7)
Motor Vehicles45423921590.0
Total12,26220,052(7,790)(38.8)

Financial Position

As at 31 March 2026, the Group's total assets stood at $765 million which was an increase of 6% from last year. Non-current assets and current assets represented 24% and 76% of total assets respectively. Non-current assets consisted mainly of leasehold land and buildings, structures, capital and other improvements at Singapore Botanic Gardens, Fort Canning Park, Animal & Plant Health Centre, Animal Quarantine Centre and Animal Management Centre. Capital and reserve stood at $483.47 million, while non-current liabilities and current liabilities stood at $125.47 million and $156.06 million respectively.

Assets

Two donut charts comparing assets. FY 2025: non-current assets 24% and current assets 76%. FY 2024: non-current assets 27% and current assets 73%.
Assets
Assets ($'000)
AssetsFY 2025
$'000		FY 2024
$'000		Variance
$'000% Change
Non-current Assets184,014195,320(11,306)(5.8)
Current Assets580,985527,78253,20310.1
Total764,999723,10241,8975.8

Equity & Liabilities

Two donut charts comparing equity and liabilities. FY 2025: capital and reserve 64%, non-current liabilities 16%, and current liabilities 20%. FY 2024: capital and reserve 62%, non-current liabilities 18%, and current liabilities 20%.
Equity & Liabilities
Equity and Liabilities ($'000)
Equity and LiabilitiesFY 2025
$'000		FY 2024
$'000		Variance
$'000% Change
Capital & reserve483,470445,61037,8608.5
Non-current liabilities125,474135,046(9,572)(7.1)
Current liabilities156,055142,44613,6099.6
Total764,999723,10241,8975.8
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