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Riverstone Holdings Limited

Riverstone Holdings Limited

AP4.SI
Riverstone Holdings LimitedSG flagStock Exchange of Singapore
0.84
SGD
-0.01
- -
1.25BMarket Cap
Riverstone Holdings Limited
AP4.SI
(Stock Exchange of Singapore)

Recent

price

0.84

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.18
0.22
0.24
0.25
0.27
0.38
0.44
0.55
0.62
0.67
1.23
2.08
0.85
0.62
0.72
0.67
0.67
Revenue per Share
0.03
0.03
0.03
0.04
0.05
0.09
0.08
0.09
0.09
0.09
0.44
0.96
0.21
0.15
0.19
0.14
0.14
Basic EPS, GAAP
0.01
0.01
0.02
0.03
-0.01
0.05
0.01
0.02
0.03
0.06
0.41
0.96
0.17
0.13
0.15
0.15
0.15
Free Cash Flow per Basic Share
0.01
0.01
0.01
0.02
0.02
0.02
0.03
0.03
0.04
0.04
0.05
0.3
0.54
0.28
0.24
0.2
0.15
Dividend per Share
0.09
0.09
0.1
0.11
0.11
0.11
0.11
0.45
0.51
0.56
0.95
1.6
1.27
1.14
1.09
1.03
1.03
Book Value per Share
0.16
0.18
0.2
0.22
0.25
0.32
0.37
0.43
0.48
0.53
0.92
1.57
1.25
1.13
1.06
1
1
Tangible Book Value per Share
1,245
1,267
1,303
1,448
1,485
1,482
1,482
1,482
1,482
1,482
1,482
1,482
1,482
1,482
1,482
1,482
1,482
Basic Weighted Avg Shares
222
273
310
358
399
560
655
817
921
989
1,830
3,082
1,260
915
1,073
995
995
Sales/Revenue/Turnover
19.75
15.73
15.6
20.29
20.31
25.77
21.2
18.31
16.51
15.98
46
59.71
31.12
27.13
30.79
24.53
25.61
Operating Margin (%)
11
14
16
19
19
25
30
35
41
48
53
56
63
60
65
71
71
Depreciation Expense
40
39
40
58
71
127
120
128
130
130
647
1,418
314
220
287
208
208
Net Income, GAAP
7.61
9.97
17.93
20.16
12.52
12.34
13.32
14.14
14.16
17.15
23.07
23.71
24.61
21.11
20
21.44
21.44
Effective Tax Rate (%)
18.23
14.16
12.8
16.2
17.77
22.59
18.38
15.62
14.08
13.19
35.37
46
24.96
24.09
26.75
20.88
20.88
Profit Margin (%)
83
94
106
170
154
207
222
233
220
265
818
1,696
1,171
1,013
867
792
792
Working Capital
- -
- -
- -
- -
- -
- -
- -
19
13
7
2
- -
- -
1
- -
- -
- -
LT Debt
200
224
255
323
372
482
555
633
709
789
1,358
2,332
1,853
1,682
1,577
1,476
1,476
Total Equity
21.69
18.16
16.48
19.85
20.19
29.29
22.95
20.97
18.62
16.95
57.08
71.18
13.56
10.98
16.11
12.49
13.04
Return on Invested Capital (%)
23.96
34.55
33.45
41.39
45.38
80.94
76.98
30.11
17.79
16.25
57.52
74.96
14.76
12.32
17.35
13.23
13.23
Return on Capital (%)
24.01
34.58
33.45
41.39
45.38
80.95
76.98
30.8
18.24
16.52
58.04
75.15
14.77
12.32
17.36
13.23
13.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,482
1,482
1,482
Market Capitalization
3,294
3,464
4,074

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
860
910
888
Cash, Cash Equivalents & STI
602
661
621
Accounts Receivable, Net
153
149
163
Inventories
96
94
87
Total Current Liabilities
108
99
96
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.4%
5.86%
-6.42%
Free Cash Flow
73.95%
9.33%
-2.04%
Net Income, GAAP
41.36%
2.79%
-27.59%
Sales/Revenue/Turnover
13.88%
-1.6%
-7.23%
Total Cash Common Dividend
- -
102.02%
-18.37%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
238
224
223
230
915
2024
249
247
298
278
1,073
2025
252
245
247
251
995

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.03
0.03
0.04
0.05
0.15
2024
0.05
0.05
0.05
0.05
0.19
2025
0.04
0.03
0.04
0.04
0.14

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.08
0.1
- -
0.1
0.28
2024
- -
0.16
- -
0.08
0.24
2025
- -
0.15
- -
- -
0.2
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Business
Riverstone Holdings Limited, an investment holding company listed on the Singapore Exchange (SGX:AP4), manufactures and distributes cleanroom gloves, healthcare gloves, and related consumables primarily for high-technology industries including semiconductors, electronics, and hard disk drives; its core products encompass nitrile and natural rubber cleanroom gloves for Class 10 and Class 100 environments under the RS Riverstone Resources brand, finger cots, cleanroom packaging materials, and sourced items such as face masks, hoods, caps, jumpsuits, shoe covers, boots, wipes, and swabs. The company operates integrated manufacturing facilities in Malaysia and Thailand, with additional processing in the People's Republic of China, and maintains sales offices across Singapore, Malaysia, Thailand, the Philippines, the PRC, and the US, serving major multinational customers like Seagate Technology, Western Digital, and Hitachi Global Storage Technologies; exports reach Asia, North America, and Europe. Founded in 1991 and headquartered at 362 Upper Paya Lebar Road in Singapore, Riverstone produces with nine dipping lines yielding around 601 million gloves annually, alongside capacity for 475 million finger cots and 876 tonnes of packaging materials. In recent developments, the company completed construction of six new cleanroom glove production lines and three healthcare glove lines by end-2024, with three additional healthcare lines slated for commissioning in first-quarter 2025 to boost capacity for customized, higher-value products and replace older lines for improved efficiency; it reported 21.8% net profit growth to RM72.2 million in third-quarter fiscal 2024 on 33.9% revenue increase to RM298.4 million, reflecting strong demand in cleanroom and healthcare segments.