NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 24 BANK LOANS Group Company Note 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Bank loans repayable within 1 year – secured 445 470 – – – unsecured 942,686 1,184,044 801,631 1,136,557 21 943,131 1,184,514 801,631 1,136,557 The Group’s secured bank loans bore interest at 2.28% (2024: 2.40%) per annum as at 31 December 2025. The loans are secured by mortgages on the borrowing subsidiary’s property, plant and equipment (note 4) and a pledge on cash deposits (note 18). The Group’s unsecured bank loans bore interest at 1.72% to 5.00% (2024: 3.73% to 6.00%) per annum as at 31 December 2025. The Company’s unsecured bank loans bore interest at 2.20% to 4.77% (2024: 4.73% to 5.76%) per annum as at 31 December 2025. 25 EMPLOYEE BENEFITS Group Company 2025 2024 2025 2024 $’000 $’000 $’000 $’000 Net defined benefit asset (5,401) (4,877) – – Net defined liability for: – defined benefit liability 3,953 3,912 – – – short-term accumulating compensated absences 28,163 29,094 2,468 2,546 – other long-term benefits 9,092 7,356 8,251 6,530 41,208 40,362 10,719 9,076 Non-current 6,921 6,628 2,885 2,670 Current 34,287 33,734 7,834 6,406 41,208 40,362 10,719 9,076 Group 2025 2024 $’000 $’000 Net defined benefit asset Present value of unfunded obligations 3,681 3,352 Present value of funded obligations 81,487 79,959 Fair value of plan assets (86,616) (84,276) Net defined benefit asset (1,448) (965) ANNUAL REPORT 2025 | 171
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