OTS Holdings is a food manufacturing group with over 1,100 ready-to-cook and ready-to-eat products across 7 brands. Perhaps the most well-known of these are Golden Bridge’s luncheon meat and sausage products and El-Dina’s canned chicken curry. The group maintains these house brands to target different demographics and dietary needs, launching the ready-to-eat brand “ANEW” in 2022 to cater to a growing demand for plant-based meat products.
The company began in 1993 and currently operates three modern food manufacturing facilities, two in Singapore and one recently acquired in Simpang Renggam, Johor. Their products are sold across Singapore and Malaysia, and are also exported to markets including Australia, Hong Kong, India, Indonesia, Brunei, and the Philippines.
It was listed on the Singapore Exchange in 2021.
#1 How Has OTS Holdings’ Revenue Grown Year-On-Year?
OTS Holdings recorded 6.8% year-on-year revenue growth to S$16.8 million in the first half of FY2025, driven primarily by export sales. However, it’s important to note that we recently entered the Japanese distribution market, where initial order volumes tend to be higher to stock multiple outlets. Order quantities may subsequently decrease.
Nevertheless, having been FSSC 22000 certified since 2015 and being two of only four of Singapore’s EU-approved meat processing facilities, we are well-positioned to further expand into international markets.
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#2 What Sustainability Initiatives Is OTS Holdings Prioritising?
As a Group, we aim for long-term value through sustainable business performance. We are transitioning towards a low-carbon future and enhancing our long-term sustainability.
Driven by a passion for innovation, OTS Holdings continues to refine our recipes and explore technological advancements to improve efficiency and product quality. Our in-house research and development team plays a key role in helping us stay ahead of evolving consumer trends.
We actively conserve water and manage effluent, while also reducing waste and improving energy efficiency to cut greenhouse gas emissions.
As part of the Group’s climate change transition plan, we have invested in solar power initiatives. The energy output from solar panels is equivalent to approximately 10% of the energy purchased from the grid. This contributes to our ongoing strategy to reduce 30% of our aggregated absolute Scope 1 and 2 GHG emissions by FY2035, using FY2023 as our baseline.
OTS also promotes equality and diversity through inclusive HR policies. We believe strong corporate governance underpins our sustainability, with zero tolerance for corruption and a whistle-blowing policy to ensure accountability.
#3 Are OTS Holdings Affected By The Current Geopolitical Instability?
Geopolitical instability and tariff conflicts may cause sudden changes in raw material prices and currency rates. We are managing this through prudent procurement, cost control, and ongoing business adjustments.
Singapore remains the primary revenue contributor for OTS Holdings, accounting for approximately 60-70% of total revenue.
#4 How Do Changes In Interest Rates Affect OTS Holdings?
The Group traditionally operates with minimal reliance on bank financing, only securing additional external funding to set up our new halal-certified plant in Malaysia. The amount borrowed was RM10 million, with the majority of the project funded through internal resources.
In the first half of FY2025, our total outstanding loans stood at less than S$4 million. We therefore don’t expect fluctuations in interest rates to have a material impact on our financial performance.
#5 What Is OTS Holdings’ Strategy To Strengthen Business In Malaysia?
The new halal-certified facility in Johor is four times larger than our halal-certified facility in Singapore and is expected to start manufacturing in the middle of 2025. This allows the Group to significantly scale our halal offerings and meet the growing demand in domestic and international markets, especially Muslim-majority markets, through our 100%-owned subsidiary Ellaziq.
The Johor facility also reduces reliance on a single-country production model, and its proximity to Singapore allows for efficient logistics and supply chain integration. Overall, we expect it will improve cost efficiencies, allowing us to offer more competitive pricing.
Despite weaker consumer spending in Malaysia post-COVID, we have seen improvements in the first half of FY2025 and remain optimistic. The Group remains committed to Malaysia as a key growth market.
Editor’s Note: Some answers for this article were extracted from the SGX 10 in 10 series published on 10 June 2025 and republished with permission. You can read more about OTS Holdings (SGX: OTS) on the SGX website.You can also read other featured companies from SGX’s 10 in 10 series on the DollarsAndSense website.
