Think about it. When a company owes creditors nothing, every dollar of cash it generates belongs to the shareholders. There are no interest payments which are affecting the profits. The treasury is becoming empty due to non-repayment of loans. Management can focus on growing the business and rewarding the people who own it. Here are three SGX-listed stocks that have zero debt, are sitting on big cash piles, and have raised their dividends for FY2025.
Sheng Siong Group (SGX:OV8)
Sheng Siong One of Singapore’s largest supermarket operators, it had 93 stores in Singapore and China as of 31 March 2026. Financial year 2025 was good for the retailer. Revenue grew 9.9% year-on-year (YoY) to S$1.57 billion as 12 new stores opened – its biggest expansion since 2018. Gross margin improved to 31.3% from 30.5% as the group sold more house-brand products….
