Link: https://links.sgx.com/1.0.0/corporate-announcements/NNTW2BAJ2LTN62B1/5d457769ac7281d3c4e8d2acd75045dc8eb2b186953d3f89bfb6696a100a44e0

Summary:

• OIO Holdings Limited's unaudited financial results for the first quarter ended 31 March 2025 show a challenging period.
• Revenue decreased by 35.8% to S$119,203, while gross profit saw a significant decline of 54.1%.
• The company reported an operating loss and a net loss for the quarter, a reversal from the profit recorded in the corresponding period last year.
• The financial results were heavily impacted by impairment loss and loss on disposal of crypto assets, contributing to a substantial decrease in other operating income and an increase in operating expenses.
• The release of these results is accompanied by the context of a material uncertainty related to the company's ability to continue as a going concern.