Link: https://links.sgx.com/1.0.0/corporate-announcements/OKM9MPDWAL9WDTJ0/893acc2489784d2bf0be1381c128be2b328defac2c546a2965fb753a6ef87fb4

Summary:

• Meta Health Limited is releasing quarterly financial statements due to material uncertainty related to going concern identified by the company's auditors.
• The Group reported a lower loss after tax of approximately S$0.3 million for the first quarter and three-month financial period ended 31 March 2025, compared to a loss of approximately S$1.0 million in the corresponding period of the previous year.
• As at 31 March 2025, the Group reported net liabilities and net current liabilities of S$0.6 million each.
• The financial statements are prepared on a going concern basis, supported by factors including cost-reduction strategies, a revised payment plan with the Royal Malaysian Customs Department, actions to recover funds related to irregularities, and an undertaking from a controlling shareholder for financial support.
• Total borrowings (current and non-current) decreased to S$1.7 million as at 31 March 2025, from S$2.1 million at the end of 2024.