Link: https://links.sgx.com/1.0.0/corporate-announcements/0DTU1SQ8K5QCK2EY/85aa92543436aae838f162798d92264ce7df771fc1e5f6e814a1cb29d9ac3b6e

Summary:

• Group revenue grew 6% to S$1.42 million, with food & beverage down 13% (closure of outlets), assisted living contributed S$0.26 million, and financial advisory was inactive.

• Net loss reduced to S$1.32 million (from S$3.20 million last year) due to lower expenses and outlet closures; cash flow from financing supported operations.

• Superfood Kitchen placed under members’ voluntary liquidation after last outlet closure; The Green Bar F&B also resolved for liquidation post-September 2025.

• Assisted living business expanded through the acquisition of Crescendo Wellness Living, now a growth focus amid Singapore’s fast-ageing demographic and supportive government policies.

• Company remains in a net capital deficit with S$0.07 million cash on hand; draws on loans from Aurico Global Holdings and third-party investors for working capital.

• No dividend declared for FY2025 due to negative earnings.

• Management expects growth in assisted living but notes industry challenges around market acceptance and pricing for seniors.