Link: https://links.sgx.com/1.0.0/corporate-announcements/TXUJ0UV9JAM2LEAD/e3648b9ecc4d9712776cfec90ddd027cb77bb5e02a736df3f44e5f8e5048dc8d

Summary:

• Revenue for the nine months ended 30 September 2025 rose 21% year-on-year to S$3.4 million, driven by Malaysia’s digital commerce segment and the pilot launch of an upgraded payment services suite in Singapore.

• Quarterly net loss remained stable at S$0.7 million compared to prior year, as administrative and operating expenses declined and higher government grants offset seasonal cost increases.

• Gross profit margin dipped to 54% for 9M 2025 (from 67% last year) due to lower-margin Malaysia activity and the absence of prior one-off gains.

• Company remains in negative equity (S$0.88 million deficit) but maintains sufficient liquidity and completed a convertible loan facility and successful share placement during the period.

• Ongoing digitalisation among MSMEs, strong growth in regional markets, and new product launches underpin outlook despite intense competition and market softness in core Singapore.

• No dividend declared due to accumulated losses; strategic focus remains on platform upgrades and regional expansion into Thailand and Malaysia.