Link: https://links.sgx.com/1.0.0/corporate-announcements/536SKYFXFY6YZ6UD/34ca0f00a0958bddf459e2bf0ac103b29b31a539c720d6d1583adec3397d9da1

Summary:

• Group revenue plummeted 77% year-on-year to S$160,000 for nine months ended 30 September 2025, reflecting loss of key digital wallet customer and fierce competition in digital marketing.

• Net loss widened 33% to S$961,000 (from S$724,000 last year); basic loss per share stretched to 0.0176 cents.

• Operating expenses fell 22% to S$1.13 million, led by staff reductions and other cost-saving initiatives.

• Cash and cash equivalents jumped to S$808,000 (from S$140,000 at end-2024), aided by S$2.13 million raised through a call option and private placements.

• Group maintains positive net current assets of S$179,000 and received a director’s letter of financial support; no bank borrowings outstanding.

• Intangible assets held at S$1.89 million; impairment assessment shows no further write-down required.

• Subsidiary Custody Plus (MAS-licensed) shifting business focus to tokenization of Real World Assets and ecosystem development; APEC Solutions pivots to blockchain consulting, securing new stablecoin payment mandate in aviation.

• No dividend declared as group seeks to restore profitability and target blockchain growth across verticals.