Link: https://links.sgx.com/1.0.0/corporate-announcements/J7VPN6JSCWGJXL4I/8ae293ff43ca0d7ffa143e87989f96c14f6f20d02b86b494eba13ecbacdb08b0

Summary:

• Group revenue for 1HFY2026 plunged 53.2% year-on-year to S$40.0 million, reflecting sharp drop in content and events business.

• Gross profit collapsed 85.9% to S$3.29 million; administrative expenses surged 291.8% after major impairment losses and credit write-downs.

• Net loss ballooned to S$39.0 million (vs S$3.9 million last year); basic loss per share increased to 0.61 cents (from 0.09 cents).

• Capital position deteriorated: net asset value per share fell to -0.52 cents; current liabilities exceeded current assets by S$37.5 million.

• Operating cash flow positive at S$1.28 million, but cash and equivalents reduced to S$8.0 million.

• Share trading suspended from 10 Nov 2025 after the company filed for a court-sanctioned moratorium under Singapore's Insolvency Act.

• Board unable to demonstrate going concern status under SGX rules; urgent ongoing restructuring and creditor engagement.

• Content and event segment faces tough market; company focuses on cash preservation and recovery of receivables.