Link: https://links.sgx.com/1.0.0/corporate-announcements/6PFOU752PYIAYBCB/8bab83a5fcfcdda645c21da4e6c32d4263adcf0feabd591cd67853ffe3c8fc0f

Summary:

• Group revenue for six months ended 30 September 2025 dropped 8.9% year-on-year to S$15.2 million, mainly due to weaker demand and ongoing market uncertainty from global trade tensions.

• Gross profit margin down to 46.3% (from 51.6% last year); gross profit fell 18.2% to S$7.0 million.

• Net loss attributable to owners ballooned to S$2.6 million (from S$68,000 last year); total comprehensive loss at S$2.9 million.

• Basic and diluted loss per share at 2.72 cents (from 0.07 cents).

• Cash and cash equivalents reduced to S$5.3 million (from S$9.9 million in March 2025); operating cash outflow for the period was S$335,000.

• Book value per share declined to 24.5 cents (from 27.3 cents at March 2025).

• No interim dividend declared; Board prioritizes cash for business growth and future opportunities.

• Company maintains focus on brand visibility events, promotional campaigns, opening new boutiques, and potential acquisitions and store expansions to drive future growth.

• Net proceeds of S$2.22 million from a recent rights issue have not yet been disbursed; will be used for new investments and future expansion.