Link: https://links.sgx.com/1.0.0/corporate-announcements/YI6K0BORSKBUW5EV/25235c180f80b8ac7055cb05461691f55d8721429b15174c299f9f2377dc486f

Summary:

• Revenue for six months ended 30 September 2025 fell 60.8% year-on-year to S$784,000 (from S$2.00 million in 1H FY2025); both Digital Media and Public Relations saw project delays and reduced completions.

• Net loss attributed to equity holders was S$679,000 (down 19.3% from S$841,000 a year ago); total group net loss at S$765,000.

• Gross profit cut in half to S$473,000, as decreasing revenue outpaced cost cuts.

• Administrative expenses dropped 33% on lower staff and professional expenses, supporting smaller net loss.

• Cash and cash equivalents increased to S$491,000 at period end following S$2.2 million share placement in October 2025; borrowings (S$3.0 million) and net current liabilities (S$4.8 million) still pose a risk.

• Net asset value per share was 0.58 cents (down from 0.72 at March 2025); group remains a going concern with shareholder loan, cost reduction, and new capital.

• No interim dividend declared; Board focuses on cash, project wins, and leveraging post-pandemic recovery in live/experiential content and public relations.

• Key risks: persistent operating loss, rising competition, working capital needs, and one major convertible bond due in 2027.