Link: https://links.sgx.com/1.0.0/corporate-announcements/A41DVJELL2GBA8QB/6b723495023558e4f69e8d66a255b651be45d2726fd28e3d58f14ae28b48b5ce

Summary:

• Revenue for the nine months ended 30 September 2025 jumped to US$1.23 million (from US$0.05m in 9M2024), mainly from successful Korean remake "YOU ARE THE APPLE OF MY EYE."

• Cost of sales ballooned to US$2.67 million due to production costs for the same film release; gross loss for the period was US$1.45 million.

• Net loss widened to US$2.83 million (from US$2.04m); basic/diluted loss per share at 15.39 US cents, reflecting ongoing sector softness and one-off losses at the group’s associate SMGL.

• Operating cash flow negative US$0.88 million; cash reserves at period-end were US$0.11 million.

• Current assets at US$3.99 million; net asset value per share at US$0.95 (post 100-for-1 share consolidation in June 2025).

• Administrative and other expenses cut 53% and 88% Y/Y, but foreign exchange gains offset by production and associate losses.

• No dividend declared; Board plans to preserve cash and seek institutional funding, M&A, or strategic partnerships.

• Industry outlook: Korean content sector remains challenging due to stagnant growth, high production costs, slow content cycles, and competition for quality projects. Board is open to shifting strategic focus or synergistic M&A as recovery options.