Link: https://links.sgx.com/1.0.0/corporate-announcements/G5JKFB00CQEUPXWP/30f2ca17e8de0d39e5cb79a42f5cd9dc6e4e7b8c97343ce66aa2f29782ff777f

Summary:

• The group projects a larger consolidated net loss for Q1 FY2026 (ended 30 September 2025) versus the prior-year period.

• Golf Business: Segment loss worsened as operating expenses outpaced lower revenue—impacted by weak consumer spending in China, a property market slump, and fierce competition.

• Luggage Business: Ongoing geopolitical uncertainties led to losses; sector yet to attain production efficiency due to project delays, design changes, and slow client order deliveries.

• Financing Business: Recorded lower profit from the absence of a one-off credit loss reversal seen in the previous year.

• Results are preliminary; finalized Q1 FY2026 financials will be released by 14 December 2025.

• Shareholders and investors are urged to exercise caution and consult professional advisors when trading the company’s shares.