Link: https://links.sgx.com/1.0.0/corporate-announcements/WW709TXPXM6586SU/7f3f5da7de67b7dc5f040092724308c7af7f63f880c8306138ad17335ab4f091

Summary:

• Revenue for 1H 2025 fell by 41.3% to S$197,000 (1H 2024: S$336,000), mainly due to lower digital wallet and staking services income and no agency service income.

• Net loss for 1H 2025 was S$932,227, an improvement from a loss of S$1,103,836 in 1H 2024.

• Gross profit dropped 58% to S$95,595; overall gross profit margin was 48.5% versus 67.6% last year.

• Decrease in administrative and other operating expenses due to cost-cutting, absence of prior-period impairments, and conversion of convertible notes.

• Operating expenses: Administrative costs cut by 39% to S$801,000, other operating expenses down 11% to S$432,000, and finance costs dropped sharply due to no convertible note interest.

• Loss per share improved to S$0.46 cent (1H 2024: S$0.59 cent).

• Net liability value per share: 3.03 cents (30 June 2025).

• No tax expense due to ongoing losses.

• Management continues to focus on cost control, maintaining liquidity, and supporting blockchain technology and staking service businesses.

• Review highlights narrowing net loss, effective cost management, and ongoing business uncertainties related to going concern.