Autagco widens 1Q FY2026 loss to S$0.44m as revenue falls 19% and capital deficiency deepens
Summary:
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Group revenue dropped 19% year-on-year to S$0.25 million in 1Q FY2026, reflecting closures of legacy food & beverage outlets, partly offset by contributions from the assisted living business which now accounts for 38% of sales.
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Net loss increased to S$0.44 million from S$0.29 million a year earlier, with higher legal, professional and assisted-living-related operating costs more than offsetting savings from F&B closures.
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The Group remains in a stressed financial position, with net capital deficiency widening to S$3.07 million and net current liabilities at about S$2.21 million as at 31 October 2025.
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Management continues to prepare accounts on a going-concern basis, relying on undrawn shareholder loan facilities, extended maturity of a S$500,000 convertible loan, new third-party loans and undertakings from related parties not to demand repayment of salaries and certain debts.
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Cash and cash equivalents fell to S$0.03 million at end-October, while no dividend was declared for the quarter.