Summary:

• Operating revenue for 1H2026 rose 17% year-on-year to S$877,000, driven mainly by higher trustee service fees from new clients.

• Total income climbed 19% to S$1.11 million, supported by stronger associate contribution of S$153,000 versus S$72,000 a year earlier.

• Operating loss before tax narrowed 10% to S$714,000 as higher income offset a rise in other expenses to S$678,000 on increased professional and commission costs.

• Net asset value per share eased to S$0.86 from S$0.94 as total equity fell to S$7.56 million, reflecting cumulative losses for the half year.

• The group remains debt free, with liquidity comprising S$3.28 million in cash and S$2.23 million of other financial assets, though cash declined from S$4.44 million six months earlier.

• No interim dividend was declared as the group continues to conserve cash for business growth and new opportunities in a competitive Singapore trust market.

https://links.sgx.com/1.0.0/corporate-announcements/HJHM940LDQE4NSD0/1aa1d52ca2030baad3d7c1086f82475f39a85f9653186a6082e12aa822273ba2