Bromat posts narrower 1QFY26 loss as revenue slumps 75%, leans on director funding and going-concern support
Summary:
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Bromat Holdings’ 1QFY26 revenue fell 74.6% to S$0.08 million, reflecting the absence of prior-year institutional catering revenue and reliance on its Shang Society restaurant.
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Net loss narrowed to S$0.56 million from S$0.66 million a year earlier, helped by lower staff and operating costs despite the sharp top-line contraction.
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Cash and bank balances stood at S$0.05 million against current liabilities of S$9.50 million, leaving the Group in a negative equity position of S$7.43 million as at 31 December 2025.
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The Group’s funding is heavily supported by Non-Executive, Non-Independent Director Frank Liu, who has provided a S$600,000 15% loan, a US$400,000 interest-free loan and S$2.34 million of interest-free advances, all repayable on demand.
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Despite material going-concern uncertainties, the Board cites Mr Liu’s loans, undertakings and recent shareholding consolidation as key support while it seeks to rebuild F&B revenues and explore new opportunities in a challenging cost environment.