Tritech 3QFY2026 swings to S$1.4m loss on 33% revenue slide; going concern hinges on placements, debt conversion and project pipeline
Summary:
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Tritech Group’s 3QFY2026 revenue fell 33.0% year on year to S$4.3 million, dragging gross profit down 70.9% to S$0.6 million as project volumes and margins weakened.
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The Group posted a 3Q net loss of S$1.4 million versus a S$0.6 million profit a year earlier, taking 9M FY2026 into a S$2.2 million loss compared with a S$0.4 million profit in the prior period.
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Net current liabilities improved but remained negative at S$0.9 million at 31 December 2025, while total borrowings and shareholder loans stood at S$5.2 million with interest rates of 4.96%–10%.
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The company raised about S$2.43 million net from two share placements in August and November 2025 and has shareholder approval for debt conversions aimed at reducing leverage and strengthening its balance sheet.
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Directors acknowledge material uncertainty over going concern but base the outlook on project completion, tender wins, available bank facilities, ongoing Protocol Capital investment discussions and potential further fundraising.