Total revenue increased to S$10.9 million, 118% up from S$5.0 million in 2023Strong performance across all segments: Brokerage, Property Management, and Emerging ServicesNet loss narrowed significantly to S$4.4 million, or US$0.13 per shareGross margin improved to 40.5%, with notable gains in Brokerage and Emerging ServicesEBITDA loss reduced from S$5.1 million to S$3.4 million, with margin improving from -103% to -31% SINGAPORE, April 29, 2025 (GLOBE NEWSWIRE) -- Ohmyhome Ltd. (NASDAQ: OMH), a one-stop-sho ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 For the fiscal year ended December 31, 2024 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF ...

Core Viewpoint - Ohmyhome Ltd. has announced a reverse stock split of its ordinary shares at a ratio of 1-for-10, aimed at complying with Nasdaq's minimum bid price requirement [1][4]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the total number of outstanding ordinary shares from approximately 24 million to about 2.4 million [2]. - The effective date for the reverse stock split is March 10, 2025, and the new par value of the shares will be adjusted to $0.01 per share [3]. - Outstanding warrants and options will be adjusted proportionately in accordance with the reverse stock split, with no fractional shares issued [5]. Group 2: Compliance and Corporate Actions - The reverse stock split is part of Ohmyhome's strategy to meet Nasdaq's requirement of maintaining a minimum bid price of at least $1.00 per share [4]. - The Company has amended its Memorandum of Association to proportionately reduce the number of authorized shares for issuance [3]. Group 3: Company Overview - Ohmyhome is a property technology platform in Singapore, providing end-to-end property solutions including brokerage, renovation, and property management services [7]. - Since its launch in 2016, Ohmyhome has transacted over 15,500 properties and manages approximately 9,300 units as of October 29, 2024 [7].

ôhmyhome OMH | Nasdaq Listed Transforming Property Transaction using Al Ohmyhome Q3 2024 Growth Update hmyhome.com Rent Renovation Home Valuation Stay in the loop of your home's value every 房产买卖出租(中文春服 Chat With Us Sell your property with Ohmyhome & experience the differen Important Notices & Disclaimers This presentation contains forward-looking statements that reflect our current expectations and views of future events, all of which are subject to risks and uncertainties. If used, the words "believe", "ma ...

Core Insights - Ohmyhome Ltd. reported significant business growth across its three segments in Q3 2024, with brokerage GTV increasing by 51% year-over-year, renovation contracts growing by 403% year-over-year, and property management units rising by 23% [1][2]. Group 1: Brokerage Segment - The agent brokerage business achieved a GTV of USD 84 million in Q3 2024, representing a 48.7% increase from USD 56.5 million in Q3 2023, indicating a growing client base and demand for services [3]. Group 2: Renovation Segment - The renovation segment signed contracts totaling SGD 1.93 million (approximately USD 1.46 million) for Q3 2024, a substantial increase from SGD 1.3 million (USD 0.9 million) for the first half of 2024, reflecting robust growth and customer interest [4]. Group 3: Property Management - The property management division expanded to 9,283 units under management, up from 7,560 units as of June 30, 2024, with new projects expected to contribute to revenue growth starting October 2024 [5]. Group 4: Profitability and Cash Flow - The company is focused on achieving profitability and optimizing cash flow, reporting a significant narrowing of losses in Q3 2024 due to improved operational efficiencies and revenue growth [6]. - As of September 30, 2024, cash and cash equivalents increased to SGD 2.7 million (USD 2.1 million) from SGD 2.4 million (USD 1.8 million) as of June 30, 2024, reflecting a commitment to cash flow optimization while investing in growth [7]. Group 5: Company Overview - Ohmyhome is a property technology platform providing end-to-end solutions including brokerage, renovation, and property management services in Singapore, having transacted over 15,500 properties since its launch in 2016 [8].

Core Insights - Ohmyhome Ltd. will announce its third-quarter growth updates on October 29, 2024, following a reported 106% growth in the first half of 2024 [1] - A webinar will be held on the same day to present insights on the company's growth [1] Company Overview - Ohmyhome is a property technology platform in Singapore, offering end-to-end property solutions including brokerage, renovation, and property management services [3] - Since its launch in 2016, Ohmyhome has transacted over 14,500 properties and manages approximately 7,560 units as of June 30, 2024 [3] - The platform has received over 8,000 genuine reviews with an average rating of 4.9 out of 5 stars, making it the highest-rated property transaction platform [3]

Core Insights - Ohmyhome Ltd. is a property technology platform in Singapore that offers comprehensive property solutions including brokerage, renovation, and property management services [3][8] - The company will release an update on its growth for 2024 before the market opens on July 5, 2024 [3] - Ohmyhome has successfully transacted over 15,000 properties and manages approximately 6,800 units as of December 31, 2023 [8] Company Overview - Ohmyhome aims to provide speed, ease, and reliability in property-related services, positioning itself as a trusted solution for property needs [5] - The platform has received high customer satisfaction, boasting an average rating of 4.9 out of 5 stars from over 8,000 genuine reviews [8] Upcoming Events - A webinar will be hosted by Ohmyhome to discuss key business updates on the same day as the growth announcement, scheduled for 8:30 a.m. Eastern Standard Time / 8:30 p.m. Singapore Time [7]

Company Overview - Ohmyhome Ltd. is a property technology platform in Singapore that offers end-to-end property solutions including brokerage, renovation, and condominium property management services [3] - Since its launch in 2016, Ohmyhome has transacted over 15,000 properties and manages approximately 6,800 units as of December 31, 2023 [3] - The platform is highly rated, with more than 8,000 genuine reviews and an average rating of 4.9 out of 5 stars [3] Upcoming Events - Ohmyhome will release an update on its growth in 2024 before the market opens on July 5, 2024 [1] - A webinar will be hosted on the same day at 8:30 a.m. Eastern Standard Time / 8:30 p.m. Singapore Time to discuss key business updates [4] Company Mission - Ohmyhome aims to provide speed, ease, and reliability in property-related services, aspiring to be the most trusted and comprehensive property solution for everyone [8]

Singapore, May 06, 2024 (GLOBE NEWSWIRE) -- Ohmyhome Ltd. (NASDAQ:OMH, "Ohmyhome", "the Company"))), a one-stop-shop property technology platform providing end-to-end property solutions and services including brokerage, renovation and condominium property management services in Singapore, is pleased to announce a robust performance in the First Quarter of 2024, demonstrating significant growth across its three main business segments: brokerage, renovation, and property management. Transaction volume increas ...

Financial Performance - Brokerage services generated revenue of S$3,731,586, S$3,072,060, and S$2,817,930, representing 85.2%, 43.7%, and 56.3% of total revenue for the years ended December 31, 2021, 2022, and 2023 respectively[37]. - The company recorded negative cash flow from operating activities of S$1,812,064, S$3,106,317, and S$4,854,939 (US$3,679,937) as of December 31 for the years 2021, 2022, and 2023 respectively[46]. - The company experienced an 8.0% decline in revenue for the financial year 2023 compared to 2022, with a 22.9% decline in the total number of transactions for both HDB and private properties in Singapore for the financial year 2022 compared to 2021[115]. - There was a 23.9% decline in the number of property transactions in the Brokerage Services segment in financial year 2023 compared to financial year 2022[116]. - For the financial year ended December 31, 2023, the company generated revenue of approximately S$5.0 million, representing an annual decline of 28.3%[201]. - Revenue from brokerage services constituted 56.3% of total revenue for the financial year ended December 31, 2023, while emerging and other services accounted for 26.6% and newly acquired property management services for 16.8%[201]. Operational Risks - The company faces significant risks related to maintaining relationships with third-party business partners, which are essential for providing a comprehensive property platform[43]. - The competitive landscape is evolving, with numerous service providers competing for market share, which may impact the company's profitability and market position[49]. - The company anticipates increased operating costs and expenses as it continues to grow, which may affect its ability to achieve profitability[47]. - The company may not be able to generate profit in the future, exposing it to liquidity risks due to net current liabilities and negative cash flow[46]. - The company relies on external financing for heavy construction equipment purchases, making it vulnerable to disruptions in global credit markets[41]. - The company is affected by the property market dynamics, particularly in Singapore, which has been a major source of income[73]. - A decrease in property transaction volumes can lead to reduced revenue from brokerage services and related offerings[74]. - The company incurs higher operational costs due to its employment model compared to traditional brokerage firms, impacting financial performance[65]. - The company's real estate brokerage business is significantly affected by mortgage approval levels, which have decreased considerably in Singapore since the introduction of the TDSR framework in 2013[75]. - The company faces potential disruptions in supply for emerging services, which could increase operating costs and adversely affect financial performance[105]. - Adverse macroeconomic conditions, such as rising interest rates and inflation, could significantly reduce property transaction volumes and revenue[114]. Technology and Innovation - The company is heavily reliant on technological advancements and must continuously innovate to meet evolving industry standards and customer expectations[53]. - Significant investments in technology development are necessary, but there are risks of delays and inability to recoup costs if customer demand decreases[54]. - The company relies on third-party technology and software, such as Amazon Web Services, and does not have long-term agreements, which may lead to disruptions if licenses are not renewed on favorable terms[89]. - The company utilizes open source software, which poses risks of liability and security vulnerabilities if compliance with licensing terms is not maintained[92]. - Errors or inaccuracies in the company's business data and algorithms could adversely affect business decisions and customer experience, potentially leading to misallocation of resources[95]. - The performance and reliability of the online platform are critical, with potential system interruptions leading to reduced transaction volumes and customer dissatisfaction[59]. Market Strategy - The company’s ability to attract home buyers and sellers to its online platform is crucial for its growth strategy, which may be hindered by competition and market conditions[30]. - The company's growth strategy depends on attracting home buyers and sellers to its online platform through effective marketing efforts[55]. - Marketing initiatives may face challenges such as changes in search engine algorithms and increased competition, potentially reducing customer acquisition efficiency[56]. - The company relies on internet search engines and mobile application stores for traffic, and fluctuations in rankings can adversely affect website visits and customer numbers[58]. - The company aims to expand market share, enhance service efficiency, and develop technology to improve data insights and customer experience[101]. - The company’s growth strategies include expanding service offerings and geographical market reach, but these plans are subject to significant risks and challenges[109]. Compliance and Regulatory Issues - Compliance with real estate regulations is mandatory, and failure to maintain licenses could result in significant operational impacts[68]. - The evolving privacy regulations may increase operating costs and compliance risks, potentially harming the company's reputation and financial condition[78]. - The company is subject to legal and regulatory proceedings that could materially impact its business and financial condition[111]. - The company is subject to evolving laws and regulations, which may increase compliance costs and affect business operations as it expands into new markets[170]. Corporate Structure and Governance - The company was incorporated in the Cayman Islands on July 19, 2022, with an authorized share capital of US$500,000 divided into 500,000,000 Ordinary Shares[178]. - The company is classified as a foreign private issuer, exempt from certain U.S. securities regulations, which may result in less timely and extensive information for investors[151]. - The company must file an annual report on Form 20-F within four months of the fiscal year-end, but the information provided will be less extensive than that required for U.S. domestic issuers[152]. - The company may lose its foreign private issuer status, leading to significant additional costs and compliance requirements[153]. - The company may be classified as a passive foreign investment company (PFIC), which could result in adverse tax consequences for U.S. taxpayers holding its securities[154]. - The company plans to rely on home country corporate governance practices, potentially affording shareholders less protection than U.S. regulations[148]. - Shareholders of Cayman Islands exempted companies have no general rights to inspect corporate records, making it difficult to obtain necessary information for shareholder resolutions[147]. Acquisitions and Investments - The company completed the acquisition of 100% of the issued share capital of Simply for a total consideration of S$4,712,000 on October 6, 2023[182]. - The company signed a non-binding memorandum of understanding to potentially invest in or acquire Ohmyhome Property Inc. in the Philippines[203]. - The company has entered into a debt purchase agreement to acquire a debt of US$1,986,287.50 from Ohmyhome Property Inc., with a 5.0% interest rate[205]. - The company has received a Letter of Offer for a working capital loan of S$432,000 (US$327,397) with a loan term of 5 years at an interest rate of 7.50% per annum[210]. Customer Engagement and Services - The company operates a one-stop-shop property platform providing end-to-end property solutions and services for both the HDB and private property markets[197]. - The online platform allows home sellers to list properties for free and home buyers to view listings freely, with databases for HDB units, condominiums, and other private properties[222]. - The AI chatbot enables customers to input property preferences and receive a curated list of recommended properties for free, enhancing the property search experience[224]. - Customers can choose to self-transact or engage Super Agents for assistance in property transactions[223]. - The company verifies the authenticity of listings through on-site visits by Super Agents and integration with SingPass, a government-administered digital identity database in Singapore[222]. Human Resources - The company is heavily reliant on Super Agents and third-party service providers to maintain service quality, which is critical for customer satisfaction and retention[36]. - The company’s compensation model for Super Agents may be unattractive compared to traditional models, impacting the ability to attract and retain talent[103]. - Key management personnel, including the CEO and COO, are critical to the company's success, and their loss could materially impact business operations[100]. - On average, in 2023, Super Agents completed approximately 47 transactions per month through the platform[219].