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YY Group Holding Announces Estimated Total Assets and Net Assets per Share of $8.03 and $3.18, Respectively, for Fiscal Year 2025
Prnewswire· 2026-03-25 12:07
YY Group Holding Announces Estimated Total Assets and Net Assets per Share of $8.03 and $3.18, Respectively, for Fiscal Year 2025 Accessibility StatementSkip NavigationEstimates Reflect $34.3M in Total Assets and $13.6M in Net Assets Following Share ConsolidationSINGAPORE, March 25, 2026 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced that, based on 2025 unaudit ...
YY Group (NASDAQ: YYGH) Appoints Arros AI Co-Founder Kai Yang as Chief AI Scientist to Accelerate AI-Powered Workforce Platform Development
Prnewswire· 2026-03-24 20:10
YY Group (NASDAQ: YYGH) Appoints Arros AI Co-Founder Kai Yang as Chief AI Scientist to Accelerate AI-Powered Workforce Platform Development Accessibility StatementSkip Navigation Appointment Deepens the Company's AI Capabilities as It Scales Toward Its FY2026 US$103 Million to US$110 Million Revenue Targets SINGAPORE, March 24, 2026 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM ...
YY Group Announces Effective Date of Reverse Stock Split
Prnewswire· 2026-03-19 12:00
YY Group Announces Effective Date of Reverse Stock Split Accessibility StatementSkip NavigationSINGAPORE, March 19, 2026 /PRNewswire/ -- YY Group Holding Limited (NASDAQ: YYGH) ("YY Group" or the "Company"), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced that its Board of Directors has resolved to effect a 50-for-1 reverse stock split of the Company's Class A ordinary shares. YY Group's Class A ordinary shares will begin trading on an adjusted ba ...
Biotech Breakthroughs and Strategic Pivots Fuel Market Momentum
Globenewswire· 2026-03-18 14:41
DENVER, March 18, 2026 (GLOBE NEWSWIRE) -- Today’s action highlights biotech and healthcare innovators advancing novel therapies and strategic platforms amid rising demand for targeted treatments and efficient global access. With the biologics market surging toward $650 billion+ by 2030 and medical tourism accelerating, today's developments showcase capital-efficient clinical progress, high-growth partnerships, and operational scaling, creating compelling narratives in precision medicine, oncology adjuvants ...
YY Group Announces Strategic Investment in Arros AI, an NVIDIA Inception Program Member
Prnewswire· 2026-03-17 20:10
Core Insights - YY Group has announced a strategic technology partnership with Arros AI to enhance its workforce technology and AI hiring infrastructure, aiming to support its FY2026 revenue guidance of US$103 million to US$110 million [1][8] Group 1: Strategic Partnerships and Technology Integration - The partnership with Arros AI will integrate AI-powered candidate discovery, screening, ranking, and interviewing capabilities into the YY Circle platform, improving recruiting efficiency and scalability [2] - YY Group is exploring a milestone-based incentive framework with Arros AI to align both parties on successful deployment and measurable commercial outcomes [2] - The company has launched a robotics pilot program in Las Vegas to evaluate hospitality and security robotics, marking its entry into the U.S. market [2] Group 2: Market Expansion and Revenue Growth - Since acquiring YY Circle Hong Kong in April 2025, YY Group has secured 20 strategic hotel partnerships, projecting HKD 100 million in revenue for 2026, representing over 1,000% growth from 2025 [3] - YY Circle Thailand has secured a one-year manpower outsourcing contract with The Landmark Bangkok, adding to its portfolio of luxury hospitality clients [4] - YY Circle Malaysia plans to expand its retail promoter workforce from approximately 120 to nearly 600 personnel in 2026, expecting to boost revenue contribution to approximately US$14 million [5] Group 3: Diversification and Client Relationships - YY Group secured a three-year facility maintenance contract with a major international bank in Singapore, diversifying its IFM client base beyond hospitality [6] - Strategic acquisitions in Singapore, including Property Facility Services Pte. Ltd. and Uniforce Security Pte. Ltd., are projected to contribute US$28 million and US$35 million in revenue over three years, respectively [7] - The company's unified digital IFM platform, 24iFM, supports bundled facility management solutions, enhancing client relationships and recurring revenue growth [7] Group 4: FY2026 Outlook - The developments contribute to a growing base of contracted revenue and pipeline visibility, supporting the company's FY2026 revenue guidance of US$103 million to US$110 million [8] - YY Group's capital and resources are focused on scaling core manpower and IFM operations, investing in technology and operational infrastructure to drive revenue growth [8] - The company expects to report full results for fiscal year 2025 around April 30, 2026 [8]
YY Group Holding Limited Announces Robotics Pilot Program in Las Vegas Hospitality and Security Markets
Prnewswire· 2026-03-16 12:17
Core Viewpoint - YY Group Holding Limited has announced a robotics pilot program in Las Vegas aimed at enhancing operational efficiency and service delivery in the hospitality and security sectors [1][4]. Group 1: Pilot Program Details - The pilot program will be conducted in collaboration with a local robotics company and is expected to last approximately one year [1]. - The focus will be on testing robotics solutions for hospitality services and security operations across hotels and commercial properties in Las Vegas [2][3]. Group 2: Expected Outcomes - The testing will assess robotics capabilities in real-world settings, including hotel operations, guest service support, and commercial security monitoring [3]. - If successful, the initiative may lead to broader deployments and potential orders for robotics solutions across various hospitality properties in Las Vegas [4]. Group 3: Strategic Importance - Las Vegas is identified as an ideal market for testing robotics technology due to its status as a major hospitality hub, attracting tens of millions of visitors annually [5]. - The company believes that robotics can help address labor challenges and improve service consistency and efficiency in hospitality operations [3][5]. Group 4: Company Background - YY Group Holding Limited is a technology-enabled platform providing workforce solutions and integrated facility management services, operating primarily in Asia and expanding globally [6][7]. - The company is committed to service excellence and operational innovation, aiming for long-term value creation for clients and shareholders [7].
YY Group Welcomes The Landmark Bangkok to Growing Hospitality Client Portfolio
Prnewswire· 2026-03-13 12:17
Core Insights - YY Group has signed a one-year manpower outsourcing contract with The Landmark Bangkok, enhancing its portfolio in the luxury hospitality sector in Thailand [1] - The company aims to establish Thailand as a significant contributor to its manpower revenue alongside its operations in Singapore, Hong Kong, and Malaysia [1] - The addition of The Landmark Bangkok strengthens YY Circle Thailand's client base and operational efficiency in the Bangkok metropolitan area [1] Company Strategy - YY Group is focused on expanding its presence in Thailand's premium hospitality workforce market, driven by rising international tourism and demand for flexible manpower solutions [1] - The company plans to pursue partnerships with leading hotel brands to scale its operations in Thailand and create long-term recurring revenue streams [1] - YY Circle Thailand's rapid growth since joining YY Group in June 2025 includes acquiring clients like Central Group, CP All, and Shangri-La [1] Leadership Commentary - The CEO of YY Group emphasized that winning The Landmark Bangkok is a significant step in the company's growth strategy in Thailand [1] - The Country Director of YY Circle Thailand highlighted the growing confidence of premier hospitality operators in their staffing model and service quality [1]
YY Group Holding Limited Issues Shareholder Letter
Globenewswire· 2026-03-10 12:00
Core Insights - YY Group Holding Limited has demonstrated significant growth in fiscal year 2025, with projected revenues between US$57 million and US$58 million, reflecting a year-over-year growth of approximately 38.7% to 41.1% [2] - The company has successfully expanded its geographic footprint and service offerings, particularly in key markets such as Hong Kong, Malaysia, and Thailand [3][5][6] - YY Group is focusing on technology integration, including robotics and AI, to enhance its service delivery and operational efficiency [8][9] Financial Performance - Estimated gross profit for fiscal year 2025 is projected to be between US$7.5 million and US$8.0 million, indicating an increase of approximately 42.6% to 52.1% from the previous year [2] - Gross margin is expected to improve to between 13.2% and 13.8%, compared to 12.8% in full year 2024 [2] - Total assets as of June 30, 2025, are approximately US$44.0 million, with net assets around US$24.9 million [13] Market Expansion - The acquisition of YY Circle Hong Kong has positioned the company to tap into a US$16 billion market, with projected revenue in Hong Kong expected to reach HKD 100 million in 2026, representing over 1,000% growth from 2025 [3][4] - In Malaysia, the company secured six new strategic deals, expanding its revenue pipeline to approximately US$13 million for 2025, and plans to grow its workforce significantly [5] - YY Group has entered the Thai market, targeting a US$5 billion casual labor market, enhancing its regional presence [6] Strategic Acquisitions - The acquisition of Uniforce Security and a stake in Transocean Oil Pte. Ltd. reflects the company's strategy to enhance its integrated facility management capabilities [7] - These acquisitions are aimed at deepening client relationships and diversifying the business model [7] Technological Advancements - YY Group launched a robotics integration initiative and expanded into AI-enabled operations, indicating a commitment to leveraging technology for service enhancement [8][10] - Partnerships with Keenon Robotics and Graymatics for AI-powered solutions further emphasize the company's focus on innovation [11] Leadership and Corporate Profile - The company has taken steps to enhance its corporate visibility, with recognition received by its Southeast Asia Director for service excellence [12] - YY Group is committed to responsible growth and long-term value creation for shareholders [15]
YY Group Announces Preliminary Fiscal Year 2025 Financial Highlights
Globenewswire· 2026-03-09 12:30
Core Insights - YY Group Holding Limited expects estimated revenue of US$57 million to US$58 million for the fiscal year 2025, reflecting a year-over-year growth of approximately 38.7% to 41.1% compared to US$41.1 million in 2024 [6] - The estimated gross profit is projected to be between US$7.5 million to US$8 million, indicating a growth of approximately 42.6% to 52.1% from the previous year's gross profit of US$5.26 million [6] - The gross margin is expected to range from 13.2% to 13.8%, an increase from the 12.8% gross margin in 2024 [6] Financial Performance - The company anticipates a significant year-over-year revenue increase of around 40%, driven by strong growth in both on-demand staffing and integrated facilities management (IFM) verticals, along with contributions from acquisitions made during the year [2] - Gross profit is expected to grow in line with or ahead of revenue, with stable to improving gross margins as scale efficiencies increase across the platform [2] - The full financial results for fiscal year 2025 are expected to be reported on or around March 31, 2026, based on unaudited management accounts [2] Company Overview - YY Group is a technology-enabled platform headquartered in Singapore, providing flexible and scalable workforce solutions and integrated facility management services across Asia and beyond [3][4] - The company operates through two core verticals: on-demand staffing and IFM, serving industries such as hospitality, logistics, retail, and healthcare [3] - YY Group leverages proprietary digital platforms and IoT-driven systems to help clients meet fluctuating labor demands and maintain high-performance environments [4]
Spartan Capital Securities, LLC Serves as Sales Agent in YY Group Holding Limited's $20 Million At-the-Market Offering
Globenewswire· 2026-03-06 21:12
Core Viewpoint - YY Group Holding Limited has entered into a sales agreement with Spartan Capital Securities for an at-the-market equity offering program, allowing the company to raise up to $20 million in gross proceeds [1][2]. Group 1: Company Overview - YY Group Holding Limited is a technology-enabled platform based in Singapore, providing flexible and scalable workforce solutions and integrated facilities management services across Asia and beyond [3][8]. - The company operates through two main verticals: on-demand staffing and integrated facilities management (IFM), serving industries such as hospitality, logistics, retail, and healthcare [8][9]. - YY Group leverages proprietary digital platforms and IoT-driven systems to help clients manage fluctuating labor demands and maintain high-performance environments [9]. Group 2: Financial Details - Under the sales agreement, YY Group may offer and sell Class A ordinary shares with aggregate gross proceeds of up to $20 million, providing flexible access to capital for strategic initiatives [2][3]. - A portion of the net proceeds from the offering is intended to satisfy outstanding debt obligations, while additional funds are expected to support business diversification initiatives, capital expenditures, and general corporate purposes [3]. Group 3: Strategic Support - Spartan Capital Securities aims to support YY Group's growth objectives through the at-the-market program, which is designed to provide flexibility in capital raising [4]. - Wilson-Davis & Co., Inc. is also serving as an additional sales agent for the offering [2].