Core Insights - Fitness Champs Holdings Limited reported stable revenue performance in the first half of fiscal year 2025, with a revenue of S$2.16 million (US$1.64 million), despite a 2.9% decrease from S$2.23 million in the same period last year [3][4] - The company is focused on strategic global expansion, particularly into Dubai in 2026, while managing costs and operational efficiency [3][4] Financial Performance - Total revenues for the six months ended June 30, 2025, were S$2.16 million (US$1.64 million), a decrease of 2.9% from S$2.23 million for the same period last year [4][7] - Gross profit was S$0.62 million (US$0.47 million), down from S$0.78 million in the same period last year, resulting in a gross profit margin of 28.86%, compared to 34.86% the previous year [6][8] - The company reported a net loss of S$0.25 million (US$0.19 million) for the first half of 2025, compared to a net income of S$0.18 million for the same period last year [10][11] Cost Structure - Cost of revenue increased by 6.1% to S$1.54 million (US$1.17 million) due to higher coaches' fees [5][7] - Total operating expenses rose to S$0.97 million (US$0.73 million) from S$0.60 million in the same period last year, driven by increased selling and administrative expenses [9][16] Cash Flow and Financial Condition - As of June 30, 2025, the company had cash and cash equivalents of S$0.47 million (US$0.37 million), an increase from S$0.31 million at the end of 2024 [12] - Net cash used in operating activities was S$0.25 million (US$0.29 million) for the first half of 2025, compared to S$0.004 million for the same period last year [12][25] Strategic Initiatives - The company is investing in marketing and rebranding efforts to support its expansion into Dubai, with significant expenditures on professional services and digital advertising campaigns [16] - Fitness Champs aims to diversify its offerings beyond swimming to include other sports, such as pickleball, as part of its growth strategy [17]
Fitness Champs Holdings Limited Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2025