Company Overview - Premium Catering (Holdings) Limited is a certified Halal food caterer specializing in Indian, Bangladesh, and Chinese cuisine with over 11 years of experience in the catering services industry in Singapore [3] - The company primarily supplies budget prepared meals to foreign construction workers in Singapore and operates food stalls, buffet catering services for private functions, and ancillary delivery services [3] - Since 2019, the company has introduced smart incubators for contactless meal delivery, which are custom-made heated and insulated food vending lockers [3] Share Consolidation Announcement - The company announced a share consolidation (Reverse Stock Split) approved by members at an Extraordinary General Meeting, with a ratio ranging from 1 for 2 to 1 for 18, and a final decision of 1:9 for all shareholders of record on July 21, 2025 [1][2] - The Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on the Nasdaq Capital Market starting July 22, 2025, under the existing ticker symbol "PC" [1] Compliance with Nasdaq Requirements - The Board of Directors believes that the Reverse Stock Split is necessary to maintain compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 for continued listing on the Nasdaq Capital Market [2] - The Board anticipates that the 1:9 Reverse Stock Split will facilitate compliance with these Minimum Bid Requirements [2]

Core Viewpoint - Premium Catering (Holdings) Limited has authorized a share repurchase program for up to $1.0 million of its Ordinary Shares, indicating the Board's belief that the share price may be undervalued relative to long-term opportunities [1][2]. Company Overview - Premium Catering (Holdings) Limited is a certified Halal food caterer specializing in Indian, Bangladeshi, and Chinese cuisine, with over 11 years of experience in the catering services industry in Singapore [4]. - The company primarily supplies budget prepared meals to foreign construction workers in Singapore and operates food stalls, buffet catering services for private functions, and ancillary delivery services [4]. - Since 2019, the company has introduced smart incubators for secure, hygienic, and contactless meal delivery at a pre-set temperature [4]. Share Repurchase Program Details - The repurchase program allows the company to buy back shares through various means, including open market purchases and privately negotiated transactions, in compliance with federal securities laws [3]. - The volume, timing, and manner of repurchases will be at the company's discretion, influenced by market conditions and other factors [3]. - The program does not obligate the company to repurchase a specific amount of stock and can be modified or discontinued at any time [3].

Core Viewpoint - Premium Catering (Holdings) Limited reported a significant decline in revenue and an increase in net loss for the six-month period ended December 31, 2024, compared to the same period in 2023, primarily due to reduced demand for budget prepared meals and increased operational costs [1][4][16]. Revenue - Total revenue decreased by approximately S$0.6 million or 21.1% to S$2.2 million for the six-month period ended December 31, 2024, down from S$2.8 million in 2023 [4][3]. - The decline in revenue was attributed to a S$0.3 million decrease in budget prepared meals and a S$0.3 million decrease from food stall operations, partially offset by a S$0.04 million increase in buffet catering services [4][5]. Cost of Revenue - Cost of revenue for the six-month period ended December 31, 2024, was approximately S$1.6 million, down from S$2.2 million in 2023, indicating a reduction in raw material and direct wage costs [6]. Gross Profit and Margin - Gross profit remained relatively stable at S$0.63 million for both periods, but the gross profit margin improved to approximately 28.3% in 2024 from 22.4% in 2023, despite increased raw material prices [8]. Operating Expenses - General and administrative expenses surged to approximately S$2.1 million in 2024 from S$1.0 million in 2023, primarily due to post-IPO costs, including consulting and advisory services [9][10]. - Total operating expenses increased significantly by 101.8% to S$2.1 million in 2024, compared to S$1.0 million in 2023 [3][9]. Net Loss - The net loss for the six-month period ended December 31, 2024, was approximately S$1.4 million, a substantial increase from S$0.5 million in 2023, reflecting the combined impact of reduced revenue and increased operating expenses [16]. Company Overview - Premium Catering (Holdings) Limited specializes in Halal food catering, primarily serving foreign construction workers in Singapore, and has over 11 years of experience in the industry [17]. - The company has diversified its services to include buffet catering and operates food stalls, adapting to changes in market demand post-COVID-19 [5][17].