$FCHL

Fitness Champs Holdings Ltd

CIK:0002023796|SEC Filings

Consolidated Statements of Income and Comprehensive Income
$ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2025

USD ($)

$ / shares

Dec. 31, 2025

SGD ($)

$ / shares

Dec. 31, 2024

SGD ($)

$ / shares

Dec. 31, 2023

SGD ($)

$ / shares

Income Statement [Abstract]

Revenues

$ 3,232

$ 4,150

$ 4,216

$ 4,650

Cost of revenue

(2,348)

(3,015)

(2,694)

(2,660)

Gross profit

884

1,135

1,522

1,990

Operating expenses:

Selling and distribution

(260)

(333)

(173)

(25)

General and administrative

(1,771)

(2,274)

(1,303)

(759)

Total operating expenses

(2,031)

(2,607)

(1,476)

(784)

Profit/(Loss) from operations

(1,147)

(1,472)

1,206

Other income (expense):

Interest income

Interest expense

(15)

(19)

(25)

(22)

Government grants

114

Rental income

Total other income, net

111

125

Income/(Loss) before income tax

(1,060)

(1,361)

171

1,235

Income tax (expense) benefit

(3)

(4)

(117)

NET INCOME/(LOSS)

(1,063)

(1,365)

172

1,118

Items that may be reclassified subsequently to profit or loss:

Foreign currency translation adjustment

(6)

(7)

TOTAL COMPREHENSIVE INCOME

$ (1,069)

$ (1,372)

$ 172

$ 1,118

Earnings/(Loss) per ordinary share

Basic | (per share)

$ (110.34)

$ (141.69)

$ 20.98

$ 1,118

Diluted | (per share)

$ (110.34)

$ (141.69)

$ 20.98

$ 1,118

Weighted average number of ordinary shares

Basic

^[1]

9,634

8,197

Diluted

^[1]

9,634

8,197

[1]

Retrospectively presented for the effect of (i) the issuance of 1 ordinary share on February 15, 2024 in preparation of the Company’s initial public offering, (ii) the 1:200 share subdivision and 5,000,000 share surrender approved on October 2, 2024, (iii) the 15 for 1 reverse share split effected on February 12, 2026, and (iv) the 30 for 1 reverse share split effected on May 4, 2026.

Consolidated Statements of Cash Flows $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2025 SGD ($)	Dec. 31, 2024 SGD ($)	Dec. 31, 2023 SGD ($)
Cash flows from operating activities:
Net income	$ (1,063)	$ (1,365)	$ 172	$ 1,118
Depreciation and amortization	78	101	84	31
Interest expense	14	18	22	22
Interest on lease liability	1	1	3
Interest income	(3)	(4)	(6)	(3)
Change in working capital:
Accounts receivable			1	(1)
Deposits, prepayments and other receivables	951	1,304	(85)	(127)
Accounts payable and accrued liabilities	466	555	77	203
Income tax payable	3	4	(186)	53
Net cash provided by (used in) operating activities	447	614	82	1,296
Cash flows from investing activities:
Deposits, prepayments and other receivables	3	4	6	3
Purchase of property and equipment	(1)	(1)	(33)	(611)
Purchase of intangible asset	(24)	(31)	(59)
Net cash provided by (used in) investing activities	(22)	(28)	(86)	(608)
Cash flows from financing activities:
Proceeds of bank borrowings				420
Dividends paid			(300)
Repayment of Director's loan	(1,278)	(1,641)	(125)	(670)
Proceeds from borrowings from director	568	730	1,254
Payment of transaction cost in connection to the issuance of shares			(1,154)
Repayment of bank borrowings	(27)	(62)	(112)	(105)
Interest paid	(14)	(18)	(22)	(22)
Principal payment of lease liabilities	(27)	(37)	(35)
Payment of interest on lease liabilities	(1)	(1)	(3)
Proceeds from issuance of shares	1,656	2,126
Net cash used in financing activities	877	1,097	(497)	(377)
Effect of Exchange Rate Changes on Cash	(17)	(7)
Net change in cash and cash equivalents	1,302	1,683	(501)	311
BEGINNING OF YEAR	230	314	815	504
END OF YEAR	1,549	1,990	314	815
Supplemental Cash Flow Information:
Cash paid for income tax			(185)	(65)
Cash paid for interest	(15)	(19)	(25)	(22)
Supplemental Disclosure of Non-Cash Financing Activities:
Payment of dividends				(1,236)
Repayment of amount due from director				$ 1,236

Consolidated Balance Sheets
$ in Thousands

Dec. 31, 2025

USD ($)

Dec. 31, 2025

SGD ($)

Dec. 31, 2024

SGD ($)

Current assets:

Cash and cash equivalents

$ 1,549

$ 1,990,000

$ 314,000

Accounts receivable

Deposits, prepayments and other receivables

67,000

1,371,000

Total current assets

1,601

2,057,000

1,685,000

Non-current assets:

Property and equipment, net

418

537,000

584,000

Intangible assets

73,000

58,000

Right-of-use asset

37,000

Total non-current assets

475

610,000

679,000

TOTAL ASSETS

2,076

2,667,000

2,364,000

Current liabilities:

Accounts payable and accrued liabilities

992

1,274,000

719,000

Bank borrowings

10,000

62,000

Lease liabilities

37,000

Amount due to director

218,000

1,129,000

Income tax payable

8,000

4,000

Total current liabilities

1,176

1,510,000

1,951,000

Non-current liabilities:

Bank borrowings

302

388,000

398,000

Lease liabilities

Total non-current liabilities

302

388,000

398,000

TOTAL LIABILITIES

1,478

1,898,000

2,349,000

Commitments and contingencies

Shareholders’ equity:

Ordinary share, par value US$0.00225, 222,222,222.22 shares authorized, 37,777.78 shares issues and outstanding

^[1]

(0)

^[2]

Additional paid-in capital

1,664

2,137,000

11,000

Retained earnings/(Accumulated losses)

(1,060)

(1,361,000)

4,000

Translation reserve

(6)

(7,000)

Total shareholders’ equity

598

769,000

15,000

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

2,076

2,667,000

2,364,000

Director [Member]

Current liabilities:

Amount due to director

$ 170

$ 218,000

$ 1,129,000

[1]	Retrospectively presented for the effect of (i) the issuance of 1 ordinary share on February 15, 2024 in preparation of the Company’s initial public offering, (ii) the 1:200 share subdivision and 5,000,000 share surrender approved on October 2, 2024, (iii) the 15 for 1 reverse share split effected on February 12, 2026, and (iv) the 30 for 1 reverse share split effected on May 4, 2026.
[2]	Below $$1,000/US$1,000