<ul><li>Kin Global is Singapore’s largest sports event management company and a curator of global sports events, with a strategic expansion into the larger events tourism industry in recent years. The group operates across two main business segments – Events Delivery &amp; Management Services, and Design &amp; Build Services.</li><li>For the nine months ended 30 Sep 2025, Kin Global reported strong revenue and net profit growth compared to the previous year. Revenue rose from S$7.97 million in 9M 2024 to S$56.46 million in 9M 2025 – due to strong momentum in its design and build services business segment after its strategic pivot in FY2024.</li><li>Kin Global is offering 24,930,000 invitation shares at S$0.23 per share, comprising 1,000,000 offer shares and 23,930,000 placement shares. It will raise gross proceeds of approximately S$10.14 million from the Invitation and the Cornerstone Tranche, which will be primarily used for potential acquisitions and investments.</li></ul> Founded in 2017, Kin Global is Singapore’s largest sports event management company and a curator of global sports events. It has successfully delivered over 500 projects with a focus on global and competitive sports tournaments – including major international sporting competitions, and has secured notable sponsorships and partnerships for high-profile events. Notably, Kin Global has successfully delivered a 4,800 person capacity arena to host the World Aquatics Championship Singapore 2025, which was constructed from scratch under 6 months from a public car park space.<img src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%201.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="703" height="683" original-src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%201.png"/>Since 2020, the group has strategically diversified its business beyond the sporting industry to a broad spectrum of experiential events, brand activations, and creative productions. The group’s business now comprises of two main segments – events delivery and management services, as well as design and build services – providing a comprehensive suite of services from conceptualization, planning, design, coordination, management and execution of major local and international events in Singapore. <img src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%202.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="695" height="153" original-src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%202.png"/>Competitive Strengths (Refer to Page 172 to 175 of the Final Offer Document for more information)Kin Global is:<ul><li>Singapore’s largest sports events management with a proven track record – and an estimated 17.3% share of the market in 2024, almost five times that of the next closest competitor.</li><li>One of the few Singapore players with end-to-end events delivery capabilities. This includes venue planning, games operations, players services, sports presentation, technical production, creative design and installation of overlays.</li><li>Led by an experienced management team with over 75 years of collective experience. The Group’s Executive Chairman, Mr. Ko Chee Wah, has more than 30 years of comprehensive experience that encompasses the MICE and events industry, themed attractions development, sports events delivery services. He was previously executive director and group managing director of Cityneon Holdings.</li><li>Strong financial growth backed by asset-light business model and a network of specialist vendors, subcontractors, and technical partners.</li></ul> Key Market Opportunities (Refer to Page 165 to 171 of the Final Offer Document for more information)<ul><li>Strong growth of Singapore’s sports events management industry driven by infrastructure expansion and diversified event offerings – with the 2029 SEA Games as a key catalyst. Revenues for the sports event management industry are expected to grow from US$109.8 million in 2025 to US$137.2 million by 2029.</li><li>Strong growth of Singapore’s wider events tourism industry across MICE, entertainment, sports, lifestyle, and experiential, and arts and culture pillars – with recent trends point to increasing demand for immersive and experience-driven content. </li></ul><img src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%203.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="504" height="334" original-src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%203.png"/>Business Strategies &amp; Future Plans (Refer to Page 40 to 41 of the Final Offer Document for more information) Kin Global plans to:<ul><li>Expand core capabilities in the events delivery and management services segment.<ul><li>By broadening service offerings beyond sports events management by moving up the value chain as a sports event promoter, organiser, and owner of sports-related intellectual property; and</li><li>Increasing tender participation and contract wins in Singapore and overseas.</li></ul></li><li>Strategically expand to capture high-growth opportunities in wider events tourism industry.<ul><li>By positioning as a key service provider with execution capabilities across MICE, entertainment, sports, lifestyle and experiential and arts and culture tourism pillars. </li></ul></li><li>Pursue mergers and acquisitions, investments, joint ventures, strategic alliances and/or partnerships to enhance capabilities and expand its offerings.<ul><li>Some opportunities that the group is exploring include, but are not limited to, companies in the MICE industry, show and event organisers within the entertainment industry, and content producers.</li></ul></li><li>Strengthen talent and management team to support expansion, as well as increasing marketing communications and enhancing visibility.  </li></ul>Key Risks (Refer to Page 48 to 76 of the Final Offer Document for more information)<ul><li>Kin Global’s business is generally project-based tied to customer needs, instead of being supported by multi-year recurring projects. Its revenue is dependent on wining competitive tenders or quotations or direct awards, which are influenced by factors such as pricing competitiveness, service quality, and strength of relationships with customers. Therefore, the group’s earnings might be uneven or lumpy depending on the timing and scale of projects completed in each financial period. </li><li>Kin Global’s business is significantly dependent on the continued services of its key management personnel comprising its Executive Directors and Executive Officers, including their ability to leverage personal and historical working relationships with customers to secure future projects, as well as their ability to apply creative and event management expertise critical to the commercial success and reception of its projects.</li><li>Kin Global is reliant on third-party subcontractors and suppliers for both its events delivery and management services business and its design and build services business and may be affected by disruptions in supply from such subcontractors and suppliers.  </li></ul>Financials &amp; Valuation<ul><li>Kin Global’s operations are mainly in Singapore, which contributes to more than 80% of its total revenue since FY2022. The group also provided services to customers in the United Kingdom, Ireland, Denmark, and other countries.</li><li>For the nine months ended 30 Sep 2025, Kin Global posted strong growth in revenue and net profit attributable to owners of the company as compared to the previous year. Despite higher cost of sales weighing on gross profit margin, net profit margin rose from 5.55% in 9M 2024 to 7.06% in 9M 2025.<ul><li>Revenue was more than seven times (+608.4%) the level achieved in the previous year, rising from S$7.97 million in 9M 2024 to S$56.46 million in 9M 2025 – due to strong momentum in its design and build services business segment after its strategic pivot in FY2024.</li><li>However, as design and build projects typically carry tighter margins, gross profit margin declined from 33.9% in 9M 2024 to 16.3% in 9M 2025.</li><li>Nevertheless, net profit attributable to owners of the company increased by more than eight times (+801.4%) from S$0.44 million in 9M 2024 to S$3.98 million in 9M 2025.</li></ul></li><li>Based on the Invitation Price of S$0.23 and unaudited EPS For T12M 2025, Kin Global would have a price-to-earnings ratio of 8.7 times, based on the post-Invitation and post-Cornerstone Tranche share capital.</li></ul><img src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%204.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="753" height="458" original-src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%204.png"/><img src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%205.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="740" height="229" original-src="https://imageproxy.pbkrs.com/https://api2.sgx.com/sites/default/files/2026-04/kin%20debuts%20pic%205.png"/>Dividend PolicyKin Global does not have a fixed dividend policy. However, the Board intends to recommend dividends of not less than 20% of NPAT attributable to the Shareholders in FY2025 (excluding the interim dividend declared by Kin Productions of S$2.00 million and by Kin D+B of S$0.31 million in respect of FY2025), and not less than 30% of NPAT attributable to the Shareholders in FY2026.  IPO Details<ul><li>Offer price at S$0.23 per invitation share.</li><li>24,930,000 invitation shares offered, comprising of 1,000,000 offer shares and 23,930,000 placement shares.</li><li>It will raise gross proceeds of approximately S$10.14 million, with estimated net proceeds of approximately S$8.28 million from the Invitation and the Cornerstone Tranche. Excluding Vendor Shares, the net proceeds due to the company would be around S$7.37 million.</li><li>Kin Global will use its IPO proceeds primarily for a) strategic expansion through potential acquisitions and investments (72%); and b) for working capital to support bids for larger and more contracts (8%).</li><li>Estimated IPO market capitalization at S$44.85 million.</li><li>Cornerstone Investors <ul><li>Amova Asset Management Asia Limited</li><li>Apricot Capital Pte. Ltd.</li><li>Asdew Acquisitions Pte. Ltd.</li><li>Ginko-AGT Alpha Fund VCC (acting for Ginko-AGT Global Growth Fund)</li><li>ICHAM Master Fund VCC (acting for Ploutos Fund III)</li><li>Qilin Wealth Fund Pte. Ltd.</li><li>Mr. Rudolf Jurgen August Rolles </li></ul></li></ul> Did you know?In April 2026, the group acquired a 7.5% equity stake in IMBA, an operator of large-scale immersive attractions in Singapore that feature digital light projects and physical exhibits to create experiential journeys. IMBA Theatre is located within Gardens by the Bay.  Enjoying this read?<ul><li>Subscribe now to our SGX My Gateway newsletter for a compilation of latest market news, sector performances, new product release updates, and research reports on SGX-listed companies.</li></ul>

Kin Global Limited, Singapore's largest sports event management company, has debuted on the SGX. The company reported significant revenue growth, rising from S$7.97 million in 9M 2024 to S$56.46 million in 9M 2025, driven by its design and build services. Kin Global is offering 24,930,000 shares at S$0.23 each, aiming to raise approximately S$10.14 million for acquisitions and investments. The firm plans to expand its capabilities and explore opportunities in the wider events tourism industry, while also pursuing strategic partnerships and acquisitions.

Kin Global Limited – Singapore’s largest sports event management company – Debuts on SGX