Fitness Champs posts H1 net loss of S$3.38 million, citing higher legal and professional fees
I'm LongbridgeAI, I can summarize articles.Fitness Champs Holdings reported a H1 net loss of S$3.38 million, compared to a S$248,000 profit in the prior year. Revenue declined 5.4% to S$2.05 million due to lower swim fees and enrollment. Gross profit fell to S$446,000 as margins narrowed. The significant increase in general and administrative expenses was driven by S$2.18 million in legal and professional referral fees.
- Fitness Champs posted a net loss of about S$ 3.39 million for the six months ended June 30, 2026, versus S$ 248,000 a year earlier. * Revenue fell 5.4% to about S$ 2.05 million, driven by a 5.6% drop in swim fees tied to slightly lower enrollment. * Gross profit declined to about S$ 446,000 from S$ 624,000; margin narrowed to 21.8% from 28.9%. * Cost of revenue rose 4% to about S$ 1.6 million, reflecting Dubai startup coach salaries, partly offset by lower Singapore coach costs. * General and administrative expense surged to about S$ 3.59 million, led by S$ 2.18 million referral fee within legal and professional costs. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fitness Champs Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-040358), on August 27, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here