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Fitness Champs restates H1 results after S$40k expense reclassification and split adjustments
FCHLFitness Champs Holdings Ltd
Fitness Champs Holdings Limited filed an amendment to its Form 6-K to correct errors in the unaudited interim financial statements for the six months ended June 30, 2026. The restatement primarily involves a S$40,000 reclassification of operating expenses from general and administrative to selling and distribution categories, alongside corrections to U.S. dollar convenience translations and share capital presentation following two reverse stock splits in early 2026. While total net loss and operating expenses remain unchanged at approximately S$3.38 million and S$3.88 million respectively, the company adjusted basic and diluted loss per Class A ordinary share from US$(2.83) to US$(4.99). The firm operates in the sports education industry, providing swimming lessons and fitness programs primarily through government contracts and private memberships in Singapore and Dubai.