Recent Updates — FCHL

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.

Fitness Champs Holdings Limited reported unaudited financial results for the six months ended June 30, 2026. Revenues decreased 5.4% to S$2.05 million (US$1.58 million), driven by a 5.6% decline in swim fees due to lower enrollment levels. The company incurred a net loss of S$3.39 million (US$2.62 million) compared to a S$0.25 million loss in the prior-year period, primarily attributable to a S$2.18 million referral fee included in general and administrative expenses and increased marketing costs for its Dubai subsidiary operations commenced in January 2026. Gross profit margin contracted to 21.8% from 28.9%. The company raised approximately S$5.38 million through the issuance of share capital, which helped increase cash and cash equivalents to S$3.13 million by period-end. Fitness Champs Holdings Limited operates in the sports education industry, providing swimming lessons and related services.

Fitness Champs Holdings Limited shareholders approved a significant increase in authorized share capital from US$500,000 to US$23,000,000 during an extraordinary general meeting on June 29, 2026. The resolutions also granted the Board of Directors discretion to implement one or more share consolidations within one year, with a ratio ranging from 2:1 to 500:1. The company also adopted amended and restated memorandum and articles of association to reflect these changes. Fitness Champs Holdings Limited is a fitness and wellness company.