Fitness Champs Holdings Limited Reports Unaudited Financial Results for the First Six Months of Fiscal Year 2025

SINGAPORE, Dec. 29, 2025 (GLOBE NEWSWIRE) -- Fitness Champs Holdings Limited (“Fitness Champs” or the “Company”) (Nasdaq: FCHL), a distinguished aquatic sports education provider in Singapore, today announced its unaudited financial results for the six months ended June 30, 2025.

First Six Months of Fiscal Year 2025 Financial Summary

Ms. Joyce Lee, Chief Executive Officer and Executive Director of Fitness Champs, commented, “During the first half of fiscal year 2025, we delivered stable revenue performance while making deliberate investments to support our next phase of growth. We continued to see resilient demand for our core swimming programs, recording a revenue of S$2.16 million and securing a solid gross profit margin of 28.86% despite rising labor costs. In addition, we are on track with our strategic global expansion, allocating capital to strengthen our organizational capabilities, enhance brand positioning, and lay the groundwork for our planned international expansion into Dubai in 2026. At the same time, we remain focused on disciplined cost management and operational efficiency to navigate near-term margin pressures stemming from higher coaches’ compensation and strategic marketing initiatives. With a strengthened balance sheet following recent financing activities, we believe we are well positioned to execute our expansion strategy while continuing to deliver high-quality aquatic education services in Singapore. Looking ahead, we believe in our long-term growth prospects and are committed to creating sustainable value for our students, partners, and shareholders.”

First Six Months of Fiscal Year 2025 Unaudited Financial Results

Revenues

Total revenues were S$2.16 million (US$1.64 million) for the six months ended June 30, 2025, a decrease of 2.9% from S$2.23 million for the same period last year. The decline was primarily attributable to a 2.9% decrease in swim fees, which fell from approximately $2.22 million in the prior-year period to approximately $2.16 million in the current period. The reduction in swim fees was mainly due to lower enrollment levels during the period.

Cost of Revenue

Cost of revenue was S$1.54 million (US$1.17 million) for the six months ended June 30, 2025, an increase of 6.1% from S$1.45 million for the same period last year. The increase was primarily attributable to the revision of coaches’ fees effective January 1, 2025, which resulted in higher compensation costs when compared to the prior-year period. Our cost of revenue mainly comprises coaches’ fees (including salaries and benefits), entrance fees, merchandise costs, and assessment fees associated with the swim lessons delivered during the period.

Gross Profit

Gross profit was S$0.62 million (US$0.47 million) for the six months ended June 30, 2025, compared to S$0.78 million for the same period last year.

Gross profit margin was 28.86% for the six months ended June 30, 2025, compared to 34.86% for the same period last year.

Operating Expenses

Total operating expenses were S$0.97 million (US$0.73) for the six months ended June 30, 2025, compared to S$0.60 million for the same period last year.

Net Income (Loss)

Net loss was S$0.25 million (US$0.19 million) for the six months ended June 30, 2025, compared to net income of S$0.18 million for the same period last year, which is primarily attributed to the lower Revenues and higher Operating Expenses.

Basic and Diluted Income (Loss) per Share

Basic and diluted loss per share was S$0.0165 (US$0.0129) for the six months ended June 30, 2025, compared to basic and diluted income per share of S$183,000 for the same period last year.

Financial Condition

As of June 30, 2025, the Company had cash and cash equivalents of S$0.47 million (US$0.37 million), compared to S$0.31 million as of December 31, 2024.

Net cash used in operating activities was S$0.25 million (US$0.29 million) for the six months ended June 30, 2025, compared to S$0.004 million for the same period last year.

Net cash used in investing activities was S$0.03 million (US$0.02 million) for the six months ended June 30, 2025, compared to S$0.05 million for the same period last year.

Net cash provided by financing activities was S$0.44 million (US$0.50 million) for the six months ended June 30, 2025, compared to net cash used in financing activities of S$0.32 million for the same period last year.

Exchange Rate Information

This announcement contains translations of certain Singapore dollar amounts into U.S. dollars for the convenience of the reader. Translations of amounts from Singapore dollars into U.S. dollars have been made at the exchange rate of S$1.2758 = US$1.00, as set forth in the statistical release of the Federal Reserve System on June 30, 2025.

About Fitness Champs Holdings Limited

Fitness Champs Holdings Limited is a distinguished aquatic sports education provider, offering general swimming lessons to children and adults, with ladies-only swimming lessons available, as well as aquatic sports classes such as water polo, competitive swimming and lifesaving. We are one of the largest providers of swimming lessons to children enrolled in public schools under the Ministry of Education of Singapore in Singapore through the SwimSafer program, and has been offering private swimming lessons to children, youths and adults under our brand “Fitness Champs” since 2012. We seek to make swimming an enjoyable and affordable sport for children and adults, for water safety and as a way of keeping fit and healthy. Fitness Champs also plans to grow into a diversified sports education provider by expanding its offerings to include other sports such as pickleball. For more information, please visit the Company’s website at https://ir.fitnesschamps.sg/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission (“SEC”).

For investor and media inquiries, please contact:

Fitness Champs Holdings Limited

Email: ir@fitnesschampsaquatics.com

Ascent Investor Relations LLC

Tina Xiao
Phone: +1 646-932-7242
Email: investors@ascent-ir.com

FITNESS CHAMPS HOLDINGS LTD AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED BALANCE SHEETS

FITNESS CHAMPS HOLDINGS LTD AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

FITNESS CHAMPS HOLDINGS LTD AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)

FITNESS CHAMPS HOLDINGS LTD AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS

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