Exhibit 99.1
| Premium Catering (Holdings) Limited | ||||||||||||
| As of | As of | As of | ||||||||||
| June 30, 2025 | December 31, 2025 | December 31, 2025 | ||||||||||
| S$ | S$ | US$ | ||||||||||
| (Unaudited) | (Unaudited) | |||||||||||
| (Note 3(d)) | ||||||||||||
| ASSETS | ||||||||||||
| Current assets: | ||||||||||||
| Cash and cash equivalents | 1,937,987 | 971,863 | 755,373 | |||||||||
| Accounts receivable, net | 358,361 | 107,817 | 83,800 | |||||||||
| Amount due from related parties | 28,195 | - | 0 | |||||||||
| Inventories | 24,414 | 62,693 | 48,727 | |||||||||
| Deposits, prepayments and other receivables | 9,150,388 | 9,154,662 | 7,115,391 | |||||||||
| Total current assets | 11,499,345 | 10,297,035 | 8,003,291 | |||||||||
| Non-current assets: | ||||||||||||
| Property and equipment, net | 102,560 | 373,665 | 290,429 | |||||||||
| Operating lease right-of-use assets | 677,711 | 677,711 | 526,746 | |||||||||
| Deferred offering cost | - | - | - | |||||||||
| Total non-current assets | 780,271 | 1,051,376 | 817,174 | |||||||||
| TOTAL ASSETS | 12,279,616 | 11,348,411 | 8,820,465 | |||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||
| Current liabilities: | ||||||||||||
| Accounts payables, accruals, and other current | 746,192 | 585,058 | 454,732 | |||||||||
| liabilities | ||||||||||||
| Amount due to related parties | 39,553 | 223,636 | 173,819 | |||||||||
| Amount due to a shareholder | 47,134 | - | ||||||||||
| Bank borrowings | 314,559 | - | 0 | |||||||||
| Lease liabilities | 20,628 | - | 0 | |||||||||
| Operating lease payable | 260,241 | 260,241 | 202,270 | |||||||||
| Income tax payable | - | - | ||||||||||
| Total current liabilities | 1,428,307 | 1,068,935 | 830,821 | |||||||||
| Non-current liabilities: | ||||||||||||
| Bank borrowings | 8,858 | 63,216 | 49,134 | |||||||||
| Lease liabilities | - | - | 0 | |||||||||
| Operating lease payable | 418,004 | 418,004 | 324,890 | |||||||||
| Total non-current liabilities | 426,862 | 481,220 | 374,025 | |||||||||
| TOTAL LIABILITIES | 1,855,169 | 1,550,155 | 1,204,846 | |||||||||
| Commitments and contingencies | - | - | - | |||||||||
| Shareholders’ equity | ||||||||||||
| Class A ordinary shares, US$0.0000005 par value, 900,000,000,000 shares authorized, 18,652,750 shares issued and outstanding* | 13 | |||||||||||
| Class B ordinary shares, US$0.0000005 par value, 100,000,000,000 shares authorized, 10,547,250 shares issued and outstanding* | 7 | |||||||||||
| Additional paid-in capital | 17,910,416 | 17,965,779 | 13,963,764 | |||||||||
| Accumulated deficits | -7,485,989 | -8,167,522 | -6,348,144 | |||||||||
| Total shareholders’ equity | 10,424,447 | 9,798,257 | 7,615,620 | |||||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 12,279,616 | 11,348,412 | 8,820,466 | |||||||||
| Premium Catering (Holdings) Limited | ||||||||||||
| For the six-month period ended December 31, | ||||||||||||
| 2024 | 2025 | 2025 | ||||||||||
| S$ | S$ | US$ | ||||||||||
| (Unaudited) | (Unaudited) | (Unaudited) | ||||||||||
| (Note 3(d)) | ||||||||||||
| Revenues, net | 2,232,003 | 2,055,246 | 1,597,424 | |||||||||
| Cost of revenues | (1,599,911 | ) | (1,466,269 | ) | (1,139,646 | ) | ||||||
| Gross profit | 632,092 | 588,977 | 457,778 | |||||||||
| Operating expenses: | ||||||||||||
| Selling and distribution | (4,727 | ) | (1,591 | ) | (1,236 | ) | ||||||
| General and administrative | (2,070,530 | ) | (1,061,789 | ) | (825,267 | ) | ||||||
| Total operating expenses | (2,075,257 | ) | (1,063,380 | ) | (826,504 | ) | ||||||
| Loss from operations | (1,443,165 | ) | (52,336 | ) | (52,336 | ) | ||||||
| Other income (expense): | ||||||||||||
| Interest expense | (56,934 | ) | (8,260 | ) | (41,674 | ) | ||||||
| Government grants | 5,284 | 7,477 | 3,867 | |||||||||
| Other income | 89,953 | 46,100 | 65,842 | |||||||||
| Total other (expense)/income, net | 38,303 | 45,317 | 28,035 | |||||||||
| Loss before income taxes | (1,404,862 | ) | (429,085 | ) | (1,028,299 | ) | ||||||
| Income tax expense | - | - | - | |||||||||
| NET LOSS/COMPREHENSIVE LOSS | (1,404,862 | ) | (429,085 | ) | (1,028,299 | ) | ||||||
| Net loss per share attributable to shareholders | ||||||||||||
| Basic and diluted* | (0.06 | ) | (0.0004 | ) | (0.05 | ) | ||||||
| Weighted average number of Shares outstanding | ||||||||||||
| Basic and diluted* | 21,650,000 | 21,650,000 | 21,650,000 | |||||||||