Exhibit 99.1
CYTOMED THERAPEUTICS LIMITED AND ITS SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
INDEX
| 1 |
CYTOMED THERAPEUTICS LIMITED AND ITS SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE LOSS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026
| Unaudited six months ended June 30, | ||||||||||||||||
| Notes | 2025 | 2026 | 2026 | |||||||||||||
| S$ | S$ | US$ | ||||||||||||||
| Revenue | 5 | 155,887 | 157,289 | 121,543 | ||||||||||||
| Other operating income | 6 | 385,779 | 254,719 | 196,831 | ||||||||||||
| Lab consumables and private blood banking expenses | (18,631 | ) | (28,768 | ) | (22,230 | ) | ||||||||||
| Other (losses)/gains including fair value changes on financial instruments - net | 7 | (272,848 | ) | 10,263 | 7,931 | |||||||||||
| Research expenses | 8 | (1,162,467 | ) | (1,095,558 | ) | (846,579 | ) | |||||||||
| Amortization of intangible assets | (14,369 | ) | (14,082 | ) | (10,882 | ) | ||||||||||
| Depreciation of property, plant and equipment | (80,279 | ) | (127,811 | ) | (98,764 | ) | ||||||||||
| Employee benefits expenses | 9 | (386,091 | ) | (362,319 | ) | (279,978 | ) | |||||||||
| Finance expenses | 10 | (10,310 | ) | (10,139 | ) | (7,835 | ) | |||||||||
| Other expenses | 11 | (831,898 | ) | (577,740 | ) | (446,441 | ) | |||||||||
| Share of result of associate | (10,601 | ) | - | - | ||||||||||||
| Loss before income tax | (2,245,828 | ) | (1,794,146 | ) | (1,386,404 | ) | ||||||||||
| Income tax expense | - | - | - | |||||||||||||
| Loss for the period | (2,245,828 | ) | (1,794,146 | ) | (1,386,404 | ) | ||||||||||
| Other comprehensive (loss)/profit: | ||||||||||||||||
| Exchange differences arising from translation of foreign operation | (23,435 | ) | 16,724 | 12,923 | ||||||||||||
| Total comprehensive loss for the period | (2,269,263 | ) | (1,777,422 | ) | (1,373,481 | ) | ||||||||||
| Loss attributable to: | ||||||||||||||||
| Equity holders of the Company | (2,243,760 | ) | (1,770,452 | ) | (1,368,095 | ) | ||||||||||
| Non-controlling interest | (2,068 | ) | (23,694 | ) | (18,309 | ) | ||||||||||
| Total | (2,245,828 | ) | (1,794,146 | ) | (1,386,404 | ) | ||||||||||
| Total comprehensive loss attributable to: | ||||||||||||||||
| Equity holders of the Company | (2,267,195 | ) | (1,753,728 | ) | (1,355,172 | ) | ||||||||||
| Non-controlling interest | (2,068 | ) | (23,694 | ) | (18,309 | ) | ||||||||||
| Total | (2,269,263 | ) | (1,777,422 | ) | (1,373,481 | ) | ||||||||||
| Loss per share for loss attributable to equity holders of the Company | ||||||||||||||||
| -Basic and diluted | (0.19 | ) | (0.15 | ) | (0.12 | ) | ||||||||||
| Unaudited six months ended June 30, | ||||||||
| 2025 | 2026 | |||||||
| Weighted average number of ordinary shares used in computing basis and diluted loss | 11,540,000 | 11,880,430 | ||||||
The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.
| 2 |
CYTOMED THERAPEUTICS LIMITED AND ITS SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITIONS AS OF DECEMBER 31, 2025 AND JUNE 30, 2026
| Audited | Unaudited | Unaudited | ||||||||||||||
| Notes | December 31, 2025 | June 30, 2026 | June 30, 2026 | |||||||||||||
| S$ | S$ | US$ | ||||||||||||||
| ASSETS | ||||||||||||||||
| Current assets | ||||||||||||||||
| Trade and other receivables | 12 | 1,567,486 | 1,777,318 | 1,373,401 | ||||||||||||
| Cash and bank balances | 13 | 2,095,489 | 1,458,764 | 1,127,242 | ||||||||||||
| Total current assets | 3,662,975 | 3,236,082 | 2,500,643 | |||||||||||||
| Non-current assets | ||||||||||||||||
| Property, plant and equipment | 14 | 3,691,592 | 3,648,852 | 2,819,606 | ||||||||||||
| Intangible assets | 15 | 124,894 | 104,396 | 80,671 | ||||||||||||
| Financial assets, at FVOCI | 16 | 18,210 | 18,210 | 14,072 | ||||||||||||
| Trade and other receivables | 12 | 487,282 | 7,553 | 5,836 | ||||||||||||
| Total non-current assets | 4,321,978 | 3,779,011 | 2,920,185 | |||||||||||||
| Total assets | 7,984,953 | 7,015,093 | 5,420,828 | |||||||||||||
| LIABILITIES AND EQUITY | ||||||||||||||||
| Current liabilities | ||||||||||||||||
| Trade and other payables | 17 | 443,867 | 1,032,730 | 798,030 | ||||||||||||
| Contract liabilities | 18 | 179,793 | 108,214 | 83,621 | ||||||||||||
| Warrant liabilities | 19 | 25,064 | 20,698 | 15,994 | ||||||||||||
| Bank borrowings | 20 | 40,847 | 41,845 | 32,335 | ||||||||||||
| Lease liabilities | 20 | 19,598 | 20,574 | 15,898 | ||||||||||||
| Total current liabilities | 709,169 | 1,224,061 | 945,878 | |||||||||||||
| Non-current liabilities | ||||||||||||||||
| Bank borrowings | 20 | 368,656 | 348,607 | 269,382 | ||||||||||||
| Lease liabilities | 20 | 53,461 | 43,108 | 33,311 | ||||||||||||
| Total non-current liabilities | 422,117 | 391,715 | 302,693 | |||||||||||||
| Total liabilities | 1,131,286 | 1,615,776 | 1,248,571 | |||||||||||||
| Capital and reserves | ||||||||||||||||
| Share capital | 21 | 24,656,909 | 24,791,206 | 19,157,102 | ||||||||||||
| Capital reserve | 22 | 526,631 | 685,566 | 529,763 | ||||||||||||
| Share-based payment reserve | 23 | 111,225 | - | - | ||||||||||||
| Translation reserve | 78,273 | 94,997 | 73,408 | |||||||||||||
| Accumulated losses | (18,828,592 | ) | (20,599,044 | ) | (15,917,660 | ) | ||||||||||
| Attributable to equity holders of the Company | 6,544,446 | 4,972,725 | 3,842,613 | |||||||||||||
| Non-controlling interests | 309,221 | 426,592 | 329,644 | |||||||||||||
| Total equity | 6,853,667 | 5,399,317 | 4,172,257 | |||||||||||||
| Total liabilities and equity | 7,984,953 | 7,015,093 | 5,420,828 | |||||||||||||
The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.
| 3 |
CYTOMED THERAPEUTICS LIMITED AND ITS SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2025 AND 2026
| Unaudited six months ended June 30, | ||||||||||||||||
| Notes | 2025 | 2026 | 2026 | |||||||||||||
| S$ | S$ | US$ | ||||||||||||||
| Operating activities | ||||||||||||||||
| Loss before income tax | (2,245,828 | ) | (1,794,146 | ) | (1,386,404 | ) | ||||||||||
| Adjustments for: | ||||||||||||||||
| Amortization of intangible assets | 14,690 | 20,931 | 16,174 | |||||||||||||
| Depreciation of property, plant and equipment | 164,769 | 215,835 | 166,784 | |||||||||||||
| Loss on disposal of property, plant and equipment | 243 | 250 | 193 | |||||||||||||
| Fair value changes on warrant liabilities | 76,323 | (4,366 | ) | (3,374 | ) | |||||||||||
| Written off of intangible asset | 5,350 | - | - | |||||||||||||
| Share of results of associate | 10,601 | - | - | |||||||||||||
| Share-based payment | 23 | 448,327 | 14,935 | 11,541 | ||||||||||||
| Interest expense | 10 | 10,310 | 10,139 | 7,835 | ||||||||||||
| Interest income | (85,794 | ) | (9,550 | ) | (7,380 | ) | ||||||||||
| Unrealized currency translation losses | 175,743 | 5,852 | 4,522 | |||||||||||||
| Operating cash flows before movement in working capital | (1,425,266 | ) | (1,540,120 | ) | (1,190,109 | ) | ||||||||||
| Trade and other receivables | (182,122 | ) | 68,756 | 53,130 | ||||||||||||
| Contract liabilities | (28,443 | ) | (71,579 | ) | (55,312 | ) | ||||||||||
| Trade and other payables | 36,667 | (110,737 | ) | (85,570 | ) | |||||||||||
| Cash used in operations | (1,599,164 | ) | (1,653,680 | ) | (1,277,861 | ) | ||||||||||
| Interest received | - | 7,941 | 6,136 | |||||||||||||
| Net cash used in operating activities | (1,599,164 | ) | (1,645,739 | ) | (1,271,725 | ) | ||||||||||
| Investing activities | ||||||||||||||||
| Purchase of property, plant and equipment | 14 | (347,797 | ) | (186,459 | ) | (144,084 | ) | |||||||||
| Fixed deposits with maturity over 3 months | 273,320 | - | - | |||||||||||||
| Loan to a third party - net | - | 200,000 | 154,548 | |||||||||||||
| Investment at fair value through other comprehensive income | (18,210 | ) | - | - | ||||||||||||
| Proceeds from disposal of property, plant and equipment | 61 | 28,798 | 22,253 | |||||||||||||
| Interest received | 70,061 | 2,750 | 2,125 | |||||||||||||
| Net cash (used in)/generated from investing activities | (22,565 | ) | 45,089 | 34,842 | ||||||||||||
| Financing activities | ||||||||||||||||
| Proceeds from issuance of ordinary shares | - | 5,256 | 4,062 | |||||||||||||
| Proceeds from loan from a director | - | 699,600 | 540,607 | |||||||||||||
| Proceeds from issuance of ordinary shares by a subsidiary to non-controlling interests | - | 300,000 | 231,821 | |||||||||||||
| Principal payment of bank borrowing | (18,694 | ) | (21,222 | ) | (16,399 | ) | ||||||||||
| Principal payment of lease liabilities | (5,866 | ) | (9,831 | ) | (7,597 | ) | ||||||||||
| Interest paid | 10 | (10,310 | ) | (10,139 | ) | (7,835 | ) | |||||||||
| Net cash (used in)/generated from financing activities | (34,870 | ) | 963,664 | 744,659 | ||||||||||||
| Net change in cash and cash equivalents | (1,656,599 | ) | (636,986 | ) | (492,224 | ) | ||||||||||
| Cash and cash equivalents at beginning of financial period | 4,697,047 | 2,095,489 | 1,619,264 | |||||||||||||
| Effects of currency translation on cash and cash equivalents | (185,490 | ) | 261 | 202 | ||||||||||||
| Cash and cash equivalents at end of financial period | 13 | 2,854,958 | 1,458,764 | 1,127,242 | ||||||||||||
The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements.
| 4 |
CYTOMED THERAPEUTICS LIMITED AND SUBSIDIARIES
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR SIX MONTHS ENDED JUNE 30, 2025 AND 2026
| Attributable to equity holders of the Company | ||||||||||||||||||||||||||||||||
| Share-based | Non- | |||||||||||||||||||||||||||||||
| Share | Capital | payment | Translation | Accumulated | controlling | Total | ||||||||||||||||||||||||||
| capital | reserve | reserve | reserve | losses | Total | interests | equity | |||||||||||||||||||||||||
| S$ | S$ | S$ | S$ | S$ | S$ | S$ | S$ | |||||||||||||||||||||||||
| Balance as at January 1, 2025 | 23,793,950 | 73,982 | - | (53,757 | ) | (14,848,135 | ) | 8,966,040 | 77,749 | 9,043,789 | ||||||||||||||||||||||
| Total comprehensive loss for the period | - | - | - | (23,435 | ) | (2,243,760 | ) | (2,267,195 | ) | (2,068 | ) | (2,269,263 | ) | |||||||||||||||||||
| Transactions with owners of the Company recognized directly in equity | ||||||||||||||||||||||||||||||||
| Share-based payment | - | - | 447,680 | - | - | 447,680 | - | 447,680 | ||||||||||||||||||||||||
| Total transactions with owners of the Company | - | - | 447,680 | - | - | 447,680 | - | 447,680 | ||||||||||||||||||||||||
| Unaudited balance as at June 30, 2025 | 23,793,950 | 73,982 | 447,680 | (77,192 | ) | (17,091,895 | ) | 7,146,525 | 75,681 | 7,222,206 | ||||||||||||||||||||||
| Attributable to equity holders of the Company | ||||||||||||||||||||||||||||||||
Share-based | Non- | |||||||||||||||||||||||||||||||
| Share | Capital | payment | Translation | Accumulated | controlling | Total | ||||||||||||||||||||||||||
| capital | reserve | reserve | reserve | losses | Total | interests | equity | |||||||||||||||||||||||||
| S$ | S$ | S$ | S$ | S$ | S$ | S$ | S$ | |||||||||||||||||||||||||
| Balance as at January 1, 2026 | 24,656,909 | 526,631 | 111,225 | 78,273 | (18,828,592 | ) | 6,544,446 | 309,221 | 6,853,667 | |||||||||||||||||||||||
| Total comprehensive loss for the period | - | - | - | 16,724 | (1,770,452 | ) | (1,753,728 | ) | (23,694 | ) | (1,777,422 | ) | ||||||||||||||||||||
| Transactions with owners of the Company recognized directly in equity | ||||||||||||||||||||||||||||||||
| Issuance of shares | 5,256 | - | - | - | - | 5,256 | - | 5,256 | ||||||||||||||||||||||||
| Effect of dilution of ownership interests in subsidiaries | - | 158,935 | - | - | - | 158,935 | 141,065 | 300,000 | ||||||||||||||||||||||||
| Share-based payment | 129,041 | - | (111,225 | ) | - | - | 17,816 | - | 17,816 | |||||||||||||||||||||||
| Total transactions with owners of the Company | 134,297 | 158,935 | (111,225 | ) | - | - | 182,007 | 141,065 | 323,072 | |||||||||||||||||||||||
| Unaudited balance as at June 30, 2026 | 24,791,206 | 685,566 | - | 94,997 | (20,599,044 | ) | 4,972,725 | 426,592 | 5,399,317 | |||||||||||||||||||||||
| Unaudited balance as at June 30, 2026 (US$) | 19,157,102 | 529,763 | - | 73,408 | (15,917,660 | ) | 3,842,613 | 329,644 | 4,172,257 | |||||||||||||||||||||||
The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements
| 5 |
CYTOMED THERAPEUTICS LIMITED AND SUBSIDIARIES
Notes to the Unaudited Interim Condensed Consolidated Financial Statements
Note 1 General Information
These unaudited interim condensed consolidated financial statements are the unaudited interim financial statements of CytoMed Therapeutics Limited (the “Company”) and its subsidiaries (the “Group”), for the six months ended June 30, 2026 (the “Financial Statements”).
The Company was incorporated in the Republic of Singapore on March 9, 2018. The Company is a public limited company incorporated and domiciled in Singapore with registered office situated at 1 Commonwealth Lane, #08-22, Singapore 149544. The Company is headquartered in Singapore and conducts its operations domestically and in Malaysia. The Company is listed on the Nasdaq Stock Exchange under the ticker symbol “GDTC” on April 14, 2023.
The principal activities of the Company are to carry on the business of innate immune cell-based immunotherapy, pluripotent stem cell-based therapy and undertaking the research and development of immune cell and stem cell-based therapy. The Company operates primarily through its wholly owned subsidiary, CytoMed Therapeutics (Malaysia) Sdn. Bhd., which is incorporated and domiciled in Malaysia. This subsidiary focuses on manufacturing innate immune cell-based immunotherapy and pluripotent stem cell-based therapy, providing consultancy services, and conducting research and development in immune cell and stem cell-based therapies to advance cellular immunotherapy for cancer treatment. Additionally, the Company is involved in cord blood banking and cord blood-derived cell therapy through its indirect subsidiary, IPSC Depository Sdn. Bhd.
The principal activities of the subsidiaries of the Company are as follows:
Schedule of principal activities of subsidiaries
| Name of entity | Principal activities | Country of business / incorporation | Group’s effective equity interest held | |||||||||
| December 31, | June 30, | |||||||||||
| 2025 | 2026 | |||||||||||
| % | % | |||||||||||
| CytoMed Therapeutics (Malaysia) Sdn. Bhd. | Research, development and manufacturing of stem cells and innate immune cell-based immune-therapeutics, research and development of induced pluripotent stem cell-based immune-therapeutics | Malaysia | 100 | 100 | ||||||||
CytoMed International Pte. Ltd. (Formerly known as Advance Cancer Centre Pte. Ltd.) | Investment, research and development of medical technologies | Singapore | 100 | 100 | ||||||||
| LongevityBank Pte. Ltd. | Stem cell and immune cell banking | Singapore | 77+ | 72 | ||||||||
| Held by LongevityBank Pte. Ltd. | ||||||||||||
| IPSC Depository Sdn. Bhd. | Processing and banking of cells including cord blood stem cells, research and development on cord blood derived cell-based therapy | Malaysia | 77+ | 72 | ||||||||
| Puricell Lab Pte. Ltd. | Research and development of induced pluripotent stem cell-based biologics and medical technologies | Singapore | 73+ | 68+ | ||||||||
| + | Rounded to the nearest whole % |
On August 22, 2025, the Company transferred its entire equity interest in Puricell Lab Pte Ltd (“Puricell Lab”) to its subsidiary, LongevityBank Pte Ltd (“LongevityBank”) for a nominal cash consideration of S$1. As a result, the effective equity interest held in Puricell Lab diluted from 95% to 86%.
On December 26, 2025, the Company injected additional capital to its subsidiary, CytoMed Therapeutics (Malaysia) Sdn. Bhd. (“CytoMed Malaysia”) amounting approximately MYR7.5 million. As a result of this capital injection, the effective equity interest held in CytoMed Malaysia remains at 100%.
On December 12, 2025, LongevityBank issued and allotted 140,000 ordinary shares amounting to S$700,000 to a third party and a related party. As a result of this capital injection, the effective equity interest held in LongevityBank diluted from 90% to 77% whereas effective equity interest held in Puricell Lab further diluted from 86% to 73%.
On June 24, 2026, LongevityBank issued and allotted 60,000 ordinary shares amounting to S$300,000 to a related party. As a result of this capital injection, the effective equity interest held in LongevityBank diluted from 77% to 72% whereas effective equity interest held in Puricell Lab further diluted from 73% to 68%.
These activities do not result in loss of control which are accounted for as transactions with owners in their capacity as owners. The carrying amounts of the controlling and non-controlling interests are adjusted to reflect the changes in their relative ownership. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to the owners of the parent.
| 6 |
Note 2 Summary of significant accounting policies
| 2.1 | Basis of preparation |
The unaudited condensed interim consolidated financial statements for the six-month ended June 30, 2026 have been prepared in accordance with IAS 34 Interim Financial Reporting.
The unaudited interim consolidated financial statements do not include all the information and footnotes required by the International Financial Reporting Standards (“IFRS”) for complete financial statements. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with the IFRS have been condensed or omitted consistent with Article 10 of Regulation S-X. In the opinion of the Company’s management, the unaudited interim consolidated financial statements have been prepared on the same basis as the audited financial statements and include all adjustments, in normal recurring nature, as necessary for the fair statements of the Company’s financial positions as of June 30, 2026, and results of operations and cash flows for the six-month period ended June 30, 2026. The unaudited interim condensed consolidated statements of financial positions as of December 31, 2025 has been derived from the audited financial statements at that date but does not include all the information and footnotes required by the IFRS. Interim results of operations are not necessarily indicative of the results expected for the full fiscal year or for any future period. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the years ended December 31, 2025, 2024 and 2023, and related notes included in the Company’s audited consolidated financial statements.
| 2.2 | Adoption of new and amended standards and interpretations |
The accounting policies adopted are consistent with those of the previous financial year except that in the current financial year, the Group has adopted all the new and amended standards which are relevant to the Group and are effective for annual financial period beginning on January 1, 2026. The adoption of these standards did not have any material effect on the unaudited interim condensed consolidated financial statements of the Group.
| 2.3 | New standards, amendments and interpretations issued but not yet effective |
There are a number of standards, amendments to standards, and interpretations, which have been issued by the International Accounting Standards Board, that are effective in future accounting periods and the Group has not decided to early adopt. Unless otherwise disclosed, the Group is currently evaluating the potential impact of adopting these standards on its consolidated financial statements and related disclosures in the year of initial application.
| 2.4 | Convenience translation |
All translations from Singapore dollars to US dollars and from US dollars to Singapore dollars in this Report are made at a rate of S$1.2941 to US$1.00, the exchange rate in effect as of June 30, 2026 as set forth in the H.10 statistical release of the US Board of Governors of the Federal Reserve System.
| 2.5 | Going concern assumptions |
Prudent liquidity risk management implies sufficient cash to finance the Group’s and the Company’s operations and development activities. The Group manages the liquidity risk by maintaining a level of cash and cash equivalents deemed adequate to finance the Group’s business operations and development activities. The Group’s objective is to maintain a balance between continuing of funding and flexibility through the use of borrowings.
As of June 30, 2026, the Group has negative cash flow from operating activities of S$1,645,739. The Group’s working capital was S$2,012,021. As of June 30, 2026, the Group had S$1,458,764 in cash and bank balances, which is unrestricted as to withdrawal and use as of June 30, 2026. In view of these circumstances, the management of the Group has given consideration to the future liquidity and performance of the Group and its available sources of finance in assessing whether the Group will have sufficient financial resources to continue as a going concern, at least, for the next twelve months from the date of this report.
| 7 |
Note 3 Significant accounting judgements and estimates
The preparation of the unaudited condensed interim consolidated financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the disclosure of contingent liabilities at the end of each reporting period. However, uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the carrying amount of the asset or liability affected in the future periods.
The significant judgements made by management in applying the Group’s accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements as of and for the year ended December 31, 2025.
Note 4 Segment information
The Group has identified two operating segments i.e. (i). the business of innate immune cell-based immunotherapy, pluripotent stem cell-based therapy and undertaking the research and development of immune cell and stem cell-based therapy as well as (ii) the business of processing and banking of cells including cord blood stem cells, research and development on cord blood derived cell-based therapy.
Note 5 Revenue
The Group’s revenues are primarily derived from the provision of cord blood and cells storage services (“private blood banking services”). The Company derives revenue from transfer of services over time or at a point in time in the following major type of services.
Disaggregation of revenue from contracts with customers
Schedule of disaggregation of revenue from contracts with customers
Unaudited June 30, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Over time | ||||||||
| Revenue from private blood banking services | 130,280 | 150,788 | ||||||
| At a point in time | ||||||||
| Revenue from processing, retrieval and enrollment of private blood banking services | 25,607 | 6,501 | ||||||
| Total | 155,887 | 157,289 | ||||||
Note 6 Other operating income
Schedule of other operating income
Unaudited June 30, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Grant income | 2,862 | 8,848 | ||||||
| Research income | 294,799 | 221,590 | ||||||
| Interest income | 85,794 | 9,550 | ||||||
| Rental income | - | 10,610 | ||||||
| Others | 2,324 | 4,121 | ||||||
| Total | 385,779 | 254,719 | ||||||
Note 7 Other losses/(gains) including fair value changes on financial instruments - net
Schedule of other (losses)/gains - net
Unaudited June 30, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Fair value loss/(gain) on warrant liabilities (Note 19) | 76,323 | (4,366 | ) | |||||
| Loss on disposal of property plant and equipment | 243 | 250 | ||||||
| Written off of intangible asset | 5,350 | - | ||||||
| Net currency exchange loss/(gain) | 190,932 | (6,147 | ) | |||||
| Total | 272,848 | (10,263 | ) | |||||
The Group measures the warrant liabilities at fair value using Black-Scholes option pricing model.
| 8 |
Note 8 Research expenses
Schedule of research expenses
Unaudited June 30, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Employee benefits expense (Note 9) | 423,613 | 455,709 | ||||||
| Depreciation of property, plant and equipment | 84,490 | 88,024 | ||||||
| Amortization of intangible assets | 321 | 6,849 | ||||||
| Laboratory consumables | 144,597 | 128,987 | ||||||
| Facility-related expenses | 81,138 | 60,500 | ||||||
| Clinical trial expenses | 283,559 | 310,842 | ||||||
| Pre-clinical trial expenses | 62,068 | - | ||||||
| Professional expenses | 7,970 | 5,742 | ||||||
| Royalty expenses | 9,951 | 5,707 | ||||||
| Utilities | 34,734 | 30,080 | ||||||
| Others | 30,026 | 3,118 | ||||||
| Total | 1,162,467 | 1,095,558 | ||||||
Research expenses include research personnel costs, depreciation of research equipment and laboratory consumables for research activities.
Note 9 Employee benefits expenses
Schedule of employee benefits expenses
Unaudited June 30, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Salaries and bonuses | 563,674 | 607,841 | ||||||
| Directors’ fee | 42,477 | 39,094 | ||||||
| Employer’s contribution to defined contribution plans | 85,423 | 92,808 | ||||||
| Share-based payments (Note 23) | 86,941 | 43,592 | ||||||
| Other short-term benefits | 31,189 | 34,693 | ||||||
| Total | 809,704 | 818,028 | ||||||
| Less: Classified as “Research expenses” (Note 8) | (423,613 | ) | (455,709 | ) | ||||
| Total | 386,091 | 362,319 | ||||||
Employee benefits are recognized as an expense, unless the cost qualifies to be capitalized as a development expenditure.
Note 10 Finance expenses
Schedule of finance expenses
Unaudited June 30, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Bank borrowings | 9,439 | 8,589 | ||||||
| Lease liabilities | 871 | 1,550 | ||||||
| Total | 10,310 | 10,139 | ||||||
Finance expenses arising from bank borrowings and leases liabilities are presented as financing activities in the Unaudited Interim Condensed Consolidated Statements of Cash Flows.
| 9 |
Note 11 Other expenses
Schedule of other expenses
Unaudited June 30, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Advertising | 11,621 | 23,287 | ||||||
| Annual listing fee | 47,261 | 46,821 | ||||||
| Cleaning fee | 3,255 | 3,567 | ||||||
| Entertainment | 1,404 | 231 | ||||||
| Delivery/freight charges | 8,401 | 3,845 | ||||||
| Information technology expenses | 13,410 | 12,721 | ||||||
| Investor relations expenses | 40,697 | 218,948 | ||||||
| Professional fees | 195,517 | 155,146 | ||||||
| Property tax | 4,941 | 4,627 | ||||||
| Printing and stationery | 18,017 | 8,974 | ||||||
| Legal fees | 61,548 | 46,030 | ||||||
| Lease of low-value assets | 2,680 | 3,187 | ||||||
| Repairs and maintenance | 7,151 | 18,554 | ||||||
| Service fee | 28,570 | 30,961 | ||||||
| Share-based payment (Note 23) | 361,386 | (28,657 | ) | |||||
| Subscription fee | 818 | 753 | ||||||
| Transportation and travelling | 10,757 | 9,917 | ||||||
| Tools and supplies | 1,114 | 1,433 | ||||||
| Utilities | 7,139 | 9,093 | ||||||
| Others | 6,211 | 8,302 | ||||||
| Total | 831,898 | 577,740 | ||||||
Note 12 Trade and other receivables
Schedule of trade and other receivables
Audited December 31, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Current | ||||||||
| Trade receivables | 103,859 | 49,629 | ||||||
| Other receivables | 21,808 | 329,378 | ||||||
| Interest receivables | 1,141 | 171 | ||||||
| Sundry deposits | 29,134 | 29,265 | ||||||
| Prepaid consumables | 1,067,502 | 1,043,356 | ||||||
| Prepayments | 338,796 | 319,545 | ||||||
| Goods and services tax receivable | 5,246 | 5,974 | ||||||
| Total trade and other receivables current | 1,567,486 | 1,777,318 | ||||||
| Non-current | ||||||||
| Other receivable | 487,282 | 7,553 | ||||||
| Total trade and other receivables | 2,054,768 | 1,784,871 | ||||||
The current other receivables of S$329,378 include a S$272,249 loan to a third party (“Third Party Loan”) with a maturity tenure of 3 years and collectible by the end of 3-year (December 31, 2025: 3-year) tenure which bears interest rate of 5.0% (December 31, 2025: 5.0%) per annum to carry out an investigator initiated trial in People’s Republic of China. As the Third Party Loan is scheduled to mature and become collectible within twelve months from the interim reporting date, it has been classified as a current asset.
The remaining commitments and details of the said investigator initiated trial have been disclosed in the Note 25 to these unaudited interim condensed consolidated financial statements.
Note 13 Cash and bank balances
For the purpose of the consolidated statements of cash flows, cash and cash equivalents comprise the following:
Schedule of cash and cash equivalents
Audited December 31, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Cash at banks and on hand | 1,215,806 | 1,258,764 | ||||||
| Short-term fixed deposits | 879,683 | 200,000 | ||||||
| Cash and cash equivalents on unaudited interim condensed consolidated statements of cash flows | 2,095,489 | 1,458,764 | ||||||
| 10 |
Note 14 Property, plant and equipment
The Group acquired property, plant and equipment, excluding right-of-use assets, amounting to approximately S$156,329 as of June 30, 2026 (December 31, 2025: S$337,850) and there was negligible disposal of assets as of June 30, 2026 and December 31, 2025. The acquisition is mainly due to the purchase of lab equipment for private blood banking business. As of June 30, 2026, bank borrowing is secured by a freehold land and a building of the Group with the carrying amount of S$964,170 (December 31, 2025: S$964,845).
Property, plant and equipment is tested for impairment when there is any objective evidence or indication that these assets may be impaired. Impairment exists when the carrying value of an asset or cash-generating-units (“CGU”) exceeds its recoverable amount. The recoverable amount of property, plant and equipment has been determined based on higher of the fair value less costs to sell or value-in use (“VIU”) calculations. If the carrying amount exceed the recoverable amount, an impairment is recognized to profit or loss for the differences.
Property, plant and equipment mainly consist of freehold land, building, and laboratory equipment. Management has assessed that there were no objective evidence or indication that the carrying amount of the Group’s property, plant and equipment may not be recoverable as at the end of reporting date. Accordingly, impairment assessment is not required.
Note 15 Intangible assets
Schedule of intangible assets
Audited December 31, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Goodwill | 355 | 355 | ||||||
| Intellectual properties licenses | 1,284 | 963 | ||||||
| Acquired customer relationship | 47,855 | 45,410 | ||||||
| Acquired private blood bank license | 11,204 | - | ||||||
| Acquired technical disclosure | 64,196 | 57,668 | ||||||
| Total | 124,894 | 104,396 | ||||||
Note 16 Financial assets, at FVOCI
The investment represents an equity investment in an entity in Malaysia engaged in the provision of general medical clinic services. The management considers and assesses that adjusted cost represents an appropriate estimate of fair value for the unquoted equity investment as at the reporting date. The investment is not quoted in an active market and therefore does not have an observable market price. It was acquired during the financial year ended December 31, 2025, and the investee operates with minimal revenue generation and limited operating history. In view of its unaudited financials, there have been no significant changes in the investee’s financial position, performance, or external market conditions since acquisition, and no recent observable transactions for the shares exist.
Based on the procedures performed and information available at the interim reporting date, management is not aware of any events or changes in circumstances that would indicate that the fair value of the investment differs materially from its adjusted acquisition cost. Accordingly, the adjusted acquisition cost is considered to represent a reasonable estimate of fair value as at the interim reporting date. Consistent with the requirements of IAS 34, interim measurements are based on information available as at the reporting date and may be updated as additional information becomes available. Management will continue to monitor the performance and financial position of the investee and will perform a comprehensive reassessment of the fair value of the investment as part of the annual financial reporting process.
The fair valuation methodology is considered at Level 3 fair value hierarchy as these inputs are unobservable inputs for the financial asset.
| 11 |
Note 17 Trade and other payables
Schedule of trade and other payables
Audited December 31, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Trade payables | 124,742 | 25,079 | ||||||
| Other payables - third parties | 61,077 | 78,279 | ||||||
| Loan from a director | - | 699,600 | ||||||
| Accrued operating expenses | 252,379 | 225,174 | ||||||
| Deposit received | - | 2,099 | ||||||
| Deferred income | 3,014 | - | ||||||
| Sales and services tax payable | 2,655 | 2,499 | ||||||
| Total | 443,867 | 1,032,730 | ||||||
Trade payables are unsecured, non-interest bearing and normally settled within 60 (2025: 60) days’ terms.
Other payables including loan from a director were unsecured, non-interest bearing, and repayable on demand. The loan from a director was to support the Group’s short-term working capital and operational funding requirements.
Note 18 Contract liabilities
| (a) | Contract balances |
Schedule of contract liabilities
Audited December 31, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Contract liabilities | 179,793 | 108,214 | ||||||
A contract liability is recognized if a payment is received or a payment is due (whichever is earlier) from a customer before the Group transfers the related goods or services mainly derived from the private blood banking business. Contract liabilities are recognized as revenue when the Group performs under the contract (i.e., transfers control of the related goods or services to the customer.
These liabilities are reported as contract liabilities on a contract by contract basis at the end of each reporting period. Significant changes in the contract liabilities balances during the financial year was mainly arriving from the increases due to cash received, excluding amounts recognized as revenue during the financial year.
| (b) | Unsatisfied performance obligations |
Management expects that the approximate transaction price allocated to unsatisfied performance obligations as at the end of the reporting periods may be recognized as revenue in the next reporting periods as follows:
Schedule of unsatisfied performance obligations
| Unaudited | Unaudited | Unaudited | ||||||||||
| More
than 1 year but less than 5 years | More
than 5 years but less than 10 years | More
than 10 years | ||||||||||
| S$ | S$ | S$ | ||||||||||
| Partially and fully unsatisfied performance obligations as at: | ||||||||||||
| June 30, 2025 | 335,000 | 219,000 | 23,000 | |||||||||
| June 30, 2026 | 1,049,000 | 776,000 | 162,000 | |||||||||
The management is not disclosing the transaction price allocated to unsatisfied (or partially unsatisfied) performance obligations as at the reporting date that may be recognized as revenue in the next 12 months as permitted under the IFRS 15 due to the aggregated transaction price allocated to the period of these unsatisfied contracts was one year or less, or are billed based on time incurred. These amounts do not include variable consideration, which is subject to significant risk of reversal.
| 12 |
Note 19 Warrant liabilities
Schedule of warrant liabilities
| Number of warrants | Audited December 31, 2025 | Unaudited June 30, 2026 | ||||||||||
| S$ | S$ | |||||||||||
| At beginning of financial year and financial period | 72,371 | 11,945 | 25,064 | |||||||||
| Fair value changes to profit or loss | - | 13,119 | (4,366 | ) | ||||||||
| Currency realignment | - | - | - | |||||||||
| At end of financial year and financial period | 72,371 | 25,064 | 20,698 | |||||||||
On April 13, 2023, the Company entered into underwriting agreements (the “Underwriting Agreements”) with various third parties as representative of the several underwriters (the “Representative”), relating to the Initial Public Offering (“Offering”) of 2,412,369 shares of the Company’s ordinary shares, with no par value, at an Offering price of US$4.00 per share. Pursuant to the Underwriting Agreements, the Company agreed to issue 120,618 warrants (the “Representative’s Warrants”) to the Representative to purchase the Company’s ordinary shares, representing five percent (5%) of the shares sold in the Offering, excluding the over-allotment option, at an exercise price of US$4.00, which is equal to 100% of the Offering price. The Representative’s Warrants can be exercised on a cashless basis by the holder into a variable number of shares based on the volume weighted average observable price of the Company’s ordinary shares at the time of exercise. The Representative’s Warrants may be exercised beginning on October 11, 2023 until April 14, 2028 and will expire in five (5) years from the date of the issuance. As of June 30, 2026, 48,247 Representative’s Warrants had been exercised.
The outstanding Representative’s Warrants are recognized as a warrant liability as of June 30, 2026 and are measured at fair value at their inception date and subsequently remeasured using Black-Scholes option pricing model at each reporting period with changes being recorded in the statement of profit or loss.
The Representative’s Warrants are considered at Level 2 fair value hierarchy. The fair value of the warrants was determined by using Black-Scholes option pricing model using the key assumptions as follows:
Schedule of fair value of warrants
| As at December 31, 2025 (Audited) | ||||
| Expected volatility | 79.28 | % | ||
| Risk-free interest rate | 4.15 | % | ||
| Expected term (years) | 2.3 | |||
| Exercise price | US$4.00 | |||
| Spot price | US$1.34 | |||
| Fair value of warrant/unit | US$0.27 | |||
| As at June 30, 2026 (Unaudited) | ||||
| Expected volatility | 102.49 | % | ||
| Risk-free interest rate | 4.42 | % | ||
| Expected term (years) | 1.8 | |||
| Exercise price | US$4.00 | |||
| Spot price | US$1.03 | |||
| Fair value of warrant/unit | US$0.22 | |||
Note 20 Borrowings
Schedule of borrowings
Audited December 31, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Borrowings | ||||||||
| Current | ||||||||
| Bank borrowings | 40,847 | 41,845 | ||||||
| Lease liabilities | 19,598 | 20,574 | ||||||
| Borrowings current | 60,445 | 62,419 | ||||||
| Non-current | ||||||||
| Bank borrowings | 368,656 | 348,607 | ||||||
| Lease liabilities | 53,461 | 43,108 | ||||||
| Borrowings, non-current | 422,117 | 391,715 | ||||||
| Total | 482,562 | 454,134 | ||||||
| 13 |
Note 21 Share capital
Schedule of share capital
| Number of | ||||||||
| Ordinary shares | Amount | |||||||
| S$ | ||||||||
| December 31, 2025 (Audited) | ||||||||
| Beginning of the financial year | 11,540,000 | 23,793,950 | ||||||
| Issuance of ordinary shares | 288,435 | 283,094 | ||||||
| Capitalization of share-based payment reserve | - | 579,865 | ||||||
| End of the financial year | 11,828,435 | 24,656,909 | ||||||
| June 30, 2026 (Unaudited) | ||||||||
| Beginning of the financial period | 11,828,435 | 24,656,909 | ||||||
| Issuance of ordinary shares | 4,400 | 5,256 | ||||||
| Capitalization of share-based payment reserve | 102,073 | 129,041 | ||||||
| End of the financial period | 11,934,908 | 24,791,206 | ||||||
On July 1, 2025, the Company issued 130,431 ordinary shares pursuant to the 2023 Equity Incentive Plan with an aggregate value of S$397,003.
On July 1, 2025, the Company issued 63,281 ordinary shares in recognition of the contributions made by its affiliates to the development and growth of the Group’s business with an aggregate value of S$182,862.
During the financial year ended December 31, 2025, the Company issued and sold 94,723 ordinary shares pursuant to its At-the-Market (“ATM”) offering program for aggregate gross proceeds of S$300,512. Offering expenses of S$17,418 directly attributable to the issuance of the new shares were deducted from equity.
On January 14, 2026 the Company issued and sold 4,400 ordinary shares pursuant to its At-the-Market (“ATM”) offering program for aggregate gross proceeds of S$7,843. Offering expenses of S$2,587 directly attributable to the issuance of the new shares were deducted from equity.
On April 6, 2026, the Company issued 38,790 ordinary shares pursuant to the 2023 Equity Incentive Plan with an aggregate value of S$49,038.
On April 6, 2026, the Company issued 63,283 ordinary shares in recognition of the contributions made by its affiliates to the development and growth of the Group’s business with an aggregate value of S$80,003.
Note 22 Capital reserve
Capital reserve constitutes changes in ownership interests in subsidiaries that do not result in a loss of control that are accounted for as equity transactions. Any difference between the amount by which the non-controlling interests is adjusted and the fair value of the consideration paid or received is recognized directly in equity as capital reserve and attributed to the owner of the Company. The carrying amounts of the controlling interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries.
| 14 |
Note 23 Share-based payment reserve
Share-based payment reserve
On April 18, 2023, the Directors of the Company approved the CytoMed Therapeutics Limited 2023 Equity Incentive Plan (subsequently amended and restated as “2023 Equity Incentive Plan”). The securities registered hereby consist of 1,279,117 ordinary shares of no par value of the Company (the “Ordinary Shares”), which represent the number of Ordinary Shares that were authorized under the 2023 Equity Incentive Plan. Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this is also covers an indeterminate number of additional shares which may be offered and issued to prevent dilution from share splits, share dividends or similar transactions as provided in the 2023 Equity Incentive Plan. Any Ordinary Shares covered by an award granted under the 2023 Equity Incentive Plan (or portion of an award) that terminates, expires, lapses or repurchased for any reason will be deemed not to have been issued for purposes of determining the maximum aggregate number of Ordinary Shares that may be issued under the 2023 Equity Incentive Plan.
On April 6, 2026, the Company granted a total of 38,790 (December 31, 2025: 130,431) ordinary shares to its employees and advisors (“Qualified Person”). The Company recognizes share based payment reserve based on the cumulative value of services received from the Qualified Person of the Company recorded over the vesting period commencing from the grant date of equity compensation plan awards (i.e. 2023 Equity Incentive Plan), and is increase by the expiry of the equity compensation plan awards. The fair values of the equity compensation plan awards were determined by reference to the grant date fair value and recognized over the vesting period.
Share-based payment reserve arising from granting of ordinary shares to employees and advisors represents the difference between the market price and the settlement price on ordinary shares which were transferred from the Company, to employees and advisors of Group as a reward for their services with the Group.
Schedule of share-based payment reserve
Audited December 31, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| At beginning of financial year and financial period | - | 111,225 | ||||||
| Share-based payment to advisors (Note 11) | 384,952 | (28,657 | ) | |||||
| Share-based payment to employees (Note 9) | 309,248 | 43,592 | ||||||
| Currency realignment | (3,110 | ) | 2,881 | |||||
| Share issued and capitalised in the year | (579,865 | ) | (129,041 | ) | ||||
| At end of financial year and financial period | 111,225 | - | ||||||
For equity-settled share-based payment transactions, the fair value of the services received is recognized as an expense with a corresponding increase in equity over the vesting period during which the employees and advisors become unconditionally entitled to the equity instrument. The fair value of the services received is determined by reference to the fair value of the equity instrument granted at the grant date. At each reporting date, the number of equity instruments that are expected to be vested are estimated. The impact on the revision of original estimates is recognized as an expense and as a corresponding adjustment to equity over the remaining vesting period, unless the revision to original estimates is due to market conditions. No adjustment is made if the revision or actual outcome differs from the original estimate due to market conditions. The Group recognizes the effect of modification that increase the total fair value of the share-based payment arrangement. The incremental fair value granted is included in the measurement of the amount recognized for services received over the period from modification date until the date when the modified equity-settled share-based payments transactions vest. During the period, the Group recognized the share-based payment to reflect the revision of the original estimates in accordance with IFRS 2 Share-based Payment.
| 15 |
Note 24 Segment information
Operating segments are identified on the basis of internal reports about components of the Group that are regularly reviewed by the Chairman for the purpose of resource allocation and performance assessment. Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis.
The Company operates in two business segments:
| 1. | The business of innate immune cell-based immunotherapy, pluripotent stem cell-based therapy and undertaking the research and development of immune cell and stem cell-based therapy. |
| 2. | The business of collecting, harvesting, processing, cryopreserving and banking of cells including cord blood stem cells in general; and to carry out research and development on cord blood derived cell-based therapy. |
Geographical segment
Non-current assets (excluding investment in associate) information based on the location of assets are as follows:
Schedule of geographical information in non-current assets
Audited December 31, 2025 | Unaudited June 30, 2026 | |||||||
| S$ | S$ | |||||||
| Malaysia | 3,272,486 | 3,279,368 | ||||||
| Singapore | 1,049,492 | 499,643 | ||||||
| Total | 4,321,978 | 3,779,011 | ||||||
Non-current assets information presented above consist of property, plant and equipment, intangible assets and other receivable as presented in the consolidated statement of financial position.
Business segment
Schedule of business segment
| Unaudited
Jun 30,2025 | Unaudited
Jun 30,2025 | Unaudited
Jun 30,2025 | Unaudited
Jun 30,2026 | Unaudited
Jun 30,2026 | Unaudited
Jun 30,2026 | |||||||||||||||||||
| S$ | S$ | S$ | S$ | S$ | S$ | |||||||||||||||||||
| Immune cell | CBU service & | Immune cell | CBU service & | |||||||||||||||||||||
| therapy | related therapy | Consolidated | therapy | related therapy | Consolidated | |||||||||||||||||||
| Revenue | - | 155,887 | 155,887 | - | 157,289 | 157,289 | ||||||||||||||||||
| Lab consumables and private blood banking expenses | - | (18,631 | ) | (18,631 | ) | - | (28,768 | ) | (28,768 | ) | ||||||||||||||
| Operating results | (2,230,755 | ) | (15,073 | ) | (2,245,828 | ) | (1,693,293 | ) | (100,853 | ) | (1,794,146 | ) | ||||||||||||
| Non-current assets | 3,266,514 | 1,007,405 | 4,273,919 | 2,516,849 | 1,262,162 | 3,779,011 | ||||||||||||||||||
| Total assets | 7,126,696 | 1,230,371 | 8,357,067 | 4,926,291 | 2,088,802 | 7,015,093 | ||||||||||||||||||
| Non-current liabilities | 372,502 | 59,267 | 431,769 | 348,607 | 43,108 | 391,715 | ||||||||||||||||||
| Total liabilities | 986,010 | 148,851 | 1,134,861 | 1,417,438 | 198,338 | 1,615,776 | ||||||||||||||||||
| Equity | 6,444,025 | 778,181 | 7,222,206 | 3,856,396 | 1,542,921 | 5,399,317 | ||||||||||||||||||
| 16 |
Note 25 Capital and other commitments
The following table summarizes the Group’s capital commitments as of June 30, 2026:
Schedule of capital commitment
| Payment Due by Period (Unaudited) | ||||||||||||||||||||
| Total | Less
than 1 year | Between
1 and 2 years | Between
2 and 5 years | Over
5 years | ||||||||||||||||
| S$ | S$ | S$ | S$ | S$ | ||||||||||||||||
| Commitment: | ||||||||||||||||||||
| Minimum royalty commitments (1) | 126,233 | 10,900 | 10,900 | 32,700 | 71,733 | |||||||||||||||
| Loan commitment (2) | 500,000 | 500,000 | - | - | - | |||||||||||||||
| (1) | Relating to the minimum royalty payments under the licensing agreements. |
| (2) | Loan to a third party at 5.0% interest per annum to set up our presence in China. |
Note 26 Events occurring after balance sheet date
The Company has assessed all events which occurred from June 30, 2026, up through September 30, 2026, which is the date that these unaudited interim condensed consolidated financial statements are available to be issued. Other than the events disclosed below, there are no material subsequent events that would require disclosure in the unaudited interim condensed consolidated financial statements.
On September 29, 2026, the Company entered into a shareholder loan agreement with a director for a principal amount of S$1 million, with a tenure of six months and an interest rate of 2.75% per annum.
| 17 |