Ascent Bridge (AWG) H1 2026 earnings summary

Executive summary

• H1 2026 revenue fell 42.1% YoY to S$669k; net loss widened 7.3% to S$2.256m. Weaker export-market sales and lower gross margin drove the decline.

• Operating cash outflow improved to S$955k from S$1.255m, but period-end cash declined to S$139k from S$1.219m at 31 March 2025.

Financial highlights

• Revenue was S$669k, down 42.1% YoY; gross profit was S$290k, down 50.5%, and gross margin fell to 43.3% from 50.7%.

• Operating loss was S$2.303m versus S$2.085m; net loss was S$2.256m versus S$2.102m. A S$56k income tax credit reflected reversal of prior-year overprovision.

• G&A expense declined 4.8% YoY to S$2.299m, mainly from lower audit fees and office rent after relocation to a lower-cost facility.

Outlook and guidance

• Management expects to meet liabilities as due and continue as a going concern for the next 12 months, supported by a S$500k interest-free shareholder loan received on 1 November 2025 and a proposed rights issue.

• A new rights issue is planned within the next few months to fund business expansion, strengthen the capital base and explore opportunities; future operating cash inflows are also expected.