Ascent Bridge (AWG) H2 2026 earnings summary

Executive summary

• FY2026 revenue fell 49.0% YoY to S$1.05m; net loss widened to S$6.39m from S$2.98m, including a S$1.71m fair value loss on a derivative.

• Operating cash outflow was S$1.80m; cash and cash equivalents were S$91k at 31 March 2026, or S$128k including cash in the disposal group.

Financial highlights

• Gross profit fell 67.9% to S$276k; gross margin declined to 26.3% from 41.7%, reflecting product-mix changes.

• Operating loss widened to S$6.51m from S$3.05m; other operating income rose 69.2% to S$110k, including a S$40k reversal of an ECL allowance.

• Selling and distribution costs decreased 28.2% to S$620k; G&A decreased 12.4% to S$4.55m, reflecting lower marketing, professional fees, rent and director fees.

• FY2026 loss attributable to owners was S$6.39m versus S$2.98m; Q4 loss was S$2.55m versus prior-year Q4 profit of S$522k.

Outlook and guidance

• Strategic alternatives and new business or investment opportunities are under review to diversify operations and establish revenue streams; fundraising or strategic investment may support plans once a suitable direction is identified.

• Management expects to meet liabilities as they fall due and continue as a going concern for the next 12 months, while noting dependence on opportunities and potential financing.

• FY2026 results were in line with previously announced profit guidance.