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TechCreate Group Ltd. Reports First Half Fiscal Year 2026 Financial and Operational Results

Business Wire

SINGAPORE, October 09, 2026--TechCreate Group Ltd. (OTCMKTS: TCGLF) ("TechCreate" or the "Company"), a technology consultancy and advanced software solutions provider specializing in payment solutions, cybersecurity, and digital services, announced its financial and operational results for the six months ended June 30, 2026.

Recent Operational Highlights

  • Notified by NYSE American that the Committee for Review will consider the Company's request for review of the Panel's decision on October 22, 2026

  • Issued a Letter to Shareholders explaining NYSE American delisting proceedings

  • Announced changes to the Board of Directors and committee composition, effective May 31, 2026

  • Announced intention to collaborate with pQCee Pte Ltd to explore the incorporation of National Institute of Standards and Technology-approved post-quantum cryptography (PQC) algorithms in the Company's QR Hybrid POS terminals

  • Appointed Sibil Thomas as Financial Controller and Chief Accounting Officer

First Half Fiscal Year 2026 Financial Results

Total Revenues decreased to approximately S$880,000 (US$680,000) for the six months ended June 30, 2026, compared to S$1.9 million in the same period last year. The decrease was primarily due to lower Provision of Professional Services revenue, reflecting the completion in 2025 of a Real-Time Engine enhancement project for a customer in Brunei and an OEM pay enablement project for a customer in Cambodia, lower Sale of Software Licenses and Maintenance Licenses revenue following the expiration of existing contracts with customers in Cambodia and Brunei, and lower Sale of Hardware Solutions revenue mainly attributable to lower sales of QR soundbox terminals during the first half of 2026.

Cost of Revenue decreased to approximately S$579,000 (US$447,000) for the six months ended June 30, 2026, compared to S$890,000 in the same period last year. The decrease was primarily due to lower costs associated with the decrease in revenue.

Gross Profit Margin decreased to 34.2% for the six months ended June 30, 2026, compared to 54.0% in the same period last year. The decrease was primarily due to lower revenue from Provision of Professional Services.

Total Operating Expenses increased to S$2.6 million (US$2.0 million) for the six months ended June 30, 2026, compared to S$1.0 million in the same period last year. The increase was primarily due to an increase in general and administrative expenses reflecting higher professional fees associated with the Company's post-IPO strategic initiatives and an increase in selling and distribution expenses reflecting higher staff costs associated with the expansion of the Company's sales team.

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