Fitness Champs posts H1 net loss of S$3.38 million, citing higher legal and professional fees
FCHL•H1 results
Fitness Champs posted a net loss of about S$3.39 million for the six months ended June 30, 2026, versus S$248,000 a year earlier.
Costs and expenses
Cost of revenue rose 4% to about S$1.6 million, reflecting Dubai startup coach salaries, partly offset by lower Singapore coach costs.
General and administrative expense surged to about S$3.59 million, led by a S$2.18 million referral fee within legal and professional costs.
Revenue and profitability
Revenue fell 5.4% to about S$2.05 million, driven by a 5.6% drop in swim fees tied to slightly lower enrollment.
Gross profit declined to about S$446,000 from S$624,000; the gross margin narrowed to 21.8% from 28.9%.
