Fitness Champs Holdings Limited

What they do

Fitness Champs operates in the services-miscellaneous amusement and recreation sector, based in Singapore. The company is listed on the SEC reporting regime under Form 20-F, with its principal executive offices in Ang Mo Kio, Singapore. Its business activities are not detailed in the provided filing excerpts beyond the SIC classification.

Revenue drivers

• Overall annual revenue — Total annual revenue was $3.1M in 2024 and $3.2M in 2025, indicating a modest increase. Segment-level breakdowns are not provided in the excerpts.

Recent performance

For fiscal 2025, the company reported annual revenue of $3.2M, up from $3.1M in 2024, but swung to a net loss of $1.1M versus $126,000 net income in 2024. Diluted EPS was negative $110.34 in 2025, compared to positive $126 in 2024. Operating cash flow improved to $447,000 in 2025 from $61,000 in 2024. The balance sheet shows total assets of $2.1M and total liabilities of $1.5M as of December 31, 2025.

Strategy

The filing does not disclose a specific business strategy. It indicates the company is an emerging growth company and has elected to use U.S. GAAP. The company has undergone share re-designation and reverse share splits in early 2026, reflecting capital structure actions rather than operational strategy.

Risks

• Net loss in 2025 — The company reported a net loss of $1.1M in 2025, a significant deterioration from a net income of $126,000 in 2024.
• Negative EPS — Diluted EPS fell from $126 to negative $110.34, indicating sharp per-share profitability decline.
• Low equity buffer — Shareholder equity was only $598,000 as of December 31, 2025, against total liabilities of $1.5M, leaving limited cushion.
• Shell company status — The filing includes a check mark indicating the company may be a shell company, which could imply limited operations or assets.

Outlook

Management commentary on future performance is not included in the provided excerpts. The company has taken recent capital actions, including reverse share splits, which may affect share structure but provide no forward-looking guidance. The 20-F/A amendment notes no other changes beyond adding a Compensation Recoupment Policy.