9R LIMITED — Interim / Quarterly Report 2026

Aug 14, 2025

9R LIMITED

(Incorporated in the Republic of Singapore) Company Registration No. 199307300M

BUSINESS AND FINANCIAL UPDATE FOR THE QUARTER ENDED 30 JUNE 2025

The Board of Directors (the “ Board ”) of 9R Limited (the " Company ", and together with its subsidiaries, the " Group ") wishes to provide a voluntary business and financial update for the three-month period ended 30 June 2025 (“ 1Q2026 ”).

Key Financial Highlights

(a) Extract of Consolidated Statement of Profit or Loss and Other Comprehensive Income

Revenue Cost of sales Gross profit Other income Marketing and distribution expenses Administrative expenses Other operating expenses Reversal of loss allowance on financial assets and contract assets, net Finance costs (Loss)/Profit before tax Income tax expenses (Loss)/Profit for the period	Group Three-month ended 30.6.2025 30.6.2024 Unaudited Unaudited % S$’000 S$’000 Change 3,236 2,744 18 (881) (717) 23 2,355 2,027 16 52 18 NM (128) (48) NM (1,530) (1,525) 1 (1,085) (912) 19 5 888 (99) (65) (75) (13) (396) 373 NM (35) (139) (75) (431) 234 NM

NM – not meaningful

The Group recorded revenue of S$3.2 million for 1Q2026, an increase compared to S$2.7 million for the three-month period ended 30 June 2024 (“ 2Q2025 ”). This growth was mainly driven by lifestyle retail business segment, which also includes RedPay Visa Card, an integrated electronic payment and loyalty service introduced in early 2025. The card enhances customer convenience and engagement while creating a new revenue stream for the Company through transaction fees and increased spending frequency. Revenue from the karaoke business remained stable across most outlets, except for (i) the outlets operated at Gurney Plaza Mall in Penang, Malaysia, which ceased operations in April 2025, and (ii) the outlet at 1st Avenue Mall in Penang, Malaysia, which was partially closed for renovation works and has been fully re-opened in July 2025. The supply chain business segment continued to underperform, with no significant improvement in revenue during 1Q2026. The Group will continue to seek opportunities to strengthen this segment and improve its overall performance.

The Group’s cost of sales increased from S$0.72 million to S$0.88 million for 1Q2026, which is in tandem with the increase in revenue. This resulted in an increase of gross profit from S$2.03 million in 2Q2025 to S$2.36 million in 1Q2026.

The Group’s marketing and distribution expenses increased from S$0.05 million to S$0.13 million, mainly due to the Group’s efforts to seek new business opportunities and enhance the promotion of its electronic payment service, as well as ongoing marketing activities across its karaoke outlets.

The Group’s administrative expenses remained relatively stable in 1Q2026 as compared to 2Q2025.

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The Group’s other operating expenses increased S$0.17 million, from S$0.91 million in 2Q2025 to S$1.09 million in 1Q2026 mainly due to higher depreciation expenses following the acquisition of property, plant and equipment (“ PPE ”) related to renovation works for the outlet at 1st Avenue Mall in Penang.

(b) Extract of Statement of Financial Position

Cash and bank balances Other current assets Non-current assets Total assets Current liabilities Non-current liabilities Total liabilities Equity Total liabilities and equity	Group 30.6.2025 31.3.2025 Unaudited Audited S$’000 S$’000 2,846 2,865 2,783 2,934 19,225 19,858 24,854 25,657 4,662 4,866 6,445 6,627 11,107 11,493 13,747 14,164 24,854 25,657	Company
		30.6.2025 31.3.2025 Unaudited Audited S$’000 S$’000
		1,503 1,607 4,301 4,234 7,958 7,959
		13,762 13,800
		123 104 - -
		123 104
		13,639 13,696
		13,762 13,800

The Group’s total assets decreased by S$0.80 million, mainly due to the depreciation charge of S$1.04 million on PPE, partially offset by PPE acquisitions of S$0.42 million, with the remaining variance attributable to movements in other assets.

The Group’s total liabilities decreased by S$0.39 million from S$11.49 million as at 31 March 2025 to S$11.11 million. The decrease was due mainly to the repayment of lease liabilities during the period.

The Group's total equity decreased by S$0.42 million, mainly due to the loss incurred during the financial period.

Use of proceeds

(a) Proceeds from exercise of warrants

As at 17 July 2025, 42,900,237 warrants have been exercised by the warrant holders raising net proceeds of S$1.716 million. The net proceeds from the placement that were utilised are as follows:

Use of net proceeds General working capital requirements of the Group	Allocation percentage Amount allocated S$’000 Utilised as at 17 July 2025 S$’000 Balance S$’000
	100% 1,716 656 1,060

A breakdown of the net proceeds utilised for general corporate and working capital as follows:

Summary of Proceeds used as Working Capital

Payment of professional fees Payment of administrative expenses Payment for deposit for acquisition of Compact Sensation Sdn Bhd Repayment of existing shareholders loan	S$’000
	185 151 148 172
	656

The balance of proceeds will be used for general corporate and working capital and the use of the proceeds is in accordance with the intended use as disclosed in the Company’s Offer Information

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Statement dated 3 June 2022 and the First Supplementary Offer Information Statement dated 9 November 2022.

(b) Proceeds From Private Placement (Completed in November 2022)

On 25 November 2022, the Group announced the completion of proposed placement pursuant to which 250,390,700 placement shares were allotted and issued. Further details on this placement can be found in the Company’s SGXNet announcement dated 10 November 2022. The Company has raised net proceeds of S$12,199,535 after deducting placement expenses. As at 17 July 2025, the net proceeds from the placement that were utilised are as follows:

Use of net proceeds General corporate and working capital requirements Proposed diversification of the Group’s business Total	Allocation percentage Amount allocated S$’000 Utilised as at 17 July 2025 S$’000 Balance S$’000
	30% 3,660 1,972 1,688 70% 8,540 8,540 -
	100% 12,200 10,512 1,688

A breakdown of the net proceeds from the private placement that were utilised for working capital are:

Summary of Proceeds used as Working Capital

Summary of Proceeds used as Working Capital
Payment of professional fees Payment of administrative expenses Total	S$’000
	1,168 804
	1,972

The use of the proceeds from the placement is accordance with the intended use as disclosed in the Company’s announcement.

The Board will continue to update in periodic announcements on the utilisation of the proceeds as and when the proceeds are materially disbursed and provide a status report on such use in its annual report and interim financial results announcements.

Outlook

Lifestyle Retail Business Segment

As at 30 June 2025, the Group operates 8 karaoke outlets following the closure of its outlet at Gurney Plaza Mall in Penang, Malaysia. Despite this closure, the Group has made significant strides in expanding its footprint within the lifestyle retail sector. The continued investment in upgrading and renovating existing outlets has contributed to enhanced operational efficiency, a refreshed customer experience, and improved overall outlet performance.

In particular, the Group successfully reopened its outlet at 1st Avenue Mall in Penang, Malaysia in July 2025 following an upgrading renovation. This outlet now features a fresh image, designed to enhance the overall customer experience and better meet the needs of today’s consumers.

The Group also incorporated Greenbox Chain Sdn. Bhd., a new subsidiary under the lifestyle retail business segment on 5 June 2025. This subsidiary will focus on a cutting-edge business model that offers customers a more private and personalised karaoke experience through the introduction of “singing cubes”—compact, tech-enabled spaces designed for solo or small-group singing. This innovative concept is aimed at catering to evolving consumer preferences for more intimate, flexible entertainment options, diversifying the Group's revenue streams and expanding its market offering.

Looking ahead, the Group remains committed to expanding its presence and achieving sustainable growth in this segment. The focus will be on improving the performance of existing outlets, streamlining operations, and implementing cost-control measures. Additionally, the Group is actively reviewing its portfolio and refining its brand strategies to ensure continued relevance in a highly competitive market.

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In line with these objectives, the Group is actively exploring expansion opportunities in lifestyle retail business segment to strengthen its presence in high-traffic, strategic locations. Details of new outlets will be announced upon finalisation of plans. However, the operating environment remains challenging, with factors such as intense industry competition, ongoing labour shortages, and rising inflationary pressures impacting the retail sector. The Group will continue to navigate these challenges by embracing innovative solutions, prioritising operational excellence, and executing proactive market strategies to enhance its competitive position.

Supply Chain Management Business Segment

The performance of the supply chain business segment has been underperforming as of 30 June 2025, largely due to a decline in demand for AI-powered food delivery robots. While the Group has entered into key partnerships, including collaborations with Pac Lease for leasing options and Robopreneur Sdn. Bhd. for local warranty and maintenance services, these efforts have yet to significantly boost performance in this segment.

The Group anticipates that the challenging conditions experienced in the financial year ended 31 March 2025 will continue, influenced by ongoing global trade tensions and broader macroeconomic uncertainties, which have affected both business and consumer sentiment.

In light of these circumstances, the Group is in the process of gradually relaunching its robotics and automation business, with a focus on rebuilding core capabilities and improving its offerings. Management remains open to exploring strategic options, including potential partnerships and incremental innovations to support future growth.

Despite the current challenges, the Group remains cautiously optimistic for the next 12 months. With ongoing innovation in the lifestyle retail business and continued efforts to revitalise the supply chain management segment, the Group is well-positioned to capture growth opportunities. However, potential risks, such as global trade tensions and domestic policy changes, may impact the broader business environment. The Group will continue to monitor these developments and adjust strategies accordingly to ensure sustainable growth.

BY ORDER OF THE BOARD

Mr Khoo Kai Yang Chief Executive Officer

14 August 2025

This announcement has been reviewed by the Company’s sponsor, UOB Kay Hian Private Limited (the “ Sponsor ”).

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “ SGX-ST ”) and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 83 Clemenceau Avenue #10-01 UE Square, Singapore 23992 0 , telephone (65) 6590 6881.

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