Form: 6-K

Report of foreign issuer [Rules 13a-16 and 15d-16]

October 9, 2026

Documents

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Exhibit 99.3

 

TECHCREATE GROUP LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

 

           
   As of December 31,   As of June 30, 
   2025   2026 (Unaudited)   2026 (Unaudited) 
   S$   S$   US$ 
ASSETS               
Current Assets               
Deferred Cost   76,237    386,188    298,376 
Accounts and Other Receivables, net   2,286,929    3,310,312    2,557,608 
Amount Due from Shareholders   4,903    3    2 
Cash and Cash Equivalents   7,370,340    6,542,110    5,054,555 
Total Current Assets   9,738,409    10,238,613    7,910,541 
                
Non-Current Assets               
Property, Plant and Equipment, net   5,968    3,103    2,397 
Right-of-Use Assets – Operating Leases   42,688    23,429    18,102 
Other non-current assets   2,155,291    613,642    474,111 
Total Non-Current Assets   2,203,947    640,174    494,610 
TOTAL ASSETS   11,942,356    10,878,787    8,405,151 
                
Commitments and Contingencies   -    -    - 
                
LIABILITIES               
Current Liabilities               
Contract Liabilities   94,307    991,631    766,151 
Accounts and Other Payables   425,500    257,594    199,022 
Operating Lease Liability   31,171    22,307    17,235 
Income Tax Payables   7,475    7,534    5,821 
Working Capital Loans   62,370    62,371    48,189 
Total Current Liabilities   620,823    1,341,437    1,036,418 
                
Non-Current Liabilities:               
Operating Lease Liability   14,616    2,802    2,165 
Contract Liabilities   -    -    - 
Working Capital Loans   191,039    158,000    122,074 
Total Non-Current Liabilities   205,655    160,802    124,239 
TOTAL LIABILITIES   826,478    1,502,239    1,160,657 
                
SHAREHOLDERS’ EQUITY               
Class A Ordinary Shares, US$0.0002 par value, 225,000,000 shares authorized, 17,859,750 shares issued and outstanding as of December 31, 2025 and June 30, 2026.   4,587    4,587    3,544 
Class B Ordinary Shares, US$0.0002 par value, 25,000,000 shares authorized, 2,572,750 shares issued and outstanding as of December 31, 2025 and June 30, 2026.   661    661    511 
Additional Paid-in Capital   12,624,119    13,028,889    10,066,359 
Accumulated Other Comprehensive Income   26,363    80,012    61,819 
Accumulated Losses   (1,539,852)   (3,737,601)   (2,887,739)
Total Shareholders’ Equity   11,115,878    9,376,548    7,244,494 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   11,942,356    10,878,787    8,405,151 

 

1

 

 

TECHCREATE GROUP LTD.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

 

           
   For the six months ended June 30, 
   2025   2026   2026 
   Reclassification*         
   S$   S$   US$ 
Revenue   1,936,539    879,823    679,767 
Cost of revenue   (889,954)   (578,827)   (447,212)
Gross profit   1,046,585    300,996    232,555 
                
Selling and distribution expenses   (109,739)   (261,201)   (201,809)
Research and development expenses   -    (67,520)   (52,167)
General and administrative expenses   (881,131)   (2,222,818)   (1,717,390)
Total operating expenses   (990,870)   (2,551,539)   (1,971,366)
                
Income/(loss) from operations   55,715    (2,250,543)   (1,738,811)
                
Other income (expenses)               
Other income, net   7,247    107,172    82,803 
Interest expense   (28,409)   (9,290)   (7,178)
Total other income (expenses)   (21,162)   97,882    75,625 
                
Income/(loss) before income tax   34,553    (2,152,661)   (1,663,186)
Income tax expense   (54,699)   (45,088)   (34,836)
Net loss   (20,146)   (2,197,749)   (1,698,022)
                
Other comprehensive income, net of tax               
Currency translation differences arising from consolidation   11,389    56,108    43,350 
Net comprehensive loss   (8,757)   (2,141,641)   (1,654,672)
                
Net loss per share attributable to ordinary shareholders               
Basic and diluted   (0.0012)   (0.1076)   (0.0831)
                
Weighted average number of ordinary shares used in computing net loss per share               
Basic and diluted   17,500,000    20,432,500    20,432,500 

 

*Comparative amounts totalling S$318,061 have been reclassified from general and administrative expenses to cost of revenue for consistency in the classification of expenses. The reclassification resulted in a corresponding decrease in gross profit and had no effect on net loss.

 

2

 

 

TECHCREATE GROUP LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

(Unaudited)

 

For the six months ended June 30, 2025

 

   Number of shares      Number of shares                
   Class A Ordinary Shares   Class B Ordinary Shares   Additional   Retained earnings/   Accumulated
other		     
   Number of shares   Amount   Number of shares   Amount   paid-in capital   (Accumulated (loss)/income)   comprehensive
(loss)/income		   Total equity 
       S$       S$   S$   S$   S$   S$ 
Balance as at December 31, 2024   14,927,250    -    2,572,750    -    1,351,540    (468,941)   (7,875)   874,724 
Net loss   -         -    -    -    (20,146)   -    (20,146)
Foreign currency translation   -    -    -    -    -    -    19,264    19,264 
Balance as at June 30, 2025   14,927,250         2,572,750         1,351,540    (489,087)   11,389    873,842 

 

For the six months ended June 30, 2026

 

Balance as at December 31, 2025   17,859,750    4,587    2,572,750    661    12,624,119    (1,539,852)   26,363    11,115,878 
Net loss   -         -    -    -    (2,197,749)   -    (2,197,749)
Share-based compensation   -    -    -    -    404,770    -    -    404,770 
Foreign currency translation   -    -    -    -    -         53,649    53,649 
Balance as at June 30, 2026   17,859,750    4,587    2,572,750    661    13,028,889    (3,737,601)   80,012    9,376,548 
                                         
          US$           US$      US$      US$      US$      US$  
Balance as at June 30, 2026        3,544         511    10,066,359    (2,887,739)   61,819    7,244,494 

 

3

 

 

TECHCREATE GROUP LTD.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

         2026 
   For the six months ended June 30, 
   2025   2026   2026 
   S$   S$   US$ 
Cash flows from operating activities               
Net loss   (20,146)   (2,197,749)   (1,698,022)
                
Adjustments to reconcile net loss to net cash provided by operating activities               
Depreciation   3,993    2,865    2,214 
Operating lease expenses   20,976    20,182    15,593 
Working capital loan interest   28,409    9,290    7,178 
Share-based compensation   -    400,001    309,048 
Changes in operating assets and liabilities               
Deferred cost   225,490    (309,951)   (239,474)
Contract assets   79,703    -    - 
Trade and other receivables   165,804    518,266    400,422 
Amount due from shareholders   -    4,900    3,786 
Amount due from related parties   11,772    -    - 
Contract liabilities   (279,907)   897,324    693,289 
Trade and other payables   262,530    (167,906)   (129,727)
Lease liabilities   (20,803)   (21,601)   (16,689)
Income tax payable   (17)   59    46 
Net cash generated from/ (used in) operating activities   477,804    (844,320)   (652,336)
                
Cash flow from investing activities:               
Acquisition of property, plant and equipment   (2,502)   -    - 
Net cash used in investing activities   (2,502)   -    - 
                
Cash flows from financing activities:               
Dividend paid to equity holders   -    -    - 
Amount due to shareholders   (11,261)   -    - 
Repayment of working capital loans   (129,135)   (42,328)   (32,703)
Proceeds from working capital loans   -    -    - 
Proceeds from the issuance of ordinary shares, net of issuance costs   -    -    - 
Deferred offering costs   (254,130)   -    - 
Net cash (used in)/ generated from financing activities   (394,526)   (42,328)   (32,703)
Effects of changes in foreign exchange of cash   19,264    58,418    45,135 
Net (decrease)/ increase in cash and cash equivalents   100,040    (828,230)   (639,904)
Cash and cash equivalents at beginning of financial year   1,205,951    7,370,340    5,694,459 
Cash and cash equivalents at June 30,   1,305,991    6,542,110    5,054,555 
                
Supplemental cash flow information               
Income taxes paid   -    (2,501)   (1,932)
Withholding taxes paid   (54,441)   (42,587)   (32,903)
Cash paid for interest   (28,409)   (9,290)   (7,178)
Capital contribution subscription receivable from shareholder   4,900    -    - 

 

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