Fitness Champs Holdings Limited filed a Form 6-K/A Amendment No. 1 on October 26, 2026, amending and restating its unaudited interim consolidated financial statements and management's discussion and analysis for the six months ended June 30, 2026 and 2025, originally furnished to the SEC on August 27, 2026.

Key Highlights

  • Restatement trigger: Management, in consultation with independent public accountants Onestop Assurance PAC, identified errors and the need to revise certain presentation and disclosures in the original financial statements and MD&A.
  • Loss per share restated: For the six months ended June 30, 2026, basic and diluted loss per Class A and Class B ordinary share is now S$(6.46) (US$(4.99)), revised from the previously reported S$(3.66) (US$(2.83)) per ordinary share.
  • Loss per share for H1 2025: Restated to S$(7.44) per ordinary share, previously reported as S$(30.26).
  • Weighted average shares revised: For 2026, revised to 504,984 Class A and 19,351 Class B ordinary shares, from a previously reported 924,803 ordinary shares; for 2025, revised to 33,334 ordinary shares from 8,197.
  • Expense reclassification: Approximately S$40,000 was reclassified from general and administrative expenses to selling and distribution expenses; total operating expenses and net loss in Singapore dollars are unchanged.
  • Share capital presentation corrected: The balance sheet now separately presents 1,299,391 Class A and 19,351 Class B ordinary shares outstanding as of June 30, 2026, reflecting two reverse share splits in 2026.
  • Original filing superseded: The company stated that investors and other readers "should not rely on the Original Filing nor any previously issued or filed reports, press releases, presentations or similar communications" containing related financial information.

Restatement Details: Corrections to Fitness Champs Holdings H1 2026 Interim Financials

According to the filing, Fitness Champs Holdings Limited (Commission File Number: 001-42823), incorporated and headquartered in Singapore, filed this Form 6-K/A to amend its earlier Form 6-K submitted on August 27, 2026. The company disclosed that its management, working with independent public accountants Onestop Assurance PAC, determined that the original financial statements and MD&A "should no longer be relied upon and should be amended and restated." The filing identifies six principal categories of correction.

The most significant change involves loss per share. The filing reports that the restatement adopts a two-class presentation, producing a revised basic and diluted loss per Class A and Class B ordinary share of S$(6.46) (US$(4.99)) for the six months ended June 30, 2026, compared with the previously stated S$(3.66) (US$(2.83)). For the comparable period in 2025, the restated figure is S$(7.44) per ordinary share versus the prior S$(30.26). The weighted average share counts underlying these figures were also revised, the filing noted, to reflect the 15-for-1 reverse share split effected on February 12, 2026 and the 30-for-1 reverse share split effected on May 4, 2026.

The filing further disclosed corrections to U.S. dollar convenience translations across multiple statements, including foreign currency adjustments (now US$4,000, previously US$12,000), total comprehensive loss (now US$2,611,000, previously US$2,603,000), net cash used in operating activities (now US$3,065,000, previously US$3,072,000), and net cash provided by financing activities (now US$3,962,000, previously US$3,945,000). The company stated that none of these translation corrections altered the Singapore dollar amounts reported. The filing specifies that, unless expressly stated, the amendment does not reflect events occurring after the original filing date.

What Was Disclosed

Fitness Champs Holdings Limited filed an amended Form 6-K/A on October 26, 2026, restating its interim consolidated financial statements and MD&A for the six months ended June 30, 2026 and 2025. Corrections cover loss per share, share capital presentation, expense reclassification, and U.S. dollar translation amounts.