Dasmond Koh’s NoonTalk Media on shaky ground as H1 losses double, liabilities surge
It affirms its ability to continue as a going concern, although current liabilities exceed current assets as at Dec 31
NOONTALK Media posted a net loss of S$1.6 million for its first half ended Dec 31, 2025, almost doubling from a net loss of S$878,316 in the year-ago period.
The entertainment company helmed by former DJ Dasmond Koh, who is its chief executive and executive director, recorded a loss per share of S$0.0083 for the six months, against S$0.0044 previously.
In its financial statement on Friday (Feb 13), the Catalist-listed company remarked that its business environment has been “challenging”. “Clients remain cautious in their spending decisions, resulting in longer conversion timelines,” it said.
It added that its business, which is typically driven by the production of major events during festive seasons, has been affected by seasonal and cyclical factors.
NoonTalk’s business comprises a production segment, which oversees the production of television dramas, film, events, marketing campaigns and media content.
The business also comprises a management and events segment, which oversees the management of artistes, the production of events for third parties, the rendering of management services, and the rental of studio premises.
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For the half year, the group’s revenue fell 28.7 per cent year on year to S$2.1 million from S$3 million, primarily due to lower contributions from its production segment. The segment’s revenue fell by 54 per cent or S$1.3 million due to a lower number of medium-scale projects.
The management and events segment recorded a 56 per cent or S$384,000 increase in revenue, amid higher contributions from the artiste segment and revenue from the inaugural Golden Singa Awards. The gains were partly offset by a S$292,000 loss in studio rental income following the group’s relocation to a standalone office space.
Cost of sales for the six months stood at nearly S$3 million, a 5.7 per cent increase from S$2.8 million for the first half of FY2025.
The group reported consolidated gross loss of S$810,000 for H1 FY2026, compared to a gross profit of S$217,000 previously. This was primarily driven by the startup costs of a new initiative within the management and events business segment.
For its latest financial year ended Jun 30, 2025, NoonTalk incurred a S$1.8 million net loss, marking its third consecutive year of losses since its November 2022 listing. This led auditors to issue a warning over its ability to continue as a going concern in October 2025.
In December, NoonTalk announced plans to establish an integrated media hub to pursue “value-generating opportunities”, spanning media production, content development, live-streaming incubation operations and e-commerce.
The company did not declare any dividend for the half year, due to its net loss.
“Management remains committed to maintaining its cost savings efforts even as it continues its push to improve on its revenue streams and profitability,” NoonTalk said.
Able to continue as a going concern amid S$2 million loan from CEO
NoonTalk’s current assets stood at S$2.2 million as at Dec 31, an increase of 3 per cent from S$2.1 million as at Jun 30, 2025. Its current liabilities surged 32 per cent to S$2.8 million as at end-December, from 2.1 million as at end-June.
However, the company said its directors believe it is able to continue as a going concern, as it has “sufficient working capital and financial resources” to meet its liabilities as and when they fall due.
The company said it has been extended a S$2 million loan, pursuant to a loan agreement it entered with its CEO, Koh, on Oct 9, 2024.
The loan is to be used for working capital purposes, with some S$1.6 million of the sum having already been provided to the company. The unsecured and interest-free loan is repayable “on demand on or after Jul 1, 2026”.
NoonTalk’s net cash generated from financing activities totalled S$1.6 million for the period ended December.
The company noted that it had implemented measures to tighten control over expenses and better manage its working capital. It is focusing on operational efficiency and has started to integrate artificial intelligence-generated content tools into its production workflow.
The group added that it will continue to refine its storytelling and content creation capabilities, with a focus on short-term formats aligned with current market demand.
NoonTalk shares ended Friday flat at S$0.062, after the news.
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