YYForce Issues First Half 2026 Financial Results Highlighting 26.8% Revenue Growth to US$32.7 Million

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For more information on the Company’s non-IFRS financial measures, please see the section titled “Unaudited Reconciliation of IFRS and non-IFRS financial measures.”

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Investor Contact

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Jason Zhi Yong Phua, Chief Financial Officer
YYForce Inc.
[email protected]

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Unaudited Reconciliation of IFRS and Non-IFRS Financial Measures

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US$	Six months ended June 30, 2026 (Unaudited)		Six months ended June 30, 2026 (Unaudited) Non-IFRS reconciliation
Revenue	32,659,236		32,659,236
Cost of revenue	(29,359,389	)	(29,008,975	)
Gross profit	3,299,847		3,650,261
Other income	703,883		703,883
Selling and marketing expenses	(1,152,522	)	(652,522	)
General and administrative expenses	(7,902,969	)	(6,286,830	)
Other expenses	(111,423	)	(111,423	)
Change in fair value of investment properties	(44,079	)	(44,079	)
Operating loss	(5,207,263	)	(2,740,710	)
Finance cost	(865,273	)	(452,773	)
Net loss on convertible notes designated at FVTPL	(2,617,807	)	–
Net gain on warrant liabilities	1,726,802		–
Loss before tax	(6,963,541	)	(3,193,483	)
Income tax expenses	(99,272	)	(99,272	)
Loss for the period	(7,062,813	)	(3,292,755	)
Foreign currency translation differences – foreign operations	(817,032	)	(817,032	)
Change in fair value of convertible notes designated at FVTPL due to own credit risk	1,726		1,726
Total comprehensive loss for the period	(7,878,119	)	(4,108,061	)
Loss attributable to:
Non-controlling interests	108,080		108,080
Equity owners of the Company	(7,170,893	)	(3,400,835	)

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Reconciliation of Non-IFRS to IFRS Loss Attributable to Equity Owners

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Loss attributable to equity owners of the Company – non-IFRS	(3,400,835	)
Consultancy fees	(1,297,331	)
Convertible notes related expenses	(1,052,500	)
Net loss on convertible notes designated at FVTPL	(2,617,807	)
Net gain on warrant liabilities	1,726,802
One-time accounting adjustments	(529,222	)
Loss attributable to equity owners of the Company – IFRS	(7,170,893	)

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YYFORCE INC. AND ITS SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

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	Note	June 30, 2026 (Unaudited)			December 31, 2025
		$			$
Assets
Current assets:
Cash			3,082,570			1,511,760
Trade receivables, net	4		11,063,513			12,138,342
Prepayment and other current assets	5		4,373,945			1,251,794
Amount due from related parties	18		4,054,010			501,637
Total current assets			22,574,038			15,403,533

Non-current assets:
Right-of-use assets	6		1,254,966			1,463,494
Intangible assets, net	8		5,017,595			5,174,257
Investment properties	9		2,381,942			2,445,292
Net investment in lease	10		–			2,970,685
Property and equipment, net	7		579,025			527,092
Financial assets measured at fair value through profit or loss (“FVTPL”)			100,000			–
Prepayment and other non-current assets	5		179,151			422,849
Goodwill	8		5,808,574			5,808,574
Deferred tax assets			125,825			125,825
Total non-current assets			15,447,078			18,938,068

Total assets			38,021,116			34,341,601

Current liabilities:
Trade and other payables	11		4,572,651			10,837,525
Contract liabilities			572,280			–
Amount due to related parties	18		189,696			503,007
Lease liabilities, current	13		411,619			429,634
Convertible notes designated at FVTPL	12		14,379			–
Loans and borrowings, current	13		4,937,830			5,375,362
Total current liabilities			10,698,455			17,145,528

Non-current liabilities:
Loans and borrowings, non-current	13		367,687			627,526
Warrants liabilities	12		17,733			1,213,340
Deferred tax liabilities	17		645,722			645,722
Lease liabilities, non-current	13		928,611			1,099,767
Total non-current liabilities			1,959,753			3,586,355
Total liabilities			12,658,208			20,731,883

Equity
Share Capital*	14		43,966,842			24,825,837
Reserves	14		10,862,760			11,182,357
Accumulated deficit			(32,882,003	)		(25,711,110	)
Equity attributable to owners of the Company			21,947,599			10,297,084

Non-controlling interests			3,415,309			3,312,634
Total equity			25,362,908			13,609,718

Total liabilities and equity			38,021,116			34,341,601

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The shares and per share information are presented on a retroactive basis to reflect the reorganization.

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YYFORCE INC. AND ITS SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE (LOSS) INCOME

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		For the six months ended June 30,
	Note	2026 (Unaudited)			2025 (Unaudited)
		$			$
Revenue	16		32,659,236			25,754,473
Cost of revenue	16		(29,359,389	)		(21,486,338	)
Gross profit			3,299,847			4,268,135

Other income	16		703,883			814,457
Selling and marketing expenses	16		(1,152,522	)		(1,562,277	)
General and administrative expenses	16		(7,902,969	)		(7,107,000	)
Impairment loss on intangible asset	16		–			(4,063,000	)
Other expenses	16		(111,423	)		(31,918	)
Change in fair value of investment properties	16		(44,079	)		–
Operating loss			(5,207,263	)		(7,681,603	)

Finance cost	16		(865,273	)		(367,270	)
Net loss on convertible notes designated at FVTPL	12		(2,617,807	)		–
Net gain on warrant liabilities	12		1,726,802			(24,075	)
Loss before tax			(6,963,541	)		(8,072,948	)
Income tax expenses	17		(99,272	)		(123,038	)
Loss for the period			(7,062,813	)		(8,195,986	)
Other comprehensive (loss) income
Foreign currency translation differences – foreign operations			(817,032	)		290,378
Change in fair value of convertible notes designated at FVTPL due to own credit risk			1,726			–
Total comprehensive loss for the period			(7,878,119	)		(7,905,608	)

Loss attributable to:
Equity owners of the Company			(7,170,893	)		(8,246,755	)
Non-controlling interests			108,080			50,769
Loss for the period			(7,062,813	)		(8,195,986	)

Total comprehensive loss attributable to:
Equity owners of the Company			(7,980,794	)		(7,963,848	)
Non-controlling interests			102,675			58,240
Total comprehensive loss for the period			(7,878,119	)		(7,905,608	)

Basic loss per share*	15		(13.62	)		(311.00	)
Diluted loss per share*	15		(13.62	)		(311.00	)
Weighted average number of shares
Basic			526,603			26,517
Diluted			526,603			26,517

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The shares and per share information are presented on a retroactive basis to reflect the reorganization. Further, the Class A ordinary shares are presented on a retroactive basis to reflect the Company’s reverse share split of 50-for-1 on March 23, 2026 and 30-for-1 on June 23, 2026, respectively.

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