BREAKING:

Incredible Holdings Ltd. has released its unaudited interim financial results for the first quarter ended 30 September 2025, which confirm the Group remains in a loss-making position. Revenue significantly declined across all operating segments, including Luxury Goods, Distribution, and Loan Financing, primarily attributed to an overall decrease in customer demand and increased competition in the market. Management has pursued cost-saving initiatives, such as staff reduction and moving to a smaller office.

• The company is compelled to announce its quarterly statements due to a disclaimer of opinion issued by its independent auditor for a prior financial year

• Key business activities, specifically trading of luxury goods and loan financing, generated virtually no revenue during the period

• The Group is actively addressing persistent outstanding audit issues related to the proper valuation of opening inventory balances and the impairment assessment of its long-dormant website development costs

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BREAKING:

Incredible Holdings Ltd. has published its unaudited interim financial statements, a necessity following an auditor's disclaimer of opinion for the financial year ended 31 December 2022. The Group, which includes luxury goods trading, equipment distribution, and loan financing, faced considerable revenue declines due to weaker customer demand and increased competition. Despite reduced administrative and finance costs, the company recorded a loss for the period. Strategic initiatives are in motion, including a proposed reverse takeover, as it addresses ongoing audit challenges.

• Operational challenges led to significant revenue dips across the Group's diverse business segments
• A strategic restructuring is underway, including a proposed reverse takeover, targeting future growth and diversification
• The company is actively resolving outstanding audit concerns, aiming to enhance its financial clarity and position

There will be an AGM on

Event dates:

For more information, click here: INCREDIBLE HOLDINGS LTD 2023 AGM