BREAKING:

TT International Limited saw a decline in Q1FY2026, reporting a larger net loss driven by falling sales and gross profit amid a challenging retail landscape. The debt restructuring efforts hit a roadblock as the Convertible Loan agreement was terminated, necessitating an immediate pivot to a Proposed Loan from a New Lender. The Moratorium and Long Stop Date for the Amended New Scheme are continually extended by court order.

• The Group’s operations struggle against external pressures, leading to increased financial losses

• A critical restructuring funding deal collapses, requiring a dramatic last-minute shift to an alternative financing source

• Creditors are called to repeatedly postpone voting on the Amended New Scheme as judicial deadlines are pushed back

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BREAKING:

TT International Limited has released its unaudited financial statements for the full year ended 31 March 2025, revealing a period of continued operational challenges and ongoing efforts to manage its financial restructuring. The company's performance reflects a challenging retail environment and significant cost pressures, while its long-standing scheme of arrangement continues to be a central focus for its stakeholders.

• The company experienced a noticeable decline in its top-line performance, alongside a reduction in its operational losses compared to the previous year
• Despite some improvements, the group continues to navigate a complex financial landscape, marked by persistent industry headwinds and significant debt restructuring efforts
• Ongoing legal proceedings and continuous engagements with creditors and potential funders remain crucial as the company seeks to stabilize its financial position

There will be an AGM on

Event dates:

For more information, click here: TT INTERNATIONAL LIMITED 2023 AGM