Episode Details

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