YYGH News & Events

"Fiscal year 2025 was a year of purposeful investment in which we prioritized building the geographic reach, operational scale, and client relationships needed to support our next phase of growth," said Mike Fu, CEO of YY Group. "Full year revenue of US$57.2 million, representing year-over-year growth of 39.3%, reflects strong execution across both our manpower and IFM verticals, with meaningful contributions from acquisitions completed during the year and a growing client portfolio across Singapore, Hong Kong, Thailand, and Malaysia. Our manpower segment's repeatable market entry playbook is now generating compounding returns as each geography scales, while strategic acquisitions and organic client wins drove a surge in IFM revenue and more than doubled our IFM customer base. We have also invested meaningfully in AI capabilities and look forward to sharing more on this strategic initiative in the coming weeks. We are moving into 2026 with strong pipeline visibility, the operational foundation to deliver on our FY2026 revenue guidance of US$103 million to US$110 million, and a clear path to non-IFRS profitability, marking a pivotal transition from investment to earnings generation."

YY Group's IFM subsidiary, Hong Ye Group, has been awarded a contract for high-level cleaning services with a major state-owned transportation authority in Singapore, commencing April 1. The contract's option to extend at the client's discretion brings the potential total value to more than SGD$5M, enhancing the stability and visibility of YY Group's recurring service revenues. Hong Ye Group will deliver specialized high-level cleaning services across a comprehensive network of elevated and underground rail stations, as well as multiple train depots.

YY Group announced that it has instructed its sales agents, Spartan Capital Securities and Wilson-Davis & Co., to pause the company's At-The-Market equity offering program, effective immediately. In connection with the pause, the company has directed the return and cancellation of 1,004,107 shares of common stock that were allocated to the sales agents but were not offered or sold into the market. Upon completion of the cancellation process, total shares of common stock outstanding will be reduced from 4,278,935 to 3,274,828. The company expects the cancellation to be completed on or around April 3. No further shares will be issued under the ATM program while the pause remains in effect. The ATM program provides for the sale of up to $20M in shares of common stock. The company retains the ability to reactivate the program in the future but has no current plans to do so.