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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2026
Mobile-health Network Solutions
2 Venture Drive, #07-08 Vision Exchange
Singapore 608526
+65 6222 5223
(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form 40-F ☐
Mobile-health Network Solutions Announces Unaudited Interim 2026 Financial Results
Mobile-health Network Solutions (the “Company”) (Nasdaq: MNDR), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, today announced its unaudited financial results for the six months ended December 31, 2025. A copy of the press release relating to the above matter is set forth in Exhibit 99.1, which is being furnished herewith.
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Mobile-health Network Solutions and Its Subsidiaries
Condensed Consolidated Balance Sheets
| December 31, 2025 |
June 30, 2025 |
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| US$ | US$ | |||||||
| (Unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | 3,479,487 | 1,034,103 | ||||||
| Accounts receivable, net | 117,031 | 108,999 | ||||||
| Inventories, net | 113,602 | 103,914 | ||||||
| Other current assets | 2,520,748 | 377,291 | ||||||
| Amount due from related parties | 236,972 | 159,424 | ||||||
| Total current assets | 6,467,840 | 1,783,731 | ||||||
| Non-current assets | ||||||||
| Property and equipment, net | 90,279 | 138,421 | ||||||
| Intangible assets, net | 3,212,725 | 2,360,937 | ||||||
| Operating leases right-of-use assets | 116,361 | 164,861 | ||||||
| Total non-current assets | 3,419,365 | 2,664,219 | ||||||
| TOTAL ASSETS | 9,887,205 | 4,447,950 | ||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| Current liabilities | ||||||||
| Accounts payable | 988,425 | 870,849 | ||||||
| Accruals and other payables | 357,174 | 563,530 | ||||||
| Amount due to officers | 7,565 | 798 | ||||||
| Amount due to related parties | 91,959 | 86,186 | ||||||
| Operating lease liabilities, current | 87,797 | 168,948 | ||||||
| Total current liabilities | 1,532,920 | 1,690,311 | ||||||
| Non-current liabilities | ||||||||
| Amount due to officers | - | 140,862 | ||||||
| Operating lease liabilities | 27,666 | - | ||||||
| Total non-current liabilities | 27,666 | 140,862 | ||||||
| TOTAL LIABILITIES | 1,560,586 | 1,831,173 | ||||||
| COMMITMENTS AND CONTINGENCIES | ||||||||
| SHAREHOLDERS’ EQUITY | ||||||||
| Ordinary shares, Class A, US$0.00016 par value, 156,250,000 shares authorized, 3,186,999 shares issued and outstanding as of December 31, 2025; US$0.00016 par value, 156,250,000 shares authorized, 749,022 shares issued and outstanding as of June 30, 2025* | 510 | 120 | ||||||
| Ordinary shares, Class B, US$0.00016 par value, 156,250,000 shares authorized, 291,888 shares issued and outstanding as of December 31, 2025 and as of June 30, 2025* | 47 | 47 | ||||||
| Additional paid-in capital | 36,786,799 | 30,164,959 | ||||||
| Accumulated deficit | (28,998,016 | ) | (28,139,599 | ) | ||||
| Accumulated other comprehensive income | 537,279 | 519,250 | ||||||
| Total shareholders’ equity | 8,326,619 | 2,616,777 | ||||||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 9,887,205 | 4,447,950 | ||||||
* Retroactively restated to give effect to a share consolidation at a ratio of 1:5 ordinary shares effective on September 25, 2025.
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Mobile-health Network Solutions and Subsidiaries
Unaudited Condensed Consolidated Statements of Operations and other Comprehensive Loss
| For the Six Months Ended December, 31 |
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| 2025 | 2024 | |||||||
| US$ | US$ | |||||||
| Revenue | 3,948,768 | 4,275,874 | ||||||
| Cost | (3,153,465 | ) | (3,640,935 | ) | ||||
| Gross profit | 795,303 | 634,939 | ||||||
| Operating expenses: | ||||||||
| Salaries and benefits | (507,729 | ) | (1,200,234 | ) | ||||
| Share-based compensation | (30,443 | ) | - | |||||
| Depreciation and amortization | (126,224 | ) | (67,051 | ) | ||||
| Selling, general and administrative | (1,008,194 | ) | (1,117,271 | ) | ||||
| Total operating expenses | (1,672,590 | ) | (2,384,556 | ) | ||||
| Other income: | ||||||||
| Other income, net | 18,870 | 93,737 | ||||||
| Total other income, net | 18,870 | 93,737 | ||||||
| Loss before income tax expense | (858,417 | ) | (1,655,880 | ) | ||||
| Income tax expense | - | - | ||||||
| Net loss | (858,417 | ) | (1,655,880 | ) | ||||
| Other comprehensive income: | ||||||||
| Foreign currency translation, net of income tax | (53,971 | ) | 60,242 | |||||
| Comprehensive loss | (912,388 | ) | (1,595,638 | ) | ||||
| Net loss per share* | ||||||||
| Basic and diluted | (0.51 | ) | (1.92 | ) | ||||
| Weighted average number of ordinary shares* | ||||||||
| Basic and diluted | 1,679,782 | 862,293 | ||||||
* Retroactively restated to give effect to a share consolidation at a ratio of 1:5 ordinary shares effective on September 25, 2025.
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Safe Harbor Statements
This filing contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to execute our strategies, manage growth and maintain our corporate culture; the Company’s future business development, financial conditions and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; the growth of the telehealth solutions industry in Singapore and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Singapore and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing, other factors beyond our control and other risks contained in reports filed by the Company with the SEC. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this report and in the attachments is as of the date of this report, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Mobile-health Network Solutions | ||
| Date: March 12, 2026 | By: | /s/ Siaw Tung Yeng |
| Name: | Siaw Tung Yeng | |
| Title: | Co-Chief Executive Officer | |
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EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | Mobile-health Network Solutions Announces H1 FY2026 Results |
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Exhibit 99.1
Mobile-health Network Solutions Reports Improved Gross Margin and Cash Position, Reduced Operating Expenses, in H1 FY2026
SINGAPORE, March 12, 2026 — Mobile-health Network Solutions (Nasdaq: MNDR) (“MNDR” or “the Company”), a leading AI HealthTech platform, today announced that, for the first six months of fiscal 2026 ended December 31, 2025, the Company achieved significant improvements in its gross margin and cash position while slashing its total operating expenses and net loss.
Gross margin for the first half of fiscal 2026 was 20.1 percent, compared with 14.8 percent for the first half of fiscal 2025. This improvement was mainly the result of a 13.4 percent reduction in cost of revenue, which led to a 25.3 percent increase in gross profit compared to the first half of fiscal 2025.
Net cash and cash equivalents at December 31, 2025, rose to $3.48 million, compared with $1.03 million at June 30, 2025. This increase, driven by operational efficiency gains and fundraising, is expected to help facilitate continued investment in AI and selective growth initiatives.
Total operating expenses for 1H FY 2026 were $1.67 million, a 29.9 percent reduction compared with $2.38 million in the year-ago period. This improvement was primarily driven by the accelerated deployment of AI-enabled scheduling, predictive maintenance, and automated administrative workflows, which reduced salaries and benefits and other operating costs.
The Company’s net loss for the first six months of fiscal 2026 was $0.86 million, a 48.2 percent decrease from the net loss of $1.66 million sustained in the first half of fiscal 2025. This improvement was mainly due to the Company’s reduction in total operating expenses.
“We are excited about the progress we have made in the first half of fiscal 2026,” said the Chief Executive Officer, Dr. Siaw Tung Yeng, “By embedding AI into our core operations, we have achieved significant savings and better operating results while preserving the quality of our services.”
Going forward, said Dr. Siaw, the Company’s strategic priorities will include:
| ● | Continue AI deployment. Expand predictive maintenance, intelligent rostering, automated documentation, and analytics across additional contracts to drive further cost savings; |
| ● | Protect and improve service quality. Combine automation with targeted employee upskilling to deliver higher-value service to customers; |
| ● | Maintain disciplined capital management. Preserve liquidity while prioritizing high-ROI AI projects and scalable SaaS initiatives; and |
| ● | Reinvest selectively. Allocate a portion of the cost savings to sales expansion, product enhancements, and adoption of Otter.SG, an AI-native Clinic Operating System, unifying clinical, operational, and financial workflows and helping accelerate the Company’s transition to an asset-light, software-enabled model. |
Financial snapshot (six months ended December 31, 2025; unaudited)
| ● | Revenue: US$3,948,768 | |
| ● | Gross profit: US$795,303 | |
| ● | Total operating expenses: US$1,672,590 | |
| ● | Net loss: US$858,417 | |
| ● | Cash and cash equivalents: US$3,479,487 | |
| ● | Net tangible assets (NTA): US$8,326,619 | |
| ● | NTA per share: US$2.39 (rounded) |
About Mobile-health Network Solutions
Mobile-health Network Solutions is a leading AI-powered digital health platform headquartered in Singapore, with operations across Southeast Asia and expanding into the US. The company provides telemedicine, AI-driven health tools, and virtual clinic infrastructure to empower patients and doctors worldwide. Its mission is to make healthcare accessible, intelligent, and human - through technology. For more information, please visit our website.
Forward-Looking Statements
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to financial and business prospects, anticipated benefits of the Company’s transition to an asset-light platform, the Company’s goals and future activity, including continued development of proprietary technologies, strategic partnerships, and its capital initiatives. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s ability to execute our strategies, manage growth and maintain our corporate culture; the Company’s future business development, financial conditions and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; the growth of the telehealth solutions industry in Singapore and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Singapore and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Mobile-health Network Solutions specifically disclaims any obligation to update any forward-looking statement, whether because of new information, future events or otherwise, except as required by law.
For media inquiries, please contact:
Mobile-health Network Solutions Investor Relations Contact:
2 Venture Drive, #07-08 Vision Exchange
Singapore 608526
(+65) 6222 5223
Email: investors@manadr.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: ir@skylineccg.com