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6-K 1 form6-k.htm 6-K

 

 

 

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 July, 2025

 

Commission File Number: 001-42703

 

 

 

ENIGMATIG LIMITED

(Exact name of registrant as specified in its charter)

 

 

 

c/o 16 Raffles Quay, #30-01, Hong Leong Building, Singapore, 048581

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release Announcing First Half of Fiscal Year 2025 Unaudited Financial Results

 

 

 

SIGNATURE

 

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.

 

  ENIGMATIG LIMITED
     
Date: July 22, 2025 By: /s/ Foo Chee Weng Desmond
  Name: Foo Chee Weng Desmond
  Title: Director, Chairman and Chief Executive Officer

 

 

EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

Enigmatig Limited Announces First Six Months of Fiscal Year 2025 Unaudited Financial Results

 

Corporate services income increased significantly by 112.1% YoY to US$2.9M on new client momentum

 

Net profit reached US$1.2M, reflecting a return to profitability

 

Singapore, July 22, 2025 (Globe Newswire) – Enigmatig Limited (NYSE American: EGG) (“Enigmatig” or the “Company”), an international consultancy firm providing one-stop cross-border licensing solutions and related services, today announced its unaudited financial results for the first six months of fiscal year 2025, ended March 31, 2025.

 

First Six Months of Fiscal Year 2025 Financial Highlights

 

  Total corporate services income increased by 112.1% to US$2.9 million for the six months ended March 31, 2025, compared with US$1.4 million in the same period of fiscal year 2024.
  Cost of sales remained stable at US$0.7 million for the six months ended March 31, 2025, compared with US$0.6 million in the same period of fiscal year 2024.
  Gross profit increased by 192.1% to US$2.2 million for the six months ended March 31, 2025, compared with US$0.7 million in the same period of fiscal year 2024.
  Profit from operations was US$1.2 million for the six months ended March 31, 2025, marking a significant turnaround from a loss of US$0.2 million in the same period of fiscal year 2024.
  Net profit was US$1.2 million for the six months ended March 31, 2025, marking a significant turnaround from a net loss of US$0.1 million in the same period of fiscal year 2024.

 

Business Updates

 

  In June 2025, the Company completed its initial public offering on the NYSE American, raising gross proceeds of approximately US$15.0 million, including proceeds from the partial exercise of the underwriters’ over-allotment option.
  As of March 31, 2025, the Company has established a presence across key international markets, with four offices located in Singapore, Hong Kong, Shanghai, and London, as well as a representative desk in Bangkok. These locations support the Company’s global operations and enhance its ability to serve a diverse and growing client base.
  During the six months ended March 31, 2025, the Company consistently expanded its client roster for regtech services (“RegTech”), including KYC, AML and transaction monitoring functions, which are integrated into the Company’s proprietary CRM platform. As of March 31, 2025, the Company had completed onboarding for five RegTech services clients, following the initial rollout of these services in late 2024. The Company is actively marketing its RegTech offerings to both new and existing clients, positioning RegTech as a strategic growth pillar for the future.

 

Desmond Foo, Founder and CEO of Enigmatig, commented, “We are incredibly encouraged by our performance in the first half of fiscal 2025, particularly as we navigated a dynamic and fast-evolving business environment. Our successful listing on the NYSE American in June marked a pivotal milestone, not just in terms of capital markets access, but as a strong reaffirmation of Enigmatig’s long-term vision for bold, global expansion. With this solid foundation, we are advancing our strategic priorities with clarity and conviction: expanding our international footprint, deepening our value proposition through innovation and technology, pursuing selective M&A opportunities, and investing in global talent to better serve our diverse, growing client base.”

 

Mingwen Teo, the Company’s Director and CFO, added, “We delivered a strong financial performance in the first six months of fiscal 2025, with revenue more than doubling year-on-year and profitability significantly improving across all key metrics. Our operating leverage is beginning to materialize, as demonstrated by gross margin expansion driven by more efficient absorption of fixed costs over a larger revenue base. Following our IPO, we also strengthened our capital position, providing the financial flexibility to invest in future growth, accelerate development of our technology platforms, and create long-term value for our shareholders.”

 

 

 

First Six Months of Fiscal Year 2025 Financial Results

 

Corporate Services Income

 

Corporate services income grew by 112.1% year-on-year to US$2.9 million for the six months ended March 31, 2025, up from US$1.4 million in the same period of fiscal year 2024. The increase was driven by strong momentum in both license application and renewal services and corporate secretarial and other services.

 

The table below sets forth the breakdown of our corporate services income for the periods indicated:

 

    For the Six Months Ended March 31,  
    2024     2025  
    US$     %     US$     %  
Corporate services income:                                
License application and renewal services     441,118       32.3 %     1,138,271       39.3 %
Corporate secretarial and other services     926,227       67.7 %     1,761,745       60.7 %
Total     1,367,345       100.0       2,900,016       100.0  

 

  License application and renewal services. Income from license application and renewal services increased by 158.0% to US$1.1 million, compared to US$0.4 in the prior-year period. The growth was primarily driven by a higher number of projects, supported by an expanding client base.
  Corporate secretarial and other services. Income from corporate secretarial and other services rose by 90.2% to US$1.8 million from US$0.9 million in the same period of fiscal year 2024. This was mainly attributable to increased new client engagements, particularly from larger accounts with higher average revenue contributions.

 

Cost of Sales

 

Cost of sales was US$0.7 million for the six months ended March 31, 2025, compared to US$0.6 million in the same period of fiscal year 2024. The Company’s cost of sales primarily comprises staff costs, license application and renewal services costs, and corporate secretarial and related services costs. While total costs increased year-over-year, the Company benefited from economies of scale, with fixed costs more efficiently absorbed across a larger revenue base.

 

Gross Profit

 

Gross profit jumped by 192.1% to US$2.2 million from US$0.7 million in the prior-year period. Gross margin for the first half of fiscal year 2025 expanded significantly to 74.8%, compared to 54.3% in the same period of fiscal year 2024, reflecting improved operating leverage and enhanced service efficiency.

 

Operating Expenses

 

Operating expenses totaled US$0.9 million, in line with US$0.9 million in the same period of fiscal year 2024, despite the inclusion of the professional service fees associated with the Company’s initial public offering.

 

Profit from Operations

 

Profit from operations reached US$1.2 million, a substantial turnaround from an operating loss of US$0.2 million in the corresponding period of fiscal year 2024.

 

Other Income

 

Other income totaled US$0.2 million, compared to US$0.02 million in the prior-year period. The increase was primarily driven by one-off income of US$0.1 million and unrealized foreign exchange gains of US$0.06 million.

 

Net Profit

 

The Company reported net profit of US$1.2 million for the six months ended March 31, 2025, marking a return to profitability from a net loss of US$0.1 million in the same period of fiscal year 2024.

 

Cash and Cash Equivalents

 

As of March 31, 2025, the Company had cash and cash equivalents of US$3.4 million, compared with US$1.6 million as of September 30, 2024, strengthening its financial position following its successful IPO.

 

 

 

About Enigmatig Limited

 

Enigmatig is an international business enabler dedicated to helping small and medium-sized enterprises (SMEs) achieve their international ambitions. Since 2010, we have connected businesses with the expertise, infrastructure, and regulatory support needed to succeed in cross-border markets.

 

With deep capabilities in FX brokerage consultancy, licensing, RegTech, FinTech, and corporate services, Enigmatig delivers tailored solutions across the full business lifecycle – from company incorporation to ongoing compliance. Our experienced team specializes in navigating complex regulatory environments across global financial hubs and key offshore centers, including London, Cyprus, and Belize

 

Headquartered in Singapore with a strategic presence in Hong Kong, Shanghai, London, and a representative desk in Bangkok, Enigmatig supports a diverse and growing international client base.

 

For more information, please visit: https://enigmatig.com

 

Safe Harbor Statement

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “aim,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “is/are likely to,” “potential,” “project” or “continue” or the negative of these terms or other comparable or similar terminology. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

 

For investor and media inquiries, please contact:

 

Enigmatig Investor Relations

Email: investors@enigmatig.com

 

 

 

ENIGMATIG LIMITED

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In U.S. dollars, except for share and per share data, or otherwise noted)

 

    As of  
    September 30, 2024     March 31, 2025  
             
ASSETS                
Current assets                
Cash and cash equivalents   $ 1,593,037     $ 3,375,833  
Accounts receivable, net     1,081,866       592,128  
Contract assets     528,342       85,416  
Other current assets     153,241       240,379  
Total current assets     3,356,486       4,293,756  
Non-current assets                
Property and equipment, net     731       217,503  
Right-of-use assets, net     104,911       845,235  
Deposits     21,549       181,192  
Total non-current assets     127,191       1,243,930  
Total assets   $ 3,483,677     $ 5,537,686  
                 
LIABILITIES                
Current liabilities                
Accounts payable   $ 327,992     $ 384,825  
Accrual and other liabilities     205,875       150,781  
Contract liabilities     1,048,934       972,490  
Operating lease liabilities, current     58,561       295,042  
Income taxes payable     28,230       281,207  
Total current liabilities     1,669,592       2,084,345  
Non-current liabilities                
Operating lease liabilities, non-current     33,557       538,001  
Total non-current liabilities     33,557       538,001  
Total liabilities   $ 1,703,149     $ 2,622,346  

 

 

 

ENIGMATIG LIMITED

UNAUDITED CONSOLIDATED BALANCE SHEETS

(In U.S. dollars, except for share and per share data, or otherwise noted)

 

    As of  
    September 30, 2024     March 31, 2025  
             
COMMITMENTS AND CONTINGENCIES                
                 
SHAREHOLDERS’ EQUITY                
Class A ordinary shares, US$0.000002 par value, 17,500,000,000 shares authorized, 9,250,000 issued and outstanding as of March 31, 2025 and September 30, 2024     19       19  
Class B ordinary shares, US$0.000002 par value, 7,500,000,000 shares authorized, 15,750,000 issued and outstanding as of March 31, 2025 and September 30, 2024     31       31  
Additional paid-in capital   $ 117,320     $ 117,320  
Retained earnings     1,519,286       2,752,846  
Accumulated other comprehensive (loss) income     143,872       45,125  
Total shareholders’ equity     1,780,528       2,915,345  
                 
Total liabilities and shareholders’ equity   $ 3,483,677     $ 5,437,686  

 

 

 

ENIGMATIG LIMITED

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(In U.S. dollars, except for share and per share data, or otherwise noted)

 

    For the Six Months Ended March 31,  
    2024     2025  
             
Corporate services income   $ 1,367,345     $ 2,900,016  
Cost of sales     (624,227 )     (729,724 )
Gross profit     743,118       2,170,292  
                 
Operating expenses:                
Payroll and employee benefits     (210,950 )     (217,665 )
Depreciation expenses     (2,954 )     (8,273 )
Operating lease expenses     (49,084 )     (38,662 )
Other operating expenses     (644,775 )     (659,126 )
Total operating expenses     (907,763 )     (923,726 )
Profit/(loss) from operations     (164,645 )     1,246,566  
                 
Other income:                
Other income, net     21,556       244,337  
Total other income     21,556       244,337  
                 
Profit/(loss) before tax expense     (143,089 )     1,490,903  
Income tax expense     -       (257,343 )
Net profit/(loss)     (143,089 )     1,233,560  
                 
Other comprehensive income:                
Foreign currency translation adjustment, net of income tax     58,265       (98,747 )
Total comprehensive income/(loss)   $ (84,824 )   $ 1,134,813  
                 
Net Income (loss) per share attributable to ordinary shareholders                
Basic and diluted     (0.01 )     0.05  
                 
Weighted average number of ordinary shares used in computing net income per share                
Basic and diluted     25,000,000       25,000,000