Raffles Financial Group Shareholders Update, March 16th, 2026
MWN-AI** Summary
On March 16, 2026, Raffles Financial Group Limited (CSE: RICH) announced the successful completion of its audit for the financial year ending June 30, 2025 (FY2025), conducted by HML PLT. The audit revealed an unqualified opinion, marking a significant turnaround for the company, which faced various economic and regulatory challenges in recent years.
Raffles Financial Group reported a total comprehensive income of S$10.14 million for FY2025. This figure incorporates a net income of S$95,938, along with an unrealized gain of S$10.90 million on investments and a foreign currency translation loss of S$0.85 million. The company's balance sheet reflects strong liquidity, with net current assets exceeding S$47.3 million and net assets of S$46.4 million. The majority of these net assets are comprised of financial assets valued at fair value through other comprehensive income (FVOCI), providing a solid foundation for future growth.
Following the audit's completion, Raffles Financial Group is set to resume trading of its shares on both the Canadian Securities Exchange (CSE) and the OTCQX, a critical step toward restoring market activity and liquidity for shareholders. The Board expressed gratitude to all stakeholders for their patience and support, emphasizing that this achievement underscores the company's resilience and readiness to leverage its substantial current assets to advance its fintech initiatives.
In summary, Raffles Financial Group's positive financial results signal a promising future as the company gears up for trading resumption and aims to enhance its operations in the supply chain fintech sector. The management is optimistic about leveraging its robust liquidity position to drive growth.
MWN-AI** Analysis
Raffles Financial Group Limited (CSE: RICH) recently announced key developments in its financial performance and trading status that warrant close attention from investors. With the completion of its audit for FY2025 and a reported total comprehensive income of S$10.14 million, RFG is signaling a robust recovery from its prior challenges, which include navigating a complex global economic landscape.
The company’s financials display a constructive trajectory, particularly the net income of S$95,938, augmented by substantial unrealized investment gains of S$10.90 million. This shift in profitability, coupled with net current assets exceeding S$47.3 million, presents a strong liquidity position that is crucial for expanding fintech initiatives. Such assets are pivotal as Raffles Financial gears up to resume trading on the Canadian Securities Exchange and the OTCQX, which could enhance liquidity and bolster investor confidence.
Investors should consider the significance of RFG’s unqualified audit opinion, indicating robust corporate governance and financial transparency, which are critical for long-term investment considerations. As the company endeavors to leverage its S$47 million in current assets for fintech expansions, stakeholders may see potential growth as RFG re-enters the market.
While the past years have been challenging, the Board's acknowledgment of stakeholder patience and commitment suggests a renewed focus on growth and profitability. It may be prudent for investors to monitor the upcoming trading resumption closely, as it presents both risks and opportunities. The potential return to regular market activity could entice new investments and support further share price appreciation. Strategic entry or scaling in holdings in ROG could be favorable depending on market response and further emerging announcements.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Completion of the audit for the financial year ended June 30, 2025 and plans for Trading Resumption
Singapore, Singapore--(Newsfile Corp. - March 16, 2026) - Raffles Financial Group Limited (CSE: RICH) (the "Company" or "RFG") is pleased to announce that our Auditor HML PLT has completed and issued the audit report for the outstanding financial year ended June 30, 2025 ("FY2025") to the Board. The audit report contains an unqualified audit opinion.
Key Financial Performance and Stability
Despite the significant challenges posed by a complex global economic and regulatory environment, the Company has achieved a milestone turnaround. For the financial year ended June 30, 2025, Raffles Financial Group is proud to report a total comprehensive income of S$10.14 million.
Key highlights from the audited accounts
- Total Comprehensive Income: The Company recorded a net income of S$95,938, incorporated with a substantial unrealized gain on investments of S$10.90 million and foreign currency translation loss of S$0.85 million, resulting in a total comprehensive income of S$10.14 million for FY2025.
- Strong Liquidity Position: As of June 30, 2025, the Company maintains a robust balance sheet with net current assets exceeding S$47.3 million and net assets of S$46.4 million. The net assets comprised primarily of financial assets measured at fair value through other comprehensive income ("FVOCI"). This strong liquidity position provides a solid foundation for the Company to resume and expand its supply chain fintech services.
Resumption of Trading
With the completion of the audit for FY2025, the Company will immediately proceed with applications to the Canadian Securities Exchange (CSE) and the OTCQX for the resumption of trading of its common shares. This step marks a critical move toward restoring regular market activity and providing liquidity for our shareholders.
Commitment to Stakeholders
The Board of Directors and Management wish to express their deepest gratitude to all shareholders and stakeholders.
"The past years have been undeniably difficult as we navigated various corporate and regulatory hurdles," said the Board of Directors. "We sincerely thank our investors for their unwavering patience and support during this period. The successful completion of this audit and our return to a positive comprehensive income position reflect the resilience of Raffles Financial Group. We are now focused on leveraging our S$47 million+ in current assets to drive our fintech initiatives forward."
About Raffles Financial Group Limited (CSE: RICH) Raffles Financial Group is listed on the Canadian Securities Exchange Purchasable under the stock symbol (CSE: RICH).
On behalf of the RFG Board of Directors
Monita Faris
Corporate Secretary
Phone: +1 604-283-6110
Email: monita@rafflesfinancial.co
Website: www.RafflesFinancial.co
The CSE has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the Canadian Securities Purchase nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Purchase) accepts responsibility for the adequacy or accuracy of this release. Certain statements contained in this release may constitute "forward-looking statements'' or "forward-looking information" (collectively "forward-looking information") as those terms are used in Canadian securities laws. These statements relate to future events or future performance. The use of any of the words ``could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288677
FAQ**
How does Raffles Financial Group Ltd RAFFF plan to utilize the strong liquidity position of over S$47 million in current assets to enhance its supply chain fintech services post-audit completion?
What specific steps will Raffles Financial Group Ltd RAFFF take to ensure a smooth resumption of trading on the Canadian Securities Exchange and OTCQX after the FY20audit?
Can Raffles Financial Group Ltd RAFFF provide further insights into the factors contributing to the substantial unrealized gain on investments that boosted its total comprehensive income for FY2025?
How does Raffles Financial Group Ltd RAFFF intend to address potential regulatory challenges as it resumes trading and expands its operations following the completion of the audit?
**MWN-AI FAQ is based on asking OpenAI questions about Raffles Financial Group Limited (CNQC: RICH:CC).
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