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Premium Catering (Holdings) Limited

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Premium Catering (Holdings) Limited • NASDAQ
$9.40 ▲ 0.00% (+0.00)
Market Cap $30.50 M
52w High $49.50
52w Low $5.11
Dividend Yield 0%
P/E -12.7
Volume 529.47K
Outstanding Shares 1.78M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $2.644M ▲ $11.513M ▲ $5.881M ▼ $5.631M ▲
Q4-2024 $34.237K ▼ $6.643M ▼ $8.097M ▲ $-1.454M ▼
Q2-2024 $116.787K ▼ $7.062M ▼ $7.505M ▼ $-443.306K ▼
Q4-2023 $117.527K $7.704M $7.691M $12.584K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement The business is operating at a very small scale with revenue that appears almost flat and negligible over the last few years. Profitability has deteriorated: the company moved from a small profit in 2022 to losses in 2023, and then to a much deeper loss in 2024. This pattern suggests that whatever core operations exist are not currently covering their costs. The trend of recurring losses is consistent with the auditor’s warning about doubt over the company’s ability to continue as a going concern.

Balance Sheet

Balance Sheet The balance sheet is extremely thin. Total assets are very small, cash on hand is essentially absent, and shareholders’ equity is close to zero. Debt has appeared and then fallen again, but at this scale even modest borrowing can be meaningful. Overall, the company does not seem to have much of a financial cushion to absorb setbacks or invest for growth, which heightens its vulnerability to any operational or regulatory shocks.

Cash Flow

Cash Flow Cash flows from operations appear to be around break-even or slightly negative, and there is no visible free cash flow generation. There is also no sign of meaningful investment spending in recent years. This combination hints at a business that is not currently generating surplus cash and also is not heavily reinvesting, either because it lacks resources or because activity levels are low. Sustaining the business may depend on external funding rather than self-financed growth.

Competitive Edge

Competitive Edge Premium Catering has a clear niche: Halal meals tailored to foreign construction workers in Singapore, supported by its smart incubator lockers for contactless, temperature-controlled delivery. This gives it a differentiated service in a specific, underserved segment and can create loyalty and some barriers to entry. However, the company’s tiny financial scale, recurring losses, going concern warning, and added uncertainty from regulatory scrutiny (including a trading suspension related to potential stock manipulation) all weaken its practical competitive position. Heavy dependence on one customer group and one country further concentrates its risk.

Innovation and R&D

Innovation and R&D The company’s standout innovation is its smart incubator system, which combines food service with a more modern, automated delivery method. This is a real differentiator and aligns well with demand for convenience, hygiene, and reliability. Management has also talked about upgrading IT systems and automating production, which in theory could improve efficiency. In practice, though, the current financial strain raises questions about how much of this innovation roadmap can be funded and executed. Innovation capability exists conceptually, but its future looks constrained by the company’s fragile finances.

Summary

Premium Catering is a very small, niche catering company with an interesting delivery concept and a focused target market, but it is under significant financial and regulatory stress. Revenues are tiny and flat, losses have widened, the balance sheet offers little buffer, and cash generation is weak, all consistent with the auditor’s serious doubts about its ability to continue operating over the long term. While the smart incubator technology and Halal worker-catering niche offer a clear point of differentiation, these strengths are overshadowed for now by financial fragility and elevated uncertainty about the company’s future path.