| Metric | Value ($ M) |
|---|---|
| Revenue | 0.74 |
| Total Income | 0.74 |
| Expenditure | 0.99 |
| PBT | -0.17 |
| Net Profit | -0.20 |
| OPM | -33.11% |
| NPM | -26.51% |
| EPS | — |
Bio Green Med Solution Reports Q1 2026 Product Revenue of $0.8 million
15 May 2026 · 15 May, 2:02 am
Summary
Bio Green Med Solution, Inc. announced its first quarter 2026 financial results, highlighting product revenue of $0.8 million following the acquisition of Fitters Sdn. Bhd. General and administrative expenses decreased by $3.8 million compared to the prior-year quarter. The company reported a net loss of $0.2 million for the quarter. As of March 31, 2026, cash and cash equivalents totaled $3.3 million, and the company estimates its current resources will fund planned expenditures into the fourth quarter of 2026.
Key Highlights
- 1
Bio Green Med Solution reported product revenue of $0.8 million for the three months ended March 31, 2026, following the acquisition of Fitters Sdn. Bhd.
- 2
General and administrative expenses decreased by approximately $3.8 million, from $4.2 million in Q1 2025 to $0.4 million in Q1 2026.
- 3
The company reported a net loss of $0.2 million for the three months ended March 31, 2026.
- 4
Cash and cash equivalents totaled $3.3 million as of March 31, 2026, compared to $3.5 million as of December 31, 2025.
- 5
Net cash used in operating activities was $0.3 million for the three months ended March 31, 2026.
- 6
The company estimates that its current cash resources will fund planned expenditures into the fourth quarter of 2026.
Management Comments
Datuk Dr. Doris Wong Sing Ee
We are pleased to report our first quarter 2026 results, which reflect meaningful progress in our strategic transformation. Since completing the acquisition of Fitters Sdn. Bhd. in September 2025, we have successfully transitioned our operations to focus on fire safety protection and distribution, and we are encouraged by the early momentum in this business, which generated $0.8 million in product revenue during the quarter. Our team has also made significant strides in strengthening our cost structure. General and administrative expenses declined by approximately $3.8 million compared to the prior-year quarter, reflecting both the normalization of costs following the changes of control in 2025 and the disciplined approach of our current management team. We believe this leaner operating profile positions BGMS well as we scale our fire safety operations. While we reported a modest net loss of $0.2 million for the quarter, we remain confident in our path forward. With $3.3 million in cash and cash equivalents on hand, we estimate that our current resources will fund planned expenditures into the fourth quarter of 2026. We remain focused on executing our growth strategy, expanding our fire safety product and service offerings, and driving long-term value creation for our shareholders.
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