Creative Technology Announces First Half Year Of FY2026 Financial Results

CREATIVE TECHNOLOGY LTD

FIRST HALF YEAR ENDED 31 DECEMBER 2025

FINANCIAL STATEMENTS AND DIVIDEND ANNOUNCEMENT

TABLE OF CONTENTS

Description

Page

CONDENSED INTERIM CONSOLIDATED INCOME STATEMENT

2

CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

3

CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION

4

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS

5

CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY

6

SELECTED NOTES TO THE CONDENSED INTERIM FINANCIAL STATEMENTS

8

OTHER INFORMATION

13

2025

US$'000

2024

US$'000

% change

+ / (-)

Sales, net

34,162

37,384

(9)

Cost of goods sold

(23,985)

(27,159)

(12)

Gross profit

10,177

10,225

(0)

Expenses:

Selling, general and administrative

(9,329)

(11,585)

(19)

Research and development

(2,368)

(4,985)

(52)

Total expenses

(11,697)

(16,570)

(29)

Interest income

179

221

(19)

Other income

7

7

-

Other gains, net

108

96

13

Interest expense on lease liabilities

(29)

(59)

(51)

Loss before income tax

(1,255)

(6,080)

(79)

Income tax credit (expense)

12

(21)

n.m.

Net loss

(1,243)

(6,101)

(80)

Attributable to:

Equity holders of the Company

(1,235)

(6,069)

(80)

Non-controlling interests

(8)

(32)

(75)

Loss per share attributable to

equity holders of the Company

- Basic (US$ per share)

(0.02)

(0.09)

(78)

- Diluted (US$ per share)

(0.02)

(0.09)

(78)

Net loss

Other comprehensive income (loss):

(1,243)

(6,101)

(80)

Items that will not be reclassified subsequently to profit or loss: Financial assets at fair value through other comprehensive income ("Financial assets at FVOCI"):

Fair value gain

126

139

(9)

Shareholders of the Company

(1,109)

(5,930)

(81)

Non-controlling interests

(8)

(32)

(75)

Total comprehensive loss for the period

(1,117)

(5,962)

(81)

31 December

30 June

31 December

30 June

2025

2025

2025

2025

US$'000

US$'000

US$'000

US$'000

ASSETS

Current assets:

Cash and cash equivalents

32,609

29,839

25,521

23,421

Trade receivables

5,422

4,829

20

9

Amounts due from subsidiaries

-

-

14,579

17,178

Inventories

12,400

16,490

-

8

Other current assets

1,735

1,306

638

183

52,166

52,464

40,758

40,799

Non-current assets:

Financial assets at fair value through profit or loss (FVPL) Financial assets at fair value through other comprehensive

439

355

-

-

income (FVOCI)

10,745

10,619

-

-

Amounts due from subsidiaries

-

-

4,189

9,355

Investments in subsidiaries

-

-

15,967

15,667

Property and equipment

33

47

12

23

Right-of-use assets (ROU)

2,506

934

2,317

827

Other non-current assets

31

34

-

-

13,754

11,989

22,485

25,872

Total assets

65,920

64,453

63,243

66,671

LIABILITIES

Current liabilities:

Trade payables

4,484

3,734

4

40

Amounts due to subsidiaries

-

-

81

5,148

Other creditors, accrued liabilities and provisions

9,731

8,873

2,826

2,662

Contract liabilities

53

101

-

-

Lease liabilities

568

945

458

863

Current income tax liabilities

-

1

-

-

14,836

13,654

3,369

8,713

Non-current liabilities:

Amounts due to subsidiaries

-

-

50,182

50,122

Lease liabilities

1,383

25

1,310

-

Deferred income tax liabilities

9,729

9,660

-

-

11,112

9,685

51,492

50,122

Total liabilities

25,948

23,339

54,861

58,835

NET ASSETS

39,972

41,114

8,382

7,836

EQUITY

Share capital

49,040

49,040

49,040

49,040

Treasury shares

(16,035)

(16,035)

(16,035)

(16,035)

Fair value reserve

2,978

2,852

-

-

Other reserves

42,429

42,454

30,082

30,107

Accumulated losses

(38,811)

(37,576)

(54,705)

(55,276)

39,601

40,735

8,382

7,836

Non-controlling interests

371

379

-

-

Total equity

39,972

41,114

8,382

7,836

2025

US$'000

2024

US$'000

Cash flows from operating activities:

Net loss

(1,243)

(6,101)

Adjustments for:

Income tax (credit) expense

(12)

21

Depreciation

518

703

Employee share-based expenses

(25)

292

Loss on property and equipment written-off

-

1

Fair value gain on financial assets at FVPL

(84)

(11)

Gain on disposal of financial assets at FVPL

(119)

-

Currency translation loss (gain)

333

(122)

Interest income

(179)

(221)

Interest expense on lease liabilities

29

59

(782)

(5,379)

Changes in working capital, net of effects from acquisition and

disposal of subsidiaries

Trade receivables

(593)

(1,985)

Inventories

4,090

2,840

Other assets and receivables

(328)

418

Trade payables

750

(3,200)

Accrued liabilities and provisions

575

280

Contract liabilities

(48)

-

Cash provided by (used in) operations

3,664

(7,026)

Interest received

200

240

Income tax refunded

70

14

Net cash provided by (used in) operating activities

3,934

(6,772)

Cash flows from investing activities:

Purchase of property and equipment

(10)

(20)

Purchase of financial assets at FVOCI

-

(1,403)

Net cash used in investing activities

(10)

(1,423)

Cash flows from financing activities:

Principal payment of lease liabilities

(799)

(856)

Interest paid on lease liabilities

(29)

(59)

Net cash used in financing activities

(828)

(915)

Net increase (decrease) in cash and cash equivalents

3,096

(9,110)

Cash and cash equivalents at beginning of financial year

29,839

42,122

Effects of currency translation on cash and cash equivalents

(326)

(88)

Cash and cash equivalents at end of the period

32,609

32,924