Heptamax (formerly Forise International) reported FY2025 revenue of SGD 307,000 (down 28.5%) and a net loss of SGD 1.204 million, with loss per share of 2.81 cents, according to its unaudited full-year results for the year ended 31 December 2025. Total expenses rose to SGD 1.524 million (up 26.6%), including professional fees of SGD 653,000 (up 23.8%) and employee compensation of SGD 426,000 (up 5.1%). Cash and cash equivalents were SGD 435,000 at 31 December 2025, while total assets were SGD 696,000 and total liabilities were SGD 717,000, leaving total equity at a deficit of SGD 21,000 and NAV per share at (0.04) cents. For 2H2025, revenue was SGD 234,000 (down 34.9%) and net loss was SGD 542,000, with professional fees of SGD 332,000 (up 21.8%). Management said the revenue decline reflected fewer new contracts in management consultancy and corporate advisory, partly mitigated at the full-year level by new contracts secured for its automation solution business. Heptamax also highlighted a September 2025 placement raising net proceeds of about SGD 650,000 (SGD 491,000 utilised as at the announcement date, SGD 159,000 balance) and a SGD 500,000 shareholder loan drawdown during FY2025 (carrying amount SGD 476,000 at year-end). Subsequent to year-end, it completed the disposal of subsidiary Prisma Technologies for consideration of SGD 5, following a sale and purchase agreement signed on 17 November 2025.

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