SINGAPORE: Media entertainment company NoonTalk Media on Monday (Oct 27) defended its business strategy after an independent auditor flagged concerns about its financial performance and ability to sustain operations.
NoonTalk Media, led former DJ Dasmond Koh, incurred a net loss of S$1.8 million (US$1.39 million) and net operating cash outflows of S$0.9 million for its 2025 financial year, which ended on Jun 30.
This is the third consecutive year that NoonTalk Media has failed to make a profit since listing in 2022.
Its accumulated losses had reached S$9.16 million as of Jun 30.
According to the auditor’s report on Oct 16, the financial numbers “indicate the existence of a material uncertainty that may cast significant doubt about the group’s ability to continue as a going concern”.
