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Fast Track Group (NASDAQ: FTRK) revenue surges with 40% gross margin

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Form Type
6-K

Rhea-AI Filing Summary

Fast Track Group reported a sharp turnaround in activity for the six months ended August 31, 2025. Total revenue rose to $937,354, up from $24,380 in the same period last year, driven by larger, multi-phase celebrity-led brand activation campaigns across Southeast Asia. Gross profit increased to $376,024, lifting gross margin to 40% from 2% a year earlier as the company shifted toward higher-margin services.

Total operating expenses climbed to $1.9 million from $207,785, mainly due to team expansion and one-off professional fees tied to its public listing. As a result, Fast Track recorded a net loss of about $1.5 million, compared with a $215,634 loss a year earlier. The company ended the period with roughly $6.5 million in cash and highlighted plans to pursue larger clients, strategic partnerships, and potential M&A to support long-term growth.

Positive

  • Revenue growth and margin expansion: Total revenue rose to $937,354 from $24,380, and gross margin improved to 40% from 2%, showing much stronger unit economics.
  • Healthy liquidity: Cash and cash equivalents were about $6.5 million as of August 31, 2025, providing a financial cushion while the business scales.

Negative

  • Wider net loss: Net loss increased to approximately $1.5 million from $215,634 despite higher revenue, driven by much higher operating expenses including IPO-related costs.

Insights

Fast Track shows strong revenue and margin gains but higher costs keep it loss-making.

Fast Track Group delivered a major step-up in scale for the six months ended August 31, 2025. Revenue increased to $937,354 from $24,380, reflecting new multi-phase brand activation campaigns and a stronger celebrity agency model. Gross profit rose to $376,024, and gross margin expanded to 40% from 2%, indicating that the new mix of services carries structurally higher profitability.

The flip side is a significant rise in operating expenses to $1.9 million from $207,785, largely attributed to team expansion and one-off IPO-related professional fees. That pushed the net loss to about $1.5 million, versus a $215,634 loss a year earlier, even as cash and equivalents remained around $6.5 million as of August 31, 2025. Management emphasizes disciplined cost control and hints at future growth via larger clients, strategic partnerships, and potential M&A, while acknowledging that some recent costs should not recur at the same level.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of January, 2026

 

Commission File Number: 001-42426

 

Fast Track Group

(Registrant’s Name)

 

600 North Bridge Road, Parkview Square #24-01

Singapore 188778

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 

 

 

When used in this Form 6-K, unless otherwise indicated, the terms “the Company,” “Fast Track Group,” “we,” “us” and “our” refer to Fast Track Group and its subsidiaries.

 

Financial Statements and Exhibits.

 

The following exhibits are being filed herewith:

 

Exhibit No.   Description
99.1   Fast Track Group Reports Unaudited Financial Results For the Six Months Ended August 31, 2025
99.2   Fast Track Group Unaudited Financial Results For the Six Months Ended August 31, 2025

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Fast Track Group
     
Date: January 13, 2026 By: /s/ Lim Sin Foo, Harris
  Name: Lim Sin Foo, Harris
  Title: Chief Executive Officer and Director

 

 

 

 

Exhibit 99.1

 

FAST TRACK GROUP Reports Unaudited Financial and Operational Results For the Six Months Ended August 31, 2025

 

SINGAPORE, January 13, 2026 – FAST TRACK GROUP (NASDAQ: FTRK) (“Fast Track” or the “Company”), a leading entertainment-focused event management and celebrity agency company, announced its unaudited financial and operational results for the six months ended August 31, 2025, and issued a letter by the CEO to its shareholders highlighting recent operational highlights and the future business outlook for 2026.

 

Management Commentary - Chief Executive Officer Harris Lim

 

Dear Valued Shareholders,

 

Thank you for your continued support. This past year, we delivered strong operational and financial results, reflecting consistent execution against our business plan and prudent resource management in a challenging market. Importantly, we have commenced several outstanding initiatives that we believe will yield immense value for our business, both internally and externally with prospective clients, and partners. Our management team remains laser focused on disciplined operations, cost control, and selectively pursuing initiatives that strengthen Fast Track’s position and support sustainable, long-term value creation.

 

2025 Reflection

 

Looking back at 2025, we made several important enhancements to the company’s business model, with a clear focus on strengthening its celebrity agency business. This strategic shift has allowed us to position ourselves as a value-added partner to both clients and celebrity partners. By expanding our capabilities and leveraging our experience in live entertainment, we have broadened our service offerings and increased the reach and impact of brand activation campaigns. Our dedicated celebrity team, working closely with our business development arm, has expanded our network of celebrity partners and management companies while aligning expectations across all parties. This collaborative approach has enabled projects that previously may not have proceeded, creating meaningful value for clients and partners.

 

These changes translated into tangible commercial successes. In 2025, we executed large-scale, multi-phase brand activation campaigns across Southeast Asia, demonstrating the effectiveness of our strategy. Highlights include a three-part campaign for Serba Wangi, which paired high-profile South Korean talent with targeted product launches to engage younger audiences, and a brand activation for Dongfeng Singapore’s new electric vehicle, the Dongfeng 007, featuring Korean-American celebrity Jessica Jung. These projects reflect our ability to match the right celebrity partners to client objectives and deliver impactful engagement across the region.

 

In addition, our strategic partnership with CloudX Entertainment expanded our capabilities to integrate influencer and content creator campaigns alongside traditional celebrity activations. This hybrid approach gives clients the option to combine broad celebrity-driven awareness with sustained influencer-led engagement, reinforcing our position as a comprehensive solutions provider and opening additional avenues for brand impact. We have found this model to be efficient and effective and will look to replicate similar style deals with other partners.

 

 

 

 

As a result of these efforts, the company generated revenue of $937,354 for the six-month period from March to August 2025, a significant increase compared to the same period in the prior year. Gross profit margins also improved significantly to approximately 40%, compared with historical levels of 12%–20%. We expect full-year gross profit margins to exceed prior years, reflecting the benefits of our strategic focus, disciplined execution, and the scalability of our celebrity and brand activation services.

 

These accomplishments demonstrate that the changes we implemented deliver measurable results. They underscore the strength and resilience of our enhanced business model, which positions the company to continue creating value and driving sustainable growth across Southeast Asia.

 

2026 Outlook

 

Looking ahead, management remains focused on driving growth and strengthening operational resilience, building the company methodically and responsibly to succeed over the long term in a dynamic market. A number of initiatives are in the pipeline that we expect will accelerate our expansion efforts, reflecting the results of our business development tactics and the relationships we have been cultivating. In particular, we are increasingly positioning the company to engage larger, high-profile clients, leveraging our enhanced capabilities and proven track record in successful brand activations. Fast Track continues to serve a niche segment of APAC celebrities in supporting their global brand growth, and we look forward to bringing these opportunities to fruition and sharing them with the broader public. In parallel, we will continue to refine our corporate brand and ethos to clearly communicate our value proposition to clients and partners.

 

Given the vast ecosystem in which we operate, we continue to explore strategic partnerships including formal alliances and potential M&A that could broaden our presence within the evolving entertainment landscape. These initiatives, currently at a preliminary stage, are intended to complement our core strengths and support long-term shareholder value. We will provide updates as appropriate as these opportunities progress.

 

We truly appreciate the continued support of our investors and partners as we enter the next phase of our journey. Together, we are strengthening the foundation of the company and positioning it to operate successfully. Thank you for your confidence in our leadership and strategic direction. We remain focused on disciplined execution and long-term value creation for all stakeholders.

 

Sincerely,

Harris Lim

Chief Executive Officer and Director

 

Unaudited Financial Results For the Six Months Ended August 31, 2025

 

Total Revenues significantly increased to $937,354 for the six months ended August 31, 2025 compared to $24,380 in the same period last year. The increase was primarily due to strategic enhancements to our celebrity agency business, which expanded our service offerings, strengthened client and celebrity partnerships, and enabled larger, multi-phase brand activation campaigns across the region.

 

Cost of Revenue increased to $561,330 for the six months ended August 31, 2025 compared to $23,782 in the same period last year. The increase was primarily due to higher expenses associated with executing large-scale, multi-phase brand activation campaigns and expanding our celebrity and influencer partnerships.

 

 

 

 

Gross Profit significantly increased to $376,024 (gross margin of 40%) for the six months ended August 31, 2025 compared to $598 (gross margin of 2%) in the same period last year. The increase was primarily due to an expanded service offering with higher-margin services, compared to the predominantly agency-based services provided in the prior period.

 

Total Operating Expenses increased to $1.9 million for the six months ended August 31, 2025 compared to $207,785 in the same period last year. The increase was primarily due to investments in team expansion to support client relationships and brand positioning, as well as one-off professional fees related to the Company’s transition to a public listing. These IPO-related costs do not reflect the ongoing cost structure. Management remains focused on disciplined execution, cost control, and maintaining strong governance and compliance as the business scales.

 

Net Loss was approximately $1.5 million for the six months ended August 31, 2025 compared to a loss of $215,634 in the same period last year.

 

As of August 31, 2025, cash and cash equivalents were approximately $6.5 million.

 

For more information regarding Fast Track’s financial results, including financial tables, please see the company’s Form 6-K, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 13, 2026. The Company’s SEC filings can be found on the SEC’s website at https://www.sec.gov/ or the Company’s investor relations site at https://www.fastrack-group.com/investor-relations.

 

About FAST TRACK GROUP

 

FAST TRACK GROUP is a leading entertainment-focused event management and celebrity agency company. Since inception in Singapore in 2012, the Company has expanded across Asia Pacific, earning a reputation for being the preferred partner for event and endorsement organizers in the region. FAST TRACK GROUP goes beyond traditional event management, offering value-added services such as technical production planning, celebrity sourcing, celebrity engagement consultancy and event manpower support, all tailored to the highest standards.

 

Cautionary Note Regarding Forward-Looking Statements

 

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports it files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

 

Investor Relations

Gateway Group, Inc.

949-574-3860

FTRK@gateway-grp.com

 

 

 

FAQ

What revenue did Fast Track Group (FTRK) report for the six months ended August 31, 2025?

Fast Track Group reported total revenue of $937,354 for the six months ended August 31, 2025, compared with $24,380 in the same period last year.

How did Fast Track Group7s profitability change in this six-month period?

Gross profit increased to $376,024 with a 40% gross margin, up from $598 and a 2% gross margin a year earlier, reflecting a shift toward higher-margin services.

What net loss did Fast Track Group (FTRK) report for the six months ended August 31, 2025?

Fast Track Group recorded a net loss of approximately $1.5 million for the six months ended August 31, 2025, compared with a $215,634 loss in the prior-year period.

Why did Fast Track Group7s operating expenses increase so sharply?

Total operating expenses rose to $1.9 million from $207,785, mainly due to team expansion to support growth and one-off professional fees related to its transition to a public listing.

What was Fast Track Group7s cash position as of August 31, 2025?

As of August 31, 2025, Fast Track Group had cash and cash equivalents of approximately $6.5 million.

What strategic focus did Fast Track Group highlight for 2026?

Management plans to pursue larger, high-profile clients, deepen celebrity and influencer partnerships, and explore strategic alliances and potential M&A to support long-term growth.
Fast Track Group

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