Fast Track Group (NASDAQ: FTRK) doubles revenue but posts FY loss

Rhea-AI Filing Summary

FAST TRACK GROUP reported audited results for the year ended February 28, 2026. Total revenues rose 112% to $1.7 million, driven by expanded celebrity agency services and larger, multi-phase brand activation campaigns. Gross profit increased to $654,000, lifting gross margin to 39% from 13% a year earlier.

Total operating expenses, however, jumped to $5.6 million from $0.4 million, reflecting sales and marketing expansion across Southeast Asia, team growth and one-off public-company professional fees. The company posted a net loss of about $4.8 million versus a $0.3 million loss previously. Cash and cash equivalents increased to $1.9 million as of February 28, 2026, supported by net proceeds of about $15.2 million from its initial public offering. Management highlighted new multi-part celebrity projects, the signing of K-pop group KIIRAS, a three-part partnership with Dream Cruises and ongoing talks on a potential partnership with a Tier 1 global media conglomerate.

Insights

Equity analyst

Fast Track doubled revenue and margins but funded growth with heavy spending and IPO cash.

Fast Track’s revenue grew 112% to $1.7 million, while gross profit rose to $654,000 with a 39% margin, reflecting a shift toward higher-value, multi-phase celebrity campaigns. This shows early traction in the enhanced celebrity agency strategy across the Asia-Pacific market.

The company stepped up spending aggressively: total operating expenses reached $5.6 million versus $0.4 million the prior year, mainly from sales and marketing, team expansion and one-off public listing fees. That produced a significantly larger net loss of about $4.8 million for the year ended February 28, 2026.

Liquidity improved through the IPO, which generated roughly $15.2 million of net proceeds and lifted cash to about $1.9 million at year-end. Future disclosures may clarify how quickly new projects with KIIRAS, Dream Cruises and the contemplated Tier 1 media conglomerate partnership convert into recurring revenue and whether operating costs can normalize as the business scales.

Key Figures

Total revenue: $1.7 million Gross profit: $654,000 Total operating expenses: $5.6 million +5 more

8 metrics

Total revenue $1.7 million Full year ended February 28, 2026; up 112% from prior year

Gross profit $654,000 Full year 2026; gross margin 39% vs 13% prior year

Total operating expenses $5.6 million Full year ended February 28, 2026

Net loss $4.8 million Full year ended February 28, 2026, vs $335,000 prior year

Cash and cash equivalents $1.9 million As of February 28, 2026

Net IPO proceeds $15.2 million Net proceeds from initial public offering in FY2026

Total assets $10.4 million As of February 28, 2026

Shareholders’ equity $8.8 million As of February 28, 2026

Key Terms

gross margin, operating lease right-of-use assets, initial public offering, contract liabilities, +2 more

6 terms

gross margin financial

"Gross Profit increased 543% to $654,000 (gross margin of 39%) for the full year ended February 28, 2026"

Gross margin is the difference between how much money a company makes from selling its products and how much it costs to produce them, expressed as a percentage of sales. It shows how efficiently a company is turning sales into profit before other expenses like marketing or salaries. Higher gross margin means the company keeps more money from each sale, which is a good sign of financial health.

operating lease right-of-use assets financial

"Operating lease right-of-use assets, net | | | 23,252 | | | | 408,807"

An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.

initial public offering financial

"Net proceeds from initial public offering | | | - | | | | - | | | | 19,178,265"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

contract liabilities financial

"Contract liabilities | | | 544,678 | | | | - | | | | -"

Contract liabilities are amounts a company has been paid in advance for goods or services it still owes to customers — think of them like gift cards or prepaid subscriptions the company must fulfill later. For investors, they show promised future work or deliveries that will turn into revenue over time, reveal cash already collected, and help assess whether a firm has a backlog of obligations that could affect future earnings and cash flow.

forward-looking statements regulatory

"Certain statements in this announcement are forward-looking statements."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

accumulated deficits financial

"Accumulated deficits | | | (2,305,518 | ) | | | (8,408,228 | )"

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Available on EDGAR 06/30/2026 - 08:45 AM Accepted by SEC EDGAR 06/30/2026 - 08:45 AM Learn about SEC filing dates

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 June, 2026

Commission File Number: 001-42426

FAST TRACK GROUP

(Exact Name as Specified in its Charter)

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 of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐ No ☒

If “Yes” is marked, indicated below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.

Press Release

On June 30, 2026, Fast Track Group (the “Company”) issued a press release reporting its financial and operational results for the full year ended February 28, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Report on Form 6-K and incorporated by reference herein.

The information in this Report on Form 6-K (including Exhibit 99.1 hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Financial Statements and Exhibits.

The following exhibit is being filed herewith:

Exhibit No.		Description of Exhibit
99.1		Press Release dated June 30, 2026.

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.

Dated: June 30, 2026

	FAST TRACK GROUP
	By:	/s/ Lim Sin Foo, Harris
	Name:	Lim Sin Foo, Harris
	Title:	Chief Executive Officer and Director

Exhibit 99.1

FAST TRACK GROUP Reports Financial and Operational Results for the Full Year Ended February 28, 2026

SINGAPORE, June 30, 2026 – FAST TRACK GROUP (NASDAQ: FTRK) (“Fast Track” or the “Company”), a leading entertainment-focused event management and celebrity agency company, announced its financial and operational results for the fiscal year ended February 28, 2026, and issued a letter to shareholders highlighting recent operational highlights and future business outlook.

Management Commentary - Chief Executive Officer Harris Lim

Dear Valued Shareholders,

As we reflect on this past fiscal year, I am pleased to share the operational momentum and financial improvements Fast Track has achieved. In 2025, we made a commitment to strengthen our celebrity agency business, as we believe this line of work positions us to be a more valuable partner to our clients and celebrity partners while building a scalable platform for long-term financial growth. This past fiscal year offered an early indication of that strategy in action, and we are encouraged by the results to date and the foundation they provided for our broader growth trajectory.

Fiscal 2026 Reflection

Beyond refining our business model and strategic focus, we made targeted investments back into our business, particularly in our sales and partnerships team. These investments were designed to help us engage with projects at an earlier stage, remain a trusted and embedded partner, deepen relationships across our client and celebrity network, identify opportunities to expand into future engagements, and ultimately deliver higher-quality services.

These investments helped Fast Track execute several meaningful deals with celebrities, brands, clients, and agencies during the fiscal year. These opportunities included multiple brand activation projects in collaboration with renowned APAC celebrities, strategic partnerships with talent management and creative agencies, Fast Track-led celebrity events, and our appointment as an official representative of the rising K-pop group KIIRAS.

While these opportunities contributed to our strong financial results for the year, we believe their greater significance lies in the quality and nature of the deals we are now able to secure. Multi-part projects, long-term celebrity partnership, and the expansion of our celebrity roster validate our strategy of moving beyond one-off engagements. They demonstrate that our commercial momentum is accelerating through larger, more strategic enterprise partnerships. We believe these projects can serve as an operational blueprint for monetizing premium entertainment ecosystems and validation that Fast Track can help clients pursue multi-project contracts in a market where many competitors remain focused on single-project engagements. And as we continue to scale our business, we expect our cost structure to become more balanced and normalized over time.

Together, these accomplishments demonstrate that our strategic initiatives are gaining market traction and strengthening the foundation of our business. With a more resilient model, deeper industry relationships, and a growing pipeline of higher-quality opportunities, Fast Track is well-positioned to continue creating value and driving sustainable growth across the Southeast Asian entertainment market.

Fiscal 2027 Outlook

At our current size and scale, our team remains focused on driving top-line growth, strengthening operational resilience, and further developing a scalable, recurring business model. The opportunities secured over the past several months will serve as foundational pieces to build off. Our recent three-part celebrity partnership agreement with Dream Cruises is a clear example of this in action. Not only are we replicating the three-part brand activation model, we are also re-engaging Amotti and KIIRAS, two celebrities we worked with in 2025 and early 2026, to support this project. We intend to continue expanding our celebrity and broader industry partner network to identify and pursue new collaboration opportunities in the future.

Beyond these commercial wins, our team is currently in advanced stages of formalizing a transformational partnership with a Tier 1 global media conglomerate. We view this milestone as an opportunity to meaningfully expand our platform to a much larger audience currently out of our reach. We believe this move has the potential to fundamentally redefine Fast Track’s long-term valuation, broaden access to scaled business opportunities and celebrity networks, and ultimately create lasting shareholder value.

As our project portfolio, industry partnerships, and pipeline continue to expand, strategic growth capital will inevitably become necessary. Certain opportunities may require upfront investment to unlock their future earnings potential. We intend to balance these near-term capital needs with long-term shareholder considerations, ensuring that any growth initiative is pursued thoughtfully and with discipline.

We appreciate the continued support of our investors and partners as we navigate and enter the next phase in Fast Track’s journey. The opportunities we are pursuing are centered on sustainable growth and long-term shareholder value, and we remain grateful for your confidence in our direction.

Sincerely,

Harris Lim
Chief Executive Officer and Director

Audited Financial Results for the Full Year Ended February 28, 2026 

Total Revenues increased 112% to $1.7 million for the full year ended February 28, 2026, compared to $0.8 million in the same period last year. The increase was primarily due to strategic enhancements to the Company’s celebrity agency business, which expanded its service offerings, strengthened client and celebrity partnerships, and enabled larger, multi-phase brand activation campaigns across the region.

Cost of Revenue increased to $1.0 million for the full year ended February 28, 2026, compared to $0.7 million in the same period last year. The increase was primarily attributable to higher expenses associated with executing large-scale, multi-phase brand activation campaigns and expanding the Company’s celebrity and influencer partnerships.

Gross Profit increased 543% to $654,000 (gross margin of 39%) for the full year ended February 28, 2026, compared to $95,000 (gross margin of 13%) in the same period last year. The increase was primarily due to an expanded service offering with higher profit margin, compared to the predominantly agency-based services provided in the prior period.

Total Operating Expenses increased to $5.6 million for the full year ended February 28, 2026, compared to $0.4 million in the same period last year. The increase was primarily due to business and relationship development and marketing to drive growth throughout Southeast Asia after the IPO, investments in team expansion to support client relationships and brand positioning, and one-off professional fees related to the Company’s transition to a public company.

Net Loss was approximately $4.8 million for the full year ended February 28, 2026, compared to a net loss of $335,000 in the same period last year.

As of February 28, 2026, cash and cash equivalents were approximately $1.9 million compared to $0.2 million in the same period last year.

For more information regarding Fast Track’s financial results, including financial tables, please see the company’s Form 20-F, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 30, 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 (Nasdaq: FTRK) 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.

Fast Track Entertainment (FTE) is a wholly-owned subsidiary of Fast Track Group (NASDAQ: FTRK), shaping global entertainment from Asia through celebrity partnerships, artist representation, and live entertainment experiences. Founded in Singapore in 2012, FTE has built a strong track record working with global and Korean celebrities such as Jessica Jung, MINNIE of i-dle, and TREASURE, and most recently signed KIIRAS, a 6-member K-pop girl group, for global live entertainment and concert tour representation across the APAC region.

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. It 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 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

FAST TRACK GROUP

CONSOLIDATED BALANCE SHEETS

		As of
		February 28, 2025				February 28, 2026				February 28, 2026
		S$				S$				US$
ASSETS
Current assets:
Cash and cash equivalents			268,436				2,375,293				1,879,782
Accounts receivable, net			113,643				-				-
Deposits, prepayments and other current assets			15,340				6,370,728				5,041,729
Deferred public offering costs			787,977				-				-
Contract costs			147,135				3,202,775				2,534,643
Total current assets			1,332,531				11,948,796				9,456,154
Non-current assets:
Property and equipment, net			2,030				261,021				206,569
Operating lease right-of-use assets, net			23,252				408,807				323,526
Prepayments			-				461,489				365,218
Total non-current assets			25,282				1,131,317				895,313
TOTAL ASSETS			1,357,813				13,080,113				10,351,467
LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY
Current liabilities:
Accounts payable			438,700				-				-
Accrued liabilities and other payables			585,028				1,577,417				1,248,351
Contract liabilities			544,678				-				-
Amount due to related parties			691,981				11,829				9,361
Operating lease liabilities, current			20,463				153,476				121,459
Loans payable, current			3,442				-				-
Total current liabilities			2,284,292				1,742,722				1,379,171
Non-current liabilities:
Operating lease liabilities, non-current			2,789				255,331				202,067
Warrant liabilities			276,250				-				-
Total non-current liabilities			279,039				255,331				202,067
TOTAL LIABILITIES			2,563,331				1,998,053				1,581,238
Commitments and contingencies			-				-				-
SHAREHOLDERS’ (DEFICIT) EQUITY
Ordinary shares, US$0.001 par value, 50,000,000 shares authorized, 17,500,000 and 21,812,500 shares issued and outstanding as of February 28, 2025 and February 28, 2026 respectively			23,550				29,000				22,950
Additional paid in capital			1,076,450				19,461,288				15,401,464
Accumulated deficits			(2,305,518	)			(8,408,228	)			(6,654,185	)
Total shareholders’ (deficit) equity			(1,205,518	)			11,082,060				8,770,229
TOTAL LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY			1,357,813				13,080,113				10,351,467

FAST TRACK GROUP

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

		For the Years Ended
		February 29, 2024				February 28, 2025				February 28, 2026				February 28, 2026
		S$				S$				S$				US$
Revenue
- Related parties			1,170,951				-				-				-
- Third parties			120,000				1,013,482				2,147,134				1,699,220
			1,290,951				1,013,482				2,147,134				1,699,220
Cost of revenue			(1,025,516	)			(884,883	)			(1,320,170	)			(1,044,769	)
Gross profit			265,435				128,599				826,964				654,451
Operating expenses
Depreciation and amortization			-				(185	)			(27,105	)			(21,451	)
Sales and marketing expenses			-				-				(4,619,523	)			(3,655,843	)
Operating lease expenses			(20,987	)			(40,464	)			(76,137	)			(60,254	)
General and administrative expenses			(210,899	)			(514,879	)			(2,379,860	)			(1,883,397	)
Total operating expenses			(231,886	)			(555,528	)			(7,102,625	)			(5,620,945	)
Operating income (loss)			33,549				(426,929	)			(6,275,661	)			(4,966,494	)
Other (expenses) income, net
Other income			267				877				25,734				20,366
Interest income			-				-				151,040				119,532
Interest expense			(468	)			(26,398	)			(3,823	)			(3,026	)
Total other (expenses) income, net			(201	)			(25,521	)			172,951				136,872
Income (Loss) before taxes			33,348				(452,450	)			(6,102,710	)			(4,829,622	)
Income tax expense			-				-				-				-
Net income (loss)			33,348				(452,450	)			(6,102,710	)			(4,829,622	)
Net income (loss) per share - basic and diluted			0.002				(0.026	)			(0.280	)			(0.221	)
Basic and diluted weighted average shares outstanding			17,500,000				17,500,000				21,812,500				21,812,500

FAST TRACK GROUP

CONSOLIDATED STATEMENTS OF CASH FLOWS

		For the Years Ended
		February 29, 2024				February 28, 2025				February 28, 2026				February 28, 2026
		S$				S$				S$				US$
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)			33,348				(452,450	)			(6,102,710	)			(4,829,622	)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization of operating lease right-of-use assets			-				-				76,137				60,254
Depreciation of property and equipment			-				185				27,105				21,451
Provision for expected credit losses accounts			97,167				45,093				-				-
Changes in assets and liabilities:
Accounts receivable
- Related parties			(22,167	)			-				-				-
- Third parties			(136,793	)			(96,943	)			113,643				89,936
Deposits, prepayments and other current assets			(7,396	)			(7,944	)			(6,816,877	)			(5,394,806	)
Contract costs			-				(147,135	)			(3,055,640	)			(2,418,202	)
Accounts payable			-				-				(438,700	)			(347,183	)
Accrued liabilities and other payables			9,625				559,684				992,389				785,366
Contract liabilities			16,699				527,979				(544,678	)			(431,053	)
Operating lease liabilities			-				-				(76,137	)			(60,254	)
Net cash (used in) generated from operating activities			(9,517	)			428,469				(15,825,468	)			(12,524,113	)
CASH FLOWS FROM INVESTING ACTIVITY
Purchase of plant and equipment			-				(2,216	)			(286,096	)			(226,413	)
Net cash used in investing activity			-				(2,216	)			(286,096	)			(226,413	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings			-				276,250				-				-
Repayments of borrowings			(10,181	)			(10,502	)			(279,692	)			(221,345	)
Net proceeds from initial public offering			-				-				19,178,265				15,177,481
Deferred public offering costs			-				(787,977	)			-				-
Repayment of amount due to directors, net			(29,232	)			361,219				(680,152	)			(538,265	)
Net cash (used in) generated from financing activities			(39,413	)			(161,010	)			18,218,421				14,417,871
Net (decrease) increase in cash and cash equivalents			(48,930	)			265,243				2,106,857				1,667,345
Cash and cash equivalents, beginning of year			52,123				3,193				268,436				212,437
Cash and cash equivalents, end of year			3,193				268,436				2,375,293				1,879,782
Supplementary cash flow information:
Interest paid			(468	)			(148	)			(3,823	)			(3,025	)

FAQ

How did FAST TRACK GROUP (FTRK) perform financially in fiscal 2026?

FAST TRACK GROUP’s fiscal 2026 revenue increased 112% to about $1.7 million, while gross profit rose to roughly $654,000 with a 39% margin. However, higher operating expenses led to a net loss of approximately $4.8 million for the year ended February 28, 2026.

What drove FAST TRACK GROUP’s revenue and margin growth in 2026?

Revenue and margin growth were driven by strategic enhancements to the celebrity agency business. The company expanded service offerings, deepened client and celebrity partnerships, and executed larger, multi-phase brand activation campaigns, which carry higher profit margins than the predominantly agency-based services it focused on previously.

Why did FAST TRACK GROUP’s operating expenses increase so sharply?

Total operating expenses rose to about $5.6 million, mainly from business and relationship development, marketing across Southeast Asia, and team expansion. One-off professional fees linked to transitioning into a public company also contributed, significantly widening the net loss despite stronger revenue and gross profit performance.

What was FAST TRACK GROUP’s net loss and cash position at year-end 2026?

FAST TRACK GROUP recorded a net loss of approximately $4.8 million for fiscal 2026, compared with a $335,000 loss a year earlier. As of February 28, 2026, cash and cash equivalents were about $1.9 million, up from $0.2 million, supported by net proceeds from its initial public offering.

How did the IPO affect FAST TRACK GROUP’s balance sheet in 2026?

The company’s initial public offering generated net proceeds of about $15.2 million, boosting total assets to roughly $10.4 million and shareholders’ equity to about $8.8 million. This capital strengthened the balance sheet and funded operating investments during the fiscal year ended February 28, 2026.

What strategic partnerships and projects did FAST TRACK GROUP highlight?

Management highlighted multi-part projects with APAC celebrities, a three-part celebrity partnership agreement with Dream Cruises, and representation of K-pop group KIIRAS. The company also reported being in advanced stages of formalizing a potential transformational partnership with a Tier 1 global media conglomerate.

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