Mobile-health Network Solutions (NASDAQ: MNDR) boosts margins and cuts H1 FY2026 net loss

Rhea-AI Filing Summary

Mobile-health Network Solutions reported unaudited results for the first six months of fiscal 2026 ended December 31, 2025, showing narrower losses and stronger margins despite slightly lower revenue. Revenue was US$3,948,768, down from US$4,275,874 a year earlier, but gross margin improved to 20.1% from 14.8%, lifting gross profit to US$795,303.

Total operating expenses fell to US$1,672,590, a 29.9% reduction from US$2,384,556, helped by AI-enabled scheduling, predictive maintenance and automated workflows that cut salaries and other costs. Net loss shrank to US$858,417, a 48.2% decrease from US$1,655,880. Cash and cash equivalents increased to US$3,479,487 at December 31, 2025, compared with US$1,034,103 at June 30, 2025, supporting continued investment in AI and selective growth initiatives. Net tangible assets were US$8,326,619, or US$2.39 per share.

Positive

• Material loss reduction and margin expansion: Net loss decreased by 48.2% to US$858,417 while gross margin improved to 20.1% from 14.8%, indicating significantly better operating efficiency.
• Stronger liquidity position: Cash and cash equivalents more than tripled to US$3,479,487 at December 31, 2025 from US$1,034,103 at June 30, 2025, enhancing funding capacity for AI and growth initiatives.

Negative

• None.

Insights

Equity research analyst

Margins, cash and losses improved meaningfully, while revenue slipped modestly.

Mobile-health Network Solutions delivered a more efficient first half of fiscal 2026. Gross margin rose to 20.1% from 14.8% as cost of revenue fell, while operating expenses dropped 29.9%, reflecting AI-driven automation across scheduling and administrative workflows.

These changes cut net loss by 48.2% to US$858,417. Cash and cash equivalents increased to US$3,479,487 from US$1,034,103, aided by operational efficiency gains and fundraising, giving more flexibility to pursue AI initiatives even as revenue declined versus the prior-year period.

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 March 2026

Mobile-health Network Solutions

2 Venture Drive, #07-08 Vision Exchange

Singapore 608526

+65 6222 5223

(Address, including zip code, and telephone number, including area code, of Registrant’s 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 ☐

Mobile-health Network Solutions Announces Unaudited Interim 2026 Financial Results

Mobile-health Network Solutions (the “Company”) (Nasdaq: MNDR), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, today announced its unaudited financial results for the six months ended December 31, 2025. A copy of the press release relating to the above matter is set forth in Exhibit 99.1, which is being furnished herewith.

2

Mobile-health Network Solutions and Its Subsidiaries

Condensed Consolidated Balance Sheets

		December 31, 2025				June 30, 2025
		US$				US$
		(Unaudited)
ASSETS
Current assets
Cash and cash equivalents			3,479,487				1,034,103
Accounts receivable, net			117,031				108,999
Inventories, net			113,602				103,914
Other current assets			2,520,748				377,291
Amount due from related parties			236,972				159,424
Total current assets			6,467,840				1,783,731
Non-current assets
Property and equipment, net			90,279				138,421
Intangible assets, net			3,212,725				2,360,937
Operating leases right-of-use assets			116,361				164,861
Total non-current assets			3,419,365				2,664,219
TOTAL ASSETS			9,887,205				4,447,950
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable			988,425				870,849
Accruals and other payables			357,174				563,530
Amount due to officers			7,565				798
Amount due to related parties			91,959				86,186
Operating lease liabilities, current			87,797				168,948
Total current liabilities			1,532,920				1,690,311
Non-current liabilities
Amount due to officers			-				140,862
Operating lease liabilities			27,666				-
Total non-current liabilities			27,666				140,862
TOTAL LIABILITIES			1,560,586				1,831,173
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Ordinary shares, Class A, US$0.00016 par value, 156,250,000 shares authorized, 3,186,999 shares issued and outstanding as of December 31, 2025; US$0.00016 par value, 156,250,000 shares authorized, 749,022 shares issued and outstanding as of June 30, 2025*			510				120
Ordinary shares, Class B, US$0.00016 par value, 156,250,000 shares authorized, 291,888 shares issued and outstanding as of December 31, 2025 and as of June 30, 2025*			47				47
Additional paid-in capital			36,786,799				30,164,959
Accumulated deficit			(28,998,016	)			(28,139,599	)
Accumulated other comprehensive income			537,279				519,250
Total shareholders’ equity			8,326,619				2,616,777
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			9,887,205				4,447,950

* Retroactively restated to give effect to a share consolidation at a ratio of 1:5 ordinary shares effective on September 25, 2025.

3

Mobile-health Network Solutions and Subsidiaries

Unaudited Condensed Consolidated Statements of Operations and other Comprehensive Loss

		For the Six Months Ended December, 31
		2025				2024
		US$				US$
Revenue			3,948,768				4,275,874
Cost			(3,153,465	)			(3,640,935	)
Gross profit			795,303				634,939
Operating expenses:
Salaries and benefits			(507,729	)			(1,200,234	)
Share-based compensation			(30,443	)			-
Depreciation and amortization			(126,224	)			(67,051	)
Selling, general and administrative			(1,008,194	)			(1,117,271	)
Total operating expenses			(1,672,590	)			(2,384,556	)
Other income:
Other income, net			18,870				93,737
Total other income, net			18,870				93,737
Loss before income tax expense			(858,417	)			(1,655,880	)
Income tax expense			-				-
Net loss			(858,417	)			(1,655,880	)
Other comprehensive income:
Foreign currency translation, net of income tax			(53,971	)			60,242
Comprehensive loss			(912,388	)			(1,595,638	)
Net loss per share*
Basic and diluted			(0.51	)			(1.92	)
Weighted average number of ordinary shares*
Basic and diluted			1,679,782				862,293

* Retroactively restated to give effect to a share consolidation at a ratio of 1:5 ordinary shares effective on September 25, 2025.

4

Safe Harbor Statements

This filing contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue” or other similar expressions. Among other things, the quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to execute our strategies, manage growth and maintain our corporate culture; the Company’s future business development, financial conditions and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; the growth of the telehealth solutions industry in Singapore and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Singapore and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing, other factors beyond our control and other risks contained in reports filed by the Company with the SEC. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this report and in the attachments is as of the date of this report, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

5

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.

	Mobile-health Network Solutions
Date: March 12, 2026	By:	/s/ Siaw Tung Yeng
	Name:	Siaw Tung Yeng
	Title:	Co-Chief Executive Officer

6

EXHIBIT INDEX

Exhibit Number		Description
99.1		Mobile-health Network Solutions Announces H1 FY2026 Results

7

Exhibit 99.1

Mobile-health Network Solutions Reports Improved Gross Margin and Cash Position, Reduced Operating Expenses, in H1 FY2026

SINGAPORE, March 12, 2026 — Mobile-health Network Solutions (Nasdaq: MNDR) (“MNDR” or “the Company”), a leading AI HealthTech platform, today announced that, for the first six months of fiscal 2026 ended December 31, 2025, the Company achieved significant improvements in its gross margin and cash position while slashing its total operating expenses and net loss.

Gross margin for the first half of fiscal 2026 was 20.1 percent, compared with 14.8 percent for the first half of fiscal 2025. This improvement was mainly the result of a 13.4 percent reduction in cost of revenue, which led to a 25.3 percent increase in gross profit compared to the first half of fiscal 2025.

Net cash and cash equivalents at December 31, 2025, rose to $3.48 million, compared with $1.03 million at June 30, 2025. This increase, driven by operational efficiency gains and fundraising, is expected to help facilitate continued investment in AI and selective growth initiatives.

Total operating expenses for 1H FY 2026 were $1.67 million, a 29.9 percent reduction compared with $2.38 million in the year-ago period. This improvement was primarily driven by the accelerated deployment of AI-enabled scheduling, predictive maintenance, and automated administrative workflows, which reduced salaries and benefits and other operating costs.

The Company’s net loss for the first six months of fiscal 2026 was $0.86 million, a 48.2 percent decrease from the net loss of $1.66 million sustained in the first half of fiscal 2025. This improvement was mainly due to the Company’s reduction in total operating expenses.

“We are excited about the progress we have made in the first half of fiscal 2026,” said the Chief Executive Officer, Dr. Siaw Tung Yeng, “By embedding AI into our core operations, we have achieved significant savings and better operating results while preserving the quality of our services.”

Going forward, said Dr. Siaw, the Company’s strategic priorities will include:

● Continue AI deployment. Expand predictive maintenance, intelligent rostering, automated documentation, and analytics across additional contracts to drive further cost savings;

● Protect and improve service quality. Combine automation with targeted employee upskilling to deliver higher-value service to customers;

● Maintain disciplined capital management. Preserve liquidity while prioritizing high-ROI AI projects and scalable SaaS initiatives; and

● Reinvest selectively. Allocate a portion of the cost savings to sales expansion, product enhancements, and adoption of Otter.SG, an AI-native Clinic Operating System, unifying clinical, operational, and financial workflows and helping accelerate the Company’s transition to an asset-light, software-enabled model.

Financial snapshot (six months ended December 31, 2025; unaudited)

	●	Revenue: US$3,948,768
	●	Gross profit: US$795,303
	●	Total operating expenses: US$1,672,590
	●	Net loss: US$858,417
	●	Cash and cash equivalents: US$3,479,487
	●	Net tangible assets (NTA): US$8,326,619
	●	NTA per share: US$2.39 (rounded)

About Mobile-health Network Solutions

Mobile-health Network Solutions is a leading AI-powered digital health platform headquartered in Singapore, with operations across Southeast Asia and expanding into the US. The company provides telemedicine, AI-driven health tools, and virtual clinic infrastructure to empower patients and doctors worldwide. Its mission is to make healthcare accessible, intelligent, and human - through technology. For more information, please visit our website.

Forward-Looking Statements

Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to financial and business prospects, anticipated benefits of the Company’s transition to an asset-light platform, the Company’s goals and future activity, including continued development of proprietary technologies, strategic partnerships, and its capital initiatives. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s ability to execute our strategies, manage growth and maintain our corporate culture; the Company’s future business development, financial conditions and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; the growth of the telehealth solutions industry in Singapore and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Singapore and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Mobile-health Network Solutions specifically disclaims any obligation to update any forward-looking statement, whether because of new information, future events or otherwise, except as required by law.

For media inquiries, please contact:

Mobile-health Network Solutions Investor Relations Contact:

2 Venture Drive, #07-08 Vision Exchange

Singapore 608526

(+65) 6222 5223

Email: investors@manadr.com

Investor Relations Inquiries:

Skyline Corporate Communications Group, LLC

Scott Powell, President

1177 Avenue of the Americas, 5^th Floor

New York, New York 10036

Office: (646) 893-5835

Email: ir@skylineccg.com

FAQ

How did Mobile-health Network Solutions (MNDR) perform financially in H1 FY2026?

Mobile-health Network Solutions reported revenue of US$3.95 million and a net loss of US$0.86 million for the first six months of fiscal 2026. Losses narrowed significantly versus the prior year as margins improved and operating expenses declined.

Did MNDR improve its profitability metrics in the first half of fiscal 2026?

Yes. MNDR’s gross margin rose to 20.1% from 14.8%, and gross profit increased to US$795,303. Total operating expenses dropped to US$1.67 million, helping cut net loss by 48.2% compared with the first half of fiscal 2025.

What drove Mobile-health Network Solutions’ expense reductions in H1 FY2026?

The company attributed lower operating expenses to AI-enabled scheduling, predictive maintenance, and automated administrative workflows. These tools reduced salaries, benefits, and other operating costs, helping bring total operating expenses down to US$1.67 million from US$2.38 million a year earlier.

How did MNDR’s cash position change by December 31, 2025?

Cash and cash equivalents increased to US$3.48 million at December 31, 2025, up from US$1.03 million at June 30, 2025. Management links this improvement to operational efficiency gains and fundraising, supporting continued investment in AI and selective growth initiatives.

What were Mobile-health Network Solutions’ key balance sheet metrics in H1 FY2026?

Total assets were US$9.89 million and total shareholders’ equity was US$8.33 million as of December 31, 2025. Net tangible assets stood at US$8,326,619, equivalent to US$2.39 per share on a consolidated basis.

How did MNDR’s revenue in H1 FY2026 compare with the prior-year period?

For the six months ended December 31, 2025, MNDR generated revenue of US$3,948,768, compared with US$4,275,874 in the same period a year earlier. Despite this decline, gross profit increased due to a reduction in cost of revenue and higher gross margin.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 25.5 KB
• EX-99 GRAPHIC 18.3 KB