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Toku Delivers 13% Revenue Growth in 1H2026, Backed by Strengthened Balance Sheet and Commercial Execution

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Second half guided stronger: continued organic revenue growth momentum, with operating expenses below the first-half level

Revenue increased 13.0% year-on-year to US$18.8 million, more than double the 4.7% pace of 1H2025, with Subscriptions and Licensing back to double-digit growth of 10.4% against 0.6% for the whole of FY2025Loss reflects planned, front-loaded investment: the 1H2026 cost base substantially completes the build-out communicated at the FY2025 results; reported operating expenses are expected to be below the first-half level in 2H2026, with operating expenses as a percentage of revenue declining thereafter, underpinning the Group’s path towards Adjusted EBITDA profitability over the next two to three yearsBalance sheet transformed: positive equity restored, no borrowings, and cash more than doubled to US$4.0 million; the net loss of US$3.8 million was less than half the level of 2H2025Middle East developing ahead of plan; coverage extended from two to eight markets since December 2025, growing regional revenue, pipeline momentum exceeding management’s expectations, and a memorandum of understanding signed with Sestek for Arabic-language AIOrder book grew 25% since the Offer Document to approximately US$29.3 million at 30 June 2026, with the gross margin on new bookings reaching 89% (1H2025: 56%) and Tier 1 customers more than doubling

SINGAPORE, July 29, 2026 /PRNewswire/ — Toku Ltd. (“Toku”, “投酷有限公司” or the “Company”, and together with its subsidiaries, the “Group”), a Singapore-incorporated AI-powered customer experience (CX) platform, is pleased to announce its financial results for the six months ended 30 June 2026 (“1H2026”). This marks the Company’s first half-year results announcement since its listing on the Catalist Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 22 January 2026.

Financial Highlights

Million (US$)

1H2026

1H2025

Change

Revenue

18.8

16.6

13.0 %

Gross Profit

4.5

4.1

10.2 %

Gross Profit Margin (%)

23.9

24.5

(0.6 ppt)

Million (US$)

As at 30 Jun 2026

As at 31 Dec 2025

Change

Cash and Bank Balances

4.0

2.0

106.2 %

Borrowings

–

4.0

(100 %)

Thomas Laboulle, Founder and Chief Executive Officer, commented, “1H2026 marked an important milestone: our first reporting period as a listed company. During the first half of the year, we focused on strengthening the foundations of the business by investing in our commercial capabilities, product platform, AI roadmap and regional presence while completing the capital restructuring outlined in our IPO. We are encouraged that these investments are beginning to translate into stronger commercial momentum. Revenue growth accelerated to more than double last year’s first-half pace, and pipeline development has exceeded our expectations in several markets, particularly in the Middle East. We also continue to see growing enterprise demand for trusted, locally hosted AI and communications infrastructure. As we enter the second half of the year, our priority remains the same: executing well, converting commercial opportunities into long-term customer relationships, and building a business capable of delivering sustainable growth over the years ahead.”

Christian Wong, Chief Financial Officer, added, “1H2026 closes the chapter that dominated our FY2025 reporting: the balance-sheet restructuring undertaken alongside our IPO is complete. The Group now operates with positive equity, positive working capital, no borrowings and US$4.0 million of cash, representing more than double the balance at the end of FY2025. The balance-sheet conditions highlighted in our FY2025 results have now been fully addressed: in short, a significantly strengthened balance sheet. The wider loss for the first half reflects the planned increase in investment that we communicated alongside our FY2025 results, including recurring listed-company costs and the deliberate front-loading of our commercial build-out to support the next phase of growth. As these investments mature, our medium-term ambition remains unchanged: to progressively improve profitability through operating leverage and move towards Adjusted EBITDA profitability over the next two to three years.”

Financial Review

In 1H2026, the Group’s revenue increased 13.0% to US$18.8 million from US$16.6 million in six months ended 30 June 2025 (“1H2025”). The increase was primarily driven by the continued growth in Usage revenue, supported by higher enterprise messaging and voice traffic volumes, contributions from newly onboarded enterprise customers and continued enterprise customer adoption across the Group’s platform.

Segmental Revenue 

Revenue Stream

1H2026
(US$ million)

1H2025
(US$ million)

Change
(%)

Usage

13.3

11.1

19.6

Subscriptions and Licensing 

3.1

2.8

10.4

Professional Services

1.2

1.2

1.2

Maintenance and Support

1.2

1.3

(12.4)

Hardware

0.03

0.2

(83.8)

Total

18.8

16.6

13.0

Usage revenue, the Group’s largest revenue stream, increased 19.6% to US$13.3 million as compared to US$11.1 million in 1H2025, representing 70.9% of total revenue compared with 67.0% in the prior corresponding period. The growth was driven by continued expansion in enterprise messaging and voice usage across the platform, supported by higher customer activity among existing enterprise customers and contributions from newly onboarded customers.

Subscriptions and Licensing revenue grew 10.4% to US$3.1 million in 1H2026 as compared to US$2.8 million in 1H2025, reflecting continued platform adoption. Professional Services revenue grew 1.2% to US$1.2 million (1H2025: US$1.2 million), marking an early recovery following the workforce optimisation initiatives undertaken in the six months ended 31 December 2024 (“2H2024”) as delivery capacity gradually stabilised through targeted recruitment and selective subcontracting. Maintenance and Support revenue declined 12.4% to US$1.2 million (1H2025: US$1.3 million), primarily due to the completion of certain legacy maintenance contracts.

Gross profit increased 10.2% to US$4.5 million in 1H2026 from US$4.1 million in 1H2025, while gross profit margin moderated from 24.5% in 1H2025 to 23.9% in 1H2026. The decline was primarily attributed to the continued expansion of Usage revenue, which carries structurally lower margins than the Group’s software and services offerings, alongside lower contributions from the higher-margin Professional Services and Maintenance and Support segments. The Group expects the revenue mix to improve progressively as higher-margin software, AI-enhanced services and Subscriptions and Licensing contribute a larger share of the Group’s revenue. The return to gross profit growth marks a reversal of the FY2025 pattern, in which revenue growth was accompanied by a 3.1% decline in gross profit. 

Underlying operating expenses increased 40.0% year-on-year, reflecting the planned investment programme communicated alongside the Group’s FY2025 results. The increase was primarily attributed to recurring listed-company costs, investments in brand, marketing and investor engagement, and the expansion of commercial, product and regional capabilities, including the continued build-out of the Group’s Middle East operations. These investments were undertaken to strengthen the Group’s commercial platform and support its next phase of growth. Expressed as a proportion of revenue, underlying operating expenses stood at 39.8% in 1H2026 (1H2025: 32.1%); management expects this ratio to begin declining in 2H2026 and to fall further as revenue scales ahead of costs, forming the Group’s principal path towards Adjusted EBITDA profitability over the next two to three years.

The reported EBITDA loss was US$3.3 million in 1H2026 (1H2025: US$1.4 million). Excluding residual listing-related professional fees and the MAS Grant for Equity Market Singapore (“GEMS”) recognised during the period, Adjusted EBITDA loss was US$2.9 million for the period, reflecting the Group’s deliberate investment in commercial capacity, product development and regional expansion following the IPO. The Group also expects the pace of operating expense growth to moderate in the six months ended 31 December 2026 (“2H2026”), as one-off listing and launch-related costs fall away and the cost base established in 1H2026 substantially reflects the Group’s full run-rate as a listed company.

Net interest expense declined 47.1% to US$0.15 million following the repayment of shareholders’ loans and the early repayment of the Group’s IRIS Fund LP venture debt facility in April 2026. The early retirement of the facility eliminated the Group’s highest-cost borrowing, strengthening the balance sheet and reducing future financing costs.

As a result, the Group recorded a net loss of US$3.8 million in 1H2026 (1H2025: US$1.0 million). Excluding residual listing-related professional fees, the GEMS grant recognised in other income and other non-recurring items, Adjusted Net Loss was US$3.4 million compared with US$1.6 million in the prior corresponding period, reflecting the Group’s planned front-loaded investment in commercial capabilities, product development and regional expansion. The net loss was less than half the US$8.1 million recorded in 2H2025, which carried the principal listing-related and non-cash charges. The year-on-year comparison is also affected by a non-recurring US$0.8 million in deferred tax credit in the 1H2025 base; at the loss before tax level, the comparison is US$3.8 million against US$1.8 million.

Commercial Momentum

The Group’s order book grew 25% to approximately US$29.3 million at 30 June 2026, from US$23.44 million at the Latest Practicable Date of the Offer Document, computed on the same basis: contractually committed revenue from signed customer contracts.

The quality of new business also improved markedly: the gross margin on new bookings reached 89% (1H2025: 56%), measured on contracted deal value and therefore not directly comparable to the Group’s blended gross margin.

The number of Tier 1 customers (accounts generating annual revenue above US$500,000) more than doubled during the period, driven by expansion within the existing customer base, and accounts where the Group’s AI suite is deployed recorded an uplift in monthly recurring revenue of approximately 26% relative to their pre-deployment baseline.

Further details are set out in the Company’s unaudited 1H2026 results announcement.

Business Outlook

Following the successful completion of the IPO and capital restructuring, the Group enters 2H2026 with positive equity, positive working capital, no borrowings and US$4.0 million of cash, providing increased financial flexibility to execute its growth strategy.

The Group continues to see encouraging demand for enterprise communications and AI-enabled customer experience solutions, particularly in regulated industries where compliance, locally hosted infrastructure and sovereign AI capabilities are becoming increasingly important. Commercial indicators strengthened during 1H2026, with pipeline momentum in the Middle East exceeding management’s expectations.

Recent developments further strengthen the Group’s position: the Glovo deployment went live across four European markets during the period, bringing the Group’s footprint into Europe; Middle East coverage was extended from two markets to eight during the period, with growing regional revenue and pipeline momentum stronger than anticipated at listing; a memorandum of understanding was signed with Sestek in June 2026 for Arabic-language AI; and the launch of Kawa under the Makimoto initiative in July 2026 extends the Group’s AI infrastructure for customer experience. The Group expects these initiatives to contribute progressively as customer deployments expand and enterprise usage increases.

For 2H2026, management expects the year-on-year revenue growth rate, on an organic basis and before any contribution from inorganic opportunities, to exceed the 13.0% recorded in 1H2026, consistent with the Group’s established seasonal second-half weighting, and expects reported operating expenses to be below the first-half level.

Path to Profitability

Looking ahead, the Group remains focused on converting commercial opportunities into long-term customer relationships while progressively improving operating leverage as revenue scales. Continued growth in AI-enhanced services, Subscriptions and Licensing, together with increasing enterprise adoption across key markets, is expected to support the Group’s medium-term objective of progressing towards Adjusted EBITDA profitability over the next two to three years.

–END–

About Toku

Headquartered in Singapore, Toku Ltd. (“Toku”) is a cloud-native, AI-powered customer experience platform purpose-built for enterprises operating in complex, multi-market environments. With deep roots in the APAC region and an expanding global footprint, Toku’s modular 360° CX Platform orchestrates customer interactions across voice, chat, email and digital channels while managing regulatory, linguistic and infrastructure complexity at scale.

Built on end-to-end ownership of its technology stack, from carrier-grade connectivity to AI applications, Toku delivers enterprise-grade security, reliability and deployment flexibility across commercial cloud, private data centres and hybrid environments. Its AI capabilities include transcription, summarisation, sentiment analysis, conversation analytics and governed virtual agents, designed to integrate seamlessly with enterprise systems and customer data.

Trusted by leading enterprises and public-sector organisations, Toku helps organisations streamline operations, scale customer engagement and deliver consistent experiences across fragmented markets.

For more information about Toku, visit toku.co

Forward-Looking Statements

This press release contains forward-looking statements regarding Toku’s expansion plans and business strategy. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Toku undertakes no obligation to update these statements to reflect subsequent events or circumstances.

Investor Relations Contact
investor.relations@toku.co

Media Contact
The Hoffman Agency
TokuSG@hoffman.com

Sponsor’s Statement

Toku Ltd. (the “Company”) was listed on Catalist of the Singapore Exchange Securities Trading Limited (the “Exchange”) on 22 January 2026. The initial public offering of the Company was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor”).

This press release has been reviewed by the Sponsor. It has not been examined or approved by the Exchange and the Exchange assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms. Ng Shi Qing, 16 Collyer Quay, #10-00 Collyer Quay Centre, Singapore 049318, sponsorship@ppcf.com.sg.

 

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In HelloNation, Custom Fabrication Expert Mark Coyle Explains a Common Mistake in Custom Aluminum Design

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39 minutes ago

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October 24, 2026

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The article explains why smart geometry, not thicker walls, creates stronger, more efficient aluminum components.

ROCHESTER, N.Y., Oct. 24, 2026 /PRNewswire/ — What early design choice causes many custom aluminum projects to become heavier, costlier, or harder to manufacture? That question is addressed in a HelloNation article featuring insights from Custom Fabrication Expert Mark Coyle of American Custom Metals, Inc. in Rochester, New York, that outlines how misunderstanding aluminum behavior leads designers to rely on thick walls instead of stronger geometry.

The article begins by explaining that many people assume thicker walls automatically make aluminum parts stronger. It notes that aluminum does not respond to wall thickness the way steel does. Instead, its performance is shaped by how the metal flows through the extrusion die. The article states that custom aluminum design is more effective when profiles use ribs, chambers, and flanges to create stiffness without adding unnecessary weight. This guidance helps readers understand why adding material often increases cost without improving strength.

The article also highlights that thicker walls change how aluminum moves during extrusion. When heavy areas fill more slowly, the metal cools unevenly and can develop stress that only appears later. The HelloNation piece explains that well-balanced geometry keeps extrusion smooth and predictable. This consistency makes it easier to maintain dimensional accuracy across long production runs. By focusing on geometry, custom aluminum design avoids the problems that come with slow extrusion speeds and uneven cooling.

Another insight in the article centers on how ribs and internal supports influence stability. It describes how a thin wall supported by a properly placed rib often performs better than a thick wall with no reinforcement. This happens because the rib helps distribute load, improve stiffness, and guide the aluminum as it cools. The article explains that this structural approach makes custom aluminum design more efficient and gives designers more control over how the final part behaves under pressure.

The article also shows why early collaboration between designer and fabricator prevents costly changes. It states that a fabricator familiar with extrusion can catch potential issues before a die is built. Small adjustments to corners or transitions can remove weak points or improve metal flow. The article notes that this teamwork keeps the design aligned with real-world production. By working together early, both sides reduce the risk of redesigning the die after the first test run.

Machining is another area where the article explains how wall thickness affects performance. Features such as deep pockets or sharp internal angles may require slow feed rates or special tooling. When walls are thicker than needed, those areas can become difficult to machine cleanly. The article states that thoughtful custom aluminum design makes machining more predictable. Small changes, such as adding radiused edges or sizing features to match standard tools, help shorten cycle times and prevent tool wear.

Thermal behavior receives detailed attention as well. The article explains that aluminum retains heat differently depending on the mass of each section. Thicker walls hold heat longer, which increases the chance of distortion during extrusion, machining, or finishing. When a design uses geometry to create strength, the material cools more evenly. This reduces warping and helps long profiles stay aligned. The article notes that stable cooling is important for components that require a precise fit and consistent shape throughout an entire production run.

Cost is also a key topic in the article. It states that heavier profiles increase material use, extrusion time, and tooling needs. A custom aluminum design that relies on geometry instead of mass lowers material consumption and keeps the fabrication process efficient. The article explains that lighter parts are easier to handle, ship, and assemble. This saves money across multiple stages of production and supports long-term manufacturing efficiency.

The article also notes that smart custom aluminum design creates profiles that behave predictably during extrusion and machining. Smooth transitions, balanced wall dimensions, and structural features help reduce the chance of distortion or dimensional drift. These elements also lower scrap rates and support reliable performance. By using geometry instead of excess material, designers build parts that maintain strength without compromising manufacturability.

As the article concludes, it emphasizes that avoiding thick walls is one of the best ways to improve performance and lower cost. It states that the most dependable custom aluminum components come from designs that use structural features to strengthen the profile. When designers understand how aluminum behaves at each stage of extrusion and machining, they create parts that are strong, efficient, and consistent from batch to batch. This approach turns custom aluminum design into a predictable process rather than a series of uncertain adjustments.

A Common Mistake in Custom Aluminum Design features insights from Mark Coyle, Custom Fabrication Expert of Rochester, NY, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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World Young Scientist Summit 2026 Opens in Wenzhou, Zhejiang

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October 24, 2026

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WENZHOU, China, Oct. 24, 2026 /PRNewswire/ — This is a report by China Daily:

On October 24, the World Young Scientist Summit 2026 opened in Wenzhou, Zhejiang. The event is hosted by the China Association for Science and Technology (CAST), the Zhejiang Provincial People’s Government, and the World Association of Young Scientists. Nearly 800 representatives, including scientists, educators, and entrepreneurs from more than 60 countries and regions, are attending the summit.

He Junke, Vice President of CAST in charge of daily work and First Secretary of its Secretariat; Lian Yimin, Chairman and Party Group Secretary of the Zhejiang Provincial Committee of the Chinese People’s Political Consultative Conference; Marcelo Knobel, Executive Director of The World Academy of Sciences; and Zhang Zhenfeng, Member of the Standing Committee of the CPC Zhejiang Provincial Committee and Secretary of the CPC Wenzhou Municipal Committee, attended the summit and delivered remarks. Yao Gaoyuan, Vice Governor of the Zhejiang Provincial People’s Government, presided over the first segment of the plenary session.

With the theme “Gathering Talents Worldwide to Create a Better Future,” the summit’s annual agenda is “Global Youth Action in the AI Era: Building a Sustainable Future.” It aims to draw on the insights of young people around the world, deepen international sci-tech cooperation, and jointly address questions about young people, science, the world and the future.

Efim Zelmanov, Fields Medalist and Foreign Member of the Chinese Academy of Sciences; Chen Yunji, Deputy Director of the Institute of Computing Technology, CAS, and Director of the National Key Laboratory of Processor Chips; Mary Garson, President of the International Union of Pure and Applied Chemistry; and Lu Chaoyang, Member of the Standing Committee of CAST, Executive Dean of the Shanghai Institute of Advanced Study, University of Science and Technology of China, and Chairman of the Council of the World Association of Young Scientists, delivered keynote speeches respectively on education reform in the AI era, AI and processor chips, young women scientists’ participation in science, and quantum computing. They explored new opportunities for scientific research, talent cultivation, and international cooperation in the AI era.

This year’s summit placed greater emphasis on the growth needs of young scientists, with young talents under the age of 45 accounting for 88 percent of participants. It aimed to build a cluster of international journals, bring together young scientific talent, facilitate a batch of international collaborative projects and advance the application and commercialization of scientific and technological achievements. The summit released the Report on the Distribution and Mobility of Young Scientists in the Field of Embodied Intelligence, launched the World Young Scientist Summit Partner Journal Program and the 2026 World Young Scientist Innovation and Entrepreneurship Growth Support Program. It also published the “Young Scientist Pioneers 2035” list and announced the 2026 Sustainable Development Young Scientist Award. The awards were presented to four Chinese and foreign scientists.

Chen Tianrun, Founder of Hangzhou Moxin Technology Co., Ltd.; Yuan Yang, Assistant to the Dean of the Institute for Interdisciplinary Information Sciences at Tsinghua University; and two of the 2026 Sustainable Development Young Scientist Award winners, César de la Fuente and Nicola Segata, among other Chinese and foreign young scientist representatives, spoke at the flash-talk session to share their research practices and reflections.

In addition, the conference focused on fields such as future manufacturing, quantum information, embodied intelligence, brain-computer intelligence, environmental science, deep-sea resources, and life and health, and held 12 parallel forums. It also included the “Gravitation π” Future Technology and Concept Products Exhibition and Exchange, local thematic side events, and sci-tech and humanities study visits, further building an interdisciplinary, cross-regional and cross-sector platform for youth sci-tech exchange and cooperation.

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SOURCE China Daily

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The Ultimate Send-off to Summer: CSTS Debuts Global Entertainment IP PremierX at New York’s Pier 17, Ushering in a New Era of Live Entertainment

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October 24, 2026

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NEW YORK, Oct. 24, 2026 /PRNewswire/ — CSTS Enterprises (‘CSTS’), a New York-based sports, entertainment, integrated media and travel technology group, today announced the official launch of PremierXTM, its flagship live entertainment brand, with a landmark Halloween Weekend event “AFTER DARK” at The Rooftop at Pier 17 in New York on October 30, 2026.

Capping off Seaport’s 2026 Summer Season in unforgettable fashion, the grand finale brings a powerhouse lineup of stars to the PremierXTM stage at Pier 17, featuring Lil Xan, Armani White, DJ Soda, Nate Wyatt, and surprise A-list guest headliners. Set against the iconic Manhattan skyline, the landmark eventing unites chart-topping hip-hop and high-octane electronic music for a festival-grade experience as The Rooftop at Pier 17 transforms into the city’s premier live music destination.

Building on the momentum of the PremierXTM After Party for the 2026 World Cup Final that took place in New York on July 19th, “AFTER DARK” signals the official debut of PremierXTM, a proprietary, New York – born global entertainment IP created by CSTS to deliver defining cultural experiences at the intersection of music, sport, art and lifestyle. Centred on the power of cultural crossover, PremierXTM serves as an international bridge connecting East and West, modern innovation and timeless classical, while uniting world-class artists, creators, performers and audiences through the universal language of entertainment and premium live experiences.

The launch also marks the beginning of a promising relationship with Pier 17, providing a world-class stage for PremierXTM to accelerate its growth in the U.S. and engage international audiences over the long term. By combining PremierXTM’s global entertainment vision with Pier 17’s iconic waterfront setting, the partnership aims to create a premier destination for live experiences, empowering both platforms to expand their global reach, deepen audience engagement, and drive sustainable growth.

As a key pillar of CSTS’ integrated ecosystem spanning entertainment, sports, travel, integrated media and marketing solutions, PremierXTM further strengthens the Group’s ability to create high-impact experiences that connect audiences, destinations and brand partners. With the global live entertainment market projected to grow from approximately US$203 billion in 2025 to US$270 billion by 2030[1], PremierXTM is well-positioned to capitalize on the growing demand for premium, experience-led entertainment while creating long-term value to the Group through recurring audience engagement, tourism and brand partnerships.

“PremierX TM represents a significant milestone in CSTS’ evolution from a leading operator of global sports and hospitality platforms into a creator of world-class entertainment experiences,” said Abel Zhao, Group CEO and Executive Director at CSTS Enterprises. “The season finale at Pier17 marks the beginning of an exciting new chapter for CSTS as we expand our entertainment footprint and introduce a platform designed to deliver iconic live experiences and bring together artists and audiences from across the globe.”

“PremierXTM was built from the ground up as a bespoke platform to champion multicultural talent and visionary creative performers.” said Jason Liu, Regional Director of CSTS USA. “Starting from New York, we are building a scalable global brand that brings iconic live experiences to audiences worldwide while expanding our presence across key entertainment hubs in North America, Asia and Europe.”

Following its New York launch, PremierXTM plans to expand through a broader international rollout across North America, Asia and Europe, with future editions planned as part of a growing network of recurring live entertainment properties and flagship cultural events.

For ticket information on PremierXTM: “AFTER DARK”, visit
https://www.axs.com/events/1644912/after-dark-tickets

About CSTS Enterprises

CSTS Enterprises is an integrated media, entertainment, sports, and travel technology group. Headquartered in New York City, the company develops and partners with intellectual properties and brands to deliver compelling experiences that connect with audiences across the world. In addition to its own initiatives, including Generation CTM and PremierXTM, it collaborates with international IPs including FIFA World Cup, UEFA European Championship, and Formula 1.

CSTS integrates experiential marketing, travel, data, and technology to deliver seamless end-to-end audience experiences. The company engages consumers across physical events and digital channels, executing at scale worldwide, turning complex activations into co-ordinated, measurable outcomes.

[1] Source: Industry research by Markets and Markets, Live Entertainment Market Size, Share, Latest Trends & Growth Analysis, 2025-2030, Live Entertainment Market Size, Share, Latest Trends & Growth Analysis, 2025-2030.

 

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SOURCE CSTS Enterprises

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