The Board of Directors (Board) of Mencast Holdings Ltd. announced that based on the information currently available and following the preliminary review of the unaudited financial results for the full year ended 31 December 2022 (FY 2022), the Group expects to report a net loss after tax (as compared to a net profit after tax for the previous financial year ended 31 December 2021), due to challenges arising from margin compression, inflationary pressures, interest rate increases and a non-recurring loss on the termination of lease of premises (as announced on 8 June 2022).