Fitness Champs Holdings Ltd (NASDAQ: FCHL)

Fitness Champs Holdings Limited is a sports education provider based in Singapore that specializes in swimming programs for students of all ages. The company delivers school based swimming lessons under the Ministry of Education’s SwimSafer program and also offers private swimming lessons and aquatic sports classes such as water polo competitive swimming and lifesaving. Its operations are centered on teaching correct swim stroke techniques and promoting water safety fitness and enjoyment for children and adults. Fitness Champs Holdings Limited leverages a network of more than 252 certified swim coaches to conduct lessons at public swimming pools across Singapore.

The company generates revenue primarily through fees earned from its school based swimming lessons which are provided under a master contract with the Ministry of Education. This contract specifies hourly rates for each instructor supplied to public schools. Additional revenue comes from private swimming lessons and aquatic sports classes where students or their guardians pay class fees directly to Fitness Champs Holdings Limited. The company also sells branded merchandise such as swimming goggles swim caps swim suits and flotation devices which carry its logo and contribute to overall income.

The company operates through the following segments:

• School Based Swimming Lessons. This segment focuses on delivering the SwimSafer program to primary school students in Singapore. Lessons are conducted at public swimming pools during school hours and follow the ministry’s curriculum for water safety and basic swimming skills. The segment benefits from a long term master contract with the Ministry of Education that provides a stable stream of orders and predictable pricing.

• Private Swimming Lessons and Aquatic Sports. This segment offers one to one or small group swimming lessons for children youths and adults at times and locations chosen by the student. It also includes aquatic sports classes such as water polo competitive swimming and lifesaving. Revenue is derived from class fees paid directly by participants and from the sale of branded swimming accessories used during lessons.

Fitness Champs Holdings Limited holds a leading position in the Singapore swimming education market. It was the largest service provider of the SwimSafer program in 2023 with approximately thirty percent of market share based on assessment bookings. The company is one of only five providers approved by the Ministry of Education to deliver school based swimming lessons giving it a distinct advantage over many competitors. Its competitive strengths include an established brand a large and stable network of certified swim coaches and a track record of over thirteen years of operation. Key rivals in the local market include Swimwerks Asia Pte Ltd Speediswim Aquatic Centre Pte Ltd Sportstuition Pte Ltd Sttitude Swim School Pte Ltd Aqua Experts Pte Ltd and The Hydronauts Pte Ltd.

The company serves a diverse customer base that includes students enrolled in public primary schools who participate in the SwimSafer program under the Ministry of Education. It also serves private clients ranging from toddlers as young as thirty months to adults seeking ladies only swimming lessons competitive training or lifesaving certification. Additionally Fitness Champs Holdings Limited supplies branded swimming merchandise to its students and coaches further extending its reach within the local swimming community.