YY Group Holding YYGH

YY Group Holding Limited is a data and technology driven company focused on developing enterprise intelligent labor matching services and smart cleaning services founded in Singapore. Through its subsidiaries, it provides enterprise manpower outsourcing and smart cleaning services in Singapore, Malaysia and other countries. Since its inception in 2010, it has established itself as a trusted and experienced manpower supplier in the traditional recruitment industry. In June 2019, it digitalized its traditional staffing processes by introducing its proprietary technology innovation of an online marketplace for manpower outsourcing, the YY Circle Super App. The platform supports a growing online community and network of users looking for both part-time and full-time work from customers across a broad range of industries including hotels, food and beverage, and private clubs.

The company generates revenue primarily through manpower outsourcing services and integrated facilities management services. For manpower outsourcing, revenue comes from fees charged to customers for successfully recruiting users through the YY App platform, typically on a cost-plus basis where a fixed salary per hour per user is received from customers and a fee is charged for the difference between what the customer pays and what is paid to the user. For integrated facilities management services, revenue is earned through headcount-based fees and performance-based fees, charged on a monthly or annual basis based on the amount of cleaning manpower supplied or work performance. The company also generates additional revenue from newly acquired and newly established entities such as Mediaplus Venture Group and Transocean Oil Pte. Ltd.

The company operates through the following segments: Manpower Outsourcing service and Integrated Facilities Management Services.

• Manpower Outsourcing service segment provides enterprise manpower outsourcing and job matching services primarily facilitated by the YY App platform. The platform simplifies and streamlines the staffing process for customers, offering immediate and quality staffing solutions ranging from temporary staff for one-day events to ongoing business support. Revenue is derived from fees charged to customers for successfully recruited users, with approximately 15% gross profit margin. For the fiscal years ended December 31, 2025, 2024 and 2023, this segment generated approximately US$23.0 million, US$17.8 million and US$13.2 million, constituting approximately 40.2%, 43.2% and 41.6% of total revenue respectively.

• Integrated Facilities Management Services segment provides professional cleaning and janitorial services, including commercial cleaning for offices and schools, hospitality cleaning for hotels and shopping centers, industrial cleaning, facade cleaning, disinfection services, stewarding services for MICE and banquets, and pest control services. The segment is complemented by the YY Smart iClean App, an innovative smart toilet central management platform integrated with automated sensors and IoT devices that improves productivity, manages resources efficiently, and delivers cost savings. For the fiscal years ended December 31, 2025, 2024 and 2023, this segment generated approximately US$32.8 million, US$23.3 million and US$18.6 million, constituting approximately 57.4%, 56.8% and 58.4% of total revenue respectively.

The company positions itself as a trusted and experienced manpower supplier in the traditional recruitment industry with a growing presence in the Southeast Asian and European regions. It believes it provides a higher rate of job fulfilment for customers, higher efficiency at lower staffing costs, a seamless user onboarding experience, and strong and stable customer relationships. In the cleaning service segment, it leverages the proficiency of its cleaning staff, better management of manpower through IoT platforms, real-time tracking and analysis, and strong customer relationships to compete effectively. The manpower outsourcing and cleaning service industries are rapidly growing and increasingly competitive, with competition from both online and offline traditional firms.

The company serves a diverse customer base across multiple industries. For manpower outsourcing services, customers include hotels, food and beverage outlets, private clubs, resorts, restaurants, and supermarkets. For integrated facilities management services, customers include specific named entities such as Shangri-La Hotel Limited, Bank of China Limited Singapore Branch, and Marina Centre Holdings Private Limited for Marina Square, along with other customers in hospitality, corporate, healthcare, retail commercial, hospitals, food centers, and airlines sectors.