TT International Limited saw a decline in Q1FY2026, reporting a larger net loss driven by falling sales and gross profit amid a challenging retail landscape. The debt restructuring efforts hit a roadblock as the Convertible Loan agreement was terminated, necessitating an immediate pivot to a Proposed Loan from a New Lender. The Moratorium and Long Stop Date for the Amended New Scheme are continually extended by court order.
• The Group’s operations struggle against external pressures, leading to increased financial losses
• A critical restructuring funding deal collapses, requiring a dramatic last-minute shift to an alternative financing source
• Creditors are called to repeatedly postpone voting on the Amended New Scheme as judicial deadlines are pushed back
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