UltraGreen.ai clarifies media report; keeps FY2026 outlook unchanged

SGX Filings
Aug 20

UltraGreen.ai Limited on Aug, 20 2026 issued a statement addressing an Aug, 19 2026 article in The Business Times, noting that recent U.S. regulatory approvals obtained by peers Zydus Lifesciences and Provepharm are publicly available information and do not automatically translate into commercial launches or market penetration.

The company emphasised that references in the article to competitors’ manufacturing costs and potential pricing scenarios were opinions of third-party analysts and are not endorsed by UltraGreen.ai.

Based on current information, the board said there has been no material change to its business or outlook and it is maintaining its previously announced FY2026 revenue guidance of US$175 million to US$185 million. Revenue in the second half of FY2026 is still expected to surpass that of the first half.

The clarification was released by Executive Director and Chief Executive Officer Ravinder Sajwan. Citigroup Global Markets Singapore and DBS Bank remain joint issue managers and global coordinators for UltraGreen.ai’s listing on the Singapore Exchange Mainboard.

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