Fitness Fanatics Ltd

F-1 filed

Price $5.00 · 7,000,000 shares · Gross proceeds $35,000,000

Fitness Fanatics Ltd, an exempted company incorporated in the Cayman Islands, operates as a leading distributor of sports nutrition products in Hong Kong, Mainland China, and Malaysia. The company generates revenue through two segments: B2B (wholesale distribution) and B2C (direct-to-consumer sales via e-commerce, vending machines, and retail partnerships). For the fiscal year ended December 31, 2025, total revenue reached $21.4 million, with 90% from sports nutrition product sales and 5.4% from marketing services. The IPO aims to increase pro forma net tangible book value by $1.34 per share for existing shareholders, while new investors face $3.44 per share dilution at the midpoint offering price of $5.00.

RW withdrawn

F-1/A amended

Range $4.00 to $6.00 · 7,000,000 shares

Fitness Fanatics Ltd. is preparing for its IPO with updated financial disclosures showing a pro forma net tangible book value of $1.56 per ordinary share as of December 31, 2025, reflecting an increase from $0.22 in 2024. The company reported revenue of $21.4 million in 2025, up from $19.5 million in 2024, driven by growth in both B2B and B2C segments. Key operational highlights include expanded distribution across 1,500+ points of sale, a diverse product portfolio of 300+ SKUs, and strategic expansion into Malaysia. The filing emphasizes risks related to market competition, regulatory compliance, and supply chain vulnerabilities.

EFFECT effective

EFFECT effective

F-1/A amended

Price $4.50 · Range $4.00 to $5.00 · 2,000,000 shares · Gross proceeds $9,000,000

Fitness Fanatics Ltd, a Cayman Islands-based holding company, operates through B2B and B2C segments specializing in sports nutrition products across Hong Kong, Mainland China, and Malaysia. The company reported significant revenue growth from $11.9M in 2023 to $19.5M in 2024, driven by expanded sales channels, marketing services, and regional expansion into Malaysia. Key financial highlights include 93.5% revenue from product sales and 6.5% from marketing services, with gross profit margins of 20% (B2B) and 44.6% (B2C).

F-1/A amended

Range $4.00 to $5.00 · 2,000,000 shares

Fitness Fanatics Ltd, a Cayman Islands-based holding company, operates through B2B and B2C segments specializing in sports nutrition products and marketing services across Hong Kong, Mainland China, and Malaysia. The company reported significant revenue growth from $11.9M in 2023 to $19.5M in 2024, driven by expanded sales channels, marketing services, and regional expansion into Malaysia. Key factors affecting operations include market conditions, regulatory compliance, supply chain management, and competition.

F-1/A amended

Price $4.50 · Range $4.00 to $5.00 · 2,000,000 shares · Gross proceeds $9,000,000

Fitness Fanatics Ltd, a Cayman Islands-based holding company, operates through subsidiaries in Hong Kong, Mainland China, and Malaysia, specializing in sports nutrition products via B2B and B2C segments. The company reported significant revenue growth from $11.9M in 2023 to $19.5M in 2024, driven by expanded sales channels, marketing services, and regional expansion into Malaysia. Key products include protein powders, supplements, and functional snacks, with 93.5% of revenue from product sales and 6.5% from marketing services. The filing highlights operational growth, market diversification, and financial performance metrics.

F-1 filed

Price $4.50 · Range $4.00 to $5.00 · 2,000,000 shares · Gross proceeds $9,000,000

Fitness Fanatics Ltd, a Cayman Islands-based holding company, operates through subsidiaries in Hong Kong, Mainland China, and Malaysia, specializing in sports nutrition product distribution and marketing services. The company reported significant revenue growth from $11.9M in 2023 to $19.5M in 2024, driven by expanded B2B/B2C channels, new marketing services, and geographic expansion into Malaysia. Its business model focuses on B2B distribution to retailers and B2C sales via e-commerce, vending machines, and third-party platforms, with 93.5% of revenue from product sales and 6.5% from marketing services.

DRS/A amended

DRS/A amended

DRS/A amended

Fitness Fanatics Ltd, incorporated in the Cayman Islands, operates as a holding company with subsidiaries in Hong Kong, Mainland China, and Malaysia. The company specializes in sports nutrition products through B2B and B2C segments, with 93.5% of revenue from product sales and 6.5% from marketing services. Fiscal year 2024 revenue grew 63.5% to $19.5M, driven by expanded distribution channels, B2B/B2C growth, and new marketing services. The company expanded into Malaysia, marking its first post-pandemic market entry. Key risks include regulatory changes, supply chain disruptions, and intense competition.

DRS filed

Fitness Fanatics Ltd, a Cayman Islands exempted company, is conducting an initial public offering (IPO) of Class A ordinary shares. The company operates through subsidiaries in Hong Kong, Mainland China, and Malaysia, focusing on sports nutrition products. The IPO includes shares offered by the company and selling shareholders, with an anticipated price range. The offering is contingent on listing on the Nasdaq Capital Market, and the company has a dual-class share structure limiting shareholder voting power. The filing is confidential and subject to regulatory approvals.