Agape ATP Corporation reported significant financial changes in its latest 10-Q filing for the quarter ending June 30, 2026. The company generated revenue of $13.7 million for the three months ended June 30, 2026, a decrease of approximately 93% compared to $207.0 million in the same period of the previous year. For the six months ending June 30, 2026, revenue totaled $35.3 million, down from $243.8 million in the prior year. The gross profit for the quarter was $11.8 million, compared to $65.4 million in the previous year, reflecting a substantial decline in profitability.
The company reported a net income of $149,437 for the second quarter of 2026, a notable improvement from a net loss of $623,246 in the same quarter of 2025. This shift was attributed to a gain on the disposal of discontinued operations amounting to $74,760, which contributed positively to the overall financial results. However, the company still faced challenges, with a net loss from continuing operations of $224,097 for the first half of 2026, compared to a loss of $1.3 million in the same period of 2025.
Operationally, Agape ATP Corporation has undergone significant changes, including the disposal of its 60% equity interest in DSY Wellness International Sdn. Bhd. in June 2026. The company is also diversifying its operations into renewable energy, having established ATPC Green Energy Sdn. Bhd. in March 2024. This strategic pivot aims to enhance sustainability and align with global energy trends. The company’s total assets increased to $25.0 million as of June 30, 2026, compared to $24.6 million at the end of 2025, primarily due to changes in current and non-current asset management.
In terms of customer engagement, Agape ATP Corporation reported a decrease in customer deposits, which fell to $142,308 from $155,696 in the previous period. The company’s cash and cash equivalents also decreased significantly to $45.5 million from $89.7 million at the end of 2025. The company’s accumulated deficit increased to $11.97 million, reflecting ongoing operational challenges. The employee headcount remained stable at 1,000,626 shares outstanding, following a reverse stock split effective February 20, 2026.
Looking ahead, Agape ATP Corporation faces substantial challenges regarding its liquidity and ability to continue as a going concern. The company has indicated that its future financial stability will depend on its ability to generate positive cash flow from operations and secure financing for its growth initiatives. Management is focused on increasing revenue while controlling costs, but the outcome of these plans remains uncertain. The company’s strategic direction towards renewable energy and wellness products is expected to play a crucial role in its recovery and growth trajectory.
About Agape ATP Corp
Agape ATP Corporation operates in the health and wellness industry, primarily in Malaysia, offering health supplements and wellness programs focused on cellular health, detoxification, and anti-aging. Its key products include the ATP Zeta Health Program and E.A.T.S. series, distributed via a direct-selling network and supported by advisory services. The company leverages a multi-level marketing model targeting health-conscious consumers and distributors, emphasizing product quality, education, and community wellness promotion.
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